Most Popular
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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Shut up and dance
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Israel targets Palestinian group in first strike on Beirut center
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Yoon warns North Korea against nuclear attack attempt
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Brit pop legend Oasis to perform in Seoul next year
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BTS’ Suga fined W15m for e-scooter DUI
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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More nuclear, missile tests required for Pyongyang to master Miniaturization technology
Additional nuclear and missile tests would be required for North Korea to master the technology to put a nuclear warhead on a long-range ballistic missile, a recent U.S. congressional research report said.The Congressional Research Service made the assessment in the Jan. 15 report, titled "North Korea: U.S. Relations, Nuclear Diplomacy, and Internal Situation," saying the official position of the director of national intelligence is that the North "has not yet demonstrated the full range of capa
World NewsJan. 21, 2016
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Samsung sued in Netherlands over Android updates
The Dutch Consumentenbond, the largest consumer advocacy group in the Netherlands, has filed a lawsuit against Samsung Electronics, accusing the Korean tech giant of having delayed software updates for its Android smartphones. The group had been in talks with Samsung about the issue, but no positive outcome was reached, they said. “We saw no other option but to file suit,” the group said in a statement Monday. Citing its own research, the group said that 82 percent of Samsung phones sold in the
TechnologyJan. 21, 2016
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Hanwha Q Cells sells U.K. solar plant in W100b block deal
Hanwha Q Cells, the solar energy unit of South Korea’s Hanwha Group, has sold off its three solar power plants in operations in the United Kingdom to NextEnergy Solar Fund in a 100 billion won block deal. (Hanwha Q Cells)The company said Wednesday it sold Fenlend Farm (20.4 MW), the Green End PV parks (24.8 MW) and the Tower Hill Solar Park (8.1 MW) to the U.K.-based fund earlier this month.The block deal also marks the first time that Hanwha has sold its solar plants -- built exclusively with
IndustryJan. 21, 2016
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Seoul shares open flat
South Korean share prices opened nearly flat Thursday despite some support from tech and logistics stocks. Screens display market numbers at a South Korean brokerage in Seoul. (Yonhap)The benchmark Korea Composite Stock Price Index added 2.07 points, or 0.11 percent, to 1,847.52 in the first 15 minutes of trading.But the index soon fell into the negative, and was trading more than 1 percent lower at 1843.86 as of 9:46 a.m. Samsung Electronics opened 0.97 percent higher, and No. 1 chipmaker SK hy
Jan. 21, 2016
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Doosan to speed up asset sales
Financially embattled Doosan Group is expected to spur the sales of its core assets, industry sources said Thursday.At the top of the list is Doosan Infracore, the group’s flagship construction equipment-maker, which is set to soon seal a 1.3 trillion won ($1.08 billion) deal to sell its machine tool business unit to a private equity fund operated by Standard Chartered.Standard Chartered was named as the preferred bidder for the deal last month. Doosan Group hopes to slash Doosan Infracore’s deb
IndustryJan. 21, 2016
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Inter-Korean trade hits record high in 2015
Trade between the two Koreas hit an all-time high in 2015 despite tension over Pyongyang’s nuclear weapons, a local trade association said Thursday.North Korean workers are seen on duty at the Gaeseong industrial complex. (Yonhap)The volume reached $2.71 billion last year, up 15.8 percent from a year earlier, according to the data from the Korea International Trade Association. The figure was the largest ever on record. South Korea’s shipments to the North grew 11 percent on-year to $1.26 billio
Jan. 21, 2016
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CJ O Shopping to air home shopping channel in Malaysia
CJ O Shopping plans to launch a home shopping channel in Malaysia in a joint venture with Media Prima TV Networks, a major Malaysian media group. The home shopping unit of CJ Group said it would start airing the new shopping channel in the first half of the year. The primary target will be the rising middle-class consumers in the Southeast Asian nation. CJ O Shopping will invest up to 19 billion won ($15.7 million) to assume a 49 percent stake in the channel. Media Prima TV Networks will make up
IndustryJan. 21, 2016
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LS Cable nabs $100m deals from Canada, U.S.
