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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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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Can Jennie break the K-pop solo artist slump?
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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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Daewoo E&C joins hands with Vietnamese constructor CC1
South Korean builder Daewoo Engineering & Construction has joined hands with Vietnam’s state-run constructor CC1 for partnership, the firm said Monday. The two firms signed a memorandum of understanding Friday at the Daewoo E&C headquarters in Seoul, agreeing to exchange information on bidding and projects in Vietnam. Based on its experience and expertise in domestic and overseas markets, Daewoo E&C said it would seek new business opportunities in Vietnam in the fiel
Aug. 26, 2019
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Olive Young partners with WeChat Pay targeting Chinese consumers
Korean health and beauty store operator Olive Young said Monday that it has partnered with Chinese mobile payment platform WeChat Pay to introduce it as a payment option here, as the number of Chinese tourists looking to pay via mobile apps grows.According to the company, the number of Chinese tourists who paid via mobile applications from July 26 to Aug. 25 at its flagship store located in Myeong-dong, Seoul, increased by 45 percent compared to a year prior. The amount spent by Chinese vis
Aug. 26, 2019
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GS Group braces for low-growth era at strategic meeting
GS Group Chairman Huh Chang-soo called for preemptive measures to respond to the sluggish economy at a strategy meeting held on Saturday and Sunday. Under the theme “Strategies for Growth in Low-Growth Era,” the meeting was attended by some 60 CEOs and managers of group affiliates, the firm said.“I hope this conference will be the first step in providing insights amid the changes and uncertainties we are facing in the low-growth era,” Huh remarked.At the two-day meeting,
Aug. 25, 2019
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Binggrae offers variations of steady-seller ‘Banana Flavored Milk’
South Korea’s food and beverage giant Binggrae has multiple signature brands under its belt, and the underlying theme of most of them is that the firm stays true to its original brand image. Most prominent of them is the market’s No. 1 processed milk “Banana Flavored Milk,” with its unique taste and bottle shape.Since its launch in 1974, the beverage has been considered a popular substitute for milk, and thereby responsible for 80 percent of the market specific to banana-
Aug. 25, 2019
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Posco advocates plastic reduction with environmental campaign
South Korean steelmaker Posco announced Sunday the launch of its second #SteelSaveEarth campaign starting Aug. 28 to raise awareness on the detrimental effects of single-use plastic waste on the environment.The campaign was first launched in April to encourage the use of reusable and recyclable steel products as an alternative to plastic. The upcoming campaign will focus on the harm of plastic waste in the marine environment, the company said.Posco’s Clean Ocean Volunteer Group, consisting
Aug. 25, 2019
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Line Man gains traction in Thailand
BANGKOK -- Line Man, an on-demand service platform of Thailand’s most popular messenger app Line, is making inroads in the local market by providing a variety of services, including food delivery, taxi-hailing, parcel and convenience goods, with a large subscriber base, according to a top company executive. Line, a subsidiary of Korean internet search giant Naver, launched its messenger app in Thailand in 2012 and has grown into a leading social media platform with 44 million users out of
Aug. 25, 2019
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Lotte Chemical said to submit initial bid for Japan's Hitachi Chemical
Lotte Chemical, a major South Korean chemical company, is said to have submitted an initial bid to buy Hitachi Chemical Co., the chemical unit of Japan's Hitachi. An official at Lotte Chemical said the company reviewed the feasibility of the bid but declined to confirm whether it submitted the bid for Hitachi Chemical.Hitachi has planned to sell the chemical unit since early this year, and the initial bids for Hitachi Chemical closed on Aug. 9.Meanwhile, Lotte Chemical has said it will merge wit
Aug. 23, 2019
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Volkswagen Korea ordered to compensate car owners for psychological damages
A Seoul court on Friday ordered Volkswagen, Audi and their Korean unit to compensate local consumers for mental distress caused by their emission manipulation scheme and improper recalls.The Seoul Central District Court issued a ruling on a lawsuit filed by some Korean owners of Audi and Volkswagen cars fitted with the so-called defeat devices designed to cheat emissions tests. The court awarded 1 million won ($825) in damages to each of the plaintiffs over their emotional anguish, but dismissed
Aug. 23, 2019
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British American Tobacco ad sparks discussion on ad restrictions
British American Tobacco’s latest music video-like YouTube commercial has prompted Korean health authorities to discuss new legislature to restrict advertisements of e-cigarette devices. The ad “Glo Sens X Loopy&nafla” features popular musicians and has amassed close to 105,000 views as of Friday 11:30 a.m., 11 days after its release.Korean health authorities strictly restrict direct advertisements of tobacco products. However, Glo Sens is not classified as tobacco but as a
Aug. 23, 2019
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SK chief urges digital transformation of businesses, platform
SK Group Chairman Chey Tae-won called for strengthening the conglomerate’s competitiveness in innovative technologies such as artificial intelligence, the group said in a statement Friday.“If we do not minimize trade cost and utilize innovative technology to effectively deliver the value customers are looking for, we cannot secure the future of SK,” he said as he wrapped up four-day in-house forum held in Icheon, Gyeonggi Province, on Thursday evening. “We need to redefin
