Most Popular
-
1
Slew of top K-pop stars ready to return from military
-
2
S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
-
3
Military aircraft evacuating S. Koreans in Lebanon returns home
-
4
Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
-
5
BTS-themed moon jar to be unveiled on Hangeul Day
-
6
Market uncertain on Korea's October rate cut despite slowed inflation
-
7
Samsung unveils 'personalized AI' for all devices
-
8
1,430 minors investigated for drug offenses from 2018 to 2023: police
-
9
[Robert Fouser] Why the US election looks so close
-
10
Special counsel bill to probe first lady scrapped
-
Sanitary pad companies to show materials used in production from Oct.: KFDA
Manufacturers of sanitary pads and masks will be required to display materials used in the making of their products on packaging from later this year, the government said Thursday.The announcement by the Korea Food and Drug Administration comes months after a local activist group claimed that 6 out of 10 users of the controversial Lilian brand sanitary napkins have experienced menstrual disorders, including unstable cycles and painful periods, due to possible side effects of chemicals.The Minist
March 22, 2018
-
Samsung celebrates 80th anniversary without any official events
South Korea's top business group Samsung on Thursday celebrated its 80th anniversary in a low key manner, with its chairman unable to run the company due to ill health and his heir facing public backlash over a major scandal.Industry sources said major affiliates of Samsung, including the Samsung Electronics Co., the world's largest semiconductor and smartphone manufacturer, only released a special documentary that can be seen by employees about the conglomerate's history, without organizing any
March 22, 2018
-
Samsung, LG top in global industrial design rights: WIPO
South Korean tech giants Samsung Electronics and LG Electronics were the world’s top two applicants in industrial design rights in 2017, according to data from the World Intellectual Property Organization.The number of designs under the Hague System grew by 3.8 percent last year to reach 19,429 designs, marking 11 consecutive years of growth, WIPO said Wednesday in a press release.The Hague System is a leading international application and registration procedure administered by WIPO. It allows d
March 21, 2018
-
South Korea should strive for more blockchain patents: KIPO
Despite its active involvement in the blockchain industry and intellectual property sector, South Korea still remains a step behind when it comes to standard essential patents related to blockchain, data from the Korean Intellectual Property Office showed Wednesday.The number of blockchain-related patents in the world’s top five regions in intellectual property -- South Korea, the US, Japan, China and the European Union -- stood at 1,248 as of the end of January this year, KIPO said in a release
March 21, 2018
-
Samsung heir stays low-key despite major corporate issues
For the past six weeks after being released from jail, Samsung Electronics Vice Chairman Lee Jae-yong has strictly kept himself from the public eye. And the heir apparent of South Korea’s No. 1 conglomerate is likely to remain low-key until a Supreme Court trial expected to take place this summer at the earliest.This week, Lee is expected to stay under the radar despite the group’s key events, including the 80th anniversary of Samsung’s foundation on Thursday and an annual shareholders meeting o
March 21, 2018
-
[Doing Biz in Korea] Attractive but restricted: Foreign firms spill beans on Korean market
The Korea Herald is publishing a series of features and interviews on South Korea’s business environment for foreign companies and investors. This is the first installment. -- Ed. Amid the steady growth of foreign direct investment in Korea in the past decade, foreign companies doing business here say the market and consumers are attractive, but the ambiguous regulations are a headache. Foreign direct investment in Korea has nearly doubled over a decade from $11.7 billion in 2008 to $22.8 billio
March 21, 2018
-
Boeing plans to open technology research center in Korea
US aircraft manufacturer Boeing said Wednesday that it plans to set up its seventh overseas technology research center in Korea by mid-2018, to accelerate its efforts to develop future technologies and aerospace products. Darren Hulst, senior managing director of market analysis and sales support for Boeing, speaks during a press conference in Seoul last week. (Boeing)The main area of research in Korea will include autonomy, artificial intelligence, avionics, analytics, smart cabins and smart f
March 21, 2018
-
Incheon Bridge Co. CEO wins Certified Projects Director
Incheon Bridge Co. CEO Kim Soo-hong was awarded Certified Projects Director or Level A certification from the International Project Management Association, the company said Wednesday. cap/Incheon Bridge Co. CEO Kim Soo-hong poses with International Project Management Association’s evaluation officials in Madrid, Spain. (Incheon Bridge Co.)Level A certification is an international standard certification given by the IPMA, a leading Swiss-registered nonprofit organization, which reviews large-sca
March 21, 2018
-
Foreigners-only casinos hit hard by THAAD row
Foreigners-only casinos in South Korea have taken a big hit from the fallout of a diplomatic row between Seoul and Beijing over the deployment of an advanced missile defense shield here, industry sources said Wednesday.In March last year, China banned the sale of package tours to South Korea and took other retaliatory measures against South Korean companies following the installation of a Terminal High Altitude Area Defense battery in southeastern South Korea. The move has led to a tumble in the
March 21, 2018
-
Korean drug firms setting sights on US market
South Korean drug companies are ramping up their efforts to tap into the United States, the world's largest pharmaceutical market, industry sources said Wednesday.Leading the pack is top pharmaceutical firm Yuhan Corp. that has recently established a wholly owned subsidiary, named Yuhan USA, in San Diego.Yuhan said the US subsidiary is designed to promote its "open innovation," which involves the exploration of new drug candidates and original drug technologies from outside companies."The subsid
March 21, 2018
-
New app trend putting Koreans to the test
A clutch of mobile quiz apps are gaining popularity in Korea, with users joining real-time contests on their smartphones to win money.With a growing number of Koreans are going mobile to solve quiz questions on their phones, four quiz game apps were released in February alone.(JAM Live Facebook)One of the most popular quiz apps is JAM Live, developed by Snow, known for its popular photo-editing app. Each quiz session, which consists of a series of 12 multiple-choice questions, begins at 12:30 p.
