Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Doctors defend colleague accused of blacklisting non-strikers
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LG International reviews issuing bonds to raise capital
[THE INVESTOR] LG International is reviewing plans to issue bonds for raising 100 billion won (US$89.19 million) in August, local media reported on July 29.According to reports, the trading arm of LG Group is considering issuing 3-year and 5-year bonds. The company’s credit rating is “AA-.” LG Group headquarters in Yeouido, western Seoul.LG International said that the funds raised through the bonds would go toward funding its operations, saying that none of the previously issued bonds reach matu
July 29, 2016
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FSC urges banks to refrain from competitive debt collection
[THE INVESTOR] South Korea’s top financial regulator on July 29 urged domestic lenders to stop their “indiscriminate” debt collection practices against firms that are sensitive to economic upheavals, saying excessive attempts to do so could heighten their instability.“If lenders competitively mount pressure on firms to repay their debt, it will be difficult for them to maintain financial stability,” Financial Services Commission Chairman Yim Jong-yong said during a meeting with heads of policy a
July 29, 2016
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BOK to maintain low rates
[THE INVESTOR] The Bank of Korea said on July 29 that it will maintain the low benchmark rate in light of the slow economic growth rate expected in the near future. The Bank of Korea.In a report submitted to the National Assembly, the central bank said that the current monetary policy will be maintained, citing the low growth rate and projections that inflation will fall short of the target. The central bank said that the country’s monetary policy will be implement with the aim of raising inflat
July 29, 2016
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'V20 not enough for LG Electronics' turnaround'
[THE INVESTOR] LG Electronics' clout in the global smartphone market is steadily declining on the back of cut-throat competition in the sector.And the Korean firm’s bet on its next high-end smartphone, the V20, which succeeds the V10, is not expected to bring about a dramatic turnaround, according to industry watchers. LG V10 phablet. Its successor, tentatively called V20, is expected to come out in September. LG Electronics"LG’s upcoming new high-end smartphone will not be able to offset the s
TechnologyJuly 29, 2016
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Samsung drops from list of top 5 smartphone-makers in China
[THE INVESTOR] Samsung Electronics has failed to make it to the list of top five smartphone-makers in China, despite having the largest global market share, falling behind local rivals and Apple. According to Strategic Analytics, a market research firm, Chinese handset makers, including Huawei, Oppo, Vivo and Xiaomi, were the top sellers in the April-June period. Samsung Galaxy S7.Huawei, China’s largest handset maker, topped the list with 19.1 million unit sales or 17.5 percent market share, fo
TechnologyJuly 29, 2016
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Gov't paroles SK Group vice chairman convicted of embezzlement
South Korea on Friday released SK Group vice chairman who was convicted of embezzlement and 573 other prisoners who exhibited exemplary behavior while serving their sentences, the justice ministry said. The inmates, who have a low possibility of becoming repeat offenders, were released at 10 a.m., the Ministry of Justice said. It said those released had already served more than a third of their sentences. Among those set free are Chey Jae-won, the SK Group vice chairman and younger brother of th
IndustryJuly 29, 2016
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Korea, Japan to meet for follow-up measures on comfort women foundation
South Korea and Japan will hold a meeting next month to discuss follow-up measures related to a foundation launched to help Korean women sexually abused by Japan during its colonial rule of the peninsula in the first half of the 20th century, government sources said Friday.The meeting is likely to be held in the second week of August, and it will mark the first time for both sides to get together after the foundation kicked off work on Thursday in Seoul. The Reconciliation and Healing Foundati
Foreign AffairsJuly 29, 2016
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Operating profits of 22 major Korean firms up 6.1% in H1
Operating profits of more than 20 major South Korean companies increased in the first six months of this year from a year earlier, market data showed Friday.The combined operating profits of tech giant Samsung Electronics Co. and 21 other companies came to 32.44 trillion won ($28 billion) in the January-June period, up 6.1 percent from a year earlier, according to market researcher FN Guide.It said the combined net profits of the companies stood at 24.46 trillion won in the first half of the yea
IndustryJuly 29, 2016
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Lotte theme park selected to lead gov’t VR project
[THE INVESTOR] The Ministry of Science, ICT and Future Planning on July 29 named Lotte World Adventure as the developer of its virtual reality theme park development program. Lotte World Adventure.The program is part of the government’s Virtual Reality Flagship Project that aims to develop virtual reality technologies ahead of international competitors. Along with a theme park that uses VR technologies, the government hopes to develop games, entertainment, education and other businesses that use
IndustryJuly 29, 2016
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Korean shares up in late morning trading
South Korean shares traded a tad higher late Friday morning, led by tech shares.The benchmark Korea Composite Stock Price Index inched up 2.09 points, or 0.10 percent, to 2,023.19 as of 11:20 a.m.Market bellwether Samsung Electronics jumped 2.65 percent. A day earlier, the tech giant announced its biggest quarterly operating profit in more than two years. Auto shares were mixed, with market leader Hyundai Motor decreasing 2.50 percent while its smaller affiliate Kia Motors inching up 0.24 p
July 29, 2016
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Brokerages lift forecasts for Samsung Electronics' Q3 earning
Some brokerages in South Korea on Friday lifted their forecasts for Samsung Electronics Co.'s third-quarter earnings, a day after Samsung posted its biggest quarterly operating profit in more than two years. Samsung, the world's largest maker of smartphones and semiconductors, reported an operating profit of 8.14 trillion won ($7.23 billion) for the April-June quarter, buoyed by strong sales of its flagship Galaxy S7 smartphone. Samsung expected its smartphone margins to be under pressure in the
TechnologyJuly 29, 2016