The Korea Herald

S-Oil CEO donates W500m to help combat coronavirus outbreak

Mar 5, 2020

S-Oil said Thursday its chief executive has donated 500 million won ($421,440) to a local disaster relief organization to help people hit by the coronavirus outbreak. Hussain Al-Qahtani, who was app...
Shinsegae to spend W900b to help small suppliers amid outbreak

Mar 5, 2020

Shinsegae Group is set to provide a total of 900 billion won ($758 million) to help small and medium-sized business partners that are struggling as a result of the new coronavirus outbreak. Shinsega...
Big firms join 'social-distancing' drive amid virus crisis

Mar 5, 2020

Big businesses in South Korea are introducing more "social-distancing" measures to help contain the disruptive coronavirus outbreak, sources said Thursday. It comes as the government has proposed a ...
Kakao chairman donates stocks worth W2b to help fight coronavirus

Mar 4, 2020

Kakao founder and Chairman Kim Beom-su has pledged to donate his stocks worth 2 billion won to help combat the nationwide spread of COVID-19, the firm said Wednesday. The company will also separately...
Samsung Biologics, STCube to develop novel anti-cancer drug

Mar 4, 2020

Samsung Biologics announced Wednesday that it has signed a partnership deal with STCube for the development and manufacturing of STT-003, an anti-cancer immunotherapy candidate. STT-003, developed b...
Medytox, Daewoong exchange fire once again

Mar 4, 2020

Korean botulinum toxin makers Medytox and Daewoong Pharmaceutical exchanged fire once again on Wednesday, both claiming to have the upper hand in winning the US International Trade Commission suit. ...
[Monitor] South Korea’s mask exports to China soar in January

Mar 4, 2020

South Korea’s mask exports to China soared in January when the Wuhan coronavirus began to spread, reaching the same level as annual total of last year, according to data by the Korea International Tr...
Two-thirds of foreign firms expect weaker sales on virus: poll

Mar 4, 2020

Nearly two-thirds of foreign firms in South Korea expect their sales to drop due to the spread of the novel coronavirus, a poll showed Wednesday. The survey of 150 foreign-invested corporations show...
[Newsmaker] Plastic surgery clinics endure drop in Chinese customers over coronavirus

Mar 4, 2020

South Korea’s 5-trillion-won ($4.2 billion) plastic surgery industry is bleeding Chinese demand amidst the worsening coronavirus outbreak. The Korea Health Industry Development Institute said that C...
[News Analysis] Breakdown of drugs currently used to treat coronavirus

Mar 3, 2020

Korea’s Drug Ministry approves clinical trial of remdesivir for Seoul, Daegu
LS C&S wins $85m contract for submarine cables in Middle East

Mar 3, 2020

LS Cable and System said Tuesday it has won a contract worth about $85 million for a subway cable project to connect Bahrain’s islands. The company said it clinched the deal on a turnkey basis, to s...
[Photo News] PARTITIONED LUNCH

Mar 3, 2020

LG employees eat lunch at partitioned tables as a precaution to prevent the spread of COVID-19, at the group’s Twin Towers headquarters in Yeouido, western Seoul, Tuesday. (LG Corp.)
Korean exporters on edge as COVID-19 disrupts overseas operations

Mar 3, 2020

South Korean companies, including Samsung and LG, are on edge about the possibility of critical production setbacks at key manufacturing bases in Vietnam and China as a result of coronavirus fears. ...
Increase of 5G users in Korea slows down

Mar 3, 2020

South Korean mobile carriers are struggling to entice more customers for 5G services amid the new coronavirus outbreak, according to latest data Tuesday. In January, the number of 5G network users h...
Samsung's Q4 smartphone share rises in Europe

Mar 3, 2020

Samsung Electronics Co.'s share of the European smartphone market advanced slightly in the fourth quarter of last year, benefiting from rival Huawei Technologies Co.'s struggle with a US trade ban, d...