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
Market uncertain on Korea's October rate cut despite slowed inflation
-
8
1,430 minors investigated for drug offenses from 2018 to 2023: police
-
9
Special counsel bill to probe first lady scrapped
-
10
Korean bands get their day in the sun, finally
-
GS Retail unveils 'smart convenience store'
GS Retail Co., a major South Korean retailer, said it opened a "smart convenience store" using a face recognition system and other technologies Monday amid local retail firms' race to automation.The company launched its convenience store chain GS25 outlet at the headquarters of LG CNS, the information technology arm of LG Group, in Seoul as a test bed for new retail technologies, it said. (Yonhap)Some of the key technologies used at the outlet include a face recognition system for payments and f
Sept. 17, 2018
-
[Newsmaker] Three chaebol chiefs join Moon’s Pyongyang trip
Chiefs of South Korea’s three biggest conglomerates -- Samsung, SK and LG, in order -- will join President Moon Jae-in’s visit to Pyongyang on Tuesday as part of the 52-member presidential business delegation for the third inter-Korean talks this year, Cheong Wa Dae confirmed Sunday. According to the announcement, the list of business delegates includes Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won and LG Group Chairman Koo Kwang-mo, all of whom hold absolute aut
Sept. 16, 2018
-
[News Focus] With freer rein, Hyundai Motor heir expected to seek radical changes
Chung Eui-sun, now officially the second in command at South Korea’s biggest automaker and second-largest conglomerate, will be able to wield greater power across 55 affiliates, operating in business areas ranging from steelmaking and construction to finance, industry sources said Sunday.The 48-year-old heir apparent will assist his 80-year-old father in his newly created post, a notch higher than the six existing vice chairmen in charge of the group’s automaking, steelmaking and finance units.
Sept. 16, 2018
-
Some big biz still asking SMEs to provide know-how ahead of contracts: report
Some South Korean big businesses are still asking smaller partners wanting to secure deals to submit technical know-how before the signing of a contract, a report by a local trade federation said Sunday.According to the Korea Federation of Small and Medium Business that conducted a poll on 501 small and medium enterprises in July and August, 17 firms said they were asked to submit their technologies. The report was to check the extent of technology theft within the business community.It said tho
Sept. 16, 2018
-
Samsung, Hyundai, SK, LG leaders to join President Moon's Pyongyang visit
South Korean President Moon Jae-in will visit Pyongyang this week, along with several conglomerate leaders, his office announced Sunday.Cheong Wa Dae said Moon's entourage will be composed of 52 government officials, politicians, business leaders and selected representatives from various other fields. (Yonhap)They include Lee Jae-Yong, vice chairman of Samsung Group; SK Group Chairman Chey Tae-won; Kim Yong-hwan, vice president of Hyundai Motor Group; and LG Group Chairman Koo Kwang-mo.Also on t
Sept. 16, 2018
-
9 Japanese firms fined over price collusion
South Korea's corporate watchdog said Sunday that it has decided to slap a total of 36 billion won ($32 million) in fines on nine Japanese firms for allegedly colluding to maintain or raise prices of capacitors, a key electrical component used in smartphones and many other electric devices.According to the Fair Trade Commission, Tokin Corp. and eight other Japanese firms have colluded to rig prices of capacitors sold in South Korea and other nations, between July 2000 and January 2014. (Yonhap)T
Sept. 16, 2018
-
20 Samsung Group affiliates moving to hire new workers in H2
Samsung Group's many affiliates are moving to hire a large number of new workers in the second half, amid a sharp drop in employment numbers in recent months, industry sources said Sunday.Data by Incruit Corp., an online jobs portal, and corporate insiders said 20 Samsung companies, including flagships like Samsung Electronics, Samsung Display, Samsung SDI, Samsung Electro-Mechanics, Samsung SDS, Samsung Life Insurance and Samsung BioLogics, are planning to hire new employees in the coming month
Sept. 16, 2018
-
Remaining 119 sacked workers to return to SsangYong Motors
The labor and management of SsangYong Motors agreed to reinstate 119 dismissed workers by the first half of next year, ending the prolonged dispute over the firm’s mass dismissal of them, according to the company on Friday. “We agreed to reinstate the laid-off workers in order to solve social problems and for the company to take off,” said the statement jointly released by the company’s union and management. SsangYong Motors’ union holds a placard that reads, “Thank you” for the reinstatement o
Sept. 14, 2018
-
Samsung, Google partner for messaging service
Samsung Electronics is partnering with Google to unveil a next-generation messaging service based on rich communication services for smartphone users, according to sources on Friday. Rich communication services are the international standard for integrated messengers developed by the GSM Association, which represents the interests of mobile network operators worldwide. (Yonhap)Using the new service, users can send messages, high-resolution photos and videos through the text messaging function o
Sept. 14, 2018
-
Second round of Ausbildung to kick off with BMW, Benz, Daimler
The Korean-German Chamber of Commerce and Industry welcomed 117 new trainees for the Ausbildung program this year with participating German automotive companies, BMW Group Korea, Daimler Trucks Korea, MAN Truck & Bus Korea and Mercedes-Benz Korea. Ausbildung is a German dual vocational training program comprising 70 percent of job training in the actual field and 30 percent of corresponding theoretical instruction provided by a university.The program was introduced in Korea in September 2017 wit
Sept. 14, 2018
-
Hanwha Total CEO appointed as new Hanwha Q Cells chief
Hanwha appointed the CEO of Hanwha Total Petrochemicals as the new chief of Hanwha Q Cells, the photovoltaic solar cell manufacturing arm of Hanwha Group, according to the group on Friday. The new president of Hanwha Q Cells, Kim Hee-cheul, replaced former chief Nam Sung-woo, who resigned due to health reasons. Kim Hee-cheul, new CEO of Hanwha Q CellsKim, who is a global strategist within the group, had served as CEO of Hanwha Total Petrochemicals since the acquisition of Samsung Petrochemical.
