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Han Kang speaks up on Nobel Prize, thanks ‘enormous wave’ of blessing
No South Korean military drone entered Pyongyang skies: JCS
Yoon returns home from 3-nation Southeast Asia trip
Son Heung-min's father ordered to pay fine for child abuse
S. Korea stages 1st live-fire drills of Taurus missile in 7 years
'Heavy Snow,' Han So-hee's big screen debut, examines stereotypes of beauty
Former Ador CEO gains ground in legal battle with Hybe, as whistleblower reveals plagiarism evidence
Early voting begins for Seoul education superintendent by-election with low turnout
Aunt sentenced to 15 years for throwing 11-month-old nephew from high-rise apartment
Han Kang declines press conference, not to celebrate, citing global wars
Warehouse manager arrested for stealing W6.8b in cash from storage
North Korean man crosses sea boundary to escape to South
Spain lauds stronger ties with S. Korea on National Day
Aston Martin seeks bigger footing in Korean luxury car market
Novelist Han Seung-won says daughter's historic Nobel win feels surreal
[Today’s K-pop] Riize’s Seunghan to rejoin next month
Han Kang: From blacklist to Nobel laureate
Han Kang's Nobel Prize victory sparks waves of celebrity congratulations
'Culinary Class Wars' winner crashes reservation app, warns scalpers
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Philip Morris donates W100m to charity
Sept 29, 2014
Philip Morris Korea’s head Chung Il-woo (left) poses with Ahn Yoon-han, chief of a scholarship center in Yangsan, at Philip Morris Korea’s plant. (Philip Morris Korea)Philip Morris Korea said Monday that it had donated 100 million won ($95,000) to a scholarship center in Yangsan as part of its social responsibility activities. The company said the scholarships will be given to middle and high school students who show academic promise. The regional scholarship center was established in 2006 in a
POSCO develops powerful corrosion-resistant steel
Sept 29, 2014
South Korea’s largest steelmaker POSCO on Monday said it has developed a super corrosion-resistant stainless steel product that can be used to make steam condensers for nuclear power plants.The new product can be used to make special pipes for reactors, through which sea water flows to cool hot steam generated from the nuclear reactor. The steam generated by the reactor turns turbines that makes electric power.The steelmaker said the material, developed in cooperation with a research team led by
[SUPER RICH] Lotte, Shinsegae turn to alcohol sector
Sept 29, 2014
Shinsegae heir Chung eyes beer while Lotte chairman Shin goes for wine
[SUPER RICH] Asia’s top 10 billionaires
Sept 29, 2014
Everybody knows that there are billionaires living among us, but it’s hard to determine just how many billionaires there are, where they gravitate to and exactly how they make their piles. To address these questions, Wealth-X, a Singapore-based asset information provider, and Switzerland-based UBS have released comprehensive data on the composition and dynamics of the world’s most affluent group of people since 2013.The Korea Herald Investigative Team looked into their reports ― the Wealth-X and
S. Korean venture firm to sue Apple for patent infringement
Sept 29, 2014
A South Korean venture firm said Monday it has filed a complaint with the prosecution against Apple Inc.'s Seoul-based branch for patent infringement on messenger service technology.Infozone, a mobile message solution provider, claimed that Apple's iMessage service, installed on iPhones since June 2011, infringed its patent for the technology of switches between different data-transmission networks depending on the condition of receivers' handsets."If an iPhone user sends messages through iMessa
S-Oil cheers for Saudi Arabia in Asian Games
Sept 28, 2014
S-Oil, a leading refinery in Korea, joined the cheering squad rooting for the Saudi Arabian soccer team during the 2014 Asian Games. On Friday, the firm’s executives and employees waved Saudi Arabia’s national flag and shouted the names of each player during a soccer match between Saudi Arabia and Uzbekistan in the final 16 at the Incheon Asian Games, held at the Goyang Sports Complex.Saudi Arabia defeated Uzbekistan 3-2 to advance to the final 8. S-Oil executives and employees, together with Sa
Hotel Shilla spices up hansik menu
Sept 28, 2014
Hotel Shilla said Friday it has launched a Korean traditional spirit-inspired dinner course menu with its luxury Korean diner La Yeon. Aimed at introducing quintessential Korean fine-dining, seasonal delicacies made with local ingredients are served with pairing Moonbaeju spirits made by a liquor master. It is the first theme-oriented course menu by the Korean restaurant opened in August last year. “Dinner on an autumn nig
