Most Popular
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Yoon warns North Korea against nuclear attack attempt
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Seoul mayor suggests shift in immigration policy
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'Smart pill'? ADHD treatment prescriptions spike this year
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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Man calls 119, found dead 1 week later because officials went to wrong place
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Court rules Itaewon tragedy was 'foreseeable'
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Wellness Seoul 2024 to highlight healthier, balanced living
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Korean firms cautious over Fed hike
In contrast to the central bank’s upbeat forecast of the U.S. rate hike on the Korean economy, the business circles here remained cautious on Thursday, devising ways to minimize the impact in the mid and long term. (Yonhap)The impact of the U.S. Fed hike -- the first in nearly a decade -- will not be felt right away, market watchers said, as the South Korean central bank is keeping its key interest rate at a record low level. However, many Korean companies are concerned about its global impact,
IndustryDec. 17, 2015
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'Home’ will drive 2016 consumer trends: survey
Pressed for time and short on money amid an economic downturn, South Koreans today tend to seek sanctuary from the hustle and bustle of daily life at home -- a place of comfort where one can unwind and rest freely. As Koreans increasingly feel busy, anxious and short of money to spare, many are likely to spend more time at home next year, according to the 2016 Korea Trend Report by market researcher Macromill Embrain. “Home” is thus a key concept that will shape and drive consumption patterns ne
IndustryDec. 17, 2015
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SUPPLY TO THAILAND
Golfzon CEO Jang Sung-won (right) shakes hands with Sikorn Cheeranavanit, CEO of Chunbok Co., a Thai tech company, after signing a contract to supply 100 golf simulators to Thailand at a ceremony in Bangkok on Wednesday. Golfzon
IndustryDec. 17, 2015
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Hyundai Steel loses suit over state’s carbon credit quota
Korean conglomerate Hyundai Steel lost its suit against the state’s move to allocate carbon credits to businesses, a court announced Thursday. The Administrative Court dismissed the steelmaker’s request to revoke the Environment Ministry’s action to allocate a set amount of carbon credits to the company. This is the first verdict released over the controversial carbon credit quota after a number of companies filed lawsuits against the state to nullify the carbon credit move earlier this year. In
Social AffairsDec. 17, 2015
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Samsung Securities launches convenient investment service
Samsung Securities is offering the “POP Fund Selection” -- annuity equity balanced-fund of funds -- a re-indirect fund for more convenient investment opportunities, company officials said.The officials said POP Fund Selection is run by Shinhan BNPP in accordance with Samsung Securities’ asset portfolio strategy. The fund analyzes promising investments based on research forecasts, incorporates appropriate domestic funds and invests money into them. A model advertises Samsung Securities’ annuity s
IndustryDec. 17, 2015
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LG OLED TV to shine in Super Bowl
Tech behemoth LG Electronics said Thursday it would run its first TV marketing campaign during the 2016 Super Bowl to be held in Santa Clara, California, in February next year.The Seoul-based tech giant has joined hands with movie director Ridley Scott’s production company RSA Films to produce the TV commercial to promote the firm’s organic light-emitting diode TV technology. Film directors Ridley Scott and Jake Scott pose at a production studio for LG Electronics` Super Bowl commercial. (LGE)So
TechnologyDec. 17, 2015
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SK Telecom rolls out new mobile plan for foreigners
Targeting the growing number of foreign residents in Korea, wireless carrier SK Telecom launched a new mobile plan for foreigners Thursday.SKT’s new mobile scheme, dubbed the Band Data Global Pack, allows foreign subscribers to make unlimited domestic calls to both mobile and landline phones as well as free international calls -- for either 150 minutes or 400 minutes -- with mobile apps for international calling, including SK Freecall, OTO and NINHAO. An SK Telecom employee and a foreign custom
TechnologyDec. 17, 2015
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[David Fogarty] Paris agreement kick-starts global energy revolution
The world has just signed one of the most important agreements in history. More than just an environmental pact, the Paris climate change agreement will kick-start a global energy revolution. Nearly 200 nations in Paris have signed on to an agreement under the United Nations Framework Convention on Climate Change that the world has to go on a carbon diet, signaling an end to dirty fossil fuels and deforestation, and giving green energy a big boost. Every year, we pump far more carbon dioxide i
ViewpointsDec. 17, 2015
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[Chon Shi-yong] Mavericks in Korean politics
On the surface, Ahn Cheol-soo left the New Politics Alliance for Democracy party because leader Moon Jae-in did not accept his demand to elect new leadership to reform the party beset by successive election defeats and severe internal feuding. But one of the real reasons may be that he came to realize the party would be unable to provide the platform he needed to achieve his dream of becoming president. He did say the NPAD did not have any chance of ending the rule of the conservative Saenuri P
ViewpointsDec. 17, 2015
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Tackling plastic waste, in honor of Paris pact
