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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N.K. leader orders crackdown on those leaking intelligence to S. Korea
North Korean leader Kim Jong-un has ordered his public security staff to hunt down and punish those who leak the reclusive state's internal information to South Korea, multiple sources said Sunday.In a directive sent to the security agencies and the people, Kim warned that those who leak any information to South Koreans will be labeled as "spies" and face harsh punishments, including execution by firing squad."I understand that (Kim) has sent a directive to the security agencies and the people,
North KoreaJune 19, 2016
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Interesting to see how Trump presidency would deal with N. Korea: Bruce Cumings
Republican presidential candidate Donald Trump could bring a number of "interesting" things to the U.S. presidency, including how the real estate tycoon would deal with North Korea, an American professor said.Bruce Cumings, a University of Chicago professor with deep expertise on Korea, made the remark in a recent article in the Bulletin of the Atomic Scientists, noting that Trump has expressed a willingness to hold direct talks with North Korean leader Kim Jong-un."If Hillary Clinton becomes pr
North KoreaJune 19, 2016
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Oxy manufacturer rebuffed after offering deal with sterilizer victims
Oxy Reckitt Benckiser on Saturday offered a compensation deal with the likeliest victims of its toxic humidifier disinfectant, although the victims have denounced the company as failing to consider their varying situations.Oxy CEO Ata Safdar held an information session with some hundred class 1 and 2 victims behind closed doors at a hotel in southern Seoul, apologizing once again over the sterilizer products that have proven to be fatal.Safdar said the company will create an ad hoc team of about
IndustryJune 19, 2016
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Korean siblings become valedictorians at top Turkish university
Two South Koreans have graduated at the top of their classes at the prestigious Bilkent University in Turkey.Kwon Tae-young and his little sister Min-ah were awarded Bachelor's degrees in interior architecture and environmental design, and graphic design, respectively, at a ceremony held last Saturday.The older Kwon says he decided to study in Turkey when he was preparing to re-take South Korea's college entrance exam in 2011.He convinced Min-ah to come with him to the country where their father
Social AffairsJune 19, 2016
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S. Korean, Chinese business leaders agree to reduce fine dust emissions
Dozens of South Korean and Chinese business leaders agreed Saturday to work together to try to reduce fine dust emissions amid growing health concerns in South Korea.Fine dust -- particles less than 2.5 micrometers in diameter -- is believed to pose the greatest health risks to the respiratory system.Fine particles can lodge deeply into the lungs due to their small size -- approximately 1/30th the average width of a human hair, according to the U.S. Environmental Protection Agency. The business
Social AffairsJune 18, 2016
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Some sanctioned vessels spotted sailing outside of N. Korea: media report
Some of North Korean ships separately blacklisted by the United States in the wake of Pyongyang's nuclear and missile tests earlier this year have been spotted sailing, a U.S.-based media report showed Saturday.Victory 2, in particular, was detected leaving Nampo port of North Korea on Thursday afternoon and sailing westwards, according to the Washington-based Voice of America (VOA), citing traffic information filed by Marine Traffic, an online vessel tracking program.The vessel was blacklisted
North KoreaJune 18, 2016
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Seoul shares to await Britain's referendum next week
South Korean shares are expected to be swayed by the result of Britain's referendum on its European Union membership as the historic vote will determine the overall sentiment in the global financial market, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,953.4 points on Friday, losing 3.18 percent from a week ago.It was the biggest weekly loss since mid-February.The index slipped five consecutive days and slightly rose on Friday on bargain hunting as in
June 18, 2016
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Amb. Sung Kim to visit China for security forum
The U.S. special envoy for North Korea policy will visit China next week for a regional security forum and talks with Chinese officials, the State Department said Friday.Amb. Sung Kim will be in Beijing on June 21-23 for "meetings with Chinese officials and attend the Track 1.5 Northeast Asia Cooperation Dialogue," the department said in a release.The forum brings together high-level policymakers, defense ministry officials, military officers, and researchers from China, Japan, North and South K
North KoreaJune 18, 2016
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[FEATURE] Money doesn’t come easy
[THE INVESTOR] There is a saying, “Money does not grow on trees.” One has to work really hard to earn it.But making an honest buck in this age of low interest rates and low growth has become harder than ever.It is not as if Koreans do not work hard. In fact, Koreans work the longest hours after Mexicans among member countries of the Organization for Economic Cooperation and Development. Koreans worked 2,124 hours in 2014, according to the latest data. Working long hours does not necessarily mean
June 18, 2016
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South Korean share prices rebound on eased Brexit woes
