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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[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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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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First lady’s Dior bag scandal to be at center of Assembly audit
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Seoulites celebrate coexistence at Wellness Seoul 2024
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Kogas completes world’s first ship-to-ship LNG bunkering test
Korea Gas Corp. said Thursday it has successfully carried out the world’s first ship-to-ship liquefied natural gas bunkering test, which examines whether an LNG carrier works properly before it begins commercial operation. LNG bunkering is the process of transferring gas to a ship. On Tuesday, after loading 2,000 metric tons of LNG at Tongyeong in South Gyeongsang Province, Kogas’ LNG carrier SM Jeju LNG2 entered the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering
Nov. 27, 2020
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Hanwha Systems wins $40m space radar development deal
Hanwha Systems said Friday it has won a deal worth 45 billion won ($40.7 million) to develop a next-generation space radar that can detect and track space objects with precision. According to the defense and information technology service unit of Hanwha Group, it has won the Defense Industry Technology Center’s research and development project for the space radar worth 45 billion won. For the next five years, Hanwha Systems will develop three core technologies including the precise d
Nov. 27, 2020
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[Monitor] Fertility rate drops further in South Korea
South Korea‘s total fertility rate continued at a low number in the third quarter this year, reaching 0.84. The rate, referring to the average number of children a woman bears in her lifetime, had hit an all-time low of 0.92 in 2019. It was the second consecutive year for the rate to fall below 1. In order to maintain its population stably at 51 million, South Korea would need to keep the rate at 2.1. (khnews@heraldcorp.com)
Nov. 27, 2020
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LG Group to establish new holding firm
LG Group, the fourth-biggest conglomerate in South Korea, will add a new holding firm before its planned leadership split-off, the group announced Thursday. Spearheaded by the current holding company, LG Corp., LG’s affiliates announced organizational and personnel restructuring plans for 2021 as they were approved by each company’s board of directors. LG was the first among Korea’s family-run conglomerates to announce its plans for next year. LG Corp. said the group will
Nov. 26, 2020
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Netflix launches separate content office in Korea
Netflix confirmed Thursday that it has established a branch office in Korea named Netflix Entertainment Korea to double down on its commitment to original content produced here. Launched in September, Netflix Entertainment Korea is responsible for content discovery, support and investment, while the existing Netflix Services Korea will carry on its overall service operation in the country. Netflix has run separate content branches in countries where the performance of original content is p
Nov. 26, 2020
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Samsung maintains lead in NAND flash market in Q3: report
Samsung Electronics Co. maintained its top spot in the global NAND flash market in the third quarter of the year on the back of increased revenue, a report showed Thursday. The South Korean tech giant, also the leader in the DRAM sector, had a 33.1 percent share of the global NAND flash market in terms of revenue in the July-September period, up 1.7 percentage points from a quarter earlier, according to market tracker TrendForce. Samsung's revenue from NAND flash products came to a total of
Nov. 26, 2020
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Korean bio IPOs to watch out for in 2021
After the explosive listing of SK Biopharmaceutical in June this year, initial public offerings of biologics companies are anticipated to continue their strong streak in 2021. Among those already known to be coming to the market next year, the ones attracting the most attention are SK Bioscience and HK inno.N, formerly CJ HealthCare. SK Bioscience, under SK Chemical and SK Discovery in SK Group’s governance structure, is a vaccine maker. The company boasts the world&rsqu
Nov. 26, 2020
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Posco shares achievements from pro bono program
Posco International, a South Korean general trading company, celebrated the achievements of its corporate social responsibility project known as “pro bono volunteers” Thursday. The volunteer team -- made up of employees skilled in the fields of marketing, human resources and finance -- worked with social enterprises for the last six months, offering them mentoring. Some of the beneficiaries included Dodohan Collabo, a media content platform focusing on youth policy; Eunhasoo Art Mu
Nov. 26, 2020
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LG Display teams up with startups for OLED smart home life
LG Display is seeking to expand the use of organic light-emitting diode display panels at smart homes by teaming up with startups. On Thursday, LG Display announced eight candidates out of some 80 startups who have taken part in a contest the company has hosted since July to select open innovation partners. The eight are Roha, TheFamilyLab, AllBlanc, Verses, Yeastudio, VTouch, BeJewel and Volla. From here, the candidates will proceed to the next round where three finalists will be narrowed do
Nov. 26, 2020
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Daewoo Shipbuilding succeeds in ship-to-ship LNG loading test
Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has succeeded in a ship-to-ship liquefied natural gas (LNG) loading test for the first time in the global shipbuilding industry. The ship-to-ship LNG loading test was aimed at streamlining procedures to verify the safety of newly built LNG carriers' tanks and to save on test costs, Daewoo Shipbuilding said. Before the ship-to-ship LNG loading test, newly built LNG carriers were usually sent to local LNG terminals far away
