The Korea Herald

BUSINESS

All
Economy
Finance
Industry
Technology
Automode

LATEST NEWS

[Breaking] Moon vows to enhance trilateral economic cooperation with North ...
Easy as A, B, Xi: China gives economic lessons to North Korea
North Korean airline plans new route to China's Xian
[Graphic News] Abuse cases against seniors on the rise
Seoul court again denies arrest warrant for wife of Korean Air chief
[Noah Smith] Too many of America’s smartest waste their talents
[Hal Brands] China’s master plan: How the West can fight back
[Leonid Bershidsky] Europe and the US could make migration manageable
[David Ignatius] Trump’s ‘deal’ with Kim is far from closed
[Michael Schuman] China should listen to US trade complaints

Today Industry

Microbiologists discuss solutions to energy problems in Seoul

Members of academia and businesses gathered in Seoul on Thursday to discuss how to tackle environment and energy problems through microbial waste management at the 2018 Daesung Haegang Microbes Forum.With the theme of “From Waste to Energy,” the forum was attended by around 120 participants. It is aimed at having experts contribute to the joint development of both the environment and energy fields through discussions about the technical challenges and potential commercialization of cutting-edge

[Herald Interview] Taking global Starbucks phenomenon to next level

Starbucks’ first and only global ambassador shares passion of baristas, unique culture of coffee chain

Today
Industry
L'Oreal completes acquisition of Korean online retailer Nanda

French cosmetics giant L'Oreal said Thursday it has completed the acquisition of one of South Korea's leading online retailers amid a rise in the global popularity of K-pop and Korean beauty items.Last month, L'Oreal announced it will wholly purchase the makeup and fashion company Nanda Co., marking the French firm's first takeover of a Korean firm. The transaction price was not disclosed."After obtaining the necessary authorizations from the relevant authorities, L'Oreal has finalized the acqui

Jun 21, 2018
Industry
Samsung BioLogics earns first manufacturing approval from Health Canada

South Korean contract drug manufacturer Samsung BioLogics said Thursday that it has obtained its first-ever manufacturing approval from Canada’s drug regulators for a biologic product produced at its first plant in Songdo, Incheon.With the addition, the company has now earned 14 manufacturing approvals from the world’s top drug regulators -- the US Food and Drug Administration, the European Medicines Agency, Japan’s Pharmaceuticals and Medical Devices Agency and now Health Canada.Eleven of the a

Today
Industry
Asiana Airlines runs outreach program targeting women in Vietnam

Asiana Airlines said Tuesday it has opened a fourth employment training course targeting women in Vietnam, which will take place over the next six months. Asiana Airlines Managing Director Cho Young-suk (sixth from left) and the Embassy of Korea in Vietnam’s Consul General Lee Mi-yeon (seventh from left) pose for a photo in Hanoi, Vietnam, Wednesday. Asiana AirlinesSince 2015, the South Korean airline has been providing job training sessions for Vietnamese women in the low-income bracket. The p

Jun 21, 2018
Industry
P&G Korea inks MOU to improve medical environment for young patients

Proctor and Gamble Korea said Wednesday that it has signed a memorandum of understanding with Seoul Child Hospital and Kids & Future Foundation to improve Korea’s medical services for children. P&G Korea’s public affairs leader Park Lincoln (left), Seoul Child Hospital Director Kim Jae-bok (center) and Kids & Future Foundation Director Park Doo-joon pose for a photo after signing a memorandum Wednesday. P&G Korea“Through the memorandum, P&G will continue to put in effort to improve treatment an

Jun 21, 2018
Industry
Govt., carmakers to jointly respond to US auto tariff probe

South Korea's trade ministry said Wednesday it will work with local carmakers to respond to potential import restrictions by the United States, which has launched a probe into auto imports.Last month, the US Department of Commerce launched an investigation into possible tariffs on imported vehicles and auto parts, on national security grounds, under Section 232 of its trade law.The Ministry of Trade, Industry and Energy held a meeting with major automakers, including Hyundai Motor Co. and Kia Mo

