Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Hopes rise for possible Gaza truce deal
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Leaders of S. Korea, Angola agree to boost economic, trade cooperation
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[Newsmaker] Ban underlines communication ahead of presidential bid
Communication is the top value which former United Nations Secretary-General Ban Ki-moon seems to have chosen to distinguish himself from other potential contenders in the upcoming South Korean presidential election.The increasing frequency of his political remarks, as well as his impending homecoming, have been considered signals about his intention to run in the presidential race, which is likely to take place within the first half of this year. “The difficulties which South Korea is currently
PoliticsJan. 4, 2017
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[Newsmaker] Special probe on Choi scandal relies on daughter‘s repatriation
The special investigators’ probe into the President Park Geun-hye scandal is increasingly taking shape, but there is one key suspect and witness still missing from the picture -- the daughter of Park’s friend Choi Soon-sil believed to have been the greatest beneficiary of her mother’s influence-peddling. The key question now is whether Chung Yoo-ra, Choi’s 20-year-old daughter, will be summoned back home for questioning, in particular over the alleged back-scratching relationship between Choi a
PoliticsJan. 3, 2017
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[Newsmaker] Lee’s exit may sever Park-Saenuri ties
Upon announcing his solo defection from the Saenuri Party, Rep. Lee Jung-hyun claimed to take all responsibility for the dire situation that the conservative ruling party has been in since the President Park Geun-hye scandal erupted late last year. “Today, I leave the party, taking all responsibility as former chairman,” said Rep. Lee, a staunch ally of the impeached President Park, who was until two weeks ago the party’s chairman. “I hope that the party uses me as a stepping stone to move towar
PoliticsJan. 2, 2017
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[Newsmaker] Cho Hyun-joon takes leadership of Hyosung Group
Hyosung Group is ending the year with an official generational shift, as Cho Hyun-joon, the eldest son of Chairman Cho Suck-rai, takes the helm.The group announced late Thursday that Cho Hyun-joon, president of Hyosung Group, will take the chairman‘s post, while his father will step down, citing his age and health. Cho Hyun-joonThe handover of power from Hyosung’s second generation to the third coincided with the 50th anniversary of the group’s foundation. Cho Hyun-sang, current vice president a
IndustryDec. 30, 2016
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[Newsmaker] China flexes military muscle before Trump takes office
An aircraft carrier in the Pacific and a newly upgraded combat aircraft: China’s military is showing off its newest equipment less than a month before the swearing in of US President-elect Donald Trump, who has raised tensions between Beijing and Taipei.In recent days, state media announced that the country’s only aircraft carrier, the Liaoning, was on its way to the Pacific for the first time, while a new fighter, the FC-31, had its debut flight test.They are the latest steps in the yearslong b
World NewsDec. 29, 2016
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[Newsmaker] US, Japan seek absolution from war at Peark Harbor
PEARL HARBOR, United States (AFP) -- The leaders of war-time enemies America and Japan made a poignant joint pilgrimage to Pearl Harbor Tuesday, issuing symbolic declarations about the power of reconciliation and warning against the drumbeat of conflict.Seventy-five years after Japanese pilots brought war to idyllic Hawaii and dragged the United States into World War II, Japanese Prime Minister Shinzo Abe offered his “sincere and everlasting condolences.” Abe and US President Barack Obama paid h
World NewsDec. 28, 2016
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[Newsmaker] Pension fund’s political neutrality, independence questioned
For most South Koreans, the national pension fund is the last bastion for their years after retirement. Launched in 1988, the 28-year-old pension operator currently has more than 21 million subscribers contributing 9 percent of their income every month.The power the National Pension Service yields in the capital markets is enormous. By size, the NPS is the world’s fourth-largest pension fund and has more than 5 percent of shares in about 290 companies. National Pension Service (The Korea Herald
IndustryDec. 27, 2016
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[Newsmaker] British pop star George Michael dies aged 53
British pop singer George Michael, who rose to fame with the band Wham! and sold more than 100 million albums in his career, has died aged 53, his publicist said on Sunday.“It is with great sadness that we can confirm our beloved son, brother and friend George passed away peacefully at home over the Christmas period,” the publicist said in a statement.“The family would ask that their privacy be respected at this difficult and emotional time.” Thames Valley Police said the ambulance service had a
World NewsDec. 26, 2016
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[Newsmaker] Lotte Duty Free to seek mergers
Lotte Duty Free, Korea’s largest duty-free operator, Sunday vowed to become the world’s leading duty-free store operator in terms of sales by 2020 by merging with foreign duty-free operators.“Lotte Duty Free rose to become the world’s second to third-largest global company through consistent investment for the past 36 years. … We will continue our efforts to become the world’s No. 1 with accumulated experience and know-how,” Lotte Duty Free CEO Jang Sun-wook was quoted as saying by Yonhap News
IndustryDec. 25, 2016
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[Newsmaker] Korea sees record worst flu outbreak
South Korea’s seasonal influenza among young patients shows no sign of abating, reaching a record-high number of flu patients this week since the government began monitoring in 1997.According to the Korea Centers for Disease Control and Prevention, a record high number of young patients were diagnosed with flu in the past week as of Friday. Per 1,000 outpatient and emergency room visits of those aged 7-18, 153 were flu patients. The previous record was set in 2013 at 115 flu cases per 1,000 hosp
