Most Popular
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Court refuses injunction on medical school expansion
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Is NewJeans headed for a long 'break'?
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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Independent counsel steps up probe of Samsung’s bribery allegations
The independent counsel team is speeding up its probe into whether Samsung paid kickbacks to President Park Geun-hye and her longtime friend Choi Soon-sil in exchange for backing the merger between its construction arm Samsung C&T and marketing subsidiary Cheil Industries last year.According to local news reports Monday, the counsel team has secured significant evidence and testimony that former Welfare Minister Moon Hyung-pyo had ordered the ministry’s affiliated organization National Pension S
Dec. 26, 2016
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Pork gift sets in demand due to anti-graft law
The anti-graft law that limits public officials, journalists and private school teachers from giving or receiving gifts worth more than 50,000 won ($41.70), has changed the trend of gift sets for the upcoming Lunar New Year -- mainly from beef to pork, industry sources said Monday.Lotte Department Store introduced its first-ever pork gift set earlier this month as part of a preliminary sales event held for the New Year. The upcoming Lunar New Year on Jan. 28, is the first traditional holiday sin
Dec. 26, 2016
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Korea to strengthen green tea industry, boost exports
The South Korean government on Tuesday rolled out plans to strengthen the country’s green tea industry over the next 10 years, with aims to boost local tea production and exports. The Ministry of Agriculture, Food and Rural Affairs said it will enact policies to double the country's green tea production to 120 billion won ($160 million) and green tea exports to $1 million by 2026. “We hope to revitalize Korea’s stagnant tea industry to reposition it as one of the country’s economic growth driver
Dec. 26, 2016
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Korea to close 10 aged coal power plants by 2025
South Korea will shut down 10 aging coal-fired power plants by 2025 as part of its efforts to cut greenhouse gas emissions and curb fine dust, a related ministry said Monday. The government also plans to replace environmental facilities at 43 other coal plants in the nation in the initiative expected to cost a total of 11.6 trillion won ($9.67 billion) by 2030, according to the Ministry of Trade, Industry and Energy.The ministry has signed an accord with five local power plant operators on the p
Dec. 26, 2016
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[Herald Interview] Air France-KLM combines European touch with comfort of home
Stefan Vanovermeir returned to South Korea this June as the new general manager for Air France-KLM in Korea, Japan and New Caledonia, 10 years after working in the country as Air France Korea’s commercial director.Many things have changed over the past decade, Vanovermeir said, but one thing has stayed the same -- Korea is intensely competitive and is the perfect place to try out new strategies through customers who are vocal about what they want.“Korean consumers are responsive, more demanding,
Dec. 26, 2016
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Doosan Heavy bags W2.8tr deal with India
Doosan Heavy Industries and Construction has bagged a deal worth 2.8 trillion won ($2.3 billion) to build two coal-fired plants in India, the company said Monday. Korea’s top equipment maker said its overseas corporation Doosan Power Systems India received the notice of award from the Uttar Pradesh provincial government to build the Obra-C coal power plant and Jawaharpur coal power plant in northern India. With each comprised of two 660-megawatt plants, the total production capacity of the power
Dec. 26, 2016
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Domino's Pizza leads local industry in sales in 2015: report
Domino's Pizza led the local industry in sales last year, while local franchise Pizza Maru came out on top in profit, a report showed Monday.According to the report from the Fair Trade Commission, Domino's Pizza posted average sales of 748.76 million won ($624,400) per shop in 2015, followed by Pizza Alvolo with 521.45 million won and Pizza Hut with 481.74 million won.The report is based on an analysis of the top 10 pizza brands here.A local brand, Pizza School, had the largest number of franchi
Dec. 26, 2016
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[From the scene] Japan’s race to revolutionary future in 2020
The Korea Herald is publishing a series of articles on the moves made by the companies and governments of South Korea, China and Japan in entering the new industry 4.0 era. This is the fourth installment. -- Ed. TOKYO -- For the Tokyo Olympics in 1964, Japan unveiled the Shinkansen bullet train, broadcast live TV images via satellite and used computers to record statistics, the first such attempt for the global games. Now, over five decades later and four years away from another Olym
Dec. 25, 2016
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Asiana introduces sixth Airbus 380
Asiana Airlines announced Sunday it has adopted its sixth Airbus 380, completing its three-year plan to boost competitiveness in long-distance routes with the wide-bodied jets.The airline held a ceremony to mark the launch of its sixth A380 at Incheon Airport on Saturday. Officials, including Asiana Airlines President & CEO Kim Soo-cheon (fifth from left), celebrate the launch of the sixth A380 at Incheon International Airport on Friday. (Asiana Airlines)The latest A380 will fly between Incheon
Dec. 25, 2016
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[Newsmaker] Lotte Duty Free to seek mergers
Lotte Duty Free, Korea’s largest duty-free operator, Sunday vowed to become the world’s leading duty-free store operator in terms of sales by 2020 by merging with foreign duty-free operators.“Lotte Duty Free rose to become the world’s second to third-largest global company through consistent investment for the past 36 years. … We will continue our efforts to become the world’s No. 1 with accumulated experience and know-how,” Lotte Duty Free CEO Jang Sun-wook was quoted as saying by Yonhap News
Dec. 25, 2016
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Korean drugs to make inroads into US market in 2017
A number of South Korean biopharmaceutical products will make their full-fledged debuts in the US next year, with the aim of taking a share of the world’s largest market for pharmaceutical and health care goods. Leading the move is Celltrion, the developer of the world’s first biosimilar drug referencing Johnson & Johnson’s Remicade, which treats chronic inflammatory illnesses such as rheumatoid arthritis and Crohn’s disease. Celltrion’s US marketing partner Pfizer officially began sales of Cell
Dec. 25, 2016
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[News Focus] Service over safety at Korean airliners?
