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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[Exclusive] Democratic Party of Korea forms US election task force
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Middle East’s big AI push lures Korean tech firms
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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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Lotte Group women rise to the surface due to scandal
[THE INVESTOR] Now that an arrest warrant has been issued for Lotte Foundation chief Shin Young-ja -- the first Lotte founding family member to face imprisonment in the firm’s latest embezzlement scandal -- all eyes are on the women of Lotte Group who have so far stayed behind the scenes. In addition to Young-ja, there are her daughters including Jang Sun-yoon, senior vice president of Hotel Lotte, and also Lotte founder Shin Kyuk-ho’s third wife Seo Mi-kyung and her daughter Shin Yu-mi who are
CompaniesJuly 5, 2016
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Women's basketball league bans American player for life
The Korean women's pro basketball league said Tuesday it will mete out a lifetime ban to an American player who is suspected of forging documents. The Women's Korean Basketball League Commissioner Shin Sun-woo told reporters after its board meeting that Chelsey Lee will be suspended for life and her records in the league will be annulled. Lee's two agents, who are accused of forging Lee and her father's birth certificates last year, will also face indefinite suspensions, he added.Local prosecuto
SportsJuly 5, 2016
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‘Descendants of the Sun’ to be made into movie in China
BEIJING -- Korea’s sensationally popular TV series will be made into a movie in China, a report said Tuesday.China’s newspaper Wuhan said Huace Film & TV, one of the country’s biggest film production companies, has already bought the rights to reproduce it into a film. It also said Zhang Yibai will direct it and the lead roles for Yoo Si-jin and Kang Mo-yeon, played by Song Joong-ki and Song Hye-kyo in the original series, haven’t been cast yet.“We are under enormous pressure since the original
TelevisionJuly 5, 2016
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RGBW TV panel sales soar in UHD TV market
TV flat panels that enhance colors and brightness for display have become more crucial than ever in the global ultra-high definition TV market, a report showed this week.The number of UHD TV panels with RGBW technology is expected to increase from 6.6 million to 16 million, according to market research institute IHS’ report.Among all UHD TV panels, RGBW panels are expected to account for 24 percent of market share this year, from 16 percent in 2015.The RGBW panel is a new type of TV panel that a
IndustryJuly 5, 2016
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NHN Comico starts Chinese service via Baidu
[THE INVESTOR] NHN Entertainment ’s Japanese operation NHN Comico said July 5 it has signed a memorandum of understanding with China’s largest search engine Baidu. Under the agreement, Comico has already started distributing a total of 52 webtoons through Baidu’s popular Tieba, an online community-based group discussion service. Seven Korean webtoons, including “To a lower place,” “World where everyone has become beautiful,” and “Brave civilian,” have also been included in the Chinese service. C
TechnologyJuly 5, 2016
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EU-Korea FTA more beneficial for European automakers
[THE INVESTOR] European carmakers benefited more from the EU-Korea free trade agreement than their Korean counterparts, according to industry data on July 5. Data from the Korea Automobile Manufacturers Association showed that domestic car manufacturers exported 383,698 units of cars to EU countries in 2015, reflecting a 28.6 percent increase from the 298,263 units in 2010. The EU-Korea FTA went into effect in 2011. In 2010, a total of 59,242 European cars were sold in Korea according to the Kor
MobilityJuly 5, 2016
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Korea determined to carry on strong Olympic tradition in Rio
With the 2016 Rio de Janeiro Summer Games about a month away, Korean athletes and sports officials said Tuesday they are determined to carry on a strong Olympic tradition.The countdown to the first Olympics in South America will reach 30 days Wednesday, and the pre-Olympic media day at the National Training Center in Seoul on Tuesday provided an opportunity for the delegation leaders and medal hopefuls to discuss their goals.Kim Jung-haeng, co-president of the Korean Olympic Committee, said Kore
SportsJuly 5, 2016
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New era of multinational K-pop groups dawns
A new generation of multinational K-pop groups is emerging, ready to take on the global music scene.Some earlier experimental groups, such as girl group ChoColat, created by Paramount Music in 2011, included members of German, Italian and Puerto Rican descent. The group, however, has not been active since 2013. Miss A, one of K-pop’s most popular multinational groups with Chinese members Fei and Jia, is facing a shaky future with Jia having left the group’s agency JYP Entertainment in March. On
