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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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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UAE, Korea building ties via cultural, economic cooperation
South Korea and the United Arab Emirates are expected to further expand their ties through cultural and economic exchanges with the Asian country's presence in the Middle Eastern country also looming larger in the medical and educational service sectors, the head of a friendship community has said.In an interview with Yonhap News Agency, Humaid Al Hammadi, president of the Emirati-Korean Friendship Society, said just a decade ago UAE citizens were not aware of South Korea and thought the country
July 25, 2016
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Rio scrambles to fix Olympic Village after Australia boycott
The official opening of the Olympic Village in Rio turned to fiasco Sunday with the discovery of blocked toilets and leaky pipes, prompting Australia to call the facility “not safe or ready.”Even Brazilian athletes who were meant to have started taking up lodgings in the brand-new complex from Sunday were being kept in hotels instead.Britain's delegation said it, too, had encountered some “maintenance difficulties,” but added it was staying in the Village as planned.Rio's Olympic organizers said
Olympic GamesJuly 25, 2016
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Volkswagen Korea attends public hearing
[THE INVESTOR] The Ministry of Environment held a public hearing on July 25, attended by Audi Volkswagen Korea.The hearing -- which was held at the National Institute of Environmental Research -- is to offer Volkswagen’s Korean unit a chance to explain itself regarding the ministry’s recent decision to ban the sales of 79 models of Audi and Volkswagen cars that cheated on emission tests, and also cancel their registration here.The decision, however, has yet to go into effect and will be finalize
MobilityJuly 25, 2016
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Kia Motors takes legal action against union leaders
[THE INVESTOR] Kia Motors has filed criminal complaints against the leaders of its labor union over the alleged illegal strikes. According to the carmaker, a complaint has been filed against union leader Kim Sung-rak and five other union officials for taking Kia’s union into the nationwide strike organized by the Korean Metal Workers’ Union. The metal workers’ union is a subgroup within the hardline Korean Confederation of Trade Unions. The company claims that its union did not follow legal proc
MobilityJuly 25, 2016
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Card issuers post 0.15% net profit gain in H1
South Korea's four major credit card firms posted a 0.15 percent year-on-year gain in net profit for the January-June period, data showed Monday.The combined net profit of the companies -- Shinhan Card, KB Kookmin Card Co., KEB Hana Card and Woori Card -- came to 608.2 billion won ($535 million) in the first half, up 900 million won from the same period last year, according to data released by the companies.The gain brushed off concerns that the earnings results of the four credit companies coul
July 25, 2016
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Ruling party lawmaker advocates Korea's nuke armament
A former floor leader of the ruling Saenuri Party said Monday that South Korea should also develop nuclear weapons if Pyongyang's provocation continues, adding the country's security is being threatened as U.S. Republican presidential nominee Donald Trump openly spoke about the withdrawal of troops from the Korean Peninsula."As Trump is openly calling for the pull out of U.S. troops from South Korea, the country's security is like a candlelight facing a storm," Rep. Won Yoo-chul claimed, adding
DefenseJuly 25, 2016
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Korea's ranking in stock market cap rises to 14th
South Korean stock market capitalization has grown 2.3 percent this year to rank as the world's 14th despite a host of challenges at home and abroad, data showed Monday.The combined market cap of local firms listed on the main and secondary bourse came to $1.259 trillion at the end of June, up from $1.231 trillion recorded half a year earlier, according to the Korea Exchange. (Yonhap)The increase pushed up South Korea's ranking by one notch to 14th in stock market value.The global stock market c
July 25, 2016
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LG to spend more for R&D on appliance parts
[THE INVESTOR] LG Electronics said it would spend 30-50 percent more on-year for research and development into key components of washing machines and air conditioners to maintain its competitiveness in the home appliance market. “The motor and compressor plays a vital role in our home appliance business, so we will invest accordingly,” said Park Jung-hyun, vice president of LG’s compressor and motor business unit at a press meeting in South Gyeongsang Province last week. LG Electronics employees
TechnologyJuly 25, 2016
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OLED shipments for smartphones to double by 2017: IHS
[THE INVESOTR] Shipments of organic light-emitting diode displays for smartphones are expected to almost double from last year’s 250 million units to 450 million units in 2017, market research firm IHS predicted. Currently, about 97 percent of the market is dominated by Samsung Display, the display-making unit of Samsung Electronics. IHS said this year’s shipments could surge 42.7 percent to 366.9 million panels compared to a year ago. Samsung Galaxy S7. The Korean tech giant is increasingly ado
TechnologyJuly 25, 2016
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US firms seek antidumping tariffs on S. Korean synthetic rubber
[THE INVESTOR] The US chemicals industry is seeking antidumping tariffs on South Korean synthetic rubber, the Korea International Trade Association said on July 24. According to the Washington branch of the KITA, US rubber makers including Lion Elastomers have filed dumping complaints against South Korean ESBR, a synthetic rubber used in a range of products including tires. The plaintiffs have requested the US International Trade Commission, and the US Department of Commerce to levy between 22.4
IndustryJuly 25, 2016
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[EQUITIES] Shinhan Investment forecasts Hotel Shilla’s Q3 profit to jump 1312% to W39.5b
[THE INVESTOR] Shinhan Investment forecast Hotel Shilla’s second-half profit to rise on improving profit margins in both the hotel and duty-free business in the second half of the year. Third quarter operating profit was forecast to rise 1312 percent on-year to 39.5 billion won (US$347.16 million) on a consolidated basis, to further increase by 173 percent to 30.8 billion won. Rising tourist volume will contribute to the increase, Shinhan said. As a further catalyst, the license of rivals in the
July 25, 2016