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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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Controversial cult leader’s sentence reduced to 17 years
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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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Samsung, Hyundai chiefs to accompany Yoon on Singapore trip
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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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LG Uplus CEO bets future on 5G, AI
Kwon Young-soo, vice chairman and CEO of South Korean mobile carrier LG Uplus, conducted an organizational reshuffle in order to enhance the company’s competitiveness in the fields of the fifth-generation wireless network and artificial intelligence, the telecom firm said Sunday. LG Uplus, the third largest telecom firm in Korea by revenue, newly created a 5G team and reallocated its existing AI Business under the CEO office as part of an organizational shake-up for next year. In a letter sent t
Dec. 3, 2017
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[Newsmaker] US ITC opens probe into SK hynix over patent infringement
The US International Trade Commission will open an inspection into South Korean chipmaker SK hynix over an alleged breach of patents owned by the US memory module firm Netlist, according to the industry Sunday. The commission’s action comes about a month after it announced it was embarking on an investigation into Samsung Electronics in October. The USITC said Friday that it held a vote on whether to examine SK hynix’s memory modules and components -- including circuit boards containing DRAM int
Dec. 3, 2017
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Nuclear reactor contractors demand over 100 bln won in compensation
Contractors forced to temporarily halt work on the Shin-Kori 5 and 6 reactors have asked for 100.37 billion won ($92.3 million) in compensation from the state-run nuclear power company, an opposition lawmaker said Sunday.According to Rep. Kim Jung-hoon of the main opposition Liberty Korea Party, related companies are asking the Korea Hydro & Nuclear Power Co. to cover their losses brought on by the three-month suspension. (Yonhap)The total drawn up by Samsung C&T Corp., Doosan Heavy Industry and
Dec. 3, 2017
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Popularity of Belgium beer on rise in Korea
South Korea's imports of Belgium beer products have increased sharply in 2017 from a year earlier, data showed Sunday, reflecting the rising demand for unique alcoholic beverages here.According to the data compiled by the Korea Customs Service, imports of Belgium beer came to $21.3 million in the January-October period, posting a whopping 97.5 percent on-year increase. Due to the sharp growth, Belgium is expected to become the third-largest exporters of beer to South Korea this year, beating tra
Dec. 3, 2017
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Korea's domestic consumer index hits near 7-year high on THAAD row easing
South Korea's domestic consumer index hit a near seven-year high last month on easing tensions with China and perceived lessening of the North Korean risk, market watchers said Sunday.According to the Bank of Korea, the country's composite consumer sentiment index rose to 112.3 in November, the highest reading since December of 2010, when numbers hit 112.7.A reading above 100 means optimists outnumber pessimists, while a reading below the benchmark means the opposite.The index rose from February
Dec. 3, 2017
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US trade watchdog to open probe on SK hynix's possible violations
Washington's trade watchdog decided to open an investigation into South Korea's No. 2 chipmaker on allegations that it infringed patents of a US company, industry sources said Sunday.The US International Trade Commission said the move came as the California-based chipmaker Netlist Inc. claimed that SK hynix Inc. memory modules violated its intellectual property rights. (Yonhap)Last month in a separate case, the trade watchdog said SK hynix did not violate patents of Netlist's server memory produ
Dec. 3, 2017
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Samsung's Galaxy most valuable brand in S. Korea: research
Samsung Electronics Co.'s Galaxy smartphone brand stood as South Korea's most valuable brand for the seventh consecutive year in 2017, an industry report showed Sunday.According to the research conducted by industry tracker Brand Stock on the country's major brands, Samsung Galaxy earned the highest evaluation on the list, maintaining its No. 1 position since 2011.Samsung Galaxy's performance is significant as the suspended production of the Galaxy Note 7 smartphone in 2016 due to faulty batteri
Dec. 3, 2017
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[Photo News] Resolution in sight for Paris Baguette?
