Most Popular
-
1
Jimin of BTS, actor Song Da-eun suspected to be dating, again
-
2
Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
-
3
What's next for the government's push in quota hike?
-
4
Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
-
5
Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
-
6
N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
-
7
‘Malice should not undermine the system, social order,’ says Hybe's Bang
-
8
N. Korea fires short-range ballistic missiles toward East Sea: JCS
-
9
[Robert J. Fouser] Social attitudes toward language proficiency
-
10
[Graphic News] How much do Korean adults read?
-
Korea's industrial output falls 1.6% on-yr in Oct.
South Korea's industrial output dropped for the second consecutive month in October on a sharp drop in mobile devices and cars, government data showed Wednesday.Production in the mining, manufacturing, gas and electricity industries fell 1.6 percent last month from a year ago, according to the data by Statistics Korea.The figure continued its minus growth for two months in a row, following a 1.7 percent on-year drop in the previous month.From a month earlier, industrial output also backtracked 1
Nov. 30, 2016
-
Prosecutors seek 20-year prison term for former Oxy CEO
South Korean prosecutors on Tuesday sought heavy prison terms for those responsible for toxic humidifier sterilizer products that claimed many lives in the country.In the final hearing at the Seoul Central District Court, prosecutors have asked the court for a 20-year prison term for Shin Hyun-woo, a former CEO of Oxy Reckitt Benckiser, the Korean unit of a British household goods maker."The accused is the root cause of the massive tragedy," the prosecutors said. "We have no choice but to punish
CompaniesNov. 29, 2016
-
KFS strives to boost export of forest products
The Korea Forest Service is striving to boost exports of forest products through various support programs amid the sluggish global economy As of August this year, exports of forest products reached $260 million, showing little on-year improvement. Exports of wood and stone products rose by 4.5 percent and 32.4 percent, respectively, while short-term forest products such as mushrooms and potted plants dropped by nearly 20 percent. The drought during summer had led to a drop of production and a ri
IndustryNov. 29, 2016
-
[FROM THE SCENE] East Asia gears up for next industrial revolution
The Korea Herald is publishing a series of articles on the moves made by the companies and governments of South Korea, China and Japan in entering the new industry 4.0 era. This is the first installment. -- Ed. Beijing’s InnoWay, Osaka’s Knowledge Capital and Pangyo’s Gyeonggi Center for Creative Economy and Innovation are hotbeds of innovation in East Asia. These sites are where Korea, China and Japan are pinning their hopes for the fourth major upheaval in manufacturin
IndustryNov. 29, 2016
-
Samsung to announce probe results of fire-prone Galaxy Note 7 within the year
[THE INVESTOR] Samsung Electronics is expected to announce the final results of its probe into the fire-prone Galaxy Note 7 within the year, industry sources said on Nov. 29.On Nov. 11, the Korean tech giant launched a new round of investigation to find out the cause of several fires and explosions related to the bigger-screen phone together with product safety authorities and experts both in Korea and the US. Right after the first recall issued in September, the company pinpointed faulty batter
IndustryNov. 29, 2016
-
S. Korea to ban sales of Nissan, BMW, Porsche vehicles over fabricated reports
The South Korean government said Tuesday it will ban sales of six models by three foreign automakers, accusing them of fabricating reports to win sales approval from the local government.The Ministry of Environment said it detected defects in the certification documents of 10 vehicle models from the local units of Nissan, BMW and Porsche.Among them, six models -- the Infinity Q50 and Qashqai from Nissan, the X5M from BMW and the Macan S Diesel, Cayenne S E-Hybrid and Cayenne Turbo from Porsche -
IndustryNov. 29, 2016
-
Experts urge for end to illegal fishing
In a conference co-hosted by government and private organizations Tuesday, ocean experts urged stronger efforts from governments and businesses to combat unsustainable and illegal fishing across the region. Co-hosted by the Korean Ministry of Oceans and Fisheries, Environmental Justice Foundation and World Wide Fund for Nature, the two-day conference began in Seoul under the title, “Building Ocean Health: Sharing Experience to Move Toward Sustainable Fisheries Management.” &ld
BusinessNov. 29, 2016
-
[Graphic News] OECD cuts South Korea’s 2017 growth forecast to 2.6%
The Organization for Economic Cooperation and Development has cut its 2017 growth forecast for the South Korean economy to 2.6 percent from an earlier projection of 3 percent, citing slower government spending next year.In its latest global economic outlook, the OECD said Asia’s fourth-largest economy would slightly recover its growth momentum in 2018 with 3 percent growth. The global economy is expected to attain 3.3 percent growth in 2017 and 3.6 percent growth in 2018.OECD’s 2017 growth proje
Nov. 29, 2016
-
Google releases latest translation, image services in Korea
Google Korea on Tuesday unveiled its latest services -- Google Translate and Google PhotoScan -- using highly advanced operations in artificial intelligence. “The main breakthrough (of the Neural Machine Translation) is that translations are made in one sentence, rather than bits, so it’s more accurate and natural,” Barak Turovsky, a group product manager for Google Translate, told reporters through a video call from California. As for the aim of Google Translate, Turovsky said Google hopes to
IndustryNov. 29, 2016
-
Samsung puts transition process on fast-track
