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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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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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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Firefighters’ 3,000 won meals spark nutrition concerns
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5G smartphones to boost revenue for Samsung Display
Samsung Display faces new opportunities for sales growth as the growing demand for fifth-generation smartphones is expected to drive up sales of the firm’s small and medium-sized OLED panels, industry watchers said Sunday.OLED panels, a key component of large-screen smartphones, are seeing increased demand with the rise in consumption of high-definition video and game content among handset users. Global handset makers, Samsung Electronics, Apple, Huawei, Oppo and Vivo, began to adopt
Dec. 8, 2019
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[Herald Interview] Electricity market competition, price hike needed for green energy expansion
South Korea’s efforts to tackle environmental issues related to power generation using conventional technologies are no longer sustainable, and the only way forward -- apart from expanding renewable energy -- is to allow private operators in the sector which is now controlled by state firms, according to Korea Energy Economics Institute President Cho Yong-sung.“Korea should now ponder whether its energy market needs to embrace a free market mechanism in a new era driven by renewable
Dec. 8, 2019
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KT’s epidemic prevention platform launches in Kenya
Telecom KT’s disease control platform recently launched in Kenya, widening reach in the African continent.KT’s Global Epidemic Prevention Platform will be locally serviced by the nation’s biggest telecom provider Safaricom, and will be called Safari Smart, meaning “smart travel” in Swahili. KT underlined the significance of this collaboration, saying this is the first time for a Korean company to tap Kenya’s national quarantine service. Kenya is a critical hub
Dec. 8, 2019
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Hanwha’s investment in Overair gets all-clear signal for takeoff
Hanwha Systems announced Sunday that its $25 million investment in US-based air taxi startup Overair has got final approval from authorities.The two companies plan to jointly develop personalized aerial vehicles following the US Committee on Foreign Investment’s greenlight. Overair, previously K4 Aeronautics, is a spinoff of Karem Aircraft -- which manufactures aerial vehicles capable of vertical takeoff and landing. It is one of the core partners of the Uber Elevate project for commercial
Dec. 8, 2019
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S. Korea's exports likely to suffer worst drop since 2009: reports
South Korea is likely to see its worst annual exports performance this year since the global financial crisis, economic reports showed Sunday, due to the global trade slowdown and a slump in the semiconductor market. The value of South Korean goods exports is expected to plunge 10.2 percent on-year in 2019 on a customs clearance basis, according to Bank of Korea, the worst drop since 2009 when the country suffered 13.9 percent decline. Private economic think tanks released similar forecasts. LG
Dec. 8, 2019
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BTS’ music video second-most liked in world: Youtube
Music videos by South Korean K-pop groups were among the top 10 most liked videos on YouTube globally this year, including those from BTS and Blackpink.According to YouTube, BTS’ hit song “Boy With Luv” featuring Halsey was the second-most liked video in 2019. It was followed by four-piece girl group Blackpink’s “Kill This Love” music video, which was also the eighth-most played globally, the only Korean act to be included on that list. This year’s
Dec. 6, 2019
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S. Korea to promote exports of its designed nuke reactors
South Korea will seek to export more its endogenously designed nuclear reactors, the country's state-run nuclear plant operator said Friday, as it has successfully completed the construction of two new nuclear reactors in the southern port city of Ulsan.The Korea Hydro & Nuclear Power Co. held a ceremony to mark the completion of the reactors, called Shin Kori-3 and Shin Kori-4. The Shin Kori-4 started commercial operation in August, after completing its two-month pilot run without any glitc
Dec. 6, 2019
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Passengers flying to Japan fall 43.7% in Nov.
