KFC Korea to double number of branches

http://www.koreaherald.com/view.php?ud=20170811000205

Samsung Chairman Lee Kun-hee resigns from International Olympic Committee

Samsung Group Chairman Lee Kun-hee has rescinded his membership in the International Olympic Committee. The IOC’s Executive Board announced Friday that Lee’s family has asked the IOC “not to consider Mr. Lee for re-election as an …

Chief science official steps down

Science, Technology and Innovation Office chief Park Ky-young leaves the Ministry of Science and ICT in Gwacheon on Friday. (Yonhap)Park Ky-young, President Moon Jae-in’s newly appointed senior science innovation chief official, …

Banks’ loan balance up despite mortgage control plan

Despite recently tightened restrictions on mortgage loans as part of the Moon administration’s anti-speculation measures, the total loan balance for major banks continued to rise, albeit slightly, with borrowers turning to credit…

Mirae Asset Daewoo to open Indian brokerage entity

Mirae Asset Daewoo, a leading asset manager here, will establish a brokerage business in India as early as within the year.The company appointed Ryu Han-suk, a manager from its Indonesian operation, as the head of the incoming ent…

KFC Korea to double number of branches

Kentucky Fried Chicken Korea is set to regain its market footing by doubling its number of local branches and strengthening online-to-offline services, the company said Friday.KFC Korea held a conference in Seoul to share its new …

Netmarble H1 sales surpasses 1 tln won

Netmarble Games, South Korea’s No. 1 mobile game developer and publisher, said Friday its sales for the first half of this year topped 1 trillion won ($980 million) on the back of the global popularity of its latest game “Lineage …

[Newsmaker] Korea on alert against market volatility over NK

South Korea’s government and central bank expressed concerns over increasing market volatility sparked by the unfolding conflict between the United States and North Korea, while stock market analysts attributed the latest decline…

Hankook Tire partially responsible for worker’s death: court

(Yonhap)The Seoul Central District Court ruled this week that Hankook Tire was partially responsible for the death of a factory worker surnamed Ahn who died of lung cancer caused by toxic chemicals in 2015.This marks the first rul…

Leaks, rumors reveal Galaxy Note 8’s specifications

With less than two weeks to go before Samsung Electronics debuts its new flagship phablet Galaxy Note 8 in New York, numerous leaks and rumors have surfaced, revealing the device’s specifications, price and release dates. Accordi…

US trade commission starts antidumping probe on Korean fiber product

The US International Trade Commission said Thursday it will launch an antidumping duty investigation into low melt polyester staple fiber imported from South Korea and Taiwan.The commission determined there was “a reasonable indic…

Korea plans to reduce electricity reserve rate by 2% in 2030

South Korea is planning to reduce the electricity reserve rate by up to 2 percent in 2030 amid its new energy policy to phase out nuclear power plants, the government said Friday.A government panel to outline the country’s biennia…

Korea’s overseas direct purchases surge in H1

Korea’s overseas direct investment fell slightly in the second quarter from a year earlier due to a drop in investments to China and Vietnam, government data showed Friday.Investment made by South Korean companies in other countri…

Venture firms’ exports soar 16% in H1

South Korean venture firms’ exports jumped 16 percent on-year in the first half of 2017 on strong shipments to major markets, a local trade body said Friday.According to the Korea International Trade Association, outbound shipment…

LG, Samsung tech firms sweep viral video ads chart

South Korea’s top two tech firms, Samsung Electronics and LG Electronics, swept the chart for the week’s most viral video ads, according to an advertising industry website Friday.LG’s “Nano Cell Super Match,” featuring a shooting …


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