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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AI textbook bubble could burst, expert warns
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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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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Household health spending grows 41.3% in South Korea
Health expenditures of South Korean households increased significantly by 41.3 percent from 2008-2013, especially hurting low-income families here, a study showed Thursday. The study, by Lee Tae-jin from Seoul National University, researched government data on medical expenditures of local households, including costs for hospital care, outpatient care and medical goods. The study found that health expenditures kept increasing throughout the period, from an average annual cost of 1.05 million wo
Social AffairsNov. 26, 2015
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How to join in U.S. Black Friday from Korea
Though there have been a string of big sales events taking place in South Korea recently, nothing can beat the scale of the annual U.S. Black Friday sales set to kick off at midnight in the U.S., or 2 p.m. Friday in Korea. On Black Friday -- falling the day after Thanksgiving, among the biggest U.S. holidays of the year -- retailers and store brands across the U.S. will offer bargain deals and large discounts, some reaching as high as 90 percent, on numerous product categories.The U.S. Black Fri
IndustryNov. 26, 2015
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Gyeonggi Center for Creative Economy & Innovation actively supporting startups
LinearHub is a collaboration solution startup established last June. Three months after its incorporation, the company was selected as a startup eligible for incubation support from the Gyeonggi Center for Creative Economy & Innovation, leading it to move its base of operations to the Center.Product screen shotThe collaboration solution product of LinearHub aims to provide video conferencing services for enterprises through web-based and mobile channels. Besides audio visual communications, it e
IndustryNov. 26, 2015
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Cisco exec urges Korean firms to move toward digitization
As digital disruption is accelerating across all industries, top market leaders will be outgunned by challengers quick to adapt to a digitization wave, according to a Cisco executive.Presenting a recent report about technological disruption and future business models at Cisco’s office in Songdo, west of Seoul, Thursday, Ross Fowler, president of the U.S. firm’s Digital Transformation and IoE (“Internet of Everything”) Acceleration in Asia-Pacific and Japan, said that "four out of top 10 companie
TechnologyNov. 26, 2015
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Lotte recalls 290,000 boxes of defective Pepero
Lotte Confectionery said Wednesday it is recalling 290,000 boxes of its White Cookie Pepero snacks worth 6.7 billion won ($5.84 million) manufactured between June and October, following continued customer complaints of a “bad odor” and an “odd taste.”Since Nov. 12, Lotte has taken back 140,000 boxes of the Pepero -- the brand’s longtime best seller -- variety under question, around 50,000 of which were already sold to consumers. The snack brand is granting refunds to those who bought the defecti
IndustryNov. 26, 2015
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Seoul Character & Licensing Fair seeks to appeal to all ages
The 2015 Seoul Character & Licensing Fair will kick off next month, newly equipped with a “Kidult” zone for older character enthusiasts, as organizers seek to expand the event’s scope to attract not only children, but also adults and families. Co-organized by the Korea Creative Content Agency and Coex and sponsored by the Culture Ministry, the fair will take place from Dec. 16-20 across three exhibition halls inside Coex, showcasing some 798 booths operated by 292 participating character firms a
IndustryNov. 26, 2015
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[Chon Shi-yong] Legacy of Kim YS and Kim DJ
Former President Kim Young-sam was laid to rest at National Cemetery in Seoul on Thursday after a state funeral that grabbed the eyes and hearts of many Koreans who remember the indelible mark he left in Korean politics and history. As a citizen who went through the 1970s and 1980s in which Kim was a gigantic pro-democracy fighter and as a journalist who covered him when he was president in the 1990s, I experienced a lot of emotions watching the funeral on television. Then I recalled another s
ViewpointsNov. 26, 2015
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Two Koreas hold rare working-level talks
The two Koreas on Thursday held a working-level meeting to arrange high-level government talks, amid concerns that Pyongyang’s continued criticisms against Seoul’s policies could hamper the budding mood for dialogue.Kim Ki-woong (right), assistant minister of South Korea’s Unification Ministry’s Special Office for Inter-Korean Dialogue, shakes hands with Hwang Chol (left), a senior official of the North’s Committee for Peaceful Unification of the Fatherland before their talks in Tongilgak on the
North KoreaNov. 26, 2015
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[Gurmeet Kanwai] The world should take stand against the new terrorism
Abu Bakr al-Baghdadi’s self-proclaimed Islamic State has claimed responsibility for the multiple terror strikes across Paris on Nov. 13, in which more than 130 civilians were killed and over 300 seriously injured. Two weeks earlier, on Oct. 31, IS had claimed it brought down an Airbus of the Russian airliner Metrojet soon after it took off from the Sinai resort of Sharm al-Sheikh on a flight to St. Petersburg. All 224 people on board the plane were killed. The IS brand of fundamentalist terrori
ViewpointsNov. 26, 2015
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Smilegate inks $500m publishing deal in China for ‘Crossfire 2’
Korean game developer Smilegate Entertainment said Thursday it has signed a $500 million exclusive publishing agreement with Oriental Shiny Star for the upcoming “Crossfire 2” online shooting game in China. Qihoo 360 Technology also announced the deal Monday in a NASDAQ filing. Oriental Shiny Star is an affiliate of System Link Corporation, a joint venture between Qihoo 360 Technology, a leading Chinese gaming platform operator, and System Link Corporation, a game developer also based in China.
