Most Popular
-
1
S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
-
2
Military aircraft evacuating S. Koreans in Lebanon returns home
-
3
Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
-
4
BTS-themed moon jar to be unveiled on Hangeul Day
-
5
Market uncertain on Korea's October rate cut despite slowed inflation
-
6
Special counsel bill to probe first lady scrapped
-
7
Korean bands get their day in the sun, finally
-
8
Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
-
9
Korea reports 8.5% rise in suicide rate
-
10
2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
-
Samsung expected to post weaker performance for Q4
Samsung Electronics Co. is expected to post a weaker performance for the fourth quarter compared with a year earlier, analysts said Monday, apparently due to the slowed growth of its chip business. Local analysts said the South Korean tech giant is forecast to report an operating profit of 13.9 trillion won ($12.3 billion) for the October-December period, down 7.6 percent from the 15.1 trillion won reached a year earlier. (Yonhap)Sales are estimated at 63.8 trillion won, down 3.2 percent over th
Dec. 24, 2018
-
‘Game changer’ in guardrail industry taps overseas roads
Local enterprise Caris Guardrail Co. has been drawing global attention for its recent development of safe, eco-friendly guardrails, which have passed various tests for commercialization in both South Korea and the US.It began as a venture startup founded by Yu Cheol in May 2016. Its PVC (polyvinyl chloride)-based guardrails received venture business certification and green certification, and passed the domestic vehicle collision test and the US vehicle collision test in June 2018.The company sai
Dec. 23, 2018
-
Korean AI speaker supply to hit 8 mln units in 2019: report
The supply of artificial intelligence speakers in South Korea is expected to reach the 8-million unit mark in the new year as the devices gain popularity, a report by a local digital media lab said Sunday.According to the findings by KT Group affiliate Nasmedia Co., some 40 percent of the country's 20 million households will likely have an AI speaker in 2019. The numbers represent a sharp increase from just 1 million units supplied in 2017 and around 3 million that have reached the market this y
Dec. 23, 2018
-
Samsung expands partnerships with global contents providers to promote HDR10+
Samsung Electronics Co. said Sunday that it is actively expanding partnerships with global contents providers to promote the growth of its high dynamic range 10+ technology.The world's leading producer of high-end TVs said U.S. and European content providers have started providing services using HDR10+. (Yonhap)The latest HDR technology allows screens to deliver vivid and wide depth of field images combined with the best possible brightness and color renditions, depending on the content being w
Dec. 23, 2018
-
Prosecutors speed up probe into alleged fraud of Samsung Biologics
South Korean prosecutors will speed up their probe into the alleged accounting fraud of Samsung Biologics, focusing on securing evidence as to whether Samsung’s now-defunct control tower was involved. Investigators plan to summon former and incumbent employees of the biotechnology firm within the week, according to sources Sunday. The prosecution raided the main office of Samsung BioLogics in Songdo, Incheon, over the allegation that the company had illegally inflated the company’s value. Separa
Dec. 23, 2018
-
Cost of solar power generation to drop to below 100 won by 2023
The average total costs of generating solar energy in South Korea will go down below 100 won ($0.1) per 1 kilowatt hour five years later, a parliamentary report said Sunday.According to the report, the levelized cost of energy of solar power will decline to below 100 won per 1 kWh in 2023 and 84 won in 2030. (Yonhap)LCOE refers to an average total cost to build and operate a power generator over its lifetime.It was 1,144 won per 1 kWh in 2005 and dropped to 171 won in 2014. In 2018, the LCOE of
Dec. 23, 2018
-
P&G Korea expands CSR for environmental sustainability
The South Korean unit of Proctor and Gamble, a household and personal care goods company, has expanded its corporate social responsibility programs for environmental sustainability, the company said Sunday.The company has worked to reduce the use of plastic in its products. For instance, its toothbrush brand Oral-B has been promoting recycling. To raise environmental awareness, it held classes on oral care and a sustainable future for 15,353 students at 60 elementary schools from January to Augu
Dec. 23, 2018
-
Galaxy, QLED, Shin Ramyun top South Korean brands for 2019: poll
Galaxy smartphones, quantum dot light-emitting diode TVs made by Samsung Electronics Co. and Shin Ramyun produced by Nongshim Co. were recognized as South Korea's top brands in 2019, a local poll showed Sunday.According to a survey carried out on 30,000 people nationwide in November by Brandstock Corp., Samsung's Galaxy name ranked No. 1, getting 95.15 points out of a possible 100. (Yonhap)The premium QLED TVs made by the tech giant came in second with 94.95 points trailed by the spicy instant n
Dec. 23, 2018
-
Small-medium biz corporation to open innovation center in Seattle
South Korea's Small and Medium Business Corp. said Sunday that it will open a global innovation growth center in Seattle to better help promising companies make inroads in the world's largest market.The public organization said the goal is to actively help growth of local unicorn startup companies that currently have valuations of 1 trillion won ($889.3 million) or more. Unicorn companies refer to very rare successful startups that have made a splash in their respective fields, such as Uber and
Dec. 23, 2018
-
KCCI chief calls for closer ties with Moroccan businesses
Korea Chamber of Commerce and Industry Chairman Park Yong-maan (Yonhap)The head of the Korea Chamber of Commerce and Industry urged businesses to strengthen ties with Moroccan firms, highlighting the country’s push for industrial development.“Morocco, which has signed free trade agreements with about 50 countries, holds geopolitical advantage for business expansion,” said Park Yong-maan, chairman of the KCCI, the nation’s largest group representing Korean businesses.“I wish for broader cooperati
Dec. 21, 2018
-
Market share of HNB e-cigarette hits 11 percent in Nov.
