Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Man escapes DUI charges by downing bottle of soju while pulled over
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Pay debate plagues foreign nanny pilot
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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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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[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Controversial cult leader’s sentence reduced to 17 years
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Delay of ballast water convention has contrasting effect
South Korea's shippers and shipbuilders reacted differently Wednesday to a decision by the International Maritime Organization to delay the implementation of a ballast water convention. (Yonhap)The IMO's marine environment protection committee last week postponed the International Convention for the Control and Management of Ships' Ballast Water and Sediments, or the BWM Convention, for two years. The pact will go into effect in 2024 instead of 2022.The convention requires all vessels plying in
July 12, 2017
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Hyosung ITX partners with Huawei for local IT market
Hyosung ITX, an information technology unit of Hyosung, said Monday it partnered with Chinese tech giant Huawei to speed up penetration of the Korean tech market. The local firm said it signed with Huawei to become its official sales partner for IT products, including server, storage and network solutions. “We hope to create synergies from Hyosung ITX’s wide sales network and Huawei’s globally proven technologies. Through the partnership, we will expand the IT total service market by exploring p
July 11, 2017
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New ICT minister faces mounting challenges
Yoo Young-min has been formally appointed as the head of the Ministry of Science, ICT and Future Planning, taking on the difficult tasks of restoring the organization’s governance leadership, finding the country’s next growth engines and easing a conflict with telecom companies. President Moon Jae-in approved the appointment of the new minister Tuesday.Yoo served as an executive of LG Electronics, vice president of LG CNS and chief operating officer of Posco ICT. He replaced Choi Yang-hee, who h
July 11, 2017
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Shinsegae enters soju market with ‘Pureunbam’
Retail giant Shinsegae said Tuesday that its affiliate Jeju Soju will be releasing a new brand of soju called “Pureunbam,” marking the group‘s entry into the market.The name “Pureunbam,” literally meaning “Blue Night,” was chosen because it reflected images that are often associated with the southern island of Jeju such as tranquility and purity. Promotional image for Shinsegae‘s upcoming soju brand “Pureunbam” (Shinsegae)The company said that it has created a “new recipe utilizing Jeju's clear,
July 11, 2017
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Starbucks expand range of exclusive Jeju products
Starbucks Korea said Tuesday that it will be introducing nine new products exclusively at 15 stores in Jeju, made with specialty products from the southern island. Starbucks’ new Jeju Hallabong Green Tea Sherbert, available exclusively at 15 stores in Jeju (Starbucks)The products include drinks such as Jeju Hallabong Green Tea Sherbert and Jeju Summer Lemonade, as well as food such as the Jeju Tangerine Cheesecake.They were developed based on an analysis of big data, according to the company. Cu
July 11, 2017
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Lotte Chemical Titan listed in Malaysia
Lotte Chemical Titan went public on the Malaysian stock market, creating a foundation for the global operations of Lotte Chemical, according to the company Tuesday.The listing included 2.38 billion shares including 580 million new shares, with a retail price of MYR6.5 ($1.51) per share. Lotte Group Chairman Shin Dong-bin (Lotte)LC Titan is the first affiliate under the Lotte umbrella to be listed in Southeast Asia.The initial share price was lower than the MYR8 that had been initially expected a
July 11, 2017
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Incheon Airport creates world’s first airport alliance
Incheon International Airport Corp. said Tuesday that it had created a cooperative alliance with two European airline groups, the first of its kind.Incheon Airport, Dutch company Royal Schiphol Group and the French Groupe ADP created the Leading Airport Alliance, modeled after alliances between airlines such as Skyteam, which houses Korean Air and the Star Alliance, home to Asiana Airlines.The three airport companies have been sister airports since 2011 and strategic partners since 2014. With th
July 11, 2017
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Businesses vow reform, fair trade ahead of meeting with Moon
Korean conglomerates on Tuesday said they would become more socially responsible by seeking voluntary reform, as they prepared for their first meeting with President Moon Jae-in this summer organized by the Korea Chamber of Commerce and Industry.The top 15 businesses here agreed to seek ways to expand fair and transparent partnerships with small and medium-sized companies in a meeting hosted by the KCCI amid growing calls for chaebol reform and fair trade.To restore their reputations, which were
July 11, 2017
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Medytox CEO to meet Allergan to discuss start of phase 3 trials of Innotox
Medytox CEO Jung Hyun-ho is slated to meet with executives at Allergan to discuss the start of phase 3 clinical trials of its liquid-type botulinum toxin Innotox this week, according to local news reports Tuesday. Medytox and Allergan struck a license partnership in 2013, when the Seoul-based company sold the global development and commercialization rights to Innotox to Allergan for $360 million.Jung’s recent visit to the US is aimed at cementing a concrete timetable for the US clinical trials o
July 11, 2017
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Korean auto parts firms can be competitive in Iran, Russia, India: experts
