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Fri, April 20, 2018 | 12:15

Brokerages divided over Samsung Electronics prospects

Samsung Electronics enjoyed record-high sales in the third and fourth quarters last year, but the nation's brokerages say the world's largest chipmaker is not likely to continue its earning streak this quarter due to the strong Korean won and worsening profitability in the display sector.

Finance | 2018-02-01 16:09

KDB names Hoban as preferred bidder for Daewoo E&C

The Korea Development Bank (KDB) announced Wednesday it has chosen Hoban Construction as a preferred bidder to take over ailing Daewoo Engineering & Construction (E&C).

Heavy industries | 2018-01-31 16:30

Government regulations encourage soaring housing prices in Seoul

A series of recent government announcements about possible regulations on apartment reconstruction in southern Seoul seem to have cooled the heated housing market in the area, but are now creating a “balloon effect” that raises housing prices in other areas of the city.

Policies | 2018-01-30 19:14

Seoul stocks rally to close at record high

The nation's stock accounts have topped 25 million in number thanks to the inflow of private investors following the government's regulations on cryptocurrencies and the housing market.

Finance | 2018-01-29 21:47

Banks sending new employees to boot camp

The nation's major banks are training their new employees in unorthodox ways. Earlier this month, KB Kookmin Bank, one of the country's largest, came under fire for getting their 400 new recruits to march 100 kilometers from Cheonan in South Chungcheong Province over two days in freezing weather; but it turns out that this was only a part of the industry culture since other major banks also conduct similar programs more of a fit for special forces soldiers.

Finance | 2018-01-29 19:17

Cryptocurrency series _ Ripple

Ripple refers to a gross settlement system, currency exchange and remittance network, which is built on a distributed internet protocol such as bitcoin and Ethereum. Ripple is distributed in the market under a ledger and virtual coin named XRP, and is the third largest coin by market capitalization as of Jan. 25.

Finance | 2018-01-29 17:20

Hyundai Mobis expected to rise on Seoul bourse

Hyundai Mobis posted a worse-than-expected performance last year, but analysts say shares of the nation's largest auto parts maker will reach 350,000 won ($330). The price has fluctuated between 240,000 won and 270,000 won this year.

Automotive | 2018-01-26 22:05

Tennis player benefits Lacoste, Oakley, Rado

Sports gear and fashion brands worn by Korean tennis player Chung Hyeon during this year's Australian Open are enjoying a surge in attention after he became the first Asian player to reach the semifinals of one of the four Grand Slam tennis events.

Light industries | 2018-01-26 18:51

Banks won't offer new virtual accounts

Banks won't begin issuing new trading accounts for cryptocurrencies anytime soon. The government decided to allow them to accept new customers if they install a system to ban the use of anonymous virtual coin transactions, but major banks are reluctant to issue new bank accounts for cryptocurrency trading.

Policies | 2018-01-24 16:35

South Korea mulls taxation on cryptocurrency transactions

Government vows for “safer Korea”

The government announced plans to make Korea safer, following a recent series of man-made disasters including the deadly fires that took place in Jecheon and a Jongno motel.

Diseases & welfare | 2018-01-23 16:18

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Missile attack on Syria