Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Middle East’s big AI push lures Korean tech firms
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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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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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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[News Focus] Investors positively considering bidding for Woori Bank shares
Prospects look bright for the South Korean financial authority’s fifth attempt to privatize state-owned Woori Bank, with a handful of institutional investors positively considering applying for the bid slated to open Friday. So far, Kyobo Life Insurance, Hanwha Life Insurance and Korea Investment Holdings have confirmed as of Tuesday that they are considering buying splinter stakes to become one of the oligopolistic stakeholders of the bank. In August, the Financial Services Commission’s Public
Sept. 20, 2016
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Kumho Tire, last step in Park’s Kumho Asiana group rebuilding
Creditors of Kumho Tire, Korea’s second-largest tire-maker by revenue, are seeking a buyer for their combined controlling stake -- a sale that former owner Kumho Asiana Group Chairman Park Sam-koo would love to see fail. Eight financial institutions, including Woori Bank and Korea Development Bank, on Tuesday put out a public notice of the stake sale. Credit Suisse is arranging the deal. Kumho Asiana Chairman Park Sam-koo (Yonhap)According to the announcement, the shares, worth about 750 billion
IndustrySept. 20, 2016
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[Editorial] Construction-led growth
With exports on a downward spiral, Korea’s economic growth is increasingly being led by the construction industry. Policymakers need to take action to correct this abnormal growth pattern.A report released by the Korea Institute for Industrial Economics and Trade showed that the construction sector accounted for 51.5 percent of the country’s economic growth in the second quarter. Of the economy’s 3.3 percent expansion in the April-June period, 1.7 percentage points came from brisk construction i
EditorialSept. 20, 2016
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[Editorial] Fight against cancer
The Ministry of Health and Welfare has recently finalized the third five-year National Cancer Management Plan, which is aimed at improving the quality of life of cancer patients and expanding the government’s role in fighting cancer. The survival rate of cancer patients in Korea has dramatically improved in recent years thanks to increased efforts for early detection of cancer and advances in cancer treatment. The five-year survival rate for people diagnosed with cancer between 2009 and 2013 wa
EditorialSept. 20, 2016
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‘Anti-China forces’ emerge in Hong Kong
The heavy-handed posture of Chinese President Xi Jinping’s administration appears to have led to the rise of “anti-China” forces in Hong Kong.Continuing progress in democratization and political reforms is essential to maintaining Hong Kong’s stability and prosperity, rather than reinforcing a clampdown.In the recent elections for Hong Kong’s Legislative Council, newly emerging, anti-Beijing forces making such radical calls as “independence” from China have made headway.For the 70-member legisla
ViewpointsSept. 20, 2016
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[Kim Seong-Kon] Importance of good advice
While I was having my hair cut 20 years ago, my barber advised me to wash my hair with soap, not with shampoo. He told me, “You are losing your hair here and there. You’d better stop using shampoo because it’s full of chemicals. Try soap instead.” From that day on, I began washing my hair with a bar of soap. Strangely, however, I noticed a bunch of hair was clogging the sink every time I shampooed with soap. Recently, I switched back from soap to shampoo and I noticed I no longer lost my hair. O
ViewpointsSept. 20, 2016
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[Lee Jae-min] Our ocean, our future
While not well known in South Korea, the Our Ocean conference was held on Thursday and Friday in Washington where representatives from almost 90 counties presented a vivid account of the current status of the global marine environment. This was the largest meeting aimed at discussing conservation of the marine environment and the depleting fish stocks. It showed why global action is needed immediately. For the past several decades, numerous suggestions have been made and projects undertaken in o
ViewpointsSept. 20, 2016
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[David Ignatius] Countering Russian cyberattacks
Faced with Russian nuclear threats during the Cold War, the strategist Herman Kahn calibrated a macabre ladder of escalation with 44 different rungs ranging from “Ostensible Crisis” to “Spasm or Insensate War.” In the era of cyberwarfare that is now dawning, the rules of the game have not yet been established with such coldblooded precision. That is why this period of Russian-American relations is so tricky. The strategic framework that could provide stability has not been set. Russian hackers
ViewpointsSept. 20, 2016
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Samsung SDS forms partnership with Oracle over biometrics
Samsung SDS, the information technology solutions unit of Samsung Group, and US computer technology giant Oracle Corp. have formed a partnership in biometrics, Samsung officials announced Tuesday.Samsung SDS’ biometric authentication solution Fido will be used in Oracle’s Identity Access Management, or IAM suite, according to the Korean company. Top officials from Samsung SDS and Oracle pose during a meeting to form a partnership in San Francisco this week. (Samsung SDS)The users of IAM will be
IndustrySept. 20, 2016
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New agriculture minister vows to address pressing industry issues
South Korea’s newly-appointed Agriculture Minister Kim Jae-soo pledged to swiftly address the pressing issues facing the country’s agricultural sector in his first official appearance before the press on Tuesday. “The industry’s top priorities as of now are stabilizing rice prices, dealing with the negative impacts of the new antigraft law and fortifying the country‘s reservoirs to better withstand earthquakes,” Kim told reporters during a press meeting held in Sejong City. “We have created an e
IndustrySept. 20, 2016