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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LG Innotek to build new camera module factory in Vietnam
[THE INVESTOR] Electronic components firm LG Innotek said July 28 that it would invest US$ 230 million by 2018 to build a camera module factory in Haiphong, the third largest city of Vietnam.The company’s board of directors approved a new funding of US$ 20 million to be used for setting up a local branch at a meeting in Seoul on July 27. LG Innotek`s camera moduleLG Innotek will roll out camera modules for smartphones and vehicles at the new factory in Vietnam, where the monthly minimum wage is
TechnologyJuly 28, 2016
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Mirae Asset Global Investments denies IPO plan for REITs unit
[THE INVESTOR] Mirae Asset Global Investments denied July 28 a report that the firm plans to take its real estate investment trust unit public next year on stock exchanges in the US and Singapore to raise multitrillion won funds to accelerate its property investment business. “We have long wished for setting up a real estate investment trust unit and its initial public offering. But we haven’t mapped out any plans,” an official at Mirae Asset Global Investments told The Investor. On July 28, a l
July 28, 2016
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Kim Soo-ja explores body, mind with clay
A huge wooden table fills an entire exhibition hall at the National Museum of Modern and Contemporary Art, Korea, overwhelming visitors with its scale. A museum employee hands visitors a lump of clay and asks them to make a ball with it on the elliptical wooden table that has a diameter of 19 meters. “I don’t think I have made anything out of a lump of clay for many years. It used to be a familiar material when we were young,” said artist Kim Soo-ja at the press preview for her solo exhibition a
PerformanceJuly 28, 2016
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Special tax rate for foreigners to be raised, extended until 2019
[THE INVESTOR] The special income tax rate for foreign nationals will be extended until the end of 2019, but raised by 2 percentage points, the government announced on July 28.According to the tax revision announced by the Ministry of Strategy and Finance, the special income tax rate for foreigners will remain in place until the end of 2019 at the raised rate of 19 percent. Foreign nationals working in Korea can choose to be taxed at the special rate for five years from the date their Korea-base
July 28, 2016
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Seoul to require detailed tax data from multinational firms
[THE INVESTOR] South Korea will require multinational corporations to submit business records including those regarding taxation, as part of its efforts to curb tax evasion. According to the revised tax rules, South Korea will comply with the international Base Erosion and Profit Shifting project and require multinational firms with annual revenues exceeding 1 trillion won (US$889 million) to submit detailed records.
July 28, 2016
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K-dramatized ‘Good Wife’ is expressive, direct
The popular U.S. legal drama “The Good Wife” starts out with its heroine Alicia Florrick, played by Juliana Margulies, standing rigidly next to her disgraced politician husband at a press conference, her expression unfathomable. The show which aired from 2009 to May this year traced Florrick’s growth as she heads out into the workplace to support her family when her husband is sent to prison, after 15 years as a stay-at-home wife. Margulies’ nuanced portrayal of the heroine’s steely composure co
TelevisionJuly 28, 2016
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EXID to perform at Chinese digital game expo
K-pop group EXID will perform at the 2016 China Digital Entertainment Expo and Conference -- also known as ChinaJoy -- on Thursday and Friday at the Shanghai New International Expo Center. This is the first time the event organizers have invited a Korean girl group to the global conference. Held every year in Shanghai since 2004, ChinaJoy is a multiday expo that brings together companies from the digital gaming industry. This year’s event is expected to attract over 300,000 participants and att
PerformanceJuly 28, 2016
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‘Operation Chromite’ tops local box office
War drama film “Operation Chromite” topped the Korean box office on the first day of its release, according to the Korean Film Council on Thursday. On Wednesday, the movie attracted 477,033 viewers across 899 theaters, while “Train to Busan” ranked second with 422,303 moviegoers. The apocalyptic thriller “Train to Busan” released on July 20 set opening day and single day viewership records for all films ever screened in Korea. The American spy action film “Jason Bourne,” which also opened Wednes
FilmJuly 28, 2016