Heat-not-burn e-cigarettes accounted for 11.3 percent of all cigarettes sold in November, ministry data showed Friday.According to the Ministry of Economy and Finance, 288 million packs of cigarettes were sold here in November, a 1 percent on-year increase. Some 35 million packs of those were cigarettes used for HNB e-cigarette devices. Since the launch of the first HNB e-cigarette Iqos from Philip Morris International in May last year, interest in such devices has grown, sparking a steep increa
Dec. 21, 2018
-
Cigarette sales up 1% in November
Sales of cigarettes in South Korea rose 1 percent in November from a year earlier, data showed Friday, amid an anti-smoking campaign and higher prices. (Yonhap)South Korean smokers purchased 288 million 20-cigarette packs in November, compared with 285.1 million in the same period of last year, according to data compiled by the Ministry of Economy and Finance.The figure represented a 20.5 percent drop from November 2014, just months before South Korea increased the price of cigarettes by 80 perc
Dec. 21, 2018
-
Samsung to produce 7nm chips for IBM's CPU
US information technology giant IBM Corp. said Friday that South Korean chipmaker Samsung Electronics Co. will manufacture 7-nanometer microprocessors for its CPUs.According to IBM, Samsung will manufacture 7nm Power processors for IBM Power Systems, IBM Z and IBM LinuxONE high-performance computing systems and cloud offerings. (Yonhap)The deal is expected to help Samsung, which has Qualcomm Inc. as one of its clients, to beef up its foundry business utilizing extreme ultraviolet process techno
Dec. 21, 2018
-
Korea must step up enforcement of laws against foreign bribery: OECD
South Korea must increase its efforts to enforce laws against bribery of foreign public officials, as enforcement is weak in view of the size of the nation’s economy and its export-oriented nature, said a report released Thursday by the Organization for Economic Cooperation and Development.“The decrease in foreign bribery enforcement (in Korea) since 2011 is a cause for concern, especially in view of the size of the Korean economy, its export-oriented nature, and the geographical and industrial
Dec. 20, 2018
-
Daewoong Pharmaceutical to export Nabota to New Zealand, Israel, Ukraine
South Korean drugmaker Daewoong Pharmaceutical Co. said Thursday it has signed deals to sell its type A botulinum toxin drug in New Zealand, Israel and Ukraine.The product, called Nabota, will be available in the three countries as early as 2020 in accordance with the three separate contracts, whose combined value amounts to $12 million, the company said.This photo, provided by South Korean drugmaker Daewoong Pharmaceutical Co., on Dec. 20, 2018, shows its BTX product, Nabota. (Yonhap)Douglas Ph
Dec. 20, 2018
-
CJ CheilJedang celebrates 30 years in Indonesia
CJ CheilJedang, a food manufacturing unit of CJ Group, celebrated its 30th anniversary since opening business in Indonesia, seeking to emerge as a world-leading bio firm. “Based on our business operation in Indonesia, CJ CheilJedang could develop as a global bio firm, thanks to hardworking employees at the Parusuan production line. The past 30 years will be a motivation for the next 30 years,” said CJ CheilJedang CEO Shin Hyun-jae, who participated in a ceremony in Parusuan, Indonesia, Thursday.
Dec. 20, 2018
-
[Eye Plus] Seoul greets Christmas
With Christmas just around the corner, the streets and buildings of South Korea’s capital are ready to embrace the holiday spirit with Christmas trees and twinkling lights.(Park Hyun-koo/The Korea Herald) (Park Hyun-koo/The Korea Herald) (Park Hyun-koo/The Korea Herald)The Seoul Metropolitan Government is holding the 2018 Seoul Christmas Festival until Jan. 1 at Cheonggyecheon, featuring different colored light-emitting decorations along the 1.2-kilometer walkway by the stream at night. Meanwhil
Dec. 20, 2018
-
Incheon Airport to invest W4.2tr in expansion, upgrades by 2023
Incheon International Airport Corp. said Thursday it will invest 4.2 trillion won ($3.7 billion) to build a fourth runway and expand facilities by 2023. The airport began operations in 2001 and opened its second terminal in January to meet rapid air passenger growth. It currently handles 72 million travelers a year, a number that is expected to grow to 95 million by 2023, the transport ministry said in a statement. (Yonhap)The state-controlled airport operator will inject the money to add a fou
Dec. 20, 2018
-
Daewoo E&C continues to expand CSR activities
Daewoo Engineering & Construction Co., a major South Korean builder, has been expanding its corporate social responsibility programs for people with disabilities and other disadvantages ever since 2012.The company has operated CSR programs since 2007, initially involving only volunteer groups within its staff. But six years ago, it expanded its CSR activities to involve all employees in every one of its departments and business units. Daewoo E&C workers and their families paint murals in Seoul a
Dec. 19, 2018
-
[Monitor] Korea gears up for expansion of eco-friendly vehicles
South Korea aims to have 430,000 electric cars and 65,000 hydrogen-fueled cars on local roads by 2022, according to the Ministry of Trade, Industry and Energy on Tuesday.This is a big jump from previous targets, which were 350,000 electric cars and 15,000 hydrogen-fueled cars in four years. For the same period, the ministry also raised the target for exports of electric cars sevenfold to 250,000 and hydrogen-fueled cars by seventeen times to 5,000. With these adjusted targets, the government sai
Dec. 19, 2018