Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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[KH Explains] Can smart chargers ease tensions over EV fires?
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40% of Korea's workers who reported bullying faced retaliation: survey
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Arrival of fall calls for more outdoor festivals
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N.K. denies suspected hacking into emails of S. Korean gov't officials
North Korea on Wednesday denied what it called a "preposterous" allegation that it has hacked into emails of South Korean diplomats and other government officials.The North's propaganda website Uriminjokkiri lashed out at South Korean prosecutors' latest probe results showing that suspected North Korean hackers broke into the emails of about 90 South Korean diplomats, security-related officials and journalists, stealing dozens of their passwords."Without any reasonable ground, South Korea blindl
North KoreaAug. 3, 2016
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Top conglomerates take up half of stock market cap
Listed units of South Korea's top 10 conglomerates account for slightly over half of the country's stock market capitalization, data showed Wednesday, pointing to their huge clout in Asia's fourth-largest economy.According to the data by corporate tracker CEO Score, 181 listed subsidiaries of the 10 largest family-controlled business groups, known as chaebol here, had a combined market capitalization of 778.5 trillion won ($700 billion) as of end-July, or 51.2 percent of the value of all shares
Aug. 3, 2016
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Korea's homegrown drug set to post record sales
Annual sales of a diabetes drug manufactured by LG Life Sciences Ltd., the pharmaceuticals unit of South Korea's LG Group, are likely to exceed 50 billion won ($44.9 million) this year, the drug firm said Wednesday.It would mark the first time for the annual sales of a single homegrown drug to breach the 50 billion-won mark.The combined sales of Zemiglo , which was approved as the nation's 19th new drug in 2012, and its composite drug Zemimet came to 23.7 billion won in the first half of the yea
IndustryAug. 3, 2016
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Samsung affiliates suffer downbeat earnings in Q2: data
Samsung Group, the country's top conglomerate, saw its affiliates log weaker than expected earnings during the second quarter of the year, while No. 2 Hyundai Motor Group managed to rack up decent bottom lines, data showed on Wednesday.According to the data compiled by market researcher FnGuide, 35 companies affiliated with the nation's top five conglomerates reported their second-quarter earnings and 22 of them posted market forecast-beating profits.In the case of Samsung, four out of its 11 af
Aug. 3, 2016
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N.K. launches ballistic missile: S. Korean military
North Korea on Wednesday fired off a ballistic missile into waters off its east coast, the South Korean military said, in an apparent show of force against Seoul's move to deploy an advanced U.S. missile defense system.The missile was test-fired from near Eunyul in southwestern South Hwanghae Province at 7:50 a.m., South Korea's Joint Chiefs of Staff said, adding that it is analyzing its trajectory.A military source said that the projectile, presumed to be a mid-range Rodong missile, is projecte
North KoreaAug. 3, 2016
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Trump blasts Korea-U.S. FTA as 'disaster'
Republican presidential front-runner Donald Trump on Tuesday denounced the U.S. free trade pact with South Korea as a "disaster" and a "job killing" deal, reinforcing concern about possible negative effects his election could have on the landmark agreement.Trump made the remark during a campaign stop in Ashburn, Virginia, blaming free trade deals for job losses and other U.S. economic woes, and accusing his Democratic rival, Hillary Clinton, of backing such agreements."So listen, since 2000 the
Foreign AffairsAug. 3, 2016
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Hyundai, Kia see U.S. sales grow 6% in July
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States rise 6 percent in July, thanks in large part to strong sales in sport utility vehicles, data showed Tuesday.The two South Korean auto giants sold a combined 134,972 units in the U.S. last month, up from 127,324 units in the same month last year, the data showed. Hyundai's sales rose 5.6 percent from last year to 75,003 while Kia's totaled 59,969 units, up 6.4 percent compared with a year
Aug. 3, 2016