Most Popular
-
1
Korea added to key bond index
-
2
North Korea notifies UN Command of plans to fortify border with South
-
3
Taking away phones during school hours not a human rights violation: watchdog
-
4
Will Apple quit smart ring race with Samsung?
-
5
[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
-
6
Jay Park returns with quintessential R&B album after 8 years
-
7
More deaths in ICU following doctors' mass walkout: lawmaker
-
8
Security issues to take center stage at ASEAN summit
-
9
Netflix's latest runaway hit is a Korean reality cooking show
-
10
[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
-
Over 3m Koreans visit Japan in H1
The number of South Korean tourists to Japan surpassed 3 million in the first half of this year, recovering to pre-pandemic levels. The number of Japanese people visiting South Korea, however, has rebounded at a much slower pace to reach some 860,000, according to government data Monday. The yen’s prolonged weakness and Japan’s well-established tourism infrastructure and diverse tourist destinations made the difference, industry sources explained. According to data compiled by the Ko
July 31, 2023
-
Hanwha bolsters space manpower
South Korean conglomerate Hanwha Group is looking to add more talent to ramp up its space personnel resources and lead the opening of the country’s space era. Hanwha Aerospace and Hanwha Systems on Monday opened a recruitment process to hire newcomers and experienced job seekers as crew members of the Space Hub -- Hanwha’s conglomeratewide council dedicated to developing space businesses. According to the recruitment notice, Hanwha plans to hire over 100 people in 10 space sectors, s
July 31, 2023
-
SK highlights groupwide outreach in 2023 report
SK Inc., the strategic investment holding company of South Korea’s second-largest conglomerate SK Group, published its annual environmental, social and governance reports Monday, including details of the company’s business management and climate-related finance plans. The company said it has released three such reports: the sustainability report carrying the company’s ESG management strategy; the Task Force on Climate-Related Financial Disclosure with the company’s climat
July 31, 2023
-
Samsung C&T keeps No. 1 spot in builder rankings
Samsung C&T Corp. has been named the top builder in South Korea for 10 straight years in terms of building capacity, government data showed Monday. Samsung C&T, a construction affiliate of top conglomerate Samsung Group, took the leading slot among the 77,675 local construction firms evaluated, according to the Ministry of Land, Infrastructure and Transport. Samsung C&T's construction capacity was valued at 20.73 trillion won ($16.3 billion), easily beating runner-up Hyundai Eng
July 31, 2023
-
English service offered for electronic disclosures
The Financial Supervisory Service's electronic disclosure board has gotten a new update from Monday, providing foreign investors with more English information on financial disclosures. With the update, when firms file disclosures on DART, the name of the company, report title and name of the attached files will be available in English on the English version of the website at the same time as the Korean one. Previously, English disclosures were only available when Kospi and Kosdaq-listed c
July 30, 2023
-
Korea's drug market reaches W30tr in 2022
The size of South Korea’s domestic drug market reached an all-time high of 29.9 trillion won ($23.4 billion) last year, up 17.6 percent on-year, according to government data, Sunday. The drug market size is calculated by adding the value of total drug production here and the drug import value, then subtracting the drug export value. According to the Ministry of Food and Drug Safety, the country’s drug production in 2022 grew 13.6 percent on-year to 28.9 trillion won, from 25.49 trill
July 30, 2023
-
BTS’ Suga 'first to use' Samsung’s Galaxy Z Fold 5
Suga of K-pop phenomenon BTS has become the first user of Samsung Electronics’ latest foldable phone, the tech giant said Friday. Samsung Electronics said Suga will be the “first in the world to own a #GalaxyZFold5," via a post on Twitter, now called X. Held for the first time in Seoul, the Samsung Unpacked event "saw extra excitement and wonder to the already awe-inspiring event when one of our favorites, #Suga of @BTS_twt, came to #JoinTheFlipSide,” the post read. T
July 28, 2023
-
KDB seeks gov't approval for HQ's Busan relocation
The state-run Korea Development Bank has decided to push for "a full relocation" of its headquarters from Seoul to Busan and submitted a plan to the country's financial regulator for approval, according to industry sources on Friday. According to KDB's plan, the bank intends to retain a minimal workforce of approximately 100 employees in Seoul while transferring the entire headquarters to Busan. Under the existing law, KDB is required to be located in Seoul. In order to proce
July 28, 2023
-
Card transactions by Vietnamese tourists soared over 460% in H1
The number of transactions made by Vietnamese tourists in South Korea during the first half of the year showed the sharpest growth among other visitors, increasing by 468 percent on-year, Korean credit card issuer BC Card said Friday. The growth in Vietnamese tourists' transactions were significantly higher than those of all other foreign tourists, which stood at 358 percent. The data released by BC Card was based on the total number of credit card and debit card transactions made by 1.2
July 28, 2023
-
SK Innovation swings to red in Q2 on falling oil prices
