Most Popular
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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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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S. Korea, Singapore seal supply chain agreement
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Netflix, streaming platforms come under fire for loose ratings
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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20 minors registered as CEOs making over 100 million won
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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K-pop CEOs sidestep key issues at National Assembly audit
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SYSTRAN International takes on Google Translate
CSLi, South Korea’s multilingual translation engine, announced Tuesday that it has acquired SYSTRAN, a France-based machine translation tech company.Rechristening itself SYSTRAN International, the tech firm said the acquisition was part of efforts to boost its competitive edge over IT giants such as Google and Microsoft.“We took over the French firm in a bid to beat the global No. 1 Google’s translation service,” said Kim Dong-pil, vice president of SYSTRAN International, at a press conference i
May 27, 2014
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S-Oil features new lube oil
S-Oil on Monday launched the new lube oil brand S-Oil 7 and six synthetic oil products that will make a foray into the global premium market. The oil refiner said S-Oil 7 will help drivers achieve better driving performance by enhancing five functions of the engine: fuel economy, eco-friendliness, drivability, durability and cleanness. “S-Oil 7 is a futuristic top-tier brand, which embodies all the strengths of S-Oil, which is armed with world-class technical prowess and excellence in quality in
May 27, 2014
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Incheon Airport tops service quality for 9th year
Incheon International Airport, South Korea’s main transportation hub, on Tuesday won the 2014 Airport Service Quality Awards of Airport Council International, one of the industry’s top honors, for the ninth consecutive year. The award ceremony was held in Seoul on the sidelines of the ACI General Assembly that kicked off on Monday. This marked the first time the annual event was hosted by Korea. Incheon Airport earned the highest score in service quality based on a global survey of some 350,000
May 27, 2014
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Korea, UAE likely to ink deal on operation of UAE reactors: minister
The United Arab Emirates and South Korea have agreed in principle to sign a lucrative contract for the operation of four South Korean-built nuclear reactors in the Middle Eastern country, South Korea’s commerce minister said Tuesday.The agreement was reached during South Korean President Park Geun-hye’s recent trip to the UAE to witness the first installation of a South Korean reactor at a power plant in Barakah, some 300 kilometers west of Abu Dhabi.Negotiations for the contract on the operatio
May 27, 2014
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Hyundai Mipo wins $102m order from Singapore firm
Hyundai Mipo Dockyard, a leading South Korean shipbuilder, said Tuesday it has won a $102 million order from a Singaporean company to build two LPG carriers.Hyundai Mipo, a subsidiary of Hyundai Heavy Industries, the world’s largest shipbuilder, said it would start building the vessels from March 2016 and deliver them to Principals of Eastern Pacific a year later. Principals of Eastern Pacific is a subsidiary of Eastern Pacific Shipping, an international ship management company headquartered in
May 27, 2014
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Korea offers green insights to developing countries
South Korea boasts many areas of natural beauty as mountains and forests take up nearly 64 percent of the land. Yet, not so long ago the country was left devastated following the 1950-53 Korean War. Since 1970, the country has planted more than 11 billion trees and implemented environmental protection policies in order to restore bald mountains and denuded forests.With its successful reforestation efforts, the country is now exporting its forest development model, giving insights to government o
May 27, 2014
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Kael GemVax malaria vaccine wins European patent
Kael GemVax won a European patent for its malaria vaccine and will be notified by the European Patent Office on June 4. The patented technology is for the production of a vaccine that could prevent or treat malaria caused by plasmodium falciparum. According to the World Health Organization, malaria affects 500 million people around the world and kills 1 million every year. The technology gained a U.S. patent in September 2011. “We hope the patent will provide a platform for scientists to develop
May 27, 2014
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Shiseido releases waterproof mascara
Shiseido on June 1 will release Maquillage Stay Long Eyeliner, a creamy liquid-type pencil liner that stays on the skin without making the eye area dry and tight. The Japanese makeup brand said the waterproof product stays on for more than 12 hours after application. The eyelash essence included in the fluid also helps eyelashes stay strong and thick. The pencils come in dark black and brown and are priced at 35,000 won ($34) each. (baejisook@heraldcorp.com)
May 27, 2014
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Sales & events for Aekyung’s 60th anniversary
AK Plaza is holding various events to mark the 60th anniversary of its mother group, Aekyung, on June 9. A total of 60,000 people with AK Members Cards could receive soap sets at AK Plaza outlets nationwide, while fashion brand JEIKEI will sell 6,000 jeans at 20,000 won ($19.50) each. Those who buy more than three pairs of jeans can get an extra eco bag. Each branch will hold its own discount promotions of up to 70 percent while the company’s online shopping mall (www.akmall.com) will give out t
May 27, 2014
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McDonald’s features limited edition french fries boxes
