Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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[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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Cho Hyun-min promoted to vice president of Jin Air
Cho Hyun-min, the youngest daughter of Hanjin Group chairman Cho Yang-ho, has been promoted to vice president of Jin Air, the group’s low-cost carrier, the company said Friday.The 33-year-old Cho, who was the marketing director, will continue to oversee the company’s marketing operations as vice president. Cho Hyun-min (Jin Air)Cho is the younger sister of Cho Hyun-ah, 42, the former executive vice president of Korean Air who made international headlines for the “nut rage” incident. Her older b
IndustryJuly 8, 2016
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DSME doled out W500b in bonuses after accounting fraud
Daewoo Shipbuilding & Marine Engineering gave hefty cash bonuses to its employees after overstating the company’s operating profits in a multitrillion won accounting fraud, local reports said Friday. The reports, citing sources at the state prosecution investigating the debt-ridden shipbuilder, said that DSME, under the direction of then-CEO Koh Jae-ho, gave out a total of 490 billion won ($420 million) in performance-based bonuses from 2012 to 2015. The CEO himself pocketed around 700 million w
IndustryJuly 8, 2016
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FTC refuses to delay decision on CJ HelloVision merger
[THE INVESTOR] The Fair Trade Commission has refused CJ HelloVision’s request to delay its decision on the planned merger and acquisition deal with SK Broadband, an IPTV firm run by SK Telecom. FTC officials told Herald Business and The Investor that they would not be pushing back the schedule. Last week, the regulator handed down a preliminary decision to CJ and SK, saying that it opposes the merger, as it could hamper fair market competition by creating an excessively dominant player. CJ and S
IndustryJuly 8, 2016
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Hyundai Rotem, Alstom vie for W1tr Cairo metro project
[THE INVESTOR] Hyundai Rotem, a train-making unit of Hyundai Motor Group, said on July 8 that it has become the final bidders together with France’s Alstom for Cairo’s 1 trillion won (US$860 million) train project. If the company wins the bid finally, it will become its largest order secured this year. The winner has to supply a total of 510 electric locomotives to Cairo’s metro Line 3. Even though Alstom is a potent competitor, Hyundai Rotem is confident of winning the deal. Hyundai Rotem's tra
IndustryJuly 8, 2016
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Pororo producer Iconix Entertainment faces tax probe
[THE INVESTOR] Iconix Entertainment, the company that produces famed South Korean animation “Pororo the Little Penguin” is undergoing a tax investigation, according to the company on July 8.National Tax Service officials collected financial statements from the firm’s Gyeonggi headquarters in May. Choi Jong-il, head of Iconix, told local media that the investigation was a regular audit conducted on Korean companies every five years.Iconix was established in 2001. Since then it has launched a numb
IndustryJuly 8, 2016
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Seoul to consider possible Korea-UK FTA
[THE INVESTOR] South Korea will review opening free trade agreement negotiations with the UK, and to work with the European Union to minimize the impact of Brexit, should the decision be finalized. These and other measures for responding to the fallout from UK’s June 24 referendum were discussed at the meeting of economy-related ministers held on July 8. Pixabay.comAt the meeting, the attending ministers said that the impact of the UK leaving the EU will be analyzed and that the government will
July 8, 2016
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[URGENT]LG Electronics estimated to post W585b operating profit in Q2
[THE INVESTOR] LG Electronics said in its earnings guidance released on July 8 that it posted 584.6 billion won (US$503.9 million) in operating profit and 14 trillion won in revenue in the April-June period.By Kim Young-won (wone0102@heraldcrop.com)
TechnologyJuly 8, 2016
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Korean contest winner in Iran says TV dramas led her to learn language
It would be difficult to tell that she's not Korean if someone were to chat with her on a mobile messenger. Hanieh Sadat Kazami, 18, is Iranian, but she can text in Korean slang and abbreviations on mobile messengers just like any other Korean. While most Iranian women use Germany-based Telegram to chat over smartphones, Kazami even uses Kakao Talk, South Korea's most popular mobile messenger application. "I use Telegram for my Iranian friends and Kakao Talk for my Korean friends," Kazami said.
Social AffairsJuly 8, 2016
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Korea mulls separate FTA with Britain
South Korea is considering pushing for a fresh free trade agreement with Britain which chose to leave the European Union, or Brexit, as part of its efforts to deal with the fast-changing global trade environment, the finance ministry said Friday.In a minister-level meeting held in Seoul, the Ministry of Strategy and Finance said it will make various efforts to expand overall trade and minimize any possible Brexit spillover into the real economy, including signing a new FTA with Britain or upgrad
July 8, 2016
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Korea, EU join hands to promote emissions trading system
South Korea and the European Union on Friday joined hands to develop the former's greenhouse gas emissions trading system in a way to bolster their bilateral cooperation on climate change, the finance ministry here said.In a ceremony held in Seoul, the Seoul-Brussels joint emissions trading system cooperation project worth 3.5 million euros ($3.9 million) was launched with Vice Finance Minister Choi Sang-mok and Ambassador of the EU to Korea Gerhard Sabathil attending, according to the Ministry
IndustryJuly 8, 2016