Most Popular
-
1
Controversy rekindled over when to name criminals, suspects
-
2
Seoul transit pass for travelers to be available starting July
-
3
Hybe-Ador CEO conflict gets messier
-
4
Battery makers ramp up efforts to diversify graphite supply chain
-
5
Prosecutors to summon pastor who allegedly gave Dior bag to first lady
-
6
‘Monk’ DJ spreading Buddhism goes global
-
7
[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
-
8
Court's ruling set to shape path of medical school expansion
-
9
[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
-
10
Loans of self-employed swell 50% in four years
-
[Newsmaker] Cameron releases tax records amid Panama row
LONDON (AFP) -- British Prime Minister David Cameron on Sunday released his tax details in a bid to head off a row over his father’s offshore business, and announced a new taskforce to scrutinize the so-called Panama Papers.Hundreds of demonstrators rallied outside Cameron’s office Saturday calling for his resignation after he finally admitted to having held shares in his late father’s Bahamas-based investment fund, which cropped up in the documents leaked from Panama law firm Mossack Fonseca.Br
World NewsApril 10, 2016
-
[Newsmaker] Food industry to join Korea’s war on sugar
The South Korean food industry pledged Friday to actively partake in new government measures aimed at reducing citizens’ sugar consumption and promoting public health. Local food companies say they are already engaged in efforts to reduce sugar content in their products and will continue on this trajectory in line with rising health consciousness here and abroad. “The food industry will actively abide by the government’s new policy toward sugar reduction,” the Korea Food Industry Association sai
IndustryApril 8, 2016
-
[Newsmaker] Anbang’s Allianz buy spurs Chinese deals
From hotels, movies, games and financial services to energy, manufacturing and information technology, there is not one sector across industries or markets that China is not involved in.China’s growth may be losing momentum a bit, but that does not mean Chinese companies do not have the capital to remain acquisitive for businesses that can help them generate more value. And finance is one of many services where they want to get their hands on and boost global competitiveness through acquisitions
April 7, 2016
-
[Newsmaker] U.S. OKs Celltrion's Remicade biosimilar
The U.S. Food and Drug Administration approved Korean biopharma company Celltrion’s Remicade (infliximab) biosimilar on Wednesday, marking the second entry of a biosimilar drug in the U.S. pharmaceutical market. The U.S. regulator approved Inflectra, Celltrion’s biosimilar replication of Johnson & Johnson’s blockbuster drug Remicade, for the treatment of rheumatoid arthritis, Crohn’s disease, ulcerative colitis and other conditions.Celltrion CEO Kim Hyoung-ki speaks during a press conference hel
IndustryApril 6, 2016
-
[Newsmaker] Mr. Pizza chairman apologizes for assault
The chairman of MPK Group, which runs the Mr. Pizza chain, issued an official apology Monday night on the company‘s website in response to public outcry over his alleged assault of a security guard Saturday night.“It was my mistake. I sincerely apologize to the person who was hurt,” the statement from chairman Jung Woo-hyun reads. “I also apologize for upsetting many others. I take full responsibility for the incident, and regret my actions.”MPK Group chairman Jung Woo-hyun The apology came a da
IndustryApril 5, 2016
-
[Newsmaker] Huge tax leak exposes Putin aides
PARIS (AFP) -- A massive leak of 11.5 million tax documents has exposed the secret offshore dealings of aides to Russian president Vladimir Putin, world leaders and celebrities including Barcelona forward Lionel Messi. Photo shows the building where the office of Panamanian law firm Mossack Fonseca is located in Panama City, Panama, Sunday. (EPA-Yonhap)An investigation into the documents by more than 100 media groups, described as one of the largest such probes in history, revealed the hidden o
World NewsApril 4, 2016
-
[Newsmaker] G5 steers turnaround of LG’s mobile unit
LG Electronics has made diverse new experiments with its smartphones such as the leather-clad G4 and dual-camera phone V10 over the past year. The phones were great but received little acknowledgement from customers.The company has recently come up with another unprecedented phone in the market -- the world’s first modular smartphone G5. But this time the initial market reaction seems quite different, with orders soaring. According to telecom carriers and retailers, the phone sold more than 15,
TechnologyApril 3, 2016
-
[Newsmaker] KB Financial aims to be top universal bank
KB Financial Group chief Yoon Jong-kyoo said Friday that its planned takeover of Hyundai Securities will bring the group one step closer to his vision of turning it into Korea’s top universal bank. Yoon Jong-kyoo (Yonhap)“We will grow Hyundai Securities into a model for universal banking in Korea based on KB Kookmin Bank’s strength in customer base, reputation and assets,” Yoon told reporters. Universal banking puts retail, wholesale and investment banking services under one roof, providing cust
April 1, 2016
-
[Newsmaker] Samsung’s semiconductor chief becomes highest-paid CEO
Samsung Electronics vice chairman and semiconductor business division chief Kwon Oh-hyun was the highest-paid Korean CEO last year, with total earnings of 14.95 billion won ($13 million). His pay has soared nearly 60 percent over the past year, largely driven by the chip division’s robust sales. The division posted a record 12.79 trillion won in operating profits last year. Samsung Electronics vice chairman and semiconductor business division chief Kwon Oh-hyun speaks at a shareholders meeting o
TechnologyMarch 31, 2016
-
[Newsmaker] Hanwha hits Doosan DST target
