Articles by 박윤아
박윤아
-
Gov’t to inject W6tr to stimulate economy
[THE INVESTOR] The government will pour 6 trillion won (US$5.20 billion) into a supplementary budget to revitalize the economy amid faltering exports and sluggish domestic demand, the Finance Ministry said on July 14.Last month, the government announced a set of stimulus programs, including 10 billion won in extra budget for the second half of this year, citing rising uncertainties at home and abroad.South Korea’s exports posted negative growth for a record 18 straight months as fast-falling oil
July 14, 2016
-
Samsung smartband tops U.S. consumer study
[THE INVESTOR] Samsung Electronics has topped a US quality test for the fitness smartband segment, industry watchers said July 13.Samsung attained the highest consumer satisfaction ratings for a fitness smartband, according to the research conducted by industry tracker J.D. Power and Associates,The rating is based on performance, reliability, features, price, ease of operation, style and warranty. Out of a 1,000 point scale, the South Korean tech giant scored 859. US-based Garmin followed with 8
July 13, 2016
-
Samsung Heavy workers stage sit-in protest
[THE INVESTOR] A group of workers of Samsung Heavy Industries staged a sit-in protest on July 13 at Samsung Groups’s headquarters in downtown Seoul, demanding that the management’s restructuring drive be called off. Their protest, the second of its kind in less than one month, came as the shipbuilder, one of the country’s big three shipyards, is seeking to launch a large-scale restructuring move in the face of a fall in new shipbuilding orders and worsening financial status.Earlier, a majority o
July 13, 2016
-
Service industry not yet fruitful for conglomerates
[THE INVESTOR] Although service businesses make up a big part of South Korea’s leading conglomerates, they are not delivering enough profits, according to analysis results on July 13.The analysis by corporate tracker CEO Score compared the business performances and new employment of service-related affiliates of the 30 top conglomerates from 2010 to 2015. Results showed that in 2015, 66 percent of the conglomerates’ subsidiaries were engaged in service-related business with 43 percent of the emp
July 13, 2016
-
Retailers Q3 confidence drops in Korea
[THE INVESTOR] Korean retailers’ business sentiment will stay low in the third quarter as many expect a continued slump for all related businesses except for e-commerce, a survey showed on July 13.The Korean Chamber of Commerce and Industry said its retail business survey index stood at 96 for the third quarter of the year, down from the 98 recorded a quarter earlier.It‘s based on a poll of 941 retail businesses in Seoul and six other major cities nationwide. A reading below 100 means that pessi
July 13, 2016
-
Gov’t driving economic expansion: KDI
[THE INVESTOR] The government is increasingly becoming the main driver of Korea’s economy by contributing to one-third of growth last year, surpassing the private sector, a think tank said on July 13. South Korea’s economy expanded 2.6 percent last year, with the government contributing 0.8 percent, according to the Korea Development Institute. State spending helped with 0.5 percent and government investment contributed 0.3 percent. Without such contribution, the country’s economic growth last y
July 13, 2016
-
Distribution industry’s dependence on China rises
[THE INVESTOR] Korea’s distribution industry heavily relies on China for its profits making it vulnerable to even political and social issues, statistics showed July 13. For Lotte Duty Free stores in Seoul, Chinese tourists accounted for 78 percent of its total sales for the January-June period this year, setting a new record. For all stores, 70 percent of the sales during the period were owed to Chinese shoppers, up from 59 percent in 2014 and 62 percent in 2015.Likewise, Chinese consumers acco
July 13, 2016
-
S. Korea to be more active in EBRD projects
[THE INVESTOR] South Korea and the European Bank for Reconstruction and Development reached an agreement on July 12 to help domestic companies participate in more infrastructure construction projects in Eastern Europe, the Finance Ministry here said.Finance Minister Yoo Il-ho had a meeting with EBRD president Suma Chakrabarti in Seoul to discuss ways to bolster economic cooperation between South Korea and the EBRD, according to the ministry.Finance Minister Yoo Il-ho(right) and EBRD president Su
July 12, 2016
-
