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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Prosecutors to indict professors on charges of copyright violation
Prosecutors said Tuesday that they plan to indict some 200 professors on charges of copyright infringement next month, a move that could lead to a mass dismissal of professors from their colleges. The professors from some 50 universities across the country are accused of publishing books under their names after only changing the cover of existing ones written by other people. The Uijeongbu District Prosecutors' Office in northern Seoul said it has questioned the professors and said it plans t
Social AffairsNov. 24, 2015
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LG Chem to provide ESS to local power generator
LG Chem Co., South Korea's top chemicals and battery maker, said Tuesday that it has signed a deal to provide an energy storage system for a local wind power generation complex in the country. Under the deal with private power generator GS E&R, LG Chem will supply the system with a capacity of 50MWh, which translates into daily power consumption for some 5,000 households. The ESS refers to the procedures of saving energy in a large-scale battery for efficient distribution of power. For example
IndustryNov. 24, 2015
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Samsung opens more patents for smaller firms
South Korea's top tech firm Samsung Electronics Co. said Tuesday it will open more of its technology patents to smaller local firms in line with its vision for shared growth. In June this year, Samsung also said it will share 3,000 technology patents with local firms free of charge. The latest plan will add 24,000 more to the list. Samsung said the patents will come from various segments, including mobile devices, audio, telecommunications and semiconductors. The world's leading smartphone ma
IndustryNov. 24, 2015
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Korean housing permits up sharply in Oct.
Construction permits issued for new homes surged 41.2 percent on-year in October, government data showed Tuesday, a strong sign of recovery in the country's real estate market. The number of new home permits issued came to 64,200 last month, up from 45,475 a year earlier, according to the Ministry of Land, Infrastructure and Transport. October marked the 10th consecutive month of an on-year increase, although the pace slowed from the 133.1 percent spike tallied for the previous month. "The nu
Social AffairsNov. 24, 2015
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Korea's nuclear envoy in Beijing for talks on North Korea
South Korea's chief nuclear envoy began a two-day trip to Beijing on Tuesday for consultations on ways to resume talks with North Korea. Hwang Joon-kook, special representative for Korean Peninsula peace and security affairs, plans to hold talks with Wu Dawei, China's point man on Korea, later in the day. "The two sides will discuss the issue of restarting meaningful denuclearization talks and strengthening sanctions and pressure (on Pyongyang)," a government official said. He stressed the im
PoliticsNov. 24, 2015
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Former JCS chief summoned over alleged corruption
An ex-chairman of the Joint Chiefs of Staff was summoned Tuesday for questioning over his alleged involvement in the selection of a defense firm to build military helicopters in exchange for kickbacks. Retired Adm. Choi Yoon-hee appeared before the Seoul Central District Prosecutors' Office in southern Seoul. The 62-year-old is suspected of receiving bribes in the process of picking the Anglo-Italian AW159 Wildcat as the country's new multi-mission maritime helicopter, according to prosecuto
PoliticsNov. 24, 2015
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Seoul shares up 0.44% in late morning trade
South Korean stocks traded 0.44 percent higher late Tuesday morning on the back of gains in techs and financial shares. The benchmark Korea Composite Stock Price Index rose 8.79 points to 2,012.49 as of 11:20 a.m. Top-cap Samsung Electronics added 1.01 percent, and major panel maker LG Display gained 5.24 percent. Samsung Electro-Mechanics climbed 1.42 percent. Brokerage houses also traded bullish, with Daewoo Securities rising 2.38 percent and Samsung Securities moving up 1.33 percent. NH In
Nov. 24, 2015
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12,000 people pay respect to ex-President Kim
More than 10,000 people, including retired politicians and business moguls, have visited a hospital in Seoul over three days to offer condolences for the death of former President Kim Young-sam. Kim, an iconic figure of the pro-democracy movement who ended decades of military rule in South Korea with his presidency from 1993 to 1998, passed away Sunday at Seoul National University Hospital. He was 87. A total of 12,900 people, including incumbent and former politicians, as well as heads of maj
PoliticsNov. 24, 2015
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Park calls for passage of anti-terrorism law
President Park Geun-hye called for the passage of anti-terrorism bills on Tuesday to counter any possible terrorist attacks in South Korea. Park said South Korea is not a safe zone clear of possible terrorism, citing the recent arrest of an Indonesian citizen on a forged passport who is suspected of following a terrorist group affiliated with al-Qaida. South Korea has deported a total of 48 foreigners who were either affiliated with international terrorist groups or appointed security risks in
PoliticsNov. 24, 2015
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U.S. congressman urges Japan to resolve sex slave issue
A U.S. congressman urged Japan on Tuesday to resolve the grievances of Korean women who were forced into sexual slavery for Japanese soldiers during World War II, saying the issue is "solely in the hands" of the Japanese government. Rep. Mike Kelly made the remark during a lecture at the Asan Institute for Policy Studies, a private think tank in Seoul, where he spoke about the South Korea-U.S. alliance and other regional issues. Kelly currently serves as co-chair of the Congressional Caucus on
InternationalNov. 24, 2015
