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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MBK Partners recoups record US$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 on July 10.Since June 2014, MBK Partners -- South Korea’s largest PEF -- managed to recoup US$3.3 billion by selling equity and driving up dividends from its past investments. MBK Partners founder and chairman Michael Byung-ju Kim When including the returns from other projects MBK jointly invested in, such as with South Korea’s National Pension Fund, Singap
IndustryJuly 11, 2016
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Cheong Wa Dae reiterates THAAD is self-defense measure
The presidential office Cheong Wa Dae on Monday reiterated the recent decision by South Korea and the United States to station an advanced antimissile system here is a "self-defense" measure to counter growing military threats from North Korea."The (planned) deployment of (the Terminal High-Altitude Area Defense) is a self-defense step to safeguard the well-being of the country, the lives of the people and their properties," presidential spokesman Jung Youn-kuk told reporters.The statement is a
DefenseJuly 11, 2016
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Samsung SDS sets up logistics JV with Thailand’s Acutech
[THE INVESETOR] Samsung SDS, the IT solutions and logistics unit of Samsung Group, said on July 11 it has agreed with Thailand’s Acutech to set up a joint venture to expand its presence in the soaring Southeast Asian logistics market. Acutech, established in 1987, is Thailand’s largest logistics company whose key clients include electronics, automotive parts and food makers. Samsung SDS headquarters in Jamsil, southern SeoulTaking advantage of Acutech’s client base in the region, Samsung SDS pla
Latest NewsJuly 11, 2016
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New start-up center to support foreign businesses
[THE INVESTOR] A new start-up center funded by the Seoul Metropolitan Government will help expats grow their businesses by assisting them in developing globally.The Seoul Global Startup Center in Yongsan-gu is the first government-subsidized scheme to provide seed funding mainly for foreigners through an incubation program in Korea. Seoul GSC’s five-month incubation program will provide 10 million won ($8,656) in seed funding to successful applicants.Each team will also receive a 24-hour office
TechnologyJuly 11, 2016
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Mercedes-Benz S-Class monthly sales top record in June
[THE INVESTOR] June sales of the Mercedes-Benz S-Class in Korea set a new monthly record, industry data showed on July 11. According to industry data, the sales of S-Class vehicles -- including 84 units of Mercedes-Maybach S-Class vehicles -- came in at 1,332 units in June. The previous monthly sale record for the model was 1,242 units set in January 2015. Sales in June is thought to have been boosted further by the resumption of S350d sales. Mercedes-Benz Korea had halted S350d sales after it c
MobilityJuly 11, 2016
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S. Korean defense contractor to supply parts for Boeing Chinook
[THE INVESTOR] Huneed Technologies, a South Korean military communications equipment maker, will supply electronics parts for the Boeing CH-47 Chinook, local media reported on July 11. This is the first time a South Korean defense equipment maker will be supplying parts for a foreign helicopter model. Boeing CH-47 Chinook / BoeingAccording to reports citing unnamed defense industry sources, Huneed Technologies signed a US$120 million supply contract at the end of last month. The company posted s
IndustryJuly 11, 2016
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Hyundai Mobis’ Chrysler module supply to reach 4 million by year-end
[THE INVESTOR] The number of Hyundai Mobis ’ modules supplied to Chrysler is set to reach 4 million by the end of the year, industry data showed on July 11. According to the Hyundai Motor Group auto parts maker, more than 3.6 million modules have been produced at its two US plants and supplied to Chrysler since 2006. Hyundai MobisHyundai Mobis’ plant in Ohio produces complete chassis module for the Jeep Wrangler, and the plant in Michigan produces front and rear chassis modules for the Jeep Gran
MobilityJuly 11, 2016
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Ex-USFK chief Scaparrotti expresses serious concern about N.K. missile capabilities
Former U.S. Forces Korea Commander Curtis Scaparrotti has expressed serious concern about North Korea's missile capabilities after the communist nation carried out the latest test of its submarine-launched ballistic missile."Kim Jong-un and his regime continues to test and work on their ballistic missile capability, and with every launch, they're getting better and they're working out their problems," Scaparrotti, now NATO's supreme allied commander in Europe, told reporters at the NATO Summit i
North KoreaJuly 11, 2016
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N. Korea's SLBM years away from operational: U.S. expert
North Korea is expected to conduct submarine-launched ballistic missile tests more frequently, but the communist nation still faces significant technical challenges and needs at least several more years to deliver an operational system, a U.S. expert said.The North conducted its latest SLBM test on Saturday, a day after the South and the U.S. announced a decision to deploy the Terminal High Altitude Area Defense missile defense system in South Korea to better defend against the North's nuclear a
North KoreaJuly 11, 2016
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N. Korea threatens military actions against THAAD deployment
North Korea on Monday warned it will take "physical" actions against South Korea and the United States over the allies' decision to deploy an advanced U.S. missile defense system in the South.North Korea's military issued a strong warning that it will deliver military strikes from the moment the two countries decide on where to place the Terminal High Altitude Area Defense system in South Korea, according to the Korean Central News Agency.(yonhap)"We once again warn the enemies that it is the st
North KoreaJuly 11, 2016
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Japan's ruling coalition wins election, promises revival
TOKYO (AP)--Japan’s ruling coalition was a clear winner in Sunday‘s parliamentary elections, preliminary results and Japanese media exit polls indicated, paving the way for Prime Minister Shinzo Abe to push ahead with his economic revival policies, but also possibly changing the nation’s postwar pacifist constitution. Half of the seats of the less powerful upper house were up for grabs. There had been no possibility for a change of power because the ruling coalition, headed by Abe‘s Liberal Dem
World NewsJuly 11, 2016