Most Popular
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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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[Hello India] Hyundai Motor inches closer to IPO in India
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College is expensive? In S. Korea, English preschools cost much more
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[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
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Panel decision put prosecution in dilemma over Dior bag case
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'Gyeongseong Creature Season 2': faster and ready to confront past
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2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
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Global drama stars gather for 2024 Seoul International Drama Awards
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Regulator mulls smartphone users TV license fee
[THE INVESTOR] Korea’s media regulator is planning to set up an independent organization to improve the TV license fee system of KBS, a state-run broadcaster, which will likely include a measure to charge smartphone users.The Korea Communications Commission will form an independent group dedicated to assessing the financial structure of state-run broadcaster KBS and improving the broadcasting firm’s TV license fee system, according to a briefing reported to the National Assembly on June 20. The
TechnologyJune 20, 2016
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Hallyu contents to be hit by tougher Chinese regulations
[THE INVESTOR] China has officially announced plans to strengthen regulations on imports of overseas contents, according to China Daily on June 20.The directive issued by the State Administrator of Press, Publication, Radio, Film and Television focuses on producing media embodying “Chinese spirit and value” starting July 1, and is expected to deal a blow to the spread of hallyu, or Korean Wave, contents that have been steadily gaining popularity in the country. Poster of KBS2 drama “Descendants
June 20, 2016
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Korea, Japan, China sign MOU on drone cooperation
[THE INVESTOR] Industrial organizations of South Korea, Japan and China on June 19 agreed to join hands to nurture the nascent drone industry together. The Korea Industrial Technology Association said it has signed a memorandum of understanding with its Chinese and Japanese counterparts on the sidelines of the Shenzhen International UAV (unnamed aerial vehicle) Expo. Korea Drone Industry Promotion Association chairman Lee Hyo-koo (left) and his Chinese and Japanese counterparts pose at an MOU ev
TechnologyJune 20, 2016
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Hanwha begins shipping K9 hulls to Poland
[THE INVESTOR] Hanwha Techwin, Hanwha Group’s weapons and surveillance systems affiliate, announced on June 20 that it began shipping the hull of the K9 self-propelled gun to Poland. K9 self-propelled gun.Hanwha Techwin signed the contract to supply 120 units of K9’s hull to Poland’s state-run defense contractor HSW in December 2014. HSW will attach its own turret to the body to produce the AHS Krab 155-mm self-propelled gun. Six K9 hulls were shipped to Poland on June 20, Hanwha Techwin said. A
June 20, 2016
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Corporate Korea lacks antitakeover measures
[THE INVESTOR] Only 1 percent of Korean companies have set up defense mechanisms against hostile takeovers in recent years, indicating that they are still vulnerable to such threats and shows the lack of corporate governance. Daeshin Economic Research Institute on June 19 looked into 600 listed companies and conglomerate affiliates in Korea where institutional investors or the pension fund hold more than 5 percent stake in the company. Only six of 600, or 1 percent, have established measures aga
June 20, 2016
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KFS strives for greener Korea with urban forests
The Park Geun-hye administration opened the 2016 Government 3.0 Fair for a three-day run in Coex in southern Seoul on Monday, as part of its efforts to enhance communication between government agencies and the public.With the slogan “Government at Your Fingertips,” the fair is displaying 100 booths in seven different categories, exhibiting various services provided by government ministries and agencies to widen public access to administrative data to improve people’s daily lives, officials said.
