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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Ruling party set to begin full-fledged leadership race
South Korea's ruling Saenuri Party kicked off the race to pick its new chairman with five candidates gunning for the top post.While the number of candidates originally stood at six, Reps. Lee Ju-young and Choung Byoung-gug, both five-term lawmakers, agreed to join forces. In the last minute arrangement, Chung was picked to represent the so-called non-President Park Geun-hye faction within the party.Other candidates include Rep. Joo Ho-young and Rep. Han Sun-kyo, both four-term lawmakers, and Rep
PoliticsJuly 29, 2016
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Average monthly wage 3.13 mln won in May
The average monthly wage of a regular worker at a business with more than five employees stood at 3,133,000 won ($2,796) in May, up 2.9 percent from a year ago, the labor ministry said Friday. That of a temporary worker or day-worker posted 1,431,000 won in that month, up 2.3 percent on year, the ministry said, citing the outcome of its latest survey of some 25,000 businesses in all industries except agriculture. Workers in finance and insurance earned the most at 5,367,000
July 29, 2016
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[Weekender] Pokemon no longer child’s play
The augmented reality smartphone game “Pokemon Go” is fueling the already hyped-up market for “kidults,” a newly coined term that combines “kid” and “adult.” The Pokemon craze worldwide is likely to ignite new momentum for more nostalgia seekers in their 30s and 40s.They grew up watching the popular “Pokemon” animated series in the 1990s. Given that they now have the purchasing power, they are more than willing to buy products that can help them relive their childhood. The market value for kidu
TechnologyJuly 29, 2016
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Seoul shares end lower after BOJ's disappointing decision
South Korean shares closed lower Friday as investors remained cautious following the disappointing stimulus measures made by the Bank of Japan. The Korean won rose against the U.S. dollar.After choppy trading, the benchmark Korea Composite Stock Price Index lost 4.91 points, or 0.24 percent, to 2,016.19. Trade volume recorded 361.38 million shares worth 4.96 trillion won ($4.42 billion), with decliners outnumbering advancers 457 to 350Local shares started higher after the U.S. Federal Reserve on
July 29, 2016
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Gov’t limits duty-free shopping to stop hoarding
[THE INVESTOR] The number of items bought at duty-free stores will be limited to prevent hoarding and proxy buying. The Korea Customs Service recently sent out an instruction to duty-free store operators to limit individual purchases to 10 bags and watches, and up to 50 cosmetics and perfumes of a single brand, based on the date of leaving the country. A Seoul duty free store is packed with travelers.The customs office is seeking to prevent illegal distribution of duty-free goods in the country,
IndustryJuly 29, 2016
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Korea confirms 9th Zika infection
South Korea has confirmed a woman who returned from a trip to Vietnam has been infected with the Zika virus, the country's ninth such case, health authorities here said Friday.The 40-year-old woman, whose identity has been withheld, tested positive for the mosquito-borne virus after traveling to Ho Chi Minh City from July 11-15, according to the Korea Centers for Disease Control and Prevention.The KCDC said she had been infected with the virus after being bitten by a mosquito during her trip to
Social AffairsJuly 29, 2016
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[Weekender] Augmented reality shines only with right storytelling
Following the “Pokemon Go” craze, the Korean government and companies are looking to pour money into advancing the local augmented reality sector. This is not the first time for Korea to push for AR.In 2012, talent agency S.M. Entertainment produced a program that allowed fans to dance with holograms of K-pop idol group EXO-K. Telecommunications giant KT also launched a mobile game called “Catch Catch,” which was a nearly identical precursor to “Pokemon Go.” Circus Company CEO Park Sun-uk demons
TechnologyJuly 29, 2016
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Samsung Heavy suffers Q2 operating loss on restructuring costs
