Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Let’s finally end debate over tech bubble
Jeff ImmeltLet’s finally end the debate over whether or not we are in a “tech bubble.”There has been talk of a bubble going back to 2011 and it continues to rage today.I believe that this is shortsighted and rooted in the belief that at some point the tech industry must undergo the same unfortunate “burst” as in 2000.This line of thinking ignores the immense value that digital technologies have already created in the consumer world: the “app economy” alone is worth an estimated $300 billion.More
Dec. 25, 2015
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Shilla, HDC open duty free store
Kim Jae-shik (third from left), president of Hyundai Development, Lee Gil-han (fourth from left) and Yang Chang-hoon (fifth from left), coheads of HDC Shilla Duty Free, and Hotel Shilla CEO Han In-kyu (fourth from right) attend the opening of Shilla HDC Duty Free in Yonsang I’Park Mall in Seoul on Thursday. HDC Shilla Duty FreeShilla I’Park Duty Free, an urban duty-free store at I’Park mall in Yongsan, central Seoul, opened on Thursday.In the first stage, only 60 percent of the total 30,400 squ
Dec. 25, 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
Dec. 24, 2015
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Four more years of cheap oil: OPEC
VIENNA (AFP) - The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report released Wednesday.With the global benchmark oil price touching an 11-year low of $36.04 on Monday, the cartel which produces a third of the world's crude said that it foresees a "gradual improvement in market conditions as growing demand and slower than previously expected non-OPEC supply growth eliminate the existi
Dec. 24, 2015
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Hyosung honors injured soldiers with ‘Foot of Peace’
An artwork installation commemorating South Korean military soldiers’ sacrifice for national security was installed at the Nuri Peace Park in Imjingak, northern Gyeonggi Province, in a ceremony Wednesday.The piece was installed by Hyosung Group, which provided financial support of 200 million won ($170,000). Hyosung president Cho Hyun-joon (fourth from right) and military officers applaud at the installation ceremony of the artwork, “The Foot of Peace,” at Nuri Peace Park in Imjingak on Wednesda
Dec. 23, 2015
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KEPCO E&C tops global sales in nuclear power plant design
Korea Electric Power Corporation Engineering and Construction on Wednesday said it generated a world-best $126 million in overseas sales for nuclear power plant design in fiscal 2014.The KEPCO affiliate topped the chart for the fourth consecutive year since 2011. The ranking is based on research by U.S.-based Engineering News-Record on the sales performances in the previous year of the top 225 international design firms.“Designing four units of power plants in Barakah of the United Arab Emirates
Dec. 23, 2015
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Foreign direct investment surpasses $20b
The amount of foreign direct investment to South Korea exceeded $20 billion this year, with $15 billion having arrived here as of Tuesday, the Ministry of Trade Industry and Energy said Wednesday. The most ever investments of $20.43 billion is an increase of 11.2 percent from that of 2014, while the $15.19 billion that has reached the country is also a 28.6 percent jump during the same period. The authorities credited the Korea-China free trade agreement as the largest contributor. The pact, sig
Dec. 23, 2015
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Shinsegae jumps into cosmetics manufacturing business
Shinsegae International, a luxury fashion unit of retail giant Shinsegae Group, Wednesday announced its advancement into the cosmetics industry by collaborating with Italian beauty product maker Intercos. Shinsegae, famous for acquiring the exclusive distribution rights of a slew of global high-end perfume brands here, expects to pierce the luxury market with its own brand, while Intercos is hoping to get a strong foothold in the Asian market, the company said. Intercos is a globally leading ori
Dec. 23, 2015
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Lotte to open L7 lifestyle hotel in January
Lotte Hotel, part of Lotte Group, will open a new lifestyle concept hotel called “L7 Myeongdong” in Seoul on Jan. 12.The L7 will offer stylish facilities, where hotel staff will sport jeans, oxford shirts and slip-on shoes in bright and lively colors in order to appeal to guests as “friendly and caring,” the hotel affiliate said.The hotel, situated in Myeong-dong ― Seoul’s downtown shopping district frequented by hallyu tourists ― will primarily target female guests in their 20s-40s who enjoy st
Dec. 23, 2015
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Seoul’s culture belt ready for creation of killer content
