Most Popular
-
1
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
2
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
3
Can Jennie break the K-pop solo artist slump?
-
4
Yoon set for talks with Marcos in Philippines
-
5
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
6
First lady’s Dior bag scandal to be at center of Assembly audit
-
7
Seoulites celebrate coexistence at Wellness Seoul 2024
-
8
Ex-president's daughter investigated for drunk driving accident
-
9
Yoon honors veterans of Korean War in trip to Philippines
-
10
'Culinary Class Wars' producers deny trying to spice up results
-
Krafton to make PUBG into movie, TV series
PUBG Corp.’s eponymous game PlayerUnknown’s Battlegrounds will be made into a movie and TV series, Krafton said Wednesday. According to PUBG’s parent company, it has made a strategic investment in a domestic production firm “Hidden Sequence” to expand its business to entertainment business. “The investment is aimed at expanding (the application) of Krafton’s intellectual property. We will utilize our IP including PUBG to make TV series, movies and v
Aug. 26, 2020
-
EV fires with Chinese batteries expose technology gap
A series of fires in electric vehicles in China recently has raised concerns over the batteries they are equipped with. According to local media reports, three Aion S sedans -- Chinese automaker GAC’s first pure EV model -- went up in flames on May 18, Aug. 12 and Aug. 23. Though GAC hasn’t disclosed an official cause for the cases, the most recent fire reportedly started from batteries manufactured by China’s leading battery maker CATL. GAC’s Aion S sedans are pow
Aug. 26, 2020
-
Hanwha General Chemical gears up for IPO
Hanwha General Chemical is preparing to go public by April 2021 with its value estimated between 4 trillion won ($3.3 billion) and 5 trillion won. The initial public offering is expected to facilitate Hanwha Group’s succession process. According to Hanwha and industry sources Tuesday, the chemical unit of Hanwha Group is thinking of going public either on Korea’s main bourse, Kospi, or on the US Nasdaq. After selecting an underwriter next month, it is expected to begin the IPO pr
Aug. 26, 2020
-
[Advertorial] LG Chem stands as world’s 4th most valued chemical company
South Korean chemical giant LG Chem’s brand value has surpassed the 4 trillion won mark ($3.3 billion) for the first time, according to a recent report. Based on the Brand Finance Chemicals 25 2020 report, LG Chem’s brand value is estimated at $3.5 billion or 4.1 trillion won, about a 10 percent growth from $3.2 billion last year, allowing the company to maintain its position in fourth place for a second year running. “As a chemical company representing Korea, LG Chem aims
Aug. 26, 2020
-
Hyundai Steel finds new uses for coffee waste
A Hyundai Steel social contribution project is finding ways to repurpose coffee waste and create jobs along the way. When someone brews a cup of coffee, only 0.2 percent of the coffee grounds ends up in the final product. The other 99.8 percent is discarded as waste. According to Hyundai Steel, about 150,000 tons of coffee waste are either buried or incinerated in South Korea. To find new uses for used coffee grounds, the steelmaker teamed with the Korea Productivity Center and Korea Green
Aug. 26, 2020
-
Celltrion moves on to phase 1 trial on mild case COVID-19 patients
Celltrion will carry out another clinical phase 1 trial of its COVID-19 antibody treatment CT-P59 in South Korea, this time targeting confirmed patients showing mild symptoms, the company said Wednesday. A day ahead of this announcement, the company’s Senior Managing Director Kwon Ki-sung said at the Bio Incheon Global Conference held in Songdo, Incheon, that the previously ongoing clinical phase 1 trial of CT-P59 in healthy people has wrapped up with confirmation of the drug’s safe
Aug. 26, 2020
-
Posco International joins campaign to thank medical workers
Posco International said Wednesday its CEO Joo Si-bo and employees have joined the Thank You Challenge campaign to express gratitude to medical staff during the COVID-19 pandemic. The public campaign was launched by the Central Disaster Safety and Countermeasure Headquarters with the aim of encouraging medical workers struggling to prevent the spread of coronavirus. Anyone can participate in the campaign by posting a picture of sign language with gratitude on social media and naming the next p
Aug. 26, 2020
-
Samsung tops smartphone production in Q2 amid pandemic: report
Samsung Electronics Co. was the top global smartphone manufacturer in the second quarter of the year, a report showed Tuesday, although its production declined due to the novel coronavirus pandemic. Samsung led the industry in terms of smartphone production with 55 million units in the April-June period, accounting for 19.2 percent the total market share, according to market researcher TrendForce. The South Korean tech titan, however, was the only brand among the top six that suffered produ
Aug. 25, 2020
-
Korea Ginseng Co. donates W1b worth of ginseng to support COVID-19 relief efforts
Korea Ginseng Co., the country’s leading ginseng manufacturer, said Tuesday that it donated 1 billion won ($843,000) worth of ginseng products to support the medical personnel and public servants dealing with the COVID-19 crisis. Before making the donation, the company said, it organized a walking campaign from Aug. 3 to Friday, and vowed to donate the goods if participants met the target of 500 million steps. In response, about 10,000 people recorded 570 million steps via the CheongKwan
Aug. 25, 2020
-
SK C&C, Gil Hospital join hands on AI target discovery service
