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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Military aircraft evacuating S. Koreans in Lebanon returns home
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Controversial cult leader’s sentence reduced to 17 years
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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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Samsung Electronics named top company to work for in Brazil, Russia
Samsung Electronics, the world‘s leading maker of smartphones and memory chips, ranked No. 1 among companies people want to work for in Brazil and Russia, industry sources said Sunday.The findings by Top Employers Institute, a global agency that evaluates personnel management strategies of companies, showed Samsung being rated as the best employer in Brazil this year. Samsung Electronics Co.'s Galaxy S8 smartphone is displayed at a shop in Seoul on April 10, 2017. (Yonhap)The evaluation takes in
April 16, 2017
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SBC hosts Malaysian minister to discuss exchanges
South Korea’s business promotion agency said Sunday it had hosted a meeting with Malaysia’s trade minister to discuss ways to expand bilateral business cooperation and investment opportunities.The gathering in Seoul on Friday created an opportunity for local companies to get information from senior officials on how to do business in the Southeast Asian country, the Small and Medium Business Corp. said. (123RF)It said Minister for International Trade and Industry Mustapa Mohamed received question
April 16, 2017
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LG OLED TV gets record high marks by Consumer Reports
LG Electronics’ 65- and 55-inch ultra-organic light-emitting diode television sets got the best marks ever for excellence by a US consumer agency, industry watchers said Sunday.Consumer Reports gave the two sets 88 points each, the highest score it has given in the TV evaluation category so far, the sources said. LG Electronics ultra OLED television set (LG)This exceeds the 86 points the monthly publication gave LG’s Signature series OLED TVs in November. TVs made by the consumer electronics gia
April 16, 2017
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Rail institute develops rolling stock with higher loading capacity
The state-run rail institute developed a rolling stock that can move a greater number of containers at once, officials said Sunday, a development that can greatly reduce freight transport costs.Double-stack rail transport is a form of freight car where containers are stacked two high on flat or well cars. The method has become increasingly common and is used for 90 percent of rail shipments in the country. (the Korea Railroad Research Institute)The Korea Railroad Research Institute unveiled its
April 16, 2017
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Korea's duty-free sales fall 19% in March amid THAAD row
South Korean duty-free shops' sales fell 19 percent in March from a month earlier due to China's retaliation against the deployment of a U.S. anti-missile system here, government data showed Sunday. Overall sales in domestic duty-free stores declined to 1.06 trillion won ($930 million) in March from the previous month's 1.305 trillion won, the Korea Customs Service said in a statement. (Yonhap)The decline was sparked by China's ban on all group travel to South Korea from March 15 onward amid a
April 16, 2017
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Hyundai Motor sells over 20,000 Creta CUVs in March
Hyundai Motor Co. sold more than 20,000 units of its Creta crossover utility vehicle overseas in March on strong local demand for subcompact CUVs, the country's top carmaker said Sunday. (Yonhap)Hyundai currently produces the Creta subcompact front-wheel-drive crossover at its plants in India, Russia and Brazil for local demand and exports. Total sales hit 22,194 in the month, company data showed. The Creta is powered by either a 1.4-liter gasoline or a 1.6-liter gasoline engine, he said, addin
April 16, 2017
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Cosmetics firms to post lackluster Q1 earnings on China risks: analysts
South Korean cosmetics makers are heading for dim first-quarter earnings, caused by China's boycott of products made by local companies in the wake of a diplomatic standoff over the deployment of a US missile defense system, analysts said Sunday. (Yonhap)Industry leader AmorePacific Corp. is forecast to have made 315.1 billion won ($276.5 million) in operating profit for the January-March period, down 6.7 percent from a year earlier, according to a report by Samsung Securities Co. Its sales are
April 16, 2017
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KDB, NPS struggle to find middle ground on Daewoo
A state-run main creditor of Daewoo Shipbuilding & Marine Engineering Co. and the National Pension Service (NPS), the biggest bondholder of the troubled shipbuilder, are struggling Friday to find common ground on debt rescheduling measures for the shipyard. The NPS had been scheduled to hold a meeting to decide on whether to agree on the latest rescue plan for Daewoo Shipbuilding, but the meeting has not been held so far. Still, officials from the Korea Development Bank (KDB) and the NPS are eng
April 14, 2017
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Ex-US military IT expert named adviser to Samsung CEO
Samsung Electronics appointed Terry Halvorsen, a former US military information technology expert, as a global enterprise adviser to Shin Jong-kyun, the tech giant‘s CEO, the company said Friday.Halvorsen built his career in the Department of Defense and Department of the Navy over more than 35 years and will focus on Samsung’s global business-to-business mobile business, particularly on security issues over quickly developing connected devices. He will serve as an executive vice president at Sa
April 14, 2017
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[Photo News] Rescue team evacuates Samsung workers due to false report
SAMSUNG EVACUATION -- A special rescue team vehicle is seen outside of Samsung’s head office in Seocho, Seoul, Friday, as they evacuated workers after receiving a false report that explosives were planted in one of the three buildings in the complex. (Yonhap)
