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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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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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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'Will AI steal my job?' Koreans among nationalities feeling most threatened by AI
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Lotte Liquor increases price of alcoholic beverages
Liquor prices are continuing to increase across South Korea, the latest being those from Lotte Liquor, industry sources said Saturday.Starting this month, prices of liquor from Lotte Chilsung Beverage’s distiller unit will increase by up to 10 percent.Soju brand Chum-Churum, Chungha rice wine and Kloud beer are among the tipples to see a change in price, Lotte Liquor said. The company explained that while they tried to reduce consumer burden by maintaining the price, an eventual increase w
June 2, 2019
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Asiana Airlines holds Star Alliance CEO meeting in Seoul
Asiana Airlines on Saturday hosted a meeting of CEOs from Star Alliance member carriers for the first time in Seoul, to strengthen efforts in elevating the brand value of the world’s largest global airline alliance. The gathering was held on the sidelines of the International Air Transport Association’s annual general meeting in the capital city. Asiana Airlines, South Korea’s second-largest air carrier, has been a member of the alliance since 2003. It has jointly operated mile
June 2, 2019
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LS Cable & System donates W500m in scholarships to Donghae City
LS Cable & System donated 500 million won ($420,877) in scholarship funds to Donghae City as part of the company’s efforts to help foster local talent. LS C&S President and CEO Myung Roe-hyun delivered the donation to Donghae City Mayor Shim Kyu-eon in a ceremony held Wednesday last week, the company said. “Donghae is the cradle of our submarine and extra-high-voltage cables, which are the core products of LS C&S’ global business,” Myung said. “As a loca
June 2, 2019
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[Newsmaker] US-China trade war takes toll on S. Korea’s exports
With the trade dispute between the US and China casting a shadow over the global economic outlook, South Korea’s exports fell for the sixth straight month in May, as the country’s shipments of semiconductors declined by about one-third from a year prior. According to data released by the Ministry of Trade, Industry and Energy on Saturday, South Korea exported some $45.9 billion worth of products in May, about 9.4 percent down from a month earlier.The government attributed the poor pe
June 2, 2019
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LG Chem CEO hosts first recruitment event in Europe
South Korean battery maker LG Chem said Sunday that its vice chairman hosted the firm’s first-ever recruitment event in Europe in an effort to search for global talent. On Friday, Vice Chairman and CEO Shin Hak-cheol hosted the event in Frankfurt, Germany, attended by 30 undergraduate and graduate students from 10 major universities and institutes across Europe. The firm’s Chief Human Resources Officer No In-ho also joined the event. The event not only marked the firm&rsquo
June 2, 2019
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Global air carriers gather in Seoul for IATA annual general meeting
An annual meeting of the world’s largest organization for air carriers kicked off Sunday for the first time in Seoul, bringing some 1,000 market leaders from 290 air carriers together to discuss the future of air transport under the theme “The Vision for the Future.”Dubbed the aviation industry equivalent of a United Nations gathering, the two-day event surrounding the International Air Transport Association’s 75th annual general meeting will cover topics ranging from the
June 2, 2019
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World’s top 5 IP offices to meet in S. Korea
South Korea will host the annual roundtable of IP5 -- the world’s top five intellectual property offices -- in Incheon’s Songdo on June 11-13, the Korean Intellectual Property Office said Sunday.“This year’s event will be the third IP5 forum to be held here, since the first one in 2008 in Jeju Island and the second one in Busan in 2014,” KIPO said in a release.“It will be attended by over 100 key officials, including the chiefs of the IP5 offices, director gen
June 2, 2019
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OB shows support for LGBTQ community with rainbow Cass can poster
South Korea’s largest alcoholic beverage provider Oriental Brewery expressed its support for the Seoul Queer Culture Festival which starts Saturday and sexual minorities, according to the company’s social network accounts on Friday.On its official Twitter account, the company posted an image of a rainbow-colored Cass can with a message that read, “(The company) supports your color, YASS!” with hashtags such as “#queer festival.” It also said the company sends
May 31, 2019
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Global biopharma firms back open innovation with Korean startups
Open innovation, a joint effort to discover and develop innovative ideas, has become a major mantra of most industries, with the bio sector firms being no exception in their search for novel drug candidates.Attention toward biotech and novel drugs has spiked particularly in South Korea after the government announcement in May to inject 4 trillion won ($3.36 billion) in the bio-health industry.Against such a backdrop, several global pharmaceutical firms in Korea are engaged in identifying and sup
May 31, 2019
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On-arrival duty-free shops open at Incheon airport
Two new duty-free shops opened at the arrival terminals for passengers landing at Incheon International Airport at 2 p.m. on Friday.SM Duty Free started operations of two stores on the first floor of Terminal 1, while Entas Duty Free opened a single store on the first floor of Terminal 2, near the baggage claim areas of each terminal, according to Korea Customs Service and the Ministry of Economy and Finance.“The launch of on-arrival duty free shops is a good example of the Moon Jae-in gov
