Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Top prosecutor orders speedy investigation into first lady's alleged acceptance of luxury handbag
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Hyundai, Kia merge China departments
[THE INVESTOR] The Chinese operations of Hyundai Motor Group’s two carmakers have been placed under a single control tower as the group seeks to strengthen operations in the world’s largest automotive market. According to the carmakers, Beijing Hyundai Motor, Dongfeng Yueda Kia, and China marketing divisions of Hyundai Motor and Kia Motors have been placed under the body that oversees the group’s operations in China.The organization in charge of the group’s operations in China is headed by Kim T
MobilityJune 21, 2016
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KFS strives for greener Korea with urban forests
KFS Director Lee Yong-seok briefs President Park Geun-hye about urban forest policies during the 2016 Government 3.0 Fair at Coex, southern Seoul, Monday. (Cheong Wa Dae)The Park Geun-hye administration opened the 2016 Government 3.0 Fair for a three-day run at Coex in southern Seoul on Monday, as part of efforts to enhance communication between government agencies and the public.With the slogan “Government at Your Fingertips,” the fair is displaying 100 booths in seven different categories, exh
June 20, 2016
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Samsung SDI, LG Chem batteries excluded for EV subsidies in China
[THE INVESTOR] The Chinese government has decided to suspend consumer subsidies for electric vehicles using batteries produced by two Korean companies Samsung SDI and LG Chem. The decision is expected to become a huge blow to the Korean duo that has poured considerable resources into the Chinese market in recent years, including building new battery-making plants. According to news reports on June 20, the Chinese government announced a total of 31 companies subject to EV subsidies but Samsung
TechnologyJune 20, 2016
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Loss of Hanjin, Hyundai shipping firms will cause US$19 billion damages
[THE INVESTOR] Hanjin Shipping and Hyundai Merchant Marine disappearing from the market will result in loss of 5,400 jobs and damages of US$19.13 billion on the Korean economy, the Korea Shipowners’ Association projected on June 20. According to the association’s calculations, the two shipping firms being pushed out of the market will also prompt major global shipping companies to take their operations out of Korea’s Busan Port. Busan is currently ranked the world’s fifth largest port in terms o
June 20, 2016
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Samsung SDS small shareholders demand action
[THE INVESTOR] Samsung SDS’ small shareholders are demanding Samsung Group to take measures to boost the company’s stock prices. On June 20, an online association of Samsung SDS shareholders posted a letter addressed to Samsung Future Strategy Office chief and Samsung Electronics vice chairman Choi Ji-sung.In the letter, the shareholders criticized the company’s plans to separate its logistics business, and called on him to show the company’s plans for buoying stock prices. Samsung SDS closed at
June 20, 2016
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[ANALYST REPORT] Hanmi Pharm: Beijing Hanmi’s R&D potential
Chinese government regulation to impact Chinese pharma market Over Jun 16~17, Hanmi Pharm’s Chinese subsidiary—Beijing Hanmi—invited analysts to a site visit for the first time in seven years. According to IMS data, the Chinese pharma market was worth RMB1.1tn in 2015 (grew at a 2011~2015 CAGR of 16.0%), and the market (according to IMS estimates) will grow at a 2016~2020 CAGR of 6.9%. Growth factors for the Chinese pharma market: expanding health insurance coverage; growing private healthcare e
June 20, 2016
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[Graphic News] Coal consumption rises 11% 2010-2015
Korea’s coal consumption rose 11 percent over the five years from 2010 to 2015, in contrast to the U.S. and U.K., which have reduced use of the fuel by nearly 25 percent, a recent study shows. China saw a 10.2 percent increase in the cited period, while India logged a 39 percent jump, according to the BP Statistical Review of World Energy. In 2010, Korea consumed 75.9 million tons of coal, which peaked at 84.6 million in 2014, falling slightly to 84.5 million in 2015. That accounted for 2.2 perc
June 20, 2016
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Rothwell International IPO oversubscribed
[THE INVESTOR] Chinese auto parts manufacturer Rothwell International, which took orders from retail investors for its initial public offering on Korea’s tech-heavy KOSDAQ next week, was 328 times oversubscribed with deposits totaling 3.15 trillion won (US$2.71 billion won), the company said on June 20. “As a listed Chinese firm, we will take the lead in resolving China discount and creating premium,” said Zhou Xiangdong, the company’s chief executive. Rothwell International started taking subsc
June 20, 2016
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[ANALYST REPORT] Hana Financial Group: Foreigners are buying for good reasons
BUY and 6M TP of W33,000 maintained- The target price is derived by applying the target P/B of 0.4x to the 2016E BPS of W77,857.- Over the last three months, Hana Financial Group’s foreign ownership gained nearly 0.9%p. This compares with most of its peer banks (other than Woori Bank), which saw their foreign ownership decline considerably.-There are two reasons why foreign investors are buying Hana Financial Group. First, its exposure to large company loans is forecast to decrease a whopping 7.
