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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Daelim gives back to society
Daelim Group, one of the nation’s major builders, is eager to pay back what it gained from business to society through various corporate social responsibility programs, group officials said Thursday.For this, the conglomerate is focusing on helping the underprivileged in society, fostering young talent and even protecting the environment.Daelim Industrial CEO Kim Han-gi (right) volunteers reconstructuring poor-conditioned house in Seongbuk-dong, northern Seoul. (Daelim Industrial)In particular,
IndustryJuly 21, 2016
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[Robert Cheek] Drone racing, an endless sky of opportunities
Once the domain of the world’s militaries, a new breed of drones have taken flight and are being raced in competitions around the world such as Korea’s GiGA Drone Race in Seoul last year, the World Drone Prix 2016 in Dubai and upcoming Drone Worlds world championship races in Hawaii this October. These high-performance racing drones are being created by the next wave of drone developers and are pushing the thresholds of robotics, aeronautical engineering, machine vision, battery technology, and
ViewpointsJuly 21, 2016
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[Kim Tae-woo] Neighbors’ THAAD opposition
On July 8, The South Korean Defense Ministry agreed to deploy the controversial Terminal High Altitude Area Defense system on the Korean Peninsula. China’s response was strong and immediate. It protested the move publicly, and also lodged formal complaints with the ambassadors of South Korea and the U.S. North Korea was also furious, saying that the deployment is “tantamount to a proclamation of war and a major act of crime that could never be forgiven.” Russia took that opportunity to side with
ViewpointsJuly 21, 2016
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Court again rejects Korean A-bomb victims' suit against gov't
A Seoul court on Thursday ruled in favor of the government and dismissed a compensation suit filed by Koreans who survived the 1945 U.S. atomic bombings in Japan.The Seoul Southern District Court turned down the suit filed by 230 victims of the Hiroshima and Nagasaki atomic bombings, seeking 10 million won ($8,700) each in compensation.They said the government neglected its duty to take active measures against Japan to settle the issue by referring the matter to an arbitration committee.The plai
Social AffairsJuly 21, 2016
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[Markos Kounalakis] Books and ideas can be the ultimate threat
Book publishers are an endangered species. Amazon.com may be the most immediate worry for anyone in the book publishing business, where fear of the Internet retail giant’s power over content and distribution is pervasive. As a former publisher, I understand the economic challenges of today’s marketplace.Global publishing industry fears, however, go beyond the mere concerns surrounding profit margins and shelf placement. In Hong Kong, publishers and booksellers have a deeper, more immediate worry
ViewpointsJuly 21, 2016
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POSCO Q2 net jumps 88% on-year
Korean steelmaking giant POSCO reported Thursday that its second quarter profit soared from a year earlier.Net income came to 220.54 billion won ($193.92 million) in the April-June period on a consolidated basis, up 87.9 percent from 117.39 billion won in the same period last year, the company said in a regulatory filing.From the previous quarter, however, the Q2 profit marks a 34.8 percent plunge.Sales tumbled 15.4 percent on-year to some 12.86 trillion won in the three months ended June 30.Ope
IndustryJuly 21, 2016
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LG joins Samsung to develop foldable smartphone: report
[THE INVESTOR] LG Electronics, which has struggled to elevate its smartphone sales for years, is said to have recently jumped into developing foldable display possibly to adopt it for its future mobile devices. The Electronic Times reported on July 21 that LG Display, the Korean tech giant’s sister display-making unit, has started its own foldable display development following last year’s setting up of a related task force team. LG Display’s foldable display technologyCiting unnamed sources, the
TechnologyJuly 21, 2016
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Sampyo Group’s 3 affiliates to go public
[THE INVESTOR] Three affiliates of Sampyo Group are planning initial public offerings on Seoul’s main bourse before the group floats its own shares, sources said on July 21. The key affiliates -- Sampyo P&C, Sampyo E&C and Sampyo Industry -- are looking at listing as a way to boost the group’s market value by raising funds. According to investment bank officials, Sampyo Group, a holding firm, sent out a request for proposals to seven brokerage houses to hire underwriters for the three IPOs.Sampy
July 21, 2016
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Vehicle seat belt alarms to be mandatory
[THE INVESTOR] Seat belt alarms are to become mandatory for all seats in passenger vehicles, the Ministry of Land, Infrastructure and Transport said on July 21. The ministry said that following the global standard change it will make regulatory changes to make seat belt alarms for all seats mandatory in vehicles produced in South Korea. According to the ministry, the United Nations Economic Commission for Europe is set to make the changes to international standards in November.Although the stand
MobilityJuly 21, 2016
