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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First lady’s Dior bag scandal to be at center of Assembly audit
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Ex-president's daughter investigated for drunk driving accident
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Seoulites celebrate coexistence at Wellness Seoul 2024
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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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US retail sales of Hyundai Motor rise 7% on-yr in Q3
Retail sales of Hyundai Motor Co. in the United States rose 7 percent in the third quarter from a year earlier on rising demand for its sport utility vehicles (SUVs), the carmaker's US unit said Friday (Korean time). Hyundai sold a total of 170,838 units stateside in the July-September period, down 1 percent, or 2,200, from a year earlier, according to a release by Hyundai Motor America on its website. But its retail sales reached 161,254 units over the three months, up 7 percent from the same
Oct. 2, 2020
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[News Focus] Why are Koreans loyal to Korean cigarettes?
Smoking culture in South Korea has seen a great change in the past decades. Smoking indoors and in public areas have been banned, and the number of smokers has been decreasing amid rising health consciousness. New preferences for flavored cigarettes and less smelly products are proving popular, as well as technologies developed to introduce new ways of using the tobacco leaves, by heating and not burning. Still, one thing in Korea remains the same. Korean people are loyal to Korean cigarettes
Oct. 2, 2020
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Top 10 Chuseok gifts Koreans love
Chuseok is Korea’s autumnal holiday, a time for sharing the year’s harvest together with family. It is the perfect time to offer gifts to family elders, business partners and anyone you’d like to be on extra good terms with -- or just to prove you’re now legitimately in the adulting phase of life. 1. Cash Who doesn’t love cash? Cash gifts are arguably the most preferred way of showing a person that you genuinely care in South Korea. Because by giving them the mon
Sept. 30, 2020
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Stuck in traffic? Enjoy Chuseok while playing BTS Universe Story
Chuseok, also known as the Korean Thanksgiving, is an annual ritual of family reunification. The scale of human migration on the roads is astounding, with cars stuck on highways for several hours. For children moaning “Are we there yet?” and bored adults habitually checking their smartphones, what better way to kill time than playing games? Here are a few recommendations. 1. BTS Universe Story Launched globally on Sept. 24, Netmarble’s BTS Universe Story is a storytel
Sept. 30, 2020
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Over 30% of major Korean firms cut greenhouse emissions by double digits: data
More than 30 percent of major Korean companies sliced greenhouse gas emissions more than 10 percent last year, according to the data from CEO Score Tuesday. The corporate data tracker requested greenhouse gas emission data from the top 500 Korean companies and analyzed the data submitted by 200 of them. Then, CEO Score examined how much greenhouse gas they emitted per 100 million won ($85,470) of revenue. Results showed that 67 companies reduced their greenhouse gas emissions per 100 million
Sept. 29, 2020
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Hyundai Rotem bags W407.7b wheeled armored vehicle deal
Hyundai Rotem said Tuesday it has signed a contract worth 407.7 billion won ($348.4 million) with the Defense Acquisition Program Administration to supply wheeled armored vehicles by 2023. According to the rolling stock and arms manufacturing unit of Hyundai Motor Group, it will mass-produce the third batch of K806 and K808 armored personnel carriers to DAPA by 2023. Hyundai Rotem won the order for the first batch worth 26.9 billion won in 2016 and completed the delivery in 2018. It also grab
Sept. 29, 2020
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USITC rejects SK Innovation’s request for forensic inspection of LG Chem
In the latest development of an ongoing patent lawsuit SK Innovation filed against LG Chem a year ago in September 2019, the US International Trade Commission on Tuesday dismissed SK Innovation’s request for a forensic inspection of LG Chem for the alleged unauthorized export of SK Innovation data. On Sept. 1, SK Innovation filed a motion asking for a forensic inspection of LG Chem. SK Innovation claimed that when LG Chem officials visited SK Innovation headquarters on July 20 to conduc
Sept. 29, 2020
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LG Electronics tipped to deliver best Q3 earnings in 11 years: analysts
LG Electronics Inc. is likely to report its largest third-quarter earnings in 11 years on the back of increased demand of its premium home appliance and TV products amid the pandemic-driven stay-at-home trend, analysts said Tuesday. LG was expected to log 16.12 trillion won ($13.7 billion) in sales in the July-September period, up 2.7 percent from a year earlier, while its operating profit was estimated to increase 5.9 percent on-year to 828 billion won over the period, according to Yonhap Inf
Sept. 29, 2020
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LG tipped to release rollable TV next month
LG Electronics Inc., a major home appliance maker in South Korea, is expected to release the industry‘s first rollable TV next month, sources here said Tuesday, as the company tries to expand its presence in the high-end TV market. LG recently opened a website dedicated to the Signature OLED R to receive preorders from its VVIP customers, according to the sources. After holding an event for its customers in Seoul, LG is expected to launch the rollable TV in the market in late October,
Sept. 29, 2020
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Shinsegae heirs expected to pay W300b in gift taxes
