Most Popular
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Over 82,000 Korean young people unemployed, not searching for job long-term
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40% of Korea's workers who reported bullying faced retaliation: survey
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600 evacuated as heavy rain floods roads, homes in southern regions
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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[Weekender] Young Koreans more open to Japanese cultural products
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New Fifty Fifty off to strong start
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1 in 5 households to have breadwinner over 80 in 30 years
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Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
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Doctors defend colleague accused of blacklisting non-strikers
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Tax revenue up by nearly 20 tln won in H1
South Korea's tax revenue increased by nearly 20 trillion won ($18.2 billion) in the first six months of the year on an increase in corporate and value-added taxes, the government said Wednesday.In the January-June period, the government collected 125.6 trillion won, up from 106.6 trillion won tallied over the same period last year, according to the Ministry of Strategy and Finance.The six-month tally represents 56.3 percent of the government's annual target of 222.9 trillion won.Corporate tax g
Aug. 10, 2016
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Fewer people change jobs amid economic slowdown
The number of workers who voluntarily left jobs for new opportunities decreased in the first half amid the economic slowdown, while those who were laid off were on a steady rise, industry data showed Wednesday. The number of Koreans who remain unemployed after leaving their previous jobs three months earlier fell 221,200 in the January-June period from a year ago, according to the Korea Labor Institute. The labor institute attributed the drop in employees changing workplaces to the tight job mar
Aug. 10, 2016
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South Korea to upgrade surveillance equipment at DMZ
South Korea's military said Wednesday it will upgrade thermal observation devices installed at the heavily fortified inter-Korean border to cope with growing threats from North Korea. The upgrade aims to closely monitor and detect any provocative movements from the North along the Demilitarized Zone. In August last year, two South Korean soldiers were seriously injured after land mines planted by the North exploded."The Defense Agency for Technology and Quality has begun upgrading TODs which can
DefenseAug. 10, 2016
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Samsung leads local car infotainment industry, lags behind global competitors
South Korea's tech giant Samsung Electronics Co. has been ranked the top among its local peers in terms of infotainment technologies but still lags behind other global competitors that include foreign automakers, a report showed Wednesday.According to the report from U.S.-based market information firm IP Watchdog, the South Korean firm owned 3.9 percent of all infotainment-related patents registered in the U.S.The figure marks the largest share owned by any single South Korean company but is the
MobilityAug. 10, 2016
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FSC chief rules out aid for Hanjin Shipping
South Korea's top financial regulator on Wednesday said the country's largest shipping line, reeling from huge debts, should stand on its own feet or face court receivership.Yim Jong-yong, chairman of the Financial Services Commission, reaffirmed that the government has no plan to offer financial aid to Hanjin Shipping Co."Hanjin Shipping is in talks over ship mortgage loans with 34 financial institutions" in addition to charter rate negotiations and private debt rescheduling efforts, he said in
Aug. 10, 2016
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One in 3 conglomerate subsidiaries survive on intragroup deals
Nearly one out of every three subsidiaries of large conglomerates here depend on intragroup transactions for a greater part of their overall sales, a report showed Wednesday, indicating many firms and their owners may be engaged in inappropriate, if not unlawful, means to boost their personal wealth. According to the report from market research firm Chaebul.com, 261 or 28.2 percent of 926 companies affiliated with the country's top 20 conglomerates had more than 50 percent of their sales come fr
IndustryAug. 10, 2016
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Duty-free stores post dull Q2 earnings
Major duty-free store operators in South Korea posted lackluster earnings in the second quarter as tougher competition and rising marketing costs eroded their profitability, data showed Wednesday.Foreigners' local duty-free shopping has rebounded this year after a dismal drop last year from the outbreak of a contagious respiratory disease, but operators saw profitability worsening due to heavy marketing costs and commission payments to lure more shoppers. Hanwha Galleria Timeworld Co., which ope
IndustryAug. 10, 2016
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Galaxy Note 7's local preorders top 200,000
The Galaxy Note 7, a phablet made by Samsung Electronics Co., has received more preorders in South Korea than expected, driven by its advanced features and aggressive promotions, industry sources said Wednesday.According to the sources, the preorders for the phablet on Aug. 7-8 exceeded 200,000. Preorders will be available through Aug. 18.Samsung unveiled the phablet, the successor to the Note 5, last week in a bid to keep up the momentum of its smartphone sales. The launch of the Galaxy Note 7
IndustryAug. 10, 2016