Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Suicide attempts spike among youth in Korea
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Korea, China, Japan vow to address yellow dust and climate change
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Trade ministers of S. Korea, China hold talks in Beijing
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AmorePacific chief sees more growth potential in China
The head of AmorePacific Co., South Korea‘s top cosmetics company, has reaffirmed his commitment to the Chinese market, saying he sees more room for growth among middle-class consumers there.“By 2020, the middle class population is expected to reach 500 million, and its size and influence will greatly expand in the next decade,” AmorePacific CEO Suh Kyung-bae was quoted as saying during a monthly meeting with senior company officials earlier this month.AmorePacific has been showing stellar perfo
IndustryMarch 31, 2016
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Molester father jailed for 8 years
A Korean man who molested his underage daughter on multiple occasions was sentenced to eight years in prison by a high court Wednesday. The 45-year-old man surnamed Kim, had custody of his daughter after his divorce in 2010. When she was 10 years old, Kim took his daughter to the bathroom to wash together where he made her touch his private parts and perform sexual acts, according to court reports. His abuse continued for five years until August 2015. (123RF)Daejeon High Court said, “A father wh
Social AffairsMarch 31, 2016
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Mercedes-Benz penalized for mishandling customer data
An auto-financing unit of Mercedes-Benz Korea, was penalized by local authorities for failing to take sufficient measures to protect customer information, industry sources said Thursday.The Financial Supervisory Service has issued a warning to Benz Financial Service Korea and ordered the firm to remedy the situation, they said.Benz Financial Service Korea was found to have allowed unauthorized personnel to access personal customer information. In addition to the warning, the watchdog called for
IndustryMarch 31, 2016
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LG Innotek unveils upgraded wireless charging modules
Korean electric component maker LG Innotek has unveiled its new wireless charging modules with a charging speed that is three times as fast as its conventional peers. LG Innotek’s new modules are capable of delivering 15 watts of output power, the same as wired charging modules. But they can be charged three times faster than existing 5-watt wireless charging modules. A model poses with a wireless smartphone charger pad installed with LG Innotek’s 15-watt power-receiving modules. (LG Innotek)Th
TechnologyMarch 31, 2016
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Olympic football seed meaningless to South Korea: coach
South Korean Olympic football team head coach Shin Tae-yong said Thursday it is pointless to talk about the country having a second seed at the group draw.Japanese media have reported that South Korea are placed in the second-seeded pot with Nigeria, Honduras and Iraq for the Summer Games in Rio de Janeiro, Brazil. According to reports, Japan have taken the top seeds along with host Brazil, Argentina and Mexico. Sweden, Fiji, Portugal and South Africa are in the third-seeded pot, while Colombia,
Olympic GamesMarch 31, 2016
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Court rules ban on voluntary prostitution constitutional
The Constitutional Court ruled in a 6-3 vote Thursday that the law punishing voluntary prostitutes is constitutional.In 2012, the Seoul Northern District Court brought the anti-prostitution law before the constitutional court, after a woman, who was indicted for having sex in exchange for money, asked that the matter be reviewed by the high court.Under the law, prostitution is a crime that carries up to one year in prison or 3 million won in fines, with an exception that those who are forced int
Social AffairsMarch 31, 2016
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Xiaomi steps up marketing in Korea
Chinese electronics firm Xiaomi on Thursday pledged to expand its presence in Korea by offering a wider variety of products. At a media event in Seoul on Thursday, the company showcased a diverse lineup that included flat and curved ultra-high definition TVs, a water dispenser, self-balancing electric scooter NineBot, air purifiers, and fitness bands. Lee Joon-sok, the chief executive of KomaTrade, one of the official Korean sales partners of Xiaomi, speaks at a press event in Seoul on Thursday.
TechnologyMarch 31, 2016
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[Photo News] G5 hits stores
G5 HITS STORES -- Korea’s three main mobile carriers, SK Telecom, KT, and LG Uplus, started selling LG Electronics’ G5 marquee smartphone in Seoul on Thursday. (LG Uplus)
TechnologyMarch 31, 2016
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Lotte Rental holds most rental cars in Asia
Lotte Rental, the car rental service unit under Lotte Group, said Thursday that it had the most cars of any Asian rental firm, including Japan’s Toyota Rent-a-Car. Compared to the Japanese company’s 110,000 units, Lotte boasts 130,000 units as of last year, ranking first in Asia and sixth globally, according to the Korean car rental association. Lotte Rental’s promotion poster Lotte RentalLotte said it aims to rank fourth globally by 2020. Lotte has retained its No. 1 position domestically, hav
MobilityMarch 31, 2016
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Samsung's Kwon Oh-hyun the highest-paid professional manager in 2015
Samsung Electronics Vice Chairman Kwon Oh-hyun was South Korea's highest paid chief executive in 2015, as the professional manager topped executive annual salary rankings with 14.95 billion won (US$13 million), company data filed with the Financial Supervisory Service showed Thursday.Shin Jong-kyun and Yoon Boo-keun, who are respectively in charge of Samsung's IT and mobile communication and consumer electronics divisions, earned 4.8 billion won and 3.7 billion won, respectively, according to th
BusinessMarch 31, 2016
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[Graphic News] Salaries of workers rise slightly, working hours fall
Employees of companies with at least five workers received average monthly pay of 3.56 million won ($3,110) as of January, up 6.4 percent from a year before, the Ministry of Employment and Labor said.Permanent employees received an average of 3.75 million, compared to temporary and contract-based workers’ 1.5 million won.Average monthly working hours were 168.8 per employee, shorter by 6.2 hours from 2015.
