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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Korea's intellectual property trade deficit narrows in Q2
South Korea's trade balance from intellectual property rights stayed in the red in the second quarter, but the deficit shrank significantly from a year earlier on a large cut in deficits from industrial property rights, central bank data showed Thursday. In the April-June period, the country posted a trade deficit of $550 million in the intellectual property sector, according to the Bank of Korea. The Q2 tally marks a 63.6 percent drop from a deficit of $1.51 billion in the same period last ye
Nov. 26, 2015
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2DELLO, handmade accessory store under hallyu Stars’ radar
Accessories worn by hallyu celebrities have been a subject of great interest since the rise of the Korean Wave. Some devoted fans even come to Korea to personally buy accessories worn by their favorite stars.2DELLO, a handcrafted accessory specialty store run by copresidents Hwang Min-soo and Song Sung-ho has risen in popularity as stars such as Lee Min-ho and Lee Jong-suk wore its products. They offer over 200 different handmade bracelets, necklaces and hand pins.“We used to outsource productio
IndustryNov. 26, 2015
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Corporate direct financing falls 6.9% in Oct.
The sales of stocks and bonds by South Korean companies went down 6.9 percent in October from a month earlier as they scaled back on bond issuance, the financial watchdog said Thursday. Local firms raised a combined 10.18 trillion won ($8.9 billion) last month by selling stocks and bonds, compared with 10.94 trillion won logged in the previous month, according to the Financial Supervisory Service. Corporate debt issuance skidded 8.8 percent on-month to 9.58 trillion won last month, as local f
Nov. 26, 2015
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Korea's consumer sentiment improves in Nov.
Consumer sentiment in South Korea continued to improve from a month earlier in November, mainly on a better outlook for income, central bank data showed Thursday. The composite consumer sentiment index for November came to 106, up 1 point from the previous month, according to data from the Bank of Korea (BOK). A reading above 100 means optimists outnumber pessimists. The index has been on a steady rise since it dipped to below the benchmark 100 in June for the first time since December 2012.
Nov. 26, 2015
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SK Telecom cuts advert spending in belt-tightening
South Korea's No. 1 mobile carrier SK Telecom Co. has reduced its spending on advertisements through September this year, data showed Thursday, in line with its efforts to recoup losses from a government-led policy aimed at lowering cell phone users' bills. The mobile carrier spent 132.2 billion won ($116 million) on advertisements in the January-September period, down 15 percent from the 156 billion won posted a year earlier, industry data showed. SK Telecom said earlier its third-quarter net
IndustryNov. 26, 2015
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Samsung's Seoul R&D center set to open this month
South Korea's top tech firm Samsung Electronics Co. said Thursday it plans to open its first research center in Seoul later this month, which will focus on the software and design sectors. The new center, dubbed "Samsung Seoul R&D Campus," is capable of accommodating 7,000 workers. The first batch of 5,000 employees will be relocated to the facility on Nov. 30, it said. The new R&D center project, which first began in 2012, was focused on establishing a university-like environment on the 330,0
IndustryNov. 26, 2015
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Oil refiners' operating income forecast to top 5 tln won this year
South Korea's oil refiners, led by SK Innovation Co., are likely to see their operating income exceed the 5 trillion-won ($4.4 billion) mark this year on the back of improved cracking margins and an increased portion of high-end products, industry sources said Thursday. The four refiners -- SK Innovation, GS Caltex Co., S-Oil Corp. and Hyundai Oilbank Co. -- have already logged an operating income of 4.05 trillion won in total in the first nine months of the year, according to the sources. Th
IndustryNov. 26, 2015
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Samsung mass-produces 128-GB DRAM module
Global chipmaker Samsung Electronics Co. said Thursday it has started the mass production of the industry's first 128-gigabyte dynamic random access memory modules for servers with enhanced capacity and speed. The latest development is double the capacity of the 64-GB DRAM module that Samsung launched in August last year. Samsung said the latest 128-GB DRAM module beats other rivals also in speed and power efficiency, providing optimal solutions for servers and data centers. The module is comp
IndustryNov. 26, 2015
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Koreas set to hold working-level dialogue
South and North Korea are set to hold a working-level meeting Thursday to prepare for high-level government talks as they seek to mend their long-strained ties, government officials said. The preparatory meeting is to take place on the North's side of the truce village of Panmunjom at around 10:30 a.m., a move to implement the August deal on defusing military tension. "I will do my best to help get the inter-Korean deal fully implemented," Kim Ki-woong, Seoul's chief negotiator for the meeting
North KoreaNov. 26, 2015
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Seoul shares open higher on techs, autos
South Korean stocks opened higher Thursday on the back of firm gains from technology and auto shares. The benchmark Korea Composite Stock Price Index edged up 10.12 points, or 0.5 percent, to 2,019.54 in the first 15 minutes of trading. Tech shares traded higher, with Samsung Electronics advancing 0.15 percent and chipmaker SK hynix moving up 3.61 percent. LG Display rose 2.01 percent. Leading carmaker Hyundai Motor advanced 0.99 percent, while its auto parts arm Hyundai Mobis increased 1.62
Nov. 26, 2015
