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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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Medical profs at top hospitals suspend surgeries, clinics
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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Police to open alleged stalking probe over pastor over Dior bag scandal
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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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Seoul to deploy more military doctors to fill med prof void
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Samsung Electronics ranks No. 2 in R&D spending in 2013
South Korea's top tech giant, Samsung Electronics Co., ranked No. 2 in research and development (R&D) spending for the second consecutive year in 2013, data showed Tuesday.According to the Korea Institute of Science and Technology Evaluation and Planning (KISTEP), which cited the data compiled by the European Commission, Samsung spent 10.16 billion euros (US$12.12 billion) on R&D projects in 2013, lower than the 11.7 billion euros by German carmaker Volkswagen AG.U.S.-based Microsoft Corp. with
Jan. 6, 2015
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Combined sales of Hyundai, Kia in U.S. hit record high in 2014
Hyundai Motor Group, the world's fifth-largest automaker, said Monday that its U.S. sales reached an all-time high in 2014 despite lingering worries over slowing global economic recovery and intensifying competition from Japanese rivals supported by the weak yen.Hyundai Motor America (HMA) and Kia Motors America (KMA), the distribution and marketing arms of the group's flagship companies, said that they sold 725,718 cars and 580,234 vehicles last year, up 0.7 percent and 8.4 percent from a year
Jan. 6, 2015
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Samsung to fund US$100 mln to IoT developers
South Korea's top tech giant, Samsung Electronics Co., said Tuesday it plans to inject US$100 million into funding start-ups and developers of the Internet-of-Things (IoT) technologies, adding all Samsung products will be connected to the IoT network by 2020."The IoT is the source of infinite potential that can enrich livelihoods and protect people depending on their needs and situations, further changing society and the economy," said Yoon Boo-keun, who heads Samsung Electronics' consumer produ
Jan. 6, 2015
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Hyundai Motor to invest 81 tln won by 2018
Hyundai Motor Group, the world's fifth-largest automaker, said Tuesday it will invest about 81 trillion won (US$73 billion) over the next four years as it seeks to become a global leader by improving facilities and securing core technologies. Hyundai Motor Group said it will spend 49.1 trillion won in building new plants and expanding facilities by 2018, and invest 31.6 trillion won on research and development. The large-scale investment is aimed at obtaining key technologies needed to produce e
Jan. 6, 2015
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Taeyoung Engineering wins 55.28 bln won order in Bangladesh
South Korean builder Taeyoung Engineering & Construction Co. said Monday it has clinched a 55.28 billion won (US$49.76 million) order to build a water treatment plant in Bangladesh. Under the deal with Chittagong Water Supply and Sewerage Authority, a semi-autonomous municipal utility that provides water supply and sanitation services in Bangladesh, Taeyoung will construct a water treatment facility in the southeastern port region of Modunaghat in the South Asian country, the company said in a r
Jan. 5, 2015
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Daum Kakao takes over childcare solution provider
South Korea's top mobile messenger operator Daum Kakao Corp. said Monday it has purchased a whole stake in Kids Note Inc., a local childcare solutions provider, in line with its efforts to expand its "online to offline (O2O)" business portfolio.Under the move, Daum Kakao plans to offer childcare application services to 14,000 local kindergarten, private institutions, and other childcare-related institutions in South Korea. The companies did not reveal the size of the deal.Kids Note allows instit
Jan. 5, 2015
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Doosan Heavy bags 340 bln won order from Kazakhstan
Doosan Heavy Industries & Construction Co., South Korea's leading power equipment maker, said Sunday that it has clinched a 340 billion won (US$308 million) deal to build a power plant in Kazakhstan.Under the deal with Karabatan Utility Solutions, Doosan Heavy will build the coal-fired power plant with a 310-megawatt capacity in Atyrau on the northern banks of the Caspian Sea.The construction of the power plant will be completed by February 2018, according to Doosan Heavy.South Korean companies
Jan. 4, 2015
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Ministry launches inspection on handling of ‘nut rage’ case
South Korea’s transportation ministry launched an internal inspection Thursday into how it conducted its investigation into Korean Air’s “nut rage,” pressured by mounting criticism that it intended to acquit the airline and its troubled former vice president.“We will thoroughly review all proceedings of the investigation to see if there were any flaws,” an official from the Ministry of Land, Infrastructure and Transport said, asking not to be identified.The chief steward of a Dec. 5 Korean Air f
Dec. 18, 2014
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Hyundai Motor's union declares breakdown in labor talks before start of summer break
ULSAN, July 31 (Yonhap) -- Union leaders of South Korea's top automaker on Thursday declared a breakdown in wage talks before workers take time off for summer break. The announcement, which followed the 14th wage and collective bargaining agreement negotiation at the carmaker's main production plant in this industrial city 414 kilometers southeast of Seoul, claimed workers have reached the end of their patience and laid the blame for the lack of progress on prevarication by the management.Manag
July 31, 2014
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Apple launches Red Friday Sale
