Most Popular
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What is Hybe’s next move?
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Hopes rise for possible Gaza truce deal
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Seventeen shows who is the ‘Maestro’ of K-pop in greatest hits album
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Exports to US reach all-time high, widen gap with China
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Easier immigration for foreign investors
FSS to streamline ‘finance investor express card system’ in JulyFinancial Hub Korea, a unit of the Financial Supervisory Service, announced Sunday that the immigration process for foreign investors will be shortened, starting later this month.“The improved finance investor express card system will ensure a shorter and streamlined immigration process and a wider scope of entitlements and entry privileges for foreign financial investors,” the FSS said in a statement. “The system will come into eff
July 8, 2012
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Kumho Tires cuts 13,339 tons of emissions
Kumho Tires Co., reported Friday that it has gained official recognition for having reduced a total of 13,339 tons of greenhouse gas emissions for the past five years through replacing production facilities and renewable energies.The greenhouse gas reduction plan for the company, which was launched by Korea Energy Management Corp. in 2005, was devised in response to the United Nations Framework Convention on Climate Change. Kumho Tires, ever since becoming the first to participate in the greenho
July 6, 2012
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Korea, Taiwan begin talks on investment guarantee pact
Korea and Taiwan recently began talks for a Bilateral Investment Treaty, their first move toward economic cooperation since the two countries severed diplomatic ties 20 years ago.The two sides met on June 21 in Taiwan to exchange views on the treaty to guarantee investment in each other’s country at Taipei’s request, Korean Trade Ministry officials said Friday. Actual negotiations are slated to begin in October in Seoul. BITs grant investments made by an investor of one contracting state in the
July 6, 2012
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Korea, China to negotiate sensitive agricultural, industrial items separately
Reaching free trade agreement will be harder than expected, says Seoul’s negotiatorKorea and China have confirmed their basic positions on the bilateral free trade agreement, but have yet to reach an agreement on key issues such as the level of tariff concessions and the choice of sensitive and ultra-sensitive items. The two countries had earlier agreed to carry out the FTA negotiations in two stages, the first of which will be settling the sizes of baskets for general, sensitive and ultra-sensi
July 6, 2012
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Seoul shares open lower despite EU, China stimulus
South Korean stocks opened lower Friday, as investors were unmoved by the European and Chinese timulus measures taken overnight, analysts said.The Korea Composite Stock Price Index (KOSPI) dipped 4.31 oints, or 0.23 percent to 1,871.18 in the first 15 minutes of trading.Tech blue chips and financials drove the shares down, with arket behemoth Samsung Electronics losing 0.34 percent and No. 2 ender
July 6, 2012
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Samsung puts Q2 operating profit at record 6.7 tln won
South Korean tech giant Samsung Electronics Co. said Friday that it had probably posted a record operating profit in the second quarter on strong sales of its flagship Galaxy series smartphones.Samsung, the world's largest maker of memory chips and smartphones, estimated its operating profit at 6.7 trillion won($5.9 billion) for the April-June period, up 78.7 percent from a year earlier and 14.5 p
July 6, 2012
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Measures to support retiring baby boomers
The government vowed to offer new life opportunities to the baby boomer generation and encourage their participation in society by legislating measures aimed at supporting them in old age. Officials from nine ministries, including the Welfare Ministry and Labor Ministry, came up with 35 measures to help baby boomers stand on their own feet in their latter years, during a meeting on emergency economic measures hosted by President Lee Myung-bak on Thursday. The term refers to about 7.14 million ci
July 5, 2012
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Oil products lead Korea’s H1 exports
Refined petroleum products led South Korea’s exports in the first half of this year thanks to higher prices, accounting for 9.9 percent of all outbound shipments, a report showed Thursday.The report by the Korea Petroleum Association said exports of petroleum products totaled $27.28 billion in the January-June period, up 11.5 percent from a year earlier.“The gain is mainly due to a steep rise in crude oil prices that also marked up refined product costs,” the association said.The average price o
July 5, 2012
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Seoul shares end flat ahead of ECB meeting, Samsung earnings
South Korean stocks closed nearly flat on Thursday as investors refrained from trading ahead of the European Central Bank (ECB) policy rate meeting and Samsung Electronics' guidance release, analysts said. The local currency gained against the greenback.The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.04 points, or 0.06 percent, to 1,875.49. Trading volume was moderate at 318.4 milli
July 5, 2012
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Seoul shares open lower ahead of ECB meeting
