SPOTLIGHT

• Industry

  

  Multinational firms accused of ‘gapjil’

  Moves for stricter regulations on global firms like Google, Apple gain traction, while critics caution violating free market economy

• Film

  

  Kim Joo-hyuk’s energetic performance to be a factor in ‘Believer’

  It has been half a year since Kim Joo-hyuk passed away in a car crash, but the Korean actor’s character acting has left a lasting impression via his filmography.“Believer,” directed by Lee Hae-young, is a crime action film that will give the audience one of the last -- and supposedly the most impressive -- glimpse of his talents.“He is the most heated character, and it is impossible to know what his boiling point is. He makes the others nervous as he is impossible to predict,” said director Lee

• Food

  

  Bistro uses fermented ingredients to craft borderless eats

  Experimenting with rice straw and fermented salt at Ferment B

• Industry

  

  Celltrion’s Rituxan biosimilar approved for sale in Australia

  South Korean biopharma company Celltrion announced Friday that Truxima, its biosimilar drug referencing Roche’s Rituxan, has been granted marketing approval by Australia’s drug regulator.　Australia’s Therapeutic Goods Administration accepted Celltrion’s biologics license application to sell Truxima, approved for the treatment of conditions including rheumatoid arthritis and non-Hodgkin’s lymphoma, a rare form of cancer, according to Celltrion. Truxima (Celltrion)Biosimilars refer to cheaper, nea

LATEST NEWS

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  North Korea

  Seoul welcomes North’s decision to freeze nuke tests

  South Korea on Saturday welcomed North Korea’s decision to suspend nuclear and missile tests and shut down a nuclear test site, hailing it as a “meaningful progress.” “North Korea’s decision is a meaningful progress for the denuclearization of the Korean Peninsula the world has hoped for,” the presidential office said in a statement. “It will create a very positive environment for the success of the upcoming inter-Korean and North-US summits.”  (Herad DB)North Korea announced that it will stop n

• 

  North Korea

  NK announces freeze on nuclear, missile tests

  North Korean leader Kim Jong-un has announced that the country will suspend nuclear and missile tests and shut down a nuclear test site in the northern area, state media said Saturday."From April 21, North Korea will stop nuclear tests and launches of intercontinental ballistic missiles," the Korean Central News Agency said."The North will shut down a nuclear test site in the country's northern side to prove the vow to suspend nuclear test," it added. North Korean leader Kim Jong-un is seen spea

• 

  Politics

  Park Won-soon wins party candidacy to rerun for Seoul mayor

  The ruling Democratic Party of Korea on Friday confirmed incumbent Park Won-soon as the candidate for the mayor of Seoul for the June local elections. Park Won-soon (Yonhap)Last month, Park had officially announced his candidacy for a third term Thursday. He beat against four-term lawmaker Park Young-sun and three-term lawmaker Woo Sang-ho for the party’s nomination.Park will be running against former presidential hopeful Ahn Cheol-soo of the minor Bareunmirae Party and former Gyeonggi Province

• 

  Industry

  South Korea's antitrust chief says expects change in Samsung governance 'in near future'

  SEOUL -- South Korea’s antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country’s powerful family-controlled conglomerates, or chaebols. Chaebol families have come under increased scrutiny since the arrest last year of Samsung Group heir Jay Y. Lee, who denies wrongdoing, on charges of bribery and embezzlement.  Employees walks in the building of Samsung Electronics in Seoul, Sou

• 

  Defense

  Military hopes for summit breakthrough in easing border tension

  South Korea's military said Friday the inter-Korean summit talks next week may lead the two Koreas to let their guards down along the heavily fortified border.The South's President Moon Jae-in is scheduled to meet with his North Korean counterpart, Kim Jong-un, at the border village of Panmunjom inside the demilitarized zone on April 27. Among key agenda items are denuclearization and ways to reduce military tensions. (Yonhap)Some have floated the idea of the two sides withdrawing heavy weapons

