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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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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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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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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Firefighters’ 3,000 won meals spark nutrition concerns
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Yoon honors veterans of Korean War in trip to Philippines
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Korean Air to expand in-flight entertainment with more Korean contents
The country’s national flag carrier Korean Air said Thursday it will update its audio-video on demand inventory to meet the growing preference of passengers for Korean Wave contents. The airliner said Thursday it will add a new batch of K-dramas and entertainment contents to its library in response to the global Hallyu fever. The number of miniseries contents -- currently about 80 -- will be expanded to around 260. The AVOD update will commence in September and be completed by the en
Feb. 13, 2020
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S. Korea to expand support for floriculturists amid new coronavirus spread
SEJONG -- South Korea said Thursday it will roll out a set of measures to support flower farmers who have been facing falling demand, as the spread of the new coronavirus has led to the cancellation of outdoor ceremonies such as graduations. Flower farms facing financial troubles due to the novel virus are eligible to apply to a business rehabilitation fund of 30 billion won ($25.4 million) designed to help farmers facing unexpected events in the market, according to the Ministry of Agricultur
Feb. 13, 2020
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Coronavirus hits mobile carriers' launch ceremonies for Galaxy S20
South Korean mobile carriers are moving to cancel launch ceremonies for Samsung Electronics Co.'s new Galaxy S20 smartphone amid the coronavirus scare, industry sources said Thursday. South Korea's top mobile phone operator SK Telecom Co. and No. 2 industry player KT Corp. had originally planned to hold launch ceremonies for Samsung's new flagship smartphone on Feb. 27. According to the sources, SK Telecom, the crown jewel of South Korea's third-largest conglomerate SK Group, will not hold a
Feb. 13, 2020
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SK Plasma taps Middle East through Egypt’s ACDIMA
SK Plasma said Wednesday that it has signed a memorandum of understanding worth $330 million with Egypt’s state-run pharmaceutical company ACDIMA. Under the memorandum, SK Plasma will now contract manufacture plasma-derived medical products using 1 million liters of Egyptian plasma at its facility in Andong, North Gyeongsang Province, which has an annual capacity of 600,000 liters. It will also transfer plasma fractionation technology to ACDIMA and construct a plasma fractionation plant
Feb. 12, 2020
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NCSoft draws bow for W2tr revenue in 2020
NCSoft is set to break through the 2 trillion won ($1.7 billion) annual revenue mark this year, on the back of Lineage2M and upcoming titles Aion 2 and Blade & Soul 2M. The company’s 2019 fiscal report released Wednesday showed that it earned 1.7 trillion won last year, down 1 percent from the previous year. While NCSoft shouldered a 22 percent on-year operating loss due to decreased royalties, in the fourth quarter alone, after the launch of new mobile game Lineage2M, the company r
Feb. 12, 2020
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[From the Scene] Chinese restaurants, food industry suffer upon novel coronavirus fear
Health authorities insist the transmission of the novel coronavirus through food is unlikely, but fears concerning Chinese food and imported ingredients are spreading fast, and hitting the industry hard. Almost a month has passed since the first novel coronavirus patient was confirmed in Korea, and Chinese restaurant owners are struggling to make ends meet, as rumors backed by anxiety are quickly circulating that the epidemic could be spread via food. “I suggested having skewered meat
Feb. 12, 2020
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Riot Games Korea gives accumulated total of W6b for cultural artifact preservation
Riot Games Korea announced Wednesday it will continue its corporate social responsibility program of cultural artifacts preservation and that it donated an additional 800 million won ($677,000) this year to the Cultural Heritage Administration. The Korean arm of the US-based game company has collaborated with the Cultural Heritage Administration since end-2011 to reclaim artifacts that were once lost but found in overseas locations. So far, Riot Games Korea has donated a total of over 6 bill
Feb. 12, 2020
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African cocoa cartel’s price hike stirs up Korean chocolate makers
South Korean chocolate manufacturers are holding their breath as the world’s top two cocoa producers have decided to charge a fixed premium on their produce. Last July, the West African nations of Cote d’Ivoire and Ghana -- which command more than 60 percent of global cocoa production -- announced a $400 premium over the futures price of every metric ton of cocoa from October 2020. Though the “living income differential,” or LID, premium aims to provide higher and st
Feb. 12, 2020
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CJ ENM partners with US-based production firms
CJ ENM partners with US-based production firms By Shim Woo-hyun CJ ENM said Wednesday it has signed a strategic partnership deal with US-based production giant Skydance Media to increase its foothold in the global market. The company and New York-based hedge fund RedBird Capital Partners have made investments worth $275 million in David Ellison’s Skydance Media, according to the firm. Skydance Media was first started in 2010 by the 37-year-old son of Oracle founder Larry Ellison. It is well
Feb. 12, 2020
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KAI joins Singapore Airshow to showcase high-tech aircraft