TechnologyNov. 26, 2015
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[Editorial] Preventing crisis
The alarmingly fast pace of the growth of household debt should alert government policymakers as it is emerging as a major macroeconomic risk factor in the Korean economy. Central bank figures show that household credit surged to a record-high 1,166.4 trillion won ($1.01 trillion) in the third quarter. This represents a growth of 3 percent -- also record pace -- or 34.5 trillion won from the previous quarter and an expansion of 10.4 percent or 109.6 trillion won from a year before. Economists
EditorialNov. 26, 2015
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[Editorial] All too vulnerable
Two more former senior military generals have been implicated in corruption involving arms procurement projects. Given the rampant corruption in defense acquisition, this is hardly big news, but the two cases – involving a former Navy admiral and a retired Army general -- point to a growing trend: Dirty deals involving family members of military officers. The first case involves Retired Adm. Choi Yoon-hee, former chairman of the Joint Chiefs of Staff, who was questioned by investigators over a
EditorialNov. 26, 2015
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[Photo News] Mundipharma Korea wins 'best company' award
BEST COMPANY AWARD -- Mundipharma Korea was recognized as the best foreign company in the “career opportunity growth” category at the 2015 Best Companies Awards organized by JobPlanet and Fortune Korea. Mundipharma operates an uncapped incentive system based on quantitative and qualitative assessments of its employees and the so-called “best practice sharing” program, which encourages employees to share their success to boost motivation. The pharmaceutical company also supports employees who wan
IndustryNov. 26, 2015
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Koo Bon-joon takes center stage at LG
LG Electronics CEO and vice chairman Koo Bon-joon has joined LG Corp., the group’s holding company, stepping closer to the center stage of the nation’s fourth-largest conglomerate. As part of the group’s annual executive reshuffle on Thursday, Koo was assigned with a crucial mission for LG’s survival in the future -- beefing up next growth engine businesses such as display, battery, energy solutions and automotive parts. While the flagship LG Electronics is suffering from slowing device sales am
TechnologyNov. 26, 2015
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‘Lack of popular mandate Chinese party’s weakness’
This is the seventh installment in a series of interviews with scholars and experts on China as a resurgent Asian power that is changing the regional order. This installment looks into the strengths and weaknesses of the Communist Party of China. -- Ed.The greatest vulnerability facing the Communist Party of China is that it has never been given a popular mandate to rule the nation, China expert Yang Gab-yong said, underscoring the importance of the trust of the Chinese people to keep its govern
Foreign AffairsNov. 26, 2015
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[Photo News] Samsung starts mass production of industry's first 128-GB DRAM
CHIPPING AWAY -- Samsung Electronics said Thursday it had started mass production of the world’s first 128-gigabyte DDR4 module for enterprise servers and data centers. The new DDR4 boasts the industry’s largest capacity and highest energy efficiency of any DRAM module. (Samsung Electronics)
TechnologyNov. 26, 2015
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[Herald Review] Musical ‘Gone with the Wind’ falls short
Undeniably the entertainment world’s most recognized tale of torrid love and romance, the epic war tale from the 1930s, “Gone with the Wind,” is one of the most beloved and enduring classics. The Korean-language musical rendition of this literary and cinematic masterpiece has made its way back to the Seoul stage, only this time, without the lure of flashy K-pop idols in starring roles. Although nowhere near the historic caliber of Margaret Mitchell’s Pulitzer Prize-winning novel turned 10-time A
PerformanceNov. 26, 2015
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Comprehensive textbook on Korean philosophy
“Korean Philosophy: Sources and Interpretations” Edited by Youn Sa-soon, translated by Sohn Yoo-taek (Korea University Press) “Korean Philosophy: Sources and Interpretations,” edited by professor Youn Sa-soon and translated into English by Sohn Yoo-taek, is a comprehensive, chronological outline of Korean traditional philosophy. Over 39 scholars of Korean and East Asian philosophy have participated, highlighting different theories from ancient to modern periods.This book aims to reveal the orig
BooksNov. 26, 2015
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Global beauty brands pick more Korean celebs
More and more global cosmetics companies are hiring Korean models dedicated to the Korean market, some of the finickiest customers in the world.From actresses to fashion models, these localized models do what foreign, mostly western, models cannot do -- represent women with darker skin shades, higher cheekbones, smaller eyes and noses and, most importantly, the pursuit for fairer skin tone. And the result is quite rewarding with higher sales as well as global recognition, especially in Asia, whe
IndustryNov. 26, 2015
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Psy to honor Korean rock legend Shin Hae-chul in new album
Psy will dedicate a song on his upcoming album to the late Korean rock legend Shin Hae-chul, whom the “Gangnam Style” star was particularly close to, and Kim Jun-su of K-pop boy band JYJ will participate in the song. Psy revealed Wednesday night on Naver’s V app that the song was written “in memory of Shin Hae-chul.” Psy (YG Entertainment) “It’s a collection of the many things (Shin) used to tell me when we drank together,” said Psy. “It’s a song with a very sad personal story. It was difficult
PerformanceNov. 26, 2015