Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Seoul’s bus union prepares for strike
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JPMorgan Chase earnings rise, upbeat on US economy
JPMorgan Chase reported higher first-quarter profits Friday, pointing to a still-solid US economy reflected in more lending and better profit margins on loans.Earnings at the biggest US bank by assets were $9.2 billion, up 5.4 percent from the year-ago period.Revenues were $29.9 billion, up 4.7 percent.Shares rose following the results, which topped analyst expectations.A strong performance in the consumer and community banking division -- the biggest segment by revenues -- was the driver of hig
April 12, 2019
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Japan court says Carlos Ghosn detention extended until April 22
A Japanese court on Friday ruled that Carlos Ghosn will remain in detention until April 22, as prosecutors grill the former Nissan boss over allegations of financial misconduct.His lawyers immediately appealed the decision and have already asked the Supreme Court to intervene in his detention.But unless the appeals succeed, the 65-year-old will be held in custody at a detention centre in Tokyo until April 22, whereupon authorities will either have to press formal charges, release him or re-arres
April 12, 2019
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[Graphic News] Incheon Airport becomes world’s 5th-largest passenger airport
The number of passengers using Incheon Airport reached a new high in 2018, making it the fifth-largest passenger airport in the world. According to Incheon International Airport Corp., Incheon Airport handled 67.7 million international passengers last year, up 10 percent from a year earlier. The latest figure is about 3.3 times the number of passengers logged in 2002, the year after the airport opened. Incheon Airport opened its second terminal last year, increasing maximum passenger capacity
April 2, 2019
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Ford closes 3 factories in Russia in broad overhaul
Ford is closing three factories in Russia as it pulls out of passenger vehicle manufacturing in the country, causing heavy job losses.Ford says it will stop making passenger cars in Russia by the end of June, closing vehicle assembly plants in St. Petersburg and Naberezhnye Chelny, as well as an engine plant in Yelabuga. A worker welds body panels on the shell of a Ford Focus automobile at a Ford Sollers plant in Saint Petersburg, Russia. (Bloomberg)Ford says ``significant employee separations a
March 27, 2019
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[Graphic News] S. Korea becomes top exporter of 77 products in 2017: KITA
South Korea became the No. 1 exporter of 77 products in 2017, a local trade organization showed, on the back of improved performance from the petrochemicals industry. According to the Korea International Trade Association, the number of products enjoying a top market share shipped from Asia’s fourth-largest economy grew from 68 in 2015 and 71 tallied for 2016. China had the highest number of products that topped the global market at 1,720, followed by Germany with 693 and the United States with
March 27, 2019
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[Graphic News] Global hearable market to grow quickly
The world market for wireless hearables is expected to grow quickly over the next two years thanks to the popularity of Apple’s AirPod, an industry report said. The global market is estimated to reach 129 million units by 2020, compared with about 46 million units last year, according to a report from industry tracker Counterpoint Research. The report, however, didn’t provide an estimate for this year’s global sales. The research firm said Apple’s upcoming second-generation AirPod and similar e
March 26, 2019
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[Graphic News] Seoul ranks 7th most expensive city for expats
Paris has climbed to the top of the world‘s priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey that named the capital of strife-torn Venezuela as the cheapest. South Korea’s capital city Seoul ranked as the seventh most expensive city. The average price of 1 kilogram of bread was found to be $15.59, while in Singapore it was $3.40. Currency appreciation, inflation and devaluation as well as political upheaval played a part in this year’s rankings, said
March 21, 2019
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[Graphic News] Bezos, Gates still top world’s ultrarich: Forbes
Jeff Bezos remains the world’s richest person, ahead of Bill Gates and Warren Buffett, according to the latest Forbes list of the ultrarich, while far behind President Donald Trump jumped 51 spots in the ranking. While things are largely stable up on top of the list, Facebook founder Mark Zuckerberg dropped three spots and former New York Mayor Michael Bloomberg rose by two. According to the list announced by Forbes, the riches of Bezos have swelled by $19 billion in one year and he is now wort
March 14, 2019
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Most powerful banker in Nordics says cutting humans reduces risk
The man running the biggest Nordic bank says that reducing the number of humans working in finance will actually help cut some of the risks in the industry.Casper von Koskull, the chief executive officer of Nordea Bank Abp, predicts that in roughly a decade, his sector will have half as many people working in it as it does now. And that’s a good thing, he said. Casper von Koskull, the chief executive officer of Nordea BankWith cuts on that scale, the finance industry “actually becomes more robus
March 3, 2019
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VietJet to sign major Boeing deal during Trump-Kim summit: sources
Fast-growing Vietnamese budgetairline VietJet Aviation JSC is expected to sign amajor jet deal with Boeing Co on the sidelines of nextweek's Trump-Kim summit, according to sources familiar with the matter.US President Donald Trump and North Korean leader Kim Jong-un will hold their second summit in the Vietnamese capital of Hanoi on Feb 27-28.Holding a signing ceremony during Trump's visit would help emphasize strengthening economic and military ties between the United States and Vietnam. Boeing
Feb. 22, 2019
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[Graphic News] Samsung ranked among top 2 in French consumers’ brand rating
Samsung Electronics was placed among the top two in a brand rating by French consumers, company officials said. The 2019 edition of Best Brands France showed the tech firm at No. 1 in the best product brand category and at No. 2 in best corporate brand after Amazon. For the golden age brand, chosen by consumers aged 50 and up, Samsung Electronics finished at No. 2 after Bose. China's Huawei was ranked top for the best growth brand.
