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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New Posco head vows to scout outsiders
While hinting at possible restructuring, the new chief of the nation’s largest steelmaker vowed to hire outsiders to nurture the company’s nonsteel sectors, such as bio. Choi Jeong-woo, who was named Posco’s ninth leader at a shareholders meeting Friday, said he sees opportunities for Posco in the bio sector, describing the new growth engine as “seed business.”Choi viewed Posco’s search for new business opportunities so far as a failure, and he wants to turn that around by scouting outsiders.“Mo
July 29, 2018
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[IP in Korea] ‘Blockchain, possible solution to public domain platform’
The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 21st installment. -- Ed.In contrast to copyright, which is recognized as a tangible and exclusive protection for creators, the notion of public domain -- where works are shared freely without intellectual property ownership restrictions -- is often dismissed as a cost-free, and therefore less valuable, source of knowledge.A challenge for the modern world, however, is that demand is
July 29, 2018
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SK E&C dismisses Laotian minister’s claim of faulty design
SK Engineering and Construction on Sunday denied the speculation raised by a Laotian minister that the cause of a dam collapse in the Southeast Asian country was the builder’s poor construction.“Nothing has been confirmed as the cause of the dam collapse. We believe the rescue operation and assisting flood recovery must be prioritized at this stage,” a SK E&C official told The Korea Herald. “Finding the exact cause of the accident will be conducted separately.”The comments came after Laos’ Minis
July 29, 2018
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Airport Express provides luggage drop-off service for tourists
For foreigners who want to travel right after landing in Korea, local airport railway operator Airport Express provides a luggage drop-off service at Incheon Airport’s Terminal 1, Seoul Station, Hongik University Station and Gimpo Airport Station. Luggage can be sent directly to hotels upon request, according to officials of Airport Express. Airport Express’ travel center at Seoul Station. (Airport Express)The service is available by signing up online at the Airport Express website, www.safex.kr
July 29, 2018
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Korea Post stresses role of postal network in global e-commerce
Kang Seong-ju, chief executive of the state-run Korea Post, stressed the role of the postal network in an era of global e-commerce during an annual meeting with Kahala Posts Group members, officials said Sunday. Kang was one of 11 representatives of member nations that took part in the KPG meeting held in Gold Coast in Queensland, Australia, on Thursday. Members at the latest meeting agreed on increasing the level of customs clearance information exchange between members to 80 percent by 2021.
July 29, 2018
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[Herald Interview] Delta Air Lines aims to raise customer satisfaction through JV
Steve Sear, Delta Air Lines’ president for international and executive vice president for global sales, has visited South Korea 10 times in the past 18 months. “Here’s like home away (from) home,” Sear told The Korea Herald as he sat down for an interview at Grand Hyatt Incheon. Steve Sear, Delta Air Lines’ president for international and executive vice president for global sales, poses during an interview with The Korea Herald in Incheon. (Park Hyun-koo/The Korea Herald)“The reason why I was he
July 29, 2018
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E-Mart's new Pierrot discount store exceeds expectation, achieves solid start
E-Mart Inc., South Korea's largest hypermarket chain, said Sunday that its new discount store that mostly sells products made by small and medium enterprises attracted an average of 10,000 shoppers per day, with sales easily exceeding the initial target in the first month of operation.The 2,513-square-meter Pierrot Shopping that opened at the Convention and Exhibition Center in southern Seoul late last month was set up to rejuvenate consumers' interest in visiting physical stores amid the growin
July 29, 2018
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SK Group donates $10m for Laos
SK Group Chairman Chey Tae-won delivered $10 million in relief funds for victims of the massive flood in Laos, the company said Friday.“Words cannot comfort Laotians who have lost families and homes in the disaster. All-out efforts will be made for Laos to recover as soon as possible, and heal those whose hearts have been hurt,” said Chey.Chey delivered $10 million to Laos Ambassador Khamsouay Keodalavong at the Laos Embassy in Hannam-dong, central Seoul.A hydroelectric dam in Laos under constru
July 27, 2018
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Cement pieces fall from ceiling at Newcore Gangnam, sparking safety concerns
Pieces of cement reportedly fell from the ceiling of Newcore Department Store in Gangnam, Seocho-gu, Seoul, on Friday, injuring no one but nonetheless igniting concerns over the safety of the popular shopping complex.According to the Seocho District Office, pieces of corroded cement fell from the ceiling of a store located on the B1 floor of the department store around 1 p.m. (Yonhap)The pieces were found to be parts of cement mortar that fell from a ventilation facility room located above the
July 27, 2018
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[Newsmaker] Ex-felons to be banned from delivery jobs
Former convicts of violent crimes will be banned from taking jobs in parcel delivery jobs that typically entail door-to-door services, according to a new law revision.The National Assembly on Thursday afternoon passed the revision bill of the Trucking Transport Business Act, stating that those who have been imprisoned or handed down heavier penalties for designated felonies -- sex crimes, violence, drug-related offenses, violence against minors -- be banned from driving trucks and delivering goo
