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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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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Yoon honors veterans of Korean War in trip to Philippines
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Seoulites celebrate coexistence at Wellness Seoul 2024
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[KH Explains] Can G-Star level up?
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Ex-president's daughter investigated for drunk driving accident
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China’s surging market an opportunity for Korean exporters: report
South Korean exporters are likely to benefit from rising opportunities in China due to diverse government policies this year, a report suggested Monday. According to the report on China’s six major policy directions and implications released by the Korea International Trade Association’s Institute for International Trade, China’s economic growth rate in the first quarter was minus 6.8 percent, down 12.8 percent from the previous quarter. To revive the economy, the Chinese go
June 22, 2020
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[Herald Interview] Spinning cord blood into stem cell therapies
Cord blood-originated stem cell therapeutics firm Medipost’s CEO Yang Yoon-sun recounts 20 years of her entrepreneurship as being dotted with incessant challenges. Her journey as a professor of pathology at Samsung Medical Center to head of a cord blood stem cell research company at the age of 37 came with prejudices, challenges and pitfalls, but also with encouragement, conviction and immense potential. Cord blood is that inside the umbilical cord that connects the baby and mother
June 22, 2020
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Chong Kun Dang’s bispecific antibody effective in TKI-resistant animal models
South Korea’s Chong Kun Dang presented its latest study results of the bispecific antibody pipeline CKD-702 that simultaneously inhibits c-Met and epidermal growth factor (EGFR) in animals who have grown resistant to existing tyrosine kinase inhibitors, at the online American Association of Cancer Research Annual Meeting 2020 that kicked off Monday. The CKD-702, currently being developed to treat non-small cell lung cancer in Korea, was tested on animals in single administrations to test
June 22, 2020
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SK launches all-in-one car management platform Muffin
SK Energy said Sunday it has launched an integrated car management app called Muffin that offers services including non-face-to-face refueling, car wash, valet parking, insurance and maintenance on a single platform. According to the subsidiary of SK Innovation, the app will be available at some 200 gas stations directly to begin with and will be expanded to all franchise locations in the country by the year-end. “With Muffin, drivers can just type in their license plate numbers at ga
June 21, 2020
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Hyundai Engineering selected as contractor for Hannam district 3
Hyundai Engineering & Construction has been selected as a contractor for Hannam newtown district 3 by the association of housing redevelopment of the region in Yongsan-gu, Seoul, Sunday. At the first round of voting, Hyundai won 1,167 votes, Daelim Industrial had 1,060 votes and GS Engineering & Construction won 497 votes, respectively. Hyundai was selected in a runoff with 1,409 votes. Daelim had 1,258 votes. The construction of Hannam 3 District is estimated to cost 1.8 trillion w
June 21, 2020
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[From the Scene] KAI’s Chamsuri powers through pandemic
SACHEON -- It takes guts to invite several diplomats at one place and show off a chopper, especially when a deadly pandemic is creating chaos around the world. However, that was exactly what Korea Aerospace Industries did last week. South Korea’s sole aircraft manufacturer on Wednesday brought diplomats from 16 countries and local reporters at its headquarters in Sacheon, South Gyeongsang Province, to give them a ride on its Chamsuri helicopters, a police version of military helicopte
June 21, 2020
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Local golf courses boom, nudge international travel
Local golf courses and ranges are booming here as overseas travels remain restricted while outdoor activities are considered relatively safer amid the coronavirus pandemic, industry sources said Sunday. Golf tour reservations rose 300 percent on-year in June, according to Korea’s travel agency Very Good Tour. “The actual demand must be a lot higher considering how Koreans do not tend to hire travel agencies to play golf here. It is very difficult to book a golf course even on week
June 21, 2020
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LG Chem considering closing down phthalic anhydride line in Yeosu
LG Chem Ltd. is considering shutting down its production line in the southeastern tip of the country due to oversupply, industry and company sources said Sunday. South Korea's No. 1 electric vehicle battery maker said it has informed its workers of the plan to close down the line in Yeosu, 455 kilometers southeast of Seoul, which produces 50,000 tons of phthalic anhydride annually. Phthalic anhydride is used in the manufacturing of polyesters. Industry watchers believe that LG Chem's plan
June 21, 2020
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Liquor sales in marts grow as drinking at home rises amid pandemic
Liquor, which once lost ground to beer, soju and wine, is recently gaining popularity as people are enjoying drinking at home amid the pandemic, according to industry sources Sunday. E-mart said liquor sales increased 23 percent year-on-year after analyzing alcoholic beverages sold between March and May this year. Sales, in particular, rose 36.4 percent and 36.5 percent in April and May, respectively. Lotte Mart also saw its spirits sales grow 30.8 percent from May 1 to June 17 on-year. B
June 21, 2020
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KT partners with Wonderful Platform on AI senior care services
South Korea’s second-largest telecom firm KT said Friday it has signed a memorandum of understanding with an artificial intelligence solutions company Wonderful Platform to develop AI care services for seniors and children. The two companies have agreed to cooperate in developing and commercializing artificial intelligence-powered care robots and services by equipping the robots with KT’s GiGA Genie Inside -- the software of its AI speaker GiGa Genie. Wonderful Platform is an AI
June 19, 2020
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Medical AI company Vuno taps Japan through M3
Medical artificial intelligence solution provider Vuno said Friday it plans to tap the Japanese market through Sony’s subsidiary M3. M3 is 33.9 percent owned by Sony and is Japan’s biggest medical data platform company with 280,000 medical professionals enrolled as members. It has accumulated knowledge in the conservative Japanese medical field, and provides a wide range of services including clinical test designing, marketing support for pharmaceutical firms and remote medicine.
