Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Bargain hunters push stock trade to record high
Bargain hunters jumping into stocks to take advantage of the sharp downturn in the market drove the number of active stock trading accounts to a record high level in the past week, the Korea Financial Investment Association said Monday. A total of 122,786 trade accounts have been created this m
Aug. 22, 2011
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Online sales of gold items rise sharply
A growing number of Koreans are turning to online retailers to purchase gold items at cheaper prices amid skyrocketing prices of pure gold here. G-Market, a leading online retailer, said Monday that its sales of solid gold items had increased almost sevenfold as of Aug. 15 compared to the same perio
IndustryAug. 22, 2011
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E-Mart to build logistics complex
E-Mart, Korea’s No. 1 discount store chain, said Monday that it will invest about 400 billion won ($370 million) to establish a logistics complex in Gyeonggi Province by 2014. The complex, located at a 500,000 square meter site in Anseong, 77 kilometers south of Seoul, will become the nation’s large
IndustryAug. 22, 2011
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Foreign investors’ H1 profits soar
Foreign investors saw the second largest returns on record during the first half of the year, Bank of Korea data showed Monday.According to the central bank, foreign investors’ profits for the first six months of the year rose 6.6 percent from the same period last year to come in at over $8.33 billi
IndustryAug. 22, 2011
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Big investment banks unlikely to come soon
Global economic woes may delay bills on large financial groupsGrowing U.S. fiscal woes are stirring concern in Korea over a possible stall in the parliamentary passage of revised bills on capital market and financial investment businesses, calling for fostering American-style big investment banks.Th
Aug. 22, 2011
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Samsung, LG sweep global TV market
Local companies beating out Japanese TV makers with brisk 3-D TV salesSamsung and LG led the global television market during the second quarter of this year on the back of brisk sales of 3-D TVs and other high-end sets, research institute data showed on Monday. Samsung Electronics stood at No. 1 in
IndustryAug. 22, 2011
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SC First Bank’s striking workers likely to return to work next week: union
Striking workers at SC First Bank are likely to return to workplaces as early as next week, ending their all-out work stoppage that started in June in opposition to the bank’s move to adopt a merit pay scheme, the lender’s labor union said Monday.Unionized workers at the Korean unit of Standard Char
Aug. 22, 2011
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Overseas investment hits new high in H1
Korea’s direct overseas investment more than doubled in the first half of the year to a record high of $26.9 billion on the back of vigorous resources development projects, the government said Monday.The figure translates to a 132 percent rise from about $11.6 billion a year earlier and amounts to m
IndustryAug. 22, 2011
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10 savings banks may face sanctions
FSS winds up inspection of 85 secondary banking institutionsFinancial regulators are expected to issue another round of sanctions against a group of savings banks after completing an intensive inquiry into the secondary banking industry.Under its policy of revamping the industry tarnished by the cor
Aug. 22, 2011
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Flood damage drives car claims to record
South Korean non-life insurers saw the number of monthly car claims reach a fresh high in July, due to damages triggered by the record downpours that pounded the metropolitan area last month, data showed Monday.A total of 11,362 reports on car damages were received in July, with local insurers expec
Aug. 22, 2011
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Renault Samsung staff set up new trade union
Workers at Renault Samsung Motors Co., the local unit of French automaker Renault SA., said Monday that they have launched a new trade union to advance the rights of members.The newly formed labor union consisting of 200 members effectively marks the first time that a union has been set up at the ca
Aug. 22, 2011
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Firms use games for marketing
SK Telecom, LG Electronics team up with game firmsFirms are turning their eyes to the online game industry for better marketing not only in Korea but also in the overseas markets.SK Telecom, the country’s top mobile carrier, said Monday it would join hands with NHN, operator of well-known online gam
IndustryAug. 22, 2011
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Ships emerge as S. Korea’s No. 1 export item
Ships have emerged as South Korea’s leading export item this year, outpacing overseas sales of other previous flagship goods such as semiconductors and automobiles, customs data showed Monday.South Korea exported $36.13 billion worth of ships during the January-July period, according to data by the
Aug. 22, 2011
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Korea sovereign risk rises, credit default swap shows
Investors see South Korea’s bond and stock markets still highly vulnerable to external shocks despite improved economic fundamentals, data showed on Sunday. The Korean financial markets recently flucuated far more than other markets in the wake of the global shock sparked by the downgrade of the U.S
Aug. 21, 2011
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Ssangyong E&C expands presence in Malaysia’s high-end housing
Ssangyong Engineering and Construction Co., which has been focusing on luxury building projects in its overseas operations, is making headway in the growing market for luxury residential properties in Malaysia. Last week, the company announced that it won a $145 million contract to build two luxury
IndustryAug. 21, 2011
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Hacking strikes Epson, Gabia
Firms, government urged to step up efforts for better security oversightHackers have struck once again, this time at a local branch of a Japanese company to expose the personal information of up to 350,000 users amid rising concerns over hacking in the world’s most wired country. Epson Korea, the lo
IndustryAug. 21, 2011
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Korea’s quality of life stagnant: report
The quality of life in Korea is one of the lowest among members of the Organization for Economic Cooperation and Development and G20 nations, a Korea Development Institute, report showed Sunday.According to the Ministry of Strategy and Finance, the KDI report on developing indexes for measurin
Aug. 21, 2011
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Hana’s KEB takeover set to shape up soon
Hana Financial Group Inc., South Korea’s No. 4 banking group, will be able to know whether it can buy Korea Exchange Bank as early as next month, when a Seoul court rules on a pending court case that has stalled the acquisition, sources said Sunday.Under a 4.41 trillion won ($4.07 billion) deal with
Aug. 21, 2011
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4 at Deutsche Bank indicted over stock manipulation
Four employees of Deutsche Bank AG and Deutsche Securities Korea have been indicted on charges of gaining unlawful profits by manipulating stock prices, the Seoul Central District Prosecutors’ Office said Sunday. Of the four, three work at Deutsche Bank’s Hong Kong branch including one executive.The
Aug. 21, 2011
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Gloomy outlook clouds Korea’s markets
With jittery investors struggling to glean any hint of reprieve from the deepening global financial woes, the outlook remains gloomy on international fronts, particularly Europe and the U.S., analysts said Sunday. “By now it is clear that a recession is imminent in the U.S. and Europe. A lot of inve
Aug. 21, 2011
