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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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Woman gets suspended term for injuring boyfriend with knife
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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[Herald Interview] ‘Meaty rice will become reality sooner than you think’
A Korean research team has recently unveiled a bowl of pink rice, a new lab-made hybrid rice, which they say could offer a cheaper and more sustainable source of protein not just for those on a vegan diet, but also for countries still reeling from food crises. “The lab-made beef rice could hit supermarket shelves sooner than you think if regulatory issues are cleared,” Hong Jin-kee, a chemical and biomolecular engineering professor at Yonsei University and the leader of the research
IndustryMarch 18, 2024
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Celltrion's Zymfentra makes US debut
Korean biopharmaceuticals firm Celltrion announced Monday that its new autoimmune disease treatment Zymfentra has been launched in the US market. Zymfentra is a subcutaneous injection formulation of Celltrion's infliximab Remsima. In October last year, the US Food and Drug Administration approved Zymfentra (infliximab-dyyb) for the maintenance treatment of adults with moderately to severely active ulcerative colitis and Crohn’s disease. "Infliximab is a well-established treatment
IndustryMarch 18, 2024
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S. Korean stocks close higher ahead of US Fed meeting
South Korean stocks closed slightly higher Monday ahead of a US Fed meeting where investors believe signs of a possible rate cut down the road may emerge. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index gained 19.00 points, or 0.71 percent, to close at 2,685.84. Trade volume was moderate at 401 million shares worth 9.35 trillion won ($7 billion), with losers outnumbering gainers 439 to 434. Institutions were the sole buyers, net purchasing 22
MarketMarch 18, 2024
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Igis to create fancy office complex in central Seoul
Local real estate asset manager Igis Asset Management is set to move forward with its plan to refurbish the office area near the Seoul Station, having recently acquired two office properties on the site. The asset manager announced Monday it had acquired Metro Tower (41,139.6-square-meters) and Seoullo Tower (27,897.5-square-meters) in the area, which connects with another property owned by the company, the Millennium Hilton Seoul. Through the project, the area, situated near the iconic Namsan,
IndustryMarch 18, 2024
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Kumho Tire to make EV push with EnnoV rebrand
Kumho Tire recently introduced EnnoV, the company's newly branded lineup of tires designed specifically for electric vehicles, stepping up its game in the EV tire competition with Hankook Tire & Technology’s iON brand. The launch took place during the EnnoV Experience Day at the Korea Automobile Testing & Research Institute in Hwaseong, Gyeonggi Province, on March 15. EnnoV marks a significant rebranding effort by Kumho Tire, consolidating its EV-specific tires, including models su
MobilityMarch 18, 2024
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Dyson founder visits Seoul for global debut of new hair dryer
James Dyson, the founder and senior engineer of UK home appliance giant Dyson, visited Seoul on Monday to unveil the company’s new hair dryer, the Dyson Supersonic Nural. The new hair dryer, which is designed to better protect hair and the scalp from heat, made its global debut in Korea, one of the brand’s top-selling markets. The 76-year-old Dyson founder showed his appreciation for the local market as he took the stage to introduce the new machine in person. “What we are tryi
IndustryMarch 18, 2024
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K-water to share know-how with Vietnam
Korea Water Resources, the state-run water management agency, announced Monday that it has partnered with Vietnam’s National Center for Water Resources Planning and Investigation to address the country's water concerns and mitigate against climate change impacts. The collaboration was formalized through a memorandum of understanding signed at the International Conference on Water held in Hanoi, Vietnam, on March 15. Vietnam grapples with water scarcity as it is located downstream of t
IndustryMarch 18, 2024
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Korean Air to expand flights to pre-pandemic levels
Korean Air on Monday said it plans to expand the number of its international flights for the upcoming summer season, elevating its operational rate to nearly 96 percent of pre-pandemic levels. From March 31 through Oct. 26, the company will resume operations of weekly flights to four cities, including China’s Zhengzhou and Zhangjiajie, as well as Zurich and Bangkok. The Incheon-Zurich route will have three weekly flights to meet the high demand for summer travel to the Swiss city among Kor
IndustryMarch 18, 2024
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Asiana Airlines wins data transfer certification in China
Asiana Airlines on Monday announced that it has become the first domestic airline to win the Certification of Cross Border Transfers of Personal Information, as mandated by China's Personal Information Protection Law. This certification affirms the company's adherence to the stringent requirements necessary for the secure transfer and management of personal data to regions outside China. The achievement follows China's introduction of updated information protection regulations in
IndustryMarch 18, 2024
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S. Korea, OECD hold conference on 'digital finance'
South Korea and the Organization for Economic Cooperation and Development opened a joint conference in Seoul on Monday to discuss ways to help Southeast Asian countries develop and transform their financial systems. The conference will be held for two days and discuss potential problems arising from the digitalization of financial systems in the Association of Southeast Asian Nations member countries and ways to address them, according to South Korea's financial regulator, the Financial Ser
