Saturday, August 12th, 2017


Gov't to ban sales of coffee at schools starting next year

SEOUL, Aug. 12 (Yonhap) — South Korea’s drug-related agency said Saturday it plans to ban sales of coffee at local elementary, middle, and high schools starting next year to prevent students from consuming excessive caffeine. The Ministry of Food Source: Money

Sales of gold bars rising amid rising tension on peninsular

SEOUL, Aug. 12 (Yonhap) — Sales of gold bars, regarded as a safe haven for investors, are increasing in South Korea amid escalating tension with North Korea, industry sources said Saturday. The Korea Gold Exchange, a local trader, said the average Source: Money

Hyundai Motor suffers double whammy of weak earnings, labor dispute

SEOUL, Aug. 12 (Yonhap) — Hyundai Motor Co., South Korea’s top automaker, is facing a double whammy of sluggish earnings and a looming labor dispute, which have been sending its stocks lower for couple of weeks, watchers said Saturday. Hyundai Mot Source: Money

Samsung, LG mulling to release new flagships on same day

SEOUL, Aug. 12 (Yonhap) — South Korean tech giants are seeking to start sales of new flagship smartphones on the same day next month, industry sources said Saturday, amid intensified competition in the global market. Samsung Electronics Co. and LG Source: Money

(EDITORIAL from Korea JoongAng Daily on Aug. 12)

Less than robust response Tension has rapidly risen after North Korea threatened to fire four intermediate-range ballistic missiles into waters off Guam, where strategic American assets are based. A ferocious volley of threats between Pyongyang an Source: Money

(EDITORIAL from Korea Times on Aug. 12)

Quality of life of young people is presidential priority A recent survey by the Korea Employment Information Service, affiliated with the Ministry of Employment and Labor, contains some worrisome signals about the wellbeing and quality of life of Source: Money

(EDITORIAL from Korea Herald on Aug. 12)

Dangerously naive President Moon, South Koreans lack sense of crisis All the latest developments show that the confrontation between the US and North Korea is raising tension to the highest level in recent years. US President Donald Trump an Source: Money

S. Korean firms pledge more than 894 bln won for PyeongChang Winter Olympics

SEOUL, Aug. 12 (Yonhap) — Dozens of South Korean companies have pledged to sponsor more than 894 billion won (US$781 million) to the PyeongChang Winter Olympics, the PyeongChang organizing committee said Saturday. The pledge is about 5 percent shy Source: Money

Major refiners suffer weak Q2 earnings, set to see rebound in Q3

SEOUL, Aug. 12 (Yonhap) — South Korean oil refiners, led by top player SK Innovation Co., logged weaker than expected earnings in the April-June period due to low oil prices and inventory losses, but expect things to improve in the current quarter on Source: Money

U.S. Company Offers to Take Financial Risk of New MH370 Search

U.S. seabed exploration company Ocean Infinity said Friday it had offered to take the financial risk of a renewed search for the missing Malaysian airliner, as victims’ families urged the Malaysian government to agree to a private sector hunt for Flight 370’s wreckage.Malaysia, Australia and China s… Source: Culture