Articles by 박윤아
박윤아
-
Iam Ventures acquires LIS stocks worth W3b
[THE INVESTOR] LIS (138690) said on Aug. 10 that HC Asset Management has transferred 2 million of its stocks to Iam Ventures, worth 30 billion won (US$27 million) in total.(theinvestor@heraldcorp.com)
Aug. 10, 2016
-
Fewer people change jobs amid economic slowdown
[THE INVESTOR] The number of workers who voluntarily left jobs for new opportunities decreased in the first half amid the economic slowdown, industry data showed on Aug 10. The number of Koreans who remain unemployed after leaving their previous jobs three months earlier fell 221,200 in the January-June period from a year ago, according to the Korea Labor Institute. The labor institute attributed the drop in employees changing workplaces to the tight job market as Asia’s fourth-largest economy r
Aug. 10, 2016
-
Medipost obtains US patent for nerve injury treatment
[DISCLOSURE] Medipost (078160) announced on Aug. 10 that it has obtained a US patent for administering mesenchymal stem cells derived from umbilical cord blood to treat nerve injuries. The company said the treatment can be used for curing a number of diseases such as stroke, Alzheimer’s and Lou Gehrig’s disease.
Aug. 10, 2016
-
FSC chief rules out aid for Hanjin Shipping
[THE INVESTOR] South Korea’s top financial regulator said on Aug. 10 that Hanjin Shipping, which is reeling from huge debts, will not be given financial aid and has to stand on its own feet or face court receivership.“Hanjin Shipping is in talks over ship mortgage loans with 34 financial institutions” in addition to charter rate negotiations and private debt rescheduling efforts, Yim Jong-yong, chairman of the Financial Services Commission, said in a monthly press briefing.The government will le
Aug. 10, 2016
-
Korea's tax revenue up by W20tr in H1
[THE INVESTOR] South Korea’s tax revenue increased by nearly 20 trillion won (US$18.20 billion) in the first six months of the year, the government said on Aug. 10.In the January-June period, the government collected 125.6 trillion won, up from 106.6 trillion won tallied over the same period last year, according to the Ministry of Strategy and Finance.The six-month tally represents 56.3 percent of the government’s annual target of 222.9 trillion won.Corporate tax gained 5.9 trillion won from a y
Aug. 10, 2016
-
Korea’s jobless rate at 3.5% in July
[THE INVESTOR] South Korea’s jobless rate dropped to 3.5 percent in July, a government report showed Aug. 10.The unemployment rate last month compares to 3.6 percent tallied in June, according to Statistics Korea.The number of employed people stood at 26.6 million in July, up 298,000 from a year earlier, with the monthly gain contracting from the previous month’s 354,000.The unemployment rate for young people, aged between 15 and 29, reached 9.2 percent last month, down from June’s 10.3 percent.
Aug. 10, 2016
-
BMW to recall nearly 12,000 cars in Korea
[THE INVESTOR] BMW Korea will recall 11,968 cars sold here after a defect was found in their baby seat latch, the Transportation Ministry said Wednesday.According to the Ministry of Land, Infrastructure and Transport, the cars’ ISOFIX baby seat latch may break under repeated stress and thus become unable to hold the baby seat safely in place.BMW X3The recall affects 11 models, including X3 and xDrive20i, produced between Nov. 19, 2010 and April 15, 2016. Owners of the cars can get their vehicle
Aug. 10, 2016
-
Rising consumption offset by declining exports: report
[THE INVESTOR] An apparent uptick in private consumption was offset by a slump in exports and industrial production, a government report said on Aug. 9.“The economy has been experiencing improved domestic demand led by rising consumption, but the production front has remained in the doldrums due to faltering exports,” the Finance Ministry said in its monthly economy assessment report called the “Green Book.”The latest data demonstrated that consumption and production have been moving in the oppo
Aug. 9, 2016
-
FSS launches financial information portal
