Most Popular
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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BTS-themed moon jar to be unveiled on Hangeul Day
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Market uncertain on Korea's October rate cut despite slowed inflation
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Samsung unveils 'personalized AI' for all devices
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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[Robert Fouser] Why the US election looks so close
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Special counsel bill to probe first lady scrapped
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IFEZ unveils plans to make Songdo world-class bio industry hub
With hopes of becoming a global bio center on par with those in San Francisco and Singapore, the Incheon Free Economic Zone Authority unveiled its plans to expand a bio cluster in Songdo to attract global biopharmaceuticals. Incheon Free Economic Zone Commissioner Kim Jin-yong speaks at the Global Bio Hub Symposium held at the Songdo Convensia in Incheon on April 11. (IFEZ)Kim Jin-yong, commissioner of IFEZ said during a Global Bio Hub Symposium held earlier this month that IFEZ will make use o
April 24, 2018
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Flight attendants on Jeju Air can now wear glasses, nail art
Flight attendants on Jeju Air are officially permitted to wear glasses and nail art, the South Korean low cost carrier said Tuesday.Jeju Air said it recently revised the rules for its cabin crew so that cabin members are allowed to wear eyeglasses and are required to carry an additional pair or contact lenses, in case the glasses get broken.The rules also allow nail art of all colors and types, save large stones or crystal adornments, which may cause scratches. (Photo courtesy of Jeju Air-Yonhap
April 24, 2018
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Korean Air's brand value slides after latest family scandal
The brand value of Korean Air Lines Co. has been dropping since the latest scandal surrounding the owner family erupted, and it may be outranked by its rival, according to an appraisal website Tuesday.The "share price" of Korean Air in the brand stock market, as rated by Brandstock, ended at 473,000 won ($439) on Monday, the lowest since 467,000 won of March 29 last year.Brandstock measures brand value by having its members trade company shares in a simulated stock market using cyber money that
April 24, 2018
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Korean Air family under siege despite father’s apology
The controlling family of the nation’s largest air carrier found itself under heavy criticism Monday, amid the emergence of fresh allegations of misconduct and another search and seizure operation -- this time at its headquarters -- despite a public apology made by the father of the two troubled heiresses a day earlier.Customs investigators raided the head and branch offices of Korean Air in Seoul where the air carrier’s Senior Vice President Cho Hyun-min has offices, to secure evidence of custo
April 23, 2018
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Asian Forest Cooperation Organization to be launched with 14 nations
The long-awaited Asian Forest Cooperation Organization will be officially launched on Friday as an intergovernmental regional organization with the aim of strengthening regional forest cooperation to address the impact of climate change, according to ASEAN-Korea Forest Cooperation Secretariat on Monday. The AFoCO will be established to strengthen regional forest cooperation in Asia which is vulnerable to forest degradation and climate change and to contribute to achieving the sustainable develop
April 23, 2018
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Police launch preliminary probe into Korean Air chief's wife over alleged assaults
Police said Monday they began a preliminary investigation into the wife of the Korean Air Line Co. chief over alleged physical and verbal violence. Lee Myung-hee, wife of Chairman Cho Yang-ho and director of the Ilwoo Foundation, is suspected of hitting workers who were part of a construction crew hired to remodel her Seoul residence in 2013. She allegedly told them to kneel down and slapped them in the face and kicked them in the shins. She is also suspected of verbally insulting an employee at
April 23, 2018
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Number of visitors to Korea grows in March after 12 months of decline
The number of foreigners who visited South Korea rose 10.7 percent on-year in March, ending 12 straight months of decline, data showed Monday, as the government pushes to diversify the country's tourist portfolio in the face of a plunge in the number of Chinese visitors.The total number of inbound visitors came to 1.37 million last month, up from 1.23 million a year earlier, according to the data from the Korea Tourism Organization. Tourists visit Gyeongbok Palace in central Seoul on Sunday, Apr
April 23, 2018
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Starbucks launches cashless stores in S. Korea
Starbucks Coffee Korea Co., the local unit of the US coffee giant, said it began a test run of cashless stores at three of its outlets on Monday amid rising use of credit card and mobile payment systems in the country.The stores at major office districts -- Gangnam and Guro in Seoul, and Pangyo, just south of the capital -- began trial testing the system. The global coffee giant launched its first cashless store in Seattle, the company said. In this undated photo provided by Starbucks Coffee Kor
April 23, 2018
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Korean Air chief apologizes, fires daughters over 'water rage'
The head of the nation’s flag carrier Korean Air on Sunday apologized for causing public concerns over the escalating “water rage” scandal involving his youngest daughter, and vowed to dismiss his two children from their executive posts, effective immediately.“I would have Korean Air Senior Vice President Cho Hyun-min step down from all of her posts within Hanjin Group, as well as Cho Hyun-ah, president of KAL Hotel Network, resign as well,” said Chairman Cho in a written statement, released by
April 22, 2018
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[IP in Korea] Korea’s patent court aspires for pivotal role in IP litigations
