Lutronic faces lawsuit in US for alleged trade secrets theft

The US subsidiary of South Korea’s Lutronic is facing a lawsuit for allegedly misappropriating trade secrets through former employees of Cutera it hired recently, according to documents reviewed by The Korea Herald. 　Aesthetic laser equipment maker Cutera -- listed on Nasdaq -- claimed that forensic research results showed that Lutronic Aesthetic had poached 13 employees, encouraging them to steal trade secrets and destroy evidence until February. In return, they were rewarded with stock

‘Health functional foods’ see boom in wake of virus outbreak

For Hwangbo Kyung-sun, a 29-year-old office worker in Seoul, it has become a routine to take omega-3 supplements and krill oil pills along with bringing a face mask and hand sanitizer to protect herself against the fast-spreading COVID-19. 　“It is basically the most I can do to not get infected from the coronavirus,” Hwangbo told The Korea Herald. 　Like Hwangbo, more people in South Korea are buying health functional foods, also known as nutraceuticals, which are not pharmaceutic

KCGI woos Delta Air Lines for Hanjin control

A coalition led by South Korea’s activist private equity fund Korea Corporate Governance Improvement called Delta Air Lines a “partner” in its pursuit for a control over Hanjin Group and its crown jewel Korean Air in a note March 2. 　This reflects KCGI’s drastic turn from the previous week when the activist investor questioned Delta’s increase in Hanjin KAL stake -- to 11 percent in February -- as the family-controlled Hanjin Group had entered into a proxy battle t

Kospi recovers 2,000-mark over Fed rate cut remark

　Korea’s benchmark Kospi rose less than 1 percent, barely recovering past the 2,000 mark after crashing in the previous session Monday over expectations on an interest rate cut in the US. The local currency closed at 1,193.7 won against the US dollar, strengthening 20 won from the previous session’s close. 　The benchmark bourse Kospi opened slightly high at 1,997.03 -- rising 10.02 points, or 0.5 percent, from the previous session. The index dipped below 1,980 points in the early mo

Doctors face test of endurance in Daegu

‘Government measures should better reflect voices of health workers on front line’

National Library of Korea expands space for digital content creators

When National Library of Korea Chief Executive Suh Hye-ran, 65, took office in August, one of the first things she did was expand the media center for digital content creators. “We used to have three booths for creating media content. Now we have more than 10,” Suh said during a recent interview with The Korea Herald at the National Library of Korea in Seoul. “We also created a Maker Space at the National Library for Children and Young Adults,” Suh added. Maker Space

SKT aims to take lead in AR/VR service

South Korea’s top mobile carrier SK Telecom is betting on high-end virtual and augmented reality technologies to increase its foothold, despite the complexity. Backed by many years of sturdy investments and its 5G mobile network, SKT has been releasing pilot VR/AR services -- promoted in the form of virtual zoo, for instance -- with the aim of eventually creating a whole new experience for customers. Behind its initiatives in the newly emerging market is Jeon Jin-soo, vice president a

Philip Morris Korea reworks HR management for all stages of employment

A corporate culture centered on employees is often misunderstood here. It is mistakenly considered the opposite of a profit-centered culture and is used to describe companies providing generous welfare and compensation to employees. However, PMK goes beyond that, said Upadhyay in an interview with The Korea Herald. The company ensures staff go through a better employee experience throughout the employment cycle, starting from the job-seeking stage to leaving the company. Upadhyay, who has w

‘Health functional foods’ see boom in wake of virus outbreak

Balanced diet, lifestyle key to maintaining good health and strong immunity, say doctors

BOK weighed by US rate cut, raising growth pessimism

Critics blame central bank for ‘complacent’ approach to coronavirus crisis

South Korea’s population dips by 6,800 in 3 months

Daegu has sharpest fall in number of residents in February

Shincheonji head’s political fashion provokes controversy

Leader of cult linked to over 2,400 cases dons ‘Park Geun-hye watch’