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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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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Arrival of fall calls for more outdoor festivals
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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Doosan Infracore Q2 net surges on asset sale, cost-saving measures
Doosan Infracore Co., Korea's top construction equipment maker, said Monday that its second-quarter earnings soared on the back of asset sales and reduced costs in the wake of tough restructuring.Net profit reached 224 billion won in the April-June period, compared with 9.5 billion won a year earlier, the company said in a regulatory filing.Operating income more than doubled to 174 billion won from a year earlier, while sales edged down 0.2 percent on-year to reach 1.62 trillion won.Doosan Infra
IndustryJuly 18, 2016
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Brazil graffiti artist paints massive Olympic mural
RIO DE JANEIRO (AFP) - Perched atop a cherry picker truck several stories high, Brazilian graffiti artist Eduardo Kobra sprays puffs of paint on a sprawling mural in the colors of the Olympic rings.With three weeks to go to the Summer Games in Rio de Janeiro, Kobra and his assistants are racing to put the finishing touches on the 3,000-square-meter painting that graces a wall in the city's newly overhauled port district.The mural depicts five indigenous faces representing the continents of the w
PerformanceJuly 18, 2016
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PyeongChang launches nat'l tour for Olympic mascots
The organizers of the 2018 PyeongChang Winter Olympics on Monday launched a nationwide tour for the event mascots in hopes they will help further drive up interest in the country's first Winter Games.The PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games kicked off the national promotion tour of its mascots Soohorang, a white tiger, and Bandabi, an Asiatic black bear, in a ceremony at Hoenggye Elementary School in the host city of PyeongChang some 180 kilometers ea
SportsJuly 18, 2016
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French thriller ‘Bastille Day’ may be pulled after attack
PARIS (AFP) - French film distributor Studiocanal has asked cinemas to pull the thriller “Bastille Day,” about a planned attack on the eve of France’s national holiday, after the real-life truck attack in Nice.The plotline of the film became even more chilling in attack-weary France after Tunisian Mohamed Lahouaiej-Bouhlel smashed a truck into a crowd enjoying Bastille Day fireworks on Thursday night, killing 84.“Bastille Day” was being shown in 237 cinemas.“We asked all cinemas to withdraw ‘Bas
FilmJuly 18, 2016
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More music on horizon for Newport jazz and folk fests group
Music lovers have flocked to Newport during Rhode Island summers since the 1950s to enjoy open-air performances by some of the music world’s biggest names. Miles Davis, Billie Holiday and Led Zeppelin thrilled audiences at the jazz fest, while Bob Dylan went electric at the folk festival. These days, the festivals are resurgent. The folk fest, which runs for three days starting Friday, sold out long before the announcement of the acts, which include Patti Smith, Alabama Shakes, Elvis Costello an
PerformanceJuly 18, 2016
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DSME to start work on $2.6b crude plant modules
Daewoo Shipbuilding & Marine Engineering said Monday it will kick off building oil plant modules that is worth $2.7 billion, the largest plant project in the company’s history. The shipbuilding firm said the shareholders of Tengizchevroil LLP -- Chevron Overseas Co., ExxonMobil Kazakhstan Ventures, LUKARCO B.V. and KazMunayGas NC -- had made the final investment decision on expanding the Tengiz oilfield in western Kazakhstan. The expansion project is worth $38.8 billion, the shipbuilder said. Yo
IndustryJuly 18, 2016
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Hyundai Motor chief says Genesis, eco-friendly cars key for survival
Hyundai Motor Group’s chairman Chung Mong-koo urged the carmaker’s global office heads to seek a breakthrough in the sluggish markets by strengthening the brand value of its luxury sedan and also by taking a lead in the green car segment.“The company should raise its brand profile in the global luxury car market through the successful launch of Genesis G80 and G90 in the U.S. market,” the chairman told the company’s 60 global office heads at its biannual meeting held on Monday. Hyundai Motor Gro
MobilityJuly 18, 2016
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[DECODED: SAMSUNG] Ownership structure
TechnologyJuly 18, 2016
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Korean consumer group denounces Visa Inc. for fee hike plan
A major financial consumer group in Seoul lashed out at Visa Inc. on Monday for its plan to raise the fees for overseas credit card purchases by South Koreans, warning that it may launch a nationwide campaign to boycott the global payment network.Visa announced that it would press ahead with the fee hike plan despite strong opposition from local card firms.The California-based company argued that it's inevitable to jack up the fee rate from 1.0 percent to 1.1 percent starting next year due to in
IndustryJuly 18, 2016
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Samsung Bioepis seeks approval of Humira biosimilar in Europe
Samsung Bioepis, the biopharma development unit of South Korean tech giant Samsung Group, said Monday it is seeking regulatory approval to sell its biosimilar drug referencing AbbVie’s top-selling rheumatoid drug Humira (adalimumab) in Europe. The Samsung unit said the European Medicines Agency has accepted for review the company’s marketing authorization application for its Humira biosimilar, SB5, drawing a step closer to commercializing the drug in the region.A Samsung Bioepis employee (Samsun
IndustryJuly 18, 2016
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DSME to resume US$2.7b Kazakhstan oil facility project
[THE INVESTOR] After two years of deadlock, Daewoo Shipbuilding and Marine Engineering is expected to resume the suspended construction of a crude oil production facility in Kazakhstan within the year.The company said on July 18 that it has recently received the green light to resume the Kazakhstan project, following a new investment decision made by shareholders of Tengizchevvroil, the operator of the US$36.8 million Tengiz oil field, the largest investment by an oil company since 2014.Tengizch
IndustryJuly 18, 2016
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Doosan Infracore’s Q2 operating profit more than doubles
[THE INVESTOR] Doosan Infracore ’s second-quarter operating profit jumped 126.9 percent from a year earlier, aided by recovering North American and European markets. On July 18, the company disclosed that its second-quarter operating profit came in at 173.5 billion won (US$ 152.71 million), and sales fell 0.2 percent from a year ago to come in at just under 1.62 trillion won. Doosan InfracoreThe company said that restructuring of its heavy industries and engine businesses facilitated the large i
IndustryJuly 18, 2016
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Korea, Mongolia hold biz forum
Korea's business community voiced hope Monday to expand economic partnerships with Mongolia and unite the Eurasian countries that have great potential to become a major global economic bloc."It is important for Eurasian countries to unite and connect to 'one continent' in order to develop Eurasia to the next level,"Park Yong-maan, president of the Korea Chamber of Commerce and Industry, said at a business forum held in the Mongolian capital of Ulaanbaatar.Park noted that the Eurasian region has
IndustryJuly 18, 2016
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10-year-old in coma due to oxygen gear glitch
A 10-year-old girl fell in to a coma due to a glitch in medical support gear while being transported via helicopter, according to a story shared on a community bulletin in North Jeolla Province, July 12.Written by the parent of the girl, the story claimed that the fire department‘s helicopter used to take the girl to a bigger hospital lacked an oxygen supply, which gravely exacerbated her medical condition. (Yonhap News stock image)The patient was to change from a hospital in South Jeolla Provi
Social AffairsJuly 18, 2016