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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AI textbook bubble could burst, expert warns
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'Smart pill'? ADHD treatment prescriptions spike this year
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Man calls 119, found dead 1 week later because officials went to wrong place
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Performance pay at local banks triggers resistance
(123RF)In an effort to boost the competitiveness of domestic banks, financial authorities have decided to introduce a performance-based evaluation and to gradually discontinue the conventional salary class system, starting with state-run banks within the year. Labor unions, however, are arguing that the performance-related pay is incompatible with the banking industry. The Financial Services Commission said Monday that it will announce within the year a set of plans to expand the performance-bas
Nov. 16, 2015
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Smartphone banking subscribers top 60m
(123RF)The number of subscribers for South Korean mobile banking services reached 60 million in the third quarter, central bank data revealed on Monday. According to the Bank of Korea’s July-September quarterly report on online banking, the number of smartphone banking subscriptions for 16 commercial banks operating here and the Korea Post reached a combined 60.08 million as of end-September, up 4.4 percent over the previous quarter. As of end-September, 62.3 percent of all 115.3 million Intern
Nov. 16, 2015
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Abuse of antibiotics for children’s ear infection rampant
Antibiotics are prescribed for children suffering from acute ear infection too rampantly in South Korea with the rate reaching 84.2 percent, a report showed Monday.Of 7,610 medical facilities nationwide, more than eight out of 10 prescribed antibiotics for children suffering from the infection, the Health Insurance Review and Assessment Service said. The rate, however, marked a slight annual decrease since 88.7 percent in 2012, although still high compared to other countries like the Netherlands
Social AffairsNov. 16, 2015
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Who is to blame for ‘violent’ protests?
On a chilly Saturday night, downtown Seoul turned into a battlefield between antigovernment protestors and the police in the largest rally held in seven years. At the forefront of the battle were 20-something police conscripts armed with shields and helmets. Looking frightened, they confronted protestors of similar age who took to the streets against the government’s push to reintroduce state-authored history textbooks. “I was too afraid to be there. ... I was pushed for one hour by angry protes
Social AffairsNov. 16, 2015
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Park vows to join global terror fight
President Park Geun-hye on Sunday pledged to join a global campaign against terrorism as world leaders renewed efforts at a meeting in Turkey to thwart the Islamic State and foreign jihadist fighters in the wake of the Paris attacks claimed by the extremist group. At the Group of 20 summit in Antalya, she also displayed her resolve to ramp up humanitarian assistance to Syria, Afghanistan, Iraq and countries that provide shelter to those who have fled their conflict-stricken homes, calling terror
Foreign AffairsNov. 16, 2015
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‘Less favoritism will enhance entrepreneurship’
There should be less favoritism toward incumbent firms in order to enhance entrepreneurship, according to an industry expert. Philip Auerswald, founding executive director of the Global Entrepreneurship Research Network, speaks at the Startup Istanbul 2015 Conference.“Giving less favor to incumbent companies is the most critical element to support entrepreneurship so that new firms will have more room to grow, said Philip Auerswald, founding executive director and the cochair of the Global Entre
IndustryNov. 16, 2015
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Floating over the DMZ
Four kilometers wide and 240 kilometers long, the Demilitarized Zone serves as a buffer between North and South Korea, which technically remain at war. Heavily fortified with landmines and barbed wire, the strip of land is guarded by millions of soldiers and entrenched artilleries on both sides. The decades-old military tensions, consequently, have made the DMZ one of the world’s best-preserved sanctuaries for thousands of natural species. South Korean artist Choi Jae-eun believes this rich ecos
PerformanceNov. 16, 2015
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Samsung eyes biopharma lead
SONGDO, Incheon -- At the Samsung BioLogics headquarters based in Songdo, Incheon, a set of conference rooms have taken on a rather unconventional naming scheme. The first room begins with Songdo, continuing on to South Korea and Asia, and out to the world’s five oceans and six continents. What follows? The highest peaks located on each continent such as Mount Everest in Asia and North America’s Mount McKinley. “It reflects the company’s aim to expand globally and to leave a noteworthy footprint
IndustryNov. 16, 2015
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Korea to punish online malls for deceptive displays
Korea’s Fair Trade Commission will penalize the country’s four leading online shopping malls for deceptive display of products, the antitrust watchdog said Monday. The firms ― Gmarket, Auction, Interpark and 11st ― have been under investigation for allegedly labeling products as “best goods” or placing them at the top of their respective websites in exchange for advertising fees. “The FTC is in the final stage of completing an investigation into the unfair practices of online marketplaces. We ar
