Most Popular
-
1
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
-
2
[KH Explains] Can smart chargers ease tensions over EV fires?
-
3
1 in 5 households to have breadwinner over 80 in 30 years
-
4
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
-
5
Middle East’s big AI push lures Korean tech firms
-
6
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
-
7
Arrival of fall calls for more outdoor festivals
-
8
New Fifty Fifty off to strong start
-
9
Assembly to review disputed appointment of national soccer team coach
-
10
Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
-
[Monitor] Producer prices drop in June
Korea’s producer prices dropped slightly from a year earlier in June on a large cut in prices of coal and petroleum products, central bank data showed Tuesday. The June index marked a slight increase from a revised 98.79 in the previous month.
July 19, 2016
-
[News Focus] Will China’s memory chips push threaten Samsung?
China’s latest move to contend in the memory chips segment could threaten the dominant positions of two South Korean firms in the global market --Samsung Electronics and SK Hynix -- and incur a possible technology leak through the departures of local professionals to the neighboring country, market watchers warned Tuesday.China’s chip-maker JHICC recently broke ground for its DRAM plant with an investment of around 6 trillion won ($5.2 billion), aiming to produce 60,000 sheets of 12-inch (30-cen
TechnologyJuly 19, 2016
-
N. Korean defectors experience barracks life with special forces
Teenage North Koreans who defected to the South are experiencing barracks life first hand with the country's special forces in a program aimed at boosting their confidence so they can better adjust to life here, the Army said Tuesday.It said 41 students from Yeomyung School in Seoul are training with troops of the 3rd Brigade of the country's Special Warfare Command. "They arrived at the barracks on Monday and will stay till Wednesday to learn about military discipline and even undergoing mock t
North KoreaJuly 19, 2016
-
Lawyer indicted for opening real estate agency
Prosecutors said Tuesday they have indicted a lawyer for opening a realty agency without a license. The Seoul Central District Prosecutors' Office said Kong Sung-bae is indicted on charges of violating the Licensed Real Estate Agents Act, which reserves brokerage services exclusively for certified realtors.In December, the 44-year-old launched a website and started advertising Trust Lifestyle, the first real estate agency run by lawyers in South Korea. Under local law, any person who intends to
Social AffairsJuly 19, 2016
-
Ex-Lotte Chemical chief summoned over accounting fraud allegations
[THE INVESTOR] Ki Joon, a former chief of Lotte Chemical was summoned by prosecutors Tuesday to be questioned on accounting fraud allegations.Ki Joon appeared before the Seoul Central District Prosecutors’ Office as a suspect. Former chief of Lotte Chemical Ki Joon (Park Hyun-koo/The Korea Herald)“I will tell all the facts,” he told reporters before entering the prosecutors’ office. KP Chemical, the precursor of Lotte Chemical, is suspected of using doctored accounting records when filing a suit
July 19, 2016
-
Medytox Q2 earnings to beat expectations
[THE INVESTOR] Korean biopharmaceutical firm Medytox is likely to post stronger-than-expected earnings in the second quarter on robust growth of its hyaluronic acid dermal filler brand Neuramis, a local brokerage NH Investment & Securities said on July 19. “Medytox’s Q2 sales and operating profit were estimated at 31.2 billion won (US$27.43 million) and 18.4 billion won, respectively, up 42.8 percent and 31.4 percent on-year,” said Lee Seung-ho, an analyst at the securities firm. NH Investment &
July 19, 2016
-
Daewoo E&C Q2 results to be in line with expectations
[THE INVESTOR] South Korean builder Daewoo E&C’s second-quarter earnings will meet market expectations, LIG Investment & Securities said on July 19. The securities firm expected that Daewoo E&C would post 2.73 trillion won (US$2.42 billion) in sales in the April-June period, up 5.8 percent from a year earlier. Its operating profit is likely to fall 5.6 percent to 98.4 billion won. “The Q2 earnings will be on a par with market consensus because of improved revenue from domestic housing and constr
