Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Liberal bloc moves to rewrite student rights ordinance
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McDonald’s holds open-kitchen event to highlight food hygiene
McDonald’s Korea said it invited customers to its stores nationwide Tuesday for an open-kitchen event to highlight its food hygiene and safety system.The firm received applications last week from 1,600 customers hoping to participate in the event. The participants could visit any of McDonald’s 310 branches nationwide to survey its management of inventory, kitchen hygiene and the cooking process. A session was held on how McDonald’s cooks its burger patties. The company exp
Nov. 19, 2019
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AmCham to host second Women’s Leadership Forum 2019
The American Chamber of Commerce in Korea and Amway Korea will host the second Women’s Leadership Forum 2019 in Seoul on Wednesday to examine female leadership here and discuss ways to foster gender balance. “Policy support is needed to promote women’s economic activities and startups. We hope this forum will serve as an opportunity to reconsider ways to improve female leadership in corporates and foster next-generation female talent,” AmCham Chairman and CEO James Kim sa
Nov. 19, 2019
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KAI seeks new orders from Thai air force
Korea Aerospace Industries, South Korea’s sole aircraft manufacturer, is participating in a four-day exhibition in Bangkok to promote its technological competitiveness and to pursue new contracts from the Southeast Asian country, ranked 26th in military strength.At the Defense and Security 2019, KAI will introduce three major products that have already won international recognition for their advanced technological features and competitive prices. The list includes KT-1, a single engine tur
Nov. 19, 2019
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HHI Group appoints Kwon Oh-gap as new chairman
Hyundai Heavy Industries Group has appointed Vice Chairman Kwon Oh-gap as the group’s new chairman, according to the firm on Tuesday. The new leader, who joined Hyundai Heavy in 1978, served as director of the firm’s London and Seoul branches and president of Hyundai Heavy Industries Sports. Kwon was the first president of the group’s refinery unit Hyundai Oilbank in 2010. He was recognized for his management ability by growing the company’s operating profit of 130 b
Nov. 19, 2019
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Posco, Kiswel demonstrate advanced welding solution at Fabtech 2019
South Korea’s largest steelmaker said Tuesday it had demonstrated a welding solution jointly developed with its client Kiswel at North America’s largest metal-forming event. At Fabtech 2019 in Chicago last week, Posco and Kiswel promoted their welding materials and welding technologies suitable for high-strength steel for automobiles and construction as well as cryogenic steel for liquefied natural gas storage tanks and marine structures. Fabtech is North America’s larges
Nov. 19, 2019
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FTC sets up special team to probe Naver, Google
South Korea’s antitrust watchdog is set to investigate unfair business practices by dominant tech firms -- both local and foreign -- through a new special task force team, according to officials Tuesday.The nation’s largest search engine firm Naver is likely to become the first target, they noted. Led by Fair Trade Commission Secretary-General Chae Kyu-ha, the 15-member team will examine separate categories -- online platforms, mobile services and intellectual property rights. The on
Nov. 19, 2019
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SK Telecom launches 5G-based VR zone
SK Telecom Co. said Tuesday it has launched a virtual reality zone in partnership with major IT companies at home and abroad to provide various content available on its 5G network.South Korea's leading mobile carrier said users can create their own avatars in its VR space, Virtual Social World, to enjoy various activities in seven different themes. As VR content needs a compatible headset, SK Telecom said it collaborated with social networking giant Facebook to launch the head-mounted displ
Nov. 19, 2019
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WTO to allow S. Korea to keep current tariff rate on imported rice
The World Trade Organization will allow South Korea to keep a 513 percent tariff on imported rice next year, the agriculture ministry said Tuesday, a move that could help protect the rice market of Asia's fourth-largest economy.The move came after South Korea reached deals with five rice exporters -- the United States, China, Australia, Thailand and Vietnam -- to end a process meant to verify whether South Korea's high tariff is appropriate. The five countries, which had taken issue with South K
Nov. 19, 2019
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Cabinet approves bill on regulation of P2P lending
The Cabinet on Tuesday approved a bill on regulation of peer-to-peer loans in a bid to tackle deceptive P2P lending practices and protect consumers, officials said.Under the regulation, which will take effective from August next year, all P2P lenders must have paid-in capital of more than 500 million won ($427,825) each and registration from financial regulators, the Financial Services Commission said in a statement. In case of a non-registered P2P lender, the lender's operator will face a fine
Nov. 19, 2019
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GS units partner with US mobility startup Lime
Two affiliates of energy and construction-centered GS Group said Tuesday they have formed a partnership with US micro-mobility startup Lime to offer better mobility services using their infrastructure.GS Caltex Corp., a major refiner, and GS Retail Co., the group's retail business affiliate, will provide charging services for Lime's electric scooters at their gas stations, parking lots and convenience stores. "This is one of our efforts to make gas stations mobility and logistics hubs
