Most Popular
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Controversy rekindled over when to name criminals, suspects
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Seoul transit pass for travelers to be available starting July
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Hybe-Ador CEO conflict gets messier
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Battery makers ramp up efforts to diversify graphite supply chain
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Prosecutors to summon pastor who allegedly gave Dior bag to first lady
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‘Monk’ DJ spreading Buddhism goes global
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[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
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Court's ruling set to shape path of medical school expansion
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Loans of self-employed swell 50% in four years
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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[Newsmaker] Tsai Ing-wen: From professor to president
Tsai Ing-wen, 59, was elected into power, winning 56.12 percent of the more than 12 million votes cast in Taiwan’s presidential election. She was tipped as the favorite to win the three-way race against Kuomintang’s Eric Chu and People First Party’s James Soong.Here’s more about Tsai, who went from law professor to fist-pumping politician within a decade.Taiwan’s Democratic Progressive Party candidate Tsai Ing-wen raises her hands as she declares victory in the presidential election in Taipei on
World NewsJan. 17, 2016
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[Newsmaker] Ex-Park aide to embolden Minjoo campaign
By appointing President Park Geun-hye’s former economic strategist as its election campaign chief, the main opposition Minjoo Party of Korea has revived what was once the nation’s top policy keyword ― economic democratization. Kim Jong-in (Yonhap)The entry of the distinguished public figure was also seen to indicate the party’s resolve to rise above the recent chain defections of senior party members and the growing competition with Ahn Cheol-soo’s new political party.“The party that will gain p
PoliticsJan. 15, 2016
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[Newsmaker] Korea's zeal for imports drive VW's growth
Despite the sales of Volkswagen vehicles collapsing worldwide in the wake of its massive emissions-cheating scandal, South Korea remains a lucrative market with its market performance hitting a record high.In December, the embattled German carmaker sold only 76 diesel vehicles in U.S., the world’s second-largest automobile market, while it sold 68 times more, or 5,191 units, in South Korea, according to data and reports compiled by industry experts here.(AP-Yonhap)Before the scandal five months
BusinessJan. 13, 2016
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[Newsmaker] David Bowie: Chameleon of rock
LONDON (AFP) ― British music legend David Bowie has died after a long battle with cancer, his official Twitter and Facebook accounts said Monday, prompting an outpouring of tributes.Bowie died on Sunday surrounded by family, according to his social media accounts.The iconic musician had turned 69 only on Friday, which coincided with the release of “Blackstar,” his 25th studio album. “David Bowie died peacefully today (Sunday) surrounded by his family after a courageous 18-month battle with cance
World NewsJan. 12, 2016
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[Newsmaker] Hyundai drives green car push with Ioniq
Hyundai Motor jumped into the heated global green car race by unveiling its ‘‘Ioniq” hybrid electric vehicle at a media preview event on Thursday. The event, held at its Namyang R&D center in Hwaseong, Gyeonggi Province, came soon after it released a rendering of the model and started preorders early this week. The automaker said it plans to roll out Ioniq hybrid in the domestic market on Jan. 14. Hyundai Motor Group chairman Chung Mong-koo. YonhapHyundai Motor has developed a new platform for g
MobilityJan. 7, 2016
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[Newsmaker] Hyundai heir aims for Genesis’ soft landing
Hyundai Motor Group vice chairman Chung Eui-sun presents the company’s new global luxury brand Genesis at the Dongdaemun Design Plaza in downtown Seoul on Nov. 4. Yonhap Hyundai Motor Group vice chairman Chung Eui-sun has started the engine for the international debut of the G90 (EQ900 in Korea), the first vehicle under the firm’s newly created premium brand Genesis, as he flew to the U.S. on Tuesday. The Korean automotive group official said he would introduce the G90 at the 2016 North Ameri
Latest NewsJan. 6, 2016
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[Newsmaker] Hanmi chief gains spotlight with stock gift
Hanmi Pharmaceutical Group founder and chairman Lim Sung-ki has found himself in the public spotlight since announcing plans to distribute a portion of his personal stocks, worth some 110 billion won ($92.5 million), as a gift of gratitude to all his employees. The country’s largest drugmaker said Monday it is distributing 900,000 shares of the chairman’s common stocks in Hanmi Science, the holding company of Hanmi Pharma, to the entire workforce. As a result, some 2,800 Hanmi employees at both
IndustryJan. 5, 2016
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[Newsmaker] Parties look to Ban as game changer
With the imminent launch of a new centrist political party by Ahn Cheol-soo, the leading parties are accelerating their search for a game changer: a well-known and respected public figure who can unite their flock and engage swing voters; somebody like United Nations Secretary-General Ban Ki-moon.So far, the ruling Saenuri Party appears to have the upper hand over the main opposition, the Minjoo Party of Korea.Ban, in a telephone conversation with President Park Geun-hye on New Year’s Day, comme
PoliticsJan. 4, 2016
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[Newsmaker] Park’s lame duck deadline looms
The political clock is ticking for President Park Geun-hye.With the next presidential race two years away, the incumbent state leader would normally have more time on her hands before entering her lame-duck period.But in reality, Park is under pressure to come up with impressive achievements by April’s general election. If not, she might lose the spotlight to potential presidential candidates and their campaigns.President Park Geun-hye (Yonhap)The president’s advantage is that she has successful
PoliticsJan. 3, 2016
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[Newsmaker] Maestro Chung bids farewell