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World must 'look beyond national horizons' for climate deal: U.N. chief
World leaders must "look beyond national horizons" to secure a "meaningful climate agreement" at U.N. talks in Paris next week, U.N. Secretary-General Ban Ki-moon said Thursday. More than 120 heads of state and government, including South Korean President Park Geun-hye and U.S. President Barack Obama, will attend the climate conference with the hope of producing concrete steps against global warming. "A meaningful climate agreement in Paris will build a better today and tomorrow," Ban said i
Nov. 26, 2015
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Korea orders Volkswagen to recall 125,000 vehicles
South Korea's environment ministry said Thursday that it has ordered a recall of over 125,000 Volkswagen vehicles sold in South Korea after it found that the German carmaker had fabricated emissions results. The decision was based on more than a month-long investigation of six vehicle models sold here by Volkswagen and its luxury brand Audi, which was sparked by the September revelation in the U.S. that it had cheated on emissions tests. The environment ministry said that the Tiguan equipped
IndustryNov. 26, 2015
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Brain drain hurts Korea's competitiveness: report
A serious outflow of talented people from South Korea is hurting the country's global competitiveness, a report by a business school in Switzerland showed Thursday. The World Talent Report 2015 by the Institute for Management Development showed Asia's fourth-largest economy ranking 18th among 61 countries checked in terms of human capital flight. The ranking poses challenges for the resource poor country because its ability to churn out a large number of people with skills has been the foundat
Social AffairsNov. 26, 2015
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Corporate reform needs speed and transparency
Financial regulators and creditor banks here have been picking up the pace toward restructuring an increasing number of unprofitable companies saddled with heavy debts.Earlier this month, the country’s financial watchdog announced a list of 175 small and medium enterprises to be subject to workout programs or closed down. About 200 underperforming large firms are now undergoing the final phase of credit risk assessments by their major lenders.Government officials have prodded local banks and oth
IndustryNov. 26, 2015
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Tapas brings webtoon model to Silicon Valley
PALO ALTO, California -- Ever since first-generation artist Kang Full’s “Love Story” became a sensation on Korean portal Daum in the early 2000s, the local webtoon industry has grown into a $290 million industry with more iconic series like “Misaeng” and “Secretly, Greatly.”But it is one of Korea’s best-kept secrets, as local webtoons -- visual stories that read from top to bottom instead of left to right for easy screen scrolling -- have struggled to spread globally for the past decade. Tapas M
TechnologyNov. 26, 2015
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Ruling party moves to ban masks at rallies
A group of ruling party lawmakers proposed an amendment bill Wednesday aimed at banning the use of masks during rallies or protests.Earlier this month, some 130,000 demonstrators took to the streets in downtown Seoul to protest the government's decision to adopt state history textbooks and reform the labor market. The rally turned violent as some protesters brandished metal pipes and police fired water cannons at them.President Park Geun-hye vowed Tuesday not to tolerate "illegal" demonstrations
PoliticsNov. 25, 2015
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Koreas to hold inter-Korean meeting this week
Working-level officials of South and North Korea will meet this week to prepare for high-level government talks that could help mend their strained ties, government officials said Wednesday.The preparatory meeting will take place on the North's side of the truce village Thursday, a step in implementing the August deal on easing military tension.The two sides are expected to set details of the high-level talks, such as the timing, the venue and the agenda, government officials said.A key element
North KoreaNov. 25, 2015
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[Newsmaker] Bezos’ firm claims rocket breakthrough
Jeff Bezos. BloombergThe private space firm founded by Internet entrepreneur Jeff Bezos claimed a breakthrough for its space travel efforts Tuesday with the launch of a reusable rocket.Bezos announced the milestone with his first Twitter message following the launch and return of the rocket by his firm, Blue Origin.“The rarest of beasts ― a used rocket. Controlled landing not easy, but done right, can look easy. Check out video,” said the tweet, with a link to a YouTube video.The unmanned New Sh
World BusinessNov. 25, 2015
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Heavy Russia raids in Syria area where plane downed: monitor
Russian warplanes carried out heavy raids in Syria's northern Latakia province a day after Turkey downed one of Moscow's jets in the area, a monitoring group said on Wednesday.An image grab made from a video shows a burning Russian fighter jet coming down after being shot down near the Turkish-Syrian border, in Hatay on Tuesday. (AFP-Yonhap)"Russian warplanes have since last night been carrying out heavy air strikes on the Jabal Akrad and Jabal Turkman regions" in the north of the province, Syri
World NewsNov. 25, 2015
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Officials, experts discuss FEZ development
Government officials, corporate executives and investment experts gathered at the Korean Free Economic Zones Business Day 2015 in Seoul on Wednesday to discuss ways to attract more foreign investment and international firms to the areas. Some 200 representatives including the commissioners of Korea’s seven free economic zones ― Daegu Gyeongbuk, East coast, Busan-Jinhae, Incheon, Chungbuk, Gwangyang and Yellow Sea ― as well as officials from embassies and chambers of commerce attended the meeting
IndustryNov. 25, 2015