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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THAAD talks ongoing, no decision made on announcing discussion results: defense ministry
South Korea and the United States' negotiations on the deployment of an advanced American defense shield in the Northeast Asian country are still on-going, with the allies remaining undecided over when to announce the results of the talks, the defense ministry's spokesman said Monday. "The THAAD deployment is being discussed by (the allies') joint working group, and based on the results of their discussion, a final decision will be made at the South Korea-U.S.-alliance level," Moon Sang-gyun, sp
DefenseJuly 4, 2016
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Park calls for national unity, tighter vigilance against N. Korea
President Park Geun-hye on Monday called for national unity and tighter vigilance against North Korea, noting the communist state is seeking to trigger division in South Korea and a "crack" in international cooperation against its nuclear development.During a Cabinet meeting, Park also warned against "isolationism and protectionism," stressing that South Korea should be at the vanguard of the efforts to overcome them in the wake of Britain's shocking vote to exit the European Union (EU).Presiden
North KoreaJuly 4, 2016
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Christo's popular floating orange walkway closes
ROME (AFP) - Artist Christo’s orange floating walkway on a northern Italian lake closed Sunday after attracting over 1.2 million visitors, twice as many as expected.The 3-kilometer undulating path made of 200,000 floating cubes has proved a major hit with the public since it opened on Lake Iseo in June.Covered in bright orange fabric, the pier stands in stark contrast to the dark water as it links the small islands of Monte Isola and San Paolo to the shore. “People come from everywhere to walk t
PerformanceJuly 4, 2016
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Korea condemns deadly terrorist attack in Iraq
South Korea on Monday condemned the terrorist attack that killed more than 100 people in Iraq, saying terrorism cannot be condoned for whatever reason.The suicide truck bomb attack, claimed by the Islamic State group, took place in downtown Baghdad Sunday, killing at least 125 people and injuring more than 150 others, according to Seoul's foreign ministry. People light candles at the scene of a massive car bomb attack in Karada, a busy shopping district in the center of Baghdad, Iraq, Sunday, Ju
InternationalJuly 4, 2016
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Korea to offer satellite imagery from new commercial satellite
South Korea is all set to provide the world with high-resolution commercial satellite imagery from its new satellite, a government ministry said Monday.The Korea Multipurpose Satellite-3A, also known as the Arirang-3A, was put into orbit in March last year as part of South Korea's efforts to emerge as a global power in the space sector. (123rf)Built indigenously by the Korea Aerospace Research Institute in charge of the nation's space program, the earth observation satellite offers clear images
IndustryJuly 4, 2016
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Rembrandt's 'Kim and Kanye' back home after 400 years
AMSTERDAM (AFP) - Almost four centuries after Dutch master Rembrandt painted a young married couple, their two portraits are back home in the Netherlands thanks to a unique joint 160 million euro ($178 million) purchase with France.Dating from 1634, the portraits show wealthy Dutchman Marten Soolmans, 21, and his new wife Oopjen Coppit, 23, both wearing black with white lace as they mark a year of marriage.“It’s the first time that they are in public hands, and can be seen” by millions of people
PerformanceJuly 4, 2016
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LG boots business in global hospitality TV market
[THE INVESTOR] LG Electronics unveiled OLED TVs systematically adjusted for the hospitality industry at a global expo, the company’s spokesperson said on July 4. The organic light-emitting diode manufacturer recently displayed its hotel TV models, 55- and 65-inch class televisions at the 2016 Hospitality Industry Technology Exposition & Conference held in New Orleans. The razor sharp design combined with its high definition picture quality, supported fully by LG’s OLED technology is set to provi
TechnologyJuly 4, 2016
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Park to attend ASEM summit in Mongolia next week
President Park Geun-hye will embark on a five-day trip to Mongolia next week to attend the Asia-Europe Meeting summit and hold bilateral talks with her Mongolian counterpart, the presidential office said Monday.Park will leave for Ulan Bator on Thursday next week to attend the 11th ASEM summit, slated to take place on July 15 and the following day. Following the group summit, she will begin her official visit to the resource-rich country, which was arranged on the invitation of Mongolian Preside
PoliticsJuly 4, 2016
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Declining manufacturing sector raises concerns
[THE INVESTOR] With the deterioration of manufacturing sector here, industry experts are concerned that producers may opt for low-cost facilities overseas with local jobs fleeing to other developing countries. According to a report by Hyundai Research Institute, the contribution level of the manufacturing industry to the country’s economic growth has decreased from 3.5 percent in 1970s to 1.4 percent most recently. Experts cite that the decreasing measure of the added value in manufacturing as t
