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 trade body supports LG Chem’s request for sanctions against SK Innovation
An independent investigative body under the US International Trade Commission submitted a written opinion in favor of LG Chem, which filed a motion in August accusing SK Innovation of destroying crucial evidence in the ongoing patent lawsuit between the two battery giants. According to the USITC on Sunday, the Office of Unfair Import Investigations said it “supports” LG Chem’s motion requesting sanctions against SK Innovation. In the written letter, OUII said that SK Inno
Sept. 27, 2020
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Korean firms say restructuring is inevitable: survey
Amid the slowdown in global trade in the wake of the pandemic, many South Korean companies see changes in global value chains as inevitable, a survey showed Sunday. According to a recent survey of 300 Korean manufacturers by the Korea Chamber of Commerce and Industry, 41.7 percent of the respondents said they were “experiencing the GVC changes” and 27.3 percent said they were “expecting changes.” As the biggest factor affecting the restructuring of global value chains
Sept. 27, 2020
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Hyundai workers vote to accept wage freeze amid pandemic
Unionized workers at Hyundai Motor Co. voted to accept a wage freeze for the first time in 11 years as the nation's largest carmaker struggles to cope with the impact of the coronavirus pandemic, the company said Saturday. In a vote held Friday, 53 percent of 44,460 workers who cast a ballot approved this year's wage agreement between the labor union and management, the company said in a text message. Hyundai Motor and its union reached a wage deal without a strike for the second cons
Sept. 26, 2020
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Merz Aesthetics picks Gwyneth Paltrow as global face
Oscar winner Gwyneth Paltrow has become the face of Merz Aesthetics’ global campaign for its botulinum toxin product, Merz Korea said Friday. Paltrow has been using Xeomin for years before she agreed to become the ambassador for the wrinkle-removing neurotoxin, according to Merz Aesthetics. This global campaign is built on Paltrow’s principles for beauty, which is that women should permit themselves to do whatever they need for their happiness. Paltrow will use the hashtag
Sept. 25, 2020
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Celltrion creates holding company for 3-away merger
Celltrion Group announced Friday it has established Celltrion Healthcare Holdings as a first step of its plan to merge three affiliates by the end of 2021. The creation of the holding company is required to materialize the merger plan in compliance with the legal standards for Monopoly Regulation and Fair Trade Act. The merger of Celltrion, Celltrion Pharma and Celltrion Healthcare has been widely expected since early this year. It will be a merger of the existing Celltrion Holdings, comprisi
Sept. 25, 2020
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KT, NGeneBio sign deal for genetic data-based digital health care service
There is a surge of movement from Korean telecommunications firms noticeably seeking to enter the digital health care market. KT on Friday said it has signed a memorandum of understanding with local gene sequencing company NGeneBio to jointly develop a personalized health care product based on genetic data analysis. Earlier in the week, KT also said that it will work together with Medical Partners Korea to launch an information and communication technology-based epidemic control system in Kaz
Sept. 25, 2020
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[Monitor] No. of marriages plunges during pandemic
As the COVID-19 pandemic prolongs, the number of marriages that took place during the first seven months of this year fell to 17,080, according to Statistics Korea. The number of births in July alone was the lowest on record, while the number of deaths was the highest on record. (khnews@heraldcorp.com)
Sept. 25, 2020
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[Newsmaker] Korean lawmakers to summon Google, Netflix chiefs
The National Assembly of South Korea has selected the chiefs of Google and Netflix’s Korean operations as witnesses at the upcoming audits scheduled for October to ask questions about their business practices. According to the country’s legislative body Thursday, Nancy Mable Walker, who represents Google Korea, will be asked to testify at the Science, ICT, Broadcasting and Communications Committee’s first audit on Oct. 7. The committee’s decision to summon Walker co
Sept. 24, 2020
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Netmarble launches storytelling game BTS Universe Story, second collaboration with BTS
Netmarble said Thursday it has launched BTS Universe Story in 173 countries, a storytelling game featuring 3D-scanned avatars of RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook. According to the South Korean game maker, in BTS Universe Story, users can create and participate in interactive, choose-your-own-adventure-style stories where their choices throughout the game lead to different outcomes. “BTS Universe Story is the second game Netmarble has made in collaboration with the boy ba
Sept. 24, 2020
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Afreeca TV provides fishing boats for free to streamers
Afreeca TV said Thursday it will provide fishing boats named “Ati” to streamers who wish to create fishing content. According to the Korean streaming services company, streamers will be able to rent Ati motorboats at a reservoir in Jincheon, North Chungcheong Province, and the Ati fishing boat at Kukdong harbor in Yeosu, South Jeolla Province, from Afreeca TV for free when creating fishing content. “The Ati motorboat can carry up to three passengers, while the 9.7-
Sept. 24, 2020
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Posco receives dividends worth W50b from Roy Hill
