Most Popular
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YouTuber fatally stabbed on livestream by another YouTuber in Busan
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Yoon rebuffs opposition's call for special probe into wife
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Stray Kids hit with racism in Met Gala photo line
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Ador CEO's dismissal to be decided on last day of May
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[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership
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[Graphic News] Beer the most favored alcoholic drink by Koreans
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Yoon doubles down on repeal of financial investment income tax
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Science Ministry expresses regret over Japan’s pressure on Naver
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Suzy, Park Bo-gum star in AI fantasy romance ‘Wonderland’
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#(NEW) [News Focus] LG Uplus to grow under leadership of new CEO Ha
[News Focus] LG Uplus to grow under leadership of new CEO Ha Kicker: Position swap at LG leads to numerous speculationsBy Song Su-hyunThe latest reshuffle of the top brass of LG Group is raising speculations regarding the future business strategies of the telecommunications unit and the possible scenario of the conglomerate’s future affiliate regrouping. A swap of positions was made between mobile carrier LG Uplus’ Vice Chairman and CEO Kwon Young-soo and holding company LG Corp.’s Ha Hyun-hwoi
July 17, 2018
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Coupang launches Coupang Partners for online affiliate marketing
South Korea’s e-commerce company Coupang said Tuesday it has launched an online affiliate marketing service called Coupang Partners. (Coupang)Coupang Partners aims to help content creators and social media influencers to monetize their online presence by promoting Coupang products and earn commissions, the company said. Coupang said a wide range of online channels can be used to promote its products, from blogs to social networking services like Facebook to corporate websites and mobile applica
July 17, 2018
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SK Group denies takeover of Asiana Airlines
SK Group, South Korea’s third-largest conglomerate by assets, denied that it had plans to acquire Asiana Airlines, in response to the Korea Exchange’s inquiry following media reports. (Sk Group) (Asiana Airlines)Local online news outlet News Tomato reported Tuesday that SK Group is considering the takeover, quoting a senior official of the group. It reported that the matter was discussed during a meeting of the SUPEX Council, the decision-making body of the group. The group’s appointment of for
July 17, 2018
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Food chains expanding self-service kiosks amid rising wages
Food chains in South Korea are rushing to introduce more self-service kiosks as part of efforts to cut costs amid the country's rising minimum wage, industry sources said Tuesday.The nation's tripartite wage commission of government, management and labor decided Saturday to jack up the minimum wage for 2019 by 10.9 percent to 8,350 won ($7.40) per hour from the current 7,530 won. The 16.4 percent increase rate for this year was the biggest in about two decades. (Yonhap)Lotteria, South Korean ret
July 17, 2018
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South Korea’s regenerated power use marks record high in 2017
The trade amount of electricity from renewable sources in South Korea hit an all-time high of 2.4 trillion won ($2.13 billion) last year, backed by President Moon Jae-in’s plan to expand renewable energy, industry data showed Monday. Regenerated power traded in 2017 jumped 20.1 percent on-year to 2.4 trillion won from 1.7 trillion won in 2016, according to data from the state-run Korea Power Exchange.Last year’s figure is over 40 times the 50.4 billion won seen in 2011.Out of the total 44.7 tril
July 16, 2018
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More office workers opt for quick, grab-and-go lunch: survey
More office workers prefer quick takeout food from convenience stores or coffee chains for their lunch hour, amid changes introduced in the country’s work culture with shortened hours, industry data showed Monday. (Yonhap)Convenience store chain operator CU said that at its 44 stores located in Seoul’s business districts Jung-gu, Jongno and Gangnam, sales of grab-and-go food went up by 30 percent from July 2 to 11, compared to the same period of the previous month. During this period, sales of
July 16, 2018
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E-mart cosmetics brand Scentence enters Saudi Arabia
South Korean discount chain operator E-Mart said its cosmetics brand Scentence will enter the Saudi Arabian market next week, opening the brand’s first store outside Korea. E-mart’s Scentence store at Al Nakheel Mall in Riyadh, Saudi Arabia (E-mart)The 66-square-meter store will open inside Al Nakheel Mall, which is operated by Saudi Arabian retail giant Fawaz Alhokair in the capital city of Riyadh.The store will have beauty products including facial serums, cleansers, hair and body care product
July 16, 2018
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Ratio of new regular workers at public agencies plunges in Q1
The ratio of newly hired regular employees at South Korea's public institutions fell sharply in the first quarter amid a jump in the number of indefinite-term contract workers, data showed Monday.According to the data from corporate tracker CEO Score and state portal All Public Information in One, 136 public firms and agencies with a workforce of 500 or more hired a combined 7,901 new employees in the January-March period.Of the total, slightly over 73 percent, or 5,778, were regular workers, wh
July 16, 2018
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Daimler Trucks Korea to join German dual vocational training program
Daimler Trucks Korea signed an agreement with the Korean-German Chamber of Commerce and Industry to collaborate on the German dual vocational training program Ausbildung on Wednesday in Seoul. The signing ceremony was attended by Barbara Zollmann, president and CEO of the Korean-German Chamber of Commerce and Industry, and Cho Kyu-sang, CEO of Daimler Trucks Korea. Barbara Zollmann (right), president and CEO of the Korean-German Chamber of Commerce and Industry, and Cho Kyu-sang, CEO of Daimler
July 15, 2018
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[IP in Korea] ‘Music copyright should evolve with digital revolution’
