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Samsung predicts 4.03 pct drop in Q2 profit

South Korean tech giant Samsung Electronics Co. estimated Tuesday that its second-quarter operating profit fell 4.03 pct on-year as weak sales of the Galaxy S6 smartphone lineup overshadowed improved returns from its chip segment.Operating profit for the April-June period reached 6.9 trill...

Updated : 2015.07.07 09:16

Chinese media mogul eyes Korean market

Content Media, a U.K.-based distributor of films and other media content, is hoping to use Korea as a jump-off for Asian expansion.  Content Media’s China unit chairman Bruno Wu. Seoul IRIn a recent...

Updated : 2015.07.06 18:12

Retailers make all-out effort to win duty-free license

Major South Koreans retailers are making final pushes to win licenses to run duty-free shops in downtown Seoul ahead of the announcement of winners this week.The retail groups, which are on the hunt for the rare duty-free licenses, are making last-minute pitches on their plans for envision...

Updated : 2015.07.06 18:11

Pizza Hut under fire for murky marketing spending

Franchisees of global dining brand Pizza Hut on Monday visited their Korean headquarters in southern Seoul to demand an audit into the marketing and other fees they have paid to the head office for the past several years.About 20 people representing a group of 247 Korean franchisees reques...

Updated : 2015.07.06 18:01

Elliott secures stakes in two Samsung C&T shareholders

U.S. hedge fund Elliott Associates has added its name to the stakeholders’ list of two additional Samsung affiliates -- Samsung SDI and Samsung Fire and Marine Insurance -- ahead of the July 17 Samsung C&T shareholders meeting in which the controversial merger deal between C&T and Cheil I...

Updated : 2015.07.06 17:56

BAT discounts Vogue Prima line

British American Tobacco Korea marked down the price of its Vogue Prima brand to 4,100 won ($3.60) from 4,300 won Monday.BAT Korea said the price cut will allow smokers a broader opportunity to enjoy ...

Updated : 2015.07.06 17:08

[Graphic News] MERS darkens Q3 profit outlooks

The negative effect of the Middle Eastern respiratory syndrome on Korean companies is expected to hit home in the third quarter of this year, data suggested Monday.According to financial investors and...

Updated : 2015.07.06 16:44

Ssangyong Motor launches Tivoli diesel to intensify competition

Ssangyong Motor Co., owned by India's Mahindra & Mahindra, said Monday that it started selling the diesel version of its popular Tivoli crossover SUV as it pushes to provide more customer choices in the fast-growing market.The latest Tivoli, which was unveiled in the mountainous town of In...

Updated : 2015.07.06 14:30

Kia Motors to recall 7,722 Sportage SUVs in U.S.

Kia Motors Corp., South Korea's second-largest carmaker, is recalling 7,722 units of the Sportage SUV in the U.S. due to a defect in its braking lamps, a U.S. transportation safety agency said Monday.Subject to the recall is the Sportage SUV produced between March 7 and June 8 of 2011, acc...

Updated : 2015.07.06 10:01

Samsung hits back at ISS report

Samsung C&T on Sunday rebuffed a report by global shareholder adviser Institutional Shareholder Services that recommended its shareholders to oppose the proposed merger with Cheil Industries, the de f...

Updated : 2015.07.05 20:10

Elliott faces credibility test

U.S. hedge fund Elliott Associates faces a new challenge in its aim to derail the proposed merger of two Samsung Group units, as the prosecution launched an investigation into allegations that Elliott...

Updated : 2015.07.05 19:21

Samsung C&T hits back at ISS merger report

Samsung C&T on Sunday rebuffed a report by global shareholder adviser Institutional Shareholder Services that recommended its shareholders to oppose the proposed merger with Cheil Industries, the de f...

Updated : 2015.07.05 18:10

Manufacturers turn gloomier on outlook

South Korea's major manufacturers are more pessimistic about business conditions for the third quarter due to China's slowing growth and the fallout of the Middle East Respiratory Syndrome outbreak, a poll showed Sunday.  The Korea Chamber of Commerce & Industry said its business survey ...

Updated : 2015.07.05 13:23

Flight occupancy rates drop in June on MERS scare: data

The seat occupancy rates of flights sank in June as people canceled their trips in fear of the Middle East Respiratory Syndrome outbreak, while the figures are expected to recover somewhat moving forward due to the summer season, industry data showed Sunday.   The total number of passen...

Updated : 2015.07.05 10:36

Future of Korea depends on first movers, not fast followers

There are so many issues going on in so many sectors of society in Korea and, yet, so little room to speak of the future. However, the best timing to prepare for a chaotic future is before a crisis. “...

Updated : 2015.07.03 21:20