Most Popular
-
1
Military aircraft evacuating S. Koreans in Lebanon returns home
-
2
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
3
Yoon set for talks with Marcos in Philippines
-
4
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
5
Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
-
6
2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
-
7
Can Jennie break the K-pop solo artist slump?
-
8
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
9
Firefighters’ 3,000 won meals spark nutrition concerns
-
10
From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
-
[From the Scene] Hanwha automation boosts solar efficiency
JINCHEON, North Chungcheong Province -- At Hanwha Q Cells’ factory in Jincheon, North Chungcheong Province, there are hardly any workers. The five assembly lines -- 330 meters wide and 100 meters long -- are run by eight workers each. The high-quality solar cell and module manufacturer claims it is one of the most automated factories in the global industry. “Automation is important. When an employee touches cells or modules, fingerprints or microcracks can be left on the produc
Oct. 16, 2019
-
Korean executives getting younger: study
Executives at South Korea’s large businesses are fewer in number this year and are getting younger, a study found Wednesday.According to recruiting company Unico Search, Korea’s top 100 companies had a total of 6,932 executives, around 100 fewer than last year. The majority, 60 percent, were between the ages of 45 and 54. The most popular birth year for CEOs was 1962. The 27-person list of CEOs born that year includes Korean Air CEO Woo Ki-hong, GS Engineering and Construction CEO Li
Oct. 16, 2019
-
GS Group chairman calls for return to fundamentals amid uncertainties
GS Group Chairman Huh Chang-soo on Wednesday opened the fourth-quarter GS Group executive meeting with words of caution, calling for the company to return to fundamentals amid uncertainties. “Once the fundamentals are strengthened, a proper growth path will appear,” Huh said, citing a passage from the Analects of Confucius. The meeting was attended by some 150 executives and staff members of GS affiliates.During the meeting, Huh rolled out three key paths that GS Group should take du
Oct. 16, 2019
-
Supreme Court finalizes suspension of FSC restriction on Samsung BioLogics
The Supreme Court of South Korea upheld earlier rulings to suspend the Financial Services Commission’s restrictions on Samsung BioLogics, citing fear of irreparable damage to the company. Samsung BioLogics shares on Wednesday jumped just shy of 4 percent to 339,000 won ($285). The Supreme Court’s decision is in line with the earlier ruling from the High Court, which had declared at end-May, “If, according to the suggested restriction, an FSC-appointed auditor replaces top finan
Oct. 16, 2019
-
Korean Air, Raytheon partner for ISTAR military solution
South Korean full-service carrier Korean Air said Wednesday that it had partnered with US weapons and military electronics firm Raytheon to cooperate on the Korean military’s Intelligence Surveillance Target Acquisition and Reconnaissance (ISTAR) solution. ISTAR is used for missions such as disaster monitoring, border security and protection against ballistic missiles, as well as to track mobile ground targets. The British Royal Air Force is one of Raytheon’s clients, using it o
Oct. 16, 2019
-
SK Global Chemical showcases eco-friendly materials at K Show 2019
SK Global Chemical said Wednesday it is participating in a plastic and rubber trade fair in Germany to promote its packaging and automotive materials globally.According to the chemical affiliate of energy giant SK Innovation, it is taking part in this year’s K Show in Germany’s western city of Dusseldorf from Wednesday to Oct. 23. The firm’s two key businesses are being promoted via separate booths with different themes: one-stop packaging solutions and eco-friendly, ultr
Oct. 16, 2019
-
[Herald Interview] Is it a go or a no for Korean bio investment?
The South Korean bio market is not faring well, or so the media here says, fanning anxiety among individual investors. But PMG Investment Solutions’ Head of Healthcare Investment Kwon Myoung-ok brushes that idea aside with a light chortle. “Failure is in the nature of biotech research and development,” Kwon said in an interview with The Korea Herald at the Korea Bio office in Pangyo, Gyeonggi Province, Tuesday. “The foreign big pharmas with 100 to 200 years of h
Oct. 16, 2019
-
Daewoong, Medytox lock horns over BTX DNA report
Daewoong and Medytox once again butted heads over newly submitted DNA investigation reports about each other’s BTX strains. The South Korean manufacturers of wrinkle-erasing botulinum toxin products Meditoxin and Nabota are entangled in legal battles in Korea and the US regarding the source of Daewoong’s BTX strain. Medytox claims Daewoong stole its BTX through a former employee who moved to Daewoong. DNA analysis of the two firms’ BTX was intended to shine a light on the riddl
Oct. 15, 2019
-
Posco wins innovation prize at Steelie Awards
South Korean steelmaker Posco announced Tuesday it has bagged the innovation prize at the 10th Steelie Awards for its eco-friendly advanced resolution printing technology. This year’s Steelie Awards, hosted by the World Steel Association (worldsteel) was held Tuesday in Mexico’s northeastern city of Monterrey. Posco Group Chairman Choi Jeong-woo attended the awards ceremony. Posco’s advanced resolution printing technology dubbed Posart, allows the firm to print high-defin
Oct. 15, 2019
-
[Photo News] Foreign Company Day
FOREIGN COMPANY DAY -- Winners pose for a photo on 2018 Foreign Company Day in Seoul on Nov. 5, 2018. This year on Nov. 4, the Ministry of Trade, Industry and Energy is hosting 2019 Foreign Company Day at Grand InterContinental Seoul Parnas. Organized by the Korea Foreign Company Association, the annual event is held to acknowledge foreign-invested companies and related organizations that have contributed to the domestic economy. (FORCA)
