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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Number of Chinese visitors to Korea tops 400,000 in March following THAAD row
The number of Chinese visitors to South Korea topped the 400,000 threshold in March for the first time since February last year, rebounding from a sharp fall following a 2017 diplomatic row between the two countries over the deployment of an advanced US missile defense system in South Korea, government data showed Tuesday.The Justice Ministry said the number of Chinese people visiting South Korea gained 16.5 percent from a month earlier to 427,628 in March. Compared with the corresponding number
April 17, 2018
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Pay TV losing subscribers, especially among young generation
The number of subscribers to pay TV keeps falling, especially among the younger generation and one-person households, a report said Tuesday.According to the research by the Korea Information Society Development Institute, the service termination rate reached 6.86 percent last year, up from 6.54 percent the year before. The rate had fallen from 5.97 percent in 2012 to 3.13 percent in 2015 before picking up again.A breakdown by types of households showed that 9.17 percent of the people ending thei
April 17, 2018
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Fine dust changing retail pattern, triggering demand for indoor products
People staying indoors to stay away from chronic fine dust have changed recent sales trends, increasing the popularity of toys and exercise machines while hurting demand for drones, data from a major retailer showed Tuesday.According to E-Mart Inc., South Korea's No. 1 hypermarket chain, sales of toys rose 8.2 percent between March 1-April 11 compared with the same period last year. Sales during the same number of days in 2017 was 8 percent down from the same period the year before.Sales of toys
April 17, 2018
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[Breaking] FSS chief Kim offers to resign
FSS chief Kim offers to resign. (To be updated)
April 16, 2018
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Korean Air temporarily suspends errant heiress
Korean Air Lines Co., said Monday that it has temporarily suspended one of its executives -- the daughter of the company's chairman -- for her alleged misbehavior toward an advertising agency employee.South Korea's national flagship carrier Senior Vice President Cho Hyun-min has been relieved from her current post until the ongoing police probe into the matter is concluded. It did not elaborate on what further action will be taken.On Friday, law enforcement authorities launched a preliminary inq
April 16, 2018
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Experts divided on protection of Samsung’s chipmaking technologies
The Ministry of Trade, Industry and Energy said Monday its committee on the protection of industrial technologies failed to reach an agreement on whether to give Samsung Electronics’ chipmaking technologies protection as national core assets amid an ongoing dispute over the firm’s workplace safety. The 13-member committee of experts on semiconductors and security discussed whether or not reports on the working conditions of Samsung’s chip plants in Gyeonggi Province contained information deemed
April 16, 2018
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Innocean Worldwide makes braille socks for visually impaired
Innocean Worldwide, the advertising arm of Hyundai Motor Group, posted to YouTube a video to promote braille socks that it made with a local fashion brand to help the visually impaired, the company said Monday.The socks are designed with braille to help wearers match the right colors.Ahead of Disabled Persons Day in Korea on April 20, the company launched the “7 days braille socks” campaign, which aims to ease the difficulties visually impaired people face on a daily basis. The socks were produc
April 16, 2018
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Korean Air heiress lawyers up
A legal battle lies ahead for Korean Air Senior Vice President Cho Hyun-min, who appointed an attorney Monday and said that she had actually “pushed” -- not thrown -- a cup of water toward an advertising agency manager during a meeting last month. (A screen capture from MBC news)According to Korean Air, the company has appointed lawyer Kim Sang-hyuk from the law firm Sejong to “cooperate with the police probe that is currently under way.” “We want to truly apologize for what went wrong. We will
April 16, 2018
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Pfizer’s smoking cessation drug Champix to face generic competitors in Korea
South Korean drugmakers are rushing to roll out generic copies of Pfizer’s smoking cessation drug Champix, as the treatment’s substance patent here was recently broken by a local patent court. The decision allows copycat drugs to be launched in Korea by as early as November.Korea’s Intellectual Property Trial and Appeal Board recently ruled in favor of 22 local drugmakers which had claimed that their generic copies of Champix -- slightly modified to use Varenicline salicylate instead of Varenicl
April 16, 2018
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Lee Min-ho promotes aronia berry tonic pouches by KGC
Since April 2016, Lee Min-ho has been an ambassador for state-run Korea Ginseng Corp.’s tonic product Good Base: Red Ginseng & Aronia. Now serving his compulsory military term, Lee has maintained his stint for a third year representing the company’s tonic with extracts of aronia berry, known as “king‘s berry” or “Europe’s equivalent to ginseng.” A KGC official explained that it is allowed by law to use promotional pictures taken prior to enlistment until the termination of a contract. Lee Min-h
April 16, 2018
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[Herald Interview] Kayak targets Korea’s travel market with one-stop solution
