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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Auto exports down for 4th month on weak demand from Asia
South Korea's automobile exports dropped 8.6 percent in November from a year earlier to extend its on-year drop to a fourth month due to weak demand from Asian countries and decreased shipments of original equipment manufacturing orders, data showed Friday. South Korean carmakers shipped 217,498 units of cars overseas last month, according to the data compiled by the Ministry of Trade, Industry and Energy. In terms of value, auto exports also moved down 1.4 percent over the period to $3.91 billi
Dec. 13, 2019
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Daewoo Shipbuilding bags $200m offshore facility order from Chevron
Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipbuilder by orders, said Friday it has received a $200 million offshore facility order from a US oil major.Daewoo Shipbuilding said it will build the hull of a semi-submersible floating production unit for Chevron Corp. and said it is expected to be delivered by 2022, the company said in a statement. The deal marks the first in five years that the shipyard clinched a contract to build an offshore facility.The of
Dec. 13, 2019
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S. Korea warns against e-cigarette use until further notice
The Ministry of Food and Drug Safety on Thursday reiterated its advisory against the use of e-cigarettes, citing recent evidence of carcinogenic ingredients. After reviewing 137 liquid e-cigarettes, authorities concluded that some of the products contained flavorings that cause cancer. Several contained vitamin E acetate, which impairs lung functioning when inhaled. None of the products, however, contained THC, the active ingredient in cannabis, which also has harmful effects. THC was not
Dec. 12, 2019
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Samsung Electro-Mechanics to shut down HDI production unit in China
Samsung Electro-Mechanics Co., an electronic components maker affiliated with Samsung Electronics, said Thursday it will shut down one of its Chinese units that produces high density interconnect substrates due to low profitability.Kunshan Samsung Electro-Mechanics Co. in Jiangsu, China, will halt production and sales, Samsung Electro-Mechanics said, adding that it also plans to sell assets of the Chinese unit. Kunshan Samsung Electro-Mechanics produces HDI, a type of printed circuit board used
Dec. 12, 2019
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Coupang offers preorders for Xiaomi Redmi Note 8T
South Korea’s e-commerce platform Coupang said Thursday that it offers a preorder service for Redmi Note 8T, the latest device from China’s cost effective IT brand Xiaomi.Via the platform’s early morning delivery service Rocket Wow, purchasers may receive their newest Xiaomi device by 7 a.m. next Monday, becoming the first users in Korea. The Xiaomi Redmi Note series has gained popularity on the back of its high quality and affordable price -- 239,000 won ($201) in Coupang.The
Dec. 12, 2019
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S. Korea to allow visa-less foreigners to stay up to 72 hours at regional airports
South Korea announced a package of policy measures, including the expansion of a visa-free stay program, on Thursday to help the country's flourishing tourism trickle down to smaller regional provinces.The measures were discussed in a government meeting on strategies to promote regional tourism held in the southern city of Cheongju.Presided over by Prime Minister Lee Nak-yeon, the meeting was attended by the culture, health and transportation ministers as well as vice ministers from the finance,
Dec. 12, 2019
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Hanwha names Lee Tae-kil as new communications head
Hanwha Group named Lee Tae-kil, executive vice president of the group’s compliance committee, as the head of its communications committee in an annual executive reshuffle, officials said Thursday. Lee replaces President Choi Sun-mok, who moves to the committee’s advisory board. After joining Hanwha Chemical in 1991, Lee climbed the corporate ladder by building his career in compliance and communications.The head of Hanwha’s communications committee oversees both the inter
Dec. 12, 2019
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SD Biotechnologies launches strategic global brands
Global beauty and health care company SD Biotechnologies is seeking to appeal to global millennial consumers with newly launched SNP mini and SNP prep skincare products, the company said Thursday. SNP mini is a pouch-type skincare set, comprising six items -- cleansing foam, toner, facial essence, serum, eye and facial nourishing cream and tone-up cream. SNP prep is a large-size product line copious enough to apply for both the face and body. The series’ Peptaronic set, a combination of pe
Dec. 12, 2019
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S. Korea to expand financial support for materials, parts, equipment sectors next year
S. Korea to expand financial support for materials, parts, equipment sectors next yearSouth Korea will expand its financial support programs for materials, parts and equipment sectors next year, as it seeks to boost competitiveness in the key industrial sectors, a senior official said Thursday.Vice Finance Minister Kim Yong-beom made the remarks at a meeting with relevant officials earlier in the day amid a trade spat over Japan's export restrictions against South Korea. Kim said the government
Dec. 12, 2019
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KT teams up with fire agency, hospital for emergency rescue using 5G-AI
Telecom firm KT said Thursday it will provide an optimal emergency rescue protocol using 5G and artificial intelligence technology by collaborating with the National Fire Agency and Severance Hospital. The triumvirate is jointly devising a new smart emergency response service that embeds 5G network for medical emergencies from the 119 emergency call reception to ambulance transportation and hospital emergency room care. As the first step, KT and the NFA on Thursday launched a 5G-based 119 video
