Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Man escapes DUI charges by downing bottle of soju while pulled over
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Pay debate plagues foreign nanny pilot
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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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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[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
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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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Korea to cut steel for new 3,000-ton submarine
Korea will start the construction of a new 3,000-ton submarine for the Navy, the state arms procurement agency said Friday.The Defense Acquisition Program Administration said a steel-cutting ceremony for the third submarine in the Jangbogo-III project will be held at the shipyard of Hyundai Heavy Industries in Ulsan, some 414 kilometers southeast of Seoul, later in the day. An image of a submarine to be built in the Jangbogo-III Batch-I program in a photo provided by the Defense Acquisition Prog
June 30, 2017
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Samsung, Harman team up to release new solutions
Samsung Electronics Co. showcased new solutions in the entertainment and signage business helped by its takeover of US automotive electronics firm Harman International Industries Inc., business sources said Friday.New solutions introduced through the collaboration between the South Korean tech giant and Harman also include a hotel system, which adopted Samsung's motion sensor, along with Harman's voice recognition system, allowing clients to control curtains and other facilities in their rooms.
June 30, 2017
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Korea's industrial output gains 0.2 pct in May
South Korea's industrial output gained ground in May from a month earlier on a turnaround in production of semiconductors, government data showed Friday.Production in the mining, manufacturing, gas and electricity industries edged up 0.2 percent on-month last month, rebounding from a 2.2 percent on-month drop in April, according to the data by Statistics Korea. (Yonhap)From a year earlier, the figure also climbed 0.1 percent last month as a gain in machinery and electronic parts was offset by a
June 30, 2017
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North’s denuclearization will provide growth, investment: Moon
WASHINGTON/SEOUL -- President Moon Jae-in on Wednesday said that peace on the Korean Peninsula will provide an opportunity for growth and investment in North Korea for both Korean and US companies. Speaking at a forum with US and Korean business leaders organized by the two countries’ chambers of commerce, Moon also urged closer collaboration between South Korean and US businesses to facilitate the two nations becoming “strategic economic partners.”At the event held in Washington DC, Moon said t
June 29, 2017
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Lotte Duty Free opens expanded World Tower store
Lotte Duty Free said Thursday that it is opening its expanded World Tower store Friday, connecting stores in its Avenuel and Lotte World Tower buildings.The branch has been expanded to 17,334 square meters, making it the largest downtown duty-free store in Korea, the second largest in Asia and the third largest in the world.It houses 420 brands, increased from the existing 320, focused on the latest trends preferred by Japanese and Chinese tourists. Executives at Lotte Duty Free including CEO Ja
June 29, 2017
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Samsung Heavy completes world's largest offshore platform
Samsung Heavy Industries Co., a major shipyard here, said Friday that it has launched the world's largest offshore plant after five years of construction.In June 2011, along with France's Technip, the shipyard clinched a $3.4 billion deal from Shell to build the floating LNG production facility, named Prelude FLNG. This photo, provided by Samsung Heavy Industries Co., shows the world's largest offshore platform ever built, the Prelude FLNG. (Yonhap)The floater, 488 meters long and 74 meters wide
June 29, 2017
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Business center for Korean content industry opens in Tokyo
A business center that helps Korean content production companies advance in Japan opened in Tokyo Thursday.The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency ran the center's opening ceremony at the Korean Cultural Center inside the Korean Embassy in the city. The center is expected to assist Korean content businesses by providing them with meeting venues and various services for exhibition and promotion. It will, in particular, be used to introduce Korea's latest
June 29, 2017
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DHL Global Forwarding begins multimodal Asia-Europe service in Korea
Freight service provider DHL Global Forwarding said Thursday that it has expanded its multimodal Asia-Europe network services to Korea in order to offer Korean companies flexibility in logistics when shipping to the European market.Through the service, shipments from Korea can travel by ferry to China, then via DHL’s rail routes across Asia to Europe. At a press conference held at The Plaza in Seoul on Thursday, DHL Global Forwarding’s CEO for North Asia Charles Kaufmann said that the rail servi
June 29, 2017
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Patent Court completes first-ever English test hearing
DAEJEON -- In an effort to appease a growing number of foreign parties and international patent cases tried in the country, the Patent Court of Korea on Wednesday held a test trial of an International Chamber case hearing adjudicated in English. According to the Patent Court, located in Daejeon, the demand for English-language trials has been repeatedly raised by international parties, who accounted for more than 40 percent of the 611 cases adjudicated by the court last year. The test trial, “
June 29, 2017
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[Best Brand] Re:NK’s Cell to Cell Essence provides youthful boost
