Most Popular
-
1
Court refuses injunction on medical school expansion
-
2
Why Korean crime stories typically feature nameless, faceless perpetrators
-
3
Debate on 'no-seniors zones' heats up
-
4
S. Korea, Cambodia forge strategic partnership
-
5
Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
-
6
Is NewJeans headed for a long 'break'?
-
7
[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
-
8
Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
-
9
New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
-
10
Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
-
Seoul shares open higher on exporters' gain
South Korean stocks opened higher Monday due to strong gains from key exporters, analysts said.The benchmark Korea Composite Stock Price Index moved up 4 points, or 0.19 percent, to 2,131.17 in the first 15 minutes of trading.Tech shares led the growth, with Samsung Electronics adding 0.85 percent and LG Display climbing 0.34 percent. No. 2 chipmaker SK hynix also moved up 0.76 percent.Carmakers also traded bullish, with No. 1 Hyundai Motor increasing 1.48 percent and its smaller sister Kia Moto
May 4, 2015
-
S. Korea's current account surplus hits 4-month high in March
South Korea's current account surplus reached a four-month high in March as imports fell at a much faster clip than exports, data showed Monday, stoking concerns over upward pressure on its currency.The current account surplus came to $10.39 billion in March, nearly double the $6.44 billion surplus from the previous month and marking the 37th consecutive month of surplus, according to the provisional data released by the Bank of Korea.The current account is the broadest measure of cross-border t
May 4, 2015
-
S. Korean banks' loan delinquency rate falls in March
The delinquency rate of loans extended by South Korean banks, including household lending, fell in March from a month earlier, the financial watchdog said Monday.The combined delinquency rate of bank loans stood at 0.69 percent at the end of March, down 0.08 percentage point from a month ago, according to the Financial Supervisory Service.The decline came as the amount of cleared bad debts worth 2.5 trillion won ($2.3 billion) outpaced fresh bad loans worth 1.4 trillion won during March.The deli
May 4, 2015
-
Renault Samsung recalls over 20,000 cars on defects
Renault Samsung Motor Co., the local unit of French automaker Renault SA, is recalling more than 20,000 units of its QM3 crossover SUV due to the defective brake system, the transportation ministry said Monday. A potential problem in the QM3 mini SUVs could corrode the brake hose and cause the brake system to leak, which may compromise the car's ability to stop, according to the Ministry of Land, Infrastructure and Transport. The recall affects 20,949 QM3 vehicles produced between Sept.11, 2013
CompaniesMay 4, 2015
-
IPOs regain popularity as bourses grow bullish
More companies are seeking to go public on the first-tier Korea Exchange and the secondary KOSDAQ market amid the growing bullish sentiment.According to the Korea Exchange, about 60 to 70 companies, most of which trade on the over-the-counter market, reportedly plan to make initial public offerings during the second half of the year.The number of companies pushing for an IPO, as a prerequisite to be listed on the KRX or registered on the KOSDAQ, is estimated to reach 120 this year including thos
May 3, 2015
-
[Photo News] Heading South
May 3, 2015
-
[Photo News] Car & Art
May 3, 2015
-
LG Chem seeks to penetrate U.S. energy storage market
LG Chem is spurring its energy storage system business in North America having recently inked several battery deals with U.S. companies, including the latest with Gexpro, to expand its presence in the region. The Seoul-based battery maker said Sunday it has signed a deal with Gexpro, a leading distributor of electrical supplies, to develop energy storage systems. The system with 45 kilowatt of storage capacity will use LG Chem’s lithium-ion batteries to be installed at schools, hospitals, gas st
TechnologyMay 3, 2015
-
‘Hanocal may sue Korean government over sale of Hyundai Oilbank’
A Netherlands-based company threatened to sue the South Korean government for inflicting more than 183 billion won in losses through double taxation during its sale of Hyundai Oilbank shares five years ago, it was revealed Saturday.If a lawsuit is filed, it will mark the second time for South Korea to face international arbitration under a process known as “investor-state dispute settlement.”According to the Kyunghyang Newspaper, Hanocal Holdings in late 2014 sent a letter notifying President Pa
May 3, 2015
-
KEPCO CEO plans ‘global energy belt’
AMMAN ― Korea Electric Power Corp. CEO Cho Hwan-eik declared the creation of a “global energy cooperation belt” last week, pledging to foster the state-controlled firm as a world-class power supplier and power plant designer in the coming years. “We could start from the Americas, and then move on to Africa and the Middle East, to go all the way back to Asia. KEPCO will take the lead and relevant Korean companies could join us in this overseas expansion,” Cho told reporters in the Jordanian capit
IndustryMay 3, 2015
-
[Herald Interview] ‘Korea is ready for McLarens’
