Most Popular
-
1
N. Korea says it test-fired tactical ballistic missile with new guidance technology
-
2
[Weekender] Geeks have never been so chic in Korea
-
3
NewJeans members submit petitions over court injunction in Hybe-Ador conflict
-
4
[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
-
5
S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
-
6
[Herald Interview] Byun Yo-han's 'unlikable' character is result of calculated acting
-
7
US Air Force blames power loss, weather for F-16 crash in S. Korea in May 2023
-
8
Samsung expected to introduce new Exynos processor in next Galaxy series
-
9
Ex-president Moon recalls in memoir NK leader voiced will not to use nukes
-
10
US military commander in S. Korea during Gwangju uprising dies
-
Hite Jinro opens Korean-style soju bar in Vietnam
Hite Jinro Co., South Korea's leading liquor maker, said Monday it has opened its first overseas soju pub in Vietnam, setting a goal to open over 20 such bars in the emerging market by 2020. The Korean-style covered street bar, called pojangmacha, opened in the capital city of Hanoi with a localized concept and design, after running a pop-up store in late 2016. The liquor maker said it will open the second street bar next year and increase the number of stores to over 20 by 2020. (Yonhap)"We wi
IndustryOct. 9, 2017
-
Korean reactor design gets European approval
South Korea's state-run nuclear operator said Monday modifications to its APR 1400 nuclear reactor design gained approval in Europe, paving the way for its export bid.The Korea Hydro & Nuclear Power Co. said the EU-APR design, which modified the APR 1400's emergency cooling system, was approved by the European Utility Requirements, a technical advisory group on nuclear power plants. The APR-1400 is an advanced pressurized water nuclear reactor designed by the Korea Electric Power Corp., the same
IndustryOct. 9, 2017
-
City tour buses enjoy popularity among locals
Tour buses that go round popular attractions in Seoul and other major cities are enjoying popularity not only among foreigners but also locals who want to rediscover history, industry data showed Monday. City tour buses provide organized shuttle tours to major city attractions with just a single ticket priced around $10. Passengers can hop on and off the bus that follows a circular route connecting top sightseeing destinations in Seoul and other cities.According to the major e-commerce site Tick
IndustryOct. 9, 2017
-
N. Korea risk emerged as economic recovery confidence gained speed: BOK chief
The North Korea risk triggered by the country's nuclear and missile provocations emerged as confidence in South Korea's economy started to gain some momentum, the head of the central bank said Monday.Bank of Korea Gov. Lee Ju-yeol, after chairing an economic-financial assessment meeting, said that there is a need to carefully keep tabs on uncertainties surrounding Pyongyang. Local media has been pressing the BOK in regards to the overall health of the economy, which could allow the central bank
EconomyOct. 9, 2017
-
Korean telcos set sights on connected cars
Korean telecom companies are speeding up their partnerships with automakers and development of the fifth-generation network infrastructure to embrace upcoming connected and self-driving cars that could become new revenue streams for the telcos.A connected car is a vehicle that provides safety, convenience and infotainment for drivers by integrating automobiles with information technology. It requires a 5G network that enables the transmission of massive data generated from vehicles and road infr
IndustryOct. 9, 2017
-
Google, Facebook, Apple to face audits
Domestic branches of limited-liability companies such as Louis Vuitton, Gucci, Apple and Microsoft will no longer be exempt from external audits, the Financial Services Commission and the National Tax Service said. According to the government agencies’ latest LLC data released Monday, the number of limited-liability companies as of the end of 2015 was 26,858, up 122.1 percent compared to 10 years ago. Last month, the Act on External Audit of Stock Companies was amended after years of debate to
IndustryOct. 9, 2017
-
Construction industry in deepening slump
Korean builders are struggling with deteriorating conditions at home and abroad, raising concerns over the impact of the slumping construction industry on the country’s economy.Local construction orders dropped 3.4 percent from a year earlier in August, following a 33.6 percent decrease in the previous month, according to data from Statistics Korea. The value of accomplished construction works across the country also declined 2 percent on-month in August.This downward trend is set to
EconomyOct. 9, 2017
-
[Monitor] Drivers save W67.7b over toll-free holiday
Nearly 16 million cars in South Korea traveled free of expressway charges during Chuseok holiday, saving a combined 67.7 billion won for three days.According to Ministry of Transport, motorways managed by Korea Expressway Corp. issued 53.5 billion won worth of free toll tickets while roads invested and operated by private entities provided 14.2 billion won worth of free passage. Around 5.88 million vehicles traveled on the day of Chuseok on Oct. 4, a 13.9 percent increase from last year, the min
IndustryOct. 9, 2017
-
[Newsmaker] Samsung stock surge a boon to Lee family
Common stock of firms under South Korea’s largest conglomerate Samsung saw a combined 111.5 trillion won ($97.3 billion) gain in asset value this year, not only spearheading a stock market rally but also awarding 6 trillion won in increased stock wealth to members of Samsung’s owner family, data showed Monday. The combined market cap of 15 Kospi-listed and one Kosdaq-listed common shares affiliated with the conglomerate rose 30.6 percent to 476 trillion won as of Sept. 28, from
MarketOct. 9, 2017
-
Korea's growth to hover under 1% range for two quarters: data
