Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Hybe's multilabel system tested amid conflict with Ador
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[Photo News] LG robot vacuum cleaner crosses 400,000 sales mark
LG ROBOT VACUUM CLEANER GAINS SALES TRACTION-- LG Electronics said Monday that its robot vacuum cleaner Roboking has crossed the 400,000 mark since the first model of the autonomous vacuum cleaner was released in Korea in 2003. Roboking, equipped with three cameras and 51 sensors for object detection and voice recognition, can be controlled by a smartphone. (LGE)
April 25, 2016
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[Photo News] Samsung Gear VR Adventure
April 24, 2016
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Air purifier market soars on yellow dust concerns
The nation’s air purifier market is soaring as concerns grow over yellow dust, the seasonal wave of dust storms originating from China and Mongolia that now seems to stretch all throughout the year. Last year, the market surged to 600 billion won ($520 million) in sales. The figure is expected to exceed 1 trillion won this year and 2 trillion won in 2017. About 1 million devices are estimated to be sold or rented every year. Korea is a unique market that has grown based on rental services. Coway
April 24, 2016
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LG tops front-load washer sales in U.S.
LG Electronics has topped front-load washer sales in the U.S. in the first quarter, paving the way for it to grab the No. 1 position in the all-important market for the 10th consecutive year. According to market research firm Stevenson Company, LG recorded a 26.4 percent market share in the first three months of this year. In the $900-plus premium category, it also topped the list with a 34.2 percent share. Since topping the list first in 2007, the Korean tech giant has continued to be the best
April 24, 2016
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Samsung Pay accelerates overseas foray
Samsung Pay, a mobile payment service run by tech giant Samsung Electronics, is making global inroads. The Seoul-based tech behemoth announced Tuesday that it would make its mobile payment system available in Singapore in the second quarter of this year -- the first launch in Southeast Asia -- following the launch of the mobile payment solution in the U.S., China and South Korea last year. A Galaxy S7 Edge user uses mobile payment solution Samsung Pay. (Samsung Electronics)The announcement refle
April 22, 2016
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Stork lays eggs at outside facility in central Korea
A released stork has laid at least two eggs in the wild in the country's central region, increasing the prospects of the species' first natural breeding in the country, a research center tasked with restoring the endangered bird said Friday.The Oriental White Stork Park in Yesan, a town in South Korea's central province of South Chungcheong, said its researchers confirmed the eggs at a nest of female stork Minhwang and male stork Manhwang on Thursday. The two are part of eight storks that the pa
April 22, 2016
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Park vows to boost economic momentum via R&D
President Park Geun-hye has pledged that the Korean government would make the utmost efforts to keep the nation’s economy strong by beefing up research and development in the information and communications technology and biotechnology sectors.“The government’s creative economy based on development of science technology and ICT is the one-and-only economic growth engine as well as a stepping stone for the nation’s economy to take the next big leap forward,” President Park said in a speech at the
April 21, 2016
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[Photo News] LG paper laptop video crosses 3 ml views
LIGHT AS PAPER -- LG Electronics’ YouTube video featuring a paper replica of the firm’s laptop Gram 15, a 15.6-inch (40-centimeter) laptop weighing just 980 grams, has crossed 3.5 million views. The paper art piece is made only of paper based on the actual design of the laptop. (LGE)
April 21, 2016
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Korea overly stressed society: Deepak Chopra
Globally recognized author, motivational speaker and leading figure of the New Age movement, Deepak Chopra, has returned to Seoul after two years to share some of his spiritual insights into Korean society and his thoughts on the country’s overly stressed and work-centric society. Chopra presented his latest motivational presentation on the future of well-being, “Super Soul Relay,” to the local audience Wednesday. Doctor, author and alternative medicine motivational speaker Deepak Chopra speaks
April 21, 2016
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Apple revises unfair service agreement with local repair businesses
Apple Korea Inc., the local unit of the U.S. tech giant, has revised its unfair business agreement with local maintenance service firms for the first time in the world, the South Korean antitrust watchdog said Thursday.Apple has designated six local repair firms including Ubase Inc. and Dongbu Daewoo Electronics Service Corp. as its authorized repair service providers that can do business under the worldwide Apple Authorized Service Agreement.The previous agreement let the U.S. firm terminate co
April 21, 2016
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LG Chem’s Q1 net profit rises nearly 40% on-year
