Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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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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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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Can Jennie break the K-pop solo artist slump?
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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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Firefighters’ 3,000 won meals spark nutrition concerns
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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Seoul, Tokyo to hold 2nd round of talks for WTO dispute settlement
South Korean and Japanese trade officials are expected to hold their second round of working-level meetings in Switzerland later this month in an effort to resolve the two countries’ ongoing trade dispute at the World Trade Organization, the Korean government said Friday. According to the Ministry of Trade, Industry and Energy, the two countries have agreed to meet Nov. 19 in Geneva. Their previous meeting had ended with minimal results last month.The agreement came after Seoul filed a com
Nov. 8, 2019
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SKT applies K-pop singer’s voice to smart speakers
South Korea’s largest mobile carrier SK Telecom said Friday it has introduced upgraded functions for its smart speaker Nugu, including a voice assistant that sounds like a popular K-pop singer. Titled “Nugu Celeb Alarm,” Nugu’s new voice command service is based on Irene, leader of girl group Red Velvet. This was achieved via a technology that converts written text into verbal speech, the company said. For the service, SKT collaborated with S.M. Entertainment, one of th
Nov. 8, 2019
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Hanjin KAL takes steps to enhance governance structure
Korean Air Lines Co., said Friday it has taken steps to enhance its governance structure and shareholders' value. Hanjin KAL's board of directors has decided to set up the governance committee and the compensation committee under its wing as part of its broader efforts to improve its governance structure, according to the company. The governance committee will conduct a feasibility study on management issues directly related to shareholders value before a decision is made a
Nov. 8, 2019
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1st batch of Samsung's Galaxy Fold sells out online on 1st
The first batch of Samsung Electronics Co.'s Galaxy Fold sold out on online stores shortly after its launch in China on Friday, according to industry officials. The Korean tech giant rolled out the Galaxy Fold on online and offline stores in China at 10 a.m. for US$2,293, making it the 24th country where the company has rolled out the foldable device. Jingdong.com, one of China's major e-commerce sites, said the Galaxy Fold sold out in just two seconds, and Samsung said on its Chinese blog that
Nov. 8, 2019
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[Graphic News] 5G smartphone users’ monthly data use hits record high in Sept.
Users of smartphones running on fifth-generation networks used a record amount of data in September, data showed, amid growing demand for mobile content. The combined amount of data used by South Korean users of 5G mobile devices reached 87,928 terabytes, according to the data released by the Ministry of Science and ICT. Since the number of 5G subscribers totaled 3.46 million that month, the figure translates to 25.97 gigabytes per user. A two-hour high-definition movie file has around 2 gigaby
Nov. 7, 2019
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Final bidding wraps up for sale of Asiana Airlines
Bidders for the sale of Asiana Airlines, the nation’s second-largest air carrier, threw their hats in the ring Thursday for a last chance, raising market expectations as to the fate of the cash-strapped company. Kumho Industrial has put a 31 percent stake in Asiana Airlines up for sale. Three bidders -- Aekyung Group, Hyundai Development Company and Korea Corporate Governance Improvement -- submitted applications. Kumho and Credit Suisse, the lead manager of the sale, are expected to under
Nov. 7, 2019
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World Aviation Conference held in Incheon for sustainable aviation industry
The fourth World Aviation Conference was held in Incheon this week, bringing together global aviation experts to share current issues and the future of the global airport and aviation industry, according to the Incheon International Airport Corp. on Thursday.The annual conference hosted by IIAC has been taking place since 2016 to provide a venue for relevant international organizations, academia and industry to discuss diverse issues of the aviation industry.At this year’s forum held from
Nov. 7, 2019
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Hyosung expands biz outreach to Mexico
Hyosung Chairman Cho Hyun-joon met with Mexico’s President Andres Manuel Lopez Obrador on Wednesday to discuss business cooperation, including a rural automated teller machine project, which is the core welfare policy of the administration, the Korean firm said Thursday. The meeting held at the National Palace of Mexico comes after Hyosung’s information technology affiliate, Hyosung TNS, was awarded a contract from the Mexican government for 8,000 ATMs worth 203 billion won ($175 mil
Nov. 7, 2019
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Posco chief stresses coexistence for future growth
Posco Chairman Choi Jung-woo on Thursday stressed the importance of forging business partnership in nonsteel sectors for the advancement of technology and sustainable future.Highlighting recent changes in the business landscape amid a slowing economy, Choi also said the steelmaker’s plan to expand its role in community is a way of defining its corporate identity. “Business environment has been deteriorating more than ever with the nation’s slowing economy showing no sign
Nov. 7, 2019
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Korean pharmas eye overseas expansion through CPhI
