Most Popular
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Yoon warns North Korea against nuclear attack attempt
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Seoul mayor suggests shift in immigration policy
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'Smart pill'? ADHD treatment prescriptions spike this year
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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AI textbook bubble could burst, expert warns
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Man calls 119, found dead 1 week later because officials went to wrong place
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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Samsung tightens its belt amid crisis winds
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[Photo News] Kick off Christmas season with carols by Asiana
Asiana Airlines employees pose with Christmas carol album “Christmas Time Again,” produced by the Korean air carrier and supported by Arts Council Korea, at Asiana’s headquarters in western Seoul. Having started Tuesday, Asiana offers five Christmas carol tracks free of charge via its homepage www.flyasiana.com. (Asiana Airlines)
IndustryDec. 1, 2015
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British Airways appoints new commercial manager for Seoul
British Airways has appointed Manuel Alvarez as the new commercial manager for Korea, the company said Tuesday. Alvarez served as commercial manager of Iberia Airlines, the Spanish air carrier under British Airways owner International Airlines Group, for Lebanon and Algeria. He had worked in the sales department of British Airways and IAG since 2011. Manuel Alvarez (British Airways)“Korea is a very important market for British Airways. I am delighted to be serving our customers in one of the mos
IndustryDec. 1, 2015
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[Photo News] POSCO E&C wins $900m power plant deal
Oh Kun-so (third from left), executive vice president of POSCO Engineering & Construction, and other executives form U.S. energy firm AES pose Tuesday after signing a $900 million contract to design and construct a 600-megawatt coal-fired power plant in Manila, the Philippines.(POSCO E&C)
IndustryDec. 1, 2015
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Korean refiners’ operating profits to top W5tr
South Korea’s major oil refiners are expected to see their net operating profits exceed 5 trillion won ($4.4 billion) this year, thanks to high cracking margins and timely operational strategies, according to industry analysts. SK Innovation, the industry leader, GS Caltex, S-Oil and Hyundai Oilbank have already posted combined operating profits of 4.05 trillion won from January to September, according to their regulatory filings, with analysts forecasting a bright outlook for the industry in th
IndustryDec. 1, 2015
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Citizens, diplomats march for climate talks’ success
A day before the 2015 United Nations Climate Change Conference in Paris kicked off Monday, citizens and diplomats marched across central Seoul to urge the negotiating world leaders to live up to their promises of cutting greenhouse gas emissions and capping the global temperature rise to 2 degrees Celsius beyond preindustrial levels. Holding banners reading “Our planet, our future, fighting climate change together” and “100 percent renewable energies for you and me,” 18 European Union missions a
Foreign AffairsDec. 1, 2015
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Coway takeover suffers setback as CJ drops bid
South Korean conglomerate CJ Group has dropped its bid to buy the country’s top water purifier maker Coway, a decision that could protract the takeover deal that is expected to be worth more than 2 trillion won ($1.7 billion), sources said Tuesday. “CJ Group submitted a preliminary bid, but did not participate in the final bid,” the company said in a regulatory filing. Seoul-based private equity firm MBK Partners, which holds a 30.9 percent stake in Coway, opened the final bid responses Monday o
IndustryDec. 1, 2015
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GS Retail replaces vice chairman
GS Retail vice chairman Huh Seung-jo stepped down from his post in the latest executive reshuffle announced by GS Group on Tuesday. He has been replaced by his nephew and GS Retail president Huh Yeon-soo, the son of Huh Shin-goo -- the fourth son of the GS Group founder. The new appointment reflects the firm’s efforts to reinvigorate its operations. The resignation of Seung-jo, the youngest son of GS Group founder Huh Man-jung, signals the end of the leadership of the second-generation members o
IndustryDec. 1, 2015
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Park urges Russia to support 6-party talks
South Korean President Park Geun-hye on Monday asked Russian President Vladimir Putin to help revive the long-stalled six-party dialogue on North Korea’s nuclear disarmament.In their summit held on the sidelines of a U.N. climate change forum in Paris, Park stressed the need to curb Pyongyang’s nuclear ambitions with “a sense of urgency” and “determination.” “I am asking for Russia’s active role in making North Korea face reality and have a rethink on its nuclear problem in order to resume meani
Foreign AffairsDec. 1, 2015
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[Graphic News] Economically active population over 50 surpasses 10m
The number of Korean people in their 50s and older either working or seeking employment surpassed the 10 million mark for the first time, data showed Tuesday.According to Statistics Korea, the economically active population over age 15 as of the third quarter of this year reached around 27.2 million, with 11.1 million being 50 and older.The economically active population under 39 was 10.2 million, a 0.2 percent decrease compared to the same quarter in 2014.This is also the first time the number
IndustryDec. 1, 2015
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Park struggles to promote Northeast Asia Development Bank
