Most Popular
-
1
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
2
'Culinary Class Wars' producers deny trying to spice up results
-
3
Ex-president's daughter investigated for drunk driving accident
-
4
Seoulites celebrate coexistence at Wellness Seoul 2024
-
5
Netflix, streaming platforms come under fire for loose ratings
-
6
20 minors registered as CEOs making over 100 million won
-
7
Yoon honors veterans of Korean War in trip to Philippines
-
8
K-pop CEOs sidestep key issues at National Assembly audit
-
9
Man killed by fellow hunter who mistook him for wild boar
-
10
LG Energy Solution pledges to double sales by 2028
-
Samsung takes over Brazil’s largest printing solutions provider
Samsung Electronics Co. has taken over Brazil’s No. 1 printing solutions company, Simpress, to bolster its printing business in the Latin American market, industry sources said Saturday.The tech giant recently signed a contract to take over a 100-percent stake in Simpress with a plan to run it as a subsidiary, they said.The Sao Paulo-based firm provides printing outsourcing solution services to local companies, financial and public organizations.Samsung plans to sell its printers through Simpres
Feb. 1, 2015
-
Korea’s exports shrink 0.4% on-year in January
South Korea’s exports inched down from a year earlier in January, but its trade surplus jumped as imports dropped at a faster rate, the government said Sunday.The country’s overall outbound shipments slipped 0.4 percent on-year to $45.37 billion last month, according to the Ministry of Trade, Industry and Energy.Imports plunged 11 percent on-year to about $39.84 billion.The trade surplus came to $5.53 billion, compared with a surplus of $810 million in the same month last year.January marked the
Feb. 1, 2015
-
Shares forecast to trade higher this week
The South Korean stock market is anticipated to rise this week on expected dovish remarks by some U.S. Federal Reserve Board members and possible gains in cyclical shares, analysts said Saturday.The country’s key stock market index, the KOSPI, inched up 0.7 percent from a week ago to 1,949.26 on Friday.Seoul shares got off to a strong start earlier in the week as institutions snapped up shares of builders and chemical firms despite lingering concerns over Greek election results, in which the ant
Feb. 1, 2015
-
Twitter may face probe over pornography
American social media service Twitter may experience a tough year in Korea as it is likely to face government scrutiny over its lack of action against pornography distribution.According to the Korea Communications Standards Commission, a special task force against online distribution of pornography will kick off as early as February, with a particular focus on foreign social media such as Twitter.Twitter founder and chairman Jack Dorsey. (Bloomberg)“We will closely look into these media. We are
Feb. 1, 2015
-
10 promising mobile game start-ups
An increased use of smartphones and tablets is leading to a paradigm shift in South Korea’s game industry. The nation’s mobile game market, which was valued at 420 billion won ($383 million) in 2012, saw a sharp jump to 2.4 trillion won last year, accounting for 25 percent of the game industry. Here are top 10 promising mobile game start-ups in Korea picked by Demoday, a local start-up portal, together with Startup Alliance, a start-up support firm headed by Naver Corporation’s chief executive K
Feb. 1, 2015
-
Over one-third of listed companies hit by 'earnings shock' in Q4
More than a third of South Korea's listed companies experienced "earnings shock" in the fourth quarter, underperforming market expectations that were already low, a local corporate tracker said Sunday.According to FN Guide, 20 of the 55 listed companies that filed earnings reports for the October-December period as of Jan. 30, or 36.36 percent, suffered lower-than-anticipated earnings.Only 12, or 21.82 percent, did better than expected for an earnings surprise.Brokerages generally classify earni
Feb. 1, 2015
-
Brokerages predict better Samsung earnings in Q1 as tech giant
South Korea brokerages are predicting a rebound in earnings for Samsung Electronics Co., which was hit hard by disappointing sales and stiffer competition last year, as the tech giant gets ready to launch new models in 2015.The average estimates given by 20 local securities for the January-March period said the firm would mark 5.2 trillion won ($4.74 billion) in operating profit, roughly on par with 5.29 trillion won reached in the fourth quarter of 2014.They said the more upbeat forecasts refle
Feb. 1, 2015
-
Samsung takes over Brazil's largest printing solutions provider
Samsung Electronics Co. has taken over Brazil's No. 1 printing solutions company, Simpress, to bolster its printing business in the Latin American market, industry sources said Saturday.The tech giant recently signed a contract to take over a 100-percent stake in Simpress with a plan to run it as a subsidiary, they said.The Sao Paulo-based firm provides printing outsourcing solution services to local companies, financial and public organizations.Samsung plans to sell its printers through Simpres
Jan. 31, 2015
-
[Weekender] Restaurants ride on superfoods boom
“Superfood” is not a scientific term. It is a marketing term for nutrient-rich food and a growing number of food-makers and restaurants are adopting the word in their sales and marketing strategies. Korea’s top hotel restaurants and food franchises agree that true superfoods share something more than just nutrition. While this year’s superfoods are not necessarily “better” than those of a decade ago, they are seasonal, fresh, and preferably grown locally. Locally grown fresh seaweed and shellfis
Jan. 30, 2015
-
[Weekender] Multigrains imports sharply increase
