Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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Army takes group action against Hybe for neglecting BTS
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Some junior doctors are returning: Health Ministry
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Naver will consider company benefits in deciding on selling Line shares: CEO
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Woman dangling from power lines rescued by residents holding blanket
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S. Korean airlines reduce flights to Japan amid trade row
South Korean airlines have suspended services or plan to reduce the number of flights on some Japanese routes as outbound travel demand falls amid escalating trade tensions with the neighboring country. On July 30, Asiana Airlines said it will reduce the number of flights on the routes to Japanese destinations, such as Fukuoka, Osaka and Okinawa, starting from mid-September. Asiana is the latest among local airlines that have decided to readjust flight schedules to Japan as an
July 30, 2019
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[Advertorial] LS Cable & System replaces PVC cables with eco-friendly alternative
LS Cable & System announced Tuesday the launch of a series of safety-enhanced “green cables” that are eco-friendly and less vulnerable to fires.The newly developed HFIX+ cables replace existing polyvinyl chloride cables, and are more fire resistant by emitting less toxic gases when exposed to fires, the company said. According to the company, the current standards for fire resistant cables in South Korea are lower than that in other advanced countries. The company said its green
July 30, 2019
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Nongshim to sell ‘Non-frying Shin Ramyun’ in US
South Korean food company Nongshim said Tuesday it will be releasing its Non-frying Shin Ramyun product in the United States.It is currently in the process of sending out 50,000 boxes of the ramen -- amounting to 1.6 million packs -- to secure a sales network reaching major parts of the US between September and the year’s end.The new product applies air-drying technology to its flagship product, Shin Ramyun noodles, in order to provide a healthier, non-fried alternative to its famous ramen
July 30, 2019
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Korean Air to suspend Busan-Sapporo route amid trade tension
Korean Air, South Korea’s top carrier, said Monday it will suspend its Busan-Sapporo route from September as travel demand to Japan declines amid escalating trade tension between the two nations. The carrier plans to cease its three regular weekly flights between the Korean southern port city and the northeastern Japanese city beginning Sept. 3, a company spokeswoman said. “We will provide domestic flight services to bring those who have booked the Busan-Sapporo route to Incheon Inte
July 29, 2019
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Korean pharmacists boycott Japanese OTC medicines
Regional associations of Korean pharmacists are boycotting imported over-the-counter drugs from Japan, recommending Korean alternative products to patients.Some of the popular Japanese OTC drugs in Korea include: Takeda Pharmaceutical’s fatigue-restoring vitamin Actinium; teardrop solution Rohto; stomatitis treatment Albothyl; cold remedy Whituben; Kobayashi Medicine’s eye-cleaning agent Eyebon; Nichiban’s first-aid bandage Careleaves; and Kowa’s digestion medicine Cabagi
July 29, 2019
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South Korea beset by escalating trade tensions
South Korea faces economic disruption as Japan moves to tighten export curbs on materials necessary for local tech frms, along with fresh objections raised by the US that could hurt the domestic agricultural sector.Japan is likely to remove Korea from a whitelist of 27 countries that receive preferential treatment in trade after a Cabinet meeting Friday, major Japanese media outlets reported Monday. Tokyo gathered public opinion on its decision to remove Korea from the whitelist last week. A maj
July 29, 2019
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Daewoo E&C starts sales of deluxe apartments
Daewoo Engineering & Construction said Monday it will start sales of its new premium apartments located in Gwacheon, Gyeonggi Province.Gwacheon Prugio Summit is a complex of 32 apartment blocks with seven different apartment floor plans to choose from. Starting from 254 units of 59 square meters, sizes range all the way to 151 square meters.Unlike other similar complexes that have been renovated, the new complex in Gwacheon is designed with luxurious features.Residents will get to enjoy Euro
July 29, 2019
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[Herald Interview] Embraer offers Korean budget airlines more profitability with smaller planes
Amid the expanding market size of budget airlines following the South Korean government’s approval of three additional low-cost carriers earlier this year, they have become the most-preferred travel option for Koreans due to their low costs and widespread connectivity. Competition among LCCs is growing intense, with more air carriers stretching their services by introducing larger, long-haul aircrafts as well as premium seats such as Jeju Air’s “New Class.”But accord
July 29, 2019
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OB denies reports of AB InBev’s plan to sell stake
South Korea’s Oriental Brewery on Monday denied news reports that its parent Belgian company AB InBev is seeking to sell its majority stake. According to local media reports, AB InBev -- which acquired OB for $5.8 billion in 2014 -- has been contacting local retail conglomerates such as Lotte and Shinsegae, as well as private equity funds via foreign securities companies to sell its stake. The deal could be worth some 9 trillion won ($7.65 billion). But OB has flatly denied such
July 29, 2019
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[From the Scene] Posco steels itself for green car era
SONGDO, Incheon – As vehicles increasingly shift from gasoline to electric power, attention is turning to whether lighter materials such as carbon fiber reinforced polymers and aluminum will replace steel in car parts, frames and bodywork. But South Korean steel giant Posco thinks there is hope for steel yet. It is aiming to keep carmaker clients by offering lighter but stronger kinds of steel. The strategy comes thanks to a highly engineered marketing solution devised by its research and
