Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Court upholds jail term for man who attempted to murder ex-girlfriend
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S. Korea to boost support for single-parent families
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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[Newsmaker] Chung Mong-joon in bid to clean up FIFA
Corruption, scandal, money laundering, internal strife, fraud, power and FBI investigations – the recent allegations surrounding FIFA have all the elements of a Hollywood movie.Chung Mong-joon (Yonhap)Oscar winner, producer and actor Ben Affleck, who is soon to be the next Batman, will produce a movie about FIFA’s alleged misdeeds over the last 20 years, recently involving the bidding processes for the Russia 2018 and Qatar 2022 World Cups. The star of this drama may play Charles “Chuck” Blazer,
SoccerAug. 17, 2015
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[Newsmaker] Park likely to improve ties with Japan
President Park Geun-hye on Saturday made a moderate response to Japanese Prime Minister Shinzo Abe’s statement Friday to mark the 70th anniversary of the end of World War II, signaling her intention to enhance relations with Tokyo.President Park Geun-hye delivers a speech to mark the 70th anniversary of Korea`s liberation from Japan`s colonial rule on Saturday in Seoul. (Yonhap)In her Liberation Day speech, she said the much-anticipated statement “did not quite live up to Koreans’ expectations.
PoliticsAug. 16, 2015
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[Newsmaker] New momentum has KAI flying high
Korea Aerospace Industries is flying high. The country’s sole aircraft manufacturer is enjoying its best ever year, with solid first-half earnings and its share price up 150 percent since January, and analysts forecast a positive outlook for the second half. This is the result of a profit increase in the firm’s exports of military planes, production of aircraft components and winning of various defense deals, which are the three pillars of the company’s revenue sources, analysts said Wednesday.
IndustryAug. 13, 2015
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[Newsmaker] Google turns a page with Alphabet
The surprise reorganization of Google under newly formed parent Alphabet gives the tech giant the ability to focus on its core business, while offering startup-like flexibility to its other projects.The announcement Monday of the new corporate structure was generally welcomed in Silicon Valley and on Wall Street, where Google shares shot up some 3.6 percent in early trade on the news.The plan calls for Alphabet to be the corporate parent, with an operating unit for Google and its related search
World BusinessAug. 12, 2015
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[Newsmaker] Daum Kakao bets on mobile biz with young CEO
Daum Kakao, the Korean Internet giant, is betting big on a new CEO who may be less experienced but full of enterprise for its next big leap in the burgeoning mobile era. The company said Monday it has named 35-year-old Rim Ji-hoon, founder of venture capital firm K Cube Ventures, to replace the current co-CEOs Choi Sae-hoon, 48, and Lee Sir-goo, 49. Daum Kakao’s new CEO nominee Rim Ji-hoonAlthough the average age of the employees at Daum Kakao is 34, a 30-something CEO is quite rare even within
TechnologyAug. 11, 2015
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[Newsmaker] Loss-laden DSME struggles to survive
The money-losing Daewoo Shipbuilding and Marine Engineering, the world’s biggest shipbuilder by order backlog, is desperately struggling to survive in the industry. The industry‘s continued slowdown and the shipbuilder’s record 3.07 trillion won ($2.65 billion) shortfall in its second-quarter operating profit for this year have spawned speculations that DSME is readying a full-fledged restructuring process.While the DSME management had refuted rumors about an imminent workforce cut, tension is r
IndustryAug. 10, 2015
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[Newsmaker] Nagasaki marks 70th anniversary of bombing
Japan on Sunday marked the 70th anniversary of the atomic bombing of Nagasaki that claimed more than 74,000 lives almost instantly, in one of the final chapters of World War II.Bells tolled and tens of thousands of people, including ageing survivors and the relatives of victims, observed a minute’s silence at 11:02 a.m., the exact moment the blast devastated the port city on Aug. 9, 1945. Japanese Prime Minister Shinzo Abe holds a wreath during a ceremony to mark the 70th anniversary of the Naga
World NewsAug. 9, 2015
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[Newsmaker] Lotte feud ignites nationality dispute
“Lotte is a Korean company.”These words of Seoul-based Lotte Group chairman Shin Dong-bin may be simple enough, but the conglomerate’s nationality is fast becoming an issue of contention.The controversy over whether Lotte is a Korean or Japanese company flared up again this week amid a bitter succession battle involving the two sons of group founder and general chairman Shin Kyuk-ho.Lotte, having foundations in both Korea and Japan, has long been plagued by this question. The two sons -- Shin Do
IndustryAug. 6, 2015
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[Newsmaker] Park's sister raises stir over Japan ties
Just as President Park Geun-hye struggles to improve the country’s relations with Japan, an unlikely figure has catapulted herself to the center of controversy by criticizing Seoul for dragging out the sex slavery rows: her younger sister, Geun-ryeong. In an interview with Japan’s video-sharing website Niconico, the 61-year-old Park Geun-ryeong said she was sorry that in most news reports South Korea blames Japan for the ongoing toil of the so-called comfort women “without itself taking greater
PoliticsAug. 5, 2015
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[Newsmaker] Obama declares climate change ‘toughest’ challenge of our time
President Barack Obama framed climate change as the toughest and most pressing challenge of our time Monday, as he unveiled the first ever limits on U.S. power plant emissions.“No challenge poses a greater threat to our future and future generations than a change in climate,” Obama said, warning: “There is such a thing as being too late.” U.S President Barack Obama speaks at a town hall at the Young African Leaders Initiative (YALI) Mandela Washington Fellowship Presidential Summit in Washington
