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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[Jeffrey D. Sachs] Persistence of IS underscores flaws in U.S. policy
Deadly terrorist attacks in Istanbul, Dhaka, and Baghdad demonstrate the murderous reach of the Islamic State group in Europe, North Africa, the Middle East, and parts of Asia. The longer IS maintains its strongholds in Syria and Iraq, the longer its terrorist network will create such carnage. Yet IS is not especially difficult to defeat. The problem is that none of the states involved in Iraq and Syria, including the United States and its allies, has so far treated IS as its primary foe. It is
ViewpointsJuly 17, 2016
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[Noah Feldman] International law isn’t quite law, but it’s no joke
An international court rules that China broke the law by building islands in the South China Sea. China doesn’t care. Does that make international law a joke? The answer is yes and no.International law is not the command of a sovereign backed by the threat of force. It usually cannot force countries to obey its dictates and decisions. That makes it different from domestic law.But international law still matters. The decision against China by a Hague tribunal for violating a treaty, the United Na
ViewpointsJuly 17, 2016
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KITA to push for global MICE center in Seoul
The Korea International Trade Association plans to establish a new venue for global events and exhibitions in Seoul and foster 500,000 small, promising companies by 2030, the umbrella economic organization said Sunday. “We will push for setting up a global-level complex for MICE -- meetings, incentives, conferencing, exhibitions -- in Jamsil, Seoul,” said Kim In-ho, a chairman of KITA, at an event to mark the 70th anniversary in Seoul. KITA’s chairman Kim In-ho speaks to the audience at its eve
IndustryJuly 17, 2016
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U.S. beef imports soar on rising hanwoo price
[THE INVESTOR] U.S. beef imports increased significantly as South Koreans turned away from their expensive local beef hanwoo, industry data showed last week. U.S. beef imports increased by 25.7 percent from January to May this year from the same period last year, to reach 61,062 tons, according to a report by the National Agriculture Cooperative Federation, better known as NongHyup. (123rf)South Korea became the third largest beef importer in the world during the period, after Japan and Mexico.
July 17, 2016
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[Chin Tong Liew&Wing Thye Woo] A new playbook for China, ASEAN
The ruling by the Permanent Court of Arbitration in The Hague against China’s territorial claims in the South China Sea is a watershed moment for international law and an unmistakable warning to China about its strategic assertiveness in Southeast Asia. China says that it does not recognize the PCA ruling; but that doesn’t mean it is undisturbed by it.The question now is how China will respond. Will it change its often-aggressive behavior in the region, or will it continue to view the South Chin
ViewpointsJuly 17, 2016
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Hyundai’s Ioniq EV offers pleasant drive
Amid the growing popularity of hybrid cars among environmentally conscious drivers, Hyundai Motor has gone one step further with the pure electric car Ioniq Electric for those who want a more eco friendly option. The nation’s largest automaker invited the press on Thursday to get behind the wheel, following a driving course based on the concept that an EV driver in Seoul traverses the city from east to west on diverse road conditions such as traffic jams and highways. Ioniq Electric (Hyundai Mot
MobilityJuly 17, 2016
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Move easily between Incheon and Seoul via AREX
Travelers trying to get from Incheon International Airport to Seoul can do so with ease by using the Airport Express railway system, which can take them directly to Seoul Station. According to data from the Korea Tourism Organization, 98 percent of tourists from English-speaking countries find their way from the airport to Seoul by themselves. Travelers receive information about the airport railroad at the transfer gate at Seoul Station.(AREX)Although there are several ways to get to the city fr
IndustryJuly 17, 2016
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New Korando Sports presents economical option for campers
[Behind The Wheel] The SUV fad in South Korea is not over yet. Fueled by the popularity of outdoor activities – mainly camping -- sales of such vehicles have grown steadily over the years. However, there have been limited local choices, which often leads to consumers going for high-end foreign vehicles offered at high prices. South Korea’s fourth-largest carmaker Ssangyong Motor, recently rolled out a pickup that it touts as an alternative to an SUV – the Korando Sports 2.2. It is not really an
MobilityJuly 17, 2016
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Stocks set for modest gains this week: analysts
South Korean stocks are expected to continue their upward trend this week, albeit modestly, in general on a mix of low interest rates and stable data, analysts here said.The benchmark Korea Composite Stock Price Index finished last week at 2,017.26, up 2.76 percent from a week earlier. It marked the index’s gains for five sessions in a row led by foreigners’ buying binge.They purchased a net 1.9 trillion won ($1.67 billion) of local shares, while individuals and institutional traders offloaded a
July 17, 2016
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[KOREAN LUXURY] Heaven-grade ginseng roots: Luxury in health food
This is the second installment of a series of articles on companies in Korea striving to enter the world’s luxury market. -- Ed.From outside, the building seems nondescript. It sprawls wide and low amid the serene natural scenery of Buyeo in South Chungcheong Province, looking like a government building or perhaps a school.But once inside, the rumbling hum of machinery, bright clean rooms and head-to-toe white paper gowns make it clear that this is a factory where something precious is created.
