Most Popular
-
1
Military aircraft evacuating S. Koreans in Lebanon returns home
-
2
Yoon set for talks with Marcos in Philippines
-
3
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
4
Korean bands get their day in the sun, finally
-
5
Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
-
6
2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
-
7
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
8
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
9
Firefighters’ 3,000 won meals spark nutrition concerns
-
10
From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
-
Creditors may give Hanjin Shipping more time to restructure
[THE INVESTOR] Creditors, led by the state-run Korea Development Bank, plans on giving some breathing room to Hanjin Shipping to stay afloat, by extending the due date of its corporate rehabilitation program. KDB and other banks will convene a meeting sometime this week to extend the initial Aug. 4 deadline by a month for Hanjin Shipping, according to sources. The move will help the ailing shipper to gain more time to improve its financial status to avoid court receivership. Earlier in May, the
July 21, 2016
-
[Graphic News] Koreans spend $3,000 annually on insurance
South Koreans paid more than 3.4 million won ($3,000) in insurance premiums per policy for the year that ended in March, a market researcher said Wednesday.South Koreans’ insurance density stood at $3,034 in the financial year 2015-16, compared with $2,332 in 2010, referring to per capita premiums, according to Swiss Re, the world’s second-largest reinsurer based in Switzerland, in its sigma report. It said South Korea’s premium per person is the 18th-highest in the world, ranking five places hi
July 20, 2016
-
[DECODED] The titan that began with Lee Byung-chull
The late Lee Byung-chull is the founder of the behemoth Samsung, the nation’s top conglomerate, but his legacy is much more than just Samsung. His eight children -- three sons and five daughters -- control several conglomerates that rule the Korean economy today, and they are collectively known as the “pan-Samsung” group.Last year, Forbes Asia ranked the Lee family at the top of its Asian business dynasties, with members of the extended family running “more than 55 business, with total sales of
July 20, 2016
-
[DECODED] Behind high life, Samsung heiresses on tough road to top
Having the richest man in the country as a father is not just about having lifelong access to fortune. As members of the family in the Samsung empire, not only Lee Jae-yong, the chairman’s only son and the heir apparent, but also his two sisters have long been in the public eye, along with much speculation. Will they be competitors or collaborators in the new era of Samsung, soon to be ruled by their untested brother? The latter, experts say. But they might take their own path afterwards, just l
July 20, 2016
-
[Photo News] Hyosung's investment in Quzhou
Hyosung president Cho Hyun-joon (right) meets the Chinese party secretary Chen Shin in Quzhou to discuss the possibility of cooperation on the Korean firm’s investment in Quzhou’s spandex and NF3 business on Wednesday. (Hyosung)
July 20, 2016
-
[Photo News] Hyundai Motor heir's tribute to Halla founder
Hyundai Motor vice chairman Chung Eui-sun (right) is greeted by his uncle and Halla Group chairman Chung Mong-won during his visit to the cemetery where the late Halla chairman Chung In-young lies, on the occasion of the 10th anniversary of his death in Yangpyeong, Gyeonggi Province, on Wednesday. Chung In-young is a brother of the late Hyundai founder Chung Ju-yung whose grandson is Chung Eui-sun. (Yonhap)
July 20, 2016
-
Mexico to slap massive anti-dumping tariff on Dongbu Metal
[THE INVESTOR] Dongbu Metal’s high carbon ferromanganese could be subjected to a 35.65 percent anti-dumping tariff in Mexico.According to the Korea International Trade Association and the Ministry of Trade, Industry and Energy, Mexico’s trade commission preliminarily passed the anti-dumping measure on Dongbu Metal’s high carbon ferromanganese. Dongbu Metal has been exporting high carbon ferromanganese to Mexico since July 2014. The South Korean company is reported to have supplied 7,700 metric t
July 20, 2016
-
Hyundai Elevator to launch joint venture in Turkey
Hyundai Elevator has signed a joint venture agreement with Turkey’s STFA Group in Istanbul on July 19 local time to launch its local operations, it announced on Wednesday. The Korean company has taken over 51 percent stake in the Turkish group’s subsidiary HMF Asansor and will launch Hyundai Elevator Turkey, aiming to develop the country as “the second home market” and make inroads into Europe as well. “It will top the country’s market share and post sales of over 100 billion won ($87.77 million
July 20, 2016
-
Starbucks drinks to sell for half price this week
Drinks at Starbucks will sell for half price during the company’s 17th year anniversary event period this week, Starbucks Coffee Korea announced on Wednesday.The “Happy Hour” event will be held from Thursday to Saturday, between 3 p.m. and 5 p.m. at more than 900 Starbucks stores nationwide in Korea.Exceptions to the event are stores at leisure complexes Vivaldi Park Ocean World and Phoenix Park, as well as expressway service station Majang Premium. Non-barista-made drinks such as Starbucks Rese
July 20, 2016
-
[DECODED] Behind high life, Samsung heiresses on tough road to top
Having the richest man in the country as a father is not just about having lifelong access to fortune. As members of the family in the Samsung empire, not only Lee Jae-yong, the chairman’s only son and the heir apparent, but also his two sisters have long been in the public eye, along with much speculation. Will they be competitors or collaborators in the new era of Samsung, soon to be ruled by their untested brother? The latter, experts say. But they might take their own path afterwards, just l
July 20, 2016
-
SK hynix to announce Q2 earnings on July 26
[THE INVESTOR] Chipmaker SK hynix(000660) said July 20 that it will announce its April-June earnings on July 26. A conference call will be also held on the day in which South Korea’s second-largest chipmaker will announce its business plans for the second half this year.
