Most Popular
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Debate on 'no-seniors zones' heats up
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Is NewJeans headed for a long 'break'?
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S. Korea, Cambodia forge strategic partnership
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
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[Graphic News] UK tops global chart for child alcohol use
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Foreign visitors to local duty-free stores top 1.8m in Oct.
The number of foreigners visiting local duty-free shops surpassed 1.8 million last month, hitting the highest monthly mark since late 2016, industry data showed Thursday.Statistics provided by the Korean Duty Free Association said more than 1.8 million foreigners visited duty-free stores in the country in October, the highest number since China's apparent retaliation against Seoul over the deployment of a US missile defense shield here. The number of foreign shoppers at the duty-free stores reac
Nov. 28, 2019
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Samsung to supply PC CPUs to Intel: sources
Samsung Electronics Co. has agreed to supply central processing units for computers to Intel Corp. to help address the US chipmaker's chip supply issues, industry sources said Thursday. Intel has been struggling to meet demand for 14-nanometer chips for PCs since late 2018 and recently issued an apology to its customers for shipment delays. According to semiconductor industry sources, Intel has chosen Samsung to be its third-party foundry to ramp up its 14-nm production capacity as part of
Nov. 28, 2019
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[ASEAN-Korea summit] KAI eyes ASEAN as key market for growth
Backed by diplomatic ties between South Korea and Southeast Asia, the nation’s sole aircraft manufacturer Korea Aerospace Industries is stepping up efforts to expand the sale of advanced aircraft to the region, touting its technological strengths and cost effectiveness.Taking the ASEAN-ROK Commemorative Summit in Busan this week as an opportunity to showcase its cutting-edge aircraft to leaders of Southeast Asian countries, KAI said it hopes to contribute to expanding cooperation with defe
Nov. 27, 2019
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SK Chemicals wins FDA approval for patch-type Alzheimer's medicationBy Kim Han-joo
SK Chemicals Co., a pharmaceutical affiliate of South Korean conglomerate SK Group, said Wednesday it has won approval from the US Food and Drug Administration to sell its patch-type Alzheimer's drug in the United States.SID710, the generic drug referencing Novartis AG's Exelon Patch to treat dementia symptoms associated with Alzheimer's disease, received the green light from the FDA, the company said.The approval marked the first time a South Korean company has applied for FDA approval for an A
Nov. 27, 2019
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Asiana holds graduation ceremony for Beautiful Classroom in Vietnam
Asiana Airlines said Wednesday that it held a graduation ceremony for its education support program called Beautiful Classroom earlier this week in Vietnam. The ceremony -- conducted by Asiana crew members -- took place in Hanoi, inviting some 72 graduating students who took courses in job-related curriculum such as Korean, English and accounting, as well as classes like image making and business etiquette. Beautiful Classroom is one of the airliner’s CSR programs. It supports th
Nov. 27, 2019
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Shake Shack to start delivery services in Korea
SPC Group, the operator of the Shake Shack burger chain in South Korea, said Wednesday that it will offer delivery services starting with its Gangnam and Cheongdam outlets in southern Seoul.The delivery services are available via the Happy Order app operated by the company and delivery app Baemin. There is a minimum order limit of 15,000 won. The group said it will expand the services to other parts of the country. (khnews@heraldcorp.com)
Nov. 27, 2019
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NCSoft launches Lineage2M
South Korea’s NCSoft launched Lineage2M, mobile version of the massively multiplayer online role-playing PC game Lineage 2, at midnight Tuesday. The MMORPG is the game company’s first new title in two years that is hoped to boost its annual revenue past the 2 trillion won ($1.7 billion) mark to join its competitors Nexon and Netmarble.Prior to the launch, Lineage2M topped the popularity list on both Google Play and App Store. Advance sign-ups for the game notched 7.38 million, a reco
Nov. 27, 2019
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LG to invest W20b in SoftBank Venture's AI fund
LG Group said Tuesday it will invest 20 billion won ($17 million) in SoftBank's venture fund focused on artificial intelligence startups. Four affiliates of LG Group -- LG Electronics Inc., LG Chem Inc., LG Uplus Corp. and LG CNS Co. -- will jointly raise 20 billion won ($17 million) for Softbank Ventures' early-stage AI fund of 320 billion won, LG said. The investment in the Japanese tech giant's venture unit is part of the Korean conglomerate's broader plan to develop advanced AI t
Nov. 26, 2019
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[ASEAN-Korea summit] Korea, ASEAN join hands for growth of startups
BUSAN -- Leaders of South Korea and ASEAN countries have joined hands to foster the growth of startups at an event held Tuesday on the sidelines of the ASEAN-ROK Commemorative Summit. Hosted by the Ministry of SMEs and Startups, the ASEAN-ROK Startup Summit took place in Busan to enhance cooperation among startups of Korea and ASEAN. The event was attended by representatives from 40 ASEAN startups participating in a Korean incubation program.President Moon Jae-in said in a speech, “Korea w
Nov. 26, 2019
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[Herald Interview] Biz card app Remember aims to be ‘Asia’s LinkedIn’
BUSAN -- South Korea’s popular business card app provider Drama & Company is seeking to make its mobile platform an “Asian version of LinkedIn” by deploying localized knowledge and sentiments. “Relatively, LinkedIn does not work as well in Asia as in the West. Asians are more reluctant to post their resumes in an open space,” said Drama & Company CEO Choi Jae-ho in a brief interview with The Korea Herald at the ASEAN-ROK Startup Summit held in Busan on Tuesd
