Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Seoul alerts overseas missions to NK terror threats
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Public backlash against division of Gyeonggi Province under 'corny' name
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[Robert J. Fouser] AI changes rationale for learning languages
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The Korea Herald to kick off forum on technology reshaping humanity
The Korea Herald, the nation’s largest English newspaper by circulation, holds its fifth annual business forum on Wednesday to shed light on the latest technology trends that could change the way people live as well as ways to make the transition smoother and more effective. Under the theme “Humanity in Tech,” the forum has invited policymakers, industry leaders and academics to explore the growing presence of blockchain and artificial intelligence in the digital age. Keynote s
Oct. 18, 2022
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KakaoTalk loses 2 million users; Line, Telegram see bump in new members
Popular South Korean messaging app KakaoTalk lost some 2 million users following an outage which began Saturday and lasted hours, industry tracker data showed. The number of KakaoTalk users was estimated at 39.05 million on Sunday, down 2.07 million from Friday when the figure stood at 41.12 million, according to an analysis by industry tracker WiseApp on Monday. But as the country’s most popular messaging app suffered a loss of users in the wake of the app's longest outage to date si
Oct. 18, 2022
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Kakao, SK C&C begin quiet dispute over data center shutdown
Kakao Corp. and SK C&C on Tuesday voiced subtle differences over how the weekend server outage went down at the SK facility -- which houses Kakao’s data center -- foreshadowing possibilities of future legal disputes over damage compensation. According to each company’s officials, SK C&C claimed that only some of the electricity to the data room containing Kakao’s servers were cut off by the fire, while Kakao insisted that a majority of its servers at SK C&C’s
Oct. 18, 2022
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Is US export ban forcing Korean chipmakers to exit from China?
The long-term business prospects of South Korean memory chip giants like Samsung Electronics and SK hynix are at their lowest points in China, despite being granted a one-year waiver to temporarily steer clear of chipmaking tool import restrictions to their Chinese fab plants. Experts say the uncertainties will inevitably force Korean chipmakers to relocate their chipmaking facilities, especially the most advanced fabs. "It’s possible that Korean memory chip manufacturers may try to u
Oct. 18, 2022
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Hyundai Mobis to supply chassis modules for Mercedes-Benz EVs
South Korean auto parts and mobility solutions provider Hyundai Mobis said Tuesday that it has begun mass-producing chassis modules for Mercedes-Benz electric vehicles, adding another global automaker to its client list. Mobis begun manufacturing its chassis module, a core automotive part that controls a vehicle’s stability while driving, from the third quarter at a newly established plant dedicated for Mercedes cars in Alabama in the US. A total of four electrified SUVs by the German ca
Oct. 18, 2022
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Upbit to replace KakaoTalk login service amid data center fire fiasco
South Korea’s cryptocurrency exchange Upbit is set to replace its fast login service via KakaoTalk next month, while in damage control mode from the recent Kakao data center fire fiasco. Dunamu, the operator of Korea’s No.1 crypto exchange by trading volume, will end its login service via KakaoTalk, fully replacing it with its own login system from Nov. 21, the firm’s spokesperson said Tuesday. “The new service will be adopted on Oct. 31 and fully kick off on Nov. 21 af
Oct. 18, 2022
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S. Korea seeks more investment from Netherlands in chips, new energy fields
South Korea asked the Netherlands on Tuesday to make greater investments and enhance bilateral cooperation in semiconductors and such advanced industry fields as hydrogen and nuclear power generation, Seoul's industry ministry said. Deputy Trade Minister Jeong Dae-jin made the request during a meeting with Hanneke Schuiling, the Dutch vice minister for foreign economic relations, in Seoul, according to the Ministry of Trade, Industry and Energy. "Chung noted that the South Korean gover
Oct. 18, 2022
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Seoul shares open higher on US gains
South Korean shares opened higher Tuesday, tracking rallies on Wall Street that jumped ahead of corporate earnings announcements by major firms this week. The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.84 points, or 1.16 percent, to 2,245.55 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 1.86 percent and the tech-heavy Nasdaq Composite jumped 3.43 percent as investors geared up for third-quarter corporate earnings of such big-name firms as N
Oct. 18, 2022
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[Newsmaker] Kakao Outage: What happens when a country heavily relies on one super app?