Coway’s cosmetics brand Re:NK has released a new moisturizing essence packed with real plant cells to provide a youthful boost to the skin.The Cell to Cell Essence is an anti-aging product that includes 1 million intact cells extracted from three types of plants -- everlasting, nopal and myrrh. It was developed by Coway and French University of Bordeaux's global research and development network. Coway Re:NK’s Cell to Cell Essence (Coway)“The cells are injected with a protein solution that keeps
June 29, 2017
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Shinsegae DF teams with Naver to provide translations for shoppers
Duty-free operator Shinsegae DF said Thursday it has teamed up with Naver to provide more convenient translation services for shoppers through Naver’s Papago app.A Shinsegae DF employee and shopper communicate using Papago. (Shinsegae DF)Papago is an app that uses artificial intelligence to understand and translate whole sentences based on the context.Naver updated its app to include useful expressions for users who are shopping at duty-free stores and opened a new section in the app specificall
June 29, 2017
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[Best Brand] Taeyoung’s Elensilia snail cream boasts outstanding anti-aging benefits
Taeyoung, a South Korean cosmetics company, said its Elensilia snail cream has proven effective in delaying skin aging due to its high levels of snail mucus.According to Taeyoung, 80 percent of Elensilia consists of snail mucus, or snail slime, made by France-based cosmetic ingredients supplier Sederma.A key component of snail mucus known as glycosmainoglycans, or GAG, delays skin aging by preventing moisture from evaporating and boosting hydration levels, the company said.Elensilia snail cream
June 29, 2017
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[Best Brand] Coway releases paradigm-changing water purifier AIS
Coway, South Korea’s leading water purifier maker, released the AIS water purifier earlier this week, with an aim to change the paradigm of the water purifier market, the company said Thursday. AIS stands for aqua pure, ice and sparkling.“AIS is an innovative product that offers cleaner cold water, faster ice production and fizzy sparkling water,” said Coway CEO Lee Hae-sun through a statement.“The product will completely change the concept of ice, carbonic acid and water in the water purifier m
June 29, 2017
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Homeplus gets warning for alleged pressure on subcontractor
Homeplus has become mired in a controversy, with its contracted maintenance firm claiming the retailer pressured them to purchase vouchers during holiday seasons.Upon receiving the case, the Fair Trade Commission viewed that while Homeplus’ alleged action did not have a forced nature, the contracted company had reasons to feel pressured. It sent the company a warning, a mild form of discipline. (Yonhap)According to the industry, the maintenance company that had been contracted to clean, maintain
June 29, 2017
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T'way Air to serve long-haul routes to US, Europe in 2020
T'way Air Co., a South Korean low-cost carrier, said Thursday it will start services on profitable international routes to the United States and Europe in 2020. To serve on the long-haul routes, the country's fifth-biggest budget carrier by sales plans to purchase or lease 10 large passenger jets by 2025 from Airbus or Boeing to strengthen its fleet, T'way Air Co. CEO Jeong Hong-geun said in a press conference. T`way Air Co. CEO Jeong Hong-geun answers questions on the budget carrier`s business
June 29, 2017
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Hyundai Rotem seals W120.7b deal with government
Hyundai Rotem, South Korea’s leading rolling stock and defense unit of Hyundai Motor Group, inked a 120.7 billion won ($105.86 million) deal with the government to repair old tanks, the company said Thursday. The defense product maker and the Defense Acquisition Program Administration, or DAPA, agreed to repair and upgrade aged K1 and K1A1 tanks, most commonly used in the Korean army, for a year until June 29, 2018. The K1A1 tank made by Hyundai Rotem, South Korea’s leading rolling stock and def
June 29, 2017
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SK to invest W1.8tr in US energy development
South Korean telecom-to-energy conglomerate SK Group said Thursday it plans to invest 1.8 trillion won ($1.56 billion) in the United States over the next five years, while forging an agreement to expand partnership on energy development.SK Group Chairman Chey Tae-won attended a signing ceremony of a memorandum of understanding on strengthening strategic partnership with US firms, GE and Continental Resource on shale gas production in US and also seeking global marketing opportunities for fuel sa
June 29, 2017
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Health care exports top $10b in 2016
Annual exports of South Korean health care and cosmetics goods surpassed the $10 billion mark for the first time in 2016, helped by strong overseas demand, the Ministry of Health and Welfare said Thursday.Outbound shipments of locally produced drugs, medical equipment and cosmetics reached $10.22 billion last year, up 19.1 percent from the previous year, the ministry said.The ministry said South Korea witnessed an average annual export growth of 19.4 percent between 2012 and 2016. (Yonhap)Export
June 29, 2017
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Department stores see sales drop despite improving consumer sentiment
South Korean retailers saw their sales fall slightly this month, industry data showed Thursday, despite steady improvements in consumer sentiment. Lotte Department Store, the country's leading top-end retailer, said its sales fell 1.3 percent from a year earlier in the June 1-27 period. This photo provided by leading retail chain Lotte Department Store on June 28, 2017, shows its store in the southeastern city of Busan.Its rival Hyundai Department Store also saw its revenue from the same period
June 29, 2017
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Samsung's Galaxy S8 series named best at MWC Shanghai
Samsung Electronics Co. said Thursday its flagship Galaxy S8 and Galaxy S8 Plus smartphones were given top honors during the Mobile World Congress Shanghai 2017.The South Korean tech giant said the GSMA, a global body of mobile carriers, named the flagship devices as the "Best Smartphones" during the electronics fair. (Yonhap)Samsung said the GSMA praised the smartphones' unique design and distinctive features.The devices feature high-resolution displays that bend on both sides and come with var
June 29, 2017