Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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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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[Weekender] How DDP emerged as an icon of Seoul
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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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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Nexon to launch 13 mobile games
Nexon Korea, the country’s biggest online PC game maker, said Tuesday that it would launch more than a dozen games for mobile devices and platforms in the second half of this year in an effort to revitalize its mobile gaming business.In a media event under the theme of “Nexon Smart On” in Seoul, Chung Sang-won, vice president of Nexon Korea, said that although the company is a relative latecomer in mobile games, it seeks to make a leap with 13 games it produced with the company’s partners and su
TechnologyJuly 8, 2014
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Korean stock market lags behind Asian peers: data
South Korea’s stock market is suffering a relatively sharp slump compared with other regional rivals as local companies, dented by a stronger local currency and weak domestic demand, are projected to have failed to meet market expectations in their second-quarter earnings, industry data showed on Tuesday.South Korea’s key stock index, the KOSPI, gained 0.15 percent this month through Monday, the lowest among 14 other regional stock indices, according to the data. Over the past three months, the
July 8, 2014
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Shares stay flat at start of corporate earnings season
South Korean stocks remained almost unchanged Tuesday as investors were reluctant to make big bets at the start of earnings season, analysts said. The local currency lost ground against the U.S. greenback.The benchmark Korea Composite Stock Price Index gained 1.54 points, or 0.08 percent, to 2,006.66. Trading volume was moderate at 255.8 million shares worth 3.39 trillion won ($3.35 billion), with losers slightly outnumbering winners 400 to 397. “Investors have anticipated Samsung Electronics’ p
July 8, 2014
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Merck acquires liquid crystal windows specialist Peer+
Merck, a leading company for top-quality high-tech products in the pharmaceutical and chemical sectors, has acquired Peer+, a Dutch specialist for smart window technology, as of July 1, Merck Korea said Tuesday. With the acquisition of its long-standing cooperation partner Peer+, Merck will be able to further advance the development of the future-oriented market for liquid crystal windows, and also help bolster its position as a technology and innovation leader for liquid crystal materials. Merc
TechnologyJuly 8, 2014
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KOTRA offers translation services for firms seeking Polish projects
The Korea Trade-Investment Promotion Agency will be offering free translation services to South Korean firms seeking to take part in Poland’s public procurement projects, the agency said on Tuesday. The services will be available at the trade agency’s office in Warsaw starting this month.KOTRA said it decided to provide the translation services based on the fact that Poland only takes bids made in the local language. With all state procurement projects and related documents in Polish, companies
July 8, 2014
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Kolon, Aker Solutions to establish joint oil and gas venture
Kolon Water & Energy said Tuesday it will establish a joint venture with Norway’s Aker Solutions to enter the oil and gas solution business to diversify its portfolio in the energy sector. The energy unit of Kolon Industries Inc., which offers water and energy solution as well as sewage and waste processing services, said it will invest in half of the stake of the joint venture with the Norwegian company that has recognized technology in offshore plants.“Kolon Water & Energy aims to become the t
IndustryJuly 8, 2014
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Seoul begins test for new vehicle accident avoidance system
South Korea launched testing to verify the effectiveness of its new vehicle-crash avoidance technology, the government said Tuesday, in a step toward building accident-free highways.The accident avoidance system uses the so-called wireless access in vehicular environment technology that enables vehicle-to-vehicle as well as vehicle-to-infrastructure communication, allowing checks for any changes to the driving environment such as road conditions, according to the Ministry of Land, Infrastructure
MobilityJuly 8, 2014
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Budget airlines expand market presence in Korea-Japan route
Budget airlines are rapidly expanding their market presence in the South Korea-Japan routes, despite an overall drop in passenger traffic between the two neighboring countries, industry data showed Tuesday.According to figures released by Korea Airport Corp. and individual airlines, low-cost carriers from the two countries handled 756,200 passengers in the first five months of 2014. This represents an average 76 percent increase from 245,000 people they ferried between South Korea and Japan in 2
IndustryJuly 8, 2014
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[Herald Interview] ‘Being a brand is being responsible’
Very few South Korean low-to-mid-range accessory makers survived after the influx of cheaper Chinese products in the 2000s. They remained anonymous as outsourcers for the global market or nestled in online markets. JMarkers, the company behind the accessory brands accessory kitchen and Rustik, is a rare breed, building up its own brand and exporting products under its own brand. Established in 2011 by Jake Han and Jeen Park, JMarkers runs seven stores and sells its tems at two select shops. It a
BusinessJuly 8, 2014
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Shin Ramyun sticks to basics but accepts diversity
The secret to the worldwide success of Shin Ramyun, Nongshim’s signature red-hot spicy instant noodles, lies in the company’s unwavering determination to stick to its original flavor, according to Park Jun, the chief executive of noodle maker Nongshim. “My belief is that what is most Korean is the most global,” Park said in an interview with The Korea Herald. “Sometimes you lose the quintessential characteristics of the product by following local trends or characteristics. But the tongue-achingl
