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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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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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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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Job creation lowest on record among under-30s
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Gold closes at record high over Brexit worries
[THE INVESTOR] Gold prices hit a record high on July 6 fueled by concerns over the impact UK leaving the European Union will have on financial markets. Gold closed at 50,910 won (US$ 43.8) per gram, up 2.33 percent from July 5. This is the highest on record since Korea Exchange opened the gold market in March 2014. By Choi He-suk (cheesuk@heraldcorp.com)
July 6, 2016
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Woori Bank, oldest top 500 firm in South Korea
With a history of 105 years, Woori Bank is the oldest among South Korea’s largest 500 companies by sales, according to CEO Score, a website devoted to monitoring local conglomerates.Among the 500, almost half were found to be more than 40 years old, while another 12 percent are over 60 years old. Combined, those aged 20 years or older accounted for 82 percent of the firms.Woori BankIn contrast, just 18 percent were “younger” companies aged 20 years or less. On average, the top 500 companies were
July 6, 2016
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FM promises gov’t intervention in case of economic crisis
[THE INVESTOR] The government will intervene should external risks facing the South Korean economy be realized, Deputy Prime Minister Yoo Il-ho said on July 6.Speaking at the conference on government finances held in Seoul, Yoo said that the government will intervene if the Korean economy is hit by external factors. Finance Minister Yoo Il-ho“If external risks are realized, state finances (will be used) to overcome the crisis as it was in the past,” Yoo said. He added that concerned ministries m
July 6, 2016
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Japan Tourism Corporation seeks KOSDAQ listing
[THE INVESTOR] Japan Tourism Corporation, which runs duty-free stores for foreign visitors in Japan, plans to list its shares on South Korea’s secondary bourse KOSDAQ next year, according to sources on July 6. It is the first time that a Japanese firm is seeking an initial public offering on the Seoul bourse after Japanese mortgage bank SBI Mortgage went public in 2012. Japan Tourism Corporation's duty-free store in TokyoHeadquartered in Fukuoka City, JTC is entirely owned by Korean native Ku Ch
July 6, 2016
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Bioleaders to float shares on KOSDAQ on July 7
[THE INVESTOR] South Korean biopharmaceutical firm Bioleaders has passed the final review for transferring its stocks to the country’s tech-heavy KOSDAQ from KONEX, the bourse operator Korea Exchange said on July 5. BioleadersBioleaders will be listed on KOSDAQ on July 7 with the indicative share price set at 15,000 won (US$12.87). Established in 1999, the firm has a range of core technologies to develop next-generation immunity treatments. In 2015, Bioleaders logged 1.47 billion won in sales an
July 6, 2016
