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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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Evicted guest burns down inn; 3 killed
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Antitrust watchdog probes Google over anti-competitive behavior
Korea's antitrust watchdog on Thursday said it conducted an investigation into Google Inc. over allegedly forcing smartphone makers to use its operating system in their handsets.The Fair Trade Commission conducted the inspection of Google's local headquarters in southern Seoul last week, two years after the commission acquitted the global giant of the same charge.In 2013, after two years of investigation, the FTC acquitted Google of hurting fair market competition by obliging mobile phone makers
IndustryJuly 21, 2016
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BOK chief calls for banks to maintain financial health
The head of Korea's central bank said Thursday that local banks should keep their financial status healthy to weather any possible external impact."It is important for banks to maintain a clean bill of health in terms of assets and a proper level of debt-to-equity ratio to cope with financial volatility," Bank of Korea Governor Lee Ju-yeol said in a meeting with chiefs of major banks in Korea.The chiefs of the major banks shared the view that they need to strengthen efforts to cut costs, citing
July 21, 2016
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S. Korean auto market to shrink this year: think tank
[THE INVESTOR] South Korea’s automobile market will shrink for the first time since 2013, the Korea Automotive Research Institute forecast in a report on July 21.The Hyundai Motor Group’s think tank estimated an 8.7 percent drop in domestic sales during the second half of the year, offsetting the large increase seen in the first six months of the year. Hyundai, Kia cars wait to be shipped at a port in Ulsan.According to the institute’s estimates, the year-on-year drop expected in the second half
MobilityJuly 21, 2016
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[EQUITIES] JB Financial Group to beat Q2 earnings expectations
[THE INVESTOR] JB Financial Group is likely to report stronger-than-expected second quarter earnings, propelled by a robust asset growth, local brokerage house Mirae Asset Securities said on July 21. “The group is expected to post 42.5 billion won (US$37.25 million) net profit in Q2 to exceed the current market consensus forecast of 40.3 billion won,” said Kang Hye-seung, an analyst at Mirae Asset said. Kang said JB Financial Group’s profit surged as its subsidiary Gwangju Bank showed a high gro
July 21, 2016
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Mobile operators likely to report stable Q2 earnings
Korea's three telecom operators are likely to report stable earnings in the second-quarter of this year, helped by curbs on their marketing spending, an industry survey showed Thursday. Korea implemented a law early last year that kept fierce competition among telecom firms by wooing customers with hefty subsidies in check. The combined revenue of SK Telecom, KT and LG Uplus is expected to grow 2.3 percent on year to 12.6 trillion won ($11.04 billion) in the April-June period, according to secur
IndustryJuly 21, 2016
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Korea's automobile output shrinks on overseas production
Korea's automobile output is on a decline but largely due to a rise in overseas production, industry data showed Thursday.In 2015, the country's overall automobile output came to 4,555,957 units, down 2.2 percent from 4,657,094 in 2011, according to the data from the Korea Automobile Manufacturers Association.Korea and Germany were the only countries among the world's top five automaking countries whose annual output dropped.China, the world's largest automaker, had its production spike 33 perce
TechnologyJuly 21, 2016
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Army chief to visit Korean solders in UAE, Lebanon
Korea's Army chief of staff will visit two Korean military contingents in the Middle East from July 21-26 to boost troop morale and meet local military officials to strengthen bilateral ties, the military said Thursday. Army Chief of Staff Gen. Jang Jun-gyu will make a six-day trip to the Dongmyung Unit in Lebanon and the Akh Unit in the United Arab Emirates. There he will not only give pep talks to the troops but also work to expand bilateral cooperation between South Korea and the two countrie
DefenseJuly 21, 2016
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Heroine packs a comic punch
“Someone Please Have Sex With Me” By Gina Wynbrandt2dcloud Comics & Graphic Novels (140 pages, $17.95)A girl and her Justin Bieber crush don’t exactly sound like the sort of material that darkly funny comics are made of. But Gina Wynbrandt’s first book takes seemingly innocuous girl culture and transforms it into something humorously abject.“Someone Please Have Sex With Me,” as her slim book is titled (2dcloud Comics & Graphic Novels; 140 pages, $17.95), gathers five stories about a hapless char
BooksJuly 21, 2016
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U.S. spoof of Korean dramas provides comic relief
An American-Korean web drama capturing the cliches of Korean soap operas has been providing comic relief to viewers with its witty spoofs of what makes K-dramas popular here and in other parts of the world."Dramaworld," produced by the U.S.-based video streaming site Viki, bares it all -- from the handsome but arrogant male lead who refuses to inherit his family business and sets up a high-class restaurant, to the two women vying for his attention, in and outside the kitchen. (Yonhap)The 10-part
TelevisionJuly 21, 2016
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'The Big Book of Science Fiction' a portal to endless reading pleasure
"The Big Book of Science Fiction" Edited by Ann and Jeff Vandermeer; Vintage (1,216 pages, $25)Surprisingly, the literary spirit that haunts Ann and Jeff Vandermeer's massive new anthology, "The Big Book of Science Fiction," isn't Arthur C. Clarke or Isaac Asimov or even H.G. Wells.It's Jorge Luis Borges, the creator of miniature fables of humans grappling with their double-edged longing for and terror of infinity and omniscience. He's represented by a signature story, name-checked in another on
BooksJuly 21, 2016
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LG Chem Q2 net jumps 9.3% on petrochemical margins
LG Chem Ltd., Korea's leading chemicals and battery maker, said Thursday its net profits soared 9.3 percent in the second quarter from a year earlier thanks to improved petrochemical margins amid low oil prices. Net income came in at 386 billion won ($338 million) on a consolidated basis in the April-June period, compared with a profit of 353 billion won a year earlier, the company said in a regulatory filing. (Yonhap)Operating income advanced 9.3 percent on-year to reach 616 billion won, while
IndustryJuly 21, 2016