Most Popular
-
1
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
2
S. Korea, Singapore seal supply chain agreement
-
3
Korean language teaching expert says demand has outstripped supply
-
4
Korea added to key bond index
-
5
Conscripting women to lead to 'more babies,' claims military think tank
-
6
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
7
North Korea notifies UN Command of plans to fortify border with South
-
8
Taking away phones during school hours not a human rights violation: watchdog
-
9
Who is pollster roiling politics with claims of government string-pulling?
-
10
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
SK Networks, Bow Capital to invest in startups together
SK Networks' US investment subsidiary, Hico Capital, announced Wednesday that it will pursue a partnership with global venture capital firm Bow Capital as part of efforts to nurture promising startups and bet on their growth potential. The latest partnership comes after their top executives, including SK Networks President and Chief Operating Officer Choi Sung-hwan and Bow Capital Chairman Vivek Ranadive, held a meeting in Silicon Valley on Tuesday (local time). During the meeting, the two
May 31, 2023
-
AmCham hosts ESG seminar to share insights
The American Chamber of Commerce in Korea hosted the AmCham ESG Seminar 2023 on Wednesday to provided a platform for attendees to discuss the latest trends and best practices related to environmental, social and governance issues. "In light of AmCham's mission to establish Korea as a regional headquarters in the Asia Pacific, we recognize the immense potential of ESG in driving innovation and value creation for Korea," AmCham CEO James Kim said during the seminar held at the Four
May 31, 2023
-
Merck introduces enhanced barrier materials for OLED
Merck said Wednesday it introduced new barrier materials that offer superior flexibility, higher reliability and longer lifespan in flexible OLED devices, when compared to existing solutions. Fully flexible OLED displays utilized in foldable, rollable and stretchable devices require a reduction of about 60 percent of the display module’s thickness when compared to standard displays. But because OLEDs are highly susceptible to degradation by moisture and oxygen, an encapsulation or barrier
May 31, 2023
-
Naver downed by traffic surge after NK launch
The mobile webpage of Naver, South Korea’s largest online portal, suffered a brief service disruption early Wednesday after North Korea launched what it called a military reconnaissance satellite. According to Naver, its the server went down for about five minutes, from 6:43 a.m. to 6:48 a.m. due to high traffic, soon after the Seoul Metropolitan Government issued an emergency alert text message urging people to prepare for evacuation at 6:41 a.m. The message said the city government had i
May 31, 2023
-
Can KakaoBank pioneer global expansion?
KakaoBank, the largest internet-only bank in South Korea, hopes to replicate its domestic success in overseas markets, aiming to become the first Korean internet-only bank to pioneer international expansion. Having built a substantial user base since its launch in 2017, the largest internet-only bank in South Korea has demonstrated the benefits of branchless banking to financial consumers in the country. Led by CEO Yoon Ho-young, who secured his fourth two-year term in March, KakaoBank is spea
May 31, 2023
-
Customs office nabs exporters of product allegedly infringing Posco's patent
SEJONG -- South Korea's customs agency said Wednesday it has apprehended a group of five people who had exported an industrial product suspected of infringing a patent owned by the leading steelmaker Posco. The Korea Customs Service said it has forwarded the suspects to prosecutors for shipping four units of "air knife," which were produced by allegedly stealing Posco's patented technology, to an undisclosed nation from 2020 to 2021. An air knife is a device that sprays gas o
May 31, 2023
-
KITA forecasts improved chip exports in 2nd half
South Korea's semiconductor industry, which has been experiencing repeated downturns since August last year, is expected to revive in the latter half of the year, a Korean trade lobby group said on Tuesday. “I anticipate that our semiconductor industry will recover, reaching the level of the second quarter of last year by the fourth quarter. I expect that production cutbacks will be reversed and the overall economy will improve, particularly with the reopening of China playing a signi
May 30, 2023
-
Is China feeling pressure from its own ban against Micron?
