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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Coldplay to celebrate release ‘Moon Music’ with Han River drone show
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Hyundai Steel’s labor union supports multicultural families
South Korean steelmaker Hyundai Steel’s labor union conducted outreach activities to help underprivileged families and support children from those families to experience a variety of cultural activities. Members of Hyundai Steel’s labor union who work at the Incheon production line pose for a photo after conducting outreach for underprivileged families in March. (Hyundai Steel)According to the company, the labor union visited Gyeongju Bird Park with 18 children from underprivileged and multicul
Aug. 26, 2018
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Google Korea under probe over alleged unfair biz practices
South Korea's corporate watchdog carried out a weeks-long investigation into Google Korea over the firm's alleged abuse of its leverage over local game developers, industry sources said Saturday.According to the sources, the Fair Trade Commission recently wrapped up a three-week on-site probe at the company's headquarters in Seoul into the allegations that Google has been pressing local game firms to launch their games exclusively on the Google Play platform. (Yonhap)It is the second time that
Aug. 25, 2018
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More buy salads from convenience stores in Korea
The popularity of salads at convenience stores is rising amid more people opting for quick, affordable and health-conscious food items, according to a report from GS Retail on Friday.GS25, a convenience store chain operated by GS Retail, has seen its sales of salads rise by 278.6 percent between this year through Thursday, compared to the same period last year. A customer browses salads at a GS25 branch. (Yonhap)Sales of salads have seen a constant rise, with the on-year growth rate touching 209
Aug. 24, 2018
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SK Innovation constructs EV battery plant with Chinese partners
SK Innovation has started construction of an electric vehicle battery factory with its Chinese joint ventures, state-run automaker BAIC and Beijing Electronics Holding, at the Changzhou Jintan Economic Development Zone in Jiangsu, north of Shanghai, the company said Friday.The factory is run by BESK, an electric vehicle battery joint venture between SK Innovation, BAIC and Beijing Electronics Holding established in 2013, in which the Korean firm had invested 1 billion yuan ($145 million). (SK I
Aug. 24, 2018
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Seoul seeks partnership with Indonesia in auto business
The South Korean government on Friday held the first Korea-Indonesia Automotive Dialogue, in line with the administration’s New South Policy initiative, according to the Ministry of Trade, Industry and Energy.The event, held at Lotte Hotel Seoul, took place as a follow-up to President Moon Jae-in’s state visit to the Southeast Asian state in November last year. After signing a memorandum of understanding on bilateral industrial cooperation, top officials of both states have sought to expand part
Aug. 24, 2018
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P&G Korea names Balaka Niyazee as new chief
P&G Korea said Friday that it has named Balaka Niyazee, current director of sales at SK-II Worldwide under P&G, as its new general manager.Niyazee will replace the outgoing chief Kim Joo-youn, who has been newly appointed as the vice president of Gillette Asia. The new P&G Korea head will assume her post on Oct. 1, according to the company. P&G Korea`s new general manager Balaka Niyazee (P&G Korea)Niyazee initially joined P&G as a sales representative at P&G India. Since then, she has built up e
Aug. 24, 2018
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Urban tech startups boosted by efforts of accelerator, foundation
Fledging Korean startups devoted to urban technologies that help cities become more efficient and sustainable have been receiving support from the managers of incubator programs. Startup accelerator Company B, together with the Seoul Digital Foundation under the Seoul Metropolitan Government, gave representatives from 33 urban technology startups opportunities to share their views in a meeting of the Urban Tech Accelerating Program in Seoul on Aug. 17. (Company B)Suggestions from the participan
Aug. 23, 2018
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K-water hosts seminar on water resource management for Southeast Asian delegates
The state-led Korea Water Resources Corp., also known as K-water, has invited 18 public servants from Southeast Asian nations to a seminar designed to help enhance the capability to manage water resources. Officials of Southeast Asian countries and K-water pose during a seminar on ways to improve water supply systems and water quality, in Daejeon. (K-water)The seminar dubbed “Water Resources Development and Management” kicked off Monday and runs through Sept. 6. Held in Daejeon, a city 140 kilo
Aug. 23, 2018
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Amorepacific opens outdoor public exhibition on Jeju
South Korea’s leading cosmetics company Amorepacific is holding an outdoor public exhibition on Jeju Island until Oct. 14, featuring natural aspects of Jeju, like its volcanic topography. The poster for “apmap 2018 jeju -- volcanic island” hosted by Amorepacific (Amorepacific)Titled “apmap 2018 jeju -- volcanic island,” the exhibition is part of the company’s “amorepacific museum of art project (apmap),” which portrays the natural vitality of Jeju through contemporary artworks. A total of 15 you
Aug. 23, 2018
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[Weekender] Rising safety concerns over use of personal mobility devices in Korea
Many questioned the safety of personal mobility devices when the millionaire owner of the Segway company, Jimi Heselden, died after losing control of his Segway on a cliff in 2010. Despite the benefits of using devices like Segway -- a two-wheeled, battery-powered personal transportation device – hoverboards and electric scooters, allowing personal mobility devices, or PMDs, in public areas is being heatedly discussed here, with the related law pending. Segway's personal mobility device Ninebot
