Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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'Culinary Class Wars' producers deny trying to spice up results
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Ex-president's daughter investigated for drunk driving accident
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Seoulites celebrate coexistence at Wellness Seoul 2024
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First lady’s Dior bag scandal to be at center of Assembly audit
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Yoon honors veterans of Korean War in trip to Philippines
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Hanmi touts production capacity for COVID-19 vaccines
Hanmi Pharmaceutical on Monday said it has enough production capacity to contract manufacture COVID-19 vaccines. “Hanmi Pharmaceutical has various capabilities and facilities where we can produce nucleic acid vaccines as a contract manufacturing/development organization,” said CEO Kwon Se-chang. “We are open to potential collaboration with various companies to contribute to ending the global pandemic.” Among others, the executive pointed to its newly built Bio Plant
Jan. 18, 2021
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Yuhan’s lung cancer treatment lazertinib wins approval
The title for Korea’s 31st homegrown novel drug goes to Yuhan’s lung cancer treatment, Leclaza. On Monday, the Ministry of Food and Drug Safety announced its approval for the third-generation non-small cell lung cancer treatment, bringing relief to some 100,000 lung cancer patients in the country. Leclaza is a swallowable tablet that can be taken at a fixed time every day, regardless of meals. In clinical trials, the drug has shown an overall response rate of 58 percent and a pro
Jan. 18, 2021
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Doosan Infracore's sales up 18% in S. Korea in 2020
South Korea's top construction equipment maker Doosan Infracore Co. said Monday that the number of its construction equipment sold here rose 18 percent last year from a year ago on increased demand. "Despite the coronavirus pandemic, demand for high-end excavators increased last year here on the back of enhanced safety regulations and increased use of excavators in construction sites," a company official said over the phone on condition of anonymity. Doosan Infracore said it sold ove
Jan. 18, 2021
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S. Korea's rechargeable battery exports gain for 5th year in 2020
South Korea's exports of rechargeable batteries rose for the fifth consecutive year in 2020 despite the coronavirus impact, data showed Monday. Overseas shipments of rechargeable batteries came to 7.2 trillion won ($6.6 billion) last year, up 2.9 percent from the previous year, according to the data from the industry ministry and the Korea Battery Industry Association. Exports of rechargeable batteries expanded for five years running in 2020, setting a new record. Rechargeable battery product
Jan. 18, 2021
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S. Korea’s economy anticipates synergy with ‘Bidenomics’
As the United States is set to inaugurate Joe Biden as president this week, South Korea’s economy is expected to gain momentum from the upcoming US administration’s pump-priming programs and trade multilateralism, phasing out the uncertainties under Donald Trump. But the enhanced environment-related regulations may pose challenges to Korean companies and the persisting US-China trade conflict will continue to weigh upon Korea’s trade-reliant economy, according to market obse
Jan. 17, 2021
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[Herald Interview] Oral health care in the hands of consumers
“Health is not about something that is in hospital. In fact, it is something that could be addressed earlier. One‘s health has much to do with lifestyle choices,” said Deeptha Khanna, head of personal health at multinational health care solution provider Royal Philips, in an interview with The Korea Herald. Presenting at this year’s CES 2021, Philips' personal health products and solutions put an emphasis on prevention, connectedness and a safe home -- especially in bath
Jan. 17, 2021
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Hyundai Motor Group's eco-friendly car sales jump 36% in 2020
Hyundai Motor Group's environment-friendly vehicle sales in the global market jumped 36 percent to over 500,000 units in 2020 from a year earlier, industry data showed Sunday. Hyundai Motor Co., South Korea's top automaker, and its affiliate Kia Motors Corp. sold a total of 501,487 units of eco-friendly models, including electric vehicles (EVs), hybrid models and fuel-cell EVs, worldwide last year, according to their sales data. By type, gasoline hybrid models accounted for 52 percent of the t
Jan. 17, 2021
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Appellate court to rule in Samsung heir Lee's bribery case
An appellate court will give a verdict on Monday for Samsung heir Lee Jae-yong in a retrial of a bribery case involving former President Park Geun-hye. Lee, vice chairman of Samsung Electronics Co., faces charges that he bribed Park and her longtime friend, Choi Soon-sil, to win government support for a smooth father-to-son transfer of managerial power at Samsung. Park was later impeached and ousted from presidency for corruption and abuse of power. Prosecutors are seeking a nine-year prison t
Jan. 17, 2021
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Head of commerce chamber asks court for leniency in Samsung heir's bribery case
The head of South Korea's leading business lobby group on Friday sent a letter to a Seoul court asking for leniency in the upcoming sentencing of the Samsung Group heir in a bribery case, the group said. Park Yong-maan, who heads the Korea Chamber of Commerce and Industry (KCCI), sent the letter to the Seoul High Court and asked judges to render lenient sentencing on Samsung Electronics Vice Chairman Lee Jae-yong. The plea marked the first time that Park has written a character reference l
Jan. 15, 2021
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LG, SK’s battery biz butt heads over US patent nullification suit
