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Posco to invest W20b in smart factories for SMEs

South Korea’s largest steelmaker Posco plans to support small steel companies to build their smart factories, investing 20 billion won ($16.9 million) over the next five years, according to the compa...

Jun 9, 2019
Industry
Steel industry beset by tougher environmental regulations

South Korea’s increasingly stringent environmental regulations are hobbling its steel industry, already beset by falling sales and rising raw material prices. Last week, three regional governments r...

Jun 9, 2019
Industry
Ryan in Las Vegas: Kakao character attends US licensing festival

South Korean tech company Kakao has sent representatives of its character merchandising subsidiary to attend a popular US licensing festival in Las Vegas this week, as the Korean company is seeking t...

Jun 7, 2019
Industry
Original soundtrack for Netmarble’s ‘BTS World’ released ahead of game

South Korean game company Netmarble is releasing the original soundtrack for its new mobile game “BTS World” on Friday at 6 p.m. (local time), the company said. Titled “Dream Glow,” the soundtrack f...

Jun 7, 2019
Industry
Samdasoo’s market share falls amid heated competition in bottled-water business

Faced with an expanding market and growing consumer demand for cheaper options, South Korea’s bottled-water market leader Samdasoo has a stake below 40 percent in the country’s drinking water market ...

Jun 7, 2019
Industry
BTS’ agency’s corporate value soars above $1b: think tank

Big Hit Entertainment, the agency that represents the globally popular K-pop band BTS, has surpassed $1 billion in corporate value, a local think tank said Thursday. According to a report released b...

Jun 6, 2019
Industry
Six in 10 listed firms post lower operating profit or loss

Listed companies in South Korea managed to record an higher operating profit overall, but in fact, 60 percent of them saw a decline or even marked losses, data showed Thursday. An analysis by market...

Jun 6, 2019
Industry
Hanwha Group helps tackle river pollution in Vietnam

Korean conglomerate Hanwha Group donated two eco-friendly trash skimmer boats to Vietnam, the group announced Thursday. On the occasion of World Environment Day on Wednesday, Hanwha Group hosted a d...

Jun 6, 2019
Industry
[Herald Interview] 'Robots can not replace human workforce, at least not now'

Robot guru shares his thoughts, market insights

Jun 6, 2019
Industry
Renault Samsung union enters strike as wage renegotiations falter

Unionized workers at Renault Samsung Motors Corp. entered a "full-scale" strike after failing to narrow a gap in wage renegotiations, the union said Wednesday. Renault Samsung and its union said the...

Jun 5, 2019
Industry
Medytox says China approvals proceeding without glitch

Government approval for wrinkle-smoothening botulinum toxin Medytoxin is proceeding as planned in China under the name Neuronox, Korean BTX maker Medytox said Wednesday in a regulatory filing. It ca...

Jun 5, 2019
Industry
Moon joins test drive of Korea’s first hydrogen-powered city bus

President Moon Jae-in on Wednesday joined a test drive of the nation’s first city bus powered by hydrogen and developed for commercial use, demonstrating his administration’s drive to nurture the dev...

Jun 5, 2019
Industry
[Newsmaker] Korea to change liquor tax system for first time in 50 years

South Korea has decided to change its liquor tax system for the first time in 50 years, shifting from a price-based to volume-based system, starting with domestically brewed beer and rice wine, the M...

Jun 5, 2019
Industry
Drug safety minister apologizes for Invossa fiasco

The Minister for Food and Drug Safety on Wednesday apologized for authorizing the use of the gene therapy drug Invossa to treat arthritis. It has since revoked that approval. “I apologize for failin...

Jun 5, 2019
Industry
South Korea to toughen sanctions on habitual tax delinquents

South Korea will toughen sanctions on habitual tax delinquents who owe huge sums, amid growing public criticism over the problem. “The government plans to toughen sanctions on taxpayers who habitual...

Jun 5, 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
Tel : 02.727.0114