Nov. 19, 2019
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Samsung's DRAM market share hits 2-year high in Q3: report
Samsung Electronics Co.'s share in the global DRAM market rose to the highest in two years in the third quarter on robust chip demand for servers and smartphones, a report showed Tuesday.The Korean tech giant's DRAM market share stood at 46.1 percent in the July-September period, the highest since the second quarter of 2017, according to market tracker DRAMeXchange. Samsung's third-quarter revenue increased by 5 percent from the previous quarter to $7.1 billion with strong demand from Chin
Nov. 19, 2019
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Airbnb incurs Paris wrath over Olympics partnership
LONDON (AFP) -- Airbnb became a leading partner of the Olympics in a nine-year deal announced Monday that drew strong criticism from Paris, host of the 2024 summer Games.In the deal unveiled in London, the home rental platform became a "Top" International Olympic Committee partner, joining titans including Coca Cola and Visa on the highest sponsorship level. But in a letter sent last week and seen by AFP on Monday, the mayor of Paris warned IOC head Thomas Bach about the "risks&qu
Nov. 19, 2019
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Jin Air to put repaired B737-NG back into service
Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Monday it will put a B737-NG plane that underwent repair work for cracks back into service this week.Engineers from Jin Air and Boeing jointly conducted the repair and replacement work on structural cracks on the B737-NG plane in the past two weeks, the company said in a statement. The US Federal Aviation Administration and the Ministry of Land, Infrastructure and Transport have approved the outcome of the repair work after
Nov. 18, 2019
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Major companies’ Q3 profits fall sharply over trade disputes, economic slump
A majority of top South Korean companies listed on the nation’s major bourse saw their operating profits fall rapidly in the third quarter on-year over protracted trade disputes and the stagnant global economy, data showed Monday.According to Infobigs, a data analysis unit of Yonhap News Agency, the combined operating profits of 90 affiliates from top 10 conglomerates plummeted 75 percent between July and September to 6.16 trillion won ($5.3 billion) from 25.28 trillion won in the same per
Nov. 18, 2019
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[Photo News] MAN Truck & Bus expects weak sales in Korea
Thilo Halter (center), Asia-Pacific president of MAN Truck & Bus, speaks during a press conference in Yongin, Gyeonggi Province, Monday. The German automaker expects sales here to remain weak next year, citing the economic slowdown as the reason. In the January-September period, the company sold 519 trucks and buses here. Last year, it sold 1,020 trucks and buses. The company held its second annual Truck & Bus Korea Fair at Yongin Speedway to promote its lineup, including
Nov. 18, 2019
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Hanwha Aerospace, GE sign $300m plane engine parts supply deal
Chemicals-to-finance conglomerate Hanwha Group’s aviation unit Hanwha Aerospace said Monday that it has clinched a $300 million deal to supply aircraft engine parts to US airplane engine maker General Electric. Under the contract, Hanwha Aerospace will supply six kinds of engine parts for GE’s GE9X which is used for Boeing’s 777X, and some 40 kinds for LEAP engines for Airbus A320 Neo, such as high pressure compressors and turbine cases. The South Korean company will offer part
Nov. 18, 2019
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[Herald Interview] Unreal opportunities for Epic Games in Korea
BUSAN -- A rich developer community means Epic Games keeps a close eye on Korea, according to the firm’s local representative.The country has the highest number of developers in the world who can use the Unreal Engine with proficiency, Epic Games Korea’s representative director Ray Park told The Korea Herald during the G-Star 2019 game expo in Busan last week.“Epic Games founder Tim Sweeney is often pleasantly excited by the level of games created by Korean developers using Unr
Nov. 18, 2019
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Seoul to unveil master plan for AI this year: science minister
South Korea will announce a strategy to build up its artificial intelligence capability this year as part of its broader effort to achieve sustainable growth, the country's science minister said Monday.In a meeting with reporters in Seoul, Choi Ki-young said that while the country's AI sector is currently trailing global leaders, the country's advanced infrastructure in information and communication technology should allow it catch up rapidly going forward. The top policymaker for science
Nov. 18, 2019
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S. Korea sees lowest trade deficit with Japan in 16 years
Amid growing trade tensions between the two neighboring nations, South Korea’s trade deficit with Japan is expected to hit the lowest level in 16 years, according to government data. In the January-October period this year, Korea’s trade deficit with Japan stood at $16.3 billion, down 20 percent on-year, the smallest deficit with the neighboring nation since 2003, according to the Industry Ministry. Korea’s exports to Japan amounted to $23 billion, down 6.5 percent from a year
Nov. 18, 2019
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S. Korea to grant smaller firms grace period on 52-hour policy
South Korea plans to apply a grace period for smaller firms in adopting the 52-hour workweek system, the labor minister said Monday, reflecting concerns over financial costs and a legislative deadlock at the National Assembly."In the case (the policies) are not legislated, the government will push for all possible measures focusing on areas that (companies are) struggling within the extent of not harming the intent of the 52-hour workweek system," Lee Jae-kap, minister of employment an
Nov. 18, 2019