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KDI report says fallout of sanctions gradually visible in N. Korea
North Korea's economy could face stronger shocks if international sanctions on the communist country persist, a report said Thursday.North Korea is under the toughest U.N. sanctions ever over its fourth nuclear test and its long-range rocket launch earlier this year.The sanctions call for, among other things, the mandatory inspection of all cargo going into and out of the North, and a ban on the country's exports of coal and other mineral resources to cut off North Korea's access to hard currenc
North KoreaJuly 28, 2016
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Ordinary spots shed light on counterterror in new London show
LONDON (AFP) -- A haunting picture of a forest and photographs of Guantanamo Bay -- eerie locations where extraordinary rendition took place lift the veil in art form on government methods to counter terror.“Extraordinary rendition involved very ordinary places,” said artist Edmund Clark, pointing at the forest picture, which is part of the new exhibition “War of Terror” that opens in London on Thursday.The exhibition’s loose sequence starts with the theme of extraordinary rendition, followed by
PerformanceJuly 28, 2016
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Navy launches new patrol boat to counter N. Korean hovercrafts
South Korea's Navy launched a new fast patrol boat to help counter North Korea's hovercraft force along its maritime demarcation line, the military said Thursday. The new 210-ton patrol boat killer medium, rocket, named Chamsuri-211, will gradually replace the existing 20-year-old Chamsuri patrol boats in service, the Navy said. A spokesman said the new boats will greatly bolster Seoul's ability to defend the tension-prone western maritime sea border with North Korea.(Yonhap)The launching event
DefenseJuly 28, 2016
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Dali stolen from Dutch museum ‘found after seven years’
THE HAGUE (AFP) - Two renowned paintings stolen from a Dutch museum seven years ago, one by Salvador Dali and the other by Polish artist Tamara de Lempicka, have been recovered, a specialist art detective said Wednesday.Dali's 1941 surrealist work “Adolescence” featuring the Catalan artist and his beloved nanny and Lempicka’s sensual 1929 tableau “La Musicienne” have been tracked down, detective Arthur Brand said via his Twitter account.“We recovered the #Dali and the #DeLempicka, stolen in 2009
PerformanceJuly 28, 2016
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Ruling party lawmaker's parliamentary seat at stake due to wife's conviction
The wife of a ruling party lawmaker received a jail term on Thursday for violating the election law, which could lead to the nullification of her husband's election if the ruling is confirmed by the nation's top court.The Daegu District Court sentenced the wife of Rep. Kim Jong-tae of Saenuri Party to a year in jail, suspended for two years, on charges of giving 7.5 million won ($6,600) in total to three people between September and February. The money was given to win support for her husband in
PoliticsJuly 28, 2016
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Visitors to royal palaces in Seoul top 5 million in H1
The number of visitors to royal palaces in Seoul increased sharply in the first half of the year, due mainly to various cultural festivals and a rising influx of foreign travelers, the government said Thursday.According to the Culture Heritage Administration, more than 5.24 million Koreans and foreign tourists visited the capital‘s four most prominent palaces from the Joseon era (1392-1910) in the January-June period. The total represents a 21.5 percent increase from the same period last year an
CultureJuly 28, 2016
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Jonathan Pryce makes ‘Merchant of Venice’ a family affair
NEW YORK (AP) -- Jonathan Pryce is no stranger to William Shakespeare, but one play he has refused to do is “The Merchant of Venice” -- until now.Fresh off two seasons on “Game of Thrones” as High Sparrow, the Tony winner is now on an international tour as Shylock in a Shakespeare's Globe production that co-stars his daughter, Phoebe Pryce. The tour takes him to Washington, D.C., and Chicago this summer before a fall tour of five Chinese cities, including Hong Kong and Beijing, a return to the G
CultureJuly 28, 2016
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No. of new companies in H1 at record high
[THE INVESTOR] The number of corporations established during the first half of the year came to a new half-year record, the Small and Medium Business Administration said on July 28.According to the SMBA, 48,263 new companies were established during the first six months of the year, rising 4 percent from a year ago to set a new record. Retail and wholesale businesses were the most numerous at 11,168, accounting for 23.1 percent of the total, followed by manufacturing and construction businesses.
IndustryJuly 28, 2016