Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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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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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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LG to support schools with 10,000 air purifiers amid fine dust pollution
South Korea’s LG Group will provide 10,000 air purifiers at elementary, middle and high school across the country free of charge amid the continued high levels of fine dust blanketing the country, the company said Tuesday.The conglomerate’s decision was shared via Korean Prime Minister Lee Nak-yeon’s social media post, “Vice Chairman Kwon Young-soo shared the news with me that was finalized at an executive-level meeting led by Chairman Koo Kwang-mo.”“Vice Chairman Kwon said (LG) ‘hopes to help t
March 12, 2019
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Bike-sharing biz heats up in Korea with Kakao, Socar joining
South Korea’s ride-sharing companies are expanding their business portfolios into electric bike-sharing, creating high expectations as municipalities scramble to introduce the service as an alternative to conventional transportation. The country’s major messenger app company, Kakao, has entered the e-bike sharing business with a new service called Kakao T Bike. The company began its service on Mar. 6 in Incheon and Seongnam, Gyeonggi Province. Socar, a Seoul-based car-sharing startup, also joine
March 12, 2019
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Nexon to release 10 new mobile games in H1
Nexon has 10 new mobile game releases on its timetable for the first half of 2019, the company announced Tuesday. Korea’s biggest game company is making use of its original intellectual property and popular foreign titles for various genres, ranging from role-playing games to puzzles.Of 14 major events Nexon has in store for the first half of 2019, four are global launches of games already being serviced in Korea. Nexon will introduce “Durango” globally in the first half in countries other than
March 12, 2019
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ISS backs Hyundai over dividend payouts
Institutional Shareholder Service, a global proxy advisory firm, has supported Hyundai Motor against its conflict with Elliott over special dividend payouts to shareholders.ISS said in a statement that it doesn’t support Elliott’s demand to return almost 7 trillion won in excess cash to shareholders through special dividends. It, however, supported two of Elliott’s three nominees for the board. It also showed support for Hyundai’s nomination of Yoon Chi-won, vice chairman of UBS AG’s wealth mana
March 12, 2019
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E-cigarette maker Juul Labs seeks Korean market entry
US e-cigarette maker Juul Labs Inc. is likely to enter the South Korean market within the first half of the year, the company said Tuesday.The San Francisco-based company released the e-cigarette brand Juul in 2017 in the US. Its US market share was 72 percent as of September 2018.“We are aiming to put the Juul on the South Korean market during the first half of this year or at the start of the latter half at the latest,” a company representative said. (AP-Yonhap)Before entering the South Korean
March 12, 2019
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US company agrees to supply 20 artificial blood vessels for Korean babies
The US-based W.L. Gore & Associates Inc. will supply 20 vascular grafts for South Korean children born with heart malformations who are time-pressed for surgery, Korea’s Ministry of Drug and Safety and Ministry of Welfare said Monday in a joint statement.Gore has agreed to supply the artificial blood vessels at the earliest possible date, which might be a week to 10 days away, the Drug Ministry said. The exact time of their arrival has yet to be determined. Gore, the sole supplier of reliable ar
March 12, 2019
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Asiana to fly A350 on LA, Seattle routes this month
Asiana Airlines Inc. said Tuesday it will operate A350 passenger jets on two US routes from later this month to strengthen customer service. (Yonhap)Asiana has operated the A380 on the Los Angeles route but will replace the four-engine superjumbo with the smaller and more economical 311-seat A350-900 from March 31. The A350 will be newly used on the San Francisco and Seattle routes from the same date, the company said in a statement. The A350 is a family of long-range, twin-engine wide-body airl
March 12, 2019
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5G-powered autonomous vehicle drives through Seoul
Driving in Seoul is almost always a hassle due to massive traffic jams and reckless drivers, so it would be fair to say that futuristic autonomous driving technologies could face many challenges here. However, the idea of sitting behind the wheel without human inputs is getting closer to reality, with a self-driving car successfully driving through the crowded streets of Seoul without a hitch. South Korean telecom company LG Uplus and Hanyang University’s research team on Monday demonstrated au
March 11, 2019
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Korean agencies to jointly tackle pediatric blood vessel crisis
Korean government agencies will work together in tackling artificial heart vessel supply issues in the wake of US company W.L. Gore’s withdrawal from the country in 2017, the Ministry of Food and Drug Safety said Sunday.The Drug Ministry, together with the Ministry of Welfare, estimates the issue will be resolved within this month, given that authorities will pay a visit to Gore establishments in the US for talks as early as this week.Artificial vessels, or “stretch” vascular grafts, by Gore had
March 11, 2019
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Antitrust watchdog chief to share competition policies with European counterparts
The Korean Fair Trade Commission chief is slated to share the nation’s competition policies and law enforcement with European nations during his seven-day trip to the continent this week. During his stay, Kim Sang-jo is slated to have a bilateral meeting with the European Union’s top antitrust official, give a keynote speech at the International Workshop on Competition Policy in Serbia and participate as a speaker at the International Conference on Competition held in Berlin. On Sunday, Kim Sang
