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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Seoul seeks exemptions from Trump’s Iran sanctions
The Korean government is ramping up efforts to request exemptions from the US administration’s Iran sanctions amid growing concerns from the local petrochemical and plant construction industries that heavily rely for their businesses on the regime. Following US President Donald Trump’s decision to reimpose sanctions on Iran in May, the first round of sanctions began in August to curb Iran’s purchase of US dollars and its trading of metals and coal. In November, the second wave of sanctions will
Aug. 16, 2018
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The Macallan rebranded with new package, name
Scottish distillery Edrington unveiled a brand new package and name for its most recognized single malt The Macallan, its Korean branch said Thursday.New packages and names for The Macallan (Edrington Korea)According to the company, it applied special technologies to its bottle design that prevents refilling and imitation. This can alleviate customers’ anxiety which regard to water bewitched liquor, it said.By collecting consumer opinions from around the world, the company decided to break away
Aug. 16, 2018
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From TV to online, offline, Korean retailers go beyond boundaries
South Korean retailers are increasingly crossing boundaries between their commerce platforms from television to offline and online to attract more customers, market watchers said Thursday. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, is set to open an offline shop for luxury goods sold through its program S-Style at the retailer's mall in Paju, north of Seoul, on Saturday. The 159-square-meter store will mark the first case for a television-based commerce firm to
Aug. 16, 2018
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Naengmyeon prices soar amid heat wave
Prices of naengmyeon, or cold buckwheat noodles, soared this summer following the continued popularity of the dish amid the sweltering heat, as well as a cold noodle craze sparked by the inter-Korean summit in April. (Yonhap)According to Statistics Korea, prices of naengmyeon at 148 restaurants across the country went up by 4.5 percent and 4.3 percent in June and July, respectively, compared to a year ago. The increase in June was the biggest since March 2012 when prices rose 5.3 percent.Particu
Aug. 16, 2018
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Companies increase hiring, permanent positions
South Korea's top 30 conglomerates hired 14,000 employees in the first half of this year and increased the number of permanent staff, according to corporate data Thursday, showing they are keeping in step with the government policy of creating quality jobs.Business tracker CEO Score gathered data on 262 companies who filed first-half business reports for this year and had hiring records that could be compared with the corresponding period of last year. (Yonhap)Results showed that CJ Group toppe
Aug. 16, 2018
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[News Focus] Moon’s nuclear-free Korea faces backlash
South Korean President Moon Jae-in’s anti-nuclear campaign is facing backlash from critics with the recent scorching heat and massive losses of energy public corporations prompting concerns for what they claim could lead to industrywide fallout.Korea’s anti-nuclear drive was one of Moon’s key pledges during his election campaign in 2017, with a plan to shift the nation’s energy reliance from nuclear power to renewable energy, and the aim of reducing pollution and creating new industries and jobs
Aug. 15, 2018
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‘Copycat’ trademarks fading in recent years
Counterfeits of famous foreign brands have been on a steady decline here, reflecting growing awareness of trademark protection, data showed Wednesday.The number of trademark invalidation trials filed by foreign entities against local copycats has been on a downward trend since 2015, according to data compiled and released by the Intellectual Property Trial and Appeal Board.The IPTAB is a special administrative tribunal affiliated with the Korean Intellectual Property Office that handles disputes
Aug. 15, 2018
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Who received the highest salary in H1?
The salaries of chaebol owners and corporate executives in the first half of the year were unveiled Tuesday as the groups turned in their half-year salary reports to the Financial Supervisory Service.According to the FSS’ disclosure system, Hanjin Group Chairman Cho Yang-ho topped the list with 5.82 billion won ($5.13 million). Cho was followed by former Kakao M CEO Park Sung-hoon, who received 5.74 billion won. Park left Kakao M in March and now heads the game company Netmarble. (Yonhap)NCsoft
Aug. 15, 2018
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Alcoholic beverages get smaller
Following the continued trend of “honsul,” or drinking alone, and increased single-person households, more liquor companies are releasing smaller products.South Korean brewer Oriental Brewery said it has launched mini beer cans in 250-milliliter servings, which the company said are “perfect for the summer vacation season” because they are easy to carry around and can be consumed at once. Oriental Brewery’s Cass (OB)OB also released mini-sized Hoegaarden Rose bottles, in an effort to diversify it
Aug. 15, 2018
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Expedia to focus on South Korean market for its mobile innovation
U.S. online travel company Expedia Group Inc. said Tuesday it will closely review feedback from customers in South Korea, one of the most wired countries in the world, to better accommodate the increasing number of travelers using mobile transactions globally. According to the company, more than 50 percent of the traffic at its Expedia website arrives via mobile platforms, with one-third of its bookings made through mobile devices. In South Korea, more than 50 percent of bookings are made using
Aug. 14, 2018
