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Cuban diplomat visits Seoul for talks on opening embassy
NewJeans' members' parents complained to Hybe, email shows
Ministry, doctors clash over decision process of expansion plan
Seoul vows action over Naver's Line, Yahoo dispute
[New faces of Assembly] Trump factor sets mood for South Korea to cultivate its ‘nuclear potential’: lawmaker-elect
Samyang shares soar on upbeat sales of Buldak ramyeon in US
[Herald Interview] S. Korea, EU embrace 'great opportunities' for advancing climate action: envoy
[Today’s K-pop] Seventeen hits Billboard 200 at No. 5 with best-of album
NewJeans to appear on reality show amid ‘Hybe-Ador’ dispute
Ador CEO’s fate to be decided on May 17
China’s AliExpress, Temu sign rare pact in Korea to ensure product safety
[Herald Review] Highlight kicks off Asia tour with memory-filled Seoul concert
Seoul shares almost flat ahead of US inflation data
Samsung doubles down on Vietnam
[Herald Interview] Kimsooja expands Bottari philosophy with vast mirror installation
Processed food satisfaction rate keeps falling: report
Herald CEO named chief of foreign language newspaper association
Yuhan-Kimberly’s reforestation campaign marks 40th year
[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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Kospi hits a 6-year high on foreign buying
Markets
Apr 25, 2017
South Korean stocks on Tuesday hit a six-year high, on strong buying from foreign investors with the global stock market rally, brokerage data showed.The nation’s benchmark Kospi closed at 2,196.85, rising by 1.06 percent from the previous session. The figure is the highest since the index closed at 2,200.73 on May 3, 2011, according to the Korea Exchange. The tech-heavy Kosdaq also went up 0.95 percent to close at 632.57.Foreign investors net bought 651.4 billion won worth stocks, pulling
Hyundai Samho lands W300b IMM Private Equity investment
Markets
Apr 25, 2017
Hyundai Samho Heavy Industries, a shipbuilding affiliate of Hyundai Heavy Industries, has landed a 300 billion won ($265.7 million) pre-initial public offering investment with IMM Private Equity. Under the agreement with IMM PE, HSHI said it will issue 5.36 million new convertible preferred shares, with the private equity firm paying out 300 billion won in total to acquire the stocks at 56,000 won per share.The new deal will bring Hyundai Samho’s total market value to 2.5 trillion won.&nbs
Daewoo E&C back in black following record Q1 performance
Markets
Apr 25, 2017
Daewoo Engineering & Construction has recorded its largest quarterly operating profit in the company’s history, posting operating profits of roughly 22.1 billion won ($19.5 million) and a net income of 191.9 billion won, according to the company Tuesday. Despite recording operating and net losses in the fourth quarter of last year, Daewoo E&C said the profits achieved in its housing and construction sectors rose by 171 percent compared to the same period last year, thrusting t
Mirae's 4 ETFs excel in HK
Markets
Apr 25, 2017
Mirae Asset Global Investments, an asset management unit under Mirae Asset Global Investments Group, said its four exchange-traded funds have shown their competitive edge against other ETF products on the Hong Kong Exchange.Mirae Asset’s four leverage and inverse ETFs, or L&I ETFs, that traces Hang Seng index comprised of H-shares on the Hong Kong Exchange, ranked second in terms of the market share in L&I ETFs’ accumulated turnover as of April 19 since their listing on the H
Credit card companies’ challenges and responses in the fourth industrial revolution
Markets
Apr 25, 2017
Since the fourth industrial revolution was discussed in the World Economic Forum in January, 2016, the academic circle and the media have expressed interests in key drivers of the fourth industrial revolution including biometrics, big data and artificial intelligence. In addition, Google DeepMind’s artificial intelligence program AlphaGo came under the spotlight with its unexpected moves in Go games against Lee Se-dol in March, 2016.This helped many agree that the fourth industrial revolut
Korea's terms of trade worsen in March
Economy
Apr 25, 2017
South Korea's terms of trade deteriorated slightly in March from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Tuesday.The terms of trade index for products came to 99.57 last month, down 4.5 percent from a year earlier, according to preliminary data from the Bank of Korea. The index measures the amount of imports a country can purchase for each unit of exports, showing how the country's exports are doing in comparison to others.In Marc
