Most Popular
-
1
Seoul transit pass for travelers to be available starting July
-
2
[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
-
3
N. Korea says to deploy new multiple rocket launcher starting this year
-
4
Controversy rekindled over when to name criminals, suspects
-
5
[Drama Tour] Romantic trip to ‘Queen of Tears’ filming spots
-
6
Buddha's birthday lantern parade to light up Seoul
-
7
BTS leader RM's new song tops iTunes charts in 82 countries
-
8
What's Seoul's No.1 landmark? Seoulites say Han River, foreigners pick Gwanghwamun Plaza
-
9
World’s Best restaurant Central chef shres insights in Seoul
-
10
‘Monk’ DJ spreading Buddhism goes global
-
UPDATE-Hyundai Heavy seen in back in profit in Q1
Hyundai Heavy expected to swing to profit in Q1Hyundai Heavy Industries is likely to report a return to profit in the first quarter of this year, as earnings from oil refinery business offset losses in offshore and plant construction segments, stock analysts said Tuesday. In a report Tuesday, Kim Hyun of Shinhan Investment, a Seoul-based brokerage house, forecast an operating profit of 251.7 billion won ($220 million) for the January-March period for the world’s largest shipyard. Revenues woul
April 19, 2016
-
Hankook Tire fined in China for resale price-related violation
Hankook Tire, Korea's largest tiremaker, has been fined in China for breaching anti-monopoly regulations there, industry sources said Tuesday.According to the sources, Hankook Tire's affiliate in Shanghai was slapped with a fine of 2.17 million yuan ($334,000), which is equivalent to one percent of its annual sales.It is the first time that a Korean tiremaker has been fined in China.The sources said Hankook Tire was found to have violated regulations regarding the so-called "minimum resale price
IndustryApril 19, 2016
-
Corporate offshore bond issuances on the rise
Korean companies increasingly opt to raise funds by issuing corporate bonds outside the country as it takes lower costs, a local asset-management association said Tuesday.Companies, such as Kia Motors, Hanwha Chemical and Doosan Heavy Industries & Construction, have raised funds by selling debts to overseas institutional investors, according to the Korea Financial Investment Association (KOFIA). "As base rates in the United States and Europe are much lower than the (current) key rate of 1.50 per
IndustryApril 19, 2016
-
Samsung, U.N. to roll out aid projects in Latin America
Samsung Electronics on Tuesday said it will roll out volunteer projects in Latin America under ties with the United Nations, adding it will introduce various activities by utilizing its capabilities in information technology.The Korean tech giant and the United Nations Volunteers officially signed an agreement in Brazil earlier this week, where Samsung vowed to kick off volunteer programs through using the organization's know-how.The U.N. Volunteer can also introduce a wider range of activities
IndustryApril 19, 2016
-
[Market Now] Bank of Korea freezes key rate at 1.5%
The Bank of Korea on Tuesday left the key interest rate at 1.5 percent, the lowest on record, for the 10th consecutive month. The decision was expected by 86 percent of 200 bond market participants in a survey. The BOK last moved the rate in June last year. Bank of Korea (Yonhap)Four of the seven members of the bank’s monetary policy board are to be replaced Thursday by figures who, local media say, seem dovish. The central bank now expects the Korean economy to grow 2.8 percent in 2016, not 3
April 19, 2016
-
Draft guideline urges institutional investors to speak up
Institutional investors holding equity stakes in Korea’s listed companies will be urged to speak out on key corporate decisions under a draft of new corporate governance guidelines unveiled Monday. The draft, presented by the bourse operator Korea Exchange and its think tank Korea Corporate Governance Service at a forum in Seoul, is envisioned to replace existing standards for publicly traded companies to follow in areas of shareholder rights, board composition and management, and various other
April 18, 2016
-
[Graphic News] Top 10 conglomerates‘ sales fall further than corporate average
Korea’s top 10 conglomerates saw their companies‘ sales decline at a sharper rate than the nation’s corporate average last year, according to data released Sunday.Market information provider FnGuide said in its report that combined sales at 68 of the top 10 business groups’ listed affiliates stood at 1,010.7 trillion won ($877.1 billion), a 3.31 percent drop from the previous year.Companies listed on the Korea Stock Composite Price Index fell by an average of 3.01 percent.By conglomerate, seven
IndustryApril 18, 2016
-
Kumho Tire collaborates with Psy
Kumho Tire unveiled Monday its new commercial music video made in collaboration with K-pop singer Psy.The tire company said in a statement, “We have created this commercial video by combining the company’s brand slogan ‘Better, All-Ways’ with Psy’s hit music ‘Good Day Will Come.’” Still cuts of Psy’s music video made in collaboration with Kumho Tire (Kumho Tire)The video, which was made to raise the company’s brand profile through music, was unveiled on YouTube channels and China’s media platfor
MobilityApril 18, 2016
-
Lotte Mart apologizes, vows to compensate toxic disinfectant victims
Lotte Mart, one of the manufacturers of a humidifier disinfectant that allegedly caused lung damages that claimed 143 lives, on Monday officially apologized and vowed to provide due compensation to the victims and their families.The announcement marks the first ever public action taken by a maker of the toxic disinfectants in question since a probe on the case began in 2011. It also comes as the prosecution is set to summon executives of Lotte Mart, alongside three other firms, for questioning t
