Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Yoon interacts with public for 1st time since election defeat
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
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Police officer jumps barefoot into drainage tunnel to save man
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Lee Sun-kyun's posthumuous film to hit theaters in August
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N. Korea says to deploy new multiple rocket launcher starting this year
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NK’s trade volume fell 15% due to sanctions: report
North Korea’s trade volume fell 15 percent last year on-year to reach $5.5 billion due mainly to stronger sanctions imposed by the United Nations Security Council, according to state-run Korea Trade-Investment Promotion Agency on Monday. According to the KOTRA report, North Korea’s export volume stood at $1.7 billion last year, a 37.2 percent fall from the previous year, and imports came to $3.7 billion, a 1.8 percent rise, during the same period. Its trade deficit rose 125.5 percent to $2 billi
July 9, 2018
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Ministry lauds LX in appraisal of public bodies
South Korea‘s state-owned Land and Geospatial Informatrix Corporation (LX) said Monday it won high ratings in a performance evaluation on Korean state-owned enterprises and quasi-public institutions for its “public-friendly” policies in 2017. LX headquarters in Jeonju, North Jeolla Province (LX)Of 123 institutions assessed by the Ministry of Strategy and Finance, the LX was one of the three in Korea that earned grade A in evaluation both on a curve and by absolute values, according to the state-
July 9, 2018
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S-Oil delivers W100m to food truck entrepreneurs
S-Oil delivered 100 million won ($89,900) to young entrepreneurs operating food trucks across the country via a newly launched program, the company said Monday. The 40 teams -- 25 from metropolitan regions and 15 from elsewhere -- were selected to receive oil gift certificates worth 2 million won each. S-Oil CEO Othman al-Ghamdi (center) poses with young entrepreneurs selected to each receive 2 million won in oil gift certificates in Yeouido, Seoul, Monday. (S-Oil)Food truck entrepreneurs under
July 9, 2018
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Korean SMEs’ exports to Asia-Pacific markets continue to grow: FedEx
FedEx Express, a subsidiary of the courier delivery services company FedEx, said Monday that South Korean small and midsized enterprises’ export volume in Asia-Pacific countries has increased significantly in recent years, citing its survey. A FedEx Express employee delivers a parcel to a customer. (FedEx)According to the survey conducted on some 500 SMEs here from March toApril, 67 percent of them have shipped products to Asia-Pacific countrieincluding China, Japan and Vietnam. Among them, 22
July 9, 2018
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Asiana, Korean Air employees hold joint rally against their bosses
Hundreds of staff from South Korea‘s two rival air carriers held a rare joint rally late Sunday, blaming the companies’ top management for causing scandals that have evoked huge public outrage. More than 400 employees of Asiana Airlines Inc. and Korea Air Lines Co. gathered in central Gwanghwamun to stage a rally condemning their chiefs Park Sam-koo and Cho Yang-ho, respectively.(Yonhap) Asiana staff denounced Park and his executives for massive in-flight meal service disruptions that led over
July 8, 2018
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SK Innovation’s valuation rises ahead of new sulfur cap
SK Innovation, South Korea’s leading oil refiner, has bolstered its value and profit model with a desulfurization project underway in Ulsan and its ultra-low sulfur production business in Singapore, before stricter environmental regulations by the International Maritime Organization go into effect in 2020, industry experts said Sunday. The International Maritime Organization passed a regulation in 2016 to limit the amount of sulfur in ship fuel to 0.5 percent starting January 2020 from the curre
July 8, 2018
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[Photo News] Korea sees record grain price hike in 2018 H1
RECORD GRAIN PRICE HIKE – A shopper looks around the grain section at a supermarket in Seoul, Sunday. On the day, Statistics Korea said that the country’s average grain price increased 19.8 percent in the first half of 2018, compared to the same period the previous year. It marks the biggest hike in grain prices since the state-run statistics agency began tracking the figures. (Yonhap)
July 8, 2018
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[Newsmaker] Shares of Asiana, Korean Air dive on owner family misconduct
The summer vacation season is traditionally a boon for the airline industry. But South Korea’s major airline companies are far from cruising, as their stocks have been plunging along with their brand power due to personal and business irregularities allegedly committed by the owner families. Asiana Airlines, one of Korea’s two major air carriers run by the Kumho Asiana Group, has seen its shares plummet since the recent “no-meal” fiasco erupted, jeopardizing the firm’s standing and igniting prot
July 8, 2018
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[Video] Samsung heir leaves for India with two missions
Samsung Electronics’ heir apparent Lee Jae-yong departed for India on Sunday with two major tasks: recover relations with the Moon Jae-in government and lay groundwork to further expand in the Indian smartphone market. The highlight of Lee’s trip to India will be his meeting with President Moon -- who also left Sunday for a state visit to the country and Singapore for six days. They will be face to face at a ceremony on Monday to mark the completion of Samsung’s newest factory for smartphones in
July 8, 2018
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[IP in Korea] 'Cosmax’s patent nullity win against Amorepacific was technical'
The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 19th installment. -- Ed. Combining foundation makeup with skincare in an innovative easy-to-apply package, cushion compacts have been identified by some as the biggest game-changer in the cosmetic industry in recent years, as well as the top contributor to the rise of Korea’s cosmetics exports.The leader of the innovation was South Korea’s largest cosmetics manufacturer, Amorepacif
July 8, 2018
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E-Mart to upgrade chairs for cashiers behind counter
E-Mart will upgrade work chairs for cashiers at the counter. The South Korean supermarket chain will roll out the new chairs, which are 77 centimeters in height with a 23 centimeter tall back, next week.Beginning with the Uijeongbu location on July 16, the new measure will equip all E-mart stores across the country with the upgraded business furniture by August. (E-Mart)The moves comes as the retail giant seeks to ensure a better working environment at its over 140 stores, as the taller chairs w
July 8, 2018
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[Trending] Amazon starts free shipping service to Korea?