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Hyundai, Samsung, Ssangyong rolling out summer edition cars
[THE INVESTOR] Automakers are rolling out special edition cars for the summer, according to the industry on July 21.Hyundai Motor, South Korea’s largest automaker, recently released a special edition of its midsize sedan Sonata, which will go on sale until October. The special edition is installed with ventilated seats and a dual air conditioning system for driver and passengers to enjoy the cool ride under the scorching sun. The new Sonata features automatic defogging system to detect fog and m
MobilityJuly 21, 2016
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Seoul stocks drop for 3rd consecutive day ahead of ECB meeting
[THE INVESTOR] South Korean stocks edged down on July 21, sliding for a third consecutive session as investors took to the sidelines ahead of the European Central Bank’s policy meeting later in the day. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index fell 1.43 points, or 0.07 percent, to close at 2,015.46. Trade volume was light at 388 million shares worth 3.84 trillion won (US$3.38 billion), with losers outnumbering gainers 422 to 371. The European Cent
July 21, 2016
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[Herald Review] Complexities of war lost in ‘Operation Chromite’
The upcoming Korean War film “Operation Chromite” takes on the loaded subject matter with a studded cast of Korean A-listers and Hollywood actor Liam Neeson, best known to Korean audiences for his 2008 thriller “Taken.” It clearly aims to be a commercial blockbuster, armed with glitzy visuals, loud battle scenes, budding wartime romance and easily imaginable characters. It is, however, all style and very little substance. And like most recent Korean films that draw on conflict with the North --
FilmJuly 21, 2016
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Bank chiefs see slowing household debt
[THE INVESTOR] Household debt increase rate will drop during the second half of the year, the chiefs of South Korean commercial banks said on July 21.Speaking at a meeting with Bank of Korea Gov. Lee Ju-yeol, they forecast a drop in the rate due to the efforts made by the government and banks. Saying that the effects of the measures rolled out by the financial authorities and the banks’ risk management will start to show during the second half despite the rapid increase seen during the first six
July 21, 2016
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Civic group to promote Dokdo online
A Korean civic group on Thursday said it has kicked off a new campaign to promote the global awareness of the country's easternmost islets of Dokdo, which lie in the East Sea.The nongovernmental organization Voluntary Agency Network of Korea, which claims to be a "cyber diplomatic organization," said it has selected 400 students, from middle schools to universities, who will help spread the right information about the islets.While Korea has been in effective control of the islets with a small po
Social AffairsJuly 21, 2016
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[Herald Review] ‘Bare the Musical’: a must-tell high school love story
A star athlete, valedictorian and the most popular guy in school, Jason is the envy of every boy in school and the target of school girls’ affection. However, despite all the girls thrusting themselves at him, every time Jason walks down the hallway, he only has eyes for one -- Peter. The critically acclaimed Off Broadway production “Bare the Musical” has once again returned to the Seoul stage to tell the tale of two Catholic boarding school students Jason (played by Seong Du-seop) and Peter (pl
PerformanceJuly 21, 2016
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Korea's top diplomat joins ASEAN meetings next week
Korea's Foreign Minister Yun Byung-se will attend ASEAN meetings including a regional security forum to be held in Laos next week where he will discuss cooperation and issues of mutual concerns, his office said Thursday.Top diplomats from Asia-Pacific countries and the European Union will meet in Vientiane, the capital of Laos, and hold a series of meetings led by the Association of Southeast Asian Nations over the weekend. The ASEAN Regional Forum, the region's largest security gathering, will
Diplomatic CircuitJuly 21, 2016
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Gov't to draw up 3D map for drones
The government said Thursday that it will draw up a 3D map to provide safe roads for drones, in line with the effort to boost the fledgling industry.The Ministry of Land, Infrastructure and Transport said it selected a civilian subcontractor that will provide detailed aerial data for the compilation of the 3D map.Currently, only a 2D map is available for flying drones, raising concerns over possible collisions or casualties."The spacial 3D data for drones will contain information such as the hei
Social AffairsJuly 21, 2016
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Man arrested for unpremeditated murder after trying to wake drunken man
A 39-year-old man was arrested for the unpremeditated murder of a drunken man, Cheongju Cheongwon Police said Thursday. The 44-year-old victim had reportedly passed out on the streets in Ochang-eup, Cheongwon-gu, after midnight on July 14. (Yonhap)The accused had allegedly tried to wake the victim. But as the drunken man fought back vehemently with punches, the accused returned a blow. The victim fell and hurt his head. He was taken to the hospital but died two days later. The police is investi
Social AffairsJuly 21, 2016