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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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Korea Kolmar to supply generic CNS treatment to Abbott
[THE INVESTOR] Korea Kolmar has signed an agreement with Abbott Korea for the exclusive supply of drugs, it announced on July 27. It will be a contract manufacturing organization for two treatments for central nerve system disorder, including Aerica capsule that contains the active substance pregabalin. Kolmar Korea’s own lab developed the pharmaceutical preparation and it has been approved to manufacture the drug.The domestic market for pregabalin, known to be effective for reducing central neu
IndustryJuly 27, 2016
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Nexon Japan’s major shareholders are at tax havens: Chaebul.com
[THE INVESTOR] Many of Nexon Japan’s major shareholders were found to be offshore firms located in tax havens, according to data from conglomerate tracker Chaebul.com on July 27. In addition, a local brokerage -- Samsung Securities -- was discovered holding the third-largest stake in the gaming company through an overseas bank account. Nexon Japan is the headquarters of the South Korean gaming company Nexon Group founded by Kim Jung-ju who is currently being questioned for charges of bribery. Ki
CompaniesJuly 27, 2016
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Hyundai BNG Steel CEO facing indictment for chauffeur abuse
[THE INVESTOR] Hyundai BNG Steel CEO Chung Il-sun’s assault case has been transferred to the prosecution, with recommendations to indict him for violating the Labor Standards Act, the Ministry of Employment and Labor said July 27.Chung, who is a grandson of Hyundai Group founder Chung Ju-young, is alleged to have assaulted his chauffeur, and hired a total of 61 chauffers over the course of three years. Hyundai BNG Steel CEO Chung Il-sunHe is also accused of forcing his drivers to work more tha
IndustryJuly 27, 2016
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[EQUITIES] Kakao’s Q2 earnings to miss estimates
[THE INVESTOR] Eugine Investment and Securities on July 27 said that Kakao’s second-quarter earnings would miss estimates as the company’s online-to-offline businesses such as Kakao Driver has yet to gain momentum for profitability. The securities firm predicted the company’s April-July revenue and operating profit at 376.3 billion won (US$331.75 million) and 34.7 billion won, respectively, both missing earlier estimates. The suggested price for Kakao was also adjusted from the previous 170,000
July 27, 2016
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Kia Motors Q2 profit up 18.5% on new car launches
[THE INVESTOR] Kia Motors posted an 18.5 percent increase in second-quarter operating profit, driven by newly launched cars and solid demand in its major markets including the US and Europe. South Korea’s second largest automaker on July 27 reported the April-June operating profit of 770.9 billion won (US$679.20 million), compared with the 650.7 billion won from the same period last year. It is the first time that the company’s operating profit has exceeded the 700 billion-won mark since the sec
MobilityJuly 27, 2016
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Duty and dreams in ‘Light of Paris’
“The Light of Paris” By Eleanor BrownG.P. Putnam’s Sons (320 pages, $26)Macalester alumna Eleanor Brown’s second novel (her first was the delightful best-seller “The Weird Sisters”) recapitulates an old and sometimes hackneyed plot -- the transformation of an American woman in Paris -- in a fresh, endearing way. It is two stories in one -- the first set in 1999, when Madeleine, a thirty-something, drifting, unhappily married Chicago woman, visits her aging, crotchety mother in their small Southe
BooksJuly 27, 2016
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‘The Invoice,’ refreshingly original satire
“The Invoice” By Jonas Karlsson, translated from Swedish by Neil SmithHogarth Press (204 pages, $24)The narrator of Jonas Karlsson’s “The Invoice” is a nice, mild guy. He works part-time in a video store, rides his bike everywhere, enjoys watching movies, gets along fine. He’s not very ambitious, but he’s pretty happy -- which is his downfall. Because one day he gets a bill in the mail that says that he owes nearly 6 million kroner (about $750,000), although it’s not immediately clear why, or to
BooksJuly 27, 2016
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Contradictory rules that rule China
“5 Keys to Understanding China”By Ryu Jae-yunSeoul Selection (268 pages, 14,800 won, $13)Author Ryu Jae-yun says when managing business agreements in China, you might encounter instances when your partners start talking “blithely about something else altogether” rather than the issue at hand. “You find yourself wondering with frustration if they are even aware of what is really important and when, if ever, they will get around to addressing it,” writes the veteran businessman, who for two decade
BooksJuly 27, 2016
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‘Sarong Party Girls’ takes an exciting plunge into the lives of modern Singaporean women
Pineapple tarts. The thought of those flaky butter cookies topped with pineapple jam made Cheryl Lu-Lien Tan’s stomach churn. She craved the taste of them. And she had a hunger for home.It was early 2009, a few weeks before New York Fashion Week. Tan, a fashion writer for The Wall Street Journal at the time, had plenty on her plate, except for her grandmother’s cookies.She didn’t know how to make any of her favorite food from her homeland. So she took a break, traveling to the kitchens of her gr
BooksJuly 27, 2016
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Tim LaHaye, author of “Left Behind” end-times novels, dies
The Rev. Tim LaHaye, coauthor of the “Left Behind” series, a multimillion-selling literary juggernaut that brought end-times prophecy into mainstream bookstores, died Monday. He was 90.LaHaye died in a San Diego, California, hospital, days after having suffered a stroke, according to his publicist Johnnie Moore. Coauthored with Jerry B. Jenkins, the 16-volume “Left Behind” series of novels published by Tyndale House Publishers sold more than 80 million copies worldwide, Moore said, and populariz
BooksJuly 27, 2016
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Race to lead OLED market heats up
[THE INVESTOR] All eyes are now on who will take the reins in the upcoming era of organic light-emitting diode, which is expected to bring a generational change to mobile devices and the whole IT sector. The smartphone OLED realm has been a stronghold of Samsung Display whose market share reached 97.7 percent in the Jan-March period, according to market research firm IHS.Among the runner-ups in the segment are LG display of South Korea and AUO of Taiwan whose market share stood at 0.9 percent an
TechnologyJuly 27, 2016