Most Popular
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Debate on 'no-seniors zones' heats up
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S. Korea, Cambodia forge strategic partnership
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Is NewJeans headed for a long 'break'?
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
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[Best Brand] Saean Motors poised to enter Malaysia
Saean Motors, a South Korean electric micro carmaker, is in the final stages of entering the Malaysian market as part of its efforts to diversify its business worldwide.A group of working-level officials from Malaysia’s automaker Go Auto are scheduled to visit Korea next month to examine Saean’s office and research centers here, and clinch a final agreement. It signed a memorandum of understanding with the Malaysia Automotive Institute, an agency under the Ministry of International Trade and In
MobilityJune 29, 2018
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[Best Brand] Wireless vacuum cleaner Swing heads overseas
Swing Corp., which was established in 2002 under a previous name Shinan Greentech, is bringing a new trend to the vacuum cleaner market by introducing new technologies by combining the functions of the wireless wet and dry vacuum. By prioritizing trust with customers over short-term gains, the company, led by its chief O Bu-jeon, has been operating on the philosophy of brining innovative technologies and services, officials explained.Swing began with its WLE-550, 770 brands to introduce its vacu
IndustryJune 29, 2018
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[Best Brand] Vornado Korea thrives in Korean market
Vornado Korea, which has imported air circulators from the US since 2007, continues to thrive in the Korean market. The US-based company Vornado dates back to 1945 in Kansas, where two men experimented with different designs to improve airplane propellers. Through continuous research and development, the propeller designs were applied to household fans and the Vornado Air Circulator was developed.Vornado has revolutionized fans used at homes through its product’s energy efficiency and prec
EconomyJune 29, 2018
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[Best Brand] Lock&Lock, making minimal lifestyle, easier
Amid the trending minimalism across all industrial sectors, Lock&Lock is enabling a minimal kitchen life with modular-type food containers that make home kitchens look simpler and cleaner. Its latest Bisfree Modular Series containers are designed like Lego blocks to enable tidy, stable and space-efficient stacking. When stacked, there are no edges or locks sticking out, hence taking up minimal space in refrigerators. Bisfree Modular Series containers (Lock&Lock)The so-called “6-millimeter hidde
IndustryJune 29, 2018
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[Best Brand] Coway launches innovative CIROO direct water purifier
South Korean company Coway introduced the CIROO (Coway Intensive Reserve Osmosis) direct water purifier on June 18, moving to change the concept of water purifiers.The new product aims to resolve consumers’ dilemma of choosing between functions of a filter and a direct water purification system, the company explained.Originally, reserve osmosis membrane filters have less purified water capacity per length of use due to the dense and detailed nature of the filtering function compared to hol
EconomyJune 29, 2018
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Biogen ups stake in JV Samsung Bioepis to share management with Samsung BioLogics
Samsung BioLogics said Friday that Biogen has exercised its call option to raise its stake in their joint venture Samsung Bioepis to 49.9 percent, putting its long-noted intent to increase its ownership in the biosimilars development company into formal action.The development is expected to be taken into consideration by South Korea’s financial regulators, who are currently investigating a change in Samsung BioLogics’ accounting standards in 2015 that had factored in Biogen’s right to the Bioepi
IndustryJune 29, 2018
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Jailed Lotte chief fends off elder brother's leadership challenge
SEOUL/TOKYO -- The jailed head of South Korean conglomerate Lotte won the support of Japanese shareholders in a vote on Friday to keep his seat in the boardroom of a crucial affiliate in the group's governance structure, cementing his grip on the retail giant from behind bars.Lotte Holdings Co., holding firm for Lotte's Japanese affiliates which also has major stakes in the group's Korean units, rejected the motion to dismiss Shin Dong-bin as a board member during its regular shareholders' meeti
IndustryJune 29, 2018
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Samsung releases Galaxy A6 with Infinity Display
Samsung Electronics Co. said Friday it will start sales of its Galaxy A6 smartphone, which offers high-end features at a more affordable price, in its home market.The 5.6-inch Galaxy A6 comes with Samsung's minimum bezel Infinity Display, boasting a 18.5:9 aspect ratio that allows users to enjoy the widest viewing experience, the company said.The Galaxy A6 was first launched globally in May. Samsung Electronics Co.`s Galaxy A6 (Yonhap)Among the key features of the Galaxy A6 are a 16-megapixel se
TechnologyJune 29, 2018
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[Newsmaker] LG taps Koo Kwang-mo as new CEO
Koo Kwang-mo, the son of LG Group's late Chairman Koo Bon-moo, became a board member of the holding firm and its CEO on Friday, effectively becoming the fourth-generation leader of the family-controlled conglomerate.Koo, who was adopted by the late business tycoon so as to fulfill the LG family's tradition of handing over power to the chairman's eldest son, was named as the newest board member during Friday's shareholders' meeting of LG Corp. He was tapped by the board as CEO later in the day. K
IndustryJune 29, 2018
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Trumps touts revised trade deal with S. Korea
WASHINGTON -- US President Donald Trump took credit Thursday for turning the US free trade agreement with South Korea into a "wonderful deal" for both countries.Trump was referring to a revision the two sides made to the Korea-US trade deal in March, which calls for further opening South Korea's auto market to the United States."We've renegotiated the deal, and subject to signing -- I always say subject to signing because lots of things happen ... But we made a new deal with South