South Korean stocks got off to a weak start on Thursday as investors stepped to the sidelines ahead of the European Central Bank's policy rate meeting, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) slipped 2.97 points, or 0.16 percent, to 1,871.48 in the first 15 minutes of trading.Major blue chips lost grounds with Hyundai Motor and Samsung Electronics falling 1.06 percent
July 5, 2012
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Refined petroleum products lead S. Korea's H1 exports
Refined petroleum products led South Korea's exports in the first half of this year thanks to higher prices, accounting for 9.9 percent of all outbound shipments, a report showed Thursday.The report by the Korea Petroleum Association (KPA) said exports of petroleum products totaled $27.28 billion in the January-June period, up, 11.5 percent from a year earlier."The gain is mainly due to a steep ri
July 5, 2012
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KT&G launches coffee RAISON
The nation’s largest tobacco maker KT&G Corp. added RAISON Cafe, its new hazelnut coffee-scented cigarette, to the lineup of RAISON.RAISON Cafe, which goes on sale Friday, contains 6.0 milligrams of tar and 0.6 milligram of nicotine. The tobacco maker’s first coffee-scented product delivers the rich scent of hazelnut coffee with ground coffee beans in the filter.“We spent four years of research and development coming up with a technology that can directly insert ground coffee beans into the filt
July 4, 2012
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Samsung regrets U.S. ruling on Galaxy Tab
Samsung Electronics Co., the world’s largest mobile phone maker, expressed disappointment Tuesday at a U.S. court’s rejection of its request to lift a ban on sales of its Galaxy Tab 10.1 tablets in America.The U.S. District Court of Northern California on Monday turned down Samsung’s request to delay a preliminary injunction against sales of its Galaxy Tab 10.1 devices in the U.S. market until it files an appeal.The court issued the injunction last week, accepting Apple Inc.’s claim that Samsung
July 4, 2012
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FTC puts another firm on watch list
Korea’s antitrust watchdog said Tuesday that it has placed one more company on its watch list that limits mutual investments and loan guarantees.The Fair Trade Commission said the number of corporate affiliates on the list stood at 1,851 of 63 business groups this month, up from 1,850 tallied in the previous month.Eight companies were newly added to the list as they were created or conglomerates bought stakes in other companies.Meanwhile, seven firms were removed from the list, the watchdog note
July 4, 2012
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Samsung keeps lead in U.S. mobile market
Korean tech giant Samsung Electronics Co. maintained the top spot in the U.S. mobile phone market, strengthening its supremacy as the world’s leading handset manufacturer, data showed Tuesday.The company’s market share in the United States came to 25.7 percent during the three-month average period ending in May, up 0.1 percentage point from three months earlier, according to U.S. analytics firm comScore Inc. The study surveyed around 30,000 smartphone and non-smartphone mobile subscribers aged 1
July 4, 2012
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Korea, China open 2nd round of FTA talks
Korea and China began their second round of free trade talks on Tuesday to discuss the scope of the deal and other issues, Seoul’s Trade Ministry said.During the three-day meeting on Korea’s southern island of Jeju, both sides will also discuss how to set up working groups on each segment, according to the ministry.In early May, the two countries announced the launch of formal free trade negotiations, expecting the talks to take two years.The neighboring countries earlier agreed that the talks o
July 4, 2012
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Seoul shares up 0.35 percent on stimulus hope
South Korean stocks closed 0.35 percent higher on Wednesday as speculations over stimulus measures continued to bolster investor sentiment, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) jumped 6.63 points to 1,874.45, gaining for a second straight session.Trading volume was moderate at 332.6 million shares worth 4.5 trillion
July 4, 2012
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University sues over early graduation
(MCT)A German university is suing a student for lost income because he finished his bachelors and masters degrees in only 20 months.The School of Economics and Management in Essen is asking the court to make former student Marcel Pohl, 22, pay an extra $3,772 after he obtained his degrees in only three semesters instead of the usual 11, The Local.de reported Tuesday."When I got the lawsuit, I thou
July 4, 2012
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IMF says S. Korea has limited room to cut key rate
South Korea's central bank has limited leeway to cut its key interest rate as Asia's fourth-largest economy remains dogged by high inflation expectations, the International Monetary Fund said Wednesday.The IMF said in a report that given sluggish growth, high unemployment and downside risks, more monetary easing should be considered for some advanced economies, with the possible exception of Canad
July 4, 2012
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Seoul shares open higher on U.S. gains
South Korean stocks got off to a strong start on Wednesday, boosted by overnight gains on Wall Street, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) jumped 10.5 points, or 0.56 percent, to 1,878.32 in the first 15 minutes of trading.Foreign investors continued to scoop up shares, and are set to become net buyers for the third straight session. Retail investors, however, opt
July 4, 2012