Builders fined for colluding to fix prices
Sept 28, 2014
South Korea’s antitrust watchdog said Sunday that it has fined three major local builders a combined 25 billion won ($23.9 million) for colluding to fix bidding prices in a public project to build tidal outlets. Samsung C&T, GS Engineering and Construction and Hyundai Engineering and Construction fixed their bidding prices for the project initiated in July 2009 by the state-run Korea Water Resources Corp., according to the Fair Trade Commission. The 221.7 billion won project is for building tida
Complaints of high pay of banking CEOs rising
Sept 28, 2014
Despite lower profits than their overseas peers, South Korea’s leading banking groups are paying their CEOs a much better salary, data showed Sunday. The average annual pay last year for the country’s top three banking groups reached an estimated 2.7 billion won ($2.6 million), according to data compiled from multiple financial institutions at home and abroad. By comparison, three top Japanese banking groups paid their CEOs an average 1.25 billion won, based on a won-yen exchange rate at the end
KOMIPO sponsors Indonesian taekwondo team at Asian Games
Sept 28, 2014
Korea Midland Power Co. is rooting for the Indonesian taekwondo squad by offering scholarships and transportation services during the Incheon Asian Games.As part of a support program, KOMIPO, one of six power generation affiliates of the state-run Korea Electric Power Corp., said it held a gala with the Indonesian taekwondo team in Seoul on Tuesday to wish for its success at the Incheon Asian Games. Other Korean companies doing business in Indonesia, including Korindo Group, helped sponsor the d
SK Telecom to take over U.S. shopping app
Sept 28, 2014
SK Telecom, the nation’s No. 1 mobile carrier, will take over U.S.-based shopping app Shopkick for $200 million, the company said Sunday.Industry watchers said the acquisition deal is likely to help SK Telecom to make inroads into the U.S. market. In an effort to expand its business overseas, SK Telecom announced last year that it would spend between $500 million and $1 billion through its Internet Services arm SK Planet on investing in or buying U.S. companies over three to five years. Shopkick
Investments in tax havens reach $23 billion over 7 years
Sept 28, 2014
South Korean companies and individuals invested nearly $23 billion in 50 tax havens over the past seven years, data showed Sunday.According to the data by the National Tax Service and the Export-Import Bank of Korea, South Korean individuals and companies invested $22.77 billion in the tax havens from 2007 through 2013. The amount represents about 12 percent of overall overseas investments ― worth 197.88 trillion won ($189.4 billion) ― made by South Korea during the period. Of the tax haven inve
Builders fined for colluding to fix prices
Sept 28, 2014
South Korea's antitrust watchdog said Sunday that it has fined three major local builders a combined 25 billion won ($23.9 million) for colluding to fix bidding prices in a public project to build tidal outlets. Samsung C&T, GS Engineering and Construction and Hyundai Engineering and Construction fixed their bidding prices for the project initiated in July 2009 by the state-run Korea Water Resources Corp., according to the Fair Trade Commission. The 221.7 billion won project is for building t
[Weekender] Island home to tech firms
Sept 26, 2014
Daum Communications’ headquarters on Jejudo IslandA number of tech companies have moved to Jejudo Island on for its pleasant working environment and various tax incentives in recent years. The influx of high-tech companies to the island is transforming it from an agricultural and services-based economy into a center for information technology and manufacturing. Over 100 information and bio technology companies, including Daum Communications, Nexon, ESTsoft and Moneual have already relocated to J
[Weekender] Jeju aims for high-tech future
Sept 26, 2014
Jejudo Island, a repository of natural heritage loved by both South Koreans and foreign tourists, has been transforming its economic structure into more high-tech economy in recent years. Gov. Won Hee-ryong said early this month that he aims to double the island’s gross regional domestic product to 25 trillion won ($24 billion) within five years from the current 12 trillion won. The provincial government is now pushing ahead with fostering high-tech industries including electric vehicles, bio an
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South Korean author Han Kang wins 2024 Nobel Prize in literature
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[Graphic News] First marriage age rises to 34 for men, 31.5 for women
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