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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Korean Air heiress promoted to executive vice president
[THE INVESTOR] Cho Hyun-min, youngest daughter of Hanjin Group chairman Cho Yang-ho was promoted to executive vice president at Jin Air, the group’s flagship Korean Air’s budget airline. Cho will remain as Jin Air’s marketing chief even after the promotion. Cho Hyun-minOn July 8, Jin Air announced a modest reshuffle, elevating the status of its maintenance team to a division with aims to put more focus on aviation safety. In April, the chairman’s only son Cho Won-tae was named as new president o
CompaniesJuly 8, 2016
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Green Cross Labcell files patents for anti-cancer cells
[THE INVESTOR] Korean pharma firm Green Cross Labcell has applied for international patent protection for its natural killer cells that treat cancer patients, the company said on July 8.The Green Cross affiliate had extracted cord blood from healthy donors to generate natural killer cells, a type of white blood cells in the immune system that attacks infections and potentially cancer-causing cell. Institute of Cell Therapy at the Green Cross LabcellThe cord blood-derived natural killer cells, wh
IndustryJuly 8, 2016
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Cruise ships, a conundrum for S. Korean shipyards
[THE INVESTOR] China’s shipbuilding industry is expanding into cruise ships, while South Korean shipyards are held back by lack of experience. Only July 7, China Daily reported that China State Shipbuilding (CSSR) and Italian shipbuilder Fincantieri Cantieri Navali Italiana will establish a joint venture in Hong Kong. The JV will spend 25 billion yuan (US$3.74 billion) building five luxury cruise liners.The work will be carried out by Shanghai Waigaoqiao Shipbuilding, which has established a spe
IndustryJuly 8, 2016
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[EYE] Corning chief breaks female leader stereotype
Women in Korea have come a long way. Their social and political standings have greatly improved in this traditionally male-dominated society, as can be seen by the female head of the nation. In the corporate world, however, little has changed. Women in boardrooms or the C-suite are still a rare sight. Lee Haeng-hee is among those rare ones. Corning Korea president Lee Haeng-hee (Corning Korea)The president of Corning Korea, the local unit of U.S. materials firm Corning, is the epitome of how a w
IndustryJuly 8, 2016
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Former chief of Volkswagen Korea summoned again over emissions scandal
A former managing director of the local branch of Volkswagen was summoned by prosecutors for a second time Friday over the German carmaker's alleged irregularities that came to light following last year's emissions scandal.Park Dong-hoon appeared before the Seoul Central District Prosecutors' Office for questioning over his alleged involvement in the company's cheating on emissions tests by using so-called defeat device software.He declined to comment on any of the questions asked by reporters b
IndustryJuly 8, 2016
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Incheon airport struggles to become air hub
[THE INVESTOR] Incheon International Airport, South Korea’s main international gateway, is facing an uphill battle to become Asia’s top air hub as its share of transit passengers continued to dip for three consecutive years. According to Incheon International Airport Corp., the number of transit passengers during the first half of the year stood at 3.58 million, which is a 4.1 percent drop from 3.74 million tallied during the same period last year.The statistics show that the number of stopover
IndustryJuly 8, 2016
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S. Korean auto parts makers must reduce dependence on local group: report
[THE INVESTOR] South Korean auto parts makers need to reduce their dependence on local carmakers in order to advance on the international stage, an industry report said on July 8.“Korean auto parts makers have a high dependence on local automotive groups, therefore (they) need to make an effort to grow in the global market,” Korea Automobile Manufacturers Association said in its latest report. South Korean auto parts maker Hyundai Mobis“In order to become global parts makers, (Korean companies)
MobilityJuly 8, 2016
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Pentagon: THAAD won't be directed toward any third nations
The U.S. Defense Department said Thursday that the THAAD missile defense system to be deployed to South Korea won't be directed towards any third party nations, other than defending against nuclear and missile threats from North Korea.South Korea and the U.S. announced earlier that they have officially decided to deploy a Terminal High Altitude Area Defense battery in South Korea to cope with ever-growing nuclear and missile threats from the communist nation. "When the THAAD system is deployed t
DefenseJuly 8, 2016
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China denounces Seoul, Washington's decision to deploy THAAD
China's foreign ministry said Friday it strongly opposes the decision by South Korea and the United States to deploy an advanced anti-ballistic missile system on South Korean soil.China expressed "strong discontent and firm opposition" against the two countries' agreement to deploy the Terminal High Altitude Area Defense system."The THAAD system does not help achieve the denuclearization of the Korean Peninsula and also hurts peace and stability in the region," China's foreign ministry said in a
DefenseJuly 8, 2016
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Korean boy group Big Bang earned more than Maroon 5 in 2015: report
[THE INVESTOR] South Korean boy group Big Bang made more money last year than the American popular rock band Maroon 5, according to a US media report. Forbes magazine on July 6 (local time) reported that Big Bang’s pretax earnings stood at US$ 44 million in 2015, more than the US$ 33.5 million racked up by Maroon 5, the American group that was selected as one of the highest-paid musicians in 2015 by Billboard. Big Bang members (from left): Seungri, G-Dragon, Taeyang, T.O.P and Daesung. / YG Ente
IndustryJuly 8, 2016
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S. Korean economy burdened by slow employment, external factors
[THE INVESTOR] South Korean economy continues to be plagued by a sluggish labor market despite improving domestic spending, the Ministry of Strategy and Finance said in a report on July 8.According to the report, consumer spending is on the rise, but the rate at which employment is rising has dropped and industrial output has yet to recover fully. Job fair sponsored by a South Korean companayThe ministry also said that UK’s departure from the European Union and other domestic and international
July 8, 2016