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Chip up cycle won't stay long: SK chief

The chairman of Korea's chip-to-battery conglomerate SK Group said the fate of semiconductor manufacturers will hinge on how smartly they can map out capital expenditure plans, as he believes the recent chip recovery would be short-lived. The earnings surprise that SK hynix, the group’s crown jewel and the world's second-largest memory chipmaker, logged in the first quarter raised hope that the indust...

South-korea , Korea , Korea-chamber , Sk-group , Chairman-chey-tae-won , The-korea-herald , Orean-news , Oreaherald , Outh-korea-news , Outh-korea-news-in-english , Sia-news

Israel begins evacuating part of Rafah

Israel called on civilians to evacuate parts of Rafah on Monday in what appeared to be preparation for a long-threatened assault on Hamas holdouts in the southern Gaza Strip city where more than a million war-displaced Palestinians have been sheltering. Instructed by Arabic text messages, telephone calls and flyers to move to what the Israeli military called an "expanded humanitarian zone" 20 kilometers awa...

Egypt , Rafah , Shamal-sina- , Israel , Cairo , Al-qahirah , Gaza , Israel-general- , Gaza-strip , Washington , United-states , Kerem-shalom

Democratic Party angst grows over 'politically neutral' Assembly speaker

National Assembly Speaker Kim Jin-pyo criticized former Democratic Party of Korea colleagues who said the parliamentary leader does not need to maintain political neutrality. In a radio interview late Sunday, Kim said that the Democratic Party “ought to be ashamed” of its criticisms that he was “not picking a side” as the party pushes for its post-Assembly election agenda. “The speaker o...

Australia , Brazil , South-korea , Argentina , Indonesia , Turkey , Mexico , Korea , Yoon-suk-yeol , Chae-su-geun , Democratic-party-of-korea , Democratic-party

Hanwha Life secures 40% stake in Indonesian lender

Hanwha Life, a major insurer under the Korean conglomerate Hanwha Group, is set to expand its presence in Southeast Asia, having secured a stake in Indonesia's Nobu Bank, according to the insurer on Monday. Hanwha Life acquired a 40 percent stake in Nobu Bank through a deal signed with Indonesia’s Lippo Group, a major conglomerate with businesses spanning Southeast Asia. The deal signing event was held in ...

Indonesia , John-riady , Yeo-seung-joo , Adrian-sherman , Indonesia-nobu-bank , Financial-services-commission , Nobu-bank , Hanwha-group , Indonesia-lippo-group , Lippo-group , Hanwha-life , Southeast-asia

Value-up program: Market disappointment does not mean a failure, just yet

The Korean government's corporate value enhancement guidelines revealed last week may have disappointed investors, yet experts believe there is room for improvement. After a three-month wait following the initial announcement of the corporate value-up program in February, the Financial Services Commission on Thursday issued several pages of guidelines detailing how companies should create their value enhancement...

Daishin , Kangwon-do , South-korea , Kim-jee-hyun , Noh-dong-kil , Koh-young-technology , Financial-services-commission-on , Korea-exchange-on , Financial-services-commission , Price-to-book-ratio , Price-to-earnings-ratio

'Queen of Tears' riding high on Netflix chart

South Korean hit romance drama series "Queen of Tears," riding high on the strong reception from its international fanbase, is continuing its strong streaming performance, according to entertainment giant CJ ENM on Thursday. "Queen of Tears" claimed the second spot in Netflix's non-English-language TV list during the last week of April, rising one position from the previous week. The rankings...

Japan , South-korea , Seoul , Soult-ukpyolsi , South-korean , Kim-soo-hyun , Netflix , Rotten-tomatoes , Park-ji-eun , Crash-landing , Love-from

'Children Lunch Set' illustration display at expo accused of child porn

A display in an illustration fair has stirred up controversy over a possible link to child pornography, triggering a police investigation. Police were dispatched Sunday to Kintex in Goyang, Gyeonggi Province, where the Illusta Fes subculture illustration fair was taking place, following a report that one of the fair’s booths had illustrations of naked children on display, according to Ilsan Seobu Police Station...

Gyeonggi , Kyonggi-do , South-korea , Ilsan , Kangwon-do , South-korean , Gyeonggi-province , Illusta-fes , Ilsan-seobu-police , South-korean-act , Youth-against-sex-offenses

Samsung SDI boasts e-bike leadership at China Cycle

Samsung SDI said Monday that it is showcasing its latest battery products, including cylindrical batteries, at this week’s China Cycle 2024, one of the largest bicycle and motorcycle exhibitions that is marking its 32nd year. The four-day event kicked off Sunday in Shanghai, with some 1,700 businesses joining, up 40 percent from a year ago. Under the slogan “Already, All Ready,” Samsung SDI introduc...

China , Shanghai , China-cycle , All-ready , The-korea-herald , Orean-news , Oreaherald , Outh-korea-news , Outh-korea-news-in-english , Sia-news , K-pop

[Grace Kao, Meera Choi] Has money displaced romance on dates?

According to a March 29, 2023 article in The Korea Herald, 83 percent of couples have argued over how to split dating expenses. Increasingly, it seems that young people are measuring love and romance in won. Meera Choi, a Ph.D. candidate in sociology at Yale University, has interviewed 130 women aged 20 to 40 in Korea for her dissertation research. These women all believed in women’s rights, and some had strong...

Seoul , Soult-ukpyolsi , South-korea , Netherlands , United-states , Dutch , Americans , Korea , Meera-choi , Yale-university , Korea-herald , The-korea-herald

[Yoo Choon-sik] Saemaul Geumgo and trust in financial system

Some of the business irregularities involving MG Community Credit Cooperatives, better known as Saemaul Geumgo within the country, have again grabbed media headlines in recent weeks, even as their stretched exposure to the depressed real estate market remains a potential risk to South Korea’s financial stability. The Korea Economic Daily and other local media reported that Saemaul Geumgo cooperatives paid out s...

South-korea , Korea , Saemaul-geumgo , A-saemaul-geumgo , Financial-services-commission , Ministry-of-the , Financial-supervisory-service , Ministry-of-economy , Mg-community-credit-cooperatives , Korean-federation-of-community-credit-cooperatives , Korea-asset-management-corp , Korea-economic-daily