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Ediya Coffee to inject W350m into its first coffee roastery
S. Korea ranks 7th in OECD's science, technology capabilities scale in 2018
Korea to spend 2.93t won to develop bio tech in 2019
Foreign investors net purchase W3.73tr in Korea-listed stocks
NK facing 'historic turning point' in reference to Trump summit: Rodong Sin...
Jeju's Greenland hospital files suit to repeal ban on domestic patients
[Newsmaker] Search ship retrieves voyage data recorder from sunken Stellar ...
Gangnam club employee detained on drug charges
Elementary school student found unconscious in hotel’s pool
Dead body found in pipeline, police suspect homicide

Today Industry

Ediya Coffee to inject W350m into its first coffee roastery

South Korean coffee chain Ediya Coffee will inject 350 million won ($311,291) to establish a coffee bean roastery that can produce up to 6,000 tons of coffee beans annually, the company said Monday.The roastery, called the Ediya Coffee Dream Factory, will be the company’s first coffee production facility since it was established in 2004. The roastery will be built on 12,982 square meters in Pyeongtaek, Gyeonggi Province. The factory will have environmentally friendly roastery facilities equipped

Korea to spend 2.93t won to develop bio tech in 2019

South Korea will spend 2.93 trillion won ($2.61 billion) this year to develop new bio technology, as part of efforts to become the leading industrial hub, the government said MondayThe 2019 biotech support budget, which received a 2.9 percent increase from a year earlier, aims to develop critical medical sectors, such as genomes and brain science, the Ministry of Science and ICT said. (Yonhap)The plan was finalized during a government meeting presided over by ICT Minister Yoo Young-min earlier i

Today
Industry
KCS seeks lead in ‘smart customs’ with next-gen tech

The Korea Customs Service, the body in charge of clearing all goods that enter and leave South Korea, is out to become a leader in “smart customs” systems powered by next-generation technologies.The KCS continues to improve its automated customs administration solution, UNI-PASS, which has so far been exported to 13 countries and is spreading Korea’s high-tech customs management know-how around the world, it said.With UNI-PASS as its anchor, the customs service provider will work to establish a

Today
Industry
[Herald Interview] ‘4th industrial revolution’ technologies now crucial for customs clearance

The global trade volume has expanded at a drastic pace over recent years on the back of e-commerce growth, but has also led to increasing abuse of simplified customs procedures.Responding to such a market reality, it is inevitable that customs offices should fundamentally innovate their administrative systems with key technologies of the “fourth industrial revolution,” according to the head of the information bureau at South Korea’s customs agency.“It is now time that customs administrations ado

Today
Industry
APMA hosts contemporary art exhibition

The Amorepacific Museum of Art in Yongsan, Seoul, will host an exhibition showcasing some 40 contemporary art pieces until May 19.The exhibition, titled “APMA, Chapter One -- from the APMA Collection,” will fill eight exhibition halls and include a range of art genres, from painting and photography to sculpture and media arts. Some of the works on display are part of the personal collection of Amorepacific Chairman Seo Kyung-bae. Notable pieces in the exhibition include “Love” by American pop ar

Today
Industry
Chiefs of Korea’s top 10 conglomerates to reap record high dividends for 2018

The chiefs of South Korea’s top 10 conglomerates are expected to collect record-high dividends for 2018 on the back of generous dividend payouts from the listed companies, according to data from corporate market tracker Chaebul.com on Sunday.Together, the heads of Korea’s 10 biggest family-owned conglomerates are poised to earn about 757.2 billion won ($670 million) in dividends for the fiscal year of 2018. This marks a 42.4 percent rise from 531.8 billion won in dividends they collected in 2017

Today
Industry
[Photo News] Build colors

Cosmetic products are showcased at a pilot shop for Shinsegae Group’s new cosmetic brand Stone Brick in the Hongik University area in Seoul, Sunday. Stone Brick products come in containers that can be stacked on top of one another. Upon its launch, Stone Brick introduced 95 lip colors. (Yonhap) (Yonhap)

Today
Industry
LG CNS, AWS to accelerate corporate data migration to cloud

LG CNS said Sunday it has signed an agreement with Amazon Web Services for strategic cooperation to accelerate data cloud migration by companies here.The two will collaborate in developing a program for businesses here to move their corporate data to the cloud in a faster and easier way, it said.　“We will work closely with LG CNS to help accelerate adoption of cloud services among Korean customers, and help them to enjoy the full benefits of digitization,” said Ed Lenta, managing director of AWS

Today
Industry
Korean carmakers troubled as US auto tariff decision looms closer

South Korean carmakers remain on edge as a decision on tariffs by US President Donald Trump looms closer, with the Department of Commerce reportedly having concluded in its confidential recommendation report due Sunday that auto imports could hurt national security.Last week, Agence France-Presse reported the Department of Commerce had concluded that auto imports are “a threat to national security,” citing two unnamed sources and the report expected to be delivered to the White House by Sunday.(

Today
Industry
Hyundai reaches tentative settlement in US class-action suit over ‘exploding’ sunroofs

Hyundai Motor on Sunday confirmed a report that it had reached a tentative settlement with plaintiffs in a class-action lawsuit in the US over panoramic sunroofs that shattered suddenly, although the company said the decision did not mean its automobiles were defective.The class-action suit was filed in 2015 in the US District Court for the Central District of California.Hyundai car owners there complained that Sonata, Tucson, Santa Fe, Veloster, Elantra GT, Azera and Genesis models produced on

Today
Industry
Koreans use nearly W8tr at convenience stores on credit cards

Growing one-person households, small payments add up

Today
Industry
Renault Samsung to face lower utilization rate after it stops

Renault Samsung Motors Corp., the South Korean unit of Renault SA of France, is expected to face a lower utilization rate after it stops producing the Nissan Rogue later this year, a company official said Friday. The Nissan Rogue sport utility vehicle (SUV) accounts for 48 percent of production at Renault Samsung’s plant in Busan, but the Franco-Japanese auto alliance is unlikely to renew a contract on the vehicle’s production. A source at Renault Samsung said renewing the contract, which will e

Feb 15, 2019
Industry
Ex-Posco executive to head Hyundai Steel’s R&D division

Hyundai Motor Group has named Ahn Dong-il, a former executive with the steel giant Posco, as president of the R&D and technology development division within its subsidiary Hyundai Steel, the group said in a statement Friday.Ahn is known as a top engineer who served as head of Posco’s two manufacturing bases: one in Gwangyang, South Jeolla Province, and one in Pohang, North Gyeongsang Province. Ahn Dong-il (Hyundai Steel)His appointment to the role is part of the group’s efforts to improve its co

Feb 16, 2019
Industry
BAT, McLaren join hands on technology development

Tobacco maker British American Tobacco said Friday that it has joined hands with British sports carmaker McLaren and established a new global partnership for advanced technology and innovation.As part of the agreement, BAT will work closely with McLaren Applied Technologies to collaborate and share technological expertise in batteries, advanced materials and design. BAT’s stated goal is “transforming tobacco,” and the company said it would work to provide consumers with less risky tobacco and ni

Feb 16, 2019
Industry
What you need to know about Nexon’s Traha: Launch date, compatible devices and more

The announcement that Nexon plans to launch the next-level mobile massively multiplayer online role-playing game Traha on April 18 was a Valentine’s Day surprise for fans around the world. Hollywood star Chris Hemsworth -- perhaps better known as his alter ego, Thor from “Avengers” -- is the face of Traha. "Battle after battle, victory after victory -- all this became mundane. Which is why I came here."

Feb 16, 2019
Industry

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
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