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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College is expensive? In S. Korea, English preschools cost much more
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[Hello India] Hyundai Motor inches closer to IPO in India
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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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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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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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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Samsung shows growing appetite for start-up M&As
[THE INVESTOR] Samsung Electronics has been actively seeking merger and acquisition deals of start-ups in the past couple of years.The list of its takeovers showed that the world’s largest electronics manufacturer has been focused on making a move into the software and cloud sectors and beefing up its presence in the business-to-business segment. Since 2014, the Korean tech giant acquired nine companies, including video app services developer firm SELBY in May 2014, SmartThings in Aug. 2014, pri
IndustryJune 17, 2016
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Chinese-born shooter eyes Olympic glory for Korea
As a teenager growing up in China with an interest in sport shooting, Jang Geum-young likely didn't imagine herself representing South Korea at the Olympics.Yet it's exactly what she'll do in August in Rio de Janeiro, where Jang, now 36 with Korean citizenship, will make her Olympic debut in the women's 50m rifle three positions."I will try my best to win the gold medal," Jang told Yonhap News Agency Thursday at Jincheon National Training Center in Jincheon, North Chungcheong Province, about 90
Olympic GamesJune 17, 2016
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U.N. office intensifying probe into N.K. human rights violation
The U.N. office on North Korea's human rights is intensifying its investigation into Pyongyang's dismal rights record ahead of the first anniversary of its establishment, government officials said Friday.The United Nations opened its field office on June 23 last year in Seoul in a bid to monitor North Korea's human rights violations, recommended by the U.N. Commission of Inquiry's landmark report on the North's rights record.Signe Poulsen, representative of the office, and her colleagues, have b
North KoreaJune 17, 2016
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Naver, Kakao to gain ground in Q2 earnings: report
Naver Corp., South Korea's top Internet portal operator, and Kakao Corp., the operator of the country's top mobile messenger KakaoTalk, are forecast to see their earnings improve in the second quarter of the year, a report showed Friday.The operating profit of Naver is likely to soar by 58.7 percent on-year to reach 265.2 billion won ($226.8 million) in the April-June period, according to the report by online financial information provider Fn Guide.Sales are also forecast to gain 25.4 percent on
IndustryJune 17, 2016
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[Box Office] Latest movie releases
Proof of Innocence(Korea)Opened June 16Crime, Drama. Directed by Kwon Jong-kwanOnce a model cop, Pil-jae (Kim Myung-min) now brokers cases to lawyers. One day, he and his lawyer partner (Sung Dong-il) receive a mysterious letter from a criminal on death row claiming his innocence. Teenage Mutant Ninja Turtles: Out of the Shadows(U.S.)Opened June 16Action, Fantasy. Directed by David GreenThe Teenage Mutant Ninja Turtles are living in secret, when a villain, Shredder, joins forces with mad scienti
FilmJune 17, 2016
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Korea Development Bank may face parliamentary hearing
[THE INVESTOR] The Korea Development Bank is facing increasing heat over its part in the Daewoo Shipbuilding and Marine Engineering crisis. Following the damning reports from the Board of Audit and Inspection, the KDB has come under fire for allowing the shipbuilder to reach critical conditions unchecked. As more of its malpractice comes to light, the possibility of a parliamentary hearing on the state-run policy bank has surfaced. On June 17, Rep. Kim Jong-in, the interim leader of the main opp
June 17, 2016
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Finance minister vows to map out aggressive fiscal policy
South Korea's finance minister said Friday that he will come up with aggressive fiscal measures for the second half in order to get over rising downside pressures at home and abroad, giving hints that the government is considering drawing up an extra budget."The government will seek economy-boosting measures along with aggressive fiscal intervention," Finance Minister Yoo Il-ho said in a breakfast meeting with the heads of state-run and private think tanks in Seoul. Finance Minister Yoo Il-ho (Y
June 17, 2016
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Seoul stocks open higher on Wall Street gains
South Korean shares opened higher Friday, tracking overnight gains in Wall Street after Britain suspended a campaign on the European Union membership following a lawmaker's death. The benchmark Korea Composite Stock Price Index advanced 16.38 points, or 0.84 percent, to 1,968.37 in the first 15 minutes of trading. Most large caps traded bullish. Market kingpin Samsung Electronics gained 0.99 percent, and top automaker Hyundai Motor increased 1.12 percent. Korea Electric Power Corp., the state-ru
June 17, 2016
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Time for corporate Korea to consider more English use