Social AffairsDec. 23, 2016
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[Newsmaker] Woo Byung-woo, key player unscathed
As bizarre as the President Park Geun-hye scandal seems, it would not have been possible if Cheong Wa Dae’s internal system had worked as designed, or if Woo Byung-woo had cared. Yet, Park’s former senior secretary for civil affairs, who was until October in charge of monitoring corruption and irregularities in the civil service, including presidential staff and the president’s inner circle, is apparently without any regrets or remorse. “I did my job. I did my best,” Woo said during a nationall
Social AffairsDec. 22, 2016
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[NEWSMAKER] Korean Air on hot seat over air rage incident
Korea’s flagship air carrier is likely to spend Christmas fending off controversy over the training of its cabin crew and labor relations, as an in-flight incident involving an international pop star took off Tuesday via social media, just ahead of a scheduled strike by its pilots.On Tuesday, singer-songwriter Richard Marx posted multiple times to his official Facebook page about a four-hour “chaotic and dangerous event” on Korean Air Flight 480’s Prestige business class, flying from Hanoi, Viet
IndustryDec. 21, 2016
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[Newsmaker] Hyundai Motor tests strength in autonomous cars
South Korean carmaker says it is ready to make autonomous cars commercially affordableHyundai Motor may not sound as adventurous as Elon Musk’s Tesla. But when it comes to the issue of making self-driving cars commercially affordable, the South Korean carmaker appears to have some strong points. Hyundai Motor demonstrated its technological developments in autonomous driving in Las Vegas last week, testing its strength in the mass market of future mobility. Instead of using 360-degree light detec
MobilityDec. 20, 2016
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[Newsmaker] Hyundai tests strength in autonomous cars
Hyundai Motor may not sound as adventurous as Elon Musk’s Tesla. But when it comes to the issue of making self-driving cars commercially affordable, the South Korean carmaker appears to have some strong points. Hyundai Motor demonstrated its technological developments in autonomous driving in Las Vegas last week, testing its strength in the mass market of future mobility. Instead of using 360-degree light detection and ranging sensors -- the 3-D laser scanning methods that are expensive but cent
MobilityDec. 20, 2016
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[Newsmaker] Ban ratchets up criticism of Park
Ever since the United Nations’ Secretary-General Ban Ki-moon hinted at his potential bid for the 2017 presidential election, it has been speculated that he would run on a ticket led by President Park Geun-hye and her loyalists from the ruling Saenuri Party. But the political situation here has been working against such a scenario, as a corruption scandal has caused Park and her party to plunge to record-low approval ratings. The more Ban was associated with the president, polls suggested, the le
PoliticsDec. 19, 2016
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[Newsmaker] Mugabe: Liberation hero turned despot
Zimbabwe‘s veteran leader Robert Mugabe once quipped that he’d rule his country until he turned 100.On Saturday, his ruling ZANU-PF party endorsed the 92-year-old leader as its candidate for the 2018 presidential election, bringing him closer to achieving his wish.From crushing political dissent to ushering in disastrous land reforms that saw the economy crumble, many accuse Mugabe of turning the regional breadbasket into a food importer.The leader who is currently Africa’s oldest president, hav
World NewsDec. 18, 2016
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[Newsmaker] Daesung chief explores new territory for energy transition
Younghoon David Kim, chairman of Daesung Group, a South Korean conglomerate specializing in the energy business, has a unique and grand mission in mind: finding individuals like Michael Faraday.Stressing that the world is on the verge of an energy transition, Kim believes the time is ripe for entrepreneurs like him to find the brightest minds to bring about a paradigm shift from a fossil fuel-based economy to one based on new sources of energy. To open a new chapter in human history, the world n
IndustryDec. 16, 2016
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[Newsmaker] Amazon makes first drone delivery
Retail giant Amazon.com has made its first drone delivery to an actual customer, dropping off one of its Fire TV streaming devices and a bag of popcorn to a house in the English countryside 13 minutes after receiving an online order.The delivery occurred Dec. 7 near Cambridge in a zone that UK aviation authorities have authorized for drone test flights, according to a tweet Wednesday by company CEO Jeff Bezos and a video documenting the flight. “First-ever #AmazonPrimeAir customer delivery is in
World NewsDec. 15, 2016
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[Newsmaker] Hanjin Shipping teeters on the brink
Hanjin Shipping, once the world’s seventh-largest shipping company, is on the verge of collapse and fading into history, despite its strenuous efforts to revive itself while under court receivership. According to the Seoul Central District Court in charge of the court receivership, accounting firm Samil PricewaterhouseCoopers has concluded that liquidation of the cash-strapped shipper is “more economical” rather than continuing with rehabilitation. The accounting firm estimated the liquidation v
IndustryDec. 14, 2016
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[Newsmaker] Guterres sworn in as UN chief, vows change
Antonio Guterres was sworn in Monday as the ninth secretary-general of the United Nations, saying the world body must change to better confront global crises such as the war in Syria.During a solemn ceremony at the General Assembly, the former prime minister of Portugal placed a hand on the UN charter and took the oath of office administered by the president of the General Assembly, Peter Thomson.The first former head of government at the UN helm, Guterres takes over from Ban Ki-moon on Jan. 1 a
World NewsDec. 13, 2016