IndustryJuly 4, 2016
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PM vows to avoid tax increase
Prime Minister Hwang Kyo-ahn said Monday the government will make efforts to avoid tax hikes that may burden the people and businesses, amid calls by the opposition parties to raise corporate taxes."Increasing tax will emerge as the burden for the people and should be the last thing the government should consider," Hwang said during his parliamentary interpellation session. He stressed that Seoul has no plans to raise corporate and income tax for the time being."Rather than increasing taxes, we
July 4, 2016
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Hyundai Sonata gets top marks from U.S. consumer reviewer
Hyundai Motor Co.'s midsize sedan, the Sonata, has received the best evaluation from a U.S. consumer magazine, beating those by Toyota Motor and other foreign rivals, a report showed Monday.Hyundai Sonata Hybrid SE clinched the top spot in terms of the best combination of fuel economy and acceleration in a test by Consumer Reports in the midsized car category.Hyundai Sonata Hybrid SE is listed as 39 miles per gallon while it can go from zero to 60 miles per hour in 8.2 seconds.Ford Fusion SE Hyb
MobilityJuly 4, 2016
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Korea's institute on unification to expand work on N.K. human rights
South Korea's state-run institute on unification said Monday it plans to expand its studies on North Korea's human rights issues as a new law aimed at better examining Pyongyang's dismal rights record goes into effect in September.The Korea Institute for National Unification said it plans to strengthen the operation of its center on North Korea's human rights and raise the number of relevant personnel. The move is in line with the government's efforts to strengthen its capacity to probe into the
North KoreaJuly 4, 2016
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Park to host luncheon meeting with conservative civic group
President Park Geun-hye will host a luncheon with the leaders of a large conservative civic group on Monday to call for their support in coping with economic and security challenges, her office Cheong Wa Dae said.The luncheon gathering with the key members of the 1.5-million-member Korea Freedom Federation will bring together some 260 attendees including those leading regional and overseas KFF branches."President Park will encourage KFF members who have contributed to the regional community thro
PoliticsJuly 4, 2016
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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. LG Electronics’ lightweight vehicle frame / LG Electronics The move is said to be aimed at quelling rumors that the company would jump into the automobile business in earnest. Having
TechnologyJuly 4, 2016
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Korea makes 'Creative Korea' new national slogan
The government on Monday officially adopted "Creative Korea" as South Korea's new national slogan and promote it internationally to highlight the importance the country places on fostering creativity.The country had used "Dynamic Korea," as its official slogan ahead of the 2002 South Korea-Japan World Cup.The Ministry of Culture, Sports and Tourism chose the new slogan based on public polls that singled out "creativity," "passion and "harmony" as the three main keywords that can best identify K
Social AffairsJuly 4, 2016
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Insurers' assets to reach 1,000 tln won in H2
The total assets under management of South Korean insurers will reach 1,000 trillion won ($868 billion) sometime in the second half of this year on growing demand for post-retirement products, industry data showed Monday. As of the end of April, domestic life and non-life insurers held a combined 977.59 trillion won in assets, up 2.9 percent from the 950.1 trillion won at the end of December, according to data offered by local insurers. "People are more concerned about life after retirement as K
July 4, 2016
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New FDI in Korea hit new record high in H1
New foreign direct investment pledged to South Korea hit a new record high in the first six months of the year despite rising business uncertainties at home and abroad, the government said Monday.Fresh FDI committed to the country in the January-June period came to $10.52 billion, up 18.6 percent from $8.87 billion a year earlier, according to the Ministry of Trade, Industry and Energy.It marked the largest amount of FDI pledged in history on a half-year basis, surpassing the earlier record of $
July 4, 2016
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Foreign cruise tourists nearly double in H1
The number of foreign cruise tourists visiting South Korea nearly doubled in the first six months of 2016, with the number expected to reach 1.5 million at the end of the year, the maritime ministry said Monday.Some 724,000 foreigners arrived in the country on cruise ships over the January-June period, up 88 percent from 385,000 tallied a year ago, according to the Ministry of Oceans and Fisheries.For all of 2016, 1.5 million cruise tourists are expected to flock to the country's shores, with 84
July 4, 2016