Most Popular
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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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Korea to face another massive shortfall in tax revenue
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Who's lying? Hybe vs. Min conflict continues to intensify
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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[Photo news] Faker Mercedes
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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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FC Seoul coach confident of advancing in AFC Champions League
FC Seoul head coach Choi Yong-soo said Tuesday that he is confident of reaching the quarterfinals at the Asian Football Confederation Champions League despite dropping the opening leg in the round of 16.Seoul, which reached the AFC Champions League knockout stage as Group F winners, last week suffered a 1-0 loss against the Urawa Red Diamonds in Saitama, Japan. To join the last eight, the South Korean side needs a victory by two goals or more in the second leg on Wednesday at home.“Our players a
SoccerMay 24, 2016
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Korea to join Sri Lanka’s $63b smart city project
The Korean government is set to participate in Sri Lanka’s $63.2 billion smart city development project, Seoul’s Ministry of Land announced Tuesday. The project is part of Sri Lanka’s plan to develop nine new towns in Colombo and its adjacent areas by 2030.The Land Ministry said Minister Kang Ho-in and Sri Lanka’s Megapolis Minister Champika Ranawaka inked a memorandum of understanding in Seoul on Tuesday for the partnership of the new city project. “We believe Korea’s experiences in developing
IndustryMay 24, 2016
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ING Life extends sales offer to find buyer
ING Life Insurance will be extending its sales offer by the end of this week to fuel more potential bids for the insurer owned by Korean private equity MBK Partners following lower-than-expected buyout interests, according to news media citing investment banking sources.MBK and ING could not be reached for comments. Morgan Stanley is the sales manager of MBK’s ING Life Insurance.Only about three companies at home and abroad submitted their letters of intent for the insurer on Monday. MBK seeks t
May 24, 2016
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Pangyo Techno Valley posts over 70 trillion won in sales in 2015
The Korean version of Silicon Valley crossed the 70 trillion won ($59 billion) line in gross sales for the first time last year, a report from a think tank of the Gyeonggi provincial government said Tuesday.The number of companies operating at Pangyo Techno Valley, just south of Seoul, reached 1,121 as of the end of last year, up 119 firms or 11.9 percent on-year. Their total sales recorded 70.27 trillion won, also up 1.3 percent from a year before, according to the Gyeonggi Institute of Science
IndustryMay 24, 2016
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International Taurine Meeting kicks off in Seoul
Experts from all over the world gathered in Seoul for the 20th International Taurine Meeting on Tuesday for a conference focusing on the health effects of taurine on the brain, Dong-A Pharmaceutical said Tuesday.Cosponsored by Dong-A Pharmaceutical and the Seoul Metropolitan Government and hosted by the Korean Taurine Society, the four-day conference is a forum for sharing the latest research results about taurine. Seoul is hosting the conference for the first time in the event’s 40-year history
IndustryMay 24, 2016
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Korean designers to open pop-up store in Paris
Ten Korean designers will open a pop-up store at a renowned concept store in Paris next month, a local design foundation said Tuesday.The Seoul Design Foundation said the store, named "Seoul's 10Soul," will open at L'eclaireur in Paris on June 22 and run for three weeks.The designers include those who participated in Seoul Fashion Week, including D. Gnak, Heich es Heich, Nohke and Moohong. "We created the opportunity for the designers' clothes to be actually sold to customers," said Jung Ku-ho w
Arts & DesignMay 24, 2016
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CJ Cheiljedang not buying China‘s MeiHua
CJ Cheiljedang Corp, South Korea’s largest food company, said Tuesday it has decided not buy a controlling stake in China’s MeiHua Holdings Group Co.The Korean company said in a public filing that it could not narrow down differences in negotiations with the Chinese firm.In January, CJ Cheilhedang signed a memorandum of understanding to acquire a controlling stake in the Chinese firm to boost the market share of its own animal feed and food additive business. By Kim Yoon-mi (yoonmi@heraldcorp.co
May 24, 2016
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Mnet to host 'Special M Countdown in China'
Cable music channel Mnet will host the “Special M Countdown in China” at the Mercedes-Benz Arena in Shanghai, China on May 28, production company CJ E&M announced Tuesday. The concert will bring together top Korean and Chinese artistes. Poster for “M Countdown in China” (Mnet) Korean artistes who are performing include seven-member boy band BTOB, five-member rock band FT Island, six-member girl groups G-Friend and T-ara, Jun Jin of idol band Shinhwa, K-pop quartet Sistar, six-member boy band VIX
PerformanceMay 24, 2016
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Battle for TV tech leadership heats up
Competition to take the lead in standardizing imaging technology in the TV sector intensifies as two groups for different tech standards make all-out marketing efforts to win the race.The HDR technology improves contrast ratio and color accuracy. In layman’s term, it helps TVs generate brightness and darkness better and display more real-life colors.Leading the HDR war are the two tech standards -- HDR10, an open-platform standard adopted by a number of firms including Samsung and Dolby Vision,
TechnologyMay 24, 2016
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Mercedes-Benz eyes top spot in sales with new E-Class
Mercedes-Benz on Tuesday unveiled its luxury mid-size business saloon, the new E-class, at a media preview event at Wangsan Marina, Incheon, setting a goal of taking the top spot in sales here in 2016. The Korean unit of the German luxury carmaker has high hopes for the 10th generation of its best-selling luxury mid-size executive sedan. The new E-Class is the best in the segment in terms of performance, consumption and efficiency, the company added. Mercedes-Benz Korea CEO Dimitris Psillakis p
MobilityMay 24, 2016
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New Mexico joining efforts to rehabilitate historic theaters
RATON, New Mexico (AP) -- For years, the Shuler Theater in this once-booming New Mexico mining town sat empty in a desolate downtown. It had long passed its heyday as a hot spot for Italian immigrants and Hispanic workers who visited to take in a traveling show or a newly released movie. But today, the 101-year-old Raton venue again is attracting audiences from as far as Trinidad, Colorado just across the state line for variety shows and will soon be ready to screen any Star Wars movie. That cha
FilmMay 24, 2016
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Ancient Chinese pottery reveals 5,000-year-old beer brew
MIAMI (AFP) - Residue on pottery from an archeological site has revealed the earliest evidence of beer brewing in China left from a 5,000-year-old recipe, researchers said Monday. The artifacts show that people of the era had already mastered an “advanced beer brewing technique” that contained elements from the East and West, according to a study in the Proceedings of the National Academy of Sciences, a peer-reviewed U.S. journal. Yellowish residue gleaned from pottery funnels and wide-mouthed p
CultureMay 24, 2016
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Banksy mystery in Rome -- will the artist show up to exhibition of his work?
