Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Evicted guest burns down inn; 3 killed
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Hanjin’s other companies have debt problems, too
Hanjin Group, the parent company of the near-bankrupt container line Hanjin Shipping, has some serious debt problems at its other companies, data showed Monday. According to chaebul.com, an online corporate research firm, one-third of the group’s 38 units, or 12 companies, are “zombies,” which means they have paid-in capital already impaired by losses or are unable to cover interest costs with what they earn. The group as a whole had debt at 450 percent of its total equity on average for the pas
Sept. 6, 2016
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Financial authorities under fire for belated measures on Hanjin
South Korean financial authorities are drawing criticism from the market for their inability to pre-emptively deal and manage repercussions in the logistics sector following the fallout of Hanjin Shipping.As of early this week, about 70 percent of more than 120 ships run by Hanjin have been blocked, stranded and denied entry at major ports around the world, according to the Korea Shipowners’ Association. Yim Jong-yong (left), chairman of the Financial Services Commission, and Maritime Affairs Mi
Sept. 6, 2016
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South Korean households see healthcare burden growing faster than income growth
South Korean households’ expenditure on healthcare rose faster than the income growth in the last 10 years, a trend that is very likely to accelerate as the country’s population is rapidly aging. According to a survey by Statistics Korea on Sunday, the average monthly income of a household was 4,306,412 won ($3,857) in the second quarter in 2016, increasing by 45.2 percent from 2,965,551 won in the same period in 2006. Meanwhile, healthcare expenditure rose greater than the income growth, with e
Sept. 6, 2016
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Announcement-The Investor introduces AI journalism
The Investor, the online English-language business news portal by Herald Corp., began providing articles written by an artificial intelligence writer Tuesday. The company’s AI writer, named Herald Robot or HeRo, is the first to provide English-language business news written by an AI program in Korea.HeRo will mainly focus on news regarding corporate performance and finance, stock markets as well as closely monitor changes in the shareholding structures of Korean companies. HeRo will initially pr
Sept. 6, 2016