Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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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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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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[Herald Interview] Portraying a version of god for young people in 'Hadestown'
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High school students gang rape inebriated peer
Eight high school students in South Chungcheong Province who gang raped a fellow pupil while she was drunk were sentenced to prison terms of three to four years Sunday.The Daejeon District Court said the rape occurred twice. (123RF)In early January, four boys asked the 16-year-old victim, with whom they had previous acquaintance, to “have a drink together” then raped and sexually humiliated the victim in her drunken state. In mid-January, two boys from the first case and six more in addition rep
Social AffairsJune 27, 2016
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Prosecutors to summon former VW Korea head
[THE INVESTOR] Prosecutors will soon summon Park Dong-hoon, former head of Audi Volkswagen Korea, to question him over the automaker’s emissions scandal, local news reported. Park, who is currently the chief executive of Renault Samsung, headed Volkswagen Korea from its initiation in 2005 to 2013 until he moved to Renault Samsung. Former head of Audi Volkswagen Korea Park Dong-hoon. He is now the CEO of Renault Samsung.Prosecutors have found out that Audi Volkswagen Korea manipulated documents
MobilityJune 27, 2016
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'Unique shareholding structure may have fueled Lotte feud’
The unique shareholding structure of Lotte Holdings, the Tokyo-based firm that controls Lotte’s operations in Korea and Japan, may have been designed by Lotte Group founder Shin Kyuk-ho with the intention of bequeathing the retail giant to the son who gained more support from employees and executives of the company, Lotte officials in Seoul suggested Monday.Family firm Kojunsha holds approximately one-third of stakes in Lotte Holdings, while the two separate groups of employees and executives of
IndustryJune 27, 2016
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[Herald Interview] CICI chief Choi takes modern look at Korean culture
Choi Jung-wha, a professor at the Hankuk University of Foreign Studies, has released the English version of her new book, “K-Style: Living the Korean Way of Life,” which delves deep into the evolution of modern Korean living. Through her book, the founder and president of the Corea Image Communications Institute intended to arouse interest and curiosity about all things Korea and the Korean way of life. Choi said her desire to raise international interest in Korean society was first ignited dec
BooksJune 27, 2016
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KHNP to invest W1tr in green business
[THE INVESTOR] Korea Hydro & Nuclear Power seek to transform itself into an eco-friendly energy company by investing more in solar, wind and biomass energies, the firm said on June 27. The state-run KHNP, which provides some 40 percent of Korean power supply, announced its road map for new energy business, focusing on investing 1 trillion won (US$848 million) on 10 green projects over the next five years. The projects are related to fuel cell, electric vehicle charging and thermal effluent busin
IndustryJune 27, 2016
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N. Korean defector-students get marine boot camp training
Over a dozen university students who defected from North Korea started intensive boot camp training with the country's Marine Corps so as to experience firsthand the security situation on the Korean Peninsula, a public foundation under the Unification Ministry said Monday. According to the Korea Hana Foundation, 14 North Korean defector-students started a three-day program along with 20 South Korean university students at the Second Marine Division in Gimpo, Gyeonggi Province.Comprising equal nu
North KoreaJune 27, 2016
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S. Korea's military ready to deal with N. Korean dam discharge near border
South Korea's military is keeping close tabs on water levels at a dam near the inter-Korean border and is ready to step in if Pyongyang suddenly discharges water down the Imjin River, the defense ministry said Monday.The water level at the North's Hwanggang Dam bordering South Korea has reportedly risen to near full capacity since May. An abrupt discharge of water from Hwanggang could flood South Korea's Gunnam Dam downriver.Six South Koreans were killed in September 2009 after North Korea relea
DefenseJune 27, 2016
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Brexit to cut Korea's economic growth: foreign IBs
Foreign investment banks expect Korea's economic growth will be cut by up to 0.3 percentage point this year due to Britain's decision to leave the European Union, data showed Monday. Foreign IBs such as the Bank of America Merrill Lynch and Citigroup viewed uncertainties involving Britain's decision last week to leave the EU will have a bigger impact on Asia's fourth-biggest economy than expected declines in exports to Britain, according to the data from the state-sponsored Korea Center for Inte
June 27, 2016
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Korean gov’t to ease regulations on insurers
[THE INVESTOR] Limitations on insurance companies’ investments will be lifted in a bid to help insurers improve finances. The Financial Services Commission said on June 27 that a number of revisions to related laws will be made, and submitted to the National Assembly around September. As part of the measures, the ceiling on overseas real estate and foreign currency insurance companies can hold will be removed. In addition, the limit on bonds, shares and derivatives issued by a single entity will
June 27, 2016