June 19, 2020
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Galaxy S20+ BTS Edition preorders close in 1 hour
“I purple you,” Samsung Galaxy S20+ BTS Edition, is selling like hot cakes. Preorders for Samsung Electronics’ Galaxy S20+ 5G phone and wireless earphones Buds+ BTS Editions, garbed in the K-pop group’s iconic purple and accentuated with tiny purple hearts and BTS logo, closed in an hour since opening in South Korea, Friday. The set is priced at 1.6 million won ($1,320), not a far-off figure from the combined price of a regular S20+ and Buds+, which cost about 1.5 milli
June 19, 2020
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Psomagen, Cell Biotech sign MOU for microbiome biz
US-based Psomagen and Korean probiotics company Cell Biotech said Friday they will jointly strive for big data-based microbiome research and commercialization. According to the memorandum of understanding, Psomagen and Cell Biotech will research microbial organisms that will show clinical efficacy in health care, as well as develop new probiotics products. Using Psomagen’s big data analysis technology, they will identify potential novel drug materials and develop probiotics products sp
June 19, 2020
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Huawei inks partnership to support S. Korea's AI companies
The Korean unit of Chinese tech giant Huawei Technologies Co. on Friday signed a partnership deal to support South Korea's artificial intelligence (AI) businesses as it tries to expand its presence here. Under the deal with the Korean Artificial Intelligence Association, which represents some 300 startups in the AI sector, Huawei Korea will support local companies exploring overseas business opportunities. It will also co-organize events and education programs with the association. Huawei Ko
June 19, 2020
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Seoul requests WTO to open panel on trade row with Tokyo
South Korea has requested the World Trade Organization to open a dispute-settlement panel to deal with Japan's export curbs against its Asian neighbor, which have been in effect since July, the trade ministry here said Thursday. The move came around two weeks after Seoul, disappointed by lack of progress in the feud, said it would reopen its complaint against Tokyo's export restrictions at the WTO Last year, Seoul had dropped its WTO complaint against Tokyo's export restrictions in a goodwill
June 18, 2020
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Regulator allows Apple to draw up measures to correct anti-competitive practices
South Korea's antitrust regulator said Thursday that it has decided to allow Apple Korea to map out a set of measures to address its anti-competitive business practices here, a move that could end a dispute over its alleged violation of competition law. The Fair Trade Commission said it will review detailed corrective measures crafted by Apple Korea and decide whether to approve them. Under the law, an applicant is required to state a correction scheme necessary to restore competition practic
June 18, 2020
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Netmarble's StoneAge World ranks No. 1 on Apple's App Store in S. Korea
StoneAge World, a new mobile game by South Korean mobile game developer and publisher Netmarble Games, ranked No. 1 on Apple's App Store in the country Thursday. The pet-collecting massively multiplayer online role-playing game (MMORPG) was the most downloaded app in the country on its launch day, Netmarble said. The game had been released in 172 countries as of 11 a.m. As the latest game in Netmarble's internationally known Stone Age series, StoneAge World is set in the prehistoric land of
June 18, 2020
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Drug Ministry revokes Meditoxin license
South Korea’s first botulinum toxin product Meditoxin has been stripped of its license, as of Thursday, in a blow dealt by the Drug Ministry against the company’s use of unauthorized substances in the botulinum toxin products manufactured between 2012 and 2015. Meditoxin, the BTX product accountable for 42 percent of Medytox’s yearly revenue in 2019, had been suspended of production and sales since April 17. It will lose the sales permit altogether from June 25, the Drug Minis
June 18, 2020
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Chong Kun Dang’s nafamostat drug proceeds to COVID-19 phase 2 trials
Chong Kun Dang said Thursday its anti-coagulant drug Nafabeltan (nafamostat) is to carry out clinical phase 2 trials to be repurposed as a COVID-19 treatment. The company said in a joint press release with Institut Pasteur Korea and Korea Institute of Radiological & Medical Sciences that Nafabeltan has demonstrated strong antiviral qualities against COVID-19 in a cellular-level test. Instiut Pasteur Korea had explored the antiviral qualities of over 3,000 molecules of which it found that
June 18, 2020
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AI will save those who suffer cerebral hemorrhage: SK C&C
It won’t be long before artificial intelligence can help save those who suffer cerebral hemorrhage, according to SK C&C, which is preparing to clinically test its medical device designed for the purpose. The company said Thursday that its AI model acquired the Drug Ministry’s Good Manufacturing Practice certificate, guaranteeing the medical device’s quality control. Following the GMP, SK C&C has submitted its proposed clinical test design to the ministry for tests of
June 18, 2020