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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Middle East’s big AI push lures Korean tech firms
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Arrival of fall calls for more outdoor festivals
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[INTERVIEW] LINE eyes B2B, smart portals as post-IPO strategies
[THE INVESTOR] The much-publicized initial public offering of Line Corp. -- the world‘s seventh-most used messaging app -- has finally happened.Owned by South Korean Internet giant Naver and based in Japan, Line went public on the New York Stock Exchange and Tokyo Stock Exchange on July 14 and July 15, raising $1.3 billion in the biggest IPO of the year in the local tech sector.But the IPO marks only one of the steps Line has been taking to maximize profit and strengthen its identity as a global
TechnologyJuly 20, 2016
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Gov't pays compensation for Gaesong complex workers, firms
The government said Wednesday that it has paid 5.6 billion won ($4.91 million won) in initial compensation to Korean employees who are suffering from the shutdown of the Gaesong industrial park in North Korea.Ministry of Unification spokesman Jeong Joon-hee said in a news briefing that Seoul paid consolation money to 335 workers to support their basic livelihood.The official said that as of Tuesday, a total of 490 workers who were employed at the industrial park requested state financial assista
Social AffairsJuly 20, 2016
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Gov't condemns N. Korea's resumption of encrypted number broadcasting
South Korea's government on Wednesday condemned North Korea's resumption of encrypted number broadcasting, a method used in the past to send orders to its spies operating in the country. The Ministry of Unification expressed "deep regret" over the North's latest provocation. Pyongyang on Friday resumed the broadcasting after a 16-year-long hiatus following Seoul's decision a week earlier to deploy an advanced U.S. antimissile system in South Korea by the end of 2017. "We can't speak conclusively
North KoreaJuly 20, 2016
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Korean chefs present local cuisine for 2018 PyeongChang Olympics
Korean chefs on Wednesday showcased a variety of Korean dishes made with local ingredients from Gangwon Province, the venue for the 2018 PyeongChang Winter Olympics, with a subtle twist to capture the taste buds of athletes and visitors to the upcoming event. Three venues in Gangwon Province -- PyeongChang, Gangneung and Jeongseon -- each developed 10 dishes with local ingredients as part of efforts to globalize Korean cuisine during the international sports event.Gangwon Province is located so
SportsJuly 20, 2016
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Seoul will improve conditions for foreign financial instutions
[THE INVESTOR] Seoul will review the country’s financial industry environment for any shortcomings vis-a-vis global standards, Financial Services Commission Vice Chairman Jeong Eun-bo said on July 20.“(The financial authorities) will review whether there are elements in (South Korea’s) financial environment that fall short of global standards,” Jeong said at a meeting the chiefs of foreign financial institutions’ South Korean operations, saying that concerns are growing over their decision to re
July 20, 2016
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Hyundai Elevator launches in Turkey, gearing up for Europe
[THE INVESTOR] Hyundai Elevator has signed a joint venture agreement with Turkey’s STFA Group in Istanbul on July 19 local time to launch its local operations, it announced on July 20. The Korean company has taken over 51 percent stake in the Turkish group’s subsidiary HMF Asansor and will launch Hyundai Elevator Turkey, aiming to develop the country as “the second home market” and make inroads into Europe as well. Hyundai Elevator headqarter in Ichon“It will top the country’s market share and
IndustryJuly 20, 2016
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FTC plans to file suit, fine Volkswagen Korea
[THE INVESTOR] South Korea’s antitrust agency has decided to press criminal charges against the former and current executives of Volkswagen Korea for deceiving customers with false advertisements in the German automaker’s emission rigging scandal. It also plans to fine the automaker a maximum of 88 billion won (US$ 77.02 million). The Fair Trade Commission has sent the assessment report to VW Korea, stating it has decided to sue 10 executives, including Johannes Tamer, the CEO of Audi Volkswagen
MobilityJuly 20, 2016
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Korea sends mixed signals on FDI policy
A rising inflow of foreign direct investment is rare good news for the Korean economy that is struggling with declining exports, stagnant domestic demand and the task of overhauling inefficient, debt-ridden industries.New FDI pledged to the country hit a record high of $10.52 billion in the first half of this year, up 18.6 percent from $8.87 billion a year earlier, according to the Ministry of Trade, Industry and Energy.The ministry forecasts fresh FDI commitments to Korea will surpass $20 billi
July 20, 2016
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Park's aide refuses to step down over allegations of ties to corrupt businessmen
A senior presidential secretary on Wednesday brushed aside calls for him to step down, repeating his denial of the allegations that linked him to two businessmen at the center of high-profile corruption scandals.Woo Byung-woo, President Park Geun-hye's top secretary for civil affairs, emphasized that he has never met or had any personal ties to the businessmen, and that all the allegations against him were false. Graphic provided by Yonhap News TV, shows Woo Byung-woo, the top presidential secre
PoliticsJuly 20, 2016
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S. Korea faces challenge in reflecting its stance on N. Korea in ARF statement: source
South Korea is expected to face challenges in reflecting its stance on North Korea and its nuclear ambitions in a chairman's statement to be issued at the end of the upcoming regional security meeting, given the chair country's close ties to the communist country, a government source said Wednesday.Top diplomats from 27 Asia-Pacific countries and the European Union will meet in Vientiane, the capital of Laos, and hold a series of meetings led by the Association of Southeast Asian Nations over th
North KoreaJuly 20, 2016
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Bucheon fantastic film fest to thrill moviegoers
Fantasy, horror, cult and thriller. Whatever the genre, it's all there in the line-up of the Bucheon International Fantastic Film Festival if you're a big fan of genre flicks.A mecca of the country's comics and animation industry, the city of Bucheon, located just west of Seoul, is about to become an even more entertaining place when the 20th BIFAN opens Thursday for an 11-day run under the theme "love, fantasy and adventure." (Yonhap)A total of 302 films from 49 countries will make up Korea's l
FilmJuly 20, 2016
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The Beatles' Ringo Starr to stage first Korea concert in Nov.
Ringo Starr, the drummer of world-famous British rock band the Beatles, will hold his first-ever concert in Korea in November, a local concert planner said on Wednesday. The British songwriter's concert was ultimately set for Nov. 5 at 8 p.m. at Jamsil Stadium in southeastern Seoul, according to World Show Market, a local concert and event planner for international artists. This would be his first event in Korea in his 54-year music career. (Yonhap)"The concert will be a once-in-a-lifetime chanc
PerformanceJuly 20, 2016
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State academy chief refutes concerns of China's economic retaliation over THAAD
Korea's deployment of the anti-ballistic missile defense system is not likely to result in economic retaliation from China, the head of the state diplomacy academy said Wednesday.Earlier this month, South Korea and the United States officially announced their decision to deploy the Terminal High Altitude Area Defense battery in the southern county of Seongju by next year to deal with North Korea's evolving nuclear and missile threats.China opposes the deployment plan, which it believes will sig
DefenseJuly 20, 2016