July 19, 2016
-
Man arrested for petty theft of $6
A man was arrested for stealing 7,000 won ($6) from a restaurant, Gwangju Bukbu Police said on Tuesday. According to the police, the 32-year-old surnamed Song went through a great deal of trouble to break in and steal the money from a fried chicken restaurant in Buk-gu, Gwangju, at around 5:20 a.m. on July 12. (Gwangju Bukbu Police)Song covered his head with a yellow plastic bag, jumped over a wall, picked a lock and removed a safe from the restaurant. He accidentally dropped the safe while run
Social AffairsJuly 19, 2016
-
‘Pororo Go’ to launch in Korea, riding on ‘Pokemon Go’ craze
Encouraged by the explosive popularity of Nintendo’s augmented-reality mobile game “Pokemon Go,” a South Korean tech start-up plans to introduce a similar game based on the country’s iconic animation “Pororo the Little Penguin.”SocialNetwork Co., a local start-up which specializes in augmented-reality technology, said Monday that it has begun developing “Pororo Go” in conjunction with the animation’s producer Iconix Entertainment.Pororo the Little Penguin” (Iconix Entertainment)“While ‘Pokemon G
TechnologyJuly 19, 2016
-
[Photo News] Monetary policy
Bank of Korea Gov. Lee Ju-yeol speaks about Korea‘s monetary policy during an international forum co-hosted by the central bank, the Korea Institute for International Economic Policy and the U.S.-based Peterson Institute for International Economics in Seoul on Tuesday. (Yonhap)
July 19, 2016
-
BOK calls for fiscal response to rising economic challenges
Bank of Korea Gov. Lee Ju-yeol said Tuesday that the central bank will maintain its monetary easing to support the economy, but its policy alone is not enough to counter possible instability on growing economic uncertainties.In a conference on the monetary policies of small open economies, the country’s top monetary policymaker said that an effective mix of macroeconomic policies are needed to manage financial risks and carry out structural reform.“There are limits to facing multiple economic ch
July 19, 2016
-
DSME faces more lawsuits from investors
Daewoo Shipbuilding and Marine Engineering faced three additional compensation lawsuits from institutional investors over the massive accounting fraud, following the first one earlier this month, sources said Tuesday. Government Employees Pension Service and Teachers’ Pension filed the lawsuit against the ailing company for compensation of some 22 billion won ($19 million). Korea Post also separately sought 400 million won in compensation. This has led to over 70 billion won in compensation laws
IndustryJuly 19, 2016
-
LG Electronics releases 77 inch OLED TV
LG Electronics has released a 77 inch TV powered by organic light-emitting diode technology, priced at 41 million won, the company said Tuesday.The product is the latest TV model in its LG SIGNITURE product lineup and a sequel to a 65 inch OLED TV released in March.Starting with South Korea, the electronic giant plans to release the premium TV in markets in the U.S., Europe and Asia, to expand its presence in the high-end TV category. The LG SIGNATURE OLED TV boasts luxury but sophisticated desi
TechnologyJuly 19, 2016
-
Hyundai Motor, HHI unions strike
The unions of Hyundai Motor and Hyundai Heavy Industries on Tuesday launched a partial strike against the rupture of the wage negotiation. Two shift teams of the carmaker union staged the strike for two hours each while the heavy industries union did for three hours. This is the first collective strike of the two unions in 23 years when the federation of Hyundai Group’s unions launched it in 1993. The two unions hold a press conference before staging a collective strike in Ulsan, Tuesday. (Yonha
IndustryJuly 19, 2016
-
Nexon to release ‘Chaos Chronicle’ in 136 countries next month
[THE INVESTOR] Nexon will release its new mobile role-playing game “Chaos Chronicle” in 136 countries, it announced on July 16. China was not included in the list. Developed by Wing Studio, this horizontal scroll game collects and nurtures 103 heroes into the strongest team, and is available in eight languages including Korean, English, Japanese, and Thai.NexonIn advance to the official release, pre-registration is available at the game’s website https://ccc.nexon.com until Aug. 3. All the regis
TechnologyJuly 19, 2016