Most Popular
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Opposition mulls delay of financial investment income tax
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Immigration policy must go beyond labor supply: experts
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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KMA chief under pressure after surveyed doctors refuse to back him
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Meditation brings calm to Gwanghwamun
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KT and Microsoft to develop AI models for Korea
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[Super Rich] Listing could net chaebol families W4tr
Korea is expected to witness a booming stock market this year with many companies preparing to list on the main bourse KOSPI and the secondary tech-heavy KOSDAQ.Generally, companies decide to go public on the strength of confidence gained from successful business performance, improvement in corporate governance, and positive financing, although listing does not necessarily guarantee future success. Last year, close to 40 percent of the newly listed companies ended with their share price much low
IndustryFeb. 23, 2016
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Doosan Bobcat to go public this year
Doosan Infracore, South Korea’s largest construction equipment maker, plans to list its unit Doosan Bobcat on Korea’s stock exchange this year to raise money to reduce debts. Doosan Bobcat, a subsidiary of Doosan Infracore, said Tuesday that it is seeking an underwriter for an initial public offering following Monday’s board meeting where the company chose Korea as its listing venue. Acquired by Doosan Infracore in 2007 for $4.9 billion from Irish manufacturer Ingersoll-Rand, Doosan Bobcat has 3
Feb. 23, 2016
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Concerns rise over expansion of illegal pharma kickbacks
Fresh concerns are rising over the expansion of illegal kickbacks offered by pharmaceutical companies to doctors in South Korea, as prosecutors have begun investigating the local arm of Swiss pharmaceutical giant Novartis on suspicions of bribery. The Seoul Western District Prosecutor’s Office raided Novartis Korea on Monday, confiscating the company’s documents and checkbooks on allegations that it had handed out money and other kickbacks, known in the industry as “rebates,” to local doctors. R
IndustryFeb. 23, 2016
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SKT, Facebook eye faster connectivity
Korea’s leading mobile carrier SK Telecom said Tuesday that it has joined forces with U.S. social network firm Facebook to establish an organization, dubbed Telecom Infra Project, aimed at advancing the global telecommunications infrastructure and achieving innovation in mobile services.Global information technology companies, network operators and device makers, including Nokia and Intel, have also agreed to join the organization through which they will share core telecom technologies and run j
TechnologyFeb. 23, 2016
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Working wives spend over double the time in child care than husbands
Among dual-income couples in their 20-40s, the wives spend more than twice the time than their husband in taking care of children, a government study said Tuesday. The Health and Welfare Ministry unveiled results of a survey conducted from Dec. 7-20 on 2,000 South Koreans aged 19 or more about low fertility and aging trends. According to its outcome, the mothers of elementary school-level or younger children spend an average of 2.48 hours a day on weekdays and 4.21 hours on weekends taking care
Foreign AffairsFeb. 23, 2016
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Zika sparks debate on South Korea’s abortion laws
Debate is brewing over whether or not South Korea should loosen its abortion laws to allow the procedure for Zika-affected pregnant women should there be an outbreak of the virus in the country. The Zika virus, which is transmitted through an infected mosquito, has been claimed to be linked to cases of microcephaly, in which babies are born with abnormally small heads and underdeveloped brains. Earlier this month, the World Health Organization issued a worldwide warning that the virus is a glob
Social AffairsFeb. 23, 2016
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POSCO bets on lithium business
POSCO, the world’s fifth-largest steelmaker, has begun work on a lithium extraction plant in Argentina as part of its strategy to prioritize its business in the metal.Upon the completion of the plant by the end of this year, the steelmaker plans to produce 2,500 tons of high-purity lithium a year. The metal is a key raw material in electric car batteries. POSCO’s production goal is equivalent to manufacture more than 60,000 electric car batteries, as it takes about 40 kilograms of lithium to pro
IndustryFeb. 23, 2016
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EnerNOC names new local head
Global energy intelligence software and services provider EnerNOC said Tuesday it has appointed Kim Hyoung-min, former vice president of the British America Tobacco, as head of its Korean unit. Kim, 50, started his career as a reporter at the English-language newspaper Korea Times, and later served as a secretary of the late President Kim Dae-jung while handling foreign press relations at Cheong Wa Dae. EnerNOC new head Kim Hyoung-minHe worked as an advisor at law firm Kim & Chang from 2008 to 2
BusinessFeb. 23, 2016
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Musical ‘Ro Gi-su’ returns to Daehangno stage
The locally produced tap dance musical “Ro Gi-su” has made its way back to the Seoul stage, following its successful premiere last spring which was met with rave reviews. Set against the backdrop of a North Korean prisoner of war camp, the musical is not at all the grimacing tale of war and tragedy one might expect. The musical by director Kim Tae-hyeong tells the tale of a young North Korean prisoner of war who, in the unlikeliest of scenarios, discovers a love for dancing. In the midst of the
PerformanceFeb. 23, 2016
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K-pop festival headed to Abu Dhabi
