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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13 percent of Koreans think they are 'inadequate parents'
A full 13 percent of South Koreans think they are inadequate as parents for their children, the largest portion of them citing their “overly emotional behavior” around their kids, a government study showed Monday.The study, organized by the Gender Ministry, surveyed 1,000 parents with children in schools. Of the children, 635 children were aged 10-12. Among the surveyed parents, 31.7 percent perceived themselves to be good parents, while 55.3 percent said they were neither good nor bad as mother
Social AffairsJune 27, 2016
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New FC Seoul boss vows to keep football club's legacy alive
Hwang Sun-hong, new head coach for Korean football club FC Seoul, said Monday he will try his best to produce good results despite the pressure to keep the club's legacy alive.Hwang officially became the 11th head coach of FC Seoul as he succeeds former boss Choi Yong-soo, who left for Chinese club Jiangsu Suning last week. Hwang, who will guide Seoul through the end of the 2018 season, will make his return to the top-flight K League Classic for the first time in seven months. He resigned from a
SoccerJune 27, 2016
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Prosecution to summon Lotte founder’s daughter
Prosecutors will summon Shin Young-ja, the eldest daughter of Lotte founder Shin Kyuk-ho soon to question her over allegations that she received kickbacks in exchange for a business favor to a local cosmetics company.Investigators at Seoul Central Prosecutors‘ Office said Monday that they had secured testimonies to prove that she ordered Lotte officials to offer floor space for Nature Republic at the retail giant’s duty-free stores. (Yonhap)She also ordered them to give the cosmetics company a p
IndustryJune 27, 2016
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N. Korea proposes joint highway construction project to China's Liaoning Province
North Korea has proposed to China's Liaoning Province a joint project building an expressway linking Dandong in the northeastern Chinese province with the North Korean city of Gaesong, a source familiar with North Korean affairs said Monday.According to the source, the North Korean authorities made the proposal that they and the Liaoning provincial government will hold a groundbreaking ceremony for the project on July 27.North Korea initially wanted to push ahead with the project in April, but "
North KoreaJune 27, 2016
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Ex-DSME chief quizzed by prosecution
Prosecutors on Monday called in the former CEO of Daewoo Shipbuilding & Marine Engineering as part of its expanding probe into allegations that he speculated with trillions of won through accounting fraud. The Seoul Supreme Prosecutors’ Office said it summoned ex-CEO Nam Sang-tae on charges of breach of trust while the 66-year-old was serving the post from 2006 to 2012. Former DSME chief Nam Sang-tae answers questions from reporters before being summoned to the Seoul Supreme Prosecutors’ Office
IndustryJune 27, 2016
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Samsung Electronics to simplify job titles
Samsung Electronics will implement a comprehensive reshuffle of work positions by simplifying seven job titles into four starting from March, the company said Monday.According to a set of plans, Samsung will also add the Korean suffix “nim” to every employee’s name, regardless of their job positions to promote horizontal communication and to increase work efficiency. The reform plan is set to remove existing job titles like daeri (assistant manager), gwajang (manager) and bujang (team leader) an
IndustryJune 27, 2016
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Hyundai, Kia eye green car expansion abroad
[THE INVESTOR] South Korea’s major automakers are seeking to expand sales of their eco-friendly vehicles to other countries this year, local news reported Monday. Hyundai Motor plans to sell its Ioniq Hybrid in the U.S. and European markets in the second half of this year. Hyundai’s latest green car boasts fuel efficiency of 22.4 kilometers per liter and it is likely to compete with the Toyota Prius, the market leader of hybrid vehicles. Ioniq Electric, the automaker’s first electric vehicle und
MobilityJune 27, 2016
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Seoul expects $12.5 billion foreign visitors spending
[THE INVESTOR] Seoul will be Asia-Pacific region’s fifth most visited city in 2016, with foreign visitors spending US$12.5 billion, MasterCard’s analysis showed on June 27.According to MasterCard’s analysis, about 10.2 million foreigners will visit Seoul throughout the year, and their spending in the city will come in at about US$12.5 billion. In terms of the number of visitors, Korea’s capital will be the region’s fifth most visited city, and fourth in terms of money spent by visitors. The top
IndustryJune 27, 2016
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Inconsistent fiscal policy draws criticism
The government is expected to unveil a plan to set aside about 10 trillion won ($8.4 billion) in supplementary budget Tuesday when it announces economic policy directions for the second half of this year.In a meeting with lawmakers from the ruling Saenuri Party on Friday, Finance Minister Yoo Il-ho said he would actively consider drawing up an extra budget if it was to pass parliament within the next month. Finance Minister, Yoo Il-ho (Yonhap)Two days earlier, Yoo, who doubles as deputy prime mi
June 27, 2016
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[Photo News] Brainstorming against Brexit fallout
Hwang Young-key (center), chairman of the Korea Financial Investment Association, speaks during a meeting with heads of brokerage houses convened to discuss the fallout in the nation‘s financial markets from Brexit on Monday. (Yonhap)
June 27, 2016
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K-ITC Born2Global Center and its Members ⑤ JD SOUND
Sound equipment company JD SOUND announced Monday that it will be holding a crowdfunding campaign through the U.S. crowdfunding platform Indiegogo on July 6. Its goal is to secure $2 million in funding for its new portable DJ device. In June 2016, JD SOUND managed to raise approximately 53 million yen ($520,667) through Makuake, a Japanese crowdfunding platform.JD SOUND has created a portable and mobile app version of its DJ device, enabling users to create and listen to premium quality music no
TechnologyJune 27, 2016
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Busan mayor accepts plan to expand Gimhae airport
Busan Mayor Suh Byung-soo on Monday accepted the central government's decision to expand the existing airport in the southern port city, giving a boost to the ruling Saenuri Party's efforts to unify the party that has been fractured by the divisive issue.Suh also apologized for failing to make good on his pledge to host a new airport on Gaedeok Island in Busan, but refused to bow out despite his earlier vow to resign should he fail to win the airport project that pitted the island against Miryan
Social AffairsJune 27, 2016
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DiYPRO to feature holographic display at KCON Los Angeles in July
Optics company DiYPRO announced Monday that it will be featuring a holographic display at the KCON festival next month in Los Angeles. DiYPRO’s display panel produces a holographic screen by combining multiple two-dimensional videos. CEO Kim Myung-joong said that the company will be featuring the display at CES next January as well.Holographic technology, which has been gaining attention for its potential applications to next-generation displays, is based on optics—in other words, lens technolog
TechnologyJune 27, 2016