Most Popular
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Yoon warns North Korea against nuclear attack attempt
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AI textbook bubble could burst, expert warns
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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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Prosecution closes 'Dior bag' case amid opposition uproar
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North Korean trash balloons cross border day after Seoul military parade
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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Court confirms sentence for rapper who attempted to evade national service
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[Photo News] Armed Forces Day
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Park to attend G20, APEC, ASEAN summits
President Park Geun-hye will visit Turkey, the Philippines and Malaysia starting this weekend to participate in multinational summits including the G20 and other regional dialogues, Cheong Wa Dae said Sunday. President Park Geun-hye YonhapPark’s first stop will be Antalya, Turkey on Nov. 15-16 to attend the G20 summit, said senior presidential secretary on foreign affairs Kim Kyou-hyun at a press briefing.She will then fly to Manila in the Philippines from Nov. 17-19 to take part in the Asian-Pa
NationalNov. 8, 2015
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Home affairs minister resigns for elections
Home Affairs Minister Chong Jong-sup, who was recently slammed for allegedly breaking political neutrality, offered to resign from his post Sunday, joining scores of other former Cabinet members preparing to run in next year’s general elections. “After watching the speculation surrounding my position, I decided it was the right time to offer my resignation, as I believe continuing such a situation is not appropriate for the sake of the administration’s operations,” Chong said in a press conferen
PoliticsNov. 8, 2015
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National Assembly faces rough sailing over budget
Parliamentary sessions are set to resume this week after the main opposition party withdrew its six-day legislative boycott over the weekend, but prospects remain bleak as rival parties brace for heavy negotiation over key bills and next year’s budget. Starting from Monday, the lawmakers are set to jump-start their review of the government’s proposal for the 2016 budget and resume their discussion on plans to determine electoral maps for the 2016 general election. The rival parties are to hol
PoliticsNov. 8, 2015
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Google, Tesla, others wait for DMV’s self-driving rules
SAN JOSE, California ― When the Florida Highway Patrol pulled him over this month for driving too fast, Brooks Weisblat didn’t bother telling the officer that his Tesla Model S had been driving itself.“That would have definitely got me a ticket,” said Weisblat, who got a warning notice instead.Florida doesn’t have a driver’s handbook dictating robot rules of the road. No state does, but California could become the global model next year when it publishes first-in-the-world consumer rules for sel
MobilityNov. 8, 2015
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Lotte emerges as biggest M&A spender
Lotte Group was the top spender for mergers and acquisitions among the country’s business groups over the past six years, industry data showed Sunday. South Korea’s fifth-largest conglomerate has signed 21 buyout deals worth some 7.6 trillion won ($6.6 billion) since January 2010, according to the data by corporate researcher CEO Score.The amount accounts for 20.2 percent of the 37.78 trillion won for 239 acquisition deals signed by the nation’s top 30 firms.Lotte’s decision to take over Samsung
IndustryNov. 8, 2015
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Plug-in hybrid to become buzzword in 2016
In the aftermath of the Volkswagen emissions-cheating scandal, carmakers ― both foreign and domestic ― are rushing to introduce more environmentally friendly cars, in particular, plug-in hybrid electric vehicles, next year. “Of course it would be more eco-friendly if we could have the full-electric vehicles because they emit no greenhouse gas at all. But given the situation that EVs are pricier and generally cannot run a long distance on a single charge, PHEVs are considered the optimal product
MobilityNov. 8, 2015
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Creators lower expectations for ‘Reply 1988’
The “Reply” TV drama series from cable channel tvN has been hugely successful, evoking nostalgia in viewers by accurately and comically depicting Korean culture and everyday life in the 1990s.The success of the first two primetime installments of the trilogy not only made their leading female stars, Jung Eun-ji and Go A-ra, household names, but also boosted former cable underdog tvN into a prominent original content producer.But series producer Shin Won-ho has low expectations for the third fami
TelevisionNov. 8, 2015
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Fortune hails new LG OLED TV
Fortune Magazine published an article praising the new 65-inch LG EF9500 TV.In its Oct. 30 edition, writer Don Reisinger hailed the new LG TV, saying that it “makes every other TV set I’ve ever watched look, well, ugly.”He also added that “the TV delivers visual quality beyond anything I’ve ever experienced”, and said the high dynamic range technology “topped the list” against other 4K TVs.HDR is a technology that increases the contrast between dark and light on a screen to deliver colors in bet
IndustryNov. 8, 2015
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Pressure grows on Volkswagen as bad news piles up
