Most Popular
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Debate on 'no-seniors zones' heats up
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S. Korea, Cambodia forge strategic partnership
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Is NewJeans headed for a long 'break'?
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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[Video] This ‘treadmill’ is a VR-FPS game
Shot by Lim Jeong-yeo / Edited by Lim Jeong-yeo Numix Media Works’ Quantum VR Treadmill is a virtual reality first person shooter game that gives a realistic game experience of walking through a jungle, in the space and through a maze of monsters.The treadmill was unveiled for the first time at the NEXT Content Conference at Coex in Samseong-dong, southern Seoul on Monday and Tuesday. A visitor to the NEXT Content Conference tries out the Quantum VR Treadmill (Lim Jeong-yeo/The Korea Herald) Han
TechnologyOct. 24, 2017
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Asiana passengers given waiver on security interviews at airport for US trips till April
Asiana Airlines Inc., South Korea's second-biggest airline, said Tuesday that Washington accepted its request to delay the implementation of a strengthened security check of its passengers bound for the United States.On June 28, the US Transportation Security Administration asked 180 airlines in 105 countries to carry out a thorough pre-flight security check of passengers through interviews and screening.It called on companies to apply for a delay in the implementation and give the reasons for t
IndustryOct. 24, 2017
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[Management in Korea] Time for Korean bigwigs to make their cultures global
Management in Korea is a regular column written by the members of Egon Zehnder Seoul touching on various aspects of Korean enterprises and business leaders and offering management tips. -- Ed.Given that Korea’s population is only about 50 million, the country’s largest companies have long understood that their ambitions could only be reached by developing into truly global organizations. And many Korean enterprises have done exactly this. Not just the most well-known chaebol like Samsung, Hyunda
IndustryOct. 24, 2017
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Diageo gets younger with low-alcohol W Signature 12
Spirits maker Diageo said Tuesday that it is hoping to expand its presence in the low-alcohol whisky market with the introduction of its new product, W Signature 12.“(W Signature 12) will allow us to solidify our position in the low-alcohol spirits market following on the heels of our 17-year product,” said Cho Kil-soo, the CEO of Diageo Korea, at a press conference held at the British Embassy in Seoul.“I believe that W Signature 12 will become a product that will represent a safe, smart choice
IndustryOct. 24, 2017
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South Korea to tighten loan rules to curb household debts
The South Korean government on Tuesday came up with a comprehensive scheme to curb the nation’s whopping level of household debt by tightening loan availability for multiple-home owners and categorizing borrowers’ financial capacities to encourage debt repayment.The regulations is a follow-up to the Aug. 2 real estate measures and aimed to crub the mounting household debt hovering at nearly 1,400 trillion won. “The household debt issue is one of the core risks to our economy, a
EconomyOct. 24, 2017
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[Monitor] Younger generation taking out more loans
An increasing number of younger people are taking out loans from lenders, according to data released by Rep. Um Yong-soo of the Liberty Korea Party during the parliamentary audit session.Using the numbers given by the Bank of Korea, Rep. Um said that the household debt held by those aged 30 and younger increased by 28.6 trillion won ($25.3 billion) between January and June this year from the previous six-month period. Another set of data released by Rep. Je Youn-kyung of the Democratic Party of
EconomyOct. 24, 2017
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KITA chairman resigns over discord with Moon Jae-in government
The Korea International Trade Association announced that its chairman, Kim In-ho, formally tendered his resignation during a board meeting held at the Trade Tower in Seoul on Tuesday, despite his term not officially expiring until February next year. ”I am resigning because of the new government,“ said Kim, during a press conference held at the Trade Tower on Tuesday. Kim told reporters that he recently received a message from the government asking him to resign from his post. He, however, refus
IndustryOct. 24, 2017
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LG's floating speaker
LG Electronics’ Bluetooth speaker features levitating technology that enables the speaker portion to float in the air above the woofer station, allowing better sound quality in 360 degrees, the company said Tuesday. LG launched the product in Korea at the price of 369,000 won ($327), following its initial launch in the UK in August. (LG Electronics)
TechnologyOct. 24, 2017
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[Newsmaker] Korean researchers develop blood test technology to predict Alzheimer’s
Researchers in South Korea have developed a new technology that can predict the onset of Alzheimer’s disease through a blood test before the physical symptoms start to show, paving the way for early diagnosis and treatment planning. Alzheimer’s is a neurological disorder in which the death of brain cells causes memory loss and cognitive dementia. It is a progressive disease without a cure, and dementia symptoms worsen over time. Scientists do not have a clear answer yet as to what causes Alzhe
TechnologyOct. 24, 2017
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Korean mobile carriers to face off in 5G at global forum
South Korean mobile carriers SK Telecom and KT are planning to showcase their efforts related to the fifth-generation network at an international forum in an ongoing competition to commercialize the network as an industry first, according to the two companies Tuesday. SKT will unveil its research achievements in the commercialization of the 5G network and core technologies at the Next Generation Mobile Networks conference set to kick off in Seattle on Wednesday. The NGMN is an international orga
