Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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[KH Explains] Can smart chargers ease tensions over EV fires?
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40% of Korea's workers who reported bullying faced retaliation: survey
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Arrival of fall calls for more outdoor festivals
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[Kosdaq Star] Explosive growth of Hugel attracts foreign funds
Hugel, a runner-up in the Botulinum toxin market, was in the spotlight last week, as it attracted the largest funds from foreign investors on the Kosdaq this year. According to a report by the Korea Exchange, the pharmaceutical firm received a total of 202.2 billion won ($181 million) in foreign investments as of Aug. 10, marking its rise as a new Kosdaq star. The company’s share price jumped from 180,100 won in late 2015 to 439,900 won as of Friday. Its stocks were flying high Friday as investo
Aug. 22, 2016
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LF‘s Hazzys expands collaboration with Danish designer
Hazzys, an apparel and accessories brand under a leading fashion group LF, said Monday that it has expanded its collaboration with Danish designer Peter Jensen for its 2016 fall/winter collection. “Backed by vigorous support from customers for the spring/summer collection, we expanded Hazzys X Peter Jensen collaboration by introducing a wider range of items,” said Lee Ji-eun, the director of LF Hazzys Men, in a statement. Hazzys-Peter Jensen 2016 fall/winter collection (LF)Hazzys, a young casua
IndustryAug. 22, 2016
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Korea Gas Corp. to place orders for two ships
State-run Korea Gas Corp. said Monday that it would place an order for two gas transport ships to local shipbuilders as part of the moves to support the ailing industry. The company said it moved up the order date from late next year to early next year for two LNG carriers, considering the circumstances of the Korean shipbuilding industry. Building the carriers with the size of 3,500 tons will each cost about 150 billion won ($133 million), the company said. Korea Gas Corp also vowed to ask for
IndustryAug. 22, 2016
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Ottogi launches army stew instant noodles
Ottogi, a leading food company here, released an instant noodle product inspired by budae ijigae, or Korean army stew, earlier this month, the company said Monday.Budae jjigae is a popular Korean dish made with kimchi, processed meats and baked beans, among other ingredients. Ottogi’s latest instant noodle product, the Budae Jjigae Ramen. (Ottogi)Ottogi used beef leg bone broth as a soup base for its product to produce a deeper and spicier taste. It also used noodles that are extra chewy in tex
IndustryAug. 22, 2016
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Korea, China, Japan to hold foreign ministers' meeting this week
Top diplomats of South Korea, China and Japan will hold a meeting this week to discuss cooperation and make preparations for a summit of their heads of state likely to be held this year, the foreign ministry here said Monday.South Korean Foreign Minister Yun Byung-se will meet with his Chinese and Japanese counterparts, Wang Yi and Fumio Kishida, in Tokyo on Tuesday and Wednesday, according to the ministry. (Yonhap)
Foreign AffairsAug. 22, 2016
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Korean economy ridden with downside risks: think tank
The South Korean economy is expected to attain 2.6 percent growth this year, the same rate recorded in 2015, as sluggish domestic spending and shrinking exports continue to weigh on Asia's fourth-largest economy, a local think tank said Monday.Its growth will likely slow to 2.4 percent in the second half following an estimated 3 percent growth in the first half, the Korea Institute of Finance said in a report."Private consumption is expected to post 1.4 percent growth in 2016, lower than 2.2 per
Aug. 22, 2016
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Vacuum industry Olympics opens in Korea
A gathering of professionals from academic and industrial research communities in the fields of materials, coatings and surfaces worldwide opened for an eight-day run in the coastal city of Busan on Monday.The opening ceremony for the 20th International Vacuum Congress(IVC-20) brought together about 1,000 people, including Busan Mayor Suh Byung-soo; Mariano Anderle, chief of the International Union for Vacuum Science Technique and Application; and Kang Hee-jae, head of the IVC-20 organizing comm
TechnologyAug. 22, 2016
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Samsung likely to roll out budget smartphone in India
Samsung Electronics is predicted to launch its new Tizen-powered smartphone Z2 in India this week, despite continued lackluster sales of the budget mobile products, according to analysts said on Monday. The South Korean electronics giant sent out invitations to the Indian press for a product launch event slated for Tuesday.Source: GSM ArenaThe invitations did not specify the product to be unveiled, but industry insiders say that the event will be about Samsung releasing its new Tizen-based phone
TechnologyAug. 22, 2016
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Nat'l Assembly speaker vows to forge work-hard climate
National Assembly Speaker Chung Sye-kyun on Monday vowed to forge a parliamentary climate in which lawmakers work harder and pass uncontested economic bills in a timely manner.During a speech at a forum, hosted by the Korea News Editors' Association, Chung also said that the Assembly is pushing to establish a voting information system, which will reveal how actively each lawmaker carries out his or her legislative duties. The system will be up and running by the time the regular parliamentary se
PoliticsAug. 22, 2016