Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Court upholds jail term for man who attempted to murder ex-girlfriend
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Goldman is said to add crypto contracts without trading Bitcoins
Don’t call Goldman Sachs Group Inc.’s long-awaited Bitcoin-trading business a full-fledged desk, and don’t expect it to buy and sell Bitcoins, at least at first.The bank, preparing to pioneer a new cryptocurrency market on Wall Street, plans to start small and offer a limited number of derivatives, according to a person briefed on the decisions. It will trade Bitcoin futures in a principal, market-making capacity and will also create non-deliverable forward products. (Yonhap)Wall Street firms be
May 3, 2018
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[Graphic News] Samsung 5th-most admired firm in Canada
Samsung Electronics was named the fifth-most admired firm in Canada, an industry tracker said, recovering its reputation tainted by the suspended production of the Galaxy Note 7 in 2015. According to the report announced by Canadian researcher Leger, Samsung Electronics earned a reputation score of 75 to rank at 5th place in the 2018 Ranking of Canada‘s Most Admired Companies. US IT giant Google topped the list, followed by Canada’s Shoppers Drug Mart and Canadian Tire. Japan‘s Sony ranked at 4
April 18, 2018
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Is Facebook regulation 'inevitable'? Not so fast
Facebook CEO Mark Zuckerberg told lawmakers that regulation of his company is "inevitable," but still came to Capitol Hill prepared to defend against proposals he thought went too far. He rarely had to. After about 10 hours of hearings on Tuesday and Wednesday, markets rallied and privacy advocates were disappointed at the prospect that Facebook appeared to emerge unscathed, left to its own devices to manage how it collects vast amounts of personal data and handles user privacy."This is still ve
April 12, 2018
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[Graphic News] Facebook scandal affected up to 87m users
Several million Facebook users in the EU who installed the Cambridge Analytica app and their friends may have been affected by the data leak involving the political consultancy. Facebook said last week that as many as 87 million people might have had their data accessed -- an increase from the 50 million disclosed in previous reports. Facebook is basing the estimate in part on the number of friends each user might have had. Cambridge Analytica said in a statement that it had data for only 30 m
April 10, 2018
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Facebook to send Cambridge Analytica data-use notices Monday
NEW YORK (AP) -- Get ready to find out if your Facebook data has been swept up in the Cambridge Analytica scandal. Starting Monday, the 87 million users who might have had their data shared with Cambridge Analytica will get a detailed message on their news feeds. Facebook says most of the affected users (more than 70 million) are in the U.S., though there are over a million each in the Philippines, Indonesia and the U.K. In addition, all 2.2 billion Facebook users will receive a notice title
April 9, 2018
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[Graphic News] US-China trade fight escalates over tariffs
Tit-for-tat trade penalties have escalated between the world’s two-largest economies as they inch closer to the brink of a damaging international economic conflict. The Trump administration on Wednesday proposed 1,300 Chinese items, mainly in the advanced technology and heavy industry sectors, to be hit by US tariffs that will target $50 billion of goods.
April 8, 2018
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[Graphic News] Samsung overtakes IBM for top spot in US patent portfolio
Samsung Electronics has overtaken IBM as the holder of the most US patents as of the start of this year, data showed. The South Korean tech firm held 75,596 US patents, outdoing No. 2 IBM by nearly 1.6 times, as of Jan. 1, according to the top 100 list drawn up jointly by the journal IAM and intellectual property big data analysis company ktMINE. IBM, which had ranked top for the past 25 years, held 46,443 patents. Another South Korean tech firm, LG Electronics, was at seventh place with 28,2
April 5, 2018
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[Graphic News] Number of Facebook users worldwide rises
The number of active Facebook users worldwide rose from the fourth quarter of 2015 to the fourth quarter of 2017. Around 1.4 billion users visited the social network daily in the fourth quarter of last year. Facebook was also the most popular social app in terms of users, with around 2 billion monthly users in June last year. YouTube saw 1.5 billion monthly users in the same month, while Facebook Messenger and WhatsApp, both owned by Facebook, each had 1.2 billion users in April and February l
April 3, 2018
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[Graphic News] Singapore named world’s most expensive city
The eye-watering cost of owning a car in space-starved Singapore means the city-state is the world’s most expensive place to live - for a fifth year in a row - according to the Economist Intelligence Unit’s Worldwide Cost of Living 2018 survey. The Asian financial hub - where owning a no-frills sedan can set you back $76,000 - beat global capitals to the dubious title, despite stiff competition from resurgent European cities. Pricey perennials Tokyo and New York did not even make the top 10 in
March 28, 2018
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[Graphic News] Mongolia suffers highest unemployment in Asia
Mongolia, Pakistan, Indonesia and Philippines have the highest unemployment rates in Asia. By contrast, Cambodia, Thailand and Laos have posted the lowest unemployment rates. Mongolia has the highest employment rate in Asia at 7.3 percent. The country has seen a poor labor market with dipping employment. Even during the economic boom from 2010-2014, employment rates only remained steady in the country. Pakistan has the second highest unemployment rate in Asia at 5.9 percent. Political unrest i
March 27, 2018
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[Graphic News] E-commerce toy sales
Toys R Us, the iconic retail chain that has captivated American kids for generations, announced plans to shut all of its US stores, becoming one of the biggest casualties of the retail shakeout amid the rise of e-commerce.
