Most Popular
-
1
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
-
2
[KH Explains] Can smart chargers ease tensions over EV fires?
-
3
1 in 5 households to have breadwinner over 80 in 30 years
-
4
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
-
5
Assembly to review disputed appointment of national soccer team coach
-
6
New Fifty Fifty off to strong start
-
7
Arrival of fall calls for more outdoor festivals
-
8
Evicted guest burns down inn; 3 killed
-
9
[Herald Interview] US election may unleash growth for Korea: Laffer
-
10
Yoon's Prague visit sets stage for W24tr nuclear power plant deal
-
Credit appraiser considers rating cut of Volkswagen Financial Korea
[THE INVESTOR] Korea's local credit appraiser NICE Investors Service considers cutting credit ratings of Volkswagen Financial Services Korea, a unit of the troubled German carmaker caught in a recent emissions-rigging scandal. A Volkswagen store in Bangbae-dong, southern SeoulThe rating firm said on July 26 the company was included in its latest monitoring list for a possible credit downgrade, maintaining the current credit rating at “A+” for now. “Volkswagen Korea is likely to struggle with its
MobilityJuly 26, 2016
-
‘Drone genius’ Korean boy tops Shanghai drone racing: KT
12-year-old Korean boy has won first place in a 16-nation drone racing tournament in Shanghai, KT Corporation said Tuesday. According to KT, Kim Min-chan participated in the competition as a member of KT’s drone racing team “GiGA5” and recorded a score of 55 seconds 56.(KT Corporation)Another player from GiGA5, 17-year-old Son Young-rok, took second place with 1 minute 12 seconds 10 record. The first Asia Cup Shanghai took place on July 23 and 24 with 128 players from China, Japan, Korea and 13
TechnologyJuly 26, 2016
-
Memorial for No Gun Ri Massacre victims takes place
A 66th anniversary memorial for the victims of No Gun Ri Massacre took place Tuesday at the No Gun Ri Peace Park. No Gun Ri Massacre refers to the deaths of more than 150 South Korean refugees during the Korean War between July 26 and July 29 in 1950 by U.S. soldiers, who failed to discern that they were shooting at civilians. The massacre was named after the region, Nogun-ri, of Hwanggan-myeon, Yeongdong-gun, in North Chungcheong Province. (Yeongdong-gun)The Korean government in 2005 gathered
Social AffairsJuly 26, 2016
-
‘Babel 250’ aims to bridge cultures
The seaside village of Daraengi, located on the southern-most tip of the Korean Peninsula, is not where one would expect to find a lot of foreigners. However, tvN’s new reality show “Babel 250” which began airing July 11, has brought together seven people from across the globe -- from neighboring countries as close as China to the unfamiliar territory of Venezuela -- to this remote village. The only common ground they seemed to share initially is achieving the ultimate goal of the show -- to cre
TelevisionJuly 26, 2016
-
Hyundai Motor posts 0.6% increase in Q2 profit
[THE INVESTOR] Hyundai Motor, the world’s fifth-largest carmaker, said it posted second-quarter operating profit of 1.76 trillion won (US$1.54 billion), up 0.6 percent on-year. From the first quarter of 2016, operating profit rose 31.2 percent, the carmaker said on July 26. Hyundai Motor Group headquartersNet profit for the second quarter fell 1.5 percent on-year to 1.76 trillion won. Sales, however, rose 8.1 percent to 24.67 trillion won. In total Hyundai sold 1,285,860 units during the cited p
MobilityJuly 26, 2016
-
Hyosung posts record Q2 figures
[THE INVESTOR] Hyosung corp on July 26 posted record second-quarter operating profit buoyed by improving performance across its portfolio.The company’s regulatory filing showed that its operating profit jumped 29.8 percent from a year ago to come in at 331 billion won (US$291.49 million). According to the company, this is the first time its quarterly operating profit crossed the 300 billion won mark. Aided by the second-quarter figures, the company’s operating profit for the first six months of
IndustryJuly 26, 2016
-
K-beauty firms rush to go public
[THE INVESTOR] An increasing number of Korean cosmetics companies are seeking to get listed, riding the wave of their popularity overseas. The successful initial public offerings of It’s Skin and Tony Moly on the main bourse KOSPI last year seem to have only added appeal to the idea. CLIO Professional has applied for preliminary review to be listed on KOSDAQ on July 25, according to Korea Exchange. Established in 1997, the makeup specialist saw its turnover surge to 107.1 billion won (US$94.30 m
IndustryJuly 26, 2016
-
Gov't submits extra budget plan to parliament
