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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CJ gears up for chairman’s return
South Korea’s food and entertainment giant CJ Group is set to expand investments and speed up its delayed plans to tap more markets around the world by carrying out a personnel reshuffle in March, the group said Sunday, hinting at chairman Lee Jay-hyun’s return to management. “Sales grew slightly last year but the group’s sales remained at 20-something trillion won for the last three or four years,” an official at CJ Group said. “We need to spur growth in or
CompaniesFeb. 26, 2017
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SsangYong partners Posco for safe, high performance SUV
SsangYong Motor has partnered with South Korea’s largest steelmaker Posco to roll out a premium sport utility vehicle that boasts safety and performance. The tie-up between the two firms was highlighted at the SUV Tech Forum, organized by SsangYong and Posco in Seoul on Friday, with industry experts in attendance. Slated for launch in May, SsangYong’s upcoming SUV Y400 uses Posco’s advanced high-strength steel for its vehicle frames. “Posco has researched and developed light yet safe steel pr
IndustryFeb. 26, 2017
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[Health-tech Korea] Korea's Healcerion introduces ‘next stethoscope’
The Korea Herald is publishing a series of articles highlighting South Korea’s promising start-ups in the emerging sectors of digital healthcare and next-generation medical devices. This is the second installment. –Ed.In the medical world, the stethoscope -- used to listen to the internal sounds of the human body -- has long been a symbolic tool for doctors. But a Seoul-based startup has come up with a pocket-sized ultrasound imaging device that connects to smartphones and tablets, in the hope t
TechnologyFeb. 26, 2017
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[MWC] What to expect at Mobile World Congress 2017
IT and communications industry officials walk around to register for the Mobile World Congress 2017 at the Fira Gran Via Exhibition Center in Barcelona, Spain, on Sunday. (Yonhap)BARCELONA -- With the theme of “The next element,” Mobile World Congress 2017 kicks off Monday, with around 2,200 tech firms showcasing their new devices and technologies. The biggest trends of MWC, one of the more highly anticipated tech events that happens every year in Barcelona, Spain, is likely to be artificial int
TechnologyFeb. 26, 2017
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[Behind the Wheel] New Ford Kuga SUV good, but not great
Ford Korea recently released its latest SUV model, the 2017 Ford Kuga. And while the compact SUV is a perfectly decent vehicle, it nevertheless lacks that special factor that makes shelling out nearly 40 million won ($35,300) seem like a worthwhile decision. Earlier this month, members of the media were given the opportunity to take the new Ford Kuga out for a spin on the winding, multi-terrain streets and back-alleys of Paju, Gyeonggi Province. The 2017 Kuga offers a more spacious interior an
MobilityFeb. 26, 2017
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Korean stocks are world’s most undervalued: study
Korean stocks are the most undervalued in the world, being cheaper than not only those in advanced countries but also emerging economy shares, according to local experts Sunday.According to data from Samsung Securities and local reports, the previous 12-month price-earnings ratio in the domestic stock market was 9.6-to-1, much lower than the averages of the MSCI’s emerging and advanced market indexes. (123RF)The price-earnings ratio is the ratio for valuing a company by measuring its current sh
Feb. 26, 2017
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[MWC 2017] Korean tech firms showcasing new gadgets, solutions at MWC
BARCELONA -- A slew of high-profile gadgets and solutions by Korean tech giants -- Samsung Electronics, LG Electronics, SK Telecom and KT -- are ready to grab attention at the Mobile World Congress 2017, which kicks off Monday for a four-day run. Models experience virtual reality through Samsung Electronics’ Gear VR at the VR 4D Experiential Zone at the company’s booth for the Mobile World Congress 2017 in Barcelona on Sunday. (Samsung Electronics)Samsung ElectronicsThe Galaxy S8 is not making a
TechnologyFeb. 26, 2017
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Small, midsized companies‘ wages only half of conglomerates
The average paychecks of small and midsized enterprises are only half of those provided by conglomerates, data showed Sunday, causing young jobseekers to shy away from applying for such positions.According to the research conducted by the Ministry of Employment and Labor, employees of companies with more than 300 staff made 5.61 million won ($4,960) monthly in 2015. In contrast, those working at firms with a smaller number of staffs made 3.06 million won. (Yonhap)Industry watchers said young job
IndustryFeb. 26, 2017
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Imported beer popularity soars in Korea
The demand for imported beer continues to rise in South Korea amid the increasing number of people who wish to drink alone at home, industrial watchers said Sunday. According to the data by E-Mart, a major South Korean market chain, imported brands took up 51.7 percent of its beer sales this month through Thursday, beating domestic products for the first time. Models pose with various imported beer brands at a supermarket in Seoul in this file photo released by E-Mart on Jan. 2, 2017. (Yonhap)Im
IndustryFeb. 26, 2017
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CJ poised to speed up investment as head returns from pardon
South Korea's entertainment giant CJ Group is set to speed up investment and business projects starting in March, as its chief is set to begin full-fledged activities after being released from prison by a pardon last year, industrial watchers said Sunday.CJ Chairman Lee Jae-hyun was released by a special presidential pardon in August. He was indicted in 2013 on charges of embezzlement and tax evasion, and was given 2 1/2 years in jail last year. (Yonhap)In order to normalize its businesses, CJ G
