Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Golden chance to liquidate babies’ gold rings?
-
3
Inflation eases in April, continues bumpy ride
-
4
Seoul to more than double military drones by 2026 to counter NK threats
-
5
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
6
Seoul alerts overseas missions to NK terror threats
-
7
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
8
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans
-
Chaebol heads qualified for financial firm ownership, questions remain
The heads of South Korean conglomerates including Samsung, Hyundai Motor and Hanwha appear to have passed a qualification screening by financial authorities, which tested whether they are eligible to run or own financial arms of the group they lead. However, questions are being raised over the effectiveness of the screening, as it allows those who have been indicted on charges of malpractice and embezzlement. The Financial Services Commission said Sunday, “We found no distinct problems while scr
IndustryJuly 30, 2017
-
Semiconductor Q2 exports jump fourfold in seven years
South Korea’s semiconductor exports surged to record highs in the second quarter of this year, according to the Bank of Korea’s trade statistics Sunday.The country’s semiconductor export volume index hit 393.97, nearly four times the 100 benchmark in 2010. The export volume also marked a 20.2 percent increase compared to the second quarter of last year, when it stood at 327.86, and a 2.7 percent jump compared to the first quarter of this year. Industry experts say the con
EconomyJuly 30, 2017
-
Kakao Bank attracts 800,000 accounts in 4 days
Kakao Bank, South Korea's second Internet-only bank, said Sunday it has attracted some 800,000 accounts four days since its launch, with combined deposits and loans hovering above 500 billion won ($445.2 million).The bank said the number of clients came to 826,000 as of 3:00 p.m., with deposits being estimated at 275 billion won. The newly established bank also rolled out loans worth 260 billion won so far. More than 1.48 million users also downloaded the Kakao Bank application.Its performance f
MarketJuly 30, 2017
-
[Herald Interview] ‘GM here for future,’ not leaving Korea
BUPYEONG, Gyeonggi Province -- Amid market rumors of General Motors pulling out from South Korea, the GM Korea vice president said the US automaker is here for the future, stressing the country’s role as a strategic hub. In an exclusive interview with The Korea Herald, Dale Sullivan, vice president of vehicle sales, service and marketing at GM Korea, said the company is set to reach 1 million sales for its Chevrolet vehicles here in August, marking the shortest time among GM operations in emergi
MobilityJuly 30, 2017
-
[Photo News] Samsung's air conditioner sales soar
AIR CONDITIONER SALES SOAR -- Visitors check out Samsung Electronics’ wind-free air conditioners at a Samsung Digital Plaza store in Seoul on Sunday. Samsung said it sold more than 1 million air conditioners from Jan. 1 to July 21, setting a new top sales record for the company. It attributed the sales hike to the rising popularity of its wind-free air conditioners, which accounted for around 60 percent of Samsung’s air conditioner sales in Korea for the year. (Samsung Electronics)
TechnologyJuly 30, 2017
-
[Behind the Wheel] New BMW 4-series more dynamic, but stable
New BMW 4-series are seen on a test drive in Busan, Friday. (BMW Korea)BUSAN -- BMW Korea, the local unit of the German luxury carmaker, unveiled Friday an upgraded version of its 4-series, adding variety to its popular series.The new lines introduced were the 4-Series coupe, convertible and gran coupe, as well as the high-performance models M4 coupe and M4 convertible.“The new 4-series cars have bodies that are 40 millimeters lower than 3-series cars. Enhanced suspension and a new control syste
MobilityJuly 30, 2017
-
Celltrion founder becomes Korea’s No. 10 stock rich
Seo Jung-jin, the founding chairman of South Korean biopharmaceutical company Celltrion, has officially taken the 10th spot in the country’s list of stock rich billionaires, following Celltrion Healthcare’s initial public offering last Friday.Celltrion Healthcare, the sales and marketing subsidiary of Celltrion, went public on the Kosdaq on Friday. Its shares soared 15.23 percent from its initial offering price to close at 53,000 won ($47.30), with its market capitalization at 6.88 trillion won,
IndustryJuly 30, 2017
-
6-inch ‘super phablets’ to become mainstream: report
Upcoming smartphone models are expected to adopt six-inch or larger screens, as more and more users prefer consumption of multimedia content on their handheld gadgets, according to market sources Sunday. The “super phablets,” whose screens are larger than six inches, are forecast to account for 4.3 percent of total smartphone sales this year, selling about 66 million units, showed a report by US market researcher Strategy Analytics. The phablet is a combination of the phone and tablet, referring
TechnologyJuly 30, 2017
-
SKT opens bid for 5G equipment for commercialization
SK Telecom has embarked on commercialization of the fifth-generation network by starting to receive bids for 5G equipment, it said Sunday. According to the announcement, SKT sent a request for proposals to network equipment manufacturers, officially beginning talks about establishing 5G network infrastructure as the first mobile carrier in South Korea. The latest proposal includes detailed requirements for core equipment and technologies, such as data transfer specifications for 5G frequency spe
TechnologyJuly 30, 2017
-
Record number expected to depart from Incheon airport for vacations