PerformanceJuly 5, 2016
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Gov’t plans deregulation, R&D support for logistics industry
[THE INVESTOR] Robots, drones and Internet of Things will be deregulated, and receive state R&D support in a government drive to improve South Korea’s logistics industry.Under the plans unveiled by the Ministry of Land, Infrastructure and Transport on July 5, drone regulations will be eased to allow the use of unmanned aerial vehicles for courier services. As part of the plans, businesses involving drones weighing less than 25 kilograms will not be required to meet any capital requirements. In a
IndustryJuly 5, 2016
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[Hallyu Power] B-boy Wing helps Korean break dancing take flight
When it was first introduced by young street dancers in New York City in the early 1970s, the distinctive art of break dancing, or B-boying, was widely seen as a nonglamourous, low-level style of street dance. Despite its absence from the mainstream pop culture spotlight, B-boying eventually made its way to Korea in the ’80s. For decades, however, break dancing was far from the mainstream and had just a small following among young, amateur dancers whose only opportunities to perform were on the
PerformanceJuly 5, 2016
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Samsung Heavy workers to stage strike this week
Workers at Samsung Heavy Industries Co., a major Korean shipyard, said Tuesday that they will go on a partial strike this week to demand the company nix its tough restructuring plan, marking the first time that a troubled Korean shipbuilder faces a labor dispute.The group of workers at the company's shipyard in Geoje, South Gyeongsang Province, announced that the partial strike is scheduled for Thursday.(Yonhap)Samsung Heavy, a unit of the country's top conglomerate Samsung, does not formally al
IndustryJuly 5, 2016
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Imports of European cars soar on Korea-EU FTA
Imports of European cars have grown at a faster pace than exports of Korean cars to the European market since Seoul's free trade agreement with the European Union went into force five years ago, industry data showed Tuesday. Outbound shipments of Korean autos to the EU rose 28.6 percent from 2010 to 383,698 units in 2015, while the registration of European cars here skyrocketed 233.2 percent during the period to 197,396 units, according to the data compiled by the Korea Automobile Manufacturers
BusinessJuly 5, 2016
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[DECODED] Can Genesis survive in the luxury car market?
[DECODED] Hyundai Motor’s aspirations to separate its premium brand Genesis from the globally recognized budget Hyundai image may take much longer than the company expects, market experts said. The nation’s largest automaker plans to completely separate Genesis by 2020 with six models so that luxury-seeking consumers no longer associate it with the cheap and mass-produced Hyundai brand when buying Genesis. “More than 10 years is expected for Genesis to be recognized as a truly separate brand fro
MobilityJuly 5, 2016
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Nexon acquires stakes in server developer
[THE INVESTOR] South Korea’s top game developer Nexon said on July 4 that it has bought stakes in I Fun Factory, a game server engine developer, without disclosing the exact number of shares acquired.As a strategic investor, Nexon will strengthen its partnership with the company in various sectors by applying I Fun Factory’s game server engine technology into its game development and other services. “I Fun Factory has a competitive edge in the server engine sector ... we will closely cooperate
TechnologyJuly 5, 2016
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[ANALYST REPORT] POSCO: Separate earnings solid, but consolidated results to disappoint
Consolidated OP of W676bn, 10.7% below consensus We believe separate 2Q16 OP of W652bn (+12% QoQ, +7.3% YoY) will miss our previous estimate by 9.3% and consensus by 3%. Due to expansion work at theGwangyang #5 blast furnace (from 3,950 cubic meters to 5,500 cubic meters), 2Q16 shipments should reach only 8.76mn tonnes; shy of our previous estimate of 8.96mn tonnes and the biggest reason for the lower OP outlook. Meanwhile, consolidated OP should reach W676bn (+2.5% QoQ, -1.5% YoY), 16.3% below
July 5, 2016
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Samsung willing to learn from Google
[THE INVESTOR] Samsung Electronics on July 5 aired a 20-minute video, titled “Samsung Software Competitiveness Naked,” lamenting about its lack of software prowess directly comparing it with that of the US Internet giant Google. The video, aired early in the morning across Samsung Group’s key affiliates, pinpointed design architecture for software as the key to success stories of software powerhouses such as Google and Facebook. “Facebook’s key competitiveness is software architecture. We also s
TechnologyJuly 5, 2016