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  Soccer

  S. Korea fall 4-1 to Mexico at U-19 football tournament

  South Korea's under-19 national football team lost 4-1 to Mexico in an international tournament at home on Friday.South Korea's second match at the 2018 Suwon JS Cup ended in defeat after they went down to 10 players at Suwon World Cup Stadium in Suwon, Gyeonggi Province. U-19 football tournament (Yonhap)The JS Cup is an international men's U-19 football tournament that features four nations. This year's competition pits South Korea against Morocco, Mexico and Vietnam. This invitational tourname

• 

  Industry

  GM Korea to hold board meeting court protection after talks breakdown with union

  GM Korea Co., the South Korean unit of General Motors Co., said it will hold a board meeting on Friday to make a decision on whether to file for court receivership, as talks with labor union made no headway.In their latest negotiations held earlier in the day, the company conceded that no agreement was reached with its union on GM's self-rescue package for its cash strapped local operations. (Yonhap)The union confirmed talks have "gone nowhere," as workers cannot accept the self-rescue plan, whi

• 

  Film

  Things to look out for in ‘Avengers: Infinity War’

  Ever since “Iron Man” in 2008 launched the grand adventure that is the Marvel Cinematic Universe, the movie franchise has galloped toward the final show-down between the MCU’s biggest superheroes and the “Mad Titan Thanos.”With the “Avengers: Infinity War” expected to be the culmination of 10 years, 18 movies and numerous tie-in TV products, here are some of the tidbits to consider before viewing the film.(Walt Disneay Company Korea)Who is Thanos? Supervillian Thanos is easily one of the stronge

• 

  North Korea

  Koreas open hotline between leaders

  A direct telephone line between the leaders of South and North Koreas on Friday ahead of their summit a week later.One end of the hotline is Cheong Wa Dae, and the other end will be at Pyongyang’s State Affairs Commission, of which North Korean leader Kim Jong-un is the chairman.Working-level officials were to make a test call on Friday, a Cheong Wa Dae official told reporters.President Moon Jae-in and North Korean leader Kim are expected to have their first telephone conversation via the hotlin

• 

  Culture

  Back to the Joseon era

  While time machines are the stuff of movies and fairy tales, it is possible to get a taste of what life was like in the Joseon era (1392-1910) at the Korean Folk Village in Yongin, Gyeonggi Province, this spring.The living history museum is holding the “Welcome to Joseon” festival until June 24, under the pitch “Would you time travel to Joseon Dynasty with us?” vThe Korean Folk Village, which was once most commonly associated with school field trips, found a new lease of life in 2013 when it sta

GRAPHIC NEWS

OPINION

• Columnists

  

  Mexico didn’t hit the NAFTA jackpot

  Since 1993, the year before the North American Free Trade Agreement went into effect, per capita gross domestic product in Mexico is up about 26 percent in real terms. That’s a lot better than the outright decline in per capita GDP that the country had experienced over the course of the 1980s. But it’s nowhere close to the 41 percent gains in real GDP per capita experienced by Canada and the US, the other signatories of Nafta, not to mention China, where GDP per capita is up more than 600 percen

• Columnists

  

  Why China won’t yield to Trump

  Last month, US President Donald Trump enacted steel and aluminum tariffs aimed squarely at China. On April 2, China retaliated with tariffs on 128 American products. Trump then announced 25 percent tariffs on another 1,300 Chinese products, representing some $50 billion of exports. In response, China threatened 25 percent tariffs on 106 US exports (including soybeans, cars, and airplanes), to go into effect whenever the US tariffs do.Yes, if these measures go into effect, it will amount to a tra

THE INVESTOR

• Industrials

  

  How Korean Air's Cho family smuggled their stuff: sources

  As Korean Air heiress Cho Hyun-min is facing a public backlash for the so-called “water rage” incident, fresh allegations cropped up on April 20 that the family used to frequently smuggle personal goods into the country.According to sources, the family members abused their status as an airliner operator to smuggle in all kinds of goods including clothes in bulk and furniture. They were brought in under the code name “KIP,” which is short for Korean Air VIP. “The goods were brought

• Industrials

  

