Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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[Grace Kao] American racism against Stray Kids
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Samsung doubles down on Vietnam
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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NewJeans' members' parents complained to Hybe, email shows
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Controversy brews over shakeup of prosecutors amid probe of first lady
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Suspect behind murder of Korean tourist in Pattaya arrested
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Prosecutors summon pastor involved in Dior bag scandal
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Korea eyes leadership in advanced air mobility standardization
South Korea took the initiative to lead standardization in the global advanced air mobility sector as it launched the Global Association for Advanced Air Mobility, or G3AM, in Seoul on Tuesday. According to the Ministry of Science and ICT, the G3AM is the world’s first global association for AAM standardization. A total of 67 companies have joined the association as members, including Korean firms such as Korean Air, Hanwha Systems, Hyundai Motor, SK Telecom, KT and LG Uplus, the US&rsqu
MobilityMay 14, 2024
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Dyson debuts first wet floor cleaner WashG1
UK home appliance giant Dyson on Tuesday released WashG1, its first wet floor cleaner designed to pick up wet and dry debris in one go without a vacuum motor. The wet floor cleaner, equipped with a 1-liter clean-water tank, uses a combination of hydration, absorption and extraction technologies to remove wet and dry debris -- automatically separating them -- according to Dyson. "Cleaning floors can be very unhygienic, leaving smears and dirty marks and you usually have to vacuum first, so i
IndustryMay 14, 2024
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CJ CheilJedang beats Q1 earnings estimates on US sales
Korean food giant CJ CheilJedang beat earnings estimates in the first quarter of this year, largely driven by increased overseas sales. According to its regulatory filing Tuesday, the company posted 4.44 trillion won ($3.24 billion) in sales and 267 billion won in operating profits in the first months of the year. Its profits alone surged 77.5 percent from the same period last year. Its flagship food business reported 2.83 trillion won in sales and 184.5 billion won in operating profits, up 2.6
CompaniesMay 14, 2024
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Woori Bank joins race for 4th online-only lender
Woori Bank, a major commercial lender in South Korea, has entered the competition to secure a license for the country's fourth internet-only bank. An official from Woori Bank confirmed Tuesday that the company recently submitted a letter of intent to Korea Credit Data to join the firm's consortium to win approval to launch an internet-only bank. This marks the first time a local commercial bank has officially delivered its commitment to join the race. "Woori Bank has consistently
IndustryMay 14, 2024
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Kia rolls out new EV6 with longer range but no price hike
Kia has officially launched an upgraded version of the EV6 in the Korean market, with sales starting Tuesday and deliveries expected by June. "The new EV6 will launch internationally within this year," a Hyundai Motor Group official told the Korea Herald. This latest update, the first in about three years since August 2021, increases the maximum driving range to 494 km per charge, according to the Korean Ministry of Environment certification. This represents a 19 km improvement over t
MobilityMay 14, 2024
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TikTok girl surprised with Buldak Carbonara Ramen event
South Korean food giant Samyang Roundsquare, formerly Samyang Foods Group, surprised a young Texas girl who went viral on TikTok after receiving a multi-pack of Buldak Carbonara Ramen as a birthday gift. Adalynn Sofia's emotional reaction to receiving the spicy noodles garnered nearly 100 million views and 10 million likes on the platform since it was posted in early April. As a gesture of appreciation, Samyang Roundsquare organized a surprise event for the girl at her home. A bright pink v
ConsumerMay 14, 2024
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
In the realm of materials science, diamonds have long held a prestigious status for their unparalleled hardness and brilliance. Traditionally, the synthesis of these coveted gems has relied on high-pressure, high-temperature methods, representing a significant barrier to large-scale production. However, recent research by Rodney S. Ruoff and his team at the Center for Multidimensional Carbon Materials within the Institute for Basic Science has opened a new chapter in diamond synthesis -- growing
IndustryMay 14, 2024
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[Photo News] Taste of luxury in the sky
Korean Air said Tuesday that its first-class cabin food and beverage service has won the top awards from the US travel magazine, Global Traveler. The airline offers a diverse range of menu choices, paired with an exclusive wine program designed by renowned sommelier Marc Almert. Since last year, vegan menus based on traditional Korean temple cuisine have also been served. (Korean Air)
