Most Popular
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Son Ye-jin is not worried about aging
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Samsung projects 15-fold surge in Q2 profit
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Man turns self in over offensive comment about car crash victims
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[Exclusive] US troops in S. Korea could be reduced, but not withdrawn, Trump allies tell Seoul lawmaker
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Is Hybe Chairman Bang Si-hyuk really ignoring NewJeans?
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Just 1 in 4 Korean teens 'content with life'
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Opposition leader's attacker sentenced to 15 years in prison
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Hyosung's estranged son donates inheritance, seeks to end family feud
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90% of Gen Z says they won't keep quiet over problems at work
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Surprise appearance of Son Heung-min packs public park in minutes, prompts police to control area
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[Photo News] Jinro Plum in US
(Hite Jinro)South Korean liquor maker Hite Jinro’s low-alcohol fruit-flavored soju Jinro Plum is being advertised during a Korean Parade held at an annual K-town Festival in Manhattan, New York, Saturday. By using its bottle-shaped characters and bus advertisements, the company will promote the brand targeting both locals and Koreans in the US until Nov. 2. The promotional bus will also run in other cities like Chicago, Dallas, Las Vegas and San Francisco. According to the company, Jinro America
Oct. 9, 2018
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Foldable display market to grow to 63 million units in 2022
The global foldable display market is expected to grow to 63 million units in 2022, with revenue of $8.9 billion, according to a US display research firm. But doubts remain over whether consumers are willing to pay high prices for new foldable devices, as growth of the smartphone market is losing steam globally. Display Supply Chain Consultants said in its latest report that the foldable display market is expected to reach 3.1 million units in 2019, with Samsung Electronics and Huawei launching
Oct. 9, 2018
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Samsung SDI rolls out CSR activities for 19 communities
Samsung SDI has embarked on a three-week corporate social responsibility campaign during October, to take place at six SDI locations across the country, the company announced Monday. The battery-making unit of Samsung will roll out a variety of activities to serve communities surrounding its workplaces, including farm work, book donations, mural painting and the provision of ophthalmologic care for local residents. The activities will take place in 19 communities in Cheonan, Ulsan, Gumi, Cheongj
Oct. 8, 2018
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[Newsmaker] Lotte Chairman Shin Dong-bin back at work, scrambles to normalize business
Following the appeals court’s suspension of his sentence last week, Lotte Group Chairman Shin Dong-bin returned to work Monday after eight months away, facing pending decisions including kick-starting Lotte Chemical’s 4 trillion-won ($3.5 billion) petrochemicals project in Indonesia and completing the group’s corporate governance overhaul plan.The leader’s absence had dealt a blow to the country’s fifth-largest conglomerate, where about 10 mergers and acquisitions deals here and abroad, worth so
Oct. 8, 2018
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Starting next week, Koreans to get text messages 6 months before passports expire
South Korea’s Foreign Ministry and the telecommunications company KT have partnered to inform citizens via text message when their passports approach expiration, the company said Monday. An employee introduces a new service in cooperation with the Foreign Ministry to inform citizens six months in advance of their passports’ expiration dates. (KT)Under the service, which will be launched next Monday, citizens whose passports are due to expire within six months will receive alerts in advance to al
Oct. 8, 2018
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eBay Korea delivers special vests for firefighters
EBay Korea, which operates South Korea’s leading online retailers G-market, Auction and G9, has delivered specially designed vests for firefighters in North Jeolla Province, the firm said Monday. A firefighter holds a special vest delivered by eBay Korea. (eBay Korea)According to eBay Korea, the delivery was part of the company’s “Here Hero” corporate outreach campaign that began last year to provide products needed by firefighters in regions with low fiscal independence. Up to 1 billion won ($
Oct. 8, 2018
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Travel agency to offer eco peace tour package to DMZ
A tour agency specializing in travel to Korea's heavily armed demilitarized zone said Monday it will sell a new package to the area that highlights the ecosystem and peace instead of security-centered sightseeing.DMZ Tour Korea will offer a "Cheorwon DMZ peace and eco winter travel" package from Oct. 27 to the end of March next year that features a visit to Cheorwon, a county that is situated right next to the inter-Korean border and operates a DMZ eco peace park in coordination with the environ
Oct. 8, 2018
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Cabinet approves revised regulations to deal with unfair biz practices
Revised enforcement ordinances regulating unfair business practices were approved at a Cabinet meeting on Monday, which will better protect franchisers and subcontractors, the country's corporate watchdog said.Under the revised regulations, punitive damages of up to three times the actual losses incurred by illegal business practices such as unfair payments and returns, as well as cutting back supplied goods, will be imposed. The measures will take effect later this month, the Fair Trade Commiss
Oct. 8, 2018
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LG chief adds momentum to streamlining of affiliates
LG’s fourth-generation leader Koo Kwang-mo has focused on streamlining the group’s affiliates for the last three months since taking the helm of the fourth-biggest conglomerate in South Korea, boosting expectations of an upcoming organizational reshuffle by year-end, according to the industry on Sunday. Saturday marked the 100th day since Koo’s inauguration as chairman and CEO of LG Corp., the holding company of 70 affiliated businesses, and industry watchers have noted that the 40-year-old chie
Oct. 7, 2018
