Most Popular
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Korea to face another massive shortfall in tax revenue
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Who's lying? Hybe vs. Min conflict continues to intensify
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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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'Shaman says president will die,' caller warns
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Boy's emergency medical treatment delayed 2 hours due to staff shortage
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Korean industries lag behind in dynamism: expert
Korean industries have failed to pursue dynamic changes in terms of bring in new companies and kicking out uncompetitive ones for the past 15 years, an expert on South Korean companies said Tuesday.Park Ju-gun, president of CEO Score, which analyzes data about the top 500 local companies and chief executives, said only 122 new companies, or 20 percent, joined the top 500 firms in Korea from 2000-2015, while 31 percent joined the top 500 ones in the U.S. in the same period.“Analyzing data both in
IndustryMay 11, 2016
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‘The Girl from Home’ is a solid economic thriller
“The Girl from Home” By Adam Mitzner Gallery (336 pages, $26) The recent economic downturn -- and financial scandals -- have also ushered in a new wave of economic thrillers in which hedge funds and stock trading provide a background for more dastardly deeds. Adam Mitzner wisely uses this background as a start to explore the maturation of a selfish, vain man who eventually understands what matters more than money or a flashy car in “The Girl from Home.” Hedge fund manager Jonathan Caine is one
BooksMay 11, 2016
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Africa's contradictions encountered in a 9-month walk along the Nile
“Walking the Nile” By Levison Wood Atlantic Monthly Press (338 pages, $26) In becoming the first person to walk the Nile River’s length of more than 6,500 kilometers, explorer and ex-British soldier Levison Wood does more than cross footsteps with noted Victorian predecessors such as David Livingstone and Richard Burton. He also traces a nine-month journey through the contradictions of African life -- cacophonous cities and expanses of barely trod landscapes offset by the greed and corruption o
BooksMay 11, 2016
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‘Paul McCartney: The Life’ offers thorough account of ex-Beatle
“Paul McCartney: The Life” By Philip Norman Little, Brown (853 pages, $32) Behind the double thumbs-up, impish smile and round, half-moon eyes lies a Paul McCartney more complex than public perception lends itself to. As biographer Philip Norman writes in “Paul McCartney: The Life,” McCartney is more than just the “cute Beatle” thumping away on a left-handed violin-shaped bass or the elder statesman of rock who continues to sell out stadium concerts lasting more than three hours. McCartney is,
BooksMay 11, 2016
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New digital imprint features works by Heller, Bradbury
NEW YORK (AP) -- Little known short stories by Tennessee Williams, Joseph Heller and Ray Bradbury are among the works being offered through a new digital imprint. Mulholland Books announced Tuesday that it is partnering with Strand Magazine on the Strand Originals program. Over the next several months, the imprint will release e-book and digital audio versions of 20 stories that have been featured in the magazine, which specializes in unearthing obscure fiction by prominent writers. The selectio
BooksMay 11, 2016
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Tobacco leaf farmers oppose foreign tobacco brands in military
Tobacco leaf farmers in Korea are railing against the introduction of foreign cigarette brands into stores on military bases, raising concerns that their entry would curb the sales of Korean-grown tobacco leaves.Last month, the Defense Ministry announced that two foreign cigarette brands would be sold on military bases here for the first time, breaking KT&G’s monopoly in the military market. The chosen brands were Marlboro Gold Original and Mevius LSS Wind Blue.The growers’ concern is that growi
IndustryMay 11, 2016
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[Photo News] LG CordZero mopping cleaner
LG Electronics on Wednesday launched a new CordZero vacuum cleaner with a wet mop function. After the front motor sweeps dirt, a mopping kit dampens a cleaning pad and wipes the floor. The cleaner is priced at 429,000 won ($366). (LG Electronics)
TechnologyMay 11, 2016
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[Photo News] International air conference
Transport Minister Kang Ho-in speaks at the opening ceremony for the ICAO Aviation Training and TRAINAIR PLUS Global Symposium and fifth Conference on International Air Transport Cooperation. The international conference takes place from Wednesday to Friday at the Conrad Hotel in Seoul. (Transport Ministry)
IndustryMay 11, 2016
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Prosecutors place travel ban on former chiefs of Daewoo Shipbuilding
Two former heads of Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, are subject to a travel ban over investigation into huge losses the company suffered, industry sources said Wednesday.Nam Sang-tae, who headed the company from 2006 to 2012 and Ko Jae-ho, who succeeded Nam until last year, are prohibited from leaving South Korea, according to the sources. The legal action came amid the local shipbuilding industry's suffering from mounting losses caused by an indus
Social AffairsMay 11, 2016
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Lotte to buy Hyundai Logistics to bolster delivery business
South Korea’s conglomerate Lotte Group plans to buy a controlling stake in Hyundai Logistics, as it seeks to strengthen its delivery service to compete with other rival retailers.By the end of next week, eight affiliate companies of Lotte are set to hold board of directors meetings to get approval to buy an 88.8 percent stake in Hyundai Logistics in separate deals with an estimated value about 410 billion won ($351 million), according to Lotte officials. They expect to complete transactions with