EconomyMarch 18, 2024
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Seoul shares open slightly higher on tech gains
South Korean stocks opened a tad higher Monday, buoyed by gains in technology stocks. The benchmark Korea Composite Stock Price Index added 0.72 point, or 0.03 percent, to 2,667.56 in the first 15 minutes of trading. Large caps traded mixed while techs and chemicals were in positive terrain. Tech giant Samsung Electronics gained 0.55 percent, with No. 2 chipmaker SK hynix advancing 0.56 percent. Leading battery maker LG Energy Solution added 0.75 percent, while its local rival Samsung SDI gained
MarketMarch 18, 2024
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[Graphic News] Number of IPOs in S. Korea rises 17% in 2023
The number of initial public offerings rose from a year earlier in 2023 amid signs of easing economic woes, data showed. A total of 82 companies made their debuts on the main Korea Composite Stock Price Index and the tech-heavy Kosdaq markets last year, up from 70 companies going public in 2022, according to the data from the Financial Supervisory Service. However, the amount of funds raised from IPOs dropped sharply to 3.3 trillion won ($2.48 billion) from 15.6 trillion won over the cited p
CompaniesMarch 18, 2024
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Finance stocks rally despite ELS woes
Despite internal setbacks, South Korean finance giants are forging ahead with a robust rally in the local stock market, as several companies reach historic highs. The share prices of KB Financial Co. and Hana Financial Co., two of the nation's biggest finance holding firms, soared to unprecedented levels Thursday. KB Financial's shares hit 78,600 won ($59) after three consecutive days of record-setting gains, while Hana's reached 64,600 won. Shinhan Financial Co.'s shares als
EconomyMarch 17, 2024
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Samsung Electro-Mechanics to launch ‘weatherproof’ camera modules for cars
Samsung Electro-Mechanics is set to start mass production of “weatherproof” camera modules with cutting-edge water-repellent capabilities and heating features for cars this year, the company said Sunday. In the wake of growing demand for enhanced image quality in automotive assistance features and the development of autonomous driving technology, Samsung aims to expand its presence in the camera module industry with its advanced technologies. "Accidents occur when camera sensors
IndustryMarch 17, 2024
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Hyundai, Kia hit 5m in eco-friendly car sales
The number of eco-friendly vehicles sold by Hyundai Motor Company and Kia across the globe has surpassed five million, achieving the milestone after 15 years. According to the South Korean automakers on Sunday, the accumulated sales of their eco-friendly vehicles stood at 4,995,891 units as of last year. The carmakers logged 111,841 eco-friendly vehicles sold in January this year, bringing up the total to over 5.1 million. The eco-friendly vehicles include hybrid electric vehicles, plug-in hybri
MobilityMarch 17, 2024
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[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
Chile's Ministry of Public Works and the investment promotion agency, InvestChile, recently visited Seoul to boost the country's infrastructure and technology sectors, inviting investors in Korea to participate in its extensive portfolio of projects. During an interview with The Korea Herald at the Embassy of Chile in central Seoul on Thursday, InvestChile Director Karla Flores and Concession General Director Juan Manuel Sanchez shed light on their strategies to attract new investment
IndustryMarch 17, 2024
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[Photo News] Bank for senior customers
A new Hana Bank branch in Daejeon features a cultural space tailored to senior customers. The Hana 50+ Culture Bank, the 10th of its kind, aims to offer diverse cultural and educational programs to better meet the growing needs of the older generations. (Hana Financial Group)
IndustryMarch 17, 2024
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Korea ranks 8th in crypto gains in 2023: report
South Korea was ranked eighth globally in terms of cryptocurrency profits last year, according to a report by blockchain data analytics firm Chainalysis on Sunday. Investors around the world saw a combined $37.6 billion in their crypto gains in 2023. The figure was a 76 percent plunge from a $159.7 billion profit in 2021 but a drastic rebound from a $127.1 billion loss in 2022. The relatively modest gains last year imply a more cautious approach by investors in liquidating their crypto assets, t
IndustryMarch 17, 2024
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Samsung C&T shareholders vote down activists' dividend hike proposal
Samsung C&T has made it through a challenging proxy season with its shareholders backing its 10 percent increase plan for dividend payouts, averting resistance from activist funds that called for significantly higher returns. Its shares sank nearly 10 percent after the general shareholders meeting took place Friday. The company's proposal to pay a dividend of 2,550 won ($1.90) per common share and 2,600 won for each preferred share was approved. Among valid stocks with voting rights, 77
IndustryMarch 15, 2024
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Yuhan restores chairperson post after 28 years
South Korean pharmaceutical giant Yuhan has decided to reinstate the chairperson and vice chairperson positions for the first time in 28 years, since Chairman Yeon Man-hee stepped down from his post in 1996. Yuhan shareholders approved changes to the articles of incorporation to reestablish the posts during the 101st general meeting of shareholders on Friday. Who will become the company’s chairperson and vice chairperson, however, has not yet been decided, according to the company. “
IndustryMarch 15, 2024