Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Samsung doubles down on Vietnam
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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Suspect behind murder of Korean tourist in Pattaya arrested
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Prosecutors summon pastor involved in Dior bag scandal
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[Grace Kao] American racism against Stray Kids
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NewJeans' members' parents complained to Hybe, email shows
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[Graphic News] Over 80% of people filing bankruptcy in Seoul in their 50s and older
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Samsung's work environment holds no clues to workers' illnesses: investigation team
An independent investigation committee tasked with checking the work environment at Samsung Electronics Co. said Wednesday that it has found no clear evidence to link the chips and display lines with the illnesses suffered by some workers, although acknowledging there should be continuous studies. After carrying out a probe, the team of experts said it found no critically hazardous substances at Samsung's production facilities. "It is our goal to prevent work-related diseases in the future by re
April 25, 2018
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[Doing Biz in Korea] Too many ‘pure’ Korean regulations here: ECCK president
The Korea Herald is publishing a series of features and interviews on South Korea’s business environment for foreign companies and investors. This is the sixth installment. -- Ed.South Korea should get rid of “too many pure Korea regulations” that hamper trade, and fully utilize the benefits of its free trade deals, according to the president of the European Chamber of Commerce in Korea. “Sometimes, European companies hesitate to launch their new products here because there are too many ‘pure Ko
April 25, 2018
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Seoul court rules in favor of LG for vacuum cleaner ad
The Seoul Central District Court ruled Wednesday in favor of LG Electronics in a case regarding its cordless vacuum cleaner advertisement, denying UK home appliance maker Dyson’s claim that LG exaggerated a characteristic of its product. A screenshot of LG Electronics’ advertisement for its cordless vacuum cleaner. (Youtube)“LG’s advertisement is considered to have cited test results conducted by objective means,” the court said, adding there is no evidence that LG had sought to mislead consume
April 25, 2018
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[Management in Korea] CEO succession: A powerful tool for chaebol continuity
Management in Korea is a regular column written by the members of Egon Zehnder Seoul, touching on various aspects of Korean enterprises and business leaders and offering management tips. -- Ed.The transition to a new CEO is a vulnerable time, as the rest of the company, its business partners, investors and customers size up the new leader and his or her effect on the trajectory of the organization. If this is true for companies in general, it is often particularly so for family businesses. In ad
April 25, 2018
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Energy minister ditches plan to install solar panels at home amid neighbors’ opposition
South Korea’s Energy minister Paik Un-gyu has ditched a plan to install a household solar power system at his home apartment, in the face of opposition from neighbors in the same building. Energy minister Paik Un-gyu (Yonhap)Paik, a resident of the affluent Gangnam district in southeastern Seoul, attempted to have the power-generating device attached to the apartment building several weeks ago, according to the ministry. The 54-year-old minister of trade, industry and energy asked a local admin
April 25, 2018
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Customs authorities take to instant messengers to keep anonymity of Korean Air whistleblowers
South Korea’s customs authorities have taken to instant messengers KakaoTalk and Telegram to help whistleblowers anonymously share evidence of the embattled Hanjin owner family’s breach of the law. (Yonhap)Incheon Main Customs, a local unit of the Korea Customs Service in charge of major international airports in Incheon and Gimpo, started an “open chat room” on the nation’s popular messenger app KakaoTalk on Tuesday, through which users can share evidence with all participants in the chat room.
April 25, 2018
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Court denies Dyson's request to stop LG vacuum cleaner ad
A Seoul court on Wednesday turned down an injunction request by British home appliance maker Dyson attempting to stop an advertisement for a cordless vacuum cleaner produced by South Korea's LG Electronics Inc. for overrating its functions.Dyson filed for the injunction last November, claiming that LG had exaggerated the suction power of premium cordless vacuum cleaner Code Zero A9 in its advertisement.The foreign electronics firm, which has established a strong foothold in the local market on t
April 25, 2018
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Police raid Hyundai Engineering's main office in graft probe
Police said Wednesday they raided the headquarters of Hyundai Engineering & Construction Co. in an investigation into allegations that the company offered bribes to owners of properties for which it had bid to gain the sole rights for housing reconstruction.The white collar unit of the Seoul Metropolitan Police Agency sent 37 officers to the company's main office in Jongno, central Seoul, to obtain evidence. (Yonhap)Police have been investigating the country's major builder based on intel that t
April 25, 2018
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Officials seek evidence of alleged tax evasion by Korean Air owning family
South Korea's customs service said Wednesday that it has opened a chat room in the country's dominant chat app Kakao Talk as part of its efforts to gather evidence over allegations that the members of Korean Air Chairman Cho Yang-ho's family smuggled luxury goods without paying duties.The Korea Customs Service said anyone can join the chat room with the click at the click of a link (open.kakao.com/o/g9vFEqL).The move came as Korean Air officials who tipped off the media about Cho family members'
April 25, 2018
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Semiconductor industry shows big profit gap between majors, minors
