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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LG Hausys expands foothold in North American market
LG Hausys is increasing its presence in North America by operating its third engineered stone production line at a plant there. The South Korean construction and interior materials company is also introducing its new product lineup at the Kitchen & Bath Industry Show 2020 in Las Vegas, which runs through Thursday. At the show, the company has introduced 20 artificial marble products, it said in a statement released Tuesday. “The company this year will try to attend exhibits and events,
Jan. 21, 2020
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SK Broadband-T-broad merger gets green light
South Korea’s ICT Ministry on Tuesday gave its thumbs up to the merger of SK Broadband and T-broad, the second-largest cable TV operator here. The ministry has also listed conditions aimed at minimizing side effects from new service providers that could drive out relatively small-sized media businesses across the country. The government has been cautious over the merger as it is the first case between nationwide IPTV operator and a local cable system operator.The conditions include sp
Jan. 21, 2020
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Samsung, LG to introduce new kitchen appliances at US trade show
South Korea's two tech giants -- Samsung Electronics Co. and LG Electronics Inc. -- said Tuesday they will unveil their new home appliance products at a US trade show for the kitchen and bath market, highlighting their built-in design and artificial intelligence solutions. Samsung and LG are among the 600 exhibitors at the Kitchen & Bath Industry Show 2020, set to kick off its three-day run in Las Vegas, Nevada, on Tuesday (local time). The two companies already showcased their latest home a
Jan. 21, 2020
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Hyundai Merchant targets 25% sales increase in 2020
Hyundai Merchant Marine Co., South Korea's biggest shipping company by sales, said Tuesday it aims for a 25 percent rise in its 2020 sales on the back of increased cargo-shipping demand.Hyundai Merchant Marine's sales came to 4.16 trillion won ($3.5) in the January-September period. Sales for the fourth quarter have yet to be released.Hyundai Merchant Marine also said it could shift to an operating profit in the third quarter this year, citing increased cargo-shipping demand and its April joinin
Jan. 21, 2020
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LG Electronics launches wireless earbuds in US
LG Electronics Inc., a major South Korean electronics maker, said Tuesday it has launched its premium wireless earphones in the United States to expand global sales. The LG TONE Free HBS-FL7, Bluetooth wireless earbuds, is now available in the U.S. market, according to LG. The company added it also plans to sell the product in Europe and other Asian countries this year. LG's totally wireless stereo earbuds made their debut last year in South Korea.Its wireless earphones applied tuning and digita
Jan. 21, 2020
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S. Korea to invest W1.2tr in R&D projects for medical instruments
South Korea said Tuesday it will invest 1.2 trillion won ($1 billion) in research and developmentn projects for medical instruments over the next six years to foster the area as one of the new growth engines for Asia's No. 4 economy.The spending will be aimed at beefing up global competitiveness of local medical instruments and provide the public with better medical services, according to the joint statement by industry, science, welfare and drug safety ministries.The country will also aim to pe
Jan. 21, 2020
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Renault Samsung union back to table for wage negotiations
Renault Samsung Motors Corp.'s union on Tuesday suspended partial strikes to resume negotiations with the company over wages for the year of 2019. Renault Samsung workers have staged partial strikes at its sole plant in Busan, 453 kilometers south of Seoul, for higher wages in the past 19 days. It caused production losses of about 10,400 vehicles worth about 200 billion won ($173 million), according to the automaker. To avoid further losses resulting from walkouts, the company has partially shut
Jan. 21, 2020
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Samsung promotes 162 execs as follow-up to leadership reshuffle
Samsung Electronics Co. on Tuesday announced the promotion of executives in a follow-up to the recent reshuffle of its major business heads. Samsung said 162 executives earned promotions in the annual reshuffle, with 14 moving up to executive vice president positions.Twenty four executives got early promotions in the reshuffle, six more than in the 2018 reshuffle. The group usually announces personnel reshuffles in December, but the appointments were delayed as trials involving Samsung heir Lee
Jan. 21, 2020
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KT develops 5G-powered medical service
KT Corp., South Korea's major telecommunications firm, said Monday it has developed a 5G-powered medical service with a Seoul hospital to provide better patient care. KT said it built a 5G network at the Samsung Medical Center and successfully applied its 5G technology to medical practices last week.KT and the SMC have been working together since September 2019 after signing a partnership to develop 5G-powered medical services. Through its 5G network, KT said medical staff at the SMC can now hav
Jan. 20, 2020
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KCC conditionally approves SK Broadband, T-broad merger
The Korea Communications Commission on Monday conditionally approved a merger between SK Telecom’s pay TV unit, SK Broadband, and T-broad, the country’s No. 2 cable TV operator. After its meeting on Monday, the KCC announced that it had approved the merger under 14 conditions and three suggestions, which will require the company to protect users’ rights and serve the public interest. The KCC will deliver the results of its review to the ICT Ministry, which is expected to issue