March 21, 2018
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[Graphic News] Nearly 1 out of 5 guests in S. Korea were from US in 2017: Airbnb
Airbnb said that 18 percent of all tourists who used the global room-sharing platform in South Korea last year were from the United States. A total of 113,700 US tourists stayed at Airbnb-listed residences in South Korea last year, up 37 percent from 83,000 tallied the previous year, the company said. The latest figure accounts for 12.5 percent of all American tourists who visited the country last year, it added. Following the US, Singapore came second at 81,700 guests, or 12.9 percent of Airbn
March 18, 2018
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Toys R Us said to be planning to liquidate its US operations
Toys R Us appears headed toward shuttering its US operations, spelling an end to a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot but that fell victim to brutal retail-industry trends.The closing of the company's 700 US stores over the coming months would jeopardize the jobs of some 30,000 employees. The company's management has told its employees that it will sell or close all of its US stores, according to a toy industry analyst who
March 15, 2018
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Donatella Versace says label will stop using fur in products
Donatella Versace has said her family's luxury fashion label will no longer use real furs in its products, according to an interview with a British magazine.The Italian fashion queen and Versace's creative director told The Economist's 1843 magazine that it would stop the practice, without providing further details on the change."Fur? I am out of that," Versace said. "I don't want to kill animals to make fashion."It doesn't feel right." (W Magazine)Versace's headquarters in Milan, Italy, could n
March 15, 2018
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[Graphic News] Bezos tops Forbes world's rich list
Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates, who slipped to second place, according to Forbes magazine's annual billionaires list. US President Donald Trump's ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion, $400 million less than a year ago. Bezos' fortune shot up to $112 billion, Forbes said, after a 59 percent rise in Amazon shares over the past
March 12, 2018
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[Graphic News] Main sources of US steel, aluminum imports
Last week, President Donald Trump said the US would impose tariffs of 25 percent on steel imports and 10 percent on aluminum. Last year, US imports of steel, iron and ferroalloy jumped 38 percent over 2016 levels to $33.5 billion, according to data from the Commerce Department. Imports of aluminum oxide and aluminum also rose 32 percent last year. Canada was by far the largest supplier, accounting for 40 percent of the imports.
March 11, 2018
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Cigna and Express Scripts in $67 bn health merger
NEW YORK -- Health service provider Cigna said Thursday it had reached an agreement to acquire pharmacy benefits manager Express Scripts in a cash and stock deal worth approximately $67 billion (54 billion euros).The firms said the deal would create a wider portfolio of health services with greater choice, as well as helping make them more affordable."Together, our two organizations will help make the healthiest choices the easiest choices, putting health and pharmacy services within reach of ev
March 8, 2018
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[Graphic News] Global cybercrime costs $600b annually: study
The annual cost of cybercrime has hit $600 billion worldwide, fueled by the growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, researchers said Wednesday. A report by the security firm McAfee with the Center for Strategic and International Studies found theft of intellectual property represents about one-quarter of the cost of cybercrime in 2017, and that other attacks, such as those involving ransomware, are growing at a fast pace. Russia, North
March 7, 2018
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[Graphic News] China is top steel producing country
China produced 808.4 million metric tons of Crude Steel, accounting for 50.3 percent of the world’s total production. China is home to the largest steel producing companies - mostly state-owned - such as Hebei Iron and Steel Group, Angang Steel Co., Baosteel, Wuhan Iron and Steel Corp., and Jiangsu Shagang Co. Last week, China warned that US President Donald Trump’s vow to impose high tariffs on steel and aluminum would have a “huge impact” on the global trade order, adding that Beijing would
March 5, 2018
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[Graphic News] Apple overtakes Samsung in global smartphone dominance
US tech giant Apple shipped 77.3 million smartphones worldwide in the fourth quarter of 2017, an industry tracker said, overtaking Samsung Electronics in the global market. Apple captured first place with 19.3 percent global market share, nudging Samsung into second place, Strategy Analytics said in a report. The industry tracker said there was robust demand for the iPhone X, though global iPhone volumes have been on the decline on an annual basis for five of the past eight quarters. Samsung El
Feb. 4, 2018