Most Popular
-
1
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
2
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
3
Yoon set for talks with Marcos in Philippines
-
4
Can Jennie break the K-pop solo artist slump?
-
5
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
6
First lady’s Dior bag scandal to be at center of Assembly audit
-
7
Yoon honors veterans of Korean War in trip to Philippines
-
8
Seoulites celebrate coexistence at Wellness Seoul 2024
-
9
[KH Explains] Can G-Star level up?
-
10
Ex-president's daughter investigated for drunk driving accident
-
Antitrust watchdog fines Yogiyo W468m for market power abuse
South Korea’s antitrust watchdog has fined local delivery platform Yogiyo 468 million won (about $380,000) for abusing its superior position at the expense of small restaurants, officials said Tuesday. Yogiyo set up by German-based Delivery Hero in 2011 is a mobile and online food delivery platform that allows users to order food from restaurants. It has the second largest market share (26 percent) here following Baemin -- which was also bought by Delivery Hero last year, in a deal that
June 2, 2020
-
[Monitor] Only 3% of Korean firms consider reshoring despite overseas supply disruptions
While more than half of South Korean firms suffered operation hiccups due to disruptions in their supply chains due to the COVID-19 spread, only 3 percent said they would consider reshoring as an alternative, a survey conducted by the Federation of Korean Industries showed. The survey also showed that even in the case of radical changes in the global supply chains, one-third of the companies had no countermeasures planned. Among the respondents, 56.7 percent said they suffered from the pandem
June 2, 2020
-
Creditors to provide additional W1.2tr to Doosan Group
Creditors of cash-strapped Doosan Group decided Monday to provide an additional 1.2-trillion-won ($1 billion) to the conglomerate. Main creditors, such as Korea Development Bank and the Export-Import Bank of Korea (Eximbank), said they agreed to give financial support at a meeting held on the day. The creditors have provided a total of 2.4 trillion won to the embattled group since March. "We have decided to additionally provide 1.2 trillion won (to Doosan Group), accepting its self-r
June 1, 2020
-
[Herald Interview] Finding talent amid COVID-19 outbreak with ManpowerGroup
Finding the right talent for the right company has become harder than ever before as the COVID-19 outbreak has dealt a heavy blow to the global economy and created a massive pool of jobs seekers at the worst possible gridlock. Deputy Prime Minister and Finance Minister Hong Nam-ki called the slump in job markets “grave” as the number of employed people in South Korea stood at 26.56 million in April, 476,000 fewer than a year ago, marking the biggest on-year decline since February
June 1, 2020
-
Electric bicycles demand surges amid COVID-19 outbreak
South Korean bicycles maker Samchuly Bicycle said Monday its sales of electric bicycles have surged as people are looking for new ways to travel amid the coronavirus outbreak. According to the company, its sales of electric bicycles have surged 34 percent on-year in the first quarter as they can serve as an alternative to crowded public transportation. “Demand for electric bicycles as well as general bicycles has jumped as customers can minimize contact with other people when travelin
June 1, 2020
-
Investors rush to buy LegoChem Bio stocks on bonus issue
LegoChem Biosciences shares hit the daily price limit of 30 percent on Monday after it announced a bonus issue -- offer of free additional share to existing shareholders for every stock they hold. “We have decided on the bonus issue, taking into consideration the low volume of stocks kept our company undervalued despite the series of upbeat license-outs,” said a LegoChem Biosciences official. The company, which is listed on secondary bourse Kosdaq, will newly issue 1,283,070 pre
June 1, 2020
-
More virus-hit duty free shops, others given deep cut in rental fee
South Korea will expand the reduction of rental fees for airport duty-free shops and other commercial facilities hit hard by the new coronavirus outbreak, the transport ministry said Monday. State-run Korea Airports Corp. (KAC) and Incheon International Airport Corp. (IIAC) will cut rental fees for duty-free shops, banks, restaurants and other businesses at the country's 15 airports by up to 75 percent by August, according to the Ministry of Land, Infrastructure and Transport. IIAC operates
June 1, 2020
-
Samsung launches world’s most curved gaming monitor
Samsung Electronics announced Monday the launch of its new Odyssey G7 gaming monitor that has the world’s first curvature radius of 1,000 millimeters. First unveiled at the Consumer Electronics Show 2020 in Last Vegas in January, the Odyssey G7 provides more immersive and comfortable gaming experience with less strain on the eyes. “Samsung Odyssey G7 curved monitor is the ultimate combination of curvature, comfort and competitive edge, giving gamers the advanced performance they n
June 1, 2020
-
Celltrion’s potential COVID-19 therapy reduces virus by 100 times in animal tests
Celltrion on Monday announced that its antiviral COVID-19 treatment candidate CT-P59 reduced the amount of SARS-CoV-2 virus in infected ferrets 100-fold in preclinical trial results, with significant improvements in lung lesions. The company said it will proceed with the first human clinical trials in July. If the results are replicated in human test subjects, CT-P59 will gain an edge in potentially becoming an acknowledged therapy for the ongoing global pandemic. “Celltrion is drawing
June 1, 2020
-
MERS survivors sustain lasting PTSD from stigma: study
