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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Regional security forum to kick off with NK nuke likely to dominate agenda
Top diplomats from nearly 30 Asia-Pacific countries and regional powers will meet Tuesday to discuss regional security issues such as North Korea's nuclear weapons program. The ASEAN Regional Forum, the largest regional security gathering, will be attended by foreign ministers from the 10 members of the Association of Northeast Asian Nations and top officials from other parts of Asia, North America, Europe and Oceania.The ARF is a rare international occasion attended by the North along with all
North KoreaJuly 26, 2016
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Population movements fall in June on mortgage regulations
The number of South Koreans changing their residences dropped nearly 13 percent on-year in June as the housing market showed signs of slowing, the state statistics agency said Tuesday.A total of 567,000 South Koreans changed their residences in June, down 83,000, or 12.8 percent, from a year earlier, according to data compiled by Statistics Korea.Among them, 67.6 percent moved their homes within their cities or provinces, while 32.4 percent switched to other areas.The population mobility rate --
Social AffairsJuly 26, 2016
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N. Korea's Air Koryo seems to be operating regular Pyongyang-Jinan route: VOA
North Korea's national carrier Air Koryo appears to have opened a regular flight service between Pyongyang and China's eastern city of Jinan for what seemed to be the transport of Chinese tourists, a Washington-based news media report said Tuesday.According to Voice of America, the North Korean flag carrier recently launched regular flights between the two cities twice a week, raising speculations the North Korean jet may be transporting Chinese tourists to the reclusive country.VOA said that Ai
North KoreaJuly 26, 2016
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German car imports fall for first time in 13 years on VW scandal
[THE INVESTOR] The import volume of German-made cars in South Korea dropped for the first time in 13 years amid an emission-rigging scandal involving Volkswagen and Audi cars, industry data showed on July 26. The number of German vehicles imported in the January-May period came in at 51,736 units to reflect a 12.7 percent decrease from the same period in 2015, according to the Korea Automobile Importers and Distributors Association. Volkswagen cars are lined up at Pyeongtaek Port. / The Investo
MobilityJuly 26, 2016
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Korean apparel makers looking for new owners
[THE INVESTOR] Several medium-sized Korean apparel makers are looking for new owners. Struggling with a sluggish market, some have been pushed over by global SPA companies into court receivership, and are now seeking to find right bidders to breathe new life into them.YK038 that owns womenswear lines HUM and Shatin has selected Samil PricewaterhouseCoopers to lead its sale and will accept letters of intent by Aug. 4. YK038's wear lines HUM / Naver ShoppingThe Seoul Central District Court is in t
IndustryJuly 26, 2016
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Consumers sue Coway over faulty water purifiers
A group of 160 consumers on Tuesday filed a suit against Coway, South Korea's leading water purifier maker, demanding 1.6 billion ($1.4 million) in compensation for damages from using water purifier models with a nickel coating that tainted the water.Nickel from the coating was found in dispensed water in three ice maker/water purifier models by Coway, with the number of users involved estimated at about 87,000. Coway vowed to take responsibility should any health problems be confirmed from usin
IndustryJuly 26, 2016
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Korean Olympic football striker diagnosed with bruised ribs
South Korean Olympic football striker Suk Hyun-jun has been diagnosed with bruised ribs following a recent practice match ahead of the Rio de Janeiro Games, the sport's national governing body said Tuesday.Suk's teammate, midfielder Lee Chan-dong, has a sprained right ankle, according to the Korea Football Association.The two players were injured during an unofficial practice match against Iraq in Sao Paulo on Sunday (local time). Suk left the game early in the match, and Lee was replaced just b
SoccerJuly 26, 2016
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Korea picks U.S.-based UHD TV standard
South Korea picked the U.S.-based Advanced Television Systems Committee 3.0 standard for the country's ultra-high-definition television broadcasting set to launch next year, the science ministry said Tuesday.The Ministry of Science, ICT and Future Planning said it preferred the ATSC 3.0 standard for UHD TV broadcasting that begins next February over the Europe-based DVB-T2 standard.UHD TVs manufactured by local TV makers have so far been based on the DVB-T2 broadcasting system and will require a
TechnologyJuly 26, 2016
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UK fintech firm Anthemis to operate US$10m fund with Hanwha Life
[THE INVESTOR] Anthemis Group, one of UK’s leading fintech investment firm, has joined hands with Hanwha Life to operate a US$10 million (11.3 billion won) fund. Anthemis was founded in 2010. Its main area of expertise is investing in financial services companies, mainly those in retail banking and consumer finance, data technology and infrastructure, and wealth and asset management. Hanwha Life headquarters in Yeouido, Seoul.Hanwha currently manages up to 100 trillion won (US$ 87.88 billion) of
July 26, 2016
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Huawei’s S. Korean branch under tax probe
[THE INVESTOR] Chinese cellphone maker Huawei’s South Korean office is being probed by tax authorities, local media reported on July 26. According to reports, the Seoul branch of the National Tax Service recently dispatched officials from the international business division for a tax audit. While Huawei said that it is a regular audit conducted every five years, reports citing unnamed sources say that the NTS is focusing on determining whether tax evasion occurred in dealings between Huawei’s lo
TechnologyJuly 26, 2016
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Interpark falls prey to email scam
[THE INVESTOR] The servers of leading Korean e-commerce firm Interpark were hacked, compromising its customers’ personal information including email addresses, and phone numbers, according to news reports July 26.A group of hackers, who accessed the firm’s servers with overseas IPs, stole around 10.3 million pieces of personal data in May. A notice posted on the Interpark internet homepageThe hackers reportedly sent emails with malicious codes to Interpark employees and got access to the sensiti
TechnologyJuly 26, 2016