Most Popular
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40% of Korea's workers who reported bullying faced retaliation: survey
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Over 82,000 Korean young people unemployed, not searching for job long-term
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600 evacuated as heavy rain floods roads, homes in southern regions
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[KH Explains] Can smart chargers ease tensions over EV fires?
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[Weekender] Young Koreans more open to Japanese cultural products
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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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Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
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Doctors defend colleague accused of blacklisting non-strikers
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Households pay 1.5 times more for electricity in summer: data
Korea’s state-run power company collected nearly 900 billion won ($823 million) in August last year from household users, 1.5 times more than the monthly average charged for electricity use in spring and fall, data showed Wednesday. According to the Korea Electric Power Corp, the company charged 885 billion won for household users, nearly 60 percent higher than bills levied in October worth 556 billion.A salesperson introduces air conditioners to a customer at a store in Seoul. (Yonhap)In contra
IndustryAug. 10, 2016
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Huawei jumps into consumer tech market with new PC
China’s tech giant Huawei said Wednesday that it will launch a new computer product in South Korea, jumping into the fierce market race that has been led by home players as Samsung and LG.Huawei will launch its new device MateBook that combines the features of a laptop and a tablet on Thursday. This is the first digital device the Chinese firm rolled out here other than smartphones it has offered since 2014 in partnership with mobile carrier LG Uplus. Wu Bo, Japan and Korea regional head of Huaw
TechnologyAug. 10, 2016
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Seoul unveils W2.2tr plan to nurture AI, future tech
Korea will invest 2.2 trillion won ($2.01 billion) over the next 10 years to nurture future technologies, including artificial intelligence, virtual reality and automated driving, the government said Wednesday. The plan, endorsed at a meeting presided over by President Park Geun-hye, entails nine projects receiving a total of 2.2 trillion won in governmental and private investments by 2026, as “new growth engines” in the Korean economy. (123rf)The sectors for future growth are autonomous vehicle
IndustryAug. 10, 2016
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FSC chief says DSME still a big problem
The nation’s top financial regulator on Wednesday refuted criticism on its exclusion of Daewoo Shipbuilding and Marine Engineering from the latest credit screening process, adding that the ailing company is not exempted from government monitoring and remains a big problem. “The financial authority is well aware of the fact that DSME is a company in need of intense corporate restructuring and it is already under one of the toughest self-correcting plans,” said Yim Jong-yong, tge chairman of the F
Aug. 10, 2016
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‘Samsung Electronics trails behind in infotainment development’
Samsung Electronics is trailing behind other global firms in in-vehicle infotainment patents, an industry report said Wednesday.According to IP Wacthdog, the Korean electronics giant ranks No. 8 in terms of the number of U.S. patents in the car infotainment field, making up 3.9 percent of the total. GM ranks No.1, owning 21.4 percent of all related patents, followed by Porsche and Ford. In-vehicle infotainment refers to IT technology that allows drivers to use navigation, phone calls and other
IndustryAug. 10, 2016
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Korea's military ready to hold talks with THAAD site residents
South Korea's military said Wednesday it is always open to dialogue with residents opposed to the deployment of an advanced missile defense shield, over health risks linked to its powerful radar. "We have no reasons to reject talks with Seongju residents over the THAAD deployment. There seems to be a consensus in Seongju in the making for talks with the government. Once they decide to have a dialogue, they said they will contact us," an official at the Ministry of National Defense said.Earlier t
DefenseAug. 10, 2016
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Korea to broaden economic cooperation with development bank in Central American
South Korea will seek wider cooperation with a development bank in Central America to help its companies tap into the sectors of infrastructure building and energy developing in the region, the trade ministry here said Wednesday.Trade Minister Joo Hyung-hwan held a meeting with President Nick Rischbieth of the Central American Bank for Economic Integration in Seoul to discuss ways to widen cooperation between South Korea and Central American countries, according to the Ministry of Trade, Infrast
InternationalAug. 10, 2016
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First-ever Korean chartered flight lands in Scotland
The first-ever Korean chartered flight landed in Glasgow, Scotland on Aug. 5, opening a fresh and convenient travel experience for Korean customers, a local company Hanjin Travel said Wednesday.Hanjing Travel, an affilate of the nation‘s largest air carrier Korean Air, also plans to send two more from Incheon Airport to Glasgow Airport on Aug. 12 and 19, the company said. Kwon Oh-sang, ceo of Hanjin Travel (center) recieves warm welcoming from locals at Glasgow International Airport, Scotland. (
IndustryAug. 10, 2016
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BMW to recall over 10,000 cars over defects
BMW Korea will recall 11,968 cars sold here after a defect was found in their baby seat latch, the transportation ministry said Wednesday.According to the Ministry of Land, Infrastructure and Transport, the cars ISOFIX baby seat latch may break under repeated stress and thus become unable to hold the baby seat safely in place.The recall affects 11 models, including X3 and xDrive20i, produced between Nov. 19, 2010 and April 15, 2016. Owners of the cars can get their vehicle fixed at BMW Korea ser
IndustryAug. 10, 2016
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Controversy persists in Korea over restrictions on Google Maps
A yearslong controversy over restrictions on Google Maps persists in South Korea, about two months after the world's biggest search engine again requested the Korean government to allow it to export government-supplied map data outside of the country. Google had made the same request in 2010, but it was rejected because South Korea's National Security Law, drafted more than a half century ago to fight communism, banned the Korean government from sending such map data to other countries. For Goog
Foreign AffairsAug. 10, 2016
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THAAD row feared to hurt S. Korea-China alliance against N.K.'s nuclear threat
China has been ramping up its opposition to South Korea's plan to deploy a U.S. advanced missile defense system on its soil, with some of its scholars even raising a possibility that it could end up hurting their alliance in coping with the nuclear and missile threats from Pyongyang.In a meeting in Beijing on Tuesday with six first-term lawmakers from the major opposition Minjoo Party of Korea, Chinese scholars were united in expressing strong objections to the planned deployment of the Terminal
Foreign AffairsAug. 10, 2016
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Household debts keep rising on rate cut, housing trade
South Korea's household debt shows no signs of abating despite efforts to tackle the potential risk factor for the local economy, central bank data showed Wednesday.The balance of household loans extended by local banks amounted to 673.7 trillion won ($616 billion) as of the end of July, an increase of 6.3 trillion won from a month earlier, according to the Bank of Korea.Of the aggregate debts, home-backed loans extended by banks rose by 5.8 trillion won to 506.6 trillion won."Household borrowin
Aug. 10, 2016
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Korea's money supply up 7.2% in June: BOK
Money supply in South Korea grew more than 7 percent on-year in June, largely due to a rise in household debt, the central bank said Wednesday.The nation's "M2" totaled 2,335.5 trillion won ($2,135.4 billion) for the month, up 7.2 percent from a year earlier, according to the Bank of Korea. It marks a 0.7-percent rise from May.M2 is a measure of money supply counting the currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock inves
Aug. 10, 2016