Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Man escapes DUI charges by downing bottle of soju while pulled over
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Pay debate plagues foreign nanny pilot
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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Slew of top K-pop stars ready to return from military
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Pianist Lim Yunchan double winner at Gramophone Awards
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Celltrion Healthcare cruises in Kosdaq debut
Shares of Celltrion Healthcare rose over 15 percent on the first day of its initial public offering on the second-tier Kosdaq market Friday.Stocks of the sole marketer and supplier of biopharmaceutical firm Celltrion closed at 50,300 won ($44.90), up 22.68 percent from the offering price of 41,000 won. Celltrion Healthcare has been bullish throughout the day since it opened at 6.5 percent higher. This came in contrast to the weak Kosdaq market and its bellwether Celltrion, which shed 2.03 percen
July 28, 2017
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[Eye] Helena and Kristie, experiment that keeps on going
Helena and Kristie was never really meant to become a brand. It was born as a onetime experiment, a distraction from the monotony of corporate design life.“We were getting bored, and we were looking for something different to do. So we decided to prepare for Pret-a-Porter together. It was never intended to turn into a brand,” Helena and Kristie’s co-CEO and creative director Hong Hye-won told The Korea Herald at one of the shoe brand’s stores in southern Seoul.Hong and co-CEO Ko In-hee first met
July 28, 2017
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Samsung Engineering Q2 net improves amid plant business slowdown
Samsung Engineering Co. said Friday its second-quarter net profit improved marginally, helped by companywide cost-cutting efforts. In the three months ending June 30, the plant builder posted a net profit of 31.4 billion won ($28 million), up from 2.3 billion won a year earlier, the company said in a statement. (Yonhap)"The plant industry is still struggling due to unfriendly business environments. Low oil prices were a major drag in the second-quarter results," a company spokesman said by phone
July 28, 2017
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Hyundai Steel Q2 net plunges 46 pct on lower China demand
Hyundai Steel Co., South Korea's second-largest steelmaker by sales, said Friday its net profits plunged 46 percent on-year in the second quarter on lower demand in China.In the three months that ended June 30, the company's net slumped to 341.1 billion won ($304 million) from 254.6 billion won a year earlier, the company said in a statement.(Yonhap)"As the company's supply of automotive steel to Hyundai Motor Co. and Kia Motors Corp.'s plants (in China) has fallen sharply, it deeply cut into th
July 28, 2017
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[Weekender] The ins and outs of twinhood
Wherever they go, they naturally draw attention. One day they may fight like there’s no tomorrow, but in the end they are each other’s best friend. Twins, whether identical or fraternal, are becoming more common in Korea, partly because more women are getting married at an older age, increasing the likelihood of having children via medically assisted reproduction, which raises the chances of multiple births. The latest data from Statistics Korea shows that 16,166 twins were born in 2015, account
July 28, 2017
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[Weekender] Twin bliss
“Four out of 10 kids that I saw today at a kids cafe were twins, and they were all fraternal,” wrote an anonymous mom in a post on an online community that has 2.6 million moms and wannabe moms as members.Another mom replied to the post, saying, “It’s because more women are having babies through in vitro fertilization these days. I envy those mothers who got two birds with one stone.” Such dialogue is common nowadays in South Korea, which faces a decreasing economically productive population.Ind
July 28, 2017
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Korea’s industrial output decreases in June
(Yonhap)South Korea’s overall domestic industrial output decreased again in June, recording a three-month decline for the first time since July 2013, largely due to decreases in the refining and semiconductor sectors. But consumption increased by 1.1 percent compared with the previous month, according to data released by Statistics Korea on Friday.The country’s overall output in June fell by 0.1 percent, with the semiconductor sector posting a 3.9 percent decline in production, following an 8.9
July 28, 2017
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Hyundai Mobis Q2 net drops 43 pct on China woes
Hyundai Mobis Co., South Korea's largest auto parts company, said Friday its second-quarter net profit plunged 43 percent from a year earlier on lower demand in China. Net profit for the three months that ended on June 30 fell to 481.24 billion won ($431 million) from 848.83 billion won a year earlier, the company said in a regulatory filing. (Yonhap)In the second quarter, the parts manufacturer's main buyers -- Hyundai Motor Co. and Kia Motors Corp. -- suffered sharp declines due to political
July 28, 2017
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Samsung Electronics beats Intel, takes world's largest chipmaker title in Q2
Samsung Electronics Co. emerged as the world's No. 1 chipmaker in terms of sales and operating profits in the second quarter, beating behemoth Intel Corp. market data showed Friday.The rise of Samsung is significant as Intel has been standing as the leading computer chip producer for some 24 years.Industry watchers said the rise is the result of the South Korean tech giant's successful developed next-generation technologies for dynamic random-access memory chips and NAND flash memory and quickly
July 28, 2017
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KT reports modest growth in Q2
