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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[Editorial] Brace for trouble
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New Incheon airport terminal features unique duty-free shopping, good eats
The new passenger terminal at Incheon International Airport, which officially began operations Thursday, has been lauded for it high-tech, user-friendly facilities and fine collection of artworks on display, while also catering to the more everyday demands of travelers who want to shop and enjoy good food.The country's big three duty-free shop operators -- Lotte, Shilla and Shinsegae -- all have stores at the new terminal. They don't directly compete, since each is pitching a different line of p
Jan. 18, 2018
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[Photo News] Shake Shack opens world’s largest airport branch in Incheon
(Photo courtesy of SPC)The sixth Shake Shack store in Korea has opened at Incheon Airport’s new terminal. It is the largest among five other branches of the burger chain at airports worldwide. Shake Shack stores in Korea are operated exclusively by SPC Group. The new branch is located on the first basement level of Incheon Airport’s Terminal 2, slated to open Thursday. It will offer a variety of new items including Egg N’ Cheese, Shack Blended Coffee and a dessert called Fly Me to the Shack.Offi
Jan. 17, 2018
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Terminal 2 of Incheon Airport opens Thursday
Incheon Airport officially opens its second terminal Thursday, marking its first large-scale expansion in 17 years armed with smart technologies. A view of Incheon Airport’s Terminal 2 from the control tower. YonhapPassengers at Terminal 2 will be able to complete the whole check-in process in 30 minutes via a host of smart technologies, such as automated check-in services and a face-recognition system, according to Incheon Airport. In addition, larger waiting areas in the departure and arrival
Jan. 17, 2018
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Revised anti-graft law expected to boost agricultural sales: ministry
The government eased a key anti-corruption law’s limits on the value of certain gifts Wednesday, saying it hoped the change would bolster agricultural sales.“The effectuation of the revision to the enforcement ordinance of the Improper Solicitation and Graft Act is expected to bring great and positive change to agricultural and fishery industries, especially with the New Year’s holiday less than a month away,” said Minister of Agriculture, Food and Rural Affairs Kim Young-rok during a press brie
Jan. 17, 2018
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Kimchi trade deficit hits record high in 2017
South Korea‘s deficit in kimchi trade reached $47.28 million last year, up 11 percent from the year before, as cheap products from China flooded in, customs office statistics showed Wednesday.Last year’s deficit is the largest since the Korea Customs Service began to track data in 2000. Data showed that South Korea imported 275,631 metric tons of the fermented vegetables, a main side dish in Korean meals, while exporting 24,311 tons. Notably, 99 percent of the imports were from China. (Yonhap)Th
Jan. 17, 2018
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Michelin-starred chef opens restaurant at Incheon airport's new terminal
INCHEON -- A two Michelin-starred chef will open a Korean restaurant in the new passenger terminal of Incheon airport, the country's main gateway, this week, he said Wednesday.Pyunghwaok, located in the second terminal of Incheon International Airport, west of Seoul, will be unveiled to the public Thursday in line with the official launch of operations of the new terminal."The launch of Pyungwhaok embodies my goal to let the world better know about the excellence of Korean cuisine," Yim Jung-sik
Jan. 17, 2018
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Samsung to hand out free Galaxy Note 8 to PyeongChang participants
South Korean tech giant Samsung Electronics Co., an official partner for the 2018 Winter Games, said Wednesday it will hand out a special edition of the Galaxy Note 8 smartphone to athletes and officials participating in the event slated for next month.Under the plan, the company will offer 4,000 units of the Galaxy Note 8 Olympic Edition to all athletes and International Olympic Committee officials visiting the host county of PyeongChang, located 180 kilometers east of Seoul. The Winter Games a
Jan. 17, 2018
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Samsung, LG to release new AI-based air conditioners this month: sources
Korean air conditioner manufacturers will begin selling new air conditioners this month, well ahead of summer, promoting models with artificial intelligence and the Internet of Things technology, industry sources said Tuesday.IoT is a concept in which objects are connected to the Internet and identify themselves to other devices to exchange data for user convenience.LG Electronics Inc. said it will hold a session at its headquarters in Yeouido, central Seoul, on Thursday to promote 2018 models o
Jan. 16, 2018
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Hyundai workers approve 2nd tentative wage deal
Unionized workers at Hyundai Motor Co. have approved the second tentative wage deal for 2017, concluding the long-drawn-out negotiations, the carmaker's union said Tuesday. In a vote held on Monday at Hyundai's main plant in Ulsan, 414 kilometers southeast of Seoul, the 49,667-member union chose to accept the revised wage package offered by the company, a union statement said. In this photo taken on July 13, 2017, unionized workers at Hyundai Motor`s Ulsan plants vow to go on strike if wage tal
Jan. 16, 2018
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Starbucks Korea's operating profit tops W100b in 2017
The annual operating profit of Starbucks Coffee Korea Co., the local unit of the US giant, surpassed the 100 billion-won ($94 million) mark for the first time last year, driven by solid demand from young consumers, industry sources said Tuesday.The operating profit of the coffee chain, which is run by South Korean retail conglomerate Shinsegae, was estimated at 110 billion won last year, according to the sources. Sales were estimated to have reached 1.2 trillion won. This file photo, taken Dec.
