Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Hopes rise for possible Gaza truce deal
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Seventeen shows who is the ‘Maestro’ of K-pop in greatest hits album
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US trade commission to probe into memory devices of Samsung, SK Hynix
US trade authorities have said they will investigate memory devices made by Samsung Electronics Co., SK Hynix Inc. and several other firms for alleged unfair import trade practices.The US International Trade Commission said Friday that it has voted to institute an investigation of certain solid state storage drives, stacked electronic components and products containing those memory devices.The investigation came about two weeks after the U.S.-based firm BiTMICRO, LLC. filed an amended complaint
Jan. 22, 2018
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Most young customers order beer by brand: survey
Young South Koreans tend to stick to a beer brand when dining out, a survey showed Monday.According to a survey of 1,000 people in their 20s by research company IDINCU, nearly 80 percent of the respondents said they regularly order a specific beer when eating out. While 20.5 percent said they drank whatever beer that the wait staff brought for them, 79.5 percent said they ordered a specific brand. (OB)The results showed that 54.5 percent chose Cass from Oriental Brewery, a South Korean brewery o
Jan. 22, 2018
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S. Korean chip industry tightens monitoring on protectionist moves by China, US
The South Korean chip industry is tightening its monitoring of increasing protectionist moves by China and the US as they are faced with probes and suspicions of price collusion, according to the industry on Monday. “We are paying more heedful attention to news about accusations of patent infringements or price collision these days as such moves seem to be growing dramatically,” an industry official told The Korea Herald on the condition of anonymity. “However, such large companies like Samsung
Jan. 22, 2018
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Seoul eyes ban on digital signature certificates
The South Korean government on Monday decided to push for the abolishment of the uniformly used digital signature certificates system and switch to other authentication methods to create a more user-friendly internet environment. The abolition of the digital signature certificates was included in the government’s plans to “push for hyperconnectivity of intelligence innovation” designed to improve capabilities of data, networks and artificial intelligence, during a meeting presided over by Presid
Jan. 22, 2018
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Inbound travelers to Korea drop 22.7% in 2017 due to THAAD row
he number of foreign tourists to South Korea slipped last year in the wake of a diplomatic row between Seoul and Beijing over the deployment of a US anti-missile system, government data showed Monday. A total of 13.3 million foreigners visited South Korea in 2017, down 22.7 percent from a year earlier, according to the Korea Tourism Organization.The drop has been widely expected, as Beijing has banned its travel agencies from selling Korea-bound trips since mid-March, in apparent retaliation ove
Jan. 22, 2018
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GSK taps Julien Samson as new GM for Seoul office
GlaxoSmithKline has tapped Julien Samson, a vice president who has been leading the company‘s medicine commercialization for global respiratory franchise, as the new general manager of its South Korea office, the company said Sunday.Samson will replace outgoing GSK Korea general manager Hong Yoo-seok, who has been appointed as the new chief of GSK Canada. It is the first time that a Korean executive has been named the country head of a major North American market at a global pharmaceuticals comp
Jan. 21, 2018
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[Weekender] Incheon Airport takes it up a notch
For many years, extensive renewal or expansion may have seemed unnecessary for Incheon Airport, as it has indisputably positioned itself as one of the world’s top-tier aviation hubs.Incheon International Airport (Yonhap)But South Korea’s largest airport did not rest on its laurels. As part of its long-term vision to become the world’s third-biggest airport by year 2023, the airport has opened its second passenger terminal, marking the culmination of a nine-year construction project that cost som
Jan. 19, 2018
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Cafe24 signs MOU with Japan’s Softbank Payment Service
CE-commerce platform Cafe24 said Friday that it has partnered with major Japanese payment platform SoftBank Payment Service.“Cafe24 will continue to expand partnerships with key global companies that possess technical expertise in order to provide optimized local services in various countries,” said Cafe24 CEO Lee Jae-suk.Cafe24 signed a memorandum of understanding with SoftBank Payment Service to share business know-how and boost the global e-commerce market, the company said. Under the agreeme
Jan. 19, 2018
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[Weekender] How to use Incheon Airport’s new terminal
After nine years of construction, South Korea’s main gateway airport finally opened its sleek new terminal this week. Incheon Airport’s second terminal cost approximately 5 trillion won ($4.7 billion) to build. Armed with smart technologies, its impressive new features are evident from the moment passengers step into the new terminal. Shilla Duty FreeBy using the Incheon Airport mobile application, passengers can find their way around and locate check-in kiosks and restaurants with the help of a
Jan. 19, 2018
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Widely searched firms less susceptible to stocks plunging: report
The more frequently a company is searched for on the internet, the less likely for the firm to suffer a plunge in its stocks, a report suggested, explaining that transparently disseminated information prevents the crash in advance.The report, authored by a research team led by professors Kim Min-soo and Kwon Hyuck-joon of Soonchunhyang University, analyzed the relationship between the number of searches on search engines and stock crashes in its paper titled “The Effect of Portal Search Intensit
