Most Popular
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Opposition mulls delay of financial investment income tax
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Shut up and dance
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Israel targets Palestinian group in first strike on Beirut center
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BTS’ Suga fined W15m for e-scooter DUI
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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Super Junior's Ryeowook to drop first solo album
Ryeowook of the boy band Super Junior is set to release his first solo album in 11 years."The Little Prince" is a ballad collection inspired by the French novel of the same name. Ryeowook is the second Super Junior member to fly solo after Kyuhun, who released his first solo album in 2014."Had Kyuhun not done so well, I would have been more overwhelmed," the main vocalist of the 12-member act told reporters in Seoul on Monday. "Kyuhun told me he really likes my music, so I hope that's a good sig
PerformanceJan. 26, 2016
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Key players on mend for Korea, Qatar in Olympic football
Key players for both South Korea and Qatar remain on the mend as they prepare for a crucial showdown at the regional Olympic qualifying tournament here later Tuesday.South Korea could be without forward Hwang Hee-chan and Qatar could be missing left back Abdelkarim Hassan, when the two countries clash in the semifinals of the Asian Football Confederation (AFC) U-23 Championship in Doha.The competition is also the Asian qualifying tournament for the 2016 Summer Games in Rio de Janeiro. Only the t
SoccerJan. 26, 2016
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SK hynix Q4 profits plunge on weak demand
South Korean chipmaker SK hynix said Tuesday despite record sales of 18.7 trillion won ($16 billion) last year, its fourth-quarter operating profits plunged by 40.7 percent. The company’s annual sales saw an on-year growth of 10 percent -- the third straight year of record sales -- however, it was hit hard by weakening chip demands globally in the October-December period and operating profits fell to 988.8 billion won. SK hynix’s main factory in Icheon, Gyeonggi Province Sales stood at 4.4 tril
TechnologyJan. 26, 2016
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SK Telecom, Samsung to offer free mobile rentals to tourists
South Korea’s top mobile carrier SK Telecom said Tuesday it will begin a free smartphone rental service entitled “Enjoy Mobile Korea” for foreign tourists visiting the country. Samsung Electronics Co. and the state-run Korea Tourism Organization will also join the campaign, SK Telecom said. Incheon International Airport (Yonhap)Under the program, smartphones will be rented out for free to around 250 visitors per week arriving at Incheon International Airport, the country’s main gateway. The phon
IndustryJan. 26, 2016
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Shipbuilders to reduce losses in Q4
South Korea’s top three shipbuilders are expected to post reduced operating losses for the fourth quarter of 2015, but prospects remain grim for this year, industry sources and analysts said Tuesday. World’s largest container ship, built by Hyundai Heavy Industries (Yonhap)After posting a 1.5 trillion won ($1.25 billion) operating deficit during the January to September period, Samsung Heavy Industries is estimated to have swung to a profit in the fourth quarter, according to local brokerages.
IndustryJan. 26, 2016
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Efforts to improve financial infrastructure, credit rating approach
This is the eighth in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed. Kim Yoo-mi, senior director general of the IT & Financial Information Protection department at the Financial Supervisory ServiceThe purpose of a credit rating system is to investigate and analyze factors that impact consumers’ credit status and make a decision on the supply of credit services. Finance is often said to be the blood vessels of
Jan. 26, 2016
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Seoul shares open bearish on weak corporate earnings
South Korean share prices opened lower on Tuesday on faltering fourth-quarter earnings posted by some of the nation’s top companies. Share prices are displayed at the Korea Exchange in Yeouido, southwestern Seoul. (Yonhap)The benchmark Korea Composite Stock Price Index opened lower at 1881.87, and lost 12.58 points, or 0.66 percent, during the first 15 minutes of trading.The index was trading more than 1 percent lower at 1869.41 as of 10:07 a.m. Market heavyweight Samsung Electronics declined 0
Jan. 26, 2016
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Top 10 biz group see stock value plunge
The market value of South Korea’s top 10 business groups plunged this year, mostly on account of increased overseas volatility, data showed Tuesday. An office worker watches the share price of Samsung Electronics displayed on an electronic board. (Yonhap)The combined market capitalization of the listed affiliates of these firms stood at 721.99 trillion won ($602.6 billion) as of Monday, down nearly 5 percent from the end of 2015, according to the Korea Exchange.The decline compares to the 3.5 pe
Jan. 26, 2016
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Korean finance minister stresses budget frontloading in Q1
South Korea's finance minister asked government ministries and agencies on Tuesday to make all-out efforts to frontload their budget spending in the first quarter to preemptively cope with rising economic uncertainties at home and abroad."The government is pushing forward with the frontloading of fiscal spending in the first quarter as the South Korean economy is expected to face challenges like contracted consumption, a slowdown in China and fast-falling oil prices," Finance Minister and Deputy
Jan. 26, 2016
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New LPGA season to kick off in Bahamas; S. Koreans eye another
The 2016 LPGA Tour season will kick off in the Bahamas this week, as the South Korean contingent eyes another dominant year.The $1.4 million Pure Silk-Bahamas LPGA Classic will start Thursday at the par-73 Ocean Club Golf Course on Paradise Island, Bahamas. South Korean Kim Sei-young, the tour's reigning Rookie of the Year, is the defending champion.Kim won three times last year, and she was one of eight different South Korean champions who combined for a record 15 wins in 31 tournaments in 2015