Park’s Mongolia trip to bolster trade, biz cooperation: Cheong Wa Dae
[THE INVESTOR] President Park Geun-hye’s visit to Mongolia this week will strengthen bilateral trade, investment and cooperation in health care, culture, infrastructure development, renewable energy and other areas, Cheong Wa Dae said on July 12.Park will embark on a five-day trip to the Mongolian capital of Ulaanbaatar on July 14 to attend the Asia-Europe Meeting summit and hold bilateral talks with her Mongolian counterpart Tsakhia Elbegdorj.Kang Seog-hoon, the president’s senior secretary for
July 12, 2016
-
Gov’t to decide relocation site for Daegu airport
[THE INVESTOR] The government will decided on a relocation site for Daegu airport in the next couple of months, a source said on July 12.The relocation project has been put on a fast track after President Park Geun-hye called on her government July 11 to forge ahead with the move.The project has been long cherished by residents in Daegu, some 302 kilometers south of Seoul. The residents have complained of aircraft noise, development restrictions and other issues associated with the airport and m
July 12, 2016
-
SK hynix to announce Q2 earnings on July 26
[THE INVESTOR] SK hynix, South Korea’s second largest chipmaker, said on July 12 that it will announce its earnings for the April-June period on July 26.The company will also hold a conference call for investors on the same day to discuss its business portfolio and forecast for the latter half of this year.Due to tumbling prices of DRAM over the past couple years, the SK Group affiliate is expected to post around 450 billion won (US$392.01 million) in operating profit, down 67 percent from the s
July 12, 2016
-
Samsung’s future tech centers on AI, IoT
[THE INVESTOR] Samsung Group will focus on artificial intelligence and the Internet of Things for its future technology, the company said on July 12. Among 32 research projects led by the group between 2014 and 2016 which are aimed at accelerating technology innovation, six were related to AI, Korea’s top conglomerate added. The move comes amid heightened public interest in AI following the high-profile matches between Google’s AI program AlphaGo and South Korean Go champ Lee Se-dol earlier this
July 12, 2016
-
Korea’s inbound tourism bounces back in H1
[THE INVESTOR] Inbound tourism in Korea bounced back in the first half this year from a temporary slump in 2015 in the wake of the Middle East respiratory syndrome outbreak, the state-run tourism agency said on July 11. About 8.1 million foreigners visited South Korea in the first six months this year, surging 21 percent from a year earlier, according to the Korea Tourism Organization.The tourism sector was hit hard last year by MERS since the first case was discovered in May 2015, with the numb
July 12, 2016
-
Savings banks’ loans jump in Q1
[THE INVESTOR] Loans of savings banks reached a four year-high in the first quarter, on the back of increase in number of low-credit borrowers, a savings banks’ association said on July 11.In the January-March period, the number of people who took loans from savings banks jumped 7.41 percent, or 112,886 borrowers, to 1.63 million from 1.52 million a quarter earlier, according to data from the Korea Federation of Savings Banks. It was the biggest on-quarter jump since the first quarter of 2012 wh
July 11, 2016
-
Major banks post 11% jump in H1 profits
[THE INVESTOR] Korea’s four leading banks likely posted an 11 percent on-year jump in their first-half net profits following their efforts to scale up the nonbanking sector and less exposure to debt-ridden companies, industry sources said on July 11. The four lenders -- Shinhan Financial Group, KB Financial Group, Hana Financial Group and Woori Bank -- reported 3.9 trillion won (US$3.4 billion) in combined net profit for the January-June period, up from 3.5 trillion won a year earlier, according
July 11, 2016
Most Popular
-
1
Tensions heighten ahead of first president-opposition chief meeting
-
2
Seoul to provide housing subsidy to married couples with newborns
-
3
[KH Explains] No more 'Michael' at Kakao Games
-
4
Rapper jailed after public street fight with another rapper
-
5
Woman gets suspended term for injuring boyfriend with knife
-
6
Samsung chief bolsters ties with Germany’s Zeiss
-
7
Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
-
8
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
9
Med schools expect 1,500+ new admission slots next year
-
10
KT launches new mobile plans for foreign residents