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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Korean shares edge up on continued foreign buying
South Korean shares finished marginally higher on Tuesday, as foreigners continued to scoop up stocks amid an eased risk-off mood. The South Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 2.69 points, or 0.14 percent, to 1,991.23.Trading volume came to 427.4 million shares worth 4.4 trillion won ($3.8 billion), with gainers outnumbering losers 413 to 368.Foreigners net-purchased 192 billion won worth of shares, while individuals and institutional i
July 12, 2016
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[Federica Mogherini] A strategy to unite and safeguard Europe
The purpose — and even the survival — of the European Union is being questioned as never before. In fact, Europe’s citizens and the world need a strong EU now more than ever.Europe’s wider region has become less stable and more insecure in recent years. Moreover, the crises within and beyond the EU’s borders are directly affecting the lives of all European citizens.In challenging times such as these, a strong EU is one that thinks strategically, shares a vision, and acts together. In the wake of
ViewpointsJuly 12, 2016
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Korea to expand participation in EBRD projects
South Korea and the European Bank for Reconstruction and Development agreed on Tuesday to help the country's companies participate in more infrastructure construction projects in eastern Europe, the finance ministry here said.Finance Minister Yoo Il-ho had a meeting with EBRD President Suma Chakrabarti in Seoul to discuss ways to bolster economic cooperation between South Korea and the EBRD, according to the Ministry of Strategy and Finance.Yoo asked Chakrabarti to give South Korean companies mo
July 12, 2016
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Songdo bridges set to be renamed in October
The names of all bridges linked to South Korea's Songdo international town in Incheon, west of Seoul, will be renamed around October to improve user accessibility to the business town, the authority overseeing the town said Tuesday. The State Toponym Committee under the Korea Hydrographic and Oceanographic Administration will make a final decision on the new names of the five bridges during its meeting in October, the Incheon Free Economic Zone Authority said. The new names have been drawn up v
Social AffairsJuly 12, 2016
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Presidential office says it is carefully watching THAAD fallout
The presidential office Cheong Wa Dae said Tuesday that it is "closely watching" for negative economic fallout from the recent decision by Seoul and Washington to deploy an antimissile system here.The statement comes amid growing fears that China, which strongly opposes the stationing of the Terminal High-Altitude Area Defense system in South Korea, could take some retaliatory steps, including some form of economic sanctions."With regard to (China's possible) economic sanctions, we are closely w
Foreign AffairsJuly 12, 2016
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Earnings of Samsung Electro to miss expectations in Q2
[THE INVESTOR] Samsung Electro-Mechanics ’ earnings will likely miss market expectations due to temporary costs caused mainly by a series of business restructuring and layoffs in recent months, according to a market report on July 12. Hana Financial Investment said in its recent report that the electronic components company is expected to post 17.8 billion won ($15.50 million) in operating profit and 1.56 trillion won in sales in the second quarter, down from 42.9 billion won and 1.6 trillion wo
July 12, 2016
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SK Innovation’s creative ad grows popular online
SK Innovation’s new advertisement featuring a drawing show is going viral online for its creativity, the company’s officials said Tuesday.The energy solution unit of SK Group released the new advertisement on its official blog and Facebook page on July 1. The advertisement was made in a collaboration with Kim Jung-gi, an artist renowned for creating illustrations without prior sketching. Artist Kim Jung-gi finishes up a drawing on a massive canvas. SK InnovationIn the advertisement, Kim illustr
IndustryJuly 12, 2016
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Nexon’s entertainment expenses threefold that of rival NCsoft: Chaebul.com
[THE INVESTOR] Embattled game developer Nexon’s entertainment expenses from 2004 to 2015 were more than triple that of its main rival NCsoft, according to conglomerate tracker Chaebul.com on Tuesday. Between 2004 and 2015, financial documents from NXC -- the Jejudo Island-based holding company of Nexon Korea -- showed that the firm and its local subsidiaries spent 17.43 billion won ($15.13 million) on entertainement expenses. The figure compares dramatically with industry competition NCsoft, whi
IndustryJuly 12, 2016
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Samsung SDI likely to make loss in second half
Korea’s top battery maker Samsung SDI is likely to make a loss throughout the year due to continued loss from its car battery segment despite the strong sales of Samsung Electronics’ Galaxy S7, according to analysts Tuesday. According to market watchers, the latest quarterly earnings of Samsung SDI, which posted 700 billion won ($606 million) in operating loss in the first quarter, is expected to see another deficit of 30 billion won in the latest quarter. Also, the company may not turn around t
TechnologyJuly 12, 2016
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Korea collects W19tr more taxes
The South Korean government collected 19 trillion won ($16.6 billion) more taxes from January to May this year, compared to the same period a year ago, despite an economic slowdown, according to a monthly fiscal report by the Ministry of Strategy and Finance on Tuesday.The government’s tax revenue amounted to 112.7 trillion won in the five months, up 19 trillion won from a year earlier, with its tax collection rate reaching 50.6 percent.The report said that an increase in income tax filings by s
July 12, 2016
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SK, CJ HelloVision likely in split process
SK Telecom andCJ HelloVision appear to be taking separate paths already to minimize damage in case they are not able to overcome the antitrust agency’s opposition to their merger.CJ HelloVision, a leading cable TV service provider, has hired local law firm Yoon & Yang LLC as its new legal representative, according to sources Tuesday. The CJ subsidiary and SK Telecom have shared two other local law firms, Lee & Ko and Shin & Kim, as legal advisers so far. CJ leaving the two joint legal firms and
IndustryJuly 12, 2016
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Seoul to play host to Asia-Pacific int’l dance fest
For the first time in more than two decades, Seoul will be playing host to the upcoming World Dance Alliance Asia-Pacific International Dance Festival & Conference from July 21 to 24.The annual festival invites dance troupes from across the world to perform both traditional and contemporary pieces that highlight the Asia-Pacific dance culture and showcase them on stages all over the globe, including its recent runs in Australia, Malaysia and Singapore. This year’s four-day festivities, under th
PerformanceJuly 12, 2016
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Volkswagen Korea receives sales ban notice
[THE INVESTOR] Volkswagen Korea has received an official order from the Ministry of Environment to stop sales and cancel the registration of its vehicles that cheated on emission tests, the company said on July 12. “We received the notice,” Lee Soo-jin, a spokesperson of Audi Volkswagen Korea told The Investor. “But in order (for the ministry) to go ahead with revoking the registration, there will be a hearing session for us to explain. We will come up with an action plan after the hearing.”The
MobilityJuly 12, 2016