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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Korean bands get their day in the sun, finally
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Hyundai Steel develops road-surfacing material
Korea’s second-largest steelmaker Hyundai Steel succeeded in developing an environment-friendly road-surfacing material using slag for the first time in the country, the company said Sunday. The steelmaker said it finished the quality review of FerroPhalt, made with slag, a glass-like byproduct of metal smelting. While slag has only been used in construction of buildings so far, the new product will be able to replace asphalt or concrete paving, the company said. Compared to traditional natural
Oct. 30, 2016
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[Herald Interview] Korea needs to better protect intellectual property against illicit trade: experts
South Korea needs to ramp up its efforts to protect intellectual property rights in its combat against illicit trade, two experts who came to Seoul to attend the 2016 Korea-EU Intellectual Property Rights Conference, hosted by the European Chamber of Commerce in Korea, told the Korea Herald earlier this month. A team led by Chris Clague, senior editor of the Economist Intelligence Unit (EIU), had published the Illicit Trade Environment Index prior to the event hosted by the European Chamber of
Oct. 30, 2016
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Pilot error blamed for Korean Air flight skidding off Guam runway
South Korean investigators said Sunday that pilot error was blamed for a Korean Air flight sliding off the runway while landing at Guam International Airport last year.Korean Air Flight 2115 skidded off the runway during heavy rains caused by a typhoon and hit a patch of grass before steering back onto the runway and coming to a stop in the early morning on July 5 last year.The accident caused damage to the left engine and fuselage of the Boeing 737-800, as well as runway lights, said a report p
Oct. 30, 2016
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Sales at department stores rise in Sept.
Sales of South Korea's major department stores rose in September thanks to the Chuseok holidays, government data showed Sunday.The combined sales of three department stores -- Hyundai, Lotte and Shinsegae -- gained 4.1 percent on-year last month, according to the data compiled by the Ministry of Trade, Industry and Energy.Their sales of female apparel jumped 15.5 percent on-year to lead the rise on increased holiday shoppers for Chuseok, the Korean equivalent to Thanksgiving in the United States
Oct. 30, 2016
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Companies deny links to Choi scandal
South Korean conglomerates on Thursday denied speculations of their involvement in a raging scandal surrounding President Park Geun-hye’s confidante, amid rising concerns on its ramifications on the entire business industry.There have been growing suspicions that Choi Soon-sil, a longtime friend of President Park, or her associates might have had secret connections with the businesses in exchange for favors.At the center of the alleged connection is the nation’s largest business lobbying group,
Oct. 30, 2016
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Hyundai E&C wins contract worth W833b from Saudi Arabia
Hyundai Engineering and Construction obtained an order to build a gas treatment plant worth 833 billion won ($727 million) from Saudi Arabia’s state-run oil company Saudi Aramco, the company said Friday. The photo shows the construction site of the gas treatment facility that Hyundai E&C built in Karan, Saudi Arabia, in 2012. (Hyundai E&C)The plant, planned to be built in Usmania, 325 kilometers east of the capital Riyadh, will be used for separating and collecting natural gas fractions such as
Oct. 28, 2016
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[Weekender] Businesses tap into Halloween fever in Korea
Less than a decade ago, Halloween was nothing more than a fancy-dress party known to Koreans through Hollywood movies. Now, it’s common to see people here donning masks and capes and stores promote Halloween-themed treats throughout October.The festive holiday has become a marketing dream here and everyone is keen to get their share. Models present various Halloween-themed products at Lotte Mart in Guro, Seoul. (Lotte Mart)Irene Park, 28, is planning to dress up as Alice from “Alice‘s Adventures
Oct. 28, 2016
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S. Korea urged to prepare for fourth industrial revolution
The manufacturing-reliant Korean economy should brace for wider disparities in jobs and wages amid the nearing digital revolution, experts said Friday. Insights and policy suggestions came at an international conference on the fourth industrial revolution in Seoul, organized by the Institute for Global Economics. Industry experts discussed how a paradigm shift in the industrial sector is boosted by cloud computing and big data analysis in production, management and governance.Carl Benedikt Frey,
Oct. 28, 2016
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Germany's Miele refutes LG's claim of alleged patent infringement
German appliance maker Miele said Friday its steam washing machines do not infringe patents issued by LG Electronics Inc., refuting the infringement claim by the South Korean electronics maker. The response by Miele came about a week after LG demanded Miele stop using the technology it created for steam washing machines and take amicable action to resolve the matter. In a statement, Miele denied an "unauthorized use of patents registered by a third party," arguing that it has its own patents for
Oct. 28, 2016
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OB announces first beer price hike in four years
Oriental Brewery (OB) Co., South Korea's largest brewer, said Friday it will raise beer prices by an average of 6 percent starting next month. It is the first time for the brewer to adjust prices since August 2012.OB said the prices of its major beer brands, including Cass, Premier OB and Cafri, will go up by an average of 6 percent and has notified wholesalers and large discount stores. Under the new policy, the factory price of a 500-milliliter bottle of Cass will rise from 1,082 won ($0.95) t
