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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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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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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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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[Photo News]
An electronic screen at KEB-Hana Bank shows KOSPI recovered the 2,000-point level in three weeks on Wednesday. Yonhap
July 13, 2016
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LG Display to bet on mobile OLED
PAJU -- The chief of LG Display, the world’s largest maker of liquid-crystal displays, said he will invest in panels powered by organic light-emitting diodes, particularly for mobiles, admitting that the company is a latecomer in the segment.“Small and medium-sized OLED panels are the mega-trend and it is the right path to follow,” said Han Sang-beom, the CEO of LG Display at the company’s manufacturing cluster in Paju near the inter-Korean border on Tuesday afternoon. A 18 inch rollable display
TechnologyJuly 13, 2016
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LG Display chief dismisses immediate withdrawal from LCD biz
[THE INVESTOR] LG Display vice chairman and president Han Sang-beom on July 12 dismissed the possibility that the company would withdraw any time soon from the liquid-crystal display business where Chinese rivals are fast securing a footing with cheaper panels. “It is unavoidable for us to stick to LCD for now. We wouldn’t seek to withdraw from the market like our rival (Samsung Display),” Han told reporters at the company’s manufacturing plant in Paju, Gyeonggi Province. LG Display vice chairma
TechnologyJuly 13, 2016
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Stocks spike to 1-month high on massive foreign buying
South Korean shares pulled off a third straight day of gains to end at one-month high on Wednesday, riding on a global risk-on mood. The South Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index advanced 14.32 points, or 0.72 percent, to 2,005.55.It marks the first time in about three weeks that the KOSPI recovered the 2,000-point level.It opened higher on foreigners‘ buying binge but pared early gains as individual and institutional investors sought profit-ta
July 13, 2016
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[Newsmaker] Will ‘Pokemon Go’ launch in Korea?
Nintendo’s augmented-reality smartphone game “Pokemon Go” has been taking the world by storm, but many anxious Pokemon fans in South Korea have been left wondering: When will the game officially launch here?“Pokemon Go,” released in the U.S., Australia and New Zealand last week, is a GPS-based mobile game that involves users running through real-life city streets, parks and other locations to capture virtual monsters, such as the all-famous character Pikachu, via their smartphones.It uses a tech
TechnologyJuly 13, 2016
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[DECODED] A tale of two CEOs: men who sell Korean beauty
The numbers say it all: cosmetics is hot right now in Korea, soaring above the country’s struggling traditional sectors that include manufacturing, shipbuilding, electronics and construction.Behind the success of Korea’s booming cosmetics industry stand two men who made it all happen: Suh Kyung-bae, the 53-year-old head of leading cosmetics company AmorePacific, and Cha Suk-yong, 63, of rival LG Household & Healthcare.The two companies have major differences. AmorePacific is almost exclusively a
IndustryJuly 13, 2016
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Increased wages and red tape force Korean manufacturers abroad
A growing number of Korean manufacturing companies have been moving production facilities abroad, frustrated by rising wages and complicated regulations at home.While acknowledging that transferring factories to other countries may be an inevitable option for maintaining competitiveness in global markets, economists here express concern about the rapid pace of offshoring.According to data from the Bank of Korea and the Hyundai Research Institute, a private think tank, the proportion of overseas
July 13, 2016
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S. Korea’s export prices continued to fall in June: BOK
[THE INVESTOR] South Korea’s export prices continued to fall in June, mainly on the back of lower international oil prices, according to preliminary Bank of Korea data on July 13. Export prices, in terms of the Korean currency, fell 4.9 percent on-year in June, with the pace quickening from a 4 percent decline in May. The country’s export price index came to 77.97 percent last month, up 0.7 percent from 77.44 percent the previous month, according to the central bank data.However, from a month ea
July 13, 2016
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[DECODED] Daughter next in line at AmorePacific?
Suh Min-jung, the oldest daughter of AmorePacific group chairman Suh Kyung-bae, is only 25 years old but has over 450 billion won ($390 million) in inherited fortunes. Her personal wealth holdings are almost entirely in stocks of AmorePacific companies, a reason why market watchers pay keen attention to the young lady with regard to the group’s succession plan. The junior Suh, who last year finished her studies at Cornell University in the U.S. and briefly worked at consulting firm Bain & Compan
IndustryJuly 13, 2016
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BOK expected to cut growth forecast again
[THE INVESTOR] The Bank of Korea may lower its economic growth forecast again, and maintain the key rate at 1.25 percent. The central bank is set to hold a Monetary Policy Committee meeting on July 14, and announce a new growth forecast, and pundits say that the 2.8 percent target is likely to be lowered. BOK Gov. Lee Ju-yeol stated after last month’s meeting that the slowdown in global trade is bigger than initially anticipated, and that risks arising from corporate restructuring is likely to g
July 13, 2016
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[Newsmaker]
Two men (left) play Pokemon Go on their smartphones outside of Nintendo’s flagship store in New York City on Monday. AFP-Yonhap
TechnologyJuly 13, 2016
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Korea, U.S. pick southern county of Seongju for deploying THAAD
South Korea and the United States picked the mountainous southern town of Seongju as the location for deploying a Terminal High Altitude Area Defense system on Wednesday as the allies are speeding up efforts to place the anti-ballistic missile shield to counter North Korea's worsening nuclear and missile threats."South Korea and the U.S.' joint working group have proposed the Seongju area, North Gyeongsang Province, as the optimal place for the deployment ... and the countries' defense ministers
DefenseJuly 13, 2016
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Banks reluctant to issue refund guarantees for new shipbuilding orders
South Korean banks, increasingly concerned about their credit exposure to the ailing shipbuilders in the country, are reluctant to offer refund guarantees for new orders, industry sources said Wednesday.According to the sources, KEB-Hana Bank, the main creditor of Hyundai Heavy Industries Co., asked that rival banks offer refund guarantees on time, and not retrieve loans extended to Hyundai Heavy.A refund guarantee issued by a shipyard's bank is important for a ship owner when ordering a new ves
July 13, 2016
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All-star Korean pianists gear up for July performances
Several of the country’s top names in classical music are gearing up to hit the stage with new performances, promising a star-studded July for fans of local classical piano music. The first highly anticipated piano recital will kick off on Friday with the country’s latest classical phenom Cho Seong-jin, who last gave sell-out performances here in February. Cho is slated to perform alongside the Seoul Philharmonic at its upcoming recital of Chopin and Tchaikovsky later this week under the baton o
PerformanceJuly 13, 2016