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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Ex-husband of Hotel Shilla chief claims property division worth 1 tln won
The ex-husband of Hotel Shilla's CEO and the eldest daughter of the Samsung group's chief has filed a suit, seeking over 1 trillion won ($857 million) in property division, legal sources said Wednesday.Im Woo-jae, an adviser at Samsung Electro-Mechanics Co., filed the case with the Seoul Family Court late last month. He has also filed the case with the Suwon District Court where the appeals trial on his divorce suit is pending.In January, the Seongnam branch of the Suwon court accepted the divor
Social AffairsJuly 6, 2016
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Injured golfer Park In-bee to announce Olympic status next week
Injured Korean golfer Park In-bee will announce her status for the Rio de Janeiro Summer Olympics when the field is finalized next week, her agency said Wednesday.Galaxia SM said the world No. 3, who has been battling a left thumb injury, resumed training last week. Park isn't playing at this week's U.S. Women's Open, the third major of the LPGA Tour season.Park's availability for the Aug. 5-21 Olympics has been in limbo, but the Seoul-based agency said Park is still very much determined to repr
GolfJuly 6, 2016
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China's top portal Baidu to offer information on Korean tourism
Baidu, China's No. 1 search engine, will offer tourism information on Korea in Chinese, as part of Seoul's efforts to attract more travelers from the region's largest tourism market, the state-run tourism agency here said Wednesday.The Korea Tourism Organization signed an agreement with The Map Korea, the Korean search agent for Baidu, to offer about 47,000 items of Korean tourism information in Chinese."We will continue to expand tourism information in foreign languages to deal with a rising nu
Social AffairsJuly 6, 2016
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Park appoints retired general as head of presidential advisory panel's secretariat
President Park Geun-hye on Wednesday appointed Kwon Tae-o, a retired Army lieutenant general, to lead the secretariat of the presidential advisory panel on unification, her office Cheong Wa Dae said.Kwon will replace Bae Jung-ho, who has led the secretariat of the National Unification Advisory Council since January. Bae has recently offered to resign for unspecified reasons, the presidential office said."Given that he has ample experience and knowledge on the issues of security and unification,
PoliticsJuly 6, 2016
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Bioleaders to float shares on KOSDAQ on July 7
[THE INVESTOR] South Korean biopharmaceutical firm Bioleaders has passed the final review for transferring its stocks to the country’s tech-heavy KOSDAQ from KONEX, the bourse operator Korea Exchange said on July 5. BioleadersBioleaders will be listed on KOSDAQ on July 7 with the indicative share price set at 15,000 won (US$12.87). Established in 1999, the firm has a range of core technologies to develop next-generation immunity treatments. In 2015, Bioleaders logged 1.47 billion won in sales an
July 6, 2016
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‘Samsung seeks to take on LG in larger OLED’
[THE INVESTOR] Samsung Display has long gauged the marketability of large-size organic light-emitting diode displays due to their low production yields and high prices. The display-making unit of Samsung Electronics, however, is said to be speeding up preparations to jump into the sector in earnest, testing a series of technologies to improve production capability. Kateeva’s OLED inkjet printer / The Investor“Kateeva will supply the prototypes of its inkjet printers to its global customers in Ko
TechnologyJuly 6, 2016
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China’s TCL chairman visits Samsung headquarters
[THE INVESTOR] Chinese tech giant TCL’s chairman Li Dongsheng visited Samsung Group’s headquarters in Seocho-dong, southern Seoul, on July 6, possibly to seek partnership on liquid-crystal display business. Li was also accompanied with top executives of China Start Optoelectronics Technology, TCL’s display-making unit and China’s second-largest display maker. TCL chairman Li DongshengSamsung Electronics’ top executives, including CEO and display business chief Kwon Oh-hyun and the company’s TV b
TechnologyJuly 6, 2016
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Korean shares plunge 1.85 pct on renewed Brexit woes
Korean shares sank 1.85 percent Wednesday, as fears sparked by Britain's decision to leave the European Union apparently resurfaced, while foreigners tried to partly cash in recent gains. The local currency continued to lose ground against the U.S. dollar for a third consecutive session.The benchmark Korea Composite Stock Price Index lost 36.73 points to 1,953.12. Trading volume was moderate at 451.69 million shares, worth 4.68 trillion won ($4.01 billion). Losers outnumbered gainers 646 to 165.
July 6, 2016
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Samsung Display to separate LCD, OLED business divisions: report
[THE INVESTOR] Samsung Display, an affiliate of Samsung Electronics, is expected to separate its liquid-crystal display and organic light-emitting diode business divisions in a planned reshuffle next week, the Electronic Times reported on July 5. This is the first reshuffle since Samsung Electronics vice chairman and CEO Kwon Oh-hyun took the helm of the display business division in April, hinting at the company’s strategic shift toward more lucrative OLED. Samsung’s flexible OLED displayThe com
TechnologyJuly 6, 2016
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Netmarble bids to acquire Israel-based game firm Playtika
South Korea’s leading mobile game company Netmarble Games has entered the race to acquire Israel-based social casino game developer Playtika in a deal valued at up to $4 billion, multiple sources in the local investment banking industry said Tuesday. If successful, the deal would mark the largest acquisition by a Korean game company to date and significantly boost Netmarble’s market value ahead of its initial public offering scheduled for next year.According to local news reports, Netmarble has
TechnologyJuly 6, 2016
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Korea card firms mull legal action against Visa on fee hikes
A group of Korean credit card companies said Wednesday they will consider taking legal action against Visa Inc. following the global payment network company's recent decision to raise the card fees it receives from Korean card issuers starting next year.In May, Visa notified Korean card firms that it will collect a higher rate of card fees for Koreans' overseas credit card purchases using its networks from Korean card companies starting in October. The Korean firms balked at the hike plan becaus
IndustryJuly 6, 2016
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Philip Onho Lee captures daily grind of immigrant life in U.S.
“Olympic Boulevard” Philip Onho Lee (Translated by John Cha)Seoul Selection (12,000 won, $10)Philip Onho Lee’s “Olympic Boulevard,” published last month, details the daily joys and sorrows of immigrant life in the U.S. in the ’80s and ’90s.It features a series of vignettes about the life of a first-generation immigrant navigating through the ups and downs of adjusting to a new life in a new country.The story is told from the perspective of Myung Tay, who opens up a dry cleaning store in Los Ange
BooksJuly 6, 2016
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New deputy USFK chief to take command this week
A new deputy chief of United States Forces Korea will take command in a change of command ceremony this week, the U.S. military said Wednesday. Air Force Maj. Gen. Thomas Bergeson will replace Lt. Gen.Terrence O'Shaughnessy as the deputy commander of the United Nations Command and the USFK in the ceremony to be held at a U.S. air base in Osan, south of Seoul, the USFK's Seventh Air Force said in a statement.With the new position, Bergeson will also serve as the chief commander of the Seventh Air
Diplomatic CircuitJuly 6, 2016
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Nothing disappointing about ‘The Loney’
“The Loney” By Andrew Michael HurleyHoughton Mifflin Harcourt (294 pages, $25)A menacing presence inhabits the Loney, the locals’ name for Britain’s north Lancashire coastline.A small group of Catholic faithful have traveled to the rain-battered seacoast from London on an Easter pilgrimage to visit a fabled shrine in hopes of a miracle cure for one of the travelers. The young man is simple-minded and cannot speak, but he has a pure heart and a deep love for his younger brother, our narrator.As E
BooksJuly 6, 2016