Most Popular
-
1
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
2
'Culinary Class Wars' producers deny trying to spice up results
-
3
Ex-president's daughter investigated for drunk driving accident
-
4
Seoulites celebrate coexistence at Wellness Seoul 2024
-
5
Netflix, streaming platforms come under fire for loose ratings
-
6
S. Korea, Singapore seal supply chain agreement
-
7
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
8
20 minors registered as CEOs making over 100 million won
-
9
Yoon honors veterans of Korean War in trip to Philippines
-
10
K-pop CEOs sidestep key issues at National Assembly audit
-
S. Korean shipbuilders' new orders spike over 7 times, achieve over half of order targets in H1
South Korean shipbuilders saw their new orders rise over sevenfold in the first half of the year from a year ago, and they have achieved more than half of their annual order targets for the year, industrial data showed Tuesday. During the January-June period, Korean shipbuilders bagged new orders totaling a combined 10.47 million compensated gross tons (CGTs), up more than seven times compared with 1.35 million CGTs the previous year, according to data provided by global market researcher Clark
July 6, 2021
-
LG Electronics to expand cloud-based call centers
LG Electronics Inc. said Tuesday it will expand cloud-based call centers to offer better customer care services and protect its workers from the novel coronavirus outbreak. With its recently launch of cloud-based call centers in the United States, LG said they will be also available in 10 more countries, including Brazil, France, Vietnam and South Korea, by the end of this year. Cloud-based call centers allow employees to work wherever internet is connected, which will promote a work-from-home
July 6, 2021
-
Hyundai's Genesis vehicle sales jump 33% in H1
Hyundai Motor Co. said Tuesday its independent brand Genesis' domestic vehicle sales jumped 33 percent in the first half compared to a year earlier amid tougher competition with imported brands and the COVID-19 pandemic. Hyundai sold 72,710 Genesis vehicles from January to June, up from 48,886 units a year earlier, the company's sales data showed. Genesis models accounted for 19 percent of Hyundai's domestic sales of 386,095 units in the first six months of this year. On the overseas front, t
July 6, 2021
-
LG looking to beef up relationship with Apple after mobile biz exit
LG Group, South Korea's fourth-largest conglomerate, is apparently looking to beef up its business relationship with Apple Inc., industry insiders said Tuesday, amid rumors that its electronics affiliate may sell the US tech titan's products at its retail shops. LG recently held a special promotion for iPhones, iPads and other Apple products on Lifecare, its online shopping mall for group employees, according to the sources. This was reportedly the first time that the group offered mobile devic
July 6, 2021
-
Samsung Display, union reach wage agreement
The labor union of Samsung Display has reached a wage agreement with management and will end its two-week partial strike soon, union officials said Monday. Six union representatives went on strike on June 21, demanding a 6.8 percent hike in base pay, in the first-ever walkout at the world's largest mobile display maker. In the latest negotiation, the union withdrew its demand and accepted the company's proposal of a 4.5 percent raise, and the agreement was approved by 83 percent of its members
July 5, 2021
-
Samsung partners with Hanwha Q Cells for zero energy homes
Samsung Electronics said Monday it had joined hands with South Korea’s leading solar cell and module maker Hanwha Q Cells to tap the home energy solution market. According to the companies, the partnership seeks to create “zero energy homes,” that are self-sufficient for energy. While Hanwha Q Cells’ solar power modules and energy storage system would allow homeowners to produce and store electricity, Samsung Electronics’ SmartThings Energy service, an open Inte
July 5, 2021
-
[News Focus] Welstory: Food for Samsung workers or the Lees?
A hefty fine given to four Samsung companies, including Samsung Electronics, by the Fair Trade Commission late last month has dealt another blow to South Korea’s top conglomerate in terms of compliance. On Friday Kim Ki-nam, chief of Samsung’s semiconductor business, currently the most powerful person at the company while de facto owner Lee Jae-yong is in jail, urged executives and employees to continue making “ceaseless efforts to maintain compliance rules” in a letter
July 5, 2021
-
Design patent applications for pet and plant products soar amid pandemic
The number of design patent applications for pet and houseplant related products soared last year amid the coronavirus pandemic, new data from the Korean Intellectual Property Office revealed on Monday. While the figure has risen by an annual average of 21 percent over the last six years, pet product design patent applications saw a 34 percent year-on-year jump last year, from 712 to 953. The figure for houseplant related products also rose 30 percent over the same period, from 288 to 374. As
July 5, 2021
-
S. Korea to bolster safety of workers at seaports
South Korea's oceans ministry said Monday it will revamp safety measures at local seaports in line with efforts to improve the working environment and prevent accidents. The move came as the number of accidents at local ports has been rising recently in sync with economic growth and rising trade volumes, according to the Ministry of Oceans and Fisheries. Over the past decade, around 2,800 workers were involved in accidents at local seaports, with the number of fatalities reaching 53 over the p
July 5, 2021
-
Samsung Heavy wins W654.5b order for 3 LNG carriers
