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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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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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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Seoul seeks to improve foreign nanny program after two abscond
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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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Actor Joo Jin-mo denies dating rumors with Chinese actress
Korean actor Joo Jin-mo dismissed rumors that he is in romantic relationship with Chinese actress Zhang Li, the South Korean celebrity's management agency said on Wednesday. "The two have become close since they worked on the same television series, but they are just friends, not lovers," said an official from Joo's agency, Fantagio Corp."The photographs published by Chinese local press show the two attending a group event, accompanied by the manager and many others."The denial came on the same
EntertainmentJuly 6, 2016
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High school bullies ordered to transfer school
Three female high school students were ordered to transfer schools after they brutally bullied a freshman, according to Jeju Special Self-Governing Provincial Office of Education, Tuesday. (123RF)The accused students beat the victim over three counts in secluded spots within and outside the school in June, causing severe psychological distress for the victim.The victim’s parents reported the case to Jeju Dongbu Police, which forwarded it to the prosecutors for opinion on indictment. The Jeju Of
Social AffairsJuly 6, 2016
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‘Lotte Home Shopping spent W3.3b on lobbying in 2015’
TV shopping company Lotte Home Shopping, which is currently under investigation for bribery, spent nearly 3.3 billion won ($2.83 million) on lobbying fees last year, according to a corporate information tracking website.According to Chaebul.com, that was the largest sum spent on lobbying by the company since 2008, surpassing the 2.9 billion won spent in 2014 when the company was preparing to receive an extension on its home shopping license. Prosecutors move seized documents from Lotte Home Shop
IndustryJuly 6, 2016
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[Decoded] Hyundai Motor challenged at home
Hyundai Motor is facing increasing challenges on home ground, with Korean consumers looking at other options and rivals intensifying competition. The market share of the nation’s largest automaker reached 80 percent in the early 2000s after acquiring Kia in 1999. However, its market share dropped to 68 percent last year, with the figure for Hyundai falling below 40 percent for the first time. Source: Hyundai Motor“Hyundai’s market share here will further go down -- albeit slowly. It is difficul
MobilityJuly 6, 2016
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Volkswagen’s H1 sales hit by diesel scandal
[THE INVESTOR] Volkswagen’s sales in South Korea in the first six months slipped from a year ago, hit by the widening investigations into the German automaker’s emission scandal, industry data showed on July 6. The number of VW vehicles sold in January-June came in at 12,463 units, a 33.1 percent decrease from the same period last year, according to data from the Korea Automobile Importers and Distributors Association. Volkswagen store in Seoul, South Korea/ The InvestorJune sales plummeted by
MobilityJuly 6, 2016
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Gov’t seeks W20tr private sector investment in rail networks
[THE INVESTOR] The government will open rail network projects in Korea to the private sector, and attract nearly 20 trillion won (US$ 17.1 billion) private sector funds into the field over the next 10 years. According to the plans revealed by the Ministry of Land, Infrastructure and Transport, rail projects across the country will be opened to the private sector. Until now, the majority of rail projects open to the private sector have been concentrated in Seoul and surrounding regions. A train o
IndustryJuly 6, 2016
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Batik reinterpreted with digital technology
An unusual exhibition of batik-meets-digital was held June 30 at the Art and Technology Expression Center, Seoul Institute of the Arts in Ansan, Gyeonggi Province.“Batik: Accumulation of Time – Meeting the soul of Indonesia’s traditional arts,” explored the textile design method of Batik, which dates back to the 5th century. It is still popular in its home country, and is a UNESCO-designated cultural heritage. SIA, a prominent arts college that strives to make traditional art come alive for pre
PerformanceJuly 6, 2016
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Korea to attract private sector for rail development
The South Korean government seeks to attract private companies to participate and bid for local railway projects beyond the Seoul and Gyeonggi metropolitan areas amid difficulties in financing infrastructure development with state capital.The Ministry of Strategy and Finance and the Ministry of Land, Transport and Maritime Affairs said Wednesday that the government seeks to attract some 20 trillion won ($17 billion) from the private sector to build and expand railway networks nationwide over the
July 6, 2016
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Seoul to shut down 10 aged coal power plants
The Korean government will gradually shut down 10 aged coal-fired power plants as part of measures to curb fine dust emissions, officials said Wednesday. The Ministry of Trade, Industry and Energy said that the 10, to be closed by 2025, are aged over 30 years and have a combined capacity of 3.3 million kilowatts. It will also no longer build coal power plants to support the country’s aim of cutting the fine dust level by 24 percent to 6,600 tons by 2030. Trade Minister Joo Hyung-hwan presides ov
IndustryJuly 6, 2016
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Industrial restructuring holds key to boosting growth potential
Korea needs to accelerate industrial restructuring and deregulation as its growth potential continues to weaken, many economists here say.According to the Ministry of Strategy and Finance, the Korean economy grew by 0.5 percent from a year earlier in the first quarter of this year and fiscal spending made a 0.5 percent contribution to the quarterly growth. This means that Asia’s fourth-largest economy would have barely grown in the cited period without measures to expand fiscal expenditure.The g
July 6, 2016
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No evidence of CD-rate rigging: FTC
Korea’s antitrust agency said Wednesday it has found no evidence of collusion among banks in setting three-month certificate of deposit rates, used as a benchmark for a large portion of consumer bank loans. “The investigation is closed due to lack of evidence,” said Kim Seok-ho, a standing commissioner of the Fair Trade Commission. “It is not that the banks are cleared of allegations. Should evidence surface in the future, the probe may reopen.” The FTC began looking into CD rate-fixing allegati
July 6, 2016
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Ad hoc team to investigate senior prosecutor over suspicious stock purchase
An ad hoc probe team will be comprised to investigate a senior prosecutor who has come under public scrutiny for suspicious stock transactions, state prosecutors said Wednesday.The Supreme Prosecutors' Office said the country's top prosecutor Kim Soo-nam has designated Lee Keum-ro, chief of the Incheon District Prosecutors' Office, to lead the independent team. The size and members of the team have not been decided yet.The case involving Jin Kyung-joon came to light early this year as the senior
Social AffairsJuly 6, 2016