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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College is expensive? In S. Korea, English preschools cost much more
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[Hello India] Hyundai Motor inches closer to IPO in India
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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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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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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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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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PM says Cabinet reshuffle not urgent issue
Prime Minister Hwang Kyo-ahn said Thursday the government is not considering an immediate Cabinet reshuffle, adding it will instead focus on finding solutions to pressing issues that need to be tackled."Now is the time to work harder," Hwang said during a press conference, hinting the government will put more priority on other core issues. The meeting with reporters comes as Hwang marks his first year in office on Saturday.Last week, President Park Geun-hye conducted a small-scale reshuffle of h
PoliticsJune 16, 2016
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Ilbe members charged for identifying wrong woman as rape victim
Members of an extreme right online community were charged for defamation after a failed attempt to reveal the identity of the victim of an island rape case recently in the news, Seoul police said Thursday. Five men from the infamous website had wrongly identified a different teacher from the same school as the victim, and circulated her photo as acquired from the school’s website. (Yonhap)The teacher has since resigned from the school, citing severe psychological distress from the false identifi
Social AffairsJune 16, 2016
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[EXCLUSIVE] Lotte drops DFA bid amid widening probe
[THE INVESTOR] Lotte Group has given up its plans to acquire Duty Free Americas Inc., the largest duty-free operator in the U.S., amid the widening probe that had earlier forced the South Korean retail giant to withdraw plans to list its hotel unit, The Korea Herald found Thursday.“The group has effectively given up on the potential acquisition of a U.S. duty-free operator worth 1.7 trillion won ($1.5 billion), now that the initial public offering of its hotel unit has been indefinitely delayed
June 16, 2016
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Chinese art trading scheme enters Korea
Artworks are usually purchased primarily for aesthetic reasons and are mostly privately owned, but a relatively new Chinese model of art investment allows multiple buyers to share an artwork. The Chinese model of artwork stock exchange, which invites investors to buy and sell shares of artworks, has landed in Korea, with the China National Culture and Art Co., LTD, a holding company under the China’s Culture Ministry, opening the Korea Culture and Artworks Exchange on Wednesday. This marks the
CultureJune 16, 2016
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Johnson, Hart say they really were having that much fun
NEW YORK (AP) -- On their first day shooting “Central Intelligence,” their new spy-themed action comedy, Dwayne Johnson and Kevin Hart were given an extremely difficult scene.Difficult, meaning it was impossible not to break up laughing and ruin the shot. They were playing doctor and patient in a therapist’s office, and they were staring at each other, real close, trying not to blink or speak. For Hart especially, this was very hard to do.“Kevin could just not keep a straight face,” says directo
FilmJune 16, 2016
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Hyundai Glovis pressured to use U.S.- registered vessels
The U.S. government has repeatedly called on Korean logistics company Hyundai Glovis to use ships registered in the U.S. when the company exports cars to the U.S., according to Seoul officials and company sources Thursday. The Washington government’s continued push is seen by industry watchers as trade pressure on Korea in its attempt to offset trade deficits widening after the bilateral free trade agreement that took effect in 2012. (Bloomberg)U.S. government officials including Maritime Admini
IndustryJune 16, 2016
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Park Tae-hwan resumes arbitration proceedings against Olympic ban
Former Olympic swimming champion Park Tae-hwan has resumed his arbitration proceedings against an Olympic ban at the world's top sports tribunal, officials said Thursday.Team GMP, the Seoul-based agency for the Olympic gold medalist, made the announcement during a press conference in Seoul. It was scheduled after the Korean Olympic Committee decided at its board meeting that it wouldn't lift its Olympic ban on Park, reaffirming its long-held stance. (Yonhap)The KOC bans athletes who've served do
Olympic GamesJune 16, 2016
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Music festival in the mountains
The 2016 PyeongChang Music Festival and School, formerly Great Mountains Music Festival and School, will present a refreshing moment to enjoy beautiful harmony in the mountains of Gangwon Province. Cellist Chung Myung-wha and violinist Chung Kyung-wha, artistic directors of the festival, pianist Son Yeol-eum, who was recently appointed as assistant artistic director, and chairman of the Gangwon Art and Culture Foundation Kim Sung-hwan introduced the program and vision of PMFS at the press confer
PerformanceJune 16, 2016
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20 public firms clinch top grades in gov’t grading