March 11, 2019
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[Sky’s the Limit] Seoul Square, witness to Seoul’s economic history
The Korea Herald is publishing a series of articles and videos about some of the most expensive and fascinating landmark office buildings in Seoul. -- Ed.Opposite Seoul Station, a central hub for the nation’s railway, stands a massive 23-story building the color of red brick.Befitting its grand presence and central location, the edifice is called Seoul Square. With a gross area of 132,806 square meters, the building not only brings in hefty rents but also represents a chapter in South Korea’s dy
March 11, 2019
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LG beats Samsung in corporate reputation: report
South Korean conglomerate LG Group had a higher corporate reputation than the country’s biggest chaebol Samsung Group last year, according to a recent survey by a reputation management survey firm. Reputation Institute’s 2019 Global RepTrak released Thursday showed that LG ranked 48th out of 100 global firms in terms of corporate reputation, while Samsung dropped out of the top 50 list, ending at 52nd place. Samsung and LG ranked 26th and 41st, respectively, in the previous 2018 report after
March 10, 2019
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[Herald Interview] Unity goes beyond games to cars, AI, VR
Unity, a licensed game engine, is one of the most popularly used pieces of game developing software in the world. It’s the Adobe of games, if you will. For beginner developers, “Unity Personal” by Unity Technologies is a free-to-use version that anyone can use until their original content generates more than $100,000 yearly profit – at which point the developer is obliged to switch to the upper, paying model. Such is the “democratization of development” pursued by Unity Technologies ApS, the vid
March 10, 2019
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SK Telecom, Singtel likely to team up for OTT services
South Korea’s biggest telecom firm SK Telecom is seeking to partner with Singapore’s Singtel to invest in each other’s over-the-top streaming platforms amid growing challenges from global tech giants, according to a local media report Sunday. Citing a senior official from SKT, Yonhap News Agency reported that the Korean telco is discussing plans to invest in Singtel’s HOOQ, a video-on-demand streaming service provided by Singapore’s largest telco. In return, Singtel is seeking to invest in SK
March 10, 2019
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Kakao, taxi drivers deal may set bad precedent: SoCar CEO
Lee Jae-woong, founder and CEO of car-sharing app SoCar, said the latest deal struck by taxi unions and car-sharing service providers may set a bad precedent as it appears to restrict business activities already allowed under the current law. After a monthslong dispute, an agreement was reached Thursday among the government, lawmakers, taxi companies and car-sharing firms to allow a car-sharing service for four hours daily on weekdays, in a move that hopes to end protests from taxi drivers claim
March 8, 2019
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HHI strikes deal with KDB to take over DSME
Hyundai Heavy Industries Group said Friday it closed a deal with the state-run Korea Development Bank to take over Daewoo Shipbuilding & Marine Engineering. HHI CEO Kwon Oh-gap and KDB Chairman and CEO Lee Dong-gull announced a joint statement, pledging employment security for DSME workers and continued relationships with DSME’s current business partners. (Yonhap)“The decision to welcome DSME to the HHI Group is deeply rooted in our belief that it is a mission given to our group, as the trailbl
March 8, 2019
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Korea’s fried chicken gets sweeter, saltier
South Korea’s sweet and spicy marinated fried chicken, or “yangnyeom chicken,” has become sweeter and saltier over the past three years, according to a recent analysis of popular local delivery chicken brands by Seoul City. The Seoul Metropolitan Government’s Health and Environment Research Institute, in conjunction with a local civil group, measured the amount of sugar and sodium in the top four menu items sold by six major Korean chicken franchises. The analysis took place from August to Septe
March 8, 2019
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McDonald’s Korea encourages female staff on International Women’s Day
McDonald’s Korea invited female employees to its International Women’s Day event to recognize their contributions to the company, it said Friday.The event, held Wednesday, spotlighted some 20 female workers at McDonald’s across Korea, including mothers and daughters working together at the fast-food chain. The women were invited to the company’s headquarters in Jongno-gu, Seoul. Chief Executive Officer Cho Ju-yeon oversaw the occasion. (McDonald`s Korea)Cho said McDonald’s seeks to eliminate di
March 8, 2019
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[Weekender] A 30-day love affair with WeWork
I’ll admit it. From the very beginning, I was kind of in love with WeWork. I loved the concept, I loved how everything felt new, how everything felt casual but still systematic and last but not least, I was delighted at the makeovers it gave to office buildings that were once as dilapidated as a beat-up pillow. cap: Inside WeWork Designer ClubIn particular, I was ecstatic about the interior decorations which were subtly modern American and reminded me of my childhood in New York. At the same tim
March 8, 2019
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Samsung Bioepis to spend 180.4 bln won on new R&D center
South Korean biopharmaceutical firm Samsung Bioepis Co. will spend 180.4 billion won ($159.7 million) to build a new research and development center, its parent company said Thursday.The investment cost accounts for 36.44 percent of the company's capital at the end of 2017, Samsung BioLogics, a biopharmaceutical unit of South Korea's top conglomerate Samsung Group, said in a regulatory filing."The construction of the R&D facility is intended to strengthen competitiveness," the company said.(Sams
March 7, 2019