Sept. 14, 2018
-
Hyundai unveils rendered image of hydrogen truck
Hyundai Motor unveiled Friday a rendered image of its upcoming hydrogen-powered truck slated to be launched next year. The Korean automaker said it would announce more details, including data, development status and sales plans of its next-generation hydrogen trucks, at the upcoming IAA Commercial Vehicles 2018, which kicks off Wednesday in Hannover, Germany. The name of the vehicle and the actual vehicle will be unveiled in time for the launch next year. A rendered image of Hyundai Motor’s hydr
Sept. 14, 2018
-
Naver opens third Partner Square for small businesses
GWANGJU, South Jeolla Province -- Naver, South Korea’s dominant internet portal, has opened its third Naver Partner Square venue for small businesses and creators in Gwangju, South Jeolla Province, with the aim of making it the center of the region’s lifestyle and food businesses, the company said Thursday.Naver Partner Square was first established in southern Seoul in May 2013 as a place for entrepreneurs operating on Naver to receive education on online commerce in such areas as search adverti
Sept. 13, 2018
-
Korea’s exports to reach $600 billion this year: KOTRA chief
Korea’s exports will reach a record high of $600 billion this year, driven by favorable market conditions of global tech companies and the rise of oil prices, said the chief of the state-funded trade and investment promotion organization on Thursday.Korea’s exports in the period from January to August stood at $399.8 billion, a rise of 6.6 percent from the same period last year, according to the Korea Trade-Investment Promotion Agency. The nation’s exports reached $574 billion last year. “Althou
Sept. 13, 2018
-
Cheong Wa Dae invites chaebol chiefs to inter-Korean summit
Cheong Wa Dae has invited business representatives including chaebol scions leading South Korea’s four-biggest conglomerates -- Samsung, Hyundai Motor, LG and SK -- to accompany President Moon Jae-in on his trip to Pyongyang next week, officials said Thursday without mentioning names.According to news reports, Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Group Vice Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo and SK Group Chairman Chey Tae-won were invited. But the fin
Sept. 13, 2018
-
Paradise City opens more entertainment facilities
INCHEON -- Integrated resort complex Paradise City has opened the rest of its art and entertainment facilities, following the opening of its hotel, casino and convention facilities in April last year. Paradise Sega Sammy President Park Pyung-yong speaks during a press briefing on Thursday. (Paradise City)The newly opened facilities include Plaza, the shopping arcade; Cimer, a spa facility; Chroma, a night club; Art Paradiso, a suite-room only boutique hotel; and Paradise Art Space, an art exhibi
Sept. 13, 2018
-
[Eye Plus] The cubic building
In the middle of bustling downtown Seoul, there is a building that strikes a bright, open figure, quickly making it one of the youngest landmarks of the capital and the “it” place to visit.It’s South Korean cosmetics company Amorepacific’s headquarters, which occupies a site in Yongsan. The building was designed by David Chipperfield, who described the structure as “abstract and gestural.” According to Chipperfield, he was inspired by the refined beauty of a white porcelain moon-shaped pot that
Sept. 13, 2018
-
[Herald Interview] Seoul Bio Hub leads Korea’s biotech cluster efforts
Hongneung is a quaint neighborhood in northeastern Seoul, situated near several universities and research institutes. In this area stands an organization working toward an ambitious national goal that goes beyond academia — pioneering a successful biotechnology cluster in South Korea.Meet Seoul Bio Hub, established by the Seoul Metropolitan Government and operated and managed by the state-run Korea Health Industry Development Institute. The body is steering the municipality’s efforts to build a
Sept. 13, 2018
-
Builders, broadcasting, IT firms request amendment to 52-hour workweek
Shipbuilders, construction, broadcasting and IT firms have asked for an amendment to the new 52-hour workweek due to an inability to comply with the shorter hours, a local business organization said Wednesday. In a seminar presided over by the Korea Employers Federation, officials from the affected industries called on the government to revise the 52-hour workweek regulation to reflect their respective situations. (Yonhap)An official from the Construction Association of Korea argued the revised
Sept. 12, 2018
-
Asiana Airlines resumes inflight meal service
Asiana Airlines said Wednesday that its inflight meal service had returned to normal as of Wednesday, marking an end to a monthslong so-called “inflight meal fiasco.”The airline said inflight meals manufactured by Gate Gourmet Korea had been served on Flight 731 bound for Ho Chi Minh City, Vietnam, Wednesday at 7:30 a.m. The supplier will now be providing some 30,000 meals a day for 81 flights departing from Gimpo and Incheon, it added. Asiana AirlinesIn July, Gate Gourmet Korea was contracted
Sept. 12, 2018