SK Innovation Co. said Friday it turned to the red in the second quarter as falling oil prices and thinner margins hurt its profitability. The company logged an operating loss of 106.8 billion won ($83.2 million) in the April-June period, compared with the 2.32 trillion-won operating profit a year ago, the energy unit of SK Group said in a regulatory filing. Revenue fell 5.9 percent to 18.72 trillion won. It reported a net loss of 120.4 billion won, turning around from a profit of 1.34 trillion
July 28, 2023
-
Hanwha finalizes deal to open Pompidou branch in Seoul
South Korea's Hanwha Group has finalized the agreement with the Centre Pompidou in France to establish the museum's offshoot branch in Seoul, with the opening set for late 2025, the energy-to-defense conglomerate said Friday. The formal contract was signed Thursday, under which Hanwha is given the licensing rights to use the French museum's properties for four years upon the opening of the branch, the Centre Pompidou Hanwha Seoul, Hanwha said. The Centre Pompidou Hanwha Seoul will
July 28, 2023
-
KT&G employees volunteer at soup kitchen
KT&G, South Korea's dominant tobacco and ginseng company, said Thursday its chief executive and employees carried out voluntary work at a soup kitchen in Seoul to help homeless people and senior citizens bear the summer heat. KT&G CEO Baek Bok-in and 20 other executives and employees took part in serving food to homeless people and aged people living alone, at the meal center, according to the firm. “May the food that we have prepared become a strength to people who are suffer
July 27, 2023
-
LG upbeat about automotive biz
LG Electronics, a leading home appliance supplier, said Thursday it has achieved the highest second-quarter revenue in company history at 19.9 trillion won ($15.6 billion), overcoming the sluggish demand situation the world’s consumer appliance market is experiencing. Backed with overall growth in its business portfolios, especially automotive parts and electric vehicles, LG said it will expand investment and build new manufacturing facilities overseas. In a regulatory filing, the tech gia
July 27, 2023
-
STX, NICE D&B join hands to provide corporate information on Trollygo
South Korean trading company STX announced Thursday that it has inked a memorandum of understanding with the nation's largest commercial credit bureau NICE D&B to provide corporate information services on Trollygo, its business-to-business online trading platform which is set to be launched in the third quarter of this year. The signing event was held at NICE D&B’s headquarters in Mapo-gu, Seoul, on Wednesday, with top executives including STX CEO Park Sang-jun and NICE D&
July 27, 2023
-
KB reclaims top financial group, bank titles in first half
KB Financial Group reclaimed its position as the top financial group in Korea with a net profit of 2.99 trillion won ($2.34 billion) in the first half, surpassing other players. The group's flagship KB Kookmin Bank also regained the leading bank title with a net profit of 1.85 trillion won in the same period. Although KB set aside more than 1.31 trillion won for bad debt reserves in the first half of 2023, the expansion of net interest income and robust profits from nonbanking businesses dr
July 27, 2023
-
Hyundai Elevator, LG, KT team up for smart building solutions
Hyundai Elevator said Wednesday it has signed a memorandum of understanding with LG Electronics and KT in order to drive advancements in the applications of robotics and explore new business opportunities in the field of smart buildings. The signing ceremony was attended by Do Ik-han, vice president and head of the Service Business Division at Hyundai Elevator; Roh Kyu-chan, vice president and head of the Robot Business Division at LG Electronics; and Lee Sang-ho, vice president and head of the
July 27, 2023
-
Samsung logs W4.3tr profit loss in chips, predicts recovery in H2
Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related chips, as its chip business reported a consecutive drop in operating profit for the second quarter this year. In a regulatory filing, Samsung reported it achieved 60 trillion won ($47.1 billion) in consolidated revenue in the April-June period, down 6 percent from the previous quarter and 22.3
July 27, 2023
-
Havas Korea joins Seoul City's computer donation campaign
Havas Korea, a Korean subsidiary of Havas Group, has donated its used laptops to the Seoul Metropolitan Government to provide support for youth preparing for independence, under the city’s ongoing personal computer donation campaign that aims to bridge the digital divide. The term "youth preparing for independence" refers to individuals who are transitioning to a state of independence after being under the protection of foster care or other institutions. These individuals require
July 27, 2023
-
Korea's patent agency seeks global expansion in intellectual properties
The Korean Intellectual Property Office is ramping up efforts to lead a global intellectual property ecosystem by expanding strategic partnerships globally. Its renewed efforts come amid the country's rising number of patented properties worldwide and its expanding presence in the global IP market. South Korea has ranked fourth in the number of International Patent Cooperation Treaty applications, a system that allows one patent application filed with the World Intellectual Property Organiz
July 27, 2023
-
[From the Scene] Digitized hospital provides glimpse into next-generation diagnoses
By Lee Yoon-seo Korea Herald correspondent SINGAPORE -- A masked resident pores over a piece of uterine fibroid -- a tumor developed in the uterus -- and cautiously slices it with a scalpel. The thinly sectioned tissue specimen, after going through various processes including chemical treatment, flattening and staining, is then put on a small glass slide by a scientist. With whole slide imaging, the tissue on the glass slide is virtually copied into a highly magnified image, to be uploaded ont
July 27, 2023