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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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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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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More med professors to take day off each week while govt. urges them to stay
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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KT, Korean Air, CJ chosen for ministry drone test project
The government said Friday that it has selected 15 consortia and four sites to conduct the country’s first aerial drone test scheme in a bid to verify the safety of drone use for land surveillance, safety inspection and package delivery purposes. The pilot project’s goal is to examine the commercial potential of drones and set up safety standards to make the technology viable, according to the Ministry of Land, Infrastructure and Transport.“The drone test project will be accelerated as the parti
Oct. 30, 2015
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Bank account switching system sees 1st day rush
The bank account switching system was inundated with requests when it opened Friday.Customers of 16 major local banks can now log onto the Pay Info webpage (www.payinfo.or.kr) between 9 a.m. and 5 p.m. with their electronic authorization certificate and transfer the automatic payment settings of their former account to a new one with just a few clicks.Previously, customers had to contact every institution where they registered their automatic bank payments and change or cancel each setting.Autho
Oct. 30, 2015
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[Photo News] For close trade partnership
FOR CLOSE TRADE PARTNERSHIP -- Korea’s Minister of Trade, Industry and Energy Yoon Sang-jick (right) shakes hands with Japanese Minister of Economy Motoo Hayashi at their regular meeting for close trade ties at a hotel in Seoul on Friday. (Yonhap)
Oct. 30, 2015
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Chanel pushes handbag prices hike
French luxury fashion house Chanel on Friday announced a hike in the price of its iconic handbags by up to 7 percent in Korea starting Nov. 1, in order to “be on par with Chanel prices globally.”The notoriously reclusive brand said it would readjust the price tags twice a year -- which analysts say could lead to an unstable future for the bags that are often used for “investment purposes” in Korea. According to Chanel Korea, the items subject to the price hike include the Boy Chanel small size -
Oct. 30, 2015
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KT, Korean Air, CJ Korea Express picked for drone test project
The government said Friday that it has selected 15 consortia and four sites to conduct the country’s first aerial drone test scheme in a bid to verify the safety of drone use for land surveillance, safety inspection and package delivery purposes. The pilot project’s goal is to examine the commercial potential of drones and set up safety standards to make the technology viable, according to the Ministry of Land, Infrastructure and Transport.“The drone test project will be accelerated as the parti
Oct. 30, 2015
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Bank account switching sees first day rush
The bank account switching system started off with a bang on Friday.Customers of 16 major local banks can now log onto the Pay Info webpage (www.payinfo.or.kr) between 9 a.m. and 5 p.m. with their electronic authorization certificate and transfer automatic payment settings of their former account to a new one with just a few clicks.Previously, customers had to contact every institution where they registered their automatic bank payments and change or cancel each setting.Authorities expect the sw
Oct. 30, 2015
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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