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[Howard Davies] Global banking rules finished?
11 injured in 53-car pileup on icy road in Wonju
FM Cho says he takes 'full responsibility' for Sado mine memorial dispute
SK hynix to increase dividend payouts by 25% per share by 2027
Lotte Group to provide Lotte World Tower as collateral for Lotte Chemical amid liquidity woes
Seoul Metro conductor's toilet break delays 125 trains
Yoon receives Ukrainian special envoy; Seoul silent on possibility of weapons aid
Presidential office worries over impact of Trump's proposed tariffs on Korean firms in Canada, Mexico
Korea's birthrate shows signs of recovery
Yonsei University to hold additional essay test amid question leak controversy
[Global Finance Awards] Viva Republica transforms financial ecosystem
Seoul blanketed by heaviest Nov. snow, with more expected
[Global Finance Awards] Hanhwa Life secures bigger footing in overseas markets
From candy to CPR, police step up to save citizens in need
Ador calls for Belift Lab’s ‘sincerity’ in Hanni workplace harassment case
Youth groups remember the Korean War
[Global Finance Awards] Mirae Asset Securities within reach of global top-tier ambition
[Global Finance Awards] Kakao Bank bolsters SE Asia foray with Superbank partnership
[Global Finance Awards] Mirae Asset bolsters global presence with W370tr under management
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LG Group chief visits R&D center, emphasizes design
Industry
Feb 18, 2020
The chief of LG Group on Tuesday emphasized design quality for its electronic products, saying that design is a factor that can deliver a differentiated customer experience. Koo Kwang-mo, who leads South Korea's fourth-largest conglomerate, visited LG Electronics Inc.'s research and development (R&D) campus in Seoul and checked the company's products. "It is design that gives the first impression of our products and delivers this sense of feeling that this product is worth buying,&q
Imports of Japanese consumer goods down for 7th month amid boycott
Industry
Feb 18, 2020
South Korea's imports of key consumer goods from Japan fell for the seventh consecutive month in January as a boycott of Japanese goods has dragged out amid their monthslong feud over their shared wartime history, data showed Tuesday. Imports of consumer goods from Japan dipped 35.9 percent from a year earlier in January to $193.6 million, according to the data compiled by the Korea Customs Service and released by Rep. Kim Chung-woo of the ruling Democratic Party. A growing number of
Hyundai Motor again halts assembly line in S. Korea over parts shortages
Transport
Feb 18, 2020
Hyundai Motor Co., South Korea's biggest carmaker by sales, on Tuesday suspended one of its five main assembly plants in Ulsan due to a lack of parts from China amid the spreading coronavirus outbreak. Hyundai said the No. 1 assembly plant in Ulsan, 414 kilometers southeast of Seoul, is set to be closed until Thursday, a move that will disrupt production of the Veloster subcompact and the Kona subcompact SUV. The latest halt came five days after Hyundai Motor resumed operations at the assembl
LG unveils new budget smartphones with quad rear camera setup
Technology
Feb 18, 2020
LG Electronics Inc. on Tuesday unveiled new budget smartphones, each with a quad rear camera setup, in the hope that the latest handsets will help its struggling mobile business. LG introduced three new K series models -- K61, K51S and K41S -- that will be launched in Europe, Central and South America in the second quarter. The company did not disclose the prices of the new handsets, but industry observers expect them to be sold for around US$300. The new K series smartphones come with fou
UAE approves operation of Arab’s first nuclear plant built by Kepco
Industry
Feb 17, 2020
The United Arab Emirates has approved the operation permit of the Barakah nuclear power plant, which is being built by Korea Electric Power Corporation, reports said Monday. This is the first nuclear power plant exported by the Korean firm. The license granted to the plant’s operator Nawah Energy Company will be for 60 years, Hamad al-Kaabi, deputy chairman of Federal Authority for Nuclear Regulation, was quoted as saying by Reuters. Nawah can now start preparing for commercial operatio
[Monitor] Six out of 10 Korean firms anticipated worsened business from coronavirus
Industry
Feb 17, 2020
Six out of 10 Korean companies expect their business to worsen due to the novel coronavirus outbreak, a survey released by the Korea Economic Research Institute showed. The survey, conducted by Mono Research on the top 1,000 companies by revenue, showed that 61.8 percent of them said the outbreak will hamper their overall revenue and exports. Among those with production facilities in China, 83.9 percent said they will be hurt by the virus. A prolonged pandemic will hurt the auto industry the
