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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Lotte Aluminium expands cathode foil production capacity for EVs
Lotte Aluminium said Monday it has increased the production capacity of its cathode foil plant in Ansan, Gyeonggi Province in response to growing demand for electric vehicle batteries. According to the South Korean packaging material company, it injected 28 billion won ($23.7 million) into the cathode foil plant to increase the capacity to 12,000 metric tons. Lithium-ion batteries consist of four key components -- cathodes, anodes, electrolytes and separators. Cathode foils cover the cathod
Sept. 14, 2020
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Telcos expand digital health care services amid pandemic
South Korean mobile carriers are racing to develop digital health care services, industry officials said Monday, as demand for remote personalized services grows amid the pandemic. The country's three major carriers -- SK Telecom Co., KT Corp., and LG Uplus Corp. -- have recently joined hands with local health care companies to create new services to capitalize on the recent contactless trend driven by social distancing measures against the pandemic. Telecom giant KT partnered with Green Cros
Sept. 14, 2020
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Export support for SMEs to center on online realm
South Korea will strengthen support for promising startups and small and medium-sized companies to export their products online in the global market, officials said Monday. The Ministry of SMEs and Startups announced the “future tasks of supporting exports of small and medium-sized enterprises using online trends” at a ministerial meeting. “We will strengthen support for online exports, which are showing an upward trend despite difficult external conditions caused by COVID-1
Sept. 14, 2020
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Pan Ocean buys into US grain terminal
South Korea's top bulk carrier Pan Ocean Co. said Monday it has completed a takeover of a 36.25 percent stake in an export grain terminal on the US northwest coast in an effort to expand its presence in the global market. Pan Ocean said it has purchased the interest from Japan's Itochu, becoming the second-largest stakeholder in the Export Grain Terminal (EGT) at the port of Longview in the state of Washington. Pan Ocean didn't disclose the financial terms of the deal. US agricultural co
Sept. 14, 2020
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[Monitor] S. Korea’s exports fall 0.2% in September
South Korea’s exports fell 0.2 percent on-year in the first 10 days of September according to Korea Customs Service’s report Sunday. The nation’s outbound shipments during the 10-day period marked $14.9 billion, down by 0.2 percent on-year from $15 billion in 2019. The daily average exports during the same period slipped by 11.9 percent. The imports in early September decreased by 7.6 percent to reach at $13 billion, from $14.1 billion last year. The economic
Sept. 14, 2020
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Samsung Electro-Mechanics develops world’s smallest power inductor
Samsung Electro-Mechanics said Sunday it has developed the world’s smallest power inductor. According to the Korean electronic components maker, the new power inductor is approximately 50 percent smaller than the industry’s previously smallest product, with a width of 0.8 millimeter and a length of 0.4 mm, a significant development from a width of 12 mm and length of 10 mm. The thickness of the latest product measures 0.65 mm. A power inductor is a key electronic component insi
Sept. 13, 2020
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LIG Nex1, Good Will Store share hope through COVID-19
LIG Nex1, an aerospace and defense company, donated some 1,000 everyday essential items to a Good Will Store in Daejeon, in hopes of softening the blow of the COVID-19 pandemic for disabled people. Full proceeds from the sales of these donated goods will be used to bolster the employment security of the disabled workers at Good Will Stores. LIG Nex1 said that this campaign attempts to foster responsible corporate culture based on voluntary participation from its employees. In other forms o
Sept. 13, 2020
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[Weekender] No more high-status vs. low-status jobs?
