Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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Can Jennie break the K-pop solo artist slump?
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Firefighters’ 3,000 won meals spark nutrition concerns
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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Virtual reality producer Mooovr to set up VR production equipment for Pyeongchang Winter Olympics
A new trend in professional baseball in Korea is the use of VR technology to film and broadcast baseball games. By setting up multiple VR cameras near home plate, first base, and third base, important moments of baseball games can be captured from several angles and broadcast live. The video stitching technology that allowed the baseball games to be filmed and viewed from diverse angles was developed by Mooovr (CEO Rachel Kim), a VR solution provider. Stitching is a technology that “stitches” to
May 19, 2016
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Eco-friendly design forum to open in Naju
Architectural design experts will gather in Naju, South Jeolla Province, to attend the eco-friendly design symposium, which kicks off on Friday under the theme “Healthy, Smart, Zero Energy Housing.”The conference is co-organized by the Korea Green Building Council and the Gwangju regional arm of the Architectural Institute of Korea. “The symposium will be a venue where experts talk about the direction of future eco-friendly architecture and smart cities,” said a KGBC spokesperson Around 500 spec
May 19, 2016
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Philips enhances CT System at Seoul National University Hospital
Philips Korea, the local unit of the health technology firm based in the Netherlands, said Wednesday it had installed its first spectral detector-based computed tomography at Seoul National University Hospital. According to the firm, the installed CT system “IQon Spectral CT” is the first commercial installation in Asia. The company said it would strengthen diagnostic and treatment capabilities of the hospital. IQon Spectral CT System installed at Seoul National University Hospital (Philips Kor
May 19, 2016
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Korea to set aside W2tr for new energy business
State-run Korea Electric Power Corp. will set aside 2 trillion won ($1.6 billion) to create a fund for backing new energy businesses, the government announced Thursday. “Korea needs to make bold investments and purse technology development in new energy businesses in a bid to create the nation’s new growth engine and respond to climate change,” said Kim Sung-yeol, chief of electricity promotion division at the Ministry of Trade, Industry and Energy. (Yonhap)The active role of KEPCO -- which is r
May 19, 2016
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Golden Blue presents Korea’s first white whisky
Whisky manufacturer Golden Blue has released Korea‘s first blended white whisky.Called “Phantom the White,” the white whisky was developed by Golden Blue over 3 1/2 years. It was blended by English blender Norman Mathison using a 100 percent Scottish whisky base.Models pose with Golden Blue‘s “Phantom the White.” (Golden Blue)The blended whisky is put through a compound filtering process to remove the brown color and leave a clear spirit, according to the company.Golden Blue said that unlike oth
May 19, 2016
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LG Household claims safety of its humidifier disinfectant
LG Household & Health Care, South Korea’s leading maker of household goods, said Wednesday that its humidifier disinfectant sold back in the late 1990s did contain potentially harmful chemicals, but that they were used in small amounts that would not cause damage. Earlier in the day, local news agency Newsis had reported that LG’s “119 Humidifier Disinfectant” product sold from 1997 to 2003 had contained benzalkonium chloride (BKC) a toxic substance that can be fatal when ingested.According to t
May 19, 2016
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Make-or-break negotiations continue at shipper HMM
Hyundai Merchant Marine is putting all its efforts in last-ditch negotiations with foreign shipowners to cut leasing fees as the heavily indebted shipper is desperate to avoid court receivership.Korea’s second-largest shipping operator is facing a tentative deadline Friday set by the government, which has threatened to put the firm under court receivership unless it successfully completes negotiations with shipowners to cut charter rates by 28-30 percent.HMM’s conference call with bulk charterer
May 19, 2016
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Court receivership inevitable for Hyundai Merchant without charter rate cut: finance minister
Korea's chief economic policymaker Thursday reaffirmed his stance that the only option left for troubled Hyundai Merchant Marine will be court receivership unless the shipper strikes a deal with the owners of its chartered ships to cut lease rates.Last month, the creditors gave the nod to the financially troubled Hyundai Merchant's self-rescue plans, including asset sales, on the condition that it should complete renegotiations with the owners of chartered ships to lower their charter rates by 2
May 19, 2016
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Mass market, Macau’s new target
MACAU -- Pinched by a prolonged economic slowdown as well as toughened regulations by authorities in mainland China, Macau, Asia’s largest gaming market, has been in a downward trend for the last two years. Its revenue dropped by 34 percent last year. The numbers of visitors -- both from the mass and VIP market -- declined, raising concerns of stakeholders in the region about its sustainability.G2E Asia participants look around the event venue inside the Venetian Hotel in Macau on May 17. (G2E A
May 19, 2016
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Enhancing consumer goods, service sectors needed to boost growth
It seems only a matter of time for Korea’s economic policymakers to revise down the country’s growth target for this year below 3 percent. This downward revision may come next month when the Ministry of Strategy and Finance announces directions of policies to be pursued in the latter half of the year.The Organization for Economic Cooperation and Development this week cut its 2016 growth forecast for Korea to 2.7 percent from 3.1 percent, citing sluggish global trade and a slowdown in China. It w
