Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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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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Seoul seeks to improve foreign nanny program after two abscond
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Samsung, top banks to create W2tr green growth fund for SMEs
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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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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Couple welcoming quintuplets to receive over W170m in childbirth grants
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College is expensive? In S. Korea, English preschools cost much more
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[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
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Samsung C&T shares rally on hopes of holding firm transformation
[THE INVESTOR] Shares of Samsung C&T, the fashion and trading arm of Samsung Group, continued to rally June 20 on expectations that it would benefit from the group’s ongoing corporate restructuring. Its shares closed at 122,000 won (US$105.04), up 2.09 percent from the last trading session on June 17 when it climbed 3.46 percent. “If Samsung C&T successfully transform itself as the holding company of Samsung Group, it will secure more than 20 percent of Samsung Electronics’ business units and ot
June 20, 2016
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[Park Sang-seek] English as second official language in Korea
There are 67 sovereign states which recognize English as their official language. Among the 67 states, 36 countries use English as the only official language, while 31 countries recognize English as one of the official languages.Those countries recognizing English as the only official language are either the countries whose majority of the people are English-speaking ethnic groups or are former colonies of the U.K. and are populated by one dominant language group or equally numerous language gro
ViewpointsJune 20, 2016
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Sri Lanka reneges on rights probe resolution
Colombo has reneged on its resolution to probe alleged human rights abuses during its 30-year civil war The ethnic problem in Sri Lanka defies solution as Colombo has gone back on the resolution it cosponsored with the U.S. at the 31st session of the U.N. Human Rights Council in Geneva.The resolution required Sri Lanka to take a number of measures, including the setting up of a credible justice process with the participation of Commonwealth and other foreign judges and defense lawyers, to inves
ViewpointsJune 20, 2016
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[Andrew Sheng] Dealing with the new abnormal
How can this be normal? Twenty-nine countries with roughly 60 percent of the world’s GDP have monetary policy rates of less than 1 percent per annum. The world is awash with debt, with sovereign, corporate and household debt of over $230 trillion or roughly three times world GDP. To finance their large debt and deal with deflation, both the European Central Bank and Bank of Japan are already experimenting with negative interest rate policies. If these do not work, look out for helicopter money,
ViewpointsJune 20, 2016
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[Laura Black] The first Father‘s Day without Dad
My mother calls me and says, “We need to figure out what to put on Daddy’s headstone.”“How about beloved husband, father, grandfather and great-grandfather?”“No, that’s so ordinary.”She’s right. It doesn’t begin to capture who he truly was.“Can we think about it for a couple of days?”“OK, but keep in mind, the funeral home said that inscriptions cost $15 a letter.”Fifteen dollars a letter. With the meter running, I try to think of as few words as possible to capture my father’s life story.He was
ViewpointsJune 20, 2016
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[Ramesh Ponnuru] Republicans should fear losing House
Republicans need to start worrying about losing their majority in the House of Representatives.Republicans accept the conventional wisdom that Hillary Clinton is favored to win the presidency, and they know that her election would probably end their majority in the Senate. But in a year that has upended political expectations, they have clung to one comforting assumption: Their hold on the House is secure.Their majority is protected by gerrymandering, the geographic distribution of Republican vo
ViewpointsJune 20, 2016
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Seoul shares close higher on eased Brexit concerns
[THE INVESTOR] South Korean stocks closed higher on June 20 on eased concerns over the UK’s exit from European Union following a lawmaker’s murder. The benchmark Korea Composite Stock Price Index increased 27.72 points, or 1.42 percent, to close at 1,981.12. Trade volume was moderate at 385 million shares worth 3.9 trillion won (US$3.3 billion), with winners outnumbering losers 658 to 169. The KOSPI rose from the revived risk-on appetite after the latest Brexit polls showed voters favor Britain
