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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Wrinkle eraser BTX lawsuit between Daewoong and Medytox reaches peak
Daewoong Pharmaceutical will submit a sample of its botulinum toxin (BTX) to experts outlined by Medytox by Wednesday as part of a US International Trade Commission investigation. The firms announced Monday that they anticipate this latest development would settle the dispute that has dragged on since 2016 regarding the origin of Daewoong’s BTX. Medytox claims its former researcher illicitly transferred a BTX sample to Daewoong in the process of changing affiliations.Daewoong gained the US Food
May 13, 2019
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Incheon's new int'l ferry terminal to be completed in June
The construction of Incheon's new ferry passenger terminal, linking the western South Korean port to 10 Chinese cities, will be completed next month, officials said Monday.The Incheon Regional Office of Oceans and Fisheries and the Incheon Port Authority said they will begin a pre-delivery inspection of New Incheon Port International Passenger Terminal Tuesday ahead of its completion slated for June 15.The construction of the new passenger terminal began in December 2016 with an investment of 15
May 13, 2019
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Jeju Air to open new Jeju-Fukuoka route in July
Jeju Air Co., South Korea's biggest low-cost carrier by sales, said Monday it will open a Jeju-Fukuoka route in July to better serve its customers. Jeju Air plans to provide three flights a week from Jeju International Airport to Fukuoka starting from July 2, the company said in a statement.(Yonhap)"Jeju Air is the country's only carrier that will operate the Jeju-Fukuoka route to absorb growing travel demand to the resort location in the southern part of Japan," a company spokesman said. Curren
May 13, 2019
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LG’s first 5G smartphone fuels new network competition
LG Electronics’ first 5G-powered smartphones have been fueling competition in a new network market where the nation’s three mobile carriers are in a fierce battle for subscribers since the commercial rollout of 5G network services last month. SK Telecom, KT and LG Uplus have been scrambling to woo subscribers since LG’s V50 ThinQ hit the market Saturday, offering substantial subsidies and trying out other marketing gimmicks. Mobile carriers appear to be taking the launch of the V50 thinQ as an o
May 12, 2019
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US-China trade disputes weigh on export-reliant South Korea
South Korea’s export-reliant economy is likely to suffer a setback as a trade battle between the world’s two largest economies is escalating, according to a local trade organization on Sunday. According to a report released by the Korea International Trade Association, the country is predicted to see a drop of over 0.14 percent in annual exports following the US’ recent move to increase tariffs on Chinese goods. On Friday, the US increased tariffs on $200 billion of Chinese goods from 10 percent
May 12, 2019
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VW battery deal in US at center of court battle between LG Chem, SK Inno
A battery supply deal with German automaker Volkwagen is at the center of a lawsuit initiated by LG Chemical against SK Innovation in the US, court documents indicated Sunday. In a complaint filed by LG Chem with the United States District Court for the District of Delaware, the South Korean battery maker claimed that its smaller rival SK Innovation had undermined its business by unfairly pursuing the deal to supply Volkswagen with EV batteries in the US.In the document, LG Chem accused SK Innov
May 12, 2019
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[Herald Interview] [Bio Startups] Buying and selling technology vital to ABL Bio business model
The Korea Herald is publishing a series of interviews with up-and-coming startups in the biotech sector in cooperation with the Korea Biotechnology Industry Organization. -- Ed. The development process for a novel drug -- from the discovery of a drug candidate through the preclinical trial phase, on to clinical trial phases 1, 2 and 3 and finally commercialization -- normally requires 10 years and at least 1 trillion won ($858 million).What innovative biotech startups do to sustain their busines
May 12, 2019
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Korea’s largest gas conference looks into future of industry
South Korea’s largest gas industry conference to discuss the future of the industry was held in Daegu last week, with around 200 theses presented and exhibitions organized by public and private gas-related firms. The three-day symposium, called 2019 APGC & KIGAS Spring Conference, took place from Wednesday at Daegu Exhibition and Convention Center, sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Foreign Affairs. Attendants take a photo at 2019 APGC & KIGAS Spring Conf
May 12, 2019
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Lotte Chemical’s US ethylene plant to start operations this month
Lotte Chemical said Friday that its ethylene cracker complex in the US will start commercial operations this month, expressing hopes of expanding its global presence and diversifying its ingredients for petrochemical products. The $3.1 billion ECC project is a joint venture with Axiall Corp., which the Westlake Chemical Corp. acquired in 2016. Lotte owns 88 percent of the plant, while Westlake holds the remainder. Lotte Group Chairman Shin Dong-bin (center right) and South Korean Prime Minister
May 10, 2019
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Philip Morris Korea opens Iqos pop-up in Busan
Philip Morris Korea is opening its first Iqos pop-up shop in the city of Busan starting this month for a two-month run, the company said Friday. The store will open until June 29, in the Seomyeon district of downtown Busan.The pop-up shop will feature Iqos vape, Iqos 3 devices and accessories. Philip Morris Korea opens its first pop-up shop in Seomyeon, Busan. (Philip Morris Korea)“We have opened the first pop-up store in the international city of Busan. We hope that this serves as an opportunit
