Most Popular
-
1
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
-
2
[KH Explains] Can smart chargers ease tensions over EV fires?
-
3
1 in 5 households to have breadwinner over 80 in 30 years
-
4
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
-
5
Assembly to review disputed appointment of national soccer team coach
-
6
New Fifty Fifty off to strong start
-
7
Arrival of fall calls for more outdoor festivals
-
8
Middle East’s big AI push lures Korean tech firms
-
9
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
-
10
Evicted guest burns down inn; 3 killed
-
[Photo News] Hyundai Motor heir's tribute to Halla founder
Hyundai Motor vice chairman Chung Eui-sun (right) is greeted by his uncle and Halla Group chairman Chung Mong-won during his visit to the cemetery where the late Halla chairman Chung In-young lies, on the occasion of the 10th anniversary of his death in Yangpyeong, Gyeonggi Province, on Wednesday. Chung In-young is a brother of the late Hyundai founder Chung Ju-yung whose grandson is Chung Eui-sun. (Yonhap)
IndustryJuly 20, 2016
-
Busan Bank raising $250m through CoCo bonds
Busan Bank, a subsidiary of BNK Financial Group, has sold contingent convertible bonds, or CoCos, worth $250 million, the lender said on Wednesday. The 10-year additional tier 1 bond, which drew orders of almost $2.4 billion, is priced with a coupon of 3.675 percent. “It is the lowest rate among US dollar-denominated CoCos ever issued in Asia since Basel III came into effect,” an official at Busan Bank said. The Basel III is a global regulatory framework on bank capital requirements, stress test
July 20, 2016
-
Mexico to slap massive anti-dumping tariff on Dongbu Metal
[THE INVESTOR] Dongbu Metal’s high carbon ferromanganese could be subjected to a 35.65 percent anti-dumping tariff in Mexico.According to the Korea International Trade Association and the Ministry of Trade, Industry and Energy, Mexico’s trade commission preliminarily passed the anti-dumping measure on Dongbu Metal’s high carbon ferromanganese. Dongbu Metal has been exporting high carbon ferromanganese to Mexico since July 2014. The South Korean company is reported to have supplied 7,700 metric t
IndustryJuly 20, 2016
-
Survey shows signs of improving S. Korea-Japan relations
Fewer Koreans have a negative impression of Japan this year compared with last year, while the number of Japanese who think badly about Korea also declined, a recent survey by private think tanks showed Wednesday, suggesting bilateral relations are improving after going through a rough patch in recent years caused by shared historical issues.The survey, commissioned by the Korean think tank East Asia Institute and Japan-based Genron NPO, was conducted from June through July on 1,010 Koreans and
Social AffairsJuly 20, 2016
-
Kumho Tire relaunches premier league marketing campaign
Kumho Tire has signed a two-year partnership with Tottenham Hotspur starting from the 2016-17 season, it announced Wednesday. At a ceremony held at Hotspur Way in London on July 19 local time, Kumho Tire CEO Lee Han-seob shook hands with club manager Mauricio Pochettino, celebrating the launch of the partnership with the English soccer club. Players including Son Heung-min and Christian Eriksen attended the event. (Tottenham Hotspur)“We are thrilled to be working with such a prestigious and glo
MobilityJuly 20, 2016
-
Kakao boosts investment in games
Mobile messenger operator Kakao has been boosting investment in local game firms apparently to secure continued cash flow while its new online-to-offline business takes time to generate meaningful profits. Kakao announced Tuesday it plans to invest in game developer Shiftu, run by a former art director of “Blade & Soul.” In May, the company also invested 3 billion won ($2.6 million) in mobile role-playing game developer Kokomo and 1 billion won in social-networking game maker V8. (Kakao)Now, it
TechnologyJuly 20, 2016
-
Hyundai Elevator to launch joint venture in Turkey
Hyundai Elevator has signed a joint venture agreement with Turkey’s STFA Group in Istanbul on July 19 local time to launch its local operations, it announced on Wednesday. The Korean company has taken over 51 percent stake in the Turkish group’s subsidiary HMF Asansor and will launch Hyundai Elevator Turkey, aiming to develop the country as “the second home market” and make inroads into Europe as well. “It will top the country’s market share and post sales of over 100 billion won ($87.77 million