July 28, 2019
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Hyundai Glovis opens first SE Asia office in Vietnam
Hyundai Motor Group’s logistics arm Hyundai Glovis is widening its overseas presence by opening its first Southeast Asian office in Vietnam.Hyundai Glovis Vietnam, which was launched Thursday, will serve as a bridgehead for the company to expand its business in the region, the firm said.The company will focus on transporting automotive and nonautomotive products such as food, cold chain products, textile and clothing. It will also supply auto parts to a local factory which has an annual ou
July 28, 2019
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Lotte Duty Free opens third store in Vietnam
Lotte Duty Free said Sunday that its third duty-free store in Vietnam has opened at Hanoi’s Noi Bai International Airport, a year after its second outlet was launched in Nha Trang. Spanning over 506 square meters, the store inside the departure area in Hanoi Airport sells perfumes, cosmetics, liquor, tobacco, food, and more, from 90 brands. It also exclusively sells products from 21 brands including South Korea’s History of Whoo. The duty-free operator said it expects sales at t
July 28, 2019
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[Advertorial] Citibank Korea participate in 22nd Habitat volunteer program
Citibank Korea said Sunday it has carried out its 22nd annual charity and volunteering program “Citi Building Hope and Home” through its partnership with Habitat for Humanity Korea.The South Korean unit of the international banking giant said employees and their families visited a Habitat building site in Cheonan, South Chungcheong Province, from Tuesday to Friday, to deliver donations and build homes for the homeless. The program has so far been joined by some 1,700 employees and th
July 28, 2019
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Trade minister returns home after consulting with US over Japan's trade curbs
South Korean Trade Minister Yoo Myung-hee returned home from the United States on Saturday after asking for Washington's support and mediation in Seoul's fight against export controls by Japan.During her five-day visit, Yoo met various political and business officials in Washington, including US Commerce Secretary Wilbur Ross, to highlight that Tokyo's restrictions are not acceptable. Starting this month, without prior notice, Japan implemented strict regulations for exports of three key materia
July 27, 2019
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SK Innovation Q2 net more than halves on weak margins
SK Innovation Co., South Korea's top oil refiner, said Friday that its second-quarter net profit tumbled 67 percent from a year earlier on weak refining margins. Net profit stood at 168.9 billion won ($142 million) on a consolidated basis in the April-June period, compared with 512.6 billion won a year earlier, the company said in a regulatory filing. Operating income plunged 41.6 percent on-year to reach 497.5 billion won in the second quarter, with sales declining 2.5 percent on-ye
July 26, 2019
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Watch LoL from in-game character perspective, says SKT
Telecommunications firm SKT is giving users a new option to watch League of Legends matches from an in-game champion’s perspective, the company announced Friday. Users subscribed to SKT’s 5G plan can put on goggles to enjoy three new services. Jump AR lets users virtually access the LoL Park stadium in Jongno, Seoul, from anywhere. VR Livestream broadcasts the LoL Championship Korea competition in virtual reality. And VR Replay enables viewers to watch the match from a champion&rsquo
July 26, 2019
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Anycos’ QR code packaging to help prevent copycat products
The market for packaging has grown along with the popularity of online shopping, deliveries and home meal replacements. Korean food manufacturing giant CJ projected that sales of home meal replacements would triple from 240 billion won ($203 million) in 2017 to 700 billion won by 2020. Tapping into this trend, Anycos, which opened a factory in January in Hwaseong, Gyeonggi Province, is prepared to annually manufacture roughly 40 million meters of plastic packaging materials for food, cosmetics a
July 26, 2019
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Trade minister reaches out to US politicians, businesses over Japan’s export curbs
Trade Minister Yoo Myung-hee warned that Tokyo’s trade measures will set a “risky precedent” while seeking cooperation from US politicians, think tanks and trade organizations over Japan’s export restrictions, the ministry said Friday.During her visit to the US from Tuesday to Thursday, the trade minister met with US politicians, including Commerce Secretary Wilbur Ross, Foreign Affairs Chairman Eliot Engel and Texas Congressman Michael McCaul, as well as think tanks, inc
July 26, 2019
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Samsung narrows gap with Xiaomi in India's smartphone market in Q2
Samsung Electronics Co. remained the second-largest smartphone vendor in India behind Xiaomi in the second quarter, but the Korean tech giant closed the gap with its Chinese rival with a reinforced budget lineup, industry data showed Friday. Xiaomi shipped 10.2 million smartphones in India in the April-June period for a 28.7 percent market share, according to market research firm Strategy Analytics. Samsung Electronics shipped 9.4 million units, 26.3 percent of the total, in the period, putting
July 26, 2019
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Imported commercial car sales plunge 31% in June
Sales of imported commercial vehicles in South Korea plunged 31 percent last month from a year earlier as demand fell further amid an economic slowdown, a trade association said Friday.The number of newly registered imported commercial vehicles fell to 277 units in June from 399 the previous year, according to the Korea Automobile Importers and Distributors Association.In the January-June period, imported commercial car sales declined 14 percent to 2,024 autos from 2,364 in the same period of 20
July 26, 2019