IndustryFeb. 26, 2017
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Samsung, leukemia victims still at odds over cause of disease
Samsung Electronics Co., a major global tech giant that has been embroiled in allegations that its workers on its chip production line have suffered from serious diseases, including leukemia, said Sunday the company is devoted to providing diagnoses and compensation to victims.The company denies any link between the working environment and the diseases, citing scientific data. (Yonhap)Controversy over Samsung's responsibility for workers' illnesses has been growing since 2007 after Hwang Yu-mi,
IndustryFeb. 26, 2017
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Individuals only loser in Korean stock market
Individual investors failed to enjoy profits despite the latest surge of the main bourse index, data showed Sunday, while foreigners and institutions raked in profits.According to the data compiled by market tracker FnGuide, the top 10 stocks purchased by retail investors have fallen 4.32 percent on average this year. The benchmark Korea Composite Stock Price Index hovered above the 2,100 mark for the first time in 19 months Tuesday, reflecting the robust performance of the main bourse. (Yonhap)
Feb. 26, 2017
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Special counsel to again summon Samsung heir on Sunday
Special prosecutors said Saturday they will summon the de facto leader of Samsung Group for additional questioning over his alleged involvement in the high-profile corruption scandal that has rocked the country for the past several months. Lee Jae-yong, who has already been arrested formally, will be brought to the special prosecutor‘s office Sunday to face questioning over allegations he offered 43 billion won ($36.3 million) in bribes to Park’s friend Choi Soon-sil in exchange for business fav
IndustryFeb. 26, 2017
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[Photo News] BMW on top floor
(BMW Korea)BMW Korea employees put together a complete model of the German luxury’s new BMW 5 Series that had been disassembled into some 250,000 pieces for it to be placed at the top 39th floor of the Parnas Tower in southern Seoul for a launch event that began Thursday and runs until Mar. 12. The entire disassembling and reassembling process can be seen on BMW Korea’s YouTube page, https://www.youtube.com/watch?v=S3noCuz-gNc (BMW Korea)(khnews@heraldcorp.com)
MobilityFeb. 24, 2017
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GS Group chief urges preparation for 4th industrial revolution
GS Group Chairman Huh Chang-soo has urged the group’s new executives to fully prepare for the fourth industrial revolution.“At home and abroad, the fourth industrial revolution is rapidly progressing with the spread of artificial intelligence and electric cars. This is breaking walls between industries, resulting in new industrial integrations and new competitions,” Huh recently said at a dinner with 21 new executives of the conglomerate at a resort in Jeju.“We have to deeply ponder upon how the
IndustryFeb. 24, 2017
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FSS seeks business suspension on three insurers over suicide benefits
South Korea’s financial regulator said it would seek unprecedentedly strong punitive measures against three major insurers for their failure to pay out benefits for suicide claims. (123rf)The Financial Supervisory Service said late Thursday night that it has decided to ask for suspensions against three life insurers – Samsung Life Insurance, Hanwha Life Insurance and Kyobo Life Insurance. The suspensions, subject to review by the Financial Services Commission, will ban the insurers from selling
Feb. 24, 2017
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SK executives given stock options
Top executives of SK Group, South Korea's third-largest conglomerate, have been granted stock options, the business group said Friday, a move seen as part of efforts to reinforce its corporate responsibility.Park Sung-wook, the vice president and chief executive of chipmaker SK hynix Inc., one of the group's key units, received the rights to buy a total of 298,800 shares, the company said in a statement. That is worth some 15 billion won ($13.2 million) based on the company's closing price on Th
Feb. 24, 2017
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KB Financial Group to add foreign outside director
KB Financial Group said its outside director recommendation committee has recommended Stuart Solomon, former chairman of MetLife Insurance Co. of Korea, to become the financial group’s outside director.Solomon first came to Korea in 1971 for voluntary work and built his career in the banking and insurance industry. He joined MetLife in 1995 and retired from his chairman post in December 2011. Stuart Solomon, former chairman of MetLife Insurance Co. of Korea“We considered that he can represent fo
Feb. 24, 2017
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Court holds first hearing on compensation suit against Volkswagen
A Seoul court on Friday held the first hearing on a compensation suit filed by hundreds of South Korean customers against German carmaker Volkswagen over vehicles with manipulated emissions data.During the hearing held at the Seoul Central District Court, a total of 259 plaintiffs demanded the cancellation of their purchases and full refunds. This file photo taken on June 1, 2016, shows Audi Volkswagen Korea's pre-delivery inspection center in Pyeongtaek, about 70 kilometers south of Seoul. (Yon
MobilityFeb. 24, 2017
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[Weekender] Investing to stay young and beautiful
The definition of “elderly” is becoming less clear by the day, as society turns older and those traditionally grouped as seniors become younger in terms of health, appearance and economic activity.It has led to the coining of the new term “No-no generation” in South Korea, a combination of the English word “no” and the Chinese character “no” meaning old. Combined together, the phrase refers to the elderly of today who are saying “No” to growing old. (123RF)This new silver generation defies ster
IndustryFeb. 24, 2017