Most Popular
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[Grace Kao] American racism against Stray Kids
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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Controversy brews over shakeup of prosecutors amid probe of first lady
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OpenAI gives ChatGPT new powers to see, hear
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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S. Korea to inject $70m into AI-powered public education
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
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Korean industries gauge impact of Biden's steep tariffs on China
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[Photo News] Riding the wave
A model of an electric wave monitoring aircraft is on display at a booth at the 2024 Land, Infrastructure and Transport Technology Fair, held at Coex in Gangnam-gu, southern Seoul, Wednesday. Organized by the Transport Ministry, the exhibition, which runs until Friday, features a total of 300 booths operated by 220 transportation and technology-related organizations. Visitors have the opportunity to experience firsthand how various technologies in the land and transportation sector, including ur
May 15, 2024
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LG Electronics strengthens medical robot services
LG Electronics joined hands Hanllym University Sacred Heart Hospital as part of its effort to strengthen medical robot services with its “affectionate intelligence” robot, Cloi, the company said on Wednesday. In an agreement, LG and the hospital agreed to collaborate to discover various scenarios of when robots can be used in medical institutes, and establish demonstration cases within domestic and international medical institutions. "With LG's Cloi robot taking charge of r
May 15, 2024
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Korean display makers show off next-gen OLED technologies at SID event
Samsung Display and LG Display presented the next-generation organic light-emitting diodes and Quantum dot panel technologies at this year’s Display Week 2024 in the US. Samsung introduced the industry's first quantum dot light-emitting diode display, the next-generation self-luminous technology, at SID Display Week 2024. The event, hosted by the Society for Information Display, kicked off Tuesday in San Jose, California, and runs until Thursday. The new technology implements RGB pixe
May 15, 2024
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Is FTC's conglomerate listing a boon or bane for Hybe?
Hybe, the K-pop giant housing BTS, has become the first Korean entertainment firm to be designated a conglomerate by the country’s antitrust regulator, as its assets swelled big enough to fulfill the same tougher obligations as other large business groups. The Fair Trade Commission included Hybe along with five other firms in the list of conglomerates Tuesday, thanks to the boy band's enormous popularity and profitability alongside the agency’s active mergers and acquisitions
May 15, 2024
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Korean industries gauge impact of Biden's steep tariffs on China
Korea is closely evaluating potential impacts on its key manufacturing sectors in response to steep US tariff hikes on key Chinese imports hoping to capitalize on any advantages while bracing for potential supply chain disruptions globally. US President Joe Biden on Tuesday announced tariff hikes against Chinese imports, targeting a range of products including electric vehicles, legacy semiconductors, advanced batteries, battery components, solar cells, steel, critical minerals, aluminum and med
May 15, 2024
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Coupang's Kim Bom escapes chaebol chief designation again
South Korean e-commerce giant Coupang's founder and CEO Kim Bom was excluded from the list of chaebol chiefs designated by the Korean antitrust regulator, marking the fourth time since 2021 when Coupang entered the realm of large conglomerate groups with assets exceeding 5 trillion won ($3.6 million). The Korea Fair Trade Commission announced Wednesday an updated list of 88 large conglomerates for this year, all subject to disclosure of activities, followed by rigorous monitoring and accoun
May 15, 2024
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HD Hyundai Electric gets MSCI nod; Kakao Pay misses out
Energy solution provider HD Hyundai Electric will be added to the Morgan Stanley Capital International Korea Index, alongside two other domestic companies, according to the index operator Tuesday. The MSCI Index is an influential market benchmark published by the US investment bank Morgan Stanley. Tracked by the global investment industry, the index measures the performance of the stocks included in its listing. The shares of three Korean companies, including HD Hyundai Electric, biotechnology c
May 15, 2024
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Hana Financial chairman promotes fight against plastic waste
Hana Financial Group Chairman Ham Young-joo joined the "Bye Bye Plastic Challenge" to increase awareness of the need to reduce plastic waste, according to the firm Wednesday. Appointed by Community Chest of Korea Chairman Kim Byong-joon, Ham joined the social media campaign, first initiated by the Ministry of Environment in August last year. Ham promoted the need to combat plastic pollution for the environment by holding discussions with Hana Financial employees at its office in centra
May 15, 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
May 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
May 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
May 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)
May 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)
May 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
May 14, 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
May 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
May 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
May 13, 2024
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K bank racks up record earnings ahead of market debut
South Korea's internet-only lender, K bank, witnessed a significant improvement in its earnings as it gears up for its market debut this year. The bank announced Monday that its net profit in the first quarter surged nearly fivefold to 50.7 billion won ($37 million), from 10.4 billion won in the same period last year, reaching a new quarterly high. The bank stated the record performance results from a balanced growth in both deposit and loan balances, which increased by 25.7 percent and 6.6
May 13, 2024
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Toss Securities logs record quarterly profit in Q1
Toss Securities, the online-only brokerage arm of Korean fintech giant Viva Republica, continues its upward trajectory, marking a significant milestone with its highest-ever quarterly net profit in the first quarter. The company announced Monday that its net profit soared to a record 11.9 billion won ($8.7 million) in the first quarter, rebounding from a net loss of 400 million won in the same period last year. This figure is equivalent to eight times the annual net profit of 1.5 billion won rec
May 13, 2024
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Woori Financial ready to bulk up
South Korean financial services conglomerate Woori Financial Group is seeking to diversify its business portfolio beyond banking in an apparent move to take on its bigger rivals here. Among the nation’s top four financial groups, Woori has long remained the smallest in terms of sales. Last year, Woori was the only one to post less than 3 trillion won ($2.2 billion) in earnings, with its net profit standing at 2.51 trillion won. KB, the No. 1 financial group, recorded 4.63 trillion won in n
May 13, 2024