[THE INVESTOR] South Korea’s financial watchdog on Aug. 9 said it will launch a new far-reaching financial information service next month.“The Financial Information Network(http://fine.fss.or.kr), will offer financial consumers various kinds of useful information, which is necessary in making financial transactions,” the Financial Supervisory Service said.The portal is scheduled to open Sept. 1, it added.The FSS and some public and private financial groups have already provided finance-related i
Aug. 9, 2016
-
Car exports shrink for 9th consecutive month
[THE INVESTOR] Automobile exports from South Korea fell for the ninth month in a row in July, the government said on Aug. 9.Outbound shipments of vehicles came to 219,982 units last month, down 16.9 percent from 258,536 units tallied a year earlier, according to the Ministry of Trade, Industry and Energy.The July figure widened from a 13.9 percent on-year drop in June and a 12.4 percent fall in May. The figure was 19.7 percent in April, the largest decline since September 2009, when it plunged 2
Aug. 9, 2016
-
Test bed for self-driving cars launched in Korea
[THE INVESTOR] South Korea has launched its project to develop a new test bed for self-driving cars that will also include the development of new technologies to test autonomous cars, the government said on Aug. 9.The new test bed, called the K-city, will be built around the Korea Transportation Safety Authority’s existing proving ground in Hwaseong, Gyeonggi Province, according to the Ministry of Land, Infrastructure and Transport. Hyundai Motor's self-driving Genesis sedanA ceremony marking th
Aug. 9, 2016
-
Sales of processed food boosted by Olympics
[THE INVESTOR] Sales of processed foods, health tonics and other related products in South Korea have jumped amid the Olympic craze, industry data showed on Aug. 9.Due to the 12-hour time difference between South Korea and Brazil, plays of South Korean athletes are largely broadcast in late-night or early-morning hours, so handy processed foods or heath tonics that help relieve fatigue have become popular among sports fans.According to South Korea’s largest open market website Gmarket, sales of
Aug. 9, 2016
-
Order backlog of Korean shipbuilders falls in July
[THE INVESTOR] The order backlog held by South Korea’s top three shipbuilders has dropped to the lowest level in almost 13 years in July, data showed on Aug. 9.According to the data compiled by global research firm Clarkson Research Services, the combined order backlog by Hyundai Heavy Industries, and two other local rivals stood at 23.87 million compensated gross tons as of end-July, the lowest since November 2003 when the comparable figure was 23.51 million CGTs.Chinese shipyards held a combin
Aug. 9, 2016
-
MMF’s net value tops W130tr in Korean market
[THE INVESTOR] The net asset value of money market funds in South Korea has exceeded 130 trillion won (US$117 billion) for the first time, data showed on Aug. 9.MMFs are short-term debt securities such as Treasury bills and commercial papers, considered as safe as bank deposits but with a relatively quick and high return.Their growing popularity here reflects an increase in “floating” capital amid unrelenting economic uncertainties at home and abroad.Some investors are also seen as withdrawing m
Aug. 9, 2016
-
Retail sales surge on heat wave
[THE INVESTOR] A prolonged heat wave in South Korea is boosting sales of local retailers, cafes, hotels and theaters, industry sources said on Aug. 9.The entire country has been hit by the scorching weather for the past two weeks, with daytime highs soaring above 35 degrees Celsius in Seoul and most other regions and the mercury staying above 25 degrees Celsius even at night.According to Lotte Department Store, its same-store sales climbed 4.1 percent between July 25 and Aug. 7 from the correspo
Aug. 9, 2016
Most Popular
-
1
40 flights canceled on Jeju Island due to bad weather
-
2
Korean labor force to shrink by 10 million by 2044: report
-
3
Pandemic left Korea more depressed than before: report
-
4
[AtoZ Korean Mind] Does your job define who you are? Should it?
-
5
Allegations surrounding BTS resurface, enraged fans demand apology
-
6
Students with history of violence will be barred from becoming teachers
-
7
Samsung mocks Apple over iPhone alarm glitch
-
8
Medical feud leaves hospitals in financial crisis
-
9
Govt. asks hospitals to mitigate impact of medical professors' absence
-
10
Chip up cycle won’t stay long: SK chief