April 14, 2017
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Lotte exec questioned over corruption scandal
Prosecutors on Friday questioned an executive at retail giant Lotte in connection with a corruption scandal that removed former President Park Geun-hye from office.So Jin-sei, the chief of the group's committee for social contribution, was summoned to appear at the Seoul Central District Prosecutors' Office to bear witness to possible bribery related to its duty-free business.So Jin-sei, chief of Lotte Group's committee for social contribution, arrives at the Seoul Central District Court in the
April 14, 2017
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Jin Air to increase flights to Japan, SE Asia to offset THAAD impact
Jin Air will increase flight service to Japan and Southeast Asia to offset a drop in passenger traffic from China due to the diplomatic row over the deployment of an advanced US anti-missile system on South Korean soil, the budget carrier said Friday. The number of Chinese travelers fell dramatically as the neighboring country has banned the sale of tour packages since mid-March. The move is apparently in retaliation against the installation of the Terminal High Altitude Area Defense system.A Ji
April 14, 2017
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[Weekender] Unmanned services: pros and cons
Despite the positive elements of unmanned services for making life more convenient and saving time, concerns are also rising over the technology-backed services replacing jobs and causing security concerns.Seoul National University has been operating unmanned security systems by reducing the number of security guards.The college has installed surveillance cameras and sensors at 25 buildings designed to raise the alarm only in case of an emergency. Currently it has 180 guards, but they are expect
April 14, 2017
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Posco to build smart factory for anode production
Posco Chairman Kwon Oh-joon vowed Friday to build a smart factory that has an automation system to produce high quality anode materials for rechargeable batteries, the company said Friday. During a visit to Posco Chemtech, a subsidiary of the steel giant that produces anode materials in Sejong, south of Seoul, Kwon said the company would have an automated system capable of producing 30,000 tons a year in the next three years. Posco Chairman Kwon Oh-joon looks at the heat treatment process of an
April 14, 2017
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Basaglar challenges Sanofi’s insulin drug Lantus
Eli Lilly and Boehringer Ingelheim launched Basaglar, a biosimilar referencing Sanofi’s blockbuster insulin drug Lantus, in South Korea on Thursday, intent on challenging the original drug’s dominance in the domestic market for diabetes treatments.Basaglar KwikPen, designed as a pen-shaped self-injection device, is a long-acting basal insulin for the treatment of adults and children with type 1 diabetes mellitus and adults with type 2 diabetes mellitus.The drug secured approval from Korea’s Mini
April 14, 2017
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Korean carriers say ‘never’ to US overbooking fiasco
Full-service carriers in Korea said that an incident like the recent forced removal of a man from a United Airlines flight would never happen here.Both Korean Air and Asiana Airlines told The Korea Herald that there were no concerns about the possibility of forcing passengers off of flights in Korea because of the protocol for handling overbooked situations. (Korean Air/Asiana Airlines)Overbooking flights, a common practice among airlines to maximize seating on planes, became a particular point
April 14, 2017
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SK chief confident in Toshiba bid
SK Group Chairman Chey Tae-won has expressed his confidence in acquiring Toshiba’s chip unit, implying that the group‘s chipmaking unit would take a different approach when the real race begins.“The bidding for Toshibia currently being carried out is not binding. The (bidding) price has no significant meaning,” he told reporters after a lecture Thursday at a local university in Seoul.”When (the process with) binding begins, things will change differently.“SK Group Chairman Chey Tae-won (Yonhap)T
April 14, 2017
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Korean Air says it will not raise domestic airfare
Korean Air said Friday it will not raise airfare on domestic routes to and from the southern resort island of Jeju to buttress the local tourism industry hit hard by China's decision to discourage its people from visiting South Korea."We've decided not to increase airfare to prop up domestic consumption that can help the tourism industry here," the country's biggest flag carrier said in a statement. (Yonhap)There has been a sharp drop in Chinese visitors from mid-March after Beijing banned the s
April 14, 2017
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[Weekender] Young, busy Koreans prefer spending time at unmanned stores
People passing by the streets of Bangbae-dong, a neighborhood in southern Seoul, look back to check out the unusual atmosphere in the Newdle 365 store, one of few unmanned convenience stores in the city. The store, having seven vending machines and no cashier, is crowded with students during busy afterschool hours, but there is no need to wait for long as customers can easily purchase products with the press of a button. The Newdle 365 store at Bangbae-dongLocated next to a primary school, the
April 14, 2017
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[Weekender] Doing without humans
Lee Bom, 34, is one of a growing number of unmarried people in South Korea, and aside from her colleagues at work, she can go a full day without talking to anyone.Due to her long working hours, Lee orders all her groceries online. As she usually doesn’t get home until late at night, her items are delivered to Smile Box, an unmanned parcel pickup and return service. The box is installed at a GS25 convenience store near her house and is opened using a verification code on her smartphone.Lee enjoys
April 14, 2017