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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Trade fair on startups to open in Los Angeles
South Korean startups will show off their new products at a trade fair in Los Angeles later this week, the Ministry of Science, ICT and Future Planning said Tuesday. The three-day fair, set to begin at the Los Angeles Convention Center on Friday, is aimed at helping the startups make inroads into the U.S. market and attract foreign investments, according to the ministry. During the fair, named the "Creative Economy Global Road Show," some companies will display beauty and fashion products for fa
TechnologyJuly 26, 2016
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SK Telecom pulls plug on CJ HelloVision M&A
South Korean network provider SK Telecom said Monday that it was terminating its plan to merge its IPTV unit SK Broadband and the country’s top cable TV operator CJ HelloVision.The decision came a week after the Fair Trade Commission officially opposed the 1 trillion won merger deal ($875 million), citing concerns over a market monopoly by SKT in the competitive paid TV business.In November 2015, SKT had announced that it would acquire a 53.9 percent majority stake in CJ HelloVision from its own
TechnologyJuly 26, 2016
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[EQUITIES] KOGAS’ Q2 operating profit to rise 417%: Samsung Securities
[THE INVESTOR] Samsung Securities forecast state-run Korea Gas Corp.’s second quarter operating profit will jump 417.3 percent on-year to 19 billion won (US$16.73 million) on improved earnings from overseas exploration and production businesses. Revenue, however, was expected to fall 15.4 percent to 4.2 trillion won on declining sales in liquefied natural gas.Further undermining KOGAS’ profit in the latter half of the year is its recent decision to suspend its development program in Iraq’s Akkas
July 26, 2016
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Record numbers of planes, passengers at Incheon Airport
Incheon International Airport said Tuesday that it hit new records for the number of flights and passengers it serviced in one day.On Sunday, Incheon International Airport served 1,020 flights carrying 188,263 passengers, according to the airport corporation. They are the highest numbers on record since the airport opened in 2001, with the number of passengers flying during the summer vacation season growing 26.5 percent just over the past year.Over the past 15 years, the number of flights has g
IndustryJuly 26, 2016
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Births, weddings dip to lowest levels in May
The number of marriages and childbirths in South Korea dropped to an all-time seasonal low in May, official data showed Tuesday.The number of newborns fell 5.8 percent on-year to 34,400 during the month, according to Statistics Korea.It is the lowest for May since the agency began compiling related data in 2000.The number of childbirths declined for the sixth consecutive month amid growing concerns over the nation's shrinking and aging population.Marriages also plunged 8.6 percent to 25,500 in M
Social AffairsJuly 26, 2016
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Unification minister says now is not the time for dialogue with Pyongyang
South Korea's unification minister said Tuesday now is not the right time to hold talks with North Korea as Pyongyang continues to ramp up its saber-rattling over Seoul's decision to deploy an advanced U.S. anti-missile defense system in the country. On July 19, a week after it warned of "physical" counter-actions against the decision by Seoul and Washington to deploy the Terminal High-Altitude Area Defense system in South Korea by 2017, Pyongyang test-fired three ballistic missiles and made cle
North KoreaJuly 26, 2016
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Interpark apologizes for massive data leak
Korean e-commerce firm Interpark apologized Monday for a massive data leak earlier this year that exposed its users’ personal information. This includes the names, addresses, email addresses, dates of birth and phone numbers of some 10.3 million users. “On July 11, Interpark became aware that some of our users’ information had been stolen by a hacker group through an advanced persistent threat attack, and reported the hack to the police the next day,” said an official statement on the company’s
IndustryJuly 26, 2016
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Watchdog urges gov't to draw up plans for gambling addicts
South Korea's state auditor said Tuesday the government should roll out tighter plans to prevent gambling addiction, adding that a large number of addicts are being observed at Kangwon Land Casino, the nation's only casino open to locals, owned by High1 Resort.According to the study conducted by the Board of Audit and Inspection, 2,165 South Koreans visited the mountain resort in Jeongseon County, 214 kilometers east of Seoul, more than 100 days in a one-year period as of March. Another group of
Social AffairsJuly 26, 2016
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Cruise travelers to Korea more than double in H1
The number of foreigners who visited South Korea via cruise ship more than doubled in the first half from a year ago, helped by a rising influx of travelers from China, the maritime ministry said Tuesday. A total of 899,539 passengers, including 246,783 crewmembers, arrived at four ports in the nation in the January-June period, up 122 percent from a year earlier, the Ministry of Oceans and Fisheries said.The number of arrivals of cruise ships also jumped from 195 to 306 over the period, the min
July 26, 2016
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Samsung to expand Austin R&D center to secure tech talents
[News Analysis] Samsung Electronics’ latest plan to expand its research and development center in Austin, Texas, demonstrates its efforts to secure talents on its future businesses such as driverless cars or artificial intelligence, analysts said Tuesday.Samsung Austin R&D Center, which develops system large-scale integration for premium mobile devices, said last week it would be relocating its offices from its current location at Ladera Bend to a new, larger and updated 112,000-square-foot spac
TechnologyJuly 26, 2016
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Conference opens to improve Korean teaching to foreigners
Dozens of Korean language teachers from around the world gathered in Seoul Tuesday to discuss ways to improve their teaching amid heightened interest in the Asian language.The 14th conference of overseas Korean language educators brought together more than 80 teachers and professors from 28 nations and some 30 South Korean education officials for a weeklong workshop consisting of seminars, group discussions and field trips.The education ministry and its affiliate, the National Institute for Inte
Social AffairsJuly 26, 2016
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China, Russia submit statement to U.N. opposing THAAD deployment in S. Korea: VOA
China and Russia submitted a joint statement to the United Nations on July 8 opposing the deployment of the Terminal High Altitude Area Defense battery in South Korea, the U.S.-based Voice of America reported Tuesday. According to the VOA report, the joint document was signed by Wu Haitao, China's deputy ambassador to the U.N., and Russian Ambassador to the U.N. Vitaly Churkin. The document was attached with a joint statement signed by Chinese President Xi Jinping and Russian President Vladimir
DefenseJuly 26, 2016
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Nexon’s latest mobile game a big hit overseas
[THE INVESTOR] Online game developer Nexon said on July 26 that the number of downloads for the global version of its mobile role-playing game “HIT” has exceeded the 3 million mark since its debut less than a month ago. First released in Korea in November 2015, the global version was launched in 140 nations, excluding China and Japan, on July 7. The mobile app has been included in the top 10 best-selling paid mobile apps in Thailand, Hong Kong, Taiwan and Vietnam. Nexon has recently been in the
TechnologyJuly 26, 2016
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Aggressive non-oil investments pay off for Korean refiners
Aggressive investment in non-refining businesses have helped Korean oil refineries secure and boost operating profits in the first half of this year, with major companies showing record high performances, market analysts said Tuesday.In the first half of this year, SK Innovation’s operating profit hit a record high of 1.96 trillion won ($1.17 billion). This is the first time that operating profit for a local oil refinery has reached nearly 2 trillion won in half a year. While the lagging effect
IndustryJuly 26, 2016
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Korean companies secondary offerings rise in H1
[THE INVESTOR] More companies raised cash through secondary offerings during the first half of this year than a year earlier, industry data showed on July 26. According to the Korea Securities Depository, 161 companies raised more than 5.48 trillion won (US$4.83 billion) during the first six months of the year. Compared to the same period last year, the number of companies taking such action increased 34.2 percent, while the amount raised saw a 16.1 percent increase. The number of new shares, ho
July 26, 2016