Most Popular
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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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[Exclusive] Democratic Party of Korea forms US election task force
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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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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[Grace Kao] NewJeans fights Hybe for their survival
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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[Weekender] Techno valley -- Korea’s start-up hub
Techno valleys in Korea are playing a pivotal role as hubs for technology start-ups as the government pushes to boost innovation through policy measures. Pangyo Techno Valley in Seongnam, Gyeonggi Province, which opened in 2011, is one of the leading techno valleys in Korea. It started small with only 82 companies in the 661,000 square meter area and first-year sales reaching just 5 trillion won, ($4.3 billion).Pangyo Techno Valley in Seongnam, Gyeonggi Province (Yonhap)Pangyo Techno Valley, how
IndustryJuly 15, 2016
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[Kori Schake] These empty rocks matter
A little-known court in the Netherlands rattled Asia this week. The Permanent Court of Arbitration concluded that China has no legal basis for its expansive claims in the South China Sea, where China has been attempting to intimidate its neighbors into conceding their rights. While the overlapping claims are devilishly complicated, the main point is that China, Brunei, Malaysia, the Philippines, Taiwan and Vietnam all have competing claims in the South China Sea. The U.N. Convention on the Law o
ViewpointsJuly 15, 2016
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[Jeffrey Frankel ] Brexit, Trump and globalization
Two political events that are attracting global attention these days -- the vote in the United Kingdom to leave the European Union and Donald Trump’s presidential campaign in the United States -- have much in common. Just over half of U.K. voters chose Brexit, a result that has cast a long shadow over their country’s political system and economic prospects. Perhaps understanding the parallels between the two campaigns will help U.S. voters avoid taking a similar path in November. One parallel is
ViewpointsJuly 15, 2016
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Hanjin Shipping still far from cutting charter fees
[THE INVESTOR] Hanjin Shipping has yet to clinch a deal for cutting charter fees as part of its debt restructuring plan, the company said on July 15. “At the moment, we haven’t reached an agreement,” the company said in a statement, adding it is still negotiating with 22 foreign ship owners. The remark comes after a local media report on July 14 that Hanjin Shipping has almost reached a deal for cutting its leasing rate by 27-28 percent from the current 2.6 trillion won (US$ 2.29 billion). If th
IndustryJuly 15, 2016
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Coson teams up with Yujiahui Cosmetics for sales in China
[THE INVESTOR] Coson has teamed up with Hunan Yujiahui Cosmetics, a leader in mask sheets market in China, to secure the ever-growing market for its cosmetics including mask sheets.The company announced on July 14 that it has signed an agreement to establish a joint venture with the e-commerce firm specializing in cosmetics sales, to sell Coson products in China. (123rf)They will start with Coson’s sheet masks and in the future will develop products through original development manufacturing, t
IndustryJuly 15, 2016
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President will decide on pardoning businesspeople: FM
[THE INVESTOR] The Ministry of Strategy and Finance has not recommended any businessperson for the presidential pardon, Deputy Prime Minister for economic affairs Yoo Il-ho said on July 15. Speaking to reporters at an industrial complex in South Jeolla Province, Yoo said that the president will decide the issue, and that the matter is not at a stage in which the Finance Ministry could make recommendations. “The president will make a decision on pardoning businesspeople after she takes stock of t
IndustryJuly 15, 2016
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Hyundai-Kia's EU market share inches up in H1
[THE INVESTOR] Hyundai Motor Group’s market share in the European Union inched up in the first half of the year aided by faster-than average increase in sales, industry data showed on July 15. According to the European Automobile Manufacturers Association, Hyundai Motor and Kia Motors’ first-half sales outpaced the market’s overall growth, and their combined market share came in at 6.1 percent. Hyundai Motor’s market share was 3.2 percent, and that of Kia Motors’ 2.9 percent. In comparison, Kia
MobilityJuly 15, 2016
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[Editorial] Suicidal walkout
It is not unusual for large Korean unions to down tools at the wrong time and for the wrong cause. But the news that unions of major shipbuilders and the top automaker are moving to strike is truly disappointing. The unions of eight major shipbuilding firms held a joint news conference at the National Assembly on Wednesday, vowing to launch a general strike on July 20 in protest against restructuring plans. Some of the unions had already been taking collective action. Workers of Samsung Heavy
EditorialJuly 15, 2016
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[Weekender] ‘Changing the way we work’
The Korean economy has hit a wall. Conventional management methods have run their course. Aging systems, where corporate owners run their businesses with employees accustomed to their ironclad control, no longer work and are making it difficult to find new opportunities and growth in this digital age.Christopher Han, vice president of Design & Co-Innovation Center (Park Hyun-koo/The Korea Herald)This is where Christopher Han comes in with SAP Design & Co-Innovation Center in Pangyo.The DCC chief
July 15, 2016
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[Editorial] Fallen star
The scandal involving senior prosecutor Jin Kyung-joon and Nexon founder Kim Jung-ju is another reminder of how negligent the elite in this country are in abiding by the law and upholding minimum ethical standards. Jin was put into custody Thursday on graft charges, and it has yet to be seen what charges Kim will face. But what is certain is that the scandal – centered on the allegation that Jin earned as much as 12.6 billion won ($10.94 million) in suspicious transactions of Nexon stock courte
EditorialJuly 15, 2016
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US beef import soars on rising hanwoo price
[THE INVESTOR] US beef imports increased significantly as South Koreans turned away from their expensive local beef hanwoo, industry data showed on July 14. US 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. South Korea became the third largest beef importer in the world during the period, after Japan and Mexico. 123rfIn Ma
IndustryJuly 15, 2016
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Hyundai, Kia see first-half sales in Europe up 12 percent
Hyundai Motor Co. and its smaller affiliate Kia Motors saw their sales in Europe in the first half jump over 12 percent on-year, with their market share exceeding 6 percent, industry data showed Thursday.The two South Korean carmakers sold a combined 491,171 units in Europe in the January-June period, up 12.3 percent from a year earlier, according to the data compiled by the European Automobile Manufacturers' Association.Hyundai Motor sold 261,586 units, up 10.2 percent from a year earlier, whil
MobilityJuly 15, 2016
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Italian nun spends decades in S. Korea to help lepers
"I'd like to live a life helping leprosy patients and getting along with other locals at Hoam Village for the rest of my days," an Italian nun, who settled here 48 years ago, said in fluent Korean on Friday. Lidia Tallone, as a missionary, came to the village in Gochang, 296 kilometers south of Seoul, which was a colony for lepers at that time. She was just 25 then. Since then, she has treated people with leprosy, also called Hansen's disease, and has been of great help to the mobility impaired
Social AffairsJuly 15, 2016