June 20, 2016
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SK Innovation to beef up ceramic coated LiBS
[THE INVESTOR] SK Innovation, the energy solution arm of SK Group, has decided to increase facility investments for the production of lithium-ion battery separator or LiBS, a key part of electric vehicles. The company said on June 20 it will set up two assembly lines at its production plant in Jeungpyeong, North Chungcheong Province, with aims to complete the facilities by the first half of next year. A company official holds LiBS produced at SK Innovation’s Jeungpyeong, North Chungcheong Provin
June 20, 2016
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Regulator mulls charging smartphone users TV license fees
[THE INVESTOR] Korea’s media regulator is planning to set up an independent organization to improve the TV license fee system of KBS, a state-run broadcaster, which will likely include a measure to charge smartphone users.The Korea Communications Commission will form an independent group dedicated to assessing the financial structure of state-run broadcaster KBS and improving the broadcasting firm’s TV license fee system, according to a briefing reported to the National Assembly on Monday. The g
TechnologyJune 20, 2016
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Samsung Display to pour W10tr into OLED production plant: report
[THE INVESTOR] Samsung Display will reportedly beef up its production capacity for organic light-emitting diode displays at its manufacturing complex in Asan City, South Chungcheong Province, in a bid to maintain the lead in the growing market for display technology.The Nikkei, a Japanese financial newspaper, reported last week that the company will spend around 10 trillion won ($8.5 billion) in newly building production facilities for display panels and updating existing ones this year. Around
TechnologyJune 20, 2016
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Pantech to release new smartphone
[THE INVESTOR] Smartphone-maker Pantech will release a new model on June 30, its first after being acquired by a consortium led by telecom equipment firm Solid in December last year.The firm, once the third-largest in Korea after Samsung and LG, was on the brink of bankruptcy due to decreasing sales and financial constraints in 2015.After it was acquired by the consortium, the firm has focused on rolling out connected devices for automotive, defense and home automation industries.The smartphone
TechnologyJune 20, 2016
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NXC chairman to be questioned by prosecutors
[THE INVESTOR] Kim Jung-ju of NXC Inc., the holding firm of games maker Nexon, is to be questioned by the authorities in connection with the scandal surrounding senior prosecutor Jin Kyung-jun.According to the Seoul Central District Prosecutors’ Office, Kim will be summoned for questioning, and his lawyers are currently working out a schedule. The prosecution said that they do not have evidence of any wrongdoing on Kim’s part and that the NXC chairman will be questioned as a witness. Kim Jung-j
TechnologyJune 20, 2016
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[DECODED: LOTTE] Shin Dong-bin’s battle wages on
[THE INVESTOR] In front of a bank of flashing cameras, Lotte Group chairman Shin Dong-bin took to the witness stand for a parliamentary audit for the first time as a chaebol chief on Sept. 17 last year. The five-hour grilling took place just as the public’s hostility toward Lotte -- including for its national identity, murky governance and bitter fraternal war -- was reaching its climax. Lawmakers were eager to drive him into a corner. But Shin remained outwardly calm even then, though his hands
MobilityJune 20, 2016
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Merck to establish nonprofit company for charitable work
[THE INVESTOR] Global pharmaceutical and chemical enterprise Merck will establish a nonprofit company, the Merck Family Foundation, to expand its charitable work, the Germany-based company said on June 20. The Merck Family Foundation will conduct charitable work such as promoting public health care and education, providing emergency aid in a community. To be involved in international development cooperation as a further goal, the global pharmaceutical company is also working out research project
IndustryJune 20, 2016
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Samsung Electronics to hold global executive meeting this week
[THE INVESTOR] Samsung Electronics’ annual global strategy meeting will start on June 21, with almost 500 executives in Korea and from overseas operations flocking to its headquarters. The company’s parts, appliance and mobile business divisions will hold separate meetings presided by three CEOs -- Kwon Oh-hyun, Yoon Boo-geun and Shin Jong-kyun. Samsung’s Suwon digital city complex in Gyeonggi Province.About 80 meeting sessions are scheduled to be held until next week. Considering previous year
TechnologyJune 20, 2016
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[DECODED: LOTTE] Timeline of Lotte family feud
MobilityJune 20, 2016
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[DECODED: LOTTE] Lotte in numbers
MobilityJune 20, 2016
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IoT will drive growth of chip market: Samsung
[THE INVESTOR] A top Samsung Electronics executive said that the Internet of Things market will serve as a driving force behind the company’s semiconductor business.Participating in an investor relations conference held at Conrad Seoul on June 20, Samsung’s chief technology officer So byung-se said “IoT will become a locomotive of the semiconductor business.”“Developers should tailor system-on-chips made by other chipmakers on their own, but the ARTIK platform gets rid of such nuisance,” the CTO
TechnologyJune 20, 2016