Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Middle East’s big AI push lures Korean tech firms
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Arrival of fall calls for more outdoor festivals
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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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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LG Electronics releases 77 inch OLED TV
LG Electronics has released a 77 inch TV powered by organic light-emitting diode technology, priced at 41 million won, the company said Tuesday.The product is the latest TV model in its LG SIGNITURE product lineup and a sequel to a 65 inch OLED TV released in March.Starting with South Korea, the electronic giant plans to release the premium TV in markets in the U.S., Europe and Asia, to expand its presence in the high-end TV category. The LG SIGNATURE OLED TV boasts luxury but sophisticated desi
TechnologyJuly 19, 2016
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Hyundai Motor, HHI unions strike
The unions of Hyundai Motor and Hyundai Heavy Industries on Tuesday launched a partial strike against the rupture of the wage negotiation. Two shift teams of the carmaker union staged the strike for two hours each while the heavy industries union did for three hours. This is the first collective strike of the two unions in 23 years when the federation of Hyundai Group’s unions launched it in 1993. The two unions hold a press conference before staging a collective strike in Ulsan, Tuesday. (Yonha
IndustryJuly 19, 2016
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Nexon to release ‘Chaos Chronicle’ in 136 countries next month
[THE INVESTOR] Nexon will release its new mobile role-playing game “Chaos Chronicle” in 136 countries, it announced on July 16. China was not included in the list. Developed by Wing Studio, this horizontal scroll game collects and nurtures 103 heroes into the strongest team, and is available in eight languages including Korean, English, Japanese, and Thai.NexonIn advance to the official release, pre-registration is available at the game’s website https://ccc.nexon.com until Aug. 3. All the regis
TechnologyJuly 19, 2016
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Naver’s online platform beckons illustrators
[THE INVESTOR] Grafolio, Naver’s online platform for creative contents, will host a Global Storypic Challenge to discover illustrators from around the world, it announced on July 19. Applicants are required to choose a theme on their own and upload an illustrated story, with more than 20 episodes, on Grafolio by Sept. 18. A total of 10 creators will be selected to post their works on the official pages and receive US$10,000 each to support their creative activities. Grafolio offers services in e
TechnologyJuly 19, 2016
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British Airways and KTX offer Busan-London package
British Airways signed an agreement Monday with KTX, Korea’s express train operator, and the Busan Tourism Office to make travel from Busan to Europe easier, the airline said.The agreement, which takes effect on Oct. 1, will allow travelers in Busan to take British Airways’ flights out of Incheon, after taking a KTX train directly from Busan to Incheon International Airport. Until now, many flyers of British Airways had taken a domestic flight from Busan as a stopover before taking off from Inch
IndustryJuly 19, 2016
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Samsung Biologics, Sillajen likely to be listed by year-end: analysts
[THE INVESTOR] Samsung Biologics and Sillajen are likely to be listed by the end of this year, according to analysts on July 19. Samsung Biologics is preparing to apply for preliminary assessment by the Korea Exchange by August this year. Once listed, the stock value is expected to reach around 10 trillion won (US$8.77 billion). The company posted a second straight year of loss in 2015, with the amount widening to 203.6 billion won from 119.5 billion won in 2014. Samsung Biologics headqartersAna
July 19, 2016
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Shake Shack vows original quality in Korea
Ahead of the opening of Shake Shack's first outlet in South Korea this Friday, its Korean licensee SPC Group vowed to make the brand available locally at the same quality and pricing scheme it boasts abroad. Shake Shack and SPC Group on Tuesday shared their collective vision and agenda for the burger brand’s business in Korea during a press conference at Shake Shack’s first store near Gangnam Station in southern Seoul.Shake Shack’s first outlet in Seoul near Gangnam Station (SPC Group)“In launch
IndustryJuly 19, 2016
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Korea seeks sales ban of Ikea dressers
[THE INVESTOR] South Korea’s Ministry of Trade, Industry and Energy said on July 19 it is considering sales ban of Ikea dressers that are blamed for the deaths of at least six toddlers in falling accidents.The Korean unit of Ikea said it was reviewing the request. Amid the extending recalls around the world, some 100,000 units of the dressers are believed to have been sold in Korea over the past months. The ministry added that Ikea is not making enough efforts to inform consumers about its recal
IndustryJuly 19, 2016
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KEPCO eyes renewable energy development in Mongolia
[THE INVESTOR] Korea Electric Power Corp., South Korea’s state-run power utility firm, eyes to develop renewable energy with Mongolian and Japanese firms. Cho Hwan-ik, KEPCO CEO, signed a memorandum of understanding with Enkhbold Nyamjav, CEO of Mongolian energy company Newcom Group and Shigeki Miwa, CEO of Japan’s Internet firm SoftBank, to cooperate and make joint investments in the solar and wind power projects in Mongolia, KEPCO said on July 19. (From left) SoftBank CEO Shigeki Miwa, KEPCO C
IndustryJuly 19, 2016
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[DECODED] Samsung, a giant in transition
A big question mark hangs over Korea’s top conglomerate, the Samsung Group.With its chairman Lee Kun-hee ill and bedridden for the past two years, succession looms large at the colossal corporate empire, which alone accounts for roughly a fifth of the nation’s economy. The market knows who the successor is -- Lee’s only son Jae-yong, but has little clue as to what steps the group will take to pass on control to him. To be sure, Lee Jae-yong, Samsung Electronics vice chairman, has been the group’
IndustryJuly 19, 2016
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Seoul stocks snap 6-day winning streak on profit-taking
Korean stocks fell 0.21 percent Tuesday, snapping a rise for six straight sessions, as investors attempted to cash in on recent gains. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 4.22 points to close at 2,016.89. Trade volume was moderate at 377 million shares worth 3.69 trillion won ($3.25 billion), with losers outnumbering gainers 482 to 296.The local stock market opened lower on profit-taking. Last week, the KOSPI surged 2.76 percent on the
July 19, 2016
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[Hallyu Power] Making it in the home of pop
The next big breakthrough for K-pop -- and global pop music in general -- will be born from a collaboration between the newfangled genre and traditional British pop, believes Shin Jae-hong, a composer-turned-enterpreneur.While most major K-pop agencies, such as S.M., YG and most recently FNC Entertainment, are looking toward China for expansion, Shin decided to turn his attention to the U.K., the “homeland of global pop music” that yielded icons like the Beatles, Oasis and the Spice Girls, he to
PerformanceJuly 19, 2016
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LG Display doubles 65-inch OLED panel production in Q2
[THE INVESTOR] LG Display, the display-making unit of LG Group, has almost doubled production of its 65-inch organic light-emitting diode panels in the second quarter, as more TV manufacturers are adopting the larger OLED displays. According to UBI Research, a local research firm specialized in OLED, the company shipped about 140,000 65-inch OLED panels in the March-June period, compared to some 28,000 units shipped in the first quarter. The increased shipments of LG, the No. 1 player in the la
TechnologyJuly 19, 2016