GolfJan. 26, 2016
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Corporate direct financing up 8% in 2015
Direct financing by South Korean companies grew 7.5 percent in 2015 from a year earlier on the back of large-size initial public offerings (IPOs), the financial watchdog said Tuesday.Local companies raised a combined 131.11 trillion won ($109.53 billion) through stock and bond sales throughout last year, compared to 121.93 trillion won logged the previous year, according to the Financial Supervisory Service (FSS).Equity issuance surged 38.9 percent on-year to 8.01 trillion won in 2015, the data
Jan. 26, 2016
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Russel: N.K. leader should look at Iran, negotiate away nuclear program
North Korean leader Kim Jong-un should follow in Iran's footsteps and negotiate away its nuclear program, a senior American diplomat said, stressing the deal shows the U.S. honors its promises."We have extended our hand, but Pyongyang will not unclench its fist. Mr. Kim need look no further than the Iran deal. We keep our word," U.S. Assistant Secretary of State Daniel Russel said during a trip to Singapore last Friday, according to a speech text provided by the newsletter Nelson Report."A bette
North KoreaJan. 26, 2016
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Ex-U.S. commander calls for reassessing U.S. 'extended deterrence'
The United States, South Korea and Japan should reassess whether American "extended deterrence" is still strong enough to counter growing nuclear threats from North Korea, a former top U.S. military commander said Monday.Dennis Blair, chairman of Sasakawa USA, who had served as U.S. Pacific commander, made the suggestion in a joint article with former Japanese military general Masayuki Hironaka, saying NATO still maintains American nuclear warheads."Extended deterrence" refers to the threat of n
World NewsJan. 26, 2016
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Kerry: N.K. leader 'questionable in terms of judgment'
U.S. Secretary of State John Kerry said Monday North Korean leader Kim Jong-un is "questionable in terms of judgment" and called his nuclear pursuit "one of the most serious issues on the planet today."Kerry made the remark at a press roundtable during a visit to the Laotian capital of Vientiane, talking about his upcoming trip to China aimed at discussing how to deal with North Korea in the wake of its fourth nuclear test, according to a State Department transcript."I look forward to having sol
North KoreaJan. 26, 2016
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Park: Zuckerberg thanks over youth employment fund
President Park Geun-hye said Monday that Facebook CEO Mark Zuckerberg has expressed appreciation for her leading a youth employment fund to spread the spirit of donations."Thank you for leading the Youth Hope Fund effort to expand the spirit of giving in Korea," Zuckerberg said in an email to Park earlier this month, according to Cheong Wa Dae, South Korea's presidential office.He also said, "We are focused on doing our part to improve the world for future generations and we are committed to the
PoliticsJan. 25, 2016
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Defense Minister says THAAD deployment needs consideration
Defense Minister Han Min-koo said Monday South Korea needs to consider the deployment of the U.S.' advanced defense system THAAD, reflecting growing security threats from North Korea's emerging nuclear and missile capabilities. "Speaking from the military's perspective, there's enough need to review it because our (defense) capabilities are limited," the defense minister said during his appearance in a news program by MBC, a mainstream broadcasting channel."The issue of THAAD should be considere
DefenseJan. 25, 2016
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[Newsmaker] Rouhani starts first post-sanctions tour
Iranian President Hassan Rouhani arrives Monday in Italy, beginning his first European tour since a nuclear deal saw sanctions lifted against the Islamic Republic.The visit, whose chief aim is to boost economic ties and which will see Rouhani visit France later this week, had been planned for last November but was cancelled after the deadly jihadist attacks in Paris. Iranian President Hassan Rouhani (AP-Yonhap)The three-day trip comes a week after Tehran's deal with world powers came into force
World NewsJan. 25, 2016
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Jaguar launches new XJ luxury sports sedan
Jaguar’s director of design Ian Callum presents the new Jaguar XJ to the press on Monday at Dongdaemun Design Plaza in downtown Seoul. Jaguar Land Rover KoreaBritish luxury carmaker Jaguar Land Rover on Monday launched the all-new XJ, the facelift version of its signature sports sedan XJ. “The New Jaguar XJ drives wonderfully, beautifully, and brings Jaguar to a whole new level,” declared Ian Callum, Jaguar’s director of design, at the launching event held at Dongdaemun Design Plaza in downtown
MobilityJan. 25, 2016
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Celltrion heralds new era for Korean pharmaceuticals
This is the first in a series of articles analyzing the top 10 companies by market capitalization traded on the tech-heavy KOSDAQ stock market. ― Ed. Celltrion’s biosimilar drug Remsima, based on Johnson & Johnson and Merck & Co.’s anti-inflammatory biologic drug Remicade. (Celltrion)Hot stocks on KOSDAQ, the Korean equivalent of the U.S.’ Nasdaq, often hold hints of where the future lies for Korea Inc.Back in 1996, when the bourse first opened as the market for innovative tech firms, the compan
Jan. 25, 2016
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Samsung SDI shareholders agree to spin-off
Samsung SDI shareholders on Monday agreed to spin off the company’s chemicals business into a new affiliate called SDI Chemical, that will be sold to Lotte Chemical within the first half of this year. The battery-making unit of Samsung Group said it will focus more on its flagship business to cater to electric vehicles. Samsung SDI CEO Cho Nam-seong told shareholders the company would invest 3 trillion won ($2.5 billion) into the electric vehicle battery business over the next five years.The sha
TechnologyJan. 25, 2016