[Herald Interview] ‘Seoul needs trust-building mechanism more than anythin...

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[Herald Interview] ‘Seoul needs trust-building mechanism more than anything’

Michael BerkowitzWhat Seoul needs more than anything to become a resilient city is people’s trust in the government, said Michael Berkowitz, president of 100 Resilient Cities under the Rockefeller Fo...

Updated : 2017.02.21 16:33

GS25 partners with Beyond, expanding into cosmetics

Convenience store chain GS25 said Tuesday that it has partnered with LG Household & Health Care’s cosmetics brand Beyond, looking to expand its sales by setting up a new cosmetics category.The two co...

Updated : 2017.02.21 15:43

NGO, Kookmin offer psychological counseling for needy children

The Korean Open Doctors Society, a non-governmental organization in Seoul, and KB Kookmin Bank have launched a joint psychological counseling and therapy program for children from low-income families....

Updated : 2017.02.21 13:13

Govt. to pay W1.5tr in subsidies to rice farmers

The South Korean government will pay nearly 1.5 trillion won ($1.3 billion) in subsidies to rice farmers this year as compensation for falling prices, the agriculture ministry said Tuesday.Under the l...

Updated : 2017.02.21 11:14

Half of Korean firms plan to hire older workers in 2017

More than half of South Korean companies have plans to hire older, experienced workers this year, partly for their expertise but also for their ability to interact and lead others with less experience...

Updated : 2017.02.21 11:10

Some 'nondescript' foreign items popular among Koreans

Several high-priced foreign goods are extremely popular among South Koreans though they are almost unknown to consumers in the producing countries, industry sources said Tuesday.One of them is a table...

Updated : 2017.02.21 11:05

Sales of Samsung's premium laptop computers exceed 100,000 units this year

Sales of Samsung Electronics Co.'s premium Notebook 9 line of laptop computers have surpassed 100,000 units so far this year, industry data showed Tuesday. Samsung unveiled the new version of premium ...

Updated : 2017.02.21 11:03

Hermes bags are talk of town amid nation-rocking scandal

Hermes handbags, despite their international reputation as an elegant luxury brand, are adding bitterness to their cachet in South Korea as they have been used as a "popular" item for bribes in high-p...

Updated : 2017.02.21 10:54

Korea eyes exports of signature green tea

South Korea is pushing to export its most famous organic green tea brand to tap fast growing markets in the United States and other countries, officials said Tuesday.The Ministry of Agriculture, Food ...

Updated : 2017.02.21 09:52

Hyundai Heavy bags order to build 2 oil tankers

Hyundai Heavy Industries Co., a major shipyard in South Korea, has received an order to build two oil tankers, industry sources said Tuesday.Under the deal with a Greek shipowner, Hyundai Heavy will b...

Updated : 2017.02.21 09:39

Govt. to encourage public firms to increase dividend payouts

The South Korean government said Tuesday that it will revise its performance evaluation criteria for state-run companies in a way to encourage them to increase dividend payouts.Their dividend payout r...

Updated : 2017.02.21 09:37

[News Analysis] Samsung's defense against widened allegations

Special investigators last week used fresh evidence to find their way through Samsung Group’s de facto leader Lee Jae-yong’ legal defense and arrest him on suspicion of bribery, embezzlement and per...

Updated : 2017.02.20 18:39

What smartphones mean to LG

LG Electronics is sometimes incessantly posed questions from outsiders as to why it holds on -- so fervently -- to its money-losing smartphone business. For the tech giant, smartphones are more than j...

Updated : 2017.02.20 18:25

Samsung’s reputation drops to No. 49 in the US: survey

Samsung’s reputation in the US slid to No. 49, marking the biggest drop in the recent years, a survey showed Monday. According to 2017 Reputation Quotient Ratings by Harris Poll, Samsung ranked No. 4...

Updated : 2017.02.20 16:27

Posco expands electrical steel production

South Korea’s top steelmaker Posco held a ceremony to mark the increased capacity of its steel mill for the production of high-end Hyper No, a grain-oriented electrical steel, the firm said Monday. ...

Updated : 2017.02.20 16:25