Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Yoon set for talks with Marcos in Philippines
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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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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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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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First lady’s Dior bag scandal to be at center of Assembly audit
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Firefighters’ 3,000 won meals spark nutrition concerns
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E-mart to open second outlet in Philippines
South Korea’s largest retailer E-mart said Wednesday that it will open its second No Brand store in the Philippines this week. No Brand is E-mart’s private brand promoting low-priced items ranging from food to daily necessities. The outlet is slated to open Friday on a 353 square-meters area in Robinsons Galleria South, a commercial establishment located in San Pedro City, Laguna province.The new branch plans to sell some 630 No Brand items, in addition to some 150 local items.
Dec. 25, 2019
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[Feature] What you didn’t know about Korean hangover cures
Given the average amount of alcohol Koreans consume on a daily basis, it is no wonder the hangover cure market here has been continuously growing at an annual 15 percent. The demand for these cures is especially strong around the end-of-year season during which time Koreans spend night after night socializing one last time before the year ends.But the truth is the exact mechanism to erase a hangover is not scientifically identified as of yet, and the hangover cures out in the market are merely b
Dec. 25, 2019
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Increasing number of Chinese visitors bodes well for duty-free operators
The number of Chinese visitors to South Korea is expected to jump more than 25 percent in 2019, boding well for duty-free business operators here, data showed Tuesday. According to the data jointly compiled by the state-run Korea Tourism Organization and Shinhan Financial Investment, the number of Chinese travelers in November surged 30.3 percent to some 426,800. A considerable number of these travelers were vendors who purchase Korean duty-free goods in bulk and sell them back at home, th
Dec. 24, 2019
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[Graphic News] Annual number of Jeju airport passengers tops 30m for first time
The number of passengers handled this year by Jeju International Airport, the gateway to the resort iIsland, topped 30 million for the first time, data showed.A total of 30,057,300 passengers traveled through the airport until Dec. 16 this year, according to data released by the Korea Airports Corp.It is the first time for any of 14 airports in South Korea, excluding Incheon International Airport, to handle more than 30 million passengers a year. (Yonhap)
Dec. 24, 2019
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LG launches its pay TV ambition with Hellovision
The board of South Korea’s No. 3 wireless carrier LG Uplus on Tuesday approved its acquisition of CJ Hello, one of the nation’s biggest cable operators, which will be rebranded as LG Hellovision.The company’s shareholders and board of directors agreed to appoint Song Gu-Young, previous senior managing director at LG Uplus as CEO of the company. CJ ENM, the biggest shareholder of CJ Hello with a 53.92 percent stake, has handed its stake of 50 percent plus one share to LG Uplus f
Dec. 24, 2019
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[Photo News] Holiday trips in time for Christmas
Travelers are seen at Incheon International Airport on Christmas Eve on Tuesday. Incheon Airport said it expects a total of 191,247 inbound and outbound travelers to use the airport on Christmas Eve and 207,669 on Christmas Day. (khnews@heraldcorp.com)
Dec. 24, 2019
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Online sales at Lotte Duty Free to surpass W3tr
Lotte Duty Free’s online sales are expected to surpass 3 trillion won ($2.5 billion) by the year-end, exceeding its target of 2.9 trillion won, according to the company. In the first half of this year, Lotte Duty Free recorded 1.42 trillion won in sales at its online mall, a 49 percent jump year-on-year.Last year, Lotte Duty Free raked 2.14 trillion won in online sales, up 46.3 percent from the previous year, the largest sales of an online duty-free outlet in the world.The company&rsq
Dec. 24, 2019
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Business leaders of Korea, Japan, China call for free trade, economic integration
Entrepreneurs in South Korea, Japan and China called for free trade and economic cooperation at a business meeting held in Chengdu, China, according to a local business association Tuesday. The business summit, jointly organized by the Korea Chamber of Commerce and Industry and its Japanese and Chinese counterparts, was held on the sidelines of the summit between leaders of the three nations. The event was attended by President Moon Jae-in, Japanese Prime Minister Shinzo Abe, Chinese Premier Li
Dec. 24, 2019
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Hanjin KAL sinks as family-risk scares investors
Hanjin KAL, the holding company of South Korea's largest carrier Korean Air Lines Co., closed sharply lower Tuesday, paring earlier gains on a simmering family feud that investors apparently saw more as a risk than an opportunity.Hanjin KAL plunged 7.14 percent to close at 42,900 won ($36.86), one day after it spiked 20 percent.The shares had gained more than 5 percent earlier in the day amid speculations that the family feud may erupt. Investors, however, apparently saw the possible feud as mor
Dec. 24, 2019
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LG to unveil dual-screen 5G smartphone at MWC
LG Electronics Inc. will showcase its new flagship smartphone with a dual screen and 5G connectivity at the upcoming Mobile World Congress in February, industry sources said Tuesday.The Korean electronics giant is scheduled to unveil the new 5G phone, V60 ThinQ, at MWC Barcelona 2020, under the ultra-fast wireless network, according to the sources."LG Electronics is planning to showcase V60 ThinQ as next year's first smartphone to expand its presence in the 5G market," said an industry
