Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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Seoul seeks to improve foreign nanny program after two abscond
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N. Korea says midair explosion of its missile in June was intentional
North Korea‘s main propaganda outlet claimed Wednesday that the recent midair explosion of a ballistic missile was intentional, calling it a test attack on enemy satellites. North Korea’s Musudan intermediate-range ballistic missile was detected to have burst into pieces midair after flying some 150 km after its launch on June 22. North Korea fired off another missile hours later, which soared to an altitude exceeding 1,000 km and flew some 400 km before landing in the East Sea. The first missi
North KoreaJuly 6, 2016
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Prosecutors seek arrest warrant for former chief of Daewoo Shipbuilding
Prosecutors said Wednesday that they have requested a warrant to arrest a former head of Daewoo Shipbuilding & Marine Engineering Co. on charges of fraud and breach of trust. Prosecutors suspected that Ko Jae-ho cooked books worth some 5.4 trillion won (US$4.6 billion) from 2012 to 2014 by under-reporting the production cost or exaggerating sales or operating profit. Earlier this year the shipyard said it swung to huge losses in 2013 and 2014 from earlier reported profits, citing accounting mish
IndustryJuly 6, 2016
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French charcuterie to satiate connoisseurs
For those craving unfranchised gastronomy, France’s “charcuterie” is bringing in homegrown cookery for a pleasant surprise. The French Embassy hosted a series of events last week to promote the culinary art and science of charcuterie: preserved meat products like bacon, ham, sausage, terrines, galantines, ballotines, pates, and confit, primarily from pork.Six companies -- assisted by the French Federation of Charcuterie Producers, France Gourmet and France AgriMer -- visited Korea to introduce t
Foreign AffairsJuly 6, 2016
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[Graphic News] Traditional low-cost foods see price spike again in Q2
Food and beverage products that are traditionally considered to be low-cost choices when eating out have seen a price spike in the second quarter of this year, according to Statistics Korea.The largest increase was in the price of soju, which leaped 12.5 percent relative to last year. This is the second consecutive quarter in which soju has seen the biggest on-year price jump.Other popular foods when eating out such as gimbap and ramen have also risen significantly. Gimbap prices rose 5.2 percen
IndustryJuly 6, 2016
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Prosecutors to summon former chief of Volkswagen Korea again
Prosecutors said Wednesday they will summon a former managing director of the local branch of Volkswagen for a second time later this week over the German carmaker‘s alleged irregularities that came to light following last year’s emissions scandal. The Seoul Central District Prosecutors‘ Office said it will summon Park Dong-hoon on Friday for questioning over his alleged involvement in the cover-up of problems found in vehicles sold in the country. The 63-year-old was first summoned Tuesday as
MobilityJuly 6, 2016
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Construction workers embark on indefinite strike
[THE INVESTOR] Over 24,000 construction workers staged a strike in central Seoul on July 6 to demand better working conditions and revision of laws to protect their rights. The Korean Construction Workers Union gathered at the Seoul Plaza at 4 p.m. to protest/ The InvestorMembers of the Korean Construction Workers Union, under the South Korea’s second largest umbrella labor union Korea Confederation of Trade Unions, gathered at the Seoul Plaza in central Seoul at 4 p.m. for a walkout that will
IndustryJuly 6, 2016
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Morgan Stanley biggest short seller of Korean stocks
[THE INVESTOR] Foreign securities companies led by Morgan Stanley & Co. International are the biggest short sellers betting against Korean stocks, according to the local bourse operator Korea Exchange on July 6. As the KRX started to impose a new regulation obligating investors to reveal their short positions and information about their identities publicly from June 30, a total of 414 cases were reported, according to filings made under the new regulatory regime.Morgan Stanley headquartersAccord
July 6, 2016
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[ANALYST REPORT] Fair Trade Commission rejects SKT’s bid for CJ Hellovision
Yonhap News reported last night that the Fair Trade Commission, in its M&A assessment report, had rejected SKT’s bid to acquire CJ Hellovision, saying it would hinder competition. The FTC pointed out that the combined entity would control more than 60% of the market in 21 of the total of 23 broadcast areas in which CJ operates, thus hurting competition. The two companies have yet to issue an official comment. Decision difficult to understand The decision, if true, is hard to understand for a num
July 6, 2016
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More policemen embroiled in sexual misconduct charges
More cases of police officers engaging in sexual misconduct have surfaced days after the public condemnation of the school police officers who had sex with teenagers they were providing counseling to.A police officer, who was on a probationary period, was sacked on Friday after he was indicted for raping a teenager, according to Gwangju Bukbu Police, Tuesday. Another police officer was dismissed for paying for sex, according to Seoul Geumcheon Police, Wednesday. Prostitution is illegal in Korea.
Social AffairsJuly 6, 2016
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Strikes loom over shipbuilders
[THE INVESTOR] South Korea’s top three shipbuilders’ troubles are set to deepen with their unions gearing up for strikes. Samsung Heavy Industries labor organization was on July joined by the union of Daewoo Shipbuilding and Marine Engineering on the stage for strikes. Samsung Heavy’s labor organization is set to stage a 4-hour strike on July 7 from 1 p.m. Daewoo Shipbuilding and Marine Engineering headquarters/ The InvestorAs for DSME, its union approved the plans to strike with 88.3 percent su
IndustryJuly 6, 2016
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Yoo Jae-suk to be recreated in wax, 1st for Korean TV show host
Korea's popular comedian and show host Yoo Jae-suk will be the latest celebrity of the country to have a wax sculpture made of himself, a PR firm said Wednesday.Grevin Seoul Museum will make a lifesize wax figure of Yoo to celebrate its first anniversary, according to PR company Hahm Shout. (Yonhap)The museum's selection committee, Grevin Academy, consisting of various experts in the culture and entertainment industries, chooses a celebrity based on a star's "public recognition, preference and c
EntertainmentJuly 6, 2016