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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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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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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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 stocks open higher on hopes UK will remain in EU
[THE INVESTOR] South Korean shares opened higher on June 24 as the first poll after the Brexit vote on June 23 showed signs of Britain remaining in the European Union. The benchmark Korea Composite Stock Price Index soared 8.68 points, or 0.44 percent, to 1,995.39 during the first 15 minutes of trading.South Korean shares opened higher on June 24 as initial poll results showed Britain may stay with the EU. Lee Sang-sub/The InvesterAll eyes are on the outcome of the Brexit poll due out at around
June 24, 2016
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U.S. nuclear envoy did not meet with N.K. negotiator in Beijing: State Department
The U.S. envoy for North Korea's nuclear program did not meet bilaterally with a nuclear negotiator from Pyongyang on the sidelines of an international security forum held in Beijing this week, the State Department said Thursday.Amb. Sung Kim's trip to Beijing was a focus of media attention due to the possibility of him meeting with Choe Son-hui, deputy director for North American affairs at North Korea's Foreign Ministry, and the North's deputy chief envoy for the six-party nuclear talks.Both a
North KoreaJune 24, 2016
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Korea’s dependence on China poses risks and opportunities
[THE INVESTOR] Korea’s high economic dependence on China is a double-edged sword, a report said on June 24.In a report titled “China’s choice,” McKinsey Global Institute ranked Korea fourth in the world in terms of economic dependence on China. According to the report, Korea is fourth in the world in terms of the proportion of gross domestic product raised from exports to China. Oman showed the highest dependence followed by Angola and Malaysia. China national flag.Korea’s economy is highly trad
June 24, 2016
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N. Korea's Musudan missile far from reliable weapon: U.S. expert
North Korea's Musudan or Hwasong-10 intermediate-range ballistic missile put in an impressive performance in its sixth test after five failures, but the missile is far from a reliable weapon, a top U.S. missile expert said Thursday.John Schilling, an aerospace engineer with expertise in North Korea's missile program, warned, however, that the North's experiment with the Musudan missile could help its intercontinental ballistic missiles, such as the KN-08 and KN-14, reach operational status earli
North KoreaJune 24, 2016
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POSCO’s Q2 operating profit to miss expectations: analyst
[THE INVESTOR] NH Investment & Securities has maintained a buy rating on POSCO and kept the price target of 300,000 won (US$ 261.50) on projection that the firm will continue its earnings improvement due to the increase in steel prices. “POSCO’s second-quarter sales will meet expectations but its operating income will fall shy,” analyst Byun Jong-man said.He expects the steelmaker’s consolidated sale for the second quarter to decrease 8.3 percent on year to 13.92 trillion won and its operating p
June 24, 2016
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Volkswagen to recall 2,425 Passat sedans for engine oil pump failures
[THE INVESTOR] Audi Volkswagen Korea -- the local importer and distributer of Germany‘s Volkswagen Group -- will recall 2,425 units of its Passat sedans for an engine oil pump failure, the South Korean transport ministry said on June 24.A defect in the oil pump shaft may result in low or no oil pressure, which could cause the engine to stop without warning. The government said 2,425 units of the Passat 2.0 TDI sedans produced between July 13, 2005, and May 16, 2008, are eligible for free repair
MobilityJune 24, 2016
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Stay or go? Britain decides in EU vote
(AFP) -- Millions of Britons voted Thursday in a bitterly-fought, knife-edge referendum that could pull the island nation out of the EU and spark the biggest crisis in the bloc's 60-year history. A record 46.5 million voters have registered to decide Britain's future in the 28-nation European Union, which was born out of a determination to unite in lasting peace after the carnage of two world wars. Financial markets appeared to be banking on a "Remain" win with stocks surging in London and t
WorldJune 23, 2016
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S. Korea approves building of 2 more nuclear reactors
South Korea's nuclear security watchdog approved a plan to build two more nuclear reactors on Thursday, with their construction to begin immediately following the approval. The decision by the Nuclear Safety and Security Commission allows the state-run Korea Hydro and Nuclear Power Co. (KHNP) to add Shin Kori No. 5 and No. 6 to the nuclear power plant in the southeastern coastal town of Gijang, Busan, South Korea's biggest port city, according to the commission. The latest approval came mo
NationalJune 23, 2016
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We hate the EU too but 'please stay', Danish daily urges Britain
(AFP) -- Danish daily Berlingske on Thursday published an English-language editorial imploring Britain to "please stay" in the EU, amid fears the eurosceptic Scandinavian country could lose a key ally in Brussels. "As a nation, we in Denmark understand your scepticism about the EU, perhaps better than any other country. Three times we voted no -- in 1992, 2000 and 2015 -- but never out," the right-wing daily wrote. "Let us stay and fight for pragmatic, better and more sustainable European s
World NewsJune 23, 2016
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Hyundai Rotem banned from making new bids
[THE INVESTOR] South Korea’s leading train manufacturer Hyundai Rotem was banned from making new bids for government-run projects for 10 months after it was sanctioned by Daegu Metropolitan Transit Corp. for malpractice.The company will not be permitted to submit bids from July 1 to April 30, 2017, according to the Daegu metropolitan authorities. Hyundai Rotem is charged wth violating local subcontractor laws by adopting a turnkey approach for the entirety of a 23.3 billion won (US$20.1 million)
IndustryJune 23, 2016