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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[EQUITIES] KOGAS’ Q2 operating profit to rise 417%: Samsung Securities
[THE INVESTOR] Samsung Securities forecast state-run Korea Gas Corp.’s second quarter operating profit will jump 417.3 percent on-year to 19 billion won (US$16.73 million) on improved earnings from overseas exploration and production businesses. Revenue, however, was expected to fall 15.4 percent to 4.2 trillion won on declining sales in liquefied natural gas.Further undermining KOGAS’ profit in the latter half of the year is its recent decision to suspend its development program in Iraq’s Akkas
July 26, 2016
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Korean companies secondary offerings rise in H1
[THE INVESTOR] More companies raised cash through secondary offerings during the first half of this year than a year earlier, industry data showed on July 26. According to the Korea Securities Depository, 161 companies raised more than 5.48 trillion won (US$4.83 billion) during the first six months of the year. Compared to the same period last year, the number of companies taking such action increased 34.2 percent, while the amount raised saw a 16.1 percent increase. The number of new shares, ho
July 26, 2016
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Korea Investment Corp. under fire for misusing budget
[THE INVESTOR] State-run Korea Investment Corporation is under fire for raising welfare spending and inappropriate use of its budget despite a massive drop in profits. According to a report compiled by the parliamentary Strategy and Finance Committee, the KIC’s welfare spending jumped 86.3 percent from 2014 to come in at 6.53 billion won (US$5.73 million) last year. In comparison, its net profit nosedived from 51.4 billion won to 18.7 billion won over the same period. Of the welfare expenditure,
July 26, 2016
