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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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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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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Korea to face another massive shortfall in tax revenue
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[Executive Review] DJI's Phantom 4 drone elegant, sophisticated
The Phantom 4 is the newest drone model by Chinese tech firm DJI. It is based on the DJI’s classic Quadro-Copter design of the Phantom series, with an X-shaped body, four propellers and a high-end camera mounted in a gimbal within a robust landing gear below the main body. Compared to the previous model Phantom 3, the body is streamlined. It has no edges or openings and the base plate of the gimbal with the SD card slot is integrated into the main body. The downward-looking sensors are integrate
TechnologyJune 14, 2016
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Korean government makes last-minute push for MSCI inclusion
[THE INVESTOR] The Korean government is making a last-ditch effort to get its stock market included in the top category of global market indices, government officials said on June 14. The key decision by New York-based index provider MSCI on the potential inclusion of Korea on its developed market index was to be announced Wednesday. To request the upgrade, a delegation of officials from a financial regulator and economic ministries, recently visited MSCI’s office in Hong Kong, according to the
June 14, 2016
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Hyundai, Kia to recall more than 368,000 cars in Korea, U.S.
South Korea's largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will implement a massive recall of their vehicles in South Korea and the United States, the companies and U.S. regulators said Tuesday.Hyundai said it is set to begin recalling 81,000 Tucson vehicles on July 15 in the U.S. to replace the secondary hood latch. A separate recall is also scheduled for 62,000 units in South Korea later this month.The recall affects Tucson vehicles built in South Korea from M
June 14, 2016
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[LOTTE CRISIS] Shin Kyuk-ho’s hidden cash, ledgers found
[THE INVESTOR] Prosecutors have found a breakthrough in their investigation of Lotte Group‘s founder and top executive, securing testimony that two officials had received more than 30 billion won ($25.6 million) annually from companies affiliated with the conglomerate.Financial managers within the group reportedly told prosecutors during questioning that Lotte founder Shin Kyuk-ho and his son, current group chairman Shin Dong-bin, had collected 10 billion won and 20 billion won, respectively, ea
MobilityJune 14, 2016
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Merger chances rise for two top shipping firms
[THE INVESTOR] The possibility of merging Korea’s two top money-losing shipping firms is growing after the financial regulator revealed the government’s plan for their restructuring program early this week. The Financial Services Commission on Monday said it would consider the merger of Hanjin Shipping Co. and Hyundai Merchant Marine Co. once they complete their separate restructuring programs. (Yonhap)“If Hanjin succeeds in normalizing its business, (the agency) will evaluate whether the merge
June 14, 2016
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KEPCO seeks public listing of subsidiaries
[THE INVESTOR] Eight of Korea’s state-run energy companies, including subsidiaries of Korea Electric Power Corporation, will push for initial public offerings from the first half of 2017, the government said on June 14. The Korean government announced the plan as part of its broader corporate restructuring efforts on public energy and resource development firms against the backdrop of low international oil prices. The headquarters of KEPCO in Naju, Seouth Jeolla ProvinceUnder the scheme, five su
June 14, 2016
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[Monitor] Korean institutions buy $7b in overseas real estate
Korean institutions bought overseas real estate to the tune of 8 trillion won ($6.8 billion) to rake in stable gains as an alternative to investments in bonds and stocks during a sluggish domestic economy last year, according to CBRE Korea, a global real estate agency, Tuesday. The investments recorded in 2015 are 25 times higher than those of eight years ago when Korean institutions invested 327.6 billion won in 2007. The Korean economy grew by 2.6 percent in 2015, which was a decrease from a 3
June 14, 2016
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[DECODED] Mirae Asset under pressure to reform corporate governance
Park Hyeon-joo, the founder and chairman of Mirae Asset Financial Group, tells his fund managers and executives to think global, have a long term vision and always be the first mover in the market. Those principles, however, don’t seem to apply to his own ownership of the group. Mirae Asset is under increasing pressure to reform its corporate governance structure, the cost of which Park seems to think of as a potential drag on global expansion. Experts say Mirae Asset will take maneuvers
June 14, 2016
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[KOSDAQ Star] Autech -- small, but big, special vehicle-maker
[THE INVESTOR] Driving down the road, when suddenly an ambulance screeches by with red sirens flashing and calling out to clear the way, another driver would naturally see that the special vehicle belongs to a nearby hospital, without thinking about where it comes from.Actually, almost all of the ambulances on the road speeding by in Korea come from the KOSDAQ-listed tech company Autech.Autech ambulance (Autech)It not only makes ambulances with auto partners such as Hyundai Motor and Kia Motors,
BusinessJune 14, 2016
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The Investor launches online business news service
English online business news service The Investor (www.theinvestor.co.kr) kicked off on June 14 with the aim of providing global investors with timely, accurate and influential information on Korea’s dynamic business landscape.Korean media and lifestyle company Herald Corp. unveiled The Investor at a launching event held at Four Seasons Hotel Seoul. THE INVESTOR -- Executives of Korea’s major companies attend a presentation on The Investor, the English-language online business news service launc
IndustryJune 14, 2016
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Green Cross LabCell’s IPO price set at 18,500 won
[THE INVESTOR] Green Cross LabCell Corp. – a Green Cross affiliate that develops drugs for fighting incurable diseases – has officially priced its initial public offering at 18,500 won ($15.70), which is higher than previously indicated ranges, the company said on June 13.Green Cross LabCell will raise 37 billion won with the IPO. The market capitalization of the firm is expected to reach around 195.2 billion won.Its shares will be listed on the tech-heavy Kosdaq index on June 23.The firm, which
IndustryJune 14, 2016
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[FEATURE] Tackling body shaming in South Korea
Alina Shamsutdinova thinks she can’t dress up to her potential in South Korea. The 23-year-old Kazakhstani arrived in Seoul in 2011, as an international student, in hopes to learn about the country of her ethnic origin. Born to third-generation ethnic Koreans in Kazakhstan, she grew up thinking she was beautiful, feeling confident and comfortable in her skin. Yet things started to change when she realized some people in Korea didn’t see her the way she saw herself. “Among the things I heard was
Social AffairsJune 14, 2016
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Ratio of female workers at major companies rises to 21.6%
The ratio of female workers in South Korea's 600 largest companies by revenue has been on the rise in recent years, data showed Tuesday, as South Korea is pushing to bring more women into the nation's workforce.The number of female employees at the 600 firms stood at 235,171 last year, accounting for 21.6 percent of their total workforce. The figures represent a gradual increase from 207,941, or 20.6 percent, in 2011, according to data compiled by the Federation of Korean Industries that speaks
June 14, 2016
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Korean government makes last-minute push for MSCI inclusion
[THE INVESTOR] The Korean government is making a last-ditch effort to get its stock market included in the top grade of global market indices, government officials said on June 14. The key decision by New York-based index provider MSCI on the potential inclusion of Korea on its developed market index is to be announced on June 15 (Korea time). To request the upgrade, a delegation of officials from a financial regulator and economic ministries, recently visited MSCI’s office in Hong Kong, accordi
June 14, 2016