Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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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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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Ex-president's daughter investigated for drunk driving accident
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First lady’s Dior bag scandal to be at center of Assembly audit
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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Seoulites celebrate coexistence at Wellness Seoul 2024
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Nexon donates game profits to retrieve Korea’s national treasure
Nexon said Thursday it has donated profits from its game The Kingdom of the Winds: Yeon to the National Trust for Cultural Heritage to help the organization preserve and retrieve Korea’s national treasures that had been lost overseas. From July 29 to Aug. 7, through e-commerce platform Auction, Nexon sold 150 units of a limited edition item priced at 30,000 won ($26) and 42,316 units of unlimited edition item priced at 100 won to users of the game. On top of 4.5 million won from the sale
Oct. 15, 2020
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KFS helps Korea see greatest forest growth in world
The Korea Forest Service said Thursday that South Korea has witnessed the world‘s greatest growth rate in the volume of trees over the past 25 years, according to a report announced at a session held on Monday by the United Nations Food and Agriculture Organization’s Committee on Forestry. UN FAO COFO’s biennial session is one of the world’s biggest forestry events that brings together heads of forest services and other senior government officials to share the results of
Oct. 15, 2020
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Korea Forest Service to host World Forestry Congress in 2021
The Korea Forest Service will host the 15th World Forestry Congress at Coex in Seoul for five days from May 24 to 28 next year, under the theme of “Building a green, healthy and resilient future with forests.” It is the first time in 40-some years for the congress to take place in the Asia-Pacific region. Indonesia was the last Asian country to bring the international conference to the Asian region in 1978. The WFC is the world’s largest conference on forestry, where stake
Oct. 15, 2020
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LG Electronics names F1 champ Lewis Hamilton as brand ambassador
LG Electronics Inc., a major home appliance maker in South Korea, on Thursday said it has named Formula One star Lewis Hamilton as a brand ambassador for its luxury line of premium products. LG said Hamilton will promote the LG Signature brand, which the company uses for its high-end products. Hamilton, a six-time Formula One world champion, is considered one of the best racing drivers in the history of the sport. The 35-year-old Brit recently drew level with Michael Schumacher's record of 9
Oct. 15, 2020
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LG Electronics expands hallyu content on its smart TV streaming service
LG Electronics Inc. said Thursday that more content on the Korean Wave of popular culture can be watched on its smart TVs via its streaming service as the company tries to attract more consumers in major markets amid the pandemic-driven stay-at-home trend. LG Channels will now have more content related with the Korean Wave, known as hallyu, after the South Korean tech firm signed a partnership with NEW ID, a digital content distributor under local entertainment powerhouse Next Entertainment Wo
Oct. 15, 2020
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[Monitor] Volume of smuggled goods to South Korea surge
The volume of smuggled goods to South Korea increased when compared to last year, according to a report from South Korean lawmaker Hong Ik-pyo based on the data from Korea Customs Service. According to the report, the volume of illegal trade between January and August this year has reached 239.9 billion won ($209.6 million), surpassing last year’s total of 209.4 billion won. The report added that illicit trade of cigarettes soared in particular. The volume of smuggled cigarettes as of
Oct. 15, 2020
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Hanwha Techwin enters clerkless store tech biz with auto checkout machine
Hanwha Techwin Co., a major surveillance tech firm in South Korea, said Thursday it will start into the clerkless store solution business with its auto checkout (ACO) machine as the company expands its business portfolio amid the pandemic-induced non-contact trend. Hanwha Techwin said it decided to enter the unmanned store solutions market as many retailers opt to open cashier-free shops for 24-hour operation while there is a need to improve consumer convenience in the checkout process at stor
Oct. 15, 2020
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Samsung remains atop smartphone memory chip market in H1: report
Samsung Electronics Co. dominated the global market for smartphone memory chips in the first half of the year, a report showed Thursday. In terms of revenue, Samsung maintained its top position in the smartphone memory market with a 49 percent share in the first six months of the year, according to a report from industry tracker Strategy Analytics. Samsung was followed by its smaller South Korean rival SK hynix Inc. and US chipmaker Micron Technology Inc. By sector, Samsung had a revenue sha
Oct. 15, 2020
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Hearings on LG Chem's battery patent suit against SK Innovation to open online in Dec.
