Most Popular
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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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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Exclusive] Democratic Party of Korea forms US election task force
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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[NEWS ANALYSIS] Pros and cons of potential THAAD locations
South Korea and the U.S. decided on the deployment of the Terminal High Altitude Area Defense here last week and the talk of the town has been where the advanced missile defense system will be located.Korea and the U.S. kicked off talks to station THAAD on the peninsula in February, on the heels of North Korea’s long-range rocket launch that followed its nuclear test in January. Various locations around the country are considered to be potential candidates including Osan and Pyeongtaek in Gyeong
DefenseJuly 12, 2016
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Foreign investors scoop up software stocks on upbeat Q2 earnings outlook
[THE INVESTOR] As investors went into risk-aversion mode, software firms are increasingly becoming their safe havens due to low price volatility and analysts’ optimistic forecasts on their earnings. According to market analysis provider FnGuide, foreign investors scooped up 600.5 billion won ($521 million) worth of local software shares since May this year. Leading the pack was Naver, South Korea’s No. 1 Internet portal, with 425.3 billion won, followed by Com2uS at 112.5 billion won, Samsung SD
July 12, 2016
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Minjoo Party divided over THAAD deployment
South Korea’s main opposition party is grappling with internal division on its approach to the government’s decision to deploy U.S. missile defense system, showing a significant crevice in the center-left party‘s security platform.The Minjoo Party of Korea lawmakers on Tuesday failed to reach a consensus in a party meeting over whether to endorse the deployment of Terminal High Altitude Area Defense system. The attendants instead agreed to build an entity to study the issue and seek parliamentar
PoliticsJuly 12, 2016
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Seoul stocks end higher on positive outlooks
Korean stocks ended higher Tuesday as foreign investors continued their buying spree following overnight gains on Wall Street where the main equity indices rallied on increased hiring.The benchmark KOSPI closed at 1,991.23, up 0.14 percent, spurred by a bull market on Wall Street as Brexit concerns moved to the background. Manufacturing expansion in the eurozone, led by Germany, boosted investor confidence with Germany’s purchasing manager’s index climbing to a 28-month high of 54.5 last month.T
July 12, 2016
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Park’s visit to Mongolia to open new overseas market: officials
President Park Geun-hye’s visit to Mongolia this week is expected to open up an unexploited niche market for South Korean companies, especially for small and medium-sized firms in infrastructure, medical care and culture sectors, according to Cheong Wa Dae on Tuesday.“Mongolia, with a population of 3 million, may be a relatively small market in size but has risen as a promising niche market (for South Korea), riding on the Korean wave,” said senior presidential secretary for economic affairs Kan
PoliticsJuly 12, 2016
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[DECODED] Flip side to Suh Kyung-bae’s tight grip on AmorePacific
When it comes to share ownership,AmorePacific chairman Suh Kyung-bae keeps it simple. He holds a majority of stocks in AmorePacific Group, the cosmetics-focused group’s holding company. The firm then directly controls 10 subsidiaries with a vast majority of shares. The affiliate companies hold no equity stakes in each other. Suh Kyung-bae (AmorePacific)The only exception is AmorePacific, the group’s crown jewel that sells the premium brand Sulwhasoo and one of the group’s only two publicly trade
IndustryJuly 12, 2016
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[Kim Seong-kon] Convenient, but not yet graceful
Recently, a middle-aged Korean-American man wrote about his impressions of Korea on Facebook after a sojourn in Seoul. First of all, he was quite impressed by the convenient electronic devices pervasive in Korean society. “Thanks to the automatic identification system installed at the entrance,” he wrote, “Korean drivers can smoothly drive though the parking lot without stopping to pull out a parking slip.” He was also impressed when he saw Koreans efficiently transfer between the subway and bus
ViewpointsJuly 12, 2016
