Most Popular
-
1
Yoon warns North Korea against nuclear attack attempt
-
2
81-year-old model awarded ‘best dressed’ in Miss Universe Korea
-
3
Seoul mayor suggests shift in immigration policy
-
4
NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
-
5
'Smart pill'? ADHD treatment prescriptions spike this year
-
6
[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
-
7
Israel targets Palestinian group in first strike on Beirut center
-
8
[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
-
9
Man calls 119, found dead 1 week later because officials went to wrong place
-
10
Court rules Itaewon tragedy was 'foreseeable'
-
Hyundai Motor Group to buy back 23% stake in its auto financing unit
Hyundai Motor Group has decided to buy back a 23 percent stake in Hyundai Capital Services, its auto loans arm, from IGE USA Investments, a unit of GE Capital, in an effort to expand its auto financing business in overseas markets, industry sources said Monday. Currently, IGE is the second-largest shareholder in Hyundai Capital with a 43.3 percent stake, after Hyundai Motor with a 56.47 percent stake. “It is true that the two parties are at the table for a stock deal, but they have
MobilityDec. 21, 2015
-
[Profile] Joo Hyung-hwan, Trade, industry and energy minister nominee
The Trade, Industry and Energy Minister nominee Joo Hyung-hwan is expected to boost the country’s sluggish exports with his abundant experience in formulating economic policies. As the incumbent vice finance minister, Joo overlooked the finance strategy section, including his position at the International Bank for Reconstruction and Development. Joo Hyung-hwan, Trade, industry and energy minister nomineeHe has also worked at the presidential office back and forth since 2003, which added a politi
IndustryDec. 21, 2015
-
Samsung bets big on biotechnology
SONGDO, Incheon -- Samsung BioLogics broke ground on its third production plant in Songdo, Incheon, Monday, drawing closer toward its stated goal of becoming the world’s No. 1 contract manufacturer of biologic drugs by 2020. The new plant, to be constructed with an investment of 850 billion won ($740 million) will boast a production capacity of 180,000 liters to become the single largest biologics manufacturing facility in the world upon its completion in 2018. Combined with its two existing pla
IndustryDec. 21, 2015
-
Police sent to Manila over murder case
Seoul police dispatched a group of investigators to the Philippines to join a probe into the murder of a Korean for the first time amid growing security concerns for Korean citizens in the country, officials said Monday. A 57-year-old man surnamed Cho was shot dead by four strangers who broke into his house early Sunday in Malvar, Batangas. The suspects ran away after stealing money and valuables, Manila authorities said. The Korean National Police Agency said it sent three police officers and o
Social AffairsDec. 21, 2015
-
SK hynix engages in voluntary activities in Cambodia
SK hynix employees participated in a two-month voluntary program in Cambodia by paying visits to local schools and welfare facilities to give away educational kits and donations, and participate in cultural exchange events, according to the chipmaker Monday. The outreach program held in Siem Reap in northwestern Cambodia from Oct. 18 to Dec. 19 was aimed at helping SK hynix employees get global mindsets and supporting local children in need. SK hynix employees take part in a two-month voluntary
TechnologyDec. 21, 2015
-
Animated films to evoke nostalgia this Christmas
This Christmas, big screens in Korea will bring two animated films that will put a child-like spark back in the hearts of grown-ups -- “The Peanuts Movie” based on the classic comic strip by Charles M. Schulz and “The Little Prince,” an English-language French film based on the 1943 masterpiece by Antoine de Saint-Exupery. While remaining true to the classic works that inspired them, both films catapult the stories’ visuals into the 21st century. Still from "The Peanuts Movie" (20th Century Fox
FilmDec. 21, 2015
-
Korean Air wraps up 2015 mission of planting love, hope
From small communities in Korea to flood-stricken Nepal, Korean Air wrapped up its annual mission to support people in need around the world, fulfilling its corporate responsibility as the nation’s largest air carrier. Employees of Korean Air pose for photo after planting trees in the Baganuur Desert in Mongolia. Korean AirAccording to the company, it has completed a series of sharing projects to relieve the pain of people suffering from poverty and isolation through joint efforts by its senior
IndustryDec. 21, 2015
-
[Photo News] Mobile carriers prep for holidays
MOBILE CARRIERS PREP FOR HOLIDAYS — Korea’s three major mobile carriers SK Telecom, KT and LG Uplus said Monday in their respective statements that they would closely monitor and manage communication infrastructure, including base stations, across the nation during the year-end holiday season when telecom and data traffic are expected to surge much more than usual.(SKT) MOBILE CARRIERS PREP FOR HOLIDAYS — Korea’s three major mobile carriers SK Telecom, KT and LG Uplus said Monday in their resp
TechnologyDec. 21, 2015
-
KOGAS denies report on gas field investment in Iran
Korea Gas Corp. on Monday denied a local report that it plans to invest in South Pars gas field in Iran, making it the first Korean company to invest in the Middle East country that had been slapped with international economic sanctions over its nuclear program.According to local reports quoting officials at the Trade Ministry, the state-run company recently sent its officials to discuss ways to invest in the world’s largest gas field, which has been running behind in its development schedule du
IndustryDec. 21, 2015
-
[Photo News] LG robotic vacuum cleaner with augmented reality