World NewsAug. 4, 2015
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[Newsmaker] Park In-bee wins British Open for seventh major
As Park In-bee hunted down Ko Jin-young in the final stretch of the Women‘s British Open, it quickly became clear which South Korean was the rookie and which was the player about to add another chapter in golf’s record book. Park In-bee of South Korea poses with the trophy after winning the Women‘s British Open golf championship at the Turnberry golf course in Turnberry, Scotland, Sunday. AP-YonhapThe top-ranked Park picked up seven shots in her last 12 holes, pressured her 20-year-old protege s
GolfAug. 3, 2015
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[Newsmaker] Pacific trade talks fail to clinch TPP deal
WASHINGTON ― Delegates negotiating a vast Pacific free-trade agreement have failed to reach a final deal after several days of intense talks in Hawaii, dealing a setback to U.S. President Barack Obama.The delay complicates his efforts this year to secure the historic accord, which risks becoming dragged into the 2016 presidential election debate.Ministers from 12 nations negotiating a Pacific Rim trade pact hold a news conference in Lahaina, Hawaii, Friday, saying they made significant progress
World NewsAug. 2, 2015
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[Newsmaker] Beijing to host 2022 Winter Olympics
Supporters celebrate while watching a broadcast of International Olympic Committee President Thomas Bach (on screen) announcing Beijing as the host city of the 2022 Olympic Winter Games, at the Olympic Park in Beijing on Friday. (EPA-Yonhap)KUALA LUMPUR -- Beijing was selected Friday to host the 2022 Winter Olympics, becoming the first city awarded both the winter and summer games.Beijing narrowly defeated Almaty, Kazakhstan, in a vote of the International Olympic Committee. The vote was surpris
Olympic GamesJuly 31, 2015
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[Newsmaker] Mullah Omar: Taliban’s one-eyed supremo
KABUL ― Taliban chief Mullah Omar has cast a long shadow over Afghanistan ever since he led a young band of zealots to power almost two decades ago, imposing brutal Islamist rule over the country.Afghanistan on Wednesday confirmed the reclusive warrior-cleric had died two years ago in Pakistan amid frenzied speculation about his demise. An undated image believed to be showing Afghan Taliban leader Mullah Omar. Mullah Omar, the leader of the Afghan Taliban, died two years ago in Pakistan, a senio
World NewsJuly 30, 2015
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[Newsmaker] Thirty-five of Cosby's alleged victims speak out
NEW YORK -- Thirty-five women who allege they were sexually assaulted by US comedy legend Bill Cosby were united Monday on a magazine cover to tell startlingly similar stories of abuse. They include models, waitresses, Playboy bunnies and women who used to work in show business. One says he raped her while she was grief stricken over the recent death of her six-year-old son. The New York magazine cover story is the largest expose yet of alleged abuse from nearly 50 women who have publicly ac
World NewsJuly 28, 2015
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[Newsmaker] Obama focuses on S. Sudan peace
Barack Obama opened talks in Ethiopia on Monday during the first-ever trip by a U.S. president to Africa’s second-most populous nation and the seat of the African Union. Ethiopian Prime Minister Hailemariam Desalegn (right) greets U.S. President Barack Obama upon his arrival at Bole International Airport in Addis Ababa on Sunday. AFP-YonhapObama, who flew into a rainy Addis Ababa late on Sunday after a landmark trip to Kenya, his father’s birthplace, went into bilateral talks with Ethiopian Ethi
Latest NewsJuly 27, 2015
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[Newsmaker] Pearson in talks to sell 50% Economist stake
British publishing company Pearson said Saturday it was in talks to sell its 50-percent stake in The Economist Group, owner of the prestigious magazine of the same name.The Economist magazine (Bloomberg)"Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential sale of our 50 percent share in the Group," a Pearson spokesman said.The announcement comes just two days after Pearson agreed to sell the Financial Times to Japanese media group Nikkei for
World NewsJuly 26, 2015
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[Newsmaker] Apple under pressure even after record profit
Apple Inc., after posting its best fiscal third-quarter profit ever, is facing fresh questions over whether it can keep making hit products.An attendee takes a photograph with an iPhone of the Apple Watches during the Apple Inc. Spring Forward event in San Francisco, California. (Bloomberg)Even though iPhone sales climbed 35 percent to 47.5 million units in the period that ended in June, the result fell short of the 48.8 million shipments projected by analysts. That, plus a revenue forecast for
World BusinessJuly 22, 2015
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[Newsmaker] U.S., Havana renew ties despite discord
WASHINGTON -- The Cuban flag has flown proudly over Havana's newly restored embassy as the US and Cuba relaunched diplomatic ties but swiftly cautioned that sharp differences lingered after five decades of enmity.Some seven months after President Barack Obama and his Cuban counterpart Raul Castro agreed to restore ties snapped in 1961 during the Cold War, Havana and Washington reopened full embassies in the two capitals Monday.The Cuban flag flies in front of the country's embassy for the first
World NewsJuly 21, 2015
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[Newsmaker] KakaoTaxi expansion gets mixed reactions
Outside the headquarters of Daum Kakao in Bundang, Gyeonggi Province, on Monday, two groups clashed over the Korean search giant’s hot-selling taxi-hailing service, KakaoTaxi. One group, representing chauffeur service companies nationwide, protested against the company’s possible entry into a market that is crowded with smaller players, while the other group, representing their drivers, urged it to enter and solve the industry’s unfair treatment of drivers. “It is true that we are working on the
TechnologyJuly 20, 2015