Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Samsung BioLogics earns first manufacturing approval from Health Canada
South Korean contract drug manufacturer Samsung BioLogics said Thursday that it has obtained its first-ever manufacturing approval from Canada’s drug regulators for a biologic product produced at its first plant in Songdo, Incheon.With the addition, the company has now earned 14 manufacturing approvals from the world’s top drug regulators -- the US Food and Drug Administration, the European Medicines Agency, Japan’s Pharmaceuticals and Medical Devices Agency and now Health Canada.Eleven of the a
June 21, 2018
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Asiana Airlines runs outreach program targeting women in Vietnam
Asiana Airlines said Tuesday it has opened a fourth employment training course targeting women in Vietnam, which will take place over the next six months. Asiana Airlines Managing Director Cho Young-suk (sixth from left) and the Embassy of Korea in Vietnam’s Consul General Lee Mi-yeon (seventh from left) pose for a photo in Hanoi, Vietnam, Wednesday. Asiana AirlinesSince 2015, the South Korean airline has been providing job training sessions for Vietnamese women in the low-income bracket. The p
June 20, 2018
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P&G Korea inks MOU to improve medical environment for young patients
Proctor and Gamble Korea said Wednesday that it has signed a memorandum of understanding with Seoul Child Hospital and Kids & Future Foundation to improve Korea’s medical services for children. P&G Korea’s public affairs leader Park Lincoln (left), Seoul Child Hospital Director Kim Jae-bok (center) and Kids & Future Foundation Director Park Doo-joon pose for a photo after signing a memorandum Wednesday. P&G Korea“Through the memorandum, P&G will continue to put in effort to improve treatment an
June 20, 2018
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Govt., carmakers to jointly respond to US auto tariff probe
South Korea's trade ministry said Wednesday it will work with local carmakers to respond to potential import restrictions by the United States, which has launched a probe into auto imports.Last month, the US Department of Commerce launched an investigation into possible tariffs on imported vehicles and auto parts, on national security grounds, under Section 232 of its trade law.The Ministry of Trade, Industry and Energy held a meeting with major automakers, including Hyundai Motor Co. and Kia Mo
June 20, 2018
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Samsung SDS investors blame FTC head for shares plunge
Samsung SDS’ small shareholders have voiced their anger at the nation’s antitrust watchdog head, claiming his remarks Thursday drove the firm’s shares to plunge. On Thursday, the Fair Trade Commission Chairman Kim Sang-jo had urged the owner families of conglomerates to sell off stocks of non-key affiliates, referring to the businesses of system integration, real estate, logistics and advertising. “Following Kim’s remark, shares of Samsung SDS -- whose main business is system integration -- plun
June 19, 2018
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Hyundai Rotem develops new train system
Hyundai Rotem, the train-making affiliate of Hyundai Motor Group, has developed the world’s first train system that can pass through sharp curves with a radius of 15 meters, the company said Tuesday.Capable of making turns in round areas with a 15-meter radius, compared to the previous 25-meter radius, the latest system is expected to enable train tracks to be built in populous regions and curvy locales. It was developed as part of a government-led project to develop trains that can run 5-7 seve
June 19, 2018
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Sales of Orion’s corn chips record W50b in 15 months
South Korean confectionery company Orion said Tuesday that accumulated sales of Kkobuk Chip had surpassed 50 billion won ($45 million) since its launch in March last year. Orion’s Kkobuk Chip (Orion)Approximately 46 million packs of the corn chips had been sold as of this month, according to the company. This translates to some 100 million won worth of chips sold daily. Driven by the popularity of the corn soup-flavored snack, Orion began producing Kkobuk Chip in Shanghai, China, last month unde
June 19, 2018
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Retailers add evening classes at culture centers to match shorter working hours
Retailers are adding evening programs at their culture centers to accommodate office workers who will have extra time due to shortened legal working hours starting next month, industry officials said Tuesday.More customers are registering in evening classes at some retailers, including Hyundai Department Store, which increased after-work programs by 10 to 20 percent for this year's June-August period at its chain. Registrants in the 20s-30s age group accounted for 25.7 percent of the total, near
June 19, 2018
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Prosecutors seek warrant to arrest wife of Korean Air chief over allegations of illegal hiring
Prosecutors on Monday sought an arrest warrant against Lee Myung-hee, wife of Korean Air Lines Co.'s chief, over allegations that she hired housekeepers from the Philippines without due visas.The move came two weeks after a Seoul court denied the prosecution's request for a warrant to arrest Lee over multiple assault charges.In addition to the assault charges, the 69-year-old Lee is accused of hiring some two dozen maids from the Southeast Asian country for at least the past decade by sponsoring
June 18, 2018
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Philip Morris claims IQOS could reduce health risk
Tobacco maker Philip Morris International said Monday that its clinical study proved that switching to its heat-not-burn cigarette device could reduce health risks compared to conventional cigarettes, reigniting controversy over the harmfulness of HNB products. Manuel Peitsch, chief scientific officer at Philip Morris International, speaks during a press conference Monday in Seoul. PMIPMI’s study result comes two weeks after South Korean health authorities released a safety result that found HN
