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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Market uncertain on Korea's October rate cut despite slowed inflation
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Samsung unveils 'personalized AI' for all devices
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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[Robert Fouser] Why the US election looks so close
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Special counsel bill to probe first lady scrapped
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Apple applies for more than 30 Micro-LED patents in Korea
Apple and its subsidiary LuxVue Technology have applied for more than 30 patents of Micro-LED technology in South Korea over the last 10 years with the apparent aim of keeping Samsung and LG in check, as the companies may use the next-generation panel technology in their new devices.According to the government, Apple applied for 11 patents, while LuxVue Technology applied for 23 patents for Micro-LED technology over the last 10 years in Korea. LuxVue Technology is a Micro-LED firm acquired by Ap
March 19, 2018
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Lotte cancels this year’s fireworks shows
South Korean conglomerate Lotte Group said Monday that it has decided to cancel fireworks shows lined up for this year, after its Chairman Shin Dong-bin received a jail term over a bribery scandal. Fireworks are displayed at Lotte World Tower in Jamsil, Seoul. (Lotte Property & Development)Lotte had planned to hold a fireworks show from Lotte World Tower in Jamsil, Seoul, in April or May, to celebrate its 51st foundation day, which falls on April 3.On April 2 last year, Lotte held a fireworks sh
March 19, 2018
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Retail industry introduces fresh foods phone delivery service: sources
Korea's retail industry is introducing quick delivery of fresh and frozen foods through phone orders, targeting single and double-income households, industry sources said Monday.Homeplus said more than 70 outlets across the country have adopted the service in which clients can buy fresh and frozen foods using their phones and have them delivered within a couple of hours.Free delivery service will be offered to customers that order at least 20,000 won ($18) worth of goods between 10:00 a.m and 5:
March 19, 2018
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Top 10 groups' income taxes hit record high in 2017
South Korea's 10 largest conglomerates paid a record amount of income taxes in 2017 as they posted strong earnings, a market tracker said Monday.The combined income taxes paid by the listed affiliates of the nation's 10 leading business groups soared 72 percent on-year to an all-time high of 17.6 trillion won ($16.5 billion) last year, according to Chaebul.com.Their pretax earnings came to 85.1 trillion won in 2017, up around 79 percent from the preceding year. (Yonhap)Samsung Electronics Co., w
March 19, 2018
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Korea orders inspection of Philips defibrillators over potential defects
South Korea’s Ministry of Food and Drug Safety has ordered a full inspection of two defibrillator models by Philips Medical Systems over concerns of potential defects. According to the ministry, the inspection concerns two defibrillator models produced and sold by the US-based medical equipment company from 2002 and 2013 -- the 861304 HeartStart FRx Defibrillator and the HeartStart HS1. The ministry has also ordered that new product usage guidelines be issued to device users.A defibrillator is a
March 18, 2018
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Fewer franchises open 24 hours in Korea
Korea has become known to global tourists as a country that never sleeps, with stores opening late into the night. But an increasing number of franchises are putting a stop to their round-the-clock services, reports said Sunday. Experts attribute the trend to increased labor costs following a hike in the minimum wage, which went into effect on Jan. 1. Fast-food chain McDonald’s has reportedly stopped 24-hours services at 10 of its stores in Korea since last December. McDonald’s Wirye Newtown bra
March 18, 2018
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[IP in Korea] Korea needs to recognize damage counterfeits bring to economy: ECCK official
Even in developed economies that uphold high standards on intellectual property -- including South Korea -- the severity of damage caused by the production and distribution of counterfeits is not to be underestimated, according to a senior official of a leading European business advocacy organization here.“Despite recent fluctuations in global ranking, South Korea offers a fairly good legal framework for intellectual property rights,” Sven-Erik Batenburg, director of legal and international affa
March 18, 2018
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Korea approves LG Chem’s Enbrel biosimilar
LG Chem, South Korea’s leading chemicals maker under the LG Group, has obtained regulatory approval to begin marketing and selling its Enbrel biosimilar in Korea. Korea’s Ministry of Food and Drug Safety on Saturday granted marketing approval for LG Chem’s Eucept, a cheaper biosimilar copy of Amgen’s blockbuster arthritis drug Enbrel (etanercept). Biosimilars refer to cheaper, near-replicas of living biologic drugs made from living cells through highly complex engineering processes, whose patent
March 18, 2018
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Posco Daewoo treats visually impaired in Uzbekistan
Posco Daewoo, the trading arm of the South Korean steel giant Posco, provided medical services for visually impaired patients in Uzbekistan, together with Vision Care, for nine days last week, the company said Sunday. Posco Daewoo provides medical services for patients suffering from vision impairments in Uzbekistan, together with Vision Care. (Posco Daewoo)Through the medial camp, some 1,800 local patients were treated free of charge, including 150 patients who received cataract surgeries and 7
March 18, 2018
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South Korea has third-highest proportion of low-paid workers: OECD
South Korea has the third-highest proportion of low-paid workers among member countries of the Organization for Economic Cooperation and Development, highlighting the need for the country to bolster its social safety net and focus on inclusive growth. The proportion of low-paid workers in Korea was 23.7 percent in 2017, the third-highest out of 26 OECD countries surveyed, following the US with 25.02 percent and Ireland with 24 percent, according to the organization’s report titled “Towards bette
March 18, 2018
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[Exclusive] Samsung, Boeing in talks for future aircraft: source
US aircraft manufacturer Boeing has been working with South Korean tech giant Samsung Electronics to incorporate high-speed mobile technology and next-generation information systems into its latest airplane models, according to a Boeing official in Seoul on Friday. “We are in works with Samsung and studying to use their technologies like mobile connectivity,” he told The Korea Herald. Boeing 787 models (Boeing)“Korea’s global leadership in high-speed mobile technology and next-generation informa
March 16, 2018
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[Weekender] How effective are weight-loss products?