Victims of emerging infectious disease suffer post-traumatic stress disorder due to social stigma, Seoul National University Hospital said Monday, prompting a renewed look at how COVID-19 confirmed patients are framed in the popular narrative. SNUH, together with National Medical Center, conducted a follow-up study on the psychological aftereffects of EID on 63 Koreans who had contracted and survived the Middle East respiratory syndrome in 2015. A total of 186 patients are registered in the
June 1, 2020
-
BAT Korea opens application for Do-Dream talent competition
BAT Korea has opened applications for its talent-fostering competition BAT Do-Dream on Monday, setting this year’s theme as “Environment and social activities for a better tomorrow.” The tobacco firm started its talent competition in 2017, where participants pitch their goal activities, such as writing a scenario or starting a new business, and the company selects a number of teams and provides financial support. On Friday, BAT Korea held a BAT Do-Dream Talk Concert in Seou
June 1, 2020
-
Hyundai Heavy to increase spending on safety measures
Hyundai Heavy Industries Group, South Korea's ninth-biggest conglomerate, said Monday it will spend an additional 300 billion won ($244 million) to beef up safety for its workers over the next three years. With the additional spending, the group will spend a total of 1.64 trillion won during the cited period to improve safety at the facilities of its nine affiliates, including Hyundai Heavy Industries Co., the country's biggest shipbuilder, it said in an emailed statement. It will also increa
June 1, 2020
-
5G subscribers in S. Korea top 6 million: data
More than 6 million South Koreans were subscribed to 5G mobile networks as of April, a year after the country adopted the service, government data showed Monday. The number of 5G users in the nation reached 634 million as of the end of April, up 7.8 percent from a month earlier, according to the data compiled by the Ministry of Science and ICT. The nation's three carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- rolled out the commercial 5G network last April and have aggressively pr
June 1, 2020
-
LS C&S develops app to recommend customized cables
LS Cable & System said Monday it has developed a mobile application that allows users to find cables even without professional knowledge. The app called ConnectLS recommends most suitable cables for users with a couple of touches instead of calculating allowable current considering various conditions, LS C&S said. There are hundreds of types of cables used in power transmission networks, construction and industrial sites. ConnectLS recommends cables when a user selects various condi
June 1, 2020
-
KITA partners with Startup Junkie for US test bed
The Korea International Trade Association said Monday it is joining hands with US-based Startup Junkie to back Korean startups to test their technologies and products overseas. The partnership deal was signed by chief of KITA’s innovation growth division Dong-ki and Louis Diesel, director and head of Asia at Startup Junkie, in Seoul. Startup Junkie is funded in large part by the Walton Family Foundation, a philanthropic organization led by the family of Walmart founder Sam Walton, as we
June 1, 2020
-
NCSOFT's Lineage 2M highest grossing app on Google Play Store in Q1
Lineage 2M, a mobile massively multiplayer online role-playing game (MMORPG) by South Korean online game maker NCSOFT Corp., was the highest grossing app on the Google Play Store during the first quarter of the year, industry data showed Monday. The mobile version of the mega-hit game "Lineage 2" was the most popular app in the world on Android platforms during the January-March period, partly on the back of the novel coronavirus pandemic that has confined people to their homes, the
June 1, 2020
-
SKC to spend W120b on new copper foil plant
South Korean chemicals maker SKC Co. said Monday that it will invest 120 billion won ($98 million) to build a new plant for its copper foil subsidiary in an effort to help cement the latter's market position. The company will break ground on SK Nexilis' sixth plant in the southwestern city of Jeongeup in August this year for completion in the first quarter of 2022, said SKC, a unit of South Korea's No. 3 conglomerate SK Group. The factory will have an annual capacity of 9,000 tons, raising S
June 1, 2020
-
Hyundai Engineering invests in Poland's polypropylene plant
Hyundai Engineering Co., a plant engineering affiliate of Hyundai Motor Group, said Monday it has signed a deal with three business partners to invest a combined $733.3 million in a polypropylene plant in Poland. Of the planned investment, Hyundai Engineering and South Korea's state-run Korea Overseas Infrastructure & Urban Development Corp. will invest a combined $130 million, Hyundai Engineering said, without elaborating on its own investment and its stake in the project. The two other
June 1, 2020
-
KT Skylife mulling entering budget phone service market
KT Skylife Co., a satellite broadcasting provider in South Korea, is considering entering the budget phone service market, industry sources said Monday, as it tries to explore a new growth engine beyond the pay TV business. The affiliate of South Korean telecommunication firm KT Corp. recently expressed its intent to the Ministry of Science and ICT for a mobile virtual network operator (MVNO) business, according to the sources. MVNOs refer to companies that rent infrastructure from major te
June 1, 2020
-
OB’s makgeolli-beer cocktail video starring Baek Jong-won hits 1 million views
South Korea’s largest beer maker by revenue, Oriental Brewery said Sunday its YouTube videos starring chef Baek Jong-won have pulled in a total of 13 million views, creating a new boom of “MakCass” -- a mixture of Korea’s traditional liquor makgeolli and OB’s flagship beer Cass. OB released six videos on its channel Cass, dubbed “Essential Beer Class,” starting May 4, where Baek and comedian brothers Yang Se-hyung and Se-chan talk about liquor and beer
June 1, 2020