Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Exclusive] Democratic Party of Korea forms US election task force
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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Samsung, top banks to create W2tr green growth fund for SMEs
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Probiotics Dual Premium optimized for maximum health benefits
LG Life Science‘s premium health supplement brand Re:Tune has released a new probiotic supplement optimized for improving intestinal health and immunity, the company said Sunday.Probiotics Dual Premium utilizes a patented probiotic strain called DDS-1 produced by the American UAS Labs, and contains 50 billion lactic acid bacteria -- providing the maximum amount of probiotics recommended by the Ministry of Food and Drug Safety. http://theinvestor.koreaherald.com/companies_detail.php?q=LGLS(068870
IndustryJuly 3, 2016
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Incheon airport wins two int'l food-beverage awards
Incheon International Airport, South Korea's main gateway for air travelers, won two prestigious awards at this year's international food and beverage trade event, the airport authority said Sunday.The Incheon International Airport Corp. said it grabbed the Food & Beverage Marketing and Promotions Campaign of the Year and Food and Beverage-Related Innovation of the Year at the 2016 Airport Food & Beverage Conference and Awards event held in Geneva, Switzerland. From left are Choi Jeong-eun of In
IndustryJuly 3, 2016
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More rate cuts coming: Foreign IBs
More rate cuts coming: Foreign IBs By Lee Sun-youngKorea may choose to cut the policy interest rate further from the current record-low level in an effort to maximize the effect of its recently-announced stimulus package, some foreign investment banks predicted. According to the Korea Center for International Finance, JPMorgan and BNP Paribas noted the possibility of a fiscal-monetary policy mix in Korea in their recent analyst notes on the Korean Finance Ministry’s additional public spending pl
July 3, 2016
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Beverage market embraces safe packaging
Korea’s hot and humid summer weather makes keeping food fresh a challenge during the summer, and beverage brands are lining the shelves with specially packaged products to put health-conscious consumers at ease.Focusing on popular natural beverages like fruit juices and dairy, the packages are specially designed to keep heat and moisture out even when the products are kept at room temperature.Beverages using aseptic packaging. Clockwise from top left: Dole’s 100% Ice Juice Bar, Del Monte’s Farme
IndustryJuly 3, 2016
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Hyundai dismisses chances of imminent EV dominance
A senior researcher at Hyundai Motor has said that it will take much longer for electric vehicles to become mainstream in the global auto market than industry expectations.Global institutions including the International Energy Agency recently predicted that eco-friendly cars would secure more than half the global vehicle market share by 2030. Hyundai Motor“The prediction is too optimistic. In order for EVs to become mainstream like smartphones are now, there should be at least more than 100 asse
MobilityJuly 3, 2016
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Koreans' overseas card spending slows down in Q1
Overseas card spending by South Koreans slowed down in the first three months of the year amid the weakening won against the U.S. dollar, industry data showed Sunday.The total amount of card purchases made outside of the country reached $3.3 billion over the January-March period, up 2.7 percent from a year earlier, according to the data compiled by the Credit Finance Association.The on-year gain slowed sharply from a 13.8 percent jump tallied in the same period last year.The association attribut
July 3, 2016
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University students from 25 countries to take part in Korea water forum
University students from 25 countries will take part in a four day gathering in South Korea to discuss water environment issues facing the world, the Ministry of Environment said Sunday.The Korea Water Forum, which runs from Monday through Thursday at the Daegu Gyeongbuk Institute of Science and Technology, will involve 78 students representing their respective countries with participants exchanging views on water-related issues, the ministry said. Students will also be tasked with coming up wit
Social AffairsJuly 3, 2016
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KDB, Eximbank executives to return bonuses
Top executives of Korea Development Bank and Export-Import Bank of Korea have agreed to return bonuses ahead of state recapitalization, the lenders said Saturday. At KDB, a policy bank under fire for lax oversight of the companies it bailed out, four will give back the entire bonus cash they received based on last year’s performance. They include former CEO Hong Kyttack, who has earlier returned his 2015 salary.Hong, in February this year, moved to the Asia Infrastructure Investment Bank to tak
BusinessJuly 3, 2016
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LG revamps mobile division after weak sales of G5
LG Electronics has revamped its troubled mobile business division in a desperate effort to restore slowing profits after continuing failures of its flagship G phones, including the latest G5. According to the company on July 1, a new position, called “product management officer,” has been set up under president and CEO Cho Ju-no with aims to pour resources into developing premium smartphones. LG CEO and mobile chief Cho Ju-no(Yonhap)Two PMOs were announced on the day: Oh Hyeong-hoon, former head
