Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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Yoon honors veterans of Korean War in trip to Philippines
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Seoulites celebrate coexistence at Wellness Seoul 2024
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'Culinary Class Wars' producers deny trying to spice up results
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Ex-president's daughter investigated for drunk driving accident
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Citigroup to choose finalists for Asian digital accelerator
The finalists for the Citi Mobile Challenge Asia Pacific, hosted by Citigroup, will be selected this Wednesday, company officials said.The Citi Mobile Challenge is a digital acceleration program that holds hackathons, and looks for those who can present consumer and business solutions for Citigroup.Programmers from all over the world and Asia Pacific have been invited, including individuals and organizations from Korea.Finalists from Citi Mobile Challenge in Europe, the Middle East and Africa pr
Oct. 12, 2015
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Smaller firms' factory operations sink on weak demand
Factory utilization by small and medium-sized manufacturers in South Korea continued to drop in August, a poll showed Monday, suggesting they have been hit hardest by shrinking exports and local consumption. According to the survey of 3,169 manufacturing companies here by IBK Economic Research Institute, their factory utilization rate came to 70.2 percent in August, down 1.2 percentage points from the same month last year. The private think tank did not offer a rate for large manufacturers, bu
Oct. 12, 2015
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[Herald Interview] Wildland fire conference opens forum to youth
The sixth International Wildland Fire Conference, which opens Monday in Pyeongchang, Gangwon Province, will launch a youth program for university students to present their thesis, said the director general of the International Affairs Bureau at the Korea Forest Service.“We set up a thesis presentation platform to encourage undergraduates and graduate students studying fire to attend the conference, as well as present their thesis on fire-related legacies, local communities and a combined strateg
Oct. 11, 2015
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Hosting International Wildland Fire Conference
The heart-breaking news came in July 2013, not long after my ministerial inauguration at the Korea Forest Service. Nineteen brave young firefighters died on duty in the outbreak of the wildland conflagration in Arizona in the United States. This was the highest death toll of firefighters in a single fire accident since the 9/11 terrorist attack. Since then, reports of large-scale fires around the world have continued sending shockwaves. As head of the nation’s forest agency, I was astounded by t
Oct. 11, 2015
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U.N. sends special representative to wildland fire forum
Margareta Wahlstrom, special representative of the U.N. secretary-general for disaster risk reduction, is one of key figures to attend the sixth International Wildland Fire Conference.Wahlstrom has extensive experience in disaster relief and disaster risk management with both the U.N. system and the International Federation of Red Cross and Red Crescent Societies.She was first appointed by U.N. Secretary-General Ban Ki-moon in November 2008 to head the United Nations Office for Disaster Risk Red
Oct. 11, 2015
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Wildland Fire Conference kicks off in Pyeongchang
The sixth International Wildland Fire Conference kicks off in Pyeongchang on Monday, drawing thousands of participants to address the global initiative on protecting natural and cultural heritages from fire.Some 3,000 foreign officials and experts in natural disaster, forest and culture from 80 nations, including Margareta Wahlstrom, first special representative of the U.N. secretary-general for disaster risk reduction and the head of UNISDR, will participate in the international wildland fire s
Oct. 11, 2015
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Kakao chairman again embroiled in gambling scandal
Kakao chairman Kim Beom-soo was again dragged into a gambling scandal that has swirled in the market over the past couple of years. This time, Korean prosecutors have reportedly obtained information from the U.S. Department of Justice and the Department of Treasury that Kakao mobile messenger founder Kim had spent 20 hours and 51 minutes at the Bellagio Hotel in Las Vegas in 2007, when he served as NHN global CEO. He betted an average of $2,440 per session and lost $16,993 within the night, loca
Oct. 11, 2015
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Lotte founder vows legal battle against son
Lotte Group general chairman Shin Kyuk-ho on Sunday declared a legal war against his second son and Lotte chairman Shin Dong-bin over the succession of the nation’s retail giant.Lotte Group general chairman Shin Kyuk-hoLotte chairman Shin Dong-binThe senior Shin also showed his intention to transfer the helm of the 90 trillion won-business empire to his eldest son Shin Dong-joo, who was dismissed from all managerial positions of the conglomerate that encompasses Asia and the U.S. after losing th
Oct. 11, 2015
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Daelim Industrial wins deal to build water power plant in Indonesia
A consortium led by Daelim Industrial Co., South Korea's fourth-largest builder, has won a deal valued at 269.3 billion won ($231.9 million) to build a hydroelectric power plant in Indonesia, the company said Sunday.Daelim Industrial joined hands with Italian construction firm Astaldi SpA. and Indonesian state-run Wika to clinch the Upper Cisokan Pumped Storage Power Project in West Java, funded by the World Bank. The South Korean firm holds a 1,077 billion-won stake in the project, according to
Oct. 11, 2015
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SK Innovation moving to boost presence in Indonesia
