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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Zika virus fears lead to mass cancellation of flights
Growing fears about the spread of the Zika virus led to more than 1,000 people canceling their international flights in February, according to Korean airlines on Thursday.They said a total of 1,376 pregnant women and family members had canceled flights to countries where Zika virus infections had broken out. These flights had been booked with either Korean Air, Asiana Airlines, Jeju Air, Jin Air, Eastar or T’way Airlines. In this file photo from Feb. 12, passengers are checked for fever as they
March 10, 2016
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AMADAS Smart Door Lock draws keen interest from European and American corporations
The AMADAS (CEO Park Eun Min) smart door lock recently gained the attention of global companies from Europe and the United States at the ‘Mobile World Congress 2016’(MWC) held in Barcelona, Spain last February. At the MWC, European telecommunication service providers, IoT platform companies, door lock manufacturers, house rental companies, and even Apple Inc. of the United States requested special consultations to learn more about the highly developed functions and design of the AMADAS IoT Smart
March 10, 2016
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Zika virus fears lead to mass cancellation of flights in Korea
Growing fears about the spread of the Zika virus has led to more than 1,000 people canceling their international flights in February, according to Korean airliners Thursday.They said a total of 1,376 pregnant women and their families canceled flights from six airlines -- Korean Air, Asiana Airlines, Jeju Air, Jin Air, Eastar and T’way Airlines -- flying to countries where Zika virus infections broke out. In this file photo from Feb. 12, passengers are checked for fever as they enter Incheon Inte
March 10, 2016
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DSME to slash 12,000 workforce by 2019
The chief of Daewoo Shipbuilding & Marine Engineering said Thursday it will slash 12,000 of its workforce by 2019 as part of efforts to revive its struggling core business. “We are planning to reduce the number of employees to a similar level to 2009 and 2010 when management efficiency was the highest,” DSME CEO Jung Sung-leep said in a press conference at the firm’s headquarters in Seoul. According to Jung, the nation’s second largest shipbuilder had around 30,000 employees, including vendor fi
March 10, 2016
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Convenience stores in Korea evolve
South Korean convenience stores have evolved from simple 24-hour corner shops into all-in-one stopovers for foods, goods and services tailored to modern needs. Despite sluggish consumption, convenience stores have constituted the country’s fastest-growing retail segment, outpacing offline retailers by a large margin with a 29.6 percent on-year hike in sales in 2015, according to Statistics Korea. KDB Daewoo Securities analyst Lee Jun-ki predicts “a continued growth of Korea’s convenience store
March 10, 2016
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AMCHAM delegation to visit Washington for Korea promotion
A delegation of the American Chamber of Commerce in Korea plans to visit Washington D.C. next week to meet government officials and politicians to stress the importance of South Korea as an economic partner. The delegation includes James Kim, AMCHAM chairman and CEO of GM Korea, AMCHAM president John Schuldt, United Airlines country manager David Ruch, attorney Jeffrey Jones, Johnson & Johnson Medical Korea chief Swami Raote, and GE Korea adviser Choi In-bom. They plan to attend around 30 meetin
March 10, 2016
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‘Bio firms cash in on demographic change’
South Korean bio firms enjoying record-high sales last year may have benefitted from a demographic change of women outnumbering men, with their economic power stronger than before, according to industry observers quoting statistics. Statistics Korea said in its September announcement that the number of women stood at 25,715,304 in June, 492 higher than the male population, marking the first time women have outnumbered men since the government began compiling data in 1960.The gap between men’s an
March 10, 2016
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Hyundai Department Store to open Dongdaemun outlet
Hyundai Department Store will open a new outlet in Dongdaemun, a popular shopping district in Seoul, on Friday, targeting Chinese tourists looking for high-quality products.Built on a 37,000- square-meter plot, the nine-floor outlet will have lifestyle and food sections, a branch of Kyobo Bookstore as well as medical and beauty service centers. It will also have the first offline store of e-commerce operator Wemakeprice, it added.Total floor space of the outlet’s food and beverage section -- sim
March 10, 2016
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Samsung Medison to name new CEO from Samsung Electronics
Sonogram maker Samsung Medison will appoint Jun Dong-soo, medical device unit leader of Samsung Electronics, as its new CEO, according to news reports on Thursday. Jun’s appointment will be reportedly made official on Friday at the board of directors’ meeting. He is also expected to be listed as Medison’s internal director at the shareholders’ meeting on the same day. Jun Dong-sooMedison declined to comment on the news. The appointment of Jun, one of the key men inside the country’s largest bus
March 10, 2016
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Korea's ICT exports dip 9.8% in Febuary
Korea's exports of information communication technology (ICT) goods dropped almost 10 percent last month, led by a continued slump in sales of semiconductors and displays, government data showed Thursday.But the pace of decline slowed last month on the back of an increase in outbound shipments of mobile devices, according to the data compiled by the Ministry of Trade, Industry and Energy. Samsung Galaxy S7 (Yonhap)The ICT exports of Asia's fourth-largest economy dropped 9.8 percent to $11.4 bill
