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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[Exclusive] Democratic Party of Korea forms US election task force
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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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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[Editorial] Chain of terror
Fear of terror attacks is shrouding the globe in the wake of successive assaults in Turkey, Bangladesh and Iraq. A week ago, a bombing at the Istanbul airport killed 44, a hostage-taking incident at a restaurant in Dhaka left 22 dead over the weekend and a massive car bomb attack in Baghdad has killed at least 150 people. The jihadist militant Islamic State group claimed accountability for the massacres in Baghdad and Dhaka. IS is also suspected of committing the terrorist attack in Istanbul.Fol
EditorialJuly 5, 2016
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Korean financial regulator seeks bigger say in global organization
Korea has recently increased its presence in a global financial advisory organization to have a bigger say when the member countries set and revise international financial rules, its financial regulator said Tuesday. Early this month, the Financial Services Commission and the Financial Supervisory Service acquired membership in the Committee1 under the International Organization of Securities Commissions "to make its voice heard" in setting international rules and standards involving accounting,
BusinessJuly 5, 2016
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[Editorial] National debt
Last week, the government said it would draw up a supplementary budget worth 10 trillion won ($8.69 billion) in its unveiling of its second-half economic policy direction.A package of stimulus might be necessary in terms of overcoming the weak recovery in exports and domestic consumption as well as uncertainty from the Brexit scenario. But in a different aspect, the planned government expenditure is arousing concerns over possible deterioration of fiscal soundness amid a recent surge in sovereig
EditorialJuly 5, 2016
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[Kim Seong-kon] Are middle-aged Koreans the lucky generation?
I have often thought that I would have been quite miserable if I were born 20 or 30 years ago. I would have to go through the hell of the college entrance exam, which I surely would not have survived. For one thing, I am not quick at figures, and with my poor math score, any university I applied to would have rejected me. These days, prestigious universities demand almost perfect scores in every subject. Suppose I was lucky enough to be accepted by a university, I still would not have been able
ViewpointsJuly 5, 2016
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Franchisees sue Pizza Hut for unfair business practice
[THE INVESTOR] Angry Pizza Hut franchisees have once again sued the company for its unfair practice of collecting marketing and management fees outside of the contract, local news reported on July 5. The 25 owners of Pizza Hut outlets filed a suit with the Seoul Central District Court, demanding the global pizza house’s Korean unit pays back the amount it collected under “admin fee,” totaling around 760 million won (US$ 658,015). The owners claim that the company made them pay an additional 0.55
IndustryJuly 5, 2016
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Two goalkeepers embrace 'friendly rivalry' for Rio Games
Two goalkeepers with the Korean Olympic football team said Tuesday they will keep a friendly rivalry going at the Rio de Janeiro Summer Games. Kim Dong-jun and Gu Sung-yun were named to Korea's 18-man squad for the Rio Games on June 27. However, head coach Shin Tae-yong has yet to decide a first-choice goalkeeper for South Korea, keeping both Kim and Gu working hard until the last minute. Kim and Gu admitted they feel the competition between them, but the situation is helping them to perform bet
SportsJuly 5, 2016
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[Andrew Sheng] An Asian view of Brexit: tragedy or comedy?
Last month, the world woke up to find that the British actually voted 51.9 percent for an exit from the European Union.World stock markets lost over $3 trillion in market value, with the credit rating agencies downgrading the U.K. from “AAA” to “AA,” making it more costly for British companies and government to raise funds. The pound sterling depreciated sharply to its lowest level in years. What will happen next?Brexit was technically a referendum on whether the United Kingdom wanted to remain
ViewpointsJuly 5, 2016
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Shares likely to extend gains on eased Brexit woes
South Korean shares are likely to trade in the positive terrain this week as shock over Britain‘s decision last week to exit the European Union has eased, analysts said.The benchmark Korea Composite Stock Price Index gained 3.19 percent for the whole of this week to end at 1,987.32 this Friday, fully recovering the loss of 3.09 percent last Friday when Britain’s EU exit vote wiped out nearly 2.5 trillion won from global equity values. This week, analysts said the KOSPI will trade in the range of
July 5, 2016
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Korea’s potential growth rate could drop to 1.45% in 2050: think tank chief
[THE INVESTOR] Korea’s potential economic growth rate could fall to as low as 1.45 percent by 2050, Korea Economic Research Institute president Kwon Tae-shin warned on July 5. Speaking at a forum held at the National Assembly, Kwon said that Korea’s potential growth rate has plunged since the 1990s, and that a potential growth rate of 1.45 percent is possible by 2050. “One of the structural problems with the Korean economy is falling potential growth rate,” Kwon said. Saying that Korea’s potenti
July 5, 2016
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[Markos Kounalakis] Turn youth unemployment into NATO deployment
Breaking up, it turns out, is not so hard to do. It is a simple matter of a stupid vote. The Brexit result is a shock to the international financial system and a threat to post-cold war stability, and it raises tensions in a region with a historically bad war habit.Brexit dealt a new blow to European integration and collective strength, and it adds pressure to a further weakened European Union already facing strategic challenges from places like Russia.Despite Brexit’s destabilizing potential, t
ViewpointsJuly 5, 2016
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Veterans return to Olympics after eight years away
Competing in an Olympics is considered a great honor for athletes, and for two South Korean veterans this year's Rio de Janeiro Summer Games will hold even greater significance.Female weightlifter Yoon Jin-hee and male gymnast Yoo Won-chul will both be returning to the Olympic stage after an eight-year absence. Yoon won silver in the 58kg division at the 2008 Beijing Olympics and retired from international competition in 2012. But she started lifting again in late 2014.Yoo, a 2008 Olympic silver
SportsJuly 5, 2016
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[Francis Wilkinson] The Clintons summed up in 10 points
Point one: Bill and Hillary Clinton are victims of a perpetual right-wing smear campaign, a highly personalized subset of a decades-long, coordinated and sleazy conservative crusade to discredit government.Point two: Bill and Hillary Clinton evade rules and skirt laws that others are required to follow. They seek to hide conduct that should be open to scrutiny and intentionally evade accountability. When their improper actions are exposed, they invariably dissemble. Why did Hillary Clinton use a
ViewpointsJuly 5, 2016
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[ANALYST REPORT] NCsoft: Momentum expected from new Lineage IP games
-2Q16 operating profit estimated at W72.7bn (+8.4% YoY), missing consensus by 6% ¨ -Momentum from release of new mobile games based on Lineage IP from July-Retain BUY for a target price of W320,0002Q16 operating profit estimated at W72.7bn (+8.4% YoY), missing consensus by 6%We expect NCsoft to report 2Q16 sales of W225.3bn (+3.6% YoY) and operating profit of W72.7bn (+8.4% YoY). Lineage sales are estimated at W85.6bn (+8.6% QoQ) backed by the dragon’s treasure chest event (May 25 - June 22). Sa
July 5, 2016
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[Robert J. Fouser] What Brexit shows about young voters
The Brexit vote was a political earthquake because the referendum was not expected to pass. The results have been analyzed many times over and a number of theories have been offered to explain what happened.The vote was close, with 52 percent voting to leave the EU and 48 percent voting to remain. The results showed sharp regional and generational divisions. Scotland and Northern Ireland voted strongly to remain, whereas England and Wales voted to leave. London and most other big cities in Engla
ViewpointsJuly 5, 2016