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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Pearl Abyss aims at global market through G-Star
Pearl Abyss said it will showcase four new games targeting the global markets at the upcoming G-Star 2019 slated for Nov. 14-17 in Busan, South Korea. G-Star is Korea’s biggest annual game trade show where new games in developments are unveiled to the public and investors. Pearl Abyss, the company behind the globally-played Black Desert, said it will set up a G-Star booth where gamers from across the world will globally connect to experience diverse genre and platform of games. Among
Oct. 24, 2019
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Who’s in and who’s out at G-Star 2019?
G-Star 2019, the biggest annual game convention in Korea, is to see attendance from a slew of notable players in the game industry, but several will be missing from the picture. Biggest local game companies Nexon and NCSoft are not participating in this year’s event, with the former citing a desire to focus on its games in development and the latter citing the need to direct all its time and manpower to the imminent launch of its new mobile game Lineage2M. Smilegate and Kakao Games have al
Oct. 24, 2019
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Korea’s biggest game convention G-Star to return in Nov.
The port city of Busan is expected to see a splurge of footfalls in November, with Korea’s biggest annual game convention G-Star slated to return Nov. 14-17 at Bexco.On the eve of the game trade show, the yearly Korea Game Award ceremony will reward the best games of the year at the Cultural Hall at Centum City, the city’s largest department store complex. Last year’s winners were Pearl Abyss’ Black Desert Mobile and Nexon’s Durango: Wild Lands. Visitors are given p
Oct. 24, 2019
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Posco’s Q3 profit down 32 percent
Korean steel giant Posco saw its operating profit drop 32 percent in the third quarter from a year prior over rising raw material costs, the company said Thursday.Its operating profit marked 1.04 trillion won ($887 million), with sales falling 2.6 percent to 15.9 trillion won, it said. Its net profit halved to 496.8 billion won in the July-September period, from a net profit of 1.05 trillion won a year earlier. The earnings reflected rising material costs, dragging operating profit down 8.5 perc
Oct. 24, 2019
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NCSoft looks forward to rosy Q4 with Lineage2M
South Korean video game developer NCSoft expects rosy fourth-quarter earnings following the launch of its new high-end mobile game Lineage2M. Lineage2M’s advance sign-ups have surpassed 5 million in 32 days, setting a record as the fastest rate among every other games in the domestic market. The previous title was held by Lineage M, at 53 days. Lineage M, also by NCSoft, had recorded 5.5 million early sign-ups, the biggest volume on record. NCSoft predicts Lineage2M will renew this r
Oct. 24, 2019
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LG Household & Health Care shines in Q3 despite market saturation
LG Household & Health Care has reported a record-high third quarter performance on Thursday, which the firm attributed to the continued trend of premium beauty products. LG H&H posted an operating profit of 311.8 billion won ($266 million) in Q3, up by 12.4 percent on-year. Its sales came at 1.96 trillion won, increased 13.1 percent from last year. The company said despite deepening concerns in the overall Asian economy, the consumer demand for luxury cosmetics has continued,
Oct. 24, 2019
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Sephora debuts in Korea, plans to run seven stores by 2020
Beauty and fashion powerhouse LVMH’s cosmetics retailer Sephora opened its first store in Korea in the capital’s posh Gangnam on Thursday. The brick-and-mortar Sephora store is located inside Parnas Mall in Samseong-dong, showcasing some 100 different cosmetics and perfume brands including its own Sephora collection. “Korean market has the most vibrant, dynamic and trend-savvy customers who have high understanding of beauty products,” said Benjamin Vuchot, president
Oct. 24, 2019
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Hyundai Motor’s Q3 profit dented by large warranty costs
Hyundai Motor Group said Thursday its operating profit in the third quarter fell 69.4 percent on-quarter, after having injected some 600 billion won ($511 million) to settle US lawsuits regarding faulty engines.According to Hyundai, its third-quarter operating profit is estimated at 378.5 billion won, while sales came in at 26.9 trillion won. Earlier this month, Hyundai announced a lifetime warranty for its 4.69 million faulty Theta 2 GDi engines in its vehicles, following massive recalls a
Oct. 24, 2019
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Korean businesses eyeing Turkmenistan market
The Korea International Trade Association held the first Korea-Turkmenistan business council with the Turkmenistan Chamber of Commerce on Thursday in Seoul as a follow-up to the summit between the two nations held in April. The council was held to discuss how Korean companies can enter into promising fields in Turkmenistan such as energy, transportation, water environment and industries, including textiles, information and communications technology and shipbuilding, KITA said. The plenary s
Oct. 24, 2019
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eBay Korea differentiates sales strategy with Smile service
E-commerce retailer eBay Korea, which operates Gmarket, Auction and G9, shared Thursday that the key reason for its dominance in the industry is its Smile service that creates a convenient online experience.Its online payment system SmilePay, at the forefront of the Smile service, was introduced in 2014. The system allows users to store credit card information online, drastically reducing purchasing time. According to the company, the system accounted for more than 53 percent of all payments mad
Oct. 24, 2019
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S. Korea to hold nationwide shopping festival in Nov.
