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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Middle East’s big AI push lures Korean tech firms
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Evicted guest burns down inn; 3 killed
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Chinese firms line up for Korean insurer ING Life
[THE INVESTOR] The sale of South Korean insurance firm ING Life Korea, which may be worth up to 3 trillion won ($2.62 million), has drawn attention from Chinese buyers, sources said on June 20. Hong Kong-based private equity firm JD Capital, leading investment group Fosun and Taiping Life are in negotiations or conducting due diligence on the Korea’s fifth-largest insurance company by assets. Asian buyout firm MBK Partners plans to sell its stake in ING Life Korea by the end of this year by comm
July 20, 2016
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Finance union leaders vow to go on strike in September
About 250 financial union leaders pledged to go on strike in September to thwart the introduction of the performance-based pay system and other measures that may result in layoffs, a union official said Wednesday.On Tuesday, 83 percent of more than 95,000 unionized financial workers voted in favor of a strike.The results of the vote illustrated that the resentment of unionized workers has reached a limit, said Oh Chi-hwa, a spokesman of the Korean Financial Industry Union.Oh said the union membe
July 20, 2016
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S. Korea's top brass convenes emergency meeting on N.K. provocations
South Korea's military on Wednesday held an emergency meeting of top commanders from all service branches to discuss ways to better deal with North Korea's relentless military provocations, including the latest missile launch, officials said. In the video conference call held at Seoul's Joint Chiefs of Staff, top commanders from the Army, Navy, Air Force and Marine Corps said they are expecting additional military provocations from the North ahead of the Ulchi-Freedom Guardian joint military dr
DefenseJuly 20, 2016
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Electric car chargers to be available at telephone poles
Electric car chargers will likely be available at telephone poles across the country soon, a state-run power company said Wednesday. Korea Electric Power Corp. said it is currently developing electric car chargers that can be installed at telephone poles. Once developed, about 30,000 telephone poles near parking lots will be equipped with the chargers. There are about 9 million telephone poles across the country. (KEPCO)The idea for the “telephone pole charger” was brought up by a KEPCO employe
IndustryJuly 20, 2016
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Hyundai Mobis opens logistics hub in Belgium
[THE INVESTOR] Hyundai Mobis has built a central logistics center in Belgium to serve as the logistics hub in Europe, it announced on July 20. Spread over 56,000m² in Beringen in northern Belgium, the center will receive parts daily and distribute them to regional centers in UK, Germany, Spain, Italy, Sweden and Hungary. The inside of Hyudai Mobis's Belgium central logistics center / Hyundai MobisSouth Korea’s largest auto parts supplier has been delivering motor parts for after service three ti
MobilityJuly 20, 2016
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Korean workers earn 32.8 mln won on annual average: poll
The average salary of Korean workers stood at 32.8 million won ($28,000) in 2015, up 1.5 percent from a year earlier, a survey showed Wednesday. The median income, however, was 25 million won, far below the average salary level, according to the Federation of Korean Industries. (123rf)The number of those who earned 100 million won or more came to 390,000, or 2.7 percent of the total. The country's major business lobby group analyzed income data from the labor ministry for 14.6 million workers na
July 20, 2016
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Seoul stocks down for 2nd day on IMF outlook cut
Korean stocks edged down on Wednesday, sliding for a second consecutive session, as investor sentiment was hurt by the International Monetary Fund's downward revision of its economic outlook. The Korean won fell against the U.S. 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 309 million shares worth 3.44 trillion won ($3.01 billion), with losers outnumbering gainers 425 to 357. (Yonhap)The local stock mark
July 20, 2016
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Audition-winning BewhY will carry on with ‘nice’ rap
BewhY wants to continue spouting his own brand of “nice” rap. The 23-year-old, whose real name is Lee Byung-yoon, nabbed the spotlight as the leading contestant during the fifth season of hiphop audition program “Show Me the Money,” which began airing on Mnet in May. He eventually nabbed the top prize in last week’s final episode.The rookie rapper has been open about his Christian faith on the show. He wants to carry on writing lyrics that both convey his own beliefs and resonate with the wider
PerformanceJuly 20, 2016
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Man arrested for murder of ex-girlfriend’s sister
A 55-year-old man has been arrested for the murder of his ex-girlfriend’s younger sister, Incheon Samsan Police said Wednesday. The police said the suspect confessed to murdering the victim because his ex-girlfriend would not return his calls or meet him. He chose the younger sister as his target because she lived by herself, unlike his ex-girlfriend who lives with her son. The suspect was caught on surveillance camera. (Yonhap)According to the police, the murder took place at around 5 p.m. on M
Social AffairsJuly 20, 2016
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Hyundai Mobis eyes non-Korean carmakers for growth
[THE INVESTOR] Hyundai Mobis, South Korea’s largest automotive parts supplier, aims to target American and Japanese automakers to widen its business beyond local affiliates Hyundai Motor and Kia Motors. Hyundai Mobis, which is highly dependent on local automakers, plans to increase sales of its auto parts to non-Korean manufacturers by 1.5 times by 2025, local news reported on July 25. According to reports, Hyundai Mobis’ overseas sales account for only about 10 percent of total sales, while the
MobilityJuly 20, 2016
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Nick Offerman finds the voice of Tom Sawyer
If you imagine Nick Offerman is a real-life version of Ron Swanson, the mustachioed, macho character on “Parks and Recreation,” think again. Sure, he likes the outdoors, and yes, he has a wood shop in Los Angeles. But those things are connected to growing up in Illinois, not so far, really, from the American heartland portrayed by Mark Twain. And Offerman knows Twain; he’s a big reader.It makes sense, then, that Offerman has just recorded “The Adventures of Tom Sawyer” for Audible, the audiobook
BooksJuly 20, 2016
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Majority of Korean high schoolers spend summer studying in-doors: survey
A substantial number of Korean high school students were found to spend their summer holidays studying in-doors, according to Toz Service Group on Wednesday.Conducted between July 2 and July 15 targeting 5,800 high school students using Toz Study Center, the survey showed 77 percent of the respondents (4,466) said their way of combating the summer heat was by hitting the books at an air-conditioned study center.(123RF)Toz provides customized, cafe-like space for group studies and office meetings
Social AffairsJuly 20, 2016
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Gay Ecuadorian author overcomes barriers and publishes novel
NEW YORK (AP) -- As a deaf and gay student in Ecuador, Cesar Baquerizo was bullied and a victim of societal prejudice.Now, after five years of writing, Pen Name Publishing has released his first novel in English, “A Safe Place With You.”The book talks about homosexuality in Ecuador in the ’80s, when it was illegal.“I want to move readers through my words, so they can put themselves in LGBT people’s shoes and feel like they are there, in the novel, with my characters,” Baquerizo, 30, told the AP
BooksJuly 20, 2016
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Seoul duty-free shop offers $20,000 for part-timers
Galleria Duty Free 63, a duty-free store run by Hanwha Galleria, said Wednesday it will offer three part-time ad jobs that pay $20,000 for one week each, as part of its marketing and brand-advertising efforts. People aged 18 and above in Korea, Japan and China can apply for the positions by Aug. 15 via the company's website (goldenchance.galleria-dfs.com), company officials said. (Yonhap)If selected, the three people will earn $20,000 each while shopping at the duty-free store or visiting major
IndustryJuly 20, 2016