Most Popular
-
1
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
-
2
Middle East’s big AI push lures Korean tech firms
-
3
Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
-
4
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
-
5
[Exclusive] Democratic Party of Korea forms US election task force
-
6
Man arrested 16 years after murdering girlfriend, hiding body in cement
-
7
[Grace Kao] NewJeans fights Hybe for their survival
-
8
NK nuclear test 'possible' around US election in Nov., says Yoon aide
-
9
[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
-
10
What will Yoon, Han talk about at dinner?
-
Chinese non-tariff barriers raise concerns
[THE INVESTOR] The South Korean economy could be hit hard if China increases non-tariff barriers that restrict the sale of Korean-made goods, as the country is heavily dependent on China for exports, industry data showed on July 12. According to a report released by Hyundai Research Institute, the amount of Korea’s export to China affected by the two most common non-tariff barriers -- technical barriers to trade and sanitary and phytosanitary measures -- has sharply increased since 2008. The num
July 12, 2016
-
Kakao launches hair salon booking app
[THE INVESTOR] Korean Internet giant Kakao, the operator of the immensely popular KakaoTalk mobile messenger, on July 12 launched a new hair salon booking app as part of its ongoing push for diverse online-to-offline services. The service, called Kakao Hairshop, has partnered with some 1,500 hair salons nationwide and plans to add an additional 2,500 shops by the end of this year. Users are required to preregister their credit and debit cards and make reservations and payments simply by typing i
TechnologyJuly 12, 2016
-
Tencent to hold start-up competition in Korea
[THE INVESTOR] China’s Internet giant Tencent is seeking to nurture competitive Korean start-ups as it plans to hold a global start-up competition event in Korea in the latter half of this year. The company said on July 12 it will hold the event -- the first of its kind -- in four countries, including Korea, China, India and the US. Regional winners will be selected through semifinals to compete for the global championship title. In Korea, three teams will be named to participate in the final co
TechnologyJuly 12, 2016
-
Nexon’s mobile game ‘HIT’ downloads exceed 1 million
[THE INVESTOR] South Korean online game firm Nexon’s global version of mobile role-playing game “HIT” is garnering popularity worldwide with the number of downloads exceeding 1 million, the company said on July 12.The game, released in 140 countries on July 7, supports 10 languages, including Thai and Cantonese, and it has made the top 10 list for paid mobile apps on Apple’s App Store in Thailand, Hong Kong, and Taiwan -- fifth, sixth and seventh, respectively.“Utilizing game designing tool Unre
TechnologyJuly 12, 2016
-
Daewoo exec-turned-designer summoned for questioning on illegal profit allegations
[THE INVESTOR] The authorities summoned former celebrity designer Lee Chang-ha, 60, for a second straight day of questioning on July 12 for earning illegal profit based on his ties with Daewoo Marine Shipbuilding’s construction affiliate. During 2006 to 2009, Lee was head of Daewoo Shipbuilding & Marine Engineering Construction. In 2007, Lee set up his own company -- DSON, an interior decorating business. He allegedly pocketed 4 billion won (US$3.47 million) of illegal funds from contracts he at
IndustryJuly 12, 2016
-
Concerns raised as N.K falls deeper into isolation
[THE INVESTOR] With North Korea seen as plunging deeper into isolation, concerns are growing over the absence of communication channels with Pyongyang and possible military provocation stemming from miscalculations. Pyongyang’s state media said on July 11 it will “completely” shut down its telephone line with the U.S. in New York in protest against Washington’s recent sanctions on North Korean leader Kim Jong-un over human rights abuses. The so-called New York channel, based in the communist sta
July 12, 2016
-
LVMH to invest $50m in K-beauty firm
[THE INVESTOR] L Capital, an affiliate of the world’s largest luxury brand group LVMH, will invest $50 million in CLIO, a Korean cosmetics company that specializes in makeup.The K-beauty company aims to go public by the end of this year and will issue redeemable convertible preference shares which the investment company will take over. An official agreement for this pre-IPO investment will be signed next week, according to media reports.CLIO’s sales surged to 107 billion won ($93.07 million) in
July 12, 2016
-
Opposition parties, civic groups allign to reform chaebol
Opposition parties, labor unions and civic groups launched a committee on Tuesday to spearhead a movement to reform what they see as family-owned conglomerates’ abuse of power and illegal business practices. During a press briefing in central Seoul, the committee, consisting of the main opposition The Minjoo Party of Korea, the Justice Party, the nation’s two biggest umbrella labor unions and progressive civic groups, urged the government to abolish polices that favor the personal interests of f
Social AffairsJuly 12, 2016
-
Kakao releases hair salon-booking app
KaKao Corp., the operator of South Korea's top mobile messenger, rolled out a salon-booking application on Tuesday as part of its expansion into various online and offline services.Kakao Hairshop currently partners with 1,500 hair salons across the country and plans to add 2,500 more shops by the end of the year, Kakao said. Users are required to preregister their credit and debit cards and make reservations and payments simply by typing in their passwords, the company said. "Kakao Hairshop wil
TechnologyJuly 12, 2016
-
Hanwha Galleria duty-free outlet refurbished for grand opening
[THE INVESTOR] Hanwha Galleria will hold a grand opening event on July 15 for its downtown duty-free store that had a limited opening in December inside the 63 Building in Yeouido, western Seoul. Located on a 10,072 square-meter site, the outlet of the duty-free store business unit of Hanwha Group has attracted some 530 international brands even though it failed to host the so-called “Big 3” fashion houses -- Chanel, Hermes and Louis Vuitton. Hanwha Galleria started operations since it earned op
IndustryJuly 12, 2016