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Ice sales rise in recent years due to ever-rising summer temps

South Korea's ice market has risen dramatically in recent years, industry sources said Friday, amid ever-rising temperatures during the summer months. The market size will likely surge to 40 billion...

Updated : 2017.06.23 10:42

LG Uplus to provide home IoT solutions to families of fallen soldiers

LG Uplus Corp. said Friday it plans to provide home Internet of Things solutions for families of soldiers that died in an inter-Korean naval clash in 2002. South Korea's No. 3 mobile carrier said th...

Updated : 2017.06.23 10:32

Samsung speeds up VR biz in US

Samsung Electronics Co., South Korea's top tech firm, is accelerating its move to boost its virtual reality business in the United States by recruiting experts and joining ties with new partners, ind...

Updated : 2017.06.23 10:24

Air Seoul expects to turn profits starting 2018

Low-cost carrier Air Seoul expects to start making profits from next year, according to the airline’s CEO on Thursday. “We have completed putting in place the basic infrastructure for operations, ...

Updated : 2017.06.22 17:09

SPC Group to open third flagship store in Seoul

The third flagship store of SPC Group, South Korea’s leading food manufacturer and distributor, will open next month with added characteristics of varied menus and entertainment services, the compan...

Updated : 2017.06.22 15:35

Korea likely to raise electricity bill as it retires nuclear reactors: sources

South Korea is poised to follow Germany and Japan in raising power rates as it retires old nuclear power reactors and makes a switch to eco-friendly renewable energy, industry sources said Thursday. ...

Updated : 2017.06.22 12:08

[Herald Interview] Samsung BioLogics to start drug development service

SAN DIEGO -- Samsung BioLogics, the contract drug manufacturing arm of South Korea’s Samsung Group, is planning to provide development support services to small-sized pharmaceutical firms, as it loo...

Updated : 2017.06.21 19:04

Korean airports hurt by China's package tour ban over missile row

South Korea's provincial airports are still coping with the drop in passenger traffic due to China's ban on package tours over a diplomatic row linked to the deployment of an advanced anti-missile sy...

Updated : 2017.06.21 16:37

SK Planet rumored to be splitting off 11st

SK Planet is rumored to be pursuing a split of its online open market platform 11st to create a new joint company with one of Korea’s major retailers as profits continue to fall, according to indust...

Updated : 2017.06.21 15:20

Opening of Incheon Airport’s 2nd terminal likely to be delayed

Incheon Airport’s second terminal, which was originally slated to open this year, may push back its opening to after the PyeongChang Winter Olympics next February. According to a spokesperson at th...

Updated : 2017.06.21 15:18

Cigarette tax revenues to reach W57tr over next 5 years

A sharp increase in cigarette excise taxes that went into effect during the previous administration is expected to bring in over 57.2 trillion won ($50 billion) in taxes during the Moon Jae-in admini...

Updated : 2017.06.21 15:10

Korea's tallest skyscraper receives eco-friendly certification

South Korea's tallest skyscraper built by retail giant Lotte Group received a green building certificate from a U.S.-based environment organization, Lotte Corp. said Wednesday. The 123-story Lotte W...

Updated : 2017.06.21 15:05

Lineage M tops grossing app in Korea

NCsoft Corp., a South Korean online gamemaker, said Wednesday the mobile version of its mega-hit game "Lineage," "Lineage M," ranked as the No. 1 mobile application in terms of sales. "Lineage M" be...

Updated : 2017.06.21 13:32

Hyundai E&C wins W270b orders from Singapore

Hyundai Engineering & Construction Co., a major construction company here, said Wednesday it has won two reclamation projects worth a combined 270 billion won ($236 million) from Singapore. In a 184...

Updated : 2017.06.21 11:13

Samsung BioLogics turns to development service: CEO

SAN DIEGO — Samsung BioLogics, the contract drug manufacturing arm of South Korea’s Samsung Group, is planning to provide development support services to small pharmaceutical firms. Samsung BioLog...

Updated : 2017.06.21 10:36