Most Popular
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Inflation eases in April, continues bumpy ride
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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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Seoul alerts overseas missions to NK terror threats
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Public backlash against division of Gyeonggi Province under 'corny' name
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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[Eye Plus] Seoul greets Christmas
With Christmas just around the corner, the streets and buildings of South Korea’s capital are ready to embrace the holiday spirit with Christmas trees and twinkling lights.(Park Hyun-koo/The Korea Herald) (Park Hyun-koo/The Korea Herald) (Park Hyun-koo/The Korea Herald)The Seoul Metropolitan Government is holding the 2018 Seoul Christmas Festival until Jan. 1 at Cheonggyecheon, featuring different colored light-emitting decorations along the 1.2-kilometer walkway by the stream at night. Meanwhil
Dec. 20, 2018
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Incheon Airport to invest W4.2tr in expansion, upgrades by 2023
Incheon International Airport Corp. said Thursday it will invest 4.2 trillion won ($3.7 billion) to build a fourth runway and expand facilities by 2023. The airport began operations in 2001 and opened its second terminal in January to meet rapid air passenger growth. It currently handles 72 million travelers a year, a number that is expected to grow to 95 million by 2023, the transport ministry said in a statement. (Yonhap)The state-controlled airport operator will inject the money to add a fou
Dec. 20, 2018
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Daewoo E&C continues to expand CSR activities
Daewoo Engineering & Construction Co., a major South Korean builder, has been expanding its corporate social responsibility programs for people with disabilities and other disadvantages ever since 2012.The company has operated CSR programs since 2007, initially involving only volunteer groups within its staff. But six years ago, it expanded its CSR activities to involve all employees in every one of its departments and business units. Daewoo E&C workers and their families paint murals in Seoul a
Dec. 19, 2018
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[Monitor] Korea gears up for expansion of eco-friendly vehicles
South Korea aims to have 430,000 electric cars and 65,000 hydrogen-fueled cars on local roads by 2022, according to the Ministry of Trade, Industry and Energy on Tuesday.This is a big jump from previous targets, which were 350,000 electric cars and 15,000 hydrogen-fueled cars in four years. For the same period, the ministry also raised the target for exports of electric cars sevenfold to 250,000 and hydrogen-fueled cars by seventeen times to 5,000. With these adjusted targets, the government sai
Dec. 19, 2018
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GS E&C wins bridge construction deal in Myanmar
South Korean builder GS Engineering & Construction has won a construction deal in Yangon, the biggest city and former capital of Myanmar, the firm said Wednesday. The project involves building the Korea-Myanmar Friendship Bridge, which is financed by the Economic Development Cooperation Fund. The fund was set up to promote economic cooperation between South Korea and developing countries.According to GS E&C, it received a letter of acceptance from Myanmar’s Construction Ministry last week for th
Dec. 19, 2018
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Fresh food deliveries, shoppers in 60s major e-commerce trends in 2018: data
Fresh food deliveries, a rise in the number of shoppers in their 60s and e-mobility were among the five keywords that summarize this year’s e-commerce shopping trends, e-commerce company Interpark said Wednesday. According to data compiled by Interpark based on online sales and opinions from its merchandisers, fresh food deliveries have become common services for online shoppers in the past year, mainly due to quick delivery services.Market Kurly, for instance, saw the rapid expansion of its bus
Dec. 19, 2018
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South Korea-China trade volume rises to pre-THAAD levels
South Korea’s trade volume with China reached $247.3 billion in the first 11 months of this year, rising to the level reached before a diplomatic row over the deployment of an anti-missile system here took a toll on trade between the two countries, government data showed Wednesday.Korea’s No. 1 export and import market has been China since the South Korea-China free trade agreement was inked in December 2015, accounting for roughly 25 percent of Korea’s trade turnover and about twice the volume
Dec. 19, 2018
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SK hynix breaks ground for new production line in Korea
South Korea's No. 2 chipmaker, SK hynix Inc., on Wednesday held a groundbreaking ceremony for a new chip production line that is expected to commence operations in October 2020.The M16 production line, located in Icheon, 80 kilometers southeast of Seoul, will be built on a 53,000-square meter lot. SK Hynix Inc. holds groundbreaking ceremony for new chip productin line, Dec. 19(Yonhap)While the new line is set to produce dynamic random-access memory chips, SK hynix said its production capacities
Dec. 19, 2018
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[Herald Interview] Korea needs to change ways of reforming chaebol: FTC chief
It is easy to misread Kim Sang-jo, the chairman of the Fair Trade Commission, who is well known as an erudite economist and a passionate anti-chaebol activist. Ever since he was named to head the nation’s top watchdog in June 2017, views have clashed between those that forewarned an end to the heyday of South Korea’s conglomerates and those that impugned whether the “chaebol sniper” would live up to his nickname. Halfway through his three-year tenure, Kim has completed the exhausting task of con
Dec. 18, 2018
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LG opens food science lab
LG Electronics said Tuesday that it has opened a new research lab dedicated to food science and technology within its research and development center in Changwon, South Gyeongsang Province.LG’s food researchers will work at the 630-square-meter lab and study food preservation and processing, kimchi fermentation and related areas, the company said. An LG Electronics researcher looks through a temperature-controlled microscope at the company’s food science lab in Changwon, South Gyeongsang Provinc
Dec. 18, 2018
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7-Eleven steps closer to full acquisition of Ministop Korea
South Korean retail giant Lotte Group’s convenience store chain 7-Eleven is likely to be picked as a preferred bidder for the full acquisition of Ministop Korea, industry sources said Tuesday. According to industry insiders, Ministop Korea’s selloff manager, Nomura Securities, was to announce a preferred bidder later Tuesday. Along with Lotte, Shinsegae and Seoul-based Glenwood Private Equity submitted bid proposals last month. 7-Eleven suggested the highest bidding price of 430 billion won (380
Dec. 18, 2018
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[Photo News] Samsung Signage in Istanbul
Samsung Electronics announced Tuesday it recently finished installing more than 700 sets of liquid crystal display and light-emitting diode signage at the New Istanbul Airport in Turkey. The combined surface area of the LED displays reaches 1,012 square meters -- the largest such area to be installed at an airport in the world, the company said.(Yonhap)By Korea Herald (khnews@heraldcorp.com)
Dec. 18, 2018
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Korean shipyards almost sweep LNG ship orders
South Korean shipbuilders have bagged over 80 percent of new orders placed around the globe this year to build liquefied natural gas carriers, industry data showed Tuesday.According to the data, Korean shipyards clinched new orders to build 56 LNG carriers in total, which is 86 percent of total new orders placed globally so far this year to construct 65 such ships. (Yonhap)By shipbuilder, Hyundai Heavy Industries Co., the world's top shipyard, has clinched deals to build 25 LNG ships this year.