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'The Priests' to open in N. America on Thanksgiving
South Korean mystery thriller "The Priests" will open in North American theaters this Thanksgiving, its local distributor said Tuesday. The movie directed by Jang Jae-hyun will come to select theaters in Los Angeles, California and Dallas, Texas from Thursday, CJ Entertainment America said. In "The Priests," Father Kim (Kim Yun-seok) and Deacon Choi (Kang Dong-won) try to save a girl who they believe has been possessed by an evil spirit after a car accident. The movie will become available on
CultureNov. 24, 2015
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Korean Embassy in Washington opens memorial altar for late ex-President Kim Young-sam
A senior U.S. official made a visit to South Korea's Embassy in Washington and paid his respects to former President Kim Young-sam, remembering the deceased as a champion of democracy. Amb. Sung Kim, deputy assistant secretary of state for Korea and Japan, visited the embassy with the department's Korea director, Mark Lambert, and offered condolences before a black-draped, chrysanthemum-framed portrait of Kim set up on the white-covered altar. "We have great respect for former President Kim Yo
PoliticsNov. 24, 2015
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Lawmakers from 5 countries launch anti-sexual slavery coalition
Lawmakers from South Korea, the United States and three other countries launched an anti-sexual slavery coalition Monday, calling on Japan to resolve the issue of its wartime sexual slavery so as to set an example for addressing similar problems around the world. The International Parliamentary Coalition for Victims of Sexual Slavery was officially launched at a news conference at U.N. headquarters. Co-chairs of the group are Lee Jasmine from South Korea; Mike Honda from the U.S.; Yonah Martin
InternationalNov. 24, 2015
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SK to buy industrial gas manufacturer
SK Corp., the holding firm of South Korea's No. 3 conglomerate, said Tuesday that it has decided to take over a local manufacturer of special gases used in chipmaking, LCD and solar panels, as part of an effort to bolster its semiconductor material business. SK will buy a 49.1 percent stake in OCI Materials Co. for 482 billion won ($416 million), which translates into 93,000 won per share, the company said in a regulatory filing. OCI, a solar panel maker, has been seeking to sell OCI Materials
IndustryNov. 24, 2015
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Standard Chartered Korea to merge bank, financial holding firm
Standard Chartered Korea will merge its bank with its financial holding company on Dec. 1 as part of a move to streamline operations and improve earnings, financial sources said Tuesday. Sources said the merger approved by the Financial Services Commission, South Korea's top financial regulator, involves Standard Chartered Bank Korea absorbing the financial holding company. The bank will also control Standard Chartered Securities Korea, a unit of the financial holding company. London-based S
IndustryNov. 24, 2015
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Pyongyang slams Seoul for holding artillery drill on anniversary
North Korea slammed South Korea on Tuesday for holding a live-fire artillery drill a day earlier near the tense western sea border, calling the move "the most vicious military provocation." Despite the North's threat for retaliation, South Korea's military staged the drill Monday as planned in waters off a set of front-line islands in the Yellow Sea as the country marked the fifth anniversary of the North's deadly shelling of Yeonpyeong Island. North Korea's National Defense Commission condem
North KoreaNov. 24, 2015
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U.N. chief Ban says he's trying to visit N. Korea at earliest possible date
U.N. Secretary-General Ban Ki-moon said Monday he's trying to visit North Korea as early as possible, the first time he's acknowledged that talks are under way to set up a trip to the communist nation. Ban made the remark to reporters when he visited South Korea's mission to the United Nations to pay his respects to late former South Korean President Kim Young-sam. Ban's possible plan has drawn keen attention as he's expected to meet with North Korean leader Kim Jong-un. "I can't talk (about t
North KoreaNov. 24, 2015
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Seoul shares open higher on techs, builders
South Korean stocks started slightly higher Tuesday on gains in technology and construction shares. The benchmark Korea Composite Stock Price Index added 4.11 points, or 0.21 percent, to 2,007.81 in the first 15 minutes of trading. Top-cap Samsung Electronics added 0.23 percent, and top chipmaker SK hynix increased 0.33 percent. LG Display climbed 3.87 percent. Hyundai Engineering & Construction added 2.29 percent, and Daewoo Engineering & Construction moved up 0.31 percent. The local curren
IndustryNov. 24, 2015
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Hanmi Pharmaceutical heading to best year ever with mega deals
Hanmi Pharmaceutical Co. is heading toward its best year ever with six licensing deals and collaboration projects worth a combined 7.6 trillion won ($6.55 billion). The South Korean company has bagged a series of deals on licensing of its pipeline products and collaborative research and development of early treatment for lung cancer and diabetes. On Monday, Hanmi said it has struck a license agreement with ZAI Lab Limited of China to develop novel EGFR targeted therapy for lung cancer in Chin
IndustryNov. 24, 2015
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TVs forecast to bolster global display market
Global shipments of display panels are expected to fall about 5 percent on-year in 2015 due to tumbling demand for PCs, with the strong TV segment propping up the market, data showed Tuesday. According to the data compiled by industry tracker IHS, sales of large-sized display panels are estimated to reach 682 million units this year, compared with 720 million units posted in 2014. The figure excludes panels whose size is 7 inches or smaller. Industry watchers said the main reason is a continue
IndustryNov. 24, 2015