Most Popular
-
1
Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
-
2
Thousands rally in Seoul to call for Yoon's resignation
-
3
Most teen sex offenders get away with slap on wrist
-
4
FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
-
5
Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
-
6
Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
-
7
Suicide attempts spike among youth in Korea
-
8
[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
-
9
Panmunjom tours for select Korean nationals may resume in October
-
10
Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
-
M&A inevitable for tech sector convergence
The continuing convergence of industries -- with new technologies impacting everything from production to services -- is set to accelerate dealmaking here as companies seek to seize competitive advantage, a mergers and acquisitions expert said. “In this era of convergence when different areas of technology are merging everywhere, M&A is the only way for companies to survive,” said Lee Chang-hun, chairman of Korea M&A Exchange, an M&A matchmaking platform, in an interview with The Korea Herald at
April 4, 2016
-
Korea to crack down on illegal immigrants
The government said Monday it will clamp down on foreigners staying in South Korea without proper visas and reduce the rate of illegal aliens in the country below 10 percent by 2018.The government will selectively allow entry to foreigners with low possibility of violating the immigration control law and beef up screening of visa issuance, it said during a planning committee meeting on foreigners policy held in Seoul.The government's move is in response to a recent series of airport-related secu
Social AffairsApril 4, 2016
-
Samsung Bioepis files lawsuit against AbbVie on Humira patents
South Korean biosimilar developer Samsung Bioepis has filed a lawsuit against the original maker of the world’s top-selling rheumatoid arthritis drug Humira (adalimumab), to make way for the market debut of its Humira biosimilar. The Samsung Group affiliate and its partner and minority shareholder Biogen filed a suit in the U.K. on Mar. 24 challenging a number of patents held by U.S. pharmaceuticals giant AbbVie on Humira. It is the U.S. firm’s top-valued drug, having generated sales of $14 bill
IndustryApril 4, 2016
-
[Photo News] Korean food in the air
KOREAN FOOD IN THE AIR - Celine Balmelle, general manager of Air France-KLM in Korea (far right) and chef Kim Youn-young of Korean restaurant Woonsan (center), pose at Woonsan in Yeouido, Seoul on Monday, with the new in-flight Korean food menu to be offered on Air France’s business class between Paris and Seoul. The new Korean menu includes bibimbap, bulgogi, steamed ribs and spicy stewed chicken. (Yonhap)
IndustryApril 4, 2016
-
Korean Air to begin regular flights to Okinawa
Korean Air, the country’s largest airline, will begin servicing regular flights to Okinawa from Incheon, the company said Monday.Starting May 5, the airline will add seven regular flights a week to the southern Japanese city. Korean AirThe route will be mainly serviced by the 248-seat Boeing 777-200 plane, which is fitted with the luxury Kosmo Suite and Prestige Sleeper. The flight from Incheon to Okinawa takes approximately 2 1/2 hours.Okinawa is one of Japan’s most popular tourist destinations
IndustryApril 4, 2016
-
Mr. Pizza chairman faces police probe over alleged assault
The police has summoned the chairman of MPK Group, which runs the Korean pizza chain Mr. Pizza, over an allegation that he assaulted a security personnel for pulling down the shutter of a building where he was having dinner.Investigators at the Seodaemun Police Station said Monday that they have demanded that MPK chairman Jung Woo-hyun appear for questioning by Thursday. MPK chairman Jung Woo-hyunThe investigators said the chairman was dining at a restaurant owned by his group on Saturday, but
IndustryApril 4, 2016
-
Stocks close higher on foreigners after trading flat
Korean shares closed higher Monday on the back of foreigners, although the market traded sluggish earlier in the session as investors eyed the U.S. Federal Open Market Committee‘s March minutes to be announced later this week, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index moved up 5.4 points, or 0.27 percent to finish at 1,978.97. Trading volume was moderate at 357.9 million shares worth 4.21 trillion won ($3.73 billion), with gain
April 4, 2016
-
[News Focus] Tesla secures upper hand over suppliers
Tesla Motors, upbeat on soaring orders for its new $35,000 full-electric family sedan Model 3, seems to have already secured an upper hand in its upcoming talks with suppliers. Since the much-hyped prototype was unveiled Friday, preorders have surged to 276,000 in just three days. Deliveries will start late 2017 but long lines at Tesla stores were reminiscent of the crowds at Apple stores for early models of the iPhone. Now parts makers, especially those making the key parts such as batteries an
TechnologyApril 4, 2016
-
Government to invest W100b to develop supercomputers
The Korean government has rolled up its sleeves to develop more advanced supercomputing systems than AlphaGo after the artificial intelligence by Google’s DeepMind defeated the nation‘s human Go master last month.Behind the learning and calculation prowess of AlphaGo are supercomputing systems made of more than 1,400 central processing and graphic processing units and application software.China’s supercomputer Tianhe-2 (Yonhap)The Ministry of Science, ICT and Future Planning announced Monday a p
TechnologyApril 4, 2016
-
Korea seeks to foster insect industry
From healthy snacks to cosmetics, the government is seeking to expand the use of insects in everyday items through a five-year comprehensive plan released on Tuesday.Calling it a future growth strategy, the Ministry of Agriculture, Food and Rural Affairs said it aims to increase the size of the nation’s insect market to 500 billion won ($436 million) by 2020 from 303 billion won in 2015. To enhance the quality of products and expand distribution channels, the government will encourage farmers to
