Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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[ADVERTORIAL] Hyundai Card opens co-working space ‘Studio Black’
Hyundai Card, the financial unit of Hyundai Motor Group, has opened Hyundai Card Studio Black, a co-working space for fledgling entrepreneurs and creators, near Gangnam Station in southern Seoul. Hyundai Card -- known for its out-of-the-box management, which shook up the Korean finance market in 2003 -- has incorporated into Studio Black the successful elements that helped make the Hyundai Card a household name. Hyundai Card Studio Black (Hyundai Card)Features of the new venue include secure fa
Dec. 29, 2016
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[BEST BRAND] The importance of brand
By Park Heung-soo,Professor at Yonsei University School of BusinessApple’s brand value in 2016, according to Interbrand, was tops in the world at $178.1 billion. The No. 2 spot went to Google with $133.2 billion and third to Coca-Cola with $73.1 billion. South Korea’s Samsung came in at No. 7 with $51.8 billion.Brand value is a monetary unit of the current value of a brand. It would be the amount that would be added to the company account book’s net asset value when selling the business in retur
Dec. 28, 2016
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Mirae Asset scholarship program supports over 150,000 students
Since its establishment in 2000, Mirae Asset Park Hyeon Joo Foundation has supported more than 150,000 Korean students as part of its drive to share responsibilities for the country and society, the company said Tuesday. Students pose after a ceremony to sign certificates for Mirae Asset Park Hyeon Joo Foundation’s overseas exchange student scholarship program on December 26. (Mirae Asset Global Investments)Mirae Asset, the country’s leading financial group, runs a domestic scholarship program
Dec. 28, 2016
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[HERALD INTERVIEW] Globalization, new economic drives keys to EXCO growth: CEO
In coping with the difficult business environment in the competitive meeting, incentive, travel, convention and exhibition industry, globalization cannot be emphasized more, said Kim Sang-wook, president and CEO of the Exhibition and Convention Center, also known as EXCO, the country’s first regional exhibition center located in Daegu, North Gyeongsang Province.“Starting from 2017, we will cooperate more with global event organizers to attract international events, while promoting the global adv
Dec. 26, 2016
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3 in 10 cars sold by Hyundai, Kia are RVs
More than three out of every 10 vehicles sold by Hyundai Motor Group this year in South Korea were recreational vehicles, auto sales figures showed Sunday. Hyundai Motor and Kia Motors sold 1.07 million cars here in the first 11 months of the year, among which 343,273 units, or 32 percent of total sales, were RVs. In 2011, less than 20 percent of vehicles sold by the two automakers were RVs. In Korea, the RV category includes sport utility vehicles and multipurpose vehicles. The growth has
Dec. 25, 2016
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Dairy Queen to open 50 hamburger restaurants in S. Korea
The US fast food chain Dairy Queen has signed on to expand into South Korea, industry officials said Thursday. M2G USA Investment said it has signed an agreement with International Dairy Queen Inc., which owns the franchise, to open 50 DQ Grill & Chill stores here over the next five years.International Dairy Queen is a subsidiary of Berkshire Hathaway led by famous investor Warren Buffet. Dairy Queen, commonly known as DQ, is a chain of fast food restaurants serving hamburgers, ice cream and oth
Dec. 22, 2016
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Hyundai, Kia to go full force on SUVs and NEVs next year
Hyundai Motor Group wrapped up its year-end strategy meeting on Tuesday, with plans to expand its SUV and new energy vehicle lines next year. The group, the owner of South Korea’s two biggest carmakers Hyundai Motor Co. and Kia Motors Corp., will introduce more sport utility vehicles tailored to local markets and new energy vehicle lines to spur growth in 2017, the company said. Hyundai Motor Group headquarters in Seoul. (Yonhap)Both carmakers will unveil new small SUVs next year in Korea and in
Dec. 20, 2016
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Design initiatives of Hyundai, Kia receive favorable market feedback
Last week, Hyundai Motor and its affiliate Kia Motors won a total of four design awards at the Good Design Awards in the US. Hyundai Ioniq, the Kia K7 -- also known as the Kia Cadenza overseas -- the Kia Telluride and Genesis’ concept car “Vision G” were among 13 vehicles awarded in the transportation category at the oldest and the most prestigious architecture and design awards. Genesis’ concept car “Vision G” The annual awards are given to products with creative designs in various areas joint
Dec. 19, 2016
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[ADVERTORIAL] Hyundai Card spurs ‘Digital Initiative’
Hyundai Card Corp. has rolled out diverse products and services to reinvigorate itself into a digital-based company under the “Digital Hyundai Card Initiative” announced in 2015.The measures have included the launches of a string of products and systems to provide digital solutions needed for consumer finances.In recognition of such efforts, the company was given an award by the Ministry of Science, ICT and Future Planning in the 2016 Data Quality Certification hosted by the ministry in November
Dec. 18, 2016
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Kia’s Niro sets Guinness World Record for fuel economy
Kia Motors’ hybrid crossover utility vehicle Niro has been recognized by the Guinness World Records for the lowest fuel consumption, the company said Friday. Kia Motors’ hybrid crossover Niro (Kia Motors America) The 2017 Niro EX traveled 5,977.9 kilometers from Los Angeles to New York City between Dec. 4 and 11, using a total of 183.6 liters of gas. This marks a record of 3.7 liters per 100 kilometers, for the lowest fuel consumption drive across the US from coast to coast.The official fuel ec