Apple launched its Lunar New Year Sale on Friday, dubbed Red Friday, offering Macs, iPhones, iPads and iPods at discounted prices. “This Friday, 10 January, is our special one-day shopping event. Browse the Apple Online Store now for great gift ideas,” Apple said. The tech giant is offering deals on Macs, the iPhone series -- iPhone 5s and 4s, iPads, iPods and accessories like the Smart Cover, which are available at both retail stores and online at www.apple.com. It is noteworthy th
Jan. 10, 2014
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[Best Brand] Hydraction leads spread of ‘hydrogen water’ generators
Hydraction in red and blueChi Eun-sang, founder of World Hydro-Tech Inc., and his researchers have been devoted for 35 years to developing water treatment technology, such as water purification, desalination, and waste water recycling. They developed Hydraction, a hydrogen-rich water generator that has received an international patent and is expected to play a leading role in spreading the use of the invention.Hydrogen-rich water is said to have anti-aging effects. Hydrogen molecules function as
Dec. 26, 2013
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[Best Brand] Air France to unveil new business class
An Air France flight attendant serves a passenger. (Air France)Air France is recently ramping up efforts to elevate its in-flight services overall, ranging from cabin amenities to exquisite meals.As part of the efforts, the airline puts considerable resources into upgrading its business-class experience.Its in-flight meals are the ultimate expression of French culinary tradition. For the first time in its history, the airline has recently named a young chef in his 30s. The 33-year-old Thibaut Ru
Dec. 26, 2013
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[Best Brand] Green Cross’ Novalac offers soothing powered milk
Novalac powdered milkNovalac, a powdered milk brand sold by Green Cross, is designed to offer a soothing formula for infants that are often prone to stomach aches and diarrhea because they aren’t able to properly digest powdered formula. Novalac was first exclusively introduced here in 2007 by Green Cross, which brought it in from France-based United Pharmaceutical. A team of experts including nutritionists and psychiatrists helped to develop the formula after taking into consideration the diffe
Dec. 26, 2013
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[Best Brand] Mad for Garlic marks new territory
A dish served at Mad for GarlicMad for Garlic is Korea’s first wine and garlic specialty restaurant which broke ground by featuring garlic as its main ingredient as well as incorporating it into its brand name. As an interest in health is growing and health benefits of garlic have been proven, Mad for Garlic’s dishes have gained a cult following. Rather than using a central kitchen system, the entire cooking process starts with raw materials in the kitchen of each branch to bring the freshest fo
Dec. 26, 2013
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[Best Brand] IFEZ brand helps create business hub in NE Asia
G-Tower building in Songdo of the IFEZWith the acceleration of mobility of global citizens, cities around the world are in competition to brand themselves in order to attract global talent.Besides well-known metropolitan cities in Korea like Seoul, cities in free economic zones, aiming to be business-friendly global cities, have gone to the forefront of city branding.The Incheon Free Economic Zone, the nation’s first FEZ, designated in 2003, launched its brand strategy in 2008, unveiling a logo
Dec. 26, 2013
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Samsung Electro-Mechanics to sell its stake in Samsung Card
Samsung Electro-Mechanics Co., an affiliate of South Korea's biggest conglomerate Samsung Group, said Friday that its board has decided to sell its entire stake in Samsung Card Co. to improve its financial health and resources.Samsung Electro-Mechanics plans to sell its 4.42 million shares to Samsung Life Insurance Co., another Samsung Group affiliate, for 157.6 billion won (US$149.7 million), the company said in a regulatory filing.The stake sale was to be made through a block deal after the cl
Dec. 13, 2013
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Arrest warrant sought for Hyosung chairman
Prosecutors said Friday they are seeking an arrest warrant for the head of family-run conglomerate Hyosung Group on suspicions that he created large amounts of slushfunds and evaded taxes.Chairman Cho Suck-rai, who was summoned by prosecutors twice earlier this week for questioning, is facing multiple charges including embezzlement, tax fraud and breach of trust, prosecutors said."Senior prosecutors at the Seoul Central District Prosecutors' Office have decided to seek the warrant for (Cho) afte
Dec. 13, 2013
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Korsoa releases waterless shampoo
Korsoa, traditionally an automobile parts supplies and a winner of the $5 million export award, is tapping into new consumer markets. The company has developed a waterless bubble-type shampoo line called “the Shampoo,” which is suitable for patients, pregnant women and elderly people who cannot move freely. Users can shampoo their hair without using water, anytime and anywhere. The product uses natural ingredients approved by the Food and Drug Administration and does not use chemical solvents li
Dec. 9, 2013
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Daewoo E&C leads Africa construction market
Daewoo Engineering & Construction, the nation’s third-largest construction firm, is emerging as a leading builder in Africa.Over more than 30 years, the company has landed 420 overseas construction contracts worth some $47.9 billion in about 46 countries.In particular, the company has earned $25.5 billion in Africa, about one third of the $72.1 billion that domestic contractors have so far won on the continent altogether.The company’s success in Africa is mainly a result of reaching out to place
Nov. 17, 2013
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Dongbu Group to sell affiliates to tide over crisis
South Korean conglomerate Dongbu Group said Sunday it plans to sell two of its affiliates and other assets in a bid to tide over a crisis and improve its financial health.Dongbu Group said it plans to sell stakes in its electronics unit Dongbu HiTek Co. and Dongbu Metal Co. by 2015, and also have its other affiliates sell assets to secure a combined 3 trillion won ($2.82 billion).The conglomerate has been making self-rescue efforts under a contract with the state-run Korea Development Bank, the
Nov. 17, 2013