Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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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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[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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[Around the hotels] Round up of hotel events and news
Bastille Day Gourmet Dinner at Millennium Seoul HiltonMillennium Seoul Hilton’s French restaurant Seasons will present a Bastille Day Gourmet Dinner on July 14, in celebration of the French National Day. The gala dinner will start with a welcome cocktail followed by a French-themed dinner paired with French wines. The menu features a mixed platter of Alaskan King crab, oysters on ice, scallops with crunchy vegetables and sturgeon caviar sauce, and wagyu beef Wellington. The gala dinner is priced
TravelJuly 8, 2016
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MBK Partners denies reports on hefty dividends from Homeplus
[THE INVESTOR] MBK Partners on July 8 denied that the nation's largest equity firm will receive hefty dividends from Homeplus, a cash-strapped supermarket chain that it acquired from Britain’s Tesco last year. Homeplus Holdings, the de facto holding company of Homeplus, has recently decided to pay an interim dividend of 30,612 won (US$26) per share on 700,000 preferred shares owned by its largest shareholder Korea Retail Investment. Following the decision, recent news reports said, MBK, which
IndustryJuly 8, 2016
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[ANALYST REPORT] LG Electronics: Shares at rock bottom, focus on business restructuring
2Q16 operating profit to meet consensus at W591bnMC division to narrow losses based on efficient operations ¨ Fundamentals to improve on ramp-up of EV parts business ¨ Retain BUY for a target price of W77,000LG Electronics is projected to have posted 2Q16 operating profit of W591bn (+17% QoQ, +142.3% YoY) on sales of W14.42tr (+7.9% QoQ, +3.5% YoY), meeting the consensus (W597bn). The figure is expected to have missed our previous projection (W626bn) with the G5 recording sluggish sales and LG I
July 8, 2016
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LG Display to benefit from Samsung Display’s shutdown of LCD lines
[THE INVESTOR] Seoul-based display maker LG Display will likely see its operating profit jump 26 percent to 419 billion won (US$361.6 million) in the July-September period this year thanks to a price increase of liquid-crystal display, according to an investment report.“The price of liquid-crystal displays will continue to be on an upward trend,” said Jeong Won-seok, an analyst from HI Investment & Securities, in his recent investment report, adding the operating income in the latter half would
TechnologyJuly 8, 2016
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Seoil Farm enchants with organic and slow-food style
If you look at food history and the culture of any country, the roots of their cuisine usually lie in local and naturally grown ingredients as well as seasonal and slow-food cooking methods. Whether you are in Italy or Mexico, or here in Korea, the backbone of traditional food rarely changes with time, keeping culinary history strong. At Seoil Farm, an organic working farm and education center in Anseong County, traditional methods of Korean cooking and preparation have been preserved in a bea
FoodJuly 8, 2016
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Korea’s electricity industry seeks export expansion
[THE INVESTOR] South Korea’s electricity industry aims to increase the amount of exports to US$ 15 billion by end of this year, the state-run corporation said on July 8. The Korea Electric Power Corporation held a conference in Seoul to announce its plans and strategies to expand its presence internationally. Over 200 industry officials from major companies such as POSCO, Korea Trade-Investment Promotion Agency and Korea Hydro and Nuclear Power Corporation attended the event. The electricity exp
IndustryJuly 8, 2016
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[ANALYST REPORT] NAVER: LINE share price hike to bolster NAVER‘s shares
LINE’s IPO is fast approaching. Noting the recent increase in LINE’s IPO price band to JPY2,900~3,300, it appears that the LINE book building process garnered a positive response.2Q16 results to confirm domestic portal growth Our predictions place NAVER’s consolidated 2Q16 sales at W992.5bn (up 27.1% y-y, up 5.9% q-q) and operating profit at W261.6bn (up 56.5% y-y, up 1.9% q-q), with operating profit likely meeting consensus of W266.4bn.NAVER’s 2Q16 domestic advertising sales (which rallied 21.2
July 8, 2016
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LG Electronics eyes high-end market in Latin America
[THE INVESTOR] LG Electronics is seeking expansion in Central and South American markets for high-end home appliances. The company said on July 8 that it opened a four-day event introducing its new lineup in Cancun, Mexico. The event, titled InnoFest, opened on July 6, the company said. LG Electronics, which has been holding InnoFest events across the globe since February, plans to introduce a diverse range of new products in the region this year. The company plans to lead with its new Twin Wash
TechnologyJuly 8, 2016
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Issuance of DLS hits record high in H1
[THE INVESTOR] South Korea’s issuance of derivatives-linked securities has soared to a record level during the first half of the year as the upward trend in oil and gold prices continues, data showed on July 8. A total of 14 trillion won (US$12 billion) worth of derivatives-tied securities has been sold during the January to June period, up 3.3 percent year-on-year, according to data compiled by the Korea Securities Depository.It is the highest half-year figure so far. “Strengthening internation
July 8, 2016
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Damon talks reprising Jason Bourne role at 45
After nine years, Hollywood mega star Matt Damon is reprising his hit blockbuster role as the infamous memory-loss-stricken CIA assassin Jason Bourne in the franchise series’ upcoming film. The upcoming “Jason Bourne” film marks the fourth installment of the popular Bourne series and is slated to hit local theaters on July 27. The movie comes nearly a decade after “The Bourne Ultimatum” and 14 years since the franchise’s first flick, “The Bourne Identity.” Matt Damon (right) and “Jason Bourne”
FilmJuly 8, 2016
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K-Travel Bus shows foreigners sights beyond Seoul
DAEGU -- Launched on March 25, the foreigner-exclusive K-Travel Bus was rolled out by the Visit Korea Committee with one major aim – to showcase that there is more to Korea than the glitzy urban sprawl of Seoul. The travel bus began as part of the 2016-2018 “Visit Korea Year,” with the goal of attracting more than 20 million international tourists to Korea annually. With a large majority of travelers to Korea choosing to solely remain in the confines of the capital city, the Visit Korea Committ
TravelJuly 8, 2016
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Korean cosmetics makers fear losses from THAAD deployment
[THE INVESTOR] South Korean retailers and cosmetics companies are closely watching China’s moves after Korea and the US decided to deploy an advance missile defense system in the country on July 8. Neighboring China lodged a swift protest against the decision announced in the morning which is expected to further heighten geopolitical risks. Local cosmetics makers and duty-free shops are on alert as they worry about losing Chinese market and consumers who account for a growing portion of their re
IndustryJuly 8, 2016