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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All-new BMW 7 Series goes on sale in Korea
German carmaker BMW debuted its new 7 Series in Korea on Wednesday, setting a goal of winning back the top post from Mercedes-Benz in the luxury large sedan market here. Korea is the fourth-largest market in the world for BMW 7 Series. BMW’s flagship sedan, however, has fallen behind the Benz’s S-Class since 2013 mainly as the model was being phased out. “We expect to gain growth momentum again (in the segment with the new 7 Series),” Ian Robertson, a board member and the head of sales and
MobilityOct. 14, 2015
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‘Korea suffers as China reduces imports of intermediate goods’
South Korea has faced a critical barrier in exports to China over the past decade as the Asian superpower has enhanced its policy to curb imports of intermediate goods, a Bank of Korea research report claimed Wednesday.Korea had enjoyed huge shipments of intermediate products, including knockdowns, before completion of assembly in China, which actively utilized its labor workforce at dirt-cheap rates from the late 1970s to the late 1990s, said the central bank report.It said the giant importer,
Oct. 14, 2015
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[Photo News] German president at LG Display
TechnologyOct. 14, 2015
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Japan holding firm ousts Lotte chief
Lotte Group chairman Shin Dong-bin on Wednesday was evicted from his executive position at Kojyunsya -- the virtual holding company of Lotte Group in Korea and Japan -- which could deal a blow to his plans of being the sole leader of the 90 trillion won ($78 billion) business enterprise. He was replaced by Tetsu Isobe as a new board director, while his elder brother SDJ Corporation chairman Shin Dong-joo was appointed representative director of Kojyunsya at the five-member shareholders meeting i
IndustryOct. 14, 2015
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Korea's mega-hit game 'Crossfire' goes Hollywood
Korean game developer Smilegate Group is teaming up with Hollywood production company Original Film for the big screen adaptation of its mega-hit shooting game “Crossfire.”This is the first time for a Korean-made game to be adapted for the silver screen. Launched in 2007, “Crossfire” was the world’s top-grossing online game last year, raking in 1.5 trillion won ($1.3 billion) in global sales. The number of concurrent users exceeds 6 million, the largest figure for a single game. Smilegate said W
TechnologyOct. 14, 2015
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Seoul to raise fighter tech transfer despite grim outlook
Defense Minister Han Min-koo is expected to reiterate his request this week to reconsider Washington’s refusal to transfer technologies essential for Seoul’s fighter jet initiative, officials said Wednesday, despite the murky prospects for a reversal. Han will meet with his U.S. counterpart Ash Carter while accompanying President Park Geun-hye on her trip to Washington, which includes a stop at the Pentagon. The Defense Ministry and the state-run Defense Acquisition Program Administration have c
DefenseOct. 14, 2015
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KBS World Radio to hold walkathon on Oct. 24
KBS World Radio, the foreign-language radio service of KBS, will hold a walkathon event at the Peace Plaza in Olympic Park in Jamsil, southern Seoul, on Oct. 24 to mark the 40th anniversary of its Arabic service, officials said Wednesday.The event is open to anyone wishing to enhance his or her understanding of Arab countries and build friendship with them. It is expected to be attended by some 1,000 participants including Arab fans of Korea’s pop culture, the organizers said.The participants wi
Social AffairsOct. 14, 2015
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Korea to give monthly stipends to young farmers
The South Korean government has announced it will disburse 800,000 won ($693) each month to young farmers starting next year.The Ministry of Agriculture, Food and Rural Affairs said it will select 300 youths at a farming contest and financially support them for two years for their farming business.This is the first time that the government is providing assistance to young farmers.The government added that youths who do not farm four years after receiving assistance will be required to reimburse
IndustryOct. 14, 2015
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[NEWS ANALYSIS] Elder brother ups ante in Lotte feud
Lotte Group founder’s first son Shin Dong-joo is stepping up his counterattack against younger brother and group chairman Shin Dong-bin, who he believes stole his legitimate crown in the succession process.The underdog gained momentum when Kojyunsya, the virtual holding company of Lotte Holdings in control of Lotte affiliates in Korea and Japan, supported his move to expel the chairman from its board at a shareholders meeting on Wednesday in Tokyo.But it remains to be seen whether the older brot
IndustryOct. 14, 2015
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[Cass R. Sunstein] Nobel winner shows we’re helping the wrong people
Presidential candidates from both parties are focusing, as usual, on the middle class. But what’s that? And why, exactly, does it deserve such attention? Princeton’s Angus Deaton, who on Monday was announced as the latest winner of the Nobel Prize for economics, has offered some intriguing answers. The most important is this: If you care about how people actually experience their lives, you should be concerned about people who earn less than $75,000 per year. Above that amount, Deaton’s evidenc
ViewpointsOct. 14, 2015