Finding the cheapest flights for a trip overseas can be a painstaking process. Many have experienced the agony of seeing the price of an airline ticket fall after purchasing it. Browsing online for the best travel deals can also be exhausting.With Koreans traveling more frequently than before, demand has risen for the most efficient way to land the cheapest tickets at the right time. Government statistics showed that at least 26 million people here traveled abroad in 2017, meaning that 50 percen
April 16, 2018
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Coupang records 40% jump in sales
Annual sales of South Korean e-commerce company Coupang jumped 40 percent last year to 2.68 trillion ($2.49 billion), amid its move to strengthen direct buying of foreign goods and solidify its signature Rocket Delivery service. CoupangThe increase in profit has been attributed to reducing the rate of operating loss, calculated by net loss divided by turnover, improving from 30 percent in 2016 to 24 percent last year. It logged 638 billion won in losses as of last year. The company’s gross prof
April 16, 2018
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Hanwha showcases shipboard combat system at defense exhibition
Hanwha Systems said it has unveiled its shipboard combat system and integrated surveillance patrol solution at the Defence Services Asia 2018 that kicked off in Kuala Lumpur, Malaysia on Monday. More than 1,000 companies from 60 nations, including Korea’s 24 firms, have participated in the Asia’s largest defense procurement exhibition this year. Hanwha Systems said it would focus on the marketing activities of its shipboard combat system that was mounted on Korean navy’s key vessels for 30 years
April 16, 2018
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Online shopping sites suffer consecutive losses in 2017
South Korean online shopping site operators continued to report losses in 2017 amid fierce market competition, regulatory data showed Monday.Coupang Inc. suffered a combined net loss of 673.5 billion won ($628.5 million) last year, up 20 percent from 561.8 billion won reported a year earlier, the company said in a regulatory filing.Its sales jumped 40 percent on-year to reach 2.68 trillion won during the cited period, but operating losses rose 13 percent to 638.9 billion won, the company said.Th
April 16, 2018
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Hyundai Oilbank to go public in fall
Petroleum and refinery company Hyundai Oilbank will go public in the fall of this year, according to chief of Hyundai Heavy Industries on Monday. “We plan to float Hyundai Oilbank on the stock market this year and we are in the process of selecting a lead underwriter. The firm will go public around September and October,” said Kwon Oh-Gap, CEO of Hyundai Heavy Industries, in a press briefing. Hyundai Oilbank is a key affiliate of Hyundai Heavy Industries that holds 91.1 percent of stake.Analysts
April 16, 2018
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Experts to discuss certification of unmanned aerial vehicles in Seoul this week
Global aviation experts will gather in South Korea this week to discuss setting up international standards for the certification of unmanned aerial systems, the transport ministry said Monday. (Yonhap)The UAS Certification Working Group meeting to be held in Seoul from Tuesday through Friday will be attended by some 30 experts from aviation authorities in countries such as the United States, Japan, China and Singapore. Participants will discuss global standards for UAS certification and ways to
April 16, 2018
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Koreans among top consumers of energy resources
South Koreans ranked fifth in per capita energy consumption among member states of the Organization for Economic Cooperation and Development in 2016, data released on Monday showed.Individual South Koreans consumed an average of 5.6 TOE (ton of oil equivalent) during that year. The figure places them after the people of Norway (9.2 TOE), Canada (9.1), the United States (7.1) and Australia (5.7).South Koreans ranked even higher at No. 2 in terms of their per capita consumption of coal, which reac
April 16, 2018
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Samsung 5th-most admired firm in Canada
Samsung Electronics Co. was named the fifth-most admired firm in Canada, an industry tracker said Monday, recovering its reputation tainted by the suspended production of the Galaxy Note 7 in 2015.According to the report announced by Canadian researcher Leger, Samsung Electronics earned a reputation score of 75 to rank at fifth place in the 2018 Ranking of Canada's Most Admired Companies.U.S. IT giant Google topped the list, followed by Canada's Shoppers Drug Mart and Canadian Tire. Japan's Sony
April 16, 2018
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Casino industry's sales improving from increase in Japanese visitors
Foreigners-only casinos are showing better sales this year after a big dip last year caused by China's retaliation over a diplomatic row, industry data showed Monday.Sales in January and February reached 204.78 billion won ($191.56 million), up 15.9 percent from the same period last year, according to the Korea Casino Association. The local gambling industry took a hard fall in 2017 after China restricted its nationals from going on package tours to South Korea to protest the latter's hosting of
April 16, 2018
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Biz group says disclosure of Samsung' workplace environment details should be limited
A local business lobby said on Sunday the possible disclosure of Samsung Electronics Co.'s workplace environmental assessment report, which was demanded by former workers due to health concerns, should be limited so as to protect sensitive trade secrets. Former workers suffering from illnesses have been demanding the South Korean tech giant to publicly disclose the chemicals used in its chip and display productions.The Ministry of Trade, Industry and Energy plans to convene a panel meeting of se
April 15, 2018