Most Popular
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40% of Korea's workers who reported bullying faced retaliation: survey
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Over 82,000 Korean young people unemployed, not searching for job long-term
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600 evacuated as heavy rain floods roads, homes in southern regions
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[KH Explains] Can smart chargers ease tensions over EV fires?
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[Weekender] Young Koreans more open to Japanese cultural products
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
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Doctors defend colleague accused of blacklisting non-strikers
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Volkswagen Korea chief grilled for 2nd day
The South Korean prosecution once again summoned for questioning the chief of German automaker Volkswagen’s local operations on Friday, continuing its investigation of alleged irregularities committed by the automaker in the country.Johannes Thammer, the chief executive of Audi Volkswagen Korea, appeared at the Seoul Central District Prosecutors’ Office the day before to address allegations that the firm fabricated emission test results for vehicles sold in Korea.Johannes Thammer, CEO of Audi Vo
MobilityAug. 12, 2016
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Park voices concern about national division over THAAD
President Park Geun-hye on Friday voiced her concern again over national division due to the planned deployment of an advanced U.S. anti-missile system to South Korea, saying there would be "no compromise or concession" over the crucial security issue.Hosting a luncheon for those who devoted themselves to South Korea's liberation from Japan's 1910-45 colonial rule and their families, Park renewed her calls for national unity in the face of North Korea's growing nuclear and missile threats."To co
DefenseAug. 12, 2016
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Lotte Duty Free reopens in Gimpo
Lotte Duty Free has reopened its store in Gimpo Airport, the firm said Friday. The company had secured its operation license in May. The duty-free operator has selected cosmetics, fragrances and accessories as major products for the store to meet travelers’ demand for Korean beauty products, it added.Despite concerns of its business feasibility due to high rental fees, Lotte expects to attract more customers, citing its store’s favorable location in the airport, near Gate 35 where many travelers
CompaniesAug. 12, 2016
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Samsung BioLogics submits application for IPO plan
Samsung BioLogics Co., a medicine-producing subsidiary of South Korea's Samsung Group, on Friday applied for preliminary approval for its planned initial public offering, the local bourse announced.The Korea Exchange is required to inform Samsung BioLogics of the results of a related panel's review within the coming 45 business days, officials said.If it's approved, the company will begin the formal process for the IPO reportedly valued at around 3 trillion won ($2.7 billion).Samsung BioLogics i
CompaniesAug. 12, 2016
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IMF director advises Seoul to deregulate service sector
South Korea has to carry out sweeping reform of the service industry as a first step to transform the manufacturing-focused economy into the service sector-led economy, a Korea-born official from the International Monetary Fund said Friday."The South Korean economy has been steered by the manufacturing industry and has potential to become an economy led by the higher-level service industry," Rhee Chang-yong, director of the IMF's Asia and Pacific department, said in a lecture held in Seoul."But
Aug. 12, 2016
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[Newsmaker] Park's pardon clears hurdle for CJ’s global expansion
President Park Geun-hye’s surprising decision to free CJ Group chairman Lee Jay-hyun on Friday is expected to clear hurdles for the group’s struggling strategy to go global. Chairman Lee also apologized to the people for causing concerns and vowed he would devote his life to the country. Workers walk from CJ Group`s office in Seoul on Friday. (Yonhap)“I thank the president and the people for giving me a chance to receive treatment and to return (to business),” he said in a statement.“I will reco
IndustryAug. 12, 2016
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Export, import indices dip on falling exchange rate, oil prices
South Korea’s export and import prices fell last month for the first time in three months due to falling oil prices and the won-dollar exchange rate, according to the Bank of Korea on Friday.The export price index stood at 78.8 in July, down more than 2 percent from 80.6 in June, while the import price index came to 75.85, down about 2.8 percent from 78.03 in the same period. The decrease rate of the import price index in July reached the highest in nine months.The appreciation of the Korean won
Aug. 12, 2016
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New entertainment complex to be built in Graceland
MEMPHIS, Tennessee (AP) -- Graceland officials say a new 200,000 square-foot entertainment complex will be built across the street from Elvis Presley’s former home-turned-museum.Officials with the Memphis-based tourist attraction said Thursday that the $45 million complex will include exhibits that highlight the late singer’s life and career exploits in music and film. Presley died in Memphis on Aug. 16, 1977.Graceland says the entertainment complex is part of a $137 million expansion that inclu
PerformanceAug. 12, 2016