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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Seoul seeks to improve foreign nanny program after two abscond
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[Robert B. Reich] Trump: The rise of a huckster populist
The tectonic plates of American politics are no longer moving along the old fault lines of “left vs. right” or even Democrat vs. Republican.As we’ve seen this bizarre political year, the biggest force welling up is rage against insider elites in both parties and against the American establishment as a whole -- including the denizens of Wall Street, large corporations and the mainstream media.Now, with Bernie Sanders essentially out of the race, Donald Trump wants Americans to believe he’s the re
ViewpointsJuly 7, 2016
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Hyosung joins effort to help game start-ups’ China expansion
[THE INVESTOR] Hyosung Group, a South Korean industrial conglomerate, and North Jeolla Province have joined the efforts to help local game start-ups gain a foothold in China. Hyosung Group and four other organizations, including South Jeolla Provincial Office and HN Games, formed a business agreement on July 7 at the Jeonbuk Creative Economy and Innovation Center, the company said. Under the plan, Hyosung plans to invest 1 billion won (US$ 864,650). The company, in partnership with the organizat
TechnologyJuly 7, 2016
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Samsung forecasts best profits in two years on strong Galaxy S7 sales
Samsung Electronics expects to report its best quarterly results in more than two years in the second quarter of this year thanks to the sustained popularity of its flagship Galaxy S7 smartphones, the company said Thursday. The world’s largest smartphone maker by shipments estimated an operating income of 8.1 trillion won ($6.9 billion) for the latest quarter, a 17 percent increase from the 6.9 trillion won posted a year ago. Its revenue is also likely to increase 3 percent year-on-year to aroun
TechnologyJuly 7, 2016
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Components to drive up Samsung’s Q3 profits
[THE INVESTOR] Expectations are high on Samsung Electronics’ third quarter profits after the company released its second-quarter earnings guidance that beat analyst estimates on Thursday. According to its tentative earnings report, the Korean tech giant posted more than 8 trillion won ($7.6 billion) in operating profits and 50 trillion won in sales in the April-June period. Analysts say the company will continue the current momentum in coming months.Despite a modest growth in mobile business t
TechnologyJuly 7, 2016
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Shares spike over 1% on foreign buying, surprise over Samsung’s earnings
Korean stocks closed significantly higher Thursday, clearly rebounding from a dip on the previous day on an earnings surprise from tech giant Samsung Electronics. The local currency also advanced against the U.S. dollar.The benchmark Korea Composite Stock Price Index spiked 20.96 points, or 1.07 percent, to 1,974.08. Trade volume was moderate at 374.6 million shares, worth 3.87 trillion won ($3.35 billion). Gainers outnumbered losers 607 to 208. The sharp rise came one day after foreign investor
July 7, 2016
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Chaebol ‘owners’ control groups with 0.9% shares
The tycoons of Korea’s top 10 family-run conglomerates, or chaebol, control their empire with less than 1 percent of equity stake ownership, but are backed by a record-high level of intragroup shareholdings, the nation’s antitrust agency said Thursday. According to the Fair Trade Commission, “owners” of the country’s top 10 chaebol groups hold an average 0.9 percent of their group’s total shares as of April 1, unchanged from last year, but down from 2.9 percent in 1998. Their relatives currently
July 7, 2016
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KT to nurture 20 start-ups this year
[THE INVESTOR] KT, South Korea’s leading telecommunications company, will pour 2 billion won ($1.7 million) to foster 20 start-ups this year, the company said Thursday. In line with the investment plan, the company held the so-called “speed dating” pitching event, at its headquarters in Seoul on the same day. At the event, start-ups suggest their ideas to attract investment and KT executives choose candidates to receive marketing and financial support on the spot. Among the start-ups selected fo
IndustryJuly 7, 2016
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Summer thriller ‘Tunnel’ has much to say about humanity
