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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[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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[Photo News] Seoul seeks 'best sleeper'
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US expert says N. Korea might ignore Trump if he returns to White House
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Yoon vows to advance freedom, welfare to uphold spirit of 1980 pro-democracy uprising
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Apple Watch hits S. Korean shelves
U.S. tech giant Apple Inc. officially began sales of its first smartwatch in South Korea on Friday, heralding a fierce battle with Samsung Electronics Co. to gain the upper hand in the wearable market. Along with six other countries, the Apple Watch is now available at online and offline shops in South Korea, roughly two months after it went on sale in major markets including the United States and China.While the Apple Watch boasts similar key technologies as other wearables such as healthcare-r
TechnologyJune 26, 2015
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S. Korea to resume Dutch poultry imports next month
South Korea will lift its six-month ban on imports of poultry from the Netherlands as no additional outbreaks of avian influenza (AI) have occurred there since the measure was imposed late last year, the agriculture ministry said Friday.The imports are set to resume next month, as soon as it has been agreed that there are no contradicting opinions from related agencies or specialists that say otherwise, according to the Ministry of Agriculture, Food and Rural Affairs.Seoul had discontinued impor
IndustryJune 26, 2015
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Hyundai Heavy launches low-carbon hotel
Hyundai Heavy Industries is opening a new hotel in Gangneung, Gangwon Province, aiming to become a landmark for the 2018 PyeongChang Winter Olympics.The SEAMARQ hotel, to be launched on Friday, is designed by New York-based architect Richard Meier and built by Hyundai Engineering and Construction, the company said in a statement Thursday.The environmentally friendly building uses solar energy and geothermal heat to reduce environmental damage, according to the firm. The hotel was previously know
IndustryJune 25, 2015
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[Best Brand] Branding strategy: Magic on top of logic
A “brand,” as we commonly know, includes a name, design, logo and sound that differentiates one corporation from another. To take McDonald’s as an example, they have their name, a cutely arched M-shaped logo, the red-haired Ronald McDonald and the famous jingle featured on television commercials. These qualities allow customers to differentiate McDonald’s from other fast food stores.But interpreting a brand as merely a name and an image is not enough. Three judges screen candidates for The Korea
IndustryJune 25, 2015
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[Best Brand] Pure Skin Green Clinic offers tailored treatment
Located in Banpo, southern Seoul, Pure Skin Green Clinic is known for its quality services and specialized treatments for various skin conditions, including acne, hair loss, dark spots and scars.Founded by Dr. Kim Youn-jin, a board-certified dermatologist, the clinic is also popular among South Korea’s celebrities, including actress Sung Yu-ri, K-pop girl group Sistar member Soyou and boy band B2ST member Lee Gi-gwang. Dr. Kim Youn-jinThe clinic offers treatment solutions for almost all mild ski
MobilityJune 25, 2015
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[Best Brand] Lotte Chilsung’s Icis 8.0 makes waves in water market
Icis 8.0 mineral water from Lotte Chilsung Beverage Co. is making a splash in the country’s tightly contested bottled water market. Launched in August 2011, Icis 8.0 has gained much popularity in a relatively short period of time, aided by the optimized mineral content and eye-catching packaging. The product is bottled in North Chungcheong Province with pH 8 natural mineral water, which the company says offers the optimal calcium-magnesium balance. In addition, the company has applied eco-friend
IndustryJune 25, 2015
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[Best Brand] Renault Samsung’s QM3, compact SUV market leader
QM3, the compact sport utility vehicle brand of Renault Samsung Motors, is strengthening its market leadership in the segment this year, leading the company’s sales growth.According to the nation’s third-largest carmaker, the accumulated sales of QM3 cars since the model’s debut in December 2013 are expected to exceed 30,000 units by June or early July. “Popularity of our compact SUVs has risen since last year. Sales of QM3 cars for the first five months soared 77.4 percent to 7,974 units compar
MobilityJune 25, 2015
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[Best Brand] Chinese visitors take shine to Face Shop’s facial mask
South Korean budget makeup brand The Face Shop has drawn an increasing number of Chinese shoppers with its facial sheet masks as more Chinese opt for affordable and convenient skin care products. Amid the rapid growth of demand for the mask pack, the LG Household and Healthcare-owned brand rolled out the Character Mask, which has a print of an animal face on each sheet, in January. “The character mask has beenwell received by consumers both here and abroad as it not only delivers rich moisture t
IndustryJune 25, 2015
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[Best Brand] IFEZ aims to be East Asian hub city
Songdo International City in IFEZThe Incheon Free Economic Zone is emerging as a global city, with 94 percent of foreign direct investment in eight free economic zones in Korea coming to the IFEZ. The free economic zone was started in 2003 to become a hub city in Northeast Asia, and has shown remarkable growth since. IFEZ has achieved its initial FDI goal of $1.7 billion, about 9 percent of the total FDI in South Korea ($19 billion) and a 2.5 percentage point increase from the previous year.IFEZ
IndustryJune 25, 2015
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[Best Brand] Ottogi becomes Korea’s representative curry product