SK C&C and Gachon University Gil Hospital in Incheon will jointly develop an artificial intelligence service that will help medical professionals discover what causes a metabolic disease, SK C&C said Tuesday. This AI service deals in the very first step of the winding process of novel drug discovery. It attempts to search for, and identify, the genetic idiosyncrasy or protein anomaly that triggers illness. After a cause is pinpointed, scientists can proceed to discover novel drug ca
Aug. 25, 2020
-
[Monitor] Major exporters anticipate pessimistic H2
While South Korea’s major exporters managed to see a slight rise in revenue in the first half of this year, they will see a drop in the second half as the COVID-19 pandemic continues to pummel the economy worldwide, the Federation of Korean Industries said in its report. The six major export industries saw their revenue inch up by 0.3 percent on average on-year, but anticipate it to decline by an average of 4.2 percent in the second half, the FKI said citing a survey it conducted on resp
Aug. 25, 2020
-
LG Display’s OLED gets quality nod from Intertek
LG Display said Tuesday its organic light-emitting diode TV panels have earned the Accurate Picture Quality certification from UK-based Intertek. Intertek is a global test and certification body for OLED panels. “With the spread of contactless culture, we are seeing an increased TV viewership for movies, performances and arts. The importance of accurate expression on displays, therefore, is becoming ever more emphasized,” said Oh Chang-ho, executive vice president of LG D
Aug. 25, 2020
-
[Herald Interview] Smart to be safe: Buildings undergo transformation
All buildings -- whether residential or commercial -- have certain management systems to prevent unexpected dangers. These systems include a wide range of facilities and services, from ventilation and cooling to fire detection and security systems. Though they often go unnoticed or are hidden behind the walls, they have to continuously evolve. “Whether a building is smart or not is decided by how its management control system is integrated to provide the most efficient solutions,&rdquo
Aug. 24, 2020
-
Apple pledges W100b to correct unfair practices
Apple has pledged 100 billion won ($84 million) to correct its business practices in South Korea by sharing advertising costs with mobile carriers and by supporting small and medium-sized enterprises, the antitrust watchdog said Monday. The Fair Trade Commission said it had prepared a tentative agreement through consultations with Apple Korea after the US tech giant applied for a consent order June 4. The consent order initiated a process to close an FTC case against Apple by voluntarily agr
Aug. 24, 2020
-
[Monitor] Exports and imports down in August
South Korea‘s trade volume declined in August compared to the same month last year amid the slowing global economy in the COVID-19 pandemic. According to data from the Korea Customs Service, the country’s exports and imports both slumped year-on-year. Exports decreased 7 percent to $23.1 billion in the period between Aug. 1 and 20 compared to the same period of last year, while imports fell 12.8 percent during the same period. Taking into account the number of working days, da
Aug. 24, 2020
-
[Advertorial] Coca-Cola Korea launches limited summer editions
Coca-Cola Korea on Sunday said it has launched summer editions of its widely loved drinks Coke and Sprite, decorated with signature colors and graphics depicting summer activities. The company said it tried to add an uplifted spirit to its drinks against the backdrop of the new normal after the COVID-19 outbreak. Coca-Cola also expressed hopes that its drinks accompany people’s summer activities that people now tend to enjoy while staying indoors. Coca-Cola Korea’s limited edition
Aug. 23, 2020
-
Posco seeks premium value with steel brand Innovilt
South Korea’s largest steelmaker Posco said it aimed to provide premium value to customers with its new construction steel brand Innovilt, which launched in November last year. The name Innovilt is a combination of innovation, value and built, which means to increase the value of construction steel materials through technological innovation, eco-friendliness and originality, Posco said. Construction steel materials are used in buildings and other infrastructure projects, such as roads
Aug. 23, 2020
-
Expectations high for Jakarta’s seawall projects
Expectations among Korean construction companies are high as the Korea Rural Community Corporation completed the design of a seawall project to prevent flood damage in Jakarta, Indonesia, in July and is set to submit a final report to the local government by the end of this year. In Indonesia, due to ground subsidence caused by rising sea levels and underground water development, the Jakarta coast is sinking 18 centimeters on average every year. Even when dikes are built, seawater repeatedly cr
Aug. 23, 2020
-
[Herald Interview] Singaporean antibody firm draws throngs of Korean investors
Singapore-based antibody discovery firm Hummingbird Bioscience is drawing attention from South Korean investors for its computational systems biology-driven drug candidate discovery technology. “We have secured more than $65 million in investments for our company (and) are seeing increasing interest from South Korea-based venture and asset firms,” Hummingbird Bioscience CEO Piers Ingram said in an email interview with The Korea Herald. The growing list of South Korean investors in
Aug. 23, 2020
-
Nano-x’s Nasdaq IPO adds fuel to SKT’s medical device biz
Nano-x, a medical imaging company in which SK Telecom is the second-biggest shareholder, has made an initial public offering on the US’ Nasdaq, SKT said Sunday. SKT preemptively invested a total of $23 million in Nano-x, first in June 2019 and second in June 2020, securing over 2.6 million shares in the company. As the second-biggest stakeholder to Nano-x after the company’s founders, SKT said it is actively participating in the management and global business expansion of Nano-x.
Aug. 23, 2020