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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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Wage gap widening between SMEs, large firms
Data from the Ministry of Employment and Labor showed this week South Korea’s wage gap between high school and university graduates is smaller than the average of the Organization for Economic Cooperation and Development.The average wage of the country’s university graduates is 37 percent higher than that of high school graduates. The OECD average wage gap is 56 percent.This finding seems to betray the general perception in academic background-oriented Korean society that those with college dipl
Aug. 31, 2016
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‘Interpark hack was spearphishing scam’
A strategy known as spearsphishing was used in the hacking incident that leaked the personal information of over 10 million consumers registered with e-commerce site Interpark, according to the ICT Ministry and the Korea Communications Commission on Wednesday.According to the two agencies, the Interpark hack leaked over 26.6 million pieces of personal information. The hacker used a spearphishing scam, which targeted one specific employee to spread malware throughout Interpark’s network servers a
IndustryAug. 31, 2016
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[DECODED] Celltrion to face stiff competition in biosimilars business
South Korea’s Celltrion is one of the hottest companies to watch in the biopharmaceuticals world, with soaring share prices and rising expectations, but it may soon find itself being chased by competitors.Founded in 2002, the Korean drugmaker is considered a pioneer in the world’s emerging market for biosimilar drugs -- cheaper, near-replicas of expensive biologic drugs that have lost patent protection.Researchers work at a Celltrion lab. (Celltrion)Having jumped into the field earlier than othe
IndustryAug. 31, 2016
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LG Electronics focuses on premium appliances in Europe
LG Electronics is betting big on the European premium appliance market with its centum system technology, the company said Wednesday. Centum system is LG’s unique technology developed to raise home appliances’ durability and energy efficiency, and reduce noise by innovating key parts such as washing machine motors and refrigerator compressors. Customers look at LG Electronics’ centum system washing machine at an appliance store in Germany. (LG Electronics)LG plans to showcase its new centum syst
TechnologyAug. 31, 2016
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NH joins hands with US M&A advisory firm to boost global competitiveness
NH Investment & Securities, the second-largest securities brokerage firm in Korea, will join hands with Evercore Partners, a leading independent mergers and acquisitions advisory firm, in order to boost its global competitiveness. The two companies said Wednesday that they signed a strategic alliance agreement to work together on cross-border investments of businesses at home and abroad, providing them with one-stop advisory services for successful M&A deals. Under the agreement, NH and Evercore
Aug. 31, 2016
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S-Oil offers scholarship for children of deceased firefighters
Seventy children of firefighters who died while on duty received a total of 210 million won ($187,869) in scholarship funds from Korea’s third-largest oil refiner S-Oil to support their academic studies, the company said Wednesday.This year the refiner delivered 3 million won ($2,711) to each recipient at the Yeongdeungpo Fire Station in Seoul, as part of its annual scholarship program for children of fallen firefighters. S-Oil president Kim Dong-cheoul (center) poses with student recipients dur
IndustryAug. 31, 2016
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Posco completes first automotive steel plate plant in Thailand
RAYONG, Thailand -- Korea’s biggest steelmaker Posco on Wednesday completed its first automotive steel plate plant in Thailand as part of moves to expand the steel business in the Southeast Asian market. The company built a continuous galvanizing line plant named Posco-Thailand Coated Steel with an annual capacity of 450,000 tons in Amata City Industrial Estate in Rayong province, 140 kilometers southeast of Bangkok. The steelmaker broke ground for the plant in the heart of Thailand’s automotive
IndustryAug. 31, 2016
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[NEWSMAKER] Rousseff proclaims innocence at impeachment trial
In a session less electric than expected, Brazil’s suspended president proclaimed her innocence at her impeachment trial Monday, branding her vice president a "usurper," calling the drive to oust her a "coup" and warning senators that history will judge them harshly if they oust a democratically elected leader on false charges. Suspended Brazilian President Dilma Rousseff gestures during her testimony in her impeachment trial at the national congress in Brasilia, Brazil, Monday. (AFP-Yonhap)Dil
World NewsAug. 31, 2016