Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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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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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Exclusive] Democratic Party of Korea forms US election task force
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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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[EQUITIES] Yuanta Securities forecasts Kolon Industries’ earnings to double in 2016
[THE INVESTOR] Yuanta Securities forecast that industrial materials maker Kolon Industries’ earnings would double this year on eased legal woes. The brokerage said this year’s operating profit would reach 336 billion won (US$ 291.81 million), up from the 168.8 billion posted in 2014. “Kolon Industries had seen its corporate value deteriorate from 2012 to 2015 due to a lengthy legal battle with US-based Dupon, but the situation is now over,” the report said. Kolon settled the case in May 2015. Ko
July 12, 2016
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[EQUITIES] HI Investment & Securities forecasts 17.1% rise in Hyundai Glovis’ Q2 earnings
[THE INVESTOR] HI Investment & Securities forecast on July 12 that Hyundai Glovis will post a 17.1 percent on-year increase in its second-quarter operating profit to reach 185.8 billion won (US$ 161.36 million). “Most divisions, with the exception of the pure car carrier business, are expected to achieve external growth, especially on the back of stabilizing raw material prices,” the brokerage said in a report. It added that Hyundai Glovis shares are undervalued considering its 10.3 price-earnin
July 12, 2016
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Samsung widens gap with rivals on NAND flash memory
[THE INVESTOR] Tech giant Samsung Electronics saw its NAND flash memory sales hit an all-time high in the January-March period, according to a market report.The Korean company earned US$2.62 billion in revenue in the first quarter, up 3.1 percent from the fourth quarter last year, according to a recent report released by IHS, a market research firm. Samsung Electronics’ 3-D NAND flash memory chip. Samsung ElectronicsIts market share in the global NAND flash memory sector came in at 42.6 percent
TechnologyJuly 12, 2016
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[EQUITIES] Shinhan Investment forecasts 8.9% decline in Hotel Shilla’s Q2 earnings
[THE INVESTOR] Shinhan Investment on July 12 slashed its target price on Hotel Shilla shares to 85,000 won (US$73.80) from 90,000 won on its declining operating profit.Hotel Shilla’s second quarter operating profit is expected to fall 8.9 percent on-year to 26.80 billion won, the brokerage said. Shinhan’s projections are below the current market consensus of 3.32 billion won. “The company’s downtown duty-free shop is expected to post a 25.5 percent increase in sales, but its airport outlet is se
July 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 (US$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 S
July 12, 2016
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Korea, Switzerland to discuss science cooperation
South Korea said Tuesday it will hold talks with Switzerland in Seoul this week on promoting bilateral cooperation in three main fields - basic science, industrial technology and life science.The fourth meeting of a related joint committee, slated for Wednesday, coincides with a Seoul trip by Swiss President Johann Schneider-Ammann for a summit with President Park Geun-hye.The two nations signed an accord on science and technology partnerships in 2008 and launched the committee a year later.Pho
TechnologyJuly 12, 2016
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Lotte Homeshopping chief summoned over illegal lobbying
The chief of Lotte Homeshopping, the TV channel of retail giant Lotte, was summoned by prosecutors Tuesday to face questioning over irregularities the company committed to renew its business license last year.Kang Hyeon-gu appeared before the Seoul Central District Prosecutors' Office as a suspect on charges of violating the Broadcasting Act, becoming the first chief of Lotte affiliates to be openly summoned after prosecutors launched a full-fledged investigation into the country's fifth-largest
IndustryJuly 12, 2016
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Survey finds unwed people opposed to traditional notions about marriage
Majority of yet-to-marry men and women are against virtually all traditionally accepted notions about marriage, from financial arrangements to having children and divorcing, according to a survey released on Tuesday.Seventy-nine percent of the men and 72.3 percent of the women disagreed with the conventional idea that men finance the housing and the women all the things that go in it. The survey found 60.4 percent of the men and 74.3 percent of the women believe it's better to get divorced if th
Social AffairsJuly 12, 2016
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Samsung Heavy's self-rescue scheme to be finalized this week
The state-run Korea Development Bank will finalize a self-rescue plan proposed by Samsung Heavy Industries Co., a major South Korean shipyard, this week, which includes a capital increase and workforce layoffs, industry sources said Tuesday.According to the sources, the policy lender, the main creditor for the shipbuilder, will decide whether to approve the proposed self-restructuring plan, after reviewing it along with a consulting firm.Earlier, Samsung Heavy proposed a 1.45 trillion won self-r
IndustryJuly 12, 2016
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Korea's inbound tourism market rebounds in H1
South Korea's inbound travel market rebounded in the first half from a temporary slump a year ago in the wake of the Middle East Respiratory Syndrome outbreak, the state-run tourism agency said Tuesday. About 8.1 million foreigners visited South Korea in the January-June period, surging 21 percent from a year earlier, the Korea Tourism Organization said.The tourism sector was hit hard last year by MERS since the first case was discovered in May 2015, with the number of inbound travelers retreati
IndustryJuly 12, 2016
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N.K. hit by int'l sanctions closes over 30 restaurants abroad: source
North Korea is believed to have closed more than 30 restaurants in foreign countries due to toughened international sanctions, a source familiar with the matter said Tuesday.The North's move indicates that the regime faces difficulties in earning dollars as the U.N. Security Council's sanctions on Pyongyang are aimed at curbing the source of hard currency suspected of bankrolling the North's nuclear and missile programs.The source said that since the imposition of the sanctions in March, the Nor
North KoreaJuly 12, 2016
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More mothers, especially public workers, using childcare leave
Some 75 percent of female public workers and public schoolteachers used childcare leave after having their first child, but less than half of their counterparts working at private companies did so, a study said Tuesday. The gap was even wider between female workers hired in permanent positions (46.9 percent) and those working on temporary basis (1.9 percent), according to the study by the Korea institute for Health and Social Affairs.The institute surveyed 788 women aged 15 to 49 who had their f
Social AffairsJuly 12, 2016