Most Popular
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[KH Explains] No more 'Michael' at Kakao Games
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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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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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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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KT launches new mobile plans for foreign residents
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SoftBank's Yahoo Japan to merge with Line app operator
TOKYO (AFP) -- Japan's Z Holdings, formerly Yahoo Japan, will merge with mobile chat app operator Line, the firms said Monday, in a bid to boost the customer base for their digital services.Mobile operator SoftBank Corp, the parent of Z Holdings, and South Korea's Naver, Line's parent company, agreed the merger of ZHD and Line, SoftBank and Naver said in a joint statement.Line will be delisted after SoftBank and Naver make a tender offer, with the merger expected to happen in October 2020.The de
Nov. 18, 2019
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S. Korea's trade deficit with Japan tipped to hit 16-year low this year
South Korea's trade deficit with Japan is expected to sink to a 16-year low in 2019 due to a tumble in imports, data showed Monday.Seoul posted a trade deficit of $16.37 billion with Tokyo in the first 10 months of this year, down 20.6 percent from a year earlier, according to the data from the industry and trade ministry and the Korea International Trade Association.It marks the lowest trade deficit with the neighboring country for the January-October period since the red ink of $15.57 billion
Nov. 18, 2019
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[Graphic News] S. Korea recaptures No. 1 spot in shipbuilding orders
South Korea recaptured the top spot in global shipbuilding orders last month, industry data showed, on the back of its dominance in the liquefied natural gas carrier market. In October, local shipyards, led by Hyundai Heavy Industries, won orders totaling 1.29 million compensated gross tons to build 17 ships, accounting for 86 percent of the orders placed around the globe, according to London-based Clarkson Research Services, the world’s leading provider of data for the shipping and ship
Nov. 17, 2019
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[Herald Interview] Royal Salute adds artistic touch to its blend Scotch whisky
After unveiling a new look for its signature 21-year-old Scotch whisky which depicts the royal heritage and Britishness of the brand, Royal Salute has joined hands with an Icelandic artist and held a visual art exhibition in Seoul.Offering Korean consumers the chance to fully understand the colorful, rich heritage that the Royal Salute brand embraces, the latest exhibition includes Kristjana S. Williams’ illustrations. Her drawings feature the characters from the Royal Menagerie at the Tow
Nov. 17, 2019
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Luxury fashion powerhouses rush into S. Korean
When it comes to purchasing luxury and premium products and services, South Koreans are almost on par with other major countries. Indeed, South Koreans' love for luxury goods is astonishing, and that's why high-end brands, which are known to stick to their heritage and tradition, have recently taken new and innovative moves in South Korea, such as opening pop-up stores and putting on world-exclusive fashion shows. Louis Vuitton, listed by Forbes as the most powerful luxury brand, open
Nov. 17, 2019
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[From the Scene] Disabled gamers give G-Star thumbs up
BUSAN – Gaming’s power for social inclusivity was one of the many things on show at the the 15th annual game expo G-Star 2019 in Busan last week, with visitors with physical disabilities experiencing improved access. Among the crowd at the city’s Bexco center were visitors in wheelchairs watching live e-sports. “This is my third year coming to G-Star. I’m enjoying the event without encountering any major issues,” said 29-year-old Lee Shim-hoon, who has a first
Nov. 17, 2019
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[Contribution] Green future carved by Korea, ASEAN
What a gathering indeed. On one lucidly red and yellow-tinged autumn day, ministerial-level forestry officials of Korea and 10 ASEAN members gathered in Seoul to discuss ways forward for their reciprocal forest cooperation. The high-level meeting on forestry held on Oct. 31, prior to the 2019 ASEAN-ROK Commemorative Summit and the 1st Mekong-ROK Summit, was an auspicious occasion under the theme “Our Forests for Prosperity and Peace.” South Korean President Moon Jae-in added weight t
Nov. 17, 2019
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‘Multilateral trade system on the cusp of major change’
The global trade paradigm is shifting with the multilateral trade system supported by the World Trade Organization about to be replaced by a new system involving overlapping trade deals of regions and sectors, according to a new report of the Korea International Trade Association on Sunday.“The multilateral trade system -- in which 164 countries follow a unified trade order through the WTO -- has steadily been weakening,” said Je Hyun-jung, a senior researcher at KITA. “If
Nov. 17, 2019
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Korean Air flight delayed after collision at Frankfurt Airport
Korean Air flight KE 905 collided with another plane on the taxiway in Frankfurt, Germany, on Saturday, delaying the subsequent flight bound for Incheon, the air carrier said Sunday. The incident involving the flight that departed from Incheon occurred Saturday at 6:20 p.m. (local time). While waiting on the taxiway after landing at Frankfurt Airport, the airplane’s horizontal stabilizer located at its right wing crashed into the end of an Air Namibia’s plane left wing.According
Nov. 17, 2019
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Samsung Electronics' first labor union under umbrella group sets sail
Samsung Electronics Co.'s first labor union under a major South Korean umbrella union group set sail Saturday.The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later. The union did not unveil the number of its members, but it is known to hover around 500. The union said its first goal is to recruit 10,000 members and that it plans to demand negotiations to the company on
