Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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[Best Brand] Lock&Lock, making minimal lifestyle, easier
Amid the trending minimalism across all industrial sectors, Lock&Lock is enabling a minimal kitchen life with modular-type food containers that make home kitchens look simpler and cleaner. Its latest Bisfree Modular Series containers are designed like Lego blocks to enable tidy, stable and space-efficient stacking. When stacked, there are no edges or locks sticking out, hence taking up minimal space in refrigerators. Bisfree Modular Series containers (Lock&Lock)The so-called “6-millimeter hidde
June 29, 2018
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Biogen ups stake in JV Samsung Bioepis to share management with Samsung BioLogics
Samsung BioLogics said Friday that Biogen has exercised its call option to raise its stake in their joint venture Samsung Bioepis to 49.9 percent, putting its long-noted intent to increase its ownership in the biosimilars development company into formal action.The development is expected to be taken into consideration by South Korea’s financial regulators, who are currently investigating a change in Samsung BioLogics’ accounting standards in 2015 that had factored in Biogen’s right to the Bioepi
June 29, 2018
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Jailed Lotte chief fends off elder brother's leadership challenge
SEOUL/TOKYO -- The jailed head of South Korean conglomerate Lotte won the support of Japanese shareholders in a vote on Friday to keep his seat in the boardroom of a crucial affiliate in the group's governance structure, cementing his grip on the retail giant from behind bars.Lotte Holdings Co., holding firm for Lotte's Japanese affiliates which also has major stakes in the group's Korean units, rejected the motion to dismiss Shin Dong-bin as a board member during its regular shareholders' meeti
June 29, 2018
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[Newsmaker] LG taps Koo Kwang-mo as new CEO
Koo Kwang-mo, the son of LG Group's late Chairman Koo Bon-moo, became a board member of the holding firm and its CEO on Friday, effectively becoming the fourth-generation leader of the family-controlled conglomerate.Koo, who was adopted by the late business tycoon so as to fulfill the LG family's tradition of handing over power to the chairman's eldest son, was named as the newest board member during Friday's shareholders' meeting of LG Corp. He was tapped by the board as CEO later in the day. K
June 29, 2018
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Lotte’s top executives head to Japan on motion to dismiss group chairman from board
A delegation of senior Lotte Group executives headed to Japan on Thursday to meet with the heads of the conglomerate’s Japanese counterpart that is taking steps to fire the group’s chief from its board of directors.Hwang Gag-gyu, vice chairman of Lotte Group, and three other senior executives of the conglomerate left for Japan, a day ahead of a shareholders’ meeting by Lotte Holdings. Shin Dong-joo, former vice chairman of Lotte Holdings, has proposed to dismiss Shin Dong-bin, his younger brothe
June 28, 2018
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[Video] E-mart’s new discount store attracts shoppers on opening day
Hundreds of shoppers flocked to the first branch of E-mart’s new discount store chain Pierrot Shopping on its opening day Thursday. Located at Coex in Samseong-dong, southern Seoul, the two-story shop garnered anticipation on the internet before its opening. Curious shoppers flooded the store, forming long checkout lines, while onlookers at the shopping mall turned their heads.(Shot and edited by Park Ju-young / The Korea Herald)The new discount store chain by Shinsegae, which runs discount reta
June 28, 2018
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Hyundai E&C starts sale of Byeolnae Stayone
Hyundai Engineering and Construction said Thursday it has started sales of Hillstate residential complex lots in Byeolnae, Namyangju, Gyeonggi Province, this month.The Stayone complex comprises three 46-story buildings with a total 578 households. Hillstate Byeolnae Stayone (Hyundai E&C)They are the highest building to sit in the planned new town of Byeolnae bearing the company’s premium Hillstate brand.Though not categorized as an “apartment,” the Stayone complex is registered as a residential
June 28, 2018
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FTC’s exclusive right to charge businesses likely to be maintained
South Korea’s antitrust watchdog is likely to retain its exclusive right to charge businesses despite prosecutors’ claim that it should be abolished with intent to expand their investigation power, based on a report by a special committee.On Thursday, the special committee dedicated to reforming the nation’s fair trade law announced the results of a three-month review. The highlight was whether to abolish the Fair Trade Commission’s exclusive right to charge businesses. Under the current law, pr
June 28, 2018
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[Advertorial] Samsung supporting single parents to be self-sustained
Samsung Electronics is helping single parents become self-sustained through mentoring and the provision of home appliances necessary for child rearing. Samsung Electronics executive Kim Hyun-sook (left) delivers Samsung dryer “Grande” to Aeranwon director on Tuesday. (Samsung Electronics)On Tuesday, employees of Samsung’s home appliance division visited Aeranwon, a non-profit organization for single parents, to deliver its large-sized dryer “Grande” and baby care washers, according to the tech f
June 28, 2018
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LG Chem kick-starts sales of Enbrel biosimilar in Korea
LG Chem, the chemicals and biopharma business unit of South Korea’s LG Group, said Thursday that it has officially begun selling its Enbrel-referencing biosimilar, Eucept, in Korea. Eucept is the first monoclonal antibody drug developed by LG Chem. It was approved by Korea’s Ministry of Food and Drug Safety in March for the treatment of conditions including rheumatoid arthritis, axial spondyloarthritis and psoriasis. As marketing and sales activities are now kicking off, LG Chem said it hope