Jan. 20, 2020
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CheongKwanJang collaborates with Spain’s Vicens
Red ginseng health supplement brand CheongKwanJang of Korea Ginseng Corp. said Monday it has collaborated with Spain’s renowned chocolate and nougat brand Vicens.The products, released last month, are the result of a partnership between the 120-year-old South Korean firm and Vicens -- with 250 years of tradition -- to introduce six different chocolate types featuring red ginseng. Vicens has been making chocolates and turrons (nougats) since its establishment in 1775. The latest collaborati
Jan. 20, 2020
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[Monitor] Chip exports down, car exports up
Semiconductors, usually South Korea’s main export item, accounted for less than 20 percent of all exports in 2019, data compiled by the Korea International Trade Association, the Trade Ministry and the Korea Customs Service showed.On the other hand, automobiles, on the back of buoyed sales of sport utility vehicles and eco-friendly cars, were the country’s No. 2 export item. While the actual number of cars delivered overseas dropped by 1.9 percent from 2018, their export value increa
Jan. 20, 2020
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Free ‘dark nudge’ gimmicks spook online subscribers
Online “dark nudge” services -- free trial subscriptions -- are rattling South Koreans who end up paying fees they do not anticipate, according to the consumer agency Monday.A number of online services, such as music and media streaming sites lure consumers by offering trial subscription and automatically charge the users for the service after the period is over. This small “nudge” of free trial periods are used by businesses targeting consumers who are not very careful a
Jan. 20, 2020
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Business, political leaders mourn Lotte founder
South Korea’s business figures and political leaders joined relatives on Monday to mourn the death of Lotte Group founder and Honorary Chairman Shin Kyuk-ho, a first-generation founder of one of the country’s biggest conglomerates.Shin passed away at around 4:20 p.m. on Sunday, at the age of 97.At the funeral altar at Asan Medical Center in Seoul, influential figures from various circles came to pay their respects. On Monday, Shin’s second son, Shin Dong-bin, the chairman of Lo
Jan. 20, 2020
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[Photo News] Sharing warmth
S-Oil CEO Hussain A. Al-Qahtani (second from left) hands out meals to the homeless on Monday, as part of the company’s annual Lunar New Year’s volunteer activity. The company said some 100 employees have participated to offer meals and food products to the homeless and some 500 households, including senior citizens and the disabled. S-Oil has been conducting Lunar New Year’s volunteer activity for 14 consecutive years, dating to 2007.
Jan. 20, 2020
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SKT plans to offer 5G stand-alone service in H1
SK Telecom Co., South Korea's top mobile carrier, said Monday it plans to launch a 5G stand-alone service in the first half of the year after a test on its commercial 5G network was successful. Its stand-alone 5G data call using the company's multi-vendor commercial 5G network in Busan last week ended successfully, according to SKT. The result means the company can provide a 5G standalone service through a software upgrade without replacing its base stations.For its standalone 5G network, SKT sa
Jan. 20, 2020
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Late Lotte founder’s asset inheritance unlikely to affect group
The demise of Lotte Group founder and Honorary Chairman Shin Kyuk-ho on Sunday has put the spotlight on the distribution of his assets amongst his kin, reportedly worth over 1 trillion won ($864 million).However, market watchers are of the opinion that it will not affect the current leadership structure of Lotte Group, led by his second son and Chairman Shin Dong-bin. The inheritance is expected to be finalized through family counseling under the guidance of a legal representative. The late Shin
Jan. 20, 2020
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CJ ENM's W25.3b K-pop investment fund to launch
CJ ENM, the operator of K-pop-oriented cable channel Mnet, said Monday it will launch a 25.3 billion-won ($21.8 million) investment fund dedicated to the K-pop industry.The establishment of the fund, KC Vivace Investment Association, is in line with the entertainment giant's pledge three weeks earlier to set up a 30 billion-won investment fund to apologize for vote manipulation in a fan-voted Mnet K-pop audition show. Chief producers of the popular audition show, "Produce 101," are sta
Jan. 20, 2020
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S. Korea to jack up spending on energy R&D in 2020
South Korea said Monday it will spend more on research and development in the energy segment this year as the country targets clean and sustainable economic growth.South Korea will spend 916.3 billion won ($789 million), a 19-percent rise from last year, on such projects, according to the Ministry of Trade, Industry and Energy. Most of the money will be allocated to projects related to South Korea's green energy drive.Last year, Seoul unveiled its initiative to create a hydrogen economy, s
Jan. 20, 2020
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[Graphic News] Exports of processed rice goods up 20% in 2019
South Korea’s outbound shipments of processed rice products shot up last year, amid the booming popularity of Korean dramas, K-pop and other cultural content abroad, data showed. Exports of these products reached $106 million in 2019, marking a sharp rise from $89 million posted a year earlier, according to the Ministry of Agriculture, Food and Rural Affairs. The exports also nearly doubled from $55 million posted in 2015. These products cover a wide range of food items, such as snacks, n
Jan. 19, 2020