LG Chem, South Korea’s leading chemical firm by sales, saw its net profit jump nearly 40 percent on-year in the first three months this year thanks to increased margins in petrochemical raw materials.The firm’s first quarter net profit stood at 338.1 billion won, up 37.3 percent from the same period last year, LG Chem said in its earnings report Thursday. Park Jin-soo (center) and executives of LG Chem visit one of the firm’s factories in Korea. (Yonhap)Compared to the previous quarter, net pro
April 21, 2016
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LG Hausys sets sights on U.S. auto parts sector
LG Hausys, a construction materials firm and affiliate of LG Group, said Wednesday it has completed the construction of a factory in the U.S. in Gordon County, Georgia. The factory will produce materials for car seats, door panels and dashboards, collectively often referred to as automotive skins.The opening ceremony for the factory, dubbed “Autoskin Plant,” took place in the U.S. town on Tuesday. LG Hausys president Oh Jang-soo (left) and local state representative John Meadows look at automoti
April 20, 2016
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Netmarble releases new mobile game ‘Stone Age’
South Korea’s leading mobile game firm Netmarble Games launched “Stone Age,” a new mobile role-playing game, on Tuesday in Seoul.The newly released game features a fictitious, prehistoric world where people resist against industrial revolutions. It is based on a PC online game of the same title, released by Japanese game company Japan System Supply in 1999. Netmarable Games’ new mobile role-playing game “Stone Age.” (Netmarble)Players complete a series of quests, such as winning an one-on-one ba
April 20, 2016
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KT joins forces with DreamWorks Animation
Korean telecommunications companies are desperately seeking ways to overcome breakneck competition in the local mobile network sector.One such effort involves beefing up their media platform businesses, often considered as their future growth engine.On Wednesday, network operator KT joined hands with U.S. filmmaker DreamWorks Animation to provide the latter’s animation content on KT’s IPTV service olleh TV.DreamWorks has produced mega-hit animated movies such as “Shrek,” “Kung Fu Panda,” “How to
April 20, 2016
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'Samsung Display's automotive push late but in right direction'
SHENZHEN, China -- Samsung Display’s latest automotive push may have come late but it is the right direction for its future profitability, a top analyst told The Korea Herald on Tuesday. “Car is becoming an electronic, smartphone-based device. And you need displays to go with it,” said Paul Gray, principal analyst of market research firm IHS.“Those applications are also far more valuable. You are working with companies where you can secure businesses for three to five years as opposed to consume
April 20, 2016
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LG Chem launches fertilizer affiliate
South Korea’s leading chemical company LG Chem launched a fertilizer affiliate, FarmHannong, on Tuesday after completing months-long acquisition efforts.LG Chem chief executive Park Jin-soo will take helm of FarmHannong, formerly owned by Korean conglomerate Dongbu Group, and stabilize the firm’s businesses, including fertilizers and pesticides, according to the chemical firm. The logo of fertilizer firm FarmHannong. (LG Chem)Founded in 1953, FarmHannong is a leader in the agricultural chemical
April 19, 2016
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Samsung SDI aims to speed up global expansion
Samsung SDI, one of South Korea’s leading battery firms, said Tuesday that it has teamed up with Korea Electric Power Corp. to tap into the global energy storage system markets.The state-run utility firm signed a memorandum of understanding with the Samsung Group affiliate to lead a consortium bidding for global energy projects. As a part of the consortium, SDI will supply its ESS technology for future energy projects. KEPCO chief executive Cho Hwan-eik (left) poses with Samsung SDI chief execu
April 19, 2016
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Telecom spectrum auction to begin this month
South Korea’s big three network operators -- SK Telecom, KT, and LG Uplus --on Monday completed their applications to participate in an upcoming spectrum auction, according to the Ministry of Science, ICT and Future Planning Tuesday.A total of five blocks in the 700-megahertz, 1.8-gigahertz, 2.1GHz and 2.6GHz frequencies will be up for sale during the spectrum auction, which is expected to raise at least 2.6 trillion won ($2.3 billion) in total. Executives and officials from network operator LG
April 19, 2016
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IFA seeks to expand presence in China
HONG KONG -- Europe’s largest electronics trade show IFA is seeking to expand its presence in China, by launching a local edition -- CE China -- this week. IFA, which is held every September in Berlin, attracted almost 250,000 visitors last year for the weeklong event. Christian Goke, CEO of Messe Berlin, speaks at IFA’s global press conference in Hong Kong on Monday. Lee Ji-yoon/The Korea HeraldWhile Korean and Japanese companies are still one of the biggest exhibitors, the presence of Chinese
April 19, 2016
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[Photo News] Samsung partners with U.N. for charity
SAMSUNG-U.N. PARTNERSHIP FOR CHARITY -- Kim Jung-hwan (left), manager of Samsung Electronics’ South America headquarters, poses with Amanda Mukwashi, U.N. volunteers’ knowledge and innovation team leader, after signing an agreement to run support programs together for the underprivileged in South America. (Samsung Electronics)
April 19, 2016