South Korea's No. 2 mobile carrier KT Corp. said Friday its second-quarter operating profit rose nearly 5 percent from a year ago, helped by improved revenue in its media business. (Yonhap)Operating profit came to 447.3 billion won (US$400.6 million) for the April-June period, compared with a profit of 426.9 billion won for the same quarter last year, the company said in a regulatory filing. This represents a 4.8 percent on-year gain. Second-quarter net income inched up 1.1 percent on-year to 25
July 28, 2017
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LG Electronics wins 7 awards in US consumer evaluation study
LG Electronics Inc. said Friday it won seven awards in a US consumer evaluation study on home appliances, highlighting its position as one of the most popular brands in the North American market. (Yonhap)According to the findings released by industry-tracker J.D. Power, LG Electronics won top titles for its front-load and top-load washers, clothes dryers, dishwashers, freestanding ranges, French door refrigerators and top-mount freezer refrigerators."LG has clearly delivered on all these measure
July 28, 2017
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Industrial output backtracks 0.2% in June
South Korea's industrial output dropped slightly in June from a month earlier due to the dip in petroleum refinery and chip businesses, but consumption made a turnaround to offset the sluggish production, government data showed Friday. (Yonhap)Production in the mining, manufacturing, gas and electricity industries edged down 0.2 percent on-month in June, backtracking from a 0.2 percent on-month gain in the previous month, according to the data by Statistics Korea.From a year earlier, output also
July 28, 2017
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SK Innovation’s Q2 earnings fall 58%
SK Innovation, South Korea’s biggest oil refiner in terms of market share, saw its second-quarter earnings drop by more than half on-quarter, largely due to the slump in international oil prices, according to a regulatory filing Thursday. SK Innovation’s sales in the second quarter reached 10.5 trillion won ($9.4 billion), up 2.7 percent, but its operating profit dropped to 421 billion won, down by 62.4 percent on-year from 1.1 trillion won. (Yonhap)Compared with the previous quarter, the compa
July 27, 2017
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Samsung Heavy swings to black in Q2 on cost-saving measures
Samsung Heavy Industries Co., a major shipyard here, said Thursday that it swung to the black in the second quarter of the year from a year earlier on cost-saving measures.Net profit reached 23 billion won ($21 million) in the April-June period, compared with a loss of 212 billion won a year earlier, the company said in a regulatory filing.Operating income reached 21 billion won in the second quarter, also turning around from an operating loss of 284 billion won a year earlier.Its sales dropped
July 27, 2017
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Samsung expected to continue record-breaking profit in Q3
Samsung Electronics, which posted record-high revenue, operating profit and net profit in the second quarter, is expected to post another top profit number in the next quarter on a continued chip boom and its new OLED panel supply for Apple’s new iPhones. The South Korean electronics giant said Thursday it posted 61 trillion won ($54 billion) in sales and 14 trillion won in operating profit between April and June, rising 19 percent and 72 percent, respectively, from the previous year. Samsung sa
July 27, 2017
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Miracles in pairs
Twins share more than their mother’s womb. They share tears, laughter, failures, achievements, envy and even at times prejudice.Korea is among countries seeing an increasing number of twins, triplets and more, as more women are having children at a later age, which often leads to higher chances of conceiving multiple babies, such as through artificial insemination. Some couples even work on conceiving multiple babies at one time for the sake of efficiency or due to time constraints. Tomorrow’s w
July 27, 2017
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Hyundai Engineering Q2 net jumps 14%
Hyundai Engineering & Construction Co. on Thursday posted a 14 percent on-year jump in its second-quarter net profit as major projects began to be reflected in the bottom line. Net profit for the April-June quarter rose to 216 billion won ($194 million) from 189.4 billion won a year earlier, the company said in a statement. Hyundai E&C headquarters in northern Seoul. (Yonhap)"The company has focused on winning plant and infrastructure projects in overseas markets. Initial payments for the proje
July 27, 2017
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KT&G Q2 net dips 3.8% despite strong sales
KT&G Corp., South Korea's leading tobacco producer, said Thursday its second-quarter net profit fell 3.8 percent from a year ago due to factors other than sales. (Yonhap)Net profit came to 274.7 billion won ($247 million) on a consolidated basis in the April-June period, compared with 285.6 billion won a year earlier, the company said in a regulatory filing. Operating income, meanwhile, jumped 11.7 percent on-year to 386.5 billion won and sales also rose 6.8 percent to 1.16 trillion won over th
July 27, 2017
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Korea's seaport cargo up 5.2% in H1
Cargo processed at South Korean seaports rose more than 5 percent during the first six months of the year on brisk outbound shipments, government data showed Thursday. (Yonhap)Cargo handled at the country's ports came to 789.16 million tons in the January-June period, up 52 percent from 750 million tons tallied a year earlier, according to data by the Ministry of Oceans and Fisheries.Non-container cargo gained 2.3 percent on-year to 548.11 million tons over the cited period, while container frei
July 27, 2017
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Samsung posts best quarterly profit amid chip boom
Samsung Electronics posted its best quarterly profit in the second quarter due to a boom in memory chips. The South Korean electronics giant said Thursday that it posted 61 trillion won ($ 54 billion) in sales and 14 trillion won in operating profit in the April-June period, rising 19 percent and 72 percent, respectively, from the previous year. Samsung said its record-high earnings were mainly buoyed by the booming chip market amid rising demand for storage products. Samsung’s chip unit posted
July 27, 2017