The Korea Herald

Macquarie Korea infrastructure fund’s profit inches up in H1

MarketsAug 3, 2020

Macquarie Korea Infrastructure Fund said Monday it saw a slight increase in its return on investment and its dividend payout to end-investors in the first half of 2020. According to the final estima...
Asiana creditor blasts HDC for looming W2.5tr deal collapse

MoneyAug 3, 2020

Policy lender Korea Development Bank on Monday turned its blame to Hyundai Development Co., the proposed buyer of indebted Asiana Airlines, over its delayed 2.5 trillion-won ($2.09 billion) acquisiti...
[Newsmaker] Kakao Games under fire for sexist translation ahead of IPO

IndustryAug 3, 2020

Inadequate translation leads to misunderstanding from users
Cinemas still far from normalcy despite success of few films

FilmAug 3, 2020

Blockbuster action flick “Steel Rain 2” has racked up 1 million admissions in less than a week, following the lead of zombie thriller “Peninsula,” which kicked off the summer movie season amid the on...
Seoul home prices now exceed 12 years’ average salary

MarketsAug 3, 2020

Apartment prices in the capital city continue to surge despite the government’s clampdown
Viva Republica launches credit card processing subsidiary

MarketsAug 3, 2020

Viva Republica, operator of mobile fintech platform Toss, said Monday that it has launched a payment gateway subsidiary called Toss Payments. The establishment of the new subsidiary comes after the ...
Seoul stocks end tad higher on EV battery makers' rally, tech gains

MarketsAug 3, 2020

South Korean shares closed slightly higher Monday due to an advance in EV battery makers and tech shares, bucking concerns over the global resurgence of the COVID-19 infections. The Korean won fell a...
With sale of Japanese firm’s assets looming, Tokyo may retaliate further

Foreign affairsAug 3, 2020

A Korean court’s action to liquidate seized assets of a Japanese firm involved in wartime forced labor is set to kick off Tuesday, which could aggravate already fragile bilateral relations and prompt...
S.M. Entertainment secures W100b funding from Naver

K-popAug 3, 2020

S.M. Entertainment said Monday that it has secured 100 billion won (US$83.8 million) in funding from Naver. The new funding will be injected into two S.M. affiliates – SMEJ Plus and Mystic Story – a...
[News Focus] Family feud simmers at Korea’s largest tiremaker

IndustryAug 3, 2020

When the chief of Korea’s largest tiremaker sold all his stock in the company to his second son on June 30, the succession appeared to have proceeded smoothly. But it had not. The simmering family di...
Heavy downpour continues; authorities on alert

Social affairsAug 3, 2020

Torrential rains that pounded much of the country over the weekend and Monday are expected to continue, putting authorities on high alert to further damage to regions that have already seen significa...
Tax authorities zero in on foreigners with multiple homes

EconomyAug 3, 2020

SEJONG -- The nation’s tax agency has launched a probe targeting 42 foreigners who own multiple apartments here and are alleged to have evaded taxes, as part of the government’s drive to curb surging...
Senior diplomat ordered to return home immediately over sexual assault allegations in New Zealand

Foreign affairsAug 3, 2020

The foreign ministry has ordered a senior diplomat to return home immediately over allegations that he sexually assaulted a local embassy employee when he was stationed in New Zealand, an official sa...
Mobile game sales in S. Korea hit record high in H1

IndustryAug 3, 2020

Sales of mobile games in South Korea soared to a record high in the first half of the year amid the coronavirus pandemic that has confined more people to their homes, industry data showed Monday. Co...
Chong Kun Dang’s net profit rises 100% on-year in Q2

IndustryAug 3, 2020

Chong Kun Dang’s second quarter net profit rose 100 percent on-year due to decreased spending on marketing amid COVID-19 social distancing, and solid sales of its chronic illness treatments. Hi Inve...