NEW YORK (AP) -- The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50 million lawsuit. Adriana Ferreyr filed the suit in Manhattan court on Wednesday. The 28-year-old Brazilian soap opera star alleges that the 80-year-old Soros gave the $1.9 million apartment on the Upper East Side of Ma...

The selling of No. 1 social commerce giant Ticket Monster is signaling massive restructuring for the local fast-growing market, experts said Thursday. “This incident is deemed to become the beginning of an industrial restructuring,” said Ryu Han-seok, executive director of the TLC Institute, who is also an information technology architect. “It is to have a huge impact on the four big names in th...

Company to unveil additional plan to counteract recent security breach SK Communications said Thursday it is getting ready to release its second set of countermeasures as early as this week, following the country’s worst security breach. On Thursday, police confirmed that a hacker used an Internet Protocol address from China to obtain the personal information of 35 million people registered to ...

Elderly care robots, meal delivery and health products rental create niche markets At a nursing home in New Zealand, a Korean-made robot offers a blueprint for the future of old age. The silver-colored, kiosk-shaped robot monitors residents’ vital signs and biorhythm in real time, provides brain training to prevent dementia and manages their medication schedules. Named Silver Robot, the machin...

All-in-one silver towns, job training all part of burgeoning new business To mark the 58th anniversary of its establishment on Aug. 15, The Korea Herald is publishing a series of articles on the looming retirement of Korean baby boomers and its socioeconomic impact on the nation. The following is the fifth of the eight-part series. ― Ed. The 2008 movie “Mamma Mia!” may be corny, but it proves w...

SINGAPORE (AP) ― Asia batted away the global recession sparked by the 2008 financial crisis. Fending off the latest wave of market turmoil may prove tougher. World stocks were pummeled this week by the first-ever downgrade of the U.S. credit rating and evidence of stalling recoveries in the U.S. and Europe that could weaken demand for Asia’s exports of cars, gadgets, clothing and other goods. N...

WASHINGTON (AP) ― The United States’ budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House to make more progress on a long-term plan to shrink the growing imbalance. The Treasury Department said Wednesday that the deficit through July totaled $1.1 trillion. Three years ago, that would have been a record high for the full year. This year...

Sung Si-chul, chief executive and president of Korean Airport Corp., has been reappointed, the state-run airport operator said Thursday. The decision reflects Sung’s achievement in transforming Gimpo International Airport into East Asia’s business hub over the three years, the company said in a statement. His term is due to begin on Aug. 14. Since taking office in 2008, he has launched and scal...