Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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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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[Exclusive] Democratic Party of Korea forms US election task force
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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NACF chief indicted on charges of election law violation
[THE INVESTOR] The prosecution on July 11 indicted National Agricultural Cooperative Federation chairman Kim Byeong-won on charges of breaking election laws regarding public entities. The NACF is Korea’s largest agroindustry body that counts NongHyup Financial Group among its affiliates. Kim is the fifth NACF chief to be elected into office, and the fifth elected-chairman to come under investigation. The NACF chairman attends at prosecutor's office / The InvestorKim is suspected for breaking ele
July 11, 2016
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Ambush in Dallas: ‘This must stop -- this divisiveness’
Ambush is the coward’s tool: Only in bloodlust fiction and declared war does surprise assassination run the chance of improving a situation. But on Thursday night in Dallas, ambush was the way to start a skirmish or settle a score.Before America’s computer and television screens came alive with news of the slaughter, the evening had been peaceful. Dallas police officers had tweeted photos of themselves alongside demonstrators marching to protest the police shooting deaths of two black men in Lou
ViewpointsJuly 11, 2016
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Exhibitions offer glimpse of two very different lives of Joseon
Two exhibitions in Seoul are offering a rare glimpse into the lives of different social classes in the Joseon era.Seoul Arts Center’s Calligraphy Museum has brought together a rare collection of still life paintings from the Joseon era, depicting stacks of books with decorative luxury items, which were popular among royals and aristocrats. In contrast, the exhibition also features paintings of Chinese characters that wealthy commoners hung in their homes to emulate the upper class’ cultural tast
PerformanceJuly 11, 2016
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What police need from citizens
Dallas Police Chief David Brown said something on Friday that needed saying. After updating the public on a sniper attack that targeted white police officers -- killing five officers and injuring at least six -- Brown spoke about the heroism of police who ran toward gunfire “with no chance to protect themselves, to put themselves in harm’s way, to make sure citizens can get to a place of security.” Police officers all over the country take such selfless risks every day. They are not especially w
ViewpointsJuly 11, 2016
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Foreign investors’ buying spree boosts Mando’s share price
[THE INVESETOR] The stake held by foreign investors in Mando, the automotive parts maker of Halla Group, has nearly doubled over the past months. As of July 11, foreign investors own 31.3 percent stake in the company, compared with 17.94 percent in March. During the same period, its share price also soared from 142,000 won (US$123) to 230,500 won. Analysts say the company has made big investments in recent years and investors are now showing keen interest in its business. Among other things, the
MobilityJuly 11, 2016
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S. Korean manufacturing sector sees worse conditions in Q3
[THE INVESTOR]The South Korean manufacturing sector expects conditions to worsen during the third quarter of the year, a survey showed on July 11. According to the Business Survey Index compiled by the Korea Institute for Industrial Economics and Trade, local manufacturing companies expect third-quarter sales and exports to worsen compared to the previous quarter.In the survey of 462 manufacturing companies, the BSI for exports and sales respectively came in at 98 and 97 points. A BSI below 100
IndustryJuly 11, 2016
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MBK Partners recoups record $3.3b from investments
[THE INVESTOR] MBK Partners has recouped a record amount from its investments over the past two years since July 2014, industry sources said Sunday.Since June 2014, MBK Partners -- South Korea’s largest private equity firm -- managed to recoup $3.3 billion by selling equity and driving up dividends from its past investments. If returns from other projects MBK has invested in are included -- such as with South Korea’s National Pension Fund, Singapore’s Temasek Holdings and the Canada Pension Plan
July 11, 2016
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NPS picks BlackRock, GCM Grosvenor to manage hedge funds
[THE INVESTOR] South Korea’s National Pension Service -- the world’s third-largest public pension fund -- has selected Blackrock and GCM Grosvenor as general partners for managing 1 trillion won ($872 million) worth of hedge funds. This is 0.2 percent of the 500 trillion won of NPS’ assets under management. BlackRock is the world’s largest asset management firm with more than $ 4.65 trillion assets under management. GCM has invested over $45 billion in hedge funds, private equity, real estate an
July 11, 2016
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NPS loads up on auto, chemicals, pharma stocks
[THE INVESTOR] The National Pension Service padded up its portfolio with auto, chemical and pharmaceutical stocks while offloading food and textile shares this year, data showed Sunday. According to the latest financial industry data, of the companies in which the NPS holds stakes of 5 percent or more, 135 saw an increase during the first six months of the year. The figures are based on the NPS’ portfolio as of end-June.Of these, 13 are in the automotive industry, 12 in chemicals, and 11 in phar
