Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Korean firms cautious over Fed hike
In contrast to the central bank’s upbeat forecast of the U.S. rate hike on the Korean economy, the business circles here remained cautious on Thursday, devising ways to minimize the impact in the mid and long term. (Yonhap)The impact of the U.S. Fed hike -- the first in nearly a decade -- will not be felt right away, market watchers said, as the South Korean central bank is keeping its key interest rate at a record low level. However, many Korean companies are concerned about its global impact,
IndustryDec. 17, 2015
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'Home’ will drive 2016 consumer trends: survey
Pressed for time and short on money amid an economic downturn, South Koreans today tend to seek sanctuary from the hustle and bustle of daily life at home -- a place of comfort where one can unwind and rest freely. As Koreans increasingly feel busy, anxious and short of money to spare, many are likely to spend more time at home next year, according to the 2016 Korea Trend Report by market researcher Macromill Embrain. “Home” is thus a key concept that will shape and drive consumption patterns ne
IndustryDec. 17, 2015
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SUPPLY TO THAILAND
Golfzon CEO Jang Sung-won (right) shakes hands with Sikorn Cheeranavanit, CEO of Chunbok Co., a Thai tech company, after signing a contract to supply 100 golf simulators to Thailand at a ceremony in Bangkok on Wednesday. Golfzon
IndustryDec. 17, 2015
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Samsung Securities launches convenient investment service
Samsung Securities is offering the “POP Fund Selection” -- annuity equity balanced-fund of funds -- a re-indirect fund for more convenient investment opportunities, company officials said.The officials said POP Fund Selection is run by Shinhan BNPP in accordance with Samsung Securities’ asset portfolio strategy. The fund analyzes promising investments based on research forecasts, incorporates appropriate domestic funds and invests money into them. A model advertises Samsung Securities’ annuity s
IndustryDec. 17, 2015
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LG OLED TV to shine in Super Bowl
Tech behemoth LG Electronics said Thursday it would run its first TV marketing campaign during the 2016 Super Bowl to be held in Santa Clara, California, in February next year.The Seoul-based tech giant has joined hands with movie director Ridley Scott’s production company RSA Films to produce the TV commercial to promote the firm’s organic light-emitting diode TV technology. Film directors Ridley Scott and Jake Scott pose at a production studio for LG Electronics` Super Bowl commercial. (LGE)So
TechnologyDec. 17, 2015
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SK Telecom rolls out new mobile plan for foreigners
Targeting the growing number of foreign residents in Korea, wireless carrier SK Telecom launched a new mobile plan for foreigners Thursday.SKT’s new mobile scheme, dubbed the Band Data Global Pack, allows foreign subscribers to make unlimited domestic calls to both mobile and landline phones as well as free international calls -- for either 150 minutes or 400 minutes -- with mobile apps for international calling, including SK Freecall, OTO and NINHAO. An SK Telecom employee and a foreign custom
TechnologyDec. 17, 2015
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Gyeonggi Center for Creative Economy & Innovation actively supporting startups ⑤ NexSys
NexSys specializes in IoT-based wearable devices, and based on the potential of its LTE-based image solution technology, the young company was chosen to join the startup incubation program at the Gyeonggi Center for Creative Economy & Innovation last October.The first product launched by NexSys is the “Smart Helmet,” which is a helmet equipped with an HD camera on the front that transmits image data via the LTE network. The transmitted image is then analyzed by a control center and stored on a s
TechnologyDec. 17, 2015
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Seoul shares up 0.3% in late-morning trade
South Korean stocks rose 0.31 percent late Thursday morning after the U.S. Fed's rate hike drove out uncertainties hanging over the market, analysts said. The benchmark Korea Composite Stock Price Index added 6.05 points to 1,975.95, as of 11:20 a.m. Local shares started 0.87 percent higher, cheering the rate hike by the long-anticipated level of a quarter point to 0.25-0.50 percent and the subsequent overnight rally on Wall Street. But the index pared part of its earlier gains, as foreigners
Dec. 17, 2015
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U.S. rate hike poses little immediate danger: BOK chief
South Korea's top central banker said Thursday the U.S. rate hike poses little to no immediate danger for the local economy, maintaining that the rate hike had long been anticipated and accounted for. The Bank of Korea governor said the country should rather watch out for possible changes in global oil prices and the Chinese economy, both blamed for a prolonged downturn in South Korean exports. "We have long anticipated a U.S. rate hike, as the U.S. had strongly suggested that it would raise i
Dec. 17, 2015
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Corporate sales continue to shrink in Q3
Revenues by South Korean companies continued to dwindle in the third quarter partly due to weak exports, but the rate of the decline slowed while the firms' overall financial stability improved on better profitability, central bank data showed Thursday. In the three months ended Sept. 30, sales of South Korean firms slipped 1.6 percent from the same period last year, decelerating from a 4.3 percent on-year drop in the previous quarter, according to the Bank of Korea. Sales of large companies d