When asked to describe “Korean curry,” most South Koreans will likely mention the well-known Ottogi Curry at some point, testifying to the role that the Korean food brand Ottogi has played in introducing and popularizing curry across the country.Though curry was introduced to Korea in the 1940s, the Indian dish was only popularized decades later, when Ottogi entered the Korean food industry by launching its powder-type curry product in 1969, betting that Korean consumers would likely enjoy curry
IndustryJune 25, 2015
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[Best Brand] Incheon Bridge establishes itself as metropolis’ key landmark
Incheon Bridge is renowned as one of Incheon’s key landmarks due to its high level of technical complexity as well as its aesthetics and economic value.Construction began on the Incheon Bridge in July 2005 and finished in October 2009. It cost a total of 2.45 trillion won ($2.21 billion) with 823 billion won in private funding and 1.63 trillion won in government funding.Incheon Bridge boasts a high level of safety as it was constructed to withstand earthquakes of up to magnitude-7.0 and other na
IndustryJune 25, 2015
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[Best Brand] Ewha health center offers gender-specific services
Founded in 2009, Ewha Womans University Health Promotion Center in Seoul established itself as the go-to place for female patients at home and abroad.The institution, a special unit of Ewha Womans University Mokdong Hospital, is known for its medical examination services for female patients, especially its screening tests for female-specific cancers. The facility also offers services for its male patients at a separate location. The institution was the first in the world to offer medical examina
TechnologyJune 25, 2015
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Orion submits bid for Homeplus
SEOUL (Yonhap) – South Korean confectionery maker Orion Corp. said Thursday it has submitted a bid for Homeplus, the local unit of British retailer TESCO."(We) have submitted a preliminary bid for the Homeplus acquisition to the potential seller," the company said in a regulatory filing posted after the stock market closing. Local media reported that private equity firms, such as Affinity Equity Partners, Carlyle Group and local buyout fund MBK Partners have also submitted bids to buy the countr
CompaniesJune 25, 2015
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WeMakePrice tops service quality index
The Korean Standards Association, a public organization in charge of establishing industrial standardization, ranked social commerce website WeMakePrice as the top Korean social commerce platform in its annual KS-SQI survey, a service quality index, Thursday. WeMakePrice CEO Park Eun-sangThe KS-SQI index survey was conducted with residents of five major cities, including Seoul, who use the services of the surveyed firms. WeMakePrice earned 67.2 points, beating its rivals Coupang, which received
TechnologyJune 25, 2015
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MERS takes toll on airlines
The Middle East respiratory syndrome virus is hitting the local airline industry hard, forcing them to keep flights grounded. South Korea’s two major airlines and other five budget carriers have canceled a total of 1,102 international flights to and from the country scheduled from June 1 through October, a report from the Transport Ministry showed Thursday. (Yonhap)“The blow by MERS is much tougher than SARS. The second-quarter performance will likely sharply drop compared with last year or the
IndustryJune 25, 2015
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DSME delays STX France bid
Daewoo Shipbuilding & Marine Engineering has put its plans to acquire STX France on the back burner, the shipbuilder’s CEO Jung Sung-leep said Thursday. DSME CEO Jung Sung-leep. DSMEDSME had considered acquiring 66 percent stake in STX France upon request by its largest shareholder, state-run Korea Development Bank. KDB, which is also STX Group’s main creditor, has been pushing to sell off STX France and STX Finland as part of its efforts to restructure the defunct shipbuilding conglomerate. Spe
IndustryJune 25, 2015
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Shinhan Financial issues CoCo Bond worth W200b
Shinhan Financial Group, the nation’s largest banking group by assets and profits, said Thursday it began issuing a contingent convertible bond, or CoCo Bond, which combines debt and equity.Despite its relatively long maturity of 30 years, the bond attracted a number of institutional investors, pushing the group to up the issue limit from 200 billion won ($180 million) to 282 billion won, according to officials.It offers an interest rate of 4.38 percent (at 190 basis points over a 10-year Treasu
June 25, 2015
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[Photo News] Good to Great
GOOD TO GREAT -- World-renowned barista Paul Bassett (sixth from left) poses with staff members of the newly opened branch of the Paul Bassett coffee chain in Hannam-dong, Seoul, Thursday. The coffee chain and its local partner Maeil Dairies launched a “value management” initiative to raise the bar in specialty coffee chain management in Korea. Paul Bassett
IndustryJune 25, 2015
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KAI launches W1.6tr small copter project
Korea Aerospace Industries, the nation’s sole aircraft manufacturer, launched its 1.6 trillion won ($1.4 billion) worth small-size helicopter development project Thursday. An image of KAI’s light civil helicopter to be codeveloped with Airbus Helicopters by 2020 KAI“The Defense Acquisition Program Administration, the Ministry of Trade, Industry and Energy, KAI-led consortium and Airbus Helicopters agreed to jointly finance the project to develop light armed and light civil helicopters,’’ KAI sai
IndustryJune 25, 2015
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Naver joins fray in online payment services
South Korea’s largest Web portal operator Naver launched a new online payment service Naver Pay on Thursday, which the company said would become a “game changer” in the domestic online payment industry.Similar to other online and mobile payment services already out in the market -- such as Kakao Pay run by Web portal and mobile messenger firm Daum Kakao -- users have to register data of their credit cards or bank accounts on Naver Pay once, and then they can pay for their purchases through a sim
TechnologyJune 25, 2015