TechnologyOct. 24, 2017
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Samsung, TUV SUD develop testing program for automotive LED components
South Korean tech behemoth Samsung Electronics said Tuesday it has developed a new testing program for automotive light-emitting diode components in partnership with TUV SUD, a global technical services provider of quality, safety and sustainability solutions. The two companies held a ceremony to unveil the testing program at the headquarters of TUV SUD Korea in Seoul. The Samsung-TUV SUD agreement marks the first time in the industry that an automotive LED component manufacturer has partnered w
TechnologyOct. 24, 2017
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Seoul stocks hit fresh all-time high on earnings hope
South Korean stocks finished at a fresh record high Tuesday as institutions and individuals scooped up market heavyweights on earnings expectations, analysts said. The won rose against the dollar.The benchmark Korea Composite Stock Price Index edged up 0.44 point, or 0.02 percent, to close at 2,490.49. The gain was bolstered by robust third-quarter earnings expectations, with a slew of major firms set to release their business performances this week for the July-September period.Trade volume was
MarketOct. 24, 2017
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Daewoo E&C creates book tunnel for Delight Square
Newly designed walls have been created in an underground tunnel that connects a subway station and a shopping mall in Seoul, according to Daewoo Engineering & Construction on Tuesday.The underpass, which connects Hapjeong Station on Subway Lines No. 2 and No. 6 and the shopping center Delight Square, features shelves filled with replicas of books. Daewoo E&C, which built Delight Square, has dubbed it a “book tunnel.” An interior view of an underground tunnel between Delight Square and Hapjeong
IndustryOct. 24, 2017
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KSFC head named sole candidate for KRX chief
Jung Ji-won, chief executive officer of Korea Securities Finance Corp., was named Tuesday as the single candidate for the new chairman of the Korea Exchange, the operator of the Kospi and Kosdaq. The Busan-based KRX announced Jung had become the sole candidate after interviewing Jung and his contender Choi Bang-gil, former chief executive at Shinhan BNP Paribas Asset Management.The announcement came about two months after former Chairman Jeong Chan-woo offered to step down from the post on
MarketOct. 24, 2017
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Samsung, Apple face new legal battle over patent damages
Samsung Electronics and Apple’s six-year legal battle over design patent infringement is headed back to the original court. Judge Lucy Koh of the US District Court for the Northern District of California ordered Sunday night that a new trial will begin to look into whether Apple’s $399 million award for Samsung’s design patent infringement should stand. The trial is opening 10 months after the US Supreme Court in December sent back the case, saying Samsung may not be liable for all of the $399 m
IndustryOct. 24, 2017
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Foreign makers keep eye on changes in smartphone distribution
Foreign smartphone makers are keeping a close eye on local lawmakers’ moves to reform smartphone distribution channels in Korea in hopes of further penetrating the market dominated by Samsung and LG. Currently, the Korean smartphone market is dominated by two local firms -- Samsung Electronics with a 63.8 percent share and LG Electronics with 11.8 percent. Apple holds an 11.9 percent share, while other brands have little presence, according to Rep. Byun Jae-il of the ruling Democratic Party of K
IndustryOct. 24, 2017
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Hyundai Glovis raises W50b to support partners, workers
Hyundai Glovis, the logistics unit under Hyundai Motor Group, created a fund worth 50 billion won ($44 million) to support its partner companies and workers, the company said Tuesday.Hyundai Glovis plans to spend 23 billion won to secure safety measure and the welfare of the workers in the logistics industry, while spending 20 billion won to financially support its small- and mid-sized partner companies. Participants attend an event on Sept. 21 to celebrate Hyundai Glovis’ project to invest 50 b
IndustryOct. 24, 2017
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BMW Korea to enhance hands-on experiences
German luxury car brand BMW’s sales unit in Korea is moving to upgrade dealership spaces to offer customers hands-on experience with the brand’s products.BMW Korea currently operates two BMW MINI City Lounges in the country. The German carmaker’s showrooms allow customers to check out both BMW and MINI vehicles, as well as the brands’ products, the company said. A customer experiences a BMW vehicle using virtual technology at BMW MINI City Lounge at Starfield Hanam (BMW Korea)“Customers will be
IndustryOct. 24, 2017
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About half of salaried workers paid less than W2m per month: data
Nearly half of South Korea's salaried workers were paid 2 million won ($1,772) or less in monthly wages during the first six months of this year, government data showed Tuesday.About 32.6 percent of the country's 19.7 million salaried workers were paid between 1-2 million won per month while 10.4 percent received less than 1 million won, according to the figures by Korea Statistics. About 27.3 percent were paid 2-3 million won, 14.9 percent 3-4 million won and 14.8 percent over 4 million won. Th
EconomyOct. 24, 2017
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Legislator calls for measures to revive Gwangyang Port
GWANGYANG -- A ruling party legislator called Tuesday for urgent measures to revive Gwangyang Port, a major seaport in South Korea whose cargo processing volume is rapidly diminishing.Rep. Lee Gae-ho, elected from the constituency including the southern city of Gwangyang, said the volume of cargo handled at the port has fallen for five consecutive years. "There were less than 2.3 million TEUs processed at Gwangyang last year, and the goal for 2.33 million TEUs this year is also unlikely to
EconomyOct. 24, 2017