Most Popular
-
1
Thousands rally in Seoul to call for Yoon's resignation
-
2
Suicide attempts spike among youth in Korea
-
3
Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
-
4
FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
-
5
[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
-
6
Korean American documentary ‘Free Chol Soo Lee' wins Emmy
-
7
S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
-
8
Immigration policy must go beyond labor supply: experts
-
9
‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
-
10
Opposition mulls delay of financial investment income tax
-
Japan’s careful return to nuclear power
Five years after the nuclear plant meltdown at Fukushima, Japan has begun the controversial process of restarting its other reactors. The challenge for government and industry remains no less critical, however, to continually improve safety, lest they further undermine public support for what should be a reliable, climate-friendly fuel source.Before Fukushima led the government to close all the country’s reactors, Japan got almost 30 percent of its electricity from nuclear. Now it’s importing ab
ViewpointsMarch 15, 2016
-
Nexen Heroes enter 1st season at new park with altered game plan
The Nexen Heroes boasted the most potent offense in the Korea Baseball Organization last year, as the league leader in both runs scored and home runs.And as they move into a new, more cavernous stadium, sans some big mashers from recent seasons, the Heroes are approaching the 2016 season with an altered game plan: after launching 203 home runs and scoring 904 runs in 144 games last year, they will stop swinging for the fences and will start trying to manufacture runs.The Seoul-based club will no
BaseballMarch 15, 2016
-
Here’s why budget airlines aren’t less safe
One hundred and fifty — that’s how many lives were lost when Germanwings 9525 crashed into the French Alps a year ago this month. In the immediate aftermath, concerns were raised about safety in the budget-travel industry, concerns that some analysts were quick to dismiss. “When you pay less at a budget airline, you do get what you pay for; it’s just less in terms of frills and customer service, not less in terms of safety,” opined one expert. Statistics seemingly agree, showing no difference in
ViewpointsMarch 15, 2016
-
[Robert J. Fouser] The end of free trade?
The debate on trade in the U.S. presidential election should concern Korea because trade has come under fire from the left and right. On the left, Vermont Sen. Bernie Sanders blames the North American Free Trade Agreement and other bad trade policies for the loss of manufacturing jobs and stagnant wages that have weakened the middle class. Sanders has emerged as a strong challenger to frontrunner Hillary Clinton. On the right, businessman Donald Trump has attacked the same agreement and policie
ViewpointsMarch 15, 2016
-
North Korea has all core missile technologies except for re-entry capability: officials
North Korea appears to have secured all core mid- and long-range missile technologies except for atmospheric re-entry technology, South Korea's military officials said Tuesday, noting the communist state has made strides in improving delivery vehicles through repeated tests.Pyongyang has acquired key technologies concerning the propulsion system, guidance and control system, rocket separation and other crucial elements through a total of six long-range rocket tests including the latest in Februa
North KoreaMarch 15, 2016
-
Park warns N. Korea could self-destruct unless it embraces change
President Park Geun-hye said Tuesday that North Korea could self-destruct unless it embraces change, the latest in a series of strongly worded warnings aimed at pressuring North Korean leader Kim Jong-un to give up his nuclear weapons program.Tensions have spiked on the divided Korean Peninsula as North Korea has ratcheted up its bellicose rhetoric in response to the massive military drills under way between South Korea and the United States.North Korea could "trod the path of self-destruction b
North KoreaMarch 15, 2016
-
Hyundai Motor to resume export of auto parts to Iran in April
Hyundai Motor Group is gearing up for the reentry into the reopened Iranian market by exporting the semi-knockdown products. The automotive group said Tuesday that its two auto-making arms --Hyundai and Kia -- will supply its Complete Knock Down (CKD) products to Iranian automobile companies. Market watchers forecast the automaker’ export resumption will begin in April for the second quarter. CKD refers to semi-knockdown products that are intended to be assembled locally. Cars waiting to go onb
MobilityMarch 15, 2016
-
Korea ranks No. 5 for billionaires who inherited wealth
Korea ranked fifth in the world in terms of superrich business tycoons who inherited their wealth instead of making their own fortune, a think tank report showed. According to the Peterson Institute for International Economics, 74.1 percent of the 30 Korean billionaires inherited their fortune -- more than double the global average of 30.4 percent.The report said the proportion of Korean billionaires who amassed their fortune through inheritance stayed unchanged over the past two decades. Meanwh
IndustryMarch 15, 2016
-
Neofect to expand into B2C rehabilitative training solutions
On March 2, the research team of Dr. Shin Joon-ho of the National Rehabilitation Center announced its publication of an article in the most recent issue of the Journal of Neuro Engineering and Rehabilitation . The article presents research conducted by the team supporting the statistical significance of utilizing virtual reality-based rehabilitative treatment in a clinical setting. The rehabilitative treatment studied by Dr. Shin’s team was based on the “Rapael Smart Glove,” a wearable device ma
IndustryMarch 15, 2016
-
Disinfectant-maker accused of skipping toxicity test
Oxy Reckitt Benckiser, the manufacturer of the toxic humidifier disinfectant blamed for the loss of over 140 lives, allegedly skipped toxicity tests on the product in question, local media reported Tuesday.According to news reports, the special probe team of the Seoul Central District Prosecutor’s Office found that the disinfectant-maker intentionally did away with some toxicity tests on its humidifier disinfectant since 2001. This was when the firm started to add PHMG in their product, one of 1
Social AffairsMarch 15, 2016
-
Scandals highlight blind spots in international school regulations
A series of irregularities discovered at international schools recently have raised concerns about the need to tighten the monitoring of such schools, which have ascended to the top echelons of private education in the country and become attractive sources for foreign investment.YonhapSeoul Metropolitan Office of Education on Tuesday launched an audit of British international school Dulwich College over allegations of accounting fraud. The school is suspected of embezzling 7.5 billion won ($6.3
Social AffairsMarch 15, 2016
-
Unusual problems with Korean public toilets
When Jen Kim, a Korean-American in her 20s, went to use a public restroom inside a local cafe franchise in Ilsan two years ago, she couldn’t help but notice a trash can that was overflowing with used toilet paper that emitted an unbearable odor. “I left the stall immediately, telling myself I would rather hold it in and risk getting a urinary tract syndrome than use that bathroom,” she told The Korea Herald.On the door of the stall, there was a sign that asked users not to flush toilet paper do
Social AffairsMarch 15, 2016
-
Foreign banks fined for bid rigging in FX swap deals
South Korea’s antitrust watchdog said Tuesday that it has issued fines worth 59 million won ($49,700) to two foreign banks for rigging bids for foreign currency swap deals.The Seoul branch of Germany’s Deutsche Bank was fined for 13 million won, while that of HSBC was hit with a fine for 46 million won. The two banks were accused of rigging four bidding processes for foreign currency swap transactions that took place between January 2011 and February 2012, according to the Fair Trade Commission.
