Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Military aircraft evacuating S. Koreans in Lebanon returns home
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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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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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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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First lady’s Dior bag scandal to be at center of Assembly audit
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Firefighters’ 3,000 won meals spark nutrition concerns
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Boeing Korea vows more R&D investment in Korean firms
Boeing Korea president Eric John said Thursday he would invest more in aerospace research and development projects in Korea to forge closer ties with Korean companies.“Just in the last four years, the amount we spend per year on R&D in Korea has doubled,” John told reporters in Seoul. Boeing Korea president Eric John (Boeing)“This year, it’ll be almost $2 million. In 2012, it was about $1 million. So it‘s still small, but I want to make it much bigger,” he said, adding that such moves would crea
March 17, 2016
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Eli Lilly chairman visits Samsung drug companies
The chairman of American pharmaceutical giant Eli Lilly & Co. visited the headquarters of Samsung BioLogics and Samsung Bioepis on Wednesday, fueling speculations on whether Eli Lilly and Samsung are mulling a potential partnership.Industry watchers speculate that due to the timing of the visit, Eli Lilly may be considering partnering with the two Samsung biologic companies. Eli Lilly is currently preparing to launch Basaglar, a biosimilar replication of Sanofi’s blockbuster diabetes drug Lantus
March 17, 2016
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Competition intensifies over premium instant noodles
Competition in Korea’s instant noodle market is heating up with food processing companies seeking new business models to increase their revenues amid the growing demand of consumers to explore new tastes and quality products. A series of premium ramen products have debuted since last year, changing the entire market landscape, which was long dominated by cheap, traditional products that many were familiar with, but tired of.Premium ramen refers to an upgraded version of instant noodles that adds
March 17, 2016
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Nongshim boosts sales in China, U.S.
Korea’s largest food manufacturer Nongshim said Thursday that it has set an annual overseas sales target of $720 million for this year, a 44 percent increase from last year’s $500 million.Company officials said it would focus on sales of its flagship noodle soup product Shin Ramyeon in the United States and Japan as well as China and Southeastern Asian countries. Shin Ramyeon in a Chinese store (Nongshim)In China, Nongshim’s sales hit a record high last year by selling products worth about $210
March 17, 2016
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[Photo News] Robot helping rehabilitation
ROBOT HELPING REHABILITATION -- Hyundai Heavy Industries said Thursday that it started to provide robots helping patients‘ rehabilitation to Seoul Asan Medical Center. (HHI)
March 17, 2016
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Hyundai Steel to increase prices in line with rising production costs
Hyundai Steel, a major Korean steelmaking company associated with Hyundai Motor Group, said Thursday that it has decided to raise prices of its major steel materials here starting next month to reflect a recent hike in production costs.The prices for its hot-rolled and cold-rolled steel plates being sold in Korea will be raised by around 30,000 won ($25.14) per ton in phases over a two-month period starting in April, according to the company. Hyundai steel products (Yonhap)Hot-rolled steel is a
March 17, 2016
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[Consumer This Week] The Face Shop x Kakao, Homeplus, McDonalds, Fila, CU, Lotte Foods, CJ Foodville
The Face Shop, Kakao launch collaborative cosmeticsSouth Korean cosmetics brand The Face Shop and Korean mobile messenger KakaoTalk have launched a new collaborative makeup collection.The new collection includes the brand’s sunscreen, sheet mask packs, perfume, hand cream and lip products that feature Kakao’s six flagship characters Muzi, Apeach, Neo, Frodo, Tube and Jay-G.“We launched the new collection with aims to add a pinch of fun to people’s daily makeup routines,” said an official from Th
March 17, 2016
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Chinese budget airline delays route to Pyongyang
Chinese budget airline Spring Airlines has delayed plans to run a route to the North Korean capital of Pyongyang, citing “market conditions,” a company official said Thursday. The Chinese carrier was originally slated to begin scheduled flights to Pyongyang from February, but it decided to postpone the plans following North Korea’s fourth nuclear test on Jan. 6 and a rocket launch about a month later. An official of Spring Airlines in Shanghai denied the decision was related to the latest U.N. s
March 17, 2016
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LPG sales grew 2.3 percent in 2015
Sales of liquefied petroleum gas in South Korea increased 2.3 percent last year from a year earlier on account of rising demand for LPG-powered homes and cars, industry data showed Thursday.Low crude oil prices also helped boost sales, according to data compiled by local refiners. A total of 6.06 million metric tons were sold in the country for industrial plants, city gas and vehicles, up from the 5.93 million metric tons tallied in 2014. In 2013, however, the figure had stood at 6.32 million to
March 17, 2016
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Duty-free operators bristle over plan to save Lotte, SK