With tension between South Korea and Japan showing no signs of abating, the number of passengers who flew to Japan in November fell by 43.7 percent on-year, government data showed Friday. According to the Transport Ministry, 891,851 passengers used domestic air carriers’ Japanese routes in November. In November, there were 5,759 flights to Japan, down 39.7 percent on-year. Among the country’s provincial airports, Muan Airport and Yangyang Airport did not operate Japan
Dec. 6, 2019
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11 S. Korean firms to offer blockchain-based ID, certification services
A consortium comprised of 11 major South Korean companies, including Samsung Electronics Co., said Friday it will commercialize blockchain-based mobile identification and certification services that allow users to safely handle their personal information. Initial DID Association said it will launch a mobile application called Initial next year to provide decentralized identifier service. DID allows users to control their digital identity and information without any centralized registry
Dec. 6, 2019
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Samsung chief faces pivotal stage in bribery trial
Lee Jae-yong, vice chairman of Samsung Electronics and de facto leader of Samsung Group, faces another hearing on Friday over bribery allegations that led to the ouster of former President Park Geun-hye in 2017.This is his third appearance at the court since the Supreme Court ordered the reconsideration of the case, pointing out that some key allegations had been left out in the original trial. The hearing is set to start at 2:05 p.m. at the Seoul High Court. All eyes are fixed on whether the be
Dec. 6, 2019
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[Newsmaker] Revision bill on banning Tada's taxi business passed at parliamentary committee
A National Assembly committee on Friday passed a revision bill on effectively outlawing the controversial taxi business of Tada, a South Korean ride-hailing service operator.The revision to the passenger transport service act, approved by the parliamentary transportation panel, restricts the outsourcing of drivers for the use of rental vans with 11-15 seats to tour purposes only. Cars must be rented for at least six hours and users are required to possess boarding passes if vehicles are rented o
Dec. 6, 2019
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LG Chem, GM to set up EV battery JV in US
LG Chem Ltd., South Korea's leading chemical company, said Friday it will establish a 50:50 joint venture with General Motors to build a battery cell assembly plant in the world's most important automobile market amid a global push for zero emissions.LG Chem and GM said they will invest up to a total of $2.3 billion through the joint venture company.The joint venture will set up a battery cell assembly plant in the Lordstown area of northeast Ohio. Groundbreaking is expected to take place in mid
Dec. 6, 2019
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S. Korea aims to become 3rd-largest cosmetics exporter by 2022
South Korea aims to become the third-largest cosmetics exporter in the world by 2022 through extensive investment in research and development and concerted marketing efforts, the government said Thursday.The country's makeup products are globally competitive, with growth buoyed by popularity of the Korean Wave and the growing reputation of K-beauty as being high quality yet affordable, the Ministry of Health and Welfare said.It said despite such gains, there is room for improvement, with South K
Dec. 5, 2019
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Antitrust watchdog opposes revised bill over ride-hailing operator Tada
South Korea's antitrust regulator on Thursday voiced its opposition to a revised bill that would significantly restrict the business of ride-hailing operator Tada.The Fair Trade Commission said it will convey its stance to a parliamentary subcommittee later in the day as lawmakers begin deliberations on the revised bill.Tada, the Korean word for "ride," was launched in October 2018 and has rapidly grown to become Korea's leading ride-offering service. It offers ride-hailing services wi
Dec. 5, 2019
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#Hyundai Oilbank to launch new brand for oil with less sulfur
Hyundai Oilbank to launch new brand for oil with less sulfurBy Cho Chung-unSouth Korea’s major oil refiner Hyundai Oilbank said Thursday it plans to launch a new brand of its very-low sulfur fuel oil to target the growing demand in the maritime industry.Tentatively named Hyundai Star, the company touts the brand’s unique manufacturing process developed as a solution to IMO 2020 guidelines. The new International Maritime Organization Low Sulphur Regulation -- to be effective from Jan. 1 -- requir
Dec. 5, 2019
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SK Group’s control tower taps 4 new CEOs
South Korea’s third-biggest conglomerate SK Group announced Thursday that it has tapped four new CEOs with the goal of maintaining its “Deep Change” initiative amid persisting difficulties in the global business environment. The four newly promoted CEOs -- Park Sung-ha of SK Holdings C&C, Lee Young-wook of SK Materials and head of Investment Center 2, Choi Jin-hwan of SK Broadband and Cha Gyu-tak of SK Lubricants -- will join the Supex Council, the de facto control body of
Dec. 5, 2019
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Cha University GRRC holds symposium on natural resource for medical use
Cha University’s Region-Specific Resource Advancement Center in Northeast Region of Gyeonggi-do (GRRC) recently held a symposium to present cutting-edge technology on natural resources’ separation and refinement using Prep-HPLC technology, it said Thursday. GRRC is a regional platform to share the latest expert scientific opinions on participating corporations’ local natural resources-based novel drug development. The event held on Sept. 27 marked the sharing of technolog
Dec. 5, 2019
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KAI succeeds in first flight of light civil helicopter
Korea Aerospace Industries has successfully performed the first flight test of its light civil helicopter, the firm said Thursday. The helicopter delivered its first flight performances for about 20 minutes after take-off, KAI said.The light civil helicopter, which began development in June 2015, is now applied with advanced technologies for the main gearbox, cockpit and canopy, KAI explained. It is also equipped with a main rotor and tail rotor with low vibration and noise.The copter can be dep
Dec. 5, 2019
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LG Chem, GM to set up EV battery manufacturing joint venture in Ohio: report
LG Chem Ltd., South Korea's leading chemical company, and US auto giant General Motors have reportedly reached an agreement to set up an electric vehicle battery manufacturing joint venture in the United States.The two sides are expected to make an announcement on Thursday (US time) on establishing a 50:50 joint venture in Ohio, Reuters reported, citing unnamed sources.GM and LG Chem are expected to chip in more than $1 billion to set up an EV battery producing facility, Reuters said. LG Chem de
Dec. 5, 2019
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IKEA to open its 3rd store in S. Korea next week
Swedish furniture giant IKEA said Thursday that it will open its third outlet in South Korea next week as it strives to strengthen its presence in Asia's fourth-largest economy.IKEA Korea said the 49,800-square-meter store set to open in Giheung on Dec. 12 will enhance accessibility to residents in the nearby area with new services such as home furnishing consultants and a seamless shopping experience offline and online.IKEA Giheung Market Manager Anje Heim said she is excited to "offer bet
Dec. 5, 2019