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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[PyeongChang 2018] PyeongChang Olympics long padded coats fly off shelves
Long padded coats made as part of goods for the 2018 PyeongChang Winter Olympics have become all the rage in Korea since their launch on Oct. 26. Within two weeks, the coats, which cost 149,000 won ($135) each, have sold out at both online and offline stores. It is not known when they will be restocked.The coats come in white, black and gray. They became “it” items after positive reviews spread that they were light and warm. Celebrities were also seen wearing the long padded coats, adding to the
Nov. 17, 2017
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Korea's first commercial wind farm opens on Jeju
South Korea opened its first commercial wind power plant on the southern island of Jeju on Friday, stepping up its renewable energy initiative, a state-run utility company said. Korea South-East Power Co., which is wholly owned by the state-run Korea Electric Power Corp., said the 30-megawatt complex, composed of 10 wind power turbines, opened on the western cost of Jeju following two months of tests. Paik Un-kyu, Minister of Trade, Industry and Energy attended the opening ceremony alongside com
Nov. 17, 2017
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Nonghyup to sell Korean pork, beef from vending machine
A South Korean agricultural cooperative is pushing to introduce a vending machine selling livestock products, such as pork and beef, targeting the increasing number of single-person households in the country, industry sources said Friday.The National Agricultural Cooperative Federation, known as Nonghyup here, will first showcase the dispenser at its headquarters in Seoul on Wednesday, and begin distributing the machines in other locations starting next month, the sources said.The machine will b
Nov. 17, 2017
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Pohang quake raises demand for disaster survival supplies
Following a 5.4 magnitude quake in Pohang, North Gyeongsang Province, on Wednesday, demand for survival supplies has risen among Koreans. One item that has surged in demand is a survival backpack kit that contains emergency essentials such as a first-aid kit, a Swiss Army knife, a flashlight and matches. A soft shock-absorber hat (Left) and a survival backpack kit for emergency-preparedness (WeMakePrice/Yonhap)According to Korean newspaper JoongAng Ilbo on Thursday, sales of the survival backpa
Nov. 16, 2017
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[Newsmaker] Samsung promotes 99 executives in chip units
Samsung Electronics on Thursday promoted a total of 221 executives with 99 of them coming from its lucrative chip business in a follow-up appointment of key executives earlier this month.By rank, the 221 executives include 27 executive vice presidents, 60 senior vice presidents, 118 vice presidents, one fellow and 15 masters. By unit, the money-making chip business accounted for 45 percent of total promotions with 99 executives promoted. “The promotion of 99 executives reaffirmed the firm’s pers
Nov. 16, 2017
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[Herald Interview] ‘Social media will propel Korean wine market’
The Korean wine market that has only recently been growing will develop and evolve rapidly through the informing effects of social media, said the wine director with a British wine and spirits merchant.“In this market in particular, social media and blogging is everywhere. That is the most flexible, the most accessible. There will be somebody somewhere that is at the level you want to hear,” said Mark Pardoe of Berry Bros. & Rudd in an interview with The Korea Herald. Berry Bros. & Rudd Wine Dir
Nov. 16, 2017
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Bluehole Studio's ‘Battlegrounds’ wins grand prize at 2017 Korea Game Awards
Online shooting game “PlayerUnknown’s Battlegrounds” developed by South Korea’s Bluehole Studio won the grand prize at the 2017 Korea Game Awards on Wednesday, marking a milestone for the PC online game industry that has been struggling against mobile games. “Battlegrounds” also swept five additional awards, including the technology innovation award, the best developer award, the game business innovation award and the most popular game award.PUBG Corp. CEO Kim Chang-han (Bluehole Studio)Develope
Nov. 16, 2017
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S-Oil wins grand prize at 2017 ESG Award
S-Oil on Thursday won the grand prize at the 2017 ESG Award organized by Korea Corporate Governance Service. The ESG Award evaluates and analyzes environmental, social and governance factors of all listed companies in South Korea.S-Oil received high scores for company-wide efforts to accelerate sustainable growth, as well as for its social and environmental activities, according to the award. S-Oil CEO Othman al-Ghamdi (right) shakes hands with Jung Ji-won, head of the Korea Exchange, at the 201
Nov. 16, 2017
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SK Innovation to donate for each ad view
South Korean oil refiner SK Innovation on Thursday launched a unique social contribution project, vowing to donate 2 won for every view of its latest corporate advertisement.The project involves its “Big Picture of Innovation” advertisement that was revealed in September. The ad is the third installment of the “Big Picture” campaign and features visual artworks by renowned artists and new art techniques. “Big Picture of Innovation” ad by SK Innovation (SK Innovation)Using the “cymatics” art met
Nov. 16, 2017
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Average Korean consumes 9 liters of alcohol a year
Koreans of legal age consumed an average 9 liters of pure alcohol per person in 2015. The figure was confirmed by professors from the Catholic University of Korea Uijeongbu St. Mary’s Hospital and Inje University Graduate School of Public Health, through a study on data, Chosun.com reported Tuesday.Nine liters of alcohol would be 121 bottles of soju or 366 cans of 500-milliliter beer. Soju typically has 21 percent alcohol by volume while beer is about 5 percent. (Yonhap)The research team analyz
