Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Yoon set for talks with Marcos in Philippines
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Korean bands get their day in the sun, finally
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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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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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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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CheongKwangJang launches new red ginseng brand
With growing consumer interest in healthy super food and enhancing immunity levels, South Korean red ginseng product maker CheongKwanJang has launched a special edition of Korean Red Ginseng Extract Everytime -- a 6-year-old Korean red ginseng extract that comes in a portable stick-type pouch. With the spring season in full bloom, the company said it has launched a cherry blossom-motivated package edition called Everytime Blossom, which comprises 100 stick-type pouches in two tin containers. Che
April 21, 2019
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Nexon to host big gaming convention NDC 2019
Nexon Developer Conference, an annual convention for IT and gaming companies, will return this year from Wednesday to Friday at Nexon Korea’s headquarters in Pangyo Techno Valley, Gyeonggi Province.Well-known game developers and IT experts from around the world will attend the conference to share their experiences, key technologies, as well as insights, said Nexon Korea.Launched in 2007, NDC started out as an in-house event for game developers but turned into an open conference in 2011. Since th
April 21, 2019
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[Herald Interview] Rethinking amputee status, prosthetics market in Korea
Why don’t we see amputees in professional fields of work in South Korea? Where do all the patients who have lost limbs in an accident, or to diabetes, disappear here? Kang Yeoun-seung, 52, a rehabilitation medicine and certified ortho-prostheticts doctor, has grappled with this issue for long.According to the Ministry of Welfare data, the number of people with physical disabilities in Korea was over 1.2 million as of December. Those with visual or hearing impairment, brain lesions or cardiac dis
April 21, 2019
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[Going Renewable (4)] Greenpeace calls on Hyundai Motor to hasten shift to carbon-neutrality
The Korea Herald is publishing a series of articles on the quest of South Korea’s government and businesses to switch to renewable energy. -- Ed.South Korea’s largest automaker Hyundai Motor should speed up its efforts in changing its business portfolio toward carbon-neutral in order to avert a major blow in the global market within a year or two, according to Greenpeace deputy director Jude Lee.Globally, countries are setting stricter climate targets in response to growing environmental concern
April 21, 2019
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[Issues in IP] Global tech firms face-off over foldable mobile displays
The Korea Herald is publishing a series of articles to review South Korea’s position in industry-specific intellectual property rights, in the light of mounting challenges. This is the second installment. -- Ed.The seven-year patent dispute between smartphone giants Samsung Electronics and Apple has thrown the spotlight on intellectual property rights -- the big elephant in the room that will likely determine the fate of market front-runners.The next big buzzword now is “foldable smartphones,” k
April 21, 2019
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Gov't corrects data on fine dust emissions by LG Chem
The government said Friday that it wrongfully calculated data on fine dust emissions by LG Chem Ltd., days after it unveiled the outcome of its probe into chemical firms' alleged manipulation of pollutant emissions.LG Chem and five chemical firms are alleged to have colluded with four measurement agencies to rig data on emissions of air pollutants over the past four years, the environment ministry and a local environment agency said Wednesday.In particular, it said LG Chem manipulated records on
April 19, 2019
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FTC to review game firms’ consumer regulations
South Korea’s antitrust regulator said Friday it will carry out an extensive review of the consumer regulations of game firms. The Fair Trade Commission has contacted 10 game companies here, including Nexon NCSoft, Blizzard and Riot Games, for their opinion.Both computer and mobile games’ clauses are subject to a review. Part of the sweeping reviews include, but are not limited to, clauses regarding underage users’ in-game purchases. (Pixabay)“Some news reports suggest that it may become easier
April 19, 2019
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Korea raises renewable energy target to 30-35 percent by 2040
South Korea plans to increase the proportion of energy generated from renewable sources to as much as 35 percent of the total by 2040 in response to growing environmental concerns, the government said Friday. The Ministry of Trade, Industry and Energy announced key points in the nation’s third energy master plan, to be implemented from 2019 to 2040. An energy master plan is the nation’s top-level power plan, established every five years to set forth a vision for its energy policies and strategie
April 19, 2019
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Medytox to launch cosmetics brand in 2020
The South Korean botulinum toxin company Medytox will launch a cosmetics brand and enter the market in 2020, the company said Friday.Medytox said Friday that its subsidiary Medytox Korea had acquired a 58.3 percent stake in cosmetics distributor Highwayone, which holds sales rights in Korea and throughout Asia for some 100 foreign brands, including the Polish label Ziaja and the German label Kneipp. (Lim Jeong-yeo/The Korea Herald)The acquisition gives Medytox a distribution channel for cosmeti
April 19, 2019
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Orion’s Choco pie sales in Vietnam surpass Korea for the first time
