Most Popular
-
1
Tensions heighten ahead of first president-opposition chief meeting
-
2
Seoul to provide housing subsidy to married couples with newborns
-
3
[KH Explains] No more 'Michael' at Kakao Games
-
4
Rapper jailed after public street fight with another rapper
-
5
Woman gets suspended term for injuring boyfriend with knife
-
6
Samsung chief bolsters ties with Germany’s Zeiss
-
7
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
8
Med schools expect 1,500+ new admission slots next year
-
9
Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
-
10
KT launches new mobile plans for foreign residents
-
E-commerce seeks better profits with mobile shopping
E-commerce firms are seeking strategies such as linking up with artificial intelligence and exclusive products to increase profitability, as consumers continue to shift their shopping tendencies to mobile platforms. According to numbers from Statistics Korea, in July mobile shopping transactions reached over 4 trillion won ($3.53 billion) for the first time, rising 35.1 percent on-year. Mobile shopping made up 62 percent of all online shopping.The rise in sales transactions has not been accompan
IndustrySept. 10, 2017
-
Samsung Electronics' earnings may beat market expectations in Q3: observers
Samsung Electronics Co., the world's largest producer of memory chips and smartphones, may beat market expectations and post earnings growth in the third quarter despite earlier predictions of adjustments, market watchers said Sunday.Forecasts for a leveling off are centered on expectations that prices of both liquid-crystal displays and organic light-emitting diodes will fall due to current market conditions. Observers had said Samsung could experience almost no growth because its second quarte
TechnologySept. 10, 2017
-
Shipyards lose nearly quarter of employment insurance policy holders in August: data
The number of workers covered by employment insurance declined sharply in the shipbuilding industry last month from a year earlier, government data showed Sunday, as yards undertake massive restructuring in the face of sluggish business conditions.South Korea's top three shipyards suffered a combined operating loss of 8.5 trillion won ($7.5 billion) in 2015 due largely to increased costs stemming from a delay in the construction of offshore facilities and an industrywide slump.South Korea, howev
IndustrySept. 10, 2017
-
[Power Korea] MBG Group jumps into nickel development in Indonesia
Amid growing demand for electric vehicles globally, Korean bio firm MBG Group has jumped into the race to explore nickel, a key chemical element of EV batteries, in Indonesia which is rich in the resource. MBG Group was established in 2009 as a startup within the nation’s top-notch science college, Korea Advanced Institute of Science & Technology. It has since developed five medical devices that received first grade from the US Food and Drug Administration alongside 20 general medicine and medic
IndustrySept. 10, 2017
-
[Kosdaq Star] Minwise’s foray into fintech buoys foreigner appetite
This is the 41st in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- EdThe blockbuster debut in July of Kakao Bank, an online-only bank launched by messaging app giant Kakao, has driven a surprising stock race among fintech companies listed on the nation’s stock market. And Minwise, a digital security service provider based in Seoul, has been one of a few beneficiaries. More than two years after going public on South Korea’s secondary bourse
MarketSept. 10, 2017
-
LG seeks edge in smartphone market with price competitiveness
LG has reportedly decided to take a different path with its latest smartphone in the hope of gaining an edge in price competitiveness, amid heated competition in the industry with Samsung and Apple unveiling their latest products. According to sources in the telecom industry, LG Electronics will offer its latest V30 smartphone for under 1 million won ($882.6). The 64-gigabyte model will cost 949,300 won, while the 128-GB model will be priced at 998,800 won. It had been expected that the V30 woul
TechnologySept. 10, 2017
-
Asian trade ministers to meet in Korea in Oct. for regional FTA
INCHEON -- Trade ministers of 16 regional countries, including India and China, will meet in South Korea next month to discuss a regional mega free trade agreement, the Incheon Metropolitan City said Sunday. The Regional Comprehensive Economic Partnership is a proposed open trade pact between 10 member states of the Association of Southeast Asian Nations and six other countries with which ASEAN has free trade deals with.If the 16 countries agree to launch the regional FTA, it will form a huge ec
EconomySept. 10, 2017
-
[Ask a Lawyer] Why multinational firms should learn BEPS project
Ask a Lawyer is a regular column written by attorneys at Yoon & Yang LLC on various legal aspects of the Korean life or business. The content provided here is general legal information, not legal advice on a specific situation. -- Ed.Q. As a management at the multinational enterprise in Korea, I have frequently come across the new term, “Base Erosion and Profit Sharing (BEPS)” project in newspapers. What should I prepare for this?A. The most discussed international taxation issue of late is legi
IndustrySept. 10, 2017
-
SK Innovation launches 3rd Big Picture of Innovation campaign
SK Innovation has introduced the third version of its Big Picture of Innovation campaign, it said Friday.Big Picture of Innovation is SK Innovation’s public relations campaign that comes in a series of visual artworks that are featured by renowned artists and new art techniques. SK Innovation’s latest campaign features cymatics, the art of visualizing audio frequencies of music. Local performance group Silo Lab carried out the artwork, the company said. This is the first time for a Korean compan
IndustrySept. 10, 2017
-
First US FDA approval of CAR-T therapy hikes expectations for Korean biotech ventures