  Past comes back to haunt Korean Air’s Cho family

  As public backlash builds over the misconduct of Korean Air's Cho, some of their past deeds are coming back to haunt them. News reports are now shedding light on events dating back to 2015 when the Fair Trade Commission zeroed in on Hanjin Group’s affiliate Cyber Sky for being too reliant on inter-subsidiary sales. The government steps in when more than 80 percent of a conglomerate unit’s sales come from other affiliates. Cyber Sky's shares -- all non-listed -- were consecutively

• Industrials

  

  Police raid Korean Air

  Police raided the headquarters of Korean Air on April 19 as part of a probe into allegations that its senior executive Cho Hyun-min assaulted an advertising company official at a business meeting. Six officials from the Seoul Gangseo Police Station searched the main office of Korea’s flagship airline to secure evidence. The authorities also impounded the two smartphones used by Cho and two others belonging to other Korean Air executives who were at the meeting.RELATED:Cho Hyun-min

• Mobile & Internet

  

  Renegotiating Toshiba deal not an option: SK Group chairman

  SK Group Chairman Chey Tae-won has confirmed that renegotiating the delayed acquisition of Toshiba’s memory chip unit is not an option, saying that he expects the deal to gather momentum soon.“SK is not considering renegotiating the deal,” the chairman told reporters at a conference on April 19 in Seoul. “(The issue of the delayed Toshiba deal) will soon be addressed.”Joining a group of global investment and technology companies including Bain Capital, Apple and Dell, SK Group par

K-POP HERALD

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  Luna to release new single

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  iKON drops video for upcoming show

• 

  Lee Ha-nee wears jeans like no other

HERALD INTERVIEW

• Industry

  

  Kayak targets Korea’s travel market with one-stop solution

• Music

  

  Woogie sets new trend by going off-trend

• Culture

  

  A transformation from model to shaman

• Finance

  

  Banksalad relieves financial information overload

PHOTO NEWS

• Culture

  

  Back to the Joseon era

  While time machines are the stuff of movies and fairy tales, it is possible to get a taste of what life was like in the Joseon era (1392-1910) at the Korean Folk Village in Yongin, Gyeonggi Province, this spring.The living history museum is holding the “Welcome to Joseon” festival until June 24, under the pitch “Would you time travel to Joseon Dynasty with us?” vThe Korean Folk Village, which was once most commonly associated with school field trips, found a new lease of life in 2013 when it sta

VIDEO

• Food

  

  Diversity of Korean seaweed rice roll ‘gimbap’

• Culture

  

  Barbershop offers a cultural space for gentlemen

• Fashion

  

  77 student models strut down catwalk ‘cherry blossom way’

• Travel

  

  Tour service to link Korean ‘oppa’ with foreign visitors

FEATURES

• Health

  

  Smoking cafes no longer oasis for ostracized smokers

  Local coffee shops to enforce smoking ban with upcoming revision to smoking law in Korea

• Industry

  

  Competition heats up in growth of health, beauty stores

  When South Korean versions of drugstores were first introduced here in the 2000s, it took time for people locally to grasp what they actually were.They sold makeup, over-the-counter medicine and even snacks, a product lineup that at first seemed random, with items people were used to buying separately in specialty stores -- pharmacies, department stores and convenience stores.It took little time for the concept of health and beauty stores, or H&B, to become common among consumers here, boosted b

• Automode

  

  Hyundai overtakes BMW in Europe, Kia sales also grow

  The number of cars South Korean auto giants Hyundai and Kia sold in Europe grew last month despite declining auto sales in the region, data showed Thursday.According to the European Automobile Manufacturers Association, the number of newly registered cars in March fell 5.3 percent on-year, falling for the first time since 2014. Hyundai Motor, meanwhile, sold a total of 60,663 units, a 3.6 percent increase from the same month last year. Its sister company Kia Motors sold 56,725 units, a 4.8 perce

• Technology

  

  Raonsecure aims for US operation momentum with RSA presentation

  Raonsecure, a biometric technology solution provider to financial firms in South Korea, offered a theater presentation at RSA Conference 2018 in San Francisco, California, highlighting the “momentum for overseas business in America,” the company said Thursday. Raonsecure‘s presentation was made on Wednesday along with some 30 companies at the conference. Raonsecure was the only Korean company to be invited by US company Intel to give presentation.  (Raonsecure)The 30-minute session involved an o