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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CJ Korea Express to invest W24.9b in express delivery center
[THE INVESTOR] CJ Korea Express signed an agreement on July 25 with Incheon International Airport to build an express delivery center in the airport’s logistics complex.It will invest 24.9 billion won (US$21.89 million) and build a 21,157m² center that will start operating in the latter half of 2017. It is “a preemptive measure to process the fast-increasing volume of express parcels, especially from and to China and Southeast Asia,” said Park Geun-tae, CEO of the logistics arm of South Korean c
IndustryJuly 25, 2016
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LG Chem to triple elastomer output by 2018
[THE INVESTOR] LG Chem announced on July 25 that it will build the country’s largest elastomer plant by 2018.According to the plans, the company will inject 400 billion won (US$351.79 million) into building an elastomer production facility at its plant in Seosan, South Chungcheong Province. The new facility will be capable of producing 200,000 metric tons of elastomers on an annual basis. Elastomers produced by LG ChemOnce the plant is complete, LG Chem’s elastomer production capacity will be pu
IndustryJuly 25, 2016
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Lotte Chemical CEO to be grilled over tax fraud
[THE INVESTOR] Lotte Chemical CEO Huh Soo-young is to be summoned for questioning in connection with the company’s alleged tax fraud, local media reported on July 24. According to reports citing unnamed sources, the prosecutors investigating the case plan to question Huh as a suspect. Lotte Chemical is suspected of using false information in the suit against the tax authorities, which resulted in the company receiving about 27 billion won (US$23.75 million) in tax refunds. The investigators have
IndustryJuly 25, 2016
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China, N. Korea likely to hold talks at ASEAN meetings
China and North Korea will likely hold bilateral talks in Vientiane on Monday, China's foreign ministry spokeswoman hinted. Asked if both will have talks on the sidelines of ASEAN meetings under way in the Laotian capital, Hua Chunying told Yonhap News Agency, "Probably."The spokeswoman added that things will be determined sooner or later, citing that China's Foreign Minister Wang Yi is taking part in ongoing meetings with ASEAN members. Attention has been paid to whether China and North Korea w
Foreign AffairsJuly 25, 2016
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Japan's top diplomat expresses pleasure at improved ties with Korea
Japanese Foreign Minister Fumio Kishida expressed pleasure at improved ties with South Korea since a landmark deal reached between Seoul and Tokyo late last year to resolve the sex slave issue.Kishida also said that communication has been smooth between the neighboring countries following North Korea's nuclear and missile tests earlier this year, saying that it indicates how much progress has been made.He made the remarks before starting bilateral talks with South Korean Foreign Minister Yun Byu
Foreign AffairsJuly 25, 2016
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Korea holds hearing on Volkswagen Korea's emissions scandal
South Korea's government held a hearing on German carmaker Volkswagen's emissions scandal Monday before finalizing a decision that can revoke the certifications of dozens of its vehicle models implicated in the scandal.The Ministry of Environment conducted the hearing at the National Institute of Environmental Research in Incheon, west of Seoul, which was attended by Johannes Thammer, the chief of the automaker's South Korean unit, and several other company officials. Earlier this month, the min
MobilityJuly 25, 2016
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Number of Korean centenarians surged to 3,159 in 2015: data
The number of South Koreans aged 100 and older soared to top 3,000 last year as the country is rapidly heading to an aged society, government data showed Monday.A total of 3,159 centenarians were living in the country as of November 2015, up from 1,835 tallied five years earlier, according to the census data compiled by Statistics Korea.(Yonhap)It noted 2,731, or 86.5 percent of the total, are female, far outnumbering 428 men.They cited that their secret to living a long life is healthy eating
Social AffairsJuly 25, 2016
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Korea's terms of trade improve in June
South Korea's terms of trade improved from a year earlier in June due to bigger declines in import prices compared to drops in export prices, central bank data showed Monday.The terms of trade index for products came to 100.86 last month, up 0.8 percent from a year earlier, according to preliminary data from the Bank of Korea.The index measures the amount of imports a country can purchase for each unit of its exports, showing how the country's exports are doing in comparison with those of others
July 25, 2016
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Seoul, Washington won't share THAAD radar info with Japan
South Korea and the United States will not share with Japan the information they obtain from the radar of an advanced anti-missile system that will be set up by late 2017, a government source said Monday.Their remarks come amid speculations that the Terminal High Altitude Area Defense system to be deployed in South Korea is part of a wider move to integrate the South into the broader missile defense system operated by the U.S. and Japan. "Under the trilateral information-sharing agreement with t
DefenseJuly 25, 2016
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Angry gamer crashes car into Nexon head office
[THE INVESTOR] A man in his 30s drove his car into the Korean head office of online game company Nexon in Pangyo, Gyeonggi Province, on July 24.A part of the glass wall on the first floor was smashed into pieces, but no injuries were reported. The man, whose nationality is reportedly Chinese, drove while intoxicated. He said in a police interrogation that he was infuriated at Nexon’s online games to which he was so addicted that he could not live an ordinary life.“The person who vandalized the o
TechnologyJuly 25, 2016