Samsung Heavy Industries Co. said Monday it has signed a 654.5 billion-won ($579 million) deal to build three LNG carriers. Under the deal with an unnamed Oceanian company, the 180,000-cubic meter LNG carriers will be delivered by February 2024, Samsung Heavy Industries said. With the latest order, Samsung Heavy Industries has bagged orders for a total of 51 ships valued at $6.5 billion so far this year, achieving 71 percent of its annual order target of $9.1 billion, the company said. The
July 5, 2021
-
Kia likely to log better-than-expected Q2 earnings: brokerages
Kia Corp. is expected to post better-than-expected earnings for the second quarter on brisk sales at home and abroad, local brokerages said Monday. Kiwoom Securities Co. forecast the operating income of South Korea's No. 2 automaker to stand at 1.58 trillion won ($1.4 billion) for the April-June period, upgrading the carmaker's target stock price to 140,000 won from 120,000 won. "Kia is likely to register marked growth in sales in the domestic and North American markets, where its average
July 5, 2021
-
S. Korea set to unveil support plan for battery sector this week
South Korea's industry ministry said Monday it plans to soon unveil a detailed blueprint to nurture the rechargeable battery sector, with the goal of the country taking the lead in the segment. "We plan to spare no efforts to develop technologies for rechargeable batteries and foster businesses in the field of materials, parts and equipment," Industry Minister Moon Sung-wook said during his visit to a production line of Samsung SDI Co. in the southeastern city of Ulsan. Over the firs
July 5, 2021
-
[Best Brand] The enduring power of brand
The COVID-19 pandemic has had great significance for marketers around the world. In the face of the new coronavirus, consumer behavior changed drastically. The non-face-to-face trend shifted market dynamics in a way no one could have foreseen. Yet in this time of uncertainty, some brands managed to stay strong. This is proof of the sticking power of a brand built on good products and years of honest customer relationships. Consumer trust and loyalty are hard to come by, but once e
July 5, 2021
-
Biomedicines, batteries and OLEDs key export drivers
Biomedicines, batteries and OLED panels are rising as key drivers of exports in South Korea, which Seoul officials see as a hopeful sign of the economy becoming more resilient and future-oriented. According to the Ministry of Trade, Infrastructure and Energy on Sunday, the first half of 2021 reinforced a continuing trend of seven product categories, identified by the government as new growth items, making bigger contributions to the country’s total exports. The seven are bio and health
July 4, 2021
-
[Photo News] Art museum at home
Art is displayed on an LG Electronics’ OLED TV in this promotional image released by LG Electronics on Sunday. The South Korean home appliance brand has collaborated with local cultural and art content provider Polestar Art to add the K-Fine Art theme on its OLED Gallery app so customers can enjoy Korean artists’ works for free, the firm said. (LG Electronics) (khnews@heraldcorp.com)
July 4, 2021
-
[Newsmaker] How Minecraft became R-rated game in S. Korea
Minecraft is a 3D computer game where players can build anything. Often described as “online Legos,” the bestselling video game of all time involves building blocks and creating structures across different environments and terrains. Rated as suitable for ages 7 and up, some schools have started to incorporate Minecraft into the classroom, as kids can naturally learn teamwork, problem-solving skills and basic programming while playing the game with friends and helping each other bu
July 4, 2021
-
Demand for courier service soared during pandemic: study
As the coronavirus pandemic swept across Korea, courier services enjoyed a surge in popularity, a new study has revealed. The average number of times people used a courier service rose from 6.22 per month to 9.74 after the pandemic began, according to the recent study, the Korea Transport Institute said Sunday. The study was conducted by researchers at the institute with a sample of 1,153 respondents during November last year to highlight the differences in how people use delivery services in
July 4, 2021
-
Samsung SDI's EV battery biz to swing to profit in Q2: analysts
Samsung SDI Co.'s electric vehicle (EV) battery business is expected to have turned to operating profit for the first time in the second quarter on strong demand by global automakers, analysts said Sunday. Samsung SDI Co., the battery arm of Samsung Electronics Co., was forecast to have posted 3.4 trillion won ($3 billion) in sales and 252.7 billion won in operating profit in the April-June period, according to the data from 15 local brokerage houses compiled over the past month. Samsung SDI's
July 4, 2021
-
Hyundai, Kia's eco-friendly car sales in S. Korea surge 39% in H1
Hyundai Motor Group's eco-friendly vehicle sales in South Korea jumped nearly 40 percent in the first half of this year compared with a year earlier on strong demand for hybrid models and new electric vehicles, its sales data showed Sunday. The combined domestic sales of eco-friendly models by the Korean automotive group's two affiliates -- Hyundai Motor Co. and Kia Corp. -- stood at 94,435 units in the January-June period, up from 67,798 units a year ago, according to their sales data. Among
July 4, 2021
-
SK Energy, Kepco team up to facilitate domestic EV supply
SK Energy and Korea Electric Power Corp. agreed to jointly develop automotive services to promote the use of electric vehicles in the country, SK said Friday. SK Energy, South Korea’s leading oil refinery and gas station operator, said it is partnering with the state-run electricity provider Kepco, which operates the country’s largest EV charging infrastructure business, to expand its EV service business. SK Energy P&M CIC Chief Executive Officer Oh Jong-hoon and Kepco Vice
July 2, 2021