Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Robert J. Fouser] Social attitudes toward language proficiency
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[Graphic News] How much do Korean adults read?
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Korean firms target EV charging market in US
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Daewoo SME set for restructuring amid big losses
Daewoo Shipbuilding & Marine Engineering Co. is set to face financial restructuring as the world’s second-largest shipbuilder is projected to book massive losses in the second quarter of this year.After a local newspaper reported Wednesday that the South Korean shipbuilder may have booked as much as 2 trillion won ($1.8 billion) to 3 trillion won in unreported losses, stemming from its low-margin offshore project orders, the company’s shares plunged by the maximum 30 percent to reach a seven-yea
IndustryJuly 16, 2015
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Etude House introduces ‘Bling me Prism’
Makeup brand Etude House launched the “Bling me Prism” collection, a collaboration line with fashion jewelry brand High Cheeks. The Bling Me Prism collection includes five kinds of watery eye shadow, five liquid lipsticks, five kinds of nail polish, a henna sticker and a single powder eye shadow. The watery eye shadow contains 50 percent water, bringing a cooling effect to the eyelids. The lipstick with ample pigments brings moist but vivid color and texture to the lips, the company said. All it
IndustryJuly 16, 2015
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Shinhan awarded for private banking
Shinhan Bank, the flagship bank of the nation’s largest banking unit Shinhan Financial Group, was named the best private banking service operator in South Korea. Shinhan Bank vice president Lim Young-jin (second from left) receives The Asian Banker Awards 2015 for best private banking on behalf of the bank. Shinhan BankThe bank’s private wealth management sector received the Asian Banker’s Excellence in Retail Financial Services Award 2015 for best private banking, officials said Thursday.The As
July 16, 2015
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Stone Beer debuts in Korea
Stone Beer, a world-famous craft beer brand imported straight from San Diego, has debuted in Korea, InterBeer Korea, its exclusive Korean distributor, said in a press release Thursday.The newly imported beers are the Stone Indian pale ale (IPA), Stone Ruination, Stone Go To IPA, Cali-Belgique IPA, Stone Pale Ale 2.0 and Arrogant Bastard Ale. These beers come with their own “Enjoy by” dates in order to assure the best taste of 90 days from brewing, compared to the conventional 12 months. The beer
IndustryJuly 16, 2015
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Caffe Bene opens in Indonesia
Korean cafe brand Caffe Bene opened its fourth Indonesian outlet inside the AEON Mall of Tangerang City. The 280-square-meter store can seat 108 people and is located near Swiss German University and Prasetiya Mulya Business School, as well as Indonesia Convention Exhibition halls, the company said.Following the local trend of providing meal and desserts at cafes, Caffe Bene serves not only Italian pastas, but also Korean-infused menu items such as Kimchi Aglio Olio pasta and tteokbboki (red pep
IndustryJuly 16, 2015
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Cheil Industries launches accessory brands
Cheil Industries launched two accessory brands, Ravenova and Ilmo, to keep up with the growing fashion markets. Ravenova’s signature item is the “module bag,” which allows consumers to design their own bags based on 50 different modules provided by the brand. The modules are priced between 60,000 won ($52) and 190,000 won for a clutch, and a full bag costs between 300,000 won and 500,000 won. Ilmo is a leather accessory brand for men and women. About 80 percent of the items, ranging from bags an
IndustryJuly 16, 2015
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Starbucks launches ‘Dan. Baek. Jil’
Starbucks Korea launched “Dan. Baek. Jil,” meaning protein in Korean, a snack pack that covers 33 percent of recommended daily protein intake. With a pack of a half-boiled egg, soft tofu and string cheese, one can consume 55 grams of protein, the coffee franchise said. Starbucks will give away a cup of “Today’s coffee” to those who buy one of the 4,900 won ($4.30) packs of “Dan. Baek. Jil” by July 27. It is also introducing its half-dried sweet potato, sliced into the bite-sized shapes and price
IndustryJuly 16, 2015
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[Photo News] Ferrari releases 488 Gran Turisom Berlinetta
FERRARI 488 GTB -- Dieter Knechtel, managing director of Ferrari Far East, poses with the Ferrari 488 Gran Turisom Berlinetta, a sports car with an eight-cylinder mid-rear engine that boasts 670 horsepower at 8,000 rpm. Forty years after the launch of the 308 GTB, the Ferrari 488 GTB reaches 100 km/h speed from 0 in three seconds and requires only 117 meters to make a complete stop from 200 km/h speed. (FMK)
MobilityJuly 16, 2015
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[Herald Interview] Organica Day to focus on vegetable detox juice
Just when many Koreans started drinking detox juice and began to realize it’s edible, Organica Day, Herald Corp.’s juice-squeezing arm, decided to take it a step further and focus on vegetables by reducing the amount of fruit in its products. “I am a little concerned about the sugar intake through fruit, even if it is fructose,” said Chung Hyung-ho, CEO of Organica Day, the producer of Just Juice Cleanse. “I believe that vegetables are much better options for health. Our chef, New York-based Chr
IndustryJuly 16, 2015
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Won’s weakness doesn’t guarantee export benefits
The U.S. dollar has climbed 30.6 won, or 2.7 percent, against the Korean won over the past month ― also showing gains for the fourth consecutive trading session. Analysts, however, forecast that the local currency’s weakness will not be of much benefit to exporters.Federal Reserve Chair Janet Yellen’s confirmation Wednesday of an interest rate hike within this year further accelerated the dollar’s strong position in Thursday’s Korean currency market.The greenback gained 5.6 won from a trading se