July 27, 2018
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New Posco chairman envisions “With Posco”
South Korea’s No. 1 steelmaker Posco has named former Posco Chemtech CEO Choi Jeong-woo as its ninth chairman, highlighting “With Posco” as its vision alongside possible restructuring, the company said Friday.Choi was appointed the chief of the world’s fifth-largest steel company with 97.6 percent of votes from shareholders at a general meeting of stockholders on Friday morning.“Posco needs to be armed with a new vision to leap forward in the next 100 years. Under the new vision ‘With Posco,’ we
July 27, 2018
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Hyundai Motor pounds out agreement on wage with union
South Korea’s leading automaker Hyundai Motor Company and its 51,000-member trade union pounded out an agreement on an increase of 45,000 won ($40) in basic monthly pay for this year without the negotiation leading to a strike, the company said Friday. It is the first time in eight years for the automaker to reach an agreement between labor and management before the summer holiday season. Some 63 percent of 42,046 workers who cast a ballot in a vote held Thursday agreed to accept this year’s wag
July 27, 2018
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Kakao Bank to gear up for IPO in upcoming years
South Korea’s most popular internet-only bank, Kakao Bank said Thursday that it is preparing to go public around 2020 as a way to expand capital at the pace of the fast-growing mobile banking business.“It may be a little premature at this point but we are always keeping a close watch on the need for capital expansion, considering the fast development pace of the mobile service sector,” said Yoon Ho-young, one of the co-chiefs, at a media briefing marking the first anniversary of the bank’s estab
July 26, 2018
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Posco Daewoo executives to purchase stocks in move to recover trust
Posco Daewoo, the trading arm of South Korean steel giant Posco, said Thursday its executives will spend over 10 percent of their monthly income to purchase company stocks in a bid to contain a value plunge following a recent gas pipeline accident in China. Seventy-six executives are to take part in the efforts starting with next month’s pay.Shares of Posco Daewoo have dropped about 30 percent since early June due to concerns of a setback in gas supply following the explosion of a gas pipeline o
July 26, 2018
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Samsung mass-produces 2nd generation 10-nano level mobile DRAM
Samsung Electronics Co. said Thursday it has started mass production of the second-generation 10-nanometer level 16Gb Low Power Double Data Rate 4X mobile DRAMs, providing slimmer and more power efficient solutions for mobile devices.The South Korean tech giant said the breakthrough was made around eight months after it started the mass production of the second-generation 10-nanometer level 8Gb DDR4 server DRAM chips. Following the latest progress, Samsung Electronics said it plans to have DRAM
July 26, 2018
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Jeju Air to open route to Haneda airport next month
Jeju Air Co., South Korea's biggest low-cost carrier by sales, said Thursday it will begin service on a new route to Japan's Haneda airport next month to absorb travel demand during the summer holidays. Jeju Air plans to offer flights from Incheon International Airport to Haneda from Aug. 10 to compete with smaller rivals in short-haul routes during the summer peak season, the company said in a statement. Incheon airport, west of Seoul, is South Korea's main air transport hub, while Haneda serve
July 26, 2018
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[ADVERTORIAL] LS Cable adopts PC shut-off system, flexible workhours
LS Cable and System, a South Korean cable maker, has adopted a flexible workhour system and started to power down computers in the evening to prevent overtime, the company said Wednesday. Starting on July 1, the company implemented a 40-workhour system in accordance with the government’s new policy drive to reduce working hours. In addition, the company encourages workers to start and finish their work within the reduced working hours, and asked employees not to send text messages about work aft
July 26, 2018
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S. Korea's electricity supply to stabilize from Friday: ministry
South Korea’s electricity supply, which has been put on red alert recently amid a record heat wave, is expected to improve from Friday as the nation enters the summer holiday season, according to the Ministry of Trade, Industry and Energy on Wednesday.Reflecting such forecast, as well as the current level of available power reserves, the government decided not to take demand control actions on companies in July, officials said.“Due to a disaster-level heat wave and companies’ full-capacity opera
July 25, 2018
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[Newsmaker] Moon orders dispatch of emergency relief team to Laos
South Korean President Moon Jae-in on Wednesday ordered the dispatch of an emergency relief team to Laos, where a dam collapse has led to at least several hundreds going missing. In a briefing, the president also ordered the team to check the health conditions of South Korean employees working at the site, for families in Korea. The hydroelectric dam in Laos that collapsed Wednesday was built by SK Engineering and Construction, the building arm under SK Group. There are some 40 South Korean work
July 25, 2018
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Shinsegae ups presence in hotel business with launch of L’Escape
With Shinsegae’s aggressive expansion in the retail industry following a series of successful hits with No Brand, Peacock and fun toy shop Pierrot Shopping, the company is now venturing into the hotel business, to beef up its presence and brand image in the industry.The country’s 10th-largest conglomerate by assets launched last week its first standalone boutique hotel brand L’Escape in Myeongdong, Seoul. Inside Shinsegae Chosun Hotel’s boutique hotel L’Escape. (L’Escape)The opening of the new
July 25, 2018