Most Popular
-
1
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
2
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
3
Army takes group action against Hybe for neglecting BTS
-
4
Some junior doctors are returning: Health Ministry
-
5
Debate rages over ‘overly fatty’ samgyeopsal
-
6
Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
-
7
[Weekender] Korean psyche untangled: Musok
-
8
Naver will consider company benefits in deciding on selling Line shares: CEO
-
9
Woman dangling from power lines rescued by residents holding blanket
-
10
Hyundai Motor aims to lead hydrogen truck business in US
-
LG CNS teaches coding to young people
LG CNS will provide free coding training to elementary and middle school students from Tuesday at Sejong University as part of its corporate outreach, the company said Tuesday.The four-day, three-night “IT Dream Project” is LG CNS’ yearly summer project that began in 2017. LG CNS has so far provided the program to some 7,500 middle school students across 60 schools in Korea.“The advent of mandatory coding classes from elementary school has led to a market for costly priva
July 23, 2019
-
Market analysts forecast retail industry sales dip in Q2
South Korea’s major retailers and e-commerce companies such as E-mart, Lotte Mart and Coupang are likely to see their sales and performance having deteriorated in the second quarter, according to market analysts on Tuesday.Stock analysts said Tuesday that the industry’s top discount store chain operator E-mart is highly likely to run into the red in the second quarter, recording about 4.7 billion won ($3.9 million), or up to 10.5 billion won, in losses from operations. “E
July 23, 2019
-
[Herald Interview] Royal Salute goes younger with modern twist to lineup
It is no easy decision for a brand to abandon its original concept and transform a product lineup, especially when it comes to a luxury whisky.Royal Salute, whose distillery dates back to 1801, is best known for being the only scotch whisky in the world with a lineup that begins from 21 years of maturity. The Royal Salute 21 Year Old was launched in 1953 to commemorate the coronation of Queen Elizabeth II, named after the traditional 21-gun salute.Making a twist to its rich heritage, the br
July 22, 2019
-
BAT Korea names first Korean CEO
British American Tobacco Group has named Kim Eui-soung, a cross-border industry marketing expert, as new chief executive officer and president of its South Korean unit, the company said Monday.Kim replaces Matthieu Juery who led BAT Korea for two years, becoming the first Korean head of the tobacco maker’s local unit launched 29 years ago. The change comes amid intensifying market competition in the fast-changing tobacco market here along with the rise of new types of cigarettes. BAT Korea
July 22, 2019
-
Japan travel bookings by S. Koreans halve on trade row
A growing number of South Koreans are changing their holiday destinations from Japan to other countries, with a major travel agency on Monday saying demand for tours fell nearly 50 percent, along with increasing booking cancellations. A boycott of Japanese products, fueled by Tokyo’s decision to curb exports of high-tech materials to Seoul, has spread to the tourism sector, causing Koreans to turn away from the popular travel destination. Since July 8, a daily average of 500 cons
July 22, 2019
-
Senior trade official to represent Korea at WTO over dispute with Japan
Amid escalating trade tension between South Korea and Japan, the Trade Ministry here said Monday its senior official would participate in the World Trade Organization’s General Council on Tuesday to better respond at the scene due to the gravity of the issue. Kim Seung-ho, deputy minister for multilateral and legal affairs, will participate in the general council, the highest decision-making body, in Geneva. The council is slated to discuss the two nations’ trade dispute at its meeti
July 22, 2019
-
Uniqlo apologizes for remarks that angered S. Korean consumers
Fast Retailing Co., which owns Japanese fashion brand Uniqlo, on Monday issued an apology for remarks by its executive that have drawn criticism from South Korean consumers amid ongoing trade friction between Tokyo and Seoul.On July 11, Takeshi Okazaki, CFO of the Tokyo-based fast fashion brand, said during an earnings press call that the impact of the current boycott by South Korean customers of Japanese goods will not last long.In a statement released both in Korean and Japanese, Uniqlo apolog
July 22, 2019
-
Chief of Korean memory chip maker flies to Japan amid trade row
Lee Seok-hee, the CEO of South Korean memory chip maker SK hynix Inc., flew to Japan Sunday to discuss resourcing in the wake of the Japanese government's tighter regulation on exports of critical semiconductor materials to South Korea. Early this month, Japan imposed stricter regulations on exports to South Korea of three materials -- resist, etching gas and fluorinated polyimide that are critical for the production of semiconductors and flexible displays. Tokyo is reportedly planning to expand
July 21, 2019
-
Korea to make all-out efforts to lift Japan’s export restrictions
South Korea is sparing no efforts to persuade the international community to press Japan to withdraw its export restrictions on hi-tech materials and impugn Tokyo’s reasoning behind its retaliatory measures. Early this month, Japan announced it would curb exports on Korea’s hi-tech materials crucial to the production of chips and display panels. It also said it plans to remove South Korea from a whitelist of 27 countries that receive preferential treatment for trade with Japan. The J
July 21, 2019
-
Chong Kun Dang, Dong-A ST to launch Nesp biosimilars in Japan in H2
Korean biopharma firms Chong Kun Dang and Dong-A ST expect to launch their biosimilars in Japan without a headwind, despite escalating trade strife, as their drugs will be represented by Japanese partner firms. The erythropoietin drug Nesp, for which the patent expires in Japan this year, is a catalyst for red blood cell production and can treat anemia from chronic renal failure or anticancer treatments.The original drug is a joint venture of US’ Amgen and Japan’s Kyowa Hakko Kirin.