The “culture belt” in Seoul envisioned by the government will enable start-ups to create “killer content” for not only the local market but also overseas, the Culture Ministry said Wednesday.Consisting of a creative convergence center in Sangam-dong, an academy and a creative venture center, the culture belt is designed to create an ecosystem with a virtuous circle in which start-ups with creative ideas can work with each other as well as with the financial sector to create global content beyond
Dec. 23, 2015
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‘Design your life through sports’
This is the last installment in a three-part series featuring athletes who help people transform their lives. ― Ed.Jung A-reum (Jung Areum)Beauty must be gained through hard work and perseverance, said Jung A-reum, a celebrity lifestyle and fitness trainer and former Miss Korea beauty contest winner.Those in pursuit of it must first learn how sports or regular exercise can help improve their physical and mental beauty.“The problem in Korea today is that people take sports or exercise too lightly
Dec. 23, 2015
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Top court backs sacking of stem cell scientist Hwang
The Supreme Court on Wednesday ruled that Seoul National University’s dismissal of Hwang Woo-suk was justifiable, marking an end to a nine-year legal battle for the scientist whose fabrication of his stem cell research had tarnished his reputation.The top court upended its original ruling in 2014 that the SNU ruling was fair as Hwang’s actions “eroded people’s trust in SNU and the entire science circle.”In 2006, the SNU dismissed the veterinarian and cloning expert after he was found to have fak
Dec. 23, 2015
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Hailing cab late at night a challenge in winter
A line of people, intoxicated and weary from the festivities of year-end parties, shiver outside Itaewon Station in central Seoul on a cold December night, trying to hail taxis. The seemingly insignificant task proves to be daunting, as a parade of cabs rush past them in search of passengers looking to travel long distance. “Where are you headed?” a driver asks a potential passenger, before speeding away at his mention of a destination 20 minutes away. Local taxi drivers’ tendency to cherry-pick
Dec. 23, 2015
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Oil price likely to sink even lower
Oil prices, which have already hit the lowest mark in a decade, could fall further in the first half of next year, partly due to the resumption of Iranian supply, officials and experts here said Wednesday.At a forum hosted by the Trade Ministry, experts forecast that the benchmark oil price could hover around $40-$50 a barrel next year. However, it could fall rapidly when Iran increases its oil exports in the wake of the lifting of international sanctions, they said. (Yonhap)It may take some tim
Dec. 23, 2015
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‘Korean start-ups still in need of trailblazers’
PALO ALTO, California ― After 20-year-old Pak Se-ri triumphed as the youngest winner of the 1998 U.S. Women’s Open in her rookie year, her success, followed by 24 more tour wins, inspired a wave of young Koreans looking to follow her lead. Today, Korea dominates women’s golf, as a new generation of players including Choi Na-yeon and Park In-bee ― called “Seri Kids” by the Korean media ― have followed the World Golf Hall of Famer’s footsteps in the LPGA.Korea’s start-up industry is a lot like the
Dec. 23, 2015
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Ahn’s bloc expands with another NPAD defection
Another opposition lawmaker on Wednesday left the New Politics Alliance for Democracy to follow Rep. Ahn Cheol-soo, foreshadowing the division of the main opposition party ahead of next year’s general elections. Rep. Lim Nae-hyun announced that he defecting from the NPAD to join a new political group spearheaded by Ahn. His split brings the number of defectors from the embattled party to five since Ahn left the party on Dec. 13. Lim Nae-hyun. (Yonhap)“Together with Ahn’s new party, I will clear
Dec. 23, 2015
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Exhibition offers taste of ‘glitch art’
We’ve all been there ― a downloaded video that won’t play properly, the image distorted on the screen.But it is more than a computer error for a number of artists, who are exploring these gremlins as “glitch art,” and expat Mathieu St-Pierre wants to introduce viewers to the concept through his exhibition “100dpi.”Showing large images ― printed at 100 dots per inch to break conventions not only in video but also in print ― the exhibition features a variety of abstract work.St-Pierre studied fine
Dec. 23, 2015
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Showul goes one-to-one to reach out to expats
Looking to introduce Korea to foreign nationals here in a friendlier way than the standard tours, a group of Korean undergraduates is offering group events to help expats build bridges.On Jan. 2, a group of Showul volunteers plans to take 30 foreign participants on a tour of the War Memorial of Korea before letting them try their hands ― and feet ― at breaking some boards with martial arts at Korea Arirang Taekwondo in Seoul. But rather than having one or two guides, Showul takes a one-to-one ap
Dec. 23, 2015