Most Popular
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Korea added to key bond index
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North Korea notifies UN Command of plans to fortify border with South
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Will Apple quit smart ring race with Samsung?
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[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
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Jay Park returns with quintessential R&B album after 8 years
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More deaths in ICU following doctors' mass walkout: lawmaker
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Security issues to take center stage at ASEAN summit
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Netflix's latest runaway hit is a Korean reality cooking show
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[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
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Patients opting to die with dignity on steady rise
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[Photo News] Upgraded, immersive gaming experience
Samsung Display said Friday it has opened an experience zone, providing an upgraded and immersive gaming experience to visitors at the ongoing Gamescom 2023 in Cologne, Germany, with QD-OLED gaming monitors and OLED laptops. Samsung installed 34-inch Dell and Micro-Star International gaming monitors equipped with the South Korean panel maker's QD-OLED panels, as well as Samsung Electronics' Galaxy Book3 Ultra laptops featuring its OLED panels. Samsung said its gaming displays allow vis
Aug. 25, 2023
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KT CEO nominee to debut at global leadership conference next month
South Korean telecommunications giant KT Corp.’s CEO nominee Kim Young-shub will take the stage as a keynote speaker at a global leadership conference organized by the UK-based mobile industry nonprofit GSMA next month. It will likely mark his first official schedule to step outside as KT’s new chief. The KT CEO nominee will deliver a keynote speech at the Mobile 360 APAC, the Asia-Pacific leg of the event that is scheduled to take place for the first time in Seoul on Sept. 7 and 8,
Aug. 25, 2023
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Posco International makes first swine vaccine export to Vietnam
Posco International announced Thursday that it has exported a swine pneumonia vaccine Vietnam's to National Veterinary Joint Stock Company or NAVETCO, marking Posco's first overseas animal vaccine export. Developed by Innovac, a venture company run by a group of researchers at Kangwon National University, the vaccine, called INO MHP, can immunize around 100,000 pigs, the company said. The swine pneumonia vaccine is vital for Vietnam due to its significant pig population and pork being
Aug. 24, 2023
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Doosan Robotics joins hands with MS to build GPT-based robots
Doosan Robotics, in partnership with Microsoft and Doosan Digital Innovation, is set to develop a context-aware control system for collaborative robots, or “cobots,” based on generative pre-trained transformer technology. The partnership was formalized Thursday through a memorandum of understanding for Doosan Robotics to employ Microsoft's Azure OpenAI Service for a GPT-based robot control system. Azure will provide access to the GPT language model while Doosan Digital Innovatio
Aug. 24, 2023
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Posco, Hanwha, KAC team up to build UAM landing sites in Seoul
South Korean steel giant Posco Group said Thursday the company will put in joint efforts with Hanwha Corporation Engineering & Construction and Korea Airports Corporation to build landing and take-off sites for urban air mobility (UAM) vehicles in Seoul, in a bid to further accelerate the commercial operation of an urban air transportation system in Korea. During a signing ceremony held at KAC's headquarters in western Seoul on Wednesday, the three companies signed a memorandum of under
Aug. 24, 2023
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Samsung Food to debut at IFA
Samsung Electronics said Thursday it would be launching a new food platform application offering personalized recipes and diet plan services using artificial intelligence at this year’s IFA, set to be held in Berlin early next month. The new platform, Samsung Food, would integrate all the food-related functions and services Samsung has launched previously, such as Family Hub’s Smart Recipe, the company said. Using the app, the users can search for recipes of dishes around the world
Aug. 24, 2023
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[Photo News] LG Chief in business trip
LG Group Chairman Koo Kwang-mo is briefed on quantum technology from Xanadu CEO Christian Weedbrook at the Canadian quantum computing company’s headquarters in Toronto, Tuesday. On his four-day trip to the US and Canada, the LG chief inspected the group’s business operations, including LG Chemical’s Innovation center in Boston and LG Electronics’ AI research center in Toronto, and visited a number of local institutes to discuss possible cooperation. (LG Corp.)
Aug. 24, 2023
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Pocari Sweat launches 2nd 'Beat the Heat Campaign'
Dong-A Otsuka, South Korea’s leading beverage maker, on Thursday revealed its second annual “Beat the Heat Campaign” video in collaboration with the Ministry of the Interior and Safety. Following the first campaign held last year, the company is striving to raise awareness on safety and health measures that must be taken during heat waves. With the message “Do not face the heat,” this year’s video puts importance on staying hydrated and getting enough shade an
Aug. 24, 2023
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CEOs of SK On, Mercedes-Benz discuss EV partnership in Seoul
Chey Jae-won, executive vice chairman of SK Group and co-chief of its battery-making arm SK On, met with Germany luxury carmaker Mercedes-Benz CEO Ola Kallenius to discuss ways to strengthen business cooperation in the electric vehicle sector, the energy-to-chip conglomerate said Wednesday. Chey and Kallenius discussed various cooperation plans on electric vehicle products and services, including battery supply and Tmap, the SK-made navigation service widely used across Korea, the SK Group off
Aug. 23, 2023
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[From the Scene] SK bioscience rolls out Korea's first cell-based flu vaccine
ANDONG, North Gyeongsang Province -- Researchers wearing blue personal protective equipment hunker down over digital screens and packaging machine belts as thousands of syringes are briskly moved through machines at SK bioscience’s vaccine manufacturing facility, L HOUSE, in Andong, North Gyeongsang Province, Tuesday. After going through a series of procedures such as being analyzed for their defection rate and having plunger rods inserted into the syringes, the drugs are labeled and pac
Aug. 23, 2023
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[KH Explains] Mango bingsu prices continue to go up but why?