May 31, 2019
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Busan, Changi Airport Group sign MOU for expanded air transport
BUSAN -- Busan Metropolitan City and Singapore’s Changi Airport Group on Friday signed a memorandum of understanding to increase the air transport volume between Busan and Singapore and strategically support trade, business and tourism. The partnership between Busan and Changi Airport comes as South Korea’s low-cost carriers Eastar Jet, Jeju Air and Singpore’s SilkAir were licensed in February with traffic rights for the Singapore-Busan route, officials said. SilkAir
May 31, 2019
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HHI shareholders approve split-up plan amid union backlash
Shareholders of Hyundai Heavy Industries on Friday approved a split-up plan of the company amid intense opposition from the labor union.The split is the first step for the country’s largest shipbuilder to carry out its proposed merger with runner-up Daewoo Shipbuilding & Marine Engineering.In March this year, HHI signed a deal with Korea Development Bank to acquire DSME for 2 trillion won ($1.7 billion). The state-run bank is the largest shareholder of cash-strapped DSME, with a 55.7 p
May 31, 2019
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Industrial output up for 2nd month in April
South Korea's industrial output rose for the second straight month in April on the back of a rise in the semiconductor and oil refining sectors, government data showed Friday, with the facility investment also gaining ground over the period.The industrial output increased 0.7 percent on-month last month, following a 1.5 percent rise in the previous month, according to the data from Statistics Korea.Production in the mining and manufacturing sector increased 1.6 percent on-month, led by the semic
May 31, 2019
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[Herald Interview] The man behind Sister Carrie
Not many people know Theodore Dreiser’s 1900 novel “Sister Carrie” in South Korea. For kids here, “Carrie eonni” or Sister Carrie who introduces toys on YouTube is the “president.” Since its YouTube launch in 2014, Carrie has become an influential figure with more than two million subscribers. Early on, CarrieSoft, the company behind Carrie and Toys -- with real-person and animation characters -- has attracted investments from NHN Entertainment and
May 31, 2019
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[Herald Interview] Korean aviation market important, but has room for regulatory improvement: IATA CEO
Although the South Korean aviation market has strength as a transport hub, contributing $47.6 billion to the country’s GDP with 838,000 people working in the industry, the director general and CEO of the global airlines association noted there is still scope for growth if regulations are brought in line with global standards.Alexandre de Juniac, director general and CEO of the International Air Transport Association, is in Seoul for IATA’s 75th annual general meeting and the World Ai
May 30, 2019
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[Herald Interview] ‘MRO market crucial for future of South Korea’s aviation industry’
Riding on the growing demand for overseas travel and fast expanding cargo volume, South Korea has quickly become a major gateway, handling more than 1,000 aircrafts at Incheon International Airport alone.The airport is the world’s top service provider and the third-largest cargo terminal which processes 800,000 tons of outbound cargo annually. But when it comes to fleet maintenance and repair services, Asia’s top airport is still in its infant stage, said Paik Soon-suk, president and
May 30, 2019
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Hyundai Oilbank promotes culture of philanthropy
South Korea’s petroleum and refinery company Hyundai Oilbank has been actively promoting a culture of philanthropy through its “1% Nanum Foundation,” which is funded through a portion of the employees’ monthly salary, the firm said Thursday.The foundation, which was established in 2011, has been serving as a means for more than 95 percent of the firm’s employees and executives to donate a portion or 1 percent of their salary for charitable work. Nanum means &l
May 30, 2019
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Google changes unfair terms for YouTubers’ content at FTC’s request
Google has changed terms and conditions related to copyright infringement on its video-streaming platform YouTube at the request of South Korea’s antitrust watchdog, the government said Thursday. The Fair Trade Commission said the US tech firm had changed eight terms and conditions in a follow-up to the request in March. The authorities had asked for the revision of clauses that allowed YouTube to arbitrarily delete and reuse videos posted by users.Under the revised terms, if a user’
May 30, 2019
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SK Broadband expands program varieties for B tv
SK Broadband, a subsidiary of SK Telecom, announced Thursday its IPTV service B tv will provide subscribers more program varieties.B tv will be rolling out children educational programs, health and fitness programs, as well as E-mart discount coupons, the company said.Of the programs dedicated to infants and toddlers, one is called “Playsongs Home,” a music service made by SK Broadband and music preschool Playsongs.Infants and toddlers under the age of three can watch music programs
May 30, 2019
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Committee launched to fight ‘gaming disorder’ adoption in Korea
Wearing all black with condolence pins affixed to their chests to signify the gaming industry’s distress over the adoption of gaming disorder, a committee was launched Wednesday to oppose the move. The committee comprising 90 organizations, announced in a press conference at the National Assembly that it would serve as a watchdog for a healthy gaming environment and review the validity of the World Health Organization’s gaming disorder.The controversy has escalated since Saturday, wh
May 29, 2019