Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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[Robert J. Fouser] Social attitudes toward language proficiency
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Graphic News] How much do Korean adults read?
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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Mercedes Benz to roll out 4 luxury cars
Mercedes Benz said Sunday it was set to roll out four luxury models later this year, after garnering attention at the Busan Motor Show earlier in the month.“We plan to unveil the full lineup of dynamic, young roadsters and modern, luxury Cabriolets in the second half of this year, with an aim of meeting high-end consumers’ needs,” said an official at Mercedes Benz Korea. The new S-Class Cabriolet, the first convertible variant of the Mercedes-Benz luxury flagship, will enter the Korean market al
MobilityJune 26, 2016
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New Audi A4: lighter but futuristic
The Audi A4, one of the German carmaker’s best-selling sedans, has made a big return. Keeping its Quattro tradition, the latest model features savvy high tech elements inside and out. It’s bigger and lighter too. New Audi A4 (Audi Korea)The all new Audi A4, a full changed model in eight years, revised the platform of its predecessor and used lighter components instead, losing nearly 100 kilograms in weight. The carmaker used high-strength steel, magnesium frame for backseats, module cross member
MobilityJune 26, 2016
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CEOs wait tables for AMCHAM charity night
“Everyone, work your servers. You get to be their boss tonight. And isn‘t that a good feeling?”With those words from John Schuldt, President of American Chamber of Commerce in Korea, began the 12th CEO Servers’ Night at the Conrad Hotel in Seoul on Friday. Hosted annually by the Partners for the Future Foundation, the event has the chief executives of AMCHAM member companies don white aprons to wait on family and friends and raise scholarships for underprivileged students.Eight CEO servers pose
IndustryJune 26, 2016
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Brexit raises concerns over exports
Britain’s departure from the European Union is drawing mixed reactions here, with local experts offering dim prospects for Korean exporters but some others viewing the historic change as an opportunity for the world’s seventh-largest exporter to outpace its rivals in the overall European market. Amid growing concerns, the Korean government said Sunday it would prepare for separate trade talks with the EU and Great Britain. In 2009, South Korea and the EU signed a bilateral free trade agreement,
IndustryJune 26, 2016
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[Graphic News] Ships, cars are top export items to Britain
As Great Britain voted to leave the European Union, domestic attention is being paid to how it might affect Korea’s trade with the Western European country. According to a report from the Industry Ministry, two-way trade volume reached $13.8 billion in 2015, with Korea‘s exports amounting to $7.7 billion. Particularly, the nation’s 13 major items of exports to Britain accounted for $7.39 billion. Among the export items, ships topped the list at $2.5 billion, followed by cars with $1.5 billion an
June 26, 2016
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Hyundai, Kia gear up to make splash in global green car markets
South Korea's major automobile manufacturers are all set to make a big splash in global eco-friendly vehicle markets in the coming months, local industry sources said Sunday.Hyundai Motor Co. plans to begin the sale of the Ioniq hybrid in the United States and Europe in the latter half of this year.It boasts a combined fuel economy rating of 22.4 kmpl. Many expect fierce competition with Toyota's top-selling Prius hybrid.Hyundai will also put its Ioniq pure-electric vehicle on sale in foreign ma
MobilityJune 26, 2016
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Korea to review FTA with EU over Brexit: trade ministry
Striving to cope with the Brexit aftermath, the South Korean government on Sunday said it will prepare for new trade talks with the European Union and Britain.Seoul signed a bilateral free trade agreement with the EU in 2009. The accord took effect two years later. (123rf)"The effect of the South Korea-EU FTA on Britain will automatically become void at the time of its official withdrawal from the EU. But a revision to the FTA is deemed necessary to reflect it," the Ministry of Trade, Industry a
June 26, 2016
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Brexit shock weighing on Korean economy
South Korea has come under growing pressure to take more aggressive budgetary and monetary measures after Britain's decision to leave the European Union, officials and experts here said Sunday.The unexpected move has added to global market uncertainties and is fueling financial sector turbulence that is adversely impacting Asia's fourth-largest economy. On Friday, the Korea Composite Stock Price Index fell 3.1 percent to 1,925.24 points, the biggest daily loss in over four years.Even before the
June 26, 2016
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PyeongChang encourages SMEs to take part in Olympics sponsorship
The organizing committee of the 2018 PyeongChang Winter Games said Sunday that it started receiving applications from small and mid-sized enterprises for official sponsorships.The committee said it decided to allow SMEs to participate in sponsorship arrangements at the games in return for marketing opportunities. It said such a move is being taken as demand for various items necessary to run the global event is growing as the start date for the Olympics approaches.There are 30 categories of item
IndustryJune 26, 2016
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Samsung among top-three 'dynamic' brands with Google, Amazon: poll
Samsung Electronics Co. of South Korea has been named one of the top-three "dynamic" companies, along with Google and Amazon, a U.S. marketing firm's survey showed Sunday.IPG Mediabrands, the media holding arm of the New York-based Interpublic Group, has created a new brand measure, called a "dynamic score," in cooperation with Jonah Berger, an associate professor at the Wharton School of the University of Pennsylvania. They released the "D100" list of the most dynamic firms worldwide.Samsung ra