The Korea Herald is publishing a series of interviews on experts in the intellectual property sector. This is the twelfth installment. -- Ed.Having kicked off 20 years ago as Asia’s first court specializing in intellectual property issues, South Korea’s Patent Court is now aspiring to rise as a regional hub for multinational patent litigations, according to its recently appointed chief.“South Korea is noted for its unrivalled speed and procedural efficiency in resolving (IP-related) disputes,” C
April 22, 2018
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[pre-IFA] Korean tech firms to lead niche market of AR, VR
ROME -- South Korean companies will take the lead in the development of augmented and virtual reality technology although it may still be a niche market, an executive at a German consumer market research institute said during a preview of IFA, held in Rome, Saturday. “While Korea has emerged as a digitally mature country, we see Koreans willing to spend money for premium devices, like gadgets for VR contents. If you look at AR, VR and also artificial intelligence, I think these are the technolog
April 22, 2018
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[pre-IFA] IFA 2018 to showcase smart appliances, AI solutions and mobility
ROME -- This year’s IFA, Europe’s biggest exhibition of consumer electronics, will see smart and connected devices for home appliances as well as artificial intelligence-incorporated consumer electronics take center stage, including those from South Korean tech giants Samsung and LG.“While AI is a key for the connected world, I see Samsung and LG leading the market. Korean companies are building huge research centers overseas and from what I see so far, I think they are doing it in an excellent
April 22, 2018
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SMEs seeking overseas expansion amid difficulties at home: poll
South Korea's small and medium enterprises into overseas markets as they face mounting challenges at home, a poll by a local think tank showed Sunday.According to the Center for Large and Small Business Cooperation, 85.5 percent of all SMEs in the country said they are interested in setting up operations abroad.The findings were based on responses from 482 companies to questions on the latest market developments, with 412 saying they are considering diversifying within two years. (Yonhap)Of the
April 22, 2018
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South Korea's antitrust chief says expects change in Samsung governance 'in near future'
SEOUL -- South Korea’s antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country’s powerful family-controlled conglomerates, or chaebols. Chaebol families have come under increased scrutiny since the arrest last year of Samsung Group heir Jay Y. Lee, who denies wrongdoing, on charges of bribery and embezzlement. Employees walks in the building of Samsung Electronics in Seoul, Sou
April 20, 2018
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GM Korea to hold board meeting court protection after talks breakdown with union
GM Korea Co., the South Korean unit of General Motors Co., said it will hold a board meeting on Friday to make a decision on whether to file for court receivership, as talks with labor union made no headway.In their latest negotiations held earlier in the day, the company conceded that no agreement was reached with its union on GM's self-rescue package for its cash strapped local operations. (Yonhap)The union confirmed talks have "gone nowhere," as workers cannot accept the self-rescue plan, whi
April 20, 2018
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‘Water rage’ scandal escalates into customs probe
The “water rage” scandal of Cho Hyun-min, youngest daughter of Hanjin Group Chairman Cho Yang-ho, is escalating into an extensive customs evasion investigation involving the entire family, following claims that the high-profile members often abused the group’s signature company Korean Air to “smuggle” personal goods. Calls are also mounting on the need to reinforce the customs examination process for flight attendants and airport employees, who go through a simpler process at departure and arriv
April 20, 2018
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Korea partners with Central and South America for energy infrastructure
The Ministry of Trade, Industry and Energy said Friday it had signed a partnership agreement with the Inter-American Development Bank for establishing new energy infrastructure in Central and South America. The Minister Paik Un-gyu met with Luis Alberto Moreno, President of IADB, in Washington DC on Thursday and they agreed to cooperate on the areas of smart buildings, energy storage systems and energy efficiency in the region. Industry Minister Paik Un-gyu (right) shakes hands with Luis Alberto
April 20, 2018
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BMW Korea chief to head Korean-German Chamber of Commerce
BMW Korea chief Kim Hyo-joon was elected as the new chairman of the Korean-German Chamber of Commerce and Industry, according to the organization on Thursday. Kim Hyo-joon, new chairman of the Korean-German Chamber of Commerce and Industry (KGCCI)He is succeeding Kim Jong-kap, former CEO of Siemens, who was recently elected as President of Korea Electric Power Corporation.The KGCCI is now run by two co-chairmen, Ingrid Drechsel, president of Bayer Korea, for the German side and newly elected Kim
April 20, 2018
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Celltrion’s Rituxan biosimilar approved for sale in Australia
South Korean biopharma company Celltrion announced Friday that Truxima, its biosimilar drug referencing Roche’s Rituxan, has been granted marketing approval by Australia’s drug regulator. Australia’s Therapeutic Goods Administration accepted Celltrion’s biologics license application to sell Truxima, approved for the treatment of conditions including rheumatoid arthritis and non-Hodgkin’s lymphoma, a rare form of cancer, according to Celltrion. Truxima (Celltrion)Biosimilars refer to cheaper, nea
April 20, 2018
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State-run lender pledges W800b to shipping industry
The Export-Import Bank of Korea (Korea Eximbank) on Friday promised 800 billion won ($753.29 million) in loans and guarantees to the local shipping industry this year as the government acts on a five-year restructuring plan.Eun Sang-soo, chairman of the state-run lender, met with the heads of shipping companies and shipowners over details of the revamp plan announced April 5, in which the government would place orders for 200 vessels over the next three years to help the industry survive the slu
April 20, 2018