Nov. 16, 2019
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US trade body likely to rule against Hanwha Q Cells in patent case; panel maker to ‘appeal immediately’
South Korean solar panel manufacturer Hanwha Q Cells received a preliminary notice from the US International Trade Commission indicating that the US body regards as unfounded the company’s patent infringement complaints against other foreign solar energy companies, the firm confirmed Friday. The USITC is set to announce an official ruling in about two weeks. Hanwha said it would “appeal immediately” if the decision were to be finalized. The reasoning behind the USITC’s pr
Nov. 15, 2019
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CJ ENM, Walt Disney neck-and-neck at S. Korean box office
Two film distributing powerhouses, CJ ENM and Walt Disney Company Korea, were neck-and-neck at the South Korean box office in the first 10 months of this year, data showed Friday.In January to October, CJ ENM, an entertainment unit of CJ Group, distributed 13 films, garnering 45.4 million admissions and taking up 24.5 percent of the total tickets sold.Walt Disney Company Korea, the local unit of the U.S.-based media titan, also managed 13 movies, which attracted 45.2 million moviegoers with a ma
Nov. 15, 2019
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Samsung's smartphone share in Japan nearly triples in Q3
Samsung Electronics Co.'s share in the Japanese smartphone market nearly tripled in the third quarter from a year earlier thanks to robust sales of new models, industry data showed Monday. The Korean tech giant shipped about 500,000 smartphones in Japan in the July-September period to take up 6.7 percent of the country's smartphone market, according to the data compiled by Strategy Analytics. The third-quarter figure was sharply up from 2.4 percent from a year ago, while slipping from the
Nov. 15, 2019
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G-Star 2019 sees record attendance from 36 countries
BUSAN -- Korea’s annual game exhibition G-Star 2019 kicked off Thursday with a record number of participants at Bexco in Busan.The event had 3,208 booths representing 691 companies from 36 countries, the biggest so far for the 15-year-old industry showcase and an 8.2 percent growth from a year earlier, the organizers said. G-Star runs through Sunday, at two halls respectively holding business-to-consumer and business-to-business booths.On the sidelines of the exhibit are G-Con game co
Nov. 14, 2019
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Icelandic game company CEO says he prepared for Korean market for 20 years
BUSAN -- Icelandic game company CCP’s CEO Hilmar Petursson said at G-Star 2019 on Thursday that the launch of the Korean-language version of Eve Online was a 20-year dream come true. CCP, acquired in 2018 by South Korean game company Pearl Abyss, officially launched the game in Korea concurrently with the opening of the annual game exhibition here.“It’s a proud moment for all of us and especially for me, because I have been preparing for this moment for 20 years,” Peturss
Nov. 14, 2019
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S. Korea to increase budgetary support for display sector amid trade row with Japan
South Korea's industry minister said Thursday that the government will increase its budget to support the local display-making sector next year in a move to keep the country's leading position in the key industrial segment.Sung Yun-mo, minister of trade, industry and energy, said the budget hike is meant, among other things, to support the development of next-generation technologies and their performance evaluation of smaller display manufacturers. He did not provide details on the proposed budg
Nov. 14, 2019
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[Herald Interview] ‘Korea should expedite knowledge-based assets development’
Amid the tough business environment and deteriorating trade situation following worldwide conflicts, South Korea should expedite the development of knowledge-based assets and increase independence in related technologies to compete globally, according to the intellectual property office chief. “Advanced countries have been bolstering their industry dominance based on knowledge-based assets. Especially, a growing number of foreign companies have been preoccupying patents that are close
Nov. 14, 2019
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[News Focus] Concerns mount over 52-hour workweek at SMEs
Pressure is mounting on the Moon Jae-in administration and the National Assembly to tweak the mandatory 52-hour workweek regulation for companies, especially by small and medium-sized companies which are “not yet ready” to embrace it. From January next year, companies with less than 300 employees will have to abide by the new workweek regulation. Large firms with more than 300 workers have been following the rule since July 2018. If a company violates it, the employer can face up to
Nov. 14, 2019
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Naver says Japanese affiliate Line in talks for merger with Yahoo Japan
Naver Corp., South Korea's No. 1 internet portal, said Thursday that its Japanese chat app Line and internet portal Yahoo Japan have been in talks for a potential merger in a move that could form Japan's largest internet platform.Naver, which holds a 73 percent stake in Line, said it and Japanese telecom giant Softbank, which owns 45 percent of Yahoo's parent company Z Holdings, have been discussing a merger deal."Line has been considering various proposals to boost business competitiveness
Nov. 14, 2019
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LG Chem seeks USITC’s default judgement against SK Innovation
In the latest development of dispute between two South Korean battery makers, LG Chem said Thursday it had requested court intervention by the US International Trade Commission, alleging that SK Innovation attempted to destroy key evidence.“Circumstances show that SK Innovation, ever since it has filed suit, has continued systematic attempts to destroy evidence, such as sending out email instructions to employees to destroy related evidence,” LG Chem said in a statement.The company s
Nov. 14, 2019