Most Popular
-
1
[Exclusive] Democratic Party of Korea forms US election task force
-
2
Seoul seeks to improve foreign nanny program after two abscond
-
3
[Grace Kao] NewJeans fights Hybe for their survival
-
4
Samsung, top banks to create W2tr green growth fund for SMEs
-
5
Malnutrition cases nearly triple in last 5 years
-
6
KFA Chair denies unfair hiring of national coach
-
7
An increasing number of K-pop idols are breaking free from big agencies. Why?
-
8
Couple welcoming quintuplets to receive over W170m in childbirth grants
-
9
Korean automakers pressured to diversify supply chains as US bans Chinese tech
-
10
[Herald Interview] Portraying a version of god for young people in 'Hadestown'
-
KEPCO E&C to take part in international reactor project
[THE INVESTOR] KEPCO E&C is to take part in the International Thermonuclear Experimental Reactor project as part of the MOMENTUM joint venture, the company announced on June 29. According to KEPCO E&C, the value of the contract is 230 billion won (US$197 million).International Thermonuclear Experimental Reactor project KEPCO E&CThe JV, led by UK’s Amec Foster Wheeler, has been signed on as a construction management-as-agent, KEPCO E&C said. The JV also includes the French engineering firm Assyst
IndustryJune 29, 2016
-
Jeju Air’s earnings to improve from Q3
[THE INVESTOR] Jeju Air, Korea’s largest low-cost carrier, will see faster growth in earnings from the third quarter of the year, Korea Investment & Securities said. In the second quarter, Jeju Air is expected to post 162.4 billion won (US$138.7 million) in revenue, up 14.1 percent from a year earlier and 44.6 percent drop in operating income to log 5 billion won, said Yoon Hee-do, an analyst at Korea Investment & Securities said. The parliamentary election, which was held in April, slowed air t
June 29, 2016
-
Brexit raises uncertainty for Korean pharma firms
[THE INVESTOR] In wake of Britain’s decision to leave the European Union, some Korean pharmaceutical companies are concerned about the fallout that will affect their business in Europe. Some industry officials said the Brexit’s impact on Korean pharma companies will not be as severe as they already have a large domestic market. However, for some companies that have already entered Europe or are waiting to do so, including Celltrion and Samsung Bioepis, it can take some toll on them. Both Celltri
IndustryJune 29, 2016
-
N.K. set to hold major parliamentary meeting after key party congress
North Korea is set to convene its key parliamentary meeting Wednesday, where the North's leader Kim Jong-un may be bestowed with a new state title to reassert his control over the country, experts said.The Presidium of the Supreme People's Assembly plans to hold the fourth session of the 13th assembly later in the day in a move widely seen as a follow-up to the party congress held in May.The SPA, the legislative body of the reclusive country, rubber-stamps decisions by more powerful organization
North KoreaJune 29, 2016
-
Lotte Duty Free expands main branch in downtown Seoul
Lotte Duty Free, Korea's largest duty-free operator, said Wednesday it has expanded its main branch in downtown Seoul, as part of efforts to make up for a sales shortfall from its other outlet in downtown Seoul which closed upon its license expiration. The main branch in Lotte Department Store in Myeongdong renovated the food court on the 12th floor into duty-free space to accommodate more cosmetic and perfume brands and reopened last week. Lotte Duty Free said it aims to raise 2.78 trillion won
Social AffairsJune 29, 2016
-
SK Holdings C&C, Siemens team up for smart factory tech
[THE INVESTOR] Korean IT solutions firm SK Holdings C&C and German industrial giant Siemens have teamed up to develop technologies and business models for smart factory. In a memorandum of understanding signed on June 29, the two companies agreed to develop information and communications technologies that improve efficiency and lower costs at manufacturing factories. From left are SK C&C smart factory business chief Park Jong-tae, Siemens’ head of business development industrial automation OEM m
TechnologyJune 29, 2016
-
Kim Whan-ki's painting sells for record 5.4 bln won in auction
A painting by Korea's abstract painting master Kim Whan-ki sold for 5.4 billion won ($4.62 million), the highest price ever paid for a Korean artwork in an auction, a local art sales company said Tuesday.At the K Auction held in southern Seoul, the late artist's "Untitled 27-VII-72 #228" broke the previous record set by the very artist in April, when another of his blue-dotted abstract paintings was auctioned off for 4.86 billion won in the Seoul Auction held in Hong Kong. (Yonhap)Prior to the a
PerformanceJune 29, 2016
-
Dodgers' Ryu Hyun-jin has rehab start interrupted by rain
Ryu Hyun-jin of the Los Angeles Dodgers had his minor league rehab start in Oklahoma on Tuesday (local time) interrupted by rain. Pitching for the Triple-A Oklahoma City Dodgers against the Iowa Cubs, the left-hander pitched only 1 2/3 innings before the game was called due to rain. Ryu allowed two hits and one unearned run, while striking out two. He threw 26 pitches, 20 of which were strikes. (Yonhap)In the top of the first at Chickasaw Bricktown Ballpark Ryu struck out John Andreoli and reti
BaseballJune 29, 2016
-
Only 17% of KOSDAQ firms held IR events in 2015
[THE INVESTOR] More than 80 percent of companies listed on the tech-heavy KOSDAQ did not hold a single investor relations event last year, Korea Exchange said on June 29. According to Korea Exchange’s analysis, 948 of the 1,151 KOSDAQ companies did not hold any investor relations events in 2015. The figures are based on regulatory filings posted on the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System.Such neglect of communication with investors was displayed regardles
June 29, 2016
-
Seoul stocks open higher on Wall Street gains
Korean shares opened higher Wednesday, tracking gains on Wall Street, on expectations that policymakers around the globe will make concerted efforts to tame market volatility following Britain's decision to leave the European Union last week. The benchmark Korea Composite Stock Price Index rose 11.13 points, or 0.57 percent, to 1,947.05 in the first 15 minutes of trading. The main index brushed off a 3.38 percent loss on Thursday and Friday to rebound and gain 0.57 percent on Monday and Tuesday.
June 29, 2016
-
Trade minister urges shipyards' reform for new leap forward
Korea's trade minister called on the country's ailing shipbuilders Wednesday to capitalize on their current crisis as an opportunity to strengthen the industry's constitution and take a new leap forward.Stung by mounting losses stemming from a global economic slump and stiffer competition, the nation's three major shipyards -- Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. -- are all in the midst of sweeping restructuring."The local sh
IndustryJune 29, 2016
-
Uber CEO declines again to stand trial in Seoul
[THE INVESTOR] Uber’s cofounder and CEO Travis Kalanick has again asked a Seoul court to postpone a trial slated for June 29 over the company's illegal taxi-hailing service that was suspended here in 2014. The Uber chief was expected to appear at the Seoul Central District Court in southern Seoul after he was indicted on the charges. His legal represntative, the nation's top law firm Kim & Chang, had asked the court to designate a hearing date earlier this month. Established in 2009, Uber entere
Latest NewsJune 29, 2016