The US Food and Drug Administration’s first approval of a CAR-T cell therapy is raising market expectations for South Korean biotech ventures that are currently working to develop similar cellular immunotherapy drugs for cancer. On Aug. 30, the US drug regulator approved Novartis’ Kymriah, a CAR-T cell therapy that genetically alters a patient’s own immune cells into a “living drug” that is trained to recognize and attack cancer cells in the blood.It is the first CAR-T -- short for chimeric anti
TechnologySept. 10, 2017
-
[Health-tech Korea] Keeping one's heartbeat on a finger
The Korea Herald is publishing a series of articles highlighting South Korea’s promising startups in the emerging sectors of digital health care and next-generation medical devices. This is the 12th installment. - Ed.One of the most common yet underdiagnosed diseases affecting older adults is atrial fibrillation -- an irregular heart rhythm that can cause blood clots, leading to potentially fatal complications including heart failure or a stroke.Some 150 million people worldwide are said to be s
TechnologySept. 10, 2017
-
New Incheon airport terminal to open in January
The second passenger terminal at Incheon International Airport will open in January next year, as it has been systematically integrated with the existing terminal, the country's largest air terminal operator said Sunday. The integrated information system that connects the two terminals was completed Thursday, according to the Incheon International Airport Corp. This file photo, taken Aug. 21, 2017, shows the new second passenger terminal at Incheon International Airport in Yeongjongdo, west of
IndustrySept. 10, 2017
-
Samsung releases 5-door fridge with easier access to on-the-go items
Samsung Electronics Co. said Sunday it has introduced a five-door refrigerator that provides easy access to on-the-go items.The H9000 fridge, updated from the more conventional two-door refrigerator, allows users instant access to drinks and condiments while letting them store large and fresh food items in an inner space, Samsung said on its website. (Yonhap)"Perfect for frequently used items, this refrigerator lets you easily organize your food by type or family member," it said.The new fridge
TechnologySept. 10, 2017
-
Size of Korea‘s restaurant industry hits W192tr: data
The size of South Korea's restaurant industry stood at 192 trillion won ($16.9 billion) as of 2015, official data showed Sunday.According to the latest findings by the Ministry of Agriculture, Food and Rural Affairs, the local market was comprised of a 82 trillion-won food processing sector and a 108 trillion-won eatery business, with some 660,000 restaurants and eateries in the country. The numbers are a gain of 0.9 percent from the year before.The figures translate into one eatery for every 78
IndustrySept. 10, 2017
-
Samsung says Galaxy Note 8 preorders setting new records in US
Samsung Electronics Co. said Sunday that preorders for its Galaxy Note 8 are setting new records in the United States.The world's largest manufacturer of smartphones said orders received since Aug. 24 are the highest tallied to date for its premium phablet Note line.The company did not disclose exact numbers citing policy but said it was buoyed by the consumer response after the debacle of the previous year's Note 7 that was taken off the shelves completely after some caught fire while being rec
TechnologySept. 10, 2017
-
Money lenders asked to cut TV ads by 30% to curb speed loans
South Korea's financial regulator said Sunday it has asked private money lenders to voluntarily cut their combined volume of television ads by 30 percent during the second-half of this year. The tightened regulation is part of the Financial Services Commission's plan to curb speed loans at a time when the government is trying to tackle the rise in heavy debtors. In a statement, the regulator said it asked money lenders to show clearer warnings on potential defaults in their TV commercials. The F
MarketSept. 10, 2017
-
Hotel Lotte opens 8th overseas location in Yangon
Hotel Lotte Co., the operator of South Korea's biggest hotel chain, has opened a hotel in Yangon, Myanmar, as part of its gradual expansion strategy, the company said Sunday. On Friday, Lotte Hotel Yangon began operations in the largest city in the Southeast Asian country as the Korean company's eighth overseas location, Hotel Lotte said in a statement. Lotte Hotel Yangon, seen here, is Hotel Lotte Co.`s eighth overseas location. (Yonhap)Lotte has expanded its hotel chain overseas as part of ef
IndustrySept. 10, 2017
-
Korea's agricultural exports drop amid THAAD row
Exports of South Korea's agricultural goods to China fell this year as diplomatic rows with its biggest trading partner deepen, a local agricultural agency said Sunday. The value of agricultural exports fell to $860 million in the January-August period from $920 million a year earlier. Exports to China accounted for 14.4 percent of all outbound shipments from 16.6 percent during the same period, according to the Korea Agro-Fisheries & Food Trade Corp.The slump came as Chinese consumers opted
EconomySept. 10, 2017
-
Hyundai set to miss 2017 sales target amid THAAD woes
Hyundai Motor Co. and its sister company Kia Motors Corp. are set to miss this year's sales target as diplomatic rows with China deepen, company officials said Sunday. In the January-July period, Hyundai Motor and Kia Motors, two key affiliates of South Korea's Hyundai Motor Group, posted a 46 percent on-year slump in sale with total being bought by customers in China standing at 500,964 vehicles from 919,380 units a year earlier. The slump came as Chinese consumers opted to buy fewer South Kore
MobilitySept. 10, 2017
-
UberEATS finds big potential in Korea food delivery market
UberEATS, a food delivery service app run by ride-sharing pioneer Uber Technologies Inc., finds big growth potential in South Korea's food delivery market due to its advanced wireless networks and growing orders on mobile phones, a senior company executive said.The US-based business launched its UberEATS service in Seoul a month ago, bringing the service to 112 cities across 28 countries, where it has 60,000 restaurant partners. "Seoul is a perfect place for UberEATS. We find South Korea's fast
TechnologySept. 10, 2017