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Yoon honors veterans of Korean War in trip to Philippines
[Graphic News] Chelsea tops transfer spending, surpassing $1.3b
[Lee Kyong-hee] Tone-deaf first lady causes chaos
[Francis Wilkinson] MAGA could spark 'Fourth Founding'
[Editorial] Make a decision
Ulsan extend K League 1 lead with victory over rival club
Asiana to increase excess baggage fees on int'l flights in Jan.
Gov't to grant conditional leave for medical students protesting medical school quota hike
Twins beat Wiz to even KBO postseason series
First lady’s Dior bag scandal to be at center of Assembly audit
Can Jennie break the K-pop solo artist slump?
[Herald Interview] Toonsquare aims to open new era for webtoon creation with AI
Money Festa 2024 offers investment tips in uncertain market
Fight over Korea Zinc becomes game of chicken
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
Changwon sculpture biennale tells story of city as industry mecca
McDonald’s Korea recognized for enhancing job security for seniors
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
LG Energy Solution aims high in North America’s ESS market
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Dependence on coal-fired power output still high
Jul 17, 2017
South Korea's coal-fired power generation increased this year as the country's new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday.According to the data compiled by the Korea Power Exchange, coal-fired power generation reached 95,550 gigawatt-hours in the first five months of the year, up 13.6 percent from a year earlier.The figure accounted for 42.4 percent of the total electricity output during the cited period, up 4.7 percentage points f
Posco shows signs of recovery
Jul 16, 2017
The nation‘s largest steelmaker shows signs of financial recovery this year amid years of heavy corporate restructuring as securities companies expect Posco’s operating profit this year to reach its highest in six years. The company‘s net profit for the first quarter hit 976.9 billion won ($865 million) compared 338.4 billion won a year earlier. Posco’s operating profit also jumped to 1.4 trillion won from 659.8 billion won last year through its own internal efforts to generate revenue. The st
[Monitor] More than a half of college graduates are jobless
Jul 16, 2017
More than a half of unemployed people in South Korea were college graduates in the second quarter, according to Statistics Korea.The number of jobless people with a bachelor‘s degree and above reached 546,000 in the April-June period, up 11.8 percent from a year earlier and the portion of unemployed college graduates accounted for 50.5 percent of the total number of unemployed, the data showed. It marked the largest quarterly figure since 1999 when the agency changed its calculation standard for
Duty-free sales to see first drop in 14 years
Jul 16, 2017
The Korean duty-free industry may see a drop in on-year annual sales in 2017, which would make it the first decline in 14 years, according to data from the customs regulator Sunday.Since the outbreak of the Severe Acute Respiratory Syndrome virus in 2003, the duty-free industry had seen steadily rising sales until last year. Especially in 2016, sales had risen sharply to 12.3 trillion won ($10.83 billion), breaking the 10 trillion-won mark thanks to the popularity of Korean music and dramas and
Celltrion Healthcare to expand product lineup, direct sales network after IPO
Jul 16, 2017
Kosdaq debut on July 28 expected to lift firm to No. 2 in market cap
Korean shipyards forecast to see steady rise in new orders
Jul 16, 2017
South Korean shipyards are expected to clinch a decent number of new orders during the second half of the year, with a slew of contracts to be signed soon, industry sources said Saturday. (Yonhap)Earlier data showed that local shipyards clinched 2.83 million compensated gross tons, or 79 ships, in the January-June period, which represents a twofold increase from a year earlier.Hyundai Heavy and its affiliates have secured a series of fresh contracts, with their new orders reaching $4.2 billion f
Korea posts huge trade deficit with US on produce, meats
Jul 15, 2017
South Korea posted a huge trade deficit with the United States on agricultural products and livestock last year as their price competitiveness has attracted consumers, government data showed Saturday.South Korea's agricultural goods and meat exports to the US reached $716 million last year while imports amounted to $6.9 billion, according to the Ministry of Agriculture, Food and Rural Affairs. (Yonhap)Seoul's trade deficit with the US in the sector came in at $6.14 billion in 2016, the data show