South Korea will soon be able to emerge as a major provider of auto parts in Iran, Russia, India and Mexico where local players are having a difficult time meeting growth in the automobile market, industry sources said Tuesday.The emerging economies have yet to establish an efficient system for supply and are undergoing rapid growth in consumer demand, Park Jun-young of Sambo Motors said at a forum at the Convention and Exhibition Center in southeastern Seoul organized by the Korea Trade-Investm
July 11, 2017
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Korean tiltroter successfully completes takeoff, landing on ship
South Korea's locally developed unmanned tiltrotor aircraft successfully took off and landed on a vessel, the state-run aerospace institute said Tuesday.The Korea Aerospace Research Institute said the 200-kilogram TR-60 unmanned aerial vehicle successfully completed the maneuver from the flight deck of a Coast Guard cutter sailing at 10 knots last Friday. (Photo courtesy of the Korea Aerospace Research Institute) (Yonhap)The TR-60 can be used for surveillance, as well as search and rescue opera
July 11, 2017
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Korea's tallest building draws over 10m visitors in 100 days
The number of visitors at the country's tallest skyscraper built by retail giant Lotte Group has recently topped the 10 million mark, its operator said Tuesday, marking the 100th day of the building's opening.The 123-story Lotte World Tower, which opened in early April, had a daily average 120,000 visitors, according to Lotte. This undated photo provided by Lotte Corp. on July 11, 2017, shows the 123-story Lotte World Tower in Seoul. (Yonhap)The sales at the larger shopping complex encompassing
July 11, 2017
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Samsung hosts foundry forum, unveils vision
Samsung Electronics on Tuesday hosted a forum on its foundry business, inviting local partners and sharing its vision on the segment.During the Samsung Foundry Forum Korea 2017, the company expanded ties with business partners amid rising demand for chips in line with the development of the Internet of Things, automotive and artificial intelligence industries. (Yonhap)Samsung said its production based on the 10-nanometer technology is stable, and it is currently preparing to take steps toward 7-
July 11, 2017
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LG Electronics showcases mid-end Q6 smartphone
LG Electronics on Tuesday showcased the LG Q6 smartphone, which boasts key high-end features adopted by flagship devices and yet comes with a reasonable price tag.The South Korean tech giant introduced the Q6 and Q6 Plus, which have internal storage capacities of 32 gigabytes and 64 GB, respectively. (Yonhap)Both devices come with a 5.5-inch "Full Vision" display, which was also adopted by the 5.7-inch flagship G6 smartphone. The company said the Q6 will come with a wide-angle camera at the fro
July 11, 2017
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Doosan Infracore faring well in China's excavator market
Doosan Infracore, South Korea's top construction equipment maker, is witnessing robust sales in China's excavator market as the world's No. 2 economy increased spending on infrastructure, industry sources said Tuesday.According to the data provided by KB Securities, a total of 62,617 excavators were sold in China in the first five months of the year, more than doubling from a year earlier. (Yonhap)In the case of Doosan Infracore, the company saw its excavator sales reach 5,329 units during the c
July 11, 2017
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McDonald‘s Korea says patties are not made with intestines
McDonald’s Korea responded to growing fears that its patties may cause renal failure with an official statement Monday.“The patties involved in the recent controversy are not made with beef but with Korean pork, and are cooked in facilities that follow government HACCP guidelines,” the company said. A McDonald's store in Seoul (Yonhap)“Some claim that the ground meat in the patties include intestines, but none of our company‘s patties use intestine meat.”The company is currently facing a lawsui
July 10, 2017
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Lego embraces digital age in Korea
Denmark-based toy company Lego is bringing its plastic brick toys into the digital era with the introduction of an online social media platform and programmable Lego sets.“We see digitalization as a great opportunity,” said Lego Korea General Manager Michael Ebbesen at a press conference at the Four Seasons Seoul on Monday, saying that the company‘s toys were not endangered by children’s growing preferences for digital entertainment. Lego Korea General Manager Michael Ebbesen speaks to reporters
July 10, 2017
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Government to inspect safety of heat-not-burn tobacco system
Korea’s Food Safety Ministry is set to inspect the safety of IQOS, the heat-not-burn tobacco product by Marlboro maker Philip Morris International, according to the ministry Monday.The study, to begin in August, is intended to produce an objective analysis of the health risks posed by using PMI’s IQOS system, focusing on the levels of nicotine and tar delivered by the tobacco sticks, according to the ministry. The IQOS heat-not-burn tobacco system by Philip Morris International (Philip Morris Ko
July 10, 2017
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Hyundai offers gourmet restaurant info in navigation system
Hyundai Motor and its sister company Kia Motors said Monday that drivers of their cars will be able to use a voice recognition service to find gourmet restaurants. The owners of Hyundai and Kia vehicles with a built-in navigation system can download the updated content starting Monday, Hyundai Motor Group said in a statement. In a business tie-up with Siksin, a local gourmet restaurant information provider, the carmakers have added the information of 4,400 restaurants across the country into th
July 10, 2017
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LG OLED TVs win positive responses in Europe
LG Electronics said Monday its high-end organic light-emitting diode TVs have won positive responses from European industry trackers.The South Korean tech giant said the LG OLED TVs topped evaluations conducted by top consumer agencies from Spain, the Netherlands, Sweden, Belgium and Portugal. (Yonhap)LG Electronics said European consumer magazines, including Spain-based OCU, the Netherlands-based Consumentenbond and Sweden-based Rad&Ron, all named the LG OLED TVs as the best-performing products
July 10, 2017