Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Inflation eases in April, continues bumpy ride
-
3
Golden chance to liquidate babies’ gold rings?
-
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
-
Seoul stocks fall on foreign sell-off
South Korean stocks fell Friday as foreign investors remained net sellers of local stocks, with sentiment partly subdued after Samsung Electronics said it may have to delay adopting a holding company format at present. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index shed 3.77 points, or 0.17 percent, to close at 2,168.95. Trade volume was moderate at 354 million shares worth 5.04 trillion won ($4.48 billion). Samsung Electronics Vice Chairman Kwon Oh-hyu
March 24, 2017
-
11-year-old Samsung shareholder speaks up
On Friday, the bigwig business executives of one of the world’s largest IT companies, got an unexpected earful from one of its shareholders: an 11-year-old and a proud owner of two Samsung Electronics shares. Identified only by his surname Yu, the fifth-grader at an elementary school, bravely took the chance to stand up and comment on Samsung’s embarrassing recall of the Galaxy Note 7 at the company’s general shareholder meeting held earlier in the day. Samsung Electronics Vice Chairman Kwon Oh
IndustryMarch 24, 2017
-
Holding firm transition on hold: Samsung Electronics
Samsung Electronics Vice Chairman Kwon Oh-hyun said Friday that it will be difficult to push for a transition into a holding company for now, delaying its decision on restructuring amid a corruption scandal that led to the arrest of Samsung’s de factor leader Lee Jae-yong.His comments gave a negative signal on the tech giant’s plan announced in November to split the firm into a holding company and an operating unit within six months. Samsung Electronics Vice Chairman Kwon Oh-hyun (left) speaks d
IndustryMarch 24, 2017
-
Daewoo Shipbuilding to focus on specialty vessels, eyes turnaround in 2017
Daewoo Shipbuilding & Marine Engineering Co., South Korea's embattled shipbuilder, said Friday that its portfolio will be mostly made up of LNG carriers and other specialty vessels, with the company expecting a business turnaround this year.Its rosy outlook came a day after the country's state-run creditors of the shipyard, the world's largest by order backlog, announced a fresh rescue package worth 6.7 trillion won ($5.98 billion), but only if all stakeholders agree to a painful debt-for-equity
IndustryMarch 24, 2017
-
Samsung SDS has ‘no plans to spin off logistics business this year’
Samsung SDS, the internet technology solutions unit of South Korea’s Samsung Group, said Friday that it does not plan to spin off its logistics business this year, defying market expectations that the move would be made in the near future. “We have no plans to spin off our Business Process Outsourcing unit (which provides global logistics services) this year,” Samsung SDS CEO Chung Yoo-sung announced during a shareholder meeting held in Seoul on Friday.Samsung SDS officially announced in June 20
TechnologyMarch 24, 2017
-
Mercedes dealer Han Sung offering free inspections
Han Sung Motors is conducting free vehicle inspections until April 29 to commemorate the recognition it received last year in the areas of consumer satisfaction and diagnostics. Han Sung Motor, the largest dealer for Mercedes-Benz Korea, ranked No. 1 in vehicle maintenance customer satisfaction last year, according to the 2016 Automobile Customer Satisfaction Survey by Consumer Insight, a consumer research institute. (Hansung) The survey was based on online consumer polls from July 2016. Han
MobilityMarch 24, 2017
-
Korea to improve accuracy of financial estimates for 8 public insurances
South Korea will carry out an integrated assessment of its eight public insurances' long and mid-term financial estimates in 2018 in a way to better deal with their potential deficit due to the country's rapidly aging population, the finance ministry said Friday.According to government data, eight public insurances, including the National Health Insurance Service, will see their total expenditure reach 220 trillion won ($195.9 billion) in 2025, up from 106.2 trillion won tallied in 2016. (Yonhap
March 24, 2017
-
KT to supply home AI devices to apartment
KT Corp., South Korea's biggest Internet service provider, said Friday it will provide its artificial intelligence home assistant platform to an apartment complex in the southern port city of Busan.GiGA Genie is an advanced voice recognition butler service that allows users to control home appliances and listen to music using voice commands. It is the world's first IPTV service featuring AI, the company said. (Yonhap)KT said the deep learning platform will be adopted at the Lotte Castle apartmen
TechnologyMarch 24, 2017
-
Hyosung holds fabric development workshops in Greater China
Hyosung held its fabric development workshop known as Creora Workshop in China, Hong Kong and Taiwan, from March 6 to 17, the company said Friday.The 20 Asian client companies that Hyosung visited included fabric and sewing companies, such as China’s Best Pacific and Derun, and Taiwan’s Newwide , as well as fashion brands like LiNing China, Victoria’s Secret Hong Kong and GAP. (Creora)The workshop provided customized information on recent business trends to the client companies, Hyosung said. Fa
IndustryMarch 24, 2017
-
Major shipyards vow to continue cost-cutting measures, boost profitability
South Korea's two major shipbuilders -- Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. -- said Friday that they will strive to boost their profitability via increased orders and continued cost-cutting measures.At a shareholders meeting, Park Dae-young, president of Samsung Heavy, said the shipyard will continue to work toward efficient management while implementing its self-rescue measures as scheduled. (Yonhap)"In order to survive, we will make efforts to secure competitiveness a