Nov. 26, 2019
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Xcopri marks SK Biopharmaceuticals’ 15-year efforts for full value chain
SK Biopharmaceuticals has a full value chain ready for its newly approved partial onset seizure epilepsy drug Xcopri, said the company’s CEO Cho Jeong-woo, Tuesday. Beginning from compound discovery to preclinical trials, clinical trials and product approval in the US, SK Biopharmaceuticals has directly overseen every step of Xcopri’s commercialization. Now it will continue to directly handle local marketing and sales from the second quarter of 2020, said Cho during a press conferenc
Nov. 26, 2019
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BAT Korea launches Glo Pro using induction heating tech
British American Tobacco Korea on Tuesday launched Glo Pro that uses an induction heating technology, which is also widely used in kitchens. According to the tobacco maker, Glo Pro contains a battery-powered coil which creates a magnetic field. The heat is generated in the metal tube that holds the tobacco stick called Neo. The technology delivers more robust tobacco taste and faster heating time for the first puff, BAT Korea said. It is also heated at a higher temperature than th
Nov. 26, 2019
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Hyundai Glovis’ CSR activities focus on driving safety
Hyundai Glovis said Tuesday it has been conducting a wide range of corporate social responsibility programs to promote driving safety.The logistics unit of Hyundai Motor Group has been running a program for driving safety since 2015, which includes handing out a safety product kit for drivers. It highlights the company’s value in safety as a leading logistics firm, it said.The company has handed out some 11,000 safety kits for drivers by visiting expressway rest stations in collaboration w
Nov. 26, 2019
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Celltrion’s Remsima SC gets EMA approval, plans to launch in 2020
Celltrion said Tuesday its infliximab biobetter Remsima SC has received the European Medicines Agency’s approval for sales in the continent. Remsima SC’s main target patients are those who are resistant to original TNF-a inhibitors such as Humira (adalimumab) and Enbrel (etanercept). While infliximab currently takes up only 9 percent of the rheumatoid arthritis treatment market, the rate of patients who are prescribed a different medication -- apart from adalimumab and etanerce
Nov. 26, 2019
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[Herald Interview] ‘Yuhan deals are first steps to make Korea center of innovation’
When 93-year-old Korean pharmaceutical firm Yuhan signed a collaboration deal with Johnson & Johnson’s subsidiary Janssen a year ago, it excited bio investors here and abroad. The transaction, reaching up to 1.4 trillion won ($1.19 billion), was the second biggest in the history of Korean biopharma research and development at the time. Janssen was interested in Yuhan’s lazertinib pipeline for third-generation lung cancer. Since then, Gilead signed a deal worth 878 billion won to
Nov. 26, 2019
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[ASEAN-Korea summit] SKT envisions Thai version of “Dae Jang Geum”
BUSAN -- SK Telecom CEO Park Jung-ho said Monday he envisioned a Thai version of “Dae Jang Geum,” also known as “Jewel in the Palace,” a hit Korean drama that drew fans across Asia, as one idea for cultural content investment in Southeast Asia. When asked whether SKT planned to expand investment in Southeast Asia at a gala dinner hosted by President Moon Jae-in for ASEAN leaders on Monday evening, CEO Park said, “I think it would be entertaining to make new bus
Nov. 25, 2019
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Seoul completes checkups for cracks on 151 B737-NGs
South Korea's transport ministry said Monday it has completed checkups on the country's 151 B737-NG planes for structural cracks, while aiming to finish the repair and replacement work on 13 faulty planes by January.The Ministry of Land, Infrastructure and Transport discovered structural cracks on 13 B737-NG planes and immediately grounded them. A team of Boeing engineers flew to Seoul on Oct. 31 to help fix the problems.The 13 planes include five from Korean Air Lines Co., three from Jin Air Co
Nov. 25, 2019
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AB InBev names new CEO for S. Korea unit
Belgian brewing giant Anheuser-Busch InBev has named a new chief executive for its South Korean operations, Oriental Brewery Co. said Monday.Ben Verhaert, president of AB InBev's South Asian operations, will be replacing OB CEO Bruno Cosentino who will move to the Belgian beverage firm's African operations as chief marketing officer, OB said in a statement. He will start in the new post in January,Verhaert, 41, a native of Belgium, has built up his career mainly in the sales and logistics fields
Nov. 25, 2019
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[ASEAN-Korea summit] Smart plant solutions, green cars eye fast-growing ASEAN markets
BUSAN -- Forty-five South Korean companies exhibited and demonstrated their new technologies related to the “fourth industrial revolution,” from green cars to smart factory solutions, in a bid to create more business opportunities in the fast-growing ASEAN markets. Officials from the government, companies and their potential partners and clients gathered at Bexco for the ASEAN-ROK Innovation Showcase 2019, which was held on the sidelines of the 2019 ASEAN-ROK Commemorative Summit, in
Nov. 25, 2019
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[ASEAN-Korea summit] Malaysian premier visits KAI’s production facility
Malaysian Prime Minister Mahathir bin Mohamad visited the production site of South Korea’s sole aircraft manufacturer Korea Aerospace Industries during his trip for the ASEAN-ROK Commemorative Summit in Busan, the company said Monday. He was briefed on the light attack aircraft FA-50, basic trainer KT-1 and Surion helicopter KUH-1.“We have come to trust KAI more after seeing the production facilities and hope to continue our partnership,” Mohamad said. KAI pitched the lig
Nov. 25, 2019