As Koreans have become more health-conscious over the past few years, the popularity of superfoods, particularly internationally renowned multigrains like quinoa, has increased across the country. According to Lotte Mart, sales of imported grains in the first half of 2014 increased by 330 percent compared to the same period a year ago. Here are some of Korea’s favorite grains.QuinoaQuinoa hails from the Andes, and is referred to as “the grain of the gods.” According to Japan’s Ministry of Educat
Jan. 30, 2015
-
[Weekender] Korean foods gain recognition abroad
While Koreans are increasingly consuming imported superfoods, there are also some Korean foods that are recognized overseas for their nutritional benefits. Here are some homegrown foods that have been mentioned in foreign publications over the past few years for their health benefits. SeaweedIn a story covering Wando Seaweed Festival, held in Korea last September, the Wall Street Journal highlighted seaweed soup, traditionally eaten by mothers after giving birth in Korea, as it contains iodine,
Jan. 30, 2015
-
[Weekender] Juicing for health
Juicing has become popular across the country. Many Koreans put drinking a glass of fresh fruit or veggie juice a day on their list of New Year’s resolutions, and most coffee chains have begun selling fresh juices. A fresh juice bar run by Organica at a branch of high-end supermarket chain Super Star in southern Seoul. (Organica)Behind the boom is the craze for cleansing the body of toxins with juice ― the so-called “juice cleanse.’’Drinking “detox’’ juice has become a daily routine for many Ko
Jan. 30, 2015
-
[Weekender] Korea’s latest well-being movement
For Lee Kyung-ja, a 63-year-old housewife who has lived in Latin America for more than 40 years, the biggest concern ahead of her planned return to Korea was food.Having lived in Bolivia, the home of a slew of so-called superfoods like quinoa and lentils, she had no idea how to maintain her decade-old eating habits. But her concerns vanished during a recent visit to Seoul. “I was pleasantly surprised that almost all food items from Latin America are available at local supermarkets. There were ev
Jan. 30, 2015
-
Hyundai fast-tracks relocation plan
Hyundai Motor Group plans to relocate some of its subsidiaries to the former KEPCO headquarters in southern Seoul. (Yonhap)Hyundai Motor Group said Friday it would speed up its planned relocation to Samseong-dong, southern Seoul, to help the local economy ahead of its complete ownership of the site formerly owned by Korea Electric Power Corp.In September, the Korean auto giant purchased the 80,000-square-meter site for 10.5 trillion won ($10 billion) from the state-run power agency in a bid to c
Jan. 30, 2015
-
Korean Air chairman Cho testifies in ‘nut rage’ trial
Korean Air chairman Cho Yang-ho answers questions from reporters before stepping into a court in Seoul on Friday. (Yonhap)Korean Air chairman Cho Yang-ho testified as a witness in a Seoul trial on Friday over his daughter’s alleged breach of aviation safety regulations.The Seoul Western District Court questioned the 65-year-old chairman on whether the senior steward Park Chang-jin, who was allegedly assaulted by Cho’s daughter and forced off the Seoul-bound Korean Air flight in New York last mon
Jan. 30, 2015
-
S. Korea's industrial output advances in Dec.
South Korea's industrial output advanced in December from a month earlier, helped by demand for automobiles and semiconductors, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries moved up 3 percent last month from a month earlier. Compared with a year earlier, it inched up 0.4 percent.The increase marks the highest on-month growth since the 3.7 percent gain in September 2009 and the second month i
Jan. 30, 2015
-
KT suffers widened loss in 2014 on increased costs
South Korea's No. 2 telecom giant KT Corp. said Friday its loss widened last year from a year earlier due mainly to its one-off cost in compensating voluntary retirees.Net loss reached 966 billion won (US$883 million) last year, sharply increasing from the loss of 60.2 billion won a year earlier, the company said in a regulatory filing.Sales also dipped 1.6 percent on-year to reach 23.4 trillion won last year. KT also suffered an operating loss of 291.8 billion won last year, shifting from 839.3
Jan. 30, 2015
-
Hyundai to enter duty-free bidding
Hyundai Department Store announced Thursday that it would join the bid for a license to open a city duty-free store in Seoul, adding fuel to the fierce competition in the 3.2 trillion won ($2.9 billion) market. In its first attempt to join the bid, company chairman Chung Ji-sun is facing competition from his uncle Chung Mong-gyu, chairman of Hyundai Development Co. Ji-sun is the grandchild of the late Hyundai Group founder Chung Ju-yung. Mong-gyu is the only child of the late former Hyundai Deve
Jan. 29, 2015
-
Ssangyong E&C prepares to flex muscles with Dubai fund
Ending years of efforts to find a new owner, Ssangyong Engineering & Construction signed an investment contract with the Investment Corporation of Dubai on Thursday. “The company’s credibility is expected to increase significantly as one of the world’s sovereign wealth funds will become the largest shareholder of the construction firm,” said Ssangyong, Korea’s 19th-largest building firm by construction capacity.Under the deal, the Dubai-based state-run sovereign wealth fund will acquire newly is
Jan. 29, 2015
-
SK Telecom’s Q4 net soars 71.4%
SK Telecom Co., the country’s top mobile operator, said Thursday its fourth-quarter net profit advanced 71.4 percent.Net profit came to 503.3 billion won ($465 million) in the October-December period, compared with 293.6 billion won tallied a year earlier, SK Telecom said in a regulatory filing.Sales fell 0.1 percent on-year to 4.28 trillion won, and operating profit also decreased 3.9 percent to 490 billion won over the cited period.For all of 2014, the company posted a net profit of 1.79 trill
Jan. 29, 2015