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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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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Samsung, top banks to create W2tr green growth fund for SMEs
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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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Korean finance minister refutes Trump's attack on FTA
Korea's chief economic policymaker said Thursday benefits from the free trade agreement with the United States far outweigh the disadvantages, refuting opponents' arguments that the bilateral pact has hurt the American economy and jobs. "Despite the fact that the KORUS FTA has brought enormous benefits to consumers and investors of the two countries, it is no secret that some criticize it based on the increased U.S. current account deficit," Finance Minister Yoo Il-ho said during a meeting with
June 30, 2016
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Outdoor apparel brands exit the market
[THE INVESTOR] Many outdoor gear and apparel brands are closing down their business in response to the sliding domestic sales in the already-saturated outdoor market. Fashion Group Hyungji recently decided to withdraw its outdoor apparel brand Northcape after five years in business. According to industry insiders, Hyungji has already notified its 70 franchise owners across the country. Actress Ha Ji-won and actor Ji Chang-wook model for NorthcapeIn 2011, Hyungji clinched a deal to exclusively se
IndustryJune 30, 2016
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Korean households' excess funds grow in Q1
Excess funds held by Korean households continued to rise in the first quarter despite a dip in their borrowing, while local companies saw their shortage of funds dwindle, central bank data showed Thursday.Excess funds held by local households, including nonprofit organizations, came to 24.3 trillion won ($21.07 billion) as of end-March, up 3.2 trillion won from three months earlier, according to preliminary data from the Bank of Korea.Nonprofit organizations include institutions that serve house
June 30, 2016
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How to grill vegetables right, no matter the shape
Look on the bright side: What with global warming sending our poor, precious planet into a hellbound death spiral, and summer's newly blistering temperatures turning your kitchen into Satan’s sauna, this is the perfect opportunity for you to spend a little more time outside at the grill. So grab your tongs, Prep Schoodents, and let’s grill us some vegetables. Remember that the grilling of vegetables is not an impenetrable mystery like the true identity of Jack the Ripper or the whereabouts of D.
FoodJune 30, 2016
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Shares of Samsung companies soar on chairman’s death rumors
[THE INVESTOR] Shares of Samsung affiliates soared on June 30 after a rumor about chairman Lee Kun-hee’s death began spreading quickly in the afternoon. But Samsung Group flatly denied the rumor. Samsung C&T, the construction and trading unit and the de facto holding company of the group, saw its shares increase almost 5 percent to close at 123,000 won (US$106) compared to the day before. More than 2.2 million shares were traded, a seven-fold surge from the previous day.Other key affiliates such
TechnologyJune 30, 2016
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Afghan fury as Iran, Turkey claim Sufi poet
KABUL (AFP) - Who can lay claim to Rumi, the Sufi mystic who is one of the world’s most beloved poets? A bid by Iran and Turkey to do so has exasperated Afghanistan, the country of his birth eight centuries ago.Tehran and Ankara asked to list the work of Jalal ud-Din Muhammad Rumi as their joint heritage on the U.N.’s “Memory of the World” register in May.The register, falling under the U.N.’s cultural organization UNESCO, was formed in 1997 to protect the world’s documentary heritage -- archive
CultureJune 30, 2016
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Hair salons called on to improve price transparency
Hair salons will be obligated to inform clients of the complete details of their service fees prior to doing the work, effective from July 15. The Ministry of Health and Welfare said Wednesday that the latest industrywide guideline would help eradicate the prevalent malpractice of the enterprises charging more than clients expect. (123RF)This move comes as a response to an incident in early June when a disabled customer was charged 10 times the rate she had expected. The owner of the hair salon
IndustryJune 30, 2016
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[Super Rich] Chaebol Cornell graduates with hold on hotel business
With the prestigious Ivy League known to offer top-notch education, elites with a business family background are flocking to the U.S. universities to gain an edge when they themselves inherit the family business. One Ivy institution located by the natural waterfalls in New York is especially known for its hotel management curriculum: Cornell. Graduates of Cornell University with a major in hotel management are known to dominate the hotel industry. Cornell University (Cornell Website)Of Cornell h
IndustryJune 30, 2016
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Lee U-fan claims alleged counterfeits are authentic
Artist Lee U-fan reiterated Thursday that all 13 paintings that the National Forensic Service identified as counterfeits were authentic and revealed that a police officer tried to get him to say that some of the paintings were fakes.“All 13 paintings are undoubtedly mine,” said Lee at the press conference Thursday in Seoul. “They are created with my own flow, rhythm and colors,” he added. Much to the surprise of many, he claimed that one of the police officers present with him during the examin
PerformanceJune 30, 2016
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Samsung denies rumors of chairman’s death
[THE INVESTOR] Samsung Group on June 30 denied rumors that the company would be officially announcing the death of chairman Lee Kun-hee on this day.“It’s a groundless rumor,” said one high-ranking Samsung Group official on the condition of anonymity.Industry sources said earlier in the day that at 3:00 p.m., Samsung Group would be issuing an announcement of Lee’s death.The chairman has been recovering from a heart attack he suffered in May 2014. Samsung Group chairman Lee Kun-hee (right) and his
TechnologyJune 30, 2016
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SKT to develop 5G technologies with Deutsche Telekom, Ericsson
[THE INVESTOR] Korea leading network operator SK Telecom has signed a memorandum of understanding with Deutsche Telekom and Ericsson to develop core technologies for the next-generation network, or 5G.Through the partnership, the three will conduct trial tests of key 5G technologies including network functions virtualization(NFV), software-defined telecommunications infrastructure(SDTI), and distributed cloud, all of which will provide optimized end-user experiences, SKT said on June 30.The Kore
TechnologyJune 30, 2016
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Mando receives top European quality rating
[THE INVESTOR] South Korean auto parts maker Mando announced on June 30 that products manufactured at its plant in Poland were awarded the top quality rating by the European Foundation for Quality Management.Mando said that it is rare for EFQM to award the top rating in the first assessment, and this reflects the fact that there were no quality issues with the 1.6 million caliper brakes supplied to Volkswagen over the past year.Located in Walbrzych, Mando’s Polish operations began production in
MobilityJune 30, 2016
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Multi Asset rolls outs hedge funds
Multi Asset Global Investments, part of Korea’s Mirae Asset Financial Group, has rolled out its first offering of hedge funds since redirecting its business focus to the alternative investment field, the company said Thursday. The launch came after the Seoul-based Multi Asset beefed up investment professionals to build a more specified, alternative-investment portfolio, catering to investors seeking mid-risk, mid-return investments. Formerly KDB Asset, Multi Asset was acquired by Mirae Asset ear
June 30, 2016