Most Popular
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[Weekender] Geeks have never been so chic in Korea
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
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S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
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[KH Explains] Why Korea's so tough on short selling
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Actors involved in past controversies return first via streaming service originals
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[Herald Interview] Byun Yo-han's 'unlikable' character is result of calculated acting
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US military commander in S. Korea during Gwangju uprising dies
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‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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Global conference for biotech industry kicks off in Seoul
The 2018 Global Bio Conference kicked off in Seoul on Wednesday, bringing together biotech regulators and industry experts from around the world to support the growth and overseas expansion of South Korea’s biopharmaceuticals businesses. In its fourth edition, the GBC has invited 126 speakers from 32 countries and has drawn more than 3,000 participants including government officials, pharma industry experts and academics. This year’s GBC, which continues through Friday, featured renowned speake
IndustryJune 27, 2018
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[Video] Asian telecom giants eye Shanghai as 5G race unfolds
SHANGHAI -- Some 60,000 officials from the telecommunications industry across the globe flocked to Shanghai on Wednesday as the largest mobile conference in the region kicked off, playing a pivotal role in the industry’s advances into the fifth-generation network. At the seventh edition of the Mobile World Congress Shanghai, global telecom industry officials, analysts and media paid attention to how rapidly China is moving toward the new 5G network era, expressing awe at the increased number of
TechnologyJune 27, 2018
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Samsung to feature enhanced image sensor in new smartphones
SHANGHAI -- Samsung Electronics will equip its upcoming flagship smartphone in the second half of the year with an enhanced image sensor technology, dubbed “Isocell Plus,” for clearer and more accurate photos taken by its smartphones, according to a company official on Wednesday.“The new Isocell Plus will start to be mass produced for adoption by new smartphones slated for launch in the second half of the year,” said an official at Samsung Electronics’ System LSI Business at the company’s exhibi
TechnologyJune 27, 2018
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Concerns raised about unchecked fiscal spending
Warnings have been raised against the increasing reliance of President Moon Jae-in’s government on fiscal spending to carry on what critics say is a mixture of misguided policies.Economists worry that the Moon administration’s eagerness to increase fiscal expenditure as a panacea for curing economic problems, which have been partly exacerbated by its policies, will hurt the country’s long-term fiscal soundness.Since taking office in May last year, Moon has pushed for income-led
EconomyJune 27, 2018
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Watchdog to probe 3 banks' loan interest miscalculation
South Korea’s financial watchdog said Wednesday it will inspect three banks alleged to have overcharged borrowers for more loans by incorrectly calculating the interest. On Tuesday, KEB Hana Bank, Citibank Korea and Kyongnam Bank were revealed to have taken a combined 2.7 billion won ($2.4 million) in revenue from information input errors such as omitting the borrowers’ income or collateral in lending rate calculations. The Financial Supervisory Service said they will be first lookin
MarketJune 27, 2018
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Black rice may help prevent osteoporosis: study
A new study suggested a possibility that black rice might help prevent the onset of osteoporosis.The joint study conducted by Eulji University and Korea University discovered that black rice extract can help prevent osteoporosis, the Rural Development Administration said on Wednesday.In the study, black rice aleurone layer extract was given to lab rats with osteoporosis over a period of 12 weeks and researchers found that bone density and bone strength among the rats increased 8 percent and 11 p
TechnologyJune 27, 2018
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E-Mart to launch Korean version of Japan's discount retailer Don Quijote
E-Mart Inc., South Korea's largest hypermarket chain operator, on Wednesday unveiled its new discount store brand, as it strives lure more consumers out to offline malls in the face of tough competition with online retailers. The 2,513-square-meter store, Pierrot Shopping, will open to the public at the Convention and Exhibition Center in Seoul on Thursday, handling some 40,000 items ranging from electronic appliances to luxury goods and adult supplies, according to the company. (E-Mart)"From th
IndustryJune 27, 2018
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[Advertorial] Posco E&C opens 2nd sales of residential estate in Clark, Philippines
[South Korea’s leading engineering and construction firm Posco Engineering & Construction has opened the second round of sales for a premium residential estate in Clark, the Philippines, after a successful first round last year. The planned The Sharp Clark Hills. (Posco E&C)The Sharp Clark Hills offers the benefits of a natural environment and heightened security. South Koreans recognize Clark as a vacation spot that is relatively close to Korea, where they go to enjoy golf and other leisure spo
IndustryJune 27, 2018
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Bodyfriend slammed for forcing employees to sign health agreement
Bodyfriend, a health and wellness technology company known for premium massage chairs, was hit with criticisms on Wednesday after allegations surfaced that the company forced its employees to sign unfair contract. A model poses with Bodyfriend product. (Bodyfriend)According to some employees, the contract in question contained details such as an agreement by an employee to participate in the company’s wellness program conducted under its medical R&D center. Although the details of the program w
