Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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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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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Exclusive] Democratic Party of Korea forms US election task force
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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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[Graphic News] Korea‘s tourism deficit edges up this year
Korea has seen its deficit from tourism inch up in the first five months of the year, central bank data showed Sunday.The tourism deficit reached $1.49 billion in the January-May period, up 1.3 percent from the $1.47 billion from the same period last year, according to the data by the Bank of Korea.The BOK attributed the continued deficit of the industry to an increasing number of Koreans going abroad on vacation due to cheap airfare. The number of Koreans who traveled abroad came to 8.85 millio
July 11, 2016
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Korean Air issues W900b ABS
[THE INVESTOR] Korean Air Lines disclosed on July 11 that it has issued asset-backed securities to the value of 900 billion won (US$ 783 million). Korea Air’s latest ABS are backed by the company’s passenger fare income on domestic flights. The company had initially planned to issue ABS to the value of 700 billion won, but raised the figure to secure funds while interest rates are low, a Korean Air official told the local media. With the latest issuance, the company has issued ABS valued at 1.2
July 11, 2016
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Beer festival in Sinchon to invite Song Joong-ki
The second Sinchon Beer Festival will take place on Thursday and Friday in Sinchon’s main street, which stretches from Sinchon Station exits three and four to the front gate of Yonsei University.Hallyu star Song Joong-ki of the hit drama “Descendants of the Sun” will make an appearance at the festival opening as a face for distiller Hite-Jinro, which is sponsoring the festival. (KBS)The company had said on Facebook two weeks ago that it would set up an artificial beach at the festival and invi
CultureJuly 11, 2016
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HMM to upgrade overseas terminals
[THE INVESTOR] Struggling Hyundai Merchant Marine will install four new gantry cranes at its container terminal based in Taiwan as part of the shipbuilder’s effort to strengthen service quality in the overseas market. HMM will complete setting up the large gantry cranes -- which are used to lift shipping container -- at Kaosiung Hyundai Terminal in Taiwan on July 12, the company said on July 11. The terminal will be able to handle 700,000 twenty-foot-equivalent-unit volume annually, an increase
IndustryJuly 11, 2016
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Hyundai Motor union readies for strike
[THE INVESTOR] Hyundai Motor’s labor union on July 11 announced that an industrial dispute has occurred, setting the stage for strikes in this year’s labor-management negotiations. Under local laws, a union can legally take industrial action after a 10-day review by the state labor committee. Any industrial action also needs the approval of union members. The carmaker’s union, which applied for labor committee’s review on July 5, plans to put the strike plans to a vote on July 13. If approved by
MobilityJuly 11, 2016
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Lotte most frequent violator of fair trade laws: watchdog data
[THE INVESTOR] Lotte Group was the most frequent violator of Korean fair trade laws among the country’s top 10 conglomerates, according to a local legislator on July 11.Citing data from the Fair Trade Commission, Yoo Eui-dong of Saenuri Party said Lotte violated related laws on 73 different occasions between 2013 and 2015.This was the highest among the 10 largest industrial groups in South Korea.Of the 93 Lotte affiliates, Lotte Shopping’s violations reached nine, followed by Woori Homeshopping
IndustryJuly 11, 2016
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CJHV, SKB submit reports to convince FTC of M&A
[THE INVESTOR] Cable TV network operator CJ HelloVision and IPTV firm SK Broadband submitted follow-up reports to the antitrust watchdog after its recent rejection of their merger and acquisition deal.The two companies refused to provide any details of the report, but they are said to have claimed the feasibility of the planned M&A deal.The Fair Trade Commission had opposed the proposed M&A plan on the grounds that the combined business entity will become a dominant player in the pay TV market a
TechnologyJuly 11, 2016