(Yonhap)Bakers work at a Paris Baguette store in Seoul on Friday. The bakery chain said Friday that its third-party corporation dubbed “Happy Partners” has launched as an alternative to the existing hiring system, judged illegal by the Labor Ministry, by improving wage and benefits and unifying the job supervision channel. According to the firm, 70 percent of the bakers hired through contractors do not wish to be directly hired by the company as ordered by the ministry. (khnews@heraldcorp.com)
Dec. 1, 2017
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LG Chem promotes former SNU professor to executive VP
LG Chem promoted Lee Jin-kyu, a former Seoul National University professor, to an executive vice president in its latest reshuffle, crediting him with contributing to the tech firm’s capabilities of developing inorganic materials technologies. Lee Jin-kyu, a new research chairman at LG Chem (LG Chem)Lee’s promotion stood out from LG Chem’s reshuffle that promoted a total of 22 executives on Thursday as it normally takes around five years for a senior vice president to be promoted to an executiv
Dec. 1, 2017
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[Weekender] From Moncler to PyeongChang coat, padded jackets rule South Korea's fashion scene
Choosing the right padded jacket -- this winter’s ‘it’ item -- is a much more complicated task than one may think. It’s not just design and color, but the type of insulation also has to be decided -- goose, duck or synthetic materials, as well as their composition ratios, waterproof or not and even the overall weight. For many South Koreans, however, it all seems to come down to a choice between luxury and cost-effective alternatives. Moncler‘s 2017 Fall/Winter collection (Moncler)On the high-en
Dec. 1, 2017
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Samsung sells off eSports team to KSV
Samsung Electronics has sold its hotshot eSports team Samsung Galaxy to Silicon Valley-based eSports firm KSV, the company confirmed on Friday. “We decided to sell Samsung Galaxy to KSV for the sake of the players’ growth. We viewed it will be better for (Samsung Galaxy) to work with a more professional eSports company,” said an official at Cheil Worldwide, a marketing firm that ran the team. Samsung Galaxy is a leading eSports team -- comprised of six players -- in a popular multiplayer online
Dec. 1, 2017
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No. of individual Chinese visitors to Korea up 12% on-year last week
SHANGHAI -- The number of Chinese nationals submitting a visa application to visit South Korea on individual tours increased 12 percent from a year ago to 21,000 last week, according to data made available Friday by South Korean diplomatic missions in China.It marked a reversal of the declining trend in the number of Chinese visitors to the neighboring country caused by a diplomatic row earlier this year over the deployment of the US Terminal High Altitude Area Defense missile system. The revers
Dec. 1, 2017
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Korean prosecutors raid SK E&C headquarters over bribery suspicions
South Korean prosecutors raided the SK E&C headquarters in Seoul on Friday on suspicion that the construction company bribed a former official of the United States Forces Korea to win a contract to build infrastructure for the American military base in Pyeongtaek. The prosecution conducted a search-and-seize operations on the SK E&C headquarters over allegations that it provided bribes worth 3.2 billion won ($2.94 million) to the USFK official involved in the construction project.Korean investig
Dec. 1, 2017
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McDonald's Korea suspends contract with undercooked burger patty supplier
McDonald's Korea said Friday it has suspended a contract with the supplier of the burger patties that are suspected of having caused consumers to get ill due to undercooking."We've temporarily stopped receiving burger patties from Mckey Korea as of today," the South Korean unit of the U.S. fast food chain said in a statement. "We've begun the process to shift to a new supplier that has passed rigid quality and safety standards."The statement comes one day after prosecutors sought arrest warrants
Dec. 1, 2017
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Korean drug companies to make powdered Tamiflu: sources
South Korean drug manufacturers are producing generic versions of Tamiflu in powered form for babies, children and the elderly -- groups who have difficulty with capsules -- industry sources said Friday.About 100 South Korean drugs companies are producing generic versions of Tamiflu to ease the shortage in supply of the world's only anti-viral drug, as its 20-year patient protection expired in August.Among the companies are Yuhan Corp., Daewoong Pharmaceutical Co. and Green Cross Corp. (Yonhap)T
Dec. 1, 2017
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[Photo News] KT&G aims to quadruple overseas sales by 2025
KT&G’s CEO and President Baek Bok-in (sixth from right) pose for a photo with some 150 employees at a global vision declaring ceremony held at the company’s headquarters in Daejeon on Thursday. The firm, South Korea’s top tobacco maker with 60 percent market share, vowed to increase sales volume overseas fourfold by 2025, targeting important markets in the Middle East, Russia, central and southern America and Africa. The company marked 941.4 billion won ($865.8 million) in overseas sales last ye
Dec. 1, 2017
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Govt. to pump in W2.2tr through 2022 for 4th industrial revolution
South Korea's government said Thursday it will allocate 2.2 trillion won ($2 billion) for research and development projects throughout 2022 to better prepare for what it calls the fourth industrial revolution.Under the project dubbed "I-Korea 4.0," the Presidential Committee on the Fourth Industrial Revolution said it will secure new growth engine for the country by expanding industries' productiveness and competitiveness under the idea of "intelligence, innovation, inclusiveness, and interactio
Nov. 30, 2017
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LG Electronics creates new convergence, B2B units
LG Electronics on Thursday announced the launch of a new business-to-business unit and a convergence business development center as part of an organization reshuffle for 2018. To accelerate preparations for future businesses, LG established the Convergence Business Development Center with the goal of planning the development of new technologies such as artificial intelligence, the Internet of Things and device-to-device connectivity solutions. The new entity can be compared to Samsung Research,
Nov. 30, 2017
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Decision on LG OLED plant in China likely to be finalized in Dec.
The government‘s decision to approve an organic light-emitting diode plant in China for LG Display is likely to be finalized this year, according to a senior official at the Industry Ministry. On Thursday, the Ministry of Commerce, Industry and Energy held a closed-door meeting of a committee it had formed of private experts in the display sector to review LG’s plan to build an OLED plant in Guangzhou. “We will report the consensus made during today’s meeting to the minister and the final decisi
Nov. 30, 2017
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SK Innovation to invest W1tr in EV battery
SK Innovation said on Thursday it plans to invest around 1 trillion won ($920 million) in building an electric vehicle battery plant in Hungary and in expanding production facilities for EV batteries in Korea. The battery maker said it would set aside 840 billion won for the Hungary plant that begins construction in February next year. By 2020, the plant will be capable of producing 7.5 gigawatt-hours per year of battery. With SK‘s latest decision, all three Korean battery makers have now advanc
Nov. 30, 2017