IndustryApril 4, 2016
-
12cm begins smart stamp service at Japan’s FamilyMart
On March 30, the O2O (Online to Offline) service company 12cm (CEO: Jeong Gyoun Han) announced that it recently began offering its smart stamp service at FamilyMart, the well-established Japanese convenience store franchise chain. 12cm’s smart stamp service uses a stamp-type system designed exclusively for use with smartphone touchscreens to connect mobile coupons, tokens, and gift cards with offline stores and conduct promotional events. The service currently being offered “stamps” a coupon int
TechnologyApril 4, 2016
-
Hanwha Total pays record-high dividends
Hanwha Total, one of the three chemical units of Hanwha Group, is set to pay its shareholders a record high of 434.1 billion won ($377 million) in cash dividends for 2015, the company said Monday. Given the company gained a net profit of 515.6 billion won last year, the firm’s propensity to pay dividends soared to 84.2 percent from zero in 2014. “The decision on high dividend payment is linked to improved earnings last year, based on the corporate rulings,” a company spokesperson said. The chem
BusinessApril 4, 2016
-
Car in transit to smart device: Hyundai CEO
Hyundai Motors America CEO David Zuchowski has forecast that a car will eventually evolve into a smart device combining the know-how of both tech firms and automakers. “We need to embrace technology like everybody else is,” Zuchowski said in a recent interview with CNBC. David Zuchowski, CEO of Hyundai Motors America (Hyundai Motors America)He shared insights on the changing landscape of the auto industry. In the face of growing competition from tech giants, such as in the area of self-driving c
MobilityApril 4, 2016
-
Song Joong-ki to return to big screen
Actor Song Joong-ki will return to the big screen in director Ryoo Seung-wan’s upcoming film “Battleship Island.” The film will depict the story of 400 Koreans who were taken to Battleship Island -- also known as Hashima Island -- to carry out forced labor during the Japanese colonial era. They desperately try to escape from the island.Song Joong-ki stars in “Descendants of the Sun” (KBS2) Song will play the role of a soldier in the Korean Liberation Army fighting for Korea’s independence from J
FilmApril 4, 2016
-
New red ginseng drink for middle-aged women
The Korea Ginseng Corp. has released a new health drink for middle-aged women going through menopause, the company said Monday.Called “Hwa Ae Rak Jin,” the drink has been approved by the Ministry of Food and Drug Safety for use as a health supplement to alleviate the effects of menopause. Hwa Ae Rak Jin (Korea Ginseng Corp.) Hwa Ae Rak Jin is made from KGC’s signature six-year red ginseng extract, as well as traditional medicinal ingredients like deer antlers and angelica. The red ginseng used i
IndustryApril 4, 2016
-
Asiana Airlines opens Yichang route for 2 months
Asiana Airlines will be operating a route from Incheon to Yichang in Hubei province, China, for two months, the company said Monday.The route will operate Wednesdays and Saturdays until June 1.“The scenery in Yichang is especially beautiful between spring and summer, and the limited-time route will help us to promote the destination to our customers,” a spokesman for Asiana Airlines told The Korea Herald.According to the airline, the addition of the new route is part of Asiana’s efforts to stren
IndustryApril 4, 2016
-
Park Hae-jin breathes life into fading Chinese show
Actor Park Hae-jin starred in Chinese variety show “Happy Camp” on April 2, topping the ratings with a 2.46 percent viewership share, the actor’s agency Mountain Movement announced Monday. Park is credited with having brought the slowly withering show back to life. Actor Park Hae-jin stars in Chinese variety show “Happy Camp,” on April 2. (Mountain Movement) On the TV show, Park reproduced romantic scenes from tvN’s TV drama series “Cheese in the Trap,” with other female stars. He also showed gr
TelevisionApril 4, 2016
-
Major Korean directors set for comeback
Some of Korea’s most internationally renowned directors are gearing up for a comeback this summer with projects that are pricier and on a grander scale than before, promising audiences a vigorous movie scene in the upcoming months. The level of Hollywood involvement in the local movie industry this year is significant, indicating that the country’s $1.52-billion film market -- led primarily by domestic films -- is becoming increasingly significant to foreign investors. It is also a testimony to
FilmApril 4, 2016
-
Female NK soldiers exposed to rape, abuse
Female soldiers in North Korea are subjected to rape and severe human rights violations while authorities turn a blind eye, a North Korean defector revealed.New Korea Women’s Union representative Lee So-yeon, 41, recently held a conference in Seoul for the event of International Women’s Day and testified to the appalling women’s rights in the North, saying that sexual abuse is endemic and “there is no concept of dignity for women.” Lee, a former soldier of the North Korean regime, said in the co
North KoreaApril 4, 2016
-
Iran oil exports surpass 2 million barrels: minister
TEHRAN (AFP) -- Iran's oil exports have surpassed 2 million barrels per day following the lifting of sanctions under its nuclear deal with world powers, Oil Minister Bijan Zanganeh said on Sunday.“Iran’s oil and gas condensate exports are now at more than 2 million barrels per day” after rising by 250,000 bpd since March 1, the ministry's Shana news service quoted Zanganeh as saying.Iran has doubled exports since its nuclear accord took effect on January 16.Iran, an OPEC member, has the world’s
World BusinessApril 4, 2016