IndustryNov. 16, 2015
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Samsung's CEO salaries drop on reduced incentives
Samsung Electronics’ three co-CEOs were found Monday to have seen a drastic drop in their compensations this year. According to the company’s regulatory filing, vice chairman Kwon Oh-hyun, the highest-paid CEO, received a total salary of 3.82 billion won ($3.25 million), including 2.23 billion won in bonus, over the nine months that ended in September. The figure compared with 6.25 billion won he received during the same period last year. CEO Yoon Boo-keun, head of the consumer electronics busin
TechnologyNov. 16, 2015
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Lotte founder sues CEOs of 7 subsidiaries
Lotte Group founder and general chairman Shin Kyuk-ho filed a lawsuit against the CEOs of seven Lotte subsidiaries on charges of obstructing business, according to a law firm representing Shin on Monday. The law firm DW Partners said it lodged a complaint against Lotte Shopping CEO Lee Won-joon and Lotte Corporation’s Noh Byung-yon for underreporting capital losses for their business in China, which disrupted the founder’s ability to make operational decisions. In the complaint filed with the Se
IndustryNov. 16, 2015
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[Photo News] Book a table with app
BOOK A TABLE WITH APP -- Mobile platform developer SK Planet said Monday its restaurant recommendation application Syrup Table, which has surpassed 12.5 million downloads so far, now offers a restaurant booking service for subscribers. (SK Planet)
TechnologyNov. 16, 2015
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[Photo News] Mid-range two-tub washer
MID-RANGE TWO-TUB WASHER — LG Electronics releases a mid-end variant of the Tromm Twin Wash, a front-load washer that features a top-load machine on the bottom. The new Twin Wash, priced at 2.3 million won ($1,960) -- 500,000 won less than the high-end version -- comes in white with a 16-kilogram front-loader and a 3.5 kg top-loader, which can run simultaneously or separately. (LGE)
TechnologyNov. 16, 2015
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Talk of Ban’s trip to Pyongyang resurfaces
Talk of U.N. Secretary-General Ban Ki-moon’s visit to Pyongyang resurfaced Monday following a news report of a trip, possibly this week, to help set the stage for addressing a set of North Korea issues including its nuclear program. U.N. Secretary-General Ban Ki-moon attends the G-20 summit in Turkey on Sunday, local time. (Yonhap)Yonhap news agency reported that the South Korean secretary-general would visit the North’s capital city after his plan to travel to the North fell through in May due
North KoreaNov. 16, 2015
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Park discusses economic resilience with world leaders
President Park Geun-hye met with leaders of the United States and other major countries on Monday to discuss how to strengthen the resilience of the world economy on the second day of the G-20 summit in Turkey.Park plans to call for a faithful implementation of measures to cope with offshore tax evasion, Cheong Wa Dae, South Korea's presidential office, said ahead of the summit.The measures are set to be adopted on the second and last day of the G-20 summit in the Mediterranean resort city of An
Nov. 16, 2015
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Apple likely to adopt OLED for more devices
The market for organic-light emitting diodes will likely gain more steam in the next couple years as more device-makers, including Apple, are forecast to roll out their next flagship smartphones and smartwatches fitted with the flexible display, according to sources.Even though handset manufacturers will not immediately drop the traditional liquid crystal displays from their devices, they will opt for OLEDs for products such as foldable tablets in two or three years, they forecast.California-bas
TechnologyNov. 16, 2015
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Park's approval rating sinks by 13% in stronghold
President Park Geun-hye's job approval rating plunged by 13 percentage points on her home turf over a controversial remark on the upcoming general elections, a poll showed Monday.A poll released by polling agency Realmeter showed 57.5 percent of people in Daegu and the surrounding North Gyeongsang Province approved of the job Park is doing, down from 70.5 percent a week earlier.The result followed Park's remark made during a regular Cabinet meeting last week urging the public to vote for "sincer
PoliticsNov. 16, 2015
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Seoul City urges eased drone rules
Seoul City on Monday urged the central government to loosen drone regulations as part of its plans to use the unmanned aerial vehicles for the public good. The Seoul Metropolitan Government requested the Defense Ministry and Transport Ministry simplify the approvals process for drone use in cases to be used for monitoring the city’s traffic status, officials said. Under current rules, flying drones over 12 kilograms requires a permit from the Seoul Regional Aviation Administration. Regardless of
Social AffairsNov. 16, 2015
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[Bogdan Aurescu and Jose Garcia-Margallo y Marfil] Fight against terror begins anew
The terrorist attacks across Paris on the night of Nov. 13, which left at least 120 dead, are a tragic reminder of the ubiquity of modern terrorism. This year alone, violent extremists have murdered innocent people in the name of religion or politics in France, Tunisia, Kenya, Israel, Nigeria and, of course, in Syria and Iraq — just to name a few countries. Like the black plague in medieval Europe, terrorism is stalking the modern world, and eradicating it has become a global imperative. The int
ViewpointsNov. 16, 2015