A recent incident involving an unruly passenger on a Korean Air flight has sparked debate about the capabilities of Korean airlines to ensure the safety of their passengers, as well as the leniency of Korean laws regarding in-flight disturbances.On Tuesday, a drunk 34-year-old male passenger surnamed Lim caused a scene aboard the Prestige (business) class on the Korean Air Flight 480 bound for Incheon from Hanoi, Vietnam. He slapped the passenger next to him and was eventually restrained by the
Dec. 25, 2016
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[Photo news] Bakery hit by bird flu
Pastries are displayed at a Paris Baguette store in Seoul, Friday. The bakery franchise under SPC Group has decided to halt the production of 19 items, including roll cakes and muffins, requiring eggs as a main ingredient due to the shortage of eggs caused by the spread of bird flu across the country. (Yonhap)
Dec. 23, 2016
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[Weekender] Charity fundraising meets ICT
Salvation Army’s red Christmas kettles and bell ringers landed here in 1928 and have withstood South Korea‘s harsh winters ever since. It seems though, it won’t be long before they disappear and are replaced with digital gadgets, as donors now tend to prefer convenient digital charity over traditional paper money donations.In line with the trend, fund organizers are rolling out easy and creative digital methods to draw more tech-savvy donors.They range from applications to digital gift certifica
Dec. 23, 2016
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[Weekender] Talent donation sets new trend for community service
Lee Bo-ra, a 39-year-old housewife with three kids in Seoul, volunteered to read tales for children at a community cultural center in her neighborhood every Saturday for about a year. “I didn’t know that what I was doing was donating my ‘talent’ at the time, because I thought I was simply doing some community service,” said Lee, a professional narrator with a private license for fairy tale reading. “Now I recognize it can be a good way of serving my neighbors with my skill.”Students of a fine a
Dec. 23, 2016
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Samsung cuts incentives for smartphone division
Samsung Electronics has rarely cut its semiannual incentives for its longtime cash cow smartphone division, which continues to struggle to recover from the Galaxy Note 7 fiasco, according to news reports Friday. Every June and December, the tech giant provides incentives of up to 50 percent of an employee’s monthly salary for its main business divisions -- Information technology & Mobile communications, Device Solution and Consumer Electronics. Additionally, it provides incentives of up to 50 pe
Dec. 23, 2016
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Shipping alliance reshuffle may hit Busan Port: report
The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan, a report showed Friday. According to the Korea Maritime Institute’s report, the harbor volume of Busan Port is expected to drop by 3.5 percent from next year. Busan Port managed containers of more than 10 million twenty-foot equivalent units last year. Of those, the Asia-North America route accounted for 36.7 percent while the Asia-Europe shipping line made up 6.7 percent. The Institute forec
Dec. 23, 2016
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Korean Air pilots continue strike with no solution in sight
Unionized pilots at South Korea's largest flag carrier Korean Air Lines Co. continued their 10-day strike on Friday aimed at demanding better pay and improved working conditions.Some 190 pilots out of the total 2,300 at Korean Air took part in the second day of the strike scheduled to end Dec. 31.Under a 2010 revision to the aviation law, up to 20 percent, or some 460, of the unionized pilots could have taken part in the strike. However, the union said it decided to minimize the number out of co
Dec. 23, 2016
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Koreans feel pinch of rising food prices
Prices of major food products in South Korea have risen recently, putting a larger burden on consumers already hit by the fallout from the worst outbreak of avian influenza, industry sources said Friday.Nongshim Co., the nation's top instant noodle ramyeon maker, jacked up the average price of its 18 products by 5.5 percent last Friday, sparking speculation that smaller rivals will likely follow suit soon.No. 3 industry player Samyang Foods Co. said it is still considering whether and when to ra
Dec. 23, 2016
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KOTRA, Chinese fund form partnership
The Korea Trade-Investment Promotion Agency has signed a memorandum of understanding with a Chinese private fund management firm to invest in small and medium-sized firms with high potential, the trade agency said Thursday. KOTRA and KCA Capital Partners, which is partially owned by China’s leading investment group China International Capital, will cooperate to find companies in the fields of games and entertainment as well as consumer goods and help their entry into Chinese and Associ
Dec. 22, 2016