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 E&C starts sale of Byeolnae Stayone
Hyundai Engineering and Construction said Thursday it has started sales of Hillstate residential complex lots in Byeolnae, Namyangju, Gyeonggi Province, this month.The Stayone complex comprises three 46-story buildings with a total 578 households. Hillstate Byeolnae Stayone (Hyundai E&C)They are the highest building to sit in the planned new town of Byeolnae bearing the company’s premium Hillstate brand.Though not categorized as an “apartment,” the Stayone complex is registered as a residential
June 28, 2018
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FTC’s exclusive right to charge businesses likely to be maintained
South Korea’s antitrust watchdog is likely to retain its exclusive right to charge businesses despite prosecutors’ claim that it should be abolished with intent to expand their investigation power, based on a report by a special committee.On Thursday, the special committee dedicated to reforming the nation’s fair trade law announced the results of a three-month review. The highlight was whether to abolish the Fair Trade Commission’s exclusive right to charge businesses. Under the current law, pr
June 28, 2018
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[Advertorial] Samsung supporting single parents to be self-sustained
Samsung Electronics is helping single parents become self-sustained through mentoring and the provision of home appliances necessary for child rearing. Samsung Electronics executive Kim Hyun-sook (left) delivers Samsung dryer “Grande” to Aeranwon director on Tuesday. (Samsung Electronics)On Tuesday, employees of Samsung’s home appliance division visited Aeranwon, a non-profit organization for single parents, to deliver its large-sized dryer “Grande” and baby care washers, according to the tech f
June 28, 2018
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LG Chem kick-starts sales of Enbrel biosimilar in Korea
LG Chem, the chemicals and biopharma business unit of South Korea’s LG Group, said Thursday that it has officially begun selling its Enbrel-referencing biosimilar, Eucept, in Korea. Eucept is the first monoclonal antibody drug developed by LG Chem. It was approved by Korea’s Ministry of Food and Drug Safety in March for the treatment of conditions including rheumatoid arthritis, axial spondyloarthritis and psoriasis. As marketing and sales activities are now kicking off, LG Chem said it hope
June 28, 2018
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SK Innovation achieves ‘deep change’ focused on chemical business
SK Innovation, South Korea’s top oil refiner, has shifted the focus of its business to the chemical sector, securing a stable profit generator, the company said Thursday.The firm’s chemical business posted 284.8 billion won ($253.8 million) in operating profit, accounting for some 40 percent of its total earnings in the first quarter of this year, the company’s figures showed.Its chemical business looks set to surpass 1 trillion won in operating profit this year for the third consecutive year. S
June 28, 2018
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[Newsmaker] Korean Air Chairman Cho Yang-ho feels the heat
Sullen and quiet, Korean Air and Hanjin Group Chairman Cho Yang-ho on Thursday stood on what has now become a familiar spot for his family: a marker on the ground in front of the prosecution’s office before dozens of flashing cameras. Korean Group Chairman Cho Yang-ho appears at the prosecution on Thursday. (Yonhap)“I’m sorry. I will tell everything to the prosecution,” the 69-year-old chairman told swarms of reporters in front of the Seoul Southern District Prosecutors’ Office. He was the four
June 28, 2018
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[Herald Interview] Mahindra Korea eyes partnership in defense biz
With aims to diversify its partnership with South Korean businesses and raise brand awareness, Mahindra & Mahindra tapped Choi In-bom as the second representative of the local office this January.Mahindra Korea, established in 2013, has so far helped the Mahindra Group clinch major deals with companies here including LG Chem, Posco and Hanwha Qcells, striving to fulfill its purpose as a facilitator between the headquarters in India and Korea.Continuing to pursue the firm’s mission, Choi is searc
June 28, 2018
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Proportion of women in executive branch exceeds 50% for first time
Women accounted for more than 50 percent of all employees of the government's executive branch as of the end of last year for the first time since the government's establishment, data from the Ministry of Personnel Management showed Thursday.Central government employees totaled about 656,000, and 50.2 percent of them, or about 329,000, were women, the data showed. It marked the first time that the proportion of women has exceeded that of men in the central government.That's in line with the grow
June 28, 2018
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Samsung, Apple reach settlement over design dispute
Samsung Electronics Co. said Thursday it has reached an agreement with Apple Inc. to settle the latest legal dispute surrounding alleged smartphone design infringement."We cannot provide any details other than that we reached an agreement with Apple," a source from Samsung Electronics said. Samsung refrained from disclosing other details, including the amount of compensation provided to Apple. In this file photo taken on August 26, 2012, an employee shows an Apple`s iPhone 4s (left) and a Samsun
June 28, 2018
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Global conference for biotech industry kicks off in Seoul
