Most Popular
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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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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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New Fifty Fifty off to strong start
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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Furniture imports hit all-time high in H1
[THE INVESTOR] The total value of furniture imports in the first half of this year recorded an all-time high breaking last year’s record, according to customs data on July 18. Furniture imported in the first half of 2016 was worth US$1.54 billion, according to Korea Customs Service, a 13.1 percent increase from the same period last year, which saw the highest figure in the 2000s, with US$2.85 billion for the whole year. (123rf)Growth in furniture imports had slowed down in the late 2000s due to
IndustryJuly 18, 2016
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N. Korea's largest steel mill not operating properly due to material shortage: report
North Korea's largest steel mill, the Kimchaek Iron and Steel Complex, is unable to operate properly due to fuel and material shortage, a U.S.-based media report said Monday, citing internal sources in the reclusive country.A source in the North Korean city of Chongjin told Radio Free Asia that the steel mill has only been operating seven days a month recently, apparently due to the shortage of raw materials such as coal coke and scrap metal.The source said that China appears to be holding back
North KoreaJuly 18, 2016
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[EQUITIES] Korea Investment & Securities sees improved Q2 earnings for Naver
[THE INVESTOR] Korea Investment & Securities on July said it expects Naver to show improved performance in the second quarter of this year.The brokerage said the nation’s top search engine would post a 58 percent increase in operating profit, at 264.1 billion won (US$231.74 million), while sales will climb 26.3 percent to 986.5 billion won.Korea Investment said the seasonal factors, along with the sale of LINE Corp.’s new ad, Timeline, is expected to help bolster Naver’s earnings.Line’s second-q
July 18, 2016
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[DECODED] Samsung goes back to basics
[THE INVESTOR] Many start-ups want to be like Samsung. Ironically enough, Samsung wants to be like a start-up. And for the past few years, the nation’s largest conglomerate has been working hard to go back to basics. Some liken it to a patient lying on an operating table: Some of its affiliates are being removed like dead tissue, while others are being stitched back together, at times after receiving several blood transfusions. The head surgeon is Samsung Group vice chairman and heir Lee Jae-yon
IndustryJuly 18, 2016
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Coldplay kicks off stadium tour with colorful show
EAST RUTHERFORD, New Jersey (AP) -- Coldplay kicked off its U.S. stadium tour with a colorful show that included fireworks, confetti and balloons, mixed with American pride, sympathy for France, moving words from Muhammad Ali and audio from President Barack Obama.The British foursome led by Chris Martin performed for feverish fans Saturday at the MetLife Stadium in East Rutherford, New Jersey. They started their two-hour show on a bright, high note -- jamming onstage as fireworks burst to the sk
PerformanceJuly 18, 2016
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Doosan Infracore Q2 net surges on asset sale, cost-saving measures
Doosan Infracore Co., Korea's top construction equipment maker, said Monday that its second-quarter earnings soared on the back of asset sales and reduced costs in the wake of tough restructuring.Net profit reached 224 billion won in the April-June period, compared with 9.5 billion won a year earlier, the company said in a regulatory filing.Operating income more than doubled to 174 billion won from a year earlier, while sales edged down 0.2 percent on-year to reach 1.62 trillion won.Doosan Infra
IndustryJuly 18, 2016
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Brazil graffiti artist paints massive Olympic mural
RIO DE JANEIRO (AFP) - Perched atop a cherry picker truck several stories high, Brazilian graffiti artist Eduardo Kobra sprays puffs of paint on a sprawling mural in the colors of the Olympic rings.With three weeks to go to the Summer Games in Rio de Janeiro, Kobra and his assistants are racing to put the finishing touches on the 3,000-square-meter painting that graces a wall in the city's newly overhauled port district.The mural depicts five indigenous faces representing the continents of the w
PerformanceJuly 18, 2016
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PyeongChang launches nat'l tour for Olympic mascots
The organizers of the 2018 PyeongChang Winter Olympics on Monday launched a nationwide tour for the event mascots in hopes they will help further drive up interest in the country's first Winter Games.The PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games kicked off the national promotion tour of its mascots Soohorang, a white tiger, and Bandabi, an Asiatic black bear, in a ceremony at Hoenggye Elementary School in the host city of PyeongChang some 180 kilometers ea
SportsJuly 18, 2016
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French thriller ‘Bastille Day’ may be pulled after attack
PARIS (AFP) - French film distributor Studiocanal has asked cinemas to pull the thriller “Bastille Day,” about a planned attack on the eve of France’s national holiday, after the real-life truck attack in Nice.The plotline of the film became even more chilling in attack-weary France after Tunisian Mohamed Lahouaiej-Bouhlel smashed a truck into a crowd enjoying Bastille Day fireworks on Thursday night, killing 84.“Bastille Day” was being shown in 237 cinemas.“We asked all cinemas to withdraw ‘Bas
FilmJuly 18, 2016
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More music on horizon for Newport jazz and folk fests group
Music lovers have flocked to Newport during Rhode Island summers since the 1950s to enjoy open-air performances by some of the music world’s biggest names. Miles Davis, Billie Holiday and Led Zeppelin thrilled audiences at the jazz fest, while Bob Dylan went electric at the folk festival. These days, the festivals are resurgent. The folk fest, which runs for three days starting Friday, sold out long before the announcement of the acts, which include Patti Smith, Alabama Shakes, Elvis Costello an
PerformanceJuly 18, 2016
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DSME to start work on $2.6b crude plant modules
Daewoo Shipbuilding & Marine Engineering said Monday it will kick off building oil plant modules that is worth $2.7 billion, the largest plant project in the company’s history. The shipbuilding firm said the shareholders of Tengizchevroil LLP -- Chevron Overseas Co., ExxonMobil Kazakhstan Ventures, LUKARCO B.V. and KazMunayGas NC -- had made the final investment decision on expanding the Tengiz oilfield in western Kazakhstan. The expansion project is worth $38.8 billion, the shipbuilder said. Yo
IndustryJuly 18, 2016
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Hyundai Motor chief says Genesis, eco-friendly cars key for survival
Hyundai Motor Group’s chairman Chung Mong-koo urged the carmaker’s global office heads to seek a breakthrough in the sluggish markets by strengthening the brand value of its luxury sedan and also by taking a lead in the green car segment.“The company should raise its brand profile in the global luxury car market through the successful launch of Genesis G80 and G90 in the U.S. market,” the chairman told the company’s 60 global office heads at its biannual meeting held on Monday. Hyundai Motor Gro
MobilityJuly 18, 2016
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[DECODED: SAMSUNG] Ownership structure
TechnologyJuly 18, 2016
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Korean consumer group denounces Visa Inc. for fee hike plan
A major financial consumer group in Seoul lashed out at Visa Inc. on Monday for its plan to raise the fees for overseas credit card purchases by South Koreans, warning that it may launch a nationwide campaign to boycott the global payment network.Visa announced that it would press ahead with the fee hike plan despite strong opposition from local card firms.The California-based company argued that it's inevitable to jack up the fee rate from 1.0 percent to 1.1 percent starting next year due to in
IndustryJuly 18, 2016