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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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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Hyundai Heavy returns to profit in Q2 on cost reduction
[THE INVESTOR] Hyundai Heavy Industries bounced back into profit in the second quarter, driven by cost-cutting efforts under the industry-wide restructuring program and strong performance in its non-shipbuilding sectors. The world’s largest shipbuilder posted operating profit of 557.2 billion won (US$490.70 million), a huge turnaround from a loss of 171 billion won from a year earlier, the company said in a regulatory filing on July 27. Hyundai Heavy's shipyardIn the April-June period, the ship
IndustryJuly 27, 2016
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Prosecutors indict Vietnamese fishermen on murder charges
Prosecutors said Wednesday they have indicted two Vietnamese fishermen on charges of murdering two South Koreans aboard a vessel in the Indian Ocean last month.The Busan District Prosecutors' Office said the suspects, both aged 32, are accused of stabbing to death the 43-year-old captain and the 42-year-old engineer of the deep-sea fishing vessel Kwang Hyun 803 in waters near Seychelles.The two arrived at Incheon International Airport, west of Seoul, earlier this month. (Yonhap)During the inves
Social AffairsJuly 27, 2016
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Daughter of former health minister joins cyber battle against misogyny
Yoo Su-jin, a daughter of the former Minister of Health and Welfare Rhyu Si-min, joined the battle with radical feminist network Megalian against misogyny. She publicly announced Sunday that “I am on the same side of Megalian,” which heated up debate online.Yoo pointed out what Korean feminists were trying to achieve in the group. “What Megalians do,” she wrote, “is swap the gender roles and send the comments right on back to men, what they have been doing against women on the Internet.” “If the
Social AffairsJuly 27, 2016
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Samsung inks patent licensing deal with Valencell
[THE INVESTOR] Samsung Electronics has recently inked a patent licensing deal with US-based biometric sensor developer Valencell in a move to further expand its presence in the soaring health care wearables market. Samsung Gear IconX earbuds that also work as a fitness trackerValencell has a highly cited patent portfolio in optical biometric sensor technology, which includes 35 patents granted and more than 70 additional patents pending. With the latest patent licensing deal, Samsung is expected
TechnologyJuly 27, 2016
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Hyundai Oilbank posts record H1 operating profit
[THE INVESTOR] Hyundai Oilbank, a refinery affiliate of Hyundai Heavy Industries disclosed on July 27 that its consolidated operating profit for the first half of the year came to record high of 524.8 billion won (US$461.97 million). The company has now recorded operating profits for the 16th consecutive quarter. Its second quarter revenues came to 2.81 trillion won, and operating profits came in at 323 billion won. With second-quarter operating profits rising 37.9 percent compared to the same p
IndustryJuly 27, 2016
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What is your favorite public art in Seoul?
The Seoul Metropolitan Government said Wednesday that it is looking for Seoul residents, including foreigners, to uncover public art in the city’s streets. Compared to cities famous for iconic and popular landmarks such as the Statue of Liberty in Manhattan and the 3-ton bronze sculpture Charging Bull in Wall Street, Seoul is relatively less known for public art and its landmarks.To build a city with more variety in culture, architecture and public art, Seoul City kicked off a project last year
Social AffairsJuly 27, 2016
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Consumer sentiment improves in July
South Korea’s consumer sentiment index rebounded toward its previous high over three months in July, as concerns over corporate restructuring and the Brexit vote both at home and abroad fell, following policy measures to cushion the economy from possible shocks.The consumer sentiment index stood at 101 this month, up 2 points from a month before, the Bank of Korea said Wednesday.Along with the April sentiment at 101, the July index marks the highest since December last year when it stood at 102.
July 27, 2016
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[Monitor] Newborns fall to lowest level in May
The number of children born in South Korea dropped to an all-time seasonal low in May, official data showed Tuesday. The number fell 5.8 percent on-year to 34,400, according to Statistics Korea.
July 27, 2016
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Samsung C&T returns to profit in Q2
[THE INVESTOR] Samsung C&T, a construction and trading affiliate of Samsung Group, bounced back into profit in the second quarter, on the back of its construction and resort segments. In the April-June period, the company posted operating profit of 176.81 billion won (US$158.88 million), reversing a loss of 434.81 billion won in the previous quarter, it said in a regulatory filing on July 27. Net profit came to 134.58 billion won, a turnaround from 516.63 billion won loss from the January-March
IndustryJuly 27, 2016