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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Cheong Wa Dae hit by another scandal involving Park confidant
Cheong Wa Dae, which has been struggling for months with a corruption scandal involving a top presidential aide, denied Wednesday suspicions that another confidant of President Park Geun-hye used her influence to offer favors to conglomerate-funded foundations.But despite the Blue House’s denial, the latest charge -- brought up during this week’s parliamentary interpellation and just ahead of next week’s state audit -- added fuel to the opposition parties pressure on President Park Geun-hye’s ad
PoliticsSept. 21, 2016
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Over 72,000 cars needing recall still on the road: report
More than 72,000 cars subject to recall are still on the road, a report showed. According to automobile data submitted Monday to lawmaker Jeong Yong-ki of the ruling Saenuri Party, some 3.8 million vehicles have been subject to recall by the authority since 2011. Only 3.1 million, or 81 percent, were collected and fixed by automakers, the report said. (Yonhap)The remaining 725,549 cars have been untouched. Meanwhile, the report said Renault Samsung did the best in handling potential defects, re
Social AffairsSept. 21, 2016
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Gyeongju to be given disaster zone status
The government and ruling Saenuri Party decided Wednesday to designate quake-stricken Gyeongju, North Gyeongsang Province, a special disaster zone as the historic city suffered from the country’s strongest quake on record last week and more than 400 weaker aftershocks since. The decision came as South Korea’s presidential office, the prime minister, and ruling Saenuri Party held high-level talks Wednesday to discuss measures to deal with the string of quakes that have rattled the southeastern pa
Social AffairsSept. 21, 2016
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Seoul stocks up 0.51% on BOJ's freeze of key rate
South Korean stocks ended higher Wednesday on the Japanese central bank's decision to freeze its key rate. The local currency rose against the US dollar.The benchmark Korea Composite Stock Price Index climbed 10.28 points, or 0.51 percent, to 2,035.99.The Bank of Japan kept its key rate unchanged at minus 0.1 percent."The BOJ's decision pushed up the benchmark index as investors were relieved from the bank's decision to keep its key rate unchanged," said Kim Ye-eun, an analyst at LIG Investment
Sept. 21, 2016
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[Monitor] Producer prices fall in August
South Korea’s producer prices dropped slightly from a year earlier in August in response to large cuts in the prices of coal and petroleum products, central bank data showed Wednesday. The producer price index for August came to 99.02, down 1.7 percent from the same month last year, according to the Bank of Korea.
Sept. 21, 2016
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Finance minister calls for self-help efforts by businesses
South Korea's finance minister said Wednesday that the government will push forward with reforming the corporate sector under the principles of self-help efforts by businesses and do its best to minimize the adverse impact."Based on the principles that creditor banks give out additional aid only when troubled companies come up with painstaking self-reform plans, the government will firmly lead the nationwide corporate restructuring process," Finance Minister Yoo Il-ho said in a meeting of econom
IndustrySept. 21, 2016
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Prosecution remains undecided on detaining Lotte chief
The prosecution is likely to indict Lotte Group Chairman Shin Dong-bin for alleged embezzlement and tax evasion, but it remains undecided on whether to detain him or not.After 18 hours of questioning, Shin left the prosecutors’ office in Seoul early Monday. He said he sincerely responded to the prosecution’s investigation without elaborating. The tycoon has reportedly denied allegations that he created slush funds and evaded taxes. Regarding suspicions that he shifted damages from failed M&A att
IndustrySept. 21, 2016
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Medical expenses for diabetes treatment top 8 tln won in 2011-2015
Nearly 8 trillion won ($7.15 billion) was used in medical expenses for more than 11 million diabetes patients in the past five years, a lawmaker said Wednesday.A total of 11.79 million people received medical treatment for diabetes and diabetic complications with the costs amounting to 7.89 trillion won in the 2011-2015 period, In Jae-keun of the main opposition Minjoo Party of Korea said, citing data of the National Health Insurance Service submitted to the National Assembly.The number of diabe
TechnologySept. 21, 2016
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[Editorial] Ailing competitiveness
A council on the international finance sector development kicked off with its first meeting convened this week, including panels composed of government officials, professors and economists. It aims to increase the nation’s ability to cope with rapidly changing global indices.Its establishment is laudable amid the volatility of global indexes, a series of negative external factors and mounting uncertainties in financial markets.Local market participants are pinning hopes on the council in terms o
EditorialSept. 21, 2016
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[Editorial] Strike season
Concerns are mounting as workers in the financial industry are poised to stage an all-out protest. Employees from some other public sectors including railways, subway lines and hospitals will follow suit in the form of a general strike against the government’s scheduled introduction of performance-based pay scheme.The Korea Financial Industry Union has already publicized its strike plan in which a dominant portion of its unionized workers will participate in the walkout this Friday.As about 100,
