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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U.K. leader May in Northern Ireland to allay Brexit concerns
LONDON (AP) -- British Prime Minister Theresa May met Northern Ireland's leaders in Belfast Monday in a bid to allay Northern Irish concerns about Britain's vote to leave the European Union.May was holding talks with First Minister Arlene Foster and Deputy First Minister Martin McGuinness. The leaders of Northern Ireland's power-sharing administration were divided on the EU. Foster's pro-British Democratic Unionist Party backed the "leave'' side in the June 23 referendum, while McGuinness' Irish
WorldJuly 25, 2016
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[Graphic News] More Chinese tourists visit Japan than Korea in Q1
More Chinese tourists visited Japan than South Korea in the first quarter of this year, data showed Monday.According to Bloomberg and the China Outbound Tourism Research Institute, 735,000 backpackers from China visited Korea, a 9.6 percent increase from a year earlier. In contrast, Japan saw 913,000 Chinese tourists during that period, about double the same period last year. The Chinese travelled to Thailand the most. The boost in Japanese tourism comes from its eased tourist visa rules for the
IndustryJuly 25, 2016
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Electricity usage hits summer-time high amid heat wave
South Korea's electricity consumption hit a summer-time high on Monday, with fans and air conditioners running at full blast nationwide amid sweltering heat.The maximum electricity load shot up to 80.22 million kilowatts as of 3 p.m., as the temperature hovered above 30 C in most parts of the country, according to the state-run Korea Power Exchange.It marks the first time that the maximum electricity demand topped 80 million kilowatts here in the summer.The all-time high was set at 82.97 million
July 25, 2016
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Doosan step closer to W1tr Saudi contract
[THE INVESTOR] Doosan Heavy Industries and Construction is a step closer to taking part in the Fadhili power plant project in Saudi Arabia, local news outlets reported on July 25. According to reports, Saudi Arabia’s state-run oil company Saudi Aramco and Saudi Electricity Company signed on the consortium led by France’s Engie, which includes Doosan as the engineering, procurement and construction partner, for the project. Doosan, however, will need to sign a contract with Engie for the deal to
IndustryJuly 25, 2016
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[Photo News] Under pressure
Johannes Thammer, the head of AudiVolkswagen Korea, responds to questions from the Korean media after participating in the hearing over the emissions scandal at National Institute of Environmental Research in Incheon, Monday. Starting from Monday, the company said it would voluntarily suspend the sales of problematic vehicles which will face administrative measures from the Environment Ministry soon. (Yonhap)
IndustryJuly 25, 2016
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Chinese firms vie for ING Life Korea acquisition
Yet another Korean life insurance company may be taken over by China. The race to acquire ING Life Insurance’s Korean unit is shaping up to be an all-China affair, with the final round of bidding scheduled to open early next month, local reports said Monday. According to Yonhap News and other media outlets, three Chinese companies are currently in the running: Hong Kong-based investment manager JD Capital, Taiping Insurance Group and Fosun International.China Life and Anbang Life -- two acquisit
July 25, 2016
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Only homegrown cigarettes sold at highway service areas: sources
Only cigarettes produced by South Korea's sole tobacco maker KT&G Corp. are sold at highway service areas nationwide despite the antitrust watchdog's earlier order to correct such an unfair practice, industry sources said Monday.Last year, the Fair Trade Commission delivered a fine of 2.5 billion won ($2.19 million) to KT&G for forcing retailers not to sell cigarettes produced by foreign companies.KT&G offered cigarettes at lower prices to retailers at rest stops across the country to exclusivel
IndustryJuly 25, 2016
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Korean trade minister sees further drop in exports due to labor strike
South Korea's exports may continue to drop from a year earlier this month partly due to a series of labor strikes at major automakers, its trade minister said Monday.While meeting with reporters in Sejong, Trade Minister Joo Hyung-hwan noted the country's auto output may be reduced by up to 16,000 cars this month due to partial walkouts held at leading automakers Hyundai Motor Co. and Kia Motors Corp."In the first half of the year, automobile production dropped 5.4 percent from the same period l
July 25, 2016
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Small and Medium Business Corp. to issue US$300m bonds
[THE INVESTOR] Small and Medium Business Corp. (SBC) will issue US dollar-denominated bonds at the end of August, local news reported on July 25. Reports citing unnamed sources said that the SBC is planning a bond issuance to the scale of US$300 million. This will be the first time is issuing dollar-denominated bonds in 10 years. The SBC is reported to be planning to use the raised funds to cover the maturity of foreign currency-denominated bonds during the second half of the year. By Choi He-su
July 25, 2016
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[Foreigners Who Loved Korea] Tang Jiyao, promoter of the Korean-Chinese International Alliance
Tang Jiyao was born in Huize County, Yunan province on Aug. 14, 1883. After completing his studies in traditional learning at a private school, he was selected to study abroad in Japan on a government scholarship in 1904 where he embraced modern learning at Tokyo Shimbu Gakko, or School for Promoting the Science of War. In August the following year, he registered with Sun Yat-sen’s Tongmenghui (Chinese United League) founded in Tokyo, and organized an Infantry Corps and Military Studies Society
CultureJuly 25, 2016
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Next stop, your future spouse?
The Airport Express said on Sunday it will launch a monthly train service designed to provide romantic day trips to single men and women who want a relationship. Dubbed “Airport Express of Love,” this train will make a round trip from Seoul Station to Incheon’s Yongyudo beach with potential dates. Those wanting to come aboard can sign up at http://arex.couple.net and provide some personal details (name, age, education level, etc.) and a short bio. Selected participants will be asked to pay a fee
TravelJuly 25, 2016
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3 ministries, Oxy to face parliamentary on-site probe
The special parliamentary committee to probe the toxic humidifier disinfectant scandal kicked off a three-day on-site inspection on Monday, starting with the Environment Ministry, Labor Ministry and Health Ministry.Vice Environment Minister Lee Jung-sub attends the special parliamentary committee on humidifier disinfectant damages in Sejong City on Monday. (Yonhap)The committee will also meet Wednesday with officials of companies held accountable for the damages, including Reckitt Benckiser Kore
Social AffairsJuly 25, 2016