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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Asiana Airlines picks CFM International engines for A320neo fleet
[THE INVESTOR] Asiana Airlines has chosen CFM International as the supplier of engines for its new aircrafts, local media reported on July 13. CFM International is a joint venture between GE Aviation and Snecma of France. According to reports, Asiana Airlines signed a US$ 950 million contract with CFM International to supply LEAP-1A engines for the Airbus A320neo aircrafts the Korean carrier is set to deploy starting in 2019.The contract reportedly includes the cost of parts and repairs for the
IndustryJuly 13, 2016
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Hyundai Motor, HHI unions to vote on strike plans
[THE INVESTOR] The labor unions of Hyundai Motor andHyundai Heavy Industries will put their strike plans to a vote on July 13. The two unions, which also plan to form a coalition if they strike, expect the plans to be approved. Hyundai Motor's union put their srike plans to a vote on July 13.The 47,000 members of Hyundai Motor’s union will cast their ballots at various locations across the country. With the ballots being counted at Hyundai Motor’s plant in Ulsan, the results are expected late i
MobilityJuly 13, 2016
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Hyundai Solaris tops Russian car market in H1
[THE INVESTOR] Hyundai Motor’s subcompact car Solaris topped the Russian market in the first half of the year, industry data showed on July 13. Called Hyundai Accent in Korea, Solaris was designed for the Russian market and launched in in 2011. According to industry data, 45,930 units of the Solaris were sold in Russia during the first six months of the year to become Russia’s best-selling vehicle. Called Hyundai Accent in Korea, Solaris was designed for the Russian market and launched in in 20
MobilityJuly 13, 2016
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Xiaomi CEO to meet Samsung executives on components
[THE INVESTOR] Xiaomi founder and chief executive Lei Jun is expected to visit Seoul this week to have a meeting with Samsung Electronics executives possibly on components partnership, industry sources said on July 13. This is the first time that the chief of the hot-selling Chinese smartphone-maker is visiting Korea, home turf of its archrival Samsung.Xiaomi founder and CEO Lei JunAccording to sources, the CEO will meet Jeon Young-hyun, president of Samsung’s memory chip business division who o
TechnologyJuly 13, 2016
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Samsung Electronics sends out invitation for Galaxy Note 7 launch in NYC
[THE INVESTOR] South Korean tech giant Samsung Electronics has sent out an invitation to the global news media for its upcoming Galaxy Note 7 launch event in New York City on Aug. 2.Launch events for the new smartphone will also take place simultaneously in Rio de Janeiro and London, according to the company. Samsung will also live stream the events on its websit (www.samsung.com).As widely rumored, the new smartphone, the sixth of the Note lineup, will be named the Galaxy Note 7 to align its nu
TechnologyJuly 13, 2016
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U.S. says South China Sea ruling 'final, legally binding'
The United States said Tuesday that an international tribunal's ruling on the territorial disputes in the South China Sea is "final and legally binding on both China and the Philippines," as tensions between the two superpowers rose higher.The Permanent Court of Arbitration in The Hague delivered the verdict rejecting China's claims to most of the South China Sea.The verdict was a victory for the Philippines and other Southeast Asian nations locked in maritime disputes with China.Beijing immedia
InternationalJuly 13, 2016
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Korea's export prices continue to drop in June
South Korea's export prices continued to fall from a year earlier in June due to a large drop in global oil prices that affected overall prices of South Korean petroleum products, central bank data showed Wednesday.Export prices, in terms of local currency, slipped 4.9 percent on-year last month, quickening from a 4 percent drop in the previous month, according to preliminary data from the Bank of Korea.From a month earlier, export prices inched up 0.2 percent, slowing from a 2.4 percent on-mont
July 13, 2016
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Distribution industry becoming more dependent on Chinese customers
South Korea's distribution industry has become heavily dependent on China for its profits, statistics indicated Wednesday, making them vulnerable to even political and social issues that can turn away consumers from the Asian neighbor. For Lotte Duty Free stores in Seoul, Chinese tourists accounted for 78 percent of its total sales for the January-June period this year, setting a new record. For all stores, 70 percent of the sales during the period were owed to Chinese shoppers, up from 59 perce
IndustryJuly 13, 2016
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Seoul stocks open higher on risk-taking sentiment
South Korean shares were off to a strong start Wednesday, as traders were increasingly in favor of risky assets.The benchmark Korea Composite Stock Price Index jumped 15.35 points, or 0.77 percent, to 2,006.58 in the first 15 minutes of trading.The global market has virtually dispelled Brexit fears, and the U.S. economy is gaining renewed momentum. Japan is preparing for another round of stimulus measures, further whetting investors' appetite.In New York, the Dow Jones industrial average rose 12
July 13, 2016
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Korea's jobless rate drops to 3.6% in June
South Korea's jobless rate dropped slightly in June from a year earlier, but the unemployment rate for young adults remained high amid a protracted economic slowdown, a government report showed Wednesday.The unemployment rate in Asia's fourth-largest economy stood at 3.6 percent last month, compared with 3.7 percent tallied in May, according to the report compiled by Statistics Korea.Job creation edged up from the previous month. The number of employed people stood at 26.55 million in June, up 3
July 13, 2016
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N. Korea feared to undertake aggressive provocations during Korea-U.S. exercises: U.S. expert
North Korea could undertake provocations, including not only weapons tests, such as missile launches, but also covert attacks on South Korea, next month when the South and the U.S. conduct joint military exercises, a U.S. expert said Tuesday.The communist nation is upset by the U.S. imposition of sanctions on leader Kim Jong-un last week for his role in the country's human rights violations, as well as by a decision by Seoul and Washington to deploy a THAAD missile defense battery in the South.P
North KoreaJuly 13, 2016
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Hague tribunal rejects China's expansive South China Sea claims
An international tribunal rejected China's extensive claims in the South China Sea in a landmark ruling Tuesday that also found the country had aggravated the seething regional dispute and violated the Philippines' maritime rights by building up artificial islands that destroyed coral reefs and by disrupting fishing and oil exploration.While the decision is seen as a major legal declaration regarding one of the world's most contested regions, China immediately rejected it as a “farce” and the tr
InternationalJuly 13, 2016