The 2018 Global Bio Conference kicked off in Seoul on Wednesday, bringing together biotech regulators and industry experts from around the world to support the growth and overseas expansion of South Korea’s biopharmaceuticals businesses. In its fourth edition, the GBC has invited 126 speakers from 32 countries and has drawn more than 3,000 participants including government officials, pharma industry experts and academics. This year’s GBC, which continues through Friday, featured renowned speake
June 27, 2018
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E-Mart to launch Korean version of Japan's discount retailer Don Quijote
E-Mart Inc., South Korea's largest hypermarket chain operator, on Wednesday unveiled its new discount store brand, as it strives lure more consumers out to offline malls in the face of tough competition with online retailers. The 2,513-square-meter store, Pierrot Shopping, will open to the public at the Convention and Exhibition Center in Seoul on Thursday, handling some 40,000 items ranging from electronic appliances to luxury goods and adult supplies, according to the company. (E-Mart)"From th
June 27, 2018
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[Advertorial] Posco E&C opens 2nd sales of residential estate in Clark, Philippines
[South Korea’s leading engineering and construction firm Posco Engineering & Construction has opened the second round of sales for a premium residential estate in Clark, the Philippines, after a successful first round last year. The planned The Sharp Clark Hills. (Posco E&C)The Sharp Clark Hills offers the benefits of a natural environment and heightened security. South Koreans recognize Clark as a vacation spot that is relatively close to Korea, where they go to enjoy golf and other leisure spo
June 27, 2018
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Bodyfriend slammed for forcing employees to sign health agreement
Bodyfriend, a health and wellness technology company known for premium massage chairs, was hit with criticisms on Wednesday after allegations surfaced that the company forced its employees to sign unfair contract. A model poses with Bodyfriend product. (Bodyfriend)According to some employees, the contract in question contained details such as an agreement by an employee to participate in the company’s wellness program conducted under its medical R&D center. Although the details of the program w
June 27, 2018
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[Photo News] Jeju Air x Pinkfong aircraft draws attention
PINKFONG ON FLIGHT -- Korean children’s content producer SmartStudy unveils a Jeju Air plane decorated with its character Pinkfong on Wednesday. The project was launched as part of a joint marketing agreement signed between Korean low-cost carrier Jeju Air and SmartStudy in April. (SmartStudy)
June 27, 2018
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T'way tops the list of consumer satisfaction index for 4 years in a row
South Korean budget carrier T'way Air said Wednesday it has retained the top place in the low-cost carrier category of the Global Customer Satisfaction Competency Index 2018 for the fourth consecutive year.The budget carrier said it had high scores in the categories of customer value, global competency and customer loyalty that allowed it to move past rival low-cost carriers.(T'way)The index was based on a survey conducted by the Global Management Association, a Seoul-based body, on about 750 pr
June 27, 2018
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Posco’s 12th undergrad volunteer group to kick off next month
Posco, South Korea’s top steel supplier, has recruited 100 volunteers for its 12th undergrad volunteer group Beyond, which will officially kick off next month, the company said Wednesday.The new members of Beyond will visit regions in need of help in Korea and overseas for the next eight months.From July 11-19, they are scheduled to help construct five steel houses in four regions here, including Pohang, South Gyeongsang Province and Namwon, North Jeolla Province, the company said. The 11th grou
June 27, 2018
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Daewoo E&C to ramp up bid for overseas nuclear reactor projects
Daewoo Engineering & Construction is seeking to ramp up bids for nuclear reactor construction overseas to lay the groundwork for stable growth amid a change in leadership earlier in June.Plans include bidding in tenders from Saudi Arabia, the United Kingdom, the Czech Republic, Poland, Slovakia and Ukraine, the company said Wednesday.These will come along with Daewoo E&C’s efforts to clinch orders from Libya’s reconstruction and development projects. Internal view of Jordan Research and Trainin
June 27, 2018
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Mercedes-Benz, Nissan, Mitsubishi to recall more than 12,000 vehicles
German carmaker Mercedes-Benz and Japan's Nissan and Mitsubishi will voluntarily recall 12,102 vehicles to fix faulty parts, the transport ministry said Wednesday.Mercedes-Benz's recall -- set to begin Friday -- affects 8,929 units of 25 models produced between November 2011 and December 2016 that have airbag defects, including C 220 CDI. Also included are 30 units of GLS 250d 4MATIC manufactured between March and April in 2017, which were found with defects in components linking oil cooler pipe
June 27, 2018
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‘Expectations on inter-Korean cooperation overheated’
During a forum on Tuesday, experts on North Korea shared views that overheated expectations of inter-Korean economic cooperation should be moderated, as companies may have to wait a long time before seeing the benefits of economic ties. Following the historic US-North Korea summit earlier this month and the inter-Korea summit in April, media outlets and analysts have expressed an optimistic economic outlook for the two Koreas, while industries and governments busily set up task forces to embrace
June 26, 2018
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[Photo News] Volvo Korea launches compact SUV XC40
BRAND NEW XC40 -- South Korean actor Jung Hae-in poses with Volvo’s new SUV XC40 at a launch event in Seoul. Yonhap
June 26, 2018