Slowdown in South Korea's economic recovery is expected to cause the country's growth rate to hover under 1 percent for the second quarter in a row, forecast data by the government, central bank and local think tanks showed Monday.According to the estimates, economic growth for the third quarter will likely be in the mid zero percent level, and be similar to the 0.6 percent numbers tallied for the April-June period of this year. The latest predictions based on data provided by the Bank of Korea,
EconomyOct. 9, 2017
-
Innocean wins ad award for Hyundai's global campaign
Innocean Worldwide, the in-house advertising agency for Hyundai Motor Group, won six awards at the 2017 Spikes Asia Festival of Creativity, a prestigious awards event for creative communications in the region, with its global campaign commissioned by the carmaker, the company said Monday. (Innocean Worldwide)In April, the ad company released “Shackleton’s Return,” which was inspired by the Antarctic explorer Sir Ernest Shackleton who saved the crew of the Endurance during his failed South Pole e
IndustryOct. 9, 2017
-
Next Content Fair to kick off in Busan
The 2017 Next Content Fair will kick off at Bexco in Busan on Friday to offer a marketplace for fast-developing visual content ranging from online games to virtual reality programs. The event jointly organized by Korea Creative Content Agency and Bexco, is the first marketplace event to be held in the southern port city, gathering around 150 content creators and buyers from 16 countries. The fair will run through Sunday.Under the slogan “Find Your Future Job in NEXT CONTENT FAIR,” the exhibition
IndustryOct. 9, 2017
-
SK Chemicals’ shingles vaccine wins regulatory approval in Korea
South Korean drug regulators on Monday granted sales approval to SK Chemicals’ herpes zoster vaccine, marking the second ever approval by a country’s regulator of a new treatment targeting the viral disease.The Korean Ministry of Food and Drug Safety approved SK’s Sky Zoster vaccine for use in adults aged 50 and over. It is the second vaccine for herpes zoster to be commercialized globally next to US-based Merck & Co.’s Zostavax approved in 2006.Herpes zoster, also known as shingles, is a viral
IndustryOct. 9, 2017
-
LG Uplus tests UHD IPTV on 5G platform
LG Uplus Corp., South Korea's No. 3 mobile carrier, said Monday it has successfully tested an ultra high-definition quality TV service in a 5G network environment.LG Uplus said it used 5G equipment by Chinese networking giant Huawei to send data to an internet protocol television from its Sangam office building in western Seoul. (Yonhap)The company used fixed wireless access technology at 28 GHz spectrum to provide internet access to homes to demonstrate 5G network's capacity in a data intensiv
TechnologyOct. 9, 2017
-
Hyundai Merchant Marine tops global on-time performance ranking
South Korea's Hyundai Merchant Marines Co. ranked No. 1 in the world in terms of on-time performance of its ships, industry data showed Monday, the first time it topped the list.According to SeaIntel's latest report, a Denmark-based market global intelligence provider, HMM attained 85.4 percent on-time maintenance of its sailing schedule for August. This it said is the highest figure among shipping companies checked, and is 10.2 percentage points higher than the worldwide average for 18 leading
IndustryOct. 9, 2017
-
IoT exhibition to be held in Seoul
More than 200 South Korean firms are poised to showcase various Internet of Things application services and products at an international exhibition in Seoul slated for later this week as Internet connections are penetrating deeper into everyday lives, organizers for the event said Monday.The IoT Korea Exhibition 2017, part of IoT Week Korea 2017, will kick off Tuesday at the Convention and Exhibition Center in southern Seoul for a four-day run. The event, the fourth of its kind, is hosted by the
TechnologyOct. 9, 2017
-
Korean economy in slow expansion stage: budget office
The South Korean economy is currently in an expansionary stage that is notable for being very long and sluggish, the parliamentary budget office said Monday.The report by National Assembly Budget Office based on various official coincident composite and cycle of coincident indices, showed Asia's fourth-largest economy hit bottom in early 2013 and has been making a comeback ever since."The economy has effectively expanded for 52 months as of July," NABO said. It added this is the longes
EconomyOct. 9, 2017
-
Korean shipbuilders to post positive earnings in Q3
South Korean shipbuilders are expected to post positive earnings in the third quarter mainly due to cost cutting and restructuring measures undertaken to cope with challenging market conditions, industry sources said Monday.Hyundai Heavy Industries Co., Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering Co., the country's leading shipyards are all expected to be in the black for the July-September period, market watcher predicted.They, however, said that with many yards stru
IndustryOct. 9, 2017
-
One in three Koreans in debt as they borrowed by to buy houses: report
One in three South Koreans have borrowed money to buy houses, and they took a greater amount of loans than other debtors, becoming one of the main reasons behind the ballooning household debt in Asia's fourth-largest economy, a report showed Monday. A total of 18.57 million South Koreans, 36 percent of the total population, borrowed 1,439 trillion won ($1.2 trillion) from local lenders as of June, with each holding 77.47 million won of debt on average, according to the office of Rep. Chung Sye-k
EconomyOct. 9, 2017
-
Sales at duty-free stores decline during golden holiday
Sales at South Korean duty-free stores fell during the extended holiday season compared to a year ago mainly due to a sharp drop in incoming Chinese travelers, industry officials said Monday. Local duty-free shops have prepared a wide range of promotional events to woo shoppers at home and abroad as China's Oct. 1-8 National Day holidays overlaps with the this year's 10-day long Chuseok holiday in South Korea that kicked off on Sept. 30.Despite the rise in outbound travelers, this year's holiday
IndustryOct. 9, 2017