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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[Herald Interview] Alcantara aims to partner with more Korean firms, lifestyle brands: CEO
TOKYO -- For fashion companies in South Korea, switching to sustainable fabrics remains a far-off goal. While the concept is not unheard of, local consumers don’t yet have enough options to choose from compared with consumers in North America and Europe. Yet even here in Korea, the high-quality leather substitute developed by Italian luxury fabric maker Alcantara S.P.A. is a familiar presence – well known as a covering for Lamborgini seats and for Microsoft’s Surface lapto
May 29, 2019
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[Newsmaker] Protests against HHI-DSME merger escalate
Protests by the workers of Hyundai Heavy Industries against a tie-up with Daewoo Shipbuilding & Marine Engineering are escalating, with labor unions of Hyundai Motor and DSME joining the strike on Wednesday. Two days ahead of HHI’s shareholders meeting to decide on modalities of the merger, the workers’ protests intensified by occupying the venue and staging an all-out strike to disrupt the meeting. If the proposal for physical division of the company after merger is passed
May 29, 2019
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Hyundai Steel showcases steel sculptures at Suncheon Bay
South Korean steelmaker Hyundai Steel unveiled three steel sculptures featured in its H-Steel Atelier project on Tuesday at Suncheon Bay Ecology and Culture Education Center in South Jeolla Province. H-Steel Atelier is Hyundai Steel’s corporate social responsibility project that aims to convey a soft and friendly image of steel through arts and culture. It is also a chance for local young artists to create artworks. This year, a contest was open to the public to create artworks in line wit
May 29, 2019
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Third-generation LG family member wanted by Interpol for stock manipulation
A third-generation LG Group family member now on the run overseas has been placed on Interpol's wanted list on charges of stock manipulation and other crimes, prosecutors said Tuesday.The Seoul Southern District Prosecutors' Office said it has asked for Interpol's cooperation for the arrest of Koo Bon-hyun, a nephew of LG Group honorary chairman Koo Cha-kyung, after nullifying his passport. The 51-year-old Koo had escaped abroad after allegedly pocketing an illegal profit of 14.5 billion wo
May 28, 2019
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Amet Actio successfully registers with US regulator
Amet Actio Technology, the American subsidiary of South Korean firm CPE Cell, said Tuesday it has registered with the Securities and Exchange Commission for its greenhouse-gas reduction project to tackle global warming.Being registered means securing credibility among global investors. Amet Actio plans to launch a systematic security token offering in an active way for the development of a certified carbon emissions transaction project.According to US federal laws, STO tokens registered with the
May 28, 2019
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Prime minister promises ‘soft landing’ for gaming disorder in Korea
The Office for Government Policy Coordination under the prime minister said Tuesday that it will form a consultative group to help respond to the World Health Organization’s adoption of game addiction as an official disease. The announcement follows discord between the Culture Ministry, which opposes the WHO decision, and the Welfare Ministry, which stands by it. “Through this consultative group we will minimize the concerns from game industry and seek reasonable ways to settle a hea
May 28, 2019
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LG Electronics fined by FTC for false advertising
LG Electronics was fined 50 million won ($42,000) by South Korea’s antitrust watchdog for false advertisement of one of its home appliances, the government said Tuesday. The Fair Trade Commission said LG falsely advertised that plastic containers inside its Kimchi refrigerators received certification from the US Food and Drug Administration. LG’s Kimchi containers met the safety standards of the FDA but did not receive certification. The FDA certifies only medicines and not plas
May 28, 2019
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Seoul revokes license for gene therapy drug Invossa
South Korea's drug authorities on Tuesday canceled the license for the gene therapy drug Invossa for the mislabeling and the false reporting of an ingredient used, sending a shock to patients and the country's pharmaceuticals sector.The Ministry of Food and Drug Safety's move came after the manufacturer, Kolon Life Science, acknowledged that a substance in the joint pain treatment drug has been mislabeled since 2003, but failed to clearly explain why it had occurred."Kolon Life Science fals
May 28, 2019
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Number of Starbucks' premium outlets in S. Korea exceeds US
Starbucks Korea said Tuesday that the number of its upscale Reserve outlets has exceeded that of the United States, reflecting Koreans' growing appetite for premium coffee.The US coffee giant will open its 50th Starbucks Reserve store in central Seoul on Wednesday, Starbucks Korea said in a statement. The coffee chain runs 37 premium stores in the US."We are planning to expand the Reserve stores in Korea to absorb increasing demand for premium coffee," a company spokesman said. Starbuc
May 28, 2019
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Coupang CEO on list of world’s most creative businesspeople
Kim Beom-seok, also known as Kim Bom, CEO of South Korean e-commerce company Coupang, has been named one of the most creative business leaders by US business magazine Fast Company, officials said Monday.Kim ranked 23rd on the magazine’s 10th annual list of the 100 most creative people in business this year, in recognition of the company’s innovative delivery system and its impact on the e-commerce industry.The Korean company was especially recognized for its fast delivery system, whi
