Most Popular
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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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[Hello India] Hyundai Motor inches closer to IPO in India
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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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Panel decision put prosecution in dilemma over Dior bag case
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'Gyeongseong Creature Season 2': faster and ready to confront past
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2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
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Global drama stars gather for 2024 Seoul International Drama Awards
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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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
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VW gasoline car owners to file criminal charges
Korean owners of Volkswagen’s gasoline vehicles will be seeking criminal charges against the German carmaker for manipulating its software to pass emissions tests, said a legal representative here on Monday. “We are gathering customers to file class-action suits as well as criminal charges against the automaker. (For criminal charges), the system manipulation may cause an engine breakdown, which may lead to physical damages to users,” Ha Jong-sun, a lawyer at Barun that represents those customer
MobilityJune 20, 2016
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M&A deals reshape local brokerage industry landscape
[THE INVESTOR] Mergers and acquisitions among midsized brokerages will continue to shape the securities industry in the second half of 2016, following mega deals signed by top local players earlier.After the big merger deals of Daewoo Securities and Hyundai Securities earlier this year and last year, M&A activities in the industry are expected to pick up due to deteriorating balance sheets. “Brokerage houses will come under growing pressure to drive growth through M&As as their growth woe worsen
June 20, 2016
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WeMade struggles to launch next big hit
WeMade Entertainment, once a dominant game developer and publisher, is facing a slowdown as it struggles to release a game that can be a hit at home and abroad. The KOSDAQ-listed gamer, which brought fans blockbuster games such as “Candy Pang” and “Wind Runner,” performed below expectations in the first half of this year, with its highly anticipated role-playing action game “Soul & Stone” flopping early this year. Wemade‘s “Wind Runner” (WeMad
June 20, 2016
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ICT minister to publicize 'creative economy' in OECD session
South Korea's minister on ICT policy will brief the international community this week on the nation's digital vision and its efforts to foster a "creative economy," his ministry said Monday.Choi Yang-hee, minister of science, ICT and future planning, is scheduled to attend an OECD Ministerial Meeting on the Digital Economy, and deliver a speech.Under the theme of "Innovation, Growth and Social Prosperity," it will open in Cancun, Mexico, on Wednesday for a two-day run. The upcoming session will
June 20, 2016
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Korean military willing to provide security forces to USFK amid IS warnings
South Korea's military is willing to provide security forces to the United States' military units in the country to fend off potential terrorist attacks by the militant Islamic State, which threatened to launch attacks against American installations here, the Joint Chiefs of Staff said Monday.South Korea's police and military are stepping up their anti-terrorism readiness after the National Intelligence Service, the country's spy agency, said a day earlier that IS designated U.S. Forces Korea ai
DefenseJune 20, 2016
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[Herald Review] K.Will makes musical debut as 'ugliest man in Paris'
“Ballad King” Kim Hyung-soo, better known by his stage name K.Will, has returned to the spotlight, except this time, he is not showing much of the charming baby face that fans adore – the K-pop idol has transformed into a hideously deformed hunchback for his musical debut. In tackling the challenging role of Quasimodo in the Korean rendition of the beloved French musical, “Notre Dame de Paris,” K.Will is looking to be yet another K-pop idol-turned-musical actor trying to prove he has got the vo
PerformanceJune 20, 2016
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Korean Army expected to become multicultural starting 2025
An increasing number of conscripts from a mixed-race family background is expected to make the Army multicultural starting in 2025, a government official said Monday.According to the official, the Defense Ministry has forecast that the number of men from multicultural families to be enlisted will reach an average 8,518 a year between 2015 and 2031."The surge in the number of multicultural soldiers will inevitably turn the Army into a multicultural one," he said. "The ministry has started to come
DefenseJune 20, 2016
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Samsung Electronics adopts new appellation system
[THE INVESTOR] Samsung Electronics plans to transform its appellation system starting next month under the slogan “Start-up Samsung,” according to local reports on June 20. The initiative aims to get rid of designations and boost the atmosphere to share ideas freely among workers. The company is currently conducting a survey on employees regarding the new system. The survey provides four alternatives: adding “Nim” -- which refers to “sir” in Korea -- “pro” or “manager” at the end of a name, or u
June 20, 2016
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Conservative heavyweight calls for control on chaebol
[THE INVESTOR] The ruling Saenuri Party on Monday called for strengthened supervision on conglomerates’ lax management and tax-evading power succession practices as part of a long-term vision to achieve social compromise and lessen inequality.By prioritizing distribution over growth and advocating the rights of irregular workers, the conservative party gestured at expanding its political horizon to the centrist-reformist zone.“A nation that is not just may not stand straight,” said floor leader
IndustryJune 20, 2016
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Nzin renamed as KakaoGames to enter US, Europe markets
[THE INVESTOR] Kakao’s gaming affiliate Nzin will change its name to KakaoGames next month aiming to improve integration of its ever-evolving business portfolio. The decision will be voted during a shareholders meeting planned on June 30.“The renaming aims to strengthen the company’s brand value as a multi-platform gaming company and elevate the sense of unity as a Kakao family,” said a Kakao official. The official said, among others, the renaming will be helpful for the company to seek business
TechnologyJune 20, 2016