Most Popular
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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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1 in 5 households to have breadwinner over 80 in 30 years
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Peter Thiel to invest W37.5b in Hanmi Semiconductor
[THE INVESTOR] Peter Thiel, the early investor in Facebook and PayPal, has recently decided to invest 37.5 billion won (US$33 million) in Hanmi Semiconductor, a Korean semiconductor equipment manufacturer. The plan comes after his first investment worth 37 billion won in the company back in 2013. Peter ThielAccording to the Korean firm on July 27, it will sell 2.5 million treasury shares at 15,000 won per share on Sept. 23. Thiel-backed Crescendo Equity Partners and CEP Semicon Holdings will pur
IndustryJuly 28, 2016
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Gov’t to spend W30b to boost fashion, lifestyle industries
[THE INVESTOR] The South Korean government will nurture premium fashion and lifestyle brands spending 30 billion won next year, the Ministry of Trade, Industry and Energy announced on July 28. As part of an effort to boost exports of consumption goods, it will double the R&D budget and support the whole process, from design to marketing for export, for seven categories: furniture, bags, kitchenware, stationery, sports and leisure, eyeglasses and watches. To raise added value to fashion and appar
IndustryJuly 28, 2016
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Hyundai Mobis Q2 profit jumps 13% on SUV sales
[THE INVESTOR] Hyundai Mobis on July 28 said that it posted a 13 percent increase in second-quarter operating profit from a year earlier, thanks to favorable currency rates and improved supply to sport utility vehicles. South Korea’s largest automotive parts supplier affiliated with Hyundai Motor Group reported the April-June operating profit of 784.7 billion won (US$696.2 million), compared with the 694.4 billion won from the same period last year. Hyundai Mobis’ Mabuk technical center in Yongi
MobilityJuly 28, 2016
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Samsung pins high hopes on Galaxy Note 7 launch
[THE INVESTOR] Samsung Electronics is pinning high hopes on its upcoming Galaxy Note 7 smartphone with a curved screen that will debut on Aug. 2 in New York, London and Rio de Janeiro. “Like its Galaxy S7 sibling that is receiving positive market reviews, the Galaxy Note 7 will meet market expectations,” a Samsung executive said in the firm’s second-quarter conference call on July 28. Together with its high-end flagship models, the company said its budget smartphones such as the Galaxy A, J and
TechnologyJuly 28, 2016
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Thales to sell stake in Hanwha joint venture
[THE INVESTOR] Thales, the French defense giant, has decided to sell its 50 percent stake in Hanwha Thales, a defense electronics joint venture that Hanwha Group acquired from Samsung Group as part of a 1.9 trillion won (US$1.7 billion) deal in 2014. Thales had long considered selling off the stake since the Samsung-Hanwha deal was announced. According to industry sources, the company saw little benefits from working with the new partner as it had already enjoyed hefty dividends from the venture
IndustryJuly 28, 2016
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Samsung Securities to start trading Taiwanese stocks
[THE INVESTOR] Samsung Securities will launch a brokerage service on Taiwan-listed securities for institutional investors in a partnership with KGI Securities, the second-largest brokerage in Taiwan.According to Samsung Securities, the two companies signed a memorandum of understanding to cooperate on strengthening their brokerage businesses and expanding equity research coverage at KGI Securities’ headquarters in Taiwan on July 28. “Samsung Securities will expand its footprint to the entire Asi
July 28, 2016
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N. Korea constructs new military facility near Pyongyang: report
North Korea has built a large-scale military facility near its capital city for training purposes, the U.S.-based Radio Free Asia reported Thursday. Citing Curtis Melvin, a researcher at the U.S.-Korea Institute at Johns Hopkins University, RFA said the military facility situated south of Pyongyang is made up of a training ground with an obstacle course, vehicle driving training ground and firing range.Melvin made the claim after analyzing Google Earth satellite imagery of the communist country.
North KoreaJuly 28, 2016
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Samsung bets on 10-nanometer chip technology
[THE INVESTOR] Samsung Electronics said in its second-quarter conference call on July 28 that it would for the time being focus on rolling out 10-nanometer semiconductors rather than moving onto still-fledgling 7-nanometer chips. “The 10-nanometer chip production boasts the highest efficiency and is fit for commercialization,” an official from the tech giant said in the conference call held in the morning. Samsung Electronics’ 10-nano class DRAM chips.The company added that it is ready to produc
TechnologyJuly 28, 2016
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Hyundai Motor slips in US ranking
[THE INVESTOR] South Korea’s largest automaker Hyundai Motor slipped down in the US ranking of cars that measures the overall satisfaction of owning and driving cars. Hyundai Motor ranked ninth, down from second last year, among non-premium brands on the J.D. Power’s Automotive Performance, Execution and Layout Study, released on July 27. The result is based on responses from more than 80,000 purchaser and lessees of new vehicles who assessed the performance and design after 90 days of ownership
MobilityJuly 28, 2016
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Gov’t to launch market for startup stakes
[THE INVESTOR] The KRX Startup Market will be established this year to facilitate trading stakes in startups that raise money through crowdfunding, Financial Supervisory Commission Chairman Yim Jong-yong said on July 28. “A dedicated market for trading stakes in companies (which used crowdfunding) will be established to enable (investors) to reclaim their money early,” Yim said at an event marking six months since the introduction of crowdfunding. Since crowdfunding was introduced, 4,445 individ
July 28, 2016