May 27, 2019
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Hyundai E&C’s Hillstate Dasa to go on sale
Hyundai Engineering & Construction said Monday it will begin the sale of 736 units of Hillstate Dasa in Daegu at the end of this month. Hillstate Dasa comprises seven 33-story blocks that each have four basement floors. The units come in two different styles and an officetel type, with all at 84 square meters. All three types have a large-sized dress room, storage, a pantry room and an alpha room. The complex is located near Dasa Station on Subway Line No. 2, which runs across Dae
May 27, 2019
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KT&G goes up against Juul with Lil Vapor
South Korean tobacco manufacturer KT&G began selling its latest e-cigarette, Lil Vapor, Monday, adding to growing competition in the e-cigarette market following the Friday launch of US-based Juul Labs’ vape pen. According to KT&G, Lil Vapor has upgraded the liquid-type e-cigarette by applying “puff signal” technology, which allows the device to tell users how many puffs are left by vibrating. This will be useful for customers who do not notice how much liquid is left i
May 27, 2019
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Industry minister urges Chinese companies to invest in Saemangeum
South Korea’s minister of trade, industry and energy asked Chinese companies to expand their investment in the nation’s Saemangeum projects during a meeting hosted by China’s Jiangsu government on Monday with the aim of boosting ties in trade and investment. On Monday afternoon, Industry Minister Sung Yun-mo and Jiangsu Party Secretary Lou Qinjian met in Seoul to discuss mutual cooperation in the areas of industry, trade and investment. During the meeting, accompanied by t
May 27, 2019
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Ministries divided over ‘gaming disorder’ adoption
Confusion escalated Monday in the aftermath of World Health Organization’s adoption of video game addiction as an official disease.While South Korea’s Ministry of Welfare said it will form a body comprising relevant organizations including parents’ group, game industry, psychiatric experts and legal bodies by June to draw up new policies, the Ministry of Culture said it will raise objections to WHO’s decision.The 194 member states of WHO had unanimously agreed to adopt th
May 27, 2019
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[Monitor] E-cigarette sales on the rise in Korea
Sales of e-cigarettes, electronic devices that simulate the experience of smoking a cigarette, have been rising in South Korea as more people make the switch from traditional cigarettes.According to data from the Ministry of Economy and Finance, e-cigarette sales accounted for 21.3 percent of all cigarette sales in Korea in March this year. In the first quarter of 2019, the figure was 10.9 percent.(khnews@heraldcorp.com)
May 26, 2019
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[Eye on Business] Can Sonokong become a Korean Marvel?
A few years ago, it seemed like nothing could stop Korea’s top toy supplier Sonokong.But alongside a dip in sales, allegations of irregularities and aggressive marketing dented the company’s image.Now back in the black and armed with a partnership with Mattel, the company is trying to replicate its domestic success overseas, but it remains to be seen if its turnaround can gain momentum.The company’s toys -- ubiquitous in Korea -- range from the megahit transformation car-robots
May 26, 2019
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GS E&C opens Vam Cong Bridge in Vietnam
South Korean builder GS Engineering & Construction said Sunday it has completed the construction of Vam Cong Bridge in southern Vietnam. According to GS E&C, an opening ceremony for the bridge was held May 19, attended by officials from GS E&C, the Export-Import Bank of Korea and the Korean Embassy as well as the Vietnamese minister of transport. Vam Cong Bridge, which runs 2.97 kilometers along the Hau River in the Mekong Delta, cost around 240 billion won ($202 million) and took fi
May 26, 2019
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Korea’s micro fuel cell standards internationally certified
South Korea’s micro fuel cell technologies were certified by an international standards organization, becoming the nation’s first hydrogen technologies to receive international certification, according to the government Sunday. The standards on micro fuel cells were certified three years after the Ministry of Trade, Industry and Energy proposed it to the Geneva-based International Electrotechnical Commission in April of 2016. The approval came after much discussion and verification b
May 26, 2019
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[Newsmaker] Korean firms slam WHO’s listing of game disorder
South Korean games companies reacted angrily on Sunday to the World Health Organization’s decision to officially recognize gaming disorder as a disease.A committee comprising 88 organizations, including the labor union of Korea’s biggest game company Nexon, opposed the decision saying it would “deprive a child’s right to play,” as decreed in Article 31 of the United Nation’s Convention on Rights of the Child. “We will do everything in our power to resist
May 26, 2019
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Incheon airport holds emergency response training drills
South Korea’s Incheon International Airport conducted a series of emergency response drills last week to ensure a swift response to urgent situations while minimizing customer inconvenience, the airport’s operator said Sunday.The training dealt with a mock scenario involving a fire within the intra-airport transit system, an autonomous train system that connects passengers to different terminals. Airport authorities and officials from the Ministry of Land, Infrastructure and Tra
May 26, 2019