EditorialSept. 21, 2016
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German city cancels setup of comfort women statue under Japanese pressure
The agreed setup of a girl statue, symbolizing victims of sex slavery for Japanese soldiers during World War II, in a German city has been virtually scuttled because of apparent strong obstruction and pressure by Japan, a civic organization leader said Wednesday. In a July letter sent to Suwon Mayor Yeom Tae-young, Mayor Dietor Salomon of Freiburg, Germany, notified that his city had accepted Yeom's earlier proposal to build the statue in the German city. Following that, 75 public and civic orga
InternationalSept. 21, 2016
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US sends bomber, steps up vigilance against NK
The US Air Force on Wednesday deployed its B-1B strategic bomber from Andersen Air Force Base, Guam, to South Korea, in a move seen as a show of force against belligerent North Korea and a demonstration of the Seoul-Washington alliance.According to the US Forces Korea, two B-1B Lancers flew over South Korea’s airspace and one landed in Osan Air Base. US strategic bomber B-1B Lancer lands Wednesday on Osan Air Base at Pyeongtaek, Gyeonggi Province. / Yonhap“The bond between the United States and
North KoreaSept. 21, 2016
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[News Focus] Government braces for industry-level strike by financial workers this week
Tension is growing between South Korean financial authorities and the trade unions of financial institutions ahead of an industry-wide labor strike slated for Friday.The Financial Services Commission and the Financial Supervisory Service on Wednesday held an emergency meeting with the heads of seven commercial banks whose labor unions decided to go on strike this week to discuss contingency plans regarding possible inconvenience to consumers. The Korean Financial Industry Union has been warning
Sept. 21, 2016
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Firms to adopt their own credit rating systems next year
The Financial Services Commission on Wednesday came up with a string of measures to improve the credit rating market after coming under fire for belated actions on defaulting companies by local credit rating agencies. The FSC will allow financial institutions to adopt stand-alone credit rating systems starting next year, and all businesses from 2018. Such independent rating systems will help firms evaluate their own risks while making investment decisions and improving fiscal soundness, the comm
Sept. 21, 2016
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[팟캐스트](162) 경주 지진 외 1건
진행자: 이현정, Julie Jackson1. 경주 지진기사요약: 지난 12일 경주 인근에서 규모 5.8 지진이 일어난 데 이어, 지난 19일에는 부근에서 규모 4.5 여진이 발생했다. 300번이 넘은 여진이 일주일 넘게 지속되자 경북 주민들은 불안감을 호소하고 있다. 경북도가 지진 피해 합동 조사단을 꾸린 가운데 정부는 경주를 특별재난지역으로 선포하기로 했다. 한편, 연이은 지진에도 정부의 부실한 대응이 계속되면서 비판의 목소리가 커지고 있다.아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638Fear grips as 4.5 magnitude quake hits southeastern Korea again[1] A magnitude 4.5 earthquake struck near the his
PodcastSept. 21, 2016
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Jonathan Safran Foer’s ‘Here I Am’ depicts a marriage falling apart
“Here I Am”By Jonathan Safran FoerFarrar, Straus and Giroux (592 pages, $28)True to the crumbling marriage at its center, what’s best in “Here I Am” — Jonathan Safran Foer’s moving, maddening and messy novel — comes early.Julia and Jacob have been married for 16 years and have three boys. In the beginning, they’d committed to a policy of complete honesty, convinced they could tell each other everything and be stronger for doing so.But by the time we meet them, Jacob is sexting a work colleague a
BooksSept. 21, 2016
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Sanofi files patent suit over Lantus biosimilar developed by MSD, Samsung Bioepis
French pharmaceutical giant Sanofi has filed a patent infringement lawsuit against US-based Merck & Co. over a Lantus biosimilar the US drugmaker developed with partial funding from Samsung Bioepis. Sanofi on Monday sued Merck & Co. in the US District Court of Delaware, claiming that Merck’s international division Merck Sharp & Dohme infringed as many as 10 patents held by the French drugmaker for its blockbuster diabetes treatment Lantus and its injection device SoloStar. The French company sai
IndustrySept. 21, 2016
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Harmonies, strife in Love’s Beach Boys tale
“Good Vibrations: My Life as a Beach Boy”By Mike Love with James S. HirschBlue Rider Press (448 pages, $28)Mike Love is acutely aware that he is perceived as a villain.In his new autobiography, “Good Vibrations: My Life as a Beach Boy,” Love puts the conventional public framing of his relationship to his cousin and musical collaborator Brian Wilson simply: “For those who believe that Brian walks on water, I will always be the Antichrist.”But every villain is the hero of his own story, and “Good
BooksSept. 21, 2016
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Demand for emergency supplies soars over earthquake risk
Sales of disaster-related supplies in South Korea are skyrocketing due to heightened safety concerns after unprecedented quakes hit the nation’s southeastern area last week.Since the magnitude 5.8 quake hit Gyeongju in North Gyeongsang Province on Sept. 12, online retailer G-market has seen the sales of some goods rise. For instance, gas masks and emergency generators saw a 37 percent increase in sales compared to last year. Pain relief patches and first aid kits have also been selling well on G
IndustrySept. 21, 2016