FRANKFURT, Germany -- Korean pharmaceuticals’ participation in CPhI Worldwide continues to increase as the companies turn eyes to overseas trade in the face of domestic market limits. At the Korea Pavilion for CPhI Worldwide 2019, created in joint effort by the Korea Pharmaceutical Traders Association and Korea Trade-Investment Promotion Agency, 35 firms opened booths to exhibit their products and hold business meetings with global clients.The CPhI Worldwide 2019 was held from Tuesday thro
Nov. 7, 2019
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Incheon airport signs MOU for route expansion in US
South Korea's main airport operator said Thursday it has signed an initial agreement with the Portland airport as it strives to attract new routes from North American carriers.In an event held at a hotel in Incheon on Wednesday, Incheon International Airport Corp. signed a memorandum of understanding with Portland International Airport in the US state of Oregon to conduct joint marketing activities to lure new airline customers and their routes in the United States and Canada, IIAC said in a sta
Nov. 7, 2019
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KT, Hyundai Heavy join hands for 5G-based smart factory
Major telecom operator KT Corp. and leading shipbuilding conglomerate Hyundai Heavy Industries Group said Thursday they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety. In May, the two companies signed a memorandum of understanding to join forces for a 5G-based smart factory. They have been working on projects to combine KT's 5G network, artificial intelligence and big data technologies with Hyundai Heavy Industries'
Nov. 7, 2019
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Hanwha Aerospace wins $1b plane engine parts deal from Rolls-Royce
Hanwha Aerospace Co., a defense industry unit of South Korea‘s Hanwha Group, said Wednesday it has signed a $1 billion deal to supply aircraft engine parts to British airplane engine maker Rolls-Royce. In the contract, Hanwha Aerospace will provide turbine seal segments to Rolls-Royce, the world’s third-largest maker of aircraft engines after General Electric Co., for 25 years starting in 2020, the company said in a statement.“The deal is a big achievement for the company as tu
Nov. 6, 2019
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Foreign companies ‘unsatisfied’ with business environment in Korea: study
A majority of foreign companies and investors in South Korea feel unsatisfied with the business environment here in general, particularly with labor policies, a lack of local experts for research and development and language barriers, a study showed Wednesday.According to the report from the Korea Trade-Investment Promotion Agency, only 26.7 percent of foreign companies were “satisfied” with the business environment, the rest answering either “moderate” or “unsatisf
Nov. 6, 2019
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SPC Group wins GRLC partnership award
SPC Group, a South Korean bakery and confectionary company that operates 60 brands worldwide, received the best partnership of the year award from the Global Restaurant Leadership Conference, a leading global food service conference, the company said Wednesday.The GRLC is the largest conference in the world for the global food service industry, held annually since 2016. SPC is the first Korean recipient of the award, the company added. The conference awards restaurant brands that excel in the gl
Nov. 6, 2019
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Samsung BioLogics seeks partners for Alzheimer’s pipelines
FRANKFURT, Germany -- South Korea’s Samsung BioLogics is upbeat with the addition of a biosafety testing service to its portfolio and is seeking partnerships with companies developing therapies for Alzheimer’s disease.“We have already contacted over 20 companies that may reignite their Alzheimer’s drug pipeline after Biogen’s possible aducanumab approval in the US on Dec. 5,” Samsung BioLogics Senior Vice President and global head of Business Development James
Nov. 6, 2019
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Coffee shops full to brim in Korea
While coffee outlets remain one of the most popular self-owned businesses in South Korea, one out of 10 of them suffer from losses, according to a new report Wednesday. According to KB Financial Group’s report on self-employed workers here, about 71,000 coffee shops were in operation nationwide as of July. Among them, 14,000 places opened last year, as per the data from the Ministry of the Interior and Safety.The number of coffee shops has increased significantly between 2011 and 2016 with
Nov. 6, 2019
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Korea Airports Corp. submits final proposal for Manta airport in Ecuador
South Korean airport operator Korea Airports Corp. said Wednesday it submitted the final proposal for the operation of an airport in Manta, Ecuador, on Monday, after wrapping up a preliminary site survey and working-level discussions.Manta is located in the capital of Quito, a popular vacation city responsible for about 10 percent of the country’s economy. KAC has been selected as the preferred bidder to renovate, expand and operate the airport for 30 years. The airport had suffered d
Nov. 6, 2019
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Asiana boosts competitiveness ahead of stake sale
Asiana Airlines said Wednesday it has been bolstering its competitiveness and rolling out cost-cutting measures ahead of selling its controlling 31 percent stake.With the recovery of passenger traffic on its Chinese routes, Asiana is hoping to see a rebound in its earnings. About 578,000 Chinese tourists visited South Korea in August, increasing to the level before the conflict between Seoul and Beijing on the THAAD missile defense system in 2017. The carrier has also appointed separate managers
Nov. 6, 2019
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Asiana helps children in Vietnam with volunteer day
Full-service air carrier Asiana Airlines said Wednesday that it took part in charity work at a child care center in Ho Chi Minh City, Vietnam, Tuesday, as part of its ongoing corporate social responsibility activities to assist children from low-income families. The South Korean air carrier said a volunteer team made up of Asiana employees visited the Thao Nguyen Xanh Center, a child care facility in the Vietnamese city, along with Communication Executive Director Cho Young-seok, UNICEF&rsq
Nov. 6, 2019