Most Popular
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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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Middle East’s big AI push lures Korean tech firms
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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New Fifty Fifty off to strong start
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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Rep. Joo to run for Saenuri leadership election
Rep. Joo Ho-young, one of the anti-President Park Geun-hye faction lawmakers within the ruling Saenuri Party, said Monday he will run in the leadership election slated for August, making him the sixth contender for the conservative party's top post."Amid the fast-changing world, the public will consider Saenuri to be an extreme right-wing party that supports the privileged if someone who already headed the party becomes the new leader," Rep. Joo said in a statement, apparently referring to Rep.
PoliticsJuly 18, 2016
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[EQUITIES] Solid footing in China to bolster AmorePacific’s Q2 earnings
[THE INVESTOR] AmorePacific, South Korea’s largest cosmetics maker, is expected to log strong second-quarter earnings thanks to its solid performance in China, a local securities firm BNK Securities said on July 18. On a consolidated basis, sales for the April-June quarter were estimated at 1.43 trillion won (US$1.26 billion), up 20 percent on-year while its operating profit will expand by 18.9 percent to 247.5 billion won, according to Lee Seung-eun, an analyst at BNK Securities. Three brands u
July 18, 2016
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Korean shares down in late morning trading
Korean shares traded lower late Monday morning, but pared earlier losses on the back of foreign buying.The benchmark Korea Composite Stock Price Index shed 0.33 point, or 0.02 percent, to 2,016.93 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics adding 0.53 percent, and global chipmaker SK hynix up 0.46 percent.AmorePacific, the largest cosmetics maker, dipped 0.59 percent.In contrast, top automaker Hyundai Motor fell 0.75 percent, and its smaller affiliate Kia Mot
July 18, 2016
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Gov't confirms 142 additional Korean War abductees
A Korean government panel presided by the prime minister said Monday it has confirmed an additional 142 people abducted by Pyongyang during the 1950-53 Korean War.The government launched the committee in 2010 under a special law aimed at recovering the honor of those who were abducted by the North. So far, Korea confirmed 4,782 people were abducted during the three year conflict.stock image. 123rf.Among the newly listed victims, farmers and fishermen accounted for the majority at 57.8 percent, f
Social AffairsJuly 18, 2016
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Park meets Mongolia's new parliamentary chief, prime minister
President Park Geun-hye on Monday held talks with Mongolia's new parliamentary chief and prime minister as part of her efforts to strengthen economic and political ties with the resource-rich country.Park met separately with Miyeegombo Enkhbold, the chairman of the State Great Assembly, Mongolia's unicameral legislature, and then Prime Minister Jargaltulga Erdenebat. Both Mongolian politicians were inaugurated earlier this month after their Mongolian People's Party won a landslide victory in las
Diplomatic CircuitJuly 18, 2016
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Korean wrestlers see Rio Olympics as 'war'
For Korean wrestlers, the mats at Rio de Janeiro Olympics next month will be their battlefields.At the pre-Olympic media day held at the National Training Center in Seoul Monday, the five wrestlers -- two in freestyle and three in Greco-Roman -- and their coaches talked about having the mentality of soldiers going to war."I am going to be prepared like a warrior and try to bring home a gold medal," said Kim Hyeon-woo, the 2012 Olympic champion in the men's 66kg Greco-Roman event. He has since mo
SportsJuly 18, 2016
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Hyundai Motor chief says Genesis, eco-friendly cars key for survival
[THE INVESTOR] Hyundai Motor Group chairman Chung Mong-koo is scheduled to hold a meeting with some 60 heads of overseas operations at the Seoul headquarters on July 18 to discuss ways to elevate the carmaker’s slowing sales. The meeting, held twice a year, comes after the nation’s largest carmaker -- the fifth globally -- suffered a 2.4 percent decline in sales in the first half of this year compared to a year ago. Hyundai Motor Group’s chairman Chung Mong-kooIn the January-June period, Hyund
MobilityJuly 18, 2016
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Short-term Idle capital hits record high
The volume of short-term "floating" capital in South Korea hit an all-time high of more than 950 trillion won ($835 billion) amid record-low interest rates and increased uncertainties, data showed Monday.According to the Bank of Korea and the Korea Financial Investment Association, cash and other short-term capital totaled 958.9 trillion won as of end-May, up 15.1 trillion won from a month earlier. It stood at 866.3 trillion won in May last year. It marks the first time that such floating capita
July 18, 2016
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Household debt rises despite gov’t projections
[THE INVESTOR] South Korea’s household debt jumped more than 36 trillion won (US$ 31.70 billion) during the first five months of the year, Bank of Korea data showed. The rate of increase is higher than that recorded in the same period last year, in stark contrast to the government’s projections that the rate of increase will drop. According to the data, loans taken out by Korean households taken out from all depository institutions increased by 36.21 trillion won during the first five months of
July 18, 2016
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[EQUITIES] Hyundai Glovis 2016 earnings estimates lowered by analyst
[THE INVESTOR] HMC Investment Securities lowered its annual sales forecast for Hyundai Glovis and cut its target price on the stock from 280,000 won (US$246.31) to 260,000 won on July 18. “We cut the company’s revenue estimate due to sluggish exports of cars manufactured here,” said Kang Dong-jin, an analyst at HMC Investment Securities. Automobiles are lined up to be loaded abroad a transport ship operated by Hyundai Glovis in Pyongtaek./ Hyundai GlovisThe securities company lowered its sales e
July 18, 2016
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New 'Seoul Best 100' guidebook to be published
An updated Seoul guidebook will be published by the end of the year to reflect new tourist attractions and public transportation in the Korean capital, a city official said Monday."We've placed an order to make 100,000 copies of the new 'Seoul Best 100' by spending 160 million won (US$140,000)," the source said. The new 120-page guidebook will be printed in five languages -- Korean, English, simplified and traditional Chinese, and Japanese -- the official said. "We'd like to help tourists visiti
Social AffairsJuly 18, 2016
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LG Chem to supply batteries for NASA's spacesuits
LG Chem Ltd., Korea's largest chemicals maker, will start supplying lithium-ion batteries for NASA's spacesuits in the second half of the year, the company said Monday. The contract with NASA marked the first such deal for a Korean company, LG Chem said. (Yonhap)LG Chem said its new battery's lifespan is five times longer than conventional silver-zinc batteries that are used in military and aerospace industries. Financial terms of the deal were not disclosed. Lee Ung-beom, head of LG Chem's bat
TechnologyJuly 18, 2016
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Pyongyang lashes out at ASEM statement, criticizes U.S. hegemony attempt
North Korea's foreign ministry on Monday lashed out at the recent Asia-Europe Meeting for issuing a statement that condemned its nuclear and missile programs, calling the move a "reckless act" that further escalated tensions on the Korean Peninsula. In response to a question from a reporter with the Korean Central News Agency, a North Korean foreign ministry spokesman said that the United States is the main culprit fueling the possibility of nuclear war breaking out on the Korean Peninsula. The
North KoreaJuly 18, 2016