Marriott International to build 16 more hotels in Korea
Jul 14, 2017
Marriott International will open 16 more hotels in South Korea over the next five years, its vice president said Friday, amid increasing demand from local residents as well as the steady growth of foreign visitors. Vice President Ramesh Daryanani in charge of global sales in the Asia-Pacific region said the hotel chain operator will expand its establishments in the country's popular tourist areas, including the resort island of Jeju and the southeastern port city of Busan.Marriott International
KTX and SR merger faces rough prospects
Jul 14, 2017
The Ministry of Land, Infrastructure and Transport will finalize whether to merge South Korea‘s national train operator Korail and high-speed rail service Supreme Railways by the end of this year, officials said Friday.But a bumpy road is expected ahead with the SR labor union expressing strong opposition to the merger.“Related parties are currently holding discussions over the direction of the merger. A task force will be formed to finalize a decision by the end of this year,” said Maeng Sung-k
Ex-Hyosung chairman resigns as chief of flagship unit
Jul 14, 2017
The former chairman of Hyosung Group has left his post as head of Hyosung Corp., a local textile maker, due to old age, the conglomerate said Friday.Cho Suck-rai, 81, retired as the CEO of the flagship unit of the family-run business group, the company said in a regulatory filing, effectively ending his career that spanned more than five decades and began in 1966. Cho Suck-rai (Yonhap)Cho had already handed over his position as group chairman to his first son Cho Hyun-joon late last year. The 81
Korean convenience store chain taps Iran
Jul 14, 2017
BGF Retail Co., the operator of South Korea's largest convenience store chain CU, said Friday it signed a franchise deal with an Iranian company marking the first overseas expansion for a convenience store operator.Under the agreement, home appliances firm Entekhab Investment Development Group will take charge of investment and operation of the outlets in the Middle Eastern country.The announcement came as the competition in South Korea's convenience store business, dominated by three chains --
KHNP suspends construction of 2 nuclear power plants
Jul 14, 2017
Tension reached a new high Friday after South Korean nuclear power operator Korea Hydro & Nuclear Power held an impromptu board meeting Friday and voted to temporarily suspend the construction of new nuclear power plants against vehement opposition from the labor union and some nearby residents.In an emergency meeting called at a nearby hotel instead of the company headquarters in Gyeongju, North Gyeongsang Province, 12 members of the board out of 13 voted in favor of the suspension.The construc
Samsung Electronics most preferred employer among college students
Jul 14, 2017
College students again picked Samsung Electronics as the company they most want to work for, especially males, a tally from a job portal showed Friday.Job Korea surveyed 2,571 students enrolled in universities nationwide, and the results showed 17.7 percent of them wanted employment with the tech titan. Respondents were allowed to make multiple picks.CJ Cheiljedang was next with 13 percent. The foods and beverage company last year topped Samsung Electronics, which had been No. 1 since the survey
Daewoo Shipbuilding wins order for 4 oil tankers
Jul 14, 2017
(Yonhap)Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Friday that it has clinched a deal to build four very large crude carriers.Under the deal with Maran Tankers Management, a unit of Greece's largest shipper, Angelicoussis Shipping Group, Daewoo will deliver the 318,000-ton vessels by Aug. 20, 2019, the company said in a regulatory filing.The vessels, 336 meters long and 60 meters wide, will be powered by eco-friendly and fuel-efficient engines, the shipyard said.Da
Lee Kun-hee's assets rise to record high amid Samsung Electronics
Jul 14, 2017
The value of stocks held by Samsung Group chairman Lee Kun-hee has surged to a record 18.4 trillion won ($16.1 billion) helped by the soaring prices of Samsung Electronics Co. shares, industry data showed Friday.Stock prices of the world's biggest smartphone and memory chip producer rose 40.3 percent to 2.52 million won per share Thursday from 1.8 million won as of the end of last year.The tech giant predicted its second quarter operating profit will hit 14 trillion won compared to 8.14 trillion
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Can Jennie break the K-pop solo artist slump?
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