IndustryJune 27, 2018
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[Photo News] Jeju Air x Pinkfong aircraft draws attention
PINKFONG ON FLIGHT -- Korean children’s content producer SmartStudy unveils a Jeju Air plane decorated with its character Pinkfong on Wednesday. The project was launched as part of a joint marketing agreement signed between Korean low-cost carrier Jeju Air and SmartStudy in April. (SmartStudy)
IndustryJune 27, 2018
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Rival parties stand apart over government's drive for 'income-led growth'
Opposition parties have ratcheted up their criticism against the government's drive for "income-driven growth" following their crushing defeat in the recent local elections, calling for an outright review on the policy.The ruling Democratic Party is defending the economic policy, which calls for a virtuous cycle of increasing household income and spending, and the need for an expansionary fiscal policy to buttress it.The South Korean economy heavily depends on conglomerates-led exports
EconomyJune 27, 2018
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T'way tops the list of consumer satisfaction index for 4 years in a row
South Korean budget carrier T'way Air said Wednesday it has retained the top place in the low-cost carrier category of the Global Customer Satisfaction Competency Index 2018 for the fourth consecutive year.The budget carrier said it had high scores in the categories of customer value, global competency and customer loyalty that allowed it to move past rival low-cost carriers.(T'way)The index was based on a survey conducted by the Global Management Association, a Seoul-based body, on about 750 pr
IndustryJune 27, 2018
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Posco’s 12th undergrad volunteer group to kick off next month
Posco, South Korea’s top steel supplier, has recruited 100 volunteers for its 12th undergrad volunteer group Beyond, which will officially kick off next month, the company said Wednesday.The new members of Beyond will visit regions in need of help in Korea and overseas for the next eight months.From July 11-19, they are scheduled to help construct five steel houses in four regions here, including Pohang, South Gyeongsang Province and Namwon, North Jeolla Province, the company said. The 11th grou
IndustryJune 27, 2018
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Govt. calls off scheduled meeting, prompting suspicions over whereabouts of Moon
The government called off a scheduled meeting on deregulation at the last minute on Wednesday, prompting suspicions over the whereabouts of President Moon Jae-in who had been set to attend the meeting.The meeting was originally scheduled to be held at the presidential office Cheong Wa Dae from 3 p.m."Prime Minister Lee Nak-yon suggested the meeting be pushed back,"a Cheong Wa Dae official told reporters, noting the prime minister cited a lack of adequate preparations for the meeting de
EconomyJune 27, 2018
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Daewoo E&C to ramp up bid for overseas nuclear reactor projects
Daewoo Engineering & Construction is seeking to ramp up bids for nuclear reactor construction overseas to lay the groundwork for stable growth amid a change in leadership earlier in June.Plans include bidding in tenders from Saudi Arabia, the United Kingdom, the Czech Republic, Poland, Slovakia and Ukraine, the company said Wednesday.These will come along with Daewoo E&C’s efforts to clinch orders from Libya’s reconstruction and development projects. Internal view of Jordan Research and Trainin
IndustryJune 27, 2018
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Mercedes-Benz, Nissan, Mitsubishi to recall more than 12,000 vehicles
German carmaker Mercedes-Benz and Japan's Nissan and Mitsubishi will voluntarily recall 12,102 vehicles to fix faulty parts, the transport ministry said Wednesday.Mercedes-Benz's recall -- set to begin Friday -- affects 8,929 units of 25 models produced between November 2011 and December 2016 that have airbag defects, including C 220 CDI. Also included are 30 units of GLS 250d 4MATIC manufactured between March and April in 2017, which were found with defects in components linking oil cooler pipe
IndustryJune 27, 2018
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‘Expectations on inter-Korean cooperation overheated’
During a forum on Tuesday, experts on North Korea shared views that overheated expectations of inter-Korean economic cooperation should be moderated, as companies may have to wait a long time before seeing the benefits of economic ties. Following the historic US-North Korea summit earlier this month and the inter-Korea summit in April, media outlets and analysts have expressed an optimistic economic outlook for the two Koreas, while industries and governments busily set up task forces to embrace
IndustryJune 26, 2018
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[Photo News] Volvo Korea launches compact SUV XC40
BRAND NEW XC40 -- South Korean actor Jung Hae-in poses with Volvo’s new SUV XC40 at a launch event in Seoul. Yonhap
IndustryJune 26, 2018
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[Herald Interview] Merck ups focus on materials biz, where Korea is big market
German chemical and life sciences giant Merck KGaA has restructured its performance materials business with aims to strengthen its growth this year — a move that hints at Merck’s renewed attention to its key customers in the space including South Korean display makers Samsung and LG. Merck recently initiated a major restructuring of its performance materials business division. Previously broken down into smaller sub-units by material type, Merck’s materials business is now divided into three ar
TechnologyJune 26, 2018
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Hyundai Motor taps into ESS market with Finland’s Wartsila
Hyundai Motor, South Korea’s No. 1 automotive company by sales, has signed a strategic partnership with Finnish energy firm Wartsila to tap into the energy storage systems market by utilizing used electric vehicle batteries, the company said Tuesday. The move is aimed at securing future growth, while dealing with environmental concerns over used electric vehicle batteries. Hyundai said it is expected to start development of ESS products for industrial use in 2021. “Much spotlight has been put on
MobilityJune 26, 2018