Most Popular
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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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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Seoulites celebrate coexistence at Wellness Seoul 2024
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Netflix, streaming platforms come under fire for loose ratings
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S. Korea, Singapore seal supply chain agreement
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20 minors registered as CEOs making over 100 million won
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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Yoon honors veterans of Korean War in trip to Philippines
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K-pop CEOs sidestep key issues at National Assembly audit
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Hyundai Heavy unionists stage sit-in over pay dispute
Unionized workers at Hyundai Heavy Industries Co. staged a sit-in protest Wednesday at the company's Seoul office after a partial strike earlier in the day, demanding immediate settlement of an ongoing pay raise dispute. The unionists went on a seven-hour walkout from 9 a.m. at the company headquarters in Ulsan, 414 kilometers southeast of Seoul, the third such strike since Nov. 17. The union and management plan to hold negotiations later this week to try to resolve the pay dispute. Two of t
Dec. 17, 2014
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Korean Air heiress questioned over 'nut rage'
Korean prosecutors questioned Korean Air heiress and former senior executive Cho Hyun-Ah on Wednesday over her fit of "nut rage" aboard a plane this month, which sparked a national uproar. The 40-year-old daughter of the airline's chief executive forced the chief cabin crew member off a New York-Seoul flight and compelled the taxiing plane to return to the gate after she took exception to being served macadamia nuts she had not asked for -- and in a bag, not a bowl. "I'm sorry," Cho said fee
Dec. 17, 2014
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Cheil Industries set for market debut, boon for Lee's three heirs
Cheil Industries Inc., the de-facto holding firm of Samsung Group, is set to make a market debut on Thursday, giving a huge boon for the group's owner family as the country's top conglomerate accelerates rearrangement of its ownership structure to smooth out an apparent managerial succession in progress, analysts said Wednesday. The company, formerly known as Samsung Everland whose trademark business was zoo and amusement park operations, stands at the apex of the group's cobweb-like cross-sha
Dec. 17, 2014
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Korean Air's former VP summoned over 'nut rage'
The former vice president of Korean Air appeared before prosecutors Wednesday to face questioning over an incident dubbed 'nut rage' as prosecutors are considering seeking an arrest warrant for the daughter of the Korean Air chairman. "I am sorry," Cho Hyun-ah said with her head drooping before entering the Seoul Western Prosecutors' Office. Still, she did not answer reporters' questions whether she had used abusive language and physically assaulted the chief purser.The prosecution office sa
Dec. 17, 2014
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Korean Air's former VP summoned over 'nut rage'
The former vice president of Korean Air appeared before prosecutors Wednesday to face questioning for allegedly forcing a flight crew member off the plane over nut-serving etiquette.Cho Hyun-ah, 40, showed up at the Seoul Western Prosecutors' Office probing the case at 2:00 p.m. to face questioning as a suspect in the case. (Yonhap)Cho, the eldest daughter of the Korean Air chairman, resigned last week after a national uproar over her conduct aboard the flight at New York's JFK Airport.She order
Dec. 17, 2014
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Daum Kakao signs MOU to launch taxi service app next year
South Korea's leading free messenger service operator Daum Kakao said Wednesday it will launch a taxi service app by the first half of next year as it initiates a new platform of connecting online and offline businesses. Daum Kakao signed a memorandum of understanding with the Seoul Taxi Association and Korea Smart Card Co. for the service that would link customers with the closest cab through a mobile app. The taxi association has some 255 Seoul-based cab operators as members, and Korea Smar
Dec. 17, 2014
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Lotte apologizes for construction worker's death
Lotte Group apologized Wednesday for the recent death of a construction worker at its newly-opened high-rise shopping complex, which led to the operational suspension of part of the facilities. "We bow in apology for causing (safety) worries to citizens due to the series of recent accidents including the construction worker's death near the concert hall," Lee Won-woo, CEO of Lotte Corporation, said at a news conference. (Yonhap)The apology came a day after the 58-year-old worker was found de
Dec. 17, 2014
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S. Korea-Vietnam annual trade volume to break record: data
The amount of trade between South Korea and Vietnam this year is forecast to top 30 billion won (US$27.67 million) to reach an all-time high, data showed Wednesday, raising anticipation of further expansion once the recently-agreed bilateral free trade pact goes into effect. Trade volume between the two countries has already reached 25 billion won in the January-October period, according to tallies from the Korea Trade-Investment Promotion Agency (KOTRA) and Korea International Trade Associati
Dec. 17, 2014
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Samsung named most preferred brand in Russia
South Korea's tech giant Samsung Electronics Co. topped the list of the most preferred brands in Russia this year, a market researcher said Wednesday, maintaining its top spot for the fourth consecutive year. Russia-based Online Market Intelligence said Samsung was named the most favorable brand in the country for 2014, followed by Germany-based sports apparel maker Adidas AG and Japan's tech firm Sony Corp. Nike and Nokia rounded out the top five. U.S.-based Apple Inc., the biggest rival of
Dec. 17, 2014
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Korean Air to face heavy sanctions after nut incident