Korean shares up in late morning trade
Markets
Apr 25, 2017
South Korean stocks traded higher late Tuesday morning, led by gains in tech and autos.The benchmark Korea Composite Stock Price Index advanced 9.11 points, or 0.42 percent, to 2,182.85 as of 11:15 a.m.Most large-cap stocks were mixed across the board. Top market cap Samsung Electronics rose 1.84 percent, while SK hynix, a major chipmaker, shed 1.15 percent.Hyundai Motor, the No. 1 automaker, gained 2.12 percent and its smaller affiliate, Kia Motors, fell 0.2 percent.SK Innovation, the No. 1 ref
Foreign buying boosts Korean benchmark index
Markets
Apr 25, 2017
Foreign investors bought South Korean stocks for a third straight session, fueling expectations that the country's benchmark index could break this year's record high, brokerage data showed Tuesday.Foreign buying between Thursday and Monday came to nearly 700 billion won ($617 million), according to data from Korea Exchange, the local bourse operator. Foreigners' buying spree of local stocks came despite heightened tensions on the Korean Peninsula over North Korea's missile and nuclear weapons p
Life insurers to face pressure on adoption of new global accounting standard
Markets
Apr 25, 2017
The reported capitalization of South Korean life insurers is expected to face pressure if they adopt a new international accounting standard, credit appraiser Moody's Investors Services said Tuesday.South Korean life insurers have been preparing to report financial results under International Financial Reporting Standards 17, which will go into effect in South Korea from 2021. Stella Ng, a vice president of Moody's, said the new global accounting standard will require life insurers to meas
Korea's finance minister talks with head of Citigroup
Markets
Apr 25, 2017
South Korea's finance minister held talks with the head of global investment bank Citigroup Inc. on Monday (local time) to share his views on global recovery trends and its impact on Asia's fourth-largest economy.At the meeting with Citigroup CEO Michael Corbat in New York, Finance Minister Yoo Il-ho said the South Korean economy has managed to pull off modest growth led by brisk exports which posted the fifth straight month of gains since November on the back of increased global demand.The uptu
Sales of 4 credit rating firms edge down in 2016
Markets
Apr 25, 2017
The combined sales of South Korea's four credit rating companies fell 0.2 percent on year in 2016, due to a decline in sales of corporate bonds, data showed Tuesday. Total sales for four credit rating firms -- NICE Investors Service, Korea Investors Service, Korea Ratings and Seoul Credit Rating & Information -- stood at 82.76 billion won ($73.2 million) last year, compared to 82.95 billion won a year earlier, according to the data by the Financial Supervisory Service. Last year, sales
Stocks open higher on gains in tech and autos
Markets
Apr 25, 2017
South Korean stocks opened higher Tuesday, led by gains in tech firms and automakers.The benchmark Korea Composite Stock Price Index rose 2.39 points, or 0.11 percent, to 2,176.13 in the first 15 minutes of trading.Most large caps traded higher, with market kingpin Samsung Electronics adding 1.12 percent and SK hynix, a major chipmaker, remaining flat.Hyundai Motor, the No. 1 automaker, moved up 1.06 percent, while AmorePacific, the country's top cosmetics maker, shed 2.91 percent following weak
[Photo News] Gold closed at W46,220 per gram Monday
Economy
Apr 24, 2017
‘Interest margins drive banks' earnings surprise’
Markets
Apr 24, 2017
The earnings surprise of major commercial banks in South Korea in the first quarter was partly driven by their improved net interest margins, data showed Monday. The combined net profit of the four major commercial banks -- Shinhan Bank, Kookmin Bank, KEB Hana Bank and Woori Bank -- in the first quarter came to 2.28 trillion won ($2.01 billion), a 22.3 percent rise on-year, according to earnings reports by each bank last week. Excluding one-off profits, such as sell-offs of bank branches or loan
Korea's consumer confidence still among OECD's worst
Economy
Apr 24, 2017
Despite its recovery in the first quarter, South Korea’s Consumer Confidence Index ranked near the bottom among member countries of the Organization for Economic Cooperation and Development, according to OECD data Monday. The Consumer Confidence Index is an indicator designed to measure consumers’ perception of their economic situation. A reading below 100 indicates that pessimistic consumers outnumber optimists.In March, Korea’s index reached 99.06, increasing for the sec
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