Most Popular
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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BTS-themed moon jar to be unveiled on Hangeul Day
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Samsung unveils 'personalized AI' for all devices
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Market uncertain on Korea's October rate cut despite slowed inflation
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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Special counsel bill to probe first lady scrapped
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Korean bands get their day in the sun, finally
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Ikea Korea begins online sales, nationwide delivery
Ikea Korea said Wednesday that it will begin online sales on its website and nationwide delivery from Saturday, in a move to attract online shoppers.The official e-commerce channel will expand shopping options for customers, Ikea Korea CEO Andre Schmidtgall said during a press conference Wednesday. Ikea Korea, the local branch of the Swedish furniture giant, currently runs two stores here -- one in Gwangmyeong that opened in 2014 and one in Ilsan that opened last year -- operated by some 1,700 e
Aug. 29, 2018
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SK Group under probe over chief's suspicious stake purchase
South Korea's corporate watchdog conducted a probe on Tuesday over suspicions that the chief of SK Group plundered corporate profits through his purchase of a stake in its affiliate, industry insiders said.Officials of the Fair Trade Commission (FTC) visited the company's headquarters in Seoul, and carried out investigations to secure data regarding group chairman Chey Tae-won's purchase of stakes in LG Siltron Co. last year, according to the sources. (Yonhap)In 2017, SK Holdings Co., the group'
Aug. 28, 2018
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Hotel Shilla wins rights to run duty-free shop at Gimpo airport
Hotel Shilla Co., on Tuesday won the right to operate a duty-free shop at Gimpo International Airport in Seoul, the local committee in charge of the selection said.Hotel Shilla, an affiliate of the country's top conglomerate, Samsung, defeated Lotte Group in the bid, after the two were chosen as the final candidates last month by the Korea Airports Corp (KAC).Hotel Shilla is now entitled to operate the 633.4-square-meter liquor and tobacco duty-free shop at the airport over the next five years,
Aug. 28, 2018
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[Hydrogen Korea] ‘Hydrogen economy act will be passed this year’
The Korea Herald is publishing a series of articles on South Korea’s latest measures, hurdles and the market drive for hydrogen economy. This is the third installment. -- Ed.Korea’s first hydrogen-related act is highly likely to be passed this year due to the government’s strong willingness and a consensus reached on the green energy source by both ruling and opposition parties, according to the lawmaker who proposed the bill. Despite having launched the world’s first hydrogen cars, Korea still
Aug. 28, 2018
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Korean patients lack awareness about drugs they are taking
Three out of 4 patients in South Korea were unaware of whether the medication they were taking was an original or generic drug, suggesting generally weak public understanding of drugs and their properties, according to survey results released by Bayer Korea on Tuesday. According to a survey of 1,000 Koreans aged between 40 and 60 on how knowledgeable they are about medication they regularly take, 71.5 percent did not know if the drug they were taking was an original or generic.Another 75.7 perce
Aug. 28, 2018
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Dong-A Pharm’s Gum Guard series effective in gum disease prevention: study
Dong-A Pharm’s Gum Guard series (Dong-A Pharm)Oral care product series Gum Guard by Dong-A Pharm has proven to be effective in preventing gum disease, the company said quoting the results of a six-week test.Its antiseptic mouthwash product contains sodium monofluorophosphate, cetylpyridinium chloride monohydrate, tocopheryl acetate and panthenol among its active ingredients. It kills 99.9 percent of porphyromonas gingivalis and streptococcus mutans, bacteria commonly found in the mouth, the comp
Aug. 28, 2018
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LS Cable showcases thinnest high-voltage transmission cable
South Korean cable maker LS Cable showcased the thinnest 500-kilovolt power-transmission cable in the world at an annual exhibition in Paris, the company said Tuesday.The high-voltage underground cable is 5 percent thinner than existing products. Thinner cables add convenience both to the production and transportation processes, the company added.The International Council of Large Electric Systems hosted the event where the cable made its debut. (LS Cable)“The higher (the) power transmission is
Aug. 28, 2018
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Holiday Inn Express Seoul Hongdae to open in Sept.
