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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Retailers looking for new fish suppliers after failed talks with Japan
Retailers have begun searching for suppliers of locally popular fish after South Korea's fishing agreement talks with Japan fell through last week, industry officials said Friday.The failed talks mean the two countries cannot fish in each other's exclusive economic zones, affecting the supply of belt fish and mackerel, the two most popular types of fish among South Korean consumers, they said.Supermarket chain E-Mart, which has been importing mackerel from Norway and Scotland, said it will look
IndustryJuly 4, 2016
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Samsung’s sales in China decrease for 3 years in a row
[THE INVESTOR] Samsung Electronics’ sales in China continued its downward spiral for the third consecutive year in 2015, according to a report released by the tech giant on July 3.The annual revenue in the Chinese market continued to decrease from 40.1 trillion won (US$34.9 billion) in 2013, 33 trillion won in 2014 and 31 trillion won in 2015, according to its sustainability report 2016, an annual report that provides information on the firm’s performance on economic, environmental, and social f
Latest NewsJuly 4, 2016
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Malibu Hybrid misses low-pollution certification
[THE INVESTOR] GM Korea’s Malibu Hybrid has failed to obtain a low-pollution certification, making it ineligible for tax benefits on eco-friendly cars, government and industry sources.On July 3, GM Korea notified through its website that benefits for purchasing hybrid vehicles are not applied to the Malibu Hybrid. According to the Ministry of Environment, the Malibu Hybrid is excluded from the measure due to failing emission standards. MalibuAt 95 grams per kilometer, the vehicle meets carbon di
MobilityJuly 4, 2016
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LG Electronics to announce earnings guidance on July 8
[THE INVESTOR] LG Electronics is expected to announce its second-quarter earnings guidance on July 8. Local analysts estimate the company’s operating profit to stand at about 594.7 billion won (US$517 million). The Korean tech giant started releasing its quarterly earnings guidance since the first quarter this year. LG Electronics’ Seoul headquartersAnalyst say that despite the lukewarm sales of its flagship smartphone G5, the company’s robust TV and appliance sales could make up for the operati
Latest NewsJuly 4, 2016
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S. Korean stocks Asia’s 2nd top for foreign investors in H1
[THE INVESTOR] South Korean stocks were the second top pick for foreign investors in Asia, after Taiwanese shares, in the first half of this year, according to the Korea Exchange on July 4. In the January-June period, foreigners bought a net US$6.25 billion worth of Taiwanese stocks, followed by the purchases of Korean stocks and Indian shares worth $3.42 billion and $2.74 billion, respectively. In 2015, foreign investors broke their net buying streak in Asia for the first time in three years. I
July 4, 2016
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Samsung reduces more than 10,000 employees in China
[THE INVESTOR] Samsung Electronics, which has continued streamlining its workforce on its home turf, reduced more than 10,000 employees in the all-important Chinese market last year, according to its recent sustainability report. According to the report published on July 3, a total of 325,677 people worked at the Korean tech giant last year globally, compared to 319,208 workers in 2014. Only Southeast Asia and Japan saw their employee numbers increase over the past year. Especially in Southeast
TechnologyJuly 4, 2016
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Samsung to release Q2 operating profit on July 7
[THE INVESTOR] Tech giant Samsung Electronics will release its earnings for the April-June quarter on July 7.All eyes are now on whether its operating profit crosses the 8-trillion-won (US$6.9 billion) threshold for the first time in two years. The firm earned 8.5 trillion won in the first quarter of 2014.Samsung posted more than 8 trillion won of operating income for the seventh consecutive quarter since the third quarter of 2012. Its operating profit reached its peak in the third quarter of 20
Latest NewsJuly 4, 2016
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Hera opens first store in Beijing
[The INVESTOR] South Korea’s leading cosmetics brand Hera opened its first store in China on July 1, its parent company AmorePacific said on July 4. The first store opened at an upscale department store Shin Kong Place in Beijing, with the second one to follow at Hanguang Department Store in the same city on July 28. Hera, which was launched in 1995, has become one of the most popular cosmetics brands in South Korea and other Asian countries, especially in China. Hera’s first store in Beijing /
IndustryJuly 4, 2016
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Seoul home prices hit new high, with more gains in Gangnam
The average home price in Seoul has surpassed 500 million won ($434,103) last month, with analysts expecting more price jumps within this year to reach a new high, a market study by KB Kookmin Bank showed Monday.The average home price in the capital city hit 501.98 million won in June, up 2.94 million won from the previous month, according to the bank which serves as the leading tracker of the local housing market. The figure is the highest since the bank began compiling related data in Decembe
July 4, 2016
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S. Korean shipbuilders’ H1 performance at record low
[THE INVESTOR] South Korean shipbuilding industry was pushed aside by Chinese and Italian counterparts in the first half, with new orders falling to a record low. According to industry data released on July 4, local shipbuilders were awarded contracts for 27 merchant ships with a combined compensated gross tonnage of 830,000 in the first half of the year. Compared to last year, local shipbuilders’ first half performance has plunged by 88 percent in terms of CGT. The first half figure is the lowe
IndustryJuly 4, 2016
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Ex-chief of Daewoo Shipbuilding summoned over company's accounting fraud
A former CEO of Daewoo Shipbuilding & Marine Engineering Co., one of the country's top three shipbuilders, was summoned Monday as prosecutors widened their probe into the financially troubled firm's alleged accounting fraud and poor management.Ko Jae-ho, who headed the shipyard from 2012 to 2015, appeared before the Seoul Central District Prosecutors' Office in southern Seoul as a key suspect in the ongoing investigation into the embattled shipbuilder."I feel deeply responsible for the grim situ
IndustryJuly 4, 2016
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Korean stocks 2nd most bought by foreigners in H1
South Korean stocks were the second top pick for foreigners after Taiwanese shares in the first half in the Asian region despite major downward momentum factors such as Britain's EU exit vote last month, the country's main bourse said Monday. In the January-June period, foreigners bought a net $6.25 billion worth of Taiwanese stocks, followed by the purchases of Korean stocks and Indian shares worth $3.42 billion and $2.74 billion respectively, the Korea Exchange said in a statement."Foreigners
July 4, 2016
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Shipbuilders' first-half new orders sink to record lows
New orders clinched by South Korean shipyards fell to record lows in the first half of the year, largely due to a protracted industry slump, mirroring their worst-ever business performance, industry data showed on Monday.According to the data compiled by global research firm Clarkson Research Services, a total of 6.32 million compensated gross ton worth of orders were placed around the globe in the January-June period, sharply down from 18.04 million CGTs the previous year.In case of South Korea
IndustryJuly 4, 2016