Articles by 석지현
석지현
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KEPCO shares hit record high
Korea Electric Power Corp., the largest state-owned utility company, became the nation’s second-biggest company after Samsung Electronics in terms of market capitalization Monday, as its shares hit a record high of 52,200 won ($45). KEPCO’s share price rose four consecutive trading days, lifting the company’s market value to 33.1 trillion won. Hyundai Motor fell one notch to third place on the same day as its shares fell 1.5 percent to 91,400 won. The market value of the nation’s largest automak
Industry Aug. 3, 2015
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Shipbuilders face sweeping overhaul
The country’s top three shipyards are readying for restructuring as they deal with a collective second-quarter operating loss of 4.7 trillion won ($4 billion), battered by ailing offshore businesses.The financially distressed players ― Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering ― are expected to step up slimming efforts in the second half of the year, including merging divisions, offloading noncore assets and suspending investment in new proje
Industry Aug. 3, 2015
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Doosan Infracore earnings plunge over weak sales
Doosan Infracore saw its second quarter earnings plunge from a year ago due to a slowdown in the Chinese market, according to figures published Monday.Doosan Group’s heavy machinery maker recorded second quarter operating profits of about 128.5 billion won ($110.1 million), dropping 11.7 percent compared to the same period last year.Over the same period, the company’s sales dipped 6.3 percent to 1.78 trillion won. Its net profit for the second quarter took a massive hit, falling by 88 percent co
Business July 27, 2015
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Offshore plants weigh on shipbuilders
The top three Korean shipbuilders are sinking deeper into the red with their offshore plant businesses losing money. Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries and Hyundai Heavy Industries are facing losses of trillions of won for the second quarter due to floundering offshore plant projects, according to industry reports.The big three shipbuilders actively expanded the business in 2011 when the global shipping industry saw a steep fall in demand after the global financia
Industry July 20, 2015
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Deceased Tibetan monk was given appropriate treatement: China media
Chinese state-run media has defended the government's treatment of a revered Tibetan monk who died in prison last week, after rights groups and his family slammed the handling of his death.Tenzin Delek Rinpoche, 65, was 13 years into a life sentence for terrorism and separatism, imposed following a trial which observers said was deeply flawed, when authorities announced news of his death at the weekend.Rights groups said the circumstances of his death were unclear and the family said Delek was c
World News July 19, 2015
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직원들은 소? 롯데의 이상한 사내 캠페인
롯데그룹의 사내 캠페인 포스터가 “직원을 소에 비유했다”라는 이유로 뒤늦게 도마에 올랐다. 문제의 발단은 지난 3월 롯데그룹 인재교육원이 배포한 황희 정승의 ‘검정 소 누렁 소’ 포스터 삽화에서 시작됐다. 포스터 삽화의 에피소드를 보면 한 선비가 농부에게 “어떤 소가 더 일을 잘하냐”라고 묻자 농부가 조심스럽게 선비에게 귓속말로 “아무리 미물이지만 짐승이라도 저 안 좋은 말을 알아듣습니다”라며 “둘 다 저의 소중한 소입니다”라고 말한다. ‘무심코 한 말이 상처를 주지 않도록 주의하고 칭찬과 배려의 말을 독려하자’ 라는 것이 본 캠페인 취지라는 회사 측 설명에도, 선비는 경영진, 농부는 관리자, 소는 사원으로 해석되면서 직원들의 비난이 쏟아지자 결국 그룹은 포스터를 폐기시켰다. 해당 포스터는 롯데그룹의 80개가 넘는 계열사에 배포되었던 것으로 알려졌다. 롯데제과에 근무하는 A씨는 “우리가 소처럼 (시키는) 일만 하는 대상으로 바라보는 것인지 굉장히 기분이 나빴다”며 “상하관계, 명령
한국어판 July 10, 2015
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Oil prices rise with focus on Greece, Iran
Oil prices rose on Monday as dealers focused on crunch Greek debt talks and a possible return of Iranian supplies to the market. US benchmark West Texas Intermediate for July delivery gained 56 cents to $60.17 a barrel compared with Friday's close. Brent North Sea crude for August won 54 cents to $63.55 a barrel around midday in London."Hopes that agreement could be reached in the debt dispute with Greece at today's EU summit are lending buoyancy to oil prices as the new week begins," said Com
Industry June 22, 2015
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S. Korea to overhaul special pardon system
South Korea said Tuesday it plans to come up with measures to improve its special pardons by next month in a bid to ensure that they are granted in a more fair and transparent manner.In South Korea, presidents usually grant special pardons in commemoration of major national holidays, though the practice has long been under fire for being abused to give favors to their friends and business leaders who have been jailed for corruption.The government held a meeting earlier in the day to discuss how