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German forestry experts visit Korea to commemorate 44th anniversary of partnership
The Korea Forest Service hosted an event to commemorate the 44th year since the start of technical cooperation in the forestry sector with Germany that had largely contributed to development of Korea’s forests, the agency said Sunday.German officials visited Korea for three days through Sunday at the invitation of the state-run forest service to show appreciation for their contribution in restoring Korea‘s forests in the course of the partnership between the countries from 1974 and 1993, and dis
Oct. 7, 2018
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[Contribution] Working together for Korean Peninsula’s forest management
Germany is a country with advanced forest management skills, which also led to the notion of adopting sustainable social administration. The country already shaped its sustainable management system of its forestry in the 18th century and has ever since continued to maintain the ecological base and productivity of forests.As it takes more than 100 years for a tree to become valuable as a product, every forest must have an even distribution of young and old trees so that they can be produced, used
Oct. 7, 2018
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SK Innovation shares attract investors, foreign buyers
South Korea’s leading energy and petrochemical company SK Innovation said it has seen a rise in institutional and foreign buying, on the back of a shift in its profit model and business structure.Institutional investors remained net purchasers from Sept. 3 to Oct. 2, except for two trading days, trading some 689,663 units of stocks during the period, according to the firm. (SK Innovation)The percentage of foreign buying also recovered to the 40 percent range on Oct. 2. As of Oct. 7, the amount p
Oct. 7, 2018
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Trademark fees received by chaebol holding companies exceed 1 tr won in 2017
Trademark usage fees received by holding companies of South Korea's largest conglomerates exceeded 1 trillion won (US$884.5 million) for the first time ever in 2017, a report submitted to parliament by the country's anti-trust watchdog showed Sunday.The findings submitted to Rep. Lee Tae-kyu's office by the Fair Trade Commission showed that, of the 60 largest conglomerates with assets in excess of 5 trillion won that have to disclose such data, 37 business groups received money for allowing comp
Oct. 7, 2018
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Debt of major S. Korean public firms on rise
South Korea's public sector debt growth is likely to rise this year, government data showed Sunday, raising concerns about Seoul's financial burdens.The combined debt of 39 major South Korean public sector firms is forecast to reach 480.8 trillion won ($425 billion) this year, according to the data from the Ministry of Economy and Finance submitted to the National Assembly.The debt had declined for four straight years to 472.3 trillion in 2017 after hitting a record high of 498.5 trillion won in
Oct. 7, 2018
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Saturday’s fireworks festival to take place despite rain
The 16th Seoul International Fireworks Festival will take place on Saturday, according to Hanwha Group, the organizer of the fireworks event. "We decided to hold the festival as scheduled to live up to expectations of citizens and foreign tourists, who have waited long. The typhoons are expected to move away from 7 p.m. when the fireworks begin," said the company spokesperson. Due to rainfall, Hanwha Group, said on Friday it would closely monitor the weather and decide Saturday morning around 10
Oct. 6, 2018
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LG Chem to supply electric vehicle batteries to Volkswagen
LG Chem Ltd., Korea's top chemicals company, said Thursday that it has been tapped as a supplier of electric vehicle batteries to German carmaker Volkswagen."We plan to supply electric vehicle batteries" to Volkswagen, beginning at the end of 2019, the company said in a regulatory filing with the Financial Supervisory Service. (LG Chem)LG Chem said the number and prices of the batteries to be supplied are fluid due to orders needing to be placed and market conditions.Currently, the Korean compan
Oct. 4, 2018
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KT&G donates W100m to disaster-stricken Indonesia
South Korea’s leading tobacco maker KT&G has donated 100 million won ($88,635) to help recovery works in Indonesia, which is suffering from massive casualties and damage from an earthquake and tsunami, the firm said Thursday.The 7.5 magnitude earthquake and subsequent tsunami that struck Indonesia days ago have resulted in at least 1,200 deaths and inflicted massive damage on the Sulawesi region.The donation by KT&G was gathered from its executives and employees through the “Sang Sang Fund,” in
Oct. 4, 2018
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[Herald Interview] Sharing recipe for success
For the past couple of decades, the South Korean government has made efforts to promote Korean food or Hansik around the globe, with kimchi, bulgogi and bibimbap appealing to a growing number of non-Koreans. The globalization efforts kicked off in 2009 under the former Lee Myung-bak government as a project led by then-first lady Kim Yoon-ok. Although the government has spent over millions of won to promote the country’s cuisine, people in the US and Europe became interested in Korean food only r
Oct. 4, 2018
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Two Korean pension funds to boycott coal finance
Korea’s Teachers’ Pension and Government Employees Pension System announced they will not consider financing any new coal-fired power plants, becoming the first Korean financial institutions to boycott coal financing amid the global movement to tackle climate change and air pollution problems. Although the two hold no history of having invested in coal projects in the past, their refusal to participate in any future projects can be a catalyst for other institutions to follow suit, according to e
Oct. 4, 2018
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World’s second-biggest NAND flash plant by SK hynix opens in Cheongju
CHEONGJU, North Chungcheong Province -- The first wafers were loaded onto lithography equipment in the newest clean room of SK hynix’s M15 fabrication building in Cheongju, North Chungcheong Province, Thursday, to mark the kick-start of the world’s second-biggest NAND flash factory. On 60,000 square meters of land, about the size of eight football stadiums, at the origin of the first metallic movable types 600 years ago, the M15 fabrication facility is expected to produce 100,000 additional wafe
Oct. 4, 2018