As Shinsegae Group heirs Chung Yong-jin and Chung Yoo-kyung became the largest shareholders of the group’s retail and department store units, respectively, upon receiving shares as gifts from their mother, they are expected to pay a combined 300 billion won ($256 million) in gift taxes, according to the industry. According to a regulatory filing on Monday afternoon, Shinsegae Group Chairwoman Lee Myung-Hee donated an 8.22 percent stake in E-mart to her son, Yong-jin, and an 8.22 percent
Sept. 29, 2020
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Ssangyong E&C wins redevelopment contract in Goyang
Ssangyong Engineering and Construction said Monday it had won an urban redevelopment contract worth about 65 billion won, in Goyang, Gyeonggi Province. The construction firm said it was chosen as the constructor for the urban redevelopment project in Goyang-dong, and attributed its achievement to the good performance of its apartment brand The Platinum. Ssangyong said it has supplied a total of nine residential complexes for 5,622 households across the country this year. In addition, the comp
Sept. 28, 2020
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S-Oil launches first overseas lubricants production in India
S-Oil will begin its first overseas manufacturing and distribution of lubricants in India, the company said Monday. According to the South Korean refiner, it has partnered with a local company Gulf Oil Lubricants India to directly manufacture and distribute its premium lubricant product “S-Oil Seven” in the country. In August, S-Oil began the production of S-Oil Seven at Gulf Oil’s factory located in Chennai on the southeast coast of India and the company will launch the p
Sept. 28, 2020
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Hyundai Motor exports hydrogen vehicles to Middle East for first time
Hyundai Motor said Monday it had exported four fuel cell electric vehicles to Saudi Arabia, its first-ever FCEV exports to the Middle East. According to South Korea’s largest automaker, it shipped two Nexo FCEVs and two Elec City fuel cell electric buses from Ulsan on Sunday. After arriving in Saudi Arabia, the four FCEVs will be delivered to Saudi Aramco, the country’s state-run oil firm. “Exporting FCEVs to the world’s top oil producer Saudi Arabia is a meaningful
Sept. 28, 2020
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[Photo News] Covid-free ticket home
Passengers buy tickets from automated motion-detecting ticket machines that do not require physical contact with touchscreens on the eve of the Chuseok holiday at SRT Suseo Station in Gangnam, southern Seoul, Monday. (khnews@heraldcorp.com)
Sept. 28, 2020
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Apple to launch iPhone 12 in S. Korea earlier than usual: sources
Apple Inc. is expected to launch its new iPhone 12 series in South Korea earlier than its usual schedule, sources said Monday, as the U.S. tech titan targets to attract more 5G users here. According to officials at local telecom operators, they are preparing to sell the iPhone 12 in late October or early November. Apple has yet to confirm the release date of its latest smartphone. But foreign tech reviewers predicted that the iPhone 12 could be unveiled on Oct. 13 and go on sale Oct. 23 in s
Sept. 28, 2020
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Hanwha heir to lead group’s solar power unit
Kim Dong-kwan, Hanwha Group Chairman Kim Seung-youn’s eldest son, was promoted to president of Hanwha Solutions, a year after he was promoted to vice president, the group said Monday. “Kim, who was in charge of the strategy division with the launch of Hanwha Solutions in January this year, led the reorganization of the business and the discovery of future projects to make a leap toward eco-friendly energy and high-tech materials companies, and contributed to the creation of a s
Sept. 28, 2020
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Antitrust watchdog drafts law to regulate online platforms
South Korea’s antitrust watchdog said Monday that it has drafted a bill to regulate dominant online platform operators as unfair trade has become a reality in the sector amid the surge in digital transactions caused by the pandemic. The proposed Act on the Fairness of Online Platform Transactions will be announced for 40 days starting Sept. 28. “As the platforms’ influence and position are strengthened in the digital economy, there are also various threats that hinder the
Sept. 28, 2020
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LG launches new voice-controlled massage chair
LG Electronics Inc., South Korea's major home appliance maker, on Monday unveiled a new massage chair with a voice control feature as it aims to boost health care products amid the pandemic-driven stay-at-home trend. The new model of LG's HealingMe massage chair, MH60G, comes with a voice-activated system with which users can set massage courses and strength control, the company said. It also automatically detects users' shoulder width and leg length to set a comfortable position for massage
Sept. 28, 2020
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Samsung tipped to log strong Q3 earnings on solid chip biz, mobile sales recovery
Samsung Electronics Co. is expected to report strong third-quarter earnings, analysts here said Monday, as its mainstay semiconductor business remained solid despite a decline in memory prices, while its mobile and home appliance sales soared on pent-up demand amid the pandemic. Samsung was projected to log 63.95 trillion won ($54.5 billion) in sales in the July-September period, up 3.1 percent from a year earlier, while operating profit was estimated to surge 33.7 percent on-year to 10.4 tril
Sept. 28, 2020
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[Eye on Business] How Green New Deal rekindled Shinsung E&G’s dimming solar power biz
One year after Shinsung E&G launched a solar power business, the 2008 global financial crisis came, forcing the government to shut down subsidy programs for the industry. In 2010, a tsunami of cheap Chinese products flooded the market, leaving the Korean companies to shelve their solar power business. Despite the aggravating market conditions, Shinsung E&G Chairman Lee Wan-keun stood firm, increasing investments to develop solar cell and module technologies and expanding production c
Sept. 27, 2020