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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Samsung, top banks to create W2tr green growth fund for SMEs
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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Ex-DSME chief embezzled over W2b: prosecution
Prosecutors looking into Daewoo Shipbuilding and Marine Engineering have uncovered new cases of suspected embezzlement amounting to 2 billion won ($1.7 million), on top of the 5 trillion won accounting fraud previously alleged, sources said Thursday. The investigators suspected that DSME’s former CEO Nam Sang-tae created about $500,000 worth of slush funds in 2008 through a DSME affiliate to purchase stocks in a paper company set up by his college friend surnamed Jeong. In exchange for business
IndustryJuly 1, 2016
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Korea to provide support amid job losses in shipbuilding
The South Korean government will designate shipbuilding as a sector that needs “special state assistance” with the Finance Ministry and Labor Ministry providing aid to employees facing job losses due to debt restructuring.Finance Minister Yoo Il-ho said Thursday that the government will seek to provide financial relief to those who lose their jobs in the wake of corporate restructuring, and help them receive proper training and education so they can find new jobs. Finance Minister Yoo Il-ho (Yon
June 30, 2016
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S. Korean painter Lee U-fan reconfirms authenticity of paintings suspected of being fake
Renowned South Korean artist Lee U-fan confirmed Thursday once again that he did paint all 13 paintings that are suspected of being forgeries.In a press briefing in central Seoul, the artist said the paintings in question were his work beyond a doubt."I checked them with my own eyes and they are certainly all mine judging from their breath, rhythm and colors," the artist said.He continued: "Breath and rhythm are like fingerprints, which no one can copy. A third person, however talented the perso
Social AffairsJune 30, 2016
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JYJ's Park summoned over alleged sexual assault, apologizes to public
Park Yu-chun, the troubled member of popular K-pop boy band JYJ, appeared before police Thursday to face questioning over his sexual assault allegations which have been rocking the local entertainment scene. The 30-year-old singer-actor appeared at the Gangnam Police Station in southern Seoul about three weeks after he was first sued over allegedly raping a woman working at a local bar."First of all, I am very sorry for causing many people concern," he told reporters before entering the office,
Social AffairsJune 30, 2016
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Samsung denies rumors over its chief's death
Samsung Group denied rumors circulated Thursday that its chairman Lee Kun-hee, who has been hospitalized for over two years, has died.Earlier in the day, rumors that the 74-year-old has died and that the news will be made public at 3 p.m. were circulated around the local stock market and social media.Samsung Electronics Co., the flagship of South Korea's largest family-run conglomerate, said the rumors are "groundless," shortly after the Korea Exchange (KRX) demanded an explanation over the spec
Social AffairsJune 30, 2016
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Cram school tutor gets jail term for leaking SAT questions
The head of a private education institution has received a jail term for leaking questions from a U.S. college admissions test and teaching students with the material, court records showed Thursday.The Seoul Central District Court sentenced the defendant, identified only by her surname Kim, to a year in prison, suspended for two years, for obtaining questions of earlier Scholastic Aptitude Tests (SATs) from her acquaintances and students, and using them in classes in 2011. Previous tests are not
Social AffairsJune 30, 2016
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[Super Rich] Chaebol Cornell graduates with a hold on hotel business
With the prestigious Ivy League known to offer top-notch education, elites with a business family background are flocking to the U.S. universities to gain an edge for when they inherit the family business. One Ivy League institution located by the natural waterfalls in New York is especially known for its hotel management curriculum: Cornell. Graduates of Cornell University with a major in hotel management dominate the hotel industry. Cornell University (Cornell website)Of Cornell hotel manageme
IndustryJune 30, 2016