Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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[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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THAAD casts shadow on exports recovery
[THE INVESTOR] South Korea’s decision to deploy the U.S. missile defense system here will likely have repercussions on the country’s trade with China, casting a shadow on its exports prospects, experts said on July 11. Many analysts were cautious to predict how this highly-political issue will play out on the trade front, but investor reactions on Seoul bourses were pretty obvious: key China-sensitive stocks fell, led by Hana Tour and cosmetics maker LG Household & Healthcare. Korea’s Finance Mi
July 11, 2016
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Cheil Worldwide teams up with Facebook to expand presence in mobile ad
[THE INVESTOR] Cheil Worldwide, the advertising unit of Samsung Group, has teamed up with Facebook to expand its presence in the soaring mobile advertisement market. Under the partnership announced on July 11, Cheil and Facebook will develop diverse ad platforms and products using Facebook and Instagram services. Facebook has also invited Cheil executives to participate in the Facebook Ambassador program organized by the social network giant’s Asia-Pacific branch to offer them opportunities for
IndustryJuly 11, 2016
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NH Investment & Securities to invest in Yeouido’s Parc One complex
[THE INVESTOR] NH Investment & Securities is set to invest 700 billion won (US$599.5 million) in Yeouido’s Parc One multiple complex, according to sources familiar with the issue on July 11. The firm recently reached an agreement with property developer Y22 Development Co. to buy a 56-story office building -- one of the four buildings to be built within the complex. A bird's eye view of Parc One multiple complexNH Investment & Securities will dip into its own coffers for 200 billion won of the a
IndustryJuly 11, 2016
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FM warns against possible retribution from China on THAAD decision
[THE INVESTOR] South Korean Finance Minister Yoo Il-ho called on the country to stay vigilant against possible economic retaliation from China on Seoul for reaching an agreement with Washington to deploy the Terminal High Altitude Area Defense anti-missile system in South Korea to step up defense against North Korea’s military provocations. “We believe Beijing will make a conscious decision to keep the economy and politics separated, but we are nevertheless establishing contingency plans,” Yoo t
July 11, 2016
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Parties split on THAAD deployment
The agreement between Washington and Seoul to deploy a U.S missile defense system in South Korea reignited political debate Monday over the efficacy of the Terminal High Altitude Area Defense system and whether the negotiation process lacked discussion with legislative bodies and the general public. The ruling Saenuri Party reiterated that THAAD was crucial to countering North Korea’s growing nuclear and missile threats. The opposition parties warned that the missile system could fail to fully p
PoliticsJuly 11, 2016
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N.K. sends 800 agents to areas bordering China to monitor its workers: source
North Korea has sent about 800 security agents to areas bordering China in a bid to beef up monitoring on the North's foreign workers and prevent them from fleeing their posts, a source familiar with the move said Monday.China's authorities have raised their guard against North Korea's move to dispatch hundreds of agents to Chinese cities, including Dandong and Yenji, where tens of thousands of North Koreans are working, according to the source.The North Korean agents, who belong to the Ministry
North KoreaJuly 11, 2016
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Hyundai Motor union leaders hold meeting amid looming strike
Hundreds of unionized workers at Hyundai Motor Co. held a meeting on Monday to decide whether to go on a strike, union officials said.No details of the meeting that drew about 500 senior union officials in Ulsan were immediately available. Ulsan is home to Hyundai's main assembly plants, located some 410 kilometers southeast of Seoul.The meeting came six days after the union of the largest South Korean carmaker suggested that the unionized workers could stage a strike, citing the collapse of neg
MobilityJuly 11, 2016
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Korean universities studying ways to make inroads abroad
South Korean universities, which are worried about their futures due to dropping birthrates, are studying ways to make inroads abroad, local school sources said Monday. Ewha Womans University in Seoul recently disclosed its plan to branch out into the United States and China. National universities not in Seoul, which are dealing with an ever-falling number of entrants, are also showing deep interest in setting up schools in foreign countries. According to the Education Ministry, the number of hi
Social AffairsJuly 11, 2016
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Loans extended by savings banks jump in Q1
Low-credit borrowers sought more loans at savings banks in the first quarter, pushing up the number of lendees at the secondary banks to a four-year on-quarter high, a savings banks' association said Monday.In the January-March period, the number of people who took loans from savings banks jumped 7.41 percent, or 112,886 borrowers, to 1.63 million from 1.52 million a quarter earlier, according to data from the Korea Federation of Savings Bank. It was the biggest on-quarter jump since the first q
July 11, 2016
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Nonghyup chief indicted over alleged illegal electioneering
Prosecutors indicted the president of South Korea's state-run farmers' cooperative on Monday over allegations he was elected through illegal campaigning.The Seoul Central District Prosecutors' Office said Kim Byeong-won is suspected of getting involved in irregularities committed during the January election where he was named the head of the National Agricultural Cooperative Federation (Nonghyup).During the latest election, three candidates, including Kim, ran for the presidency. Choi Deok-gyu,
Social AffairsJuly 11, 2016
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[Editorial] Leadership contest
The leadership race of the ruling Saenuri Party is heating up. On Sunday, two candidates threw their hats into the ring, boosting the number of candidates who have said they will run for the Aug. 9 election to five. The candidate list could still be extended before it is finalized around the end of this month.The leadership contest offers the party an opportunity to take significant strides toward reform based on an accurate and thorough analysis of its humiliating defeat in the April general el
EditorialJuly 11, 2016
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Korean stocks spike 1.3% on improved investor sentiment
South Korean shares sharply increased on Monday as better-than-expected job data from the United States improved investor sentiment here, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index added 25.43 points, or 1.3 percent, to finish at 1,988.54. Trading volume was moderate at 332 million shares worth 4.23 trillion won ($3.68 billion), with gainers beating losers 530 to 278.The world's largest economy announced the data on Friday that
July 11, 2016
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[Editorial] Smart farms
Farmers are strongly resisting a plan by LG Group to invest 380 billion won ($309 million) to develop smart farm technology. They view the investment as another attempt by a chaebol to engage in large-scale fruit cultivation, which would threaten the livelihoods of many small fruit growers.Yet the farmers’ resistance is short-sighted and goes against the government’s push to revolutionize Korea’s agriculture with smart farm technology.A smart farm refers to an automated, remotely controlled gree
EditorialJuly 11, 2016