Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Daewoo Ship rises after creditors pledge to provide funding
Daewoo Shipbuilding & Marine Engineering Co., the world's second-biggest shipyard, rose the most in two months in Seoul trading on expectations creditors?plan to provide 4.2 trillion won ($3.7 billion) in funds will help ease concerns about its cash position.Shares of Daewoo Shipbuilding jumped as much as 8.5 percent, the biggest intraday gain since Aug. 25, to 7,400 won and traded at 7,050 won as of 9:56 a.m. in Seoul. The stock has fallen 62 percent this year after reporting big losses due to
Oct. 30, 2015
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[Advertising Award] IFEZ emerges as a global city
Industry Awards / Investment AttractionIncheon Free Economic Zone Authority The Incheon Free Economic Zone started as one of Korea’s free economic zones, and became a global city and key location for driving Korea’s economic growth. The accumulated amount of foreign direct investment, which began at $1 million, totaled $6.78 billion as of September. A total of 13 international organizations, including the Green Climate Fund and the World Bank Korea Office, have also moved to the IFEZ, and it has
Oct. 30, 2015
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[Advertising Award] Light up world with cables: LS
Industry Awards / Cable & SystemLS Cable & System As the flagship affiliate of LS Group, the power cable company has committed to building communications and power infrastructure across the world under the vision of “One world with power lines.” The company’s core business helps the economic development of a nation by improving the circulation of information and power delivery. LS Cable & System, founded in 1962, has advanced into one of the world’s best power cable suppliers in a half centur
Oct. 30, 2015
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[Advertising Award] SK Broadband prioritizes customer satisfaction
Industry Awards / TelecommunicationSK Broadband SK Broadband has always been at the forefront of technology trends, being the first in the world to commercialize high-speed Internet ADSL in 1999, and the first in Korea to establish an IPTV service in 2006. On the basis of our management policy that gives priority to enhancing customer value, SK Broadband is making its best efforts to bring happiness and value to them in an era of convergence. Yang Seung-cheon, Head of marketing strategy HQFor t
Oct. 30, 2015
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Samsung continues drive to streamline businesses
Samsung Group has decided to sell its affiliate’s stake in chemical units to Lotte Chemical, an apparent move to focus on its flagship businesses including information technology and electronics.In separate regulatory filings on Friday, the group’s affiliates -- including Samsung Electronics, Samsung SDI, Samsung C&T, Samsung Electro-Mechanics and Hotel Shilla -- said they would sell off their entire stake, totaling 31.5 percent and valued at 470 billion won ($412 million), in Samsung Fine Chemi
Oct. 30, 2015
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[Advertising Award] Shinhan Card strives for better customer services
Industry Awards / Credit CardShinhan Card Shinhan Card, as the No. 1 credit card firm in market share with the number of customers reaching 22 million, is continuously trying to offer customers better services despite the rapidly changing business environment. In the fintech segment, in particular, Shinhan has been making full-fledged efforts to improve customer convenience, as it recently set up a mobile-based ecology in which 3.5 million customers spend more than 300 billion-won ($270 million)
Oct. 30, 2015
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[Advertising Award] LG Electronics paving way for OLED TV era
Marketing Awards / Grand PrizeLG Electronics We would like to express our gratitude for The Korea Herald readers and customers, as well as the jury for the awards. We believe that our confidence in the quality of our organic light-emitting diode TV products led to these positive evaluations. As our customers experienced, our OLED TVs are totally different from conventional televisions that rely on backlights. Each of the pixels on an OLED TV emits light, making perfect, clear and natural colors
Oct. 30, 2015
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[Advertising Award] SK steps up efforts to revitalize social enterprises
Creative Awards / Grand PrizeSK Today, change is happening more quickly than ever. And along with continuing change comes a range of new problems that our society needs to address, which can no longer be tackled by the government alone. Hence, we need tailored solutions to target diverse societal issues. In catching a colony of mice, a hundred cats may be more effective than a single lion. A social enterprise refers to a firm that sets its chief objective as solving society’s problems while purs
Oct. 30, 2015
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[Advertising Award] Renault Samsung infuese art with cars
Creative Awards / Gold prizeRenault Samsung MotorsWe are faced with the fiercest competition ever in the automotive advertising and promotions market, and the Art Collection II advertisement’s gold prize for the Creative category means a lot to us. The Art Collection campaign infusing automobile and artistic sensuality kicked off in 2013 by using the works of Vincent Van Gogh as the centerpiece. Now, it has evolved into the Art CollectionⅡ. Chung Ji-eun, Marketing communications team chiefWe wan
Oct. 30, 2015
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[Advertising Award] Coway educates children on healthy habits
Industry Awards / Water PurifierCowayCoway has endeavored to communicate with our customers through messages that we hope will bring fruitful changes to our society. As a part of such efforts, Coway has been carrying out campaigns over the years to inform people the importance of drinking water for better health. In 2013, we launched a campaign targeting teenagers to help them replace the habit of drinking beverages with clean, purified water. And last year, we took a step further with the “Wate
Oct. 30, 2015
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[Advertising Award] LG Chem links chemistry, life
Principal Awards / Silver PrizeLG ChemThe LG Chem PR commercial that won the award is the result of explaining what chemistry means for individuals and society in a way that the general public can understand.The chemical industry is an important industry that forms the foundations of society, but it is not a field that is easily accessible, thus there is a low degree of understanding of the industry. Many do not know that chemistry has a close relationship with a person’s everyday life.The main
Oct. 30, 2015
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Hyundai tops 10m sales in U.S.