July 21, 2019
-
[Feature] How far are we from printing hearts for transplant?
Three-dimensional printing of human organs is not some far-fetched fiction. Active research of the relevant technologies has gained pace around the globe, especially here in South Korea, where the academia, industry and government are paying keen attention to the convergence of medicine, mechanical and computer engineering. For now, Korean technology has come as far as printing skins with cell-encapsulated bioink to replace animal tests.(Video shot by Choi Ji-won and Lim Jeong-yeo, edited by Lim
July 21, 2019
-
Korea Gas Corp. seeks to expand global presence
State-run Korea Gas Corp. (Kogas) is expanding its global presence in the liquefied natural gas market with its robust technologies and overseas networks. The company is currently participating in 25 global projects in 13 nations, including the exploration, development and production of natural gas. It also includes liquefaction of LNG and the construction and operation of gas pipelines and terminals overseas. Last year, Kogas sold 36 million tons of LNG in Korea after purchasing from Qatar
July 21, 2019
-
2 SK Innovation subsidiaries acquire 35% stake in Myanmar’s BOC
SK Innovation said Friday that two of its subsidiaries, SK Energy and SK Trading International, have acquired a combined 35 percent stake in Best Oil Co., the second-largest oil retailer in Myanmar. The two companies spent about 150 billion won ($127.7 million) to hold 17.5 percent of BOC’s shares each. BOC has market share of 17 percent in Myanmar’s oil retail market.The deal was aimed at securing stable exports and a trading destination, and making inroads into the foreign ret
July 21, 2019
-
[Advertorial] LG Chem contributes to society’s sustainable development
LG Chem, the chemical and biopharma business unit of South Korea’s LG Group, has been contributing to social welfare by carrying out a slew of projects supporting education and green energy in line with the United Nation’s Sustainable Development Goals. The firm has been especially focusing on developing its program for elementary and middle school students, utilizing its expertise. It runs an experience center where students can participate in various science experiments categ
July 21, 2019
-
Hyundai Mobis develops camera system to replace side mirrors
Hyundai Mobis Co., South Korea's largest auto parts maker, said Sunday it has developed a camera monitoring system that will replace side-view mirrors in next-generation vehicles. Three high-performance camera sensors inside the vehicle will not only increase driving safety by significantly reducing blind spots, and but also improve fuel efficiency as side-view mirrors will be hidden inside the car, Hyundai Mobis said in a statement. "The paradigm shift to the future car is demanding both f
July 21, 2019
-
Government eyeing increased workweek for localization of materials
The government said Friday that it is considering allowing selected people to work more than 52 hours per week for tests that are part of localization of key industrial materials.Last year, South Korea cut the maximum weekly working hours to 52 from the previous 68 to help people strike a balance between work and life.The government said workers in the sectors affected by Japan's export restrictions could be subject to the temporary exception. Since July 4, Japan tightened regulations on exports
July 19, 2019
-
Korean Air opens Cloud Command Center
South Korean full-service carrier Korean Air said Friday that it has opened the Cloud Command Center, which can manage and control all its server data, networks and security around the clock. According to the air carrier, this is the first time a Korean full-service carrier will operate its own IT system cloud. It is also the first time a top Korean conglomerates has adopted such a system. In November last year, Korean Air clinched a deal with LG CNS and Amazon Web Service to transfer its data
July 19, 2019
-
S. Korea to build world's largest floating solar farm
South Korea will build the world's largest floating solar farm in a fresh water lake next to Saemangeum, a reclaimed area on the west coast, the government said Thursday.The Ministry of Trade, Industry and Energy said the project to build a 2.1 gigawatt (GW) solar farm on the lake that spans 30 square kilometers was approved in an electricity committee meeting, with the project estimated to cost 4.6 trillion won (US$3.9 billion). Work on the solar farm is expected to start in the latter half of
July 18, 2019
-
Volvo, Samsung SDI to co-develop battery packs for electric trucks
Volvo Group said Thursday it has entered into a strategic alliance with Samsung SDI to develop battery packs for electric trucks. The Swedish automaker said the alliance will cover joint development of battery packs specifically developed for its models. While Samsung SDI intends to provide battery cells and modules to meet the demand for the automaker’s electric trucks, Volvo will utilize the battery pack technology for assembly in its plants. “The alliance with Samsung SDI is
July 18, 2019
-
KIPO arrests counterfeiters of ‘Song Joong-ki facial masks’
Ten suspects behind the illegal manufacturing and distribution of counterfeit facial masks, which used pictures of actor Song Joong-ki without permission, were arrested on charges of trademark infringement, the Korean Intellectual Property Office said Thursday.The suspects had distributed more than 6 million sheets of counterfeit facial masks worth 20 billion won ($17.29 million) since April 2017, according to the Special Judicial Police under KIPO. All the products were seized upon their arrest
July 18, 2019