Speculation of a rumored free shipping service to South Korea for online mega retailer Amazon hit social media platforms here Friday.The sudden interest in Amazon spiked as some Korean consumers claimed a “Free Amazon Global Shipping” option is being activated on the US Amazon website for orders totaling more than $90. (Screencaptured from Amazon website)According to a local media report, the free shipping option would be limited to Amazon’s private label products. There has been no official an
July 6, 2018
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Asiana Airlines workers hold protest over ‘no-meal fiasco’
Workers at Asiana Airlines, one of the two major air carriers here, held a candlelight vigil on Friday, holding the company‘s management responsible for a massive disruption to the carrier’s in-flight meal service and allegedly seeking profits in the interest of the owner family.Wearing black clothes, and the Guy Fawkes mask, a group of unionized workers at Asiana gathered in Gwanghwamun, central Seoul, at 6 p.m. More than 300 people are expected to attend. They plan to hold another rally on Sun
July 6, 2018
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LG Innotek unveils LED lineups for smart farming
LG Innotek, a South Korean manufacturer of optical electronic parts, has unveiled a full lineup of LEDs generating light sources that grow plants faster than the natural sunlight.Named “Horticulture LEDs,” the products are a semiconductor light source that can control plant growth rates and increase the nutrient content of the crop by using the light of a specific wavelength, the company said in a statement. “This product was developed considering the characteristics that the physiological respo
July 6, 2018
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[Eye Plus] Beating summer heat at goblin markets in Seoul
There are various ways to help beat the sweltering summer heat in Korea; swimming in the sea, eating hot boiled chicken soup, and camping along the Han River are some options. But shopping at goblin markets seems to be gaining in popularity. Officially called “Seoul Bamdokkaebi Night Market,” it is a night market event organized by the Seoul Metropolitan Government. Visitors to the night market, which are open Fridays and Saturdays from March to October, can enjoy foods from around the world, sh
July 6, 2018
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Samsung growth slows as smartphone sales fall
Samsung projected on Friday that it generated 58 trillion won ($51 billion) in sales and 14.8 trillion won in operating profits in the second quarter, the first quarter-on-quarter fall in seven quarters. The decline came from weak smartphone sales despite record high chip earnings, according to analysts. Although the tech behemoth’s earnings are expected to rebound in the third quarter due to the rise of chip demand, the company’s long-term outlook does not look rosy. The tech firm’s market lead
July 6, 2018
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Samsung's operating profit up 5.19% in Q2
Samsung Electronics Co. said Friday its second-quarter operating profit advanced 5.19 percent from a year earlier, but it failed to post record-breaking earnings apparently due to weaker-than-expected smartphone sales.Operating profit for the three-month period came to 14.8 trillion won ($13.2 billion), compared with 14.07 trillion won reported a year earlier, the company said in its earnings guidance report.Sales came to 58 trillion won, down 4.92 percent on-year.The second-quarter operating pr
July 6, 2018
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President Moon to attend ceremony for Samsung Electronics’ India plant
South Korean President Moon Jae-in will attend a ceremony to mark the completion of Samsung Electronics’ new smartphone plant in India next week, according to Cheong Wa Dae.The president, who is to pay a state visit to the country from July 8 to 11, will be joining the tech titan‘s celebration on Monday, an event to take place at its new smartphone production facility in Noida, a planned city in the northern state of Uttar Pradesh, a Blue House official confirmed Thursday.The official added Sams
July 5, 2018
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[Herald Interview] ‘Korea Forest Service to play key role in antidesertification’
Desertification and the consequent level of air toxicity in nearby countries have had their impact on South Korea, forcing schools to close for several days and deterring citizens from outdoor activities. Under a long-term goal to tackle such climate concerns, Seoul’s government is determined to contribute to the global community‘s blueprint to fight desertification and drought, according to the chief of the country’s forest service.“I believe that we can help create global consensus that forest
July 5, 2018
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Korea, UNCCD host global forum to support land degradation neutrality
South Korea’s government and the United Nations Convention to Combat Desertification jointly hosted an inaugural forum this week to discuss how the international community can best cooperate to achieve land degradation neutrality. Organized by the state-run Korea Forest Service, the Global LDN Forum took place in Seoul on Wednesday and Thursday, inviting officials from environment-focused international organizations, policymakers and academics to discuss ways to strengthen global LDN implementat
July 5, 2018