SK Innovation Co., South Korea's top refiner, said Sunday it is ramping up efforts to tap into the Indonesian market in a bid to diversify its export markets.SK Innovation said it has recently won a series of orders from PT Pertamina, Indonesia's state-owned oil and natural gas corporation, to provide petroleum products, beating global competitors.The winning of the contracts is part of SK Innovation's efforts to make inroads into Indonesia, which has emerged as a new export market for South Kor
Oct. 11, 2015
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8 Hyundai, Kia models top China's customer survey
Eight models of South Korean carmakers Hyundai Motor Co. and Kia Motors Corp. have won top marks in a Chinese customer satisfaction survey, the companies said Sunday.Hyundai's Tucson ix, ix25, Santa Fe, Mingtu and Langdong, and Kia's K2, K3 and KX3 scored the highest in their respective categories in the 2015 China Automobile Customer Satisfaction Index .Hyundai retained first place for the second year in a row in car maintenance satisfaction.The CACSI is published by the China Quality Associati
Oct. 11, 2015
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Daewoo Shipbuilding estimated to have additional 1 tln-won loss: sources
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, is estimated to hold an additional 1 trillion won ($861 million) in losses from overseas units that have not yet been reflected in its balance sheet, industry sources said Sunday.In the second quarter, the shipyard posted a record 2.39 trillion won in net deficit, a sharp turnaround from a 76 billion-won profit during the same period a year earlier, as it added the increased costs from a delay in the construction of l
Oct. 11, 2015
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KEPCO hosts int'l electric power technology exposition
SEJONG (Yonhap) – South Korea's state electric utility company said Saturday that it will host an international exposition highlighting the advances made in the power industry and promoting the exchange of know-how.The Bitgaram International Exposition of Electric Technology (BIXPO) that will run from Monday through Wednesday in the city of Gwangju, 330 kilometers south of Seoul, is to be attended by 2,000 engineers, inventors, scholars and power company representatives from 35 countries, state-
Oct. 10, 2015
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iPhone 6s to launch in Korea on Oct. 23
U.S. tech giant Apple Inc.'s latest iPhone 6s series is set to reach the South Korean market, industry sources said Friday, signaling another battle with domestic brands such as Samsung and LG.The iPhone 6s and iPhone 6s Plus, first showcased last month, will be available for purchase through the country's three mobile carriers on Oct. 23, the source said. Pre-orders are expected to start on Oct. 16.The devices first landed in a handful of countries including the United States and China on Sept.
Oct. 9, 2015
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Volkswagen Korea chief apologizes, vows recall
The South Korean unit of German carmaker Volkswagen apologized Thursday for an emission-rigging scandal and vowed to take “all necessary measures” including a voluntary recall of the vehicles in question.The scandal erupted after it was revealed last month that Volkswagen Korea had sold some 120,000 vehicles with a device to cheat the pollution tests. To date, over 11 million cars worldwide are believed to have been installed with hidden software that can switch on pollution controls when it det
Oct. 8, 2015
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[Photo News] Graff showcases flagship jewelry
GRAFF SHOWCASES FLAGSHIP JEWELRY — A model showcases Graff Diamonds’ Carissa Collection in a special exhibit at The Shilla Seoul on Thursday. The U.K.-based multinational jewelry-maker is displaying a number of its flagship jewelry collections at the Graff store inside the hotel until Oct. 17. (Graff Diamonds)
Oct. 8, 2015
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Disgraced Lotte heir reignites family feud
Former Lotte Holdings vice chairman Shin Dong-joo on Thursday sued his younger brother and Lotte Group chairman Shin Dong-bin to take claim of what he “was destined to have” -- control of the retail giant. In an impromptu press conference, the eldest son of Lotte founder and honorary chairman Shin Kyuk-ho claimed that his expulsion from managerial roles of Lotte affiliates in both Korea and Japan was made through illegitimate processes, and that he would seek reinstatement as well as compensati
Oct. 8, 2015
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Fashion world in love with collaboration
Even established, conglomerate-backed fashion labels need a breath of fresh air, and more and more fashion companies are partnering with foreign figures to revamp their lineups and draw public attention for higher sales. Invite celebrities, star stylists American hip-hop artist Kanye West proved that he was more than just a musician when his footwear collaboration with Adidas became a mega success in faraway Seoul. Fashion and hip-hop enthusiasts queued in front of Adidas stores a couple of day
Oct. 8, 2015
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Panda Korea zeroes in on China with showbiz glam
With China’s e-commerce market estimated at around 104.6 billion yuan ($16.5 billion), companies in different sectors around the world have been flocking to what they see as a gold mine. Amid the craze, the performance Panda Korea, a South Korean e-commerce operator, has shown so far is impressive. “Panda” means “sell” in Korean, alongside being the name of China’s symbolic animal.Panda Korea founder and CEO Lee Jong-sik poses for The Korea Herald at the company’s headquarters in southern Seou
Oct. 8, 2015
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KCCI chief plays down delay in joining TPP
KCCI chairman Park Yong-maan.The head of Korea’s largest business association called for calm and objectivity amid heavy criticism against the South Korean government for its lack of effort to participate in the recently-concluded Trans-Pacific Partnership. “Many have been criticizing that Korea has missed out on a huge market that takes up 40 percent of the global economy by not partaking in the TPP. I ask everyone to calm down and take on a more objective viewpoint,” said Park Yong-maan,
Oct. 8, 2015