Korea Aerospace Industries said Thursday it is participating in the Singapore Airshow 2020 to showcase a variety of high-tech aircraft. The Singapore Airshow, which kicked off Tuesday, is one of the world’s three largest air shows, along with the Paris Airshow and Farnborough Airshow. During the six-day event, KAI presents various aircraft, including light combat aircraft FA-50, basic training aircraft KT-1 and transport utility helicopter Suorin. It also displays high-tech aircraft i
Feb. 12, 2020
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Sales of toys, functional foods jump on coronavirus
Sales of toys and functional foods are surging in South Korea as children stay home longer and people pay more attention to their health due to a prolonged new coronavirus scare, industry sources said Wednesday. Online shopping site Auction said its sales of toys for toddlers and children skyrocketed from a year earlier in the seven-day period to Sunday. Sales of slides and other large toys nearly tripled over the cited period, and shipments of multi-function play sets, which combine a slide
Feb. 12, 2020
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Galaxy Buds+ lasts 11 hours on single charge
Samsung Electronics on Tuesday announced the launch of its upgraded wireless earphones Galaxy Buds+ armed with woofer sound and clearer mic function, with battery that can last for 11 hours on a single charge. Galaxy Buds+ is also the first set of wireless earphones from Samsung that is compatible with iOS, posing a competition to Apple’s latest AirPods Pro. Galaxy Buds+ is equipped with dynamic two-way speaker and three microphones for deeper sound and clearer voice calls, the firm expl
Feb. 12, 2020
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Genexine CEO gives stocks worth W8.2b to family
Biotech company Genexine’s CEO Sung Young-chul on Tuesday gifted his stocks worth 8.2 billion won ($6.9 million) to his two daughters, sons-in-law and wife. Genexine, which is listed on the secondary bourse Kosdaq, filed a disclosure on Friday about the transfer of stocks, but it was belatedly reported that his daughters were the beneficiaries. Sung has in the past gifted his stocks to academic associations, hospital and universities on several occasions, but this is the first time he h
Feb. 11, 2020
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Samsung SDI announces joint venture with local battery material maker
South Korea’s second-largest battery maker Samsung SDI said Tuesday it will launch a joint venture with local battery material maker EcoPro BM, as part of its efforts to develop next-generation batteries and better respond to the growing demand from global electric vehicle makers. EcoPro BM will invest 72 billion won ($60.8 million) for a 60 percent share in the joint venture, while Samsung SDI will invest 48 billion won for a 40 percent share in the new company. They plan to complete
Feb. 11, 2020
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GC Pharma, SK Plasma going global to offset blood shortage
GC Pharma and SK Plasma, the two South Korean companies that produce plasma-derived medical products, or PDMPs, are actively seeking overseas expansion to offset the limited blood supply in Korea. For companies that use human blood, or more specifically plasma, procuring sufficient amounts is the toughest obstacle to business. Blood can quite literally be turned into medicine once it is separated into its component parts. The red fluid running through our blood vessels is actually 55 percent
Feb. 11, 2020
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S. Korea to raise W31.5b fund to foster agricultural startups
SEJONG -- South Korea said Tuesday it plans to raise funds worth 31.5 billion won ($26.5 million) this year to foster startups in the agriculture and fisheries segment as part of its broader efforts to enhance the vitality of rural areas. The fund -- which will be raised jointly by the state and the private sector -- will center on supporting people seeking new business opportunities in farms and fishing towns, according to the Ministry of Agriculture, Food and Rural Affairs. The ministry sai
Feb. 11, 2020
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[Monitor] Overcrowded restaurant business still attracting new players
The already crowded restaurant business has continued to expand over the past several years, with restaurateurs accounting for 10 percent of all self-employed businesspeople, data from the Seoul Metropolitan Government showed. This means around 12,000 to 16,000 restaurants open each year. Of them, the greatest number, or 57,797 sell Korean dishes. Next most popular are fried chicken restaurants (5,413), Korean-Chinese restaurants (4,770) and Japanese restaurants (4,087). The number of restau
Feb. 11, 2020
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[Photo News] Coex launches 'mask united' campaign
Lee Dong-won (third from right, front row), CEO of the Convention and Exhibition Center, launches a “mask united” campaign with staff and executives amid the coronavirus outbreak, to contribute to the recovery of the Korean economy and ensure the safety of visitors at Coex in Gangnam-gu, Seoul, on Tuesday. (Yonhap) (khnews@heraldcorp.com)
Feb. 11, 2020
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LG CNS ditches ID card for facial recognition system
LG CNS, the information and communication technology solutions affiliate of LG Group, has adopted artificial intelligence-based facial recognition technology to boost its security. The company said Tuesday that it has rolled out facial recognition devices on its 26 points of entry at its headquarters within LG Science Park in Magok, Seoul. LC CNS collaborated with AI startup SenseTime to develop the biometric entry service. The service can verify captured faces with images in its databas
Feb. 11, 2020
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Online shopping more popular amid coronavirus scare: analysts
South Koreans are increasingly favoring shopping online for daily necessities due to safety concerns over the spread of a new strain of coronavirus, analysts said Tuesday. "Shopper sentiment has grown more against offline shopping," said SK Securities Co. analyst Lee So-joong, after people later diagnosed with the new coronavirus recently visited a hypermarket chain and duty-free shops. Online shopping has grown in recent weeks after the South Korean authorities announced the first
Feb. 11, 2020