The South Korean government is expected to issue heavy sanctions on Korean Air and its former executive Heather Cho for violating aviation security laws, the Ministry of Land, Infrastructure and Transport said on Tuesday.The Transport Ministry said it would file a complaint with the prosecution following further review.“Cho may have violated aviation security laws as we have found that she used abusive language, based on the testimony of passengers and flight attendants who were on the scene,” L
Dec. 16, 2014
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[Herald Interview] WeMakePrice eyes Chinese market
WeMakePrice, Korea’s most visited deal-of-the-day website, is now eyeing a bigger, more promising market: China. “We are currently operating a beta site and observing the outcome. We won’t make haste in advancing into the global market, but when the time is ripe, we won’t hesitate,” Park Eun-sang, CEO of the social commerce company, told The Korea Herald in his first media interview. The company recently adopted Alipay, the third-party online payment solution developed by Chinese retail giant Al
Dec. 16, 2014
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Hankook Tire to enter car parts business
Hankook Tire, the nation’s largest car tire maker, confirmed Tuesday that it is considering a bid to take over Halla Visteon Climate Control Corp. in collaboration with Hahn & Company, a local private equity firm.“It is true that the company is in talks with Hahn & Company to make an equity investment in the car parts maker in an effort to expand its business domains,’’ said Lee Joo-hak, a spokesperson of the tire maker. Industry watchers forecast that Hankook Tire is expected to secure a 30 per
Dec. 16, 2014
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BAT Korea to unveil charcoal-filtered cigarettes
British American Tobacco Korea will unveil its new charcoal-filtered cigarette “Vogue Prima” later this month, according to the company on Tuesday. BAT Korea said this new super-slim tobacco would allow consumers to experience smooth taste from charcoal filters. “The demand for super-slim cigarettes continues to grow in Korea. We expect that Vogue Prima, with a competitive price, would satisfy adult consumers who are looking for smart spending,” BAT Korea’s chief Guy Meldrum said. Vogue Prima o
Dec. 16, 2014
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POSCO E&C picked preferred bidder for Australian port project
POSCO Engineering & Construction has been selected as the preferred bidder for an $822 million (894 billion won) project to build an export dock in Australia, the company said Tuesday. The South Korean builder is expected to work on engineering, procurement and construction of “Terminal Zero” in Abbot Point, Bowen.Adani Mining, a subsidiary of India’s biggest coal importer Adani Group, placed the order for the project. The Terminal Zero port, Adani Group’s first investment project in Australia,
Dec. 16, 2014
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IARTC offers useful tips for travelers
The Incheon Airport Railroad Travel Center has played a key role in serving foreign tourists by offering diverse useful travel tips for every corner of Korea. The center opened at Incheon International Airport Station last December in a bid to better meet the surge in international travelers. According to railway officials, the center now attracts an average of 706 visitors per day. Of them, foreign nationals make up 70.5 percent, or 498 people they said.Professional tour guides, who are fluent
Dec. 16, 2014
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Koreans spend more than 3 hours daily on smartphones
South Koreans use smartphones more than three hours a day on average, research showed Tuesday, with the younger generation becoming more dependent on the mobile device.The survey from the beginning of this year to September showed daily smartphone usage at 3 hours and 39 minutes, more than double the 1 hour and 31 minutes in 2012. The survey was carried out by Digieco, a research center run by South Korea’s mobile carrier KT Corp.Those in their 20s spent the longest time of 4 hours and 41 minute
Dec. 16, 2014
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[SUPER RICH] Owner family risk hits chaebol
Public anger is rising against the lack of leadership screening at South Korea’s family-controlled conglomerates, or chaebol, in the wake of the “nut rage” incident caused by Korean Air heiress Heather Cho. “Looking at the backlash of the ‘nuts return’ scandal at Korean Air, big business circles are taking the situation more seriously and looking for lessons to be learned from it,’’ an official from a leading business association told The Korea Herald. Industry watchers said the nut scandal, cau
Dec. 15, 2014
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Korean Air chair’s daughter to be quizzed by prosecution
The prosecution said Monday that it plans to summon the eldest daughter of Korean Air chairman Cho Yang-ho on Wednesday as part of its ongoing investigation into the escalating “nut rage” row. Sources said charges are unavoidable against Cho Hyun-ah, also known as Heather Cho, formerly a top executive at the family-run flag carrier, amid new claims she subjected flight attendants to abusive language and violence. Cho Hyun-ah (Yonhap)The 40-year-old forced a Korean Air flight to return to the ga
Dec. 15, 2014
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Hyundai, Kia seek higher 2015 sales with new cars
Hyundai Motor and its corporate cousin Kia Motors said Monday they aim to increase sales and market presence in 2015 by adapting to global changes in consumer demand and by launching new cars that can better appeal to people around the world.In a meeting of top executives representing Hyundai and Kia operations abroad, the two companies predicted overall global car sales would rise by 3.9 percent on-year to 87.1 million units, up from 80.99 million forecast for 2014.The two firms, the flagships
Dec. 15, 2014
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Weak yen to continue weighing on exporters
Japan’s weak yen would continue to affect major Korean exporters following Shinzo Abe’s landslide victory in Japan’s national elections on Sunday, as he is likely to push ahead with “Abenomics,” aggressive monetary policies and fiscal stimulus spending, industry watchers said. According to local economists including Jung Kyu-cheol of the Korea Development Institute, “Japan may continue its weak yen policies in a bid to reach its 2 percent inflation target and to recover from its prolonged econom
Dec. 15, 2014