Some 600 million Choco pies were sold in Vietnam last year, with sales reaching 92 billion won ($80.9 million), the highest recorded in Vietnam so far, Korean confectionary firm Orion said Wednesday.According to Orion, Choco pie sales in Vietnam surpassed sales in Korea last year at 83 billion won. It is the second country to have done so, with the first being China. Choco pie, chocolate-covered biscuits with marshmallow filling, was first introduced to Korean consumers in 1974. Its popularity g
April 18, 2019
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TAITRA chairperson praises Korea’s 5G prowess, promotes Computex 2019
South Korea serves as the backbone of world’s 5G advancement, praised Taiwan External Trade Development Council (TAITRA)’s chairperson James. C. F. Huang, Thursday, at Lotte Hotel in Jung-gu, Seoul.“Korea is the first in the world to succeed in the commercialization of the 5G network services. The country is the backbone of the 5G era,” Huang said. “I look forward to Korea and Taiwan’s collaboration in the areas of 5G, AI and IoT.”TAITRA chairperson James C. F. Huang (Lim Jeong-yeo/The Korea Her
April 18, 2019
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Fine dust dampens sales of resorts, boosts laundry services
With people becoming more aware of health and weather conditions, weather reports such as concerning the levels of fine dust have also become influential in consumer choices in South Korea, a report showed Wednesday.Resorts and amusement parks, for instance, saw sales figures slip 30 percent or more on days with weather forecasts of fine dust, according to a report from Hana Institute of Finance. The report found a significant correlation between daily credit card sales per industry sector and t
April 17, 2019
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How big firms placate local resident protests
INCHEON -- Cherry blossoms were in full bloom and songs to usher in spring resonated along a tree-lined pathway on the grounds of SK Incheon Petrochem, in stark contrast to the industrious gray structures in the background. Couples pushing strollers and bigger family clusters strolled leisurely, snapping pictures and gazing at trees, enjoying the six-day flower festival at the firm’s headquarters last week. Behind that peaceful scene were the company’s desperate efforts to get along with its nei
April 17, 2019
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GS chairman urges open learning attitude
GS Group Chairman Huh Chang-soo shared advice and new business strategies at an executive meeting Wednesday. Amid growing use of artificial intelligence, big data and shared economy, as well as the recent turbulence in South Korea’s corporate world, Huh took on a cautionary stance by encouraging his executives to remember the fundamentals and respond to changes with agility and flexibility.Huh Chang-soo, chairman of GS Group. (GS Group)“There are many cases where companies that were once leading
April 17, 2019
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Koo Bon-hwan begins term as new Incheon airport president
Koo Bon-hwan has begun his term as president of Incheon International Airport Corp., the airport operator said Wednesday.Koo, who served at the Transport Ministry for 28 years, said he will push to improve the airport’s infrastructure to accommodate some 100 million passengers annually by 2023. “Along with a paradigm shift in the airport business in recent years, the focus of the airport business has transformed from simply dealing with passengers and shipping to encompassing hotel and resort de
April 17, 2019
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Disney offered controlling stake of Nexon: report
The controlling stake in South Korea’s biggest game company Nexon may end up in the hands of Walt Disney Co., a report suggested Wednesday. The anticipated price for the stake to go on sale is 15 trillion won ($13.2 billion), with premiums for business management rights on top of the Nexon Japan share price, which closed up slightly at 1,681 yen ($15) Tuesday, but slid to 1,558 yen as of 1:30 p.m. Wednesday.The Korean daily JoongAng Ilbo quoted the international banking industry as saying that N
April 17, 2019
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CJ ENM again denies Dexter Studios acquisition rumor
Seoul-based media giant CJ ENM reiterated April 17 that it is not taking an acquisition of Dexter Studios into consideration, months after a previous denial in January. “(CJ ENM) is not pursuing an acquisition of Dexter Studios,” CJ ENM said in a regulatory filing April 17. “But (CJ ENM) is taking many options, from financial investment to strategic partnership, into account to strengthen contents production capacity (with Dexter Studios) for TV series and films.”Dexter Studios also said in a fi
April 17, 2019
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Downloads begin in Korea for Nexon’s high-end mobile RPG ‘Traha’
Downloads for Nexon’s new high-end mobile game, “Traha,” began Wednesday on Google Play and the App Store.Gamers can officially start playing Thursday, but Nexon decided to allow app downloads a day earlier to cut down on rush traffic.“Traha,” serviced by Nexon and developed by Moai Games, is welcomed with much anticipation by industry watchers, who expect it to become a hit with an in-game domain 16 times the area of the Seoul financial district of Yeouido, and with graphics “unrivaled” in clar
April 17, 2019
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[Herald Interview] ‘Moon will do more for foreign investors’
Foreign firms in South Korea have often complained of being kept out of the loop when it comes to policy, including under the Moon administration, but recently the government has been moving to bridge the gap.A prime example was on March 28, when President Moon Jae-in held a meeting with leaders of foreign investors and related organizations at Cheong Wa Dae for the first time. Sixty-five representatives of foreign companies and organizations, including the chambers of commerce of US and Europea
April 16, 2019
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Ex-Kumho chief bids adieu to Asiana Airlines
Former Kumho Asiana Chairman Park Sam-koo on Tuesday sent out a letter to the staff of Asiana Airlines apologizing for having to let go of the air carrier that was his “everything,” a day after the board of directors decided to put it up for sale to tackle the group’s liquidity crisis.“It is with a shameful and embarrassing heart as a person that has been leading the group to have had to come to this decision that must have sent all of you into shock and confusion,” Park said in the letter poste
April 16, 2019