20 public firms clinch top grades in gov’t grading[THE INVESTOR] Twenty public companies and state-run agencies were recognized for their efforts to revamp balance sheets in the government-led annual management assessment, the Finance Ministry said on June 16.Of the 116 institutions evaluated by the test’s criteria, the number of A-grade institutions increased from 15 selected a year earlier, followed by 53 B-grade companies and 30 C-grade, the ministry said.The 20 leading companies included the
June 16, 2016
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Artist Cindy Sherman confronts Hollywood cliches
Artist Cindy Sherman confronts Hollywood clichesLOS ANGELES (AFP) - Long before the selfie, there was Cindy Sherman, the shape-shifting artist best known for her often grotesque self-portraits.For the first time in 20 years, some of her most influential works are going on view at Los Angeles’s Broad Museum, focusing on Hollywood’s feminine cliches in the city that invented them.From blond Hitchcock starlets to aging socialites to pin-up housewives, Sherman has imitated the spectrum of feminine t
PerformanceJune 16, 2016
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Seoul stocks dip to almost 1-month low on global uncertainties
South Korean stocks fell to nearly a one-month low on Thursday as the U.S. Federal Reserve struck a cautious note on the global economy amid rising risks of Britain's exit from the European Union. The Korean won firmed against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 16.84 points, or 0.86 percent, to close at 1,951.99, booking a sixth straight losing session. Trade volume was moderate at 432.98 million shares worth 4.38 trillion won ($3.74 billion), with losers overwh
June 16, 2016
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Abu Dhabi's Louvre becomes museum 'on the sea'
ABU DHABI (AFP) - Abu Dhabi’s Louvre museum has been surrounded by seawater in a major step towards completion of the ambitious project, the developer said Tuesday.The contractor has begun removing temporary sea protection walls used during the main construction phase, allowing the “integration of the sea” with the museum, Abu Dhabi’s Tourism Development & Investment Company said.“This delicate process is the result of months of planning and preparation to ensure that the inflow of sea water tak
PerformanceJune 16, 2016
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Korea, China 'in principle' agree on visa exemption for school trips
South Korea and China have agreed "in principle" to exempt visa fees and even the entry visa itself for students on school trips as part of efforts to stimulate personnel exchanges between the two countries, Seoul's foreign ministry said Thursday.The tentative agreement was reached at a meeting between consular affairs representatives of South Korea and China in Beijing on Wednesday, according to the ministry. "In response to our proposal asking for an exemption of visa fees for young people on
InternationalJune 16, 2016
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Picassos settle sculpture custody battle in New York
NEW YORK (AFP) - An international custody battle for a Picasso sculpture worth more than $100 million has been settled in favor of a New York billionaire, forcing the artist’s family to pay agents of the Qatari royal family.The out-of-court deal required Pablo Picasso’s heirs to make an undisclosed payment to London-based agents Pelham Europe, who initially negotiated to buy the sculpture for $47 million on behalf of their Qatari clients.A family dispute prompted the Picassos to renege on the de
PerformanceJune 16, 2016
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Second woman claims sexual assault by Park Yoo-chun
A second woman has filed a complaint against actor and singer Park Yoo-chun for sexual assault, police said Thursday. The complaint comes after the woman who previously claimed sexual assault by Park last week withdrew the charge Wednesday morning. Police, however, said the same day that they would investigate the case nonetheless. The second woman claimed she was assaulted by Park on June 12 in much the same manner as the first woman, inside a bathroom at a Gangnam bar in which she worked, pol
PerformanceJune 16, 2016
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Netflix to expand presence in Korea
[THE INVESTOR] Netflix, the US-based streaming giant, is hiring Korean staff at its local unit to strengthen its presence in the market. The company recently posted four job openings on its own website and LinkedIn, including senior software engineer, partner marketing manager, integrated producer and business development director.The world’s largest video-streaming service with more than 70 million subscribers launched its Korean service in January this year. The Korean launch came as part of t
TechnologyJune 16, 2016
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Japan's Uniqlo targets global stature with fashion identity
TOKYO (AP) -- Japanese clothing chain Uniqlo has leveraged its prowess in mass production to build a fashion empire filled with shelves upon shelves of affordable, good quality items like down jackets, underwear and T-shirts. Now the 17-nation, 1,734-store retailer is on a quest to beat Western giants like Gap, H&M and Zara to become the world's biggest apparel-maker.In the overcrowded, highly competitive casual fashion market, size is important, but no guarantee of success: Analysts say Uniqlo’
Arts & DesignJune 16, 2016
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LG Chem denies sell-off rumors of fertilizer business
[THE INVESTOR] LG Chem, the chemicals and battery unit of LG Group, on June 16 refuted that it was considering sale of the fertilizer business of FarmHannong, an agrochemical firm it recently acquired. The company said it would pour resources into the fertilizer business that is highly likely to see synergies with its basic material business. LG Chem acquired FarmHannong, formerly owned by Dongbu Group, for about 424.5 billion won ($363 million) in April. LG Chem CEO and vice chairman Park Jin-s
June 16, 2016