Dec. 17, 2015
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[Photo News] Asiana chief delivers lecture for teens
Asiana Airlines CEO Kim Soo-cheon (center) poses after delivering a lecture for teens about the importance of pursuing dreams before searching for their career path at the annual Asiana Dream Festival, jointly organized by the air carrier and Seoul Cultural Foundation on Tuesday in Seoul. (Asiana Airlines)
IndustryDec. 17, 2015
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[Photo News] Ssangyong wins Dubai project
Ssangyong Engineering & Construction Co., a South Korean builder, said Wednesday it has clinched $1.6 billion worth of orders to construct a luxury hotel, as well as apartment and office buildings, in Dubai. An artist‘s rendering shows the 47-story hotel named Dubai Royal Atlantis. (Ssangyong E&C)
IndustryDec. 17, 2015
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Seoul shares start higher on Fed rate hike
South Korean stocks cheered on Thursday the U.S. Federal Reserve's decision to raise interest rates by a quarter point for the first time in an almost decade. The benchmark Korea Composite Stock Price Index added 17.14 points, or 0.87 percent, to 1,986.54 in the first 15 minutes of trading. Hours before the local market opening, the Fed raised the target rate for the federal fund rates from 0-0.25 percent, to 0.25-0.50 percent in a show of confidence in its economic conditions. It is the first
Dec. 17, 2015
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U.S. rate hike to have little impact on Korea: official
The U.S. Federal Reserve's decision to raise its interest rates for the first time in nine years will have little impact on South Korea, a senior government official said Thursday.Chairing a macroeconomic and financial policy meeting in Seoul, Vice Finance Minister Joo Hyung-hwan said the decision to raise rates by 0.25 percentage point was roughly in line with market expectations.The Federal Open Market Committee moved to raise the target range of the federal fund rate from 0 to 0.25 percent, t
Dec. 17, 2015
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Gray areas hinder medical tech innovation
After losing his father to a stroke and watching two uncles give up on expensive treatment for the same thing, engineer Ban Ho-young sought to create a disruptive technology that would make rehabilitation easy and affordable for any patient.He and cofounder Choi Young launched Neofect to create a smart rehabilitation glove that helps doctors analyze patients’ progress while keeping stroke patients motivated by helping them regain their arm and hand skills through activity games. After four years
TechnologyDec. 17, 2015
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[Photo News] LG unveils new monitor lineup
SAMSUNG RECOGNIZED FOR EXCELLENCE IN DESIGN -- Samsung Electronics said Wednesday its high-end SUHD TV 82S9W lineup has won the highest presidential award at the Good Design Selection 2015, a design award in Korea. The tech firm’s eight other products got awards, including the Chef Collection fridge RV8000, and the smart UX apps and widgets for the Galaxy S6 Edge Avengers Special Edition. (Samsung)
TechnologyDec. 16, 2015
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[Photo News] Samsung sweeps design awards
SAMSUNG RECOGNIZED FOR EXCELLENCE IN DESIGN -- Samsung Electronics said Wednesday its high-end SUHD TV 82S9W lineup has won the highest presidential award at the Good Design Selection 2015, a design award in Korea. The tech firm’s eight other products got awards, including the Chef Collection fridge RV8000, and the smart UX apps and widgets for the Galaxy S6 Edge Avengers Special Edition. (Samsung) SAMSUNG RECOGNIZED FOR EXCELLENCE IN DESIGN -- Samsung Electronics said Wednesday its high-end SUH
TechnologyDec. 16, 2015
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Leading academic in battery sector visits Samsung SDI
Tony Seba, a lecturer in entrepreneurship at Stanford University, paid a visit to the battery manufacturing campus of Samsung SDI in Cheonan, South Chungcheong Province on Tuesday.The Stanford University lecturer who teaches entrepreneurship, disruption and clean energy is also the author of “Clean Disruption of Energy and Transportation,” in which he claims that electric cars coupled with the advancement of energy technology will cause a paradigm shift in the automotive sector. Tony Seba, a lec
TechnologyDec. 16, 2015
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KakaoTaxi draws 50m requests
Mobile messenger Kakao has made strides in its taxi-hailing business as the number of requests for KakaoTaxi crossed 50 million as of Sunday, the firm said Wednesday. Demand for the taxi-hailing app has boomed since its launch in March, seeing 1 million ride requests in less than two months. The number of taxis registered for the KakaoTaxi service has also been on the rise, with more than 190,000, or around 70 percent of all taxis nationwide, now partnering with Kakao.(KakaoTaxi) “Even though
TechnologyDec. 16, 2015
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LG Chem gains upper hand in lithium battery race
Battery-maker LG Chem said Wednesday that it has inked a deal with the world’s largest energy storage system company AES Energy to supply its lithium-ion battery modules. The ESS is considered a lucrative business and the battery units of Samsung and LG groups are fiercely seeking to gain an upper hand in the global market. LG Chem’s battery module for the energy storage system. (LG Chem)LG’s latest supply deal is the biggest of its kind in terms of its scale. The maximum battery capacity, accor
TechnologyDec. 16, 2015