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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US Supreme Court to hear Samsung’s iPhone patent appeal on Oct. 11
[THE INVESTOR] The US Supreme Court will hear oral arguments in a drawn-out legal battle between Samsung Electronics and Apple on Oct. 11, the court announced recently as it posted its schedule for the October 2016 term. In March, the court announced it would hear the case, the first time the top court has looked at a design patent case since the 1800s. The rare decision comes after Samsung filed a request with the court last year to reexamine the case that it lost to Apple, which resulted in th
TechnologyJuly 18, 2016
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Samsung SDS denies merger with Samsung C&T
[THE INVESTOR] Samsung SDS, the IT solutions unit of Samsung Group, on July 18 once again denied speculation that it will spin off its logistics business to merge it with Samsung C&T, the group’s construction and trading unit and de facto holding company. “We have not been considering selling or splitting our logistics business to be merged with Samsung C&T,” the company said in a regulatory filing in the day. “We have no plan to do so in the future.” Samsung SDS headquarters in Jamsil, southern
TechnologyJuly 18, 2016
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Emart to bring in top drugstore chain Boots
[THE INVESTOR] Emart will usher in Walgreens Boots Alliance, the largest drugstore company in the world. It has signed a franchise partnership for the exclusive management of Boots stores in Korea, the nation’s largest discount chain announced on July 18. The first store in Korea will open in the first half of 2017 and will showcase its own lineup including No7 as well as international brands such as Soap & Glory, which will give Boots an edge in competing in the 900 billion won (US$792.04 milli
IndustryJuly 18, 2016
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Olympic football team to work on defense in Brazil
Korean Olympic football team boss Shin Tae-yong on Monday said his players will focus on enhancing their defensive play when they arrive in Brazil for the Summer Games.Korea have been paired in Group C with Fiji, Germany and Mexico at the men's football tournament of the Rio de Janeiro Summer Olympics. They departed for Brazil Monday and will land in Sao Paulo, the site of the team's training camp, the following day. "In the tournament, you need to have strong defense to collect good results," S
SoccerJuly 18, 2016
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Seoul to change preferential income tax for foreigners
[THE INVESTOR] South Korean government is planning to change the preferential income tax for foreign nationals working here, local media reported on July 18. According to reports, the Ministry of Strategy and Finance reviewing three possible measures in altering the special income tax rate applied to foreign nationals who work for companies specified by the presidential decree. At present, foreign nationals working at relevant companies are taxed at fixed rate of 17 percent regardless of income.
IndustryJuly 18, 2016
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Park arrives in Seoul after five-day trip to Mongolia
President Park Geun-hye arrived in Seoul on Monday after wrapping up her five-day trip to Mongolia that focused on strengthening international cooperation in coping with North Korea's nuclear and missile threats and promoting free trade.During her first presidential trip to Ulaanbaatar, she attended the two-day Asia-Europe Meeting, which ended Saturday, and then began a two-day official visit, which was arranged on the invitation of her Mongolian counterpart Tsakhiagiin Elbegdorj. President Park
Diplomatic CircuitJuly 18, 2016
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Samsung to supply connected car solution to AT&T from August
[THE INVESTOR] Samsung Electronics will supply its own connected-car solution Samsung Connect Auto to US telecom behemoth AT&T from August in its latest push to make inroads into the futuristic car market.According to news reports on July 18, AT&T will offer the service based on a monthly payment plan. After gauging market reactions, Samsung aims to diversify corporate clients in the coming months. Samsung Connect AutoThe Korean tech giant first unveiled the Connect Auto solution during the Mobi
TechnologyJuly 18, 2016
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Reigning Olympic wrestling champion does not fear failure in Rio
Korean Greco-Roman wrestler Kim Hyeon-woo has won everything there is to win in his sport: an Olympic gold, a world championship, an Asian Games gold, and two Asian championships.Boasting such a glowing resume, the 27-year-old said Monday he's not afraid of losing at next month's Rio de Janeiro Summer Games.Kim, who won the 2012 London Olympic gold in the 66kg class, will be competing in the 75kg class at the Rio de Janeiro Olympics next month. He could make even more history there -- a gold wil
SportsJuly 18, 2016
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Park puts forward direction of Korea-Mongolia economic cooperation
President Park Geun-hye on Monday put forward her vision of bilateral economic cooperation between Korea and Mongolia, stressing the two countries should capitalize on their "complementary economic structure" to pursue co-prosperity.During a Korea-Mongolia business forum in Ulaanbaatar, Park underscored the need for the two nations to champion the "externally-oriented" economic policy to expand mutual trade, and bolster cooperation in infrastructure development and new industrial sectors such as
Diplomatic CircuitJuly 18, 2016
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Seoul says Pyongyang is ready for nuke test any time
South Korea's Ministry of Unification said Monday that North Korea could conduct its fifth nuclear test whenever it wants, amid growing speculations that the reclusive country may be planning another detonation following increased activity detected at its underground nuclear site."North Korea seems to be fully prepared to carry out a nuclear test at any time (when the order is given by its leader Kim Jong-un). South Korea is closely monitoring every move at the North's test site in close coopera
North KoreaJuly 18, 2016
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Korean antitrust watchdog rejects SKT's bid to take over No. 1 cable TV operator
Korea's antitrust watchdog on Monday said it has rejected SK Telecom Co.'s bid to buy the country's leading cable TV operator, raising concerns that the merger would undermine competition in the market.SK Telecom, the top mobile carrier with a market share of more than 50 percent, agreed to acquire a 53.9 percent stake in CJ HelloVision Co. from its parent firm CJ O Shopping, an affiliate of CJ Group, for 1 trillion won ($870 million) in November last year.SK Telecom said it seeks to become an a
IndustryJuly 18, 2016
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Samsung joins US gov’t body for next-generation tech
[THE INVESTOR] Samsung Electronics announced on July 18 that it will become a board member of the Advanced Wireless Research Initiative, led by the US government to facilitate next generation wireless technologies and develop a faster 5G mobile network.The new project will include contributions from over 400 researchers and tech and mobile majors like Nokia, Qualcomm, Intel, Oracle, AT&T, Verizon, Sprint and T-Mobile.Samsung Electronics will share its expertise in 5G network architecture and the
TechnologyJuly 18, 2016
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Rep. Joo to run for Saenuri leadership election
Rep. Joo Ho-young, one of the anti-President Park Geun-hye faction lawmakers within the ruling Saenuri Party, said Monday he will run in the leadership election slated for August, making him the sixth contender for the conservative party's top post."Amid the fast-changing world, the public will consider Saenuri to be an extreme right-wing party that supports the privileged if someone who already headed the party becomes the new leader," Rep. Joo said in a statement, apparently referring to Rep.
PoliticsJuly 18, 2016
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[EQUITIES] Solid footing in China to bolster AmorePacific’s Q2 earnings
[THE INVESTOR] AmorePacific, South Korea’s largest cosmetics maker, is expected to log strong second-quarter earnings thanks to its solid performance in China, a local securities firm BNK Securities said on July 18. On a consolidated basis, sales for the April-June quarter were estimated at 1.43 trillion won (US$1.26 billion), up 20 percent on-year while its operating profit will expand by 18.9 percent to 247.5 billion won, according to Lee Seung-eun, an analyst at BNK Securities. Three brands u
July 18, 2016