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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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Ex-president's daughter investigated for drunk driving accident
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'Culinary Class Wars' producers deny trying to spice up results
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Seoulites celebrate coexistence at Wellness Seoul 2024
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First lady’s Dior bag scandal to be at center of Assembly audit
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LG signs partnership with Assa Abloy to supply transparent OLED automatic doors
LG Electronics Inc. said Wednesday it has signed a partnership with Swedish door opening solutions firm Assa Abloy Entrance Systems to commercialize automatic sliding doors with transparent OLED displays. The product combines LG's 55-inch transparent organic light-emitting diode (OLED) signage and related software with the automated glass sliding doors of Assa Abloy, the South Korean tech firm said. Such a product can be used in various commercial applications, showing advertisements and oth
Dec. 9, 2020
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Cafe24 to integrate Facebook Shops in real time
South Korean e-commerce company Cafe24 said Tuesday that it launched its Facebook Shops real-time integration service, allowing e-commerce merchants to gain 3.1 billion Facebook users as potential customers. Cafe24 said Facebook Shops allows merchants operating online direct-to-consumer stores to showcase their products on Facebook and Instagram. With a few clicks, merchants can set up their shops on both social media platforms. Businesses of all sizes using Cafe24 can now use Shops. Previousl
Dec. 9, 2020
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Major S. Korean firms' R&D spending gains 2% this year
Major South Korean companies' spending on research and development (R&D) rose nearly 2 percent in the first three quarters of the year despite weaker sales amid the coronavirus pandemic, a corporate tracker said Wednesday. R&D expenditures by 217 large companies in Asia's fourth-largest economy totaled 40.2 trillion won ($37 billion) in the January-September period, up 2.03 percent from a year earlier, according to the data from CEO Score. Their combined sales fell 4.85 percent on-year
Dec. 9, 2020
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Posco International invests in local laser cutting application firm
Posco International, South Korea’s largest trading company, said Tuesday that it has invested in local laser cutting applications developer Innovated Technology. The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclosed. Innovated Technology currently has a wide range of laser cut solutions used in making tempered glass, as well as those used to protect displays. The firm currently processes ultrathin glass
Dec. 8, 2020
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LG Chem to teach teenagers how to reuse CO2 through mentorship
LG Chem said Tuesday it has launched the “Like Green” mentorship program for elementary and middle school students to raise their awareness on sustainability. Here, Green is an acronym that stands for global warming, recycling, energy, ecosystem and next-generation technology, according to the company. The Like Green mentorship program will educate 100 young students from January to March regarding the five topics. They will be put in small groups with university students with
Dec. 8, 2020
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Hanwha Techwin suggests new trends for video security industry in 2021
South Korean surveillance solution provider Hanwha Techwin on Tuesday suggested five key phrases to describe the trends in the video security industry next year. The security camera subsidiary under Hanwha Aerospace offered an acronym “Rodeo,” which stands for “Ready for the era of edge computing,” “Ongoing trend, cloud,” “Don’t worry about cyber hacking, cybersecurity,” “Everyone can join in, open platform” and “Only whe
Dec. 8, 2020
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Samsung Biologics appoints John Rim as new CEO
Samsung Biologics on Tuesday appointed John Rim as the new chief executive officer to replace former-CEO Kim Tae-han. Kim’s departure from Samsung Biologics comes nearly 10 years after the company’s foundation in 2011. The new CEO Rim is a Korean American with 34 years of experience working for global pharmaceutical firms such as Yamanouchi, Genentech and Roche, where he had been chief financial officer. Rim has been with Samsung Biologics since 2018, where his first role was as e
Dec. 8, 2020
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Hyundai halts truck assembly line over virus outbreak
Hyundai Motor Co., South Korea's biggest carmaker by sales, said Tuesday it suspended the truck assembly line of its local plant as seven workers at the plant were confirmed to have been infected with the new coronavirus. Seven employees at Hyundai's Jeonju plant, 243 kilometers south of Seoul, tested positive for COVID-19 on Monday. Some 2,000 workers took coronavirus tests on the same day, Hyundai said. "The truck assembly line of the Jeonju plant has been suspended from Monday. The com
Dec. 8, 2020
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Samsung ranks 5th in global computer monitor market in Q3: report
Samsung Electronics Co. was the world's fifth-largest computer monitor vendor in the third quarter of the year, a report showed Tuesday, as its shipments increased significantly amid the pandemic. The South Korean tech giant had a market share of 9 percent in the global computer monitor market in the July-September period, up from 6.8 percent a year ago, according to market researcher International Data Corp. (IDC). Samsung's computer monitor shipments jumped 52.8 percent on-year to 3.37 mil
Dec. 8, 2020
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Samsung's foundry biz market share to drop in Q4: report
