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
Middle East’s big AI push lures Korean tech firms
-
6
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
-
7
Arrival of fall calls for more outdoor festivals
-
8
Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
-
9
New Fifty Fifty off to strong start
-
10
Assembly to review disputed appointment of national soccer team coach
-
HHI delivers world’s largest semi-submersible rig
[THE INVESTOR] Hyundai Heavy Industries has delivered the world’s largest semi-submersible drilling rig to a US contract driller last week as scheduled, the company said on July 18. In 2013, HHI won the US$630 million order from Texas-based Diamond Offshore Drilling to build the Ocean Greatwhite that measures 123 meters in length and 78 meters in width. The rig can operate in waters up to 3 kilometers deep and drill down to a depth of 10.67 kilometers from the sea surface. Ocean Greatwhite / HH
IndustryJuly 18, 2016
-
FNC Entertainment establishes JV in China
[THE INVESTOR] Korean entertainment agency FNC Entertainment has set up a joint venture with China’s Suning Universal, the entertainment unit of China-based real estate company Suning Group, it announced on July 18.The two sides said they hope the new entity will establish a strong foothold in the Chinese entertainment industry. CNBLUE, a K-pop acoustic band under FNC Entertainment / FNC Entertainment“Our aim is to lead China’s cultural content industry by utilizing FNC’s production skills and S
IndustryJuly 18, 2016
-
[Newsmaker] Nexon’s Kim: From classy to notorious
[THE INVESTOR] Kim Jung-ju seemed to have it all.The 48-year-old tech tycoon was born with a silver spoon, with a father who is a lawyer and a mother who majored in piano at the nation’s top university, Seoul National University -- coincidentally Kim’s alma mater too. Kim Jung-ju YonhapIn the ’80s, when personal computers were still a rarity, Kim had the luxury of owning one. While tinkering on it, he decided to become an engineer. At the same time, he was also an accomplished violinist, accor
IndustryJuly 18, 2016
-
Top prosecutor vows to build tougher compliance policies
Korea's top prosecutor said Monday he will roll out tougher compliance policies for state attorneys in order to overhaul personnel oversight after a senior prosecutor was arrested for taking bribes from a leading online game maker."The case has seriously tarnished the honor and pride of the organization," Prosecutor General Kim Soo-nam said during a meeting with high-ranking officials, adding he wishes to apologize to the general public for the scandal.On Sunday, Jin Kyung-joon, 49, a superinten
Social AffairsJuly 18, 2016
-
FTC disapproves SKT-CJ HelloVision merger
[THE INVESTOR] South Korea’s antitrust watchdog said Monday that it has decided to officially oppose the planned merger between SK Broadband, an IPTV unit of SK Telecom, andCJ HelloVision, the nation’s No. 1 cable TV operator, citing monopoly concerns in the media and telecom markets.After a meeting early in the day, the Fair Trade Commission announced its final decision, wrapping up a review session that lasted more than seven months.“The FTC has decided to object to the proposed M&A since the
TechnologyJuly 18, 2016
-
[Soyen Park] What does Brexit mean for East Asian regionalism?
The much awaited referendum is finally over, and Britain has decided to leave the European Union. In the months leading up to the referendum, the risks associated with a Brexit were repeatedly warned, while many foreign leaders, big businesses, and experts impassionedly urged Britain to stay in. As if those were not enough, a life was tragically taken away. Since the historic decision was reached, emergency meetings have convened around the world to discuss appropriate responses to Britain’s dec
ViewpointsJuly 18, 2016
-
[Albert R. Hunt] Mike Pence is the perfect non-Trump running mate
Donald Trump has selected the perfect non-Trump as his running mate. Mike Pence, the phlegmatic Republican governor of Indiana, has strong credentials with the social right and mediocre political instincts.Pence passes an important test: He might help govern and could take over in an emergency situation.He won’t help much politically; he was in a struggle for reelection in his home state. But no vice presidential candidate really has made a political difference since Lyndon Johnson more than hal
ViewpointsJuly 18, 2016
-
Samsung SDS denies merger with Samsung C&T
[THE INVESTOR] Samsung SDS, the IT solutions unit of Samsung Group, denied once again on Monday speculations that it will spin off its logistics business to merge it with Samsung C&T, the group’s construction and trading unit and de facto holding company. “We have not been considering selling or splitting our logistics business to be merged with Samsung C&T,” the company said in a regulatory filing. “We have no plan to do so in the future.” Samsung SDS’ headquarters in Jamsil, southern SeoulThe
TechnologyJuly 18, 2016
-
[Trudy Rubin] Female leader could lift U.N.