Nov. 26, 2020
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[Monitor] Major firms see overseas sales increase despite pandemic
The top 100 companies in South Korea saw their overseas sales inch up in the third quarter this year despite the ongoing COVID-19 pandemic, data from the Federation of Korean Industries showed Tuesday. According to the data, the companies marked a combined 181.9 trillion won ($164 billion) in revenue from their overseas operations, up 1.6 percent from a year ago. Compared to the second quarter, it is an increase by 24.1 percent. The increase came from a rise in demand from major exporting coun
Nov. 26, 2020
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S. Korea's trade deficit with Japan inches up amid weaker boycott
South Korea's trade deficit with Japan edged up in the first 10 months of the year, data showed Thursday, as a local boycott of Japanese consumer goods shows signs of losing steam. Seoul posted a trade deficit of $16.56 billion in the January-October period, compared with $16.42 billion during the same period a year earlier, according to the data from the Korea International Trade Association (KITA). Exports to the neighboring country fell 13 percent on-year to $20.63 billion over the cited pe
Nov. 26, 2020
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LG U+ names Hwang Hyun-sik as new CEO
LG U+’s Chief Executive Officer Ha Hyun-hwoi stepped down Wednesday, recommending in his place Hwang Hyun-sik, president of consumer business. According to LG U+, Ha has determined that now is a critical point for LG U+ in its preparation for the post-COVID-19 era and digital transformation. He has recommended Hwang to helm the leadership, saying his 20 years of experience in the telecommunications business will stably guide LG U+ through the rapidly evolving market. Hwang,
Nov. 25, 2020
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LG Display appoints new CTO, first female senior vice president
LG Display, in its annual personnel appointment announcement Wednesday, introduced a new chief technology officer, Yoon Soo-young. Yoon will replace incumbent CTO Kang In-byeong. All new appointments are effective January 1st, LG Display said. Yoon, formerly the head of LG Display Laboratory, has been acknowledged for his role in leading the company‘s business transition to next-generation organic light-emitting diode technology. LG Display said that it has promoted 19 more officials
Nov. 25, 2020
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[Correction]
The Korea Herald on Nov. 25 erroneously published an article “COVID-19 test required for foreign residents flying to France, Netherlands: Air France-KLM.” Those departing South Korea to France and the Netherlands do not require a COVID-19 test in advance. Foreign residents in Korea must obtain re-entry permits before departing the country. They must also obtain medical certificates or negative COVID-19 PCR certificates within 48 hours before returning to Korea. Foreign residents tha
Nov. 25, 2020
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Hyundai Motor chief meets Lotte chairman for future mobility partnership
Hyundai Motor Chairman Chung Euisun on Wednesday held a meeting with Lotte Group Chairman Shin Dong-bin at Lotte Chemical’s advanced materials plant in Uiwang, Gyeonggi Province, according to news reports Wednesday. The two chiefs reportedly discussed how to apply Lotte Chemical’s new materials under development to Hyundai Motor’s future eco-friendly vehicles such as electric vehicles and hydrogen vehicles. However, neither Hyundai Motor Group not Lotte Group officials said
Nov. 25, 2020
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Smilegate donates tablet PCs to low-income students as classes go online
South Korean game company Smilegate said Wednesday it has donated 50 tablet PCs worth 30 million won ($27,100) to eight youth institutions, providing the tools for students from low-income households to take online classes amid the coronavirus outbreak. For the donation, Smilegate Foundation’s Hope Studio collaborated with SundayToz, a Korean mobile game developer. After launching a donation campaign among users of its popular puzzle game Anipang 4, SundayToz raised 30 million won, which
Nov. 25, 2020
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Samyang wins contract to supply ion exchange resin to KHNP
Samyang said Wednesday that it has won a contract to supply ion exchange resins used in the purification of nuclear power plants to Korea Hydro and Nuclear Power. The chemical firm, affiliated with Samyang Holdings, said it had competed against foreign suppliers to obtain the order, becoming the first South Korean company to do so. Previously the country imported all its ion exchange resins, Samyang Corp. explained. Under the agreement, Samyang will supply 700,000 liters of four types of ion
Nov. 25, 2020
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[Photo News] Incheon Airport Bags New Project
The Transport Ministry and Incheon International Airport Corp. said Wednesday that IIAC has been chosen as the strategic advisory consulting partner for Poland’s new airport project known as the Solidarity Transport Hub. With the 5.6 billion-won ($5.06 million) deal set to be signed later this year, IIAC will take on multiple responsibilities, including reviewing the master plan and writing a white paper for the development and operation of the new airport that is set to replace War
Nov. 25, 2020
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S. Korea fines Facebook W6.7b for sharing users' info without consent
South Korea's information watchdog on Wednesday fined Facebook Inc. 6.7 billion won ($6 million) for passing information of at least 3.3 million South Koreans to other companies in its first crackdown on the US tech giant. The Personal Information Protection Commission (PIPC) said Facebook violated the country's personal information law by providing personal information of at least 3.3 million of the country's total 18 million local users from May 2012 to June 2018 to other companies without th
Nov. 25, 2020