South Korean wire and cable-maker LS Cable & System said Thursday it has won deals worth a combined $100 million to supply submarine cables to the U.S. and Canada. LS Cable will replace undersea cables for the New York Power Authority under a deal worth $47 million. The South Korean firm said it also won a separate $54 million deal from Canada.LS Cable currently operates Asia’s largest undersea cable-producing plant.The global market for undersea cables is expected to reach 8 trillion won ($6.6
IndustryJan. 21, 2016
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Mercedes-Benz targets double-digit growth in 2016
Dimitris Psillakis, CEO of Mercedes-Benz Korea, speaks at a press briefing at a Seoul hotel on Wednesday. Mercedes-Benz KoreaMercedes-Benz Korea on Wednesday said it expects a double-digit growth in sales this year, retaining its market dominance in the premium segment. “We aim for a double-digit growth this year, outperforming the imported auto market which is forecast to grow by 8.5 percent according to Korea Automobile Importers & Distributors Association,” said Dimitris Psillakis, CEO of the
MobilityJan. 21, 2016
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Western China emerges as promising market
Christina Hau, general manager of operations at Wharf Holdings. Lee Min-hee CHENGDU, China ― Western China is fast emerging as a powerhouse in the global retail market, thanks to the growing spending power of the middle class and support of the local administration, said a Hong Kong-based shopping mall developer working in the region’s Sichuan province. The southwestern province has a population of over 100 million. Its capital city of Chengdu has 15 million residents, and houses 268 Fortune 500
IndustryJan. 21, 2016
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Anxiety in the air as Davos World Economic Forum kicks off
DAVOS, Switzerland (AP) -- A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence in financial markets, slowdown in China and plunging oil prices. As global stock markets suffered another day of hefty losses and oil prices sank to fresh 12-year lows, there was a high degree of concern about the outlook for the global economy this year. High on the agenda was plunging oil price
World BusinessJan. 20, 2016
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Oil dives to fresh 12-year low under $28
LONDON (AFP) - Oil plunged to fresh 12-year lows under $28 on Wednesday, slammed by gloomy economic forecasts, China‘s slowdown and abundant crude supplies. In morning deals, US benchmark West Texas Intermediate (WTI) for February delivery tanked to $27.32 per barrel, a level last seen on September 24, 2003. The contract later stood at $27.80, down 66 cents from Tuesday’s closing level. The global oil market has collapsed further since the International Energy Agency warned Tuesday that the oil
World BusinessJan. 20, 2016
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S. Korea aims to attract 8 million Chinese tourists this year
South Korean President Park Geun-hye voiced hope Wednesday that many Chinese tourists will visit Seoul as she celebrated the year of visiting Korea in China.In 2014, Park and her Chinese counterpart Xi Jinping designated 2015 and 2016 as the year of visiting China and the year of visiting South Korea, respectively. “I am pleased to invite Chinese people to South Korea,” Park said in a video message at a ceremony marking “The Year of Visit to Korea” in China. She also asked Chinese tourists to vi
NationalJan. 20, 2016
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Korean start-ups eye Southeast Asian tech boom
As global-bound Korean start-ups struggle to break into the fray of competition in the U.S. and China, a handful are seeking the road less traveled, but booming with potential -- to Southeast Asia. Internet penetration from the Philippines to Indonesia has more than quadrupled in the past five years as rising incomes and rapidly developing infrastructure have allowed nearly 200 million users across the diverse region access to mobile services. And the popularity of Korean pop culture, from musi
TechnologyJan. 20, 2016
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Free English walking tour offered in Seoul
Student volunteer group Seoul Free Walking Tour will run guided walks around the city’s historic center of Jeong-dong and Bukchon, an area east of Gyeongbokgung Palace that is famous for its traditional houses.The Jeong-dong tour starts at Gyeongbokgung Station and visits sites around Deoksugung Palace, many of which are related to early Western involvement in the country in the late Joseon era.The Bukchon tour starts at Anguk Station, moves to the Bukchon Cultural Center and then to Gyedonggil
Expat LivingJan. 20, 2016
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U.S. military portrayals of Korea examined
The Royal Asiatic Society, Korea Branch will host a talk by veteran expat Jacco Zwetsloot on the portrayal of Korea in U.S. military media under the U.S. Army Military Government of Korea from 1945-48. He will focus on Korea Graphic, the weekly newspaper printed by the Troop Information and Education section of the 24th Corps for troops stationed in the U.S. zone of occupation. As U.S. troops were discouraged from getting too close to the country, Korea Graphic was a key source of information fo
Expat LivingJan. 20, 2016
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Seoul seeks student volunteers
Seoul Metropolitan Government is seeking student volunteers to help out with the city’s community projects.The volunteers will participate in group volunteer events, give online classes on foreign languages and culture to children living in island areas, and help with translation, cleaning and other services at Gwanghwamun Plaza Flea Market. Those who teach children from island areas at least twice a week over 10 months will be eligible for a scholarship of up to 2.5 million won from KT.Voluntee
Expat LivingJan. 20, 2016
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Foreign craft fairs to open in Seoul, Busan
Two foreign cultural markets will open in Seoul and Busan this month with a selection of handicrafts from vendors based across the country.Celebrating its first anniversary, the monthly Busan Foreign Culture Market will open Saturday at Owl and Pussycat, Hq, Beached Bar & Sharkys Bar in the city’s Gwangan area, with a magical theme.The market will feature handmade accessories, stationery, soaps and scents, many of which will have touches from “Harry Potter.” Busan Abandoned Pet Sanctuary will al
Expat LivingJan. 20, 2016
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Taxing times for expat earners
Along with a new year, January heralds a new nuisance – end-of-year tax settlements. The Korean tax year is the same as the calendar year, and for most employees, tax is deducted from monthly pay based on estimates, and the end-of-year settlement is used to make corrections to that estimate. However, some deductions are not available to foreign taxpayers, and what counts and does not is not always obvious to expats. (123RF) Exemptions are available for recorded cash and card spending, dependents
Expat LivingJan. 20, 2016
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Elderly households become key factor in domestic consumption
With the aged population growing rapidly in the country, it is becoming an increasingly urgent policy task to increase spending by elderly households while preventing them from falling below the poverty line.According to a study by the Hyundai Research Institute, a private think tank, the proportion of householders aged 60 and older is projected to rise from 28.1 percent in 2014 to 35.2 percent in 2020 and 46.9 percent in 2030. In contrast, the corresponding figure for those in their 30s-50s is
Jan. 20, 2016