Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Doctors defend colleague accused of blacklisting non-strikers
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[Editorial] Corporate tax
The tax code revision pushed this week has somewhat reflected policymakers’ efforts to maximize the effect of the government-led supplementary budget worth 11 trillion won ($9.8 billion). The taxation policy involves easing tax burdens on the corporate sector. The easing is somewhat laudable in terms of minimizing fallout from full-fledged corporate restructuring in the ailing industrial sectors. In addition, major conglomerates are suffering a protracted export slump. The Finance Ministry also
EditorialJuly 29, 2016
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[J. Bradford DeLong] History gives lessons in inequality
The Berkeley economist Barry Eichengreen recently gave a talk in Lisbon about inequality that demonstrated one of the virtues of being a scholar of economic history. Eichengreen, like me, glories in the complexities of every situation, avoiding oversimplification in the pursuit of conceptual clarity. This disposition stays the impulse to try to explain more about the world than we can possibly know with one simple model. For his part, with respect to inequality, Eichengreen has identified six fi
ViewpointsJuly 29, 2016
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[Album Review] Lil Durk’s new album may dominate summer
Lil Durk“Lil Durk 2X”(Def Jam) Maybe the most telling thing about Lil Durk's new album "Lil Durk 2X" (Def Jam) is that it wasn't supposed to be an album in the first place. It was supposed to be a free mixtape for fans. But one listen to "Lil Durk 2X" and it's clear that these songs are too well-crafted not to get the full push of an album release. After all the buzz that his love song "My Beyonce" with Dej Loaf received from his previous mixtape "300 Days 300 Nights," his label smartly saw the
PerformanceJuly 29, 2016
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[Robert B. Reich] Does Hillary Clinton get it?
Does Hillary Clinton understand that the biggest divide in American politics is no longer between the right and the left, but between the antiestablishment and the establishment? I worry she doesn’t -- at least not yet.A Democratic operative I’ve known since the Bill Clinton administration tells me, “Now that she’s won the nomination, Hillary is moving to the middle. She’s going after moderate swing voters.” Presumably that’s why she tapped Tim Kaine to be her vice president. Kaine is as vanilla
ViewpointsJuly 29, 2016
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[Album Review] Candi Staton blends gospel and dance on new album
Candi Staton“It’s Time to Be Free” (Beracah Records) Candi Staton blends gospel themes and messages of redemption and caution with dance music, funk and soul on “It’s Time to Be Free,” revisiting earlier hits and perhaps creating new ones. Staton, whose career since the early 1950s has ranged from gospel to R&B to disco and back, takes a spiritual approach on the songs, near all her own, with the mostly upbeat arrangements buffering any excesses. Based on the first couple of tracks – “Shout Out
PerformanceJuly 29, 2016
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[Album Review] MSTRKRFT return after seven years
MSTRKRFT“Operator”(Last Gang) The Canadian duo MSTRKRFT is no stranger to the poppier side of dance music. After all, Jesse F. Keeler and Al-P remixed Katy Perry's "California Gurls" and Kylie Minogue's "Wow," as well as collaborating with John Legend on "Heartbreaker" for their last album. However, on "Operator" (Last Gang), their first album in seven years, MSTRKRFT balance their melodic side with songs that are far more aggressive and challenging. The result is a bit of a seesaw, especially e
PerformanceJuly 29, 2016
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[Weekender] Augmented reality beyond gaming and entertainment
The explosive popularity of Nintendo and Niantic’s augmented reality game “Pokemon Go” has set off a boom in Korea, with companies, the government and consumers thinking about how the combination of reality and digital imagination can change everyday life.For now, the primary focus is on games and entertainment as augmented reality is largely perceived as an advanced version of virtual reality. Virtual reality, which completely changes how users perceive their surroundings rather than adding com
TechnologyJuly 29, 2016
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[Weekender] 'Pokemon Go’ spotlights augmented reality’s potential
The explosive popularity of Nintendo and Niantic’s GPS-based mobile game “Pokemon Go” around the world, including South Korea, has thrust into the spotlight the core technology behind the game -- augmented reality.What exactly is augmented reality? It's a technology that overlays (or augments) digital images onto a person’s view of the world, merging one’s physical reality with digital imagination. In the case of “Pokemon Go,” the app utilizes gamers’ real-world locations to make Pokemon charact
TechnologyJuly 29, 2016
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KCC to investigate KakaoTalk over its in-app notifications
The Korea Communications Commission, the state media regulator, on Thursday said it plans to investigate Kakao Corp., operator of South Korea’s top mobile messenger KakaoTalk, over the legality of its in-app notifications. The move came after a local civic group accused Kakao of unilaterally sending out messages notifying users of purchases, orders and deliveries made through the app -- which costs nominal data usage fees -- without obtaining the consumer’s consent.The civic body had asserted th
TechnologyJuly 29, 2016
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Nexon founder steps down from board amid corruption scandal
Nexon founder Kim Jung-ju on Friday officially stepped down from the company's board, following his indictment earlier in the day on suspicious stock transactions and bribery.Kim is charged with providing some 920 million won ($821,000) in bribes to Jin Kyung-joon, a South Korean senior prosecutor and college friend of Kim. Jin was arrested and indicted on Friday, and subsequently dismissed from his post.“I express my deepest apology to everyone,” Kim said in a statement. “I committed a grave wr
TechnologyJuly 29, 2016
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KT posts highest Q2 operating profit in 4 years
South Korean telecommunications firm KT said Friday that it posted an operating profit of 427 billion won ($379.6 million) in the second quarter, marking its highest quarterly performance in four years. The company disclosed that its operating profit rose 15.8 percent on-year during the April-June period, thanks to its strong performance in its wireless network, landline telecom and media businesses.KT’s second-quarter performance overtook that of SK Telecom, the country’s leading telecom compan
TechnologyJuly 29, 2016
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Lotte Capital CEO Kobayashi resigns
[THE INVESTOR] Masamoto Kobayashi, chief executive of Lotte Capital, has resigned, according to Lotte Group on July 29.Kobayashi is known as the central link between the flow of funds between Lotte’s Korean and Japanese operations. “We understand he stepped down to focus on Japan’s Lotte Holdings business,” said one Lotte official, declining to be identified. Kobayashi has concurrently held the post of chief finance officer of Lotte Holdings. He was CEO of Lotte Capital since 2007 and was the on
July 29, 2016