Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Yoon set for talks with Marcos in Philippines
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Korean bands get their day in the sun, finally
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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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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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Firefighters’ 3,000 won meals spark nutrition concerns
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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Posco promotes SsangYong’s new Korando
South Korean steelmaker Posco has launched a joint promotion on Wednesday to promote SsangYong Motor’s new sport utility vehicle Korando, by exhibiting them in its headquarters in Seoul. This promotion is part of Posco’s campaign “Business with Posco” aimed for mutual growth with its partners, clients and suppliers. Posco Chairman Choi Jeong-woo (right) and SsangYong Motor's Vice President Yea Byung-tae (Posco)On the day, Posco Chairman Choi Jeong-woo joined a test-drive event of SsangYong’s new
March 20, 2019
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Drug wholesalers to pressure global pharma firms: reports
The Seoul branch of the Korea Pharmaceutical Distribution Association intends to exert pressure on global pharma firms operating here to cooperate regarding refunds and logistics costs for returning unsold drugs that are still usable elsewhere, news reports said Tuesday.In an informal gathering with the media after a meeting of the organization’s board of directors, Park Ho-young, chairman of the association’s Seoul branch, reportedly expressed dissatisfaction with the refusal of some global dru
March 19, 2019
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Korea Game Society to introduce diabetes-managing game
Korea Game Society on Friday will introduce a functional game that can help patients with diabetes better manage their dietary pattern.An Android diabetes self-management application “Roly Poly 160” is set to be presented at a seminar, to be held at Contents Korea Lab in Jung-gu, Seoul.The game incorporates elements such as quizzes, ranking system and in-game avatars, to existing educational materials. By doing so, the app aims to engage patients with diabetes to familiarize themselves with bene
March 19, 2019
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LS Cable & System launches eco-friendly cable for vessels
LS Cable & System said Tuesday it has launched cables capable of supplying shore-side electricity to vessels with the hope of replacing the conventional ways of power supply that results in air pollution. The cable is used to supply vessels anchored at a port with power from shore-side facilities. (LS Cable & System)The firm hopes this will replace the conventional way of generating power, which is made during the operation of the engine using bunker C oil as fuel. During this process, air pollu
March 19, 2019
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Hyundai, Kia invest $300m in India’s mobility service provider
Hyundai Motor Group said Tuesday it will invest $300 million in India’s largest ride-hailing platform Ola, its biggest investment so far.Under the agreement, Hyundai Motor, Kia Motors and Ola will collaborate on developing fleet and mobility solutions, as well as building India-specific electric vehicles and infrastructure, the firm said.Chung Eui-sun (right), executive vice chairman of Hyundai Motor Group, and Bhavish Aggarwal, co-founder and CEO of Ola (Hyundai Motor)Through the partnership, O
March 19, 2019
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Dong-A ST’s diabetes drug Valera to launch in India
South Korean pharmaceutical company Dong-A ST’s diabetes treatment Suganon will launch in India on April 1. The drug will sell under a localized new name, Valera, which in Latin means “strong.” A change of name is common for drugs when they launch overseas where original names may have already been taken by other legal entities. Suganon, or Valera, is a novel drug developed by Dong-A ST. India is the first overseas nation where the drug will be launched. Valera (Dong-A ST)Dong-A ST had licensed
March 18, 2019
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Can Korea clinch title as ‘world’s first’ 5G-powered country?
With news of US mobile carrier Verizon possibly beating South Korean players in launching the world’s very first 5G mobile service next month, speculations have run amok over whether local telecom companies will hasten their releases despite regulatory and technical hurdles. In a statement released Wednesday, Verizon said it would start offering 5G service in parts of Chicago and Minneapolis on April 11. The company said the service will cost consumers $10 a month more than previous generation’
March 18, 2019
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Biosimilar Samfenet wins patent invalidation against Herceptin in Korea
Samsung Bioepis’ breast cancer treatment biosimilar Samfenet, known as Ontruzant outside of Korea, won a patent invalidation suit against the original Roche drug Herceptin (trastuzumab), according to industry sources Monday.Korea’s Intellectual Property Trial and Appeal Board on Thursday last week accepted Samsung Bioepis’ claim that Roche’s patent for “Protein Purification by Ion-Exchange Chromatography” lacks patentability. The patent had been registered with the IPTAB in 2011 and was to expir
March 18, 2019
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LG partners with Gwangju City to foster air-purifying ecosystem
LG Electronics has partnered with Gwangju City to foster an industrial ecosystem focused on air quality, amid growing concerns over air pollution in South Korea, according to the government.Fostering such an industrial ecosystem is one of the government’s regional initiatives to stimulate the recovery of 14 regions that are facing industrial hollowing out. The effort will focus on the development of technologies and products for air purifiers, humidifiers and dehumidifiers amid growing demand fo
March 18, 2019
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Strong sales continue for Kumho Tire’s premium Majesty 9
