Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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[KH Explains] Can smart chargers ease tensions over EV fires?
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40% of Korea's workers who reported bullying faced retaliation: survey
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Arrival of fall calls for more outdoor festivals
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[News Analysis] Naver, Kakao accused of copying start-ups’ software
Local startups are speaking out against South Korean IT giants that have allegedly plagiarized their services, saying that such unfair practices further marginalize smaller companies in the country’s highly competitive tech sector. Naver, the operator of Korea’s largest portal website, and Kakao, which runs the country’s leading mobile messenger KakaoTalk and portal website Daum, have been accused of copying software originally developed by local tech ventures. Last week, the chief of Korean sp
TechnologyAug. 22, 2016
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Park: North Korea shows signs of 'serious cracks'
President Park Geun-hye on Monday warned that North Korea may carry out provocations including terrorist attacks in response to signs of “cracks” within the communist regime.“The North Korean regime, which has been repressing its people with an extended reign of terror while ignoring their livelihoods, has recently been showing signs of serious cracks,” the president said during a National Security Council meeting.She was referring to the series of defections of high-profile North Korean figures
PoliticsAug. 22, 2016
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[NEWSMAKER] Mixed views on Samsung Electronics stock
After a two-day record-breaking rally, Samsung Electronics shares on Monday took a breather, closing 0.6 percent lower than the previous session. As soon as the Seoul market opened, Samsung Electronics shot to another intraday high of 1,692,000 won, but lost all of its gains on heavy foreign profit-taking. After choppy trading, it settled at 1,665,000 won at close. Local stock analysts seem mixed on the future direction of the market bellwether stock, which alone accounts for nearly 20 percent o
Aug. 22, 2016
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[Editorial] Outrageous remarks
Despite the agreement with the government of South Korea in late 2015, Japan has yet to halt its distortions of historical facts about the wartime sex slavery during the Japanese colonial rule of the peninsula.On the English website of its foreign ministry, a senior Japanese official again denied forceful mobilization of the so-called comfort women by its military and government authorities during World War II.Deputy Foreign Minister Shinsuke Sugiyama was quoted as saying that the Japanese gover
EditorialAug. 22, 2016
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[Editorial] Oil producers
International crude prices, which retreated in July after a noteworthy rebound during the first half, are spiraling again this month.Dubai crude, which peaked at $48 per barrel on June 8, plunged to $38 on Aug. 2. But it has bounced back over the past few weeks to surpass $44 per barrel. West Texas Intermediate and Brent crude have touched $48 and $50, respectively.The recent trend hints that the era of $30-$25 per barrel, which came in early 2016, will not come again in the coming years, while
EditorialAug. 22, 2016
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Yuanta Securities to widen doorway to Chinese market
Yuanta Securities, a Seoul-based brokerage of Taiwan’s leading Yuanta financial group, is opening another door for domestic investors looking at China’s stock market. Yuanta Securities announced earlier this month that it will kick off selling a public offering fund to guide domestic investors to China’s stock market. The fund, or “Tongyang China AMC Long short investment trust H,” pours money into the Chinese market with a long-short strategy, through the fund run by Hong Kong-based asset manag
IndustryAug. 22, 2016
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[Justin Fox] What exactly is it that we‘re all so polarized over?
The political history of the US from the late 1830s through the 1850s is one long tragedy. President after president struggled to hold together an increasingly polarized nation. None served more than one term, two died in office -- and by 1860 the country was falling apart.We hear a lot these days that we’re in a new age of polarization, with measures of partisanship showing a divide greater than at any time since the Civil War. But there’s a striking difference: It’s pretty clear what the polar
ViewpointsAug. 22, 2016
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Seoul to sell 30% stake in Woori Bank to multiple buyers
After four failed attempts, the Korean financial regulator came up with a revised measure to privatize state-owned Woori Bank on Monday, in a bid to make the sale successful this time. In the fifth attempt, the Financial Services Commission and its Public Fund Management Committee decided to sell a total of 30 percent out of a 48.09 percent stake held by the Korea Deposit Insurance Corp. to multiple investors, splitting the shares into 4 to 8 percent chunks. The committee expects a minimum of fo
Aug. 22, 2016
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[Adam Minter] China’s empty oceans from overfishing, pollution
On Wednesday, Indonesia celebrated its Independence Day with a bang -- blowing up several Chinese boats that had been caught fishing illegally in its waters and impounded. China doesn’t dispute Indonesia’s territorial claims, but Chinese fishermen have more pressing concerns. According to reports in Chinese state media this week, overfishing and pollution have so depleted China’s own fishery resources that in some places -- including the East China Sea -- there are virtually “no fish” left.That’
ViewpointsAug. 22, 2016
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[Howard Davies] Nervous times for London‘s financiers
LONDON -- In the wake of the 1953 workers’ uprising in East Germany, the playwright Bertolt Brecht mordantly suggested that “if the people had forfeited the confidence of the government,” the government might find it easier to “dissolve the people and elect another.” It is a sentiment that resonates with many in the United Kingdom today, in the aftermath of June’s Brexit referendum.In the heat of the referendum campaign, Michael Gove, then the justice secretary and a leading member of the “Leave
ViewpointsAug. 22, 2016
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[Jeffrey Frankel] Trump’s fiscal follies on vague plans
CAMBRIDGE -- This year’s presidential election campaign in the United States is certainly unique. Donald Trump has shaken up the way a campaign is run, how a nominee communicates with voters, and the Republican Party’s platform, with many of his positions deviating from GOP tradition. But, on tax policy, Trump has toed the party line -- and that’s not a good thing.Of course, any assessment of Trump’s declared positions risks being rendered meaningless within a few hours. He changes his positions
ViewpointsAug. 22, 2016
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[Faye Flam] Inventions that changed our genes
Of all living things, why do humans alone create advanced technology? Not long ago, scientists thought it was because we are the only intelligent life form on this planet. That explanation alone no longer suffices. Over the last decade, scientists have discovered that crows can use tools, hyenas can cooperate to solve complex problems, jays can plan for the future, rats and voles can demonstrate empathy and ducklings are capable of abstract thought.Yet our technology is extraordinary. Why were w
ViewpointsAug. 22, 2016
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When Rio’s revelry ends and reality kicks in
With the Summer Olympics closing ceremony around the corner, are Brazilians raising their national cocktail caipirinhas or crying in them? There is reason for Rio to revel -- the Zika scare has not turned into a Zika crisis. The polluted waters of Guanabara Bay, Rodrigo de Freitas Lagoon and along Fort Copacabana have not induced outbreaks of retching among swimmers, rowers and sailors. Rafaela Silva, a young female judo athlete from Rio’s infamous City of God favela, gave Brazil its first gold
ViewpointsAug. 22, 2016