Dec. 12, 2019
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US cuts antidumping duty on Hyundai's steel products
The US Department of Commerce has said it lowered its antidumping duty on hot-rolled steel from Hyundai Steel Co., South Korea's second-biggest steelmaker.The department said it "preliminarily" determined that the weighted average dumping margin for Hyundai Steel is 0.94 percent.The figures represent a sharp drop from 5.44 percent in June, according to Hyundai Steel on Thursday. The latest move came a year after the department launched an administrative review of the antidumping duty o
Dec. 12, 2019
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Huawei tipped to narrow gap with Samsung in smartphone shipments
Samsung Electronics Co. is widely expected to maintain its No. 1 status in the global smartphone market this year, but its Chinese rival Huawei Technologies Co. will narrow the gap with the world's largest smartphone maker in terms of market share, an industry report showed Thursday.The South Korean tech giant is tipped to ship 323 million smartphones for a 21.3 percent share in 2019, according to market researcher Strategy Analytics.The estimated shipments and market share are both slightly up
Dec. 12, 2019
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BOK says global chip market will likely recover next year
The global semiconductor market will likely rebound next year on increased demand that may have been held back on hope of additional price drops, the Bank of Korea said Thursday, apparently suggesting a recovery of the local economy as well.South Korea's exports have dropped for 12 consecutive months as of November amid the prolonged trade dispute between the United States and China but also because of an extended slump in the global semiconductor market.Semiconductors alone accounted for more t
Dec. 12, 2019
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Japan threatens to overtake S. Korea in China's cosmetics market
Japan is threatening to overtake South Korea's No. 1 status in China's imported cosmetics market this year, industry data showed Thursday, mainly on the back of the growing popularity of low- to mid-priced "J-beauty" productsJapanese companies accounted for 25.2 percent of China's imported cosmetics in the January-October period, closing the gap between South Korean rivals, whose combined market share was 25.5 percent, according to industry tracker IHS Global Trade Atlas.France came in
Dec. 12, 2019
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[Graphic News] US regains dominance in Korea’s imported beef market
Beef imported from the United States increased significantly, accounting for over 50 percent of South Korea’s imported beef market this year, a trade promotion agency said. Korea imported 209,034 tons of US beef in the January-October period, up 7.9 percent from 193,685 tons tallied during the same period a year earlier, according to data from the Korea International Trade Association. US beef made up more than 50 percent of all imported beef here for the first time since 2003, when Kore
Dec. 11, 2019
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Posco Energy tie-up with FCE faces hurdle
An envisioned joint venture between Posco Energy and US-based FuelCell Energy is making little progress due to mutual differences, an industry insider said Wednesday.The energy unit of steel giant Posco produces molten carbonate fuel cell -- dubbed a second-generation technology -- with technology transferred from the US company. FuelCell Energy CEO Jason Few was in Seoul to discuss the JV proposal. The talks, however, ended without any agreement, sources noted. The two had signed a memora
Dec. 11, 2019
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[Contribution] Korean food enchants Paris
In August, a Korean food section opened in Paris’ finer-goods department store Bon Marche’s La Grande Epicerie de Paris food corner. Some 40 Korean food products were introduced in the new section, targeting the upper echelons and Michelin-starred chefs of Paris. It has been 20 years since the last time a country-specific groceries area was featured in Bon Marche. The launch of Korean food in a foreign country none other than France, famous for its epicurean cuisine culture, co
Dec. 11, 2019
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[Monitor] No. of corporate executives falls
The number of executives leading operations of 30 major conglomerates in South Korea has been falling amid corporate restructuring carried out to offset deteriorating profits and reflect generation shifts in leadership.According to CEOScore, a local corporate tracker, a total of 9,742 executives from 262 affiliates of the 30 business groups in Korea, were registered as of end-September, slightly lower than 9,795 reported in the same month four years ago.Samsung Group slashed 15 percent of execut
Dec. 11, 2019
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S. Korea sets aside W9.4tr for tech independence, green energy
The Industry Ministry said Wednesday it has set aside around 9.4 trillion won ($7.8 billion) in its budget for 2020, up 23 percent from this year, to focus on technology independence from Japan and the expansion of renewable energy. The budget plan for the ministry was finalized through a resolution of the National Assembly on Tuesday. “In response to Japan’s export controls, the budget for supporting the materials and parts equipment has increased significantly from 669 billion won
Dec. 11, 2019
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S. Koreans to face fewer inconveniences for US entry
South Korea and the United States have agreed to reduce inconveniences South Korean travelers experience when entering the US mainland, the transport ministry said Wednesday. In its annual aviation security meeting held in Washington last week, the Ministry of Land Infrastructure and Transport said it signed a "joint statement" with the Transportation Security Administration to work on removing an interview for Koreans entering the US mainland, additional security checks and other inco
Dec. 11, 2019