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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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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CJ O’Shopping, Baozun to bring Korean goods to Chinese online shoppers
[THE INVESTOR] CJ Group’s shopping network CJ O’Shopping will join hands with China’s Baozun to launch e-commerce solution business in China for South Korean brands, it announced on July 28. The two companies will invest a total of US$6.7 million and establish a joint venture named BCJ (Baozun-CJ E-commerce) next month, set to start operating in September. CJ will own 49 percent stake and its Chinese partner 51 percent stake.CJ O'Shopping president Heo Min-heoiBased on its local platform network
IndustryJuly 28, 2016
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LG Display to benefit from rising panel demand
[THE INVESTOR] Korean panel maker LG Display may continue to show improved results due to increased prices and strong technology demand, a local brokerage house Eugene Investment & Securities said on July 28. “LG Display’s second-quarter earnings have improved boosted by OLED and quickly stabilizing prices, sporting events, increasing sales of newly launched panels and improved demand in China,” said Lee Jung, an analyst at Eugene Investment. LG Display’s 65-inch Curved Ultra HD OLED TV Panel T
July 28, 2016
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Lower grade bonds soar in H1
[THE INVESTOR] The value of unsecured corporate bonds of BBB or lower ratings issued during the first half of the year has nearly doubled from a year ago, Financial Supervisory Service data showed on July 28.According to the data, the value of BBB or lower bonds issued during the period came to just under 1.39 trillion won (US$1.23 billion). In comparison, the figure for the same period last year is 757 billion won. The rise in BBB or lower corporate bonds is thought to have been fueled by the 1
July 28, 2016
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Man arrested for kicking pregnant cat, killing three kittens
A man who kicked a pregnant cat which resulted in three stillbirths was arrested for violation of animal protection law on Wednesday. Gyeonggi Siheung Police said the 63-year-old had kicked a cat on July 6 around 6:00 p.m., killing three of the ten kittens it was pregnant with. (YouTube Capture)The accused told the police that he kicked the cat because it had “suddenly sprung out on the street.” He was not aware that it was in gestation. The cat belonged to the owner of the supermarket in front
Social AffairsJuly 28, 2016
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Five Hyundai, Kia cars named segment leaders in U.S. survey
Five vehicle models produced by South Korean automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have been named best cars by U.S. consumers, the automakers said Thursday.In a survey conducted by J.D. Power and Associates, a U.S. marketing information service firm, the Hyundai Tucson was named the best small SUV, beating the Volkswagen Tiguan and all other competitors in the segment, according to Hyundai.The survey was conducted on those who purchased a new car between Novembe
MobilityJuly 28, 2016
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'N. Korean defector seeks refuge via Hong Kong'
A North Korean defector has come to seek refuge at the South Korean consulate in Hong Kong, local media reported Wednesday. Hong Kong’s South China Morning Post and other news outlets have said that the defector was presumed to be a member of a North Korean delegation to an academic competition at a local university, which was held about two weeks ago. (Yonhap)Security was seen bolstered around the Korean consulate in the Far East Finance Centre in Harcourt Road, Admiralty.Neither the South Kor
North KoreaJuly 28, 2016
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Scores of Kim Jong-il badges found at hotel near Incheon airport
Police said Thursday they are investigating scores of Kim Jong-il badges found at a hotel near Incheon International Airport, South Korea's main gateway.Grand Hyatt Incheon, located right next to the airport, reported to police at around 6:25 a.m. that the coin-sized lapel pins were found in front of the hotel. There were a total of 196 badges, according to police.The production and distribution of lapel pins bearing the images of North Korea's two late leaders, Kim Il-sung and his son, Kim Jong
North KoreaJuly 28, 2016
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Corporate bond issuance dips amid financial woes
South Korean firms sharply reduced bond issuance in the first half of 2016, yet another sign of their worsening financial health amid a drawn-out economic slump, a government tally showed Thursday.The value of ordinary corporate bonds issued in the six months totaled 18.9 trillion won ($16.7 billion), down 18.9 percent from a year earlier, according to the Financial Supervisory Service.They preferred gilt-edged bonds. Among non-guaranteed corporate bonds issued during the period, worth 18.87 tri
July 28, 2016
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Naver's Q2 profit soars as mobile ad revenue grows
Naver Corp., South Korea's largest internet portal, said Thursday its second-quarter net profit jumped 71.8 percent from a year earlier, thanks to a solid gain in mobile ad revenue. Naver reported a net profit of 213.2 billion won ($189.2 million) for the April-June quarter, compared with a profit of 124 billion won for the same period last year. Second-quarter operating profit rose 44 percent on year to 272.6 billion won. Sales gained 26.3 percent to 987.2 billion won, the company said in a reg
July 28, 2016
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Japan-funded foundation launched to settle old row over Korean comfort women
A Japanese government-funded private foundation was launched in South Korea on Thursday to compensate women who were sexually enslaved by Japan more than seven decades ago, a move aimed at ending one of the neighbors' long-running diplomatic feuds stemming from Tokyo's past colonization of the Korean Peninsula.The formation of the Reconciliation and Healing Foundation is the result of the landmark deal reached on Dec. 28 to once and for all end the row over the sexually enslaved women, euphemist
Social AffairsJuly 28, 2016
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Smartphone sales boost Samsung's profit to 2-year high
Samsung Electronics Co. reported its biggest quarterly operating profit in more than two years Thursday, boosted by robust sales of its latest premium smartphone and cost-cutting efforts. The world's largest maker of smartphones and semiconductors earned 8.14 trillion won ($7.19 billion) in the April-June period, up 18.06 percent from the same period the year before. Second-quarter net profit rose 1.65 percent on year to 5.84 trillion won. Sales gained 4.94 percent to 50.9 trillion won, Samsung
July 28, 2016
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Prosecutors seek arrest warrant for ex-VW Korea chief
[THE INVESTOR] Prosecutors on July 27 filed for an arrest warrant for Park Dong-hoon, Volkswagen Korea’s former chief executive officer, over the German automaker’s emission rigging scandal. Park has been charged with fabrication of private documents, obstruction of justice and violation of the Clean Air Conservation Act. The 63-year-old headed the Korean unit from its initiation in 2005 to 2013 before moving to Renault Samsung Motors as sales chief. He took helm of the Korean unit of France’s R
MobilityJuly 28, 2016
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Galaxy S7 drives up Samsung’s Q2 profit
[THE INVESTOR] Samsung Electronics said July 28 that its operating profit increased 18 percent on-year to 8.14 trillion won (US$7.19 billion) in the April-June period on the back of strong sales of the firm’s smartphones, the Galaxy S7 and its Edge variant in particular.Quarterly revenue increased 5 percent to 50.94 trillion won from a year earlier. Samsung’s IT & Mobile Communications division, in charge of the smartphone business, posted a whopping 4.32 trillion won operating profit, up from 2
TechnologyJuly 28, 2016
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Ssangyong, Jaguar to recall vehicles
[THE INVESTOR] Ssangyong Motor will recall over 2,600 units of its flagship Korando C sport utility vehicle sold here for faulty seatbelts, the Transport Ministry said on July 28.The car is one of six vehicle models, including two types of two-wheeled vehicles and a commercial truck, from five separate manufacturers that failed government tests, according to the ministry.The latest government test involved 16 vehicle models that were sold under a self-certification system. The government regular
IndustryJuly 28, 2016