High-end Korean hotels have continued to raise prices this year of mango bingsu, a Korean shaved ice dessert popular in the summer, despite mango prices having stabilized. This year, Four Seasons Hotel Seoul sold its mango bingsu at 126,000 won ($94), 31.3 percent higher than last year. Shilla Seoul also raised the price of its progenitor luxury mango bingsu by 18.1 percent to 98,000 won, while Lotte Hotel increased the price by 4.5 percent to 92,000 won. The price rally drew particular attentio
Aug. 23, 2023
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China's property woes will have minimal impact on Korea: FSC
South Korea’s financial authorities downplayed the possibility that the uncertainties stemming from the Chinese real estate crisis will have a serious and direct impact on domestic financial markets. “There is no need to feel excessively anxious, as the stable fundamentals of the Korean economy and financial market are being maintained," Kim So-young, vice chairman of the Financial Services Commission, said during an emergency meeting held Tuesday in Seoul, with representatives
Aug. 23, 2023
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[Photo News] Greetings
LS Group Chairman Koo Ja-yeol (right), who doubles as chairperson of the Korea International Trade Association, and Poongsang Group Chairman Ryu Jin, the new chairperson of the Federation of Korean Industries, shake hands after their first official meeting as the heads of the nation’s top business groups at the Trade Tower in Seoul, Wednesday. During the meeting, the two leaders exchanged opinions on the role of their organizations in creating social value, national agenda items and ways t
Aug. 23, 2023
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[KH Explains] Kia eyes expansion into European defense market
Poland has decided to acquire military vehicles made by Kia, opening up more possibilities for the South Korean automaker’s defense products in Europe. The Polish Ministry of National Defense announced last week that it had approved the Polish Armaments Group’s 270 million euro ($293 million) contract to acquire 400 units of Kia’s Raycolt reconnaissance vehicles, called Kia Light Tactical Vehicles. PGZ is an arms procurement holdings company established by the Polish government
Aug. 23, 2023
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LG's portable TV to debut in US, Europe
LG Electronics said Wednesday that its latest portable TV, called LG StandbyMe Go, will be officially launched in North America and across Europe later this month. The TV, housed in a suitcase with a built-in battery and speakers, allows users to bring a quality entertainment experience wherever they go without compromising convenience or quality. The product quickly sold out shortly after its debut at home in June. The portable touchscreen is user-friendly, requiring no separate assembly or i
Aug. 23, 2023
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Dongsuh leads snack market with Oreo, Ritz
South Korean food and beverage manufacturer Dongsuh Foods is leading the domestic snack food market with globally recognized Oreo cookies and Ritz crackers through creative marketing strategies. Launched in 1912, the American sandwich cookie Oreo was introduced to South Korea in 2003. Dongsuh at first imported the cookies from China, but since 2010 it has produced them at its production plant at home. The company has enhanced marketing campaigns to maintain Oreo’s title as the “world
Aug. 23, 2023
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Finance expert Bang Moon-kyu tapped as new industry minister
President Yoon Suk Yeol tapped Bang Moon-kyu, the existing government policy coordination minister, as the new minister for trade, industry and energy, his office said Tuesday. Born in 1962, Bang, a finance expert, passed the civil service exam in 1984, before spending most of his career as a public servant in the finance ministry and in the field of budget planning. Before being appointed as the policy coordination minister last year, he served as the head of the state-run Export-Import Bank
Aug. 22, 2023
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New FKI chief vows to ensure transparency to 'clean up dark past' as chaebol rejoin
The new chairperson for the Federation of Korean Industries vowed that the business lobby group would prevent government-business collusion and push for a transparent corporate culture to “clean up the dark past” of a massive influence-peddling scandal it was embroiled in 2016. In its ad hoc general meeting held Tuesday, the lobby group appointed Ryu Jin, chairman of Poongsan Group, as the new chairperson of the FKI. The meeting was an arena where it announced the kick-starting of th
Aug. 22, 2023
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Asiana Airlines, Seoul Arts Center ink partnership
Asiana Airlines, South Korea’s second-biggest carrier, signed a memorandum of understanding with Seoul Arts Center on Tuesday to ramp up their partnership in promoting arts and culture. Held in SAC’s Opera Theater, the signing ceremony was attended by Asiana Airlines Vice President Won Yoo-suk and Seoul Arts Center President Chang Hyoung-joon. Under the agreement, Asiana Airlines will offer flight benefits for artists and artworks, provide in-flight screenings of SAC’s contents
Aug. 22, 2023
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KB, Citibank launch first joint branch in Daejeon
KB Kookmin Bank, South Korea's leading commercial bank, and Citibank Korea inaugurated a joint branch in Daejeon on Monday, according to the Korean lender. Typically, when a bank's branch faces challenges in sustaining its operations while demand still exists in the area, the option of establishing a joint branch is contemplated, an official from KB Kookmin Bank explained. The joint branch will consist of a KB Kookmin Bank branch on the second floor of Citibank's current Daejeon J
Aug. 22, 2023