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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LINE sets IPO price at 3,300 yen
[THE INVESTOR] LINE Corp. has set the price for its initial public offering at the top of its marketing range to raise up to 132.8 billion yen (US$1.3 billion), the company said in a regulatory filing on July 11 in Tokyo. The immensely popular mobile messaging service, owned by Korean Internet giant Naver, will sell 35 million shares at 3,300 yen per share. Another 5.25 million shares also will be sold through a so-called greenshoe option allowing it to increase the amount of stock sold. The com
TechnologyJuly 11, 2016
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Elderly woman has leg amputated after bus door mishap
A 72-year-old women had her leg amputated after it was crushed under the wheels of a bus, Sunday, in a southeastern city of Daegu. The passenger was trying to retrieve her bag after it got caught between the automated doors when the bus departed. The women was immediately transported to hospital. This is a stock image. (123RF)The incident took place around 11:40 a.m. at a bus stop near Banyawol station, Dongho-dong, Dong-gu on Sunday. The police are questioning the bus driver for negligence. By
Social AffairsJuly 11, 2016
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Korea to ban sales, nullify certifications of Volkswagen vehicles
South Korea's government on Monday said it will ban sales and revoke certifications of dozens of Volkswagen models that are suspected to have passed the local authentication process with doctored reports. The Ministry of Environment said it has received an official request for cooperation from the Seoul Central District Prosecutors' Office with a list of over 70 models of the German carmaker that are suspected of obtaining approval from the local authorities with faked reports on noise level, fu
MobilityJuly 11, 2016
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Samsung reaches agreement with Shinsegae on mobile payment services
[THE INVESTOR] Although Samsung Electronics has touted its mobile payment solution Samsung Pay as a universal payment platform available both online and offline, it had a major setback as it was unavailable at the stores run by South Korea’s largest retail firm Shinsegae.Things will likely change soon as the two have reportedly reach an agreement.Samsung Electronics’ mobile payment solution Samsung Pay. Samsung Electronics“After lengthy negotiations, the two companies have been able to find midd
TechnologyJuly 11, 2016
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Renault Samsung's sales in H1 up 25.9%
Renault Samsung Motors Co., the local unit of French automaker Renault S.A., has boosted its sales in the first six months of this year by taking advantage of a consumption tax cut program.Renault Samsung said it sold a cumulative 46,916 units at home during the January-June period, up 25.9 percent from a year earlier.It marked the highest rate of sales growth among carmakers in South Korea.GM Korea Co., the local unit of U.S. carmaker General Motors Co., said its cumulative sales at home during
MobilityJuly 11, 2016
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More salaried workers adding income from outside of jobs
A growing number of salaried workers are making extra money from means other than their main jobs, subjecting them to higher state health insurance payments, statistics from health authorities showed Monday.According to the statistics, 39,143 workers were ordered to pay more insurance money in 2015 because of the income they gained from business operations, dividends, leases and other non-job sources, numbers provided by the Ministry of Health and Welfare and the National Health Insurance Servic
July 11, 2016
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Deutsche Boerse may lower LSE tender threshold
Deutsche Boerse said it may reduce the threshold for shareholder approval of its London Stock Exchange Group’s acquisition to accommodate index funds.A decision will be reached Monday after parties involved in the deal examine a technical issue, the company said Sunday a statement. Index funds can tender stock only after untendered shares are replaced -- a process that doesn’t take place until days after the minimum threshold is met. But the threshold may not be met until the final day of the of
World BusinessJuly 11, 2016
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BOK expected to hold policy rate steady in July: poll
South Korea's central bank is forecast to keep its key rate frozen in July, one month after sending it to a record low level to bolster growth in Asia's fourth-largest economy, a poll showed Monday.In a survey conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, all 12 economists polled predicted the Bank of Korea to assume a wait-and-see mode, partly to gauge the effect of its latest rate cut but also because of growing household debt."The central bank will likely wait to
July 11, 2016
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Stress level higher for rural dwellers: study
People living in rural parts of the country have a higher stress level than those in cities, and the level rises as the size of the neighborhood becomes smaller, study results indicated Monday.The rate of obesity and illnesses were also higher in rural regions, according to the study published in the latest academic journal by the Korea Institute for Health and Social Affairs.The results are based on an analysis of 196,995 people who were surveyed in 2010. Obesity was measured according to the b
Social AffairsJuly 11, 2016
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Parliament endorses revisions to income tax exemptions
The parliament agrees with the government that the current income tax exemptions need to be overhauled to create a stronger tax base, a report said Monday.The report by the National Assembly's committee on budget and accounts assessing the 2015 fiscal year noted how the proportion of non-taxpayers was increasing from broadened exemptions over the past years. According to the report, 48 percent of income earners did not pay taxes in 2015, about the same as the previous year.The non-tax paying pop
July 11, 2016
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Musk hints at top secret Tesla masterplan
Tesla Motors CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his “top secret Tesla masterplan” following an embattled several weeks for the Silicon Valley heavyweight.The tweet, which read “Working on Top Secret Tesla Masterplan, Part 2. Hoping to publish later this week” comes amid inquiries into two crashes of Tesla cars, as well as ongoing questions regarding Musk's plans to combine his electronic vehicle company, Tesla, with his solar panel maker company SolarCity.
World BusinessJuly 11, 2016
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Osborne visits U.S. to urge investors to ‘stick with’ Britain
Chancellor of the Exchequer George Osborne heads to Wall Street aiming to shore up investor confidence in the U.K.’s economy and financial markets roiled by the vote to quit the European Union.Leaving behind what’s set to be another week of political disarray at home, Osborne is embarking on a two-week shuttle tour of the U.S., China and Singapore in a bid to persuade financiers to stick with the U.K. as it prepares to end its union with the world’s largest trading bloc.“While Britain’s decision
World BusinessJuly 11, 2016