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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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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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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Liberal bloc moves to rewrite student rights ordinance
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[Advertising Awards] SK Telecom goes global with 5G roaming connectivity
CORPORATE PR AWARDS/ GRAND PRIZESK TELECOMBy Yong Chul-yoonExecutive vice president of Communication CenterEarlier this year, SK Telecom’s innovative roaming service Baro won the best mobile technology breakthrough award in Asia at the 2019 Asian Mobile Awards. The event, held as part of this year’s Mobile World Congress in Shanghai, is Asia’s most prestigious award for the mobile and telecommunication industry. It is hosted by the GSM Association, which runs the annual MWC.&nb
Oct. 29, 2019
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Seoul’s office space market to remain strong despite dampening factors
Despite the slowing economy and pessimistic growth outlook, Seoul’s commercial real estate market is expected to maintain its momentum throughout 2019-2020, according to key global real-estate service providers here.Both CBRE Korea and JLL Korea said in their recent quarterly real estate reports that the vacancy rate for Seoul’s grade A offices would remain in the single digit as of the third quarter this year. CBRE’s figure came to 8.9 percent, down 1.5 percentage point on-qua
Oct. 29, 2019
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Asiana starts regular Kaohsiung, Phu Quoc routes
Asiana Airlines said Tuesday it has converted the irregular Incheon-Kaohsiung and Incheon-Phu Quoc operations into regular routes.The flights to Kaohsiung in Taiwan will be operated seven times a week, and the flights to Phu Quoc, Vietnam, will be operated four times a week. Asiana said it held a ceremony at the Incheon International Airport’s Terminal 1 to celebrate the launch of the new regular routes on Monday. By Kim Da-sol (ddd@heraldcorp.com)
Oct. 29, 2019
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[Advertising Awards] Switching to the age of personal advertising media
We are now facing the biggest turn in history. What we are confronting is a fundamental change, in which everything we thought was true over the past 100 years is on the verge of collapse. The advertising industry can be no exception. It is now more likely than ever that the basic principles of advertising -- those set forth in marketing textbooks for decades -- will undergo changes.Rise of millennials, evolution of personal mediaAdvertising is a means of communication that delivers creative con
Oct. 29, 2019
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Cut the card: Smartphone service to provide digitized ID
With a view to enhance the efficiency of public services, the government said Tuesday citizens will soon be able to store digital versions of their important documents, including identification cards, in smartphones for verification. During a joint press briefing in Seoul, the Ministry of Interior and Safety and other related agencies announced extensive plans for the digital transformation. The government pledged to use advanced technology in improving its public services and social welfare pr
Oct. 29, 2019
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[Advertising Awards] Woongjin Coway prioritizes clean, healthy lifestyle
MARKETING AWARDS/ GOLD PRIZEWOONGJIN COWAYBy Kim Hyoung-kwonMarketing division director and executive directorWe appreciate being selected for The Korea Herald’s Advertising Awards this year. Woongjin Coway is a life care company that aims to create a healthy and convenient lifestyle. We are doing our best to make our customers enjoy a safe living environment including water, air and sleep. Amid growing public concerns over fine dust particles each year, air purifiers have become
Oct. 29, 2019
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Hyundai Oilbank patents manufacturing process for Very Low Sulfur Fuel Oil
Hyundai Oilbank has developed and patented an original manufacturing process for its Very Low Sulfur Fuel Oil, the company said Tuesday.Sales of Hyundai Oilbank’s new fuel will begin in November as a preemptive solution to the imminent application of IMO 2020. IMO 2020 is the new guideline from the International Maritime Organization that caps the sulfur level in marine fuel oil at 0.5 percent starting Jan. 1, 2020. It calls for over 80 percent reduction of sulfur emissions from the marine
Oct. 29, 2019
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Next-generation Audi A6 debuts with high hopes
The eighth-generation Audi A6 sedan that was launched recently is expected to boost the German carmaker’s market share and augment its premium brand image here, according to a top Audi Korea executive Tuesday. The new Audi A6 45TFSI Qauttro and its premium version model which were launched on Oct. 23 saw their first upgrade in eight years. “The midsized premium sedan segment sees the fiercest competition in South Korea among imported vehicles. We expect to deliver Audi’s
Oct. 29, 2019
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HHI-DSME merger gets approval in Kazakhstan
Kazakhstan’s competition authority has recently notified its approval of the merger between the world’s two largest shipbuilders, said Hyundai Heavy Industries on Tuesday. According to HHI, the Kazakhstan government approved the tie-up with Daewoo Shipbuilding & Marine Engineering after comprehensively reviewing the definition of related markets and evaluating competition limitations.This is the first approval for the tie-up as the plan is currently undergoing a review in five ot
Oct. 29, 2019
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Samsung SDI Q3 net up slightly on equity gains
Samsung SDI Co., a major battery maker in South Korea, said Tuesday its third-quarter net profit increased slightly due to gains from equity ties with its affiliates. Net profit for the July-September period stood at 217.3 billion won ($186 million), compared with 214 billion won from a year earlier, the company said in a regulatory filing. Sales rose 1.8 percent on-year to 2.56 trillion won in the third quarter, but operating profit plunged 31 percent on-year to 165 billion won in the cite
