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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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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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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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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Injured captain Son Heung-min dropped from nat'l team for World Cup qualifiers
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Nexon to start paying staff by the hour for overtime
South Korea’s biggest game company, Nexon, will scrap the practice of paying fixed overtime wages starting in August, the company announced Tuesday.Paying employees a fixed overtime wage is a widespread practice among game companies here, and has been blamed for causing game developers to work an excessive number of hours. “The most palpable difference is that we will now be paid for our overtime hours,” said Bae Soo-chan, the chief of Nexon’s labor union, called Starting Point. Negotiations bet
Feb. 26, 2019
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Despite controversy, Huawei pledges to further invest in 5G
BARCELONA, Spain -- Chinese tech giant Huawei on Tuesday pledged to increase its investment in businesses’ efforts to build the next generation of the wireless network, amid controversy over security risks involving the company. During a press conference at the Mobile World Congress 2019, Huawei said the company’s technology is mature enough to address concerns that Huawei equipment could be used for hacking and espionage for the Chinese government. “We have definitely more interest to support t
Feb. 26, 2019
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Huawei the central topic at MWC 2019
BARCELONA, Spain -- With debate swirling around Chinese tech giant Huawei and security concerns about the use of its equipment in other countries, the matter was also high on the agenda for global telecom companies this week at the world’s largest mobile gathering.Members of the body running the annual MWC events, the GSM Association or GSMA, had engaged in “heated debate” over the extent to which they should get involved in the controversy in the face of growing pressure, according to insiders.
Feb. 26, 2019
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Amorepacific’s painful dilemma
For Amorepacific, the last year has been painful in terms of both sales and brand development.The South Korean cosmetics giant saw its operating profit halve to 549 billion won ($491 million) in 2018, just two years after it joined the “1 trillion-won sales club” in 2016 for the first time as a cosmetics maker. With its glory falling to the past, Amorepacific has been outpaced by rival LG Household & Healthcare. LG Group’s cosmetics arm became the newest member of the 1 trillion-won sales club l
Feb. 26, 2019
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[Contribution] ‘Park Hang-seo magic’ links Vietnam and Korea
Football coach Park Hang-seo returned to South Korea over the Lunar New Year, the country’s biggest national holiday. Upon his arrival, he was greeted by a large crowd of Korean reporters at the airport, which attest to the popularity of Park and the Vietnamese national football team in Korea. The recent string of achievements of the Vietnamese football team at the international stage, such as the U-23 Asian Football Confederation, Asian Games, Suzuki Cup or the East Asian World Cup, and the Asi
Feb. 26, 2019
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Posco to invest W1tr in green facilities
Korean steelmaker Posco plans to invest 1.07 trillion won ($956 million) in building environment-friendly facilities by 2021, with the aim of cutting air pollutants by 35 percent by 2022, in line with the government’s efforts to cut emissions of carbon dioxide. “We will close six aging units out of a total of 21 generating units by 2021 and invest 350 billion won to build new facilities with the latest technologies. The construction of new plants will start in December after undergoing environme
Feb. 26, 2019
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S. Korea to tighten food sanitation regulations
The South Korean government said Tuesday it will tighten regulations and standards for food manufacturing companies to ensure health safety. The Ministry of Food and Drug Safety said it planss to implement from July a one-strike-out policy involving its controversial application of hazard analysis and critical control points, or HACCP, when a certified company violates basic food safety principles. (Yonhap)HACCP is a preventative management system that verifies and manages risks in the entire
Feb. 26, 2019
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Celltrion's net profit shrinks 34.3% in 2018
Celltrion Inc., a South Korean biopharmaceutical firm, said Monday that its net profits shrank 34.3 percent in 2018, despite record-high sales, mainly due to increased costs.Net profits came to 253.6 billion won ($226.2 million) last year on a consolidated basis, compared with 403 billion won a year ago, the company said in a regulatory filing. Celltrion said its operating profits plunged 34.3 percent on-year to 338.7 billion won in 2018.The company said its sales, meanwhile, reached a reco
Feb. 25, 2019
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Shinsegae to launch integrated online shopping firm SSG.COM in March
Shinsegae Group, the operator of South Korea's biggest discount store chain Emart, said Monday that it will integrate its online shopping mall operations into SSG.COM from next month to boost sales. The retail conglomerate will launch SSG.COM, an integrated company of two online shopping stores -- the Shinsegae mall and the Emart mall -- on March 1, Shinsegae Group said in a statement. (Shinsegae Group)"The integration of online shopping operations is to effectively absorb a rapidly growing dem
Feb. 25, 2019
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Asiana wins rights to fly to Mongolia; Jeju, Eastar win routes to Singapore
Asiana Airline Inc. secured the right to fly additional routes on the highly sought after South Korea-Mongolia route, while Jeju Air Co. and Eastar Jet Co. were allocated flights to Singapore, the government said Monday.The Ministry of Land, Infrastructure and Transport said the decision was made by its airline traffic review committee, which distributed slots secured by Seoul in the past year to local carriers. (Asiana Airlines)The Mongolian route was contested by all carriers, with Asiana, the
Feb. 25, 2019
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Will GS chairman continue to lead FKI?