March 15, 2016
-
Mirae Asset to cut purchase price of Daewoo Securities by W55b
Mirae Asset Financial Group has cut its purchase price of KDB Daewoo Securities by 55 billion won ($46.3 million) to 2.33 trillion won, local reports said Tuesday. Mirae Asset will sign Friday a final contract with Korea Development Bank to take over a controlling 43 percent stake in KDB Daewoo, they said. The company is said to have demanded the price cut after a closer look at Daewoo’s overseas network and real-estate assets in Korea.KDB Daewoo is the country’s second-largest brokerage house,
March 15, 2016
-
Incheon Airport named best duty-free shopping site
Incheon International Airport was named the world’s best duty-free shopping site for the sixth consecutive year by an American travel magazine, the airport said Tuesday.The American edition of the travel magazine Business Traveler chose Incheon airport as the “Airport With Best Duty-Free Shopping” in December, as part of its annual Best in Business Travel Awards.The airport has won the same title from the Asia-Pacific edition and Chinese edition of the magazine for five and three consecutive yea
IndustryMarch 15, 2016
-
HanAll, Daewoong to develop new drug for dry eyes
HanAll Biopharma and Daewoong Pharmaceutical have agreed to jointly develop a new drug to treat dry eye syndrome — a common eye condition in which insufficient tears are made to lubricate the eye. Under the agreement signed Monday, the two firms are set to develop HL036, a promising dry eye syndrome drug candidate developed by HanAll. HL036 is a biobetter — an improved version of an existing biopharmaceutical treatment — which consists of anti-TNF antibodies that have been reformulated for an
IndustryMarch 15, 2016
-
[Hallyu power] How paths crossed for Love X Stereo
As with most indie bands, things were never planned to a T for electro-rock duo Love X Stereo. Asked about the meaning behind the band’s name in an interview last week, the two members looked at each other and laughed. “Bands hate being asked that question,” member Toby Hwang said before adding that it had been a mixture of happenstance and compulsion. “I’m a big fan of The Cardigans,” said Hwang, seated on a rickety chair in the duo’s basement studio in northern Seoul. Electro-rock band Love X
PerformanceMarch 15, 2016
-
A 35-year-old man confesses to murder of 22-year-old girlfriend
A 35-year-old man surnamed Lee, who was suspected of murdering his 22-year-old girlfriend, has been arrested and taken into custody after confessing to the crime in Anyang, Gyeonggi Province.The suspect reportedly strangled his girlfriend then proceeded to bury her body in an empty lot in Gwangmyeong, Gyeonggi Province. Lee’s girlfriend was reported missing since Feb. 17, after her sister alerted the police. During the investigation, the police found that the victim had entered Lee’s apartment
Social AffairsMarch 15, 2016
-
Busan artist receives Sony photography prize
Busan-based photographer and graphic designer Lee Chang-hun has won the first prize of the Korea National Award, which is part of the 2016 Sony World Photography Awards. Kim Tae-hoon and Kim Seok-jin won the second and third prizes respectively, in the Korean category of the world’s biggest photography competition. “Wonderland” by Lee Chang-hun (World Photography Organization) The National Awards competition rewards the best single image taken by a local photographer. It is held in 60 countries
PerformanceMarch 15, 2016
-
Shinhan Financial names 4 new CEOs
Shinhan Financial Group is replacing heads at four subsidiaries, while retaining current chiefs at three other units, the group said Tuesday. At Shinhan Life Insurance, Lee Byung-chan, a veteran insurance expert who was previously standing auditor of BNP Paribas Cardif Korea, will replace Lee Sung-rack, whose three-year term expires this month. The incoming CEO will serve three years until March 2019. Lee Byung-chan, new CEO of Shinhan Life (Shinhan Financial Group)Seol Yeong-o, the CEO of fund
March 15, 2016