Oct. 29, 2019
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Duty-free stores join suspension of liquid e-cigs sales
South Korea’s major duty-free store operators including Shilla, Shinsegae and Lotte Duty Free decided to halt sales of liquid e-cigarettes Tuesday, following the government’s earlier warning against the use of the vaping devices over health concerns.Duty-free store operators said they are suspending sales of four types of flavored liquid e-cigs made by US tobacco startup Juul Labs, Siid Tundra made by a local tobacco maker KT&G and seven other kinds from Phix and Viento. The move
Oct. 28, 2019
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Prosecutors demand jail terms for Samsung execs in accounting fraud case
Prosecutors on Monday demanded jail terms of up to four years for Samsung Electronics and Samsung BioLogics executives on suspicion of destroying evidence in relation to allegations of accounting fraud at the country's biggest conglomerate."It is the biggest crime of evidence destruction in the history of South Korea given the number of people, the duration (of the crime) and the number of destroyed documents," prosecutors said in a hearing held at the Seoul Central District Court in s
Oct. 28, 2019
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Mirae Asset Daewoo wins sustainability award
Mirae Asset Daewoo received an award at the 2019 DJSI International Conference last week for appearing on the Dow Jones Sustainability World Index for an eighth consecutive year, the company said Monday.The Dow Jones Sustainability Indices, created in 1999 jointly by S&P Dow Jones and Robeco SAM, acknowledge the most sustainable companies across 61 industries in consideration of economic, environmental and social criteria. The DJSI serve as best-in-class benchmarks for investors, providing i
Oct. 28, 2019
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CJ bets big on dried seaweed as next K-food
South Korean food manufacturer CJ CheilJedang said Monday it is betting on dried seaweed as the next megahit food item for exports, following the popularity of its Bibigo dumplings.The company plans to double its dried seaweed sales by 2023, amid the expanding global market for the product. In recent years, crispy and flavorful seaweed has gained popularity overseas as a healthy snack, full of vitamins and minerals.CJ CheilJedang, which began marketing dried seaweed in 2006 and started exporting
Oct. 28, 2019
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S. Korean brands vulnerable to trademark infringement overseas: KIPO
South Korean brands are increasingly suffering from trademark infringement overseas, especially in Southeast Asia, according to the Korean Intellectual Property Office on Monday.As of July this year, 279 trademarks of Korean firms were acquired by a foreign party, KIPO said, citing data from the Global Brand Database of the World Intellectual Property Organization. The total number of suspected cases came to 1,140 in 62 countries worldwide.Of the total, 594 cases, or 52.1 percent, was in the Sou
Oct. 28, 2019
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South Korea’s top 1,000 firms spent W50tr on R&D last year
South Korea’s largest companies, including Samsung, Hyundai and LG, spent more on research and development and earned more in 2018 compared to the previous year, despite growing concerns about the slowing global economy, according to a local public institute on Monday. According to a new report released by the Korea Institute for Advancement of Technology under the Industry Ministry, the combined investment on research and development of 1,000 companies amounted to 49.7 trillion won ($42.5
Oct. 28, 2019
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Animal worming tablets ineffective as cancer therapy: MFDS
Using fenbendazole, a broad-spectrum drug used by veterinarians against gastrointestinal parasites --administered to sheep, cattle, horses, fish, dogs, cats, rabbits, and seals -- as treatment for cancer patients is inappropriate, the Korean Cancer Association and Ministry of Food and Drug Safety said Monday, citing lack of clinical data to vouch for its safety and efficacy.Fenbendazole’s purported oncological effects became a global sensation after multiple reports from terminal cancer pa
Oct. 28, 2019
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FTC probes Subway for power abuse allegations
South Korea’s antitrust watchdog is probing the US franchise Subway over an allegation that it forced a local franchisee to shut down his shop without a proper reason, said officials and local news reports Sunday. The Fair Trade Commission’s Seoul office recently concluded in its preliminary investigation that the American franchise might have violated the local franchise business law and filed the case to an in-house judging committee.The probe began as one store owner of Subway cha
Oct. 27, 2019
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Korean pharmas flock to CPhI Worldwide 2019
The 30th CPhI Worldwide 2019, the biggest global event of the year for the pharmaceutical industry, is set to take place at Messe Frankfurt in Germany from Nov. 5 to 7. Every year, CPhI brings together more than 100,000 pharmaceutical professionals to network for business opportunities at venues across Korea, China, Japan, Southeast Asia, the Middle East, Africa, North America and Europe.CPhI Korea held its fifth annual event in August at the Coex exhibition hall in Seoul. The main event in Euro
Oct. 27, 2019
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South Korea’s exports to turn around in 2020 Q1: report
South Korea’s declining exports are predicted to turn around in the first quarter of next year on the back of rising demand for chips and recovery in the global economy, a trade association said Sunday. “The nation’s exports are expected to bottom out this month and turn positive from the first quarter of next year due to the recovery in chip unit prices,” said Moon Byung-ki, a senior researcher at the Korea International Trade Association’s trend analysis division,
Oct. 27, 2019