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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K-ITC Born2Global Center and its Members ⑥ SecuLetter
On July 18, the information protection service company SecuLetter announced that it will receive an investment from a domestic venture capital company by the end of the month. CEO Lim Cha-sung said, “We will soon be receiving a Series A round as an investment in the development phase of our product.” He went on to add, “We are currently in the final steps of processing the investment and will soon reveal the exact investment amount.” After the company has received and processed all domestic inve
IndustryJuly 22, 2016
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Demand for Buxi’s van-sharing service skyrockets during summer holiday season
With the summer holiday season well underway, Buxi is busier than ever. Buxi is a van-sharing service company that offers direct transportation between customers’ homes and Incheon International Airport via minibus for a fee of 20,000 won per person. The company is currently operating in 11 areas: seven districts in Seoul (Gangnam-gu, Seocho-gu, etc.) and four districts in Gyeonggi-do (Bundang-gu, etc.). Buxi’s competitive edge is based on two key factors: its convenience and reasonable price. C
IndustryJuly 22, 2016
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K-ICT Born2Global Center garners W32.4b in investment in H1
Born2Global Center records 32.4 billion won in startup investment for first half of the year, up 171 percent compared to the same period last year.On July 19, the K-ICT Born2Global Center, a startup incubator affiliated with the Ministry of Science, ICT and Future Planning, announced that it attracted a total of 32.4 billion won in investments -- via direct and indirect means -- for its startup companies in the first half of 2016. This figure represents a whopping 171 percent increase compared t
IndustryJuly 22, 2016
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Galaxy Note 7 focused on cost cutting: analysts
The latest version of Samsung Electronics Co.'s Galaxy Note smartphone appears to focus on saving costs, rather than delivering cutting-edge functions, industry sources said Friday. The Galaxy Note 7 smartphone, which is expected to be released on Aug. 2 in New York, is likely to show similar features with the Galaxy Note 5 in terms of its design and functions, according to the industry sources.Although the camera and battery life of the Galaxy Note 7 are likely to be better than its predecessor
TechnologyJuly 22, 2016
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Opposition seeks to punish defamation of democracy movement
South Korea's opposition parties on Friday vowed to revise the existing law on honoring the symbolic May 18 movement, adding that any attempt to defame its spirit should be punished.The move, if made into law, would make it illegal to use newspapers, TV broadcasts or any other form of publication to distort or defame the democracy movement. Those found guilty of breaking the rules could face fines of under 50 million won ($44,000) and a jail term of less than five years.On May 18, 1980, more tha
PoliticsJuly 22, 2016
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Samsung chairman Lee Kun-hee mired in sex scandal
[THE INVESTOR] Korean news outlet NewsTapa reported on July 21 that Samsung Group chairman Lee Kun-hee has been paying for sex for years.NewsTapa aired video clips showing a group of women enter a house in southern Seoul where the chairman is waiting. The dialogue between Lee and the women indicates that illegal sexual services were provided. The women are also shown accepting envelopes from Lee that allegedly contained 5 million won (US$4,400) each. Samsung Group chairman Lee Kun-hee (center).F
CompaniesJuly 22, 2016
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Samsung urged to beef up OLED production on soaring China demand
[THE INVESTOR] It seems unavoidable for Samsung Display, the display-making unit of Samsung Electronics, to further beef up production of its organic light-emitting diode panels on soaring demand from China’s smartphone manufacturers. UBI Research, a local market research firm specialized on OLED, predicted that the Chinese demand for mobile OLED could surge to some 200 million units next year. Samsung Galaxy S7 with OLED display. Apple iPhone’s planned adoption of OLED screen possibly from next
TechnologyJuly 22, 2016
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Hyundai Steel Q2 earnings spike 26.5%
South Korea's second-largest steelmaker Hyundai Steel Co. said Friday that its net profit jumped over 26 percent from a year earlier in the second quarter on increased sales.Net income came to 254.6 billion won ($224.26 million) in the three months ending June 30, the company said in a regulatory filing.From the previous quarter, the second-quarter figure marks a 60.5 percent surge.Sales gained 5.8 percent on-year to some 4.22 trillion won.The company attributed the sales increase to a rise in t
July 22, 2016
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Trump vows to renegotiate FTA with Korea
U.S. Republican presidential nominee Donald Trump denounced the free trade pact with South Korea as a "job killing" deal Thursday, pledging to totally renegotiate what he called "horrible" trade agreements.It was not the first time Trump has voiced criticism of the Korea-U.S. trade agreement, but Thursday's remark carried greater weight as it came in his first speech since formally winning the nomination at the national convention under way in Cleveland.In a nationally televised nomination accep
InternationalJuly 22, 2016
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Reactor at nuclear power plant in S. Korea stops operations
A nuclear reactor at South Korea's power plant stopped operations Friday due to malfunctions in its safety-related system, plant operators said.The reactor at the plant located in Wolseong, about 400 km southeast of Seoul, came to a halt at around 11:24 a.m. according to the Korea Hydro and Nuclear Power Co. No radiation leaks have been reported. The operator said that it is currently working on finding the exact cause of the shutdown. (Yonhap)
Social AffairsJuly 22, 2016
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N. Korea's economy shrank 1.1% in 2015: BOK
North Korea's economy is estimated to have contracted 1.1 percent last year amid negative growth in most industries, South Korea's central bank announced Friday.The Bank of Korea has issued an annual report on the estimated gross domestic product of one of the world's most secretive nations.It said the communist country's GDP shrank 1.1 percent in 2015 from a year earlier, the first negative growth since 2010.The bank cited a drop in crop and mining output by 0.8 percent and 2.6 percent, respect
North KoreaJuly 22, 2016
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One North Korean missile exploded in initial stage of latest launch
One of the three ballistic missiles recently test-fired by North Korea likely exploded in the air during its initial stage of flight due to some sort of malfunction, military officials familiar with the matter said Friday.According to military sources, one of the three missiles blew up at an altitude of less than 30 kilometers, though two others flew 500-600 km from Hwangju, south of Pyongyang, across the communist country before hitting the East Sea early this week."Pyongyang's claim to have us
North KoreaJuly 22, 2016