BusinessJuly 3, 2016
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Hyundai Motor's Genesis top best car brand in Q2
Hyundai Motor Co.'s luxury car brand Genesis has become the most valuable car label in the second quarter in South Korea, a marketing firm said Sunday.According to the index released by Brand Stock Corp., Genesis rose 22 steps to finish at 24th place on the company's top 100 local and foreign brands in South Korea in the April-June period.Among car brands, Genesis ranked No. 1, relegating Hyundai's Grandeur, which was the previous title holder, to second place. The full-size sedan ranked 49th on
MobilityJuly 3, 2016
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Korean movies tap into Southeast Asian market
The South Korean film industry is tapping into the emerging Southeast Asia market by carrying out joint projects and engaging in technological exchanges, a state-run cultural institution said Sunday. The Korean Film Council, a Busan-based state-funded movie promotion agency, said it participated in a global networking event in Vietnam from June 22 to 24, that will allow it to expand the realm of local cinema. Dubbed "2016 K-Cinema Global Networking in Vietnam," the three-day event drew movie mar
IndustryJuly 3, 2016
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N. Korea may launch provocations to mark its strategic force anniversary: military
North Korea may launch a provocation to mark the newly designated anniversary of its Strategic Rocket Force, Seoul's military said Sunday.According to the Joint Chiefs of Staff, there is a possibility that Pyongyang will stage some sort of provocation to mark its rocket force's founding day, which falls on Sunday, and U.S. Fourth of July Independence Day."At present there are no out of ordinary signs that the North is planning something, but South Korean forces are maintaining high degree of vig
North KoreaJuly 3, 2016
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Passenger car sales lead domestic demand in Feb.-May
Brisk sales of passenger cars have led South Korea's domestic consumption in the February-May period on the back of the government's tax-cut programs, government data showed Sunday, raising concerns over a possible drop in demand following the end of such benefits.The South Korean government started the excise tax benefits from September last year to bolster retail sales, along with nationwide discount events to offset faltering exports, which have posted negative growth since January last year.
July 3, 2016
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Busan development plan to be revised in wake of airport expansion decision
The development plan for the western part of Busan will be revised following the government's decision to expand the existing airport that serves South Korea's No. 2 city, municipal authorities said Sunday.The move comes after the Ministry of Land, Infrastructure and Transport announced on June 21 that it will scrap its long-running plan to build a brand new airport to service the southeastern part of the country, and opted to expand existing infrastructure at Gimhae International Airport. The a
IndustryJuly 3, 2016
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Gov't to give more incentives to firms that hire disabled national honorees
South Korea will give more incentives to local companies that employ disabled soldiers and those that sustained injuries in the service of the country, the government said on Sunday. Ministry of Patriots & Veterans Affairs recently made a pre-announcement of legislation outlining expanded support for those with national honorees status, so as to get more companies to hire these people who have made sacrifices for the country. According to the changes, employing a wounded veteran or other honoree
Social AffairsJuly 3, 2016
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Major banks' home-back loans rise sharply in June
South Korea's major lenders saw their home-backed loans rise sharply last month amid the record-low borrowing costs and a boom in the local housing market, industry data showed Sunday.The outstanding amount of mortgage loans extended by five commercial banks -- Kookmin Bank, Shinhan Bank, Woori Bank, KEB Hana Bank and Nonghyup Bank -- reached 364.15 trillion won ($317.2 billion) as of end-June, up 4.84 trillion won from a month earlier, according to the data.The on-month gain marked the fastest
July 3, 2016
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Sales of hybrid cars in Korea soar in June
Sales of hybrid cars more than doubled last month in South Korea on the back of the popularity of new compact sports utility vehicle Niro produced by Kia Motors Corp., industry data showed Sunday.A total of 6,215 units of Korean-made hybrid cars were sold in June, up 140 percent from 2,617 a month earlier, according to the data.The June figure marked a monthly sales record, outnumbering the previous record of 6,061 units tallied in April.Kia Motors' Niro is spearheading the popularity, with 3,24
MobilityJuly 3, 2016
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Japanese embassy to host self-defense force founding event in Seoul
The Japanese embassy in Seoul will host an event marking the founding of the country's self-defense force next week, a local diplomatic source said on Sunday. The official insider said the embassy has recently sent out invitations to government and military officials, diplomats and politicians to mark the 62th anniversary of the Japan Self-Defense Forces. The event will be held at a Seoul hotel on July 12.The JSDF, which encompasses land, air and sea elements of Japan's military, was founded in
InternationalJuly 3, 2016