Aug. 23, 2018
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Daegu Exco aims to host more exhibitions in second half: CEO
Daegu Exhibition & Convention Center (Exco) aims to host more exhibitions in the second half of the year in preparation for the expansion of its exhibition hall in 2020, according to the Exco chief. “We will increase the operating rate of exhibition halls and foster related professionals in response to the expansion of exhibition halls in 2020,” said Kim Sang-wook, chief of Exco, in an interview with The Korea Herald.By December 2020, Exco will offer 30,000 square meters of exhibition space on t
Aug. 23, 2018
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Posco recruits students for free education on AI, big data, IoT
Posco, South Korea’s leading steelmaker, is accepting applications for the fourth round of its free online and offline education on artificial intelligence, big data and the internet of things for job seekers, the company said Thursday.The program comes as part of the company’s efforts at outreach in creating social value, presented among Posco Chairman Choi Jeong-woo’s “With Posco” vision introduced last month.The program on AI, big data and IoT was put together with Pohang University of Scienc
Aug. 23, 2018
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Number of foreign tourists to Korea jumps 24% in July
The number of foreigners who visited South Korea spiked 24.4 percent in July from a year earlier on eased inter-Korean tensions and more tourists from China, South Korea's tourism promotion agency said Thursday.A total of 1.25 million foreigners visited South Korea last month, up from 1 million tallied the same month a year earlier, according to the Korea Tourism Organization.(Yonhap)The number of Chinese tourists shot up 45.9 percent on-year in July due to a base effect. In March last year, Chi
Aug. 23, 2018
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Hyundai Heavy completes holding firm structure
Hyundai Heavy Industries Group said Wednesday it has completed the transition to a holding company structure through a stake sale and mergers among its affiliates, a move aimed at improving its governance.The world's largest shipbuilder by sales has pushed for the holding company structure since 2016 in line with the government's guidelines that encourage local conglomerates to strive for corporate transparency and competitiveness. (Yonhap)"We have considered a variety of options ... amid unfavo
Aug. 22, 2018
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S-Oil to invest W5tr in petrochemical project
Major Korean oil refiner S-Oil will invest some 5 trillion won ($4.47 billion) through 2023 in its phase II petrochemical project for which it is conducting a feasibility study on building a mixed feed cracker, the company said Wednesday.The investment is part of the company’s goal to become a leading energy and chemical company under its “Vision 2025.”The steam cracker will produce 1.5 million tons of ethylene annually and basic petrochemicals using naphtha, giving the company a competitive adv
Aug. 22, 2018
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Intragroup mergers soar upon pressure for better corporate governance
Intragroup mergers of Korean conglomerates saw a big rise in the first half of the year amid a push to improve their corporate governance, according to the nation’s antitrust watchdog Wednesday.According to the Fair Trade Commission, the volume of mergers and acquisitions by conglomerates with assets of more than 5 trillion won ($4.4 billion) stood at 16.5 trillion won in the January-June period compared to 15.3 trillion won in the same period last year. Of the volume, 14.6 trillion won was trad
Aug. 22, 2018
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[Feature] Putting boycotts to good use
Ask any South Korean and they will be able to tell you about the corporate scandal that left the nation aghast in the summer of 2016, when toxic disinfectants claimed more than 100 lives.In 2010, Oxy -- the Korean subsidiary of Reckitt Benckiser -- had started selling household humidifier disinfectants that included dangerous chemicals such as PHMG. The products were sold without proper warnings, and the public was outraged.Although Oxy was one of 20 manufacturers implicated in the damage, South
Aug. 21, 2018
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Trade deficit in IP hits record low on PC, mobile game boom
South Korea’s trade deficit for intellectual property rights reached an all-time low during the first half of this year, fueled by increasing demand for computer and mobile games and the consequent boom of franchising rights and copyrights, central bank data showed Tuesday.The country’s trade loss in the intellectual properties account stood at $600 million as of the end of June, down from $910 million a year ago, according to preliminary data released by the Bank of Korea.This was the lowest de
Aug. 21, 2018
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Prosecutors to investigate hardcore cartels without FTC accusation
South Korean prosecutors will have the authority to charge companies over hardcore cartels without accusations by the Fair Trade Commission, following a mutual agreement between the two organizations to abolish the national antitrust watchdog’s exclusive right to charge businesses, officials said Tuesday.In the current system, prosecutors can begin an investigation only if there is an official accusation by the FTC in the area of violation of fair trade laws.However, with growing complaints the
Aug. 21, 2018
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Aekyung Group opens new headquarters in Hongdae
South Korean cosmetics-to-health care conglomerate Aekyung Group said Tuesday that it has opened new headquarters in northwestern Seoul. Aekyung Tower (Aekyung Group)Named Aekyung Tower, the new headquarters building houses offices of its five affiliates including household care product maker Aekyung Industrial and its holding company AK Holdings. Its air carrier company Jeju Air’s international sales team will also move into the new headquarters. Built on 53,949 square meters of land, the new m
Aug. 21, 2018