Most Popular
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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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[Exclusive] Democratic Party of Korea forms US election task force
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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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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[Grace Kao] NewJeans fights Hybe for their survival
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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POSCO chairman donates W300m to stimulate job growth
POSCO chairman and CEO Kwon Oh-joon donated the 300 million won he received in prize last week to institutions that aim to stimulate jobs for young adults, the company said Friday.Last week, Kwon received the “Korea’s best scientist and engineer award” from the Science Ministry. POSCO chairman Kwon Oh-joonIn the awarding ceremony, Kwon said he would use the money to help create more jobs. He donated 100 million won each to the National Academy Engineering of Korea, Seoul National University and
IndustryJuly 15, 2016
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[Newsmaker] What’s next for Naver after Line IPO?
CHUNCHEON, Gangwon Province — After mobile messenger app Line Corp.’s high-profile stock market debut in the U.S. and Japan, the company and its parent Naver face a hefty task — staying competitive in the global mobile messenger and Internet market dominated by U.S. and Chinese Internet giants, such as Facebook, Google and Tencent. Japan-based Line Corp. owned by South Korean Internet giant Naver, went public on the New York Stock Exchange and Tokyo Stock Exchange on Thursday and Friday after ra
TechnologyJuly 15, 2016
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China’s LCD production to reach 80% level of Korea by 2018
[THE INVESTOR] China’s production of larger liquid-crystal display panels, mostly for TVs, is expected to reach the 80 percent level of Korea’s current production in the next three years, a local research firm predicted in a recent report. According to UBI Research, about 525,000 larger LCD panels are estimated to be produced in China and Taiwan from 2018, considering additional investments planned in the coming years. By Lee Ji-yoon (jylee@heraldcorp.com)
TechnologyJuly 15, 2016
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World reacts to Nice ‘terrorist’ attack
PARIS (AFP) - Politicians from around the world have reacted with horror after a truck smashed into a crowd in the French resort of Nice, killing at least 84 as they watched a Bastille Day fireworks display. Following are the main reactions: - US President Barack Obama condemned what he said appeared to be a “horrific terrorist attack”. U.S. President Barack Obama (AFP-Yonhap)“We stand in solidarity and partnership with France, our oldest ally, as they respond to and recover from this attack,”
World NewsJuly 15, 2016
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Seoul shares up again on foreign buying
South Korean shares maintained momentum on Friday, going up for a fifth consecutive day thanks to an unrelenting buying spree by foreigners. The South Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index climbed 8.49 points, or 0.42 percent, to 2,017.26.Trade volume recorded 473.6 million shares worth 4.5 trillion won (US$3.9 billion), with decliners outnumbering advancers 410 to 382.Foreigners net-purchased 485 billion won worth of shares, while individuals an
July 15, 2016
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[Weekender] Pangyo shakes things up with young, creative approach
Pangyo Techno Valley, a tech hub modelled after Silicon Valley in the U.S., is emerging as a new national growth engine as South Korea’s conventional manufacturing industries stutter.The complex located in southern Gyeonggi Province is comprised of more than 1,000 tech start-ups specializing in biotechnology, media content and nanotechnology. Big game companies such as NHN Entertainment, Nexon and NCsoft, as well as security giant AhnLab and mobile messenger behemoth Kakao all have a presence th
TechnologyJuly 15, 2016
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[EQUITIES] NH Investment cuts Hyundai Glovis earnings target for the year
[THE INVESTOR] NH Investment & Securities on July 15 lowered its earnings target on Hyundai Glovis, citing slowing exports of its parent company, Hyundai Motor.NH cut the logistic firm’s sales target for this year and 2017 by 1.5 percent and 3.5 percent, respectively.But for second-quarter earnings, NH said the firm would maintain solid growth, with operating profit rising 12.7 percent to 178.8 billion (US$ 155.93 million) and sales growing 5.3 percent to 3.89 trillion won. By Kim Ji-hyun (jemmi
July 15, 2016
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[EQUITIES] Mirae Asset Daewoo cuts EPS on Kakao
[THE INVESTOR] Mirae Asset Daewoo Securities on July 15 cut its earnings per share ratio for this year and 2017 by 17.6 percent and 17.7 percent, respectively. It said this was mainly because Kakao’s latest online-to-offline business such as the Kakao designated driver service has yet to be reflected in stock prices. At the same time, expenses are expected to rise throughout the second and third quarters, further weighing on the messaging service’s profit. The brokerage added that it would have