The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 20th installment. -- Ed.For creators in the age of digitalization, copyright may be the single most important form of intellectual property, allowing them to make profits and stop their work from being used without permission. An excessive obsession with that second protective function, however, may undermine the essence of copyright, according to an expert on the digital music dis
July 15, 2018
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[Herald Interview] Hong Kong lures investment in AI, robotics
Hong Kong has long been a financial hub in Asia but it is now seeking investment to nurture innovative technologies such as artificial intelligence and robotics, said the head of an investment promotion agency in Seoul.“Hong Kong is now very much focused on innovation and technology. We genuinely think that greatly fits with Korea having very advanced companies in the areas -- both large and small -- at a global level,” said Stephen Phillips director-general of Invest Hong Kong, in an interview
July 15, 2018
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[Newsmaker] Unlikely alliance: Workers from rival airlines protest scandal-hit controlling families
They have been rivals for decades, but unionized workers from South Korea’s two largest airlines, Korean Air Lines and Asiana Airlines, found themselves seeking the same goal over the weekend -- seeing their chairmen resign.Chanting a slogan against the power abuse of Korean Air Chairman Cho Yang-ho and Asiana Airlines Chairman Park Sam-koo, employees of the two airlines held a joint rally in front of Cheong Wa Dae on Saturday evening.Employees of Korean Air and Asiana Airlines stage a protest i
July 15, 2018
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New LG chief opting for change over stability
Koo Kwang-mo, the fourth-generation leader of LG Group, appears to be seeking a rapid change in the top brass of the fourth-largest conglomerate in South Korea, making sooner-than-expected appointments for key posts at LG Corp., according to the industry on Sunday. The 40-year-old chairman reportedly appointed Kwon Young-soo, vice chairman and CEO of mobile carrier LG Uplus, as the CEO of holding company LG Corp., and is scheduled to discuss the appointment at a board meeting Monday. LG Corp. C
July 15, 2018
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Samsung Electronics to hand out record high incentive payments to partners
Samsung Electronics Co. plans to hand out record-high incentive payments for the first half of the year to its semiconductor business partners this month amid a boom in sales, industry sources said Sunday.The move reflects the continuing strength of the global super cycle for chips, which has helped Samsung post strong earnings so far in 2018. (Yonhap)The amount to be offered has not been announced, but it could exceed 22 billion won ($19.4 million), observers speculated. In the first half of l
July 15, 2018
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Employees of Korean Air, Asiana call for patriarchs to step down
Hundreds of employees at Korea's two largest airlines held a joint rally on Saturday, calling for the airlines' patriarchs to step down over a string of scandals that sparked a huge public outcry. It was the first time that employees of Korean Air Lines Co. and Asiana Airlines Inc. had held a joint rally, although some employees of Korean Air participated in rallies organized by employees of Asiana Airline earlier this month. Mostly wearing masks or sunglasses due to fears of retaliation, more t
July 15, 2018
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Business representatives decide to shun minimum wage talks for next year
Business representatives to the Minimum Wage Council have decided not to attend any of the discussions for next year’s minimum wage, reports said Friday, a decision that came after their demand to apply differential minimum wage was turned down.Based on local laws, even without the participation of one of the three sides – government, workers and employees – the 27-member council can decide on the minimum wage level if they meet the quorum. Members of the Minimum Wage Council walk out of a meeti
July 13, 2018
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Mystery solved on Korean Air’s engine damage in 2016
An unusual culprit was behind the right wing engine damage suffered by a Korean Air plane during its landing at Jeju Airport on Jan. 25, 2016, investigations by the Transport Ministry showed, according to news reports Friday.Korean Air’s KE1275 suffered a dent on its right wing engine as it was landing at around 11 p.m. The flight had not crashed into any other airplane or facility on the airstrip. The damaged engine of the KE1275 (Yonhap database)To search for the cause, Jeju Airport officials
July 13, 2018
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Samsung BioLogics unlikely to be delisted: securities report
Samsung BioLogics, the pharmaceutical affiliate of Samsung Group that came under fire for a past accounting breach, is unlikely to be delisted despite the financial regulator’s latest sanction, a securities report said Friday.“The Securities and Futures Commission (of the Financial Services Commission) has reserved its final judgement on the change of accounting standards, which is the core issue of controversy in the Samsung BioLogics accounting dispute,” said Jin Heung-kook, an analyst at Kore
July 13, 2018
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Korean workers use less than W600,000 for vacation
More than half of surveyed employees in South Korea plan to go on vacation between July and August, and they would probably spend an average of 596,000 won while on holiday, a survey showed Friday.According to the survey of 1,106 workers conducted by education business institute Hunet, 83.7 percent said they were planning to go on vacation this summer.The average duration of the vacation came to 4.3 days. Only 14 percent of the surveyed workers said they would be leaving for vacation for seven d
July 13, 2018
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Gmarket strengthens shopping benefits for foreign customers
Gmarket, a leading online shopping site operated by eBay Korea, said Wednesday that it has strengthened shopping benefits for foreign users with diverse promotions in July. With the foreign population increasing here, eBay Korea said its global shopping platform Gmarket Global Shop has seen on-year sales growth of at least 33 percent in the health food section in the second quarter of this year. Sales of fresh food such as seasonal fruits, vegetables and rice also saw a 12 percent increase over
July 13, 2018