Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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KT launches new mobile plans for foreign residents
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[Graphic News] Ice cream sales fall
South Korea’s ice cream sales have declined in the past few years in the face of fewer children and the growing popularity of alternatives, such as iced coffee and shaved ice, a report said. Per capita annual consumption of ice cream fell to 58 servings in 2015 from 71 servings in 2013, according to the report written by the Ministry of Agriculture, Food and Rural Affairs. The report attributed the decrease to the drop in the number of kids, the main consumers of ice cream, and the drastic rise
BusinessSept. 7, 2017
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Medytox launches first TV commercial
Medytox, South Korea’s largest maker of wrinkle-fighting botulinum toxin treatments, has launched its first TV commercial created under the theme of “Studying Time of Mankind”The ad features Korean actor Lee Seo-jin posing within the valleys of Antelope Canyon and Monument Valley in western US. It aims to encapsulate the beauty of nature formed over billions of years.Medytox said it hoped to embody in the ad its vision to grow into a lasting biopharmaceutical company representing Korea in the gl
IndustrySept. 7, 2017
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White House denies Trump’s claim of KORUS FTA withdrawal
Washington appears to be retracting US President Donald Trump’s claims that the US is looking to terminate the Korea-US Free Trade Agreement, said a report by Inside US Trade on Thursday. According to the publication, White House officials have assured key lawmakers that the US government will not be pursuing talks of withdrawing from the 5-year-old trade deal amid opposition by lawmakers and government officials from both countries. “The plan to terminate the agreement had been di
EconomySept. 7, 2017
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Duty-free stores bet on luxury offerings to tackle low sales
Downtown duty-free operators are preparing to open boutiques for in-demand luxury brands in the hope of restoring sales that have fallen with a drop in the number of Chinese tourists visiting Korea.Shinsegae DF, which opened up Cartier and Fendi stores in August, is preparing to open stores for Louis Vuitton and Dior later this month. Shoppers in the fashion section of HDC Shilla Duty Free in IPark Mall (HDC Hyundai IPark Mall)HDC Shilla Duty Free is also preparing a Louis Vuitton boutique at it
IndustrySept. 7, 2017
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Sweeping changes expected in state-run bank leadership
South Korea’s top state-run financial bodies are expecting leadership changes, with candidates -- who worked for the former Roh Moo-hyun administration -- awaiting presidential approval. The Financial Services Commission Chairman Choi Jong-ku recommended Lee Dong-gull, a business administration professor at Dongguk University, to head the Korea Development Bank on Thursday.During the first 18 months of the Roh administration, Lee served as a vice chairman of the Financial Supervisory Commi
MarketSept. 7, 2017
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McDonald's Korea chief expresses regret over burger panic
The chief executive of McDonald’s Korea on Thursday sent out an official statement expressing regret over panic caused by suspected links between health dangers and McDonald’s burgers.“I deeply regret that customers who visited our restaurants may have experienced any related illness,” McDonald’s Korea Managing Director Melanie Joh said in the statement. This is the first time that the company’s leadership has officially expressed regret over the issue.A consumer walks by a McDonald's store in S
IndustrySept. 7, 2017
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Incheon Airport signs MOU with Sakhalin gov, Aurora
CEO of Incheon Airport Chung Il-young (center) shakes hands with governor of the Sakhalin region Oleg Kozhemyako and Aurora head Konstantin Sukhorebrik after signing the memorandum of understanding on Thursday, local time, in Vladivostok, Russia. (Incheon International Airport Corp.)Incheon International Airport Corp. signed a memorandum of understanding with the Sakhalin government and Aurora, a Russian Far East air carrier, to tap into airport development projects in Russia’s Far East, the com
IndustrySept. 7, 2017
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‘Bluetooth may play bigger role in Samsung smart home’
The vice president of Bluetooth Special Interest Group, an alliance of thousands of multinational tech firms, on Thursday said that he expects to see mesh networking technology playing a bigger role in the smart home technologies being developed by South Korean tech giants.“Although mesh networking is mainly designed for industrial areas, it can also be used for smart home areas to control door lock security, heating, cooling and lighting more conveniently by connecting them,” Ken Kolderup, vice
IndustrySept. 7, 2017
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[Exclusive] Harman to hold board meeting with Samsung in Seoul in October
Harman International, a subsidiary of Samsung Electronics, will hold its board meeting in Seoul next month as part of its efforts to accelerate cooperation with Samsung on the car infotainment business, according to the company’s chief executive officer. Harman CEO Dinesh Paliwal told The Korea Herald, “I will visit Seoul next month to attend a boardroom meeting,” at IFA 2017 in Berlin last Saturday. The directors of the Harman board include Paliwal himself, Young Sohn, chief strategy officer of
TechnologySept. 7, 2017
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74% of Korean doctors consider brands when prescribing drugs: report
Seventy-four percent of doctors in South Korea take brands into account when prescribing drugs to patients, a report analyzing behavior and perceptions in the country’s medical sector showed Thursday. The report was compiled by the Seoul-based medical industry research firm Medigate, which surveyed 1,000 doctors nationwide about their prescription decisions as well as perceptions of 20 Korean pharmaceutical companies with the highest revenues in 2016. Medigate found that 74 percent of the respo
