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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[Exclusive] Democratic Party of Korea forms US election task force
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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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Seoul seeks to improve foreign nanny program after two abscond
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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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LG to shut down auto engineering business
[THE INVESTOR] LG Electronics will reportedly cease its auto engineering business this year. The tech giant has been running the business for the past 10 years, designing and manufacturing car frames for carmakers. Car companies in emerging nations including Indonesia and India are major customers of the Korean firm. The move is said to be aimed at quelling rumors that the company would jump into the automobile business in earnest. Having set up a vehicle component division in 2013 after mergin
TechnologyJuly 4, 2016
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Indie record shop owners oppose large Itaewon music store
An association of indie record shop owners and their supporters protested in Hannam-dong on Sunday, accusing a new large music store of price dumping, monopolizing music tastes and hurting the livelihood of small businesses.The target of the protest was Vinyl & Plastic, a massive two-story establishment which opened on June 10. The store has over 4,000 vinyl records and 8,000 CDs on sale, and turntables on which customers can listen to music. It is run by Hyundai Card, a credit card company that
PerformanceJuly 4, 2016
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Hanmi Pharm launches biopharma venture firm
[THE INVESTOR] Hanmi Pharm announced on July 4 that it has founded a 10 billion won (US$ 8.7 million) investment company that will invest in biotech and pharmaceutical fields. The new company, named Hanmi Ventures, will be headed by Hanmi IT CEO Lim Jong-hoon, and the capital was raised from Hanmi Pharm chairman Lim Sung-ki and the company’s affiliates. Hanmi Ventures plans to initially focus on investing in pharmaceutical and biotech related fields, and Hanmi Science and Hanmi Pharm will take o
IndustryJuly 4, 2016
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One-third SMEs exporting to Europe brace for Brexit impact
[THE INVESTOR] A third of small and medium enterprises exporting to the UK and Europe expect Brexit to have a negative impact, a survey showed on July 4. In a Korea Federation of SMEs survey on 179 SMEs that export to the UK and the EU, 33.3 percent said that exports will be negatively affected by the development. Destabilization of the foreign exchange market was the most commonly cited reason, followed by tariffs, and UK’s likelihood of falling into a slump after the country exits the EU. Rega
IndustryJuly 4, 2016
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Japan faces demand to shed more light on dark history about Hashima Island
Japan is facing growing demand that it make more efforts to shed light on its dark history related to an island where many Korean workers were forced into labor during World War II.Hashima Island, located off the Japanese city of Nagasaki's coast, was added to the UNESCO World Heritage list in July 2015 for industrial sites used decades ago.South Korea voiced protest against the move as its people were forced onto the uninhabited island in the 1940s to work in coal mines there. UNESCO recommende
InternationalJuly 4, 2016
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Hyundai Merchant to expand Middle East-Asia route
Hyundai Merchant Marine Co., South Korea's No. 2 shipping line, on Monday said it will expand its routes linking the Middle East and the Asian region, as part of efforts to capitalize on a surge in shipping demand following the lifting of sanctions on Iran.The shipper said it will mobilize a total of 12 container ships on two separate shipping routes.So far, the shipping line has been operating just one route between the Middle East and Asia.Hyundai Merchant said it expects its market share for
IndustryJuly 4, 2016
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Korea on alert over signs of rising global trade protectionism
Economic policymakers and business circles in Korea are on alert over signs that trade protectionism is rising across the globe.A report released by the World Trade Organization last month showed that in the seven months leading up to mid-May 2016, G20 economies introduced 145 protectionist measures, the highest since 2009. (123rf)Some economists say this phenomenon may not necessarily prompt a grave worry as it remains within the boundaries of the existing mechanisms and relates partly to the s
July 4, 2016
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Park pledges to rev up efforts for gender equality
President Park Geun-hye on Monday pledged to rev up efforts to realize gender equality to help women reach their "full potential" at their workplaces, saying such efforts would determine national competitiveness.In a video message for an event marking Gender Equality Week, which runs until Thursday, women's participation in the workforce is crucial for the country's economy to make another "leap" forward."Realizing gender equality in tune with global standards is becoming a core (policy) task th
Social AffairsJuly 4, 2016
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‘Descendants of the Sun’ spurs jump in iQiyi subscribers
Korean hit drama “Descendants of the Sun” has been credited for driving up the paid membership of a Chinese video streaming site, a report showed.The Beijing office of the Korea Creative Content Agency said that the TV series was the biggest force behind the jump in the number of paid users of iQiyi, the Chinese broadcasting and video sharing platform, citing the report titled “White Paper on Individual Consumption of Online Videos.”The series was aired in South Korea and China simultaneously ea
TelevisionJuly 4, 2016
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Garibong-dong karaoke murder suspect caught
Police have apprehended the suspect of a murder that took place Sunday night in a karaoke bar in Garibong-dong, Seoul. The suspect, a 53-year-old man, is accused of murdering a woman and severely injuring another at around 11 p.m. on Sunday at a karaoke establishment in Garibong-dong, Guro-gu, Seoul. (YTN YouTube capture)The deceased 45-year-old victim was the owner of the karaoke restaurant. According to the police, she was previously acquainted with the suspect, although the motive for the cr
Social AffairsJuly 4, 2016