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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Petrochemical business boosts SK Innovation
Korea’s top oil refiner SK Innovation on Friday reported a 6.5 percent increase in net profit in the second quarter led by its petro-chemical business. Its net profit reached 626 billion won ($551 million), compared with 588 billion won a year earlier, the company said. Operating income rose 12 percent to 1.12 trillion won and sales jumped 21 percent to 10.28 trillion won. The company attributed the strong performance to its petro-chemical business which benefited from lower oil prices. SK Inno
IndustryJuly 22, 2016
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[Photo News] Global International Partner Meeting
Kim Young-pill (third from right), a president of Green Cross Medical Science, a subsidiary of Korean biopharmaceutical company Green Cross, poses with foreign clients, who attended the conference held at its headquarters located in Yongin City on Thursday. (Green Cross Medical Science)
TechnologyJuly 22, 2016
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3M recalls toxic air filters in Korea
Multinational manufacturer 3M apologized for the uproar over the detection of a toxic substance in its air purifier filters, and promised to start a recall on Friday.The apology comes after weeks of silence following the first reports of potentially harmful toxins in the company’s filters.3M(Yonhap)“We sincerely apologize for the concern that we have caused consumers and our client companies over the results of the Environmental Ministry’s investigation announced on Wednesday,” the statement rea
IndustryJuly 22, 2016
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Samsung Electronics stock retreats after 7-day rally
[THE INVESTOR] Samsung Electronics’ stock lost 1.75 percent to close at 1,516,000 won (US$1,335.60) on July 22 in the wake of a recent sex scandal involving the firm’s chairman Lee Kun-hee.Samsung’s share has recently been on an upward trend after crossing the 1.5 million won threshold on July 11 for the first time since 2015. The firm’s stock price continued to rise for seven straight trading days since July 14. Some analysts painted a rosy picture, even anticipating that the price could hit an
July 22, 2016
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[Editorial] Disregard for law
The ruling Saenuri Party can hardly be seen as a respecter of the law, as its leaders are turning a blind eye to allegations that close aides to President Park Geun-hye illegally intervened in candidate nomination for the April 13 general election.Earlier this week, a local news outlet revealed transcripts of conversations between Kim Sung-hoi, a Saenuri candidate for the Hwaseong C district of Gyeonggi Province, and Reps. Yoon Sang-hyun and Choi Kyung-hwan, who are close aides to Park. It also
EditorialJuly 22, 2016
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[Editorial] Gaming culture
The Ministry of Culture, Sports and Tourism has come up with a new set of measures to promote Korea’s slumping game industry.Dubbed “A Five-Year Plan to Enhance the Gaming Culture,” the new measures focus more on creating a healthy gaming culture than supporting game developers. The policy shift is based on the realization that the game industry cannot prosper unless people’s negative perceptions toward online games change.The government’s policy toward the game industry has been contradictory.
EditorialJuly 22, 2016
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Hanwha opens solar energy complex for local firms
[THE INVESTOR] Hanwha Group has launched a new research complex in Seosan, South Chungcheong Province, to nurture local small and medium-sized firms in the field of solar energy. The company, in partnership with the South Chungcheong Creative Economy Innovation Center, jointly opened the Seosan Solar Energy-Specialized Venture Complex on July 22. With an area of 16,529 square-meter, the new center will attract SMEs in the field of solar energy to foster their R&D activities and commercialize its
IndustryJuly 22, 2016
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[Herald Interview] Activist-turned-scholar urges action on N.K. abductees
On April 29, 1992, South Korea’s top intelligence agency arrested dozens of activists for plotting to overthrow the government by building underground socialist organizations. The authorities described the groups as the biggest antistate entity ever established in the country’s modern history. One of those arrested was Baik Tae-ung, who served as leader of the South Korean Socialist Coalition of Workers or “Sanomaeng” in Korean. Despite the plea that he was exercising the right to political free
North KoreaJuly 22, 2016
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USFK holds missile defense training
The U.S. Forces Korea carried out a training exercise to transport Patriot missiles from the U.S. military’s Japan base, officials confirmed Friday.The emergency deployment readiness exercise, the first of its kind, is to validate the 35th Air Defense Artillery Brigade’s ability to “integrate external ballistic missile defense assets into Korean theater of operation” -- an area where armed conflict takes place – via the sea. U.S. missile defense assets based in the Far East is to be integrated i
DefenseJuly 22, 2016
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Scandals bolster opposition push for graft probe body
A series of bribery scandals involving top presidential aides and prosecutors are expected to boost opposition parties’ push for an independent agency to probe high-profile corruption, which has been stalled for 20 years by differences over its status and investigative authorities. The main opposition, The Minjoo Party of Korea, said Thursday that it would move forward a bill to create an investigation body to exclusively deal with senior officials’ corruption. The centrist runner-up People’s Pa
PoliticsJuly 22, 2016
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Ministry releases list of toxic air filters
The Environment Ministry released Friday a list of specific models of toxic filters used in air purifiers and air conditioners sold by popular brands such as LG, Samsung and Coway.Amid moves to recall the products in concern, the corresponding companies said they would offer free filter replacements to customers.According to the ministry, filters containing Octylisothiazolinone (OIT) were detected in 51 air purifier models from companies such as LG, Samsung, Coway, Winia, Cuckoo, Chungho Nice an
Social AffairsJuly 22, 2016
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Foreigners also subjected to new antigraft rules from Sept. 28
[THE INVESTOR] Foreign nationals working in South Korea will also be subjected to the new antigraft laws, the Anti-Corruption and Civil Rights Commission said on July 22. The new law, which will take effect on Sept. 28, prohibits journalists, teachers, civil servants and others in position to exert influence in their professional capacities from receiving gifts and meals over a certain value. 123rfThe cost of a meal per person is set at 30,000 won (US$ 26), the value of gifts at 50,000 won, and
July 22, 2016