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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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 Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Stock loans close to 8 tln won on bullish outlook
South Korea's stock purchase on credit has hit a fresh high of nearly 8 trillion won ($ 7.2 billion) with more investors borrowing money from brokerage firms to bet on a bullish market, data showed Friday.Outstanding margin loans jumped to 7.78 trillion won as of Wednesday, the highest level of this year, according to the data compiled by the Korea Financial Investment Association and financial information provider FnGuide.The finding has added to concerns over possible damages should there be s
Aug. 26, 2016
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North Korea upgrades security at rocket launch station: 38 North
North Korea has upgraded security measures at a rocket launch station on its west coast over the past two years, presumably out of concern of intelligence leaks, 38 North, a think tank that follows developments in the communist county, said Friday.According to a report by North Korean military affairs analyst Joseph Bermudez carried by 38 North, improvements to the outer perimeter of the Tongchang-ri launch site began around 2011 and proceeded slowly. Then it recently started picking up pace. Th
North KoreaAug. 26, 2016
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Korea resumes kimchi exports to China
South Korea has resumed exporting its traditional side dish kimchi to China after a hiatus of nearly six years as the Beijing government eased its regulations on the pickled food, the agriculture ministry here said Friday.Four local kimchi companies held a ceremony in Wonju, southeast of Seoul, on Wednesday to celebrate the resumption of kimchi exports, following business deals with their Chinese buyers, according to the Ministry of Agriculture, Food and Rural Affairs.The first batch of kimchi,
IndustryAug. 26, 2016
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Park visits creative economy festival
President Park Geun-hye on Friday visited a festival, designed to showcase the outcome of her "creative economy" drive, urging the public and business sectors to step up cooperation in creating jobs and fresh momentum for economic growth.The "Creative Economy Innovation Center Festival" at Seoul's Hanyang University brought together some 1,900 people, including the chiefs of the 17 creative economy innovation centers, aspiring entrepreneurs and top government officials, such as the ministers of
Aug. 26, 2016
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Integrated nat'l sports body to have new face for president
South Korea's top sports body will see new faces running for its presidency as the current leaders have decided not to enter the race.Kang Young-joong, who is the co-chief of the integrated Korean Olympic Committee along with Kim Jung-haeng, said Friday he will not enter the sports body's presidential election, scheduled for Oct. 5. Kim also recently hinted at not running for president.Under the rule, Kang had to resign from his post to enter the election. The KOC code says an incumbent leader s
More SportsAug. 26, 2016
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Korea, Taiwan, China expected to start mass producing super high-definition TV panels
Display panel makers in South Korea, Taiwan and China are expected to start mass production of 8K ultra high-definition TV panels in the fourth quarter of this year, but their final decisions will depend on market conditions, according to industry watchers on Friday. The 8K TVs feature four times the resolution of the 4K TVs, which are on sale by TV makers such as Samsung Electronics Co. and Japan's Sony Corp.Commercial broadcasts for 8K TVs are not available and Japan is currently doing a trial
TechnologyAug. 26, 2016
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Korean lawmakers' average wealth is 3.4 bln won
South Korean lawmakers' average assets have been estimated at 3.42 billion won ($3.06 million), data showed Friday, with the richest figure holding a whopping 234.1 billion won.According to the data compiled by the ethics commission of the National Assembly, lawmakers of the main opposition Minjoo Party of Korea held 5.2 billion won on average, trailed by those of the ruling Saenuri Party with 2.6 billion won.The research was conducted on 154 newly listed lawmakers, who did not serve in the prev
Social AffairsAug. 26, 2016
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Korean stocks open lower on Wall Street losses
South Korean shares opened sharply lower on Friday, tracking overnight losses on Wall Street.The benchmark Korea Composite Stock Price Index lost 11.57 points, or 0.57 percent, to 2,031.35 in the first 15 minutes of trading.The drop followed overnight losses on Wall Street. The Dow Jones Industrial Average closed 0.18 percent lower at 18,448.41 on Thursday, with the tech-laden Nasdaq also slipping 0.11 percent to 5,212.20.Most large caps were in negative terrain.Market behemoth Samsung Electroni
Aug. 26, 2016
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OTC market turnover soars on growing investor interest
Turnover of South Korea's over-the-counter stock market has been surging this year thanks to growing investor attention amid ultra-low interest rates, a market tracker said Friday.The value of transactions on the K-OTC nearly doubled in six months, soaring to 15.7 billion won ($14.1 million) in July from 7.6 billion won in January, according to financial information provider FnGuide. The turnover reached 15.2 billion won in the first 24 days of this month.The Korea Financial Investment Associati
Aug. 26, 2016