Most Popular
-
1
Slew of top K-pop stars ready to return from military
-
2
S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
-
3
Military aircraft evacuating S. Koreans in Lebanon returns home
-
4
Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
-
5
BTS-themed moon jar to be unveiled on Hangeul Day
-
6
Samsung unveils 'personalized AI' for all devices
-
7
1,430 minors investigated for drug offenses from 2018 to 2023: police
-
8
Market uncertain on Korea's October rate cut despite slowed inflation
-
9
Special counsel bill to probe first lady scrapped
-
10
Korean bands get their day in the sun, finally
-
Hyundai Oilbank to support gasoline quality inspections
South Korean refiner Hyundai Oilbank said Monday that it would expand its support for gasoline quality assessments at gas stations during the winter season. A promotional image for the “Mobile Lab” service (Hyundai Oilbank)With a new service called the Mobile Lab, introduced by Hyundai Oilbank in May, mobile gas inspectors carry nine kinds of cutting-edge equipment in a 1-ton truck, visiting gas stations and assessing samples. Station owners are notified of the results within 30 minutes of an in
Oct. 29, 2018
-
OB joins beer yoga trend
Riding on the growing popularity of “beer yoga,” South Korea’s largest beer maker by revenue Oriental Brewery said it recently hosted a beer yoga class in Itaewon, central Seoul.Beer yoga refers to a form of fitness originating from Berlin that has been trending since the mid-2010s. The class allows participants to do yoga while drinking beer, citing it can help reach the highest level of consciousness by pairing philosophy with pleasure. A poster for a beer yoga event by OB (OB)The event organi
Oct. 29, 2018
-
Allergan to begin phase 3 trials of Medytox’s ‘Innotox’ in US, Canada this week
Allergan will formally begin phase 3 clinical trials of Medytox’s Type A liquid-type botulinum toxin this week, as recruitment for the clinical study is slated to start Wednesday, according to data shown on ClinicalTrials.gov.Allergan recently posted its clinical trial agenda for MT10109L on ClinicalTrials.gov. The third-phase clinical study aims to evaluate the safety and efficacy of the drug for the treatment of moderate to severe glabellar and lateral canthal lines, the firm said, referring t
Oct. 29, 2018
-
Woongjin Group buys back Coway for rental business expansion
Woongjin Group, a midsized South Korean conglomerate, will take back the country’s biggest small home appliance maker, Coway, after selling it off in 2013, the group announced Monday. In its regulatory filing, Woongjin said a consortium comprising Woongjin Thinkbig Co. and STIC Investment Inc. will purchase a 22.17 percent stake in Coway Holding for 1.68 trillion won ($1.48 billion) in a bid to diversify the group’s business portfolio. “I believe the rental business has great growth potential,”
Oct. 29, 2018
-
NCSoft strengthens IP portfolio with strategic investment in comic platforms
South Korean video game company NCSoft is moving to strengthen its intellectual property portfolio by investing in and striking strategic partnerships with global webtoon and web novel platforms.NCSoft has struck investment relations or strategic partnerships with a number of webtoon and web novel production studios and distribution portals over the few years, with aims to promote and strengthen its game content IP. NCSoft`s headquarters in Pangyo, Gyeonggi Province (NCSoft)The Korean game giant
Oct. 29, 2018
-
Number of foreign executives in Korean companies declining
Foreign executives working for South Korean companies make up just 1.4 percent of senior management -- a decline from three years ago, as their biggest employer, Samsung, has cut back on such hirings -- data showed Monday. An analysis by market researcher Korea CXO Institute counted only 94 foreigners out of 6,843 executives. This is a decrease from 101 in 2015, or a drop of 1.5 percent. The number of companies that have non-Koreans as senior managers increased from 18 to 20 during the period. (
Oct. 29, 2018
-
[Newsmaker] Supreme Court reaffirms prison term for ex-Hanjin Shipping chairwoman for insider trading
The Supreme Court on Monday finalized an 18-month prison term for a former head of the now-defunct Hanjin Shipping Co. for selling off her family's stake in the firm using insider information. Choi Eun-young, 56, was convicted in December last year of unloading the stakes held by her and her two daughters after she learned that Hanjin's creditors decided against the additional liquidity support. She avoided about 1 billion won ($875,270) of possible losses. (Yonhap)She was imprisoned following t
Oct. 29, 2018
-
Despite hurdles, preparations needed for NK resources development: experts
Despite uncertainties stemming from UN sanctions against the North, preparations should still be made for resources development in North Korea, such as setting up an inter-Korean cooperative body, personnel exchanges and joint research, South Korean mineral experts have said.Speaking at a forum last week, they said approaches to North Korea for co-development should focus on persuading the North of its benefits.Since the inter-Korean summit last month, expectations are high in the South that, as
Oct. 28, 2018
-
Samsung scion Lee to leave for Vietnam this week
Samsung Electronics Vice Chairman Lee Jae-yong will head to Vietnam this week on a business trip aimed at checking Samsung's key smartphone production lines amid a decline in its global market share, industry sources said Sunday. Lee is scheduled to leave on Tuesday and stop at Hanoi and Ho Chi Minh city, sources familiar with the matter said. The purpose of the trip is to check factories in Vietnam and meet with government and industry officials there, according to the sources. Samsung Ele
Oct. 28, 2018
-
GS E&C reports record-high Q3 performance
South Korean builder GS Engineering and Construction reported a record-breaking quarterly performance in the third quarter, according to the firm. The company said it had recorded 9.7 trillion won ($8.4 billion) in sales, 843 billion won in operating profit and 657 billion won in pretax profit between July and September.Those figures are the highest in the history of the company, according to GS E&C.The company said its sales had increased 16.3 percent year-on-year, while its operating profit ha
Oct. 28, 2018
-
Homeplus runs market to help female entrepreneurs
South Korean supermarket chain Homeplus said it was running a pop-up market for three months to help female entrepreneurs promote their products. The market, called Women’s Good Market, operates at Homeplus’ Yeongtong outlet in Suwon, Gyeonggi Province, in a joint partnership with Gyeonggi Province’s Gyeonggido Job Foundation. Participating companies are selling their products at the Yeongtong outlet, rent-free and commission-free, for three months until Dec. 31, according to Homeplus. The Women
Oct. 28, 2018
-
Which Asian country has the most hydropower capacity?