South Korean low-cost carrier Jeju Air announced Tuesday that Holiday Inn Express Seoul Hongdae will start operations Saturday in Hongdae, a neighborhood rife with street performances and works of art in the capital.This comes after about two years of construction on 53,900 square meters of land near Hongik University in western Seoul that kicked off in September 2016, largely backed by Jeju Air’s investment.Interior view of Holiday Inn Express Seoul Hongdae. (Jeju Air)Jeju Air has pledged to in
Aug. 28, 2018
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UN welcomes Samsung's decision to settle work-related disease standoff
A United Nations' human rights organization on Tuesday welcomed Samsung Electronics Co.'s decision to seek settlement to compensate its employees afflicted by work-related diseases.The announcement came after Samsung and the workers' advocacy group Supporters for the Health and Rights of People in the Semiconductor Industry decided in July to accept any proposal made by a mediation committee.The standoff involving the world's largest producer of semiconductors first surfaced when Hwang Yu-mi, wh
Aug. 28, 2018
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Posco acquires tenements in Argentina for lithium extraction
South Korean steel giant Posco signed a contract to acquire mining tenements in Argentina from Australian lithium miner Galaxy Resources for $280 million, the company said Monday.The contract gives Posco full mining rights for an area of 17,500 hectares in a northern sector of the Salar del Hombre Muerto salt flat. As large as one-third of the city of Seoul, the land contains salt water capable of producing 25,000 metric tons of lithium a year, if extracted.With the contract, Posco will be able
Aug. 27, 2018
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E-mart goes digital: Advanced robot concierge unveiled at store
South Korean retail giant Shinsegae’s discount store chain E-mart said Monday that it will test-run its advanced robot concierge service from Wednesday, as well as adopt electronic shelf labels. E-Mart's robot concierge Pepper (E-Mart)The robot concierge, dubbed Pepper, will help customers at the imported food section of the E-mart Seongsu store. Pepper has been upgraded with an automated-driving mode and an artificial intelligence-based chatbot function since its first round of test runs in Ma
Aug. 27, 2018
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Hyosung chief promises future cooperation with Zhejiang governor
Hyosung Group Chairman Cho Hyun-joon has promised wider business cooperation with Yuan Jiajun, the governmor of Zhejiang province in China, at its headquarters in Seoul on Saturday during Yuan’s four-day visit to Korea, according to the company on Monday. Hyosung Chairman Cho Hyun-joon (left) shakes hands with governor Yuan Jiajun of Zhejiang province at Hyosung’s headquarters in Seoul on Saturday. (Hyosung)Zhejiang, an eastern coastal province of China, is Hyosung’s first overseas production ba
Aug. 27, 2018
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KITA to open startup center at Coex next year
The Korea International Trade Association will establish a center within the Coex Convention and Exhibition Center in Gangnam, southern Seoul, next year, to help South Korean startups advance into the global market, a spokesperson said Monday. Bird's-eye view of Global Startup Center (KITA)The trade organization said the Startup Global Center, slated to open in April, would have professional consultants on board to advise startups on how to break into the global market and implement projects wit
Aug. 27, 2018
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Daewoong Pharmaceutical chairman steps down after verbal abuse revelations
Daewoong Pharmaceutical Chairman Yoon Jae-seung stepped down from his post Monday, following recent accusations that he had repeatedly abused employees with verbal threats and profanities during meetings.It marked yet another case of “gapjil” -- a Korean term referring to the abuse of power against a person in a lower-level position -- involving the controlling family of a major South Korean corporation. Daewoong Pharmaceutical is one of the country’s biggest pharmaceutical companies that is fam
Aug. 27, 2018
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Kumho Tire’s premium tire Majesty 9 records high sales
Kumho Tire’s newly launched premium tire model Majesty 9 has been recording strong sales performance, with the market responding positively to the tire’s superior quality and upgraded features, the company said Monday. According to Kumho, average monthly sales of the Majesty 9 SOLUS TA91 since May has been 30 percent greater than that of the tire’s former model in the same period last year, reflecting the newer model’s appeal. The Majesty 9 tire offers a quieter and more comfortable ride on the
Aug. 27, 2018
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Jeju Air opens flight from Busan to Yantai, expands Chinese routes
South Korean budget air carrier Jeju Air Co. said Monday it will open a new route connecting the country's southern port city of Busan and Yantai, a city in eastern China, starting this fall.The low-cost airline said it will operate four flights a week between Busan and Yantai starting Oct. 28. The company currently operates 13 regular flights to China, including Hong Kong and Macao.The company said the decision came as the demand for flights to China is expected to grow down the road. (Jeju Ai
Aug. 27, 2018
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Antitrust watchdog gears up for overhaul of fair trade laws
The nation’s antitrust watchdog said on Sunday that it was proposing legislation to overhaul the nation’s fair trade laws and strengthen regulations against unfair business practices. It is now inviting feedback from the public before submitting the proposal to the National Assembly. If the laws are revised as proposed, the overhaul will be the first major change to Korea’s fair trade laws in 38 years. Foremost among the changes is the revocation of the Fair Trade Commission’s exclusive right to
Aug. 26, 2018
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[Advertorial] LG Chem pledges over W4tr in 2018
Chemical company LG Chem has pledged capital expenditure of over 4 trillion won ($3.6 billion) this year, up some 60 percent on-year, to enhance research and development capacity. The move, coupled with its constant increase in overseas contracts, is part of a bid to prepare for the arrival of the “fourth industrial revolution.”LG Chem is a Korean manufacturer of basic materials, automotive batteries, information technology and electronics materials. LG Chem naphtha cracking center in Yeosu, So
Aug. 26, 2018
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Chanel Korea comes under fire for sale of used bag
Local branch of the French luxury giant, Chanel Korea has come under fire for allegedly selling a used bag to a Korean customer, raising concerns over its inventory control and management policy.According to local media outlet News One, a Korean customer purchased a Chanel 2.55 flap bag at a department store for 7 million won ($6,280) in April. She later found someone else’s bankbook and credit card inside the bag.The bankbook and credit card had been issued in March, a month before the bag owne
Aug. 26, 2018
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Less than 20% of restaurants, accommodations survive for 5 yrs
More than eight out of 10 restaurants and accommodations in South Korea go out of business within five years after opening, failing to overcome challenges in the early stages of operation, a state-run think tank said Sunday. The five-year survival rate of hospitality businesses stood at 17.9 percent as of 2015, far lower than the corresponding figure for manufacturers, the Korea Institute for Industrial Economics & Trade said in a report. (Yonhap)The survival rate of restaurants and accommodatio
Aug. 26, 2018