Oct. 28, 2016
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Samsung Heavy wins 200 bln-won order for 3 tankers
Samsung Heavy Industries Co., a leading South Korean shipbuilder, said Friday it has clinched a 200 billion-won ($170 million) deal to build three tankers.Under the agreement with Nordic American Tankers Ltd., a Norwegian shipper, it will construct three Suezmax oil tankers of about 157,000 deadweight tons (DWTs) to be delivered in 2018.It's expected to give another boost to the shipyard striving to weather the yearslong industrywide slump.Samsung secured a contract to build two LNG carriers in
Oct. 28, 2016
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Bidders pull out of McDonald's Korea sale
US fast food giant McDonald's is having difficulties finding a buyer of its Korean unit as Maeil Dairies Industry Co., the last remaining bidder, has dropped its bid, according to industry officials Friday. McDonald's, which directly manages about 400 stores in South Korea, has been looking for local partners to run them as franchise stores that pay annual commissions instead. The deal initially drew interests from several investors, including CJ and NHN Entertainment, but they have nixed their
Oct. 28, 2016
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[ADVERTISING AWARDS] Advertisements, power to open consumers' wallets
By Park Heung-sooProfessor of School of Business at Yonsei UniversityAdvertisement is an act of delivering information on an idea, a product or a service to target consumers using media. In times when the economy faces a dry spell, a company often considers reducing the budget for advertisements foremost. It is because for the business, advertisements do not bring immediate or numerical returns on the investment. However, advertisement is a channel through which a company can communicate with co
Oct. 27, 2016
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[ADVERTISING AWARDS] KT's 'Fist Bump' campaign draws GiGa users
By Hong Jae-sang Senior vice president of Marketing Group at IMC Business Unit of KT KT has been rolling out various market activities, including printed advertisements, throughout this year to communicate with consumers. These efforts are now being recognized by many of our customers. KT believes that users of GiGA LTE and GiGA internet services by KT helped usher in the era of GiGA networks in South Korea.Hong Jae-sangIt has been our consistent message that KT, the nation’s leading mobile carr
Oct. 27, 2016
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[ADVERTISING AWARDS] Coway aspires to go beyond water, into 'life care'
By Yong-Joo ParkMarketing general manager at CowayCoway wants to go beyond being a water care company to become a “life care” company. As such a company, Coway helps foster a clean environment by nurturing healthy habits through customized care of the air, the body and sleep to improve the quality of customers’ lives and maximize their happiness. That is why Coway has established a company vision: Coway equals a life care company.Park Yong-jooTo share our new vision with customers, Coway has bee
Oct. 27, 2016
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[ADVERTISING AWARDS] New LG Signature line infused with nature
By Han Woong-hyunVice president of Korea Brand Communication Function Division at LG ElectronicsLG Electronics strives to offer its customers better value while leading the market with innovative products. That’s why the company’s new brand, LG Signature, has set out a new vision for the future of home appliances. LG Signature is an integrated brand of ultra-premium home appliances. It was built on the three core principles of technological innovation, user-friendly refined design, and an intuit
Oct. 27, 2016
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[ADVERTISING AWARDS] SK ad links brand with contemporary art
By Lee Chang-hoonPL/Brand management at SK HoldingsAs media consumers are increasingly exposed to floods of information, advertisers are doubling their efforts to catch their attention in the severely competitive ad market. One effective way to differentiate from other brands is to help consumers associate the brand with art. By linking the brand with an excellent piece of art, the advertisement can improve the brand’s credibility and consumer trust.This year, SK Holdings sought collaboration wi
Oct. 27, 2016
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[ADVERTISING AWARDS] Pigeon to uphold identity as safe, eco-friendly brand
By Hwang Jai-gyuDirector of Marketing Public Relationship at Pigeon Pigeon Corporation is delighted to be recognized for its advertisement which emphasizes the firm’s dedication to creating products that protect the environment and ensure consumer safety. As a pioneer in South Korea’s household products market, Pigeon developed the country’s first-ever fabric softener. It has also been engaged in continuous efforts to create products that prioritize nature as well as consumer safety.Hwang Jai-gy
Oct. 27, 2016
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[Super Rich] Top conglomerates spend big on business deals
Since 2012 South Korea’s top 10 family-controlled conglomerates have spent more on gifts and entertainment to secure business deals than on marketing, according to their balance sheets.The data, which was compiled by the Superrich Team, revealed that out of the 584 affiliates under the 10 conglomerates, 456 companies released regulatory filing showing that they spent more than 30 trillion won on gifts or entertainment.The spending refers to all expenses on gifts and entertainment for the purpose
Oct. 27, 2016
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Power providers launch sustainability alliance
Korea’s major power organizations have launched an association to promote sustainable energy, it was announced Thursday. A total of 19 organizations, including Korea Electric Association, Korea Electrical Contractors Association, formed the Sustainable Power Policy Association to contribute to the moves to curb climate change. Comprised of a top committee, a consultative body and expert committee, the newly-launched organization will run as a voluntary policy body for electricity measures. Han D
Oct. 27, 2016