The Korea Herald

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LATEST NEWS

Unified Korean team wins mixed doubles ping pong title
Korea Railroad to reinstate fired workers after decade-long dispute
S. Korean foreign minister vows to see NK denuclearization through
US presses China and Russia to enforce sanctions on North Korea
Trump signs NK human rights act into law
Management, labor of Hyundai Motor agree to wage deal
President Moon vows independence for spy agency
Unified Korean men's doubles team loses in semis, takes bronze
Unified ping-pong team heads into mixed doubles final
[Newsmaker] YouTube, Facebook dominate Korea’s video ad market: report

Oct 29, 2016 미분류

[EQUITIES] ‘Naver shares to slow down but maintain growth’

[THE INVESTOR] Hanwha Investment & Securities on Oct. 28 forecast Naver’s rising share price will experience a brief slowdown, but will maintain strong growth on the back of steady earnings in the fourth quarter. The local brokerage predicted Naver’s fourth-quarter operating profit will jump 52 percent on-year to 309 billion won (US$269.69 million), while revenue will rise 22 percent to 1.08 trillion won. Naver's new CEO Hahn Seong-sook“With the launch of new shopping ads next month, sales of mo

KT’s Q3 operating profit increases 17%

[THE INVESTOR] South Korean network operator KT said in a preliminary regulatory filing that its operating profit in the third quarter was 401.6 billion won ($350.66 million), up 17 percent from a year earlier. Its revenue came in at 5.53 trillion won, up 0.7 percent compared to the July-September period last year.By breakdown, the firm’s wireless network business saw its revenue increase 2.2 percent during the third quarter to 1.88 trillion won while its landline network segment, which embraces

Oct 29, 2016
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NCSOFT unveils new mobile game ‘Lineage Red Knights'

[THE INVESTOR] South Korean game developer NCSOFT unveiled its new mobile game “Lineage Red Knights” in Seoul on Thursday, announcing plans to officially launch the game in 12 countries on Dec. 8.　　The mobile game is based on “Lineage,” a pioneering multiplayer online role-playing game introduced in 1998 that rocketed NCSOFT to become one of Korea’s biggest game developers.　　NCSOFT plans to launch its new mobile RPG in 12 countries, including Korea, Taiwan and parts of Southeast Asia, on Dec. 8,

Oct 27, 2016
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Naver’s Q3 revenue breaks W1tr mark

[THE INVESTOR] South Korean internet giant Naver on Thursday reported that its third-quarter revenue surged 20.5 percent on-year to reach 1.01 trillion won ($890 million), led by growing sales from its overseas and mobile businesses. 　It is the first time ever that Naver’s quarterly earnings have surpassed 1 trillion won, the company said in a regulatory filing. In the July-September period, Naver’s operating profit surged 27.6 percent from a year earlier to 282.3 billion won. Its consolidated n

Oct 28, 2016
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Naver maintains 30% dividend payout ratio

[THE INVESTOR] Naver, South Korea’s top internet portal operator, will continue to maintain a dividend payout ratio of 30 percent, the company said on Oct. 27. “Since 2009, we have been giving 30 percent of net income to shareholders and we will continue to do so,” Naver said during a conference call to discuss its third-quarter financial and operating results. It also added that the company has no plan to retire its treasury stocks. The company's net profit surged 69.5 percent from a year earli

Oct 28, 2016
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SK Telecom’s Q3 earnings down 13% to W424b

[DISCLOSURE] SK Telecom (017670) reported on Oct. 27 that its operating profit in the third quarter fell 13.52 percent to 424.3 billion won (US$372.52 million) on-year.Its revenue slipped 0.41 percent to 4.24 trillion won and net profit decreased 15.63 percent to 322.11 billion won from the same period last year.(theinvestor@heraldcorp.com)

Oct 27, 2016
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[URGENT] Naver’s Q3 operating profit up 27.6% to W282b

[DISCLOSURE] Naver (035420) reported on Oct. 27 that its operating profit in the third quarter rose 27.6 percent to 282.3 billion won (US$247.85 million) on-year.Its revenue increased 20.5 percent to 1.13 trillion won and net profit surged 69.5 percent to 198 billion won from the same period last year. (theinvestor@heraldcorp.com)

