Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Army takes group action against Hybe for neglecting BTS
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Debate rages over ‘overly fatty’ samgyeopsal
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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[Weekender] Korean psyche untangled: Musok
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Naver will consider company benefits in deciding on selling Line shares: CEO
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Woman dangling from power lines rescued by residents holding blanket
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Hankook Tire takes over control of Hanon Systems
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[Herald Interview] ‘Time to Be Strong’ follows retired K-pop idols’ self-discovery
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Samsung chief returns from Europe after meeting with Pope, business leaders
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[Graphic News] Middle class shrinking worldwide
The shares of many countries’ populations who are on middle incomes has fallen and particularly in advanced countries, statistics gathered by the Organization for Economic Cooperation and Development showed.The share of South Korea’s population that was in the middle income group -- defined as those with household disposable income of between 75 and 200 percent of the median -- came in at 60 percent, lower than the OECD average.The middle income groups have been declining since 1980. Countries s
Feb. 1, 2017
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[Graphic News] Is time on President Park’s side?
President Park Geun-hye has reasons to fight any attempt to fast-track her impeachment trial. A delayed trial at the Constitutional Court, or more precisely the preordained departure of justices in its nine-member judge panel, increases her chances of surviving the impeachment, while giving her more time to muster support outside the courtroom. With Monday’s retirement of the court’s president, Justice Park Han-chul, the top court now must proceed with the trial with eight justices. Another just
PoliticsJan. 31, 2017
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[Graphic News] New Zealand, Denmark deemed the ‘least corrupt’ countries
The following is a list of the top- and bottom-ranked nations on graft watchdog Transparency International‘s 2016 Corruption Perceptions Index.For its 2016 index, the watchdog ranked 176 countries on a scale of 0-100, where zero means very corrupt and 100 signifies very clean.The data is based on surveys from the World Bank, the African Development Bank, the Economist Intelligence unit and other bodies.New Zealand and Denmark shared the number one spot with a score of 90 points, with Finland, Sw
World NewsJan. 30, 2017
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[Graphic News] Korea to increase emissions trading rights for 2017
South Korea will increase the total greenhouse gas emissions rights in its cap-and-trade scheme for this year, the Finance Ministry said Tuesday.Under the revised 2017 emissions allocation plan endorsed by the Cabinet, some 538.9 million tons of emissions rights will be allocated to the trading market, up 17 million tons from the country’s earlier goal of 521.9 million tons for the year, according to the Ministry of Strategy and Finance.South Korea’s cap-and-trade scheme is part of its plan to c
World NewsJan. 25, 2017
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[Graphic News] Lotto sales reach new record in 2016
Sales of the Korean lottery Lotto hit their highest last year, statistics from its operator showed Monday, a trend that happens during an economic slump, social analysts say.Data from the Korea Lottery Commission said Lotto sales reached 3.55 trillion won ($3.04 billion) -- or 3.55 billion tickets -- last year, an increase of 9 percent from the year before. The sales volume was the highest on record since the lottery was first introduced here in 2002. The monetary amount of sales is also the de
World NewsJan. 24, 2017
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[Graphic News] US forces in South Korea
DefenseJan. 23, 2017
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[Graphic News] E-waste rising dangerously in Asia
Electronic waste is rising sharply across Asia as higher incomes allow hundreds of millions of people to buy smartphones and other gadgets, with serious consequences for human health and the environment, according to a UN study released Sunday.So-called e-waste in Asia has jumped 63 percent in five years, the report by the United Nations University said, as it warned of a need for most nations across the region to improve recycling and disposal methods.China more than doubled its own generation
World NewsJan. 23, 2017
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[Graphic News] Hong Kong is world’s most expensive city
For all the talk of how expensive it is to buy a house in London or New York, the most expensive major cities in the world are all in Asia.In Hong Kong, Mumbai, Beijing and Shanghai, it now takes more than 30 years for a household with the local median income to buy a 90-square-meter apartment, according to Oxford Economics examination of price-to-income ratios across the world.And the return from rents in Mumbai, Shanghai, Beijing and also Delhi are “remarkably low,” which could be an indicator
World NewsJan. 19, 2017
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[Graphic News] Norway ranks at the top in Inclusive development index
The World Economic Forum‘s “Inclusive Growth and Development Report 2017,” released Monday, said that most countries are missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policymakers for decades require significant readjustment.The Inclusive Development Index is based on 12 performance indicators. In order to provide a more complete measure of economic development than gross domestic pr
World NewsJan. 18, 2017
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[Graphic News] Eight men own more than poorest 3.6b people
Eight men own the same wealth as half the world’s population, a level of inequality which “threatens to pull our societies apart,” Oxfam said.The wealth of the world’s poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico.Picked from Forbes’ billionaires list, they include Microsoft founder Bill Gates, Mark Zuckerberg who co-founded Facebook and Jeff Bezos, founder of Amazon.Oxfam pointed to a link between the v
World NewsJan. 17, 2017
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[Graphic News] Mexico tops list of best places to retire
Mexico ranked top as the best place to retire in 2017, according to InternationalLiving.com’s new Annual Global Retirement Index.Panama and Ecuador consistently rank among the top places to retire. The index evaluates countries across 10 categories, looking at factors such as visas, health care, climate and property, among others. The one with the highest total score is deemed top.