Yeongjong Island -- As South Koreans start taking summer vacation this weekend, Incheon International Airport on Sunday is packed with vacationers traveling overseas.The airport said a record number of some 109,000 is expected to use the airport Sunday to go overseas. The airport was packed with people early in the morning, carrying backpacks and carriers of casual clothes. Excited, some put on straw hats, while others already had their travel pillows wrapped around their necks in preparation fo
EconomyJuly 30, 2017
-
Korea's air traffic jumps 6.6% in H1
Air traffic in South Korea jumped 6.6 percent in the first half helped by increased demand on non-Chinese routes, government data showed Sunday. The number of passengers on Korean and international routes run by domestic airline carriers rose to 53.08 million in the January-June period from 49.80 million a year earlier, the Ministry of Land, Infrastructure and Transport said in a statement. "An increase in travel demand on routes to Europe, Japan and Southeast Asian countries helped offset sharp
IndustryJuly 30, 2017
-
LG to release new budget smartphone with full-vision display
LG Electronics Inc. said Sunday it will start sales of the LG Q6 budget smartphone this week, which adopts a "full-vision" display with an 18:9 screen aspect ratio.The South Korean tech giant said the sales of the 5.5-inch smartphone will kick off Wednesday with a price tag of 419,100 won ($373). The Q6 comes with storage capacity of 32 gigabytes. LG plans to release the Q6 Plus with 64 GB later in August.LG first adopted the full-vision display on the flagship G6 smartphone released earlier thi
TechnologyJuly 30, 2017
-
Refiners pin hopes on earnings recovery in Q3
South Korean oil refiners, led by SK Innovation Co., are pinning high hopes on a rebound in their earnings under the current quarter after reporting a worse -than-expected bottom line for the April-June period, industry sources said Sunday.Local refiners saw their second-quarter earnings almost halve from a year earlier due to low oil prices, a rise in inventory losses and weaker-than-expected margins on key chemical products. Global oil prices dropped by more than 10 percent during the second q
IndustryJuly 30, 2017
-
Korean exports forecast to keep posting double-digit growth: Moody's
South Korea's exports are expected to continue to log double-digit growth for a while on the back of steady overseas demand for semiconductors, global market research firm Moody's said Sunday."We expect annual export growth to keep rising at a double-digit pace thanks to the sustained uptick in the tech cycle lifting shipments of semiconductors and machinery," Moody's said in its weekly report. "South Korea's monthly trade surplus likely narrowed to $9.8 billion in July, from $11.
EconomyJuly 30, 2017
-
Creditors of Kumho Tire OK Kumho Asiana's proposal in brand dispute
Creditors of Kumho Tire Co. have decided to accept the offer by the tiremaker's parent group in a brand dispute with the Chinese buyer, clearing the final hurdle in the sale of South Korea's No. 2 tiremaker, an official the main creditor said Friday.In March, China's Qingdao Doublestar Co. signed a 955 billion won ($852 million) deal to acquire a 42 percent stake in Kumho Tire, but the process of acquisition hit a snag over how much Kumho Tire should pay for the use of the Kumho brand name.Kumho
IndustryJuly 28, 2017
-
[Monitor] Pricey property
Land prices nationwide skyrocketed in the first half of this year, pushing the increasing rate of land prices to a nine-year high and the amount of transactions to an 11-year high, data by the Ministry of Land, Infrastructure and Transport showed.Land price surges were particularly led by Sejong, Busan and Jeju Island, with ample development plans.
EconomyJuly 28, 2017
-
Kospi slides to largest daily loss in over year on foreign selling spree
South Korea’s stock markets tumbled Friday, with its top-tier Kospi market taking its largest daily loss in a year.The Kospi closed at 2,400.99 on Friday, down 1.73 percent from Thursday. The main bourse index tumbled by the largest margin since July 6, 2016, which saw a 1.85 percent Kospi loss. It also marked the largest drop in 2017, following 1.14 percent slide in March 3. During late afternoon trade, the Kospi fell below the 2,400 mark at around 2:40 p.m. The index has closed above 2,4
MarketJuly 28, 2017
-
Celltrion Healthcare cruises in Kosdaq debut
Shares of Celltrion Healthcare rose over 15 percent on the first day of its initial public offering on the second-tier Kosdaq market Friday.Stocks of the sole marketer and supplier of biopharmaceutical firm Celltrion closed at 50,300 won ($44.90), up 22.68 percent from the offering price of 41,000 won. Celltrion Healthcare has been bullish throughout the day since it opened at 6.5 percent higher. This came in contrast to the weak Kosdaq market and its bellwether Celltrion, which shed 2.03 percen
IndustryJuly 28, 2017
-
[Eye] Helena and Kristie, experiment that keeps on going
Helena and Kristie was never really meant to become a brand. It was born as a onetime experiment, a distraction from the monotony of corporate design life.“We were getting bored, and we were looking for something different to do. So we decided to prepare for Pret-a-Porter together. It was never intended to turn into a brand,” Helena and Kristie’s co-CEO and creative director Hong Hye-won told The Korea Herald at one of the shoe brand’s stores in southern Seoul.Hong and co-CEO Ko In-hee first met
IndustryJuly 28, 2017
-
Samsung Engineering Q2 net improves amid plant business slowdown
Samsung Engineering Co. said Friday its second-quarter net profit improved marginally, helped by companywide cost-cutting efforts. In the three months ending June 30, the plant builder posted a net profit of 31.4 billion won ($28 million), up from 2.3 billion won a year earlier, the company said in a statement. (Yonhap)"The plant industry is still struggling due to unfriendly business environments. Low oil prices were a major drag in the second-quarter results," a company spokesman said by phone
IndustryJuly 28, 2017