Dec. 24, 2019
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Moon, Li agree to facilitate follow-up FTA talks on service, investment sectors
CHENGDU -- The leaders of South Korea and China agreed Monday to expedite talks on supplementing a bilateral free trade agreement, Cheong Wa Dae said.In a meeting with Chinese Premier Li Keqiang in Chengdu, Sichuan Province, President Moon Jae-in proposed the further strengthening of a systemic foundation for enhancing the level of economic cooperation via ongoing negotiations on the service and investment fields to expand the scope of the FTA that took effect in late 2015, according to Cheong W
Dec. 23, 2019
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Naver's Japanese affiliate Line, Yahoo Japan ink formal merger deal
South Korea's No. 1 internet portal Naver Corp. said Monday that its Japanese messaging app provider Line Corp. signed a formal contract to merge with internet portal Yahoo Japan Corp.Under the deal, SoftBank Group Corp. -- a holding firm of Z Holdings Corp. that operates Yahoo Japan -- and Naver will buy stocks held by retail investors in Line, Naver said in a regulatory filing.Naver currently holds a 73 percent stake in Line, and SoftBank owns 45 percent of Yahoo's parent company, Z Holdings.F
Dec. 23, 2019
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S-Oil awards marine police heroes
S-Oil has awarded a total of 70 million won ($60,261) to six maritime police officers at a ceremony in Songdo, Incheon, the company said Monday. At the awards ceremony, S-Oil gave a plaque and an award of 20 million won to Lt. Lee Sung-hee of Pohang Maritime Police Office, selected by the Korea Coast Guard and the Korea National Council on Social Welfare. Five other police officers received a plaque and 10 million won each. Lt. Lee Sung-hee, who was selected as the top hero of the maritime
Dec. 23, 2019
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GS Group donates W4b to local charity
GS Group said Monday it donated 4 billion won ($3.44 million) to the Community Chest of Korea to support the livelihood and education of people in need. Separately, the group’s affiliates have been supporting disadvantaged families through diverse volunteer work in line with Chairman Huh Chang-soo’s vision of corporate social responsibility. GS Caltex has been running year-end relay volunteering programs for 15 years, comprising 21 projects, including making kimchi, upcycling of
Dec. 23, 2019
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[Newsmaker] Hanjin Group siblings up ante in battle for throne
A family war is brewing in Hanjin Group, one of Korea’s vast conglomerates which also owns flag carrier Korean Air, with siblings battling to assume management control. Late Chairman Cho Yang-ho’s eldest daughter Cho Hyun-ah is stepping up her attack against her younger brother and present Chairman Cho Won-tae, hinting at continued dispute about succession.Former Korean Air Vice President Cho Hyun-ah said in a statement Monday via a law firm that “ Cho Won-tae’s busi
Dec. 23, 2019
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Orion taps Lee Seung-jun as new president
Korean confectionery company Orion said Monday it has tapped Vice President Lee Seung-jun as its new chief. Lee has served as head of Orion’s research and development center. He was promoted to president and will also head the company’s global R&D center, Orion said. After joining the company in 1989, he played key roles at product development and R&D teams in China as well as supervised megahit products including its signature corn chip Kkobup Chip, Market O Granola, Fr
Dec. 23, 2019
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LTE download speed in S. Korea up 5.2% in 2019: ministry
The average download speed via 4G LTE networks in South Korea got faster this year, the country's ICT ministry said Monday, with SK Telecom Co. offering the fastest data transmission speed. The average 4G LTE download speed in South Korea reached 158.53 megabits per second in 2019, up 5.2 percent from a year earlier, according to the Ministry of Science and ICT's telecommunication service report. The average LTE upload speed, however, was 42.85 Mbps, down 2.5 percent from a year ago. SK Te
Dec. 23, 2019
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[Herald Interview] ‘Korean firms should raise voice on digital tax’
South Korean companies should be more vocal in the global discussion on digital tax before it becomes too late, said a partner lawyer at a local law firm. As the world faces a new paradigm where more businesses are being conducted online, the necessity to define digital tax is growing worldwide and a debate is underway in the Organization for Economic Cooperation and Development. Pressed by the US, home to many digital firms, the OECD discussion is also considering whether manufacturing companie
Dec. 23, 2019
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Naver's online comic arm begins services in French, Spanish
The webcomic arm of South Korea's top portal operator, Naver Corp., said Monday that it has kicked off service in French and Spanish as part of ongoing efforts to reach foreign audiences. Line Webtoon, a global service provided by Naver Webtoon Corp., added two languages in Europe, in addition to English, Japanese, Thai, Indonesian and Chinese, the company said. A total of 40 contents from both home and abroad were released in Europe, with more to be added, it said. "
Dec. 23, 2019
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S. Korea to nurture smart farming industry, promote exports
South Korea said Monday it will launch a set of programs next year to nurture its smart farming industry with an aim to become one of the world's major exporters in the sector.Under the vision, South Korea's annual exports of smart farm solutions will hit $300 million in 2025, growing threefold from $100 million posted in 2018, according to the Ministry of Agriculture, Food and Rural Affairs.The concept of smart farming centers on the application of cutting-edge technologies, such as big data, t
Dec. 23, 2019