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Seoul OKs $8m aid to North Korea
Smaller firms lag far behind big counterparts in debt service capability: B...
[ITU 2017] ITU Telecom World 2017: exploring smart digital transformation
LG takes pride in camera of V30 smartphone
[Reshaping Semicon Map] Reasons why Korea trumps memory chip world
Korean colleges alert about ‘spy cam’ on campus
PM appeals for support for construction of schools for handicapped students
W17m booze tab: Itaewon bars face probe over foreign tourist ripoff
Korean kids have their face evaluated for fun on YouTube despite concerns
No holiday for cram schools in Korea during Chuseok period

Today Economy

Smaller firms lag far behind big counterparts in debt service capability: BOK

Smaller South Korean firms lagged far behind their larger counterparts in debt service capability, the country's central bank said Thursday, in the latest sign of a deepening polarization of corporate performance.The interest coverage ratio of all South Korean firms stood at 9 in the first half of this year, up from 6.8 from a year earlier, the Bank of Korea said in a report, citing data compiled by credit appraiser NICE Information Service.The ratio -- a firm's operating profit divided by its i

[ITU 2017] ITU Telecom World 2017: exploring smart digital transformation

Artificial intelligence can crunch the numbers on inconceivably large volumes of data, predicting trends, mitigating problems, driving a revolution in socio-economic development. Smart machines can learn, understand, develop and, in many areas, out-perform humans. But what will be the impact on our jobs, our economies and our societies? Do we need an international code of AI ethics now, before it is too late? Digital financial services over mobile broadband can bring the millions of unbanked int

Today
Technology
LG takes pride in camera of V30 smartphone

Industry’s first F1.6 glass-added dual camera to empower V30

Today
Technology
[Reshaping Semicon Map] Reasons why Korea trumps memory chip world

New opportunities to propel Korean players to catch up with western SoC makers in Industry 4.0

Today
Technology
Peacock begins sales in Hong Kong, US

E-mart's home meal replacement brand Peacock is entering the overseas market beginning with Hong Kong and the United States this month, the discount retailer chain said Thursday.Although Peacock products have been sold overseas in the past through limited-time promotions, this is the first time that it has been officially delivered as a brand to overseas retail chains.Peacock products are on display at a Market Place by Jasons outlet at the K11 mall in the Tsim Sha Tsui district, Hong Kong. (E-m

Today
Industry
[Monitor] Businesses in Korea show low survivability

A report showed that the rate of survival for businesses in Korea remains low compared to those in Western Europe.The Korea International Trade Association said the survivability rates of lasting one and five years for businesses here came to 62.4 percent and 27.3 percent, respectively.By type, service and manufacturing businesses showed respective rates of 84 percent and 8.9 percent.The report pointed out that Korea has a higher proportion of small businesses than other countries, which are mor

Today
Economy
Top bakery franchise ordered to recruit outsourced workers

The government ordered South Korea's biggest bakery franchise Thursday to directly hire over 5,000 outsourced bakers and staff members at its franchisees, as it has breached the labor law that forbids a franchiser from training and supervising contracted workers. The Ministry of Labor and Employment has given Paris Baguette a correction order to recruit 5,378 employees at 3,396 franchise stores who currently work for the franchise's subcontractors, it said in a statement. The ministry launched a

Today
Industry
Chinese drivers highly satisfied with Hyundai, Kia

Chinese motorists report a high level of satisfaction with vehicles and service provided by Hyundai Motor and Kia Motors, according to a survey by China Association for Quality.Beijing Hyundai topped the sales service category in this year’s China Automobile Customer Satisfaction Index jointly with SAIC Volkswagen and GAC Toyota for the fourth consecutive year, the company said Thursday.Despite Korea’s frosty ties with China, Dongfeng Yueda Kia also came third in the sales service category. Rela

Today
Automode
[Herald Interview] Kakao seeks to go global with content distribution business: CEO

On home turf in Korea, Kakao seeks to become AI platform partner that “connects everything”

Today
Technology
Seoul shares down for 3rd day on auto, steel losses

South Korean stocks closed lower Thursday, down for the third consecutive day, as auto and steel stocks retreated. The Korean won declined against the US dollar.The benchmark Korea Composite Stock Price Index shed 5.7 points, or 0.24 percent, to close at 2,406.5. Trade volume was moderate at 270 million shares worth 5.5 trillion won ($4.85 billion), with losers overwhelming gainers 620 to 198.The local bourse opened nearly flat after the US Federal Reserve hinted at the chance of a December rate

Today
Finance
Regulator seeks to lower interest rates for margin trading

South Korea's financial regulator said Thursday it will seek to lower interest rates for margin trading and enable more people to pay their insurance fees with credit cards.The plan is a part of the government's aim to enhance the protection of consumers for financial products as the Financial Supervisory Service launched an advisory body on the rights of financial consumers. Interest rates for margin trading vary considerably. Kiwoom Securities Co.'s rate for 15-day margin lending is 11.75 perc

Today
Finance
Standard Chartered teams with Samsung for new cards

Standard Chartered Bank Korea, a subsidiary of British banking service Standard Chartered PLC, has launched two new banking cards in partnership with Samsung Card, the company said. 　Earlier this month, the two companies unveiled the “Standard Chartered Daily Samsung Card” and the “Standard Chartered Life Samsung Card,” their first collaborative products since signing a comprehensive partnership agreement last year. The two companies have come up with the new lineup by jointly making consistent

Today
Industry
Moon assures US Korean economy strong despite NK provocations

President Moon Jae-in urged the US to actively invest in the Korean economy during his meeting with prominent businessmen in New York, as he attends the 72nd session of the United Nations General Assembly this week. 　In a meeting with American financial heads including the chairman of Goldman Sachs at the New York Intercontinental Hotel, Moon assured international business leaders that the fundamentals of the Korean economy are excellent despite ongoing concerns regarding the “North Korea risk.”

Today
Economy
Hyundai Motor Genesis G70 sees brisk sales start

Hyundai Motor has received a total of 2,100 orders for its newly launched Genesis G70 sports sedan in the first day of sales on Wednesday, the company said Thursday.This is around 42 percent of this year’s sales target of 5,000 units, and threefold the average monthly sales of other European rivals last year in premium vehicle market. Hyundai Motor's Genesis G70 (Hyundai Motor)Following the launch, Hyundai Motor aims to sell 15,000 units next year here in Korea.Hyundai Motor as well plans to lau

Today
Automode
SK hynix says negotiations still necessary for Toshiba deal

South Korean chipmaker SK hynix Inc. said Thursday that Japan's Toshiba Corp. has agreed to sell stakes in its memory business to a consortium that includes South Korea's No. 2 chipmaker and US investment firm Bain Capital, although details of the deal are still subject to further negotiations."As details of the approval made by Toshiba's board of directors still need to be negotiated, SK hynix will continue with discussions to best reflect our interests," the company said in a regulatory filing

Today
Industry

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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