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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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Opposition leader awaits perjury trial ruling
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Korea Asset in Trust to float shares on July 13
[THE INVESTOR] Real estate trust company Korea Asset in Trust has gained the final approval for listing on the main bourse, Korea Exchange said on July 11. Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13 with an IPO price of 10,300 won (US$8.97) per share.Established in 2001, KAIT is the market leader in real estate trust companies in Korea, which posted 834 billion won in operating income and 36.3 billion won in net profit last year. The company’s affiliates inclu
July 12, 2016
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Hyundai Investment Securities projects 26.6% decline in Hyundai Wia’s Q2 earnings
[THE INVESTOR] HMC Investment Securities has forecast that machinery maker Hyundai Wia will suffer a 26.6 percent decrease in its second quarter operating profit at 97.4 billion won (US$ 84.59 million). Sales are also expected to decline, by 1.1 percent to 1.98 trillion won, the brokerage said. Both figures are below market estimates.However, Hyundai Investment said that sales would recover in the latter half of the year. The brokerage lowered its target price on Hyundai Wia shares to 130,000 wo
July 12, 2016
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Seoul on alert for possible economic reprisal from China over THAAD
[THE INVESTOR] South Korean presidential office is closely monitoring trade with China for possible economic reprisal from China over the deployment of Terminal High Altitude Area Defense system. Speaking to reporters at the presidential office, chief presidential economic advisor Kang Seok-hoon, said that the government is “closely monitoring the situation” in response to questions regarding possible economic retaliation from China. Since Seoul and Washington announced the decision to deploy TH
July 12, 2016
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Earnings of Samsung Electro to miss expectations in Q2
[THE INVESTOR] Samsung Electro-Mechanics ’ earnings will likely miss market expectations due to temporary costs caused mainly by a series of business restructuring and layoffs in recent months, according to a market report on July 12. Hana Financial Investment said in its recent report that the electronic components company is expected to post 17.8 billion won ($15.50 million) in operating profit and 1.56 trillion won in sales in the second quarter, down from 42.9 billion won and 1.6 trillion wo
July 12, 2016