Jan. 16, 2018
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Six in 10 part-timers favor ‘no-kids’ zone: survey
About 64 percent of part-time staffers at eateries in Korea were in favor of banning customers accompanied by children from the premises, a recent survey showed. (The Korea Herald)According to the survey conducted by Albamon, a part-timer recruiting website, about 64 percent of 1,268 part-timers at eateries supported a “no-kids policy.”More than 84 percent of the respondents said they had experienced inconvenience due to children.South Korea has seen a growing number of child-free venues in rece
Jan. 15, 2018
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Samsung BioLogics says 4th plant production plans ‘still under review’
Samsung BioLogics said Monday that its plans to build a fourth biologics production plant are “still under review,” and that its main focus at present is securing sufficient orders for its third plant, which is slated to begin commercial production in 2020. The company has yet to set a concrete timetable for its plant expansion and will have to review market conditions before confirming the construction of a new plant, the company said.The statements followed remarks made by Samsung BioLogics CE
Jan. 15, 2018
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Posco’s Indonesia steel mill sees first surplus in four years
Posco’s steel mill in Indonesia, Krakatau Posco, posted its first surplus last year, selling an accumulated 10 million metric tons, the company said Monday. Krakatau Posco opened in 2014 is Southeast Asia’s first-ever integrated steel mill, with production capacity of 3 million tons.Posco and Indonesia’s state-run Krakatau Steel had invested 70 percent and 30 percent, respectively, in the steel mill. Front view of Krakatau Posco (Posco)Posco sold some 1.7 million tons of steel made at Krakatau P
Jan. 15, 2018
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[Photo News] Expanding Korea-India pharmaceutical business ties
KOREA-INDIA PHARMA PARTNERSHIP -- Indian Chamber of Commerce in Korea Chairman Vasudev Tumbe (left) and Korea Pharmaceutical and Bio-Pharma Manufacturers Association Vice President Lee Seoung-Kyou (center) pose after signing a Memorandum of Understanding. Under the MOU, the two entities plan to facilitate knowledge exchange, conduct market research, plan related policies, co-host workshops and exhibitions and create business and investment opportunities, the KPBMA said. (KPBMA)
Jan. 15, 2018
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Korea to launch shopping fest for foreigners this week
South Korea will begin a nationwide shopping festival for foreign tourists this week as part of its efforts to boost interest in next month's Winter Olympics, which will be held in the country's alpine resort town of PyeongChang, organizers said Monday.The Korea Grand Sale 2018 will kick off Thursday for a 42-day run throughout the country, providing foreigners with discounts on a variety of options, ranging from flight tickets to accommodations, tourist sites and restaurants, the Visit Korea Co
Jan. 15, 2018
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WTO's ruling on US anti-dumping duties on Korean steel pipes finalized
The World Trade Organization's ruling against the United States over the country slapping anti-dumping duties on steel pipes has been confirmed, Seoul's trade ministry said Monday.In July 2014, the US Commerce Department levied 9.9 percent to 15.8 percent anti-dumping duties on oil country tubular goods imports from South Korean steelmakers, such as Hyundai Steel, Nexteel, Seah Steel Corp. and Husteel.OCTG is one of the fastest growing sectors in the pipelines market, and South Korean producers
Jan. 15, 2018
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[Newsmaker] Samsung starts producing washing machines in US
Samsung Electronics announced Sunday it has kicked off commercial production of its first US-based home appliance manufacturing facility in Newberry County, South Carolina, a move that hopes to reduce the burden of possible punitive tariffs by the US trade authority. The company held a ceremony in Newberry to celebrate the official launch of the first US factory Friday. The event was attended by Samsung’s consumer electronics division President Kim Hyun-suk, South Carolina Gov. Henry McMaster an
Jan. 14, 2018
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Posco Daewoo to expand SMEs project with Incheon
Posco Daewoo, a trading firm dealing with a range of products including steel, automotive components and machinery, has signed a memorandum of understanding with Incheon Metropolitan City and the city’s commerce body to expand distribution platforms for small and mid-sized exporters, the firm said Sunday.By opening the second showroom for Korean products in Chengdu, China, Posco Daewoo will present, promote and support exports of products manufactured by SMEs based in Incheon, the company said.
Jan. 14, 2018
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US beef imports surpass $1b mark last year: data
South Korea's US beef imports surpassed the $1 billion mark for the first time ever in 2017, official government data showed Sunday, fueled by rising consumer demand.According to the Korea Customs Service, beef imports hit an annual record of $1.09 billion in the January-November period. This already surpassed the $966.9 million worth of US beef imported for the whole of 2016, and is the highest tallied since 2000 when the country started to keep records of imported beef.Last year's figure did n
Jan. 14, 2018
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China's social commerce startup reaches out for S. Korea
When Miranda Qu established Xiaohongshu five years ago, she did not imagine the online community for shopping tips would turn into an e-commerce platform with more than 75 million registered users."E-commerce business was not part of our original plan, but it did not take much time for us to realize that our users wanted to make purchases on our site after checking out shopping information," Qu said during an interview with Yonhap News Agency on Thursday.Xiaohongshu users share their shopping ex
Jan. 14, 2018