Disputes escalated Wednesday over the government’s possible move to grant additional licenses to duty-free operators -- Lotte and SK -- which lost their bids last year.At a public hearing held to discuss ways to ease current regulations on duty-free operations, officials proposed to issue more licenses for duty-free shops in Seoul, and to expand their operation term from the current five to 10 years. The government believes the new measures would make the local duty-free market more attractive t
March 16, 2016
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Charity fashion show held in Hong Kong
The Perfect Imperfections charity fashion show to raise funds for physically challenged children took place at the residence of the Dutch Consul-General Residence in Hong Kong on March 13. The show was organized by BEAM International Foundation, a medical charity aimed at providing free surgeries for children with cleft palates. Other fashion brands from the Netherlands, including JOW by Angelle, collaborated on Perfect Imperfections. Lili Luo (left), president of TriBeluga and founding general
March 16, 2016
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Transport Ministry issues new guideline for LLCs
The Transport Ministry on Wednesday announced a new set of guidelines for low-cost carriers, urging them to allocate seats in order of flights canceled due to natural disasters.So far, passengers of all delayed or canceled flights were given boarding tickets on a first-come, first-served basis, regardless of the time of their original flight. Kwon Yong-bok, head of aviation policy at the Ministry of Land, Infrastructure and Transport (center) poses with representatives from airlines after an MOU
March 16, 2016
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Cosmax Indonesia receives halal certification
The Indonesian branch of South Korean cosmetics manufacturer Cosmax has officially secured halal certification, paving the way to enter the global cosmetics market targeting Muslims.Cosmax said Tuesday its manufacturing facilities in Indonesia received certification from major halal certification agency Majelis Ulama Indonesia. MUI is acknowledged by about 40 countries in the world. PT Cosmax Indonesia (Cosmax)Halal -- which means “permissible” in Arabic -- certification ensures that a given pro
March 16, 2016
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Herald inks partnership with Korea Green Building Council
Korean media and lifestyle company Herald Corp. signed an agreement with the Korean arm of World Green Building Council on Tuesday to jointly promote eco-friendly buildings. Herald Corp. CEO Lee Young-man (fourth from right) and KGBC chairman Kim Hway-suh (fourth from left) pose after signing a partnership agreement at the Herald Corp. headquarters on Tuesday. (Lee Sang-sup/The Korea Herald)“Together, we hope to introduce more Koreans to the concept of green buildings,” Kim Hway-suh, chairman of
March 16, 2016
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[Photo News] Guinness on St. Patrick's
GUINNESS ON ST. PATRICK‘S -- Irish Ambassador to Korea Aingeal O’Donoghue (left) and Irish deputy ambassador David Murphy pose at a Guinness promotional event at the Namsan Grand Hyatt Hotel on Tuesday to celebrate the upcoming St. Patrick‘s Day holiday. (Diageo)
March 16, 2016
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[Herald Interview] Pyeongtaek Port aims to be harbor logistics hub
Pyeongtaek Port aims to lead Korea‘s ports and logistics industry by strengthening a partnership with Chinese companies and focusing on the port’s hinterland complex. “We have a goal of handling a total volume of 600,000 20-foot (6.1 meters) equivalent units this year,” Choi Gwang-il, CEO of Gyeonggi Pyeongtaek Port Corp. said in an interview with The Korea Herald this week. Choi Gwang-il, CEO of Gyeonggi Pyeongtaek Port Corp.“In order to achieve the goal, we will continue to strengthen the par
March 16, 2016
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Kia Motors unveils Niro hybrid SUV
Kia Motors on Wednesday revealed its Niro hybrid subcompact SUV to the public on Wednesday and began receiving preorders.Equipped with a 1.6 GDI engine, coupled with a 32 kW motor system and six-speed dual clutch transmission, the Niro can produce up to 141 horsepower and a maximum torque of 27 kg-meters, the company said. Kia Motors’ latest hybrid SUV Niro (Yonhap)It also stressed that due to the strategic location of the battery below the second-row seats, the Niro has relatively larger luggag
March 16, 2016
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Oversupply, consumption drop hurt poultry market
Continuing oversupply of poultry has pulled down chicken prices to lowest in eight years and hurt related corporate profits, an institute report showed Wednesday.According to the findings by the Korea Rural Economic Institute, 966.96 million chickens were slaughtered last year, 9.2 percent more than the previous year.The slaughter has been increasing at an annual average of 7.8 percent since 1990, and such increase resulted in the chicken price hitting the lowest since 2007 in September last yea
March 16, 2016
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Galaxy S7 Edge more popular than S7 in Europe
Samsung Electronics's Galaxy S7 Edge, one of the Korean tech giant's latest two flagship smartphones, boasted higher than expected sales in Europe compared to its sister, industry sources said Wednesday.According to the sources, the Galaxy S7 Edge, which comes with a display that curves at both ends, accounted for 86 percent of the combined preorders for the latest flagship series in Europe. The figure compares to the 40 percent posted in Korea, they added. Samsung Galaxy S7 (Yonhap)Other source
March 16, 2016
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Hyundai Rotem bags 187 bln-won maintenance deal
Hyundai Rotem, a train-making affiliate of Hyundai Motor Group, said Wednesday that it has inked a 187 billion-won ($156.7 million) deal to maintain and repair subway cars in New Zealand.Hyundai Rotem signed the deal with France-based transit provider Transdev to take care of 166 subway cars in Wellington starting in July for 15 years. The Korean company supplied the vehicles in 2007 and 2013. Hyundai Rotem to maintain and repair subway cars in New Zealand (Yonhap)The firm said it will step up e
March 16, 2016