IndustryJuly 17, 2016
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Cloud market to grow further: Oracle CEO
[THE INVESTOR] In the pre-cloud era, access to a company’s data may was quite a laborious task. A chief executive might have had to send emails back and forth just to acquire necessary data such as those related to sales. Now emerging cloud services allow easy access to analytic data, even on the go.Oracle chief executive Mark Hurd speaks during an interview in Seoul last week.(Oracle)By simply using a mobile app, a company chief is able to get information that span a broad range of queries such
TechnologyJuly 17, 2016
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NASA space suits to use LG Chem batteries
Chemical and battery firmLG Chem is slated to supply its batteries to the U.S. National Aeronautics and Space Administration in the second half of this year, according to the company Sunday. The local battery maker recently signed a supply deal with NASA to provide its lithium ion batteries for the agency’s space suits used for space exploration. An astronaut wearing a NASA space suit (LG Chem)“The batteries will serve a key role in the spacesuits, which have various functions such as oxygen su
TechnologyJuly 17, 2016
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Korean families spend 1.28 mln won monthly for 2 kids
To raise two children in South Korea, it costs an average of 1.28 million won ($1,128) a month, the results of a survey showed Sunday.Education is the biggest financial burden, although the level of related expenditures vary considerably in accordance with income level, according to the Korea Institute for Health and Social Affairs.It conducted a poll on 6,172 women, aged between 15 and 49, with two kids nationwide as of August last year.South Korea's birthrate of 1.12, recorded in 2015, is one
July 17, 2016
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Samsung’s PCs rank No. 1 in Brazil
[THE INVESTOR] Tech giant Samsung Electronics has become the most popular PC brand in Brazil, according to local media on July 17. The Brazilian newspaper O Estado de S. Paulo, based on its annual brand survey, reported that Samsung grabbed the top spot among all PC brands, beating its American rivals Apple and Dell. Last year, Apple ranked No. 1, while Samsung and Dell shared second place. Samsung’s feat came amid a slump in the local and global PC markets. The sales of all desktops and laptops
TechnologyJuly 17, 2016
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110 Koreans return home after Turkey coup attempt
Some 110 South Korean nationals safely returned home Sunday morning after being held up for around 10 hours at Turkey’s Ataturk Airport due to flight delays caused by the attempted military coup. (Yonhap)The coup by soldiers seeking to seize power from President Recep Tayyip Erdogan broke out late Friday, resulting in around 250 casualties. The coup was suppressed Saturday, with President Erdogan returning to the capital to contain the situation and Turkish citizens taking to the streets in an
Social AffairsJuly 17, 2016
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Increased activity monitored at N. Korea nuke test site: allies
South Korean and U.S. intelligence sources on Sunday said they have detected increased activity at the North Korean nuclear test site in Punggye-ri and have beefed up surveillance.The allies said there has been an increase in activity particularly after Seoul and Washington on July 8 announced they planned to deploy the Terminal High Altitude Area Defense system in South Korea."There has been a noticeable increase in truck and personnel movement around the site in Kilju county," said an insider,
North KoreaJuly 17, 2016
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Mongolian version of Park's autobiography republished
President Park Geun-hye's autobiography has hit book stands in Mongolia again with renewed public interest, local media reported over the weekend, as she began her first official visit to Ulaanbaatar on Sunday.The Mongolian version of her autobiography, titled "Steeled by Despair, Motivated by Hope," was republished by the Mongolian Association of Graduates in Korea, a group of Mongolians who once studied in South Korea, on Tuesday last week. Her autobiography is now on display in major book sto
PoliticsJuly 17, 2016
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Intraday won-dollar volatility narrows in Q2
The volatility in the won-dollar exchange rate continued to remain high in the second quarter, but the average gap between daily highs and lows narrowed from three months earlier, central bank data showed Sunday.The average gap between the daily high and low of the won-dollar exchange rate came to 7.7 won in the three months ending June 30, compared with the average 8.2 won in the previous quarter, according to the data from the Bank of Korea.The intra-day gap narrowed to an average 6 won in May
July 17, 2016