Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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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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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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Seoul vows active, lasting steps to counter Brexit fallout
Korea's financial authorities on Monday vowed to take all necessary measures to minimize the fallout from Britain's vote to leave the European Union, emphasizing that Asia's fourth-largest economy is well-positioned to tide over the unprecedented shock. The head of the country's top financial regulator noted volatility in the local financial market may continue to increase over an extended period of time but insisted Britain's exit from the EU, called Brexit, will have limited impact on the glob
June 27, 2016
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Seoul stocks ended flat amid Brexit turmoil
Korean shares trimmed earlier losses to close almost flat Monday as investors expect major economies to inject liquidity into the markets to avoid a global financial crisis following Britain's decision to quit the European Union last week. But the Korean won continued to lose ground against the U.S.dollar amid investors' lingering appetite for safer assets.The benchmark Korea Composite Stock Price Index closed flat at 1,926.85, up 1.61 points, or 0.08 percent, after dropping to an intraday low o
June 27, 2016
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KOSPI to bottom out at 1,880 level: Hyundai Securities
[THE INVESTOR] South Korean brokerages are busy issuing forecasts on the local stock markets. Among them, Hyundai Securities says the benchmark KOSPI would bottom out at the 1,880 level following Britain’s latest decision to leave the European Union. Considering that some of the responses we are seeing may be excessive, and intertwined with political uncertainties, it would be reasonable to see the bottom at 1,880 points, which is about 0.98 times KOSPI’s PBR, according to a report compiled by K
June 27, 2016
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K-pop under spotlight in New Jersey
[THE INVESTOR] Is the hallyu fever over? Some naysayers claim the cultural phenomenon that hit the world in early 2000s is losing its gloss as it runs out of contents to showcase. Boy bands, girl groups and food like kimchi and bulgogi -- the centerpieces of the cultural wave -- are getting old for global fans.K-pop fans attend an outdoor event during the KCON convention held in Newark, New Jersey, from June 24 to June 25. CJ E&MA recent government report also showed the growth of Korean culture
IndustryJune 27, 2016
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Tax revenue from gambling sector gains 4% in 2015
Korea's tax revenue from the country's gambling industry expanded 4 percent in 2015 from the previous year due largely to increased sales, data showed Monday.According to the data by the National Gambling Control Commission, taxes collected from gambling-related businesses, including casinos and horse race betting, reached 2.42 trillion won ($2.06 billion) last year, compared with 2.32 trillion won a year earlier.(Yonhap)Tax revenue from casinos surged 12.1 percent on-year to 478.8 billion won,
June 27, 2016
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Korea begins official FTA talks with Israel
Korea launched official talks on a free trade agreement with Israel on Monday to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said.The Ministry of Trade, Industry and Energy said the first round of negotiations took place in Seoul, seven years after the two countries began discussions on starting FTA talks in 2009. Both sides will discuss various trade issues involving manufactured goods, services and investment, as well as technology cooperation.(Yonhap)
June 27, 2016
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U.S. lawmakers call for resuming talks with N. Korea to recover
U.S. House lawmakers have introduced a resolution calling for resuming talks with North Korea to uncover and bring home the remains of thousands of American soldiers who went missing during the Korean War from the communist nation.Three Korean War veterans in the House -- Reps. Charles Rangel (D-NY), John Conyers (D-MI) and Sam Johnson (R-TX) -- introduced the resolution Friday on the eve of the 66th anniversary of the war's outbreak, saying the remains of at least 5,300 Americans are believed t
North KoreaJune 27, 2016
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U.S. rights envoy to visit S. Korea amid talk of additional
The U.S. special envoy for North Korean human rights issues will visit South Korea this week for a conference on Pyongyang's human rights record and meetings with senior officials, the State Department said Sunday.Ambassador Robert King will be in Seoul from Monday to Thursday for "a symposium on North Korean human rights issues and regular consultations with senior Republic of Korea officials on a range of human rights and humanitarian issues," the department said in a release.The United States
Diplomatic CircuitJune 27, 2016