Buying a McLaren vehicle is buying “technology and craftsmanship,” according to David Mclntyre, the newly appointed Asia-Pacific director of the British supercar maker.The “small” U.K.-based supercar maker is finally making inroads in the Korean market, having launched its first showroom in southern Seoul on Wednesday. McIntyre has long experience in Korea’s high-end auto import market. Until recently he headed the local branch of Jaguar Land Rover, and the brands saw massive sales rises under h
IndustryMay 3, 2015
-
Daily stock turnover tops 10 tln won in April
The average daily turnover in the South Korean stock market topped 10 trillion won ($9.31 billion) in April for the first time in nearly four years as investors flocked to riskier assets from low-yielding bank deposits, data showed Sunday. The average turnover on the benchmark KOSPI and the tech-rich KOSDAQ markets amounted to 10.87 trillion won per day last month, according to the data compiled by the local bourse operator Korea Exchange. The last time the comparable figure touched the 10 trill
May 3, 2015
-
Gov't to purchase 77,000 tons of rice
The South Korean government said Sunday it will buy 77,000 tons of locally produced rice to help stabilize local prices. With the latest purchase plan, the amount of fresh crop acquired by the government will reach 240,000 tons, equivalent to last year's excess rice harvests compared with demand, according to the Ministry of Agriculture, Food and Rural Affairs. The government decided to liberalize the rice market for the first time in its history in 2014. Apart from preventing an inflow of cheap
May 3, 2015
-
K-pop boosts industry production by blns of won
The popularity of Korean pop culture abroad helped increase production of the country's cosmetics, gaming, tourism and beverages industries by billions of won in 2014, data showed Sunday.The growing popularity of hallyu, or the Korean wave, the name for Asianwide popularity of Korean pop culture, has been making inroads into other parts of the globe in recent years to help increase sales of Korean products abroad.The production inducement was estimated at 12.5 trillion won ($11.6 billion) last y
May 3, 2015
-
Hyundai, Kia's overseas output hits record high in March
Overseas production by South Korea's leading carmaker Hyundai Motor Co. and its corporate cousin Kia Motors Corp. touched record-high numbers in March on the back of a boost in output in their factories in Turkey and China, data showed Sunday. The combined number of cars produced abroad by the carmaking duo under Hyundai Motor Group came to 401,784 units in March, up5.2 percent from a year earlier, according to the data compiled by the Korea Automobile Manufacturers Association. The number marks
CompaniesMay 3, 2015
-
IPTV subscribers increase nearly sevenfold in 6 years
The number of Internet Protocol TV subscribers rose by nearly seven times as of the end of last year since the system's launch in 2008, the Korea Communications Commission said Sunday.The number jumped to 10.83 million as of the end of 2014, up 25.8 percent from 8.61 million a year earlier, according to data released by the telecom watchdog. The comparable figures were 1.59 million in 2008, 2.37 million in 2009, 3.65 million in 2010, 4.93 million in 2011 and 6.54 million in 2012.KT Corp., one of
IndustryMay 3, 2015
-
Hyundai, Kia's U.S. sales up 1.3 pct in April
Hyundai Motor Group, the world's No. 5 auto giant, said Sunday its April sales in the United States grew1.3 percent on-year, with its flagship Hyundai Motor Co. posting its best sales record for the month. Hyundai Motor sold 68,009 units in the U.S. last month, its largest April tally ever, the automotive group said. The figure also represents a 2.9 percent increase from a year earlier. The rise in U.S. sales was driven by stronger demand for the Accent subcompact and the Genesis sedan. Sales of
May 3, 2015
-
Almost one-third of listed firms post earnings surprises in Q1
More than a third of South Korea's listed companies experienced earnings surprises in the first quarter on the back of improved results among large firms, data showed Sunday. A total of 31 out of 100 listed firms that filed earnings reports for the January-March period as of April 30 posted better-than-expected operating profits, according to the data compiled by market tracker FN Guide based on an assessment of 100 listed firms on the benchmark KOSPI and tech-laden KOSDAQ markets. Brokerages ge
May 3, 2015
-
S. Korea's exports drop 8.1 pct on-year in April
South Korea's exports shrank for the fourth consecutive month in April but its trade surplus hit a new high as imports dropped at a faster clip than exports, the government said Friday.The country's overall outbound shipments came to US$46.22 billion last month, down 8.1 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.Still, the country posted a record trade surplus of $8.49 billion as imports plunged 17.8 percent on-year to $37.73 billion.April als
May 1, 2015
-
Number of firms on antitrust watchlist up in May
The number of business group affiliates subject to restrictions on mutual investments and loan guarantees rose in May from a month earlier, the antitrust watchdog said Friday.The Fair Trade Commission (FTC) said the number of firms on its watch list stood at 1,707 as of this month, up 11 from 1,696 on April 1. The firms belong to the country's 61 largest business groups.A total of 14 companies were added, with three being removed as they were merged with other affiliates or sold off.Seven busine
IndustryMay 1, 2015