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Industry shows mixed reactions to arrival duty-free shops
South Korean duty-free store operators are divided over President Moon Jae-in’s remarks on the possibility of opening duty-free shops at arrival airport terminals to alleviate the inconvenience of having to travel with duty-free goods. Passengers ready for departure at Incheon Airport. (Yonhap)On Monday, President Moon ordered a long-debated review of opening duty-free stores at arrival terminals during a meeting with his secretaries, saying that arrival duty-free shops could boost domestic spe
Aug. 14, 2018
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Korean white hat hackers win CTF competition in US
South Korean white hat hackers took the first place in the Defcon 26 Hacking Conference Capture the Flag Competition held in Las Vegas from Thursday through Sunday, according to Raonsecure Tuesday. White hat hackers refer to security experts who identify security flaws and defend against hacking attacks on a website, while Capture The Flag means an information security competition. (Raonsecure)This marked the second time that the team representing Korea, defkor00t, became the winner in the US co
Aug. 14, 2018
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Korean shipbuilders account for half of global orders in July
The Korean shipbuilding industry accounted for nearly half of global shipbuilding orders, winning 22 vessels in July, according to shipbuilding industry analyzer Clarkson Research on Tuesday. Hyundai Heavy IndustriesAccording to the research firm, Korean shipbuilders recorded orders equal to 970,000 compensated gross tons last month, accounting for 48 percent of a total of 2.01 million CGTs in the global shipbuilding market. The Korean firms, including Hyundai Heavy Industries, Samsung Heavy Ind
Aug. 14, 2018
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FTC to report Hanjin chief for unfair business practices
The nation’s antitrust watchdog said Monday it decided to report Cho Yang-ho, chairman of Hanjin Group, to prosecutors over alleged unfair business practices, adding another allegation to the chief already accused of tax evasion and embezzlement by prosecutors. The Fair Trade Commission said the Korean conglomerate that owns Korean Air and Hanjin Shipping omitted to report its four affiliates run by Cho’s family members as well as the names of 62 family members to the FTC from 2003 to 2018, with
Aug. 13, 2018
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Harim enters Philippines market with frozen, ready-to-eat foods
South Korean poultry giant Harim Group said Monday that it will begin selling frozen foods such as chicken nuggets and ready-to-eat products like Samgyetang, or chicken ginger soup, in the Philippines.The company said its signature product of Yongari chicken nuggets and other frozen foods will hit the shelves at supermarkets in Manila and other major cities in the Philippines soon. Last month, Harim’s products passed customs in the Philippines, it said. It is the first time for a South Korean co
Aug. 13, 2018
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Samsung Bioepis to start clinical trials of first new drug candidate with Takeda Pharmaceutical
Samsung Bioepis said Monday that it plans to soon start phase 1 clinical trials for its first new drug candidate in development with Japan’s Takeda Pharmaceutical, setting a fresh milestone in the South Korean drugmaker’s push into new drug development.The therapeutic candidate, SB26, also known as TAK-671, is an ulinastatin-Fc fusion protein to treat severe acute pancreatitis. It is the first result of the new drug development collaboration partnership signed by the two companies in August 2017
Aug. 13, 2018
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Samsung Heavy mulls unpaid leave plan amid lower orders
Samsung Heavy Industries Co. is considering adopting a compulsory unpaid leave plan for its employees as it receives fewer orders amid oversupply and lower demand, the company said Sunday. Samsung Heavy's move comes after Hyundai Heavy Industries Co. recently offered an unpaid leave plan to its workers at the country's biggest shipbuilder's offshore plant shipyard, which was temporarily shut down due to a lack of new orders. Samsung Heavy`s shipyard in Geojedo, South Gyeongsang Province (Yonhap)
Aug. 12, 2018
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[IP in Korea] Government role crucial in expanding creative public domain
The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 22nd installment. -- Ed.In an era of technological evolution, in which content is constantly integrated, disassembled and reinvented, the conventional exclusivity of copyright is under pressure as creators seek lower barriers to produce their work and realize innovation.But a drastic expansion of the public domain could also infringe the rights of creators. That is why the Culture
Aug. 12, 2018
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S. Korean construction firms eye opportunities for Trans-Korean Railway
The Korea Herald is publishing a series of articles featuring inter-Korean relations to mark the paper’s 65th anniversary that falls on Aug. 15. Following is the seventh installment. – Ed.Delegations of the two Koreas inspect the North Korean side of the Gyeongui Line on July 24. (Yonhap)Under the peace initiative by South Korean President Moon Jae-in, whose pledges include building a Trans-Korean Railway, construction companies are optimistic about the prospect of involvement in the project. Th
Aug. 12, 2018
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Hanwha to invest W22tr in solar energy, defense
Hanwha Group unveiled a plan Sunday to invest 22 trillion won ($19 billion) over the next five years in new growth sectors, like solar energy, and create 35,000 jobs.The country’s eighth-largest conglomerate by assets said the plan is the company’s largest long-term investment, with the aim of responding to the rapidly changing business landscape and to secure new business growth momentum. According to the company, about 4.4 trillion won will be invested each year, an about 37 percent increase f
Aug. 12, 2018