Most Popular
-
1
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
-
2
[KH Explains] Can smart chargers ease tensions over EV fires?
-
3
1 in 5 households to have breadwinner over 80 in 30 years
-
4
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
-
5
Assembly to review disputed appointment of national soccer team coach
-
6
New Fifty Fifty off to strong start
-
7
Arrival of fall calls for more outdoor festivals
-
8
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
-
9
Middle East’s big AI push lures Korean tech firms
-
10
Evicted guest burns down inn; 3 killed
-
Creditors may give Hanjin Shipping more time to restructure
[THE INVESTOR] Creditors, led by the state-run Korea Development Bank, plans on giving some breathing room to Hanjin Shipping to stay afloat, by extending the due date of its corporate rehabilitation program. KDB and other banks will convene a meeting sometime this week to extend the initial Aug. 4 deadline by a month for Hanjin Shipping, according to sources. The move will help the ailing shipper to gain more time to improve its financial status to avoid court receivership. Earlier in May, the
IndustryJuly 21, 2016
-
Samsung heir, mother donate 4 bln won to charity
Lee Jae-yong, the de facto heir of South Korea's top conglomerate Samsung Group, and his mother donated a combined 4 billion won (US$3.5 million) to a local charity group, justice ministry officials said Wednesday.Hong Ra-hee, wife of ailing Chairman Lee Kun-hee, and the younger Lee each donated 2 billion won to the Korea Juvenile Protection Association, according to the Ministry of Justice.The commitment to the association is the latest in a series of donations that the South Korean electronics
PeopleJuly 20, 2016
-
Russia says final decision on Olympic ban expected Sunday
MOSCOW -- Russia's top Olympic official says he expects a final decision by Sunday on whether the entire Russian team will be banned from next month's games in Rio. The International Olympic Committee is examining the legal options following a report by World Anti-Doping Agency investigator Richard McLaren that accused Russia's sports ministry of overseeing doping of the country's Olympic athletes. Russian Olympic Committee president Alexander Zhukov says "the issue will be finally resolved by t
Olympic GamesJuly 20, 2016
-
China's Wanda to sell contentious Madrid landmark: source
MADRID -- China's property and entertainment giant Wanda has agreed to sell a historic Madrid skyscraper, a source close to negotiations said Wednesday, after feuding with city authorities over plans to renovate the landmark.Wanda acquired the 25-story Edificio Espana, completed in the 1950s under the dictatorship of General Francisco Franco, in June 2014 for 265 million euros (now $292 million) and wanted to turn it into a hotel and shopping centre.The group had reportedly planned to knock down
World BusinessJuly 20, 2016
-
UK PM May to visit Germany for Brexit talks with Merkel
LONDON -- Prime Minister Theresa May is making her first overseas trip as Britain's leader on Wednesday to meet German Chancellor Angela Merkel, a key figure in negotiating Britain's exit from the European Union. A week ago May replaced David Cameron, who resigned in the wake of Britain's decision to leave the 28-nation bloc. May's office says the trip, which also includes a visit to French President Francois Hollande, will help forge "the personal relations that will pave the way for open and f
World NewsJuly 20, 2016
-
Movie star Gong Yoo opens up about his own fears
In the zombie apocalypse film “Train to Busan,” which opened in theaters Wednesday, actor Gong Yoo plays the role of a father who is too busy with his demanding job as a fund manager to spend quality time with his daughter. “I’m still single, so I had to use my imagination for that,” Gong told reporters at a group interview on Monday in a cafe in Seoul. Casually dressed and waering a baseball cap, the actor discussed his thoughts on parenthood, social media and his own horrors. Actor Gong Yoo
FilmJuly 20, 2016
-
Amid widening probe into founder, Nexon affiliate sees 31% plunge in stock price
[THE INVESTOR] Nexon GT, an affiliate of game developer Nexon, saw its stock price plunge to a record low in 16 weeks amid the snow-balling investigation into founder Kim Jung-ju’s alleged involvement in insider trading.The company’s stock price dropped 31.3 percent from 13,200 won (US$11.60) on April 7 to 10,050 won on July 20 -- the lowest since Feb. 15 when the share price plummeted to 9,920 won.Kim Jung-ju, Nexon founder and the chairman of the game firm’s holding firm NXC. The Investor Kim,
July 20, 2016
-
[Graphic News] Koreans spend $3,000 annually on insurance
South Koreans paid more than 3.4 million won ($3,000) in insurance premiums per policy for the year that ended in March, a market researcher said Wednesday.South Koreans’ insurance density stood at $3,034 in the financial year 2015-16, compared with $2,332 in 2010, referring to per capita premiums, according to Swiss Re, the world’s second-largest reinsurer based in Switzerland, in its sigma report. It said South Korea’s premium per person is the 18th-highest in the world, ranking five places hi
IndustryJuly 20, 2016
-
Kim Hyun-joong to receive first verdict in August
Singer-actor Kim Hyun-joong will receive the first verdict for the case involving his alleged assault on his ex-girlfriend early next month.Seoul Central District Court on Wednesday concluded hearing from both parties’ legal agents. The court will announce the verdict at 2 p.m. on Aug. 20. (Yonhap)Kim has been entangled in a number of civil and criminal suits with his ex-girlfriend. She claims that had Kim beaten her, resulting in the miscarriage of a child as she was supposedly pregnant at the
July 20, 2016
-
KARA's Park Gyu-ri seeks career change at new agency
K-pop singer Park Gyu-ri, a member of now-disbanded girl group KARA, reached a deal with a local talent agency as she moves to become a full-fledged actress, her new management said on Wednesday. The 28-year-old idol singer signed a contract with Motion Media Entertainment after the four-member K-pop band officially dissolved in January. The Seoul-based talent agency also manages actor Lee Jong-hyuk and child actress Seo Shin-ae. (Motion Media Entertainment)"We sealed an exclusive management con
EntertainmentJuly 20, 2016
-
[DECODED] The titan that began with Lee Byung-chull
The late Lee Byung-chull is the founder of the behemoth Samsung, the nation’s top conglomerate, but his legacy is much more than just Samsung. His eight children -- three sons and five daughters -- control several conglomerates that rule the Korean economy today, and they are collectively known as the “pan-Samsung” group.Last year, Forbes Asia ranked the Lee family at the top of its Asian business dynasties, with members of the extended family running “more than 55 business, with total sales of
IndustryJuly 20, 2016