Oct. 15, 2019
-
SK Global Chemical to purchase Arkema’s functional polyolefins business
SK Global Chemical is set to acquire French chemical firm Arkema’s functional polyolefins business, in the latest move to boost its packaging business, the firm said Tuesday. The acquisition, worth 335 million euros ($369 million), is expected to be finalized by the second quarter of next year. The proposed deal is currently under review by antitrust authorities.“This will give SK Global Chemical the competitive edge in American and European markets, where packaging industries are hi
Oct. 15, 2019
-
LG Chem biggest beneficiary of subsidy for innovation
LG Chem was the biggest beneficiary of government subsidies for innovative pharmaceutical firms last year, according to the National Assembly’s Health and Welfare Committee on Tuesday. The government doled out subsidies of 92.2 billion won ($78 million) to 45 pharmaceutical firms carrying out innovative projects in 2018. LG Chem got 13.6 billion won, followed by Daewoong Pharmaceutical (9.2 billion won), Chong Kun Dang (9.1 billion won), Viromed (8.9 billion won), Celltrion (6.8
Oct. 15, 2019
-
BEANPOLE eyes global expansion through brand renewal
Samsung C&T Corp., a construction and fashion unit of Samsung Group, said Tuesday that it aims to accelerate the global expansion of its fashion brand BEANPOLE through renewal efforts.Celebrating its 30th anniversary, BEANPOLE announced its renewal move to rebrand as a "heritage" brand that embraces South Korea's unique culture and sentiment. "BEANPOLE will be reborn as a heritage brand based on our country's unique culture and sentiment," creative director Jung Ku-ho tol
Oct. 15, 2019
-
Low-cost carriers to go on leading Korea’s flight industry: Boeing
Low-cost carriers are expected to continue to lead the growth of South Korea’s flight industry and to expand the country’s passenger transport capacity and air traffic, an executive from American aircraft manufacturer Boeing said Monday. Randy Tinseth, Boeing’s vice president of commercial marketing, said in a press conference in Seoul that South Korea’s low-cost carriers lead the market in Northeast Asia, accounting for 65 percent of the region’s total capacit
Oct. 14, 2019
-
Viva Republica to acquire LG Uplus’ mobile payment unit
Viva Republica has been picked as the preferred bidder for LG Uplus’ mobile payment business unit, according to industry sources Monday. The operator of mobile payment app Toss is expected to sign a deal worth more than 300 billion won ($253.6 million) within this month. The two companies have not yet confirmed the agreement. “The bottom line is whether Viva Repblica can secure that much amount of money to fund the acquisition,” said an industry source. “We ha
Oct. 14, 2019
-
[News Focus] Coway acquisition will fortify business stability: Netmarble
How does it add up when a games company acquires a home appliance rental business? Netmarble, a Korean firm that focuses on mobile game development and distribution, was on Monday named the preferred bidder for a 25.08 percent stake in Woongjin Coway, a firm that operates subscription services for water and air purifiers, mattresses and other miscellaneous household appliances.Netmarble, through an investors’ conference call the same day, explained that it will combine the technological ex
Oct. 14, 2019
-
Samsung SDI to spend W200b on ESS safety measure
Samsung SDI said it planned to adopt a special extinguishing system for its energy storage systems to prevent fires at a cost of about 200 billion won ($169 million), the firm said Monday. The special extinguishing system comprised of advanced chemicals and blockers of thermal diffusion can prevent fires from spreading to nearby cells even if a cell ignites, according to the battery maker. The company plans to apply the system to all of its new energy storage systems and also to the existing one
Oct. 14, 2019
-
[KH Biz Forum] Looking beyond today’s crises and into the future
South Korean business executives, policymakers and opinion leaders on Friday attended The Korea Herald’s second annual business forum to address the growing corporate risks in today’s business environment. This year’s forum was held at The Shilla Seoul under the theme “Korea in crisis: How to survive in an era of trade wars and industrial risks.” It took place amid slowing global economic growth and mounting uncertainties, including US-China trade tension and Ja
Oct. 13, 2019
-
Cheong Wa Dae vows 'patient push' for materials industry growth
Cheong Wa Dae said Sunday it would continue a push to develop South Korea's materials, parts and equipment sector irrespective of Seoul's future ties with Tokyo.To that end, the government plans to launch R&D projects on 80 core items next year, according to Lee Ho-seung, senior presidential secretary for economic affairs.It will also revise an enforcement ordinance to expand tax deductions for new growth engines and original technologies, he said. "(We) will push patiently and consiste
Oct. 13, 2019
-
Movies, dramas become new lucrative business for S. Korean internet companies
South Korea’s leading internet firms are seeking to boost their presence in the entertainment industry by capitalizing on online content popular here and overseas.Using their internet cartoons, K-pop streaming services and other web-based items, Naver and Kakao have been accelerating their efforts to monetize lucrative content by adapting them into movies and dramas. In addition to establishing drama studios and streaming platforms, the internet giants have acquired stakes in local enterta
Oct. 13, 2019