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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Middle East’s big AI push lures Korean tech firms
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Arrival of fall calls for more outdoor festivals
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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Employees in 60s outnumber workers in their 20s in Q2
The number of employees in their 60s and older surpassed that of 20-somethings in the second quarter as a lingering economic slowdown has undermined the job market for young job seekers in South Korea, government data showed Wednesday.A total of 3.98 million people aged 60 and over were employed in the April-June period, while those in their 20s reached 3.79 million, according to the data compiled by Statistics Korea. People browse through recruitment advertisements at a job fair in Seoul on Jul
July 20, 2016
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Cigarette sales bounce back despite price hike
Cigarette sales for the first half of 2016 have risen 14 percent compared to the same period last year, coming back from a sharp drop early last year due to a price hike, according to data Wednesday.According to research firm Nielson, over 35.3 billion cigarettes were sold in the first half of the year compared to 31 billion in 2015. This year‘s sales are still significantly lower than the 40 billion cigarettes sold in the first half of 2014 before the government’s increase of the excise tax. Ho
IndustryJuly 20, 2016
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Imported car registrations cross 1.5 million in Korea
[THE INVESTOR] The number of registered imported automobiles broke the 1.5 million mark in June, industry data showed on July 20. The country’s automobile market was opened to foreign brands in 1987. According to automotive industry organizations, the number of imported vehicles registered in South Korea came to just over 1.52 million units in June, up 1.7 percent from the previous month. In comparison, the number of all vehicles registered in Korea came to about 21.37 million units at the end o
MobilityJuly 20, 2016
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[EQUITIES] Robust domestic demand to elevate Kia’s global sales in Q2
[THE INVESTOR] LIG Investment and Securities said on July 20 that Kia Motors will restore profits in the second quarter as robust domestic demand is filling up its slowing overseas sales. The brokerage predicted the carmaker would post 13.3 trillion won (US$11 billion) in sales and 700 billion won in operating profit in the April-June period, up 7.2 percent and 7.4 percent, respectively. On its home turf, car sales increased 16.3 percent largely due to the hot-selling K7 sedan, coupled with tax
July 20, 2016
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Busan Bank raising $250m through CoCo bonds
[THE INVESTOR] Busan Bank, a subsidiary of BNK Financial Group, has sold contingent convertible bonds, or CoCos, worth US$250 million, the lender said on July 20. The 10-year additional tier 1 bond, which drew orders of almost US$2.4 billion, is priced with a coupon of 3.675 percent. “It is the lowest rate among US dollar-denominated CoCos ever issued in Asia since Basel III came into effect,” an official at Busan Bank said. The Basel III is a global regulatory framework on bank capital requirem
July 20, 2016
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[팟캐스트](154) 지체장애인 19년간 강제노역 외 1건
진행자: 이다영, Julie Jackson 1. 경찰, ‘’19년 축사노예‘ 가해자 사법처리 나서 기사요약: 경찰은 40대 지체장애인을 19년 동안 축사에서 강제노역시킨 농장 주인을 피의자 신분으로 불러 조사할 방침이다.아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638‘Farmer to be charged for enslaving disabled man’ [1] Police said Sunday they plan to file charges against a farmer who is accused of enslaving a man with intellectual disabilities for 19 years at his farm. *enslaving: 노예로 만들다, 노예처럼 부리다*intel
PodcastJuly 20, 2016
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Finance union to stage nationwide strike in September
[THE INVESTOR] The Korean Financial Industry Union announced on July 20 that it will stage a nationwide strike in September.The union put the strike plans to the vote on July 19, and 95.7 percent of the voting members approved the plans. The industry union said that of the 95,168 members, 82,633 participated in the vote. If the financial union goes ahead with the plans, it will be the first time since September 2014 that the union will go on a nationwide strike. The Korean Financial Industry Uni
July 20, 2016
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GM Korea union to strike on July 22
[THE INVESTOR] GM Korea’s labor union will stage a partial strike on July 22 under directions from the Korean Metal Workers’ Union. The KMWU is a subgroup of the hardline umbrella union Korean Confederation of Trade Unions. The GM Korea branch of the KMWU said on July 20 that it will set up a committee for strikes, and that a four-hour strike will be staged on July 22 at the company’s plant in Incheon. The striking union members will then join the KMWU rally outside the National Assembly. GM Kor
MobilityJuly 20, 2016
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Nature Republic seeks to revive, first in US
[THE INVESTOR] Nature Republic, the Korean cosmetics brand that focuses on promoting a healthy lifestyle, is set to open two more stores in the US and expand its overseas presence. The company was recently mired in a scandal involving its founder and CEO Jung Woon-ho. He has been in prison for eight months on charges of embezzlement and breach of trust for gambling overseas, and caused a political upheaval allegedly spending billions of won in lobbying for a lenient sentence.Nature Republic stor
IndustryJuly 20, 2016
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Local THAAD will not be incorporated into wider U.S.-led MD system: defense chief
Korea's defense minister said Wednesday that the planned deployment of an advanced U.S. anti-missile system is for self-defense and will not be incorporated into the wider U.S. missile defense system. Defense Minister Han Min-koo's remarks made at the National Assembly policy review session come after speculations that the deployment of the Terminal High-Altitude Area Defense system in Korea will invariably lead to the country becoming part of the Washington-led MD system which is seen by some a
DefenseJuly 20, 2016
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China to review safety of Samsung, LG batteries
[THE INVESTOR] The Chinese government has recently decided to review the safety of nickel-manganese-cobalt-oxide batteries, or NMC, that are produced by leading battery-makers like Samsung SDI and LG Chem. Industry watchers say it is highly likely that the decision is politically motivated to offer benefits to China’s less experienced battery-makers that are still focusing on lithium-ion-phosphate batteries, or LFP.The NCM manufacturing improves battery life and performance but requires more adv
TechnologyJuly 20, 2016
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LG to see W4tr in automotive parts sales by 2018
[THE INVESTOR] LG Electronics, which is making a big push on automotive parts business, is forecast to increase the sales to about 4 trillion won (US$3.5 billion) in the next two years, according to analyst estimates on July 20. The company’s auto parts business division is expected to post more than 600 billion won in sales in the second quarter. Last year’s sales reached 1.8 trillion won. A see-through image of GM’s upcoming full-electric Bolt. LG Electronics will supply 11 key parts, includin
TechnologyJuly 20, 2016
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Hyundai Mobis sets up distribution center in Belgium
Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, said Wednesday that it has set up a new distribution center in Belgium in the latest efforts to reduce lead time for its customers.The 56,000 square-meter facility will also serve as a logistics hub for Britain, Germany, Spain, Italy, Sweden and Hungary, the top Korean auto parts maker said.The new facility could shorten lead time -- the time it takes for customers to get their parts -- by more than two days.Previously, the auto part
IndustryJuly 20, 2016
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Korea working to keep foreign financial firms from leaving
Korea's top financial regulator on Wednesday said it will step up efforts for "communication" with foreign banks and other financial services firms to help resolve their troubles in doing business here."It's worrisome that the branches of some foreign financial companies have withdrawn or scaled down their operations," said Jeong Eun-bo, vice chairman of the Financial Services Commission.He was meeting with a group of CEOs of foreign financial firms.There are various reasons for those foreign of
IndustryJuly 20, 2016