LG Energy Solution and SK Innovation are yet again butting heads, this time over freshly launched inter partes review they both filed against each other at the US Patent and Trademark Office. An inter partes review is a trial proceeding conducted at the Patent Trial and Appeal Board of the US Patent and Trademark Office. The IPR looks at the patentability of a matter brought to attention. The patent dispute is one of the many legal fights the two Korean rivals are embroiled in. The
Jan. 15, 2021
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Kogas to build hydrogen fusion charging station by 2022
The Korea Gas Corporation said Friday that it will partner with the cities of Changwon and Tongyeong in South Gyeongsang Province to build a hydrogen fusion charging station by 2022. The plan to build a hydrogen fusion charging station came after Kogas and the two southern cities were recently tapped as the operator of a pilot project for establishing a hydrogen transportation complex by the Ministry of Land, Infrastructure and Transport. The construction project of a hydrogen transportation
Jan. 15, 2021
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Samsung’s SmartTag technology threatens to outpace Apple innovation
Bid adieu to panicky moments of lost keys or pets. Samsung Electronics‘s SmartTag technology, enabling users to locate what’s precious and dear to them, began generating buzz around the tech sphere Friday, a day after the Galaxy Unpacked 2021 event. The SmartTag is a corporeal electronic tag that can be attached to a leash or a key chain. Powered by Samsung Electronics’ SmartThings Find technology, Galaxy users can conveniently track tagged objects. Samsung suggests putting t
Jan. 15, 2021
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Hyundai to build 1st overseas hydrogen fuel-cell systems plant in China
Hyundai Motor Co. said Friday it will build its first overseas hydrogen fuel-cell systems plant in China to make a presence in global hydrogen markets. Hyundai will produce 6,500 fuel-cell systems for hydrogen-powered vehicles annually at the plant in China's southern city of Guangzhou, starting in the second half of 2022. It will consider increasing the production depending on future market demand, the company said in a statement. The plant's construction begins next month. The South Korean
Jan. 15, 2021
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Health and tech giants meet for ‘vaccination passports’
To combat the pandemic in 2021, private industries and nonprofit organizations are developing vaccine passports or identification cards that can serve as proof of inoculation to governments and businesses, including airlines. The ID card targets both domestic and international purposes of use, such as simply going out to theaters or stadiums, or traveling abroad to neighboring countries. On Thursday, Microsoft, Salesforce and Oracle, in collaboration with the US health care nonprofit Mayo Cli
Jan. 15, 2021
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Posco Chemical raises W1.3tr through stock issuance
Posco Chemical Co., an affiliate of South Korea's steel giant Posco Group, said Friday it has raised 1.3 trillion won ($1.1 billion) by new stock sales to fund its rechargeable battery material business. Posco Chemical said it sold 16.47 million shares at 77,300 won to the company's employee stock ownership association and existing shareholders between Wednesday and Thursday, with its subscription rate at 103 percent. The new shares will be listed on the Seoul bourse on Feb. 3, the firm said.
Jan. 15, 2021
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Samsung unveils new flagship phone with BTS, viral Korean act
Samsung Electronics Co. unveiled its new flagship Galaxy S21 series phones on Friday, featuring trendy K-pop acts such as megastar BTS and eccentric alternative group Leenalchi, as the South Korean tech giant eyes capturing young smartphone users around the world. The South Korean smartphone maker introduced the Galaxy S21 series, which comes in three models -- the 6.2-inch S21, the 6.7-inch S21+ and the 6.8-inch S21 Ultra -- at the livestreamed online Galaxy Unpacked 2021 event that drew in a
Jan. 15, 2021
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Made-in-Korea COVID-19 treatments ready to hit market
One company after another, South Korea’s homegrown biopharmaceuticals are nearing emergency use approval for their proposed COVID-19 treatments. A day after Celltrion reported positive top-line data from its antibody drug regdanvimab, or CT-P59, another local drugmaker, Chong Kun Dang, presented promising results on Thursday from its own drug, nafamostat, from a clinical phase 2 trial. Tested on over 100 people in Russia, 36 of them high-risk patients, nafamostat showed 61.1 percent cl
Jan. 14, 2021
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Lotte Group chief calls for drastic changes in post-COVID-19 era
South Korea’s retail giant Lotte Group needs to undergo innovative changes and portfolio revisions to respond to the post-COVID-19 market changes, the group’s chair said in a call to action, according to company officials Thursday. Chairperson Shin Dong-bin also sent out a reprimanding signal to executives for failing to defend the group’s previous lead in the retail market. “The sluggish management indexes amid the COVID-19 crisis last year indicate that we failed
Jan. 14, 2021
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Korea updates EV rules to meet market reality
South Korea has realigned its regulations for eco-friendly vehicles, in an effort to catch up with the quickly changing industry and global enhanced calls for reduced emissions, officials said Thursday. While the discontinued low-speed electric vehicles were removed from the regulatory guidance, articles on microsized electric vehicles were added. Clauses on the maximum speed and travel range for a single charge have also been updated, reflecting the current level of technology. The governm
Jan. 14, 2021
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Hyundai Oilbank to launch solar panel material business
Hyundai Oilbank said Thursday it will begin the production of a raw material for solar panels to seek a new growth engine in the renewable energy industry amid sluggish demand for petrochemical products due to the prolonged pandemic. According to the South Korean refinery, its subsidiary Hyundai Chemical will manufacture 180,000 metric tons of ethylene vinyl acetate at its plant under construction in the Daesan petrochemical complex in South Chungcheong Province, starting in the second half o
Jan. 14, 2021