March 20, 2018
-
Supermarket chains dominate offline shopping: report
Scale continues to play a major part in attracting shoppers both online and offline, a recent survey showed, with supermarket chains and large open market platforms coming top in consumers’ preferred retail outlets. E-mart's no brand store (E-mart)According to a joint survey conducted by research firm Consumer Insight and Hanyang University’s retail research center, at least 80 percent of consumers said they went to supermarkets within the last month. The survey was conducted on some 15,000 Kore
March 20, 2018
-
Nature Cell’s stem cell treatment for Alzheimer’s approved in Japan
South Korean biotechnology firm Nature Cell said Tuesday that its stem cell therapy for Alzheimer’s disease has been formally approved for use at Fukuoka Trinity Clinic, one of its partner hospitals in Japan. The Seoul-based biotech firm says this is the first time for a stem cell therapy for treating Alzheimer’s to be commercialized anywhere in the world. Despite the news, shares of Nature Cell early Tuesday continued a plunge initiated by recent news that the Korean Drug Ministry had rejected
March 20, 2018
-
GS E&C beefs up presence in Indonesia's construction market
South Korean construction company GS Engineering & Construction has signed a 50-50 joint venture agreement with Vasanta Group, Indonesia’s leading developer, to construct a residential complex for 1,445 households in western Jakarta, the company said Tuesday.Vasanta Group will invest land it owns, while GS E&C will put about $20 million into the complex construction dubbed “City Gate 88,” which is expected to yield some $200 million in sales. “We look forward to creating synergy with Vasanta Gro
March 20, 2018
-
Amorepacific apologizes after metal traces found in cosmetics
South Korean cosmetics company Amorepacific apologized Tuesday after several of its cosmetics products were found to contain metal traces above the permissible level. According to the Ministry of Food and Drug Safety, six products, including skin concealers and eyebrow pencils from Aritaum and Etude House, cosmetics brands under Amorepacific, contained antimony exceeding the permissible level of 10 micrograms per gram. Amorepacific“We apologize for the incident, we should have put all our focus
March 20, 2018
-
Hite Jinro opens pub in Hong Kong
Hite Jinro Co., a major South Korean liquor maker, said Tuesday it has opened a flagship pub in Hong Kong, as it moves to expand its overseas presence.The pub, in Hong Kong's popular entertainment district of Lan Kwai Fong, opened early this month, selling Hite Jinro's beer and Korean distilled liquor soju, according to the company. Hite Jinro Co., a major South Korean liquor maker, shows its pub in Hong Kong, which opened on March 1. (Yonhap)It is Hite Jinro's second bar in a foreign country, f
March 20, 2018
-
Korea Midland Power seeks to expand overseas projects
Korea Midland Power, an electricity provider based in Boryeong, South Chungcheong Province, is seeking to enter markets abroad, following a series of successful projects in Southeast Asia, the company announced Monday.An affiliate of state-run power provider Korea Electric Power Corp., Komipo finished construction of a coal power plant on the island of Java, Indonesia, last year as part of a trilateral venture. The Korean company holds a 27.5 percent stake, with Japan’s largest trading company M
March 19, 2018
-
Global sales of Kia’s Sportage surpass 5 million mark
The accumulated sales of Sportage, a 25-year-old sport utility vehicle from Kia Motors, has surpassed 5 million units, the company said Monday. The sister company to South Korean auto giant Hyundai Motor has sold a total of 5,003,537 of the midsized SUV around the world since its market debut in 1993. Of the total, more than 13 percent, or 684,186, units were sold on the domestic market, while the rest were either manufactured at the company’s overseas plant or shipped to foreign markets. Sporta
March 19, 2018
-
Korea capitalizes on future industries for innovative growth
By Paik Un-gyu, minister of trade, industry and energyCompetition between countries to transform into innovation-powered economies is heating up, as they brace themselves for the “fourth industrial revolution,” a new era characterized by the integration of the real and digital worlds. Against the backdrop of this intense global race for future growth, Korea has driven its own innovative growth initiative since the beginning of the year. Innovative growth means an increase in economic capacity ga
March 19, 2018
-
Popularity of cheap, quality ‘1,000 won coffee’ continues
Amid rising costs of food and basic necessities in South Korea, the popularity of “1,000 won coffee” -- instant brewed coffee directly from coffee machines inside convenience stores -- has been growing, according to the retail industry. 7-Eleven’s Seven Cafe instant brewed coffee (7-Eleven)According to convenience store chain 7-Eleven, the first mover in introducing instant brewed coffee to the industry in 2015, approximately 45 million cups of Americano from its brewed coffee brand Seven Cafe
March 19, 2018