Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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Tensions heighten ahead of first president-opposition chief meeting
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Seoul to provide housing subsidy to married couples with newborns
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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Rapper jailed after public street fight with another rapper
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New head of doctors' association vows war in case of disadvantage to medical professors
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CJ chairman absent from son’s wedding
The ailing CJ Group chairman didn’t attend his son’s wedding on Saturday, due to his health condition and the court’s order that bans him from leaving the hospital, officials said Sunday.Lee Jay-hyun’s 30-month jail term is currently suspended due to complications from a kidney transparent in 2013. “The chairman could have requested the court’s permission to attend his son’s wedding but didn’t even ask for it considering his health,” a CJ official said.Lee Sun-ho (CJ Group)The chairman’s son, Le
IndustryApril 10, 2016
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LG develops world’s first UHD TV chip
LG Electronics said Sunday it has developed the world’s first TV reception chip that allows streaming ultrahigh-definition content without a separate set-top box. The breakthrough comes as global broadcasters are bracing for the next-generation digital-based UHD terrestrial broadcasting that offers diverse additional services as well as boasting better picture quality. The Korean government plans to start the broadcasting from February next year. LG is a leading player in ROUTE, or real-time o
TechnologyApril 10, 2016
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Samsung Galaxy sales up 30% in U.S.
Samsung Electronics’ flagship Galaxy S7 is off to a promising start, with its sales in the U.S., the home turf of its archrival Apple’s iPhone, soaring 30 percent in the first month of sales from a year ago. According to a survey by analyst firm Counterpoint Research, the Galaxy S7 and its Edge variant have sold more than 10 million units over the past month since their global launch on March 11. The figure is up 25 percent from that of predecessor Galaxy S6 last year, found the survey based on
TechnologyApril 10, 2016
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Celltrion donates least among top Korean pharma companies
Celltrion has offered the least amount in charitable donations among Korea’s top 10 pharmaceutical companies last year, data showed Sunday.According to its audit report filed with the Financial Supervisory Service, Celltrion donated a total of 18.9 million won ($16,390) last year, equivalent to about 0.003 percent of its revenue of 603.4 billion won.(Yonhap)The data shows Celltrion lagging in the area of corporate social responsibility despite being the most-watched company in the field, followi
IndustryApril 10, 2016
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KB Financial, Hyundai Securities to ink takeover deal next week
KB Financial Group is expected to sign a stock-purchase agreement to take over Hyundai Securities Co. next week, industry sources said Saturday.KB Financial was chosen as the preferred bidder in late March, beating two major rivals, Korea Investment Holdings Co. and Hong Kong-based private equity firm Actis, in the bid to acquire a controlling 22.56-percent stake in Hyundai Securities.The deal came in line with Hyundai Group's efforts to revitalize Hyundai Merchant Marine Co., a key shipping uni
April 9, 2016
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Hyundai garners 3 of Germany's top-10 popular import-cars
South Korea's top automaker Hyundai Motor Co. took up three out of the top 10 best-selling import cars in Germany, industry data showed Saturday, reflecting its robust sales in the European market.According to the data compiled by the German Association of the Automotive Industry, Hyundai sold 2,116 units of Tucson, a sport utility vehicle in the country last month, which ranked third after the Nissan Qashqai and the Fiat 500.The Hyundai Tucson, which first reached the European market in the sec
MobilityApril 9, 2016
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Seoul shares forecast to take breather next week
South Korean shares are expected to remain in a tight range next week as investors take to the sidelines ahead of corporate earnings seasons at home and abroad, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,972.05 points on Friday, down 0.08 percent from a week ago. KOSPI (Bloomberg)The country's stock market started higher this week as investor sentiment was boosted by gains in Wall Street, but caved in to institutional sell-offs, which was in part o
April 9, 2016
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LG Chem's takeover deal to be finalized next week
LG Chem Co., South Korea's top chemicals company, said Friday that it has agreed to take over a local pesticides and fertilizer maker for 425 billion won (US$369 million). Previously, LG Chem signed a deal to buy Dongbu Farm Hannong for 515 billion won and sought to complete it by March this year. In a regulatory filing, LG Chem said it will wrap up the deal by April 15. The takeover push comes as LG Chem faces a growing challenge from Chinese rivals in its flagship chemicals and electric
IndustryApril 8, 2016
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Sentinel to host evening yoga program
Fitness brand Sentinel is hosting an evening yoga program aimed at awakening the senses, it announced Friday. Titled “Awaken Six Senses,” the program features activities like “Chocolate Meditation” and “Mirror Game” that stimulate the senses and the subconscious. “The program features both peaceful meditation and dynamic yoga positions that will allow participants to sweat and work together, communicating and receiving energy from each other. It is a community party,” said Lachlan Winner, Senti
TechnologyApril 8, 2016