EconomyJune 29, 2018
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Lotte’s top executives head to Japan on motion to dismiss group chairman from board
A delegation of senior Lotte Group executives headed to Japan on Thursday to meet with the heads of the conglomerate’s Japanese counterpart that is taking steps to fire the group’s chief from its board of directors.Hwang Gag-gyu, vice chairman of Lotte Group, and three other senior executives of the conglomerate left for Japan, a day ahead of a shareholders’ meeting by Lotte Holdings. Shin Dong-joo, former vice chairman of Lotte Holdings, has proposed to dismiss Shin Dong-bin, his younger brothe
IndustryJune 28, 2018
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[Video] E-mart’s new discount store attracts shoppers on opening day
Hundreds of shoppers flocked to the first branch of E-mart’s new discount store chain Pierrot Shopping on its opening day Thursday. Located at Coex in Samseong-dong, southern Seoul, the two-story shop garnered anticipation on the internet before its opening. Curious shoppers flooded the store, forming long checkout lines, while onlookers at the shopping mall turned their heads.(Shot and edited by Park Ju-young / The Korea Herald)The new discount store chain by Shinsegae, which runs discount reta
IndustryJune 28, 2018
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Hyundai E&C starts sale of Byeolnae Stayone
Hyundai Engineering and Construction said Thursday it has started sales of Hillstate residential complex lots in Byeolnae, Namyangju, Gyeonggi Province, this month.The Stayone complex comprises three 46-story buildings with a total 578 households. Hillstate Byeolnae Stayone (Hyundai E&C)They are the highest building to sit in the planned new town of Byeolnae bearing the company’s premium Hillstate brand.Though not categorized as an “apartment,” the Stayone complex is registered as a residential
IndustryJune 28, 2018
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FTC’s exclusive right to charge businesses likely to be maintained
South Korea’s antitrust watchdog is likely to retain its exclusive right to charge businesses despite prosecutors’ claim that it should be abolished with intent to expand their investigation power, based on a report by a special committee.On Thursday, the special committee dedicated to reforming the nation’s fair trade law announced the results of a three-month review. The highlight was whether to abolish the Fair Trade Commission’s exclusive right to charge businesses. Under the current law, pr
IndustryJune 28, 2018
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[Advertorial] Samsung supporting single parents to be self-sustained
Samsung Electronics is helping single parents become self-sustained through mentoring and the provision of home appliances necessary for child rearing. Samsung Electronics executive Kim Hyun-sook (left) delivers Samsung dryer “Grande” to Aeranwon director on Tuesday. (Samsung Electronics)On Tuesday, employees of Samsung’s home appliance division visited Aeranwon, a non-profit organization for single parents, to deliver its large-sized dryer “Grande” and baby care washers, according to the tech f
IndustryJune 28, 2018
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LG Electronics leads premium TV market with OLED TV
LG Electronics is leading the global premium TV market on the back of successful sales of its organic light-emitting diode, or OLED, TVs that have been gaining popularity for its top-notch quality and relative affordability. The Korean tech firm’s home electronics division recently set a milestone by logging a record-high operating margin of 14 percent in the first quarter of this year, riding on the successful sales of its premium OLED TVs. LG Electronics’ OLED TV AI ThinQ (LG Electronics) LG
BusinessJune 28, 2018
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LG Chem kick-starts sales of Enbrel biosimilar in Korea
LG Chem, the chemicals and biopharma business unit of South Korea’s LG Group, said Thursday that it has officially begun selling its Enbrel-referencing biosimilar, Eucept, in Korea. Eucept is the first monoclonal antibody drug developed by LG Chem. It was approved by Korea’s Ministry of Food and Drug Safety in March for the treatment of conditions including rheumatoid arthritis, axial spondyloarthritis and psoriasis. As marketing and sales activities are now kicking off, LG Chem said it hope
IndustryJune 28, 2018
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SK Innovation achieves ‘deep change’ focused on chemical business
SK Innovation, South Korea’s top oil refiner, has shifted the focus of its business to the chemical sector, securing a stable profit generator, the company said Thursday.The firm’s chemical business posted 284.8 billion won ($253.8 million) in operating profit, accounting for some 40 percent of its total earnings in the first quarter of this year, the company’s figures showed.Its chemical business looks set to surpass 1 trillion won in operating profit this year for the third consecutive year. S
IndustryJune 28, 2018
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Startup True Short launches service tracking institutional short selling
South Korea‘s financial technology startup True Short unveiled Thursday a service that tracks information related to institutional short sellers’ activities.The service, run on paid subscriptions on True Short online platform, aims to enable retail investors to gain access to information exclusive to institutional investors and take pre-emptive actions against a possible fall in stock price due to institutional short-selling practice.The service offers a listed share‘s outstand
MarketJune 28, 2018
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[Newsmaker] Korean Air Chairman Cho Yang-ho feels the heat
Sullen and quiet, Korean Air and Hanjin Group Chairman Cho Yang-ho on Thursday stood on what has now become a familiar spot for his family: a marker on the ground in front of the prosecution’s office before dozens of flashing cameras. Korean Group Chairman Cho Yang-ho appears at the prosecution on Thursday. (Yonhap)“I’m sorry. I will tell everything to the prosecution,” the 69-year-old chairman told swarms of reporters in front of the Seoul Southern District Prosecutors’ Office. He was the four
IndustryJune 28, 2018