When it comes to Western political leaders, we have definitely arrived at The Time of the Woman. Hillary Clinton is the first serious female candidate for U.S. president, Theresa May just took over as British prime minister and Germany’s Angela Merkel remains the most powerful European politician. Moreover, the nationalist Marine Le Pen will most likely make the final round for French president in 2017.So why not a woman to succeed Ban Ki-moon for secretary-general of the United Nations when he
ViewpointsJuly 18, 2016
-
[Lee Hye-jin] Collaborating on aid for Palestine
When it comes to Palestine, one of the most likely images that comes to mind is a complex of violent territorial, political and religious disputes. The vicious cycle of those disputes has put Palestine into social and economic hardships. It, in turn, has made this country a significant recipient of international aid and donations to help it carry on. Konkuk University is part of this global community implementing international development cooperation projects in Palestine.As a higher educational
ViewpointsJuly 18, 2016
-
[Monitor] Minimum wage for 2017
South Korea‘s minimum wage has been set at 6,470 won ($5.70) per hour for next year, up 7 percent from this year. The new minimum wage translates to 51,760 won a day for those who work eight hours a day and some 1.35 million won a month for those who work 40 hours a week.
July 18, 2016
-
[Michael Schuman] China can choose its history
An old saying tells us that those who can’t learn from history are doomed to repeat it. In China these days, a more relevant adage might be: Those who choose to learn only certain lessons from history are doomed.That’s the upshot of China’s reaction to a ruling from a tribunal at The Hague rejecting its claims to much of the South China Sea. Government officials and state news media unleashed a blistering torrent of vitriol in response, deriding the whole proceeding as a “farce” and a “brutal vi
ViewpointsJuly 18, 2016
-
[Eli Lake] Learning to live with Islamic terrorism
After the horror in Nice, perhaps the most depressing comment came from France’s prime minister. Calling for unity in the face of terror, Manuel Valls observed, “Times have changed, and we should learn to live with terrorism. We have to show solidarity and collective calm.”If this sounds like resignation, it shouldn’t. Valls is no squish. After the Charlie Hebdo attack in January 2015, he told the Atlantic’s Jeffrey Goldberg that accusations of “Islamophobia” were too often used to silence legit
ViewpointsJuly 18, 2016
-
Doosan Heavy swings to black in Q2
Doosan Heavy Industries Co., Korea's top power equipment maker, said Monday that it swung to the black in the second quarter from a year earlier, aided by increased gains from equity ties with affiliates and tough restructuring moves aimed at reducing costs.Net profit reached 126 billion won ($111 million) in the April-June period on a consolidated basis, compared with a loss of 25 billion won a year earlier, the company said in a regulatory filing.Operating income surged 58 percent on-year to r
IndustryJuly 18, 2016
-
Supreme Court moves to raise upper limit of manufacturers’ compensation
The South Korean Supreme Court will discuss ways to increase the upper ceiling of compensation to victims in cases of lethal damages from goods, sources said Monday.Judges at the Supreme Court in charge of civil suits exchanged views last week about measures to order a company to pay up to 1 billion won ($880,000) to compensate victims in cases in which severe damage or injury was inflicted on a customer on purpose or by malicious will.When the victim is a child or has severe aftereffect symptom
Social AffairsJuly 18, 2016