China appears to be feeling pressure of potential chip shortfall after banning US-based chipmaker Micron Technology from selling certain products to its market, and is calling for South Korean chipmakers to fill up the gap to meet its local chip demand, according to experts on Tuesday. Global Times, China’s state-run English media, said in an opinion piece on Monday it will be “natural” for South Korea’s chip companies to fill some market gap in China, if China and South
May 30, 2023
-
Posco Future M secures $221m funding from Canada for new plant
A joint venture project between Posco Future M and General Motors has secured 300 million Canadian dollars ($221 million) in funding from Canada to build an electric vehicles' battery materials plant. The provincial government of Quebec and the Canadian federal government on Monday announced the financial support plan to aid the joint venture project, named Ultium CAM, to construct the country's first cathode production factory. The public investment is aimed at strengthening the supp
May 30, 2023
-
S. Korea to lower tariffs on major agricultural imports amid inflation
South Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices. Under the plan passed at the Cabinet meeting, South Korea will lift tariffs on 45,000 tons of pork and 10,000 tons of mackerel starting in early June, according to the Ministry of Economy and Finance. "This year, the overall growth in consumer prices has slowed to some extent," the finance ministry sa
May 30, 2023
-
Proportion of women execs at major firms nears 7 % in Q1
The proportion of female executives at South Korea's major companies came to 7 percent in the first quarter of 2023 following last year's implementation of a related law, a corporate tracker said Tuesday. The number of female executives at 349 out of the country's top 500 firms by sales reached 997 at end-March, accounting for 6.8 percent of the total 14,718, according to the Leaders Index. The proportion was up 0.5 percentage point from a year earlier and 1.7 times the tally for
May 30, 2023
-
[Hello Hangeul] Hangeul adds premium feel to Korean brands
On the heels of the ever-booming K-wave, Hangeul, the Korean alphabet, is being increasingly employed by both domestic and overseas companies as a unique marketing strategy to promote corporate values and raise brand awareness. Korean food companies seeking to foray into overseas markets are making full use of Hangeul to give themselves credibility and capitalize on the special currency the Korean alphabet holds in the global market. CJ CheilJedang, a Korean food giant whose global food sales ac
May 29, 2023
-
Posco International inks deal to secure graphite for EVs
Posco International said Monday it has signed a contract with Faru Graphite Corporation, a Tanzanian subsidiary of Australian mining company Black Rock Mining, to be supplied with natural graphite, a key material for rechargeable batteries. This comes as part of the trading and energy company’s full-fledged efforts to secure a global value chain for battery materials for electric vehicles. Under the contract, Posco International will invest $10 million to receive a supply of 750,000 tons o
May 29, 2023
-
RNR Inc. challenges industry norms with innovative 'Monoplex' theaters
Seoul-based content distribution company RNR Inc.’s “Monoplex” is a type of theater where one can watch movies in a designated, personally-optimized space in places such as apartments, hotels, office buildings and more. Monoplex offers a bespoke theater experience which screens movie premieres at the same time as more widely known multiplexes in city centers. Ever since the outbreak of the COVID-19 pandemic, public interest in Monoplexes has surged, according to the company, as
May 29, 2023
-
Lack of pediatricians causes long lines at children's clinics
Finding a pediatric clinic in South Korea has become increasingly difficult due to a continuing shortage of pediatricians, leading to longer wait times for patients to get treated. “It is very common to wait for dozens of people who made reservations before you,” Yoo, a mother of a 4-year-old boy, told The Korea Herald. Yoo, 35, who is living in Gyeonggi Province, said her child had a fever last week and had to take him to a local hospital. When she made a reservation at around 3 p.m
May 28, 2023
-
[Weekender] Luxury labels target teens
While it's not breaking news that luxury fashion houses have been broadening their customer bases to younger customers, teenagers have risen as a new lucrative target demographic for such brands. More teenagers are purchasing high-end goods -- everything from lower-priced luxury beauty products and shoes to pricier bags, watches and jewelry. “Being a fan of Dior, I wanted to experience the brand,” said Lee Kyung-min, a high school student who visited a pop-up event held by Frenc
May 27, 2023
-
Seoul's trade minister holds talks with US counterpart over IRA, IPEF
South Korea's top trade official has discussed a variety of issues, including the Inflation Reduction Act (IRA), with the United States Trade Representative Katherine Tai, his ministry said Saturday. On the sidelines of a meeting of Asia Pacific Economic Cooperation (APEC) trade ministers in Detroit earlier this week, Trade Minister Ahn Duk-geun also discussed issues related to the US-led Indo-Pacific Economic Framework (IPEF). Ahn also held talks with China's Commerce Minister Wang
May 27, 2023
-
Jungheung Group vice chairman to become Daewoo E&C chairman
Daewoo Engineering & Construction announced Friday that Jungheung Group Vice Chairman Jung Won-ju will become chairperson of the company, starting June 1. Jungheung Group is the largest shareholder of Daewoo E&C with a controlling 50.75 percent stake after completing the acquisition process last year. Daewoo E&C said the latest change in its leadership has been made to boost its business in overseas markets. “The latest appointment as the company’s chairman will be a grea
May 27, 2023
-
Mirae Asset's global ETF executives gather to shape future direction
Mirae Asset Global Investments said Friday that it held a gathering of executives worldwide to discuss the asset manager's future direction in the global exchange-traded fund business and to evaluate the current status of each market. With 70 CEOs and chief investment officers of Mirae Asset's overseas subsidiaries in attendance, ETF Rally 2023 took place from Monday to Wednesday in Seoul and Hongcheon, Gangwon Province. During the event, the executives introduced the ETF business in e
May 26, 2023
-
Hyundai Steel wins eco-friendly certification for low-carbon steel beams
South Korea’s second-largest steelmaker said Friday that it has obtained a low-carbon product certification for its flagship H-beam steel product from the Ministry of Environment, the first to do so in the domestic steel industry. With the latest attainment, Hyundai Steel has secured Environmental Product Declaration certifications for a total of 13 products and a low-carbon product certification for one item. Low-carbon product certification is granted to products with carbon emissions be
May 26, 2023