South Korea will launch a nationwide shopping festival next month in conjunction with major shopping malls and retailers to attract overseas tourists and boost domestic consumption, the event's organizers said Thursday. The annual Korea Sale FESTA will kick off for a 22-day run on Nov. 1, according to the Ministry of Trade, Industry and Energy. As of Thursday, around 600 companies have expressed an intention to participate in the event, up 150 from a year earlier.South Korea will promote closer
Oct. 24, 2019
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Asiana offers job experience to teenage students
Asiana Airlines said Wednesday that it will offer job experience opportunities to teenagers at the education donation exhibition taking place from Wednesday to Saturday at Kintex in Ilsan. The eighth annual event hosted by the Education Ministry invites some 150,000 teenagers to experience different job and career opportunities, with some 120 companies participating. Asiana has been taking part in the exhibition for eight consecutive years, hoping to nurture talent in the aviation ind
Oct. 23, 2019
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Samsung BioLogics posts 136.6% increase in revenue for Q3
Samsung BioLogics has turned to black in the third quarter as per its latest earnings report Wednesday.The company officially posted revenue of 184.8 billion won ($157.6 million), 23.6 billion won operating profit and 44.1 billion won net profit in the third quarter. The revenue was a 136.6 percent increase from the second quarter. BioLogics cited the performance was due to a slowdown in its first and second plants and newly recognized profits from the third plant. A slowdown is a necessary bien
Oct. 23, 2019
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Oxford University study contradicts WHO on gaming disorder
A fresh study at Oxford University suggests that obsessive gaming may be an expression of underlying psychosocial frustration rather than an evil in itself, contradicting the World Health Organization’s recent decision to identify it as a mental illness.According to a recent research paper by professor Andrew K. Przybylski at the Oxford Internet Institute, moderate use of screen time can be good for one’s health.“In the absence of compelling evidence linking digital screen enga
Oct. 23, 2019
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HLB trading suspended after 2-day 40% spike
Authorities suspended the trading of biotech HLB’s stocks on Wednesday to offset a sudden 40 percent jump over two days on the back of hyped expectations for a new cancer drug.HLB will have a pre-new drug application meeting for Rivoceranib with the US’ Food and Drug Administration on Friday, by Korean time.HLB stock ended Tuesday 7.75 percent higher at 180,800 won ($154) after hitting a new 52-week high of 209,700 won during intraday trading, edging out Celltrion Healthcare.On the p
Oct. 23, 2019
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KT&G wins top corporate governance award
South Korean tobacco manufacturer KT&G has received the top corporate governance award, the firm said Wednesday. This year’s corporate governance evaluation was reviewed by Korea Corporate Governance Service covering some 924 listed companies and financial firms. KT&G said it received top grades in the KCGS’ ESG evaluation for two consecutive years, which includes social responsibility, environmentally responsible management and governance, recognized for the high l
Oct. 23, 2019
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What kinds of liquid-type e-cigs are sold in Korea?
The South Korean government on Wednesday issued a “strong warning” on the use of liquid-type e-cigarettes over health concerns, drawing public attention to the different popular brands available here. There are three types of e-cigarettes sold in Korea: heat-not-burn, liquid, and a hybrid version which combines the first two types. Korea’s e-cigarette brands account for 13.5 percent of its tobacco market by sales as of June, according to government data. The total tobacco
Oct. 23, 2019
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S-Oil recognized for sustainable management
South Korean oil refiner S-Oil announced Wednesday it has made it on this year’s Dow Jones Sustainability Indices and has been awarded the 2019 Outstanding Companies Award handed out by the Korea Corporate Governance Service.Both DJSI and KCGS measure corporate sustainability across economic, social and environmental aspects.According to S-Oil, a total of 318 global firms were included in the 2019 DJSI World Index, and S-Oil was one of the 19 Korean firms listed. It is also the only oil re
Oct. 23, 2019
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South Korea hosts renewable energy conference
South Korea is hosting an international renewable energy conference this week to discuss the global climate crisis and measures to expand renewable energy use with around 3,500 participants from 108 nations. The International Renewable Energy Conference, which kicked off Wednesday in Seoul, is a biannual energy forum. The three-day event is being attended by government officials from 59 countries, including the US, Germany and China, international organizations, including the International Renew
Oct. 23, 2019
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Hyundai Heavy workers to stage partial strike amid wage dispute
Workers at Hyundai Heavy Industries Co., South Korea's top shipbuilder, will stage a partial strike this week, its labor union said Tuesday, amid little progress in its wage negotiations with management.The decision to lay down their tools for four to seven hours per day from Wednesday to Friday came after the labor union's 21st round of wage talks with the company ended without an agreement earlier in the day.The negotiations began in May, but the two sides have yet to find common ground.The un
Oct. 22, 2019