The profit gap between majors and minors in the semiconductor industry is as wide as eight-fold, analysis by a corporate tracker showed Wednesday, an imbalance veiled by big successes of industry leaders, such as SK hynix and Samsung Electronics.According to CEO Score, total sales by 173 semiconductor firms last year came to 242.88 trillion won ($225.3 billion). Their operational profit reached 57.1 trillion won. The analysis was based on business reports submitted by the companies who are membe
April 25, 2018
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Korean Air chairman accused of ‘excessive’ disciplinary action
Embattled Korean Air Lines Chairman Cho Yang-ho is now under fire for ordering what some have viewed as “excessive” disciplinary action against cabin crew over a customer’s complaint. The complaint involving a chicken curry dish served during a flight follows Chairman Cho’s public apology for the latest “water rage” scandal involving one of his daughters Sunday, as he fired his two daughters Cho Hyun-ah and Cho Hyun-min from their senior executive posts for causing public uproar. Cho Hyun-ah was
April 24, 2018
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Korean Air faces investigation over unfair business practice
The scandal at the embattled Korean Air has spread into an investigation by the nation’s antitrust watchdog into the group’s alleged unfair business practices. It is the latest line of investigations by the authorities sparked by allegations that Cho Hyun-min, a senior vice president at the airline, threw water in an advertising agency employee’s face at a business meeting. “We started an investigation (into Korean Air) on Friday,” the Fair Trade Commission said Tuesday. “A total of 30 investiga
April 24, 2018
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Hyundai steel steps up CSR activities
Hyundai Steel, the steelmaking arm of Hyundai Motor Group, is engaged in a number of volunteer projects to boost long-term corporate social responsibility and help tackle social problems, according to the company Tuesday.Under the company’s vision to “Create miracle and change for the next 100 years,” it has taken part in volunteer programs here and overseas.Since 2011 Hyundai Steel has been running a project aimed at reducing energy use at low-income households in Incheon, Pohang in North Gyeon
April 24, 2018
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IFEZ unveils plans to make Songdo world-class bio industry hub
With hopes of becoming a global bio center on par with those in San Francisco and Singapore, the Incheon Free Economic Zone Authority unveiled its plans to expand a bio cluster in Songdo to attract global biopharmaceuticals. Incheon Free Economic Zone Commissioner Kim Jin-yong speaks at the Global Bio Hub Symposium held at the Songdo Convensia in Incheon on April 11. (IFEZ)Kim Jin-yong, commissioner of IFEZ said during a Global Bio Hub Symposium held earlier this month that IFEZ will make use o
April 24, 2018
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Flight attendants on Jeju Air can now wear glasses, nail art
Flight attendants on Jeju Air are officially permitted to wear glasses and nail art, the South Korean low cost carrier said Tuesday.Jeju Air said it recently revised the rules for its cabin crew so that cabin members are allowed to wear eyeglasses and are required to carry an additional pair or contact lenses, in case the glasses get broken.The rules also allow nail art of all colors and types, save large stones or crystal adornments, which may cause scratches. (Photo courtesy of Jeju Air-Yonhap
April 24, 2018
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Korean Air's brand value slides after latest family scandal
The brand value of Korean Air Lines Co. has been dropping since the latest scandal surrounding the owner family erupted, and it may be outranked by its rival, according to an appraisal website Tuesday.The "share price" of Korean Air in the brand stock market, as rated by Brandstock, ended at 473,000 won ($439) on Monday, the lowest since 467,000 won of March 29 last year.Brandstock measures brand value by having its members trade company shares in a simulated stock market using cyber money that
April 24, 2018
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Korean Air family under siege despite father’s apology
The controlling family of the nation’s largest air carrier found itself under heavy criticism Monday, amid the emergence of fresh allegations of misconduct and another search and seizure operation -- this time at its headquarters -- despite a public apology made by the father of the two troubled heiresses a day earlier.Customs investigators raided the head and branch offices of Korean Air in Seoul where the air carrier’s Senior Vice President Cho Hyun-min has offices, to secure evidence of custo
April 23, 2018
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Asian Forest Cooperation Organization to be launched with 14 nations
The long-awaited Asian Forest Cooperation Organization will be officially launched on Friday as an intergovernmental regional organization with the aim of strengthening regional forest cooperation to address the impact of climate change, according to ASEAN-Korea Forest Cooperation Secretariat on Monday. The AFoCO will be established to strengthen regional forest cooperation in Asia which is vulnerable to forest degradation and climate change and to contribute to achieving the sustainable develop
April 23, 2018
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Police launch preliminary probe into Korean Air chief's wife over alleged assaults
Police said Monday they began a preliminary investigation into the wife of the Korean Air Line Co. chief over alleged physical and verbal violence. Lee Myung-hee, wife of Chairman Cho Yang-ho and director of the Ilwoo Foundation, is suspected of hitting workers who were part of a construction crew hired to remodel her Seoul residence in 2013. She allegedly told them to kneel down and slapped them in the face and kicked them in the shins. She is also suspected of verbally insulting an employee at
April 23, 2018
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Number of visitors to Korea grows in March after 12 months of decline
The number of foreigners who visited South Korea rose 10.7 percent on-year in March, ending 12 straight months of decline, data showed Monday, as the government pushes to diversify the country's tourist portfolio in the face of a plunge in the number of Chinese visitors.The total number of inbound visitors came to 1.37 million last month, up from 1.23 million a year earlier, according to the data from the Korea Tourism Organization. Tourists visit Gyeongbok Palace in central Seoul on Sunday, Apr
April 23, 2018