Oct 27, 2016
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After failed merger, CJ HelloVision still seeks M&A for growth

[THE INVESTOR] The chief executive of South Korea’s No. 1 cable TV network operator CJ HelloVision said on Oct. 25 that the company would try to seek business growth via new mergers and acquisitions.The company’s stock price has tumbled in recent months after its failed merger attempt with SK Broadband, a subsidiary of mobile network operator SK Telecom. On July 4, the nation’s antitrust watchdog disapproved the deal citing monopoly concerns of the merged entity. Since then, its shares have suff

Oct 26, 2016
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Low-cost, hassle-free unlocked phone market growing in Korea

[THE INVESTOR] A growing number of Korean consumers are opting for unlocked smartphones due to their low cost and hassle-free appeal, according to industry data Monday. 　An unlocked smartphone is a phone not tied to a specific telecom operator, meaning users are not bound by a contract -- commonly two or three years here -- with a carrier. 　The downsides are not being able to benefit from various subsidies offered by the carrier and possible limitations in the scope of after-sales service.　Accor

Oct 24, 2016
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Yello Digital Marketing secures US$15m investment from Partners For Growth

[THE INVESTOR] Yello Digital Marketing, the digital marketing unit local mobile app aggregator Yello Mobile, on Oct. 24 said it has received US$15 million investment from Partners For Growth, the private equity arm of US-based SVB Financial Group. With the secured funds, Yello Digital Marketing said it plans to invest in purchasing shares of its affiliates to consolidate control within the group. “Through this investment, we have received high marks on our business model, which combines various

Oct 25, 2016
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Apple iPhone sales double in Korea

[THE INVESTOR] Apple’s latest iPhone 7 is seeing its Korean sales almost double compared to its predecessor amid the absence of its key rival Samsung Galaxy Note 7 whose sales have been suspended due to safety concerns. Four days after its official launch here on Oct. 21, the newest iPhone is estimated to have sold more than 200,000 units. Industry watchers predict the sale figure could hit the 300,000 mark within the month. “The supply situation is much better compared to that of its predecesso

Oct 25, 2016
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Seoul to host int’l ICT conference

[THE INVESTOR] South Korea will host an international information, communications and technology conference this week, the Science Ministry said Oct. 24.The ICT Prospect Conference 2017, hosted by the ministry, will be held in Seoul on Oct 25-26, officials said. The country has been pushing forward with various projects to secure a new growth strategy to cope with the fast-paced industrial transformation, dubbed the “fourth industrial revolution” and characterized by a fusion of cutting-edge te

Oct 25, 2016
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Naver chairman vows to stack up against Facebook, Google

[THE INVESTOR] Outgoing Naver Chairman Lee Hae-jin said on Oct. 24 that the Korean firm would find new growth engines to win the battle with global internet giants such as Google and Facebook.“In order to compete with Google and Facebook in the borderless internet realm, gaining (core) technology is vital. (Naver) will actively invest in decent technology and promising startups,” said Lee, at the firm’s developer conference in Seoul, dubbed Deview 2016. Outgoing Naver Chairmna Lee Hae-jinHe also

Oct 25, 2016
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Chinese smartphones snatch market share from Samsung, Apple

[THE INVESTOR] Chinese smartphone makers saw their market share increase in the August-September period, while Samsung Electronics and Apple appear to be losing steam.Recent data compiled by global market researcher Trendforce showed that the market share of Samsung and Apple in the third quarter dropped 2 percentage points and 2.1 percentage points, respectively, to 22.3 percent and 12.9 percent, compared to the second quarter of this year. Samsung and Apple took the top two spots in the global

Oct 22, 2016
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Apple iPhone 7 arrives in Korea in absence of Samsung Galaxy Note 7

[THE INVESTOR] Sales of Apple’s iPhone 7 and iPhone 7 Plus began in South Korea on Friday, amid high expectations that the US tech giant might reap more success here in the absence of Samsung Electronics’ Galaxy Note 7. 　Apple officially launched its latest iPhone series through Korea’s three major mobile carriers SK Telecom, KT and LG Uplus as well as local Apple retailer Frisbee, with sales starting from 8 a.m. on Friday. Korea has long been a tough market for Apple, as Samsung has maintained

Oct 22, 2016
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The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
Tel : 02.727.0114