IndustryJune 26, 2016
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Korea vows to take actions to ease Brexit fallout
South Korea on Saturday said it will keep close tabs on the impact of the Brexit on the local market and take actions swiftly and firmly to minimize its fallout if needed."For now, the uncertainties (on Britain's exit from the European Union) are big, and we cannot predict the consequences,"the government said.On Saturday, officials from the finance and industry ministries, as well as the central bank, held a gathering to check the repercussions of Britain's vote to leave the EU.Hit by the Brexi
June 25, 2016
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Seoul shares to face increased volatility next week after Brexit
South Korean shares will face increased fluctuation next week as foreign investors are expected to reduce part of their risky assets following Britain's decision to exit the European Union (EU), analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,925.25 on Friday, down 3.09 percent, or the biggest daily loss in more than four years following the unexpected outcome of Britain's vote to leave the world's single largest economic bloc.Analysts said the country
June 25, 2016
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Market fluctuations over Brexit to run long: analysts
The South Korean stock market is expected to face fluctuations for the time being due to Britain's decision to leave the European Union, analysts said Saturday.Hit by the Brexit rout, the country's benchmark stock index dived 3.1 percent to close at 1,925.24 points on Friday, the biggest daily loss in over four years."It will take some time for the market to stabilize, and investors should seek to manage their risks," said Lee Kyung-min, an analyst at Daishin Securities Co. "For now, it is hard
June 25, 2016
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Lotte chairman fends off elder brother's challenge for third time
The chief of South Korean business group Lotte won support of Japanese shareholders of Lotte Holdings, the group's de-facto holding company, in a vote on Saturday, cementing his grip on the retail giant currently embroiled in the slush fund scandal in South Korea.The shareholders' meeting was held at the request of Shin Dong-joo, the former vice president of Lotte Holdings and the elder brother of the incumbent chief. Lotte chairman Shin Dong-bin (Yonhap)The first son of Lotte founder Shin Kyuk-
IndustryJune 25, 2016
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W47tr wiped out from Korean stock market on Brexit vote
[THE INVESTOR] Over 47 trillion won (US$40 billion) has been erased from the Korean stock market as Britain voted to leave the European Union on June 24. The combined market capitalization on the main KOSPI and tech-heavy KOSDAQ markets fell by 47.44 trillion won to 1,420.32 trillion won from a session earlier. It is the biggest drop since Nov. 10, 2011, when the market cap plunged by 57.22 trillion won. Market heavyweight Samsung Electronics plunged 2.1 percent. Hyundai Mobis fell 2.27 percent
June 24, 2016
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Korea Asset In Trust to go public in July
[THE INVESTOR] Real estate trust company Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13. “Through the initial public offering, the company will go beyond real estate trust business and become the No.1 real estate and finance company,” Kim Kyu-chul head of KAIT said at a press conference in Yeouido, Seoul, on June 24. Established in 2001, KAIT is the market leader in real estate trust companies in Korea. In the first quarter this year, the company recorded operatin
June 24, 2016
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Won-yuan direct trading market in China to be launched next week
[THE INVESTOR] The Chinese market for direct trading of the South Korean won and Chinese yuan will be launched next week, the South Korean Finance Minister said on June 24.The won-yuan direct trading market will begin operations in Shanghai on June 27. The state-run Chinese Foreign Exchange Trading System will take charge of the management. “South Korea and China are important trade partners,” Finance Minister Yoo Il-ho said in an official opening ceremony held in Beijing. “The newly launched cu
June 24, 2016
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KOSPI to plunge below 1800 points on Brexit: analysts
[THE INVESTOR] Analysts warned Britain’s vote to leave the European Union may further dampen Korean stock financial markets as panic gripped investors. On June 24, the country’s benchmark KOSPI shed 61.47 points, or 3.09 percent, to 1,925.24. Sidecar kicked in following the secondary KOSDAQ’s 6-percent plunge. Shocked investors dumped pounds, leading the value of sterling to slump to a 31-year low on currency markets. Other Asian markets including Japan’s Nikkei finished the day with big losses.
June 24, 2016
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[ANALYST REPORT] SK Hynix: Easing supply glut
2Q estimates: sales of W3.76tr (+2.1% QoQ), OP of W445bn (-21.6% QoQ) Rebounding indicators, earnings to improve QoQ in 3Q ¨ Retain BUY for target price of W38,0002Q estimates: sales W3.76tr (+2.1% QoQ), operating profit W445bn (-21.6% QoQ)SK Hynix is forecast to post 2Q sales of W3.76tr (+2.1% QoQ, -18.9% YoY) and operating profit of W445bn (-21.6% QoQ, -67.7% YoY). We expect bit growth of 13% and ASP drop of 10%. Earnings should bottom out in 2Q. We expect operating profit of W549bn (+23.5% Qo
June 24, 2016
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Ruling, opposition parties urge gov't to minimize Brexit shock
Korea's ruling and opposition parties said Friday the government must come up with a plan to minimize fallout from Britain's decision to leave the European Union."The exit of Britain from the European Union is expected to have an adverse impact on the global and local economies," the ruling Saenuri Party said in a statement. "The South Korean government needs to take prompt and precise action in regards to this development."Saenuri added the government must also keep close eyes on the changes in
June 24, 2016