McDonald’s has released limited edition french fries boxes designed by noted artists from 12 countries to mark the 2014 World Cup. The boxes will be simultaneously released in 120 countries around the globe. The designers include famous Brazilian street artist Eduardo Kobra, who reflected his passion for football. McDonald’s is also presenting an augmented reality game, “McDonald’s GOL!” at the Android and Apple app stores. It is also downloadable at http://gol.mcd.com. Users can strike a goal b
May 27, 2014
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Manoffin releases patbingsu
Manoffin, a coffee and muffin-themed franchise cafe, has released two kinds of patbingsu, flaked ice with red bean paste and a variety of toppings. Manoffin’s patbingsu comes in a portable plastic cup. The Milk Mabing has ground ice with steamed red bean paste and milk sauce, giving it an authentic, mild patbingsu taste. The 17 grain Mabing has 17 grain powder on top of the bean paste, making it a natural and healthy ice dessert. Both patbingsus are priced at 3,500 won ($3.40).(baejisook@heraldc
May 27, 2014
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Business ethics second to profit
This is the fifth in a series of articles that examine Korea’s preparedness for disasters and social risks in light of the recent Sewol tragedy. ― Ed. The construction site of the second Lotte World Tower in Jamsil, Seoul. (Yonhap)Without a doubt, South Korean conglomerates have been the chief driving force behind the country becoming world’s 15th-biggest economy in a single generation. But their obsession with maximizing profit is turning out to be a double-edged sword. On the one side, this ha
May 27, 2014
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Aviation leaders call for enhanced runway safety
Aviation leaders on Monday called runway safety one of the high-priority issues in operating airports even though the number of runway accidents has been sharply reduced thanks to advanced technologies and heightened vigilance. A safety symposium was held on the sidelines of the General Assembly of the Airports Council International, one of the industry’s largest gatherings, which kicked off its three-day program on Monday in Seoul. The program was launched to discuss safety issues at an executi
May 26, 2014
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KT&G rolls out limited edition SEASONS Summer Special
‘SEASONS Summer Special’KT&G will roll out limited edition SEASONS Summer Special cigarettes with a package designed for the season, the company announced Monday. The country’s leading tobacco maker said the special line will be available for sale for two weeks beginning Wednesday.The product is the latest in the SEASON series lineup, the only cigarette containing 2.0 milligrams of tar in the domestic market. It kept the lineup’s distinctive smooth taste and full-bodied flavor, the company said.
May 26, 2014
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Consortium to survey N.K.-Russia economic project
A South Korean consortium plans to carry out a second inspection on a North Korea-Russia economic project in a bid to closely examine its business feasibility, an official of the consortium said Monday. “Details of the second inspection have yet to be determined, but we are in talks to visit the project site,” the official said.“The first inspection was no more than a look-through, so an additional survey is needed to assess closely the business feasibility of the project.” The consortium consis
May 26, 2014
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Teachers’ pension fund to boost stock investment
The Korea Teachers Pension, the country’s No. 2 retirement fund, will boost its equities investment this year as the local stock market is widely expected to continue its upward march, its chief said Monday.Korea Teachers Pension has 11.7 trillion won ($11.43 billion) worth of assets under its management, about 45 percent of which is invested in risky assets such as stocks.“We are planning to increase the purchase of local stocks by 300 billion won this year, focusing on some 100 companies,” Kim
May 26, 2014
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[SUPER RICH] Living with a secret
The health issues of company owners have recently, taken precedence above all else in the corporate world following the recent hospitalization of Samsung Group chairman Lee Kun-hee.From questions regarding who will succeed the Samsung chairman to whether or not other corporations are any better prepared for similar incidents, the corporate sector is astir with gossip. The company, on the other hand, adamantly denied that Lee was in critical condition, issuing statements that he is on the mend.Th
May 26, 2014
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Korea Yakult’s crown prince Yoon has a lot to prove
Yoon Ho-jung, executive director of Korea Yakult, has been flying under the radar. Forbes Korea assumes that Yoon has 592.2 billion won ($578 million) in company stocks, which makes him the 45th-richest stockholder in the country. But his presence has been largely unnoticed both internally and externally. Yoon has long been seen as living in the shadows of his 87-year-old father, Yoon Deok-byeong, who founded the company as a joint venture with the Japanese beverage company Yakult in 1969. The p
May 26, 2014
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Samsung chairman regains consciousness
Samsung Electronics chairman Lee Kun-hee, being treated in hospital after a heart attack over the past two weeks, has regained consciousness, the company said Sunday.Lee, 72, was operated at Samsung Medical Center in southern Seoul on May 11 after a heart attack.He was transferred to VIP hospital room on May 19 from an intensive care unit at the hospital, according to the hospital. “Lee was transferred to the ordinary ward and has recovered from an unconscious state. His response to diverse stim
May 25, 2014
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World airport execs start meeting in seoul
The general assembly meeting of the Airports Council International, the world’s largest gathering of airports, kicks off in Seoul on Monday, with more than 800 airport executives and other air transport leaders from 73 countries in attendance.Incheon International Airport, which has been named as the world best airport for several years, will be hosting the three-day event at Coex in Samseong-dong, Seoul. It is the first time that the ACI’s annual general meeting will be held in Korea. “This yea
May 25, 2014