Most Popular
-
1
[H.eco Forum] H.eco Forum calls for transition to clean, carbon-free energy
-
2
‘Gimflation’ in S. Korea as dried seaweed prices grow on rising global demand
-
3
[Exclusive] LACMA admits it needs further research on donated Korean paintings
-
4
Yoon to resume diplomatic activity via 3-way summit with Japan, China
-
5
[Herald Interview] Korean adoptees embark on journeys to find roots
-
6
S. Korea's gender pay gap worst in OECD
-
7
[Bridge to Africa] Africa-Korea partnership: Why it matters for future
-
8
South Korea unveils W26tr support program for chip industry
-
9
SM, YG Entertainment’s K-pop groups benefit from troubles at Hybe
-
10
Illit’s agency sues Ador CEO Min Hee-jin for defamation
-
Coca-Cola Korea launches new carbonated water
Riding on the growing popularity of carbonated drinks, Coca-Cola Korea’s sparkling water brand Seagram’s has released new zero-calorie flavored sparkling water, Seagram’s The Tansan, the company said Tuesday.The company said Seagram’s The Tansan will have two flavors -- lemon and apple mint -- designed as palate refreshers. Tansan in Korean means carbonic acid, which gives carbonated drinks their signature bubbles and refreshing “bite.” “The crisp flavor
Aug. 20, 2019
-
Asiana jumps as local activist fund shows takeover interest
Stock prices of Asiana Airlines Inc., South Korea's second-biggest airline, jumped 11 percent on Monday following news that a local activist fund is considering taking over the company.Asiana shares soared 26 percent to an intraday high of 6,240 won before closing at 5,500 won. The broader KOSPI gained 0.7 percent.Kumho Asiana Group, a South Korean airline-to-petrochemical conglomerate, aims to sell a 31 percent stake in Asiana Airlines held by its affiliate Kumho Industrial Co. together with it
Aug. 19, 2019
-
Beleaguered air carriers halt cargo services, suffer slump in stock prices
Hit with the triple whammy of global trade conflicts, diminished profitability and management risks, South Korea’s two full-service air carriers have decided to severely cut back on cargo services to carry through their quarterly operating loss, which exceeds 100 billion each.Korean Air and Asiana Airlines both said Monday that they were suspending domestic cargo delivery service as of October, in an effort to improve their financial situation after reporting poor second-quarter earnings a
Aug. 19, 2019
-
SK chief opens Icheon Forum, SK Univ. to speed up ‘deep change’
Seeking changes in the way a conglomerate operates, SK Group kicked off an annual in-house forum Monday in search of a new path to transform its wide range of businesses. Hosted by Chairman Chey Tae-won, the Icheon Forum invited CEOs of affiliates, executives and rank-and-file employees to discuss the future of the nation’s third-largest conglomerate, which faces growing geopolitical risks, technological competition and fast-changing consumer markets, officials said.During the third editio
Aug. 19, 2019
-
Gucci, Louis Vuitton use retro mobile games for marketing
Global fashion houses Gucci and Louis Vuitton have incorporated 8-bit retro games into their mobile apps and online websites to attract more millennial attention. Gucci, the first from high fashion house to pivot to games for marketing, has launched the Gucci Arcade corner in its smartphone application since July. The Gucci Arcade currently has two titles Gucci Bee and Gucci Ace, whose names take after the iconic fashion lines of the Italian brand. Users can play the game for free after download
Aug. 19, 2019
-
[Going Renewable 6] How IMO regulations affect Korean oil refiners, shipbuilders
The Korea Herald is publishing a series of articles on the quest of South Korea’s government and businesses to switch to renewable energy. -- Ed.New environmental regulations in international waters could serve as a momentum for Korean oil refiners and shipbuilders to seek new opportunities in the sluggish markets. In response to heightening environmental concerns and growing harmful emissions from ships, the International Maritime Organization has ruled that from January 2020 ships will h
Aug. 19, 2019
-
Apple says it employs 500 workers in S. Korea
The South Korean unit of Apple Inc. employs 500 workers and has helped create more than 300,000 jobs here over the past 20 years, according to its website Monday. It marks the first time since the US tech giant's entry into South Korea in 1998 that the company has unveiled the workforce of its local subsidiary.The newly opened "job creation" section of the Korean-language website said Apple's local unit started with only two employees, but its payroll had increased to some 500 as of en
Aug. 19, 2019
-
[News Focus] Korea keen on investment in ocean cruise harbors
SEJONG -- South Korea has five international cruise terminals -- two in Jeju, one in Busan, one in Sokcho and one in Incheon.With the Ministry of Oceans and Fisheries focusing on the development of cruise tourism, its plan to open a new Jeju Port, aimed at handling a greater number of inbound cruise tourists, has been approved by the Cabinet.The endorsed budget for the third ocean cruise terminal on Jeju Island -- with the capacity to manage 4.7 million tourists per year -- is set at 2.8 trillio
Aug. 18, 2019
-
Top 10 biz groups' operating profits down by 54% in H1
South Korea's major conglomerates posted downbeat operating earnings in the first half from a year ago due to weak global demand for major products, including memory chips, industry data showed Sunday. The combined operating profits of 90 listed companies affiliated with the nation's top 10 business groups totaled 21.3 trillion won ($17.5 billion) in the first six months of this year, 53.5 percent down from a year earlier, according to market researcher Inforbix's analysis of their semiannual re
Aug. 18, 2019
-
[Herald Interview] Raising the bar of ethical farming, startup offers ‘disruptive’ agritech