July 16, 2015
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LG Display’s large-panel production hits 1.5b mark
LG Display, Korea’s top display-maker, said Thursday that its production of large LCD and OLED panels has hit the 1.5 billion mark for the first time within the industry.The new milestone comes after the company started producing large LCD panels back in 1995, the company said. Large panels, those 9.1 inches or larger, are used for computer monitors, laptop computer screens and TVs. The 1.5 billion units are equivalent to 236,793,391 square meters of panels, the company said. “LG Display has con
IndustryJuly 16, 2015
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[Photo News] Samsung reigns supreme
SAMSUNG REINS SUPREME — South Korea’s tech giant Samsung Electronics said Thursday it became the No. 1 TV brand by sales in the U.S and European markets as of May, with its market share standing at 53.5 percent and 50 percent in the respective regions. SamsungSAMSUNG REGINS SUPREME — South Korea’s tech giant Samsung Electronics said Thursday it became the No. 1 TV brand by sales in the U.S and European markets as of May, with its market share standing at 53.5 percent and 50 percent in the respec
TechnologyJuly 16, 2015
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[Photo News] YouTube promotion for LG G4
YOUTUBE PROMOTION FOR LG G4 — Promotional video clips for LG Electronics’ G4 smartphone filmed by global YouTube celebrities, including the members of sports and comedy entertainment group Dude Perfect and motorcycle adventure rider Alex Chacon, reached 10 million hits as of Wednesday, according to the Korean electronics firm Thursday. LGE
TechnologyJuly 16, 2015
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[Photo News] LG supports local community
LG SUPPORTS LOCAL COMMUNITY -- LG Foundations, a nonprofit organization run by LG Group, holds a groundbreaking ceremony of a day care center in Incheon on Thursday. The day care center to be opened early next year will be donated to the Seo-gu district in the city, and is in line with the conglomerate’s corporate social responsibility program to build energy-efficient, environmentally friendly day care facilities for local communities. LG LG SUPPORTS LOCAL COMMUNITY — LG Group officials, lawmak
TechnologyJuly 16, 2015
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SK sells subsidiary to CIAM Group for W100b
SK Group said Wednesday that it sold its subsidiary SK (Chongqing) Lithium Ion Battery Material Co. to CIAM Group, China’s battery production company, for 100 billion won.SK established a memorandum of understanding with CIAM Group on the deal on July 7, and plans to sign a formal contract in the beginning of September.SK (Chongqing) Lithium Ion Battery Material Co. has dealt with producing cathode materials for electric car batteries. SK China and SKC had 90.91 percent and 9.09 percent of its s
IndustryJuly 16, 2015
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Baesangmyun seeks to revive traditional liquor culture with brew pubs
Baesangmyun Brewery, South Korea’s leading traditional liquor maker, is growing its brand with urban brew pubs producing freshly fermented makgeolli, Korean rice wine, every day. By rebuilding a mini-brewery -- Slow City Brewery & Pub -- just like those a century ago, the producer of a range of distilled and fermented Korean beverages seeks to revive the country’s home-brewed alcoholic beverage culture with a modern touch. A chef prepares food for the daily lunch buffet at Slow City Brewery & P
IndustryJuly 16, 2015
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Elliott’s appeal against Samsung merger rejected
The Seoul High Court on Thursday turned down U.S. hedge fund Elliott’s appeal on the injunction to block a merger deal between Samsung C&T and Cheil Industries.Elliott had filed for an injunction to stop Samsung C&T from holding a shareholders’ meeting Friday, where the controversial merger proposal will be put to a vote. However, the Seoul Central District Court threw out the request on July 7, prompting the hedge fund to file an appeal.In addition to seeking to prevent the merger from being pu
IndustryJuly 16, 2015
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Netmarble ups ante in mobile game war
Korean game developers are striving to increase their footholds in the global market in the face of fierce domestic competition. Netmarble Games, the No.1 mobile game firm by sales, which has so far released more than 100 mobile games, said it would make all-out efforts to win in the mobile game race. “Cutthroat competition is inevitable in the world’s mobile game industry as major console and PC game developers, such as Sony, Disney and Blizzard, with big cash piles are tapping into the mobil
TechnologyJuly 16, 2015
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U.S. big data firm taps into Korean market
U.S. cloud-based big data solutions developer Treasure Data launched its services in the South Korean market Thursday.The California-based IT firm, established in 2011, chose to start businesses in Seoul to expand its presence in the Asian market, the company explained in a press release. The U.S. firm also runs a Tokyo office. The logo of U.S. big data solutions firm Treasure Data. Treasure DataSome of the high-profile investors for the firm include Yahoo! cofounder Jerry Yang, Sierra Ventures
TechnologyJuly 16, 2015
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Hanjin unit sells stake in Korean Air for 217 bln won
Hanjin Transportation Co., the overland transportation and delivery unit of Hanjin Group, said Thursday that it sold its entire stake in Korean Air Lines Co, a move aimed at streamlining the group's complex governance structure.In a block deal, Hanjin Transportation sold a total of 5,792,627 shares of Korean Air for 37,700 won ($32.85) apiece, 4.4 percent lower than their closing prices in the previous day, the company said in a regulatory filing. The deal was worth 216.9 billion won.The move co
IndustryJuly 16, 2015