Most Popular
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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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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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Man arrested 16 years after murdering girlfriend, hiding body in cement
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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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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
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China shows no signs of trade retaliation: trade ministry
Korea has detected no signs of China's retaliatory movement in trade following Seoul's decision to deploy an advanced U.S. missile defense system, the trade ministry here said Monday.Seoul and Washington have decided to place the Terminal High Altitude Area Defense on Korean soil by 2017, saying that the deployment is aimed at countering North Korea's growing nuclear and missile threats.The issue has attracted opposition from China, which argues that the system could target neighboring countries
Diplomatic CircuitJuly 18, 2016
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Seoul stocks inch up on tech gains
Korean stocks rose slightly Monday as Samsung Electronics and other tech stocks continued to advance, offsetting a decline in automakers and other market heavyweights. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index rose 3.85 points, or 0.19 percent, to close at 2,021.11. Trade volume was moderate at 376 million shares worth 3.49 trillion won ($3.07 billion), with gainers outnumbering losers 443 to 355.The local stock market opened lower on profit-taki
July 18, 2016
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[Photo News] New Cadillac CT6
General Motors Korea’s chief James Kim (left) poses with GM’s new flagship sedan Cadillac CT6 at its launch event at the Grand InterContinental Seoul on Monday. The price of the sedan, which is slated to go on sale in August, starts from 78.8 million won ($69,000) for the premium model and 95.8 million won for the platinum model. (GM Korea)
MobilityJuly 18, 2016
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Shinsegae Food to launch new brand
Shinsegae Food will be jumping into the food market with a new brand set to roll out in September, according to the company.This is the first time in the company’s 21-year history that it is creating its own brand, although it had previously launched the brand Peacock for its supermarket affiliate E-mart, and manufactured other generic products.The new brand is expected to focus on the home meal replacement market, which has picked up momentum this year.While Peacock faced difficulties widening
IndustryJuly 18, 2016
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P&G defends safety of Febreze
CINCINNATI -- Multinational consumer goods company Procter & Gamble said its fabric refresher Febreze is scientifically safe for use, amid growing public concern in Korea over its possible toxicity.P&G headquarters said that the ingredients of Febreze are strictly controlled and within the safety range so it is not toxic when inhaled.The P&G Ivorydale Technical Center in Cincinnati, Ohio, U.S. (P&G)“All ingredients used in Febreze products have been thoroughly assessed to be safe for consumers u
IndustryJuly 18, 2016
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Naver secures digital history, energy
CHUNCHEON, Gangwon Province -- At the foot of Mount Gubong in Chuncheon, Gangwon Province stands an oddly-shaped building guarded with heavy security -- Naver’s Data Center Gak. It is where South Korea’s leading search engine and web portal Naver operates thousands of servers that store and manage its expansive data from services including emails, online blogs, cloud services and search queries.Naver’s Data Center Gak in Chuncheon, Gangwon Province (Naver)To symbolize the spirit of the data cent
TechnologyJuly 18, 2016
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Moody’s to be sole owner of Korea Investors Service
[THE INVESTOR] Moody’s Investors Service will become sole owner of Korea Investors Service, local media reported on July 18. According to reports, NICE Holdings agreed to sell all Korea Investors Service shares held by its subsidiary NICE Infra to Moody’s. NICE Infra currently holds one share less than half of Korea Investors Service. Once the deal is complete, Korea Investors Service will wholly owned by Moody’s. The global ratings agency first acquired a stake in Korea Investors Service in 199
July 18, 2016
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Antitrust watchdog disapproves SKT-CJ HelloVision merger
[THE INVESTOR] South Korea’s antitrust watchdog said on July 18 that it has decided to officially oppose the planned merger between SK Broadband, an IPTV unit of SK Telecom, and CJ HelloVision, the nation’s No. cable TV operator, citing monopoly concerns in the media and telecom markets.After holding a meeting early in the day, the Fair Trade Commission announced its final decision, wrapping up a reviewing session that lasted more than seven months.CJ Hellovision headquarter“The FTC has decided
TechnologyJuly 18, 2016
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Justice minister apologizes over prosecutor's scandal
Korea's justice minister on Monday apologized over the scandal that one of the country's senior prosecutors took bribes from a leading online game maker and used the money to make stock investments."We will accept all criticism, and make various efforts to build up public trust in the prosecutors' office," Justice Minister Kim Hyun-woong said, adding he will tighten control over prosecutors to prevent similar cases breaking out in the future.On Sunday, Jin Kyung-joon, 49, was arrested for amassi
Social AffairsJuly 18, 2016
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[Herald Interview] Wolfgang’s USDA steaks speak for themselves: CEO
Wolfgang‘s Steakhouse in Seoul is an unusually large restaurant, especially for the upscale Cheongdam-dong area of Seoul. Step inside and walk past the mahogany reception desk, and the main dining hall seems to spread out endlessly, countless tables covered in white tablecloths floating above wooden floors. Overhead, private dining rooms line the second floor.“Our Seoul branch is about twice the size of some of our other restaurants,” said Peter Zwiener, who currently heads up the franchise, on
IndustryJuly 18, 2016