March 10, 2016
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Chinese investment, double-edged sword for Korean gamemakers
For Korea and China, the online game market is not only a new stage for strategic partnerships but also an emerging battlefield.Chinese firms, armed with massive capital, are rushing to Korea known for its advanced tech industry.It provides some local developers with a much-awaited investment but poses a 'life-or-death' threat to smaller ones in a war of money, market watchers say.Earlier this week, NHN Entertainment, a Korean internet giant, announced plans to sell a 19.24-percent stake in its
March 10, 2016
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LG maintains spot as top LTE patents holder
LG Electronics said Thursday it had maintained its spot as the No. 1 holder of “essential” technology patents related to the Long Term Evolution network for the fifth consecutive year in 2015.Citing data compiled by U.S. patent tracker TechIPM, the South Korean firm said it held the most number of related patents in the segment in the United States. The data includes LTE-Advanced technologies.An “essential” patent refers to core technologies vital for the operation of the LTE network, the compan
March 10, 2016
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LG to offline promotions of G5
LG Electronics, South Korea’s No. 2 smartphone-maker, will likely skip preorders to focus on offline promotions of its latest flagship G5 smartphone, industry sources said Thursday.The South Korean tech giant had held preorders for its predecessors -- the G3 and the G4.LG Electronics has not yet announced the official release date of the G5, although it is rumored to be between end-March and early April.LG claims the 5.3-inch G5 smartphone, slightly smaller than the G4, is the world market’s fir
March 10, 2016
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E-mart to export private-label products to U.S.
E-mart, one of the country’s major discount chains, will make inroads into the U.S. market by exporting its private-label products, the company said Wednesday. The company has signed a memorandum of understanding with MBC America, a Korean TV program distributer based in Los Angeles, to introduce products developed under the retailer’s brand. Products will be promoted through home shopping shows scheduled to be broadcast between regular programs. The plan targets Korean-American viewers in U.S.
March 10, 2016
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Woori Bank to invest W2b in national crowdfunding program
Woori Bank said Tuesday it will spend 2 billion won ($1.66 million) in the first national crowdfunding program to support small and medium-sized start-ups and facilitate crowdfunding sentiment in the local market.“K-Crowd Fund” is the first national fund to support the Growth Ladder Fund, a government-funded program linking new start-ups with venture capital and other financial firms. Woori Bank will invest in Magellan Technology Investment, one of the three operators of the 20 billion won K-Cro
March 10, 2016
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Hanjin Group to open new hotel in LA
Hanjin Group, parent company of Korean Air, said Wednesday that it will open a 73-floor hotel in downtown Los Angeles later next year, as part of efforts to expand its hotel business overseas.The announcement came during a topping-out ceremony held to celebrate the completion of the concrete frame of Wilshire Grand Hotel in the city. The final piece of steel is hoisted during the topping-out ceremony at The Wilshire Grand Hotel. (Hanjin)The ceremony was attended by Chris Martin, CEO of architect
March 9, 2016
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Air carriers to impose fuel surcharges based on distance
Korean air carriers are set to impose fuel surcharges on international flight services based on distance traveled starting May 1.The Ministry of Land, Infrastructure and Transport said Wednesday that it has approved plans submitted by six air carriers here to shift their current method of calculating fuel surcharge rates based on regions. Currently, air carriers impose fuel surcharges based on regional charts. For instance, passengers traveling to cities in Europe and Africa get the same amount
March 9, 2016
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Green Cross signs $32m flu vaccine export deal
Green Cross, a South Korean biopharmaceutical company, said Wednesday that it has secured a $32 million deal to supply its flu vaccines to the Pan American Health Organization, a regional office under the World Health Organization. The deal marks the largest single flu vaccine export deal secured by Green Cross since the company started to export its own flu vaccine products in 2009. With the new deal, vaccine exports by Green Cross will surpass the $150 million mark, placing the company on the
March 9, 2016
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KT&G opens Sangsang stage at Myongi Hospital
KT&G, Korea’s largest tobacco manufacturer, has opened a cultural facility at Myongi Hospital in Goyang, Gyeonggi Province, as part of its social contribution project, according to officials on Wednesday.The company has donated 150 million won ($124,000) for the hospital to hold musical performances for patients and their families. Kim Jin-han (fourth from left), head of the social contribution office at KT&G, and Kim Hyoung-soo (sixth from left), superintendent of Myongji Hospital, at the ribb
March 9, 2016
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KT&G opens Sangsang stage at Myongji Hospital
KT&G, Korea’s largest tobacco manufacturer, has opened a cultural facility at Myongji Hospital in Goyang, Gyeonggi Province, as part of its social contribution project, according to officials on Wednesday. Kim Jin-han (fourth from left), head of the social contribution office at KT&G, and Kim Hyoung-soo (sixth from left), superintendent of Myongji Hospital, at the ribbon-cutting ceremony for the Sangsang Stage at the hospital on Wednesday. (KT&G)The company has donated 150 million won ($124,000)
March 9, 2016