ROBOTIC VACUUM WITH AR TECH -- LG Electronics said Monday it would unveil the Roboking Turbo Plus, a robot vacuum cleaner equipped with augmented reality technology, at the International CES, the world’s largest electronics trade show to be held in Las Vegas from Jan. 5-8. (LGE) ROBOTIC VACUUM WITH AR TECH -- LG Electronics said Monday it would unveil the Roboking Turbo Plus, a robot vacuum cleaner equipped with augmented reality technology, at the International CES, the world’s largest electr
TechnologyDec. 21, 2015
-
‘Distriparks’ at heart of mission to create East Asian maritime hubs
More and more companies are eyeing Korea’s hinterland industrial-commercial complexes, which grant not only geographical benefits for logistics traders but also various tax perks to the residing firms. The “Distripark” sites, once simply storage or logistics-related locations, are rapidly becoming hot spots for multi-business and residential areas of the seashore.According to the Ministry of Oceans and Fisheries, more than 145 companies have decided to nestle in the country’s four major complexe
IndustryDec. 21, 2015
-
Household debt burden grows in 2014
An average Korean household spends nearly 24 percent of its total disposable income on meeting debt obligations data showed Monday, amid concerns over record-level household debt. As of March, an average Korean household has 342 million won ($290,800) in total assets, 61.8 million won in debt and an annual disposable income of 39 million won. All three grew modestly from a year ago, but the income marked the fastest gain of 2.7 percent. (123rf)These are some of the key findings contained in
Dec. 21, 2015
-
Seoul, Beijing hold EEZ talks Tuesday
The vice foreign ministers of South Korea and China will hold maritime demarcation talks in Seoul on Tuesday for the first time since 2008, as the two neighbors remain poles apart over how to address their overlapping exclusive economic zones.The talks were arranged after Chinese Premier Li Keqiang proposed the early resumption of the official talks during his summit with President Park Geun-hye in Seoul on Oct. 31. The talks, which used to be director-general-level, have been elevated to the vi
Foreign AffairsDec. 21, 2015
-
[Editorial] For-profit hospitals
The government has approved the establishment of Korea’s first foreign-owned for-profit hospital. The green light, given to a Chinese investor, is expected to encourage more foreign investment in hospital construction in Korea. Foreign-owned hospitals will create many high-powered jobs, but policymakers should ensure that they do not destabilize Korea’s health insurance system. The first foreign-owned hospital will be set up on Jejudo Island by Greenland Group of China, a state-owned Fortune Glo
EditorialDec. 21, 2015
-
[Editorial] Timely upgrade
Global rating agency Moody’s upgrading of Korea’s sovereign credit rating last weekend could not have come at a better time for the nation. Moody’s on Saturday raised Korea’s sovereign rating by one notch from “Aa3” to “Aa2,” the highest-ever rate Korea has received from an international rating agency. “Aa2” is the third-highest class in Moody’s rating system. Among the G20 countries, only seven other countries, including the United States, Germany and Canada, have been given “Aa2” or higher rat
EditorialDec. 21, 2015
-
POSCO E&C to build landmark in Busan
POSCO Engineering & Construction is taking on the challenge of building Korea’s tallest residential apartment complex --“LCT The Sharp” -- near Haeundae, Busan. It was chosen in July to undertake the construction. The apartment complex will consist of three buildings, a 411.6-meter, 101-story landmark tower and two 85-story residential apartments both 339.1 meters high.The landmark tower will house an observatory, a tourist hotel run by Lotte Hotel and a residence hotel for long-term stay. The t
IndustryDec. 21, 2015
-
[David Ignatius] Obama’s calculus on the ‘caliphate’
WASHINGTON -- To Republican presidential candidates who were denouncing President Obama Tuesday night for not fighting harder against the Islamic State, there’s an obvious if unspoken answer: Obama doesn’t think this is an existential battle that’s worth the cost to America of an all-out war. You can disagree with Obama’s cost-benefit calculus, and with his past decisions on Syria and Iraq that got us to this point. But it’s evident that he has carefully weighed the dilemma of deeper U.S. invol
ViewpointsDec. 21, 2015
-
Actress Kim Jung-eun to marry in March
Actress Kim Jung-eun, 39, will tie the knot in March next year. Following a local media report on her upcoming wedding, Kim released an official statement saying she will marry her boyfriend of three years next March. Kim‘s boyfriend is a Korean-American working at a foreign financial institution in Korea. Kim publicly acknowledged their relationship in June. The wedding date and venue have yet to be confirmed, but it will be a small wedding in the U.S., with only family and relatives invited.
TelevisionDec. 21, 2015
-
[Ned Forney] The better angels of our nature
With only a few days left before Christmas and the New Year, people around the world -- regardless of race or religion -- are busy preparing for celebrations, festivals, and family gatherings. It’s a special time to be with loved ones, share blessings, and reminisce. But as we enjoy the holiday season, it’s easy to forget about those who have lost one of the foundations of humanity’s very existence – place. Whether it’s a metropolis of 20 million, a coastal hamlet, or a mountain village, the pl
ViewpointsDec. 21, 2015
-
Revolt of anxious American middle class
The great American middle class has become an anxious class — and it’s in revolt. Before I explain how that revolt is playing out, you need to understand the sources of the anxiety. Start with the fact that the middle class is shrinking, according to the Pew Research Center. The odds of falling into poverty are frighteningly high, especially for the majority of the population who lack college degrees. Two-thirds of Americans are living paycheck to paycheck. Most could lose their jobs at any time
ViewpointsDec. 21, 2015