Feb. 20, 2019
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Lawyer famous for acquittals to defend Nissan ex-chair Ghosn
Junichiro Hironaka, a lawyer famous for winning extremely rare acquittals in Japan, has been tapped to defend Nissan's former chairman Carlos Ghosn as he battles charges of false financial reporting and breach of trust.The move, confirmed Wednesday by Ghosn and Hironaka's office, underscores Ghosn's determination to prove his innocence. The odds are against him: In Japanese courts, 99 percent of cases get guilty verdicts. Junichiro Hironaka, new lawyer of former Nissan chief Carlos Ghosn, speaks
Feb. 13, 2019
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US, China envoys hold talks before Trump tariff decision
US and Chinese trade negotiators are meeting this week for talks President Donald Trump says will help decide whether he escalates a technology dispute by going ahead with a March 2 tariff hike on $200 billion of imports from China.Two days of talks starting Thursday allow too little time to resolve the war over Beijing's technology ambitions that threatens to drag on weakening global economic growth, businesspeople and economists say. They believe China's goal is to make enough progress to pers
Feb. 13, 2019
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[Graphic News] S. Korea falls behind China in world’s LCD TV market
China edged out South Korea in the global liquid-crystal display TV market last year to become the world’s top manufacturer of the products, data showed. According to data compiled by industry tracker IHS Markit, China accounted for the largest share (31.9 percent) of the 152.16 million units of LCD televisions shipped during the first nine months of last year. Korea came in second at 30.6 percent, or 46.58 million LCD TVs, followed by Japan with 14.6 percent and European nations with 2.8 perce
Feb. 12, 2019
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[Graphic News] Emerging economies catching up in smartphone adoption: survey
Smartphone use has become the norm in most developed nations, while many emerging economies are showing sharp gains, a global survey showed Tuesday. A Pew Research Center report found strong majorities of adults using smartphones in the world’s wealthier countries, led by 95 percent adoption in South Korea and 88 percent in Israel. The report is based on a survey of 30,133 people in 27 countries, conducted from May 14 to August 12, 2018. China, believed to be the world’s largest smartphone mark
Feb. 11, 2019
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From boardroom to prison: Ghosn still CEO at heart
Carlos Ghosn started his interview like an executive running a board meeting."We don't have too much time, so let's start," he told two reporters from AFP and French daily Les Echos, as if calling unruly shareholders to order.But this was no boardroom or business meeting: this was the 10th floor of the Kosuge detention centre in Tokyo, where he has languished since Japanese prosecutors stormed his private jet brandishing allegations of financial misconduct.Clad in a black tracksuit and transluce
Jan. 31, 2019
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[Graphic News] London retains tech startup crown
London is Europe’s most attractive city for technology startups, despite a sharp slowdown last year, a study showed. With Brexit looming, the mayor’s promotional agency, London & Partners, said 1.8 billion pounds ($2.3 billion) had been invested in fledgling tech businesses in 2018. That represented a near 30 percent slump compared with 2017 and was the first slowdown in six years, L&P said in a statement. But London’s 2018 total was still double that of Berlin, which stood in second place, whi
Jan. 23, 2019
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China protests over US warship sighting as trade talks start
BEIJING -- Chinese and American officials began talks Monday aimed at ending a bruising tariffs battle between the world's two biggest economies, as Beijing complained over the sighting of a US warship in what it said were Chinese waters. It was unclear if the ruckus over the warship might disrupt the working level talks being held at the Chinese Commerce Ministry. The two sides have provided scant information about the discussions. Members of the US trade delegation to China leave a
Jan. 7, 2019
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[Graphic News] Samsung No. 1 in number of patents filed for self-driving cars
According to the data compiled by the European Patent Office, the number of applications related to self-driving cars filed in Europe was 3,998 in 2017, growing more than threefold from 922 in 2011. Samsung Electronics holds the largest number of patents between 2011 and 2017, 624, with US company Intel ranking second with 590. US chipmaker Qualcomm held 361, followed by Samsung Electronics’ smaller rival LG Electronics at 348 and Germany’s Bosch with 343. The figures show that information an
Jan. 3, 2019
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Japan stocks plunge, other Asia markets fall after US losses
Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s criticism of the US central bank.The Nikkei 225 fell by an unusually wide margin of 5 percent to 19,155.14. The Shanghai Composite Index ended off 0.9 percent at 2,504.82 after being down as much as 2.3 percent at midday. Benchmarks in Thailand and Taiwan also declined.Markets in Europe, Hong Kong, Australia and South Korea were closed for Christmas. (Yonhap)W
Dec. 25, 2018