Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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[Exclusive] Democratic Party of Korea forms US election task force
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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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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Arrest warrant sought for Lotte chairman's sister
Prosecutors on Monday requested an arrest warrant for Shin Young-ja, the sister of Lotte Group chairman Shin Dong-bin on charges of bribery and embezzlement.Shin Young-ja is accused of embezzling money from a luxury consulting company owned by her son and naming her daughters as executives at the company to receive salaries. She is also suspected of taking kickbacks totaling approximately 3 billion won ($2.6 million) from cosmetics company Nature Republic in exchange for granting favors regardin
IndustryJuly 4, 2016
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Finance MInister denies gov’t intervention in exchange rates
[THE INVESTOR] Finance Minister Yoo Il-ho on July 4 denied that the government is directly intervening in the forex market to control exchange rates. “(The government) has done nothing to become directly involved in the market to (bring about) low or high exchange rates,” Yoo, who also doubles up as deputy prime minister for economic affairs, said in response to a query by Rep. Yoo Sung-yop of the minor opposition People’s Party.Finance Minister Yoo IL-hoThe opposition lawmaker had stated that t
July 4, 2016
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US trade commission cites KITA’s report
The United States International Trade Commission has quoted the submission of the Korea International Trade Association in its latest report on the impacts of free trade agreements. The report, titled “The Impact of the Trade Agreement,” published by the USITC in June, cited the paper that suggested positive impacts of the Korea-U.S. free trade agreement, according to KITA on Monday. (123rf)“U.S. exports to Korea of IP (intellectual property)-intensive products and services, including software,
IndustryJuly 4, 2016
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[KOSDAQ STAR] Vieworks - leader in enterprise imaging solutions
Canon, Sony and Nikon may spring to mind when people think of consumer digital camera brands, while Arri and Panavision would be the most sought-after motion picture cameras for filmmakers.In the world of high tech industries such as health care, displays and semiconductors, a highly sophisticated camera is needed to spot the tiniest flaws in assembly lines or spot health irregularities inside human bodies. High-performance industrial cameras by Vieworks.(Vieworks)This is where Vieworks comes in
July 4, 2016
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Jeju Air to expand service for peak season
[THE INVESTOR] Jeju Air, Korea’s largest low-cost carrier, will launch new routes and expand the number of airplanes in the third quarter to meet demand in the busiest time of the year. The air carrier on July 20 will launch three new routes leaving from Incheon International Airport. They are to Sapporo in Japan, Kota Kinabalu in Malaysia, and Phuket in Thailand, the company said on July 4. With the new addition, Jeju Air will serve six Japanese cities, including Tokyo, Osaka, Nagoya, Fukuoka,
IndustryJuly 4, 2016
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FTC concludes review on SK-CJ HelloVision merger
South Korea’s antitrust regulator has concluded its review of the controversial merger between SK Telecom and CJ HelloVision, ending seven months of assessments on the possibility of the deal impeding fair market competition, according to industry sources Monday.The Fair Trade Commission has reportedly sent its report to SK Telecom, they said without elaborating. The state-run regulatory body will also send the review to the Korea Communications Commission and the Ministry of Science, ICT and Fu
TechnologyJuly 4, 2016
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Samsung, LG lose market shares in US EV battery market
[THE INVESTOR] Korea’s top battery makers Samsung SDI and LG Chem have lost market shares in the US electric vehicle market due to robust sales of EVs powered by their Japanese rivals. According to industry data, the Korean duo made up a combined 23 percent of market shares in the US in May, down from 35 percent in April. In the meantime, Japanese companies saw their market shares soar from 65 percent to 87 percent. Most of the top-selling EVs of the month were powered by Japanese-made batteries
TechnologyJuly 4, 2016
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Europe accounts for less share in Samsung’s revenue
[THE INVESTOR] Samsung Electronics’ European sales proportion of its entire revenue has been on a downward trend in recent years, according to the tech giant’s sustainability report on July 3. Samsung earned 38.6 trillion won (US$33.6 billion) in 2015, which takes up 19 percent of the firm’s overall revenue, at 200.7 trillion won, in the European region, including countries belonging to the Commonwealth of Independent States.Participants in the Samsung Europe Forum, a showcase event held in Mona
TechnologyJuly 4, 2016
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Mobile shopping hits record 2.7 tln won in May
South Korea's mobile shopping soared 41.7 percent to a record high of 2.697 trillion won ($2.4 billion) in May from a year earlier, a government report showed Monday."Purchases on mobile devices jumped last month due to convenience, competitive prices and a bigger range of products. And the trend is set to strengthen over time," an official from Statistics Korea said, citing a data report the agency compiled.Mobile shopping accounted for 52.1 percent of the country's overall online shopping sale
July 4, 2016
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Korea to install 80 artificial reefs to counter illicit Chinese fishing
The South Korean government has decided to install a total of 80 new artificial reefs near the Yellow Sea border with North Korea to help thwart illegal fishing by Chinese boats, the finance ministry said Monday.Under the plan, approved in a Cabinet meeting, the vast underwater structures, weighing as much as 30 tons apiece, will be established close to the Northern Limit Line, a de-facto inter-Korean sea border, at a cost of 8 billion won ($7 million).(yonhap)Specific zones will be decided in c
InternationalJuly 4, 2016