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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[Photo News] Fintech partnership
Samsung Electronics, the world’s top smartphone maker, and KEB Hana Bank have formed a partnership to nurture their financial technology interests and develop joint business opportunities in the fast-converging world of IT and finance, the two sides said Sunday. Shown in the left photo is KEB Hana Bank CEO Ham Young-joo and in the right picture is Samsung Electronics president and mobile business chief Koh Dong-jin. (KEB-Hana Bank)
July 17, 2016
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[Monitor] Korea has one car for every 2.4 people
The number of registered cars in Korea has increased by nearly 500,000 in the past six months to exceed 21.4 million vehicles, according to the Ministry of Land, Infrastructure and Transport. This is equivalent to one car registered for every 2.4 Koreans.
IndustryJuly 17, 2016
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GFriend dominates Gaon Chart in first half of 2016
K-pop group GFriend (Source Music)Rookie group GFriend, one of the hottest trending K-pop acts these days, has performed well on the local music chart Gaon Chart in the first half of the year. GFriend’s single “Rough” ranked No. 1 on its National Digital Singles, Online Downloads and Online Streaming charts. The single was released in January as part of the group’s third EP “Snowflake.” Another single “Me gustas tu,” which was part of its second EP “Flowers,” hit the No. 15 spot on the Online
July 17, 2016
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NCT’s Taeyong sheds tears over past wrongdoings
NCT’s Taeyong (SM Entertainment)Taeyong, a member of SM Entertainment’s newest boy band NCT, broke down in tears in an episode of “NCT Life,” apologizing for indiscretions he made before his K-pop debut. It was recently revealed that Taeyong was prone to scamming buyers on a local auction website before his official debut as a member of NCT. The K-pop idol reportedly auctioned off items under various user IDs, duping customers by not shipping off purchased items or sending defective products.
July 17, 2016
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Foreign CEO may be hired for HMM revival
[News Focus] Come Aug. 5, Hyundai Merchant Marine will begin a new chapter in its 40-year history, breaking free from Hyundai Group and becoming a subsidiary of Korea Development Bank. The soon-to-be owner is bent on installing a new leadership at the shipping line and is open to hiring a foreign chief executive, according to sources at the state-run lender. “A CEO-recommendation committee is to launch soon, comprising representatives of various related parties,” said a KDB official.The recruit
IndustryJuly 17, 2016
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[Editorial] Minimum wage
The nation’s minimum wage per hour for next year has been set at 6,470 won ($5.70), a growth of 7.3 percent from the current 6,030 won. The new minimum wage translates to 1.35 million won per month for employees who work full time.Opposition lawmakers expressed their regret over the decision. The main opposition said the increase should have been at least a two-digit percentage. The runner-up opposition claimed the increase is far short of the level that can narrow the current income gap and tha
EditorialJuly 17, 2016
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[Editorial] Inflated shock
Samsung Electronics is drawing close attention in the capital market as its stock prices have risen 8.4 percent over the past three weeks since the impact of the Brexit referendum hit the KOSPI. It closed at 1.518 million won ($1,337) last Friday, compared with 1.4 million won on June 24.Its share price growth over the past two months was more noteworthy, gaining 21.6 percent from 1.248 million won on May 16.Samsun Electronics shares have reached their highest point in three years, and the issue
EditorialJuly 17, 2016
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Debate over increased minimum wage continues
A tripartite committee struck a deal over the weekend to raise next year’s minimum wage to 6,470 won ($5.70) per hour, but the decision failed to satisfy the key parties represented, with businesses and laborers each claiming the agreement was disappointing.On Saturday, the committee of representatives of labor unions, business groups and the government agreed to raise the minimum wage by 7.3 percent, a 0.8 percentage point lower than last year’s increase.Park Joon-sung, the chairman of the trip
PoliticsJuly 17, 2016
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Farmer to be charged for enslaving disabled man
Police said Sunday they plan to file charges against a farmer who is accused of enslaving a man with intellectual disabilities for 19 years at his farm. The farmer, identified as Kim, is suspected of holding the 47-year-old man identified as Goh at his farm in Ochang, North Chungcheong Province, forcing him to work without pay and abusing him.Kim, 68, was questioned by police last week as a witness. He is most likely to face charges of violating laws on welfare for those with disabilities and la
Social AffairsJuly 17, 2016
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National divide deepens over THAAD
The rift between pro- and anti-THAAD camps continued to deepen over the weekend with further political wrangling and public protests despite the government’s efforts to ease diplomatic and safety concerns. The government has been striving to pare down rumors about the Terminal High Altitude Area Defense system’s potential health hazards since last week’s announcement that it will be stationed in Seongju, North Gyeongsang Province. The Defense Ministry arranged a media tour on Thursday to a milit
PoliticsJuly 17, 2016
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Assembly’s speaker calls for shift in N.K. policy
The National Assembly’s Speaker Rep. Chung Sye-kyun on Sunday called for the government to shift its hawkish stance toward North Korea and pledged parliamentary support for jump-starting long-stalled six-party talks. In a speech marking the 68th anniversary of Constitution Day, the top lawmaker also urged the political parties to speed up efforts to amend the Constitution, expressing hopes that the lawmakers will finish the job within the first half of their four-year term. “The 1987 Constitutio
PoliticsJuly 17, 2016
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Senior prosecutor arrested on bribery charges
South Korea’s senior prosecutor was placed under arrest Sunday on charges of taking bribes from Nexon -- a leading online game maker here -- and spending the funds on stock investments. It is the first time that an incumbent top prosecutor has been placed behind bars since 1948 when South Korea’s prosecution system was established. Jin Kyung-joon, the 49-year-old prosecutor, is accused of taking 425 million won ($374,000) from the online game maker Nexon Co. in 2005. He eventually used the funds
Social AffairsJuly 17, 2016
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[Noah Smith] Japan’s chance to resist a turn to the right
After a landslide victory in Japan’s election on July 10, the Liberal Democratic Party now has a supermajority in both the upper and lower houses of the Diet. Essentially, there is no longer any effective political opposition in Japan. Prime Minister Shinzo Abe has more power than any leader in decades -- even more than his famous grandfather, Nobusuke Kishi, who served as prime minister in the 1950s. Most importantly, his twin supermajorities give him the ability to get constitutional reforms t
ViewpointsJuly 17, 2016