Most Popular
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AI textbook bubble could burst, expert warns
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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Samsung tightens its belt amid crisis winds
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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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Ex-presidential official’s leaked phone call rattles conservative bloc
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Man escapes DUI charges by downing bottle of soju while pulled over
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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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Pay debate plagues foreign nanny pilot
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Samsung showcases new Tizen smartphone
South Korean tech giant Samsung Electronics Co. unveiled its latest Tizen-powered smartphone Wednesday as part of efforts to boost sales in India and its neighboring countries. The Samsung Z3, an upgrade from the Samsung Z1 released earlier this year, runs on the Tizen platform developed by Samsung, which is based on Google Inc.'s Android platform. Samsung said shipments of the Samsung Z1, which went on sale in India, Bangladesh and Sri Lanka in January, reached 1 million units as of end-Jun
TechnologyOct. 14, 2015
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South Korea, China stand against distortion of history: Chinese ambassador
South Korea and China won't tolerate any attempts to deny history, Beijing's top envoy to Seoul said Wednesday, in a thinly veiled swipe at Japan. "The people of our two countries will never allow any act that denies and distorts, even beautifies, the history of aggression," Amb. Qiu Guohong said during the opening ceremony of a photo exhibition marking the 70th anniversary of the end of World War II. Although he did not mention Japan by name, his remarks were an apparent criticism of the ne
Foreign AffairsOct. 14, 2015
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North Korea yet to miniaturize nuke warhead for ICBM
North Korea has yet to master the skills needed to make nuclear warheads small enough to fit onto inter-continental ballistic missiles, Vice Defense Minister Baek Seung-joo said Wednesday. In the massive military parade marking the ruling party's foundation anniversary last Saturday, North Korea displayed the KN-08 ICBMs tipped with a round warhead alongside 30 other types of weapons. The North introduced the missiles in the parade as one of the "diversified and miniaturized" strategic rocke
North KoreaOct. 14, 2015
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Korean video start-up teams with Yahoo Japan to help small businesses
Korean start-up Shakr, a video-making platform for small businesses, has taken its next step in global expansion with an exclusive partnership with Yahoo Japan. The strategic content deal allows Japanese small business owners to create their own video ads through the portal, the country’s most visited website, on the new platform Yahoo Japan Video Creator, which is powered by Shakr and launched last month.Shakr CEO David Lee poses ahead of an interview with The Korea Herald at the company`s o
TechnologyOct. 14, 2015
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Ex -STX chief Kang hints at rebuilding troubled conglomerate
Former STX Group chairman Kang Duk-soo said Wednesday that he would think about rebuilding the troubled conglomerate whose some of its major affiliates suffering liquidity shortages and mounting debts.Kang made the remarks after being released from prison in the day following a higher court's decision to give a suspended sentence to him for embezzlement and negligence of duty. The Seoul High Court sentenced the business tycoon, who headed the group from 2003 to February 2014, to three years in
IndustryOct. 14, 2015
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[Newsmaker] Is Korea’s most-wanted conman really dead?
The purported death of Cho Hee-pal, the mastermind behind South Korea’s largest-ever fraud case, returned to the spotlight as his close aide was arrested in China last week, with fresh testimonies suggesting he is actually still alive. Cho is one of the most-wanted conmen in South Korea, having allegedly scammed up to 50,000 people out of an estimated 4 trillion won ($3.5 billion) in a pyramid marketing scheme.Cho Hee-pal (Yonhap) The 58-year-old established a medical equipment supply company a
Social AffairsOct. 14, 2015
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Cities gear up for multicultural festivals
Vietnamese participants perform a traditional dance at last year’s GIC Day. (GIC)Major cities across Korea will be hosting multicultural festivals this weekend, as annual events in Seoul, Busan and Gwangju coincide. The festivals are an opportunity for foreign community groups to show off their food and culture, while residents can enjoy cultural performances, try new food for the first time and find out what the local support centers for foreign residents offer. Busan The Global Gathering will
Expat LivingOct. 14, 2015
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Korean brokerages' employees decrease
South Korean brokerage houses saw their employees decrease by more than 7,000 in the past four and a half years as the industry has undergone a wave of mergers and acquisitions (M&As), market data showed Wednesday, Yonhap News reported. The combined workforce of securities firms reached 36,078 as of end-June this year, down from 43,364 tallied at the end of 2010, according to data compiled by the Korea Capital Market Institute, according to the report. The number of brokerage firms operati
Latest NewsOct. 14, 2015
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Camarata to host fall fund-raiser next week
The Camarata Chamber Singers (CMC)Nonprofit music organization Camarata Music Company will be holding its annual fall fund-raiser next week to help fund its activities.Held in partnership with the Korea Business Leaders Alliance, the “Fall into Music” event will feature performances from the Camarata Chamber Singers, an auditioned choir of 27 singers, a performance from gayageum player Jocelyn Clark and the Camarata Jazz Duo.“It’s one of our largest events of the year. It goes a long way to help
