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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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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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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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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Firefighters’ 3,000 won meals spark nutrition concerns
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[Herald Interview] ‘South Korea’s renewable energy initiative in right direction’
Renewable energy -- utilizing wind, solar, ocean tides and geothermal heat -- has been in the limelight for mitigating global climate change over the past decade. South Korea also joined the global move by announcing “Renewable Energy 3020” in 2017, which aims to increase power generation from renewable resources to 20 percent. As of 2017, its renewable energy proportion was 7.6 percent. According to professor Miranda A. Schreurs of Environmental and Climate Policy at Techni
March 9, 2020
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Dark clouds loom over Korea's economy
Fifty days after confirmation of the first novel coronavirus case in South Korea, the economy is in a tailspin with major industries facing severe setbacks amid production disruptions, falling consumption and growing uncertainties. As of Monday morning, the number of confirmed COVID-19 patients stood at 7,382, up 248 from the previous day, while the death toll stood at 51. As the outbreak continues to escalate, global investment banks and rating firms -- including Morgan Stanley, Nomura, Sta
March 9, 2020
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Celltrion applies for European approval of Humira biosimilar
Celltrion said Monday that it applied for the European Medicine Agency’s commercialization approval of CT-P17, a Humira (adalimumab) biosimilar. CT-P17 is a highly potent biosimilar of AbbVie’s autoimmune disease treatment Humira, a blockbuster original that recorded $19.1 billion global revenue in 2019. If approved, the CT-P17 will be a meaningful addition to Celltrion’s portfolio for rheumatoid arthritis and inflammatory bowel disease treatment, alongside the company’
March 9, 2020
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15 Korean pharmas, 4 state institutes research coronavirus
South Korea’s state-run research institutes and pharmaceutical firms are working hard to find a cure for the new coronavirus, according to news reports Monday. Around 15 firms and four institutes here are burning the midnight oil to get an effective cure, according to Korea Pharmaceutical and Bio-Pharma Manufacturers Association. KPBMA Chairman Won Hee-mok emphasized the synergies between private and public research bodies in yielding a faster outcome. The association identified Korean
March 9, 2020
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Lotte unit offers voluntary retirement
Lotte Himart Co., South Korea's leading home appliance store chain, said Sunday it will offer a voluntary retirement program to its employees due to deepening losses. Some 80 employees who have worked for the company for more than 25 years and are aged 50 or older are eligible for the voluntary retirement schemes, a Lotte Himart spokesman said. The company plans to provide those who agree to retire early with severance pay according to their overall working years, a sizable compensation and
March 8, 2020
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Firms extend remote work with creativity amid prolonged virus outbreak
Amid the prolonged outbreak of the COVID-19, South Korean businesses are extending telecommuting and flexible work hours for employees in various forms to prevent further spread. While the companies are putting such measures temporarily in support of the so-called “social distancing” campaign promoted by the government to keep people from gathering in large crowds, some companies are taking it as an opportunity to seriously consider plans to build virtual and smart work systems.
March 8, 2020
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[Herald Interview] ‘All consumer decisions to soon depend on genomic data’
Personal computers have become ubiquitous in daily life since they were popularized in the late 1970s. “It’s now unimaginable to work or live without computers. Soon, the same will be said about genomic data and consumer behavior,” said Hwang Tae-soon, CEO of genome analysis company Theragen Etex, in an interview with The Korea Herald at his office in Suwon, Gyeonggi Province. Hwang foresees that in less than a decade, genomic logic will be applied to all commercial areas. A
March 8, 2020
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Samsung temporarily shuts down Gumi smartphone factory again over virus case
Samsung temporarily moves smartphone production to Vietnam over virus case Samsung Electronics Co. said Friday it will temporarily move some of its smartphone production to Vietnam, after shutting down a local factory following a positive coronavirus test there. Samsung shut down the factory in the southeastern city of Gumi after a worker tested positive for the new coronavirus. Samsung said the plant will be closed through Saturday, while the floor where the employee worked will be shuttered
March 6, 2020
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Asiana suspends all Japanese routes, first in 30 years
Asiana Airlines said it will suspend all flights to Japan until the end of this month, the first in 30 years since it started services amid Japan’s new entry restrictions against South Koreans. The airliner, which had downsized its Japanese routes to eight routes, six cities, said it will stop flying to Japan starting Monday through March. 31 in the aftermath of the COVID-19 outbreak shock. This is the first time the airliner has halted every routes to Japan since it initiated flight
March 6, 2020
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Samsung’s compliance committee to address corporate succession, labor issues
Samsung Group’s seven-member compliance committee on Thursday announced three major agendas after its first meeting. The newly established committee addressed issues related to corporate succession, labor unions and communication with the local society. The committee said it will deliver detailed proposals to Samsung’s de facto leader Lee Jae-yong, all Samsung affiliates and press outlets as soon as possible. Led by former Supreme Court Justice Kim Ji-hyung, the committee added
