Most Popular
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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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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Exclusive] Democratic Party of Korea forms US election task force
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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US sends Marines to South Sudan capital to protect citizens
NAIROBI, Kenya (AP) -- The U.S. military in Africa said Wednesday it has sent 40 additional soldiers to South Sudan's capital, Juba, to help secure American personnel and facilities in the war-torn city, while South Sudanese trying to flee the country by road reported attacks, killings and robberies by armed men.Amid a tense cease-fire which has held since Monday night, the U.S. troops deployed at the request of the State Department, said Africom spokeswoman Cpt. Jennifer Dyrcz.In five days of f
InternationalJuly 13, 2016
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Seoul’s China dilemma deepens after South China Sea ruling
In the aftermath of the Hague tribunal’s ruling on the South China Sea, Seoul’s dilemma is poised to deepen as the U.S. will likely call for its ally to speak up on Beijing’s assertiveness in the region in pursuit of joint action, observers here said Wednesday. The watershed findings announced Tuesday dealt a major blow to China. The tribunal rebuked Beijing’s claim to “historic rights” over the bulk of the resources-rich waters as lacking legal basis and said some of its activities breached the
Foreign AffairsJuly 13, 2016
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Prosecution grills Nexon founder on suspicion of insider trading
Prosecutors on Wednesday grilled Kim Jung-ju, founder of the nation’s largest game firm Nexon, on suspicion that he gave insider information to a senior prosecutor who raked in hefty stock gains.“I am sorry for having caused trouble,” chairman Kim told reporters while entering the Seoul Central District Prosecutors’ Office for questioning. He then added, “I will sincerely respond to questions during the investigation and disclose everything in detail I know.”Nexon chairman Kim Jung-ju appears at
IndustryJuly 13, 2016
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[Graphic News] Korea-China FTA boosts cross-border investment
Cross-border investment between South Korea and China has risen sharply this year, fanned by the Korea-China free trade agreement, which took effect in December 2015, industry data showed Tuesday. According to the Kora International Trade Association, South Korean entities invested $2.2 billion in China during the first five months of the year. The figure is 12.2 percent higher than that recorded during the same period last year. At the rate recorded in the January-May period, South Korean inves
July 13, 2016
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Maestro Chung returns home for probe into his defamation charge
Maestro Chung Myung-whun returned home Wednesday to accede to a prosecution probe later this week into his defamation allegation filed by the former head of the Seoul Philharmonic Orchestra (SPO). "I don't think it's an investigation. Rather I think the time to disclose the truth has come," the former SPO music director told reporters upon arrival at Incheon International Airport, west of Seoul. Both Chung and his wife, just identified as her family Koo, were accused by former SPO CEO Park H
PerformanceJuly 13, 2016
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Teacher arrested in student molestation case
A 45-year-old male teacher, accused of molesting his student two years ago, has been handed over to the prosecution, according to Gyeonggi Province’s police on Wednesday. The Gyeonggi Namyangju Police said he had offered to drive a female pupil home in August 2014, taken her to a secluded road and touched her inappropriately. (123RF)He is being accused of repeating the offence over three times. The pupil had kept the incident to herself for two years before finally telling her parents recently.
Social AffairsJuly 13, 2016
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Kumho Tire creditors begin sale process
[THE INVESTOR] The creditors of Kumho Tire have begun the process of finding a buyer for the tire maker, local news reported on July 13.According to reports, Kumho Tire’s creditors held the first meeting on the issue on the day, and reviewed the feasibility study by Credit Suisse.Kumho Tire began a workout process in 2009, and is currently 42.01 percent held by the creditors. Among the creditors, Woori Bank holds the largest stake, followed by Korea Development Bank and KB Kookmin Bank. The thre
IndustryJuly 13, 2016
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Nexon founder summoned as suspect in insider trading scandal
[THE INVESTOR] Prosecutors on July 13 summoned Kim Jung-ju, founder of the nation’s largest game company Nexon, on suspicions that he gave insider information to a senior prosecutor to help him gain illegal stock gains.The prosecutors said they will question Kim on whether he had leaked information about the stock market debut of Nexon Japan to Jin Kyung-joon, a prosecutor who is also his college friend.Nexon founder Kim Jung-ju (third from left) / The Investor(Chung Hee-jo)Jin had bought 10,000
Latest NewsJuly 13, 2016
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Netmarble Games to release ‘Soul King’ worldwide
[THE INVESTOR] Netmarble Games, a South Korean game producer, said on July 13 that it will release “Soul King,” a comedic mobile role playing game, in 154 countries including Japan and North America.The game provides about 370 characters, and players take missions to defeat evil at each level to protect the Kingdom of Dune. The game was released in South Korea on June 15. Established in 2000, the firm was ranked eighth in global mobile game revenue last year, according to the company’s website.
TechnologyJuly 13, 2016
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Hanjin Shipping sells Vietnamese terminal to secure liquidity
[THE INVESTOR] Hanjin Shipping has sold its entire stake in Tan Cang Cai Mep International Terminal in Vietnam to its affiliate in order to secure liquidity, the ailing shipper announced July 13. The firm, which had a 21 percent stake in the terminal, sold the entire rights priced at 23 billion won (US$ 20 million) to Hanjin Transport, which runs the land transport service under Hanjin Group, during the board meeting on July 12. The move came after the government and creditors, led by state-run
IndustryJuly 13, 2016
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No plans of opening branch in Korea: AirAsia CEO
[THE INVESTOR] AirAsia does not intend to open an office in Korea, said Tony Fernandes, co-founder and CEO of the Malaysian low-cost carrier, highlighting his discontent with local aviation regulations.“AirAsia is not planning on a branch in Korea,” the chief executive said during his visit to the UK for an air show on July 12. He added that Seoul’s rigid regulatory framework gives Koreans a limited choice of carriers. However, Fernandes said that AirAsia would positively review plans for establ
IndustryJuly 13, 2016
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Jongno restaurant catches fire, 32 evacuate
A fire broke out at a restaurant in Jongno-gu, Central Seoul, at around 2:35 a.m. on Wednesday, forcing 32 people at the restaurant and an adjacent hotel to evacuate. Ten were foreign visitors to Korea. (123RF)The fire was extinguished a little over an hour later. There was no report of casualties.The fire department tentatively concluded that the fire started from an ignited gas stove. The affected area of Ikseon-dong, Jongno-gu has been featured on a number of Korean media outlets as being th
Social AffairsJuly 13, 2016