Samsung's rated "A+" by S&P

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Samsung's rated "A+" by S&P

Global rating agency Standard & Poor's Ratings Service said Tuesday that its has decided to maintain its "A+" rating on Samsung Electronics Co., the world's largest smartphone maker, citing its stabl...

Updated : 2016.07.26 21:46

[Graphic News] Number of Korean centenarians surges

The number of South Koreans aged 100 and older soared to top 3,000 last year as the country is rapidly heading to an aged society, government data showed Monday.A total of 3,159 centenarians were livi...

Updated : 2016.07.26 17:42

Hyundai Heavy’s revival plans will put it in the clear: Samil PwC

[THE INVESTOR] Hyundai Heavy Industries will be in the clear should its restructuring measures be executed according to plans, Samil PwC concluded on July 26. Samil PwC has been reviewing Hyundai Heavy’s plans on the request of the shipbuilder’s major creditors including the Export-Impor...

Updated : 2016.07.26 17:29

LG Household & Health Care posts record Q2 profits

LG Household & Health Care on Tuesday said it delivered its highest second-quarter earnings to date this year, buoyed by the success of its luxury cosmetics brands Whoo and Su:m37.  Its net sales dur...

Updated : 2016.07.26 17:11

Eligibility screening of large shareholders to expand to non-bank financial firms

Controlling shareholders of all major South Korean financial firms will face tougher eligibility screening starting in August, the Financial Services Commission announced Tuesday.Currently, the owners of banks and mutual savings banks alone are subject to a periodic review by the state fin...

Updated : 2016.07.26 17:08

[Monitor] German car imports fall on Volkswagen scandal

Imports of German vehicles dropped for the first time in 13 years, apparently due to a large decrease in inbound shipments of Volkswagen and Audi cars mired in an emissions scandal, data from the Kore...

Updated : 2016.07.26 16:55

SC Bank,Samsung Card create synergy with credit cards

Newly introduced credit cards jointly issued by Standard Chartered Bank Korea and Samsung Card are putting a smile on the faces of users and companies.It is the first time in the finance sector that a...

Updated : 2016.07.26 16:53

BMW’s self-parking system to be available in Korea

[THE INVESTOR] BMW’s latest self-parking system will become available in Korea possibly from November, with the Korean unit waiting for the final approval from the nation’s ICT Ministry. BMW Korea s...

Updated : 2016.07.26 16:53

Opposition party seeks to introduce US-style class action

[THE INVESTOR] Opposition parties are seeking the introduction of US-style class action in South Korea prompted by Volkswagen’s emissions scandal. On July 26, progressive heavyweight Rep. Park Young-...

Updated : 2016.07.26 16:53

[Contribution] Korea seeks to share reforestation skills at WFC in 2021

The Rio Olympics, long-awaited for four years, will kick off in August, and two years later, PyeongChang is set to host the Winter Olympics. Taking a look at how the Olympic Games are put together, th...

Updated : 2016.07.26 16:51

Seoul makes bid to host 2021 World Forestry Congress

The Korea Forest Service submitted a bid last week to host the 15th World Forestry Congress in Seoul, officials said.The WFC, also known as the “Olympics of Forestry District,” is the largest intern...

Updated : 2016.07.26 16:49

Shinhan Bank offers flexible working arrangements for employees

Shinhan Bank, the flagship unit of South Korea's Shinhan Financial Group Co., said Tuesday that it has introduced flexible working arrangements for its employees, a move that could help them juggle work and family life.The bank said all employees -- who can work without accessing the bank'...

Updated : 2016.07.26 16:32

NPS lending stocks worth W718b

The National Pension Service has lent out some 700 billion won ($617 million) worth of its shares to other parties, a lawmaker revealed Tuesday. NPS is South Korea’s largest investor, with 90 trillio...

Updated : 2016.07.26 16:25

Lotte Group founder's daughter indicted over string of corruption

The head of the Lotte Foundation and daughter of the Lotte Group's founder was indicted on a string of charges, including embezzlement and bribery, on Tuesday.The indictment marks the first time that a member of the family that runs South Korea's fifth-largest conglomerate will stand trial...

Updated : 2016.07.26 16:23

Korean economy grows 0.7% in Q2

South Korea’s economy grew 0.7 percent in the second quarter of this year, remaining in zero percent growth territory for three straight fiscal quarters, according to the Bank of Korea on Tuesday.Eve...

Updated : 2016.07.26 16:22