The South Korean government submitted its extra budget plan aimed at revitalizing the national economy to the parliament on Tuesday, as the ruling and opposition parties remain divided over the details of the support measures.The bill, tentatively slated to pass on Aug. 12, focuses on allocating 11 trillion won ($9.6 billion) to add vitality to the weak economy and generate more jobs.The ruling and opposition parties, however, still remain divided on detailed related to the allocation of the sup
July 26, 2016
-
Saenuri officials visit Seongju to help resolve THAAD dispute
Ruling Saenuri Party officials visited the southeastern town of Seongju on Tuesday, in a bid to find solutions to the on-going protests by residents who have opposed the deployment of an advanced U.S. missile defense system there."Saenuri aims to facilitate dialogue between the government and the residents to persuade the residents of Seongju," said Chung Jin-suk, the party's floor leader.Rep. Chung Jin-suk, the floor leader of the ruling Saenuri Party, visits Seongju, located 296 kilometers sou
PoliticsJuly 26, 2016
-
Korea's seaport cargo grows 2% in June
The volume of cargo processed at South Korea's seaports increased almost 2 percent on-year in the first half of 2016, government data showed Tuesday.Cargo handled at the country's seaports totaled 739.77 million tons during the six months, up 1.9 percent from a year earlier, according to the Ministry of Oceans and Fisheries.Trade cargo totaled 608.96 million tons, while domestic shipments came to 130.81 million tons.The increase came from the larger amount of non-container cargo, which climbed 3
July 26, 2016
-
Treasures from Sinan shipwreck on view
In August 1975, a fisherman landed an unusual catch off the west coast of Korea. In his fishing net were six ceramic vessels including celadons -- or pottery made with celadon glaze -- that date back to the 14th century Yuan Dynasty China. This prompted people to say that there must be a shipwreck with more prized relics buried deep in the muddy seabed off the island of Jeungdo, Sinan in South Jeolla Province. A year later, archaeologists launched an underwater salvage operation which continued
CultureJuly 26, 2016
-
Hyundai Motor Q2 net shrinks 1.5% on weak global demand
South Korea's leading automaker Hyundai Motor Co. on Tuesday said its net income dropped slightly from a year earlier in the second quarter on a dip in exports and profitability.Net profit came to 1.76 trillion won ($1.55 billion) in the April-June period, down 1.5 percent from the same period last year, the company said in a regulatory filing.Sales surged 8.1 percent on-year to 24.68 trillion won, with operating profit gaining 0.6 percent to 1.76 trillion won.The on-year drop in net income was
MobilityJuly 26, 2016
-
Korean firms' investment in China jumps 17.8%in H1
Fresh investment in China by South Korean companies continued to rise sharply in the first half of the year, with the annual tally for 2016 well expected to reach a 12-year high, a local trade organization said Tuesday.In the January-June period, investment by South Korean firms in China came to $2.84 billion, up 17.8 percent from the same period last year, according to data from the Korea International Trade Association.At the current pace, South Korea's fresh corporate investment in China is e
July 26, 2016
-
Korea seeking for turnaround in exports in H2
South Korea on Tuesday unveiled a set of measures to try to create a turnaround in exports in the second half of this year.South Korea's exports fell 10 percent in the January-June period, compared to a year earlier. June also marked the 18th consecutive monthly decline in exports since January 2015.Trade Minister Joo Hyung-hwan said that it remains unclear whether South Korea can make a turnaround in exports, citing heightened uncertainties over economic slowdown in emerging markets, lower dema
July 26, 2016
-
SK Telecom withdraws merger plan with CJ HelloVision
[THE INVESTOR] SK Telecom announced on July 26 that it is officially withdrawing the merger plan between its IPTV unit SK Broadband and the nation’s No. 1 cable TV operator CJ HelloVision. The announcement comes after the Fair Trade Commission, the state antitrust regulator, disapproved the 1 trillion won deal on July 18, citing monopoly concerns that could further strengthen SK Telecom’s dominant market position in the highly competitive paid TV market. “SK Telecom has notified CJ HelloVision t
TechnologyJuly 26, 2016
-
Final Bowie musical to be staged in London
NEW YORK (AFP) - “Lazarus,” the science-fiction musical cowritten by David Bowie in one of his final works, will return to the stage, this time in London, the production announced Monday.The rock legend wrote the music for “Lazarus” which premiered in November at a small theater in New York. An opening gala in December marked Bowie’s last public appearance before he died on Jan. 10 from an undisclosed battle with cancer.Kings Cross Theatre in London said that “Lazarus,” a coveted ticket in New Y
PerformanceJuly 26, 2016