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Hyundai to launch world’s first fuel cell car sharing service in Germany
Hyundai Motor said Friday it will debut its car-sharing service -- based on its hydrogen fuel cell electric vehicle -- in Munich, Germany this summer, partnering with hydrogen fueling supplier Linde Group.It will be the world’s first car-sharing service based on hydrogen EV cars, the Korean automaker said. Hyundai’s Tucson ix35, its hydrogen fuel cell electric vehicle. (Yonhap)Under the brand name of BeeZero, Hyundai will deploy 50 Tucson ix35 vehicles. The vehicle can travel about 600 kilometer
MobilityApril 8, 2016
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Falling number of Korean cattle raises price worries
The number of Korean-bred cattle is continuing to fall, adding to speculation that the prices of prized local beef, known as hanwoo, will keep soaring, showed data released Friday.A total of 2.6 million head of hanwoo cattle were being raised on domestic farms in the first quarter, down 63,000, or 2.4 percent, from the same period last year, according to Statistics Korea.It marks a 3-percent decline from the previous quarter.The number of Korean cattle stood at 2.93 million in 2012 but fell to 2
April 8, 2016
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Korean stocks down 0.1% on profit-taking
Korean stocks shed 0.1 percent on Friday as institutional investors opted to lock in recent gains following overnight falls in Wall Street, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.84 points to close at 1,972.05. Trade volume was moderate at 395 million shares worth 4.33 trillion won ($3.75 billion), with losers outnumbering gainers 406 to 390.The market opened lower tracking the overnight slide in Wall Street,
April 8, 2016
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Park stresses job creation through 'creative economy'
President Park Geun-hye emphasized the need to foster a "creative economy" that can help churn out more jobs and address the biggest challenge facing Asia's fourth-largest economy. Park made the remark during her visits to two innovation centers in Cheongju, North Chungcheong Province and Jeonju, North Jeolla Province, the latest in a series of tours meant to boost local startups and small companies. South Korea set up 17 innovation centers across the country as part of its push for the esta
April 8, 2016
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Drive to attract global firms fades
A report on the attractiveness of six Asian locations as regional corporate headquarters showed Korea lags far behind. The study titled “Asia Pacific Regional Headquarters,” released by Cushman & Wakefield, a global real estate agency, on Friday, showed that Singapore remains the most attractive Asia-Pacific destination for multinational companies, followed by Hong Kong and Shanghai. (Cushman & Wakefield)The number of regional corporate head offices in Singapore, Hong Kong and Shanghai reached
IndustryApril 8, 2016
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[Photo News] President's visit to innovation center
PRESIDENT’S VISIT TO INNOVATION CENTER -- President Park Geun-hye (left) and LG Group chairman Koo Bon-moo look at products made by venture companies based at the Center for Creative Economy and Innovation in North Chungcheong Province, a start-up incubation center run by the conglomerate, on Friday. (Yonhap)
TechnologyApril 8, 2016
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[Photo News] KT, Nokia test compact base station
KT, NOKIA TEST COMPACT BASE STATON -- Executives and researchers from telecommunications firm KT and network equipment firm Nokia demonstrate a small cell base station based on the Long-Term Evolution-Wi-Fi aggregation technology for the first time in the world. The mobile network base station combines LTE and Wi-Fi signals to enable fast network communication in an efficient manner. (KT)
TechnologyApril 8, 2016
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Samsung SDS likely to see drop in Q1 earnings
Information technology solutions developer Samsung SDS, once considered as a key Samsung Group affiliate in the inheritance process of the conglomerate’s owner family, is struggling as it is expected to see a significant drop in earnings in the first quarter of this year. Some analysts speculated the recent struggles are largely because the hype over its role in the family inheritance has fizzled.Chung Yoo-sung, chief executive of Samsung SDS. (Samsung SDS)Its share price dropped to a record low
TechnologyApril 8, 2016
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[Newsmaker] Food industry to join Korea’s war on sugar
The South Korean food industry pledged Friday to actively partake in new government measures aimed at reducing citizens’ sugar consumption and promoting public health. Local food companies say they are already engaged in efforts to reduce sugar content in their products and will continue on this trajectory in line with rising health consciousness here and abroad. “The food industry will actively abide by the government’s new policy toward sugar reduction,” the Korea Food Industry Association sai
IndustryApril 8, 2016
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[Photo News] LG HQS brightens with G5
LG HQS BRIGHTENS WITH G5 -- LG Electronics said Friday it has begun the G5 Time event, in which it turns on the lights at the firm’s head office in Seoul to depict the name of its flagship smartphone G5. The light show will run from 9 p.m. through midnight daily for the next two months. (LGE)
TechnologyApril 8, 2016
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New rule on short selling sparks controversy
As Korean regulators plan to make institutional investors reveal which stocks they’re selling short, experts here had mixed views on the new rule. Some believe it will boost transparency of stock market by providing retail investors fresh information about the volume and velocity of negative bets placed against companies. But others say short selling’s benefits, including market liquidity and pricing efficiency, will be hampered. From the second half of this year, the Financial Services Commissi
April 8, 2016