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May 21, 2018 World Business

Facebook‘s Zuckerberg agrees to live-stream EU parliament hearing

BRUSSELS, May 21, 2018 (AFP) - Facebook chief Mark Zuckerberg has agreed to live-stream his meeting with European Parliament members as he answers questions in the wake of the Cambridge Analytica scandal, a top official said Monday.The meeting on Tuesday with the parliament’s most senior members was initially set to be held behind closed doors.But influential MEPs had pushed for a public hearing following the worst crisis in Facebook‘s history.“I have personally discussed with Facebook CEO Mr Z

Malaysia sets up task force to probe 1MDB scandal

KUALA LUMPUR, May 21, 2018 (AFP) - Malaysia on Monday set up a task force to probe allegations that billions of dollars were looted from sovereign wealth fund 1MDB in an audacious fraud overseen by ousted leader Najib Razak.New Prime Minister Mahathir Mohamad led a reformist alliance to a shock victory at the May 9 polls over Najib‘s coalition, which had governed Malaysia uninterrupted for over six decades. A major reason for the success of 92-year-old Mahathir was public disgust at allegations

May 21, 2018
World News
Beijing denies ‘militarisation’ of South China Sea

BEIJING, May 21, 2018 (AFP) - Beijing hit back at allegations it was “militarising” the South China Sea on Monday after landing bombers at an airbase in the contested waters, instead accusing Washington of increasing tensions with its own military footprint.China on Friday for the first time landed several combat aircraft -- including the long-range, nuclear strike-capable H-6K -- at an island airfield in the sea, triggering international concern.The move prompted immediate criticism from the U

May 21, 2018
World News
Canadian tapped as new UNC deputy commander

For the first time in history, a senior Canadian military officer will help steer the United Nations force in Korea as deputy commander, announced Canada’s Department of National Defense.Lt. Gen. Wayne Eyre will become the first non-American general to hold the post at the United Nations Command since the multinational force was established 68 years ago to thwart communist aggression during the 1950-53 Korean War. Eyre’s new assignment comes as United States President Donald Trump and North Kore

Today
Diplomatic Circuit
Bangladesh lures investments across lucrative sectors

The Bangladesh Investment Development Authority, Embassy of Bangladesh and Korean public institutions jointly held the first Bangladesh Investment Seminar in Seoul on Friday, with the aim of attracting global capital to the booming, lucrative South Asian market.The three-hour event was attended by BIDA executive chairman, Kazi M. Aminul Islam, Bangladeshi Ambassador to Korea Abida Islam, and senior officials from Bangladesh’s Ministry of Power, Energy and Mineral Resources as well as the Banglad

Today
Diplomatic Circuit
Georgia marks 100th anniversary of Democratic Republic

The Georgian Embassy last week celebrated the centennial anniversary of the Democratic Republic of Georgia, the nation’s first modern, democratic state established on May 26, 1918 and lasting through Feb. 25, 1921.“This year, all Georgians throughout the world share the festive spirit of this very special occasion in our country’s millennialong history,” said Georgian Ambassador to Korea Otar Berdzenishvili in a speech at a reception in Seoul on May 15. “The declaration of independence 100 years

Today
Diplomatic Circuit
Hyundai Motor Group retracts spinoff merger plan

Hyundai Motor Group retracted its spinoff merger plan for Hyundai Mobis and Hyundai Glovis on Monday, citing the views of the market and shareholders that had widely been against the move. Auto parts unit Mobis and logistics arm Glovis’ board of directors each called off the general meeting initially set for May 29, when the group’s reform plan announced in late March was to be put to a vote.Mobis and Glovis instead decided to revise and improve on the measures. “We will humbly review and suffic

Today
Automode
‘Miss Hammurabi’ to search for warmhearted justice

While foreign superheroes and people with supernatural powers are taking up the local cinema screens, stories of desperate ordinary people will propel JTBC’s new series “Miss Hammurabi.” The series is an adaptation of a best-selling novel of the same title, written by real-life judge Moon Yoo-suk, who also participated in the scriptwriting of the series. The story will center on three judges with completely different perspectives. Go A-ra plays a rookie judge while Kim Myung-soo, better known as

Today
Television
(Urgent) Hyundai Mobis cancels next week‘s general meeting

Hyundai Mobis, the auto parts making arm of Hyundai Group at the center of the group’s restructuring plan, has canceled its upcoming general meeting, the company said Monday.Hyundai Mobis’ board of directors called off the meeting initially set for May 29, when the group’s spinoff merger plan would have been put to a vote. Starting with Elliott Management, which has been pressuring Hyundai to take the form of a holding company, there has been opposition from major proxy firms in and out of the c

Today
Automode
[Graphic News] Plastic planet

　More than 8.3 billion metric tons of plastics have been produced since the 1950s, according to a new study published in the journal Science Advances.　As of 2015, humans had generated 8.3 billion tons of plastics, 6.3 billion tons of which had already become waste. Of that waste total, only 9 percent was recycled, 12 percent was incinerated and 79 percent accumulated in landfills or the natural environment.　The research predicts around 12 billion tons of plastic waste will be polluting the natur

May 21, 2018
World
Customs service seizes suspected smuggled goods at Korean Air supplier

Customs authorities said Monday officials have raided a supplier of Korean Air Lines Co. and seized dozens of boxes of goods believed to have been smuggled for members of the family of the national flag carrier's chairman.The Korea Customs Service has been looking into allegations that Korean Air Chairman Cho Yang-ho's family smuggled certain goods without paying due taxes while reportedly disguising them as corporate assets.A 2.5-ton truck loaded with confiscated goods is heading to a warehouse

May 21, 2018
Social affairs
Top 5 artists best known for cover songs in Korea

South Koreans are known for their love for singing. Singing competition programs are always favored by the local audience, while some of them take part in the shows and rise to stardom themselves. To those who missed the chance to appear on TV, YouTube has become another outlet to show off their heavenly voices. Here is a list of the talented YouTube singers in Korea, who are best known for cover songs. 5. Lim Han-byul (118,129 subscribers) (Lim Han-byul's YouTube)Once a member of the K-pop grou

Today
Music
Hyundai cancels corporate overhaul plan on opposition

Hyundai Motor Co. on Monday canceled a key spinoff merger plan in a setback to its corporate restructuring amid stepped-up opposition campaigns by some investors.The decision comes as global hedge fund Elliott and proxy advisers such as ISS continued to take issue with the carmaker's proposed corporate governance overhaul plan, citing that the "unfair" swap ratio of stocks between the two major affiliates will hurt shareholders' value."In a new plan, we will fully reflect the views and advice th

May 21, 2018
Industry
Golf range ordered to pay W150m in eye injury case

The Seoul Central District Court said on Monday that it has ruled in favor of a plaintiff who filed a suit against a golf range after the customer suffered serious eye injury from another customer’s club. Authorities said the plaintiff suffered significant visual impairment in the right eye after being struck by another person making a back swing at the tee next to his at a driving range in Seoul in 2015. The victim reportedly sustained the injury near the whiteboard-mounted pillar that stands i

Today
Social affairs
[Noah Smith] Resentment of crazy-rich Americans isn’t just envy

In the forthcoming movie “Crazy Rich Asians,” an American woman discovers that her boyfriend belongs to Singapore’s secretive, obnoxious jet set. It’s fun to laugh at the ultrarich when they’re just a caricature on a screen. But it’s possible that the increasing visibility of crazy rich Americans is fueling rising anger about inequality.　In the past few decades, the US has greatly improved its social safety net. And the country’s middle class has seen real income gains. But a 2015 New York Times

Today
Columnists

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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