May 11, 2016
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KT creates 5G alliance with Samsung, Nokia
South Korean network operator KT has formed an alliance with global network equipment firms including Samsung Electronics and Nokia to jointly roll out technology standards and services of the next-generation network 5G for the 2018 Pyeongchang Winter Olympics.The network operator said Wednesday that the company and its partners have launched the strategic alliance, dubbed KT 5G Development Forum, though which participants will develop mobile devices and network systems running on the 5G network
TechnologyMay 11, 2016
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Debt-to-equity swap mulled for Hyundai Merchant
Creditors led by the state-run Korea Development Bank are soon to come up with a detailed plan to inject new capital for Hyundai Merchant Marine, as the ailing shipping firm is near completing negotiations with shipowners over ship leasing fees.Creditors next week will start discussing a debt-to-equity swap plan, KDB spokesman Cho Seong-wook said Wednesday. A debt-to-equity swap refers to swapping loans into stocks of the company to alleviate liquidity crunch. Korea Development Bank headquarters
May 11, 2016
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Microsoft to launch two data centers in Korea
Microsoft is hoping to expand its presence in the nation’s nascent but fast-growing cloud service market, launching two data centers here by 2017. Its Korean operations said its two centers in Seoul and Busan will be operated from September 2017. The company did not specify the location and size of the facilities, citing privacy of corporate clients. Microsoft Korea CEO Alfred Koh speaks at a press conference in Seoul on Wednesday. (Microsoft Korea)“We had some limitations in meeting local dema
TechnologyMay 11, 2016
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Korean spandex company to build plant in Iran
TK Chemical, the spandex-making affiliate of Korea's shipping-to-construction company SM Group, said on Wednesday it will build a spandex plant in Iran to gain a bigger share there and expand across other Middle Eastern markets.TK Chemical, which already has an operation in Iran, now sees bigger opportunities as the U.N. nuclear agency lifted the years-long economic sanctions against Iran earlier this year, paving the way for multinational firms to rebuild their businesses there. The country's b
IndustryMay 11, 2016
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KOBACO strikes deal with Showbox for joint production of films, videos
A state-run broadcasting ad agency said Wednesday it has signed a deal with a local film studio and distributor to invest 30 billion won ($25.7 million) in financing for the studio's new films and videos for the next four years.Under the deal with Showbox, behind such recent Korean box-office smashes as "The Thieves" and "The Throne," the Korea Broadcast Advertising Corp. will jointly produce Korean films and video content for various platforms to be distributed by the business partner.The two s
IndustryMay 11, 2016
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[Photo News] LIG Nex1’S R&D center
Aerospace manufacturer and defense company LIG Nex1 held the groundbreaking ceremony for its Daejeon House at the research and development district of Daedeok Innopolis in Daejeon on Tuesday. LIG Nex1 vice chairman Lee Hyo-koo (tenth from left), politician Lee Sang-min (ninth from left), Korea Defense Industry Association vice chairman Kim Young-hoo (seventh from left), and others attended the ceremony. Estimated to be completed in 2017, the Daejeon House will be a research center for missile an
IndustryMay 11, 2016
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Pharmaceutical, bio firms aggressive in clinical tests
Korean pharmaceutical and biotechnology companies are rushing to conduct initial clinical trials for the drugs they have developed as they seek to become a leading player in the value-added market, government data showed Wednesday.Companies are required to obtain an approval from the Ministry of Food and Drug Safety to proceed with the first round of clinical trials for their new drugs. The following two stages of clinical tests are also subject to the ministry's approval. (123RF)The ministry s
IndustryMay 11, 2016
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Tickets to Song Joong-ki show being scalped in China
Tickets to watch the pre-recording of a local variety show featuring South Korean actor Song Joong-ki are being scalped at high prices, Chinese media reported Wednesday.The tickets to watch the "Descendants of the Sun" actor on the Hunan TV show "Happy Camp" were being re-sold illegally for up to 8,000 yuan ($1,227), the Chinese news website Sina.com said. The price is for a front-row seat, with a regular seat fetching about 3,400 yuan."Happy Camp" was started in 1997 and has featured many South
TelevisionMay 11, 2016
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Bangtan Boys make second Billboard listing
South Korean boy band Bangtan Boys made its second listing on a U.S. music chart with its new album, the idol group's management said Wednesday. The K-pop group, also commonly known by its abbreviated name BTS, took the 107th slot in Billboard's Top 200 Albums with "Hwayangyeonhwa Young Forever" on Tuesday.The album was released on May 2 as a special album in the two-volume series of Hwayangyeonhwa, after "Hwayangyeonhwa Part 1" and "Hwayangyeonhwa Part 2." The word "Hwayangyeonhwa" means "the m
PerformanceMay 11, 2016
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Chinese shoppers start to pick up products other than cosmetics
Chinese tourists to Korea are gradually changing their shopping lists to items other than cosmetics, picking up more health and body care products, a tally indicated Wednesday.Sales records from Olive Young, a leading health and beauty store chain, showed facial sheet masks still topped the bestseller list among Chinese shoppers who came during the April 28-May 3 Labor Day holiday, but unlike before, others in the top five were health and body-related care products. During the holiday last year,
IndustryMay 11, 2016