Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Seoul Metro to seek legal action against malicious complaints
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Golden chance to liquidate babies’ gold rings?
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Incheon Airport tops service quality for 9th year
Incheon International Airport, South Korea’s main transportation hub, on Tuesday won the 2014 Airport Service Quality Awards of Airport Council International, one of the industry’s top honors, for the ninth consecutive year. The award ceremony was held in Seoul on the sidelines of the ACI General Assembly that kicked off on Monday. This marked the first time the annual event was hosted by Korea. Incheon Airport earned the highest score in service quality based on a global survey of some 350,000
IndustryMay 27, 2014
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LIG Nex1 to show advanced robots
LIG Nex1, a South Korean defense company, said Tuesday that it would showcase a variety of defense products ranging from robots to military products during an exhibition at KINTEX from June 1 to 4 in Ilsan, Gyeonggi Province.It will introduce the company’s mobile bird deterrent robots, better known as “the bird strike,” which are used at civilian and military airports to prevent birds from colliding with airplanes.Also, the company will feature electronic full-body wearables allowing soldiers to
TechnologyMay 27, 2014
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Korea, UAE likely to ink deal on operation of UAE reactors: minister
The United Arab Emirates and South Korea have agreed in principle to sign a lucrative contract for the operation of four South Korean-built nuclear reactors in the Middle Eastern country, South Korea’s commerce minister said Tuesday.The agreement was reached during South Korean President Park Geun-hye’s recent trip to the UAE to witness the first installation of a South Korean reactor at a power plant in Barakah, some 300 kilometers west of Abu Dhabi.Negotiations for the contract on the operatio
IndustryMay 27, 2014
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Hyundai Mipo wins $102m order from Singapore firm
Hyundai Mipo Dockyard, a leading South Korean shipbuilder, said Tuesday it has won a $102 million order from a Singaporean company to build two LPG carriers.Hyundai Mipo, a subsidiary of Hyundai Heavy Industries, the world’s largest shipbuilder, said it would start building the vessels from March 2016 and deliver them to Principals of Eastern Pacific a year later. Principals of Eastern Pacific is a subsidiary of Eastern Pacific Shipping, an international ship management company headquartered in
IndustryMay 27, 2014
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Korean economy expected to grow 3.7% in 2014: KDI
South Korea’s economy is expected to grow 3.7 percent this year, a state-run think tank forecast Tuesday, amid expectations that the economy might be recovering from a long-term slump.Reflecting recent changes in calculation methodology for gross domestic product, however, the Korea Development Institute said its latest growth outlook represented about a 0.1-0.2 percentage point downgrade from the previous growth outlook unveiled in November last year.“The actual downgrade stemmed mostly from a
May 27, 2014
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KFS at forefront of desertification prevention
The Korea Forest Service will help developing countries prevent desertification and deforestation as called for by the international community, the agency said.As South Korea is currently an official development assistance, or ODA, donor and has been a member of the OECD’s Development Assistance Committee since 2010, as well as the host nation of the Green Climate Fund, it has the obligation and responsibility to carry out global forestry recovery efforts.To this end, the KFS helps prevent deser
BusinessMay 27, 2014
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[Herald Interview] Korea’s forest management know-how going global
A growing number of countries, particularly developing countries in Asia, are seeking to learn about Korea’s forest rehabilitation and forest management know-how. Korea has worked to green up its open spaces over the past 40 years, and its successful reforestation policy has been looked on as a benchmark for countries seeking reforestation in a short period of time.“Inquires from overseas have varied from (questions about) reforestation to forest welfare policies,” Korea Forest Service Minister
May 27, 2014
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Korea offers green insights to developing countries
South Korea boasts many areas of natural beauty as mountains and forests take up nearly 64 percent of the land. Yet, not so long ago the country was left devastated following the 1950-53 Korean War. Since 1970, the country has planted more than 11 billion trees and implemented environmental protection policies in order to restore bald mountains and denuded forests.With its successful reforestation efforts, the country is now exporting its forest development model, giving insights to government o
IndustryMay 27, 2014
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Kael GemVax malaria vaccine wins European patent
Kael GemVax won a European patent for its malaria vaccine and will be notified by the European Patent Office on June 4. The patented technology is for the production of a vaccine that could prevent or treat malaria caused by plasmodium falciparum. According to the World Health Organization, malaria affects 500 million people around the world and kills 1 million every year. The technology gained a U.S. patent in September 2011. “We hope the patent will provide a platform for scientists to develop
IndustryMay 27, 2014
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Shiseido releases waterproof mascara
Shiseido on June 1 will release Maquillage Stay Long Eyeliner, a creamy liquid-type pencil liner that stays on the skin without making the eye area dry and tight. The Japanese makeup brand said the waterproof product stays on for more than 12 hours after application. The eyelash essence included in the fluid also helps eyelashes stay strong and thick. The pencils come in dark black and brown and are priced at 35,000 won ($34) each. (baejisook@heraldcorp.com)
