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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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 Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Herald Interview] US election may unleash growth for Korea: Laffer
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One North Korean missile exploded in initial stage of latest launch
One of the three ballistic missiles recently test-fired by North Korea likely exploded in the air during its initial stage of flight due to some sort of malfunction, military officials familiar with the matter said Friday.According to military sources, one of the three missiles blew up at an altitude of less than 30 kilometers, though two others flew 500-600 km from Hwangju, south of Pyongyang, across the communist country before hitting the East Sea early this week."Pyongyang's claim to have us
North KoreaJuly 22, 2016
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POSCO ICT to supply home charging stations for GM Bolt
[THE INVESTOR] POCSO ICT will supply home charging stations for General Motors’ first full-electric compact Chevrolet Bolt that debuts in September, the IT solutions unit of POSCO said July 22. The Korean firm recently signed a deal with GM Korea, the Korean unit of the US auto giant, it said. POSCO ICT’s EV charging stationUnder the deal, the company also plans to build the charging stations at GM Korea’s some 120 after-sales centers, sales stores and other key locations such as large supermar
MobilityJuly 22, 2016
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Hanwha E&C wins W300b order to build Seoul-Sejong expressway
[THE INVESTOR] Hanwha Engineering & Construction announced on July 22 that it has received a 299.8 billion won (US$263.68 million) construction order for part of the Seoul-Sejong expressway.It has won a turnkey project -- that lets contractor do the whole process from design and to implementation -- to build the road between Anseong and Guri. The expressway construction is part of a large-scale government scheme to complete five axis that run across the metropolitan area from north and south. Ru
IndustryJuly 22, 2016
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Legal battle escalates between Samsung, Huawei
[THE INVESTOR] Samsung Electronics has recently filed a suit against Huawei and its key retailer for patent infringements, escalating the legal battle between the two rival smartphone-makers. According to industry sources on July 22, the Korean tech giant sued Huawei for infringing its six patents, including those on mobile communication systems information control, and the retailer for selling the products. They involve Huawei’s key models such as Mate 8 and Honor series phones. Samsung asked e
TechnologyJuly 22, 2016
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US slaps antidumping tariff on S. Korean steel products
[THE INVESTOR] US is to levy antidumping tariffs on South Korean corrosion-resistant steel products, the Korea International Trade Association said on July 22. According to KITA, the United States International Trade Commission ruled that South Korean corrosion-resistant steel was damaging to the US steel industry, and decided to levy the antidumping tariffs. The ITC ruled that Hyundai Steel’s products will be subjected to 47.8 percent, and that produced by Dongkuk Steel Mill to 8.75 percent ant
IndustryJuly 22, 2016
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Cafe Droptop arrives in Southeast Asia
[THE INVESTOR] Starting with Malaysia, the coffee shop franchise Café Droptop is entering the Southeast Asian market, it announced on July 22. It recently signed a franchise agreement with Malaysian company KH F&B and will open the first outlet in Johor Baharu in December.The city on southern tip of the country has a bustling economy and growing interest in premium desserts and coffee, the company explained. Partnering with KH F&B, an established wood exporter, and setting up a local subsidiary,
IndustryJuly 22, 2016
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[EQUITIES] Kiwoom Securities forecasts 9% operating profit decline for Lotte Shopping in Q2
[THE INVESTOR] Kiwoom Securities forecast Lotte Shopping will post underperforming second-quarter operating profit due to sluggish retail sector performance.Operating profit was expected to fall 9.1 percent to 184.8 billion won (US$161.68 million), while sales will rise 3.3 percent to 7.64 trillion won. The latest investigations into Lotte Homeshopping and closing of the duty-free shop in Lotte World Tower were cited as some of the factors weighing on the firm, in addition to the scandal over to
July 22, 2016
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[EQUITIES] Dongbu Securities puts LG Chem’s Q3 operating profit at W518b
[THE INVESTOR] Dongbu Securities on July 22 said it expects LG Chem ’s third quarter operating profit to fall from the second quarter to 517.6 billion won (US$455.84 million). Seasonal factors were cited as the biggest reason, but the brokerage also said the chemicals maker would maintain its growth momentum.In the second quarter of the year, LG Chem posted 615.8 billion won of operating profit, up 9.3 percent on-year. The figure was also higher than the market consensus of 574.3 billion won.By
July 22, 2016
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Korean traditional confectionery master receives state recognition
A South Korean traditional sweets master has received the monthly state recognition for his outstanding artisanship, a government ministry said Friday. Kim Gyu-heun, the master artisan of "hangwa," or South Korean traditional confectionery, usually made from grains and natural sweeteners, was dubbed the "South Korean Artisan of the Month" for July, a recognition jointly presented by the Ministry of Employment and Labor, and the Human Resources Development Service of Korea. With 35 years of exper
FoodJuly 22, 2016
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U.S. Forces Korea says PAC-3 unit temporarily brought from Japan for drills
The U.S. Forces Korea on Friday said a Patriot PAC-3 battery was temporarily relocated from Japan for a U.S.-Korea joint military drill under way in the country amid escalating saber-rattling by North Korea. A PAC-3 unit arrived in Busan, South Korea's No. 1 seaport, on July 13 and is currently being used in a drill, in which South Korean forces are participating, in Gunsan, 274 kilometers south of Seoul, according to the United States Eighth Army."The drill is aimed at rapidly transporting the
DefenseJuly 22, 2016
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Samsung Electro-Mechanics reports 84% plunge in Q2 profit
Samsung Electro-Mechanics Co., a maker of electronic components, on Friday said its operating profit for the second quarter of this year plunged 84 percent from a year earlier because of a weaker Japanese currency. Samsung Electro-Mechanics posted 15.2 billion won ($13.3 million) in operating profit for the April-June period and sales slightly rose to 1.6 trillion won, the company said in a regulatory filing. A weaker Japanese currency helped Samsung's Japanese rivals boost sales overseas, and S
July 22, 2016
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[EQUITIES] Mirae Asset Daewoo forecasts W518b net profit in Q3
[THE INVESTOR] Mirae Asset Securities on July 22 forecast that KB Financial will post a net profit of 517.8 billion won (US$453.02 million) in the third quarter to continue on a path of positive earnings.It cited improving interest rate profit margins and narrowing deficit in non-interest rate profit as reasons behind the quarterly gains. In the second quarter, KB Financial posted 580.4 billion won of net profit. The figure reflects a 70.9 percent increase on-year, and is also 30 percent higher
July 22, 2016