Consider a hypothetical situation for LG Electronics Co. in which the South Korean tech company's bold move to embrace English as an in-house language were successful about a decade ago.Armed with its employees' global mindset and fresh corporate culture, LG overpowers Samsung Electronics Co. both at home and abroad and becomes a formidable archrival of Apple Inc. in the smartphone world.In reality, however, the "Global LG" dream evaporated in 2010 with the disgraceful resignation of then-Vice C
IndustryJune 17, 2016
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GE plans to sell shares in Hyundai Card to several PEFs
[THE INVESTOR] GE Capital, financial services unit of the US conglomerate General Electric, is in final-stage talks to sell its stake in Korea’s Hyundai Card and Hyundai Capital, to unwind a decade-old joint venture relationship that it formed with Hyundai Motor. As a part of GE’s move to shift away from consumer finance globally, GE Capital plans to sell its 43 percent stake worth 760 billion won (US$ 650 million) in the credit card business to several private equity funds by splitting the stak
June 17, 2016
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Seoul shares open higher on Wall Street gains
[THE INVESTOR] South Korean stocks opened higher on June 17, tracking overnight gains on Wall Street after Britain postponed its referendum campaign on its European Union membership in the aftermath of a lawmaker’s death. The benchmark Korea Composite Stock Price Index advanced 16.38 points, or 0.84 percent, to 1,968.37 in the first 15 minutes of trading. Most large caps traded bullish. Market top cap Samsung Electronics gained 0.99 percent, and top automaker Hyundai Motor increased 1.12 percent
June 17, 2016
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Grammys embrace streaming-only records
LOS ANGELES (AFP) -- Streaming-only tracks from services such as Apple Music and Spotify will be considered for next year’s Grammy Awards for the first time, organizers announced on Thursday.The Recording Academy said it had tweaked its definition of “general distribution” to include “paid subscription, full catalogue, on-demand streaming/limited download platforms” that are at least a year old.The change means the Chicago hip-hop star Chance the Rapper -- who made music-business history in May
PerformanceJune 17, 2016
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[Around the hotels] Round up of hotel events and news
Exotic summer vacation at Imperial Palace Seoul HotelImperial Palace Seoul Hotel presents Midsummer Night Package from July 16 to Aug. 31, presenting a perfect summer vacation at the exotic outdoor swimming pool.The package includes one night’s stay at Deluxe or Business room, access to night outdoor pool or voucher for two for happy hour at Lobby Lounge, and two movie tickets. Molton Brown travel kits and Instyle magazines will be given to the guests.Free access to the fitness studio and indoor
TravelJune 17, 2016
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LG Display starts W1tr investment to beef up OLED production
[THE INVESTOR] LG Display has started executing its 1 trillion won (US$850 million) investment into the Korean plants to beef up production of organic light-emitting diode panels both for TVs and smartphones. The display-making unit of LG Group is also ordering new equipment from local suppliers, the Electronic Times reported on June 17. According to the report, the company is replacing production line for liquid-crystal displays at its P8 plant in Paju, Gyeonggi Province, with those for larger
TechnologyJune 17, 2016
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[Album Review] Band of Horses takes it easy on ‘Why Are You OK’
Band of Horses “Why Are You OK” (Interscope Records) Band of Horses takes it easy on “Why Are You OK,” wordy songs rooted in domestic situations that pleasantly glide but rarely soar. Producer Jason Lytle from Grandaddy gives Ben Bridwell’s tunes a trebly treatment, adding sonic minutiae without causing clutter, sometimes resembling carefully arranged, faux low-fi. Bridwell spent the years since 2012’s “Mirage Rock” helping to raise four daughters and there are plenty of lyrical references to li
PerformanceJune 17, 2016
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Hyundai Motor, HHI unions warn of ‘all-out July strike’
[THE INVESTOR] Concerns are growing about widespread strikes in July as major labor unions are forming alliances to take industrial action. On June 16, the unions of Hyundai Motor and Hyundai Heavy Industries said that they would work together for an “all out strike” in July. The unions of both Hyundai affiliates warned of a strike should this year’s wage negotiations spill over into July. “Walkouts will be conducted alongside the negotiations this year, together with the 150,000 members of the
June 17, 2016
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Korean badminton duo eyeing gold, rebirth in Rio
At the Rio de Janeiro Summer Games, the world No. 1-ranked men's badminton tandem of Lee Yong-dae and Yoo Yeon-seong are considered the biggest medal hope for South Korea. But they are not the only pair that the country is counting on for a medal.Ko Sung-hyun and Kim Ha-na are ranked No. 2 in the mixed doubles. They have been gearing up for the Rio Games well, winning five tournaments last year and also triumphing at the German Open in March and the Singapore Open in April. The two finished runn
Olympic GamesJune 17, 2016
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House committee passes legislation calling for N.K.'s designation as terror sponsor
A U.S. House committee on Thursday passed a bill calling for relisting North Korea as a state sponsor of terrorism.The legislation (H.R.5208), which was introduced by Rep. Ted Poe (R-TX) last month, passed through the House Foreign Affairs Committee. It calls for putting the North back on the State Department's list of states sponsoring terrorism, saying the regime "meets the criteria for designation."Specifically, the bill requires the president to review about 20 cases involving North Korea, i
North KoreaJune 17, 2016