On Sept. 15, 15 retailing companies joined hands to launch the no-plastic bag campaign, urging consumers to bring their own bags when shopping at their venues on the 15th of each month. In return, additional discounts are on offer at some shopping centers. These retailers also plan to step up the efforts, by increasing the number of no-bag shopping days. For weeks, TV channel Thai PBS has launched the anti-plastic bag campaign. Celebrities have shown their faces, telling the sad stories about
ViewpointsDec. 17, 2015
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Privileges make mockery of the public
Last Saturday, EBC broadcast footage of a road block on Freeway No. 3 resulting from Democratic Progressive Party vice-presidential candidate Chen Chien-jen’s motorcade passing through for an election campaign event. The fuming passenger who shot the video footage complained that politicians seemed to forget that ordinary citizens also have their own business to conduct and schedules to accede to. It was not immediately clear whether Chen was aware that the cordon had been put in place for him
ViewpointsDec. 17, 2015
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Braced for Fed move
The rupiah fell to as low as 14,120 against the U.S. dollar on Monday, in part due to the U.S. Federal Reserve starting its monthly meetings on Tuesday, because the majority of analysts around the world are expecting the U.S. central bank to finally raise its benchmark interest rate, which is currently close to zero, by at least a quarter of a percentage point. Currencies and stocks in most other emerging economies are also on a roller coaster again as things remain in flux after several postpo
ViewpointsDec. 17, 2015
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The Fed’s new normal and fiscal policy
Wednesday’s announcement that the Federal Reserve will raise its benchmark interest rate by a quarter of a percentage point may be the most widely anticipated news in the history of U.S. monetary policy. Had Fed Chair Janet Yellen said anything else, investors would have been stunned. All the pre-event chatter made the move mandatory. Fortunately, the decision was also correct, because slack in the labor market has diminished to the point where monetary policy needs to gradually get back to nor
ViewpointsDec. 17, 2015
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Gyeonggi Center for Creative Economy & Innovation actively supporting startups ⑤ NexSys
NexSys specializes in IoT-based wearable devices, and based on the potential of its LTE-based image solution technology, the young company was chosen to join the startup incubation program at the Gyeonggi Center for Creative Economy & Innovation last October.The first product launched by NexSys is the “Smart Helmet,” which is a helmet equipped with an HD camera on the front that transmits image data via the LTE network. The transmitted image is then analyzed by a control center and stored on a s
TechnologyDec. 17, 2015
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Park Tae-hwan's doctor fined for injecting banned substance
The doctor of suspended swimmer Park Tae-hwan was fined on Thursday for injecting a banned substance that eventually caused the Olympic gold medalist to fail a doping test. The Seoul Central District Court ordered the doctor, a 46-year-old surnamed Kim, to pay a fine of 1 million won ($850) for failing to leave records of injecting Park with Nebido, which contains testosterone, a substance banned by the World Anti-Doping Agency. The court said the doctor had failed to properly explain that the
Social AffairsDec. 17, 2015
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Seoul shares up 0.3% in late-morning trade
South Korean stocks rose 0.31 percent late Thursday morning after the U.S. Fed's rate hike drove out uncertainties hanging over the market, analysts said. The benchmark Korea Composite Stock Price Index added 6.05 points to 1,975.95, as of 11:20 a.m. Local shares started 0.87 percent higher, cheering the rate hike by the long-anticipated level of a quarter point to 0.25-0.50 percent and the subsequent overnight rally on Wall Street. But the index pared part of its earlier gains, as foreigners
Dec. 17, 2015
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U.S. rate hike poses little immediate danger: BOK chief
South Korea's top central banker said Thursday the U.S. rate hike poses little to no immediate danger for the local economy, maintaining that the rate hike had long been anticipated and accounted for. The Bank of Korea governor said the country should rather watch out for possible changes in global oil prices and the Chinese economy, both blamed for a prolonged downturn in South Korean exports. "We have long anticipated a U.S. rate hike, as the U.S. had strongly suggested that it would raise i
Dec. 17, 2015
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Corporate sales continue to shrink in Q3
Revenues by South Korean companies continued to dwindle in the third quarter partly due to weak exports, but the rate of the decline slowed while the firms' overall financial stability improved on better profitability, central bank data showed Thursday. In the three months ended Sept. 30, sales of South Korean firms slipped 1.6 percent from the same period last year, decelerating from a 4.3 percent on-year drop in the previous quarter, according to the Bank of Korea. Sales of large companies d
Dec. 17, 2015
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[Photo News] Asiana chief delivers lecture for teens
Asiana Airlines CEO Kim Soo-cheon (center) poses after delivering a lecture for teens about the importance of pursuing dreams before searching for their career path at the annual Asiana Dream Festival, jointly organized by the air carrier and Seoul Cultural Foundation on Tuesday in Seoul. (Asiana Airlines)
IndustryDec. 17, 2015
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Seoul to keep pushing for improved ties with Pyongyang: minister
South Korea will continue efforts to improve ties with North Korea despite last week's failed talks, Seoul's point man on Pyongyang said Thursday. The two-day high-level talks ended Saturday with no agreements on pending bilateral issues or plans for further talks. The South demanded regular reunions for families separated in the 1950-53 Korean War, while the North insisted the two sides resume tours to Mount Kumgang, a lucrative source of income for the North. "Our government wanted to hold e
North KoreaDec. 17, 2015