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Ministry to gradually remove half of all 'unnecessary' coastal, riverside b...
Father-to-son succession sees Korea’s biggest Christian church under fire
Rejected man uses stun gun on woman
[Weather] Rain cools down parts of Korea
'Naengmyeon' prices soar after inter-Korean summit
Companies increase hiring, permanent positions
Moon to meet floor leaders of ruling, opposition parties
US, N. Korea should break impasse with liaison offices: ex-US envoy
Korea beat Bahrain 6-0 to start men's football competition
US sanctions China, Russia firms for helping NK illicit shipments

Today Industry

Companies increase hiring, permanent positions

South Korea's top 30 conglomerates hired 14,000 employees in the first half of this year and increased the number of permanent staff, according to corporate data Thursday, showing they are keeping in step with the government policy of creating quality jobs.Business tracker CEO Score gathered data on 262 companies who filed first-half business reports for this year and had hiring records that could be compared with the corresponding period of last year. (Yonhap)Results showed that CJ Group toppe

[News Focus] Moon’s nuclear-free Korea faces backlash

Major losses of two-largest energy public corporations prompt critics to raise voices

Aug 15, 2018
Industry
‘Copycat’ trademarks fading in recent years

Counterfeits of famous foreign brands have been on a steady decline here, reflecting growing awareness of trademark protection, data showed Wednesday.The number of trademark invalidation trials filed by foreign entities against local copycats has been on a downward trend since 2015, according to data compiled and released by the Intellectual Property Trial and Appeal Board.The IPTAB is a special administrative tribunal affiliated with the Korean Intellectual Property Office that handles disputes

Today
Industry
Who received the highest salary in H1?

Chaebol owners and business tycoons’ paychecks revealed on FSS’ salary report system

Today
Industry
Alcoholic beverages get smaller

Following the continued trend of “honsul,” or drinking alone, and increased single-person households, more liquor companies are releasing smaller products.South Korean brewer Oriental Brewery said it has launched mini beer cans in 250-milliliter servings, which the company said are “perfect for the summer vacation season” because they are easy to carry around and can be consumed at once. Oriental Brewery’s Cass (OB)OB also released mini-sized Hoegaarden Rose bottles, in an effort to diversify it

Today
Industry
Expedia to focus on South Korean market for its mobile innovation

U.S. online travel company Expedia Group Inc. said Tuesday it will closely review feedback from customers in South Korea, one of the most wired countries in the world, to better accommodate the increasing number of travelers using mobile transactions globally. 　According to the company, more than 50 percent of the traffic at its Expedia website arrives via mobile platforms, with one-third of its bookings made through mobile devices. In South Korea, more than 50 percent of bookings are made using

Aug 14, 2018
Industry
Industry shows mixed reactions to arrival duty-free shops

South Korean duty-free store operators are divided over President Moon Jae-in’s remarks on the possibility of opening duty-free shops at arrival airport terminals to alleviate the inconvenience of having to travel with duty-free goods. Passengers ready for departure at Incheon Airport. (Yonhap)On Monday, President Moon ordered a long-debated review of opening duty-free stores at arrival terminals during a meeting with his secretaries, saying that arrival duty-free shops could boost domestic spe

Aug 15, 2018
Industry
Korean white hat hackers win CTF competition in US

South Korean white hat hackers took the first place in the Defcon 26 Hacking Conference Capture the Flag Competition held in Las Vegas from Thursday through Sunday, according to Raonsecure Tuesday. White hat hackers refer to security experts who identify security flaws and defend against hacking attacks on a website, while Capture The Flag means an information security competition. (Raonsecure)This marked the second time that the team representing Korea, defkor00t, became the winner in the US co

Aug 15, 2018
Industry
Korean shipbuilders account for half of global orders in July

The Korean shipbuilding industry accounted for nearly half of global shipbuilding orders, winning 22 vessels in July, according to shipbuilding industry analyzer Clarkson Research on Tuesday. Hyundai Heavy IndustriesAccording to the research firm, Korean shipbuilders recorded orders equal to 970,000 compensated gross tons last month, accounting for 48 percent of a total of 2.01 million CGTs in the global shipbuilding market. The Korean firms, including Hyundai Heavy Industries, Samsung Heavy Ind

Aug 15, 2018
Industry
FTC to report Hanjin chief for unfair business practices

The nation’s antitrust watchdog said Monday it decided to report Cho Yang-ho, chairman of Hanjin Group, to prosecutors over alleged unfair business practices, adding another allegation to the chief already accused of tax evasion and embezzlement by prosecutors. The Fair Trade Commission said the Korean conglomerate that owns Korean Air and Hanjin Shipping omitted to report its four affiliates run by Cho’s family members as well as the names of 62 family members to the FTC from 2003 to 2018, with

Aug 14, 2018
Industry
Harim enters Philippines market with frozen, ready-to-eat foods

South Korean poultry giant Harim Group said Monday that it will begin selling frozen foods such as chicken nuggets and ready-to-eat products like Samgyetang, or chicken ginger soup, in the Philippines.The company said its signature product of Yongari chicken nuggets and other frozen foods will hit the shelves at supermarkets in Manila and other major cities in the Philippines soon. Last month, Harim’s products passed customs in the Philippines, it said. It is the first time for a South Korean co

Aug 14, 2018
Industry
Samsung Bioepis to start clinical trials of first new drug candidate with Takeda Pharmaceutical

Samsung Bioepis said Monday that it plans to soon start phase 1 clinical trials for its first new drug candidate in development with Japan’s Takeda Pharmaceutical, setting a fresh milestone in the South Korean drugmaker’s push into new drug development.The therapeutic candidate, SB26, also known as TAK-671, is an ulinastatin-Fc fusion protein to treat severe acute pancreatitis. It is the first result of the new drug development collaboration partnership signed by the two companies in August 2017

Aug 14, 2018
Industry
Samsung Heavy mulls unpaid leave plan amid lower orders

Samsung Heavy Industries Co. is considering adopting a compulsory unpaid leave plan for its employees as it receives fewer orders amid oversupply and lower demand, the company said Sunday. Samsung Heavy's move comes after Hyundai Heavy Industries Co. recently offered an unpaid leave plan to its workers at the country's biggest shipbuilder's offshore plant shipyard, which was temporarily shut down due to a lack of new orders. Samsung Heavy`s shipyard in Geojedo, South Gyeongsang Province (Yonhap)

Aug 12, 2018
Industry
[IP in Korea] Government role crucial in expanding creative public domain

The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 22nd installment. -- Ed.In an era of technological evolution, in which content is constantly integrated, disassembled and reinvented, the conventional exclusivity of copyright is under pressure as creators seek lower barriers to produce their work and realize innovation.But a drastic expansion of the public domain could also infringe the rights of creators. That is why the Culture

Aug 13, 2018
Industry
S. Korean construction firms eye opportunities for Trans-Korean Railway

The Korea Herald is publishing a series of articles featuring inter-Korean relations to mark the paper’s 65th anniversary that falls on Aug. 15. Following is the seventh installment. – Ed.Delegations of the two Koreas inspect the North Korean side of the Gyeongui Line on July 24. (Yonhap)Under the peace initiative by South Korean President Moon Jae-in, whose pledges include building a Trans-Korean Railway, construction companies are optimistic about the prospect of involvement in the project. Th

Aug 13, 2018
Industry

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