President says special envoys help fill diplomatic hiatus

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Korean Air workers allow company to decide wage increase in 2017

Unionized workers at Korean Air Lines Co. will allow the company to decide on the wage increase for 2017 to better help the national flag carrier make a turnaround this year, the airline said Friday....

Updated : 2017.05.19 11:30

Trade body says Korea should prepare for influx of Chinese travelers

South Korea needs to prepare for an influx of Chinese travelers again once the diplomatic tension over the US missile defense system deployment settles down, a local trade group said Friday. The Sha...

Updated : 2017.05.19 10:35

New budget guidelines focus on job creation, income hike

The revised guidelines for the 2018 state budget is designed to center around the pledges of the new government including job creation and a hike in household income, the finance ministry said Friday...

Updated : 2017.05.19 09:48

Lotte chief receives Spanish order

Lotte Group Chairman Shin Dong-bin has been awarded a royal medal by the King of Spain for his contributions to the enrichment of bilateral trades through business investment, Lotte said Friday. Shi...

Updated : 2017.05.19 09:47

Wanted: Japan Inc. seeks talented Koreans

For many old South Koreans, Japan has been an uncomfortable neighbor due to memories of Tokyo's harsh colonial rule over the Korean Peninsula in the first half of the 20th century. But lingering res...

Updated : 2017.05.19 09:43

Over 70% of listed firms based in capital area

More than 7 in 10 South Korean listed companies are headquartered in Seoul and its vicinity, pointing to the excessive concentration of wealth in the capital area, data showed Friday. The overconcen...

Updated : 2017.05.19 09:41

[Herald Interview] Casino expert stresses convergence of gaming and nongaming industry

MACAU -- Amid Macau’s gaming revenue comeback this year following three consecutive years of financial blunders, the annual three-day Global Gaming Expo Asia concluded Thursday with experts eager fo...

Updated : 2017.05.18 17:41

What chaebol sniper’s rise as FTC head means for Samsung

Mixed reactions lingered Thursday in Samsung following the nomination of a chaebol expert, who was at the forefront of attacking Samsung’s three-generation governance structure, to head the nation’...

Updated : 2017.05.18 16:52

Energy firms on alert over shutdown plan of coal-fired power plants

South Korea’s energy companies are on alert, as President Moon Jae-in appears determined to carry out his pledge to cut fine dust emissions by 30 percent by reducing the number of coal-fired power p...

Updated : 2017.05.18 15:52

KAC opens Olympic promotion booth in Haneda Airport

Korea Airports Corp. held an opening ceremony for a booth promoting the Winter Olympic Games in PyeongChang and tourism to Korea at Tokyo Haneda Airport in Japan Thursday. (From left) Park Sam-koo, ...

Updated : 2017.05.18 15:49

Tobacco industry gears up for smoke-free battle

The tobacco industry is gearing up for a battle to capture the market for smoke-free alternatives to traditional cigarettes. Marlboro maker Philip Morris made the first move Wednesday with the annou...

Updated : 2017.05.18 15:46

Samsung's quad-edge flexible display wins award

Samsung Display Co. said Thursday its quad-edge organic light-emitting diode display won an award from a major industrial organization. The South Korean company said its quad-edge OLED display won t...

Updated : 2017.05.18 11:25

Samsung Electronics to release new tablet PC

Samsung Electronics Co. said it has started selling a new tablet PC on Thursday, which runs on the Windows 10 operating system. The South Korean tech giant kicked off sales of the Galaxy Book, which...

Updated : 2017.05.18 11:19

Egg prices rise on supply concerns

Local egg prices were rising again with the country yet to stabilize the market following the latest outbreak of bird flu, officials said Thursday. The Korea Agro-Fisheries & Food Trade Corp. said a...

Updated : 2017.05.18 10:13

China expands presence in Indian handset market, threatens Samsung

Chinese tech companies are gradually expanding sales in India, industry data showed Thursday, and starting to threaten Samsung Electronics Co., which is currently the leading player in the subcontine...

Updated : 2017.05.18 10:11