Jin, a 41-year-old mother of two kindergartners, has always questioned whether she wanted to put her children through cram schools. As a well-paid salary worker who followed the conventional path of education, Jin believes she was part of a “luckier” generation. She worries constantly about what new competition and challenges her children will face when it’s their turn. “While I still unconsciously think that becoming a doctor would be splendid and honorable, if my chil
Sept. 12, 2020
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Missing in delivery: Korea counts social media purchases gone wrong
An increasing number of consumers who purchased clothes through social media are reporting complaints of unshipped products and merchants suddenly vanishing altogether. According to Korea Consumer Agency on Friday, the state-run institute has received 657 cases seeking remedies for fraudulent fashion business practices on social media in the first half of 2020 -- a 38.9 percent on-year increase for the category. The most prevalent form of malpractice reported was no shipment upon payment, acco
Sept. 11, 2020
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[Newsmaker] Celltrion confirms phase 1 trial safety of COVID-19 antibody drug
Celltrion said Friday that it had confirmed the safety of COVID-19 antibody drug CT-P59 in healthy people through a domestic phase 1 trial involving 32 people. Once another clinical phase 1 trial targeting light-symptom COVID-19 patients wraps up, Celltrion plans to proceed to global phase 2 and 3 trials in as many as 12 nations targeting 500 patients. Clinical test designs for these global trials have already been submitted in seven countries, Celltrion said. Although the company refraine
Sept. 11, 2020
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Jet fuel consumption falls 40% during first quarter
The consumption of jet fuel in South Korea saw a 40.5 percent year-on-year drop during the first quarter this year, according to the latest data from the Korea National Oil Corporation. With most international flights from Korea canceled due to weak travel demand and international travel restrictions amid the coronavirus pandemic, the industry consumed just 11.59 million barrels of oil. Overall oil consumption was down 2.9 percent during the same period, standing at around 443.93 million barre
Sept. 11, 2020
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Samsung expands dominance in domestic smartphone market in Q2: report
Samsung Electronics Co. further expanded its dominance in the domestic smartphone market in the second quarter of the year, a report showed Friday, thanks to robust sales of the Galaxy A budget line and Galaxy S20 series. Samsung accounted for a 67 percent market share in the April-June period on its home turf, according to industry tracker Counterpoint Research, up 3 percentage points from the previous three months. Apple Inc. came in second with a 19 percent share, up 1 percentage point f
Sept. 11, 2020
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Samsung to benefit from Huawei ban in long run: analysts
Samsung Electronics Co. is likely to benefit from US sanctions on Chinese tech titan Huawei Technologies Co. in the long run, analysts here said Friday. The US sanctions, which ban the supply of semiconductors made with American equipment or software to Huawei without prior approval from Washington, are set to take effect next Tuesday. As US technologies are used in almost all sectors of chip production, Samsung, the world's top memory chipmaker, is expected to halt its semiconductor shipment
Sept. 11, 2020
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[Monitor] Hiring in retail, restaurants plunges
The number of employees working in retail, wholesale, restaurants and lodging has dropped drastically over the past eight months, data from the Korea Small Business Institute showed Thursday. These are industries with large proportions of self-owned businesses. The plunge in hiring in these sectors was most significant as COVID-19 infections increased between March and May. The monsoon season and consecutive typhoons have also affected the businesses, the institute said. (khnews@heraldc
Sept. 11, 2020
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Google pledges $500,000 for virus self-checkup site developed by S. Korea's military
Google has pledged $500,000 to help expand a coronavirus self-diagnosis website developed by the South Korean military's Medical Command in cooperation with government and private experts, officials said Friday. The COVID-19 checkup site helps users decide whether to visit hospitals depending on the symptoms they experience, according to the Armed Forces Medical Command. The support system also helps doctors decide on hospitalization or intensive care needs for patients through remote monito
Sept. 11, 2020
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S. Korea bans German pork imports after report of African swine fever
South Korea banned imports of pork from Germany on Thursday after an African swine fever (ASF) case was confirmed in the European country. The Ministry of Agriculture, Food Rural Affairs said German authorities verified that samples taken from a wild boar from the state of Brandenburg tested positive for the highly infectious animal disease. The ban on imports is in line with standing guidelines for food and animal safety and will affect products that have been shipped on Thursday. Pork from
Sept. 10, 2020
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S. Korea to permit export of protective face masks
South Korea will allow the export of face masks that can be used to prevent the spread of the novel coronavirus, the Korea Food and Drug Administration (KFDA) said Thursday. The move comes as supplies of surgical and anti-droplet masks in the country have stabilized and earlier shortages have been resolved, the state administration said. Seoul had banned mask exports as it experienced acute shortages amid a spike in COVID-19 cases earlier in the year. Under the changes that will go into effe
Sept. 10, 2020
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SK Biopharmaceuticals plans phase 3 trials of cenobamate in Asia
SK Biopharmaceuticals is on track to conduct phase 3 clinical trials of its novel epilepsy treatment cenobamate in Korea, China and Japan. The company announced Thursday that its phase 3 clinical trial design was approved by Korean drug authorities Wednesday, to be carried out at Seoul National University Hospital. In China, it is awaiting approval from the National Medical Products Administration, after having made the application in June. In Japan, the company is readying the application t
Sept. 10, 2020
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LG Chem flies unmanned aerial vehicle with next-gen battery
LG Chem became the first company in Korea to fly an unmanned aerial vehicle using next-generation lithium-sulfur battery into the 22-kilometer-high stratosphere, the company said Thursday. The test flight, conducted on Aug. 30 jointly with Korea Aerospace Research Institute, flew the high-altitude solar unmanned aerial vehicle EAV-3 equipped with lithium-sulfur battery for a total of 13 hours. During the flight, EAV-3 was able to stably operate in the 12- to 22-kilometer-high stratosphere fo
Sept. 10, 2020
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S. Korean snack firm Orion to build new plant in Russia
Orion Corp., a major South Korean confectionery company, said Thursday it will build a new factory in Russia to meet growing demand for its products in the Russian and Central Asian markets. The new production facility will be built in the Tver Region in western Russia at a cost of some 80 billion won ($67.5 million), the company said. Ground was already broken for the envisioned plant in July for completion by 2022, and an investment deal was signed with the government of the Tver Region on
Sept. 10, 2020