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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Lotte Fine Chemical seeks new owner for solar power components maker
[THE INVESTOR] Lotte Fine Chemical will begin the process of selling the solar power generation materials maker SPM, finance industry sources said July 27.They noted that Deloitte Anjin will announce the sale during the week and begin seeking a buyer. Lotte Fine Chemical holds 15 percent of SPM, which was founded as a joint venture between US’s SunEdison and Samsung Fine Chemical. Lotte Fine Chemical was established by Lotte Group by acquiring Samsung Fine Chemical. By Choi He-suk (cheesuk@heral
IndustryJuly 27, 2016
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LG Household & Health Care posts record performance in H1
[THE INVESTOR] Boosted by the leaping turnover of its higher-end cosmetics lines The History of Whoo and su:m 37 in Korea and overseas, LG Household and Health Care has reported a record high performance both for the second quarter and the first half of the year. Its second-quarter operating profit jumped 34.1 percent to 225.4 billion won (US$220 million) and revenue came in at 1.55 trillion won, rising 18.5 percent from the same period last year, the company announced on July 26. LG Household a
IndustryJuly 27, 2016
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LG Display posts Q2 net loss of $73.7 mln
LG Display Co., the world's largest maker of liquid crystal displays, suffered a net loss of 83.9 billion won ($73.7 million) for the second quarter of this year, hit by weaker demand for smartphone panels. Its second-quarter operating profit plunged 91 percent on year to 44 billion won, the company said in a regulatory filing on Wednesday. Sales for the April-June period also declined 13 percent from a year earlier to 5.9 trillion won, the company said. (Yonhap)
July 27, 2016
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Korea, U.S. hold talks on expanding defense technology cooperation
South Korea and the United States will take steps to expand cooperation in defense technology exchanges and the conventional arms trade, the defense ministry said Wednesday. In the first ever Defense Technology Strategy & Cooperation Group meeting, Vice Defense Minister Hwang In-moo met his U.S. counterpart David Shear, principal deputy under secretary of defense for policy, to discuss ways to promote defense technology cooperation between the two countries, the Ministry of National Defense said
DefenseJuly 27, 2016
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Clinton officially clinches Democratic presidential nomination
Hillary Clinton formally clinched the Democratic Party's presidential nomination Tuesday as opinion polls point to increasingly ominous signs against her bid to become the first female president in U.S. history.The former secretary of state and first lady received a majority of delegates in a state-by-state roll call vote on the second day of a four-day national convention held at Wells Fargo Center in Philadelphia.She is the first female presidential nominee of a major party in U.S. history.Cli
World NewsJuly 27, 2016
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LG Display to spend $1.75 bln on OLED display facility
LG Display Co. on Wednesday said it will spend 1.99 trillion won ($1.75 billion) to build a new production line for small to medium-sized organic light-emitting diodes used for smartphones and smartwatches. The new production line in South Korea will have a capacity of 15,000 sheets of the new OLED per month, LG Display said in a statement.LG Display said it will complete building the new facility by 2018, which will allow the company to produce a total of 30,000 sixth-generation OLED panels, th
TechnologyJuly 27, 2016
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Korea's int'l air passenger traffic jumps 48% in June
International air passengers to and from South Korea jumped nearly 48 percent on-year in June, marking a strong recovery from a large dip caused by the outbreak of the deadly Middle East Respiratory Syndrome a year earlier, government data showed Wednesday.International air passengers to and from the country came to 5,968,161 last month, up 47.9 percent from the same month last year, according to the Ministry of Land, Infrastructure and Transport.Overall air passenger traffic jumped 44.5 percent
IndustryJuly 27, 2016
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Korea's consumer sentiment slightly improves in July
The overall sentiment of South Korean consumers slightly improved from a month earlier in July as a growing number of people predicted better economic conditions down the road, central bank data showed Wednesday.The composite consumer sentiment index for July came to 101, compared with 99 the previous month, according to the data from the Bank of Korea.A reading above 100 means optimists outnumber pessimists.The rise in consumer sentiment came as people believe their living conditions could get
July 27, 2016
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Over 70% of listed firms disclose consolidated financial statements
More than 70 percent of firms listed on the South Korean equity market disclosed their consolidated financial statements for the fiscal year 2015, a government tally showed Wednesday.Among the 1,846 listed companies, 1,327, or 71.9 percent, made public their CFSs, according to the Financial Supervisory Service.The number jumped by 73 from a year earlier but the ratio dropped 1.9 percentage points due to an increase in the number of listed firms.The number of subsidiaries owned by the listed comp
July 27, 2016
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S. Korean deputy national security adviser in U.S. for talks about pressuring N. Korea
South Korea's deputy national security adviser, Cho Tae-yong, arrived in Washington on Tuesday for talks with U.S. officials about how better to pressure North Korea over its nuclear and missile programs.Cho is scheduled to meet with Deputy Secretary of State Tony Blinken on Wednesday for the third round of high-level strategic talks on North Korea that were established under an agreement President Park Geun-hye reached with U.S. President Barack Obama at their summit in October."Having the same
North KoreaJuly 27, 2016
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U.S. urges N. Korea to refrain from destabilizing rhetoric
The United States urged North Korea on Tuesday to refrain from destabilizing rhetoric and actions after Pyongyang's top diplomat threatened the country could conduct yet another nuclear test depending on the "U.S.' attitude."North Korean Foreign Minister Ri Yong-ho made the remark to reporters in Laos on the sidelines of a regional security forum, arguing that what he calls the U.S. "hostile policy" toward the North is increasingly becoming severe.Ri also said the "biggest hostile act" by the U.
North KoreaJuly 27, 2016
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Additional nuke test depends 'entirely' on Washington: N.K.'s top diplomat
North Korea's top diplomat blamed the United States Tuesday for dashing hopes for denuclearization on the Korean Peninsula, saying that whether or not there will be additional nuclear tests depends "entirely" on Washington's attitude.In a hastily-arranged press meeting after attending a regional security gathering held in the Laotian capital, North Korean Foreign Minister Ri Yong-ho also demanded U.S. troops pull out of South Korea altogether."It is the U.S.' hostile policy that is making the cu
North KoreaJuly 27, 2016