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 Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Korea seeks to create 3-D map for drones
Korea will be creating a 3-D map for drones to ensure safety and prevent accidents as drones become more widely used, according to the Transport Ministry on Thursday.The Ministry of Land, Infrastructure and Transport said that current drone users have found it inconvenient or unsafe to fly drones using the current two-dimensional map which does not account for topographical differences and does not show obstacles such as electric wires.The three-dimensional map will help guide drones safely as m
IndustryJuly 21, 2016
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Father tried to cover up son’s abuse until death
A 46-year-old man was arrested for the domestic abuse of his 77-year-old father which resulted in the father’s death two days after the violence, Gyeonggi Namyangju Police said Wednesday. Prior to his death, the victim had denied any assault by his son and refused to be hospitalized on the day he was reportedly beaten. (Yonhap)According to the victim’s grandson, the victim had suffered beatings on July 9. He passed away two days later. The victim’s grandson, a high school student, told the poli
Social AffairsJuly 21, 2016
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Central bank calls for bank soundness
Bank of Korea Gov. Lee Ju-yeol urged Korean banks to pay attention to asset quality in their balance sheets and manage them well amid a gloomy market outlook.In a meeting with bank executives on Thursday, the country’s top monetary policymaker said the ongoing restructuring of debt-laden shipping and shipbuilding companies as well as low interest rates are expected to weigh on banks’ profitability.This calls for commercial banks to push efforts to maintain financial soundness.“Concerns are growi
July 21, 2016
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‘Green growth week’ to promote eco-friendly financing
With financial support being key to fostering eco-friendly growth, the upcoming Global Green Growth Week event in September seeks to provide a link between the developing world and multinational banks, organizers said Thursday. The Global Green Growth Institute plans to present the first-ever weeklong event on Jeju Island on Sept. 5-9, under the theme of “Maximizing Impact for Inclusive and Sustainable Green Growth.”With a three-pronged focus on finance, renewable energy and social inclusion, th
Foreign AffairsJuly 21, 2016
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Seoul raises subsidies for EV owners
[THE INVESTOR] The Seoul City government announced on July 21 that it will raise the subsidies for electrical vehicle owners by 2 million won (US$ 1,758) to boost sales. A resident who purchases a new electric vehicle will now receive 18.5 million won in assistance, up from 16.5 million won, the Seoul Metropolitan Government said. Hyundai Motor EV Ioniq / Hyundai MotorCorporate buyers will get 14 million won, up from 12 million won, while rental and leasing firms will earn 18.5 million won, a hi
MobilityJuly 21, 2016
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No. of men shopping online jumps 64% in 2 years
[THE INVESTOR] Men, especially in their 40s and 50s, are going online to find what they want. In the first half of this year, the number of male shoppers hiked 32 percent on-year, according to major online shopping site Coupang. Its statistics released on July 21 revealed that men in 40s and 50s showed the biggest increase, jumping 75 percent and 127 percent from 2014, respectively. (123rf)The most frequently purchased items for men were home appliances and digital goods. And it was stuff for pe
IndustryJuly 21, 2016
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2 toddlers orpahned after car crash kills parents
Two toddlers aged 30 months and 10 months remain hospitalized after their parents passed away in a car accident on July 11.The parents, surnamed Nam and Park (Korean women keep their maiden name after marriage), were buried two days after the accident on their third wedding anniversary on July 13.The family were traveling to the city of Gangneung on July11, when a heavy truck in the opposite direction suddenly collided into their Grandeur sedan in Najeon-ri, Bukpyeong-myeon, Jeongseon County at
Social AffairsJuly 21, 2016
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U.S., Korea building new paradigm of cooperation: Lippert
The top U.S. diplomat in Korea said Thursday that bilateral cooperation between Seoul and Washington is "enduring," adding that the two allies are building a "new paradigm of cooperation."Mark Lippert, the U.S. ambassador, noted that cooperation on the so-called New Frontiers including space, cyber and health would bring benefits not just to bilateral ties but also to the Asia-Pacific region as a whole."We are working together to make a real difference in our bilateral relationship and in the gl
Diplomatic CircuitJuly 21, 2016