June 20, 2016
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Chip prices projected to rebound
Speculation has grown over the possible rally of semiconductor prices amid the industry’s efforts to control the supply and releases of new smartphones, industry sources said Monday. According to global online semiconductor market DRAMeXchange, the spot price of DDR3 began its rebound early this month. The prices of DDR3 and DDR4 have been on the decline since late 2014, with each hitting record lows last month, at $1.25 and $1.31, respectively. The fall of DRAM price has, consequently, led to s
IndustryJune 20, 2016
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Kolmar Korea under tax investigation
Beauty and pharmaceutical company Kolmar Korea is under investigation by tax authorities in what appears to be a targeted probe into the controlling family.Dozens of employees of the National Tax Service raided the firm‘s headquarters on June 9, seizing financial records.The NTS investigation comes a year before Kolmar Korea’s scheduled regular tax audit. Industry watchers say the sudden investigation is closely linked to allegations that CEO Yoon Dong-han misappropriated the holding structure o
IndustryJune 20, 2016
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Korean producers say they're helpless against Chinese plagiarisms
Ahn In-bae, the head of a South Korean production company, says he has trouble sleeping because of a very common problem his peers are facing: Chinese networks that plagiarize, and massively benefit from, their shows."In plain sight, they're stealing my ideas, but there's nothing I can do to stop or punish them," the CEO of Koen Group, the creator of the popular South Korean reality series "The Return of Superman," said in an interview with Yonhap News Agency on Sunday. Still from the "Return of
June 20, 2016
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Korea's rebar imports from China jump 160% in May
South Korea's imports of Chinese rebar jumped nearly 160 percent in May from a year earlier on strong demand from the construction sector, industry data showed Monday.Rebar imports came to 113,000 tons last month, up 159.7 percent from the same period last year, according to the data compiled by the Korea Iron and Steel Association.Imports of Chinese rebar stood at 515,000 tons in the first five months of this year, accounting for 88.3 percent of the imported rebar market in South Korea, the dat
IndustryJune 20, 2016
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Digital signage industry to create 700,000 jobs by 2020: report
[THE INVESTOR] Korea Economic Research Institute, a state-run research organization, anticipated that the digital signage market would create around 70,000 jobs by the year 2020. The digital signage is a large-size digital board, often made of organic light-emitting diode or liquid-crystal displays. The boards are used to display images, videos and textual information. The signage segment will spark 10.1-trillion-won ($8.7 billion) worth of production and create 3.2 trillion won in added value,
TechnologyJune 20, 2016
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Ratings agency downgrades major shipping companies and shipyard
[THE INVESTOR] Korea Investors Service, one of the big three rating agencies here, downgraded the credit ratings of Hanjin Shipping, Hyundai Merchant Marine and Daewoo Shipbuilding & Marine Engineering on June 20. The agency lowered DSME from BB+ to BB, with its rating outlook also remaining negative. HMM received a downgrade from A+ to A, citing its continuous deficit, while Hanjin Shipping, struggling container operator who recently sought creditor-led restructuring to avoid bankruptcy, also f
June 20, 2016
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Seoul court to hold hearing on N.K. defectors
A local court will hold an unprecedented hearing on Tuesday over the legality of South Korea's holding of 12 North Korean defectors that Pyongyang claims have been abducted by the Seoul government.The Seoul Central District Court will open the hearing in the afternoon in line with a request by an association of progressive lawyers to determine whether the defectors are being legitimately held by the South Korean government.The North Korean women, who worked at a Pyongyang-run restaurant in China
North KoreaJune 20, 2016
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Seoul stocks rebound on eased Brexit woes
South Korean stocks closed higher on Monday on eased concerns over a British exit from the European Union following a lawmaker's death. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index rose 27.72 points, or 1.42 percent, to close at 1,981.12. Trade volume was moderate at 385 million shares worth 3.9 trillion won, with winners outnumbering losers 658 to 169. (Yonhap)The KOSPI got a boost from the revived risk-on appetite after the latest Brexit polls in
June 20, 2016