Most Popular
-
1
AI textbook bubble could burst, expert warns
-
2
Samsung tightens its belt amid crisis winds
-
3
Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
-
4
North Korean trash balloons cross border day after Seoul military parade
-
5
Prosecution closes 'Dior bag' case amid opposition uproar
-
6
SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
-
7
Court confirms sentence for rapper who attempted to evade national service
-
8
[Photo News] Armed Forces Day
-
9
N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
-
10
[Kim Seong-kon] Understanding uniquely American things
-
LG CNS leads in modernizing Colombia’s transport system
Information communications and technology solutions developer LG CNS said Tuesday it had secured a deal to establish a fleet management system to collect public transit data in Pasto, Colombia, which the company said would give a boost to its business operations in South America.The FMS transmits bus data, including location, and driving speed, through GPS and network modems to a control center, which then analyzes the received information. (From left) Jorge Cote, head of public transit corporat
TechnologyNov. 3, 2015
-
China reassesses value of N.K. as strategic leverage
This is the fourth 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 China’s relations and strategy for dealing with the two Koreas. -- Ed.China has apparently reevaluated the value of its communist brethren, North Korea, as a source of strategic leverage amid its reemergence as a great power, according to renowned China expert Suh Jin-young.Suh, professor emeritus at Korea Universi
Foreign AffairsNov. 3, 2015
-
Shinhan Bank to reinforce services for expats
Shinhan Bank vowed to diversify services for expat residents in its efforts to offer expat-specialized services in its domestic branches.Bank chief executive Cho Yong-byoung has called for Shinhan’s “glocalization,” a term for globalization achieved by localization, since his inauguration in March. Cho has emphasized that suiting the needs of foreign businesses operating in Korea is a crucial step in glocalization.Since August 2011, Shinhan Bank has offered a foreigners-only banking unit for for
IndustryNov. 3, 2015
-
KEITI promotes local environment technology industry
A state-run environmental technology organization held a fair to promote the local green industry and improve access to overseas markets, officials said Tuesday. The Environment Ministry and its affiliate organization Korea Environmental Industry and Technology Institute introduced the strength of the Korean environment industry and environmental projects carried out overseas. The fair particularly stressed a number of successful cases, such as the river restoration projects in Algeria held by D
Nov. 3, 2015
-
[SUPER RICH] What if the superrich gave their wealth to the poor?
What would happen if the richest families in every country gave all their wealth to the poor? It’s a far-fetched question, but one that has come up. There is even a measurement for it: the Hoover index -- commonly known as the Robin Hood index -- measures the amount of income inequality in a country by hypothetically distributing the wealth of the rich to the poor.To see how this applies in Asian countries with significant wealth inequality, the Superrich Team applied the Robin Hood index for se
IndustryNov. 3, 2015
-
[Lee Jae-min] Are the oceans up for grabs?
The history of international maritime law has been one of conflicting views between navigating states and coastal states. Freedom of navigation championed by the former has collided with sanctity of sovereignty advocated by the latter. These centuries-old terms again appear in the broiling dispute of the South China Sea. U.S. naval vessels have made it clear that it would not respect the buffer of 12 nautical miles of territorial seas of the newly built islands in the ocean. China responds in k
ViewpointsNov. 3, 2015
-
[Kim Seong-kon] South Korea 3.0: A nice and friendly nation
When I first visited the United States in the 1970s, I was deeply impressed by the extraordinary friendliness of the Americans. Indeed, they were so nice and friendly that I felt comfortable no matter where I went. When I called a company, for example, the customer service representative was amazingly helpful and friendly. At the time, even airport immigration officers, police officers and Department of Motor Vehicles officials were kind and friendly. So I came to love America wholeheartedly. A
ViewpointsNov. 3, 2015
-
[Photo News] Helping citizens
HELPING CITIZENS -- Leaders in the financial sector provide a citizen with advice on state-led microloans and job opportunities during the “Seoul 2015 Fair for Finance & Employment” at Sindorim Techno Mart in Seoul on Tuesday. The participants include KB Financial Group chairman & CEO Yoon Jong-kyoo (left) and Financial Supervisory Service governor Zhin Woong Seob (second from left). Yonhap
IndustryNov. 3, 2015
-
Genie joins charts’ move to ditch ‘recommended’ songs
Genie Top 100 charts, with recommended song on top (Genie Official Website) Another of Korea’s four major digital music providers has followed CJ E&M’s lead in removing “recommended” songs, amid controversy over the market distortions caused by such music curation services.KT Music said Tuesday it would remove recommended songs from its digital music service Genie within the year, and continue to discuss improvements for fairer digital music services.“If the music industry works together to cor
PerformanceNov. 3, 2015
-
[Herald Interview] Sung Yu-ri finds comfort on camera