Jun 20, 2018
Industry
Samsung SDS investors blame FTC head for shares plunge

Samsung SDS’ small shareholders have voiced their anger at the nation’s antitrust watchdog head, claiming his remarks Thursday drove the firm’s shares to plunge. On Thursday, the Fair Trade Commission Chairman Kim Sang-jo had urged the owner families of conglomerates to sell off stocks of non-key affiliates, referring to the businesses of system integration, real estate, logistics and advertising. “Following Kim’s remark, shares of Samsung SDS -- whose main business is system integration -- plun

Jun 20, 2018
Industry
Hyundai Rotem develops new train system

Hyundai Rotem, the train-making affiliate of Hyundai Motor Group, has developed the world’s first train system that can pass through sharp curves with a radius of 15 meters, the company said Tuesday.Capable of making turns in round areas with a 15-meter radius, compared to the previous 25-meter radius, the latest system is expected to enable train tracks to be built in populous regions and curvy locales.　It was developed as part of a government-led project to develop trains that can run 5-7 seve

Jun 20, 2018
Industry
Sales of Orion’s corn chips record W50b in 15 months

South Korean confectionery company Orion said Tuesday that accumulated sales of Kkobuk Chip had surpassed 50 billion won ($45 million) since its launch in March last year. Orion’s Kkobuk Chip (Orion)Approximately 46 million packs of the corn chips had been sold as of this month, according to the company. This translates to some 100 million won worth of chips sold daily. Driven by the popularity of the corn soup-flavored snack, Orion began producing Kkobuk Chip in Shanghai, China, last month unde

Jun 20, 2018
Industry
Retailers add evening classes at culture centers to match shorter working hours

Retailers are adding evening programs at their culture centers to accommodate office workers who will have extra time due to shortened legal working hours starting next month, industry officials said Tuesday.More customers are registering in evening classes at some retailers, including Hyundai Department Store, which increased after-work programs by 10 to 20 percent for this year's June-August period at its chain. Registrants in the 20s-30s age group accounted for 25.7 percent of the total, near

Jun 19, 2018
Industry
Prosecutors seek warrant to arrest wife of Korean Air chief over allegations of illegal hiring

Prosecutors on Monday sought an arrest warrant against Lee Myung-hee, wife of Korean Air Lines Co.'s chief, over allegations that she hired housekeepers from the Philippines without due visas.The move came two weeks after a Seoul court denied the prosecution's request for a warrant to arrest Lee over multiple assault charges.In addition to the assault charges, the 69-year-old Lee is accused of hiring some two dozen maids from the Southeast Asian country for at least the past decade by sponsoring

Jun 18, 2018
Industry
Philip Morris claims IQOS could reduce health risk

Tobacco maker Philip Morris International said Monday that its clinical study proved that switching to its heat-not-burn cigarette device could reduce health risks compared to conventional cigarettes, reigniting controversy over the harmfulness of HNB products. Manuel Peitsch, chief scientific officer at Philip Morris International, speaks during a press conference Monday in Seoul. PMIPMI’s study result comes two weeks after South Korean health authorities released a safety result that found HN

Jun 19, 2018
Industry
KT again embroiled in ‘CEO risk’

South Korea’s leading telecom operator KT once again faces an escalating “CEO risk” as police sought an arrest warrant on Monday for its CEO Hwang Chang-gyu for alleged involvement in the firm’s illegal donations to lawmakers. Hwang was suspected of creating 1.1 billion won ($1 million) in slush funds from May 2014 to October 2017 and of spending 442 million won of the money for illegal donations to 99 lawmakers. Hwang Chang-gyu arrives for questioning at a police station in Seoul on April 17. (

Jun 19, 2018
Industry
LS Cable & System advances into Indonesia with AG Group

LS Cable & System is slated to advance into the Indonesian cable market by setting up a joint corporation with local company Artha Graha Network. AG Group, one of Indonesia’s top 10 companies, runs businesses in the areas of banks, hotels, construction and resorts. LS Cable & System CEO Myung Roh-hyun (third from right) poses for a photo with AG Group Chairman Panji Winata (fourth from right) after signing an agreement in Seoul on Monday. (LS Cable & System)LS signed an agreement with AG Group i

Jun 19, 2018
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 : Shin Chang Hoon
Tel : 02.727.0114