IndustryMarch 24, 2017
-
Daewoo Shipbuilding labor union says ready to share 'pain'
The labor union of embattled Daewoo Shipbuilding & Marine Engineering Co. said Friday that it is willing to accept a proposed pay cut for workers from the shipyard's creditors, proposing four-party talks aimed at helping the shipyard stay afloat.The labor union's action came a day after the country's state-run creditors of the shipyard, the world's largest by order backlog, announced a fresh rescue package worth 6.7 trillion won ($5.98 billion) to the ailing shipbuilder, but only if all stakehol
IndustryMarch 24, 2017
-
Korea's farmland area down 2.1% in 2016
South Korea's farmland area contracted 2.1 percent in 2016 from a year earlier due to construction of buildings and other facilities, government data showed Friday.The total area of South Korea's rice paddies and fields came to 1.64 million hectares -- about half the size of Maryland -- in 2016, compared with 1.68 million hectares in 2015, according to the data compiled by Statistics Korea. (Yonhap)South Korea's farmland accounted for 16.4 percent of the country's total land areas in 2016, down
March 24, 2017
-
Hot flashes possible among young people
Hot flashes, a well-known symptom of menopause, can even occur among women and men in their 20s and 30s, data showed Friday, indicating that the condition can be triggered by a variety of factors, including stress.According to the data by the Health Insurance Review and Assessment Service, the number of people who visited hospitals for the condition steadily increased from 5,190 in 2014 and 5,475 in 2015 to 5,719 in 2016.(Yonhap)In 2016, 4,289 women and 1,430 men received treatment for the condi
TechnologyMarch 24, 2017
-
Korean shares down, led by Samsung Electronics
South Korean shares traded lower late Friday morning, weighed by Samsung affiliates after Samsung Electronics said it will be difficult to adopt a holding company structure at present.The benchmark Korea Composite Stock Price Index shed 7.54 points, or 0.35 percent, to 2,165.18 as of 11:20 a.m.Samsung Electronics Vice Chairman Kwon Oh-hyun told shareholders earlier in the day that the company could delay a plan to adopt a holding company structure for the time being. US hedge fund Elliott Manage
March 24, 2017
-
Limited editions of iPhone 7 to reach Korea
South Korean mobile carriers said Friday they will start selling the red iPhone 7 and iPhone 7 Plus line later this week, ahead of the planned release of a new flagship by Samsung Electronics Co., presumed to be the Galaxy S8.The country' three mobile carriers -- SK Telecom Co., KT Corp., and LG Uplus Corp. -- plan to roll out the latest iPhone smartphones on Saturday. It marks the first time for US giant Apple Inc. to release a red-colored iPhone. An image of red-color iPhone 7 and iPhone 7 Plu
IndustryMarch 24, 2017
-
Samsung to completely disable Galaxy Note 7 battery charge
Samsung Electronics Co. said Friday it will completely disable the charging of the faulty Galaxy Note 7 phablets that have not yet been returned, starting later this month through software updates.Samsung launched the Galaxy Note 7 last year, but the sales were soon suspended on reports of some of the devices catching fire while being charged. An image of the Galaxy Note 7 (Yonhap)The tech giant has been rolling out replacement programs while limiting the products' batteries from being charged b
IndustryMarch 24, 2017
-
Korea's May holiday set to spark exodus
A large number of South Koreans are expected to make overseas trips during the country's "golden holidays" in early May, industry sources said Friday, sparking concerns over a big tourism deficit amid a tumble in Chinese visitors.South Korea marks Buddha's Birthday on May 3 and then Children's Day on May 5. Having a day off on May 4 can make it a five-day holiday.This undated file photo shows the departure lounge of Incheon International Airport being packed with outbound travelers. (Yonhap)Loca
IndustryMarch 24, 2017
-
Hanhwa Q Cells to jack up solar cell, module output
Hanhwa Q Cells Co., a major solar panelmaker here, said Friday that it will raise its output of solar cells and solar modules to a combined 6.8 gigawatts this year, as part of efforts to meet growing demand and cement its share in the global market.Its Malaysian facility will have an annual capacity of 2 GW worth of solar cells and solar modules this year, from the current 1.4 GW, with the output capacity of its Chinese plant to be raised to 2.6 GW by the end of the year. (Yonhap)Hanwha Q Cell a
IndustryMarch 24, 2017
-
Samsung Electronics joins Swiss watch exhibition
Samsung Electronics Co. said Friday it has opened up a booth at a watch exhibition currently underway in Switzerland, in line with its efforts to bolster its wearable business.The South Korean tech giant plans to promote its smartwatches at Baselworld 2017, which runs through Thursday in Switzerland.Samsung said it will promote the Gear S3 smartwatch, as well as other concept products at the fair."We hope the Gear S3 will be beloved not only by the users of smartwatches, but by traditional fans
IndustryMarch 24, 2017
-
LG's smartphone turnaround hinges on G6
Sliding through a photo gallery of LG Electronics Inc.'s new G6 smartphone, Park Yong-ho, an employee in his 30s at a mobile-phone store in Seoul, shows off what he calls the most vivid images taken by a smartphone. "Can you believe it? These photos look like they were taken by a DSLR camera," Park said, adding that the device's full-size screen enables users to take and review photos simultaneously. (Yonhap)Asked how many G6 smartphones he sold these days, Park declined to comment. Park said, h
IndustryMarch 24, 2017