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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LINE jumps 26% on first day of trading in New York
[THE INVESTOR] LINE Corp., the mobile messenger service operator owned by Naver (chairman Lee Hae-jin), jumped 26.61 percent on the first day of trading on the New York Stock Exchange on July 14. LINE’s million American Depository Shares (ADSs) began at $32.84 topping the expected price range, and closed at US$ 41.58, rising 26.6 percent over the course of the day. Line Corp. CFO Hwang In-joon (center left), along with chief strategy and marketing officer Jun Masuda (center right), and chief glo
TechnologyJuly 15, 2016
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Park arrives in Mongolia for summit diplomacy
President Park Geun-hye arrived in Mongolia on Thursday, setting in motion her summit diplomacy aimed at firming up international cooperation to deal with North Korea‘s nuclear ambitions and a rising wave of trade protectionism. During her five-day visit to the Mongolian capital of Ulaanbaatar, Park will attend the two-day Asia-Europe Meeting (ASEM), which begins Friday, and hold bilateral talks with her Mongolian counterpart Tsakhiagiin Elbegdorj. “This visit (to Mongolia) focuses on strengthen
Foreign AffairsJuly 14, 2016
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Despite lack of training, Park Tae-hwan hopeful for medal in Rio
South Korean swimmer Park Tae-hwan is worried that time may just be his biggest enemy as he gears up for the Rio de Janeiro Summer Olympics next month. Still, it doesn‘t mean he has lost any hope of contending for a medal. Park returned to South Korea Thursday from his training camp in Australia. He only secured his Olympic berth last Friday, as the Court of Arbitration for Sport (CAS) ruled him eligible for Rio and lifted a Korean Olympic Committee (KOC) ban imposed on the swimmer based on his
More SportsJuly 14, 2016
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[Newsmaker] From fallen Brexiteer to foreign minister
LONDON (AFP) - Boris Johnson, the top Brexit campaigner and former London mayor, made a sensational comeback Wednesday after two weeks in the political wilderness to become foreign minister in new Prime Minister Theresa May‘s government.Johnson is one of Britain’s most recognisable politicians with his blond mop-top hair, bumbling manner and tendency to drift into Latin during speeches. Conservative MP, Boris Johnson arrives at Downing Street in London on Wednesday. (EPA-Yeonhap)He is also one o
World NewsJuly 14, 2016
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[Graphic News] Mortgage lending increasing steadily
Home-backed loans extended by banks continued to show a steady increase in step with a rise in home transactions, the central bank said Wednesday.The number of home transactions involving Seoul in June spiked 20 percent on-month to 12,000, the Bank of Korea said.Home-backed loans came to 500.9 trillion won ($439 billion) as of end-June, up 4.8 trillion won from the previous month, while credit borrowing by households gained 1.7 trillion won to 165.8 trillion won.The rise in household lending fol
July 14, 2016
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Naver CEO likely to face probe for dodgy stock trading
[THE INVESTOR] The head of Internet giant Naver who is in the hot seat for his alleged involvement in making illegal profits from game developer Nexon’s 2006 initial public offering is likely to be summoned by prosecutors soon.Naver CEO Kim Sang-hun reportedly made profits with inside information for Nexon’s IPO with borrowed money. Naver CEO Kim Sang-hun /The InvestorKim, prosecutor Jin Kyung-joon and Park Seong-joon, a director of Boston Consulting Group, purchased shares valued at 425 million
TechnologyJuly 14, 2016
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Prosecutors seek to question VW execs in Germany
[THE INVESTOR] Prosecutors have requested the former chief of Audi Korea Trevor Hill and executives of Volkswagen headquarters in Germany to be present for questioning on their involvement in the widening probe into the German carmaker’s cheating emission scandal. Seoul Central District Prosecutors’ Office on July 14 said it has sent a request to the seven executives, including Hill, through the lawyer of Audi Volkswagen Korea on July 11. Trevor Hill, former chief of Audi Korea / The Investor“We
MobilityJuly 14, 2016
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[Super Rich] Born to be rich
[THE INVESTOR] Of the nation’s 100 wealthiest people, 76 are the second or third generation members of the founding family of South Korea’s top conglomerates, as of this year, according to a recent study by The Investor and The Herald Business. Here are five such individuals who are the wealthiest compared to their well-to-do peers in the same age bracket, ranging from under 40 years old to those in their 70s. Richest under 40: Koo Gwang-mo LG chairman’s grandson Koo Gwang-mo, 38, of the LG Gro
IndustryJuly 14, 2016
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Pokemon Go takes South Korea by storm
[THE INVESTOR] The global craze for Pokemon Go, Japanese game developer Nintendo’s augmented-reality smartphone game, has taken the nation by storm with downloads exceeding 400,000 as of July 13, according to a survey by market research firm WiseApp. The survey result is based on 14,439 Android phone users in Korea from July 7-13. The mobile game, which has not been officially launched here, achieved the feat in less than two weeks since its release in other parts of the world on July 5, includi
TechnologyJuly 14, 2016
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NPS seeks damages from DSME
[THE INVESTOR] National Pension Service has filed a 48.9 billion won (US$ 43 million) compensation suit against Daewoo Shipbuilding and Marine Engineering, it was revealed on July 14.The NPS said that it has filed a suit against 10 Deloitte Anjin, and DSME executives. It did not elaborate on how the amount was calculated. The prosecution investigating corruption at the shipbuilder estimates that DSME’s mismanagement led to the country’s financial industry sustaining more than 10 trillion won in
July 14, 2016
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Netmarble striking M&As ahead of upcoming IPO
[THE INVESTOR] South Korean mobile game developer Netmarble Games’ recent bid to acquire Israel-based mobile gaming company Playtika is just one of a string of merger and acquisition deals that Netmarble has been pursuing to attract investors. By the end of this year, Netmarble Games is set to issue an initial public offering to draw at least 5 trillion won ($4.36 billion). Netmarble founder Bang Joon-hyukBased in Tel Aviv, Playtika is an affiliate of Caesars Interactive Entertainment -- an SNS
TechnologyJuly 14, 2016