Politics May 5, 2015
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Thai police find new trafficker camps; crackdown intensifies
Police found two more camps Tuesday believed to have held human trafficking victims in southern Thailand -- one recently abandoned and the other containing a buried skeleton -- days after the grim discovery of 26 bodies at a separate location exposed a thriving human smuggling network in the country."We will keep searching, because this means the traffickers are still on the run and taking people with them," said police Maj. Gen. Amphon Buarubporn, the commander of police for Songkla province, w
World May 5, 2015
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Chinese tours to N. Korea back on track after Ebola ban lifted
Tours by Chinese people to North Korea have been showing signs of getting back on track after Pyongyang lifted its months-long entry ban on foreign travelers imposed as part of efforts to prevent the spread of the Ebola virus, Chinese tour firms said Saturday. North Korea is half a world away from Ebola-hit West Africa, but the reclusive regime closed its doors to foreign tourists last October. The ban, which took a toll on Chinese travel firms specializing in tours to the North, was lifted earl
North Korea March 14, 2015
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U.S. envoy to S. Korea Lippert to be back to work next week
U.S. Ambassador to South Korea Mark Lippert said Saturday he plans to return to work later next week after an attack by a South Korean extremist, expressing gratitude to people here for support. (Yonhap)The top envoy to Seoul has been recovering from wounds on his face and wrist after being slashed by the man during a breakfast forum in Seoul last week. The assailant said he did so in opposition to the Seoul-Washington joint military exercises."Thanks for all of the friendship and support! Mean
Foreign Affairs March 14, 2015
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Seoul shares likely to trade higher on BOK rate cut
The South Korean stock market is likely to see a gradual gain next week as investor sentiment improves after the central bank's rate cut, analysts said Saturday. The country's key stock market index KOSPI closed 1.35 percent lower than a week ago at 1,985.79 on Friday. Seoul shares were able to pare some of its earlier losses this week after the Bank of Korea unexpectedly decided to cut the key rate to a record-low of 1.75 percent on Thursday. Analysts said the effect of the BOK's surprise rate
March 14, 2015
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1 dead, 3 missing in Coast Guard chopper crash
One Coast Guard officer died and three others went missing after a helicopter on a rescue mission crashed near an island off South Korea’s southwestern coast, officials said Saturday.The Coast Guard helicopter crashed in waters off Gageodo Island at around 8:27 p.m. Friday, while trying to land near a seawall to carry out a mission to transport an emergency patient to an inland hospital. Of the four aboard the helicopter -- two pilots, one helicopter mechanic and a relief worker -- the mecha
Social Affairs March 14, 2015
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Iran says ready to let in Google, other Internet firms
Iran could allow Internet giants such as Google to operate in the Islamic republic if they respect its "cultural" rules, Fars news agency said Sunday quoting a senior official."We are not opposed to any of the entities operating in global markets who want to offer services in Iran," Deputy Telecommunications and Information Technology Minister Nasrollah Jahangard told Fars."We are ready to negotiate with them and if they accept our cultural rules and policies they can offer their services in Ira
World News March 1, 2015
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Amy Yang captures 2nd career LPGA title in Thailand
Amy Yang of South Korea captured her second career LPGA Tour win here in Thailand on Sunday.Yang won the Honda LPGA Thailand by two strokes over three golfers on Pattaya Old Course at Siam Country Club in Chonburi, after shooting a three-under 69 on Sunday for a four-round total of 15-under 273.Yang, who joined the LPGA in 2008, had last won on the tour in 2013. She is the third South Korean winner in four events so far in 2015. Yang, the runner-up at the ISPS Handa Women's Australian Open last
Sports March 1, 2015
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