Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
Samsung chip business back on track, logs W1.9tr operating profit in Q1
-
4
[Music in drama] Rekindle a love that slipped through your fingers
-
5
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
6
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
7
On May Day, labor unions blast Yoon's foreign nanny proposal
-
8
Seoul Metro to seek legal action against malicious complaints
-
9
[KH Explains] Will alternative trading platform shake up Korean stock market?
-
10
Illit, mired in controversy, remains on Billboard charts for 5th week
-
[Herald Interview] LOT Polish Airlines aims to bridge Korea, central Europe
Poland‘s flagship carrier celebrated the one-year anniversary of its Incheon-Warsaw direct route Thursday, with hopes to further increase the frequency of the flight and promote Central European destinations in the Korean market.“It is a very important route, not only from the tourist perspective but also because it provides business connectivity,” said LOT’s chief executive Rafal Milczarski during an interview with The Korea Herald. The Incheon-Warsaw flights serviced by LOT began on Oct. 18 la
IndustryOct. 22, 2017
-
Cosmetics experts to discuss convergence, creativity at IFSCC forum
Cosmetics researchers from all over the world will gather in Seoul to discuss convergence and creativity in cosmetic science starting Monday.The 24th Conference of the International Federation of Societies of Cosmetic Chemists is set to take place from Monday to Wednesday at the Grand InterContinental Seoul Parnas under the theme of “Cosmetic Science: Beauty, Convergence and Creativity.”This is the second time that the conference, which began in 1960, will take place in Seoul.Researchers study c
IndustryOct. 22, 2017
-
[Photo News] KT, WEF to leverage ICT for infectious disease control
ICT IN DISEASE CONTROL -- South Korean mobile carrier KT said Sunday that it has partnered with the World Economic Forum to leverage its internet and communication technologies to help the WEF’s project to fight the global spread of infectious diseases. World Economic Forum’s Executive Chairman Klaus Schwab (second from left) and KT Chairman Hwang Chang-gyu (second from right) shake hands after signing the partnership agreement at the WEF headquarters in Geneva on Friday. (KT)
TechnologyOct. 22, 2017
-
Solar energy can better create jobs than atomic, coal-fired thermal power: KIET
Solar power can create more jobs than atomic and coal-fired energy generation, a state-run think tank said Sunday.In a report on solar power job creation in the fourth industrial revolution era, the Korea Institute for Industrial Economics and Trade said that while nuclear and conventional thermal power plants do not necessary lead to a meaningful rise in hiring, just $1 million invested in solar energy may lead to the creation of 15.7 new positions.It said the difference is due to the relativel
IndustryOct. 22, 2017
-
Stock rally adds more to stock-rich list: data
The number of stock-rich persons with their stock holdings valued at 1 trillion won ($883 million) or more rose to the highest ever as the local stock market continued to renew its all-time highs on the back of sound corporate earnings and ample liquidity, industry data showed Sunday.According to industry tracker Chaebul.com, the number of persons with 1 trillion won or more worth of stocks stood at 27, up five from 22 at the end of last year.The country's benchmark index, the KOSPI, closed at a
MarketOct. 22, 2017
-
Seoul to take fresh measures to curb household debt
South Korea is set to unveil another set of measures this week, the third of its kind, aimed at curbing rising household debts amid expectations that the central bank would raise its key rate in the coming months, industry sources said Sunday.The measures, due Tuesday, come as a rise in housing prices still does not show signs of abating despite a series of measures, including heightened financial regulations.Over the past few years, housing prices in South Korea have continued to rise on the ba
EconomyOct. 22, 2017
-
Govt. buys 370,000 tons of rice to stabilize market price
The government has started to buy up 370,000 tons of rice harvested this year to stabilize domestic prices of the staple grain, the agriculture ministry said Sunday.It said regional governments have been notified of Seoul's plans to "isolate" rice this year and details related to the purchase.Besides the rice to be bought from growers for the purpose of keeping market prices at certain levels, the Ministry of Agriculture, Food and Rural Affairs said it will set aside another 350,000 to
EconomyOct. 22, 2017
-
Govt. sets up committee to review policy goals
The government said Sunday it will set up a committee comprised of experts to review President Moon Jae-in's industrial technology-related state affairs and policy goals.Earlier, the Moon administration announced that finding new growth engines through the so-called fourth industrial revolution for the South Korean economy is one of its key policy objectives. Moon said the revolution will help create more jobs, develop cutting-edge technologies and eventually serve as a catalyst for the economy.
