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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Seoul to codify int'l safety standard for makgeolli
South Korea plans to submit a draft on the international food standard for makgeolli, as part of its efforts to export the indigenous traditional rice wine overseas, the agricultural ministry said Wednesday.The Ministry of Agriculture, Food and Rural Affairs said it will officially submit a plan to codify safety standards for makgeolli to the Asian office meeting of the Codex Alimentarius Commission in September.The ministry said it aims to establish an international food standard for makgeolli
IndustryJuly 27, 2016
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Chinese firm fined for false disclosure
South Korea's bourse operator imposed a heavy penalty on a Chinese company traded on the country's stock market on Wednesday, for a false regulatory filing that could lead to its delisting.The Korea Exchange designated China Ocean Resources Co. an "unfaithful disclosure" corporate and placed it under a special watch. It was blacklisted as what the KRX calls an "administrative issue." The KRX also slapped a fine of 200 million won ($176,000) on the company, the heaviest fine levied on a listed fi
July 27, 2016
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Samsung Life’s product kills two birds with one stone
Samsung Life Insurance is offering a variable universal whole life product to customers who want lifelong death coverage and a steady flow of income after retirement in one plan, the company said Wednesday. The product, launched in April, is like other regular whole life insurance policies as long as the policyholder is below a preset retirement age, providing coverage on unexpected death by a large lump sum payment of the death benefit. But once the policyholder reaches a certain age -- between
July 27, 2016
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Chief prosecutor dismissed for abusing subordinate who committed suicide
The Supreme Prosecutors’ Office on Wednesday decided to dismiss a chief prosecutor identified by his surname Kim, after confirming multiple occasions of verbal and physical abuse against his subordinate prosecutor who committed suicide in May.Upon internal probe, they concluded that one of the biggest causes of the prosecutor’s suicide was Kim’s harassment and decided to seek the highest level of discipline possible. This is the first dismissal of a prosecutor for abusing a subordinate. The deci
Social AffairsJuly 27, 2016
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8 in 10 workers get after hours orders via messaging apps
Eight out of 10 South Korean workers have been given work-related instructions by their bosses via mobile messaging apps after office hours, a survey showed Wednesday. According to the survey on 1,668 workers by recruitment site Job Korea, 82 percent of them said that they had been contacted by their superiors about work-related issues via messaging apps such as KakaoTalk or Line, after working hours.Fifty-eight percent of thpse polled were negative about such work-related communication outside
Social AffairsJuly 27, 2016
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Korea set to launch Japan-funded foundation to compensate comfort women
South Korea will launch a foundation this week aimed at compensating Korean women who were forcefully conscripted by Japan more than seven decades ago, a move which the neighbors hope will lay to rest a long-running diplomatic feud, Seoul's foreign ministry said Wednesday.The foundation, named Reconciliation and Healing, will set sail on Thursday to financially compensate the wartime victims and restore their dignity with 1 billion yen ($9.5 million) contributed by Japan, according to the Minist
Social AffairsJuly 27, 2016
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P.M. vows to strengthen safety measures
Prime Minister Hwang Kyo-ahn released a set of safety measures on Wednesday to enhance screening for public transport drivers, chemical management at factories and workers’ safety in construction sites in light of a series of man-made accidents. “The government will reinforce safety management for vehicles used for businesses exposed to bigger danger of large-scale accidents,” Hwang said in a meeting with relevant ministries at Seoul Government Complex. Hwang said that the government would enfor
Social AffairsJuly 27, 2016
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LINE swings into black
[THE INVESTOR] LINE, the Tokyo-headquartered mobile messenger operator, said on July 27 that the company’s operating profit improved in the April-June period thanks to strong sales in its ad and media content businesses.Announcing its first earnings result on the day since its IPO in Tokyo and New York this month, the company said it logged 8 billion yen (US$75.74 million) in operating profit, up from an operating loss of 2.4 billion yen in the second quarter of last year. It also recorded 33.9
TechnologyJuly 27, 2016
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LG Innotek suffers W34b operating loss in Q2
[THE INVESTOR] LG Innotek, the electronics parts unit of LG Group, suffered an operating loss of 34 billion won (US$30 million) in the April-June period, the company said in its quarterly earnings report on July 27. Revenue stood at 1.12 trillion won, down 22.6 percent from a year ago.The company said the slowing demand for smartphones has affected its overall sales negatively, adding that it would making a big push on the more lucrative automotive parts business as its new growth engine.In the
TechnologyJuly 27, 2016
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Four Wildcat helicopters delivered to Korean Navy
South Korea's Navy said Wednesday it has received an initial delivery of four Wildcat helicopters it purchased as part of its ongoing efforts to beef up its fighting capability.In 2013, the Navy signed a contract to buy eight AgustaWestland Wildcat marine helicopters for about 400 billion won ($350 million), he said. The helicopters, which carry a low-frequency dipping sonar system that helps it detect and track submarines, will be mounted on frigates or naval destroyers to be used in search and
DefenseJuly 27, 2016