Hanwha Techwin has been chosen as a preferred bidder for Doosan DST by Doosan Group and DST’s sales manager Credit Suisse was perhaps fate, destiny or meant to be. Hanwha Techwin's K9 self-propelled howitzer (Hanwha Techwin)With most analysts, investment bankers and the defense industry having forecast Hanwha Techwin to win armored vehicle and missile launcher system developer DST, Techwin’s announcement Wednesday morning did not come as a surprise. This was because, as industry sources argued,
March 30, 2016
-
[Newsmaker] FBI hacks iPhone, drops case
The FBI has unlocked the iPhone used by one of the San Bernardino attackers, officials said Monday, ending a heated legal standoff with Apple that had pitted U.S. authorities against Silicon Valley.Apple, backed by a broad coalition of technology giants like Google and Facebook, was fiercely opposed to assisting the U.S. government in unlocking the iPhone on grounds it would have wide-reaching implications on digital security and privacy.This Feb. 23, 2016, file photo shows a New York police off
World BusinessMarch 29, 2016
-
[Newsmaker] Lydia Ko takes 11th LPGA Tour title
Lydia Ko won the Kia Classic on Sunday at Aviara, reaffirming her position as the top player in the world heading into the first major championship of the season.Ko birdied the final three holes for her third straight 5-under 67 and a four-stroke victory over second-ranked Park In-bee.“I just kind of peeked at the leaderboard and saw In-bee was making a lot of birdies -- In-bee doing her In-bee things,” Ko said. “I knew that I needed to focus up until the last moment and fortunately I made some
More SportsMarch 28, 2016
-
[Newsmaker] Sanders trounces Clinton in three US states
Bernie Sanders made a clean sweep of Democratic election contests in Alaska, Hawaii and Washington, although he barely dented the formidable lead enjoyed by frontrunner Hillary Clinton in the battle for the party's presidential nomination.US news networks showed Sanders winning by wide margins Saturday's caucus votes in all three western states. Democratic presidential candidate Bernie Sanders speaks during a rally at Safeco Field in Seattle on March 25, 2016. (AFP-Yonhap)In Washington -- the bi
World NewsMarch 27, 2016
-
[Newsmaker] Brussels suicide brothers abandoned crime for jihad
Long before blowing himself up in a crowd of innocent people, leaving behind a desperate will on his computer, suicide bomber Ibrahim El Bakraoui and his brother Khalid lived the lives of the classic Brussels hoodlum.Carjackings, robberies and shoot-outs with police were just some of the convictions collected by the brothers who took part in the deadly train and airport attacks in Brussels.Baby-faced Ibrahim, 30, one of two suicide bombers at the airport, had been handed a nine-year sentence in
InternationalMarch 24, 2016
-
[Newsmaker] Obama visit fuels hopes for change in Cuba
President Barack Obama’s visit to Cuba was heavy on symbolism and light on immediate results, but the aftershocks have the ability to shift Cuba’s future, analysts said Tuesday.“The most important effect of the whole visit in my view is the ‘I can hardly believe my eyes’ factor that it is happening,” said Paul Webster Hare, who teaches international relations at Boston University. Back-dropped by a monument depicting Cuba`s revolution hero Ernesto "Che" Guevara, U.S. President Barack Obama (seco
World NewsMarch 23, 2016
-
[Newsmaker] Obama trip aims to set new era in Cuba ties
Stepping into history, President Barack Obama opened an extraordinary visit to Cuba on Sunday, eager to push decades of acrimony deeper into the past and forge irreversible ties with America‘s former adversary. ``This is a historic visit and a historic opportunity,’‘ Obama said as he greeted staff of the new U.S. Embassy in Havana.Air Force One touched down on a rainy, overcast day in the Cuban capital. The president was joined by wife Michelle Obama and daughters Malia and Sasha in the first vi
World NewsMarch 21, 2016
-
[Newsmaker] Landmarks go dark for 10th Earth Hour
From Sydney‘s Opera House to New York’s Empire State Building and Paris‘s Eiffel tower, landmarks worldwide dimmed their lights Saturday for the 10th edition of the Earth Hour campaign against climate change.Millions of people from 178 countries and territories were expected to take part in WWF’s Earth Hour this year, organizers said, with monuments and buildings such as Berlin‘s Brandenburg Gate plunging into darkness for 60 minutes from 8:30 pm local time.The annual event kicked off in Sydney,
World NewsMarch 20, 2016
-
[Newsmaker] Chey Tae-won back in SK boardroom
Without drama, SK Group chairman Chey Tae-won won his way back into the boardroom of the group’s holding firm SK Holdings on Friday, a key outcome of the “Super Friday” glut of shareholders meetings in Korea. More than 300 companies, including 10 SK companies, seven LG units and four Lotte affiliates, held their annual congress of shareholders on the day.As in previous years, shareholder debate or a vote battle to turn down a presented agenda item was a rare sight. SK Group chairman Chey Tae-won
March 18, 2016
-
[Newsmaker] Senior Saenuri members leave amid growing intraparty feud
A factional battle continued to engulf the ruling Saenuri Party on Friday over the candidate nomination for the April general election, with senior lawmakers defecting from the party in protest.Reps. Ahn Sang-soo and Cho Hae-jin said in the morning that they would leave the Saenuri Party to run as independents. They follow in the footsteps of Rep. Chin Young, former health minister, who left Thursday. Third-term lawmaker Rep. Joo Ho-young also indicated he is contemplating leaving. Most of those
PoliticsMarch 18, 2016
-
[Newsmaker] Merrick Garland, Obama's moderate Supreme Court pick
WASHINGTON (AFP) -- Merrick Garland, a centrist judge with a long and distinguished career in the halls of justice, is perhaps President Barack Obama’s best chance at persuading his Republican foes who control the Senate to confirm his Supreme Court nominee.Federal appeals court judge Merrick Garland (center), receives applause from President Barack Obama and Vice President Joe Biden as he is introduced as Obama’s nominee for the Supreme Court during an announcement at the White House in Washing
World NewsMarch 17, 2016