Anywhere you go either online or offline, it is easy to spot advertisements for diet supplements, spewing out enticing catchphrases that with their products, one can lose their weight in a short period time.They range from subway ads of oriental medicine clinics that prescribe weight-loss herbal medicines to diet supplement ads on social media.“I have tried just about every diet pill and slimming cream available while working as a model. When I first took my herbal medicine appetite suppressant,
March 16, 2018
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[Weekender] Bad eating habits contribute to childhood obesity
Being a working mom is not easy for Lee Yeong-kyung, a mother of a 6-year-old boy. But what makes Lee lose her temper is when her son’s waistline becomes a topic of discussion.“Whenever my friends and family see my child, they say that I need to manage his weight and that friends will make fun of him,” Lee said. “I feel guilty as if I made him gain weight. I often have no time to make him balanced meals as I leave home early for work. After work, I often buy him junk food that he likes, such as
March 16, 2018
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Minister says US washers safeguard under review for WTO complaint
Korean Finance Minister Kim Dong-yeon said Friday that the government is reviewing filing a complaint to the World Trade Organization over the US’ safeguard measure on Korean washers. Regarding a new steel tariff, the minister also said it would take action in case of a failure in negotiations. “We are making utmost efforts (to deal with the issue). ... We will take actions if our demand is not met,” he said in a radio interview, without elaborating.The finance minister, however, declined to com
March 16, 2018
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Kakao names new co-CEOs
Kakao Corp., the operator of South Korea‘s top mobile messenger, KakaoTalk, on Friday named Yeo Min-soo and Joh Su-yong as its new co-CEOs. Kakao’s former CEO, Rim Ji-hoon will now act as the company‘s advisor for future strategy, the company said in a press release. The decision was made at a board of directors’ meeting held on the southern resort island of Jeju, Kakao said.Yeo Min-soo (L) and Joh Su-yong were named as new CEOs of Kakao Corp., the operator of South Korea`s top mobile messenger,
March 16, 2018
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McDonald’s to close shops at Sinchon, SNU subway stations
The McDonald’s outlet at exit 3 of Sinchon Station in Seoul will close for good next month. The specific move out date has yet to be decided, but the company said the closure was confirmed.“The decision is final. There will be no taking it back,” a McDonald’s representative familiar with the matter told The Korea Herald.The Sinchon branch served as a landmark meeting spot in the area. In the 20 years of the shop’s history since opening doors in 1998, it wouldn’t be an understatement to claim tha
March 15, 2018
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Where is SK’s W80tr investment headed?
South Korean telecom and energy giant SK Group has rolled out a plan to invest 80 trillion won over the next three years in semiconductor and renewable energy, as well as mobility and bio industries, offering a glimpse into its long-term growth strategy.SK Group Chairman Chey Tae-won outlined his plans in a meeting between Finance Minister Kim Dong-yeon Wednesday, vowing to hire 28,000 more workers during the course of the investment. Finance Minister Kim Dong-yeon (left)and SK Group Chairman Ch
March 15, 2018
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LS builds magnet wire plant in Serbia for Europe expansion
LS Group, a South Korean conglomerate, has broken ground on a new plant in Serbia to produce magnet wire targeting the European market, the company said Thursday. LS Group Chairman Christopher Koo speaks at a groundbreaking ceremony of a magnet wire plant held in Serbia on Wednesday. Essex is LS` US subsidiary. (LS Group)The project is being carried out by its US subsidiary Superior Essex. The group has invested 18.5 billion euros ($23 million) to build the plant, which will be capable of produc
March 15, 2018
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Aekyung Industry plans IPO but hurdles remain
South Korean household care maker Aekyung Industry’s has recently announced plans to go public on March 22, set to become the first company to make debut on Kospi exchange this year. According to Korea Exchange on Tuesday, Aekyung Industry’s initial public offering price was decided at 29,100 won ($27.30) per share, the lowest in the expected price band, because the company’s profit relied heavily on a single product category, cosmetics. A total of 506 institutional investors participated in the
March 15, 2018
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[Photo News] Food Delivery Robot
Food delivery robot "Dilly" (Woowa Brothers)South Korean startup Woowa Brothers, which runs food delivery app Baedal Minjok, has developed a test prototype of an autonomous delivery robot, the company said Thursday. The robot called “Dilly” can move at a speed of 4 kph and detect obstacles with a location tracing sensor. It is being co-developed with a research team from Korea University and will be commercialized in two to three years, according to the company. (khnews@heraldcorp.com)
March 15, 2018