Maestro Chung Myung-whun was met with howling cheers, applause and standing ovations from his local audience in the conductor’s final concert with the Seoul Philharmonic Orchestra on Wednesday night. The concert comes just one day after Chung submitted his official resignation as music director, citing the orchestra’s ongoing legal dispute regarding human rights violations by its former head as the reason for his departure after a decade at its helm. Maestro Chung Myung-whunPrior to the concer
PerformanceDec. 31, 2015
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[Newsmaker] Top N.K. official in charge of Seoul ties dies
Kim Yang-gon, a top North Korean official in charge of cross-border affairs, was killed in a car accident, the North’s state media reported Wednesday, drawing attention to the impact of his death on inter-Korean relations. He was 73.Kim Yang-gon (Yonhap)The North’s Korea Central News Agency said that Kim, a secretary of the Central Committee of the ruling Workers’ Party and director of the party’s United Front Department, died at 6:15 a.m. on Tuesday following the accident, without elaborating.T
North KoreaDec. 30, 2015
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[Newsmaker] SK chairman to divorce, admits to affair
SK Group chairman Chey Tae-won has revealed that he “has a child with another woman” and plans to divorce his wife Roh Soh-yeong, personally putting an end to the speculations surrounding his shaky marriage.In a three-page letter to the daily Segye Ilbo, which was confirmed by SK Group on Tuesday, Chey said his marriage with Roh “had been falling apart over the past 10 years” despite “several efforts to restore the relationship.” SK Group chairman Chey Tae-won and his wife Roh Soh-yeong. Yonhap
IndustryDec. 29, 2015
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[Newsmaker] Hyundai Elevator-Schindler feud resurfaces
Years of bitter feuding between Hyundai Elevator, the nation’s leading elevator manufacturer, and Schindler Group, its No. 2 shareholder, resurfaced on Monday after a top Swiss envoy had a rare meeting with Cheong Wa Dae officials requesting the government’s intervention.According to local reports, Swiss Ambassador to Korea Jorg Al. Reding recently met An Chong-bum, senior presidential secretary on economic affairs, to ask South Korea’s top office to step in. He claimed that the Swiss firm has s
IndustryDec. 28, 2015
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[Newsmaker] Mirae Asset to shake up brokerage industry
In South Korea where many family-run conglomerates hold the whip hand over much of the economy, the self-made billionaire Park Hyeon-joo’s bold step to create the country’s biggest brokerage has come into the spotlight after his successful bid to acquire KDB Daewoo Securities. Mirae Asset Financial Group chairman Park Hyeon-joo. (Yonhap)When a consortium of Mirae Asset Securities and Mirae Asset Global Investments was chosen as the preferred bidder to take over the country’s second-largest broke
Dec. 27, 2015
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[Newsmaker] India's Modi arrives in Pakistan
India`s Prime Minister Narendra Modi, right, shakes hands with his Pakistani counterpart Nawaz Sharif in Lahore, Pakistan, Friday. Modi arrived in Pakistan on Friday, his first visit as prime minister to this Islamic nation that has been India`s long-standing archrival in the region. (AP-YonhapISLAMABAD (AP) _ India's Narendra Modi made a surprise visit to Pakistan on Friday, his first such trip as prime minister to this Islamic nation that has been India's long-standing archrival in the region.
WorldDec. 26, 2015
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[Newsmaker] Hyundai Motor, union set to end wage dispute
After marathon 11-hour negotiations representatives of labor and the management of Hyundai Motor reached a tentative deal on wages Wednesday, ending months of internal conflicts that wobbled the nation’s largest automaker already facing lower-than-expected sales this year. Hyundai Motor president Yoon Gap-han (right) and labor union leader Park Yoo-ki leave after reaching a tentative agreement on wage and other labor issues in Ulsan, Thursday. (Yonhap)The two sides agreed to raise 85,000 won in
IndustryDec. 24, 2015
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[Newsmaker] Kakao in spotlight for fat paychecks
Kakao, Korea’s fast-sprawling mobile empire built on the omnipresent phone messaging service KakaoTalk, is in the public spotlight for fat paychecks. The KOSDAQ-listed firm was the highest-paying workplace among the top 100 companies by market capitalization in Korea last year, leading by a big margin a pack of older and larger corporate players such as Samsung Electronics.According to data compiled by CEO Score, an online business information provider, Kakao employees took home an average of 17
TechnologyDec. 23, 2015
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[Newsmaker] Tough tasks await finance minister nominee
Rep. Yoo Il-ho. YonhapYoo Il-ho, the nominee for Korea’s top economic post of deputy prime minister and finance minister, has vowed to carry on the legacy of his would-be predecessor, but the road ahead may require more, due to the multiple challenges the economy faces.“The global economic environment now is not very favorable, and navigating the local economy against this global backdrop will be a tough job,” Yoo, 60, told reporters shortly after his nomination Monday. The nominee stressed cons
Dec. 22, 2015
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[Newsmaker] With biotech, Samsung heir aims to emulate father’s chip success
Samsung Electronics vice chairman and heir apparent Lee Jae-yong is betting big on biotechnology, a move reminiscent of his father, chairman Lee Kun-hee’s entry into the chip business almost 40 years ago. In the 1970s, there was widespread skepticism about Samsung’s entry in the chip market that was dominated by U.S. and Japanese companies. But the company poured resources into ramping up quality chips at cheaper prices. Now the company is the No. 1 player in memory chips and the business unit
IndustryDec. 21, 2015
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[Newsmaker] 'Force Awakens' crosses $250M globally
"Star Wars" fever has spread through movie theaters around the globe, even reaching the White House, as the franchise yet again began toppling box-office records with waves of lightsaber-wielding fans.The Millennium Falcon in "The Force Awakens" (Disney Korea)Following a record $57 million from Thursday night showings in North America, and packed matinees on Friday, the Walt Disney Co. projected that "Star Wars: The Force Awakens" will surpass $215 million on the weekend, besting the record dome
World NewsDec. 20, 2015