Hearings on LG Chem Ltd.'s electric vehicle (EV) battery patent infringement lawsuit against SK Innovation Co. with the US International Trade Commission (ITC) will open online in December, industry insiders said Thursday. Evidentiary hearings for LG Chem's case will take place virtually on Dec. 10 and 11, according to the sources. In September 2019, LG Chem filed the suit with the ITC, claiming that SK Innovation and SK Battery America infringed its EV battery patents. The ITC usually holds
Oct. 15, 2020
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[News Focus] Chung Mong-koo: The man who made Hyundai Motor global
Chung Mong-koo led Hyundai Motor Group for two decades as chairman and CEO before stepping down Wednesday. As his only son, Chung Euisun, takes over the world’s fifth-largest automaker, the elder Chung, who has now become an honorary chairman of the automotive company, is leaving behind a legacy. As the son of the late Hyundai Group founder Chung Ju-yung, Chung Mong-koo joined Hyundai Motor Company in 1970 as an auto parts manager at its Seoul office. He became the chairman of Hyundai M
Oct. 14, 2020
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LG Chem to offer cash dividends to soothe retail investors
LG Chem said Wednesday it will offer cash dividends of at least 10,000 won ($8.70) per common share over the next three years as part of an effort to promote shareholder value. The South Korean battery giant last month decided to split off its promising battery business division as a wholly-owned subsidiary LG Energy Solution. The decision triggered fierce resistance from retail investors, many of whom invested in LG Chem for its battery business. “To apply the same dividend criteria af
Oct. 14, 2020
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Hyundai Motor’s journey from 1940s to 2020
Though founded in 1967, Hyundai Motor’s origins date back to 1940s, when entrepreneur named Chung Ju-yung established Hyundai Auto Service in Seoul after Korea was liberated from Japanese colonial rule in 1946. Along with the Hyundai Auto Service, Chung established Hyundai Engineering and Construction in 1947 to help South Korea rebuild and industrialize after the liberation. However, the Korean War broke out in 1950, forcing Chung to abandon his businesses in Seoul and evacuate to B
Oct. 14, 2020
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Korea’s trend expert defines 2021 as ‘Cowboy Hero’
Kim Ran-do, renowned scholar on fast-emerging trends in South Korea, has defined the year 2021 as “Cowboy Hero” as he announced 10 key words for next year that would continue to be affected by the COVID-19 pandemic. Through an online lecture live-streamed on YouTube to mark publication of his latest publication Trend Korea 2021 late Tuesday, the professor from Seoul National University created the term “Cowboy Hero” from the initial letters of 10 key phrases. “W
Oct. 14, 2020
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Starbucks Korea kicks off 2nd round of support for middle-aged entrepreneurs
Starbucks Coffee Korea is accepting applications for the second round of its program to support people in their 40s or older who are looking for opportunities to reopen their stores. Starbucks Coffee Korea‘s support program is a joint project with the Ministry of Startups and SMEs and the Small Enterprise And Market Service, dedicated to supporting troubled small business owners who have recently closed their businesses. Applicants accepted to the program will go through 16 hours of b
Oct. 14, 2020
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LG expands washer-dryer combo lineup with bigger products
LG Electronics Inc., a major South Korean home appliance maker, said Wednesday it will expand its washer-dryer combo lineup with large capacity products to better meet consumer demand. LG WashTower is a washer-dryer combo that combines a front-loading washing machine and a dryer into a single laundry appliance. The product is currently sold with a 21-kilogram washer at the bottom and a 16-kilogram dryer at the top, but the new model will have a 24-kilogram washer and a 17-kilogram dryer, the c
Oct. 14, 2020
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Samsung introduces new SD cards for first time in 5 years
Samsung Electronics Co. on Wednesday unveiled two news lines of SD cards boasting fast speeds and enhanced durability as the South Korean tech giant targets content creators and consumers who need high-performance memory cards in shooting videos and photos. Samsung's PRO Plus and EVO Plus SD cards come with four storage capacity options -- 32-gigabyte (GB), 64GB, 128GB and 256GB. This is the first time since 2015 that Samsung introduced new SD card products. The PRO Plus offers sequential rea
Oct. 14, 2020
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Samsung heir returns home after meeting with ASML officials in Netherlands
Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, returned home Wednesday after meeting with top executives from ASML Holding NV, the world's leading photolithography equipment maker, in the Netherlands. Lee met with ASML CEO Peter Wennink and ASML Chief Technology Officer Martin van den Brink at ASML headquarters in Eindhoven, the Netherlands, on Tuesday before returning to South Korea, Samsung said. Lee departed for Europe last Thursday,
Oct. 14, 2020
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[Monitor] Scouting of foreign experts dwindles
Recruitment by South Korean firms of foreign experts in various fields dropped to 153 as of the first nine months of this year, according to data submitted by the Korea Trade-Investment Promotion Agency to Rep. Lee Joo-hwan. The number is one-quarter of the 615 recruited in 2016. (khnews@heraldcorp.com)
Oct. 14, 2020
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Apple to launch iPhone 12 in S. Korea on Oct. 30
Apple Inc. said Wednesday it will launch its new smartphone, the iPhone 12, in South Korea later this month as the US tech giant aims to attract more consumers here with its first 5G-supporting handset. Apple on Tuesday (local time) unveiled four models of the iPhone 12 series -- the 5.4-inch iPhone 12 Mini, the 6.1-inch iPhone 12, the 6.1-inch iPhone 12 Pro and the 6.7-inch iPhone 12 Pro Max. Of them, Apple said the iPhone 12 and the iPhone 12 Pro will go on sale in South Korea on Oct. 30, o
Oct. 14, 2020
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KT gets boost in top pay TV status via cable unit's acquisition
South Korean telecom giant KT Corp. is set to strengthen its top pay TV operator position in the local market after its satellite broadcasting unit clinched a deal to acquire a local cable TV operator. In a regulatory filing late Tuesday, KT Skylife Co. said it will acquire Hyundai HCN Co.'s broadcasting business for 491.1 billion won ($427.4 million) by July 30, 2021. Currently, Hyundai HCN is in the process of spinning off its broadcasting division, which will retain the original name, as a
Oct. 14, 2020