Expat LivingOct. 14, 2015
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'Korea's domestic demand gaining ground'
South Korea's domestic demand is gaining momentum as the positive effects of the extra budget start to materialize and nationwide promotional sales events prod people to spend more, the top economic policymaker said Wednesday, according to a report. Yonhap reported that chairing a meeting of economy-related ministers in Seoul, Finance Minister Choi Kyung-hwan said private spending has recovered from the Middle East Respiratory Syndrome scare that crippled consumption and forced the government
BusinessOct. 14, 2015
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Park embarks on mission to upgrade U.S. alliance
WASHINGTON -- South Korean President Park Geun-hye started her official schedule Wednesday by paying tribute to Korean War veterans, embarking on her mission to upgrade the bilateral alliance with the U.S. amid growing concerns over a cozy relationship between Seoul and Beijing.On her second day in Washington, Park laid a wreath at the Korean War Veterans Memorial -- a monument established to honor American soldiers who served in the 1950-53 Korean War. Park’s visit to the memorial, a symbol of
NationalOct. 14, 2015
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Countries with more Internet users show longer life expectancy: study
Countries with more Internet users tend to have longer healthy life expectancies, a study showed Wednesday. According to a study conducted by the Institute for Longevity Sciences at Wonkwang University, developed countries with high Internet accessibility were found to have longer healthy life expectancies than developing countries with fewer Internet users. Healthy life expectancy refers to how long a person can be expected to live healthily without a disease.The research team analyzed the Worl
Social AffairsOct. 14, 2015
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Blue House slams NPAD’s electoral fraud allegations
WASHINGTON ― Just hours after touching down in Washington for summit talks, a presidential official lambasted an opposition lawmaker Tuesday for alleging fraud in the 2012 presidential election.Chief presidential press secretary Kim Sung-woo, accompanying President Park Geun-hye on her four-day U.S. trip, offered an impromptu briefing to the accompanying media some three hours after arrival.He slammed Rep. Kang Dong-won of the main opposition New Politics Alliance for Democracy for suggesting th
Foreign AffairsOct. 14, 2015
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62 hours’ work weekly needed to escape poverty in Korea
South Korea’s single-income households earning minimum wage with two children must work at least 62 hours a week to live above the poverty line, a new research report showed. This means whoever is in charge of the household finances must work more than 12 hours daily, if he or she is allowed to work five days a week. The report, published by the Korea Institute for Health and Social Affairs, showed that such long work hours make it impossible for income earners of such households to balance wor
Social AffairsOct. 14, 2015
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On U.S. trip, Park staying at Blair House
WASHINGTON ― South Korean President Park Geun-hye will stay at the Blair House, a state guest house near the White House in the heart of Washington, during her four-day trip to the U.S., Cheong Wa Dae said Tuesday.Amid growing interest over how Park will be treated during her “official working visit” ― one level down from a “state visit” ― the presidential office said the South Korean leader was invited to the house, calling it a barometer of how much Washington values having her here. A group
Foreign AffairsOct. 14, 2015
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JTI Korea seeks talent at job fair
Job Fair for Foreign-Invested Companies 2014(JTI Korea)Global tobacco company JTI Korea will participate in the Job Fair for Foreign-Invested Companies 2015 to offer job opportunities to talented job seekers. Hosted by the Ministry of Trade, Industry and Energy and organized by the Korea Trade-Investment Promotion Agency, the job fair for foreign-invested companies is held at Coex’s B1 Hall in Samseong-dong, Seoul, from Oct. 15-16. JTI Korea is one of the 100 foreign-invested companies to parti
IndustryOct. 14, 2015
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Challenges only beginning for state history textbook
The government’s path to reclaiming issuing rights for history textbooks from private publishers entails a myriad of tasks, such as procuring the authors and budget and getting the general education circles to fall in line. The Education Ministry on Monday announced that it would reinstate government-published history textbooks for secondary education starting in 2017. But history professors from Kyung Hee University on Wednesday announced that they would not participate as authors in the state-
Social AffairsOct. 14, 2015
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KT&G rolls out new Lamborghini
Tonino Lamborghini Gusto (KT&G)KT&G rolled out the “Tonino Lamborghini Gusto,” the latest of its Lamborghini lineup, the country’s largest tobacco maker said Wednesday. Tonino Lamborghini Gusto contains 10 percent naturally fermented Cavendish tobacco, which brings out the natural sugars in the tobacco through pressure applied during the preparation process. Cavendish tobacco is named after British colonialist Thomas Cavendish, and became a popular material for pipe smoking. “With its rich tas
IndustryOct. 14, 2015
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Siemens vows to support Korea’s smart factory plan
German industrial giant Siemens AG will boost its drive to participate in the South Korean government’s initiative to build thousands of smart factories across the nation by 2020, the firm’s president Joe Kaeser said. Siemens AG president and CEO Joe Kaeser“Siemens are ready to support Korea on its way to 10,000 smart factories,” he said during a conference hosted by the National Academy of Engineering of Korea at a hotel in Seoul, Wednesday. Smart factory use information and communications tech
BusinessOct. 14, 2015