May 10, 2019
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SK hynix ships samples of 96-Layer 4D NAND flash to clients
SK hynix has delivered samples of its new 1-terabit quadruple-level cell product to major solid-state drive controller companies, according to the firm on Thursday. The product is applied with the firm’s own quadruple-level cell technology based on four-dimensional NAND flash.The Korean chipmaker intends to expand its NAND portfolio to 96-layer-based 1-terabit QLC products in response to the growing next-generation high-density memory market.QLC stores 4 bits of data in one NAND cell, allowing h
May 9, 2019
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LG Hausys awarded French certification for building materials
LG Hausys, a South Korean manufacturer of housing materials, became the first domestic company to acquire certification by the Scientific and Technical Centre for Building (CSTB), the company said Thursday.CSTB is a French national organization that makes assessments of materials in the construction industry. LG Hausys’ HI-MACS, a solid acrylic surface that is widely used for both interiors and building exteriors, was recognized by the CSTB for its durability, the firm said.A villa located in Ca
May 9, 2019
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SK Telecom joins hands with Instagram for digital ad business
South Korea’s top mobile carrier SK Telecom said Wednesday it will join hands with Instagram for digital advertising and online marketing by employing platforms for the 5G cellular network. During an event held at SKT’s headquarters in Seoul, the company’s Chief Strategy Officer Ha Hyung-il met with Instagram Vice President Jim Squires to boost their partnership. To spread more contents using 5G network, SKT said it will rely on a variety of distinctive features in Instagram. They include Sto
May 8, 2019
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Aided by IPTV growth, S. Korea mobile carriers see better-than-expected profit
South Korea’s telecom firms have flagged better-than-expected business outcome during the first quarter of this year, as the companies have witnessed growth in revenue from Internet television services. In a statement released Tuesday, SK Telecom said its operating profit came to 323 billion won ($275 million) in the January-March period. It was down 0.9 percent from a year ago, but the decline was much smaller than last year, when profit shrank about 20 percent compared to a year earlier. Th
May 8, 2019
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Hankook Tire Group changes name
South Korea’s leading tire manufacturer, Hankook Tire Group, has changed the name of its holding company and six major subsidiaries to an integrated branding system under Hankook, the company announced Wednesday.Holding group Hankook Tire Worldwide has changed its name to Hankook Technology Group, while its flagship company Hankook Tire changed to Hankook Tire & Technology. Five other subsidiaries also changed the name to include the word Hankook, such as AtlasBX, a storage battery manufacturer,
May 8, 2019
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South Korea to foster 15,000 e-commerce exporters by 2022
South Korea plans to foster 15,000 e-commerce exporters by 2022 with additional infrastructure and financing, amid the rapid growth of e-commerce globally. On Wednesday, the Ministry of Trade, Industry and Energy unveiled plans to help small and medium exporters advance in the global market using online platforms. The plan was jointly announced by the ministries of finance, SMEs and culture. “The local online export market has surged over the past years but there has been a lack of support from
May 8, 2019
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[Herald Interview] Jeju strives to be global benchmark with carbon-free project
SEOGWIPO, Jeju Island -- The resort island of Jeju is striving to be the global benchmark for sustainable development with its carbon-free project that includes plans to boost the use of renewable energy and eco-friendly vehicles, according to Jeju Special Self-Governing Province Gov. Won Hee-ryong.Won, who has used three electric vehicles since taking office in 2014, holds the honorary status of being the first provincial governor to use an official green car.“The change from gasoline cars to E
May 8, 2019
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S. Korea joins US-led efforts to send astronauts back to moon
The South Korean government announced Tuesday it had decided to participate in US-led multinational efforts to return astronauts to the moon by 2024 by co-developing devices used for the lunar landing.According to the Ministry of Science and ICT, The Korea Astronomy and Space Science Institute signed a memorandum of understanding with NASA for cooperation on various space programs and exploration platforms.While the unmanned lunar lander will be developed solely by NASA and American companies, t
May 7, 2019
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Use of personal cups nearly triples at Starbucks due to anti-waste campaign
The number of personal mugs and tumblers used at Starbucks stores nationwide has nearly tripled since the coffee franchise introduced a discount program for users of reusable cups a year ago in accordance with a government-initiated environmental campaign, officials said Tuesday.Starbucks and 15 other coffee franchises signed a voluntary agreement with the Ministry of Environment in May last year to make concerted efforts to reduce the use of disposable plastic cups and increase the use of perso
May 7, 2019
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Korean environmental exhibition wins international acclaim
South Korea’s leading environmental exhibition, the International Exhibition on Environmental Technology & Green Energy, has received UFI certification, the Korea Environmental Preservation Association announced Tuesday.UFI is the French abbreviation for a global association that represents trade show organizers and exhibition center operators. As a UFI-approved international event, ENVEX is now recognized as a high-quality exhibition that provides a secure space for business interactions, KEPA
May 7, 2019