Nov. 16, 2017
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Retailers postpone discount events as college entrance exam rescheduled
South Korea's retail, restaurant and tourism industries, which have been preparing to attract customers in line with the end of the nationwide college entrance exam, postponed their planned events after the government delayed the test by a week due to a rare magnitude 5.4 quake that struck the country, industry sources said Thursday.Lotte Department Store, Shinsegae Department Store and Hyundai Department Store said they postponed discount events for those holding test identification slips after
Nov. 16, 2017
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Samsung Electronics announces promotion of executives
Samsung Electronics Co. announced a reshuffle of executives Thursday as a follow-up step to the appointment of new heads of its major business divisions late last month.Through the regular reshuffle, the South Korean tech giant has promoted 221 executive-level employees, 99 of them from the crucial chip-making division, which has been posting record-breaking quarterly performances.The number of promotions marked the highest figure since the 227 tallied in 2014. The latest appointments included t
Nov. 16, 2017
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Korea to export fresh fruit to Myanmar
South Korea will ship about 37 tons of fresh fruit to Myanmar to assess its potential and build effective distribution channels in the local market, Seoul's agriculture ministry said Thursday.Gyeongbuk Corporation, a South Korean food wholesaler and exporter, will ship 7 tons of apples and 8 tons of pears on Friday, and 17 tons of tangerines and sweet persimmons on Nov. 22 via ship. About 5 tons of strawberries will be delivered by air in early December. The Ministry of Agriculture, Food and Rur
Nov. 16, 2017
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‘Honbab’ trend in Korea leads to spike in sushi consumption
The increasing number of Koreans who dine alone, dubbed the “honbab” trend in Korean, is proving to be a boon for sushi sales at major supermarkets nationwide. E-mart, the country’s largest discount chain operator, said Thursday that the number of sushi sold between January and October this year amounted to 63 million pieces. In the same period, E-mart had made extra efforts to carry “premium sushi” for consumers.The brand said its sushi sales revenue is rising 20 percent each year and that sush
Nov. 16, 2017
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Korea losing attraction for Japanese travelers
South Korea is falling out of favor with Japanese travelers, dropping in the ranking of their favorite trip destinations, a survey showed Thursday.An analysis by the Korea Tourism Organization on free independent tourism said South Korea ranked 10th, having been named by 2.5 percent of Japanese tourists surveyed last year as their preferred travel destination. This is a marked fall from 4.4 percent in 2014, when South Korea placed fifth. The country fell to ninth place in 2015 with 3.1 percent.
Nov. 16, 2017
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Top firms miserly in hiring new staff despite big operating profit gains
The top 30 business groups made big gains in operating profits up to third quarter of this year, but they have not hired a lot of new people, especially in permanent positions, corporate data showed Thursday.CEO Score, a local corporate research firm, analyzed 261 affiliates of the top 30 conglomerates that submitted business reports for the third quarter. Results showed that the companies had 945,067 staff members as of the end of September, up 1.2 percent, or 11,452 people, from the same perio
Nov. 16, 2017
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Samsung posts 60 percent margin in DRAM in Q3: report
Samsung Electronics posted a record profit margin of 62 percent in its dynamic random-access memory business in the third quarter on continued strong demand for memory chips in the global market, according to the US research firm DRAMeXchange. The report released Tuesday said Samsung’s revenue grew by 15.2 percent from the second quarter to a new historic high of $8.8 billion in the July-September period. As the market experienced tight supply, total DRAM revenue for the third quarter rose by 16
Nov. 15, 2017
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Large-scale restructuring imminent at Samsung
Delayed announcements on personnel reshuffles and organizational restructuring at Samsung Electronics and its major affiliates on Wednesday raised questions over whether the group is preparing its first large-scale shake-up in the absence of the conglomerate’s control tower. Samsung has delayed the anticipated announcements of executive promotions and appointment transfers among its affiliates for about a week, citing difficulty in coordinating personnel reshuffles across the different companies
Nov. 15, 2017
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Industries near Pohang report no damage from earthquake
Businesses that operate industrial facilities and plants near Pohang, North Gyeongsang Province, reported no major damage as of 5 p.m. from the magnitude 5.4 earthquake that shook the southeastern city Wednesday afternoon.Korea Hydro and Nuclear Power said all nuclear power plants including Wolsong Nuclear Power Plant maintained normal operations without any shutdown or power reduction.The nearest nuclear power plant to Pohang is Wolsong, which consists of six reactors located some 45 kilometers
Nov. 15, 2017
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Samsung, SK hynix's production unaffected by earthquake
South Korean tech giants said Wednesday no damage has been reported at production plants following the magnitude 5.4 earthquake which struck the southeastern city of Pohang earlier in the day.The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said. The quake was felt across the nation, including Seoul about 370 km away from the port city.Samsung Electronics Co. said it is currently looking into the situation at its chip production fa
Nov. 15, 2017