Dec. 18, 2018
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Korea vows to upgrade key industrial sectors
South Korea's industry ministry pledged Tuesday to bolster efforts to upgrade the competitiveness of the country's key industrial sectors by expanding research and development efforts and easing regulations. The Ministry of Trade, Industry and Energy announced a set of measures to spur innovation in key export sectors, including semiconductors, displays and rechargeable batteries, in the face of toughening competition with emerging rivals. (Yonhap)"The high value-added strategies are aimed at i
Dec. 18, 2018
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HHI signs deal with DAPA for depot maintenance of Chang Bogo-II submarine
Hyundai Heavy Industries said Tuesday it has signed a contract with the Defense Acquisition Program Administration for depot maintenance of the third unit (1,800 tons) of the Chang Bogo-II submarine. Under the contract worth 55.5 billion won ($49 million), the Korean shipbuilder is slated to deliver the submarine to the Korean Navy by 2020. The depot maintenance project is designed to replace and repair parts of the interior of the submarine. Hyundai Heavy Industries already completed depot main
Dec. 18, 2018
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Ministry to expand R&D spending, financial aid for autos, chips, batteries
The Ministry of Industry on Tuesday unveiled a comprehensive plan aimed at revitalizing the sluggish auto sector and increasing state spending on research and development for manufacturers of chips and batteries to secure their leadership in the global market. Industry Minister Sung Yoon-mo (center) visit a local auto parts maker in Changwon, South Gyeongsang Province, as part of the industry inspection tour on Dec. 13. (Yonhap)For auto parts makers suffering from shrinking sales at home and abr
Dec. 18, 2018
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Korean Air to strengthen penalties for ticket cancellation
Korean Air said Tuesday that it will strengthen penalties for ticket cancellations from Jan. 1, following a recent incident involving a group of K-pop fans canceling their flight tickets right before takeoff, which caused a costly delay. According to Korean Air, passengers who cancel their tickets after passing through the departure gate will receive an additional 200,000 won ($176) of penalties. The current penalty amount is 120,000 won for long-distance routes, such as those to the United Stat
Dec. 18, 2018
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Korea's gaming industry ranks among world's top in sales
South Korea's gaming industry is the world's fourth largest in sales, but none of the local companies rank among the top producers, a report said Tuesday.According to the Korea Creative Content Agency, the industry's sales in October came to $5.76 billion. The number ranked fourth behind $34.4 billion for China, $31.53 billion for the United States and $17.71 billion for Japan. (Yonhap)South Korea ranks even higher if internet connections are counted in. For example, the internet-linked populat
Dec. 18, 2018
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Samsung ranks 4th in global market for premium monitors in Q3: IDC
Samsung Electronics Co. took up nearly 10 percent of the world's market for premium gaming monitors in the third quarter to become the No. 4 player in the sector, data showed Tuesday.According to the data compiled by industry tracker IDC, Samsung Electronics accounted for 9.7 percent of the world's market for gaming monitors in the July-September period that come with refresh rates of 100Hz and higher. Shown in this file photo provided by Samsung Electronics Co. on Aug. 21, 2018 is the company`s
Dec. 18, 2018
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Yak-kong Soymilk proves popular as healthy, low-calorie drink
Yak-kong Soymilk, which uses a small black bean base grown in Pyeongchang, Gangwon Province, is garnering attention as a healthy, low-calorie drink. Yak-kong Soymilk (Agency for Functional-Medicinal Soymilk)According to the company, all of its products are manufactured with 100 percent pure ingredients without any food additives or sugar. Most of the products are around 70 calories and are popular among dieters and those who want to stay fit, the company said. Yak-kong Soymilk’s manufacturer, Ag
Dec. 17, 2018