Dec. 16, 2016
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Hyundai to show self-driving technology at CES
South Korea’s leading automaker Hyundai Motor Co. is planning to show off its self-driving technology at the largest consumer electronics show in Las Vegas next month, the company said Thursday.Two models of Hyundai’s Ioniq hatchbacks -- one electric and one hybrid -- will hit the road without a driver during the annual Consumer Electronics Show, which will be held from Jan. 5-8. Hyundai unveiled its self-driving Ioniq concept car at the the Los Angeles Auto Show on Nov. 16. The car has received
Dec. 15, 2016
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Auto exports to Algeria surge
South Korea’s auto exports to Algeria soared in October as Hyundai Motor assembly plants have begun operations there, a trade agency said Wednesday. Exports of passenger cars to the North African country jumped 51.5 percent in the first 10 months of this year to $92.56 million due to high growth in October, according to the Korea Trade-Investment Promotion Agency. Shipments of commercial vehicles also rose 11.1 percent to $5.75 million during the same period. The increase came
Dec. 14, 2016
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[From the Scene] BYD benefits from China’s EV push
The Korea Herald is publishing a series of articles on moves made by the companies and governments of South Korea, China and Japan in entering the new Industry 4.0 era. This is the third installment. -- Ed. Shenzhen, CHINA -- Displayed in front of the main building of the BYD Auto headquarters in Shenzhen, China, are the company’s signature lineups: the Tang SUV, Qin compact sedan, compact crossover E6, pure electric busses K8 and K9, as well as its latest brainchild, the Skyrail monorail
Dec. 13, 2016
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Samsung in dilemma over CEO shakeup amid scandal
Samsung Group appears to be in a quandary over when to conduct a leadership shakeup amid a nation-rocking political scandal, which has also forced the country's top conglomerate to delay a couple of year-end events, sources said Tuesday.Samsung has indefinitely postponed its annual management reshuffle, which used to take place in the first week of December, due to a parliamentary investigation into the corruption and influence-peddling scandal involving President Park Geun-hye and her longtime
Dec. 13, 2016
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Hanwha hosts offshore wind power conference
Hanwha Engineering & Construction Corp. held the 2016 Offshore Wind Conference in Seoul on Wednesday in a bid to boost cooperation for the Sinan power plant project. During the conference, 150 experts from domestic and foreign companies, including Doosan Heavy Industries and Construction and FUGRO, gathered to discuss business and technological issues concerning offshore wind power. “The interest for offshore wind power has increased amid global efforts to cut greenhouse gas emission and new ene
Dec. 8, 2016
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Mercedes-Benz becomes first foreign brand to sell over 50,000
Premium carmaker Mercedes-Benz became the first foreign carmaker to sell more than 50,000 cars within a year in South Korea, industry data showed on Wednesday. The Korean unit of German carmaker Mercedes-Benz sold 50,718 cars in the first 11 months this year, increasing more than 20 percent from a year ago, according to data from Korea Automobile Importers and Distribution Association. Boosted by sales of three new E-Class sedans and sport utility vehicle models, it is set to become
Dec. 7, 2016
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[FROM THE SCENE] DJI eyes rapid growth with drones, robots
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 second installment. -- Ed. Shenzhen, CHINA -- “This is the future of our company and something China will be really proud of,” Wang Fan, communications director at the world’s biggest drone maker, Dajiang Innovation Technology Co., said in front of a displayed product. And it wasn&rsquo
Dec. 6, 2016
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Lotte targeted by China’s probe: reports
A large-scale investigation against Lotte Group’s businesses in China is increasingly seen here as a retaliation against the company’s decision to provide its golf club as a site to deploy the controversial US advanced missile defense system. Local media reported on Monday that Lotte appeared to be the sole foreign company under investigation in China, citing an anonymous industry source. “There are some companies which received a fire inspection or tax investigation but no co
Dec. 5, 2016
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Hyundai Heavy near deal with Iran for 10 ships: media
Hyundai Heavy Industries Co., a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, a news report said Saturday.Under the expected contract, valued at US$650 million, with the Islamic Republic of Iran Shipping Lines (IRISL), Hyundai will build four 14,400 TEU container ships and six 50,000 DWT product tankers, according to TradeWins, a global shipping news service. This undated file photo, provided by Hyundai Heavy Industries Co., shows a container ship. (Yonh
Dec. 3, 2016
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Lotte China probe fans THAAD retaliation fears
The tax investigation and safety inspection facing Lotte Group in China this week has sparked concerns Friday that the neighboring country is pressuring Korean companies in retaliation over South Korea‘s decision to deploy a US advanced missile defense system here. The Chinese government has not revealed the reason behind the large-scale inspection, but analysts believe it is linked to the decision by Lotte Group to host the Terminal High Altitude Area Defense system on a Lotte-owned golf
Dec. 2, 2016