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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Samsung, top banks to create W2tr green growth fund for SMEs
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Argentinian lawyer tapped as new U.N. rights envoy in N.K.
Tomas Ojea Quintana, a former U.N. special rapporteur on human rights in Myanmar, has been nominated as the multinational body’s new envoy to examine the rights conditions in North Korea, diplomatic sources said Friday. Tomas Ojea Quintana (United Nations)The Argentinian human rights lawyer and former University of Buenos Aires professor will succeed Marzuki Darusman, who served six years in the position until Thursday. Choi Kyong-lim, Seoul's ambassador at the mission to the U.N. in Geneva and
North KoreaJuly 1, 2016
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[ANALYST REPORT] Celltrion: Expect healthy 3Q16 share price momentum
Celltrion’s sales and profit should normalize from 2Q16. Looking at 2H16, we suggest that investors focus on: 1) the start of supply (from 3Q16) of Celltrion Healthcare’s Remsima to Pfizer; 2) expected approvals for Celtrion’s Rituxan and Herceptin biosimilars; 3) a planned IPO for Celltrion Healthcare; and 4) new disclosure rules for short-selling balances.2Q16 preview: Earnings normalizing; COGS-to-sales ratio and SG&A-to-sales ratio stabilizingCeltrion chairmanSeo Jung-jinWe expect Celltrion
July 1, 2016
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Asia-Pacific central banks to invest in local currency bonds
[THE INVESTOR] Central banks of 11 Asia-Pacific nations will invest in bonds denominated in the currencies of concerned nations, Bank of Korea announced on July 1. According to SouthKorea’s central bank, the 11 central banks included in the Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) agreed to invest in local currency bonds. Members of EMEAP include the central banks of South Korea, Australia, China and Japan.Until now, the EMEAP’s Asia Bond Fund invested in dollar-denominated
July 1, 2016
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South Korean tycoons’ stock value falls
[THE INVESTOR] The majority of South Korean business tycoons saw a fall in the value of their stock assets this year, an analysis by a think tank showed on July 1. According to the think tank specializing in Korea’s largest companies, the value of stocks held by 13 of 19 leaders of major businesses fell during the first half of this year. The data showed that the value of 46 of 61 listed companies held by the 19 individuals fell between Jan. 4 and June 30. Samsung Electronics vice chairman Lee J
CompaniesJuly 1, 2016
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[Weekender] Summer is a season of horror as a bone-chilling way to beat the heat
While some may think the best way to beat the scorching weather is to take a dip in the pool or guzzle an iced coffee, summertime in Korea is known for its unique culture of scaring the heat right out of you. Every summer the local box offices are filled with the newest horror and psychological thriller flicks to literally give viewers the shivers. Many local moviegoers are known to flock to the theaters in the summer hoping to cool off with a little bit of self-inflicted fear, as it is popular
CultureJuly 1, 2016
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[Photo News] Kospi Rebounds
A worker at the Korea Exchange looks at a screen showing the benchmark Korea Composite Stock Price Index that rebounded close to a pre-Brexit level of 1,990 on Friday in Seoul.(Yonhap)
July 1, 2016
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Korea to revitalize SME debt financing
South Korea will seek to boost debt issues of small and medium-sized enterprises with credit ratings of below “A” through increased investor protection and opening up new channels for debt financing, the Financial Services Commission said Friday.This comes as investors are becoming more risk-averse, investing only in high-grade bonds issued by Korean conglomerates amid decreasing market confidence and a global slowdown.With its measures, the FSC seeks to reinvigorate debt financing of small busi
July 1, 2016
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BOK likely to cut key rate to below 1% in 2016
[THE INVESTOR] Korea’s benchmark interest rate could be slashed to below 1 percent this year due to Britain’s decision to leave the European Union, Nomura Financial Investment said on July 1. Kwon Young-sun, an economist at the firm said that the Bank of Korea is likely to cut the key rate by 25 basis points twice within 2016 to 0.75 percent from current 1.25 percent. On June 9, the BOK took its key seven-day repo rate to 1.25 percent from a previous level of 1.5 percent, the first cut in 12 mon
July 1, 2016
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Consumer prices almost flat in June
[THE INVESTOR] Korea’s consumer prices increased by less than 1 percent for the second month in a row in June, according to government data on July 1.The country’s consumer price index rose 0.8 percent last month from a year earlier, according to Statistics Korea.The figure also climbed 0.8 percent on-year in May, after rising 1 percent or more for the previous three months.From a month earlier, the June figure stayed flat.Core inflation, which excludes volatile oil and food prices, increased 2
July 1, 2016
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Prosecutors summon Lotte founder’s daughter
Shin Young-ja, the chairwoman of Lotte Foundation and daughter of Lotte Group founder Shin Kyuk-ho, appeared at the Seoul Central Prosecutors’ Office on Friday morning as the bribery investigation involving the chairwoman deepens in South Korea.Shin Young-ja is the elder sister of Lotte chairman Shin Dong-bin and SDJ Corp. chief Shin Dong-joo, who have been fighting over control of the group.Lotte Foundation chairwoman Shin Young-ja appears at the Seoul Central Prosecutors’ Office on Friday morn
IndustryJuly 1, 2016