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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Operating-margin gap between Samsung, Apple likely to decline
[THE INVESTOR] The operating-margin gap between South Korean tech giant Samsung Electronics and California-based Apple is likely to reduce to a record low level in the April-June period. Samsung Electronics said in its earnings guidance for the three-month period that it posted 8.1 trillion won (US$7 billion) of operating income and 50 trillion won of revenue during the three months. Based on the estimated figures, the operating margin of the Korean firm will come in at 16.2 percent, the second
TechnologyJuly 8, 2016
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Incheon looking to host top Asian sports body headquarters
South Korean city Incheon is looking to host the headquarters of the top Asian sports governing body in a bid to raise the city's international profile, officials said Friday.The Incheon municipal government said it has recently submitted an offer to the Olympic Council of Asia that the city wants to house the OCA headquarters. The OCA is the apex sporting body which controls all sports in Asia. It is one of the five continental associations recognized by the International Olympic CommitteeThe h
More SportsJuly 8, 2016
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Business hotels flourishing in downtown Seoul
[THE INVESTOR] Mid-priced hotels are on the rise in downtown Seoul, especially in Dongdaemun area and Myeong-dong, to meet the demand of rising foreign tourists opting for budget options, industry officials said. Accor-Ambassador Korea recently opened Ibis Ambassador Dongdaemun in the popular shopping district, offering 242 rooms. This is the second hotel in the area by the Korean unit of the French hotel, after Ibis Budget Ambassador Seoul Dongdaemun. Lotte City Hotel Myeongdong located in the
IndustryJuly 8, 2016
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Consumption pickup offsets steady slump in export, output: gov't report
The South Korean economy continues to be on a downward slope due to a slump in exports and industrial production despite an apparent uptick in private consumption, a government report showed Friday."Consumption is showing some signs of recovery, but the production side has remained in the doldrums, with a slowdown in employment," the finance ministry said in its monthly economy assessment report called the "Green Book."The report is based on the latest economic indicators of such key factors as
July 8, 2016
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Korean shares down 0.61% in late morning trade
South Korean shares were down 0.61 percent late Friday morning on sell-offs by foreign and institutional investors.The benchmark Korea Composite Stock Price Index lost 11.97 points to 1,962.11 as of 11:20 a.m.The index got off on an upbeat note, but pared earlier gains after foreigners and institutions turned to selling on profit-taking.Most large caps were in negative terrain, while top cap Samsung Electronics remained one of the few gainers, advancing 0.90 percent.Leading automaker Hyundai Mot
July 8, 2016
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Investors park more money in safe places amid uncertainty
Investors in South Korea are increasingly parking their money in safe places and managing them on a short-term basis amid increased uncertainties, data showed on Friday.The outstanding value of short-term financial products such as demand deposits and time deposits with a maturity of less than six months amounted to 876.2 trillion won ($757 billion) as of end-May, up 3.3 percent from 848.6 trillion won at end-December, according to the data compiled by the Bank of Korea. Such short-term deposits
July 8, 2016
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Korea, U.S., Japan to hold first meeting on development cooperation
South Korea, the United States and Japan will hold their first meeting on development issues on Friday, as the three nations seek to expand trilateral cooperation on the international stage, Seoul's foreign ministry said.The inaugural session will take place in Washington with delegations from each country's foreign ministries in attendance, the South Korean ministry said in a press release."The three countries, in the era of sustainable development, plan to share their policies and experiences
InternationalJuly 8, 2016
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Hyundai Motor says no decision yet over GE stake in Hyundai Capital
South Korea's carmaking giant Hyundai Motor Group said Friday no decision has been made yet over whether it will buy a 20-percent stake in its auto finance unit, Hyundai Capital, from its U.S. partner, General Electric Co.GE acquired a 43.3-percent stake in Hyundai Capital from Hyundai Motor Group for 620 billion won ($535 million) in 2004.Last year, the U.S. company sold 20.1-percent and 3.2-percent stakes in Hyundai Capital to Kia Motors and Hyundai Motor -- the flagship units of Hyundai Motor
July 8, 2016
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Ruling, opposition lawmakers divided over U.S. sanction on NK head
Lawmakers of South Korea's ruling and opposition parties were split over the consequence of the U.S.' move to impose sanctions on North Korean leader Kim Jong-un over human rights abuses earlier this week, local political observers said Friday.On Wednesday, Washington imposed sanctions on 15 officials and eight agencies on charges of engaging in human rights abuses. It was the first time the U.S. has imposed direct sanctions on the North's leader and the designation also marked the first-ever U.
North KoreaJuly 8, 2016
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Samsung further narrows gap with Apple in operating profit margin
The gap in the operating profit margins of South Korean tech giant Samsung Electronics Co. and its U.S. rival Apple Inc. is estimated to have further narrowed to single-digit percentage points in the second quarter of this year, market data suggested Friday.Samsung Electronics estimated Thursday that its sales reached 50 trillion won ($43.2 billion), with 8.1 trillion won in operating profits, in the April-June period, posting 16.2 percent in operating profit margin.The ratio of operating profit
July 8, 2016
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Samsung unveils Galaxy S7 Edge Olympic edition
Samsung Electronics Co. unveiled its limited edition Galaxy S7 Edge smartphone on Friday designed to celebrate the upcoming Rio Olympic Games.The South Korean tech giant said it will begin the sale of the special version in South Korea, Brazil, China, the United States and some other selected nations on July 18.Samsung is a long-time sponsor of the quadrennial global sports gala.The revelation of the special edition phone marks the official launch of its "global Rio 2016 Olympic Games campaign."
TechnologyJuly 8, 2016
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Korea to manage foreign reserve in stable manner: finance minister
South Korea's finance minister on Friday pledged that the authorities will manage the country's foreign exchange reserve in a stable way to overcome the current exogenous headwinds stemming from the recent British vote to exit the European Union, or Brexit."To deal with rising financial uncertainties, we have to establish a firm safety valve," Finance Minister Yoo Il-ho said in a minister-level meeting in Seoul. "The economic authorities will work to manage foreign exchange reserves in a stable
July 8, 2016
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Budget hotels vying to grab share in downtown Seoul
A growing number of business hotels have opened up in downtown Seoul to meet rising demand for affordable accommodation options among foreign and budget-conscious travelers, industry officials said Friday. Many of the hotels have sprung up in Myeongdong, a downtown shopping area, and more are set to open later this year to fill a niche demand between five-star hotels and cheap guest houses. So far, about 2,000 rooms have been added to the area. Hotel Lotte, a unit under retail giant Lotte Group,
IndustryJuly 8, 2016
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Korea, U.S. reach decision to deploy THAAD defense system in Korea
South Korea and the United States have agreed to deploy a high-tech antiballistic-missile interception system in the Northeast Asian country to upgrade the allies' defense against North Korea's increasing nuclear and missile threats, the defense ministry said Friday.The decision came after five months of negotiations between Seoul and Washington over whether to deploy the Terminal High Altitude Area Defense system, an advanced air defense shield that makes up the U.S.' mainland missile defense s
DefenseJuly 8, 2016
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Sampyo mulls IPO to repay debt
[THE INVESTOR] Sampyo, South Korea’s No. 2 ready-mixed concrete manufacture, plans to get listed to recoup its investment on the acquisition of Tong Yang Cement last year, sources said on July 8. “We are considering an initial public offering to improve our financial health in the long term as economic conditions in the construction industry are projected to deteriorate,” an official at Sampyo said. SampyoAccording to investment bank officials, Sampyo sent out a request for proposals to brokera
July 8, 2016