Singer-turned-actress Sung Yu-ri has been living in the limelight for half her life. The 34-year-old actress debuted in 1998 with girl group Fin.K.L, and debuted as a TV actress in 2002. Despite her long successful career, she says it’s only now she truly feels she‘s found her comfort zone as an actress.“I really didn’t have enough confidence in the past,” she said in an interview at a restaurant in Seoul. “I‘m sure there are points where I’m lacking even now, but I‘ve realized that the audience
FilmNov. 3, 2015
-
[Editorial] Park-Abe summit
The gap in historical awareness between Korea and Japan was too wide for the leaders of the two countries to plug in one summit. This sums up the first one-on-one on Nov. 2 between President Park Geun-hye and Japanese Prime Minister Shinzo Abe. The Seoul summit was the first of its kind between the two countries in more than three years. As such, it raised expectations for a breakthrough in normalizing the frayed bilateral relationship. Yet the meeting must have been disappointing to those who e
EditorialNov. 3, 2015
-
[Editorial] No rush for KF-X
Last week, President Park Geun-hye gave the Defense Acquisition Program Administration the go-ahead for its plan to locally develop four key technologies for next-generation jet fighters. Yet before the agency places orders on local defense contractors, the government needs to address burning questions about the plan’s feasibility. DAPA is in charge of the KF-X project, an 18-trillion-won ($15.9 billion) program to produce 120 fifth-generation combat jets by 2025. But the project’s future was cl
EditorialNov. 3, 2015
-
Yoo Seung-ho bridges movie, terrestrial and cable dramas
After being discharged from the military a year ago, actor Yoo Seung-ho is kicking back into action with a number of films and TV dramas lined up for release before the end of the year.Upcoming works starring the 22-year-old Yoo include cable TV drama “Imaginary Cat,” terrestrial TV drama “Remember” and films “Joseon Magician” and “Kim Seondal,” to be released in that order. 'Imaginary Cat' (MBC every1)MBC every1’s drama “Imaginary Cat” will premiere on Nov. 24 at 8:50 p.m. It is a soothing tal
Nov. 3, 2015
-
Psy gears up to return Dec. 1
YG Entertainment announced Tuesday that Korean singer Psy will return to the music scene on Dec. 1, via a poster that was shared on the agency’s official blog. It has been three years and five months since he released his last album “Gangnam Style” in July 2012. “I’ll go back to my basics and come back with a new album,” said Psy at last year’s year-end concert. “Look forward to what song Psy will bring, (he has) worked diligently since his concert last year. He is expected to meet your expectat
PerformanceNov. 3, 2015
-
[Photo News] LG OLED TV sets record monthly sales
LG OLED TV SETS RECORD MONTHLY SALES -- LG Electronics said Tuesday that the sales of its organic light-emitting diode TVs have reached a record 4,500 in October. The company said it would further try to appeal to more customers by reducing the prices of its high-end TVs. (LGE)
TechnologyNov. 3, 2015
-
SK denies rumors on buying troubled Daewoo Shipbuilding
SK Group, South Korea's No. 3 conglomerate, on Tuesday denied rumors that it has decided to take over a troubled shipbuilder. "Rumors that SK Group has sought to acquire Daewoo Shipbuilding & Marine Engineering Co. are groundless," SK Holdings Co. said in a filing. Shares of Daewoo Shipbuilding spiked 20 percent at one point in morning trade after local media reported that the Korea Development Bank, the shipyard's largest shareholder and creditor, has agreed with SK Group to sell a controllin
IndustryNov. 3, 2015
-
Seoul shares end 0.65 % up on global stock rally
South Korean stocks closed 0.65 percent higher on Tuesday as investors took their cue from a global upswing, with auto shares leading the gain. The local currency gathered some ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index surged 13.16 points to 2,048.4. Trading volume was moderate at 582.9 million shares worth 5.69 trillion won ($5.02 billion), with winners outpacing losers 500 to 318. Analysts said investors loaded up on local shares after U.S. and most Euro
IndustryNov. 3, 2015
-
Korea to probe more Volkswagen models for faked emissions
South Korea will likely examine more vehicle models by German carmaker Volkswagen following the U.S. environment agency's announcement that some of its larger models were also found to have faked emission results, government officials said Tuesday. Earlier, the U.S. Environmental Protection Agency posted a notice on its website, alleging that Volkswagen had faked emissions results for 3.0-liter vehicle models. The models are the 2014 VW Touareg, the 2015 Porsche Cayenne, and the 2016 Audi A6 Q
IndustryNov. 3, 2015
-
Gov't to roll back excise tax base on imported luxury goods
The government will rescind its earlier decision to adjust excise taxes on certain imported luxury goods after it has found no actual price benefits reaching consumers, the finance ministry said Tuesday. In late August, the finance ministry raised the minimum tax base for seven luxury items as of Aug. 27 in a bid to get companies and importers to lower prices that can spur consumer spending. The seven are jewelry, furs, handbags, watches, furniture, carpets and cameras. The government raised t
Nov. 3, 2015
-
3 soldiers under investigation over comrade's apparent suicide
Three soldiers have been detained in an investigation into the apparent suicide of their junior comrade last week, military officials said Tuesday. The incident took place last Thursday at around 5 a.m., when the private first class moved about 100 meters away from a guard post near the western border with North Korea, where he and his fellow soldier were on patrol duty. The 20-year-old was killed at the scene as a grenade he was holding went off soon after he moved away from the guard post.
Social AffairsNov. 3, 2015