Most Popular
-
1
NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
-
2
College is expensive? In S. Korea, English preschools cost much more
-
3
[Hello India] Hyundai Motor inches closer to IPO in India
-
4
[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
-
5
Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
-
6
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
7
Panel decision put prosecution in dilemma over Dior bag case
-
8
'Gyeongseong Creature Season 2': faster and ready to confront past
-
9
2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
-
10
Korea to face another massive shortfall in tax revenue
-
[ANALYST REPORT] Few benefits of company size redesignation
Strategy briefing• Korea’s Fair Trade Commission (FTC) last week announced new measures for the nation’s corporate designation system, with the key revision changing the definition of a “large” company from one with assets of KRW5t or more to KRW10t or more, which will likely affect 37 domestic firms (including 20 listed ones).• The amendments—except those governing profit-taking by majority stakeholders of chaebol (eg, from intra-group transactions) and select firms subject to obligatory disclo
June 15, 2016
-
LINE skips dividend payout
[THE INVESTOR] LINE Corp., the messaging app arm of South Korea’s popular web portal Naver, has not been paying dividends to its shareholders and Seoul headquarters, according to documents on June 15. According to documents recently submitted to Tokyo’s main bourse operator, the Japan Exchange Group Inc. and the U.S.-based Securities and Exchange Commission, LINE has never issued dividends since it was launched in 2000. On the issue, the company elaborated about its dividend plans in the submitt
June 15, 2016
-
Lotte chairman shows confidence amid widening probe
Lotte Group chairman Shin Dong-bin said Wednesday that he would push for an initial public offering of Hotel Lotte by the end of the year, despite the widening probe by prosecutors into his 90 trillion won ($76.7 billion) empire over alleged creation of slush funds and lobbying.Offering his first apology for causing public concerns, the chairman denied rumors that the listing of Hotel Lotte will be put off indefinitely, stressing that the plan is a pledge he made to the people. “I really feel so
IndustryJune 15, 2016
-
Korea concerned about fallout from U.S.-China trade discord
Concerns are mounting here over the impact on Korea’s manufacturing exporters of the intensifying trade dispute between the U.S. and China.Seoul has already been under growing pressure from Washington to make more earnest and persistent effort toward reducing the widening trade imbalance between the two sides.Experts here worry that the discord between the world’s largest and second biggest economies will amplify the U.S.’ trade pressure on Korea, which remains heavily reliant on exports for gro
June 15, 2016
-
[ANALYST REPORT] Auto parts: Formerly sidelined players gaining attractiveness
Firms with robust top-line growth generally command high valuation multiples, but often see shares plunge if sales stall or profitability deteriorates, and even if such adversity is overcome, shares can rebound sharply even if valuation multiples do not. We focus on stocks with low price-to-sales ratios (P/S)—overly punished for flaws—that boast solid top-line growth and thus provide investment opportunities.Firms with robust top-line growth generally command high valuation multiples, but often
BusinessJune 15, 2016
-
London’s Tate Modern museum expands horizons
LONDON (AFP) – London’s Tate Modern museum will this week unveil a vast pyramidal extension providing extra gallery space for the millions of guests who pour through its doors each year.The modern art museum has been a roaring success since it opened in 2000, with more than 5 million people now annually visiting the former power station, whose silhouette looms over the south bank of the River Thames.This is more than twice the number of visitors originally planned, leaving gallery-goers jostling
PerformanceJune 15, 2016
-
[Herald Review] Jarring mismatch of arthouse and thriller