Social AffairsMarch 31, 2016
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‘Judgment days’ and ‘sacrificing lives’: The colorful language of Korean politics
Korean politics has often attracted wonder and ridicule for its politicians’ dramatic speech and metaphors. With the official campaigning for parliamentary elections kicking off Thursday, a slew of candidates declared their passion to the public, adding to the growing volume of remarkable statements in Korean politics."I step forward with a desperate heart, resolute to save this country,” wrote Kim Moo-sung, the ruling Saenuri party’s representative, who visited the Seoul’s public cemetery for t
Social AffairsMarch 31, 2016
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Celebrities to rally support for parliamentary hopefuls
A number of candidates for next month's parliamentary elections are moving to mobilize well-known celebrities to drum up support as they race to win in the April 13 polls.The role of such stars who can generate positive publicity is a welcome addition to any candidate as public disenchantment toward politics is growing amid party infighting and bickering among key figures.Actor Song Il-kook, the son of former actress and ruling Saenuri Party lawmaker Kim Eul-dong, is expected to lend support to
PoliticsMarch 31, 2016
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New study shows gender gap narrowing in book coverage
NEW YORK (AP) -- A new study of literary publications finds that men remain the majority of book reviewers and authors reviewed, but the gap is narrowing. VIDA, otherwise known as Women in Literary Arts, told the Associated Press on Wednesday that the New Republic and Harper's were among those showing notable increases in the representation of women in their book coverage. VIDA chair Amy King said the report showed some “upticks worth noting,” but also cautioned against possible backlash that “h
BooksMarch 31, 2016
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Overseas N. Korean workers earn $50-100 per month, subject to heavy labor
North Korean workers dispatched overseas are suffering through 17 hours of heavy labor every day and earn a meager $50 to $100 per month, a South Korean civic group said Thursday.North Korea has sent more than 50,000 workers abroad, mainly to China and Russia, as it seeks to obtain dollars despite poor working conditions in these countries. According to testimony presented at a seminar in Seoul, North Korean laborers dispatched overseas are forced to work excessively long hours starting at 6 a.m
North KoreaMarch 31, 2016
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In Hollywood's backyard, a push to rectify arts inequities
LOS ANGELES (AP) -- Miles from the Hollywood Walk of Fame and the red carpet, Steve Shin belts out tunes on a piano scarred with nicks and love notes written in scratches, teaching children how to sing. In scores of other middle schools, his students might have already learned how to read the notes on a scale. But years of cuts have stripped arts classes from much of the Los Angeles district, leaving many children in the world‘s entertainment capital with no instruction in music, visual arts, da
PerformanceMarch 31, 2016
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Korea, U.S. to expand ties on science, technology
South Korea and the United States agreed Thursday to broaden their partnership on science and technology, such as cybersecurity and innovation.The agreement came after Choi Yang-hee -- minister of science, ICT and future planning -- held the talks earlier with John Holdren, senior adviser to President Barack Obama on science and technology issues in Seoul.It marked the 9th session of the joint committee meeting on science and technology cooperation between the two sides.The biennial forum, launc
DefenseMarch 31, 2016
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Hyundai Rotem completes production line in Brazil
Hyundai Rotem, a train-making unit of Hyundai Motor Group, said Thursday it completed a railway production line in Araraquara, 280 kilometers from Sao Paulo, Brazil, to spur the railway business in South America. It is the firm’s third plant overseas after the production line in Turkey and the U.S.“The company expects the Brazilian plant with annual production capacity of 200 train units to take a hub role in spurring its business in Central and South America,” a company official said. The compa
IndustryMarch 31, 2016
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Getting some shut-eye at the movies
What do you do when you are desperately in need of a lunchtime nap after a night of burning the midnight oil, or, as the case may be, drinking the night away. If you work in Yeouido, Seoul's financial hub, and have 10,000 won ($8.70) to spare, you could make a dash for the Yeouido CGV where the movie theater chain transforms its Premium Theater into a cozy sleep nook during lunch hours, Monday through Thursday. The interior of the Premium Theater at Yeouido CGV (CGV) “Plenty of office workers vi
CultureMarch 31, 2016
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Family-controlled firms show higher profitability: report
Family-run companies were found to generate higher profitability compared to rivals, a report said on Thursday, claiming that involvement by "owner" families leads to good business results.According to the report compiled by the Korea Economic Research Institute (KERI), 4,683 family-controlled firms here posted a return on asset (ROA) ratio of 3.7 percent between 2000 and 2014.A family-controlled firm in the report is defined as family members having a stake of 20 percent or more, or two or more
CompaniesMarch 31, 2016