Most Popular
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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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North Korean trash balloons cross border day after Seoul military parade
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Prosecution closes 'Dior bag' case amid opposition uproar
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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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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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[Kim Seong-kon] Understanding uniquely American things
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Ministry confirms irregularities in national soccer coach hiring
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Koreans’ average work hours still second-longest in OECD
South Koreans work the second-longest hours among OECD countries, but with relatively low labor productivity, recent data showed. Statistics compiled by the Paris-based club of advanced economies show that the average South Korean -- including salaried employees, self-employed and part-timers -- worked 2,124 hours in 2014, up 45 hours from the previous year. This marks 1.2 times, or 354 hours, more than the average for the 34 Organization of Economic Cooperation and Development member countri
Social AffairsNov. 2, 2015
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Ministry pushes ahead with state textbook
The government said Monday it would expedite the schedule to confirm reinstatement of government-issued history textbooks from Thursday to Tuesday, prompting a flurry of protests with the main opposition party vowing a boycott of parliamentary sessions. Prime Minister Hwang Kyo-ahn and Education Minister Hwang Woo-yea will hold a briefing at Seoul Government Complex at 11 a.m. Tuesday, according to the Prime Minister’s Office, where the government will confirm the policy to revise the publicatio
Social AffairsNov. 2, 2015
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China’s proposal for EEZ talks sparks Ieodo concerns
China urged an early resumption of official maritime demarcation talks with South Korea during a summit in Seoul on Friday, Beijing’s Foreign Ministry said Monday, sparking concerns that the talks could rekindle the dispute over Ieodo, a rock in the East China Sea. President Park Geun-hye and Chinese Premier Li Keqiang pose for a photo before their talks at Cheong Wa Dae last week. (Yonhap)The ministry revealed its proposal in a press release on its website. Seoul did not mention the proposal in
Foreign AffairsNov. 2, 2015
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Cautious hopes raised for Japan ties
Cautious optimism emerged for relations between South Korea and Japan, after their leaders agreed Monday to “speed up” negotiations to address one of the thorniest bilateral issues -- Japan’s wartime sexual enslavement of Korean women.Analysts said the first summit between President Park Geun-hye and her Japanese counterpart Shinzo Abe was meaningful in itself, as it would offer some momentum toward normalizing relations, which have been strained by historical and territorial disputes. “The two
Foreign AffairsNov. 2, 2015
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Hanjin founder Cho’s biography published
Hanjin Group, the operator of the country’s largest airline Korean Air, has released a biography of the group’s late founder Cho Joong-hoon, the firm said Monday.The group held a ceremony to commemorate the publication of “Business as an art,” which depicted Cho’s management philosophy and foundation spirit as part of a project to mark the company’s 70th anniversary. “The biography contains hitherto unpublished stories and pictures that help the readers understand Korea’s economic and diplomatic
IndustryNov. 2, 2015
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Mobile accounts for 25 percent of Kosdaq trading
An increasing number of stock investors in Korea are using mobile gadgets, including smartphones and tablet PCs, for their trading, the Korea Exchange said Monday.The mobile-based equity trading is particularly prevalent on the secondary tech-heavy KOSDAQ. The ratio of “buy or sell” orders via mobile gadgets to the total came to a record of 25.06 percent as of Oct. 28, compared to 21.27 percent at the end of 2014.In 2010, the KOSDAQ saw the share of mobile trading stay at 3.8 percent. Most of th
Nov. 2, 2015
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Credit card service fees for SMEs to be slashed
(123RF)The financial regulator and the ruling party agreed Monday to lower credit card fees for small businesses from early next year to lighten their financial burden. Financial Service Commission officials who attended a meeting to discuss the issue said the government decided to cut credit card commission rates from 1.5 percent to 0.8 percent. The beneficiaries include family-owned or self-employed small enterprises with a maximum annual revenue of 200 million won ($175,000), according to the
Nov. 2, 2015
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[Newsmaker] Turkey's ruling party sweeps election
Turks woke on Monday to a country once again under the sole control of President Recep Tayyip Erdogan’s Justice and Development Party, which swept back into power in a surprise election win seen as a crucial test for the troubled nation.The AKP party founded by the divisive strongman, who has dominated Turkish politics for more than a decade, won 49.4 percent of the vote to secure 316 seats in the 550-member parliament with nearly all votes counted, easily enough to form a government on its own.