IndustryMay 27, 2014
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Sales & events for Aekyung’s 60th anniversary
AK Plaza is holding various events to mark the 60th anniversary of its mother group, Aekyung, on June 9. A total of 60,000 people with AK Members Cards could receive soap sets at AK Plaza outlets nationwide, while fashion brand JEIKEI will sell 6,000 jeans at 20,000 won ($19.50) each. Those who buy more than three pairs of jeans can get an extra eco bag. Each branch will hold its own discount promotions of up to 70 percent while the company’s online shopping mall (www.akmall.com) will give out t
IndustryMay 27, 2014
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McDonald’s features limited edition french fries boxes
McDonald’s has released limited edition french fries boxes designed by noted artists from 12 countries to mark the 2014 World Cup. The boxes will be simultaneously released in 120 countries around the globe. The designers include famous Brazilian street artist Eduardo Kobra, who reflected his passion for football. McDonald’s is also presenting an augmented reality game, “McDonald’s GOL!” at the Android and Apple app stores. It is also downloadable at http://gol.mcd.com. Users can strike a goal b
IndustryMay 27, 2014
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Manoffin releases patbingsu
Manoffin, a coffee and muffin-themed franchise cafe, has released two kinds of patbingsu, flaked ice with red bean paste and a variety of toppings. Manoffin’s patbingsu comes in a portable plastic cup. The Milk Mabing has ground ice with steamed red bean paste and milk sauce, giving it an authentic, mild patbingsu taste. The 17 grain Mabing has 17 grain powder on top of the bean paste, making it a natural and healthy ice dessert. Both patbingsus are priced at 3,500 won ($3.40).(baejisook@heraldc
IndustryMay 27, 2014
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U.N. says carbon levels hit new high
Atmospheric carbon dioxide concentrations have crossed a new threshold, the U.N.’s weather agency says, highlighting the urgency of curbing man-made, climate-altering greenhouse gases.In April, for the first time, the mean monthly carbon dioxide concentration in the atmosphere topped 400 parts per million throughout the northern hemisphere, which pollutes more than the south, the World Meteorological Organization said.“This should serve as yet another wakeup call about the constantly rising leve
TechnologyMay 27, 2014
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Doctors design mini-dialysis machine for babies
LONDON (AP) ― Doctors in Italy have designed a miniature dialysis machine for babies, used for the first time last year to save a newborn girl, according to a new report.Usually, doctors adapt standard dialysis machines for babies, but that can be risky since the devices can’t always be accurately tweaked. About 1 to 2 percent of hospitalized infants have kidney problems that may require dialysis, which cleans toxins from the blood when the kidneys aren’t working.“Only a small number of (babies)
TechnologyMay 27, 2014
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Business ethics second to profit
This is the fifth in a series of articles that examine Korea’s preparedness for disasters and social risks in light of the recent Sewol tragedy. ― Ed. The construction site of the second Lotte World Tower in Jamsil, Seoul. (Yonhap)Without a doubt, South Korean conglomerates have been the chief driving force behind the country becoming world’s 15th-biggest economy in a single generation. But their obsession with maximizing profit is turning out to be a double-edged sword. On the one side, this ha
IndustryMay 27, 2014
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‘Daum Kakao’ eyes global expansion
Daum and Kakao Corp. said Monday the planned merger between the search portal and mobile messenger will help the new company called “Daum Kakao” to make headway in globalizing its services.Neither drew a clearer road map for competing with overseas IT giants as their top priority is consolidating the two companies by October this year. Daum will be the surviving entity, and Kakao will dissolve in the process, they said.“We will continue to discuss all other details as the two companies merge,” D
TechnologyMay 26, 2014
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[Newsmaker] Daum, Kakao merge to take on giant rivals
Watch out Naver, here comes Daum and Kakao.The merger between Daum, the nation’s second-largest search engine, and Kakao, the most-used mobile messaging service, surprised many observers, who said that it was a “game-changing move” that can potentially shake things up, at least here in Korea.But globally, they may find it challenging to stand out among heavyweights such as Naver, Facebook, Tencent and Google in this mobile age, or even win a foothold in the mobile messaging market dominated by W
TechnologyMay 26, 2014
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[Graphic News] LG Electronics beats Nokia in global mobile phone market
Apple and Samsung dominated the global market for mobile phones in the first quarter of this year, while LG Electronics reached a distant third for the first time, data showed on Monday.According to Strategy Analytics, Apple held a 34.2 percent global mobile phone market share based on sales, followed by two South Korean companies ― Samsung with 30.4 percent and LG Electronics with 4.2 percent. Sony was ranked fourth with 3.3 percent, narrowly ahead of Nokia. Chinese phone makers Xiaomi and Huaw
TechnologyMay 26, 2014
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Finance minister calls for more corporate spending
Deputy Prime Minister and Finance Minister Hyun Oh-seok on Monday urged the business community to increase its spending and scale up investment plans to revive waning domestic demand in the wake of the Sewol ferry disaster. “Consumption-related economic indicators, hit by the public’s continuing pain over the ferry disaster, are showing signs of decelerating contraction,” Hyun said during the meeting of the public-private consultation body for creative economy.But he said cooperation between the
May 26, 2014