June 18, 2018
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KT again embroiled in ‘CEO risk’
South Korea’s leading telecom operator KT once again faces an escalating “CEO risk” as police sought an arrest warrant on Monday for its CEO Hwang Chang-gyu for alleged involvement in the firm’s illegal donations to lawmakers. Hwang was suspected of creating 1.1 billion won ($1 million) in slush funds from May 2014 to October 2017 and of spending 442 million won of the money for illegal donations to 99 lawmakers. Hwang Chang-gyu arrives for questioning at a police station in Seoul on April 17. (
June 18, 2018
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LS Cable & System advances into Indonesia with AG Group
LS Cable & System is slated to advance into the Indonesian cable market by setting up a joint corporation with local company Artha Graha Network. AG Group, one of Indonesia’s top 10 companies, runs businesses in the areas of banks, hotels, construction and resorts. LS Cable & System CEO Myung Roh-hyun (third from right) poses for a photo with AG Group Chairman Panji Winata (fourth from right) after signing an agreement in Seoul on Monday. (LS Cable & System)LS signed an agreement with AG Group i
June 18, 2018
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LS faces fines, prosecution over inter-subsidiary dealings
LS Corp. and its affiliates have become the first companies to be sanctioned since antitrust watchdog chief Kim Sang-jo said the Fair Trade Commission would take a tougher stance on conglomerates’ inter-subsidiary dealings Thursday. The FTC said Monday it would impose penalties of a total of 25 billion won ($22 million) on LS Corp. and its affiliates, and report six owner family members to the prosecution.“We decided to impose penalties and report the management to prosecutors after we found the
June 18, 2018
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Daewoong Pharma strengthens R&D units for new drug development
South Korea’s Daewoong Pharmaceutical said Monday that it has restructured its research and development units to lend a boost to its new drug development efforts.The Korean pharma company said that its R&D workforce will now work in different project-oriented groups called “extreme teams” designed to achieve specific goals of a particular project. Each team will focus on a different project, and be disbanded once the project ends.As a result, Daewoong’s R&D workforce will be divided into a new d
June 18, 2018
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US FDA resumes review of Celltrion's biosimilar Herzuma
Celltrion Inc., a South Korean biopharmaceutical firm, said Monday that the US Food and Drug Administration has resumed the review process for its biosimilar to treat breast cancer.In May, Celltrion made a resubmission to the FDA to obtain marketing approval for Herzuma, a drug that was originally developed by Swiss pharmaceutical giant Roche Holding.In accordance with FDA regulations, the approval procedure is forecast to be finalized within six months from the resubmission.Global sales of the
June 18, 2018
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US-China trade war may ripple through Korea
The Korean economy is likely to be hit hard as its two biggest trading partners are on the brink of a trade war following threats to slap each other with hefty tariffs over the weekend. (Yonhap)On Friday, the Trump administration announced it would impose 25 percent tariffs on the Chinese goods worth $50 billion in an effort to protect the US intellectual property and technology. A day later, China responded to the US by announcing 25 percent tariffs on a $34 billion list of the US goods in the
June 17, 2018
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[IP in Korea] 'Rise of e-sports, YouTube calls for new approach to copyright'
The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 17th installment. -- Ed. In an age of technology convergence and interactive communication, it is inevitable that major content platforms such as YouTube should attempt to deviate from the conventional concept of copyright so as to encourage individual creative activities.Such a flexible approach, however, should never mean lesser recognition or compensation for content creators, e
June 17, 2018
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Shin Dong-joo to give fifth try to seize Lotte Group, overthrow his brother
Shin Dong-joo, a former vice chairman of Lotte Holdings who was defeated in a management right feud with currently imprisoned younger brother Lotte Group Chairman Shin Dong-bin is attempting to seize his control over the group once again. According to Lotte Holdings, a Japanese firm which owns major stakes in many Lotte units and thus binds the whole conglomerate, it will hold a general a shareholders meeting on June 29 in Tokyo, upon Dong-joo’s request. Former Vice Chairman of Lotte Holdings
June 17, 2018
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Over half of Koreans agree on tax hike for HNB cigarettes: survey
The majority of South Koreans agreed to levying various taxes on recently popular heat-not-burn e-cigarettes, a survey showed Sunday. According to a survey conducted on some 1,000 adults here by market research institute Trend Monitor, 55.6 percent of the respondents agreed to the government’s move to raise taxes on HNB cigarettes. Various heat-not-burn e-cigarette products from Philip Morris International. (Yonhap)Last December, the National Assembly passed a bill for a tax hike on HNB cigaret
June 17, 2018
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Bulk of S. Korean trading firms want to take part in N. Korea projects: poll
The bulk of South Korean trading companies want to take part in North Korean development projects, with many showing an interest in construction, a local poll revealed Sunday.According to a survey carried out by the Korea International Trade Association on 1,176 companies, 80 percent said they wished to take part in North Korean ventures once international sanctions are lifted.Expectations are running high that the successful summit between US President Donald Trump and North Korean leader Kim J
June 17, 2018