World NewsJan. 16, 2017
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[Graphic News] PC sales fall for 5th year in a row
Sales of desktop and laptop computers declined last year, continuing a decline that began in 2012, according to figures released Wednesday by two market trackers.Preliminary figures from Gartner indicated that PC shipments last year tallied 269.7 million units, a 6.2 percent decrease from the previous year. International Data Corp. put the number of machines shipped last year at 260 million units, a 5.7 percent drop from the previous year.China-based Lenovo remained the leader in the global PC m
World NewsJan. 15, 2017
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[Graphic News] Military strength of the two Koreas
DefenseJan. 12, 2017
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[Graphic News] China confirms more human bird flu infections
China has found two more cases of human bird flu infection H7N9, bringing this week’s total to three and stoking fears the deadly virus could spread at a time as other Asian nations are battling to control outbreaks of the disease. Health officials in South Korea and Japan have been scrambling to contain outbreaks of different strains of bird flu, with the poultry industry bracing for heavy financial losses.A total of 809 laboratory-confirmed human infections with the H7N9 bird flu virus have be
World NewsJan. 11, 2017
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[Graphic News] Soju prices record steepest rise
The price of soju leaped 11.7 percent in 2016 from the year before, the highest rate of increase since recordkeeping began in 2000, a statistical agency said Monday.The cost of eating out on average was up 2.5 percent from the previous year, as the prices of popular dishes, including beef and raw fish, were raised in the 4 percent range. The only food item whose prices declined was locally made tea, which dropped 0.1 percent, statistics showed.
World NewsJan. 10, 2017
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[Graphic News] The evolution of technology products
World NewsJan. 9, 2017
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[Graphic News] Cathay Pacific named world’s safest airline
Hong Kong’s Cathay Pacific retained its top spot as the air carrier with the best safety record last year, according to the German-founded Jet Airliner Crash Data Evaluation Center.Air New Zealand came in second, while Hainan Airlines was third. China Airlines took the bottom spot, ranking 60th. The JACDEC researchers looked at airlines’s records, cross-referencing with the number of accidents and total losses over 30 years.
World NewsJan. 8, 2017
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[Graphic News] Korea experiences warmest weather last year
South Korea‘s average temperature hit a record high last year due to climate change, which has also caused the world to see the highest-ever annual average temperatures, the weather agency said. The median temperature was 13.6 Celsius between January and November, 1.1 degrees higher than usual, the Korea Meteorological Administration said. The figure was the highest since 1973, when the country completed the establishment of 45 weather observation centers nationwide, the agency said.
World NewsJan. 5, 2017
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[Graphic News] 69% of new businesses shuttered after one year
Some 3,000 people started their own business per day in 2014, but over two-thirds of them had closed down a year later, statistics from the National Tax Service showed Monday.Based on the number of new businesses that filed value-added taxes for the first time in 2015, close to 1.07 million people became self-employed on a daily average in 2014. But by the following year, 739,000 people had closed their businesses, an average of 2,000 per day, the tally showed.The new businesses were heavily con
World NewsJan. 3, 2017
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[Graphic News] India remians the fastest growing economy in Asia
India is leading as Asia’s fastest-growing large economy and it will continue to be on that track in early 2017 growing at 7.6 percent, according to the Asian Development Bank Outlook 2016 report.Myanmar continued its growth in 2016 despite witnessing a cyclone and intense rains that caused widespread flooding and landslides displacing over 1.6 million people, devastating one-fifth of all cultivated land, in 2015.The ADB’s flagship annual economic publication, Asian Development Outlook 2016, sai
World NewsJan. 2, 2017