IndustryJuly 20, 2016
-
Kiwoom Securities to acquire TS Bank
Kiwoom Securities will acquire a Seoul-based savings lender TS Bank to expand its revenue sources, the Korean brokerage firm said on Wednesday. Kiwoom plans to buy the entire stake -- 2 million shares -- in TS Bank for 88.5 billion won ($77.52 million), according to the firm’s regulatory filing. Currently, TS Bank runs two branches in Yeoksam and Yeouido, Seoul. Kiwoom said the acquisition plan aims at “increasing revenue by entering the savings banking business.” The deal is the latest move by
July 20, 2016
-
[Editorial] Gender inequality
Two years ago, the government established a task force, composed of major conglomerates and civic groups, on narrowing the nation’s gender gap and increasing women’s participation in the workforce.Despite the effort, South Korea still has an enormous gender gap, with the World Economic Forum’s Global Gender Gap Report in 2015 placing Korea 115th out of 146 nations in gender equality.According to the report from the Swiss-based WEF, female economic participation and opportunities stood at 56 perc
EditorialJuly 20, 2016
-
Starbucks drinks to sell for half price this week
Drinks at Starbucks will sell for half price during the company’s 17th year anniversary event period this week, Starbucks Coffee Korea announced on Wednesday.The “Happy Hour” event will be held from Thursday to Saturday, between 3 p.m. and 5 p.m. at more than 900 Starbucks stores nationwide in Korea.Exceptions to the event are stores at leisure complexes Vivaldi Park Ocean World and Phoenix Park, as well as expressway service station Majang Premium. Non-barista-made drinks such as Starbucks Rese
IndustryJuly 20, 2016
-
[DECODED] Behind high life, Samsung heiresses on tough road to top
Having the richest man in the country as a father is not just about having lifelong access to fortune. As members of the family in the Samsung empire, not only Lee Jae-yong, the chairman’s only son and the heir apparent, but also his two sisters have long been in the public eye, along with much speculation. Will they be competitors or collaborators in the new era of Samsung, soon to be ruled by their untested brother? The latter, experts say. But they might take their own path afterwards, just l
IndustryJuly 20, 2016
-
Workers in 60s more likely to have jobs than 20-something
The number of those in their 60s who got hired in the second quarter of this year exceeded those in their 20s for the first time in two years, according to Statistics Korea on Wednesday.As life expectancy increases and employees seek to push back retirement as companies adopt a wage peak system, a growing number of elders are looking to either remain in the workforce as long as they can or try to reenter the labor market to further prepare for their postretirement.The number of those employed in
July 20, 2016
-
[Editorial] Internal conflict
Pyongyang has test-fired three ballistic missiles in an apparent protest against the Seoul’s decision to deploy the Terminal High Altitude Area Defense system in the southern county of Seongju, North Gyeongsang Province.Like military officials’ interpretation, the North’s missile launches are in line with its earlier threats. Last week, it warned of a “physical counteraction” after South Korea and the U.S. announced the THAAD deployment, scheduled for 2017, to better deal with evolving nuclear a
EditorialJuly 20, 2016
-
SK Telecom seeks leadership in mobile navigation business
South Korea’s leading network operator SK Telecom vowed to become an uncontested leader in the local mobile navigation business by making its flagship car navigation app T-map free for everyone starting from Tuesday.By freeing up T-map -- which non-SKT subscribers previously had to pay 4,000 won ($3.50) per month to use -- SKT is looking enhance the app’s competitiveness by securing more users. A model holds up a smartphone with SKT's flagship mobile navigation T-map in operation. From Tuesday,
TechnologyJuly 20, 2016