July 15, 2016
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Hanwha Galleria opens duty-free shop in 63 Building
[THE INVESTOR] Hanwha Galleria held a grand opening for its duty-free store in Yeouido, Seoul, Friday. Although it was open to public since December last year, Galleria Duty Free 63 marked its official launch with a ceremony attended by group chairman Kim Seung-youn. Boasting a prime location in the group’s 63 Building, the store seeks to attract tourists who will not only be able to shop more than 540 domestic and international brands but also enjoy the view of Seoul at the observatory and expe
IndustryJuly 15, 2016
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Samsung to acquire stakes in Chinese EV giant
[THE INVESTOR] Samsung Electronics is renewing its automotive push with its latest decision to acquire sizeable shares in China’s largest electric vehicle manufacturer, BYD. The company confirmed the deal on Friday but declined to reveal the specific size of the investment. Earlier in the day, a local newspaper reported that Samsung would invest 3 billion yuan ($448 million) in the Chinese company. “The latest investment aims to strengthen our partnership on automotive and smartphone parts. Sams
TechnologyJuly 15, 2016
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New JFK Jr. documentary looks back at 'America’s prince'
BOSTON (AP) -- “America’s prince” is getting a new documentary.“I Am JFK Jr. -- A Tribute to a Good Man,” which hits select theaters on July 22, captures the fascination with John F. Kennedy Jr., from his early days toddling around the White House to his death in a plane crash in 1999.Network Entertainment’s Derik Murray made the film in the mold of his other “I Am” movies, including “I Am Bruce Lee,” “I Am Chris Farley” and “I Am Evel Knievel.” It also airs on Spike TV at 9 p.m. EDT on Aug. 1,
FilmJuly 15, 2016
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Ilsan eyed as ‘second Pangyo’
The Gyeonggi government announced last month that it has chosen Ilsan as the site for a large-scale advanced tech cluster focusing on visual reality and IT health care services. The Ilsan techno valley will be “the second Pangyo,” it said. A bird’s eye view of Ilsan Lake Park. (Goyang City Hall)“We highly expect Ilsan Techno Valley will make great accomplishments in job creations, just like Pangyo,” Gyeonggi Province Gov. Nam Kyung-pil said at a press briefing.The northern part of Gyeonggi reall
IndustryJuly 15, 2016
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Techno valley -- Korea’s start-up hub
Techno valleys in Korea are playing a pivotal role as hubs for technology start-ups as the government pushes to boost innovation through policy measures. Pangyo Techno Valley in Seongnam, Gyeonggi Province, which opened in 2011, is one of the leading techno valleys in Korea. It started small. Having only 82 companies in the 661,000-square-meter-large land, the first-year sales reached just 5 trillion won, ($4.3 billion).Pangyo Techno Valley, however, soon drew a sharp growth as the number of com
IndustryJuly 15, 2016
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[Highlights] Arts and entertainment calendar
Exhibitions “Treasures from Afghanistan”: The National Museum of Korea is holding an exhibition that showcases more than 230 rare Afghan artifacts. The exhibition, started in Paris in 2006, has been hosted by 18 museums in 11 countries around the world, including the National Gallery of Art in Washington D.C., the Metropolitan Museum of Art in New York and British Museum in London before arriving in Seoul. The featured artifacts, dating from the Bronze Age to the third century, offers a comprehe
PerformanceJuly 15, 2016
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New budget carrier Air Seoul to launch flight services to Japan
Air Seoul, a new low-cost carrier under Asiana Airlines, said Friday it plans to launch flight services to four Japanese cities in October.The budget carrier is set to take over two routes that connect Incheon to Shizuoka and Takamatsu, respectively, from its parent carrier while flying to and from Nagasaki and Yamaguchi Ube in early October.Air Seoul also said it is set to take over some of Asiana Airlines' flight services to Southeast Asian destinations.The budget carrier, a wholly owned unit
IndustryJuly 15, 2016
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Prosecution seeks arrest of Lotte Homeshopping chief
[THE INVESTOR] The prosecution investigating the Lotte Group corruption case filed for an arrest warrant for Lotte Homeshopping CEO Kang Hyun-gu on July 14. Kang is the first CEO of a Lotte Group company to face arrest in the ongoing case. Kang is suspected of destruction of evidence, violating the Broadcasting Act, and embezzlement and breach of trust under the Act on Aggravated Punishment, etc. of Specific Economic Crimes. According to the prosecution, Kang provided false information in applyi
IndustryJuly 15, 2016