May 19, 2016
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[Herald Interview] Christine Cho’s vegan classics come alive in new cookbook
Herald Corp.’s organic food developer Organica has released a new cookbook featuring 40 vegan and raw food recipes penned by its head chef Christine Cho. “When I came (to Organica) last June, we started the blog Christine’s Vegan Kitchen. The recipes started to grow, and we thought we wanted to share them in a book form,” Cho told The Korea Herald in an interview on Wednesday. According to Cho, “Organica Vegan Kitchen” is a guide for Koreans who want to pursue a healthy vegan diet, but do not kn
May 19, 2016
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90% of industry groups see overcapacity
Ninety percent of industry organizations see their areas of business running at overcapacity, a survey showed Thursday, mostly from competing nations entering the local market.The survey conducted by the Federation of Korean Industries (FKI) took answers from 30 organizations by industries, including construction, automobiles, shipbuilding, steel and textiles. Results showed 27 groups responding that the key products in their industries were in excess supply. Federation of Korean Industries (Y
May 19, 2016
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Shipbuilders pull out of wind power biz amid slump
South Korea's major shipbuilders are pulling out of wind power generation projects as they are reeling from massive losses and a drawn-out slump in the global economy, industry sources said Thursday.Since 2009, local shipyards, led by Hyundai Heavy Industries Co., have been tapping the alternative energy business sector as part of efforts to diversify their business portfolios.But lower oil prices and mounting losses stemming from their mainstay business are forcing them to close down the loss-g
May 19, 2016
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Mass market, Macau’s new target
MACAU -- Pinched by a prolonged economic slowdown as well as toughened regulations by authorities in mainland China, Macau, Asia’s largest gaming market, has been in a downward trend for the last two years. Its revenue dropped by 34 percent last year. The numbers of visitors -- both from mass and VIP market --declined, raising the concerns of all stakeholders in the region about its sustainability. G2E Asia participants look around the event venue inside the Venetian Hotel in Macau on May 17. (
May 18, 2016
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Bakery firm seeks to register DNA of indigenous yeast
The SPC Group, a leading Korean food company, is working to register the genome of its newly-developed yeast for bread with a U.S. database, company officials said Wednesday.Last year, the bakery giant, which runs bakery brand Paris Baguette, developed the indigenous yeast, "SPC-SNU 70-1," for baking bread, and succeeded in mass commercialization. The company and the nation's top-notch Seoul National University jointly developed the yeast after 11 years of research.So far, most local companie
May 18, 2016
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[Newsmaker] Dongbu Group chief faces insider trading probe
Korea’s financial watchdog said Wednesday it is likely to report steel-making giant Dongbu Group founder and chairman Kim Jun-ki to the prosecution for insider trading charges.“The authorities have been looking into stock trading records of the tycoon to figure out whether he conducted unfair transactions based on insider information about faltering Dongbu Engineering & Construction,’’ an official from Financial Supervisory Service said, adding the case will be referred to the prosecution if the
May 18, 2016
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Korean hypermarket giants slapped with W24b fine
Korea’s top three hypermarket chains were slapped with a combined record-high fine of 23.89 billion won ($20.2 million) by the nation's antitrust agency Wednesday for violations of retail transaction regulations. Homeplus, E-mart and Lotte Mart were fined for failing to comply with orders to correct practices such as unilateral deductions on payments made to suppliers, unpaid use of supplier employee labor, unfair division of labor costs, among other actions, the Fair Trade Commission said in a
May 18, 2016
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Shinsegae opens duty free in Myeong-dong, Doosan to follow
Shinsegae opened its Seoul duty-free outlet in the heart of the tourist district Myeong-dong on Wednesday, ahead of Doosan’s outlet set to open Friday.Located on the eighth to 12th floors of the Shinsegae Department Store, the sprawling duty-free store opened with about 600 brands including luxury brands like Gucci, Saint Laurent and Bottega Veneta. Shinsegae DF CEO Sung Yong-mok speaks to reporters at the Westin Chosun Hotel in Jung-gu, Seoul, on Wednesday. (Yonhap)The company has yet to bring
May 18, 2016
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Consumers, companies press gov't for guidelines on household chemicals
Demand is growing from the public and corporations for the government to set a definitive guideline and regulations on household chemicals as fear deepens over their untested toxicity.The government on Tuesday announced that air and fabric freshener brand Febreze, manufactured by P&G Korea, is safe to use. P&G Korea air and fabric freshener brand Febreze (Yonhap)Consumers alarmed by the death-causing biocides in humidifier disinfectants had raised suspicions about the brand, forcing the environm
May 18, 2016
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Daewoo Shipbuilding workers protest restructuring moves
Workers at the troubled Daewoo Shipbuilding & Marine Engineering are crying foul over heightened pressure from the government and its creditors to further cut jobs and sell more assets, industry sources said Wednesday.Daewoo Shipbuilding has been implementing large-scale self-restructuring measures since last year, including layoffs of 2,300 workers and asset sales, in return for financial assistance from its creditors led by state-run Korea Development Bank.But its creditors and the financial a
May 18, 2016