BusinessJuly 8, 2014
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Lotte DFS to hold Family Concert
Lotte Duty Free Shop will hold its 18th Family Concert, inviting 120,000 K-pop fans to enjoy the performances of top-tier entertainers at Jamsil Stadium in Seoul on Aug. 29, 30 and 31. The Aug. 29 event will be held as a fan meeting for foreign fans of actors Kim Soo-hyun and Park Hae-jin. Songstresses Lynn and Yunha will perform the original soundtracks of TV dramas the actors starred in. On Aug. 30 singers Lee Seung-hwan, Kim Bum-soo, Hwisung and Ailee will perform, followed by pop bands EXO,
IndustryJuly 8, 2014
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Japanese diner Mitaki opens in Busan
Global Japanese restaurant Mitaki on July 1 opened its first Korean outlet on Dalmaji Road in Haeundae, Busan. The menu items include the top-ranking course-meal kaiseki, teppanyaki, tempura, sushi and others. Teppanyaki will be cooked upon order to secure freshness and quality.The 140-seat restaurant will be led by Kazuo Zuauki, who served as chief executive chef at the trendy Nakamura Gourmet in Japan. The diner has terrace seats and private rooms for banquets and special occasions. (baejisook
IndustryJuly 8, 2014
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[Herald Interview] Heerim aims to be Asia’s top architecture firm
South Korean architectural firm Heerim Architects & Planners is aiming to make its services available to more countries around the world, mostly to emerging regions where architectural know-how is in big demand. “Heerim hopes to become Asia’s No. 1 and the world’s fifth (largest)global architectural service provider by 2020,” Heerim’s chief executive Jeong Young-kyoon told The Korea Herald in an interview. “My goal is to plant our architectural style in as many places as I can.”To jump into a le
BusinessJuly 8, 2014
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Caffe Bene opens 2 shops in U.S.
Caffe Bene opened two outlets in New Jersey in the U.S., targeting commuters to the Big Apple. Caffe Bene Hoboken is situated near Hoboken train station, among pubs and clubs frequented by commuters to Manhattan. Lower Manhattan can be seen through the windows on the second floor, the cafe franchise said. Caffe Bene in New Brunswick is located near Rutgers University and the New Brunswick train station. Those who spend more than $10 will be given a free coffee mug to celebrate the opening.Caffe
IndustryJuly 8, 2014
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KEB chief says early merger talks ‘inevitable’
The head of Korea Exchange Bank raised the need to begin early merger talks with its parent group, Hana Financial, lending support to the group chief executive’s remarks that hinted at an integration of the banking affiliates before the agreed-upon 2017 deadline, KEB said Tuesday.In a July 7 written message to bank employees, KEB chief executive Kim Han-jo said, “We are in a situation where early integration talks are inevitable as profitability weakens and the management environment worsens ami
July 8, 2014
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Lotteria opens first store in Cambodia
South Korean fast food restaurant Lotteria opened its first outlet in Phnom Penh on June 30. Situated inside the Aeon Mall, the restaurant is focusing on chicken and beef dishes, reflecting Cambodian tastes, including a general avoidance of pork. This is the 230th overseas diner for Lotteria, including ones in Vietnam, Indonesia, China and Myanmar. The fast food unit of business conglomerate Lotte is hoping to open 20 more franchises by 2018 in Cambodia by teaming up with the local restaurant gr
IndustryJuly 8, 2014
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Su:m37 releases cleansing balm
LG Household and Health Care’s makeup brand, Su:m37, released Skin Saver Melting Cleansing Balm containing fermented apricot seed oil and vitamin C oil. The solid formula melts smoothly when applied to the skin, but thoroughly removes leftover makeup as well as sebum in the pores. Vitamin A, tocopherol and minerals in the apricot seed oil has a moisture-capturing effect while the vitamin C oil with vitamin C derivatives brings about a clearer and brighter skin tone, the company said.The 100 mill
IndustryJuly 8, 2014
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KEB chief says early merger talks "inevitable"
The head of Korea Exchange Bank (KEB) raised the need to begin early merger talks with its parent group, Hana Financial, lending support to the group chief executive's remarks that hinted at an integration of the banking affiliates before the agreed-upon 2017 deadline, KEB said Tuesday.In a July 7 written message to bank employees, KEB chief executive Kim Han-jo said, "We are in a situation where early integration talks are inevitable as profitability weakens and the management environment worse
July 8, 2014
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S. Korea's property price-to-income ratio falls, Gangnam weathers trend
The level of house prices in comparison with income in South Korea is trending lower, with the exception of the posh Gangnam area, where property prices still run high, data showed Tuesday.The so-called price-to-income ratio (PIR) came in at 23.4 in Asia's fourth-largest economy last year, nearly halving from an average of 42.3 between 1986 and 2013, according to the data by the Bank of Korea and Kookmin Bank. The ratio roughly provides a clue to whether housing prices are expensive or cheap giv
July 8, 2014
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Robbers grab $36 million Samsung electronics in Brazil
Around 20 armed robbers raided a Samsung plant in southeastern Brazil on Monday, leaving with 40,000 smartphones, laptops, tablets and other electronics worth $36 million that were loaded in seven trucks, police said.The thieves arrived after midnight at the plant in Campinas, a city near Sao Paulo, taking guards and 200 employees hostage, a local police spokesman told AFP.Witnesses told the G1 news website that the robbers, who had staff ID badges, were not aggressive. They ordered everyone to
IndustryJuly 8, 2014