Kumho Tire’s premium tire the Majesty 9 continues to turn in a strong sales performance, reflecting the market’s positive response to its high quality and upgraded features, the company said Monday. The tire maker said sales of the Majesty 9 SOLUS TA91 had increased 30 percent last year compared with the previous model in the same period in 2017.The Majesty 9 employs technology that helps reduce noise on the road, for a much quieter and significantly upgraded riding experience. The secret is a c
March 18, 2019
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Posco Daewoo rebranded as Posco International
Posco Daewoo has decided to rebrand itself as Posco International during a general shareholders meeting, according to the trading arm of South Korea’s largest steelmaker Monday. The firm said the change of the name is aimed at shaping its identity as a global trading company, leading global business of Posco Group and raising the future valuation. Posco International CEO Kim Young-sang (Posco International)“The launch of Posco International is an important momentum to create synergies with overs
March 18, 2019
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[Sky’s the Limit] Booyoung’s real estate dilemma on acquiring Samsung assets
The Korea Herald is publishing a series of articles and videos about some of the most expensive and fascinating landmark office buildings in Seoul. -- Ed. Defining the symbolic cityscape of Seoul is Sejong Main Street, a 10-lane road that runs across the downtown area, stretching from Seoul Station to Gwanghwamun Square. Halfway along this main road, just north of Sungnyemun, the southern gate of Seoul, is the “Taepyeong-ro zone,” location of landmark buildings such as the palace Deoksugun
March 17, 2019
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Sonata preorders surpass 10,000 mark in 5 days
The number of preorders for Hyundai Motor’s all-new Sonata has surpassed the 10,000 mark in five days across the country since the carmaker start receiving orders on March 11, the company said Sunday.The eighth-generation Sonata sedan is selling faster than the previous one, around 2,000 units a day. On average, a total of 5,487 units of the seventh-generation Sonata, also known as Sonata LF, were sold a month last year, the company explained. The 8th generation Sonata (Hyundai Motor)The portion
March 17, 2019
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South Korean conglomerates’ cash reserves hit record high
South Korea’s largest 10 conglomerates held record-high cash reserves last year, as they earned more on thriving chip businesses but spent less on fears of a sluggish economic outlook.According to local corporate tracker Chaebul.com on Sunday, the nation’s 10 biggest business groups by assets had combined cash reserves of around 248 trillion won ($218 billion) last year, up 12.2 percent from 2017, based on the consolidated financial statements of their 95 affiliates. The cash reserves in consoli
March 17, 2019
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[Feature] Korea’s peeping Tom dilemma: Are censors getting too much power?
On Feb. 16, a group of young people arrived at Seoul Station to get ready for a protest. Candles and placards were handed out to the participants, who had already begun to fill the street outside the station in downtown Seoul. But there was one stark difference between this protest and so many others in the city: Almost all the participants were men. In fact, there was only one woman in the crowd of 100 or so protesters. The purpose of the gathering was to denounce the government’s decision to b
March 17, 2019
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Korean firms face backlash from foreign investors over financial statements
Most of the big Korean companies are facing disapproval from foreign pension funds over their financial statements ahead of their imminent shareholders meetings in March, as they have not been audited by an independent panel.On Korea Corporate Governance Service’s online website Voting Information Plaza, of the 89 companies that have posted their agenda for annual shareholders meetings, 56 received opposition from more than one foreign pension fund. (Yonhap)The State Board of Administration of
March 17, 2019
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USTR requests consultations with S. Korea on competition issues
The US trade authority said Saturday that it has made a request to the South Korean government to have consultations under the bilateral free trade deal on resolving competition-related issues."The Office of the US Trade Representative today requested the first ever consultations with the Republic of Korea under the chapter on Competition-Related Matters (Chapter 16) of the United States-Republic of Korea Free Trade Agreement," the USTR said in a press release posted on its homepage."Through the
March 16, 2019
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LG Uplus seeks gov't approval for cable TV acquisition
LG Uplus Corp. on Friday sought approval from the government to purchase a majority stake in leading cable TV operator CJ Hello, officials said. The Ministry of Science and ICT will review whether South Korea's No. 3 mobile carrier's move to become the largest shareholder of CJ Hello is in accordance with the country's telecommunication and fair trade laws. (Yonhap) Earlier, the board of directors of LG Uplus approved the purchase of a 50 percent plus one share stake in CJ Hello from CJ EN
March 15, 2019
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Coupang appoints ex-Walmart official Jay Jorgensen as new CCO
South Korean e-commerce company Coupang said Friday that it has tapped a former vice president at Walmart as its new chief compliance officer and general counsel. Based on his legal expertise, Jay Jorgensen had served as Walmart’s vice president and CCO for seven years since 2012. His effort to organize and implement the ethics program among employees has been awarded as the best governance, risk and compliance program by New York Stock Exchange Governance Services in 2016. Coupang’s new CCO Jay
March 15, 2019
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South Korea bans B737 Max 8 in its airspace for 3 months
South Korea’s government said Friday that all Boeing 737 Max 8 aircrafts will be banned from passing the country’s airspace for safety issues until June 15, in the wake of a recent plane crash in Ethiopia which killed all passengers on board.The Ministry of Land, Infrastructure and Transport released a Notice to Airmen (NOTAM) to alert pilots and air carriers on its decision to forbid B737 planes from flying in and out the country for the next three months. (Yonhap)The measure came a day after t
March 15, 2019