In March 2014, President Park Geun-hye unveiled an ambitious plan to build a multilateral bank to develop North Korea and other areas in Northeast Asia, saying it would help bolster inter-Korean exchanges, ease cross-border tensions and lay the groundwork for reunification. Park continued to tout the initiative most recently at the G20 summit last month.President Park Geun-hye speaks during a U.N. climate change forum in Paris, France on Monday. (Yonhap)But the much-trumpeted plan faces a series
Foreign AffairsDec. 1, 2015
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Seoul eyes opportunity in yuan's SDR status
South Korea’s Finance Ministry expressed optimism Tuesday for an increase in the nation’s exports to China after the International Monetary Fund announced it would add the Chinese yuan to its special drawing rights currency basket. “As a preemptive measure for potential globalization of the Chinese yuan, the Korean government has built up strong bilateral cooperation with China in monetary and financial policies, in addition to continued efforts to increase usage of the Chinese currency in the d
Dec. 1, 2015
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[Design Forum] Seoul promotes itself as hotbed of creativity, innovation
Seoul Design Week 2015, the biggest celebration of creativity and innovation in design, kicks off Wednesday at various spots in Seoul. The second edition of the annual design festival presents more than 10 programs highlighting the unique ideas and products of young designers and entrepreneurs. Programs ranging from exhibitions, sales of design products and lectures by leading designers and entrepreneurs to a late-night networking party for designers and citizens will take place at Dongdaemun De
Arts & DesignDec. 1, 2015
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Korean law firm to request U.S. university test VW engine
A South Korean law firm said Tuesday it would request a U.S. university look into whether Volkswagen diesel vehicles installed with new engines here used software to rig emissions tests. Law firm Barun said it will ask West Virginia University to examine if the defeat device software was used in Volkswagen cars equipped with the new EA 288 engine. Researchers from the school had initially studied the emissions rigging that led U.S. environmental authorities to launch a probe.“We are requesting t
NationalDec. 1, 2015
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Metal piece found at Seoul-Pyongyang joint excavation site
South and North Korea have unearthed a piece of metal type at an ancient palace in the North‘s border city of Gaeseong as they wrapped up a joint excavation project, a group of historians said Monday.The block of movable metal type was one of about 3,500 relics that have been excavated at the site of Manwoldae, a Goryeo Dynasty (918-1392) palace in Gaeseong, in the six-month project, according to the group of the two Koreas’ historians. A piece of metal type believed to date back to the Goryeo D
CultureDec. 1, 2015
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[Editorial] NPAD disappoints
The main opposition New Politics Alliance for Democracy’s former leader Rep. Ahn Cheol-soo has affectively called on the party chairman Moon Jae-in to step down. Spurning Moon’s proposal to form a three-way alliance of Moon, himself, and Seoul Mayor Park Won-soon, Ahn proposed a plan of his own: Holding a party caucus in January to elect new leadership and merging with the People’s Reform Party, a new opposition party established by Rep. Chun Jung-bae who bolted from the NPAD early this year. “
EditorialDec. 1, 2015
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[Editorial] Risky medical practices
A clinic in Seoul has been identified as the source of a massive hepatitis C outbreak, raising serious concerns about the safety of procedures performed at medical facilities. Health authorities said the clinic reused disposable syringes, which led to the spread of the hepatitis C virus among its outpatients. Authorities have begun testing 2,268 people who have been treated at the clinic since May 2008 and, of the 779 people tested through Saturday, 76 people have tested positive for the hepatit
EditorialDec. 1, 2015
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[Lee Jae-min] Sharing benefits of FTA - but how?
From the perspective of domestic politics, the fundamental problem with free trade agreements is that certain segments of the national economy end up with the short straw even if the country as a whole benefits. When someone asks, “Why should I sacrifice for the benefit of others?” there’s got to be an answer from the government: “Do not worry, we’ve got your back.” In many countries, that is the only way any trade deal can survive domestic politics. How to formulate an assistance package for th
ViewpointsDec. 1, 2015
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[SUPER RICH] The leadership and riches of Hyundai’s third generation
The Hyundai family was once again in the spotlight on Nov. 25, on what would have been the 100th birthday of late founder Chung Ju-yung.Tycoon Chung founded the first company of what would become Hyundai Group in 1946, starting off in the construction sector and then expanding to automobiles, steel, shipping and more, setting the foundation for Korea’s rise as an industrial powerhouse.A recent public survey selected him as the most respected Korean entrepreneur, and Chung’s children have also he
IndustryDec. 1, 2015
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[SUPER RICH] Doosan heir Park Seo-won steps into spotlight
Doosan Group heir Park Seo-won has finally emerged as a likely successor of the country’s 14th-largest business conglomerate, having recently joined the company’s most important project in years. The group said that Park was appointed to senior vice president of Doosan Corporation on Nov. 23, and will overlook marketing as well as other strategies of its duty-free operations. Park -- who already leads Doosan’s advertising agency Oricom and independent creative consulting firm Big Ant -- will spl
IndustryDec. 1, 2015
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[Photo News] LG chairman partakes in cultural diplomacy
CULTURAL DIPLOMACY -- LG Group chairman Koo Bon-moo (center) attends a jazz concert Monday in Seoul to mark the 50th anniversary of ties between Korea and Japan. Koo said he wished for the two nations to strengthen their relations through cultural exchanges. (LG Group)
TechnologyDec. 1, 2015