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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Opposition chief acquitted of instigating perjury
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Lotte Capital CEO Kobayashi resigns
[THE INVESTOR] Masamoto Kobayashi, chief executive of Lotte Capital, has resigned, according to Lotte Group on July 29.Kobayashi is known as the central link between the flow of funds between Lotte’s Korean and Japanese operations. “We understand he stepped down to focus on Japan’s Lotte Holdings business,” said one Lotte official, declining to be identified. Kobayashi has concurrently held the post of chief finance officer of Lotte Holdings. He was CEO of Lotte Capital since 2007 and was the on
July 29, 2016
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Foreign funds record net outflow from S. Korean bonds
[THE INVESTOR] South Korean securities saw a net outflow of foreign funds amounting to 2.7 trillion won (US$ 2.40 billion) during the first six months of the year, the Bank of Korea said in a report on July 29. (123rf)The bank said that the net outflow was recorded due to investors choosing not to invest funds they reclaimed from matured bonds, despite the net inflow seen from March to May. By Choi He-suk (cheesuk@heraldcorp.com)
July 29, 2016
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Rent contributes most to inflation since 2013
[THE INVESTOR] Rent has become the biggest contributing factor to inflation since 2013, a Bank of Korea report showed on July 29.According to the report, rent has come to account for 0.36 percentage points of the 1.1 percent consumer price rise recorded between the beginning of 2013 and June this year. In comparison, rent accounted for 0.29 percent of the inflation rate of 3.1 percent recorded for 2006 to 2012 period. The changes are thought to have been fueled by the spike in residential proper
July 29, 2016
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Paxnet gets approval for Kosdaq listing
[THE INVESTOR] Paxnet, a South Korean financial data provider, was approved for listing on the secondary bourse Kosdaq, the Korea Exchange on July 29. The stock of Paxnet will start trading from Aug. 1, and the indicative share price has been set at 5,200 won (US$4.63). The firm, which was established in 1999, logged 20.59 billion won in sales and 3.63 billion won in net income last year. (theinvestor@heraldcorp.com)
July 29, 2016
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[EQUITIES] SK Securities sees growth potential for Naver
[THE INVESTOR] SK Securities said Naver is expected to show solid growth this year on the back of Line’s successful IPO and a number of new money-making projects.Naver’s webtoon service, which launched overseas two years ago, has more than 18 million monthly users, while video messaging app Snow has more than 40 million users.In the second quarter, Naver’s operating profit rose 44 percent to 272.7 billion won (US$242.85 million), while sales rose 26.3 percent to 987.3 billion won. Net profit sur
July 29, 2016
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[EQUITIES] NH Investment forecasts 10% increase in Samsung SDS’ annual profit
[THE INVESTOR] Samsung SDS is expected to manifest solid earnings in the latter half of the year, said NH Investment & Securities on July 29.For the entire year, Samsung SDS was forecast to post a 10 percent on-year increase in operating profit to 648.2 billion won (US$574.63 million), while sales will rise 4 percent to 8.19 trillion won. The brokerage also said that the planned split-off of the firm’s logistic business and an overall restructuring in its corporate governance including M&As woul
July 29, 2016
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BOK sees higher growth in 2017
[THE INVESTOR] South Korea’s economy will grow at a slightly higher pace in 2017, the Bank of Korea projected.In the monetary policy report submitted to the National Assembly on July 29, the BOK said that next year will see a small increase in growth rate compared to the upper 2 percent range forecast for this year. “The domestic economy is following an improving trend since the first quarter, but due to increasing uncertainties at home and abroad, growth rate for the year will be in the higher
July 29, 2016