The fallout from Volkswagen’s emissions-cheating scandal intensified Wednesday, as investors bailed out and European regulators pressured VW to quickly disclose the findings of an internal investigation. In the U.S., the company halted sales of seven models that allegedly were part of the cheating.On Tuesday, VW admitted that it had understated the carbon dioxide emissions for 800,000 cars, widening the scope of a scandal that has forced the ouster of a CEO and prompted investigations and lawsui
IndustryNov. 8, 2015
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Hanmi licensing deal creates millionaire children
Hanmi Pharmaceuticals chairman Lim Sung-ki’s seven grandchildren have become millionaire stockholders following the company’s mega licensing deal, news reports said Sunday.Hanmi Pharmaceuticals had announced a license agreement of 3.9 billion euros ($4.2 billion) with French drug company Sanofi to develop diabetes drugs on Thursday.According to market researcher chaebul.com on Friday, the seven grandchildren held stocks worth 109.4 billion won ($94.9 million).One of the stockowners is Lim’s 12-y
IndustryNov. 8, 2015
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Corporate rating drops hit 17-year high
Low profitability -- mainly caused by the protracted slump in the nation’s exports -- is undermining the credit standings of more companies this year, according to the three major local ratings agencies.Korea Investors Service revised down the ratings of 45 firms -- mostly affilites of conglomerates -- over the past 10 months.The 2015 figure has already surpassed the 33 posted in 2008 and 34 in 2009, when the global financial crisis hit the nation. The 45 in downgrading recorded as the highest n
Nov. 8, 2015
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Seoul expands support for Manila to protect Koreans
Following a number of violent crimes against Korean tourists and residents in the Philippines in recent years, the Korean National Police Agency announced on Saturday it will increase the numbers of agents on its special task force teams to help the Philippine police tackle the problem. The plan was announced during a meeting between Kang Sin-myeong, the commissioner general of the Korean National Police Agency, and his Filipino counterpart Ricardo C. Marquez, the chief of the Philippine Nation
Social AffairsNov. 8, 2015
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[Photo News] Samsung smartwatch lures Middle East
SAMSUNG SMARTWATCH LURES MIDDLE EAST -- Samsung Electronics said Sunday that it would run the Galaxy Studio in Dubai until Oct. 21 to showcase its Samsung Gear S2 smartwatch featuring a round face for the first time in the Middle East. (Samsung)
TechnologyNov. 8, 2015
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[Photo News] LG OLED eyes European market
LG OLED EYES EUROPEAN MARKET -- LG Electronics said Sunday it will run the OLED TV Roadshow until Nov. 16 at Beaugrenelle, a shopping mall in Paris, where the firm will promote its organic light-emitting diode TVs. (LGE)
TechnologyNov. 8, 2015
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Exposing ‘invisible’ male sex workers in South Korea
Some 10 years since South Korea enacted its antiprostitution law, new forms of sex trade have continued to evolve in legal loopholes, including sex services for women and overseas prostitution. With the law vocally opposed by an increasing number of sex workers, its efficacy has constantly been questioned. The Korea Herald will publish a three-part series shedding light on the hidden side of Korea’s sex industry. The following is the first installment. -- Ed. At first glance, he looks like an or
Social AffairsNov. 8, 2015
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Wireless carriers seek to gain upper hand in pay TV market
Given the saturated wireless network market, Korean mobile carriers have been shifting their focus to pay TV in an effort to secure new revenue sources. Pay TV services including Internet Protocol TV or cable TV are among those areas where the network providers have been competitively trying to increase their presence in recent years. The latest move was made earlier this week by SK Telecom, the largest mobile carrier in Korea in terms of subscribers, when it announced that it would take over c
TechnologyNov. 8, 2015
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Samsung tops smartphone sales in 5 major global markets
Samsung Electronics topped smartphone sales charts in five global markets in the July-September period, according to an industry report Sunday.The tech giant took the top spot in five regions -- Western Europe, Asia-Pacific, Central and South America, Eastern Europe and the Middle East and Africa.Samsung shipped a total of 83.8 million smartphone units during the three-month period -- 15.3 million in Western Europe, 23.2 million in Asia-Pacific, 11.8 million in Central and South America, 69 mill
TechnologyNov. 8, 2015
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[Robert B. Reich] The rigging of the American market
Much of the national debate about widening inequality focuses on whether or how much to tax the rich and redistribute their income downward. But this debate ignores the upward redistributions going on every day, from the rest of us to the rich. These redistributions are hidden inside the market. The only way to stop them is to prevent big corporations and Wall Street banks from rigging the market. For example, Americans pay more for pharmaceuticals than do the citizens of any other developed nat
ViewpointsNov. 8, 2015
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[Editorial] Ugly fight
It is not unusual for the central government and local governments to clash over policy priorities. It is the same between provincial and metropolitan governments and smaller local governments like counties, which are called “gu” or “gun” here. But the seemingly perennial confrontations and mutual accusations we see between the Seoul Metropolitan Government and Gangnam-gu, the posh commercial and residential district in the heart of the capital, sicken many. Both Seoul Mayor Park Won-soon and G
EditorialNov. 8, 2015