Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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Seoul seeks to improve foreign nanny program after two abscond
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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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An increasing number of K-pop idols are breaking free from big agencies. Why?
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KFA Chair denies unfair hiring of national coach
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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College is expensive? In S. Korea, English preschools cost much more
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[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
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[Newsmaker] Lawyer elected as Rome's first female mayor
ROME (AFP) -- After 2 1/2 millennia of being ruled by men, Rome will wake up Monday under new management.Virginia Raggi was elected Sunday as the Italian capital’s first female mayor, sweeping into city hall on the ticket of the populist Five Star movement with the backing of two thirds of voters. Virginia Raggi (EPA-Yonhap)A Roman born and bred, the 37-year-old lawyer is a political novice, but the campaign saw her grow increasingly assured in her public performances as it became clear she was
World NewsJune 20, 2016
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KFS strives for greener Korea with urban forests
KFS Director Lee Yong-seok briefs President Park Geun-hye about urban forest policies during the 2016 Government 3.0 Fair at Coex, southern Seoul, Monday. (Cheong Wa Dae)The Park Geun-hye administration opened the 2016 Government 3.0 Fair for a three-day run at Coex in southern Seoul on Monday, as part of efforts to enhance communication between government agencies and the public.With the slogan “Government at Your Fingertips,” the fair is displaying 100 booths in seven different categories, exh
June 20, 2016
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Samsung SDI, LG Chem batteries excluded for EV subsidies in China
[THE INVESTOR] The Chinese government has decided to suspend consumer subsidies for electric vehicles using batteries produced by two Korean companies Samsung SDI and LG Chem. The decision is expected to become a huge blow to the Korean duo that has poured considerable resources into the Chinese market in recent years, including building new battery-making plants. According to news reports on June 20, the Chinese government announced a total of 31 companies subject to EV subsidies but Samsung
TechnologyJune 20, 2016
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Loss of Hanjin, Hyundai shipping firms will cause US$19 billion damages
[THE INVESTOR] Hanjin Shipping and Hyundai Merchant Marine disappearing from the market will result in loss of 5,400 jobs and damages of US$19.13 billion on the Korean economy, the Korea Shipowners’ Association projected on June 20. According to the association’s calculations, the two shipping firms being pushed out of the market will also prompt major global shipping companies to take their operations out of Korea’s Busan Port. Busan is currently ranked the world’s fifth largest port in terms o
June 20, 2016
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[HERALD INTERVIEW] Generous state investment buoys Norwegian literature
When Norwegian author Jostein Gaarder set out to work on what would become the international classic “Sophie’s World” in the early 1990s, he had no other option but to write it quickly. As a well-versed but cash-strapped teacher, time was not on his side. In a matter of weeks, Gaarder authored the philosophical tome, making thrifty use of a government scholarship for writers. “Sophie’s World” -- a surreal fantasy about a teenage girl in Norway who is tutored on philosophical thinking and the his
Foreign AffairsJune 20, 2016
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Samsung SDS small shareholders demand action
[THE INVESTOR] Samsung SDS’ small shareholders are demanding Samsung Group to take measures to boost the company’s stock prices. On June 20, an online association of Samsung SDS shareholders posted a letter addressed to Samsung Future Strategy Office chief and Samsung Electronics vice chairman Choi Ji-sung.In the letter, the shareholders criticized the company’s plans to separate its logistics business, and called on him to show the company’s plans for buoying stock prices. Samsung SDS closed at
June 20, 2016
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[ANALYST REPORT] Hanmi Pharm: Beijing Hanmi’s R&D potential
Chinese government regulation to impact Chinese pharma market Over Jun 16~17, Hanmi Pharm’s Chinese subsidiary—Beijing Hanmi—invited analysts to a site visit for the first time in seven years. According to IMS data, the Chinese pharma market was worth RMB1.1tn in 2015 (grew at a 2011~2015 CAGR of 16.0%), and the market (according to IMS estimates) will grow at a 2016~2020 CAGR of 6.9%. Growth factors for the Chinese pharma market: expanding health insurance coverage; growing private healthcare e
June 20, 2016
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[Graphic News] Coal consumption rises 11% 2010-2015
Korea’s coal consumption rose 11 percent over the five years from 2010 to 2015, in contrast to the U.S. and U.K., which have reduced use of the fuel by nearly 25 percent, a recent study shows. China saw a 10.2 percent increase in the cited period, while India logged a 39 percent jump, according to the BP Statistical Review of World Energy. In 2010, Korea consumed 75.9 million tons of coal, which peaked at 84.6 million in 2014, falling slightly to 84.5 million in 2015. That accounted for 2.2 perc
June 20, 2016
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Rothwell International IPO oversubscribed
[THE INVESTOR] Chinese auto parts manufacturer Rothwell International, which took orders from retail investors for its initial public offering on Korea’s tech-heavy KOSDAQ next week, was 328 times oversubscribed with deposits totaling 3.15 trillion won (US$2.71 billion won), the company said on June 20. “As a listed Chinese firm, we will take the lead in resolving China discount and creating premium,” said Zhou Xiangdong, the company’s chief executive. Rothwell International started taking subsc
June 20, 2016
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[ANALYST REPORT] Hana Financial Group: Foreigners are buying for good reasons
BUY and 6M TP of W33,000 maintained- The target price is derived by applying the target P/B of 0.4x to the 2016E BPS of W77,857.- Over the last three months, Hana Financial Group’s foreign ownership gained nearly 0.9%p. This compares with most of its peer banks (other than Woori Bank), which saw their foreign ownership decline considerably.-There are two reasons why foreign investors are buying Hana Financial Group. First, its exposure to large company loans is forecast to decrease a whopping 7.
June 20, 2016