Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Firefighters’ 3,000 won meals spark nutrition concerns
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Can Jennie break the K-pop solo artist slump?
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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[Best Brand] Hosigi Doomari Chicken picked as favorite chicken brand
Hosigi Doomari Chicken stood out as the No.1 chicken franchise brand with the highest customer satisfaction level for its low price but high quality of food, according to a Korea Customer Agency report. Established in 1999, Hosigi Doomari Chicken has been operating under the slogan: “Impress customers, impress chain store owners, with alienated neighbors.”Hosigi Doomari ChickenAs “Doomari Chicken” refers to two chickens in Korean, the company impressed its customers by offering two for the price
June 28, 2016
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[Best Brand]Seho Tech targets global market with eco-friendly chemical solutions
Seho Tech, a local chemical materials supplier, is expanding its business into the global market with its eco-friendly chemical solutions, the company said. Seho Tech is the nation’s first company to commercialize the technology to recycle polyurethane foam in 1997 after long years of research to reduce carbon emissions generated from incinerating waste building materials. In 2008, the firm again succeeded in recycling the foam into polyol, used in many sectors, including panels for buildings, r
June 28, 2016
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Shinsegae’s Starfield Hanam to introduce exclusive malling experience
[THE INVESTOR] SARASOTA, Florida — A breeze of cool air, a bright ambience and the view of dozens of shops lined up across spacious pathways offer an immediate sense of relief and anticipation to all those who step inside the largest shopping mall in Sarasota, Florida. The Mall at University Town Center in many ways embodies the typical features of a traditional U.S. shopping mall — spacious and horizontally spread out with rows of shops that each lead to so-called “anchor stores,” or big depart
June 28, 2016
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[Best Brands] Kooksoondang’s banana flavored rice wine hits market
Traditional liquor producer Kooksoondang’s rice wine (makgeolli) flavored with banana has hit the market, attracting in particular the young generation. Released in early April, the Rice Makgeolli Banana recorded more than 2 million bottles of sales in two months, the company said. Kooksoondang’s rice wine with banana flavor.The unique traditional beverage with 4 percent alcohol combines Korean methods of brewing makgeolli with banana puree. The product is sold in Korea and 11 other countries,
June 28, 2016
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[Best Brands] Elensilia top seller on home shopping network for 6th year
Elensilia’s snail cream has been named the top-selling skin care product on a home shopping network for six consecutive years, according to the cosmetics-maker.First launched in September 2009, the skin care cream containing snail extract has maintained its place on top of the skin care rankings at NS Home Shopping. It has recorded over 250,000 returning customers on that channel alone.Spokesmodel Park Ji-yoon with Elensilia’s snail extract cream (Elensilia)The cream contains 80 percent glycosam
June 28, 2016
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[Best Brands] JPTV offers professional tips for investment
Financial counseling service JPTV offers professional investment tips for individual investors to support them with up-to-date stock information. With more than 30 stock investment experts, JPTV has provided content ranging from trading signals and system training to automatic trading solutions, for private investors who lack professional knowledge and support. The website of JPTVThe experts deliver their tips through a number of TV programs on various economy channels, such as MTN or edaily TV.
June 28, 2016
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[Best Brands] Pigeon releases detergent effective for kimchi stain
Pigeon, a local household product supplier, has released NEW Act’z Perfect Solution, the latest product under its signature brand Act’z, to suit Korean consumers’ growing demand for a detergent that effectively washes off stains left from Korean food.Act‘z Perfect Solution is the first liquid detergent product manufactured for Korean food stains, developed after much research, the company said.Pigeon’s NEW Act‘z Perfect SolutionPigeon asked Gallup Korea, a local pollster, to conduct a survey on
June 28, 2016
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[Best Brand] Coway, an innovator in water purifier market
Coway, a Korean water purifier-maker, leads in product innovation with the launch of “IoCare” water purifiers. The new product, unveiled in May, combines the latest technologies in water filtration and treatment, auto sterilization, and the Internet of Things into a compact-size kitchen appliance. Coway’s IoCare water purifier“The IoCare water purifier is the embodiment of Coway’s prowess in technology and design,” said Park Yong-joo, the Korean firm’s head of marketing. “We will continue to foc
June 28, 2016
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[Best Brands] JUN6, global module brand amalgamating wedding with living
(JUN6 Wedding)JUN6 Wedding is one of the most referred-to key words in the field of K-wedding and beauty among Asian brides in Hong Kong, Taiwan and elsewhere. The firm is on a steep uphill trajectory, inking contracts with more than 1,000 couples in 10 countries in less than two years since opening its Taiwan branch in 2014.The firm’s CEO Kim Jun-woo says the motor behind the rapid growth of his firm is his special staff with expertise in each of their fields, as well as the brand’s limitless g
June 28, 2016
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ViroMed initiates Phase 3 clinical study on diabetic neuropathy treatment
[THE INVESTOR] ViroMed, a Korean biotechnology firm, said on June 28 that it has started the Phase 3 clinical trials of VM202, a proprietary DNA based biopharmaceutical, for patients with painful diabetic peripheral neuropathy. According to the company, it is the first pivotal gene therapy trial specifically targeting the most common cause of severe neuropathy, and follows the successful completion of a Phase 2 trial conducted at Northwestern University and multinational sites in the US and Kore
