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 Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Four out of 10 young job seekers vie for public service: data
Four out of 10 college graduates were preparing for the public service entrance examinations as more youngsters prefer stable jobs amid the prolonged economic slowdown, data showed Thursday. Among 652,000 job seekers aged between 15 and 29, 39.3 percent of them were preparing for the civil service entrance exam in May, adding 4.4 percentage points from a year ago, Statistics Korea said. Those who had taken temporary absence from school accounted for 44.6 percent as of May, the highest level sinc
Social AffairsJuly 21, 2016
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Park visits major hub for ICT startups
President Park Geun-hye visited South Korea's major hub for high-tech startups, south of Seoul, on Thursday, in her latest on-site campaign to promote the government's "creative economy" policies.Park visited the Creative Economy Valley in Pangyo, south of Seoul, which is home to more than 1,100 startups and venture firms, many of which specialize in information and communications technologies.It is her fifth on-site tour in a month. Since late last month, she has visited a school, a company, a
NationalJuly 21, 2016
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PyeongChang to open Olympic promotional center in Rio
The organizers of the 2018 PyeongChang Winter Olympics on Thursday said they will open a promotional center in Rio de Janeiro, the site of this year's Summer Games.The PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games said it will operate the "PyeongChang 2018 House in Rio" on Copacabana Beach during the Aug. 5-21 Rio Olympics. It will also be open during the Sept. 7-18 Summer Paralympics.The beach is one of the main tourist attractions in the Brazilian city.The P
SportsJuly 21, 2016
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Nexon, NCSOFT, Netmarble: Korea’s 1st-generation venture legends
[THE INVESTOR] The first generation of gaming venture CEOs -- the people behind Korea’s dot-com rage -- changed the local gaming landscape forever. Among them, the most famous threesome are Kim Jung-ju, the embattled founder of Nexon, NCSOFT Corp. CEO Kim Taek-jin and Bang Joon-hyuk, chairman of Netmarble Games. The biggest contribution they made to the local gaming industry is that they brought games into the limelight and helped change public perception. On a personal level, the three legendar
IndustryJuly 21, 2016
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LG Electronics, Display release sustainability reports
[THE INVESTOR] LG Group’s two key affiliates LG Electronics and LG Display released their sustainability reports on July 21.In the latest annual reports, the companies provide the details of their current business operations, on-going and future efforts to reduce greenhouse gasses, and corporate social responsibility activities.LG Electronics said in its press release that the number of executives and employees participating in CSR activities increased from 27,888 in 2005 to 93,659 in 2015 and r
TechnologyJuly 21, 2016
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Former KORAIL chief gets jail term over illegal political funds
A former chief of Korea's state-run rail operator was sentenced to jail Thursday for receiving illegal political funds from a businessman. The Seoul Central District Court sentenced Huh Joon-young to 10 months in prison, suspended for two years, for receiving a total of 80 million won ($70,000) from a man identified only by his surname Sohn, between April 2012 and September 2014. The court also ordered Huh to forfeit the money. The 63-year-old was indicted in April on charges of receiving 20 mil
IndustryJuly 21, 2016
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470 startups log revenue of 100 bln won or more last year
The number of Korean startups with annual revenues of 100 billion won ($87.9 million) or more surpassed 470 last year, data showed Thursday. A total of 474 startups saw their annual revenues exceed 100 billion won last year, up 14 from the previous year, according to the data jointly released by the Small and Medium Business Administration and the Korea Venture Business Association. Whisky brand Golden Blue, toymaker Sonokong and LIS, a maker of laser equipment for semiconductors and displays, w
July 21, 2016
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Seoul stocks down for 3rd day ahead of ECB meeting
Korean stocks edged down on Thursday, sliding for a third consecutive session as investors took to the sidelines ahead of the European Central Bank's policy meeting later in the day. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 1.43 points, or 0.07 percent, to close at 2,015.46. Trade volume was light at 388 million shares worth 3.84 trillion won ($3.38 billion), with losers outnumbering gainers 422 to 371. (Yonhap)Following last week's surge o
July 21, 2016
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Chung Mong-gyu elected to 2nd term as football chief
Korean business executive Chung Mong-gyu has been re-elected as the national football chief.The Korea Football Association said Thursday that Chung was elected to a second term as its president by a unanimous vote of the 98 members in attendance. Chung was the sole candidate in the election and needed a majority of 106 electoral votes to retain his seat. (Yonhap)Chung is the chief executive of the construction firm Hyundai Development Co. He served his first KFA term from January 2013 to June 2
SoccerJuly 21, 2016
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Korea to develop world’s first 3-D map for drones
[THE INVESTOR] The Korean government said on July 21 it will develop the world’s first 3-D map exclusively dedicated to flying drones. According to the Ministry of Land and Transportation, the programmed route will be helpful for it to control safety of drones and prevent accidents as they are expected to be widely adopted by diverse areas such as logistics, disaster relief and agriculture in the coming years. A 3-D mapping concept for dronesThe ministry said it will be coming up with a new 3-D
TechnologyJuly 21, 2016
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Finance minister says extra budget could create about 60,000 jobs
Korea's finance minister on Thursday said the planned supplementary budget could create about 60,000 jobs amid industrywide restructuring efforts.Finance Minister Yoo Il-ho also said the extra budget is meant to stabilize people's livelihoods and revitalize Asia's fourth-largest economy by focusing on job creation.He made the comments in a meeting with advisers on the country's fiscal policy.Korea's unemployment rate for young people, aged between 15 and 29, reached 10.3 percent in June, up from
July 21, 2016