“The Truth Beneath” tries a little too hard to thwart expectations at every turn. Director Lee Kyoung-mi had previously said she wanted to “avoid the typical” in this film. The result is a plot that lacks logic, characters that are frenzied but hollow, and a jarring mix of genres. Lee, whose 2008 comedy “Crush and Blush” received favorable reviews, has returned with a thriller starring actress Son Ye-jin as the harangued heroine. Son, known primarily for detailed romantic portrayals, and Kim Jo
FilmJune 15, 2016
-
S.Korea‘s economic output edged up 0.7 % in 2014
[THE INVESTOR] South Korea‘s economic output increased in 2014 from a year earlier, a central bank report showed Wednesday.But output by the manufacturing sector fell, along with the portion of trade in total supply also shrinking. Busan PortThe country’s total supply, which equals total consumption, came to 4,237.8 trillion won ($3,598.1 billion) in 2014, up 0.7 percent from the previous year, according to the Bank of Korea. The reading was a turnaround from a 0.2 percent on-year drop in the pr
June 15, 2016
-
Gregory Rabassa, translator of Gabriel Garcia Marquez, dies
NEW YORK (AP) -- Gregory Rabassa, a translator of worldwide influence and esteem who helped introduce Gabriel Garcia Marquez, Julio Cortazar and other Latin American authors to millions of English-language readers, has died.A longtime professor at Queens College, Rabassa died Monday at a hospice in Branford, Connecticut. He was 94 and died after a brief illness, according to his daughter, Kate Rabassa Wallen.Rabassa was an essential gateway to the 1960s Latin American “boom,” when such authors a
BooksJune 15, 2016
-
[ANALYST REPORT] China’s import recovery in May
China’s import growth recovered to 0% in May, which we attribute to a sharp increase in commodity imports. We think China’s rapid urbanization and eased inventory burden indicate that its commodity imports may continue to increase, albeit at a slower pace than in May, which should help stabilize commodity prices and have a positive impact on EMs. While we think recovery in Korea’s exports to China is unlikely, in light of China’s policy shift away from the processing trade, Korea’s exports to E
June 15, 2016
-
‘The Never Ending Wars’: A scathing account of U.S. military failure and ineptitude
Andrew Bacevich studied at West Point and Princeton University and served in the U.S. Army for 22 years. He is well qualified to bring the reader a broad, informed perspective on the subject he addresses -- the U.S. military’s role in multiple presidents' largely unsuccessful efforts to bring a widely varied, very different region under American hegemony. “America’s War for the Greater Middle East: A Military History” accomplishes this feat.The American military, apart from a series of self-hagi
BooksJune 15, 2016
-
[ANALYST REPORT] Hyundai Motor: Gradual demand recovery
2Q operating profit estimated at W1.69tr (-3.2% YoY)Hyundai Motor is expected to post 2Q16 sales of W23.6tr (+3.2% YoY) and operating profit of W1.69tr (-3.2% YoY, 7.2% margin). Domestic sales amounted to 120,000 units (+2% YoY) through May, but total domestic shipments came in at 300,000 units (-8% YoY) as exports went down 13% YoY 180,000 units.Domestic shipments, however, improved markedly from 1Q16 when there were concerns over capacity utilization rates. Domestic plant shipments stood at 2
BusinessJune 15, 2016
-
E-Land, KKR sign binding MOU on Kim’s Club sale
[THE INVESTOR] Local retailer E-Land on June 15 signed a binding memorandum of understanding with the U.S. private equity fund KKR & Co. regarding the sale of hypermarket chain Kim’s Club. E-Land told local media that the memorandum is based on details worked out during previous negotiations and that the two sides are continuing negotiations. The two firms are expected to hammer out details over the next month.According to reports, E-Land and KKR have negotiated over the latter’s acquisition of
MobilityJune 15, 2016
-
Top 10 chaebol owners rake in hefty dividends
[THE INVESTOR] The nation’s top 10 chaebol owners raked in hefty dividends from affiliates over the past five years, Chaebul.com, a local website that tracks chaebol, revealed on June 15. The total amounts of dividends reached almost 1.5 trillion won ($1.3 billion) between 2011 and 2015.Chaebul.com said their actual dividends could be a lot more considering the figures are based on their listed companies only. #1 Samsung Electronics chairman Lee Kun-hee with 681.1 billion won in dividends The Sa
CompaniesJune 15, 2016