IndustrySept. 7, 2017
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Korea to enhance poultry farming environment
South Korea will take steps to enhance the overall environment of poultry farms and ban sales of live chickens and ducks to prevent future outbreaks of avian influenza, the agriculture ministry said Thursday. The Ministry of Agriculture, Food and Rural Affairs said in a joint statement that it will work with a number of different organizations to better prevent bird flu as the country has witnessed several serious outbreaks in recent years, including one that led to the culling of over 33 millio
IndustrySept. 7, 2017
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US singer Andra Day, Hyundai mired in controversy over promotie-in video
US musician Andra Day and Hyundai Motor Co. were accused of falsely hiring unpaid South Korean volunteer musicians in what was known to be the singer's new music video shoot but was actually part of a promotion project for Hyundai, according to participants Thursday.Rockin' 1000, an Italy-based music event group, partnered with ad agency Innocean Worldwide Americas in recruiting volunteer musicians -- singers, guitarists, bass player and drummers -- to be part of "a new music video" for Day's so
IndustrySept. 7, 2017
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People paying maximum healthcare premiums rise steadily in past years: data
The number of salaried people paying the maximum amount of national health insurance premiums has risen gradually over the past few years amid a steady increase in high income earners, government data showed Thursday.The figure for those paying 2.39 million won ($2,117) per month in premiums from a monthly income of at least 78.1 million won jumped to 3,471 as of the end of June from 2,508 in 2012, 2,522 in 2013, 2,893 in 2014, 3,017 in 2015 and 3,403 in 2016, statistics released by the National
EconomySept. 7, 2017
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Chuseok holiday to have mixed effect on S. Korean economy: experts
The 10-day holiday starting late September will likely have mixed effects on South Korea's economy struggling to cope with trade sanctions imposed by China over a missile row, growing protectionism from the United States and geopolitical risks caused by North Korea.The Moon Jae-in government earlier designated Oct. 2 as a one-off holiday to bridge the Sept. 30 weekend with the Chuseok holiday, National Foundation Day and Hangeul Day, which commemorates the invention of the Korean alphabet that f
EconomySept. 7, 2017
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IMF chief calls for boosting proportion of women in workforce
International Monetary Fund (IMF) chief Christine Lagarde called Thursday for boosting the proportion of women in the workforce to fuel economic growth amid rapid population aging in South Korea and some other Asian countries."Korea and Japan, for example, could further increase their focus on reforming secondary earner taxation and boosting child care benefits and tax incentives for part-time work," Lagarde said in a speech at a conference on challenges facing Asian economies in Seoul. She said
IndustrySept. 7, 2017
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Money deposited in overseas accounts up in 2017: tax office
The total amount of money that South Koreans deposited in overseas financial accounts increased in 2017 from a year ago as the authorities push forward efforts to identify hidden assets abroad, the tax office said Thursday.A total of 1,133 people reported overseas accounts this year, up 7.6 percent from a year earlier, with the amount in the accounts also rising 8.9 percent on-year to 61.1 trillion won ($54.1 billion), according to the National Tax Service. Individuals reported a combined 5.1 tr
MarketSept. 7, 2017
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Samsung kicks off preorders for Galaxy Note 8
Samsung Electronics Co. on Thursday kicked off preorders for its new flagship smartphone, the Galaxy Note 8, ahead of the official release slated for later this month.The South Korean giant plans to ship the new phablets to early adopters starting Sept. 15, ahead of the official released slated for Sept. 21.Samsung Electronics finalized the price tag of 64 gigabyte Galaxy Note 8 at 1.09 million won ($962), which is slightly higher than its predecessor, the Galaxy Note 7, which was priced at 989,
TechnologySept. 7, 2017
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Samsung retains No. 1 smartphone maker title as Huawei's makes headway
Samsung Electronics Co. maintained its top global smartphone maker title in June and July, data showed Thursday, with China-based Huawei Technologies Inc. rising to No. 2 for the first time ever on a monthly basis.According to the data compiled by Counterpoint Research, Samsung Electronics accounted for more than 20 percent of the world's smartphone market in the two-month period, holding onto a solid lead.Huawei posted shares hovering above 10 percent in June and July, beating US Apple Inc. for
IndustrySept. 7, 2017
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US not planning to withdraw from S. Korea trade deal for now: report
The United States does not plan to withdraw from its free trade agreement with South Korea for now, a report quoted sources as saying Wednesday.According to Inside US Trade, the White House assured key lawmakers that it would not push forward on its earlier plan to weigh termination of the five-year-old pact known as KORUS.Last week, there were reports that President Donald Trump had instructed advisers to prepare for a withdrawal after the first South Korea-US meeting in August that discussed p
EconomySept. 7, 2017
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Ford, Mitsubishi, BMW to recall 1,278 vehicles
Ford Motor Company, Mitsubishi Motors Corporation and BMW will recall faulty parts in more than 1,000 vehicles sold in South Korea, the transport ministry said Thursday.Ford will recall 626 Lincoln MKZs and eight Fusion sedans manufactured in 2013 to replace faulty door latches. Mitsubishi issued a recall for 606 Outlander SUVs made between 2008 and 2012 due to a potential problem with the front windscreen wiper system. The carmaker has identified a weakness with the electric wiper motor, which
MobilitySept. 7, 2017