Aug. 23, 2019
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Lotte Chemical to merge its specialty chemicals unit
Lotte Chemical Corp., a major South Korean chemical company, said Thursday it has decided to merge with its wholly owned subsidiary as part of efforts to streamline its chemical business.Lotte Chemical said its merger with Lotte Advanced Materials Co. will be completed by Jan. 2, 2020.Lotte Chemical formerly owned a 90 percent stake in Lotte Advanced Materials after it acquired the company from Samsung Group in April 2016. It bought the remaining 10 percent stake from Samsung SDI Co. for 2
Aug. 22, 2019
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Posco starts overseas production of cathode materials in China
South Korean steelmaker Posco said Thursday that it has completed construction of a plant in China that will produce cathode materials for rechargeable batteries starting late this year. Under a joint venture with China’s Huayou Cobalt, Posco built the plant in Zhejiang province, capable of producing 5,000 tons of cathode materials per year. It is Posco’s first overseas plant for cathode material production, officials said. Posco holds 60 percent in the venture, with Huayou Cobalt ta
Aug. 22, 2019
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[Advertorial] Citibank Korea emphasizes social contribution through outreach activities
Citibank Korea said Thursday it has carried out two corporate outreach programs so far this year, participated by its executives and employees.In June, some 2,000 employees and their families participated in the 14th annual Global Community Day, a volunteer day celebrated by all Citibank units around the world. The following month some 1,700 employees and their families welcomed the 22nd annual Citi Building Hope and Home, visiting a Habitat for Humanity construction site in Cheonan, South Chung
Aug. 22, 2019
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Dong-A Pharmaceutical promotes acne treatment gel
Dong-A Pharmaceutical said Thursday its pharmaceutical product for acne treatment, Noscarna, leads to a 33.2 percent reduction in scar thickness.According to the company, Noscarna could reduce scar visibility when applied to skin with acne scarring or keloid scars from surgery. Through clinical trials conducted on animals, the results showed 78 percent skin color recovery on skin with scarring as well as 33.2 percent reduction in scar thickness, compared to before the product was used. The produ
Aug. 22, 2019
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SK’s drug unit set for market debut this year
SK Holdings, the holding company of the nation’s third-largest conglomerate, held a board meeting last month to push for the market listing of its drug unit, according to industry sources Thursday.With the board’s approval, SK Biopharmaceuticals is expected to apply for preliminary approval from the stock exchange soon, they added. In April, the drug unit named NH Investment and Securities to lead the initial public offering of the company and Korea Investment and Security as a joint
Aug. 22, 2019
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Court rejects injunction against Hyundai Heavy's shareholders meeting over split-up plan
A Seoul court has rejected an injunction filed by Hyundai Heavy Industries' labor union seeking to nullify the company's split-up plan in its proposed merger with Daewoo Shipbuilding & Marine Engineering, the shipbuilder said Thursday. Hyundai Heavy said the Seoul Central District Court on Wednesday turned down the injunction against its shareholders meeting that approved the company's split. The union has been claiming that the shareholders' meeting in Ulsan on May 31 didn't follow the prop
Aug. 22, 2019
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SKT becomes world’s first to hit 1 million 5G subscriptions
Korea’s SK Telecom said Thursday that it became the first in the world to have over 1 million 5G subscribers for a single network service, vying against 28 other such telecommunication network services in the world.Yoo Young-sang, SKT’s executive vice president and head of the Mobile Edge Computing department, said, “Korea is a unique country that has all the facets that enable a 5G ecosystem such as the technology, the infrastructure, the service and the subscribers. “We
Aug. 22, 2019
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Trump vows again to help Apple against Samsung
US President Donald Trump vowed again Wednesday to help Apple in its competition against Samsung, citing the issue of tariffs. Trump told reporters on Sunday that Apple CEO Tim Cook expressed concern about the impact US tariffs on Chinese goods could have on his company's products, parts of which are manufactured in China.The president said he was "thinking about it" after Cook made a "very compelling argument" that Samsung won't have to pay tariffs because it is based in Sou
Aug. 22, 2019
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Lack of information deters smokers from switching to alternatives: PMI study
A lack of information and confusion deter smokers from switching to alternative options such as heat-not-burn tobacco, according to industry data compiled by Philip Morris International released Wednesday.According to a survey conducted by research firm Povaddo on behalf of PMI, about 55 percent of adult smokers surveyed said they have the information they need about smoke-free products, while 4 in 5 respondents said they agree that a change in their smoking habits was needed.The survey was cond
Aug. 21, 2019
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Ikea Korea to open two more stores by first half of 2020
Home furnishing retailer Ikea Korea said Wednesday it will open two more stores in Korea by the end of the first half of 2020 and expand customer touchpoints within the capital. According to the Swedish furniture giant, Korea’s third Ikea store will open in Giheung, Gyeonggi Province, on Dec. 12. The first Ikea store to sit outside the Seoul and Gyeonggi Province metropolitan area, Ikea Dongbusan, will open in the first quarter of 2020. “Thanks to the great support and int
Aug. 21, 2019