IndustryApril 18, 2016
-
Shares end lower on institutions' profit taking and failed oil deal
Korean shares ended lower Monday, as institutional investors opted to lock in recent gains and the world's oil-producing countries failed to reach an agreement on output freeze.But foreigners stemmed a sharper loss by staying in a buying position. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 5.61 points, or 0.28 percent, to 2,009.10. Trade volume stood at 334.76 million shares worth 4.25 trillion won ($3.7 billion), with losers
April 18, 2016
-
[Market Now] Hite Jinro sees oversubscribed bonds despite financial woes
Hite Jinro, a listed beer and soju maker, saw oversubscriptions of its bonds issued earlier this month, despite prospects of weaker-than-expected earnings and financial difficulties on high debt.Demand for Hite Jinro’s A-graded bonds exceeded 100 billion won ($87 million) the company had initially sought to raise to finance its operations and repay its debt.Its bonds have been oversubscribed by 25 billion won, with institutional investors such as Dongbu Securities, NH Investment & Securities and
April 18, 2016
-
Samsung Electronics’ spin-off, highly likely: analyst
Tech giant Samsung Electronics is likely to be spun off as part of Samsung Group’s ownership restructuring, an analyst said Monday. As per the plans, various affiliates will be clubbed under two groups -- Samsung Electronics and Samsung Life Insurance.Since 2013, Samsung Group has sought to reorganize affiliates vertically under electronics and finance business, ease cross-shareholding structure among subsidiaries, and sell noncore businesses.As the first step, the group will seek Samsung Life I
IndustryApril 18, 2016
-
Free coffee if you watch commercial
Franchise coffee house Coffee Banhada will launch a new mobile application that rewards customers with free drinks and desserts when they watch commercials, the company said Friday. Customers can save points on the app by watching commercials or participating in surveys and quizzes. The accumulated points can be used like cash at more than 350 Coffee Banhada franchise. (123RF)“In this never-ending competition within the low-priced coffee market, we had to lead with a completely new service,” Li
IndustryApril 18, 2016
-
Will Ssangyong’s Tivoli appeal to Chinese consumers?
Ssangyong Motor plans to beef up sales marketing in China as part of efforts to diversify its global client base after struggling from weak sales in Russia – its main importer – due to economic recession and a weak ruble. The Korean unit of Indian auto giant Mahindra & Mahindra said on Monday the firm would start sales of its new mid-size SUV Tivoli Air in China (XLV in global market) after unveiling it at the Auto China 2016 in Beijing next week. Tivoli Air of sangyong Motor “With a more enhan
MobilityApril 18, 2016
-
[KOSDAQ Star] Investors await next cashcow game from Com2us
This is the seventh in a series of articles analyzing major companies by market capitalization traded on the tech-heavy KOSDAQ market. --Ed.In the highly competitive mobile game industry, the life span of a hit title is getting shorter with new overnight successes emerging everyday. Analysts said Com2us, a Korean mobile game developer and publisher, needs to find the next game that can leave the company less reliant on cash-generator “Summoners War” that was launched two years ago. “Given mobile
April 18, 2016
-
Peace forum for journalists opens in Seoul
Journalists from across the world launched a discussion on their role in world peace and denuclearization of the Korean Peninsula in Seoul on Monday.About 80 journalists from 50 countries were invited to the six-day Journalist Forum for World Peace, hosted by the Journalist Association of Korea. Participants pose at the opening ceremony of the Journalist Forum for World Peace in Seoul on Monday. (Yonhap)“As journalists, we share warm hearts and sharp eyes to tell the truth regardless of nationa
IndustryApril 18, 2016
-
[Photo News] LG Uplus supports disabled
LG UPLUS SUPPORTS DISABLED -- LG Uplus, Korea’s third-largest mobile carrier, said Monday it would provide its Home Internet of Things services for free to 3,000 households with physically challenged individuals. The services allow users to monitor and control home appliances through smartphones. (LG Uplus)
TechnologyApril 18, 2016
-
[Photo News] Samsung TV ad for air conditioner rides popularity
SAMSUNG AD RIDES POPULARITY – Samsung Electronics said Monday that its TV ad for air conditioner Q9500, featuring former figure skating champion Kim Yu-na, has hit 10 million views online in 19 days. (Samsung Electronics)
TechnologyApril 18, 2016
-
Lezhin bets on TV content business
Lezhin Entertainment said Monday that it has joined hands with a local company to create dramas based on webtoons, or online comics.The operator of webtoon platform Lezhin Comics has signed a memorandum of understanding with SBS The Story Works, a drama maker, to produce TV shows based on popular online comics series. The logos of Lezhin Comics and SBS The Story Works (Lezhin Entertainment)SBS Story Works has rolled out some hit Korean dramas including “Divorce Lawyer Is in Love” and “Ghost.”The
TechnologyApril 18, 2016
-
[Market Now] Foreigners sell bond futures on dashed expectations for liquidity injections
With expectations of a Korean version of quantitative easing dashed as Korea’s conservative Saenuri Party failed to grab the majority of seats in the general elections, net selling of bond futures by foreign investors hit a record high last week.According to the Korea Exchange, foreign investors unloaded 6,856 contracts of 10-year Korean Treasury Bond Futures and 16,495 contracts of 3-year bond futures after the legislative election last week.“Foreign investors changed their positions as the pos
April 18, 2016