Without any warning, the humdrum of the most ordinary lives can come crashing down -- literally. This is the premise behind the much anticipated upcoming summer film “Tunnel,” starring actors Ha Jung-woo, Bae Doona and Oh Dal-su.Directed by Kim Seong-hun, “Tunnel” chronicles one man’s seemingly unending fight for survival after a tunnel crashes down as he is returning home. Played by Ha, who recently gained international recognition from the film “The Handmaiden,” the main character Lee Jung-soo
FilmJuly 7, 2016
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KDB to invest in mainland Chinese stocks
[THE INVESTOR] The Korea Development Bank, a state-owned policy bank, said on July 7 that it has started investing in China’s onshore stock markets as a renminbi qualified foreign institutional investor. The KDB plans to put some 1 billion yuan of funds into securities and bonds listed on Shanghai and Shenzhen Stock Exchange as well as China’s interbank bond market. The Korea Development Bank“As a policy bank representing Korea, we will play a major role in the financial cooperation between the
July 7, 2016
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NPS selects 7 firms for venture fund
[THE INVESTOR] South Korea’s National Pension Service has named seven private equity firms to run 200 billion won ($172 million) of its funds, the pension giant said on Thursday. The NPS, which oversees $430 billion in assets, hired Aju IB Investment and KTB Network as general manager of the venture fund. Five others including Medici Investment, Seoul Investment Partners, Wonik Investment Partners, Innopolis Partners and G.N.Tech Venture Capital were named as preliminary mangers. “Through the ve
July 7, 2016
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Retired freighter transformed into rest spot for museum visitors
A retired cargo ship that operated between Mokpo and Jejudo Island for 35 years has become an architecture installation that serves as a summertime shelter in the courtyard of the National Museum of Modern and Contemporary Art, Korea. The installation “Temp’L” by Shinslab Architecture, led by architect duo Shin Hyung-chul and Claire Shin, is the winning design project of this year’s Young Architects Program. The Korean edition of the program, launched by the Museum of Modern Art in New York in 1
PerformanceJuly 7, 2016
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Huawei files new patent suit against Samsung in China
[THE INVESTOR] Chinese tech firm Huawei has filed a complaint at Chinese district courts against South Korean rival Samsung Electronics for breaching its patent for mobile icon and widget designs. The Chinese firm reportedly argued in its complaint filed at the courts in Shenzhen and Quanzhou on July 6 that Samsung used without permission Hauwei’s patent on how to display mobile application icons in a folder and widgets on the smartphone screen.Huawei demanded 80 million Chinese yuan (US$12 mill
TechnologyJuly 7, 2016
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Samsung Heavy workers stage 4-hour strike
[THE INVESTOR] Samsung Heavy Industries workers went on a partial strike on Thursday, to protest the company’s tough restructuring plan. It marked the first time that a troubled South Korean shipbuilder has faced a labor dispute.Earlier this week, the group of workers at the company’s shipyard in Geoje, South Gyeongsang Province, voted to launch the strike for four hours till 5 p.m.Some 5,400 members of the so-called “labor council,” joined the strike. Samsung Heavy, a unit of the country’s top
IndustryJuly 7, 2016
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Samsung, SK hynix to benefit from rise of DRAM prices in Q3
[THE INVESTOR] With prices hitting rock bottom, the global DRAM market has been in the doldrums over the past couple years. According to a market report on Thursday, however, the DRAM market will likely gain steam in the July-September period due to increasing demand in the mobile and server markets. “The downward trend in DRAM prices over the past two years has reversed in June,” said DRAMeXchange in a recent report. It also forecast that the price increase rate would be in the range of betwee
TechnologyJuly 7, 2016
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OLED equipment market for Apple to reach W15tr by 2020
[THE INVESETOR] With Apple’s planned adoption of organic light-emitting diode display for its iPhone next year, the related equipment market is estimated to reach US$13 billion by 2020, a local research firm said July 7. According to UBI Research, orders from Apple alone could make up about 47 percent of the global equipment market for sixth-generation flexible OLED, worth US$28.4 billion for the next five years. Apple’s iPhone 6SThe sixth-generation flexible OLED is increasingly adopted for sma
TechnologyJuly 7, 2016