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[Kim Jong-deok] Arts and cultural exchange between Asia, Europe
As minister of culture, sports and tourism of the Republic of Korea, I am pleased to send heartfelt congratulations on the 20th Anniversary of the Asia-Europe Meeting, a central forum for cooperation between the two regions. Cooperation requires unceasing efforts for mutual understanding, and for this reason, I am grateful to ASEM and the Asia-Europe Foundation for taking the principal initiative in promoting such efforts.Underlying the recent tragic terror attacks in Paris and all other conflic
ViewpointsJuly 12, 2016
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[Mohamed A. El-Erian] Advanced economies need to learn
Since the onset of the global financial crisis, I have pointed out that advanced economies should learn policy lessons from the experience of the developing world. This argument has been reinforced by two developments last week: the destabilization of the pound after the Brexit vote in the U.K., and indications that the U.S. now has less influence over the yield curve for its government bonds.For decades, three key beliefs structured our understanding of the economic and financial underpinnings
ViewpointsJuly 12, 2016
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[Photo News] Kia Motors rolls out K5 special trims Signature
Kia Motors unveiled its new K5 special trims Signature alongside plug-in hybrid electric vehicle K5 PHEV in Seoul on Tuesday. The cost of the luxury version Signature, which comes with two models 2.0 gasoline and 1.7 diesel, starts from 22 million won ($19,100). (Kia Motors)
MobilityJuly 12, 2016
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Hyundai Investment Securities projects 26.6% decline in Hyundai Wia’s Q2 earnings
[THE INVESTOR] HMC Investment Securities has forecast that machinery maker Hyundai Wia will suffer a 26.6 percent decrease in its second quarter operating profit at 97.4 billion won (US$ 84.59 million). Sales are also expected to decline, by 1.1 percent to 1.98 trillion won, the brokerage said. Both figures are below market estimates.However, Hyundai Investment said that sales would recover in the latter half of the year. The brokerage lowered its target price on Hyundai Wia shares to 130,000 wo
July 12, 2016
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[Lee Jae-min] International law and sea dispute
When I mention my profession, the first question people usually ask is how international law is enforced. As a matter of fact, international law has a relatively weak enforcement mechanism. While some of the newer norms are equipped with stronger mechanisms of enforcement, such as trade or investment), there are other norms that are characterized by the lack or absence of enforcement mechanism. One thing people usually miss here, however, is that states abide by judgments of international courts
ViewpointsJuly 12, 2016
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[DECODED] China, double-edged sword for AmorePacific
Last Friday, when South Korea and the U.S. announced plans to deploy here an advanced U.S. missile defense system, shares of South Korea’s leading cosmetics maker AmorePacific tumbled. The stocks fell more than 4 percent, losing more than 1 trillion won in value just one day, as investors feared China, which had long been strongly opposing the system’s deployment in the Korean Peninsula, might pursue economic retaliation against South Korea. Cosmetics shops inside the main Shinsegae Department S
IndustryJuly 12, 2016
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Seoul on alert for possible economic reprisal from China over THAAD
[THE INVESTOR] South Korean presidential office is closely monitoring trade with China for possible economic reprisal from China over the deployment of Terminal High Altitude Area Defense system. Speaking to reporters at the presidential office, chief presidential economic advisor Kang Seok-hoon, said that the government is “closely monitoring the situation” in response to questions regarding possible economic retaliation from China. Since Seoul and Washington announced the decision to deploy TH
July 12, 2016
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Global chipmakers to gather at Seoul summit in Oct.
[THE INVESTOR] The Korea Semiconductor Industry Association said on July 11 that many global chipmakers, including from China and Europe, have confirmed their participation in its annual exhibition SEDEX in Seoul in October. Some 200 companies will attend SEDEX 2016, to be held at COEX from Oct. 26-38, by setting up more than 500 exhibition booths.The list of participants this year include SMIC, Huahong Grace and JCET from China and Infineon and ST Micro from Europe. SMIC and Huahong Grace are a
TechnologyJuly 12, 2016