EconomyOct. 22, 2017
-
Sales of luxury cars in Korea exceed those of richer countries: data
Sales of luxury cars in South Korea exceed those of richer countries, industry data showed Sunday.Numbers provided by foreign carmakers and the Korea Automobile Importers and Distributors Association showed South Koreans bought more new BMW 5-series and Mercedes-Benz E-class cars than Germans and neighbors in Japan from late last year to early 2017.Data also showed demand for top-of-the-line Mercedes-Benz S-class and those made by Rolls-Royce with price tags in the hundreds of millions of won ra
MobilityOct. 22, 2017
-
Korea's 5G market to reach W35tr in 2025
The market of fifth-generation network services in South Korea will reach some 35 trillion won ($31 billion) in 2025, as the faster network technology is anticipated to be used in many areas from mobile phone networks to smart homes and connected cars, industry data showed Sunday.According to the data compiled by Digieco, a research center run by South Korea's mobile carrier KT Corp., the country's 5G network technology market is expected to hit 3.1 trillion won in 2020 but swell to 34.7 trillio
TechnologyOct. 22, 2017
-
Bourse operator to decide on Daewoo Shipuilding stock trading this week
South Korea's bourse operator is set to decide this week on whether to allow the resumption of trading of Daewoo Shipbuilding & Marine Engineering Co. on the local stock market, industry sources said Sunday.The trading of Daewoo Shipbuilding stocks have been halted since July last year, due to its impaired capital base, and the shipyard was given a one-year rehabilitation period to improve its financial status for the resumption of stock trading.According to the sources, the Korea Exchange w
MarketOct. 22, 2017
-
Income gap growing among professional jobs
Professionals in jobs that traditionally enjoyed high pay like lawyers and accountants earned an average of 230.8 million won ($203,796) per individual last year but close to 15 percent of the people in these professions made less than one-tenth of the amount, data showed Sunday.Records provided by the National Tax Service for parliamentary audits said 35,108 people were registered to be in private practice as lawyers, accountants, customs agents, certified architects, appraisers, patent attorne
EconomyOct. 22, 2017
-
Korea ranks 11th worldwide in market cap
The combined market capitalization of South Korean firms listed on the main and secondary bourse ranks 11th among global peers, claiming 1.77 percent of the total, on the back of a rise in market heavyweights, such as Samsung Electronics, data showed Sunday.The combined market cap of the world's stock markets reached a record high of $88.59 trillion as of Thursday, increasing 35 percent from a year ago, as optimism over a global economic recovery fueled a rally in advanced and emerging stock mar
MarketOct. 22, 2017
-
Foreign investment fund net assets top W120.2tr: data
The net value of foreign investment fund assets held by South Koreans exceeded 120.2 trillion won ($105.9 billion), a local capital market association said Sunday.According to data by the Korea Financial Investment Association, foreign investment funds assets, including private equity funds, was up a sharp 10 trillion won as of Tuesday, compared with three months earlier. The numbers also represent a surge from just 51.3 trillion won tallied in late 2012. The findings showed numbers began rising
MarketOct. 22, 2017
-
Culture-related exports log double-digit growth this year
South Korea's exports of culture content and leisure service-related goods posted double-digit growth in the first seven months of the year on the back of the popularity of K-pop, government data showed Sunday.According to the data compiled by the Ministry of Culture, Sports and Tourism, exports of the country's key 11 culture-related goods reached $1.55 billion in the January-July period, up 23.5 percent from a year earlier. (Yonhap)In contrast, the country's imports of culture content, such as
IndustryOct. 22, 2017
-
Issuance of gift certificates accounts for more than half of central bank's printed money in 2016
The total value of gift certificates issued in South Korea last year accounted for more than 50 percent of the country's money printed by the central bank, a report showed Sunday.Some 11.3 trillion won ($10 billion) worth of gift vouchers, mobile coupon and revenue stamps were issued in 2016, according to a report by Rep. Shim Ki-joon of the ruling Minjoo Party. This is equivalent to 56.2 percent of 20.2 trillion won worth of money printed by the Bank of Korea in the same one-year period. The re
EconomyOct. 22, 2017
-
Shares of Samsung Electronics held by chairman's family rise this year
Shares of Samsung Electronics Co. held by the chairman's family rose 1.55 percentage points this year, mainly due to the cancellation of treasury shares, official data showed Sunday.Data by the Financial Supervisory Service and the tech giant showed that shares held by chairman Lee Kun-hee, his heir apparent Lee Jae-yong and "specially related people" accounted for 20 percent of all ordinary shares issued by the world's leading smartphone and computer chip producer.The chairman, who re
MarketOct. 22, 2017
-
Consumer orientation highest in cosmetics, lowest in auto repairs: data
The cosmetic sector turned out to be the most consumer-oriented in the goods and services market, while the automobile repairs sector was the most detached from customer feedback, data showed Friday.According to a survey conducted by the Korea Consumer Agency, the cosmetic sector scored 80.3 in the consumer market evaluation index, while the car repairs sector stood at 75.9. The market average for 47 individual sectors was 78.1, up 1.3 points from 2015.Also, the average for products sectors was
IndustryOct. 20, 2017
-
FTC to control chaebol's brand commission fees
Stepping up measures to reform corporate governance and alleviate market monopoly, the Fair Trade Commission is moving to tighten its grip over the brand commission which conglomerates collect from their affiliates.Such a gesture was largely seen as an initiative of the FTC Chairman Kim Sang-jo, dubbed the “chaebol sniper” for his longtime activist stance against the country’s conglomerate-centered economy. Fair Trade Commission Chairman Kim Sang-jo speaks during a parliamentary audit at the Nat
IndustryOct. 20, 2017
-
P&G signs on with PyeongChang Olympics
Procter & Gamble Korea has signed an agreement with the PyeongChang Organizing Committee to join efforts to promote the Winter Games such as by holding a nationwide cheering campaign, the company said Friday. P&G Korea General Manager Kim Joo-youn (left) and PyeongChang Organizing Committee President and CEO Lee Hee-beom (right) pose for a photo with models to mark their joint campaign launch. (P&G)Under the name “Reply 50 million,” referring to the South Korean population, the company will work
IndustryOct. 20, 2017