Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
-
Korea considers options to stem stock volatility
South Korea’s financial authorities said Friday they were weighing options to stem stock market volatility in response to growing concerns over foreign “hot money” that allegedly exaggerates the market’s moves. The local regulators’ latest gesture to stabilize the local stock market came after they
Aug. 12, 2011
-
‘Turkey hopes to sign FTA with Korea by yearend’
Turkey’s Economy Minister Zafer Caglayan said Friday his country hopes to sign the free trade agreement with Korea on product trading by the end of this year.“We have had our differences regarding product trading in the past, but it seems the issues have been taken care of in various aspects and the
IndustryAug. 12, 2011
-
Seoul slams ‘biased’ foreign reports on Korea
South Korea’s top financial regulator on Friday slammed “biased” analyst reports on the country by foreign brokerages and asked them to “properly” inform the market of the economy’s resilience.“A few foreign securities companies have released reports that made arbitrary judgments about the Korean ec
Aug. 12, 2011
-
Samsung, Hynix confront plunging chip prices
Lee Kun-hee speculated to focus on faltering memory spot businessSamsung Electronics Co., the world’s biggest memory chip maker, and eighth-ranked Hynix Semiconductor Inc. are bracing for a steeper price plunge in memory chip prices. Nomura Securities issued a report Friday that the majority of chip
TechnologyAug. 12, 2011
-
Seoul shares drop 1.33% on foreign selling
South Korean stocks closed 1.33 percent lower Friday on continued foreign selling as rosy U.S. jobs data failed to boost weak investor sentiment, analysts said. The local currency gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) slumped 24.13 points to 1,
Aug. 12, 2011
-
Billionaire Soros' ex-girlfriend files $50m suit
George Soros (Bloomberg)NEW YORK (AP) -- The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50 million lawsuit.Adriana Ferreyr filed the suit in Manhattan court on Wednesday.The 28-year-old Br
IndustryAug. 12, 2011
-
No further monetary tightening by S. Korea expected this year: Moody's
South Korea is expected to hold off on further monetary tightening for some time, probably for the rest of this year, amid growing confidence of bringing inflation under control, Moody's Analytics said Thursday."Monetary tightening has likely ended for this year," said Alaistair Chan, an economist a
Aug. 12, 2011
-
Gunman opens fire in Estonian ministry
TALLINN, Estonia (AP) — A gunman opened fire inside Estonia's Defense Ministry and tried to take hostages on Thursday, but he apparently was shot and killed by police who stormed the building, an official said.The attacker entered the ministry in downtown Tallinn at midday, threw a smoke bomb,
Aug. 11, 2011
-
U.S. stocks rise on small but positive economic signs
NEW YORK (AP) — Wall Street's wildest week since 2008 continued with another 300-point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy isn't headed into another recession.Fewer Americans joined the unemployment line last week and a techn
Aug. 11, 2011
-
US stock futures fall again after another big drop
NEW YORK (AP) -- U.S. stock futures fell Thursday, following European markets lower and a day after another big drop on Wall Street.Worries have focused on the health of European banks, particularly those in France, this week. France's central bank said Thursday that the country's banks are solid an
Aug. 11, 2011
-
Stocks strengthen for second day
The nation’s stock market saw gains for the second consecutive day amid emerging investor sentiment that the Korean economy is not critically exposed to external woes.The Korea Composite Stock Price Index climbed by 11.2 points from a day before to close at 1,817.44 though the index plunged during t
Aug. 11, 2011
-
Lee stresses importance of foreign press briefings
President Lee Myung-bak has instructed the Finance Ministry to notify foreign investors of Korean financial markets’ capability to weather the European debt crisis, government officials said Thursday.Lee called for officials to carry out the mission by holding press conferences for foreign media dur
Aug. 11, 2011
-
Is Korea’s ‘open’ market a curse?
Officials concerned about greater volatility from structural problemsOpenness in financial markets is supposedly a positive thing. But this rule does not exactly apply to Korea’s “open” stock market that has been fluctuating in a way deemed more volatile than that of its peers in Asia and elsewhere.
Aug. 11, 2011
-
U.S. downgrade may hurt IT, auto exports: report
The U.S. credit rating downgrade is feared to hurt exports of South Korean-made information technology products and automobiles, a report by a private economic think tank said Wednesday.The Hyundai Research Institute report said last week’s move by Standard and Poor’s Ratings Services to cut its cre
Aug. 11, 2011
-
Ministry denies report on fuel import from Japan
Officials at the Ministry of Knowledge Economy denied news reports that the government is considering importing petroleum products including gasoline from Japan in a bid to slash fuel prices.“We have no knowledge of petrol imports or any examination underway,” a ministry official told The Korea Hera
IndustryAug. 11, 2011
-
Ticket Monster sale signals shift in industry
The selling of No. 1 social commerce giant Ticket Monster is signaling massive restructuring for the local fast-growing market, experts said Thursday. “This incident is deemed to become the beginning of an industrial restructuring,” said Ryu Han-seok, executive director of the TLC Institute, who is
IndustryAug. 11, 2011
-
SK Comm. under fire for poor security
Company to unveil additional plan to counteract recent security breachSK Communications said Thursday it is getting ready to release its second set of countermeasures as early as this week, following the country’s worst security breach.On Thursday, police confirmed that a hacker used an Internet Pro
IndustryAug. 11, 2011
-
Hyundai’s Genesis, Equus overtake Lexus in U.S. market
South Korea’s leading automaker Hyundai Motor Co. is fast catching up with its rivals in the large luxury car market in the United States, already overtaking Lexus, the luxury brand of Japan’s Toyota Motor Co., a U.S. online magazine said Thursday.In June, Hyundai Motor sold 3,370 units of its Genes
IndustryAug. 11, 2011
-
Korean firms sweep global DRAM market
Samsung Electronics Co. and Hynix Semiconductor Inc., the world’s two largest makers of computer memory chips, dominated the global market for dynamic random access memory chips in the second quarter despite a looming global economic slowdown, a report showed Thursday.According to the report by Taiw
IndustryAug. 11, 2011
-
SKT, KT introduce new monthly payment plans
Two leading mobile carriers ― SK Telecom and KT Corp. ― are engaged in a price war as both introduced new monthly telecom service payment plans on Thursday, which they claim offer cheaper than existing smartphone service rates.The monthly smartphone payment plans enable customers to choose the numbe
IndustryAug. 11, 2011
