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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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Panel decision put prosecution in dilemma over Dior bag case
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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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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KEPCO looks to Jordan for further overseas expansion
[THE INVESTOR] Korea Electric Power Corp. is reviewing plans for launching solar power projects in Jordan, local news outlets reported on June 16.A team from KEPCO had been dispatched to the United Arab Emirates and Jordan last month to seek out potential new projects in the region. The overseas expansion drive is thought to be fueled by uncertainties the company faces as an electricity supplier. With the government announcing plans for opening up the market to private sector, KEPCO is expected
June 16, 2016
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Bulgaria reaffirms support for denuclearization, vows to fully implement N. Korea sanctions
North KoreaJune 16, 2016
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Airlines won't levy fuel surcharge for 11th straight month in July
South Korea's two major air carriers said Thursday they have decided to impose no fuel surcharges on their international flights next month amid continued low oil prices.Korean Air Lines Co. and Asiana Airlines Inc. said they have set their fuel surcharge at zero for July, marking the 11th straight month of freeze. It is also the longest zero streak since July 2005, the first time when fuel surcharges were levied on all international flights.The decision means passengers purchasing international
IndustryJune 16, 2016
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UHD to become new norm in TV market
UHD to become new norm in TV market[THE INVESTOR] The chief of a global industry group that sets ultra-high definition technology standards said the UHD technology will soon replace high definition technology to become a new norm in the global TV industry. Speaking with Korean reporters in Seoul on Wednesday, UHD Alliance president Hanno Basse said members of the alliance will continue to make concerted efforts to improve the viewing experience of TVs.“It will not take long for UHD TVs to replac
TechnologyJune 16, 2016
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KEPCO mulling solar power business in Jordan
Korea Electric Power Corp., South Korea's state-run power utility firm, is considering a solar energy business in Jordan, a source said Thursday, as part of its efforts to tap into a new growth engine.KEPCO officials met with their Jordanian counterparts in Amman earlier this month, the source said, without elaborating.Separately, KEPCO has formed a consortium with GS Engineering & Construction Co., a major South Korean construction firm, and Hanwha Q Cells Co., the world's leading solar cell ma
IndustryJune 16, 2016
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Gov't to set up solar panels for schools
The South Korean government will install solar power generators at about 2,000 elementary and secondary schools nationwide in a way to help the education sector earn extra income and bolster the local renewable energy business, the trade ministry said Thursday.A special purpose firm by the Korea Electric Power Corp. will invest 400 billion won ($342.3 million) by next year in a project to help some 2,000 schools install 100 kilowatt-solar panels on their rooftops, according to the Ministry of Tr
Social AffairsJune 16, 2016
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Hyundai to recall 62,319 Tucson SUVs for hood lock problems
Hyundai Motor Co., South Korea's largest carmaker, will recall 62,319 units of its Tucson sports utility vehicle for problems with its hood lock system, the transport ministry said Thursday.The model's secondary hood latch remains in the wrong position when the hood is closed, and, as a result, the hood may unexpectedly open while driving, according to the Ministry of Land, Infrastructure and Transport.The problem has been detected in 62,319 Tucson SUVs produced between March 15, 2015, and March
MobilityJune 16, 2016
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Navy kicks off exercise to defend western sea border
The South Korean Navy on Thursday kicked off a three-day maritime exercise to defend the western sea border from possible North Korean provocations, the military said.The exercise will be conducted in a bid to deter North Korean patrol vessels from crossing the western maritime border, widely known as the Northern Limit Line, it said. The two Koreas fought several bloody sea battles along the NLL in 1999, 2002 and 2009.Pyongyang does not acknowledge the de facto demarcation line drawn unilateral
DefenseJune 16, 2016
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Seoul shares open slightly higher following Fed meeting
[THE INVESTOR] Korean shares opened slightly higher Thursday following the U.S. Federal Reserve’s decision to freeze the key interest rate. The benchmark Korea Composite Stock Price Index added 0.41 point, or 0.02 percent, to 1,969.24 during the first 15 minutes of trading. The U.S Federal Reserve decided to maintain interest rates at its former level on Wednesday considering Britain’s possible exit from the European Union, said Fed Chair Janet Yellen. Samsung Electronics dropped 0.78 percent, a
June 16, 2016
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Korean Olympic body keeps Rio ban on swimmer Park Tae-hwan
The top national sports body decided Thursday to keep its Summer Games ban on swimmer Park Tae-hwan, dealing what may be the final blow to his fading Olympic hopes.In a board of directors meeting, the Korean Olympic Committee said it wouldn't amend its rule blocking Park from competing in this year's Rio de Janeiro Summer Games because of his doping history.The KOC bans athletes who've served doping suspensions from representing the country for three years, starting on the day that their suspens
Olympic GamesJune 16, 2016
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KOSPI ranks world’s 13th performer
[THE INVESTOR] The benchmark Korea Composite Stock Price Index ranked 13th among major global stock market indices in terms of performance for a month ending June 14, a local securities firm said Thursday. The KOSPI produced a negative return of 0.57 percent during the period to take a slightly higher position among 40 major market indices worldwide examined by Daishin Securities. During the period, the KOSPI skidded from 1,983.40 points to 1,972.03 points. The KOSPI touched this year’s high of
June 16, 2016
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[ANALYST REPORT] Jump in Korea‘s tax revenues is credit positive
Below is an article from “Moody‘s Credit Outlook”, 16 Jun 2016 issue.Last Friday, Korea’s (Aa2 stable) Ministry of Strategy and Finance (MOSF) announced that it had collected KRW96.9 trillion in taxes in the first four months of the year, a 23% increase from the same period a year earlier and already 43% of the government’s targeted tax revenues for 2016.The increased revenue is credit positive for the sovereign because it supports government finances. Moreover, the increased tax revenue reflect
June 16, 2016
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Samsung dominates global AMOLED market: data
Samsung Display Co., an affiliate of tech giant Samsung Electronics Co., dominated the global small and mid-size active mode organic light-emitting diode display market in the first quarter of the year, industry data showed Thursday.The South Korean panel cemented its supremacy with a 30.6 percent presence in terms of sales, followed by Japan Display Co. with a 17.1 percent share and LG Display Co. of South Korea with 12.9 percent during the January-March period, according to the data by market
IndustryJune 16, 2016
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Park to host luncheon to acknowledge national honorees
President Park Geun-hye will host a luncheon to honor those that have sacrificed in service to the country and contributed to South Korea's wellbeing and development, her office Cheong Wa Dae said.President Park arrives at the luncheon to honor those that have sacrificed in service to the country. (Yonhap)Some 250 national honorees and their families have been invited to the presidential office in Seoul, it said. Those being recognized include people who fought in the country's military in time
PoliticsJune 16, 2016
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Seoul holds NYC summit for local start-ups
[THE INVESTOR] Korea’s state-run agencies held a conference in New York City on June 15 (local time) to help local start-ups gain foothold in the U.S. Korea’s trade promotion agency KOTRA and Small and Medium Business Administration hosted “Korea Startup Summit NYC 2016” at New York City’s Microsoft Technology Center, inviting 15 promising local start-ups and five start-ups that have already entered the U.S. market. More than 50 investors from major American cities, including New York City, Bost
TechnologyJune 16, 2016