June 20, 2016
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Korea, China, Japan to bolster drone cooperation
Drone associations from Korea, China and Japan signed an agreement for the collaborative development of the drone industry during the 2016 Shenzhen International UAV Expo at the Shenzhen Convention Center in China on June 18. One hundred participants representing the industry and drone associations, including the Korea Drone Industry Promotion Association, China Drone Industry Alliance and the Japan UAS (unmanned air system) Industrial Development Association, agreed to standardize drone parts a
IndustryJune 20, 2016
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Verbal Jint confesses to drunk driving
Rapper Kim Jin-tae, better known by his stage name Verbal Jint, confessed to drunk driving on his official Instagram on Sunday.On the Instagram, Kim revealed the details of the incident, expressing deep regret.“Four days ago, I got caught driving under the influence in my neighborhood with a blood alcohol level of 0.067 percent, for which my license is expected to be suspended for 100 days,” wrote Kim, adding “It’s all my fault, and I apologize for my reckless actions.” Kim had uploaded this pos
PerformanceJune 20, 2016
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Samsung sees no serious impact from chip plant suspension in China
[THE INVESTOR] Samsung Electronics downplayed any serious impact from the suspension of its chip-making plant in China that was caused by an explosion at a nearby power substation over the weekend. The Korean tech giant on June 20 said that following the explosion some production lines stopped working due to low voltage power and they are working on the resumption in the next three days. Samsung’s first semiconductor fabrication factory in Xian, China“Up to thousands of wafers should be dispose
TechnologyJune 20, 2016
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Minimum wage needs balanced, flexible approach
Minimum wage needs balanced, flexible approachBy Kim Kyung-hoLabor and management representatives continued to run parallel last week at the fourth and latest round of negotiations on setting the minimum wage across the country next year.Labor groups insist that the 2017 minimum wage should be pegged at 10,000 won ($8.59) per hour, up 65.8 percent from 6,030 won this year, while business circles call for a freeze.According to data from the Minimum Wage Commission, Korea’s minimum wage rose by an
June 20, 2016
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BTS electrifies Chinese fans
K-pop boy band BTS attracted about 6,000 fans to their 2016 BTS Live “Young Forever on stage: epilogue” Asia Tour concert at the Macau Studio City Event Center on Saturday, the group’s agency Big Hit Entertainment said Monday. The group’s first concert in Macau garnered great attention from Chinese fans and media, added the agency. The 6,000 concert tickets sold out immediately after going on sale last month, and Chinese media outlets including TVB, Apple Daily and Next Magazine spotlighted the
PerformanceJune 20, 2016
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China restricts TV shows based on foreign formats
BEIJING (AP) -- China is restricting the broadcast of TV shows that use formats from abroad such as “The Voice of China,” which is based on a Dutch talent show. The broadcasting regulator says the move is intended to lead to more innovation and original programming among Chinese TV channels. The State Administration of Press, Publication, Radio, Film and Television has issued similar orders in the past to satellite TV channels, limiting variety and other entertainment shows, reality programs and
TelevisionJune 20, 2016
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Kakao Pay users top 10 mln
South Korea's top mobile messenger operator Kakao Corp. said Monday its mobile payment platform Kakao Pay currently has more than 10 million users, roughly 19 months after its launch in the country.Introduced in September 2014 and similar to the world-famous PayPal, users pre-register their credit and debit cards, and make transactions simply by typing in their passwords. Kakao, which has been rolling out various services on the back of 38 million local users of the KakaoTalk mobile messenger, s
TechnologyJune 20, 2016
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Former senior prosecutor indicted over lobbying scandal
A prosecutor-turned-lawyer suspected of peddling influence for his client and evading taxes was indicted Monday as part of a probe into a snowballing corruption scandal that is rocking the country's legal sector.The Seoul Central District Prosecutors' Office indicted Hong Man-pyo over allegations he received some 300 million won($251,000) from the chief of local cosmetics brand Nature Republic, Jung Woon-ho, to cover up his overseas gambling charges in August 2015.Before the businessman was indi
Social AffairsJune 20, 2016
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Pianist Cho Seong-jin honored to work with London Symphony
LONDON (Yonhap) -- Korea's award-winning pianist Cho Seong-jin said it was an honor to record an album with the London Symphony Orchestra, one of the world’s most celebrated orchestras.The 21-year-old prodigy recorded his first studio album at London's Abbey Road Studios on June 11-12 under an exclusive contract with the global record label Deutsche Grammophon.He performed Chopin’s Piano Concerto No. 1 with the orchestra led by the Italian conductor Gianandrea Noseda there. The album is schedule
PerformanceJune 20, 2016