March 6, 2020
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Theaters screen past hit films amid coronavirus struggle
South Korean movie theater chains are screening past blockbusters and classics as the spreading coronavirus has been keeping people from local cinemas. The 2004 fantasy film "Harry Potter and the Prisoner of Azkaban" made a return to the South Korean silver screen in 4DX on Feb. 26. The 4DX version of part three of the tale of teenage wizardry is popular among long-time "Harry Potter" fans, who enjoy the physical effects such as sprays of wind and water and chair movements
March 6, 2020
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S. Korea urges mask filter makers to speed up production amid virus spread
South Korea said Friday it will provide any necessary support to local producers of fabric filters to help boost the production of face masks amid the spread of the new coronavirus. The COVID-19 epidemic has caused severe shortages of face masks, prompting the government to introduce a de facto distribution system for protective masks. Under the measure set to take effect Monday, people can purchase only two face masks per week from pharmacies on designated days of the week depending on thei
March 6, 2020
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‘Health functional foods’ see boom in wake of virus outbreak
For Hwangbo Kyung-sun, a 29 year-old office worker in Seoul, it has become a routine to take omega-3 supplements or krill oil pills along with bringing a face mask and hand sanitizer to protect herself against the fast-spreading COVID-19. “It is basically the most I can do to not get infected from the coronavirus,” Hwangbo told The Korea Herald. Like Hwangbo, more people in South Korea are buying health functional foods, also known as nutraceuticals, which are not pharmaceu
March 5, 2020
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Komipharm awaits approval for clinical trial design
Market observers are skeptical of Komipharm stocks, as it is still waiting to get approval from the Ministry of Food and Drug Safety for its application to test the Panaphix drug on COVID-19 patients. On Feb. 26, Komipharm gave an official notice to its shareholders that it has applied to the ministry for a fast-track review of its proposal for clinical phase 2/3 trials of Panaphix, a cytokine storm inhibitor believed to treat pneumonia, for 100 COVID-19 patients. Its stocks hit the daily maxi
March 5, 2020
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Foreign firms in Korea support Korea's fight over coronavirus
American and European companies with a presence in South Korea expressed concerns Thursday about the prolonged coronavirus outbreak affecting their businesses, but also expressed full support in the country‘s fight against the epidemic. The American Chamber of Commerce in Korea said approximately 70 percent of its member companies had reported disruption of travel and a decline in revenue as COVID-19 infections have continued to surge. About 40 percent of the companies reported a disr
March 5, 2020
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Starbucks’ remote ordering services surge amid coronavirus outbreak
Starbucks Korea’s remote services have spiked as customers try to minimize direct contact and staying time inside its cafes. The company said Thursday its on-the-go ordering service Siren Order, available on its app, surpassed 8 million orders in the January-February period, a 25 percent increase on year. Meanwhile, the coffee chain saw a 32 percent jump in drive thru users in the same period, 40 percent of them using My DT Pass service on the app. The automatic charging service allow
March 5, 2020
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S-Oil CEO donates W500m to help combat coronavirus outbreak
S-Oil said Thursday its chief executive has donated 500 million won ($421,440) to a local disaster relief organization to help people hit by the coronavirus outbreak. Hussain Al-Qahtani, who was appointed as the company’s new CEO last June, made the donation to Hope Bridge Korea Disaster Relief Association. “As Koreans are facing difficult times due to the virus spread, S-Oil has decided to share the pain and participate in the national efforts to overcome the crisis,” he sa
March 5, 2020
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Shinsegae to spend W900b to help small suppliers amid outbreak
Shinsegae Group is set to provide a total of 900 billion won ($758 million) to help small and medium-sized business partners that are struggling as a result of the new coronavirus outbreak. Shinsegae Department Store and E-Mart decided to pay about 800 billion won in advance to some 5,000 small and medium-sized suppliers to help them remain stable at a time of plunging sales. Shinsegae TV Shopping also plans to pay its smaller partner companies 25 billion won in advance. The department store
March 5, 2020
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Big firms join 'social-distancing' drive amid virus crisis
Big businesses in South Korea are introducing more "social-distancing" measures to help contain the disruptive coronavirus outbreak, sources said Thursday. It comes as the government has proposed a social-distancing drive to slow the fast spread of the pneumonia-causing disease, seeing the next couple of weeks as a turning point for containing it. Social distancing refers to a series of tactics designed to keep people from gathering in large crowds, including working from home, can
March 5, 2020
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Kakao chairman donates stocks worth W2b to help fight coronavirus
Kakao founder and Chairman Kim Beom-su has pledged to donate his stocks worth 2 billion won to help combat the nationwide spread of COVID-19, the firm said Wednesday. The company will also separately match the amount. Kim has decided to give 1,100 stocks, based on the day’s closing price, amounting to around 1.97 billion won. Details of where and how the donations will be delivered are yet to be announced. South Korea’s leading online company has been encouraging relief activit
March 4, 2020