Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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40% of Korea's workers who reported bullying faced retaliation: survey
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[KH Explains] Can smart chargers ease tensions over EV fires?
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600 evacuated as heavy rain floods roads, homes in southern regions
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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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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Assembly to review disputed appointment of national soccer team coach
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Park visits local firms to promote flextime system
President Park Geun-hye on Friday visited two local companies as part of her efforts to promote a flextime system, a core element of a broader program that her government has implemented to help workers maintain a work-family balance.Park visited "Smart Work Centers" of the two firms -- Shinhan Bank and Hana Tour. The firms have adopted the flextime system under which their employees flexibly decide their work schedules to spend more time with their families.The Park administration has been carr
Social AffairsAug. 5, 2016
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Korea pound Fiji 8-0 to open Olympic football tournament
South Korea pounded Fiji 8-0 for a rousing start to the Rio de Janeiro Olympic football tournament on Thursday.Midfielder Ryu Seung-woo picked up the first hat trick in South Korean Olympic history, while midfielder Kwon Chang-hoon and forward Suk Hyun-jun each grabbed a brace in Group C action at Fonte Nova Arena in Salvador, some 1,600 kilometers north of Rio de Janeiro. Seven of the eight goals came in the second half.It was the most goals ever scored by South Korea in an Olympic football mat
Olympic GamesAug. 5, 2016
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Powervoice in the spotlight for its speaker verification solution for e-payments
Powervoice, a voice recognition company, announced on Aug. 1 that the company and BC Card would be releasing a mobile speaker recognition service within the year.The speaker recognition service is a program that uses voice biometric software to certify e-payments through a sample of the user’s voice saved on a smartphone instead of a PIN number.Founded in 2002, Powervoice is a voice and speaker recognition solution company with annual revenues of 5.2 billion won ($4.7 million) as of 2015. Until
TechnologyAug. 5, 2016
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Banks' daily FX turnover down 6.7% in Q2
The daily foreign exchange turnover by local and foreign banks in South Korea dropped 6.7 percent in the second quarter from a quarter earlier due to a decreased volatility in the foreign-exchange market, the central bank said Friday.The daily FX turnover averaged $49.44 billion in the April to June period, compared to the previous quarter's 52.99 billion, according to the Bank of Korea.The first-quarter reading is the highest level ever, the BOK said.The daily trading volume of foreign exchange
Aug. 5, 2016
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Daewoo Shipbuilding CFO summoned over accounting fraud
Seoul prosecutors on Friday called in the chief financial officer of Daewoo Shipbuilding & Marine Engineering Co. for questioning on allegations that he cooked the books to cover up the company's operating losses.The special investigation team said Kim Youl-jung, 58, is being grilled over accusations that the shipbuilder underreported some 120 billion won ($107 million) in business losses last year.About a week ago, the prosecution indicted former head of the company Ko Jae-ho on charges of over
Social AffairsAug. 5, 2016
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Parliament seeks to revise up price limits on anti-graft law
A South Korean parliamentary committee on Friday agreed to revise up price ceilings stipulated in the controversial anti-graft law amid rising concerns that the limits on exchanges of gifts may weigh down the consumption of agricultural goods.The Kim Young-ran anti-graft law aims to bring more transparency among public officials, journalists and private school faculty by setting price ceilings on meals and gifts they can receive. The Constitutional Court also gave a nod to the policy last month,
PoliticsAug. 5, 2016