Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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Middle East’s big AI push lures Korean tech firms
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Exclusive] Democratic Party of Korea forms US election task force
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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Posco Energy supports underprivileged with incurable diseases
Posco Energy has provided financial support for underprivileged children with incurable diseases as part of its regular moves to support those in need, the company said Thursday. The company said it offered 20 million won ($18,100) to Korea Childhood Leukemia Foundation. The fund was raised from monthly donations from employees of 1 percent of their wages. Posco Energy officials pose for a photo with Korea Childhood Leukemia Foundation officials at the foundation office in Jongno, Seoul, Wednes
IndustrySept. 22, 2016
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Citibank Korea supports young job seekers
Citibank Korea’s tie-up with Ewha Womans University and Kyung Hee University is helping students trying to get ahead in the nation’s sluggish job market.Since opening in 2001, the Ewha-Citi Global Finance Academy has been offering lessons about the financial market and providing job experience opportunities to students in pursuit of a career in the industry. Ewha Womans University students attend a lecture at the Ewha-Citi Global Finance Academy. (Citibank Korea)The program invites finance exper
IndustrySept. 22, 2016
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[Newsmaker] Bumpy road ahead for Hanjin, despite W60b from Korean Air
Hanjin Shipping still faces a bumpy road ahead, despite Korean Air's decision to provide financial support for the near-bankrupt company. The airliner, the largest shareholder of Hanjin Group, decided late Wednesday to provide 60 billion won ($58.9 million) to the ailing shipper in loans secured by accounts receivable. Hanjin Shipping’s accounts receivable are estimated to be around $200 million, as of the time when the company filed for the court receivership. The final decision came two weeks
IndustrySept. 22, 2016
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[Editorial] Too vulnerable
Until recently, natural disasters usually meant floods, typhoons and droughts for modern-day Koreans. For many, the thought of encountering a devastating earthquake never occurred to them. This public sentiment -- that Korea is safe from catastrophic underground tremors -- has changed a lot since a 5.8-magnitude earthquake jolted the Gyeongju area on Sept. 12. The temblor, the strongest ever on government record, was preceded by a 5.1-magnitude quake and was followed by more than 400 aftershocks
EditorialSept. 22, 2016
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Samsung struggles to restore reputation amid false reports of Galaxy Note 7 fires
A string of false consumer allegations that their Galaxy Note 7 devices caught fire is dampening Samsung Electronics’ efforts to restore its reputation and consumer trust hurt by faulty batteries prone to potential explosions.Since announcing a worldwide recall of its new large-size smartphone earlier this month, the South Korean tech giant has received a total of 26 false reports of Galaxy Note 7 fires, the company said Wednesday. Samsung’s Galaxy Note 7 (Yonhap)For 12 of the 26 reported cases,
TechnologySept. 22, 2016
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[Editorial] China’s double face
The case of Liaoning Hongxiang Group, a Chinese conglomerate suspected of engaging in banned business activities with North Korea, is yet another piece of evidence that China is allowing loopholes to develop in the UN-led sanctions against the North’s nuclear and missile provocations. According to a South Korea-US joint study, six subsidiaries of the Chinese conglomerate have transacted with sanctioned Burmese and North Korean entities, have been associated with North Korean cyber operators, and
EditorialSept. 22, 2016
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Ottogi vows to enhance social responsibility
Ottogi Co., a leading food company in South Korea, vowed to continue being devoted to its corporate social responsibility programs. “CSR is one of the most important roles of a company,” a spokesman from the company said. “We will commit more in social responsibility to become trustworthy and responsible to customers.” Children pose during a ceremony to celebrate 4,000 successful cardiac surgeries funded by Ottogi in November 2015 (Ottogi)Seoul-based Ottogi has been running several CSR programs
CompaniesSept. 22, 2016
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It’s past time to get serious about Zika
When 21 more people were found infected with the Zika virus in downtown Bangkok recently, state and medical authorities were quick to downplay the news. They should not be so dismissive. This is far too serious an issue. The confirmation raised concern among the public nevertheless that the virus appears to be constantly spreading further. And it added substantial weight to an earlier warning from the European Centre for Disease Prevention and Control that Thailand is a “red alert” country, a cl
ViewpointsSept. 22, 2016
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Ikea Korea bans sales of 15 products amid safety concerns
Swedish furniture maker Ikea has banned 15 models of drawers from sale in Korea as of Sept. 20, in a voluntary measure amid lingering concerns over safety.Andre Schmidtgall, CEO for Ikea Korea, said in a press conference that the company suspended sales of 15 products that do not comply with a preliminary safety standard set up by the Korean government. Ikea stopped selling 15 models, also due to major defects found in its Malm chest that led to the death of six children. Andre Schmidtgall, CEO
IndustrySept. 22, 2016
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Respect for diversity getting chipped
Minorities are treated like second-class citizens in many corners of the globe. Sexual minorities are among those heavily persecuted in oppressive societies. We would not include Indonesia among them, but it is rapidly getting there. Countries that tend to suffocate their citizens are those that ram selected beliefs and values down people’s throats, and ensure that everyone abides by the rules. Therefore, the oft repeated slogan of respect for diversity is getting increasingly chipped, undermine
ViewpointsSept. 22, 2016
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[Pook Ah Lek] The dilemma of a bloated foreign workforce
This is the 12th article in a series of columns on global affairs written by top editors from members of the Asia News Network and published in newspapers across the region. -- Ed.No one can tell for sure how many migrant workers we actually have in this country. Even the authorities and individual officials offer their own variable numbers, not so much because they have something to hide from the public but simply no one knows exactly how many of them are here. According to the human resources
ViewpointsSept. 22, 2016
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Man dies after saving 8 from fire
Twenty-eight year-old Ahn Chi-beom, who sacrificed his life saving eight neighbors from fire, is being recommended for posthumous honored citizen status.An honored citizen is one who was killed or wounded for a righteous cause such as attempting to prevent loss of life or damage to assets outside of one’s professional liability. (Yonhap)Lee Jung-hyun, chairman of the ruling Saenuri party, visited the funeral house in Seoul on Thursday and proposed the deceased’s designation as an honored citize
Social AffairsSept. 22, 2016
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Give Libor Some Competition
In 2012, the London interbank offered rate -- Libor -- gained worldwide notoriety when it emerged that traders had conspired to manipulate this vital financial benchmark. Clearly, the system was broken and would have to be mended. Four years later, the repairs aren‘t finished. Given the stakes, regulators are right to tread carefully. That said, they need to start making progress -- not so much toward mending Libor as toward creating an alternative. Libor is constructed by polling banks on the i
ViewpointsSept. 22, 2016
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[Park Sang-seek] Culture clashes in and between states
After the cold war was over, most people thought the age of conflict had finally ended. But humanity is faced with more conflicts than ever before: Violent conflicts between states have greatly decreased, but nonviolent conflicts between them have not. Within states, regardless of West or the non-West, all kinds of primordial conflicts have increased – perhaps more than ever before. They are racial, religious or sectarian, ethnic, tribal and regional conflicts and disputes. These domestic disput
ViewpointsSept. 22, 2016
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Mother and daughter found dead in Daegu, grandson missing
A 52-year-old woman and her 26-year-old daughter were found dead in North Gyeongsang Province. The police suspect that the mother, who showed signs of depression prior to her death, killed her daughter and later took her own life. The 11-year-old boy, last seen leaving the apartment (Daegu Suseong Police)The body of the 52-year-old was discovered on Tuesday along the Nakdong River in Goryeong County in North Gyeongsang Province. She had no special wounds that hinted violent crime, and did not ap
Social AffairsSept. 22, 2016