The Federation of Korean Industries, once the nation’s largest business lobby group, is reportedly having a hard time finding its next chairman. The organization, representing the business community, is set to hold a general assembly Wednesday to pick its new leader, but according to industry sources there is no candidate for the post. The FKI has been led by GS Group Chairman Huh Chang-soo for the past eight years. An FKI chairman is typically appointed for a two-year term, but he or she can ch
Feb. 25, 2019
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Experts from around the world call for standardization of advanced self-driving
Experts on self-driving cars from the US, the UK, Germany and Japan gathered in Seoul on Monday to urge for swift establishment of global standards for advanced self-driving cars in order for related technologies to further advance, according to the government here Monday.Lee Seung-woo, chief of the Korean Agency for Technology and Standards (MOTIE)An international conference on standardization of self-driving cars, hosted by the Korean Agency for Technology and Standards, was attended by around
Feb. 25, 2019
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SK Telecom and Comcast Spectacor forge esports joint venture
SK Telecom and Comcast Spectacor will create a joint esports venture to make a mark in the global market worth some 3 trillion won ($2.68 billion), the companies announced Sunday in Spain, a day ahead of the opening of the Mobile World Congress 2019.The new esports venture, T1 Entertainment & Sports will be based on SK Telecom’s “League of Legends” pro gaming team, SK Telecom T1, with the team to be rebranded as simply “T1.” SK Telecom President and CEO Park Jung-Ho (left) clasps hands with the
Feb. 25, 2019
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LG unveils dual-screen 5G smartphone
BARCELONA, Spain -- South Korea’s LG Electronics unveiled Sunday its newly developed 5G-powered smartphone with dual screens -- something similar to Samsung’s recently unveiled foldable phone but with a different user interface. During the Mobile World Congress 2019 in Barcelona, Spain, the country’s tech giant introduced the V50 ThinQ 5G with dual screen functionality. The feature allows users to watch two different screens installed on a single handset. The technology allows users to e
Feb. 25, 2019
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[Herald Interview] ‘Environmental, social responsibility indispensable for sustainable investing’
The strategy of incorporating environmental, social and governance-related considerations into investment portfolios has become crucial for financial institutions, not for philanthropic reasons but for the sake of risk management and higher returns in the long term, according to the head of sustainable investing at the asset management arm of Deutsche Bank.“For us, such strategy or ESG investing is an essential risk management tool, which helps us reduce possible drawdowns by measuring extra-fin
Feb. 24, 2019
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Posco measures life cycle of steel for eco-efficiency
Amid growing calls for sustainable and eco-friendly products, South Korean steel giant Posco has looked closely into ways of assessing the impact of steel manufacturing, maintenance and its end-of-life phase, the company said Sunday.From a general point of view, steel is far from eco-friendly. But when assessed in terms of life cycle, steel’s competitiveness and benefits to the environment are highlighted, the company said, citing a WorldSteel report. Life cycle of steel (Worldsteel)According to
Feb. 24, 2019
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5G is real: MWC 2019 set to present new world with new connectivity
BARCELONA, Spain -- With the commercial rollout of fifth-generation wireless networks just around the corner, companies around the world are set to showcase 5G-related technologies during the world’s largest mobile event this week. Handset and telecom firms have descended on Barcelona in Spain for the Mobile World Congress that kicks off Monday. Under the theme of “Intelligent Connectivity,” the four-day event features companies demonstrating how new technologies will change everyday lives. Ther
Feb. 24, 2019
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Traditional rice cake gets youthful makeover
At the outset, it looks like ordinary tteok. A bite into the Korean rice cake immediately brings a surprise, as where one might expect sweet red bean paste, you find a dizzyingly sweet filling of chocolate and almonds.It is just one of many variations that Good Rice Cake Corp., a fusion rice cake shop, offers in its selection of fusion rice cakes along with traditional ones.“Ang-beo tteok” and traditional tteok from Jung-ae-mat-dam (Kim Hye-soo / The Korea Herald)A market for rice cakes with inn
Feb. 24, 2019
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Fewer Koreans own home telephones, PCs: data
The numbers of South Koreans with landline telephones and desktop personal computers at home hit their lowest marks last year, pushed by the widespread use of mobile phones, laptops and tablet PCs instead, data showed Sunday.123rfAccording to a survey of 9,332 South Koreans from 4,116 households by the Information Society Development Institute last year, 51.9 percent answered they have a landline phone at home. It was the lowest figure since the institute began collecting data in 2011. The numbe
Feb. 24, 2019
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GS Group chairman urges new executives to break mold
At a GS Group dinner banquet held at Elysian Resort Jeju on Friday, Chairman Huh Chang-soo gave a speech to newly appointed executives, sharing his know-how and advising them to set high goals and take bold actions. In front of new executives of GS Group, Huh addressed the volatile economic environment of this year, citing the ongoing US-China trade war and Brexit as well as continuing instability in the domestic economy. To combat the uncertainty ahead, Huh advised the executives to be innovati
Feb. 24, 2019