June 28, 2018
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SK Innovation achieves ‘deep change’ focused on chemical business
SK Innovation, South Korea’s top oil refiner, has shifted the focus of its business to the chemical sector, securing a stable profit generator, the company said Thursday.The firm’s chemical business posted 284.8 billion won ($253.8 million) in operating profit, accounting for some 40 percent of its total earnings in the first quarter of this year, the company’s figures showed.Its chemical business looks set to surpass 1 trillion won in operating profit this year for the third consecutive year. S
June 28, 2018
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[Newsmaker] Korean Air Chairman Cho Yang-ho feels the heat
Sullen and quiet, Korean Air and Hanjin Group Chairman Cho Yang-ho on Thursday stood on what has now become a familiar spot for his family: a marker on the ground in front of the prosecution’s office before dozens of flashing cameras. Korean Group Chairman Cho Yang-ho appears at the prosecution on Thursday. (Yonhap)“I’m sorry. I will tell everything to the prosecution,” the 69-year-old chairman told swarms of reporters in front of the Seoul Southern District Prosecutors’ Office. He was the four
June 28, 2018
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[Herald Interview] Mahindra Korea eyes partnership in defense biz
With aims to diversify its partnership with South Korean businesses and raise brand awareness, Mahindra & Mahindra tapped Choi In-bom as the second representative of the local office this January.Mahindra Korea, established in 2013, has so far helped the Mahindra Group clinch major deals with companies here including LG Chem, Posco and Hanwha Qcells, striving to fulfill its purpose as a facilitator between the headquarters in India and Korea.Continuing to pursue the firm’s mission, Choi is searc
June 28, 2018
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Proportion of women in executive branch exceeds 50% for first time
Women accounted for more than 50 percent of all employees of the government's executive branch as of the end of last year for the first time since the government's establishment, data from the Ministry of Personnel Management showed Thursday.Central government employees totaled about 656,000, and 50.2 percent of them, or about 329,000, were women, the data showed. It marked the first time that the proportion of women has exceeded that of men in the central government.That's in line with the grow
June 28, 2018
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Samsung, Apple reach settlement over design dispute
Samsung Electronics Co. said Thursday it has reached an agreement with Apple Inc. to settle the latest legal dispute surrounding alleged smartphone design infringement."We cannot provide any details other than that we reached an agreement with Apple," a source from Samsung Electronics said. Samsung refrained from disclosing other details, including the amount of compensation provided to Apple. In this file photo taken on August 26, 2012, an employee shows an Apple`s iPhone 4s (left) and a Samsun
June 28, 2018
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Global conference for biotech industry kicks off in Seoul
The 2018 Global Bio Conference kicked off in Seoul on Wednesday, bringing together biotech regulators and industry experts from around the world to support the growth and overseas expansion of South Korea’s biopharmaceuticals businesses. In its fourth edition, the GBC has invited 126 speakers from 32 countries and has drawn more than 3,000 participants including government officials, pharma industry experts and academics. This year’s GBC, which continues through Friday, featured renowned speake
June 27, 2018
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E-Mart to launch Korean version of Japan's discount retailer Don Quijote
E-Mart Inc., South Korea's largest hypermarket chain operator, on Wednesday unveiled its new discount store brand, as it strives lure more consumers out to offline malls in the face of tough competition with online retailers. The 2,513-square-meter store, Pierrot Shopping, will open to the public at the Convention and Exhibition Center in Seoul on Thursday, handling some 40,000 items ranging from electronic appliances to luxury goods and adult supplies, according to the company. (E-Mart)"From th
June 27, 2018
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[Advertorial] Posco E&C opens 2nd sales of residential estate in Clark, Philippines
[South Korea’s leading engineering and construction firm Posco Engineering & Construction has opened the second round of sales for a premium residential estate in Clark, the Philippines, after a successful first round last year. The planned The Sharp Clark Hills. (Posco E&C)The Sharp Clark Hills offers the benefits of a natural environment and heightened security. South Koreans recognize Clark as a vacation spot that is relatively close to Korea, where they go to enjoy golf and other leisure spo
June 27, 2018
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Bodyfriend slammed for forcing employees to sign health agreement
Bodyfriend, a health and wellness technology company known for premium massage chairs, was hit with criticisms on Wednesday after allegations surfaced that the company forced its employees to sign unfair contract. A model poses with Bodyfriend product. (Bodyfriend)According to some employees, the contract in question contained details such as an agreement by an employee to participate in the company’s wellness program conducted under its medical R&D center. Although the details of the program w
June 27, 2018
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[Photo News] Jeju Air x Pinkfong aircraft draws attention
PINKFONG ON FLIGHT -- Korean children’s content producer SmartStudy unveils a Jeju Air plane decorated with its character Pinkfong on Wednesday. The project was launched as part of a joint marketing agreement signed between Korean low-cost carrier Jeju Air and SmartStudy in April. (SmartStudy)
June 27, 2018