Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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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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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Exclusive] Democratic Party of Korea forms US election task force
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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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Naked N. Korean defector attempts robbery, gets arrested
A North Korean defector was arrested after he attempted to rob a house stark naked, a local media report said Tuesday. The man, 24, entered the house of a female resident at an apartment complex after dark. The man had a weapon with the intentions of carrying out a robbery, YTN said. (123RF)He was caught in the act by the police who came to the scene after receiving a distress call.He told the police that he had shed all of his clothes in the hopes of thwarting any police search based on his clo
Social AffairsJuly 12, 2016
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GFriend returns sweet and strong
GFriend has no intention of losing its innocent schoolgirl image anytime soon, the K-pop group’s members said Monday. They were holding a press showcase for the release of their first full-length album “LOL,” whose track “Navillera” topped major Korean music charts after its release at midnight on Sunday. “For now, we still want to be girls,” Sowon said when asked whether the group was ready to show off a more mature side. “It’s only been a year and a half since our debut ... we thought it would
PerformanceJuly 12, 2016
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Bond specialists expect no change in Korea's base rate
[THE INVESTOR] South Korean bond market experts expect the Bank of Korea to keep the benchmark rate unchanged this month, a survey showed on July 12. A survey conducted by the Korea Financial Investment Association showed that 91.2 percent of bond market specialists expect the 1.25 percent rate to be unchanged at the upcoming Monetary Policy Committee meeting.The committee is set to convene on July 14. BOK governor Lee Ju-yeolThe association said that the central bank is likely to keep the rate
July 12, 2016
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House of senior prosecutor raided over suspicious stock purchases
Prosecutors on Tuesday raided the house of a senior prosecutor who has come under public scrutiny for suspicious stock transactions.An ad hoc probe team investigating the case said it raided the house of Jin Kyung-joon, as well as the home and offices of Kim Jung-ju, founder of South Korea's leading online game maker Nexon Co., and the incumbent chairman of its holding firm NXC Corp.The case involving Jin came to light early this year as the senior prosecutor reported a whopping increase in his
Social AffairsJuly 12, 2016
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Korean Air, Asiana lose veteran pilots to Chinese rivals
[THE INVESTOR] Korea’s flag carriers Korean Air and Asiana Airlines are losing veteran pilots to their fast-growing Chinese rivals in recent times. According to the companies on July 12, Korean Air lost 46 pilots last year to Chinese airlines, compared to nine combined in 2013 and 2014. Its smaller rival Asiana said it also saw the number more than doubling from six in 2014 to 15 last year. Chinese air carriers are pouring resources to attract veteran pilots as they suffer from a lack of experie
IndustryJuly 12, 2016
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Sechs Kies to hold first concert in 16 years
Legendary idol group Sechs Kies will be holding its first concert in 16 years, according to management agency YG Entertainment on Monday. The group had split up in 2000, but some members recently got back together.Sechs Kies debuted in 1997 and returned to the spotlight earlier this year when it appeared on MBC’s show “Infinite Challenge” in April. Since that appearance, the group’s members have been participating in other variety programs, including KBS’ “Happy Together,” JTBC’s “Please Take C
PerformanceJuly 12, 2016
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New start-up center to support foreign businesses
A new start-up center funded by the Seoul Metropolitan Government will help expats grow their businesses by assisting them in developing globally.The Seoul Global Startup Center in Yongsan-gu is the first government-subsidized scheme to provide seed funding mainly for foreigners through an incubation program in Korea. Seoul GSC’s five-month incubation program will provide 10 million won ($8,656) in seed funding to successful applicants.Each team will also receive a 24-hour office space, visa ass
Expat LivingJuly 12, 2016
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Gwangju center to run tour to Gokseong
Gwangju International Center will run a tour to Gokseong, South Jeolla Province, which recently rose to prominence as the location of the horror film, “The Wailing.” The area is home to temples, shrines and monuments, with the first destination on the stop being Dorisma Temple, which was established by a famous Buddhist monk named Wonhyo Daesa. The name Dorimsa, meaning “Temple of the Forest of Ascetics,” was chosen because the temple was crowded with spiritual people, including Doseongguksa, Sa
Expat LivingJuly 12, 2016
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Nexon’s entertainment expenses threefold that of rival NCSOFT: Chaebul.com
[THE INVESTOR] Embattled game developer Nexon’s entertainment expense from 2004 to 2015 was more than triple that of its main rival NCSOFT, according to conglomerate tracker Chaebul.com on July 12. Between 2004 and 2015, financial documents from NXC -- the Jejudo Island-based holding company of Nexon Korea -- showed that the firm and its local subsidiaries spent 17.43 billion won (US$15.13 million) on entertainement expenses. The figure compares dramatically with industry competition NCSOFT, whi
IndustryJuly 12, 2016
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Concerns grow over brain drain to China
[THE INVESTOR] Concerns are growing over brain drain within technology-intensive industries such as display and semiconductor as talented workers are leaving the country for new opportunities, mostly for China. A significant portion of highly trained tech talents are finding jobs at Chinese runner-ups that are willing to spend big to attract them. According to industry sources, Chines chipmakers are offering almost tenfold increase in current salary. One of the most high-profile moves is Kim Woo
TechnologyJuly 12, 2016
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LG Display upbeat on growing demand for OLED
[THE INVESTOR] LG Display’s initiative to grow the organic light-emitting diode display market is gaining steam as more television manufacturers are joining the fray for the high-end TVs featuring self-illuminating OLED panels.Companies like Skyworths, Changhong, Konga, Hisense, Vestel, Panasonic, and LG Electronics are reportedly global TV companies that employ LGD’s OLED panels. More will jump on the bandwagon, according to the Seoul-headquartered display firm.LG Display’s OLED display“The com
TechnologyJuly 12, 2016
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Gamevil’s ‘Kingdom of War’ makes global debut
[THE INVESTOR] Korean mobile game publisher Gamevil announced on July 12 that its popular role-playing game “Kingdom of War” has made its global debut on the day. It is a strategy game based on a medieval fantasy world in which the mercenary characters of 52 species appear.Gamevil expects a positive market response as it has gained recognition after releasing a teaser trailer and pre-booking events. It said it has heavily invested on a robust development and global live service. By Yun Jeong-hye
TechnologyJuly 12, 2016
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Hyundai Heavy signs US$40m robot supply deal
[THE INVESTOR] Hyundai Heavy Industries announced on July 12 that it signed a US$ 40 million robot supply contract with the Chinese subsidiary of Taiwanese display producer Chunghwa Picture Tubes. Under the contract, Hyundai Heavy will supply about 300 robots designed for transporting LCD glass panels. Hyundai Heavy's LCD panel transporting robot. Hyundai HeavyThe robots will be deployed at CPTF Visual Display’s plant in Fuzhou, Fujian province in southeastern China, by the second half of next y
IndustryJuly 12, 2016