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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Seoul seeks to improve foreign nanny program after two abscond
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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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Strikes loom over shipbuilders
[THE INVESTOR] South Korea’s top three shipbuilders’ troubles are set to deepen with their unions gearing up for strikes. Samsung Heavy Industries labor organization was on July joined by the union of Daewoo Shipbuilding and Marine Engineering on the stage for strikes. Samsung Heavy’s labor organization is set to stage a 4-hour strike on July 7 from 1 p.m. Daewoo Shipbuilding and Marine Engineering headquarters/ The InvestorAs for DSME, its union approved the plans to strike with 88.3 percent su
IndustryJuly 6, 2016
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Yoo Jae-suk to be recreated in wax, 1st for Korean TV show host
Korea's popular comedian and show host Yoo Jae-suk will be the latest celebrity of the country to have a wax sculpture made of himself, a PR firm said Wednesday.Grevin Seoul Museum will make a lifesize wax figure of Yoo to celebrate its first anniversary, according to PR company Hahm Shout. (Yonhap)The museum's selection committee, Grevin Academy, consisting of various experts in the culture and entertainment industries, chooses a celebrity based on a star's "public recognition, preference and c
EntertainmentJuly 6, 2016
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Koreans report record amount of inheritance, gift tax in 2015
[THE INVESTOR] South Koreans have declared a record amount of inheritance, gift tax last year, the National Tax Service said on July 5. According to the NTS’ report, Korean people filed a total of 2.189 trillion won (US$ 1.9 billion) in inheritance tax in 2015, a 32.5 percent increase from the previous year. A total of 5,452 people received inheritance, an increase of 13.8 percent on-year.The gift tax stood at 2.362 trillion won last year, up 25.8 percent from the previous year. A total of 98,04
July 6, 2016
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[Editorial] Privileged speech
The Article 45 of the Constitution says: No member of the National Assembly shall be held responsible outside the National Assembly for opinions officially expressed or votes cast in the Assembly.It is under this clause that legislators are granted protection against civil or criminal liability for statements they make in the National Assembly. The privilege includes legal immunity even from libel or slander. In a sense, legislators need such immunity because they should be given freedom and aut
EditorialJuly 6, 2016
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[Editorial] Far from creative
The government has proclaimed “Creative Korea” as the nation’s new slogan. This, like many of its predecessors, is another brainchild of the stupidity of the Korean bureaucracy. Officials said they collected ideas and suggestions from the public and experts to find words best represent the country. Three words came up in the shortlist: “creativity,” “passion” and “harmony.”But few would agree that the three words best portray the most unique and distinctive image of Korea and its people. Even fe
EditorialJuly 6, 2016
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Ex-N. Korean official handling party's finance returns to public eye
A North Korean military official once known as a key handler of the ruling party's finances, has returned to the public eye following a seven-month absence, reports coming out of the reclusive country showed Wednesday.The 59-year-old Han Kwang-sang has been seen making his first appearance since November as he accompanied North Korean leader Kim Jong-un on his visit to a terrapin farm in Pyongyang earlier this week.In July 2013, Han was promoted to the director of the finance and accounting depa
North KoreaJuly 6, 2016
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German software giant SAP opens office near Seoul
The world-renowned design center of German software giant SAP opened an office, called AppHaus, in Korea on Wednesday, in a demonstration of its commitment to a partnership with the nation's government in promoting innovation and digital startups.The AppHaus located on the Pangyo Startup Campus, situated just south of Seoul, is the third of its kind created by the SAP Design & Co-Innovation Center. It has similar space in Heidelberg and Silicon Valley.The Park Geun-hye administration has been ac
IndustryJuly 6, 2016
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Gold closes at record high over Brexit worries
[THE INVESTOR] Gold prices hit a record high on July 6 fueled by concerns over the impact UK leaving the European Union will have on financial markets. Gold closed at 50,910 won (US$ 43.8) per gram, up 2.33 percent from July 5. This is the highest on record since Korea Exchange opened the gold market in March 2014. By Choi He-suk (cheesuk@heraldcorp.com)
July 6, 2016
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Korean display-makers to lead OLED sector next decade: IHS
[THE INVESTOR] South Korean display-makers such as Samsung Display and LG Display will maintain their lead in the organic light-emitting diode sector for the next decade, according to a market research firm.“Samsung Display and LG Display will be leading the OLED market for up to 10 years,” said Ricky Park, director of IHS at the OLED Frontier Forum held in Seoul on July 5. “Unlike liquid-crystal displays, OLED requires years of investment and high production expertise, so Chinese displays compa
TechnologyJuly 6, 2016
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Number of wealthy Koreans surged in 2015
Koreans with financial assets worth more than 1 billion won ($860,000) jumped 15.9 percent last year from a year earlier helped by increased returns from their investments in equities and real estate, a private think-tank report said Wednesday.The number of such deep-pocket Koreans climbed to 211,000 in 2015 from 182,000 the previous year, according to KB Financial Group's research institute."In the first half of last year, ample liquidity was injected into the markets to help support growth. A
July 6, 2016
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Woori Bank, oldest top 500 firm in South Korea
With a history of 105 years, Woori Bank is the oldest among South Korea’s largest 500 companies by sales, according to CEO Score, a website devoted to monitoring local conglomerates.Among the 500, almost half were found to be more than 40 years old, while another 12 percent are over 60 years old. Combined, those aged 20 years or older accounted for 82 percent of the firms.Woori BankIn contrast, just 18 percent were “younger” companies aged 20 years or less. On average, the top 500 companies were
July 6, 2016