World NewsNov. 2, 2015
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[Herald Interview] Korean artist Yang Haegue holds first solo museum show in China
BEIJING -- Artist Yang Haegue is one of the most visible Korean artists in the international art scene nowadays. Her works were exhibited at major Western art institutions, including the Museum of Modern Art and Guggenheim Museum in New York, the Modern Museum in Sweden, Vienna Biennale and Lyon Biennale -- all within this year. She opened her first museum show in China on Oct. 30, bringing some 36 major works spanning from 1994 to the present, at the Ullens Center for Contemporary Art in Beiji
PerformanceNov. 2, 2015
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Fare exemptions weigh down Seoul subway’s massive deficit
The increasing number of those taking subways for free, mostly seniors, has contributed to subway operators’ rising deficits, officials said Monday.According to the Seoul Metropolitan Government, 7 of 9 Seoul subway lines recorded about 425 billion won ($373.5 million) in deficit last year, showing little improvement from previous years.Of them, subway Line No. 3 which runs from Ilsan, Gyeonggi Province, to Ogeum in southwestern Seoul through central and southern portions of the capital recorded
Social AffairsNov. 2, 2015
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[Photo News] LG's portable printer enjoys popularity
PORTABLE PRINTER APPEALS TO CUSTOMERS -- LG Electronics said Monday that the cumulative sales of its mobile printer Pocket Photo has crossed 1.3 million units worldwide -- 80 percent of that in Korea and China -- since the release of the portable printer in September 2012. (LGE)
TechnologyNov. 2, 2015
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SK Planet sues Kakao over mobile map services
Mobile platform developer SK Planet said Monday that it has sued Loc & All, a mobile navigation service firm and subsidiary of mobile messenger operator Kakao, for unauthorized use of its mobile map database.The company -- which runs mobile navigation app T-Map and compiles and provides a digital map database for corporate customers -- announced it has filed a lawsuit at the Seoul Central District Court. Mobile navigation app Kimgisa. (Loc & All)SK Planet had opened up some of its T-Map mobile m
TechnologyNov. 2, 2015
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[Photo News] Chinese P.M. visits innovation center
LI VISITS CREATIVE CENTER -- KT chief executive Hwang Chang-gyu (center) introduces an iris recognition solution to Chinese Premier Li Kequiang at a creative economy center run by the Korean mobile carrier in Gyeonggi Province on Monday. The Korean government and Korean conglomerates established 17 creative economy centers across the nation to support start-ups. (KT)
TechnologyNov. 2, 2015
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Ericsson-LG names new CEO
Patrick Johansson, new chief executive of Ericsson-LG. (Ericsson-LG)Network equipment developer Ericsson-LG said Monday that the board of directors has appointed Patrick Johansson, vice president of the firm’s business unit radio, as new chief executive of the company. Johansson, who will be responsible for all Ericsson-LG business operations in Korea, joined Ericsson in 1997 and has since then held various management positions and served as a board of director member for Ericsson-LG from 2012.I
TechnologyNov. 2, 2015
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SKT seeks to expand presence in pay TV
South Korea’s No. 1 mobile carrier SK Telecom said Monday that it would acquire CJ Hellovision, the Internet television service affiliate of CJ Group, with aims to strengthen its dominance in media platform services. The telecom company said it will acquire a 30 percent stake in CJ Hellovision owned by CJ O Shopping, the group’s home-shopping unit, for 500 billion won ($438 million) immediately. The remaining 23.9 percent stake will be acquired in a call option deal also for 500 billion won thre
TechnologyNov. 2, 2015
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Hanwha Q Cells to build new solar plant in Texas
Hanwha Q Cells USA Corp. said Monday it will start construction of a new 170-megawatt solar plant in the United States after sealing a power purchase agreement with Texas-based Austin Energy. The upcoming solar plant will be built on roughly 580,000 square meters of land in western Texas to generate enough electricity to supply around 1 million people, according to Hanwha. The 10.86MWdc Maywood Solar Farm built by Hanwha Q Cells in Indianapolis (Hanwha Q Cells) Austin Energy said it will purcha
IndustryNov. 2, 2015
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TV show ‘Real Men’ cast member injured in car accident
Comedian Kim Young-chul in military reality show "Real Men" (MBC)Comedian Kim Young-chul, currently a regular on MBC reality show “Real Men,” will not be able to appear on the show’s next episode due to a fractured finger resulting from a car accident.Two vehicles occupied by the “Real Men” cast and staff, including Kim, were involved in a five-way collision on the highway from Daegu to Pohang, North Gyeongsang Province, on Monday at 6 a.m., according to local police. Some 20 victims, including
TelevisionNov. 2, 2015
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New app aims to reduce athlete injuries, boost performance
In 2011, South Korean soccer forward Shin Young-rok, who played for Jeju United in the K-League, fell unconscious after suffering a heart attack during a match. The ill-fated striker, previously considered a rising star in the country’s professional soccer league, had to announce his retirement at the early age of 24 to receive long-term medical treatment. While small to big injuries are inevitable in sports, the development of technologies can now help young, competent athletes like Shin stop w
BusinessNov. 2, 2015
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[David Ignatius] Awkwardness steals the stage
“That’s awkward.” This surely was the response of many viewers watching the chaotic, ill-moderated GOP debate Wednesday night. But maybe its weirdness became the debate’s selling point. Advertising experts say that awkwardness is a peculiar attribute of the national mood these days. Many television commercials end with a deliberately awkward moment, where the characters make nonsequiturs, or say things that make others uncomfortable, or otherwise look like miscast nerds. The point is: awkwa
ViewpointsNov. 2, 2015