Most Popular
-
1
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
-
2
Over 82,000 Korean young people unemployed, not searching for job long-term
-
3
40% of Korea's workers who reported bullying faced retaliation: survey
-
4
[KH Explains] Can smart chargers ease tensions over EV fires?
-
5
600 evacuated as heavy rain floods roads, homes in southern regions
-
6
1 in 5 households to have breadwinner over 80 in 30 years
-
7
New Fifty Fifty off to strong start
-
8
[Weekender] Young Koreans more open to Japanese cultural products
-
9
Evicted guest burns down inn; 3 killed
-
10
Assembly to review disputed appointment of national soccer team coach
-
Hyundai‘s Tucson is best-selling new car in Germany
South Korean automaker Hyundai Motor’s compact SUV model, the Tucson, was the best-selling car among 20 new models released in Germany in the first half of this year, data showed Friday. According to the German Association of the Automotive Industry,13,454 Tucsons have been sold in Germany since its debut in January. The average monthly sales of the Tucson were 2,242 units over the period, far surpassing Ford‘s Mustang with 556 and Italian carmaker Fiat’s Tipo with 337, the association said. Amo
MobilityAug. 5, 2016
-
Korea to sell W1tr worth of Treasury bills in August
South Korea plans to sell 1 trillion won ($900 million) worth of Treasury bills this month to help stabilize the money market and cover government expenses, the finance ministry said Friday.The bills will have a maturity of 63 days and be sold in two separate auctions throughout the month, according to the Ministry of Strategy and Finance.Treasury bills are designed to raise money to cover short-term financial shortfalls, and thus are generally sold with a maturity of less than a year.Following
Aug. 5, 2016
-
[Editorial] THAAD compromise
President Park Geun-hye is trying to reach a compromise with angry residents in Seongju, North Gyeongsang Province, over the U.S.’s plan to deploy a Terminal High Altitude Area Defense battery in the county by next year.Park has said the administration is willing to change the site where the THAAD will be stationed if there are other locations the county can recommend. But she has clarified that the new location should be within Seongju.Seongju residents, including lawmakers from the Daegu-North
EditorialAug. 5, 2016
-
Frozen food sales soar on more small households, heat wave
Frozen foods are gaining huge popularity in South Korea thanks to a rise in the number of households with one to two members and a prolonged heat wave, industry data showed Friday.Discount giant E-Mart said its sales of frozen alternative foods, including fried rice, rice with seasoned vegetables and noodles, jumped 75.8 percent in the January-July period from a year earlier.Of its own convenience food brand, sales of frozen foods shot up 55 percent on-year during the same period, far exceeding
IndustryAug. 5, 2016
-
[Editorial] Boon or bane?
The Corporate Vitality Enhancement Act will take effect in about a week. The law, which was legislated in February, is designed to revitalize ailing industries, such as shipbuilding and steelmaking, which have been suffering from a glut among global competitors.Policymakers say that the law -- which is better known as the “one-shot” law -- would provide conglomerates with decent opportunities to streamline ailing business segments by merging units with similar functions.The special law is drawin
EditorialAug. 5, 2016
-
Seoul issues 66% of support funds to firms at shuttered Gaesong complex
South Korea said Friday it has provided 66 percent of earmarked support funds to local firms operating factories at the now-shuttered joint industrial park to help cover their financial losses.The government has offered 336.9 billion won ($303 million) out of about 500 billion won in state funds to South Korean companies at the Gaeseong Industrial Complex in North Korea, according to Seoul’s Unification Ministry. Samba dancers pose in front of Hyundai Department Store’s Sinchon branch in Seoul o
IndustryAug. 5, 2016
-
Analysts upbeat on Asiana Airlines
Asiana Airlines Inc., a major South Korean flag carrier, is expected to see its earnings improve down the road thanks to an overhaul of unprofitable routes and sales of noncore assets, analysts said Friday.In a note to clients, Daishin Securities Co. said the airline has started turning around as it swung to a profit on an operating-income basis in the second quarter of this year.Asiana’s operating profit came to 28.8 billion won ($25.9 million) in the April-June period, compared with a loss of
IndustryAug. 5, 2016
-
[Jongsoo Lee] Managing Brexit and its global repercussions
Brexit may go down in history as the most significant event in Europe since the fall of the Berlin Wall. Its repercussions may be far-reaching and global. Policymakers everywhere must beware and cooperate so as to prevent its negative consequences.First, a brief note on the striking parallels between Brexit and the fall of the wall. The first is that just as the wall’s sudden collapse came as a surprise defying conventional wisdom, so did the outcome of the Brexit referendum. Both of these water
ViewpointsAug. 5, 2016
-
[Photo News] Olympic marketing
Samba dancers pose in front of Hyundai Department Store’s Sinchon branch in Seoul on Friday as part of the Samba Carnival Parade commemorating the Rio Summer Games. Hyundai Department Store will be showcasing the parade at 14 different branches through Aug. 21. (Yonhap)
IndustryAug. 5, 2016
-
[Photo News] Korea building Uzbek airport terminal
Representatives from Incheon International Airport and the Uzbek government meet at the final report for a feasibility study Wednesday at Uzbek Airways. Incheon International Airport Corp. said Thursday it completed a feasibility test for a new passenger terminal in Tashkent International Airport as part of an aid project. The $454 million terminal is expected to open in 2020. Pictured: Kim Dong-chul, director of Incheon International Airport (front row, far left), Deputy Prime Minister of Uzbek
IndustryAug. 5, 2016