IndustryMay 14, 2024
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[Photo News] Hankook Tire in Europe
Hankook Tire will showcase its latest products at the Tire Cologne 2024 exhibition, slated to take place from June 4 to 6 in Germany, the Korea tire maker said Tuesday. Hankook Tire will present its electric vehicle-dedicated tire brand iON's new summer product, as well as the e-SMART City AU56, a tire type for electric buses, for the first time at the global exhibition. (Hankook Tire & Technology)
IndustryMay 14, 2024
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[H.eco Forum] Orsted drives Taiwan's renewable push with Asia's largest offshore farms
Orsted, a company that has transformed itself from one of Europe’s most carbon-intensive power generators into a global leader in green energy, is now seeking to lead the charge against climate change in Asia. In anticipation of the H.eco Forum 2024, scheduled to take place on Some Sevit in Seoul on May 22, The Korea Herald spoke with one of the session speakers, Christy Wang, chairperson of Orsted Taiwan, to discuss the company’s journey, its contributions to Taiwan's offshore
IndustryMay 14, 2024
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Seoul shares open almost flat ahead of US inflation data
South Korean stocks opened almost flat Tuesday as investors awaited a key US inflation report set to be released later this week. The benchmark Korea Composite Stock Price Index gained 0.51 point, or 0.02 percent, to 2,727.72 in the first 15 minutes of trading. Overnight, the S&P 500 closed almost flat, while the Dow Jones Industrial Average fell 0.2 percent. The tech-heavy Nasdaq composite gained 0.3 percent. Investors' eyes are on the US Consumer Price Index data for April due out Wed
MarketMay 14, 2024
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Import prices up for 4th month in April on higher oil prices
South Korea's import prices rose for a fourth consecutive month in April due to an increase in oil prices and the Korean won's decline against the US dollar, central bank data showed Tuesday. The import price index rose 3.9 percent last month from a month earlier following a 0.5 percent on-month gain the previous month, according to the preliminary data from the Bank of Korea. From a year earlier, prices also rose 2.9 percent last month following a 0.5 percent on-year decline the previ
EconomyMay 14, 2024
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Samyang shares soar on upbeat sales of Buldak ramyeon in US
Samyang Roundsquare shares rallied Monday, driven by investor expectations of the growing popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The shares soared to a record high of 353,000 won ($258) at one point in the morning before closing at 329,000 won. Over the past three months alone, the shares jumped more than 70 percent. Samyang's upward trajectory began in August 2023 when it posted record exports of its Buldak products in the second quarter. E
CompaniesMay 13, 2024
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China’s AliExpress, Temu sign rare pact in Korea to ensure product safety
Chinese e-commerce giants AliExpress and Temu signed a product safety agreement with Korea's Fair Trade Commission on Monday in the hopes of ensuring and protecting Korean consumers from harmful products being distributed and sold here through their platforms. The agreement marks the first of its kind signed by an overseas online platform operator in Korea regarding product safety. Particularly, Temu's involvement is noteworthy as this is the first time the company signed such an agree
IndustryMay 13, 2024
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Seoul shares almost flat ahead of US inflation data
South Korean stocks ended almost flat Monday as investors were cautious ahead of the release of US inflation data set to be released later this week. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 0.42 point, or 0.02 percent, to 2,727.21. Trade volume was slightly heavy at 614.2 million shares worth 12.9 trillion won ($9.4 billion), with losers outpacing winners 481 to 380. Last week, the Dow Jones Industrial Average gained ground for the fourth c
MarketMay 13, 2024
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Samsung doubles down on Vietnam
Samsung Electronics has pledged to increase its annual spending in Vietnam to $1 billion as the Southeast Asian country emerges as a strategic base for manufacturing in the region. According to industry sources on Monday, Samsung Electronics Chief Financial Officer Park Hark-kyu on Thursday met with Vietnamese Prime Minister Pham Minh Chinh in Hanoi to discuss business collaborations. During the meeting, the Samsung CFO noted how the company has invested $22.4 billion in Vietnam so far and share
IndustryMay 13, 2024
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Yuhan-Kimberly’s reforestation campaign marks 40th year
Yuhan-Kimberly announced Monday that its long-standing forest conservation campaign "Keep Korea Green" has reached its 40th anniversary this year. Originating in 1984, the campaign has evolved into a corporate social responsibility model rooted in cooperative governance, driving both societal and corporate development. Marking the campaign's 40th anniversary, Yuhan-Kimberly announced its achievements so far. Through the campaign, Yuhan-Kimberly has planted over 57 million trees ac
IndustryMay 13, 2024