North Korea loses world judo event because of security risk

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Chinese shoppers of Korean products turn to direct online purchases

Chinese online shoppers' direct purchases from South Korea have not waned despite Beijing's economic retaliations against Seoul, the latest statistics showed Thursday. According to the Beijing offic...

Updated : 2017.04.20 09:58

Lotte's losses in China compounded by payment to local workers

Losses incurred by South Korean retail chain Lotte Mart from business suspensions in China are being compounded by salary payments to local employees, industry sources said Thursday. Lotte Mart, a h...

Updated : 2017.04.20 09:48

LG Chem posts record-breaking sales in Q1

LG Chem posted record-breaking sales for the first quarter of this year. LG Chem said Wednesday that it posted 796.9 billion won ($698 million) in operating profit, a 74 percent rise on-year. It als...

Updated : 2017.04.19 18:05

Item rentals expand market presence on surging demand

The item rental market in South Korea is expanding its range of lineups into various areas, ranging from fashion accessories and digital cameras to furniture, as a growing number of consumers are wil...

Updated : 2017.04.19 16:48

[From the Scene] Celltrion bulks up to meet spiraling demand for biosimilars

SONGDO, Incheon -- Outside, it was a lazy spring day. The weather in Songdo was warm despite the nearby ocean that usually drags the temperature a few degrees lower than in Seoul. However, inside th...

Updated : 2017.04.19 16:40

Kakao Friends become most beloved characters in Korea

Started as mobile messaging app characters, the characters of Kakao Friends have now been named the most popular in South Korea, beating out the former No. 1, the eponymous character from “Pororo th...

Updated : 2017.04.19 16:24

[Herald Interview] Celltrion out to eat J&J's lunch with Remsima

SONGDO, Incheon -- South Korea’s Celltrion will take away half of Johnson & Johnson’s Remicade market in the US with its biosimilar drug that hit the country last year, the company’s CEO said, cit...

Updated : 2017.04.19 16:11

Chicken franchise sales rise in 2016 despite bird flu, economic slump: data

Sales of South Korea's major chicken franchises rose last year from the previous year despite the outbreak of avian influenza and weak economic growth, government data showed Wednesday. Fried chicke...

Updated : 2017.04.19 15:32

Daewoong Pharm's antibiotic Meropenem hits US

South Korean drug maker Daewoong Pharmaceutical Co. said Wednesday its generic antibiotic, Meropenem, was launched in the United States. Meropenem, which is used in treatment for a wide range of dis...

Updated : 2017.04.19 15:30

Korea can't afford another Hanjin: AmCham panel

The American Chamber of Commerce in Korea as well as stakeholders in the international and domestic shipping industries gathered in Seoul on Wednesday, calling for strong political and financial coun...

Updated : 2017.04.19 15:23

KDB to proceed with Doublestar deal for Kumho Tire

The state-run Korea Development Bank and Chinese tiremaker Doublestar are scheduled to proceed with sales of Kumho Tire from Monday to Sept. 23, if Kumho Asiana Group Chairman Park Sam-koo does not e...

Updated : 2017.04.19 15:21

Homeplus aims to outplay rivals with fresh produce campaign

Supermarket chain Homeplus is promising to bring fresh food to dinner tables in Korea with a new campaign called “Basis for Freshness,” according to the company Wednesday. The name of the campaign...

Updated : 2017.04.19 15:04

Japan, EU protest Seoul's support for Daewoo Shipbuilding

Japan and the European Union officially raised concerns over the Korean government’s latest 2.9 trillion won ($2.5 billion) bailout plan to rescue cash-strapped Daewoo Shipbuilding & Marine Engineer...

Updated : 2017.04.19 14:55

Samsung Heavy bags order for 2 LNG carriers

Samsung Heavy Industries Co., a major shipyard here, has clinched a deal to build two liquefied natural gas carriers with a local shipping firm, industry sources said Wednesday. Under the deal with ...

Updated : 2017.04.19 14:11

Exports of industrial parts, materials rise in Q1

Exports of industrial parts and materials increased sharply in the first three months of the year on firm global demand, government data showed Wednesday. Outbound shipments of industrial parts and ...

Updated : 2017.04.19 11:13