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Thu, May 25, 2017 | 15:56

Economy >

'Sniper duo' praises LG Group, POSCO

The appointments of Kim Sang-jo and Jang Ha-sung, nicknamed “chaebol snipers,” by the Moon Jae-in administration are making major conglomerates here tense as the reformist professors are expected to bring dramatic changes to corporate governance structures. President Moon nominated Kim as head of the Fair Trade Commission (FTC) and named Jang the presidential chief of staff f...

Policies | 2017-05-24 16:59

Alicia Yoon finds her calling with Peach & Lily

One of the highest-flying manufacturing industries in Korea had been cosmetics and beauty products, despite being momentarily set back lately by increased Korea-China tensions over the deployment of a Terminal High Altitude Area Defense battery here. As the new Moon Jae-in administration sets sail, however, China is looking to relax its stance. Nevertheless, cosmetics and bea...

2017-05-24 13:45

Mirae Asset Life's general illness policy enjoys popularity

Mirae Asset Life Insurance said Wednesday that its new general illness whole life policy is enjoying popularity, as clients approved of its wide coverage and estimated generous yield. According to the firm, the policy, Variable Health Whole Life Insurance II, has complemented existing whole life policies covering critical illnesses. Most of policies covering critical illnesse...

Finance | 2017-05-24 17:00

Number of newborns keeps deceasing

The number of newborns kept decreasing in March, adding to concerns about the demographic cliff. Because marriage is decreasing while divorce is increasing, the low birth rate is likely to only worsen. Statistics Korea said Wednesday the number of newborn babies stood at 33,200 in March, down 13.1 percent from the previous year. It is the smallest figure for March since the statistical office started compiling the data in 2000. “Since marking a 2.4 percent drop in 2015 December, the number of newborns has been declining for 16 consecutive months year on year,” an official at the statistical ...

Policies | 2017-05-24 16:15

More firms putting irregular workers on regular payroll

Lotte and SK Broadband are among private enterprises adding irregular workers to the regular payroll, apparently in line with President Moon Jae-in’s labor policy to remove irregular jobs at state-invested public firms. Lotte Group subsidiaries have begun to check the number and labor conditions of their irregular employees. The nation’s fifth-largest conglomerate is also considering raising its minimum wage and improving labor conditions of those workers as well. Part-timers working for 7-Eleven and Lotteria, both operated by Lotte, are also expected to get salary boosts.

Policies | 2017-05-23 16:32

THAAD-hit stocks expected to rebound

Shares in cosmetics, tourism and car companies, among others that had been hit by a diplomatic row over the deployment of a U.S. anti-missile system here, are expected to post a rebound on improving investor sentiment, analysts said Tuesday. AmorePacific, Orion, Hana Tour and LG Household & Health Care stocks have recently bounced back on expectations the Moon Jae-in government might settle the dispute with the Chinese government. AmorePacific performed weak on Tuesday on profit-taking, correcting recent gains. The stock closed down 2.37 percent at 350,500 won. Hana Tour also lost 0.87 perce...

Finance | 2017-05-23 17:35

Higher education leads men to marry younger

Men with higher education levels tend to get married younger. On the other hand women with higher diplomas will likely get married when they are older, according to statistics released Tuesday. Statistics Korea said there is a correlation between education level and marriage. The average age of grooms with college diplomas or higher degrees getting married was 32.5 years old. Those who finished only high school, meanwhile, got married at 32.8, while the average age rose to 36.5 for those whose education stopped after middle school.

Policies | 2017-05-23 16:10

Park's impeachment