Articles by 박윤아
박윤아
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Doosan Bobcat applies for Korea listing
[THE INVESTOR] Doosan Bobcat, the construction equipment affiliate of Doosan Group, has applied for preliminary approval for its initial public offering planned for later this year, the country’s main bourse said on July 5.The firm, which operates 31 subsidiaries in 20 countries, is 78.4 percent-owned by Doosan Infracore and Doosan Engine. It is a leading player in the small-sized construction machinery sector in the United States and Europe, the main exchange said in a statement.Doosan Infracor
July 5, 2016
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KOSDAQ opens higher at 690.11 up 1.96 points on July 5
[THE INVESTOR] KOSDAQ opened higher at 690.11 up 1.96 points on July 5.
July 5, 2016
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KOSPI opens higher at 1,995.69 up 0.39 points on July 5
[THE INVESTOR] KOSPI opened higher at 1,995.69 up 0.39 points on July 5.
July 5, 2016
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PM Hwang rules out corporate tax hike
[THE IBVESTOR] Prime Minister Hwang Kyo-ahn said on July 4 that the government will avoid tax hikes that may burden the people and businesses, amid calls by the opposition parties to raise corporate taxes. “Increasing taxes will emerge as a burden for the people and should be the last thing the government should consider,” Hwang said during his parliamentary interpellation session. He stressed that Seoul has no plans to raise corporate and income tax for the time being.“Rather than increasing ta
July 4, 2016
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Mobile shopping hits record W2.7tr in May
[THE INVESTOR] Mobile shopping in Korea soared 41.7 percent to a record high of 2.697 trillion won (US$2.4 billion) in May from a year earlier, according to a government report on July 4.“Purchases on mobile devices jumped last month due to convenience, competitive prices and a bigger range of products. And the trend is set to strengthen over time,” an official from Statistics Korea.Mobile shopping accounted for 52.1 percent of the country’s overall online shopping sales worth 5.178 trillion won
July 4, 2016
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HMM to expand Middle East-Asia route
THE INVESTOR] Hyundai Merchant Marine on July 4 said it will expand its routes linking the Middle East and the Asian region, as part of efforts to capitalize on a surge in shipping demand following the lifting of sanctions on Iran.Korea’s No. 2 shipping line said it will mobilize a total of 12 container ships on two separate shipping routes.So far, it has been operating just one route between the Middle East and Asia.Hyundai Merchant said it expects its market share for the Middle East-Asia rout
July 4, 2016
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Tourism Ministry, FKI ink MOU to boost tourism
[THE INVESTOR] The Tourism Ministry and Korea’s largest business lobby group signed a memorandum of understanding on July 4 to boost domestic tourism and strengthen the competitiveness of the local tourism industry, officials said.The move came as the number of outbound travelers has been on the rise in recent years, a trend that has contributed to the country’s tourism deficit.The Federation of Korean Industries, which speaks for Korean conglomerates, signed an MOU with the ministry at a Seoul
July 4, 2016
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FDI in S. Korea hits new record in H1
[THE INVESTOR] Foreign direct investment pledged to South Korea hit a new record in the first half of the year despite a sluggish global economy, the government said July 4.Fresh FDI committed to the country in the January-June period came to US$10.52 billion, up 18.6 percent from $8.87 billion a year earlier, according to the Ministry of Trade, Industry and Energy.It marked the largest amount of FDI pledged in history on a half-year basis, surpassing the earlier record of $10.33 billion tallied
July 4, 2016
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‘Descendants of the Sun’ boosts Chinese website membership
[THE INVESTOR] The South Korean megahit drama “Descendants of the Sun” has helped for driving up paid membership of a Chinese video streaming site, a report showed on July 4.The Beijing office of the Korea Creative Content Agency said that the TV series was the biggest force behind the jump in the number of paid users of iQiyi, the Chinese broadcasting and video sharing platform, citing the report titled “White Paper on Individual Consumption of Online Videos.”The series was aired in South Korea
July 4, 2016
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Insurers’ assets to top W1,000tr this year
[THE INVESTOR] The total assets under management of Korean insurers will reach 1,000 trillion won (US$868 billion) later this year on growing demand for post-retirement products, industry data showed July 4. As of the end of April, domestic life and non-life insurers held a combined 977.59 trillion won in assets, up 2.9 percent from the 950.1 trillion won at the end of December, according to data offered by local insurers. “People are more concerned about life after retirement as Korea is one of
July 4, 2016
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Hyundai Sonata gets ranking in US
[THE INVESTOR] Hyundai Motor’s midsize sedan, Sonata, has received the top marks from a U.S. consumer magazine, beating Toyota Motor and other foreign rivals, a report showed July 4.Hyundai Sonata Hybrid SE clinched the top spot in terms of the best combination of fuel economy and acceleration in a test by Consumer Reports in the midsized car category.Hyundai Sonata Hybrid SE has a fuel efficiency of 39 miles (62.8 kilometers) per gallon (3.8 liters) while it can go from zero to 60 miles per hou
July 4, 2016
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Retailers seek new fish suppliers after failed Korea-Japan pact
[THE INVESTOR] Retailers are seeking new suppliers of locally popular fish after the Korea-Japan fishing agreement Japan fell through last week, industry officials said July 4.The failed talks mean the two countries cannot fish in each other’s exclusive economic zones, affecting the supply of belt fish and mackerel, the two most popular types of fish among South Korean consumers, they said.Supermarket chain E-mart, which has been importing mackerel from Norway and Scotland, said it will look for
July 4, 2016
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Daewoo Shipbuilding ex-chief summoned over accounting fraud
[THE INVESTOR] A former CEO of Daewoo Shipbuilding & Marine Engineering was summoned July 4 as prosecutors widened their probe into the ailing shipbuilder’s alleged accounting fraud and poor management.Ko Jae-ho, who headed the shipyard from 2012 to 2015, appeared before the Seoul Central District Prosecutors’ Office in southern Seoul as a key suspect in the ongoing investigation into the embattled shipbuilder. Former CEO of Daewoo Shipbuilding & Marine Engineering attends Prosecutors office. Th
July 4, 2016
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Korea hastens FTA push amid Bretix confusion
[THE INVESTOR] South Korea is ramping up its negotiations on free trade agreements to tackle the economic confusion from Brexit, scouting for new markets and making sure it is part of numerous regional pacts, officials said July 4.After signing its first FTA in 2004 with Chile, South Korea now has agreements with 52 countries through 15 agreements. Officials say unlike last year when the focus was on bilateral deals, this year it will be on multilateral deals.The foremost target is concluding th
July 4, 2016
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Samsung, LG need more VR content: report
[THE INVESTOR] Samsung and LG, the nation’s top two tech giants, should come up with more content for virtual reality technology despite their hardware prowess, a state-run content agency said in its recent report published on July 1. “South Korean companies lead the global VR hardware industry, but a lack of content threatens to hold the local industry back,” said the report. Samsung Electronics is a leading player in the VR device segment, as it launched the Gear VR in 2014 in cooperation with
July 2, 2016
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