In a widely anticipated move, Samsung Electronics said Tuesday that it would review creating a holding company, increase cash returns to shareholders and have at least one outside director as part of efforts to enhance shareholders’ value. The announcement comes nearly two months after a proposal by US activist hedge fund Elliott Management to reshape its corporate structure. On Oct. 6, Elliott, through its affiliates -- Blake Capital and Potter Capital -- sent a letter to Samsung Electronics’ b
IndustryNov. 29, 2016
-
Korea Forestry Service awards examplary exporters
The Korea Forestry Service and the Korea Forestry Promotion Institute held its flagship awarding ceremonies recently for companies that have excelled in exporting forest-related products and paving way for the industry’s wider overseas advances, officials said Tuesday.The 2016 Forestry Products Pioneering Contest was held for the first time in August in a bid to foster overseas market entries of fresh, quality forestry goods. First Prize -- Kyungsan Hanbang Daechu by Kyungsane Farming Associati
IndustryNov. 29, 2016
-
Korea Industrial Complex Corp. backs auto exporters in Vietnam
Korea Industrial Complex Corp. aims to increase its support for auto parts exporters looking to increase sales to Vietnam, the state-run corporation said Tuesday. KICOX is a government agency set up in 1997 to support companies in industrial complexes here. Since 2010, the corporation has carried out diverse programs to support auto parts companies in Changwon, South Gyeongsang Province. It has built a network with Vietnamese regional governments, the automobile manufacturers’ association and au
IndustryNov. 29, 2016
-
S-Oil offers research funding for promising scientists
Korea’s oil refiner S-Oil has provided research grants totaling 275 million won ($235,000) for promising scientists as part of its annual programs to support basic science, the company said Tuesday. S-Oil CEO Othman Al-Ghamdi (left) awards prizes to the recipients at the 6th Dissertation of the Year Awards held in Seoul, Tuesday. (S-Oil)S-Oil Science Prodigy and Culture Foundation, a non-profit organization established by the refiner, offered the scholarships to 10 young scientists in its 6th D
IndustryNov. 29, 2016
-
Posco holds 2016 Partners’ Day to mark shared growth
Posco on Tuesday hosted its 2016 Partners Day to laud the efforts of shared growth and reward excelling companies.Posco Chairman Kwon Oh-joon delivers a speech at the company’s 2016 Partners Day event in Seoul, Tuesday. (Posco)The eighth annual event held at Posco Center was attended by Posco Chairman Kwon Oh-joon, outside figures such as Korea Commission for Corporate Partnership Chairman Ahn Choong-young and some 120 company officials and representatives of suppliers, client companies and part
CompaniesNov. 29, 2016
-
KDB completes financial connections across Southeast Asia
South Korea’s state-run financier has established connections across Southeast Asia to export its know-how on development finance to other countries.The Korea Development Bank announced last week that it has signed a memorandum of understanding with Sarana Multi Infrastruktur, or SMI, its Indonesian counterpart to open a local operational office named “Korea Desk” in Jakarta. The KDB’s Korea Desk will be installed in the headquarters of SMI, and the two banks agreed to work together on project f
Nov. 29, 2016
-
High global liquidity would help Kospi escape ‘Boxpi’ in 2017: expert
Backed by expanding fiscal spending in advanced economies, global investors are highly likely to hunt for riskier assets that would boost stock markets around the world next year, said a securities brokerage firm based in Seoul. Hanwha Investment & Securities forecast the global economy would have a modest but stable growth next year due to huge investments in infrastructure and fiscal spending by governments, despite high political uncertainties remaining in many parts of the world. “At least,
Nov. 29, 2016
-
Korea ready to back US infrastructure plan
South Korea’s trade minister vowed Tuesday in a meeting with US business representatives to provide policy support to boost Korea-US bilateral cooperation in line with the new US administration’s future drive in infrastructure and manufacturing.Joo Hyung-hwan, minister of trade, industry and energy, said he is seeing new opportunities in US President-elect Donald Trump’s campaign pledge to spend $1 trillion in infrastructure projects in the next five years to prop up the US economy.Joo Hyung-hwa
IndustryNov. 29, 2016
-
Rates for household loans inch up in Oct.
Bank lending rates on new household loans edged up in October and interest rates paid by banks on new deposits also increased, central bank data showed Tuesday.The average interest rates on fresh household loans extended by local banks came to 3.08 percent last month, up 0.05 percentage point from the previous month, according to the Bank of Korea (BOK).The BOK data came a week after the government vowed to introduce the debt service ratio in early December, a new early warning system for potent
Nov. 29, 2016
-
Latest study links level of education to high blood pressure
The level of received school education matters most when it comes to reducing the risk of high blood pressure, a medical study suggested Tuesday, breaking the conventional notion that illnesses are closely tied to income.A research team led by Lee Hae-young of Seoul National University Hospital looked into health conditions of 7,089 people from 2001-2007 to find correlations between hypertension and the level of education and income.The study discovered that the number of patients with high bloo
TechnologyNov. 29, 2016
-
Korea's imports of Iranian crude more than double in Q3
South Korea's imports of Iranian crude oil soared in the third quarter of this year from a year earlier following the lifting of international sanctions against the Middle East country, government data showed Tuesday.A total of 29.8 million barrels of crude oil was imported from Iran during the July-September period, soaring 147.7 percent from 12 million barrels tallied over the same period last year, according to the data compiled by the Ministry of Trade, Industry and Energy.Iran had been one
IndustryNov. 29, 2016