Jan. 19, 2018
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Prosecutors launch probe into iPhone slowdown scandal
Prosecutors said Friday they have begun an investigation into suspicions mounting over the slowdown of older iPhone models, which consumers worldwide have accused Apple Inc. of deliberately causing to make users want to buy a new version. The Seoul Central District Prosecutors' Office said it has formally assigned the case to the intellectual property-related crime unit. The launch of the probe comes a day after Seoul-based civic group, Citizens United for Consumer Sovereignty, filed a complaint
Jan. 19, 2018
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Employees of Samsung Electronics, SK hynix to get huge bonuses: sources
Employees of Korea's two major semiconductor manufacturers are set to receive big bonuses this month for their strong performance last year amid the global boom for chip industries, industry sources said Friday.Samsung Electronics Co. workers in the semiconductor sector will receive annual bonuses, called the Overall Performance Incentive, amounting to up to 50 percent of their annual salary, on Jan. 31, a Samsung official said.Samsung Electronics estimated earlier this month that its operating
Jan. 19, 2018
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CJ O Shopping makes foray into media commerce with CJ E&M merger
With the latest announcement of a merger with the media arm of the group, CJ O Shopping, South Korea’s largest home shopping company by revenue, is expected to make a foray into media-converged commerce and wider overseas markets. CJ O ShoppingCJ O Shopping on Wednesday announced it will merge with CJ E&M, with the finalization slated for Aug. 1 after the plan earns approval at a general meeting of shareholders in June. CJ O Shopping is CJ Group’s home shopping network and has top sales in the i
Jan. 18, 2018
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Samsung, LG dismayed at Trump’s remarks despite overtures
South Korean washer manufacturers Samsung Electronics and LG Electronics on Thursday expressed dismay at US President Donald Trump’s latest remarks describing the Korean firms as “dumping washers into the US.” Trump’s comments came a few days after Samsung started operating its washing machine plant in South Carolina on Saturday, as part of its efforts to localize its products in the US amid an antidumping battle and tariff pressures.In an interview with Reuters, Trump said Wednesday, “South Kor
Jan. 18, 2018
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[From the scene] English newspaper helps remote Nohwa Island bridge gap
NOHWADO, South Jeolla Province -- Lights go out around 9 p.m. in most of the buildings on the island of Nohwado. The day for many of the island’s some 5,000 residents -- largely abalone and seaweed farmers -- begins well before dawn. Exceptions include the only high school on the 25-square-kilometer island about 375 kilometers south of Seoul, where student journalists stay hard at work until 10 p.m. Extracurricular sessions, which include supplementary classes, academic programs and club activit
Jan. 18, 2018
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Coupang launches OneTouch Payment
E-commerce company Coupang has launched OneTouch Payment, the first Korean mobile checkout system that allows online payment with a single touch, the company said Thursday. Coupang’s OneTouch Payment CoupangOnline payment options mostly require an additional authentication step, such as a password, fingerprint or security card. However, Coupang’s OneTouch Payment will allow users to simply click the “Pay” button to check out on its mobile app, the company explained.OneTouch Payment is availa
Jan. 18, 2018
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Nestle unveils KitKat made of new type of 'Ruby' chocolate in Korea
Swiss food giant Nestle unveiled the world's first product made of natural pink "Ruby" chocolate in South Korea and Japan on Thursday, amid growing popularity of uniquely flavored chocolates among local consumers."Ruby," developed by Swiss chocolate producer Barry Callebaut, is the first new type of natural color for the foodstuff since Nestle unveiled white chocolate 80 years ago. Barry Callebaut said no berries, berry flavors or colors were added to make the pinkish color of the ruby chocolate
Jan. 18, 2018
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New Incheon airport terminal features unique duty-free shopping, good eats
The new passenger terminal at Incheon International Airport, which officially began operations Thursday, has been lauded for it high-tech, user-friendly facilities and fine collection of artworks on display, while also catering to the more everyday demands of travelers who want to shop and enjoy good food.The country's big three duty-free shop operators -- Lotte, Shilla and Shinsegae -- all have stores at the new terminal. They don't directly compete, since each is pitching a different line of p
Jan. 18, 2018
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[Photo News] Shake Shack opens world’s largest airport branch in Incheon
(Photo courtesy of SPC)The sixth Shake Shack store in Korea has opened at Incheon Airport’s new terminal. It is the largest among five other branches of the burger chain at airports worldwide. Shake Shack stores in Korea are operated exclusively by SPC Group. The new branch is located on the first basement level of Incheon Airport’s Terminal 2, slated to open Thursday. It will offer a variety of new items including Egg N’ Cheese, Shack Blended Coffee and a dessert called Fly Me to the Shack.Offi
Jan. 17, 2018
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Terminal 2 of Incheon Airport opens Thursday
Incheon Airport officially opens its second terminal Thursday, marking its first large-scale expansion in 17 years armed with smart technologies. A view of Incheon Airport’s Terminal 2 from the control tower. YonhapPassengers at Terminal 2 will be able to complete the whole check-in process in 30 minutes via a host of smart technologies, such as automated check-in services and a face-recognition system, according to Incheon Airport. In addition, larger waiting areas in the departure and arrival
Jan. 17, 2018