Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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Seoul seeks to improve foreign nanny program after two abscond
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Samsung, top banks to create W2tr green growth fund for SMEs
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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College is expensive? In S. Korea, English preschools cost much more
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[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
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VW gasoline car owners to file criminal charges
Korean owners of Volkswagen’s gasoline vehicles will be seeking criminal charges against the German carmaker for manipulating its software to pass emissions tests, said a legal representative here on Monday. “We are gathering customers to file class-action suits as well as criminal charges against the automaker. (For criminal charges), the system manipulation may cause an engine breakdown, which may lead to physical damages to users,” Ha Jong-sun, a lawyer at Barun that represents those customer
MobilityJune 20, 2016
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M&A deals reshape local brokerage industry landscape
[THE INVESTOR] Mergers and acquisitions among midsized brokerages will continue to shape the securities industry in the second half of 2016, following mega deals signed by top local players earlier.After the big merger deals of Daewoo Securities and Hyundai Securities earlier this year and last year, M&A activities in the industry are expected to pick up due to deteriorating balance sheets. “Brokerage houses will come under growing pressure to drive growth through M&As as their growth woe worsen
June 20, 2016
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WeMade struggles to launch next big hit
WeMade Entertainment, once a dominant game developer and publisher, is facing a slowdown as it struggles to release a game that can be a hit at home and abroad. The KOSDAQ-listed gamer, which brought fans blockbuster games such as “Candy Pang” and “Wind Runner,” performed below expectations in the first half of this year, with its highly anticipated role-playing action game “Soul & Stone” flopping early this year. Wemade‘s “Wind Runner” (WeMad
June 20, 2016
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ICT minister to publicize 'creative economy' in OECD session
South Korea's minister on ICT policy will brief the international community this week on the nation's digital vision and its efforts to foster a "creative economy," his ministry said Monday.Choi Yang-hee, minister of science, ICT and future planning, is scheduled to attend an OECD Ministerial Meeting on the Digital Economy, and deliver a speech.Under the theme of "Innovation, Growth and Social Prosperity," it will open in Cancun, Mexico, on Wednesday for a two-day run. The upcoming session will
June 20, 2016
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Korean military willing to provide security forces to USFK amid IS warnings
South Korea's military is willing to provide security forces to the United States' military units in the country to fend off potential terrorist attacks by the militant Islamic State, which threatened to launch attacks against American installations here, the Joint Chiefs of Staff said Monday.South Korea's police and military are stepping up their anti-terrorism readiness after the National Intelligence Service, the country's spy agency, said a day earlier that IS designated U.S. Forces Korea ai
DefenseJune 20, 2016
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[Herald Review] K.Will makes musical debut as 'ugliest man in Paris'
“Ballad King” Kim Hyung-soo, better known by his stage name K.Will, has returned to the spotlight, except this time, he is not showing much of the charming baby face that fans adore – the K-pop idol has transformed into a hideously deformed hunchback for his musical debut. In tackling the challenging role of Quasimodo in the Korean rendition of the beloved French musical, “Notre Dame de Paris,” K.Will is looking to be yet another K-pop idol-turned-musical actor trying to prove he has got the vo
PerformanceJune 20, 2016
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Korean Army expected to become multicultural starting 2025
An increasing number of conscripts from a mixed-race family background is expected to make the Army multicultural starting in 2025, a government official said Monday.According to the official, the Defense Ministry has forecast that the number of men from multicultural families to be enlisted will reach an average 8,518 a year between 2015 and 2031."The surge in the number of multicultural soldiers will inevitably turn the Army into a multicultural one," he said. "The ministry has started to come
DefenseJune 20, 2016
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Samsung Electronics adopts new appellation system
[THE INVESTOR] Samsung Electronics plans to transform its appellation system starting next month under the slogan “Start-up Samsung,” according to local reports on June 20. The initiative aims to get rid of designations and boost the atmosphere to share ideas freely among workers. The company is currently conducting a survey on employees regarding the new system. The survey provides four alternatives: adding “Nim” -- which refers to “sir” in Korea -- “pro” or “manager” at the end of a name, or u
June 20, 2016