June 28, 2016
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[Newsmaker] Ex-DSME chief taken into custody
Former Daewoo Shipbuilding and Marine Engineering CEO Nam Sang-tae was taken into custody early Tuesday amid the widening probe into a massive accounting fraud. The Seoul Supreme Prosecutors’ Office said it was holding Nam in its custody, following a half-day questioning on Monday as a suspect in the alleged window dressing. It has found new allegations and spotted signs of destroying evidence, it added. (Yonhap)The office plans to ask the court to issue an arrest warrant for him on Wednesday. T
June 28, 2016
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Hyundai Merchant restructuring to be extended by one month
[THE INVESTOR] Hyundai Merchant Marine said on June 28 that it will stay bound to creditor-led reforms for one more month until late July. The firm said this was because it was taking longer than expected to meet some of the conditions put forth by its creditors for agreeing to the 90-day restructuring.One of the conditions was to join a global shipping alliance, and this has met some challenges, the firm said. The other two are a debt recast and a charter rate cut.Hyundai Merchant said it has b
June 28, 2016
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Budget carrier Jin Air to start Incheon-Cairns service
Jin Air Co., the budget unit of Korean Air Lines Co., said Tuesday that it will launch a flight service to Cairns, a holiday destination on the northeast coast of Australia, later this year.Jin Air said that it will deploy its B777-200ER aircraft equipped with 393 seats on the Incheon-Cairns route twice a week for about two months, starting Dec. 14.The carrier said it will decide whether to keep the route after the temporary service is over.Australia is a popular holiday destination for Koreans.
June 28, 2016
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Celltrion on track to release world’s first flu-targeting therapeutic antibodies
Celltrion said Tuesday that it is on track to introduce the world’s first therapeutic antibody for the treatment of universal influenza, as the new drug will begin the second part of its phase II clinical trials by the end of this year. The South Korean biopharma company, best known for its biosimilar drugs that reference blockbuster biologic drugs like Remicade, is currently preparing its new influenza drug CT-P27 for phase II 2b trials.Celltrion said it has yet to determine where the next-step
June 28, 2016
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Hyundai Merchant's creditor-led overhaul scheme to be extended by one month
The financially troubled Hyundai Merchant Marine Co. said Tuesday that its creditor-led restructuring scheme will be extended by one month to late July as its bid to join a global shipping alliance takes longer than expected.In April, its creditors, led by the state-run Korea Development Bank, approved the shipper's restructuring plan in return for the company meeting three key prerequisites -- a debt recast, a charter rate cut and an inclusion into a global shipping alliance.The creditor-led to
June 28, 2016
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[DECODED] The men behind Naver’s dizzying success
[THE INVESTOR] Reserved and meticulous. These are some of the words often used by those close to Naver’s founder and board chairman Lee Hae-jin, who is regarded as a pioneer in Korea’s web search industry. He builds and executes elaborate business plans and few at the portal company would dare confront him.Naver board chairman Lee Hae-jinLee is credited with growing Naver, which began as a four-member start-up, into the nation’s largest web portal and one of the 10 largest companies in terms of
June 28, 2016
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Korea Western Power to build US$450m solar power plant in Vietnam
[THE INVESTOR] Korea Western Power and Shinsung Solar Energy will jointly undertake a US$450 million solar power project in Vietnam. According to the memorandum of understanding the two companies signed on June 28, Korea Western Power and Shinsung Solar Energy will build a 300-megawatt solar power station in Dak Nong province in southern Vietnam. Korea Western Power said that it will use this project to expand further into overseas renewable energy markets. By Choi He-suk (cheesuk@heraldcorp.com
June 28, 2016
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Messaging app Line sets IPO price range
Japan-based global messaging app operator Line Corp. said Tuesday that it has set the price range of its initial public offering at between 2,700 yen and 3,200 yen ($31.60) a share, roughly matching its previously hoped-for price of 2,800 yen per share, amid increased market tumult sparked by Britain's unprecedented vote to leave the European Union.Earlier, Line said it will list its shares in Tokyo and New York next month in what could be the largest IPO by a technology company around the globe
June 28, 2016
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Sulfuric acid leak at Korea Zinc halts maintenance work
[THE INVESTOR] A sulfuric acid leak at Korea Zinc’s plant in Ulsan on June 28 injured six workers from a subcontractor. Korea Zinc is the global number one nonferrus metal smelting company in terms of scale, productivity, and technology.According to the authorities, about 1,000 liters of sulfuric acid leaked during maintenance work, injuring six workers from a subcontractor. Three of them are reported to have sustained serious injuries. The leak was contained within the facility, and atmospheric
June 28, 2016
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Labor disputes add to DSME woes
Daewoo Shipbuilding & Marine Engineering’s labor union is resisting restructuring measures out of layoff fears, adding to the woes at the country’s second-largest shipbuilder facing mountains of debt and allegations of over 5 trillion won ($4.3 billion) in accounting fraud. The union has launched an indefinite demonstration in protest, starting from late Monday. Yonhap“Creditors and the management are unilaterally pushing for the restructuring plan with no consideration of employees,” the union
June 28, 2016