July 20, 2016
-
[Photo News] Top duty-free brand
Lotte Duty Free was voted the most popular Korean duty-free brand by Chinese shoppers in an online survey conducted by Chinese news outlet People‘s Daily Online. Lotte Duty Free received the most votes out of all 250 Korean brands in the survey, according to the company. Pictured: Lotte Duty Free PR manager Noh Jae-seung (center right) accepts the award on behalf of Lotte Duty Free from Zhang Yue, People's Daily Online Korea Vice CEO, at the awards ceremony held at the Grand Hyatt Hotel in Seoul
July 20, 2016
-
Oil refineries projected to rebound
The performance of Korean oil refineries is expected to continue a gradual rebound, with improving refining margins, industry sources said Wednesday. The benchmark Singapore complex gross refining margin, which peaked at $9.9 per barrel in January, plummeted to $4.9 per barrel last month. The index, however, started to rebound to $5.4 per barrel in the first week of July. (Yonhap)The index indicates the difference between the total value of petroleum products coming out of an oil refinery and th
July 20, 2016
-
Shinsegae DF opens luxury stores in Incheon
Shinsegae DF has completed its opening of seven luxury stores in its Incheon International Airport outlet, the company said Wednesday.The duty-free operator began bringing in luxury brands in mid-June, starting with Balenciaga. After Balenciaga, Moncler and Miu Miu stores soon followed. Celine, Fendi and Marc Jacobs stores opened on July 8, and a Hermes outlet opened on July 12. All of these brands are operated exclusively by Shinsegae DF at Incheon International Airport with the exception of He
July 20, 2016
-
Electric car chargers to be available at telephone poles
Electric car chargers will likely be available at telephone poles across the country soon, a state-run power company said Wednesday. Korea Electric Power Corp. said it is currently developing electric car chargers that can be installed at telephone poles. Once developed, about 30,000 telephone poles near parking lots will be equipped with the chargers. There are about 9 million telephone poles across the country. (KEPCO)The idea for the “telephone pole charger” was brought up by a KEPCO employe
July 20, 2016
-
Seoul duty-free shop offers $20,000 for part-timers
Galleria Duty Free 63, a duty-free store run by Hanwha Galleria, said Wednesday it will offer three part-time ad jobs that pay $20,000 for one week each, as part of its marketing and brand-advertising efforts. People aged 18 and above in Korea, Japan and China can apply for the positions by Aug. 15 via the company's website (goldenchance.galleria-dfs.com), company officials said. (Yonhap)If selected, the three people will earn $20,000 each while shopping at the duty-free store or visiting major
July 20, 2016
-
Police warn of fake 'Pokemon Go' apps
Korean cyber police are on alert as bogus "Pokemon Go" applications targeting Android phone users have been spotted abroad amid the game's global craze, although such malicious code has yet to be found in the country. According to the National Police Agency on Wednesday, some 1.03 million domestic Android phone users have downloaded the "Pokemon Go" application thus far. (Yonhap)The problem is that more than a few people wishing to play the game are believed to have downloaded the app from illeg
July 20, 2016
-
Watsons to sell Samsung Pharm’s mask sheets in China
[THE INVESTOR] Samsung Pharm has signed an agreement to supply sheet masks to Hong Kong-based drugstore chain Watsons, it announced on July 20. Starting from the end of this month, the company’s mask packs will be available at 2,600 Watsons outlets in China, with expected annual sales of 10 billion won (US$8.74 million). By joining hands with the leading health and beauty store chain Watsons, which operates 11,400 stores across the world with an annual growth rate of 30 percent, Samsung Pharm “w
July 20, 2016
-
Gov‘t to restrict ads of caffeinated foods, beverages
High-caffeine foods and drinks will be restricted from media ads starting in November, the government said Wednesday, affecting some 2,000 local products often used by teenagers to chase away drowsiness.The Ministry of Food and Drug Safety said it has put out an advance notice of the measure to start accepting public opinion on Aug. 1. The policy is scheduled to take effect in November, it said.The aim is to ban or restrict advertisements of foods and beverages with high-caffeine content on tele
July 20, 2016
-
Cigarette sales bounce back despite price hike
Cigarette sales for the first half of 2016 have risen 14 percent compared to the same period last year, coming back from a sharp drop early last year due to a price hike, according to data Wednesday.According to research firm Nielson, over 35.3 billion cigarettes were sold in the first half of the year compared to 31 billion in 2015. This year‘s sales are still significantly lower than the 40 billion cigarettes sold in the first half of 2014 before the government’s increase of the excise tax. Ho
July 20, 2016