Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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[Herald Interview] Portraying a version of god for young people in 'Hadestown'
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Korea's int'l air passenger traffic grows 4.4% in May
Korea's air passenger traffic continued to rise at a steady pace in May on strong increases in both international and domestic passengers, government data showed Tuesday.International passengers to and from the country climbed 4.4 percent on-year to 5.68 million, according to the Ministry of Land, Infrastructure and Transport.Domestic air passenger traffic gained 5.3 percent from the same month last year to 2.73 million. The increase in international passengers was partly attributed to a rise in
Social AffairsJune 28, 2016
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Korea's consumer sentiment remains unchanged in June
Korea's consumer sentiment did not budge either way in June after dipping to a three-month low in the month before on growing uncertainties in the global economy, central bank data showed Tuesday.The composite consumer sentiment index came to 99 for June, unchanged from the previous month, according to data from the Bank of Korea. (Yonhap)A reading above 100 means optimists outnumber pessimists, while a reading below the benchmark means the opposite. Consumer sentiments have remained sluggish si
June 28, 2016
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Corporate direct financing drops in May
(Yonhap)Sales of corporate bonds and stocks in Korea fell 29.3 percent last month from a month earlier due largely to a cut in corporate bond issuance, government data showed Tuesday. In May, Korean companies raised 10.26 trillion won ($8.7 billion) by selling bonds and stocks, compared with 14.52 trillion won the previous month, according to the data compiled by the Financial Supervisory Service. "As major industries (shipping and shipbuilding companies) have come under restructuring, the inves
June 28, 2016
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[ANALYST REPORT] Amid age of uncertainty, value of government bonds to rise
With the UK voting to leave the EU, uncertainties are predicted to extend for the time being. As such, we believe that the global monetary easing trend will strengthen. Under the worst-case scenario, the Fed may even consider cutting the FF rate. Considering that the possibility of an additional domestic rate cut has heightened further, we suggest expanding duration of KTBs upon yield rises.▶Global bond market outlookDeveloped markets: As the UK has voted to leave the EU, we believe that it will
June 28, 2016
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Coway seen on stable growth track: analyst
[THE INVESTOR] Samsung Securities maintained its buy rating and price target of 135,000 won (US$114.31) for Coway, a Korean water purifier maker, recommending the stock as an investment alternative with stable returns amid growing uncertainty in the market. “Coway has been enjoying stable growth based on its overwhelming market dominance and unique business model,” said Park Eun-kyung, an analyst at Samsung Securities. She expects Coway’s second-quarter sales to rise 15 percent on-year to 637.8
June 28, 2016
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Ex-Olympic short track champ killed in motorcycle crash
Former Olympic short track speed skating champion Oh Se-jong has been killed in a motorcycle crash in Seoul, the sport's officials said.According to the Korea Skating Union, Oh died after slamming his motorcycle into a vehicle making a U-turn Monday night. He was 33 years old.Oh won the gold medal in the men's 5,000m relay at the 2006 Turin Winter Games, before retiring later that year. In 2003, Oh grabbed the 5,000m relay world title in Warsaw. (Yonhap)
SportsJune 28, 2016
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Obama nominates new deputy USFK commander
U.S. President Barack Obama has nominated a new deputy commander of U.S. Forces Korea, Defense Secretary Ash Carter said. Air Force Maj. Gen. Thomas W. Bergeson, director of the Air Force secretary's legislative liaison. (Yonhap)Air Force Maj. Gen. Thomas W. Bergeson, director of the Air Force secretary's legislative liaison, has been promoted to the rank of lieutenant general and nominated to be deputy USFK commander, Carter said in a statement.If confirmed, Bergeson will succeed Lt. Gen. Terre
Diplomatic CircuitJune 28, 2016
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U.S. confirms N. Korea's Musudan missile reaches space
North Korea's Musudan intermediate-range ballistic missile reached space and then re-entered Earth's atmosphere in its sixth test attempt last week, a U.S. defense official confirmed Monday, saying the launch would be a success if Pyongyang had designed the test that way."We saw the missile launch. We saw it go up into space and come back down 250 miles away in the Sea of Japan. If that was their intent, then it was a success. But you'd have to ask them," Pentagon spokesman Capt. Jeff Davis told
North KoreaJune 28, 2016
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Prosecution takes Ex-DSME chief into custody
[THE INVESTOR] Former Daewoo Shipbuilding and Marine Engineering CEO Nam Sang-tae was taken into custody in the early hours of June 28.The prosecution is said to have gained evidence of additional wrongdoing on part of Nam during questioning on June 27.Former Daewoo Shipbuilding & Marine Engineering CEO Nam Sang-tae. Park Hyun-koo/The InvestorBefore he was taken into custody, Nam had been summoned for questioning over allegations of corruption.“In light of the circumstances and suspected crimina
IndustryJune 28, 2016