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Conservative heavyweight calls for control on chaebol
[THE INVESTOR] The ruling Saenuri Party on Monday called for strengthened supervision on conglomerates’ lax management and tax-evading power succession practices as part of a long-term vision to achieve social compromise and lessen inequality.By prioritizing distribution over growth and advocating the rights of irregular workers, the conservative party gestured at expanding its political horizon to the centrist-reformist zone.“A nation that is not just may not stand straight,” said floor leader
IndustryJune 20, 2016
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Nzin renamed as KakaoGames to enter US, Europe markets
[THE INVESTOR] Kakao’s gaming affiliate Nzin will change its name to KakaoGames next month aiming to improve integration of its ever-evolving business portfolio. The decision will be voted during a shareholders meeting planned on June 30.“The renaming aims to strengthen the company’s brand value as a multi-platform gaming company and elevate the sense of unity as a Kakao family,” said a Kakao official. The official said, among others, the renaming will be helpful for the company to seek business
TechnologyJune 20, 2016
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Regulator mulls smartphone users TV license fee
[THE INVESTOR] Korea’s media regulator is planning to set up an independent organization to improve the TV license fee system of KBS, a state-run broadcaster, which will likely include a measure to charge smartphone users.The Korea Communications Commission will form an independent group dedicated to assessing the financial structure of state-run broadcaster KBS and improving the broadcasting firm’s TV license fee system, according to a briefing reported to the National Assembly on June 20. The
TechnologyJune 20, 2016
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Hallyu contents to be hit by tougher Chinese regulations
[THE INVESTOR] China has officially announced plans to strengthen regulations on imports of overseas contents, according to China Daily on June 20.The directive issued by the State Administrator of Press, Publication, Radio, Film and Television focuses on producing media embodying “Chinese spirit and value” starting July 1, and is expected to deal a blow to the spread of hallyu, or Korean Wave, contents that have been steadily gaining popularity in the country. Poster of KBS2 drama “Descendants
June 20, 2016
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Korea, Japan, China sign MOU on drone cooperation
[THE INVESTOR] Industrial organizations of South Korea, Japan and China on June 19 agreed to join hands to nurture the nascent drone industry together. The Korea Industrial Technology Association said it has signed a memorandum of understanding with its Chinese and Japanese counterparts on the sidelines of the Shenzhen International UAV (unnamed aerial vehicle) Expo. Korea Drone Industry Promotion Association chairman Lee Hyo-koo (left) and his Chinese and Japanese counterparts pose at an MOU ev
TechnologyJune 20, 2016
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Hanwha begins shipping K9 hulls to Poland
[THE INVESTOR] Hanwha Techwin, Hanwha Group’s weapons and surveillance systems affiliate, announced on June 20 that it began shipping the hull of the K9 self-propelled gun to Poland. K9 self-propelled gun.Hanwha Techwin signed the contract to supply 120 units of K9’s hull to Poland’s state-run defense contractor HSW in December 2014. HSW will attach its own turret to the body to produce the AHS Krab 155-mm self-propelled gun. Six K9 hulls were shipped to Poland on June 20, Hanwha Techwin said. A
June 20, 2016
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Corporate Korea lacks antitakeover measures
[THE INVESTOR] Only 1 percent of Korean companies have set up defense mechanisms against hostile takeovers in recent years, indicating that they are still vulnerable to such threats and shows the lack of corporate governance. Daeshin Economic Research Institute on June 19 looked into 600 listed companies and conglomerate affiliates in Korea where institutional investors or the pension fund hold more than 5 percent stake in the company. Only six of 600, or 1 percent, have established measures aga
June 20, 2016
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KFS strives for greener Korea with urban forests
The Park Geun-hye administration opened the 2016 Government 3.0 Fair for a three-day run in Coex in southern Seoul on Monday, as part of its efforts to enhance communication between government agencies and the public.With the slogan “Government at Your Fingertips,” the fair is displaying 100 booths in seven different categories, exhibiting various services provided by government ministries and agencies to widen public access to administrative data to improve people’s daily lives, officials said.
June 20, 2016
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Korea, China, Japan to bolster drone cooperation
Drone associations from Korea, China and Japan signed an agreement for the collaborative development of the drone industry during the 2016 Shenzhen International UAV Expo at the Shenzhen Convention Center in China on June 18. One hundred participants representing the industry and drone associations, including the Korea Drone Industry Promotion Association, China Drone Industry Alliance and the Japan UAS (unmanned air system) Industrial Development Association, agreed to standardize drone parts a
IndustryJune 20, 2016