[THE INVESTOR] Ailing shipyard Samsung Heavy Industries posted an operating loss of 283.7 billion won (US$253.18) in the April-June period, mainly because of workforce restructuring costs, the company said in its quarterly earnings report on July 29. The fall, however, is an improvement from 1.54 trillion won loss a year earlier, up by 81.7 percent. Samsung Heavy Industries' shipyard.For the second quarter, the Samsung affiliate logged net loss of 212.4 billion won, narrowing the loss from 1.15
IndustryJuly 29, 2016
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KT Wiz sign castoff for rotation help
South Korean baseball club KT Wiz said Friday they've signed a castoff from another club for rotation help.The Wiz in the Korea Baseball Organization acquired left-hander Ryan Feierabend, who was released by the Nexen Heroes last Friday when they signed Andy Van Hekken.The Wiz will be on the hook for the duration of Feierabend's $450,000 contract.The Wiz, a second-year franchise mired in last place in the 10-club league, had released Yohan Pino last Sunday.KBO teams can each sign up to three for
BaseballJuly 29, 2016
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Eight out of 10 households have air conditioners in Korea
About 80 percent of the country's total households own air conditioners as the country's summers are getting hotter amid global warming, a survey showed Friday. The percentage, which came out via a Gallup Korea poll of 1,004 adults conducted from July 26-28, is a sharp increase from 6 percent in 1993, 14 percent in 1996 and 36 percent in 2001. By region, Daegu and North Gyeongsang Province, known as the hottest areas in the country, posted 92 percent. The average room temperature when using AC w
Social AffairsJuly 29, 2016
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Cardinals' Oh Seung-hwan picks up save for 3rd straight day
The St. Louis Cardinals' South Korean closer Oh Seung-hwan is on a nice little roll.The closer picked up a save for the third straight day on Thursday (local time) against the Miami Marlins at Marlins Park in Miami, preserving the Cards' 5-4 victory with a scoreless ninth inning. The right-hander now has seven saves in his first big league season.With the Cardinals nursing a one-run lead, Oh took over from Kevin Siegrist in the bottom of the ninth.He retired cleanup Giancarlo Stanton on a ground
BaseballJuly 29, 2016
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Korea confirms venue for World Cup qualifier vs. China
South Korea will host China at the country's largest football-only stadium in the upcoming FIFA World Cup qualifier following the visitors' excessive demand for tickets, the national football governing body said Friday.The Korea Football Association said South Korea's opener versus China in the final Asian qualifying round for the 2018 FIFA World Cup will be staged at Seoul World Cup Stadium on Sept. 1. For the final round, where 12 teams compete, South Korea are grouped with Iran, Uzbekistan, C
SoccerJuly 29, 2016
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Hanwha to wholly own defense affiliate
[THE INVESTOR] Hanhwa Techwin announced on July 29 that it will acquire 13.5 million shares of France’s Thales International in its affiliate Hanwha Thales for 288 billion won (US$253.95 million). The due date for acquisition is Nov. 23, making it the sole owner. The French defense giant has decided to sell its 50 percent stake in the defense electronics joint venture Hanwha Group acquired from Samsung last year. Hanwha Techwin, an aircraft engine manufacturer, and Hanwha Thales are two of the f
IndustryJuly 29, 2016
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Foreign funds record net outflow from S. Korean bonds
[THE INVESTOR] South Korean securities saw a net outflow of foreign funds amounting to 2.7 trillion won (US$ 2.40 billion) during the first six months of the year, the Bank of Korea said in a report on July 29. (123rf)The bank said that the net outflow was recorded due to investors choosing not to invest funds they reclaimed from matured bonds, despite the net inflow seen from March to May. By Choi He-suk (cheesuk@heraldcorp.com)
July 29, 2016
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Jeju airport resumes operations after plane's tire bursts
South Korea's Jeju International Airport said it has normalized flight operations Friday after it temporarily closed its main runway due to a passenger jet blowing a tire while it was landing earlier in the day.A Korean Air B737-900 with 147 passengers onboard reported a problem with its nose landing gear after it landed on the resort island. The plane was carrying passengers from Tokyo's Narita International Airport and landed at 11:57 a.m.South Korea's top carrier said the passengers and crew
Social AffairsJuly 29, 2016