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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Top 30 conglomerates’ retained earnings shoot up 275% in 10 years
[THE INVESTOR] The retained earnings of the country’s top 30 conglomerates have nearly tripled since 2006, government data showed on July 25. The list of 30 excludes state-run entities, and conglomerates that are not run by an “owner,” like Samsung, Hyundai Motor and other leading conglomerates.According to the National Assembly Budget Office data obtained by Rep. Kim Jong-min of the main opposition Minjoo Party of Korea, the retained earnings of the top 30 conglomerates came to 478 trillion won
IndustryJuly 25, 2016
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Samsung, LG keep close eye on Vietnam’s minimum wage hike
[THE INVESTOR] Vietnam’s minimum wage hike is expected to take a heavy toll on big Korean firms such as Samsung and LG that have been beefing up production there due to low labor costs. Currently, the minimum wage for Vietnamese workers ranges between US$108-157 across regions. In the latest wage talks, labor groups asked for an 11 percent increase from next year, while employers resisted, proposing a moderate 4.62 percent raise. LG Electronics Vietnam Haiphong campus“There are over 4,000 Korean
TechnologyJuly 25, 2016
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U.N. Security Council unlikely to issue statement condemning N.K. missile launches
The U.N. Security Council appears unlikely to issue a statement condemning North Korea's latest ballistic missile launches, spurring speculation that China may be uncooperative in anger over a decision to deploy the THAAD missile defense system in South Korea.Right after the North launched three ballistic missiles last Tuesday, the U.S. government said it will "raise our concerns at the U.N. to bolster international resolve in holding the DPRK accountable for these provocative actions." The DPRK
North KoreaJuly 25, 2016
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[EQUITIES] NH Investment & Securities sees SK Innovation’s Q3 profit declining 42%
[THE INVESTOR] NH Investment said on July 25 that SK Innovation’s third-quarter operating profit will fall 42.1 percent on-quarter to 647.9 billion won (US$569.43 million). The figure, however, will reflect a 78 percent increase from the same period in 2015.The forecast was based on speculation that the average refinery margins will fall, NH said. In the second quarter, the South Korean energy firm posted 1.11 trillion won of operating profit, exceeding 1 trillion won in quarterly profit for the
July 25, 2016
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Cyberbullying soars through mobile messengers: data
The number of cyberbullying cases observed by local schools jumped in 2015 from three years earlier, data showed Monday, in line with the sharp increase in mobile messenger users.According to the data compiled by the parliament's education committee, the number of cyberbullying cases monitored by schools came to 1,462 cases in 2015, soaring from 900 cases posted in 2012. The rise contrasts with a drop in number of actual bullying cases, which dropped 19.1 percent over the cited period to reach 1
Social AffairsJuly 25, 2016
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Smartphone OLED panels market to grow twofold in 2 years
Global shipments of organic light-emitting diode panels for smartphones are forecast to jump by nearly twofold in two years, data showed Monday, as more smartphone makers are moving to equip their devices with the power-saving panels.According to the data compiled by market researcher IHS, a total of 257 million OLED panels for smartphones were shipped in 2015 and the number is expected to expand to 455 million in 2017.The rise in OLED shipments for smartphones was attributable to more smartphon
IndustryJuly 25, 2016
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Washington Post lambastes Trump as dangerous to U.S., world
Republican presidential nominee Donald Trump is a "unique and present danger" to the Constitution and his presidency will be dangerous not only to the United States, but also to the world, The Washington Post said Sunday.In an unusually lengthy editorial, the newspaper lambasted the real-estate tycoon for lacking experience and being ignorant yet refusing to learn, unspooling one lie after another, flip-flopping on key issues, and offering only prejudices and gut feelings, most of them erroneous
World NewsJuly 25, 2016
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Korea wins 1 tln won deal to operate UAE nuclear reactors
South Korea's state-run energy firm said Monday it has clinched a deal with its United Arab Emirates counterpart to operate four nuclear reactors under construction there through 2030.Under the plan signed in Abu Dhabi on July 20, Korea Hydro & Nuclear Power Co. will be in charge of the operation of the four Advanced Power Reactor (APR)-1400 nuclear reactors under construction in the UAE, marking the first time for a South Korean firm to sign an agreement of that kind with overseas partners.Star
IndustryJuly 25, 2016
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Wang Yi says South Korea's recent behavior hurt bilateral trust
China blamed South Korea on Sunday for hurting their trust by pushing to deploy an advanced missile system on the Korean Peninsula despite its strong opposition. The remarks were made by Chinese Foreign Minister Wang Yi before starting talks with his South Korean counterpart, Yun Byung-se, on the sidelines of a regional security forum."The recent behavior from South Korea has undermined the foundation for our bilateral trust," Wang said through an interpreter, voicing his displeasure apparently
Foreign AffairsJuly 25, 2016