July 11, 2016
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Korea’s longest DJ festival comes to Seorak Beach
Korea’s longest DJ festival, 2016 Summer DJ Festival, is coming to Seorak Beach in Gangwon Province, from July 21 to Aug. 15. The 26-day festival will bring together 20 of the most prominent and up-and-coming DJs and musicians in the country, including DJ Chunja, Super Junior’s Kim Ki-bum, DJ Peachade, Davii and DJ Pascal Dior. In addition to showcasing some of the season’s hottest electronic dance music, the festival will include dance performances and other exciting attractions. Big Bang memb
PerformanceJuly 11, 2016
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LINE sets IPO price at 3,300 yen
[THE INVESTOR] LINE Corp. has set the price for its initial public offering at the top of its marketing range, raising up to 132.8 billion yen ($1.3 billion), the company said in a regulatory filing Monday in Tokyo. The popular mobile messaging service, owned by Korean Internet giant Naver, will sell 35 million shares at 3,300 yen per share. Another 5.25 million shares will be sold through a greenshoe option, allowing it to increase the amount of stock sold. The company had initially set the pri
July 11, 2016
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[DECODED] Suh Kyung-bae, not your usual chaebol
In the Korean corporate world, 2015 was the year of AmorePacific Group chairman Suh Kyung-bae.The cosmetics company celebrated its 70th anniversary that year and the second-generation leader of the conglomerate had managed to transform the initially domestic-focused firm into a cosmetics powerhouse in Asia, cashing in on consumers’ desire for beauty to reap growth of more than 20 percent a year. As of July, AmorePacific is the sixth largest company in South Korea in terms of market capitalizatio
IndustryJuly 11, 2016
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[KOSDAQ Star] Synergy between software and portal to boost ESTsoft
There are not many well-known software companies in Korea with diversified utility and functional programs ranging from browsers, portals to content, advertising and security that can match the scale of Silicon Valley.However, ESTsoft, which is widely known for its ALTools package utility software, is one of the few local software companies trying to stand out in the consumer tech market dominated by either manufacturers such as Samsung Electronics and LG Electronics, or software giants like Goo
July 11, 2016
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[DECODED] AmorePacific: A legacy that started in grandma‘s kitchen
The origin of AmorePacific traces back to Suh Kyung-bae’s grandmother Yun Dok-jeong who came up with an idea of selling hair oil made of camellia oil in Gaeseong, in present day North Korea. Attracting upper class customers with the high-quality oil, Yun soon established a cosmetics shop, Changseong Store, in 1932 and expanded to other products, such as facial cream and powder. Learning from Yun’s entrepreneurship and business skills, Suh’s father Suh Sung-whan began to fully engage in the busin
IndustryJuly 11, 2016
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POSCO chairman, SNU professor awarded for scientific achievements
POSCO chairman Kwon Oh-joon and Seoul National University professor Hyeon Tae-ghwan have won prizes that recognize them as the nation’s top scientists, officials said Monday.The Korea Federation of Science and Technology Societies and the Ministry of Science announced the winners for this year. The award has been given since 2003 to those who have made outstanding achievements in research and development or innovative technology development in Korea. POSCO chairman Kwon Oh-joon (left) and IBS di
IndustryJuly 11, 2016
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Watchdog probes overpricing allegations against Yuhan Kimberly
[THE INVESTOR] The Fair Trade Commission has launched an investigation into Yuhan Kimberly on allegations that it is overpricing sanitary pads. Yuhan-Kimberly is a joint venture between Korean pharmaceutical and chemical firm Yuhan Co. and Kimberly-Clark of the US. The antitrust watchdog is looking into whether it can apply laws banning companies from abusing their market dominant position when deciding on product prices. FTC head Chung Jae-chan“We are looking into the matter, and because the in
July 11, 2016
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Security robots to guard 2018 PyeongChang Winter Games
South Korea will use security guard robots to reinforce safety in and around Olympic stadiums and venues during the 2018 PyeongChang Winter Games, the government said Monday. The Ministry of Trade, Industry and Energy said it has launched a robot support team led by Oh Joon-ho, a professor of the Korea Advanced Institute of Science and Technology.The team will draw up a comprehensive plan on the use of security guard robots by next month in the run-up to the winter games scheduled in February 20
TechnologyJuly 11, 2016
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8 out of 10 use SMS for Internet identification
More than eight out 10 people use texts provided by mobile carriers for verifying their identities on the Internet, a survey showed Monday.According to the survey on 4,000 people aged over 15 conducted by the Korea Internet & Security Agency, 84 percent of the respondents say they have used short message services for authenticating their IDs.The SMS authentication process is when a user types in their birthday, name and cellphone number and then inputs a security number received through the text
Social AffairsJuly 11, 2016