Most Popular
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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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[Hello India] Hyundai Motor inches closer to IPO in India
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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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Panel decision put prosecution in dilemma over Dior bag case
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'Gyeongseong Creature Season 2': faster and ready to confront past
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2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
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Global drama stars gather for 2024 Seoul International Drama Awards
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Vietnamese fishermen kill Korean captain, engineer aboard fishing vessel
Two drunk Vietnamese crewmen aboard a deep-sea fishing vessel operating in the Indian Ocean killed a South Korean captain and a chief engineer on Monday, the Coast Guard said.The two suspects, whose identities were withheld, allegedly attacked the 43-year-old captain of the Kwang Hyun 803, surnamed Yang, and the 42-year-old engineer, surnamed Kang, at around 2 a.m. in waters near the Seychelles archipelago between the east coast of Africa and southern India, it said. The vessel in question (Yonh
Social AffairsJune 20, 2016
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LG to recall air purifier filters containing toxic chemicals
[THE INVESTOR] LG Electronics said Monday that it would launch a recall campaign for air purifier filters after some products were found to contain Octylisothiazolinone (OIT), a chemical substance toxic to humans. “A small amount of OIT was found in 3M’s filters for fine particles, which were fitted in LG’s air purifiers and air conditioners produced after 2012,” the company said. LG Electronics’ air purifiers.Right after the toxic filter issue surfaced recently, LG has requested air filter make
TechnologyJune 20, 2016
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Chinese operations expected to boost Hanmi Pharm
[THE INVESTOR] NH Investment and Securities maintained Hanmi Pharm’s target price at 1.1 million won (US$944) on June 20, saying that the pharma firm’s Chinese branch is expected to continue expanding. Hanmi Pharm opened at 660,000 won on the stock market June 20, up 10,000 won from June 17. According to NH Investment and Securities, Beijing Hanmi has recorded an average annual growth rate of 21.2 percent since 2006. Saying that Beijing Hanmi is expected to apply for clinical trials and licenses
June 20, 2016
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Bad loans may put insurance firms at risk
[THE INVESTOR] Korean insurance companies’ financial status and profitability may take a blow following the industry-wide restructuring of shipbuilding and shipping sectors as corporate debts extended by insurers are on the rise, according to a local think tank’s report. “The size of corporate liabilities extended by insurance companies is only one-twelfth of banks’ lending but credit risks that they are taking can be relatively bigger,” said Jeon Yong-sik, a researcher at Korea Insurance Resear
June 20, 2016
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DRAM prices stop falling: market data
The DRAM market shows signs of a turnaround, raising expectations for a recovery in South Korean producers' earnings, data showed Monday.Memory chips are among South Korea's main export items. The global price of DRAM chips suffered a fall for the 19th consecutive month since late 2014. Samsung Electronics' NAND flash memory chips (Yonhap)The spot price of the "DDR 512x8" chip, a flagship DRAM product, shifted to a rise from a decline as of June 6, according to Market tracker DRAMeXchange and in
IndustryJune 20, 2016
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Number of stamp collectors dips in digital era
In the 1960s and '70s, stamp collecting was arguably the most popular hobby among adolescents in South Korea. When new stamps went on sale, hundreds of students formed long queues in front of post offices in large cities from the early morning hours, prompting even police to send officers to maintain order. Scores of students got called on the carpet for being late.However, South Korea's oldest hobby related to information and communications has become "an endangered interest" as the advent of t
June 20, 2016
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Lotte affiliates purchased $192.7m worth of owner family’s shares
[THE INVESTOR] Lotte Group affiliates have frequently purchased stocks of unlisted companies owned by the group’s owner family, including the founder Shin Kyuk-ho and his three children, since 2001, data by an online corporate tracker showed on June 19. According to Chaebul.com, Lotte’s seven affiliates, including Hotel Lotte -- the de facto holding company of its Korea operations -- have spent a total of 224.6 billion won ($192.7 million) to purchase shares of private companies owned by the fou
IndustryJune 20, 2016
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Park pledges to step up efforts to 'innovate' gov't services
President Park Geun-hye on Monday pledged to step up efforts to "innovate" the way the government works to strengthen communication with citizens and better cater to their needs, stressing her drive for "people-centered" state management.At the opening ceremony of an exhibition showcasing efforts to enhance government services, Park also underscored that relentless innovation is a prerequisite for the nation to achieve a "new leap forward in an era of infinite competition."President Park Geun-hy
PoliticsJune 20, 2016
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[Consumer This Week] Philips, Innisfree, Piaget, Shinsegae, Paris Baguette, Season’s Table
Philips opens makeshift shop at Hyundai Department StorePhilips Korea is running a makeshift shop at Hyundai Department Store at Coex in southern Seoul until June 23, offering its home beauty devices including those for cleansing and hair removal. Visitors to the temporary shop can see and try out the brand’s flagship products including its facial massagers, automatic facial cleansing devices and laser hair-removal devices.The brand is offering discounts and promotions as well as free gifts for
IndustryJune 20, 2016
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Chinese airlines dominate airway between Jeju and China
Demands for air travel between South Korea's resort island of Jeju and Chinese cities have soared over the past years, but Korean airlines have had difficulty in increasing flights due to tough regulations imposed by the Chinese government, industry data showed Monday. Out of 350 flights scheduled weekly between Jeju and Chinese cities from March 27 to Oct. 29, flights by Chinese airlines account for 86.9 percent of the total, according to the Jeju branch of the Korea Airports Corporation. The r
IndustryJune 20, 2016
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Int'l gathering kicks off in Korea to discuss nonproliferation
An international gathering of nuclear experts and government officials kicked off in South Korea on Monday, providing related parties an opportunity to discuss how to better control the exports of materials and parts that can be used to develop nuclear weapons, the foreign ministry said.The Nuclear Suppliers Group meeting opened in Seoul earlier in the day, with about 300 participants from 48 member countries expected to be in attendance during its five-day run, according to the ministry. Its pl
DefenseJune 20, 2016
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Korea-US FTA boosts US car sales in Korea
[THE INVESTOR] US carmakers’ sales in Korea overtook that of Japan for the first time in 2015, industry data showed on June 20. The change is thought to have been brought on by the Korea-US free trade agreement implemented in 2012. Following the FTA, the tariff on US-built vehicles was initially cut from 8 percent to 4 percent. From this year, the tariff has been completely removed. Ford New kuga 2016.According to Korean and Japanese automobile importers’ associations, US marques’ Korean sales c
BusinessJune 20, 2016