SsangYong’s Rexton Sports logs 40,000 units of annual sales for 2 years
Transport
Feb 17, 2020
SsangYong Motor’s flagship sports utility vehicle Rexton Sports has sold more than 40,000 units annually for the second year in a row, the carmaker announced Monday. This is the first time Ssangyong has sold over 40,000 units of an SUV brand two years in a row, the company said. SsangYong Motor said 41,717 Rexton Sports vehicles were sold in 2018, accounting for 99.2 percent of the total number of pickup trucks sold in Korea that year. In 2019, a total of 41,328 Rexton Sport
[Photo News] Convenience stores enjoy boom
Industry
Feb 17, 2020
With changing consumption patterns amid the rising number of single-member households and online shopping, the convenience store chains in South Korea reaped their largest margins last year, according to industry data. GS25 made 256.5 billion won in operating profit last year, its largest on record. CU also marked a record 196.6 billion won in operating profit. The consolidated operating profit of Emart, the large retail store chain, meanwhile, dropped 67.4 percent to 150.7
Who will chair boards at Samsung, Hyundai Motor?
Industry
Feb 17, 2020
Attention is turning to who will replace the leadership on the boards of Korea’s tech and automobile behemoths -- Samsung Electronics and Hyundai Motor -- at the upcoming general shareholders meetings in March. On Friday, Lee Sang-hoon, chairman of Samsung Electronics’ board, resigned from his role after being found guilty of sabotaging labor unit activities. Lee was sentenced to 18 months in jail in December upon conviction of violating labor union-related laws. On his resignat
Posco International discovers new gas field in Myanmar
Industry
Feb 17, 2020
Posco International said Monday that it had discovered a new offshore gas reservoir near Myanmar, raising hopes for a new cash cow for the company. According to the Korean company, it began exploratory undersea drilling on Jan. 12 for its Mahar gas project. The company drilled 2,598 meters into the seabed, more than 1,000 meters below the water, and carried out drill stem testing to discover the gas reservoir, which could yield about 38 million cubic feet of natural gas per day. The company s
[News Focus] Netmarble enters red in Q4, seeks change in 2020 through overseas biz
Industry
Feb 17, 2020
Co-CEOs to share burden of game development, overseas launches
HiteJinro ups promotion of soju on overseas US military bases
Retail
Feb 17, 2020
Korean liquor maker HiteJinro will strengthen its promotion of soju to American soldiers, as sales of its spirits products exhibit continuous growth at exchange stores inside the confines of overseas US military bases, the company said Monday. The company said it will run a six-month marketing campaign of its soju products, including Chamisul, under the slogan, “Drink soju! Responsible Drinking!” starting this month, partnering with Stars and Stripes, a US military independent news
Airlines to cut fuel surcharges on int'l routes in March
Transport
Feb 17, 2020
South Korean airlines will lower their fuel surcharges on international routes in March to reflect lower jet fuel prices, industry sources said Monday. The surcharges for one-way tickets on long-haul international routes will drop by two notches to 19,200 won next month from 49,200 won in February, according to the sources. If the average jet fuel price on the Singapore spot market rises over $1.50 per gallon, South Korean airlines are allowed to impose fuel surcharges starting one month lat
[The Heirs (1)] Succession at CJ slow but remains on track
Industry
Feb 17, 2020
Preferential stocks, M&A used to minimize tax while transferring ownership
Korean carmakers on track to normalize production this week
Transport
Feb 17, 2020
South Korean carmakers said Monday they are on track for normalizing production later this week after suffering parts shortages from China amid the spreading coronavirus outbreak. The country's five carmakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co. -- are still struggling to get parts on time, although suppliers in China partially resumed operations last week with the COVID-19 virus outbreak showing no sign of slowing. They
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
[Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
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Seoul blanketed by heaviest Nov. snow, with more expected
K-pop fandoms wield growing influence over industry decisions
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[Graphic News] International marriages on rise in Korea
Korea's auto industry braces for Trump’s massive tariffs in Mexico
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