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[David Ignatius] A cyclone brews over Saudi Arabia
An internal political storm is roiling Saudi Arabia, as the crown prince and his deputy jockey for power under an aging King Salman -- while some other members of the royal family agitate on behalf of a third senior prince who they claim would have wider family support. For the secretive oil kingdom, whose internal debates are usually opaque to outsiders, the recent strife has been unusually open. The tension between Crown Prince Mohammed bin Nayef and his deputy, Mohammed bin Salman (the king’s
ViewpointsOct. 14, 2015
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[Kim Ji-hyun] Osaka mayor’s gender bias
Toru Hashimoto, the mayor of Japan’s third-largest city Osaka, is something of a revolutionary. I say revolutionary because this man has single-handedly blazed several new trails in Japanese politics. One of them involved trying to enforce radical changes to streamline Osaka City’s civil service. Although unsuccessful, the overture deserves praise for its practicality and antibureaucratic nature. This time, Hashimoto has cofounded a new party -- the Osaka Ishin no Kai. Pundits believe the par
ViewpointsOct. 14, 2015
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[Editorial] Crime inside military prison
An imprisoned Army sergeant who committed abuses that led to the death of an Army private in April 2014 is alleged to have committed similar abuses on fellow prison inmates. Identified only by his last name Lee, the sergeant is reported to have sexually harassed, attacked and committed other acts of cruelty against at least three inmates from February to August this year before the matter was brought to light. Lee was moved from an eight-person cell to a single-person cell in August. Lee receive
EditorialOct. 14, 2015
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[Editorial] What’s the rush?
In announcing the reintroduction of state-written history textbooks starting in 2017 — state-authored history books were imposed in 1974 during the time of President Park Chung-hee, father of President Park Geun-hye, and state-reviewed textbooks were revived in 2011 — the Education Ministry said that the move was necessary as the current textbooks contain numerous factual errors and offer mostly leftist perspectives of history. Since the Education Ministry is responsible for reviewing history t
EditorialOct. 14, 2015
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Start-up incubators encourage entrepreneurs to overcome fear of failure
Global venture incubators advised start-up wannabes to do something for failure rather than for success to disrupt the market. Participating in Startup:CON 2015, a start-up conference organized by the Korea Creative Content Agency and the Ministry of Culture, Sports and Tourism on Wednesday, Luke Iseman, start-up incubator Y Combinator’s director of hardware, said those who want to make hits in the start-up scene have to be “crazy about what they do to change the world.”Luke Iseman, start-up inc
TechnologyOct. 14, 2015
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[Photo News] Samsung showcases future display
SAMSUNG SHOWCASES FUTURE DISPLAY -- A model poses with a transparent OLED display produced by Samsung Display at the International Meeting on Information Display 2015, an annual conference for the display industry held from Wednesday to Friday at KINTEX in Ilsan. (Samsung Display)
TechnologyOct. 14, 2015
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Comic books and the joys of doing nothing
Two pairs of visitors are reading at comic book cafe Jeulgeoun Jakdang (which means "a merry gang" in Korean) on a Monday afternoon. (Rumy Doo/The Korea Herald)To reach Jeulgeoun Jakdang, you go down a narrow staircase located in a hidden corner of Hongdae, take off your shoes, slip into a set of snug slippers and push open a red door. The space that greets you inside is something like a very homey library, with cushioned seats, blankets and rows of shelves filled with comic books. Visitors -- w
CultureOct. 14, 2015
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Hyundai seeks shared growth with suppliers through R&D festival
Hyundai Motor, Korea’s largest automaker, is looking to pursue shared growth with its suppliers and partners through its annual R&D tech festival, taking place at the company’s Namyang R&D Center until Saturday. The event, which kicked off Wednesday at the center in Hwaseong, Gyeonggi Province, is a forum for showcasing, analyzing and sharing insights on the latest auto component technologies and trends in the automobile industry, according to Hyundai.Visitors to this year’s Hyundai Motor R&D M
MobilityOct. 14, 2015
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[Photo News] Innovation Award
INNOVATION AWARD -- POSCO chairman and CEO Kwon Oh-joon (left) received the Steelie Award for “Innovation of the year” for the company’s lean duplex stainless steel with super ductility using a strip-casting process at the 49th annual conference of the World Steel Association held in Chicago on Monday (local time). POSCO
IndustryOct. 14, 2015
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Two More Super Junior members head to military
Another member of Super Junior is to begin his mandatory military service on Thursday, becoming the eighth member of the all-boy group to do so. Donghae, 30, will enlist on Thursday, following Eunhyuk who joined the army on Tuesday. (SM Entertainment)Donghae will serve as a conscripted policeman, a substitute to active duty in armed forces, after the completion of four weeks of basic training at a boot camp in Nonsan, South Chungcheong Province. Siwon, another member, is scheduled to follow sui
PerformanceOct. 14, 2015