[THE INVESTOR] South Korean stocks snapped a six-day fall to close higher on June 17 on eased concerns over a British exit from the European Union. However, the rebound was still shaky amid lingering uncertainties in the global economy. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index edged up 1.41 points, or 0.07 percent, to close at 1,953.4. Trade volume was at 478.81 million shares worth 4.42 trillion won (US$3.78 billion), with winners outnumbering
June 17, 2016
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Stocks, bonds offer investment options amid low interest rates
[THE INVESTOR] With the central bank slashing its benchmark interest rate to a historic low of 1.25 percent, putting money in bank accounts will not increase people’s income, as bank deposit rates will drop in line with the key base rate.Experts recommend reallocating funds in bank deposits to other assets that offer higher yields. Real estate may be an option, but not a lot of people can afford to invest in an apartment unless they borrow money from banks with low interest rates. Investing fund
June 17, 2016
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Bank deposits offer poor returns
[THE INVESTOR] Following the Bank of Korea’s surprise cut in base interest rate last week, local banks have each been slashing their own rates for deposit and saving accounts. Citibank Korea’s easy-access deposit account for corporate clients has fallen into negative return territory after the bank slashed its annual interest rate to 0.001 percent from 0.1 percent on Tuesday. This means that a deposit of 10 million won ($8527) earns 1,000 won a year in interest, or 846 won after tax. Given that
June 17, 2016
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LG Display to collaborate with Chinese patent office
[THE INVESTOR] Display maker LG Display said June 17 that it held a meeting with top officials from the Patent Examination Cooperation Center, a patent office, in Jiangsu, China. At the meeting the company’s chief technology officer Kang In-byeong elaborated on the firm’s business strategies and technologies including organic light-emitting diodes. LG Display’s chief technology officer Kang In-byeong (right).CTO Kang and officials from the patent office vowed to make concerted efforts to bring i
TechnologyJune 17, 2016
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Prosecutors say VW’s HQ ordered emissions manipulation
[THE INVESTOR] German carmaker Volkswagen’s headquarters ordered the manipulation of emissions tests for vehicles imported into Korea, Seoul prosecutors said on June 17. The investigators have secured evidence that German officials ordered the manipulation of software in the seventh generation Volkswagen Golf to secure approval from Korea’s National Institute of Environmental Research. Under local laws, all imported cars have to receive approval from the state-run agency of their emission result
BusinessJune 17, 2016
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[INTERVIEW] 'Mom, buy me stock'
[THE INVESTOR] Whenever John Lee has the chance to meet new people he emphasizes the same piece of advice: “Buy your children stocks, instead of paying high fees for private education.”During our interview at his office in Bukchon, northern Seoul, the CEO of Meritz Asset Management asked me directly if I was investing in stocks. For ordinary Korean workers, it is not easy to check the stock market frequently and pick good shares that will yield high returns. When news reports tell us the local s
June 17, 2016
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Operator to remove billboards from subway platforms
Seoul Metropolitan Rapid Transit, the operator of subway lines No. 5 to 8, said Friday that it will remove billboards from subway platforms in response to claims that they hamper emergency exits for passengers during safety accidents.Of the 3,180 billboards at some 145 stations on subway lines No. 5-8, a total of 1,093 or 34 percent will be removed by the end of August, according to the operator. Instead, some 6,200 emergency exits will be installed by 2020.Billboards, which expose advertising c
Social AffairsJune 17, 2016
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[ANALYST REPORT] LG Electronics: MC division to again disappoint
Rather than a demand rebound, LG Electronics (LGE) earnings are to continue being buoyed by its competitiveness in the home entertainment and home appliances markets (absence of rivals strong enough to supplant its positions in these markets). However, we expect earnings at its MC division to remain weak.2Q16 preview: MC division to book disappointing earnings We expect LGE to register 2Q16 sales of W14.4tn (up 3% y-y, up 8% q-q) and operating profit of W608.0bn (up 149% y-y, up 20% q-q) on weak
June 17, 2016
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[ANALYST REPORT] The global robot revolution is here, and growing
The past month has seen a spate of robotics M&A activity around the world. China tipped its hand to its RIoT ambitions with a USD5bn offer for Germany’s Kuka, one of the world’s leading robotics companies. Kuka has traditionally been a strong player in the industrial robot space but recently has been aggressively moving into the service robotics domain due to the expected massive growth of the segment.Toyota is also reported to be in talks with Google to acquire Boston Dynamics and Schaft—the wo
June 17, 2016
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Recovery of sunken Sewol ferry postponed
The recovery of the sunken Sewol ferry has been delayed until August due to unexpected damage caused during the lifting operation which began this week.But considering the heavy rain and typhoons that are common in late summer and early fall, observers noted, the timeline may further be delayed until September.According to the Ministry of Oceans and Fisheries on Thursday, the damage to the ferry‘s bow section has dimmed prospects of the salvage operation by the target date of July.Two out of fiv
Social AffairsJune 17, 2016