Posco, a South Korean steelmaker, said Thursday it received dividends of about 50 billion won ($42.6 million) from Roy Hill Holdings, which operates an iron ore mine in Australia. According to Posco, the Roy Hill Holdings board of directors agreed to start profit-sharing for the first time, seeing the improved financial solvency and profit. Hancock Prospecting owns 70 percent of Roy Hill Holdings, and the remainder of the shares is held through a consortium, in which Posco is included along w
Sept. 24, 2020
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Ssangyong E&C chief travels to Dubai to oversee $1b hotel project
Chairman and CEO of Ssangyong Engineering & Construction Co. Kim Seok-joon is visiting Dubai in the midst of a pandemic to supervise the details of the company’s $1 billion Royal Atlantis Hotel project, the company said Thursday. Kim, who left for the United Arab Emirates city earlier this week, will visit the construction site of the hotel whose work is set to be complete by June next year. He will also meet with the project owners during his trip. “Videoconferencing has had
Sept. 24, 2020
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Companies on pandemic alert ahead of holiday
As daily confirmed coronavirus cases in South Korea returned to three-digit figures ahead of the Chuseok holiday, tensions are mounting at large companies, which recall painful memories of shutting down their factories during the first wave of the pandemic early this year. The nation’s largest automaker Hyundai Motor said it sent letters of cooperation to all of its employees at its Ulsan plant twice in an effort to prevent the spread of COVID-19. In the letter, the carmaker asked emplo
Sept. 24, 2020
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Merck gives $29,000 to Ansan multicultural children care center
Merck has donated 25,000 euros ($29,000) to an Ansan, Gyeonggi Province, multicultural children care center, the Merck Korea said Thursday. The fund will be used, among other things, for a Korean-language tutor, a computer room and a multimedia facility, according to nonprofit organization Loving Neighbors. This was the first official activity undertaken by Kim Woo-kyu, the new managing director of Merck Korea, since taking post. Kim emphasized the importance
Sept. 24, 2020
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Samsung Biologics to develop Kanaph Therapeutics' retinal disease treatment
Samsung Biologics will contract develop Kanaph Therapeutics’ retinal disease treatment, the company announced Thursday. Kanaph’s KNP-301 is a C3bg Inhibitor-VEGF binder novel drug candidate that treats dry and wet macular degeneration, diabetic retinopathy and diabetic macular edema. Samsung Biologics will undertake all steps of the drug development, spanning cell line development, development process optimization and preclinical and clinical sample manufacturing. “For a b
Sept. 24, 2020
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Dolby Labs signs cinema solutions supply deal with S. Korean multiplex operator
Dolby Laboratories Inc., a US-based audio and imaging technology giant, said Thursday it has signed a deal to supply its advanced cinema solutions to local multiplex operator Megabox for the next five years. Under the deal, Dolby Labs will provide its auditorium package to Megabox, starting with its movie theaters in Gyeonggi Province. The value of the contract was not revealed. The auditorium package consists of Dolby Labs' speakers, integrated media servers, cinema processors, and multicha
Sept. 24, 2020
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LG expands budget smartphone lineup with 3 new models
LG Electronics Inc. on Thursday added three new models to its budget smartphone lineup as the South Korean tech firm targets to expand its mobile sales. The K62, the K52 and the K42 have been added to LG's K series family and will be launched next month starting in Europe. LG did not reveal prices of the new smartphones. All three models have a 6.6-inch punch-hole display with a 20:9 aspect ratio, and a quad-rear camera setup. They all pack a 4,000-mAh battery. The K42 sports a 13-megapixe
Sept. 24, 2020
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Samsung launches new charging devices for mobile gadgets
Samsung Electronics Co. on Thursday launched two new charging accessories for mobile devices in South Korea. Samsung's new Wireless Charger Trio can charge up to three mobile devices, such as smartphones, wireless earbuds and smartwatches, at the same time. The pad has six charging coils, offering better charging surface coverage. The multi-device charging station comes in two colors, white and black, and has a price tag of 99,000 won ($85). Samsung also released a power bank that boasts 2
Sept. 24, 2020
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Caris wins NET certificate for guardrail tech that utilizes waste plastics
Caris Co. has won the New Excellent Technology certificate for its guardrail manufacturing technology that utilizes waste plastics. At the 2020 NET certificate award ceremony, CEO Yu Cheol received the NET certificate for the company’s five-layer ribbed structure guardrail manufacturing technology that uses a triple compression method incorporating waste plastics. NET-certified products are selected by the Korean Agency for Technology and Standards under the Ministry of Trade, Industry
Sept. 24, 2020
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[Monitor] Travel industry shrinks after COVID-19 outbreak
After the COVID-19 outbreak, South Korea saw its number of travel businesses decline by around 1,000 compared to last year. According to data from the Korea Tourism Association, there were 21,671 travel related firms operating in the country as of June. The figure fell 612 or 2.7 percent from the end of last year. The number of Korean travel companies began rising since 2015, surpassing 20,000 in 2017. The figure hit its peak of 22,609 in September last year, the data showed. (khnews@he
Sept. 24, 2020