ULikeKorea is a livestock health care startup that has introduced a first-of-its-kind bio capsule designed to lodge inside a cow’s first stomach and stay there to monitor the animal’s food and drug intake, real-time core body temperature and breeding cycle for quality meat production.The company became one of the eight winning candidates in the third SoftBank Innovation Program that took place in June, 2018, as a promising agritech firm in the “disrupt” category.There hav
Aug. 18, 2019
-
Incheon Airport expands overseas business portfolio
Incheon International Airport Corp. said Sunday it has signed a memorandum of understanding with Indonesia’s state-run airport operator Angkasa Pura I for cooperation in overseas airport projects. The signing ceremony, attended by IIAC CEO Koo Bon-hwan, President Director of AP I Faik Fahmi and some 20 officials from both companies, took place at Paradise City in Incheon on Wednesday. Under the memorandum, IIAC and AP I will upgrade relations to a strategic partnership to closely cooperate
Aug. 18, 2019
-
KT launches epidemic prevention app in Ghana
Korean telecom company KT said Sunday it has launched a mobile application to help prevent epidemics in Ghana, Africa. Called the Global Epidemic Prevention Platform, the app allows users to access information on epidemic diseases. It supports three functions: GEPP Public, GEPP Clinic and GEPP Gov. GEPP Public alerts people who enter an epidemic region of the potential dangers. GEPP Clinic receives real-time notifications from people who have experienced an epidemic breakout and displays locatio
Aug. 18, 2019
-
Korean Air shares hit record low after poor Q2 earnings
Stocks of the country’s largest full-service carrier, Korean Air, hit another record low on Friday after the company reported poor second-quarter earnings amid a deteriorating business environment and hefty foreign exchange losses.On Friday, shares of Korean Air fell 0.2 percent to close at 22,850 won ($18.87) per share, recording a new 52-week low, while the benchmark Kospi remained relatively steady. According to Korean Air, the airline recorded 3.2 trillion won in sales from April to Ju
Aug. 16, 2019
-
Asiana Airlines expands Incheon-New York routes
South Korean full-service carrier Asiana Airlines said Friday that it would expand its Incheon-New York route to twice a day starting Nov. 24.The air carrier currently flies Incheon-New York route only once in the morning. The newly added flight will depart from Incheon at 9:50 p.m. and the company plans to assign the new A350 flight, which can sit 311 passengers for user convenience during the long-haul flight.The company said that this new route would benefit those who want to depart to New Yo
Aug. 16, 2019
-
SK Group-led global alliance to standardize measurement of social contribution of firms
A global alliance of multinational companies led by South Korea’s SK Group will standardize the measurement of businesses’ contribution to society in the next three years, officials said Thursday.Taking the leadership of the project, SK in partnership with German chemical firm Basf, has launched a nonprofit organization in Frankfurt to start developing a methodology for measuring the value of social contribution made by private entities. Named Value Balancing Alliance, the organizati
Aug. 15, 2019
-
Clash of the titans: Samsung Galaxy Fold, LG V50S to debut at IFA
Global smartphone makers are anticipated to go head-on in September, with some strategically unveiling their latest models at the annual trade show, the Internationale Funkausstellung (IFA) 2019, from Sept. 6 to 11 in Berlin, Germany.LG Electronics announced that it will introduce its new dual-screen smartphone V50S at the annual consumer electronics show, while industry watchers predict Samsung Electronics is likely to display its foldable phone Galaxy Fold for consumers to experience it firsth
Aug. 15, 2019
-
SK Innovation secures W800b green loan for EV battery
SK Innovation said it has secured an 800 billion won ($650 million) green loan to expand its investments in electric vehicle batteries. The company said it secured the funds through several financial organizations, including the Korea Development Bank, KEB Hana Bank and Bank of America, without giving further details. A green loan is a new lending activity aimed at making sustainable investments and reducing the impact on the environment with lower interest rates. SK Innovation said the fun
Aug. 15, 2019
-
[Photo News] New favorite Korean instant noodles?
Samyang Foods and Homeplus said Wednesday that an accumulated 1.3 million packs of Samyang Kookmin Ramyun have been sold since its launch June 13. Samyang said the product was developed jointly with Homeplus to provide instant noodles at a reasonable price. Samyang Kookmin Ramyun is sold only at Homeplus stores and costs 2,000 won ($1.65) for a bundle of five packs. The word “Kookmin,” meaning people in Korean, is often used in describing a brand or product to suggest popul
Aug. 14, 2019
-
Incheon Airport marks accumulated 700m passengers
Incheon International Airport Corp. said Wednesday that the airport’s accumulated number of passengers has surpassed 700 million. To mark the milestone, the operator of South Korea’s main gateway held various events, including giving a round-trip ticket and a Turtle Ship made of pure gold to the 700 millionth passenger who arrived at Incheon Airport. IIAC said the achievement of marking an accumulated 700 million passengers since its opening in March 2001 is meaningful, as
Aug. 14, 2019
-
Despite apology, more Korean retailers suspend sales of DHC products
More South Korean retailers are joining the industry-wide boycott of Japanese cosmetics brand DHC after the company’s beauty TV channel aired offensive content allegedly mocking Koreans and the country’s history. According to the health and beauty industry, retail conglomerate Lotte Group’s online unit Lotte.com has decided to temporarily suspend sales of DHC products from Tuesday. Another retail giant Shinsegae stopped selling DHC cosmetics on its e-commerce platform SSG.
Aug. 14, 2019