Samsung Electronics Co.'s share of the global foundry market is expected to decrease in the current quarter from the previous three months, a report showed Monday. Samsung's share in the global foundry business was estimated at 16.4 percent in the October-December period, down 1 percentage point from three months earlier, according to a report from industry tracker TrendForce. The South Korean tech giant's revenue from the foundry business was projected to jump 25 percent on-year to $3.71 bill
Dec. 7, 2020
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[Time to Play] Lost in translation: Sex slavery awareness game defeats own purpose
If Anne Frank was not a real person and her diary was merely a work of fiction, would her story resonate as much with readers? As witnessed by Schindler’s List and The Pianist, films based on true stories connect people to the past in a visceral way. But would it be appropriate, or even necessary, to make a game out of such atrocities, even with a “noble” purpose in mind? In this sense, PC game The Wednesday, released on Dec. 1, is an utter disaster, as it reduces the bru
Dec. 7, 2020
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Hanwha Total ramps up plastic production used for EV battery separators
Hanwha Total said Monday it has increased its annual plastic production capacity to 140,000 metric tons as demand has spiked for plastic, the raw material for separators, one of the key components of lithium-ion batteries along with cathodes, anodes and electrolytes. The expansion, which cost 40 billion won ($36.9 million), will allow the South Korean petrochemical company to produce 140,000 tons of ultrahigh-molecular-weight polyethylene (UHMWPE) at its plant in Daesan, South Chungcheong Prov
Dec. 7, 2020
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SK bets on ‘targeted protein degraders’ as future anchor business in pharma
SK Holdings on Monday announced an investment of $200 million in a new subsidiary to be founded by Roivant Sciences -- the name of which remains undecided -- that will use its targeted protein degradation technology. This is a key step in SK Group’s pivot to biologics business, SK Holdings said, citing its focus on growing markets more than maturing ones, and a search for “disruptive tech” that could create synergy with SK Biopharmaceuticals and SK Pharmteco.
Dec. 7, 2020
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Korea Maritime Institute to hold forum on Yellow Sea and importance of oceans
The Korea Maritime Institute will hold a forum on the Yellow Sea and the important role of oceans in achieving the UN sustainable development goals, in Seoul on Thursday. The 2020 Sustainable Development Forum for the Yellow Sea will see a group of environmental experts -- including Ban Ki-moon, former secretary-general of the United Nations and current chair of the National Council on Climate and Air Quality of Korea -- put their heads together to discuss the challenges facing oceans, particul
Dec. 7, 2020
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[Monitor] Meat consumption in South Korea soars
South Koreans' consumption of meat has continuously soared over the years, data from Statistics Korea showed recently. The average consumption of meat per person in a year increased from 11.3 kilograms in 1980 to 53.9kg in 2018. Pork was the most popular meat to consume, with the average consumption rising by an average of 3.9 percent each year. (khnews@heraldcorp.com)
Dec. 7, 2020
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Daewoo Shipbuilding inks initial deal for 10 crude carriers
Daewoo Shipbuilding & Marine Engineering Co. said Monday it has signed an initial deal with a European company to build 10 very large crude carriers (VLCC). The deal is expected to be concluded by the first quarter of next year, Daewoo Shipbuilding said in an emailed statement. The 300,000-ton crude carriers will be propelled by both liquefied natural gas (LNG) and fuel oil, the shipbuilder said. Daewoo Shipbuilding will have a chance to build vessels to be fueled by the two energy sou
Dec. 7, 2020
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US slaps 15% anti-dumping tariffs on Korean oil pipelines
The US has decided to impose anti-dumping duties on South Korean oil pipelines of up to 15 percent. According to the Korea International Trade Association on Sunday, the US Department of Commerce recently made a final ruling at an annual review of anti-dumping duties on Korea oil pipelines to levy tariffs between 9.33 percent and 15.07 percent. Compared to last year’s figure, which stood at 22.7 percent to 38.87 percent, the tariffs have been slashed by more than half. The US Departme
Dec. 6, 2020
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SK chief Chey underscores ESG
SK Group Chairman Chey Tae-won called for an incentive system that compensates for companies’ ESG -- environmental, social and governance -- efforts, according to industry sources Sunday. Speaking at Beijing Forum 2020, an event held jointly by the Chey Institute for Advanced Studies and Peking University, Chey stressed the necessity of an ESG incentive system that provides reasonable compensations for companies to promote ESG value creation in both private and public sectors. Chey s
Dec. 6, 2020
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Samsung Electronics to hold global strategy meeting next week
Samsung Electronics, which completed its annual executive reshuffle Friday, is expected to hold a global strategy meeting next week with the participation of all executives from the global offices to establish business strategies for next year. Samsung’s global strategy meeting, which is held twice a year in June and December, is a venue where executives at local and global units gather to review the business conditions of each sector and discuss new growth engine plans. Convention
Dec. 6, 2020
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Poongsan Group Chairman Ryu Jin joins CSIS Board of Trustees
Poongsan Group Chairman and CEO Ryu Roy Jin joined the CSIS Board of Trustees, Friday. The Center for Strategic and International Studies is a Washington-based think tank. “I am delighted to welcome Roy to our Board of Trustees,” said CSIS President and CEO John J. Hamre. “CSIS will benefit tremendously from his global vision and innovative spirit.” Since 1998, Ryu has served as chairman and CEO of Poongsan Group, one of the largest manufacturers of copper products a
Dec. 6, 2020