Hyundai Motor, the nation’s largest automaker, said Thursday its cumulative sales in the U.S. topped 10 million units in about three decades after its entry into the world’s second largest auto market. Hyundai began selling cars in the U.S. in 1986, with the export of the subcompact Excel. Despite very little awareness of the Hyundai brand or its products, the customer response was immediate -- Hyundai sold 168,882 Excels right out of the gate. Within seven months, Hyundai sold its 100,000th Exc
Oct. 30, 2015
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Delayed ratification of China FTA irks businesses
Concern is mounting over the growing possibility that the ratification of a free trade agreement signed between Korea and China in June will be held hostage to an intensifying partisan feud between the two main parties.In her address to the parliament Tuesday, President Park Geun-hye asked lawmakers to quickly ratify a series of free trade deals the country has concluded with China, New Zealand and Vietnam. She particularly noted a delay in ratifying the FTA with China would cost Korea about 4 b
Oct. 30, 2015
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[Advertising Award] SKT: Delivering real meaning of connection
Principal Awards / Gold PrizeSK Telecom “Hyperconnectivity” has been the keyword of IT-related industries this year. Connectivity is happening in every possible way in our lives, not only between humans, but also from human to things, and things to things (so-called Internet of Things).This phenomenon made SK Telecom think about the actual value of connectivity. In the world where we can connect to whomever and whatever we want, are we really connected? Yoon Yong-chul, Senior vice president of P
Oct. 30, 2015
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[Advertising Award] Galaxy Note 5 boasts Samsung’s phablet leadership
Principal Awards / Grand PrizeSamsung ElectronicsThe commercial gained positive reviews among customers as it described Samsung Electronics’ relentless innovation as the phablet market leader in an intuitive and sophisticated manner. The latest Galaxy Note 5 boasts improved functionality and design. The signature stylus S Pen has more functions. Users can write on the screen even when the phone is not activated. Our TV commercial also aims to highlight bright moments of our daily lives due to t
Oct. 30, 2015
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[Advertising Award] Commercials that open the heart
At times of economic recession, customers tend to close their wallets and businesses tend to try to reduce commercial costs, as the effects of commercial are not as immediate, especially considering the cost of creating them. However, companies should be aware that commercials open customers’ hearts, and eventually their wallets. During an economic downturn, customers are conflicted as the urge to spend and the urge for restraint clash with each other. In this case, companies should solve such i
Oct. 30, 2015
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Over 20% of public firms found to be 'zombies'
More than one in five South Korean public firms was found to be unprofitable and highly indebted, data showed Friday, pointing to the need for reforms to save taxpayers' money. Some 40 out of the country's 190 state-run companies and public institutions, or 21.1 percent, turned out to have failed to generate a large enough operating profit to pay taxes and interest payments as of the end of 2014, according to the data compiled by corporate tracker Chaebul.com.The data was based upon the public f
Oct. 30, 2015
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Samsung Heavy faces cancellation of ship order upon delivery
Samsung Heavy Industries Co., a major South Korean shipbuilder, is facing cancellation of an order for a $181 million drill ship that has already been built and is ready for delivery, the company said Thursday.The ship, Pacific Zonda, was set to be delivered to Luxemberg-based Pacific Drilling on Tuesday, but the offshore drilling company has refused to accept the delivery and said it was canceling the order, company officials said.Pacific Drilling cited a delay in delivery, which was originally
Oct. 29, 2015
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Creditors to pump W4.2tr into DSME
Creditors of Daewoo Shipbuilding & Marine Engineering Co. will pour 4.2 trillion won ($3.68 billion) into the ailing shipyard to help it get back on track, the main creditor bank said Thursday.The cash injection is part of a comprehensive plan crafted by the main creditor Korea Development Bank and others to rescue the troubled shipbuilder. The plan also includes restructuring measures and, in the long run, a privatization scheme. (Yonhap)Daewoo, the world’s top shipbuilder by order backlogs, ha
Oct. 29, 2015
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KFS steps up forest biomass business
The Korea Forest Service will lumber 300 hectares of trees per year in Indonesia starting from 2016 to produce wood pellets for fuel in a forest biomass project to foster Indonesia’s energy industries and cope with climate change.The forest maintenance agency outlined the plan at a two-day international symposium on forest biomass held in Semarang, Indonesia, since Wednesday, where it presented the Korean government’s policy on forestry and its investment in forest plantation in foreign countrie
Oct. 29, 2015