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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NASA's Juno spacecraft orbits Jupiter, ’king of solar system‘
NASA celebrated a key triumph on Tuesday as its $1.1 billion Juno spacecraft successfully slipped into orbit around Jupiter on a mission to probe the origin of the solar system.NASA‘s Jet Propulsion Laboratory in Pasadena, California erupted in cheers as the solar observatory entered its aimed-for orbit around the biggest planet in our cosmic neighborhood at 11:53 p.m. “We are there. We are in orbit. We conquered Jupiter,” said Scott Bolton, NASA’s principal investigator from the Southwest Resea
TechnologyJuly 6, 2016
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Dodgers' Ryu Hyun-jin expects butterflies in season debut
Two days before making his season debut, Los Angeles Dodgers' Korean pitcher Ryu Hyun-jin said Tuesday he will likely be as nervous as he had been before his first major league start.The left-hander, who underwent surgery to repair a torn labrum in his pitching shoulder in May last year, is scheduled to start against the San Diego Padres at home on Thursday. (Yonhap)It will be Ryu's first major league appearance since Game 3 of the National League Division Series against the St. Louis Cardinals
BaseballJuly 6, 2016
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Foreign workers to bear more medical costs
Foreign workers will have to pay for 20 percent of their hospital treatment fees starting next year due to a change in regulations, health ministry officials said Wednesday.Foreign workers are currently given free medical care at public hospitals on bills up to 10 million won ($8,628) to treat illnesses they are diagnosed with while in Korea. The government pays for 80 percent of the amount in excess of 10 million won, and the workers 20 percent.The support system was introduced in 2005 to help
Social AffairsJuly 6, 2016
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Hanjin Shipping in talks to postpone debt repayment
Financially troubled Hanjin Shipping Co. is in talks with a group of local and financial companies to delay the repayment of debts in a bid to stay afloat amid a protracted slump, industry sources said Wednesday.According to the sources, the country's No. 1 shipping line is seeking to postpone the repayment of 2.5 trillion won ($2.17 billion) debt borrowed to buy container ships and other vessels by up to three years, which market analysts say would help the shipper save billions of won.Hanjin S
IndustryJuly 6, 2016
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Korea to ease regulations to kick-start Internet-only banks
Korea will ease regulations and revise rules to help the country's first internet-only banks make a soft landing and grow down the road, its financial regulator said Wednesday.Among the necessary steps to propel the growth of Kbank and Kakaobank, the Financial Services Commission picked an immediate revision to the existing banking laws to allow information-technology companies, as the largest shareholders, to participate in the web-only banks' management decisions as the most urgent measure to
TechnologyJuly 6, 2016
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Rangers' Choo Shin-soo hits 4th leadoff homer of season
Choo Shin-soo of the Texas Rangers isn't wasting much time these days putting his club on the board.The Korean outfielder belted a leadoff home run against the Boston Red Sox at Fenway Park in Boston, Tuesday (local time). It was Choo's fourth home run to start a game this season, and 20th of his career.Choo jumped on the first pitch fastball by Boston starter David Price and sent it over the center field wall for his seventh home run of 2016. It was Choo's second leadoff homer off the left-hand
BaseballJuly 6, 2016
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Kimchi originator country Korea hit by falling consumption, imports
Korea's kimchi consumption is falling, despite the country being the originator of the pickled side dish, and even those being served on dining tables are often imports from China, research results showed Wednesday.According to an industry analysis by the World Institute of Kimchi in Seoul, Koreans on average consumed 25.3 kilograms of the dish at home in 2015. This roughly translates to daily consumption of 62.9 grams per person, an 11 percent fall from the estimate by the health ministry in 20
Social AffairsJuly 6, 2016
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Celltrion chairman pushes to build theme park in Incheon
[THE INVESTOR] South Korean pharmaceutical firm Celltrion ’s chairman Suh Jeong-jin has kicked off plans to build a large-scale theme park in Incheon’s Yeongjong-do, according to an exclusive news report here. The park would be a personal project, with a handful of investors taking part, according to Incheon Free Economic Zone authorities and the Incheon Development & Tourism Corp. “A group of investors including Suh has already invested around 1 billion won (US$86,930) to initiate the plan. The
CompaniesJuly 6, 2016
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Global oil price to remain range-bound: report
Global oil prices will likely move in a tight range throughout the year with U.S. shale production keeping a low ceiling, a central bank report said Wednesday.Low oil prices have been partly to blame for a prolonged slump in Korea's exports as petroleum and petrochemical products account for nearly one-fourth of the country's overall outbound shipments. Korea's exports have fallen every single month since the start of last year.Global oil prices have somewhat recovered since hitting what many be
July 6, 2016
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Hyundai, Kia post robust H1 sales in Mexico
Sales of vehicles made by Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have nearly quadrupled in Mexico in the first half of 2016 compared with a year ago, industry data showed Wednesday.The two Korean carmakers sold a combined 40,264 units in Mexico in the first six months of the year, compared with 11,004 from a year earlier, data compiled by the Mexican Automotive Industry Association showed.Kia Motors has shown a strong performance since entering the Mexican market in July 2
IndustryJuly 6, 2016
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FIFA reduces Chung Mong-joon's ban
FIFA has reduced its ban on ex-Vice President Chung Mong-joon from six to five years.The world's football governing body announced the decision in Zurich, Switzerland, on Tuesday (local time) following a meeting of its appeals committee.Last year, Chung, who was a FIFA vice president from 1994 to 2011, was found guilty of infringing FIFA's code of conduct during South Korea's bidding process for hosting the 2022 World Cup, which was eventually awarded to Qatar in 2010. The ban imposed by the adj
SportsJuly 6, 2016
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Samsung to maintain Europe HQ in UK
[THE INVESTOR] Samsung Electronics has decided to maintain its Europe headquarters in the UK after considering relocation to other European Union countries such as the Netherlands and Germany in the wake of Brexit.Citing an unnamed Samsung executive, Maeil Business News reported on July 6 that the Korean tech giant has no plan to relocate its Europe headquarters. A Samsung Galaxy S7 experience zone set up at a shopping mall in London.“Maintaining the current location is the company’s official st
TechnologyJuly 6, 2016
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Samsung Securities says KOGAS ‘excessively undervalued’
[THE INVESTOR] Samsung Securities said Korea Gas Corporation ’s stocks are considerably undervalued, trading at around 0.33 times price-to-book value. “We expect that KOGAS’ profit from overseas resources development projects to bottom out from July while domestic sales of liquefied natural gas remain stable,” said Yang Ji-hye, an analyst at the securities firm. Samsung Securities maintained its buy rating and price target of 58,000 won (US$49.90) for KOGAS. The stock was up 1.26 percent to 40,3
July 6, 2016
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N. Korea discharges dam water near border with South
North Korea discharged water from a dam near the border with South Korea Wednesday, prompting the South to evacuate border-area residents for fears of flooding."It seems that North Korea discharged water from Hwanggang Dam at around 6 a.m.," a South Korean military official said. "North Korea opened the floodgates of the dam bit by bit from early morning." The North did not notify the South of the dam water discharge in advance despite their previous agreement to do so, the official said. Still,
North KoreaJuly 6, 2016