The KCON hallyu fest making its way to Abu Dhabi will feature performances by headlining acts BTS, Girls’ Generation’s Tae Yeon and Kyu Hyun of Super Junior, according to an announcement by CJ E&M on Tuesday. The annual K-pop convention, first launched in 2012 in California as the world’s largest K-pop festival, has been held mainly in the U.S. and Japan. However, this year the festivities will be held for the first time in the Middle East from March 25 at the massive Du Arena in Abu Dhabi.BTS
Feb. 23, 2016
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Kitchens never stop churning on Korean TV
One of the most noticeable trends in the Korean television industry since 2015 has been the sudden rise of “cook-bang,” a newly coined term that refers to shows that combine cooking and entertainment. These shows, which add a talk show, game show or survival reality element to traditional cooking shows, have been steadily on the rise -- and they show no signs of stopping, with cable channel JTBC rolling out a new show called “Best Chefs Ever” just last week. Promotional poster for “Best Chefs E
TelevisionFeb. 23, 2016
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[Hallyu Power] S.M. Entertainment continues expansion with New Culture Technology
This is the fifth article in a series that explores the driving forces behind hallyu and the global rise of Korean pop culture. --Ed. Since the first wave of idol stars and groups created the musical and social sensation in the late 1990s that has become today’s K-pop culture, one entertainment company has always stayed a step ahead. The home of H.O.T, BoA, TVXQ, Super Junior, Girls’ Generation and EXO and many more household names, S.M. Entertainment has yet to suffer a major failure -- despite
PerformanceFeb. 23, 2016
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Olympic football draws set for April
The draws for the football tournaments at the 2016 Summer Olympic Games will be held in April, the sport's national governing body said Tuesday.The Korea Football Association (KFA) said that FIFA, the sport's top governing body, decided to have the Olympic football draws at Maracana Stadium in Rio de Janeiro, the host city of the 31st Olympic Games, at 10:30 p.m. on April 14 (Korean time).South Korea have qualified for the men's event, and the women's team will have their qualifying tournament l
Olympic GamesFeb. 23, 2016
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Seoul to provide free WiFi at all public places by 2017
The Seoul metropolitan government said Tuesday it will provide free WiFi networks at every public place by 2017 as part of its efforts to strengthen its digital platform.It said free WiFi would also be available in moving subways and buses, adding that it will work with the central government to ensure the proposed networks are not compromised.Seoul Mayor Park Won-soon said the metropolitan government plans to invest 460.5 billion won ($373.9 million) over the next five years to grow the so-call
Social AffairsFeb. 23, 2016
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Solano receives renowned Colombian literature award
Colombian writer Andres Felipe Solano, currently teaching at the Literature Translation Institute of Korea, received a prestigious Colombian literary award, the LTIK announced Tuesday. Solano won the “Premio Biblioteca de Narrativa Colombiana,” or Library Award of Colombian Narrative, which carries a cash prize of 40 million Colombian peso ($12 million), for his 2015 work based on his experience living in Korea. Cover of “Corea: Apuntes Desde la Cuerda Floja” by Andres Feilpe Solano (Literatur
BooksFeb. 23, 2016
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Korean documentary ‘Weekends’ wins audience award in Berlin film fest
Director Lee Dong-ha’s debut documentary film “Weekends” placed third in the Panorama Audience Award Panorama Dokumente at the 66th Berlin International Film Festival which ended Monday. The public casts votes for the Panorama Audience Award, which has been given out since 1999. The best documentary category of the award was first established in 2011. Kang Choe (left) and Jaewoo, two protagonists of the documentary film “Weekends,” pose at the Berlin Film Festival on Feb. 17. (Berlin Internatio
FilmFeb. 23, 2016
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Seoul, U.S. discuss sanctions on Pyeongyang
South Korea and the United States held working-level consultations here Tuesday on tightening the screw on North Korea for its provocations, the Foreign Ministry said.Kim Gunn, the ministry's director general for North Korean nuclear affairs, met with Jennifer Fowler, deputy assistant secretary of treasury for terrorist financing.They "consulted on ways to strengthen sanctions on North Korea," it said.The two sides focused on how to cooperate in efforts to enhance the effectiveness of sanctions
North KoreaFeb. 23, 2016
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Korean stocks down 0.1% on profit-taking
Korean shares erased earlier gains to close 0.11 percent lower on Tuesday as investors continued to opt for a profit-taking mode. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.14 points to finish at 1,914.22. Trading volume was slim at 324 million shares, worth 3.95 trillion won ($3.21 billion) with losers outnumbering gainers 437 to 362.The local bourse started a tad higher following overnight gains on Wall Street and rebounding o
Feb. 23, 2016
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Chinese TV makers gain on Korean rivals
Samsung Electronics and LG Electronics took up a smaller share of the global TV market in 2015 as Chinese rivals expanded their presence, industry data showed Tuesday.Samsung and LG had a combined market share of 33.6 percent, down a whopping 37.1 percent from a year earlier, the data compiled by industry tracker IHS Technology showed.The market share of their Chinese competitors, such as Hisense, TCL and Skyworth, rose 5.7 percent to account for 27.5 percent of the market.Overall, the market ga
IndustryFeb. 23, 2016
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London museum celebrates Charlotte Bronte‘s 200th birthday
LONDON (AFP) - Manuscripts, portraits and even a pair of cloth boots belonging to English author Charlotte Bronte went on display in London on Monday to celebrate the 200th anniversary of her birth. The small exhibition at the National Portrait Gallery, which runs until Aug. 14, offers glimpses into the life of the novelist who lived between 1816 and 1855 and is best known for “Jane Eyre.” It revolves around a famous portrait by her brother Branwell Bronte with Charlotte, her sisters Emily and A
CultureFeb. 23, 2016