NEW DELHI -- According to the recent Hydropower Status Report, East Asia and the Pacific has the highest annual increase in hydropower capacity with China contributing the largest share of installed capacity. Over 90 per cent of the capacity added in 2017 in the region came from China, which increased its total installed capacity to 341,190 MW.Japan is second in the region with an installed capacity of 49,905 MW. It is followed closely by India with an installed capacity of 49,382 MW. In India,
Oct. 28, 2018
-
Arrival duty-free shop to open in May 2019
Incheon International Airport Corp. said Sunday it started detailed research on the country's first arrival duty-free shop, which will tentatively open in May. The move came as the government decided in September to allow duty-free shops at arrival terminals in a bid to reduce discomfort experienced by tourists and boost domestic consumption. Incheon International Airport duty free shops (Yonhap)Incheon International Airport said it will complete its studies on selecting the most optimal locatio
Oct. 28, 2018
-
Coupang to launch eco-friendly logistics service
E-commerce company Coupang said it will launch a special delivery service, starting with a new environmentally friendly delivery center in Daegu in November. Coupang Logistics Service, a Coupang subsidiary that recently received authorization from the Ministry of Land, Infrastructure and Transport to operate as a delivery service provider, will open the country’s first logistics and delivery center with charging stations for electric cargo trucks. After opening its initial branch in Daegu, Coupa
Oct. 26, 2018
-
KITA hosts networking event for German, Korean companies
The Korea International Trade Association and the Korean German Chamber of Commerce and Industry co-hosted a networking day in Seoul on Thursday to match German companies with Korean startups, according to KITA on Friday. Representatives of German and Korean companies listen to a presentation at a networking event co-hosted by the Korea International Trade Association and the Korean German Chamber of Commerce and Industry on Thursday in Seoul. (KITA)The event was attended by German companies inc
Oct. 26, 2018
-
Plastic cup ban a headache for coffee shop workers: poll
A recent survey showed that part-time servers at coffee shops are experiencing worsened working conditions since the imposition of a ban on plastic cups for in-store customers.Job portal Albamon said Friday that according to its survey, 87.2 percent of the part-time servers who responded answered that their work had become more difficult since the ban.(Yonhap)When asked why, 53.6 percent of respondents said they had more work, including washing mugs and glasses.In addition, 33.6 percent said man
Oct. 26, 2018
-
Kolon, BASF launch joint venture for polyoxymethylene production
Kolon Plastics, an affiliate of South Korea’s Kolon Group, launched Kolon BASF innoPOM, a joint venture with German chemicals firm BASF, to make polyoxymethylene (POM) a plastic used in car parts, the company said Thursday. Backed by the world’s biggest POM production capacity and growing demand in the auto industry, the joint venture is expected to bolster Kolon’s annual revenue by 80 billion won ($70.2 million).Located in Gimcheon, North Gyeongsang Province, Kolon and BASF each invested 30 bil
Oct. 25, 2018
-
Posco to support 5,500 job seekers over 5 years
South Korea’s leading steelmaker, Posco, will support 5,500 job seekers over the next five years by offering job training as part of its vision for mutual growth with society, the company said Thursday. Its three education programs are an artificial intelligence and big-data academy for young adults, hands-on experience of working in the corporate world and an entrepreneur incubation school.To help participants focus on learning, Posco will cover accommodations and provide an allowance of betwee
Oct. 25, 2018
-
Cafe24 launches e-commerce platform in Japan
South Korean e-commerce platform Cafe24 said Thursday it has launched an information technology solutions and services platform for Japanese business operators. The company said it launched the one-stop e-commerce solutions platform to provide online store-building, a payment gateway, logistics and marketing services. The company said it expects Japanese businesses of all sizes, from one-person operations to large-scale corporations, to now sell their products to billions of global consumers thr
Oct. 25, 2018
-
Kakao labor union launches
South Korean internet services provider Kakao confirmed Thursday its employees have created an in-house labor union that aims to challenge the company’s current wage system.Kakao marked the fourth information technology company in Korea to see an organization to represent workers’ rights, following Naver, Nexon and Smilegate. Prior to the launch, the union was affiliated with the Korean Chemistry & Textile Federation of Unions. (Kakao)“We respect the launch of the labor union and their activitie
Oct. 25, 2018