ROME (AFP) -- A major exhibition of Banksy’s works opens in Rome on Tuesday and, as ever with the secretive British street artist, there is mystery attached. What will he make of a project he has not been involved in? Will he show up incognito? If he doesn’t approve, will he make his displeasure known on the walls of Rome? The collection of more than 100 Banksy paintings, prints and sculptures sourced from private collections around the world is being billed by organizers as the first time such
PerformanceMay 24, 2016
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Baek A-yeon’s ‘So-so’ sweeps charts
Singer-songwriter Baek A-yeon swept domestic music charts Tuesday with her new single “So-so.” “So-so,” which was released at midnight on Monday, has emerged top on eight music charts -- MelOn, Genie, Mnet, Naver Music, Olleh Music, Bugs, Soribada and Monkey3. The new song, written and composed by Baek, is a neo-urban tune speaking for singles who don’t expect dramatic romance, but hope to fall in love with somebody. The music video for Baek A-yeon’s digital single “So-So” (JYP Entertainment) Th
PerformanceMay 24, 2016
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'Fresh Off the Boat' team reflects on breakthrough sitcom
LOS ANGELES (AP) -- Television is mostly entertaining, sometimes enlightening and, occasionally, can make a difference. The sitcom “Fresh Off the Boat” hits all the marks. Because of it, along with ABC siblings “Black-ish” and “Dr. Ken” (and, at CW, “Jane the Virgin”), network TV’s American family photo album is starting to look authentic. The contribution of “Fresh Off the Boat” is especially notable. It’s the first network prime-time comedy about an Asian-American family since Margaret Cho's “
TelevisionMay 24, 2016
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Korea's Cabinet passes anti-terrorism bill
Korea's Cabinet on Tuesday approved a package of new bills, including the country's first comprehensive anti-terrorism bill that the government stresses is critical for safeguarding the country from acts of violence spreading across the globe.The bill approved in the Cabinet meeting, chaired by Deputy Prime Minister Yoo Il-ho, provides the National Intelligence Service with access to personal information, including financial transactions of terrorism suspects.It also includes plans on establishi
PoliticsMay 24, 2016
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Single stock account to be available for foreigners
Korea will introduce a single account system in a pilot program to make it more convenient for foreign investors to trade stock here, the financial regulator said Tuesday. Under the "omnibus account" system, offshore institutional investors can open a single account at a local securities company to handle stock trading of their clients in Korea.Under the new system, they receive trading orders for Korean stocks from their clients and place the orders with the securities company where they have a
May 24, 2016
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Korea to launch FTA negotiations with Israel next month
Korea said Tuesday that it has come to an agreement with Israel to begin negotiations next month on a free trade deal that could further boost bilateral trade.The first round of negotiations is set for June 27 in Seoul.The decision was reached in a meeting between South Korea's vice trade minister Woo Tae-hee and a senior Israeli official in Jerusalem, according to South Korea.Korea and Israel began talks on a free trade deal in 2009, but progress has been slow amid Seoul's efforts to seal free
May 24, 2016
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Madonna responds to critics of her Prince tribute
Madonna is dismissing critics of her tribute to Prince at the Billboard Music Awards with style. A day after her performance of “Nothing Compares 2 U” and duet with Stevie Wonder on “Purple Rain,” the pop singer took to social media Monday and posted a picture of herself in a purple boa with a flower in her teeth. She wrote that anyone who wants to do a tribute to Prince is welcome to, “whatever your age gender or skin color. If you loved him and he inspired you then show it!!! I love Prince 4 e
PerformanceMay 24, 2016
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Samsung Bioepis submits Remicade biosimilar to U.S. FDA
Samsung Bioepis said Tuesday it has submitted SB2, a biosimilar drug referencing Johnson & Johnson’s rheumatoid arthritis treatment Remicade, for review by the U.S. Food and Drug Administration.SB2 is under review for the treatment of rheumatoid arthritis, Crohn’s disease, ulcerative colitis, ankylosing spondylitis, psoriatic arthritis, and psoriasis, the firm said.Samsung Bioepis' R&D center in Songdo, Incheon (Samsung Bioepis)It is Samsung Bioepis’ first biosimilar to seek entry into the U.S.
IndustryMay 24, 2016