Tech giant Kakao has said most of its services have been restored following an extended outage that began Saturday. But as the country suffered a digital blackout for many hours, the dominance of its "super app" has been called into question. Launched in 2010 as a messaging app, KakaoTalk grew in popularity exponentially over the years and branched out to other areas such as shopping and banking. Kakao also launched in-house apps that work in connection with KakaoTalk, such as ride-hai
Oct. 17, 2022
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US inflation act likely to benefit solar cell producers: KITA
SEJONG -- Unlike carmakers in South Korea, local producers of solar energy-related items will possibly enjoy benefits from the US Inflation Reaction Act which has strengthened regulations on Chinese products, a Seoul organization representing exporters said Monday. According to a report from the Korea International Trade Association, Korean producers' share of US imports of solar cells surged to 47.8 percent in 2021, compared to 1.9 percent in 2011. Over the corresponding 10-year period, the s
Oct. 17, 2022
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Seoul shares advance for 2nd day on dip-buying
South Korea's stock market advanced for a second consecutive session on Monday as investors went on the hunt for undervalued stocks. The Korean won fell against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) added 7.16 points, or 0.32 percent, to close at 2,219.71 points. Trading volume was moderate at about 487 million shares worth some 6.4 trillion won ($4.5 billion), with gainers outnumbering losers 538 to 322. Foreigners bought a net 264 bil
Oct. 17, 2022
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Up to W22b sales loss estimated for Kakao over service disruption
The aftermath of Kakao’s sudden shutdown continued Monday, as South Korea’s largest messenger app operator claimed its service failures due to a fire at SK C&C’s data center over the weekend would have limited financial impacts, while analysts predicted Kakao would suffer up to 22 billion won ($15.3 million) in sales loss in the fourth quarter. Kakao has set up an emergency committee, headed by its co-CEO Hong Eun-taek, to investigate the cause of the disastrous shutdown, c
Oct. 17, 2022
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Koreans eat ramen 1.7 times a week on average
A recent report showed Monday that people in South Korea consume ramen 1.7 times a week on average, with Nongshim’s bestseller Shin Ramyun being the top pick. The report, published by the Korea Agro-Fisheries & Food Trade Corp., is based on a survey conducted on 500 people aged between 15 and 65. By gender, men and women ate ramen 1.8 times and 1.5 times per week, respectively. Men in their 20s and 50s were the most frequent ramen consumers, eating ramen twice a week, while women in
Oct. 17, 2022
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Financial watchdog launches inspection into Kakao’s contingency plans
South Korea’s financial watchdog launched a probe into the overall contingency plan of Kakao’s financial arms and how they dealt with a service disruption over the weekend caused by a fire at a data center, officials said Monday. The Financial Supervisory Service requested Kakao Bank, Kakao Pay and Kakao Pay Securities to file a report on their hourly countermeasures against the server disruption that lasted more than 30 hours, on top of its existing contingency plan. The FSS noted
Oct. 17, 2022
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Plastic bag ban at convenience stores begins late November
Use of plastic bags at convenience stores will be banned from Nov. 24, two years after they were removed from hypermarkets as part of eco-friendly efforts. Like in the large supermarkets, customers will have the option of purchasing standard user-pay trash bags or paper bags at convenience stores to carry what they bought. If a store is found to have used regular plastic bags, it will be slapped with fines of up to 3 million won ($2,086). Convenience store chains such as GS25 and CU have already
Oct. 17, 2022
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Samsung opens remote offices to boost hybrid working
South Korean tech giant Samsung Electronics announced Monday it has opened six shared working spaces to nurture a hybrid work environment and flexible work culture. Two of the six spaces are located outside Samsung offices, in Seoul and Daegu, and the other four in Suwon, Gyeonggi Province; Gumi, North Gyeongsang Province; Gwangju; and Seoul are within Samsung office buildings. These co-working spaces, dubbed "d'light," feature open seats, partitioned desks, adjustable standing desks,
Oct. 17, 2022
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Goesan int'l organic expo ends with fanfare
GOESAN -- South Korea's sole international organic expo has ended successfully in the central county of Goesan with the number of visitors well exceeding the target, organizers said Monday. The 2022 IFOAM-Goesan International Organic Expo kicked off in Goesan, some 160 kilometers south of Seoul, on Sept. 30 for a 17-day run with the aim of highlighting the importance of organic farming and boosting related industries. The expo, co-hosted by the provincial government, the Goesan County gover
Oct. 17, 2022
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T'way Air to open Incheon-Sydney route in December
T'way Air, a South Korean low-cost carrier, said Monday it will open an Incheon-Sydney route in December as pent-up travel demand is unleashed amid eased virus curbs. T'way Air will provide four flights a week between Incheon, 27 kilometers west of Seoul, and Sydney starting Dec. 23, the company said in a statement. In February 2020, T'way Air became the country's first budget carrier to obtain the rights to offer flights on the Incheon-Sydney route dominated by the country
Oct. 17, 2022
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Growth in container rates for US west coast edges down in Sept.
SEJONG -- Shipping costs for container cargo bound for the west coast of the United States inched down in September from a month earlier amid mounting worries over a US economic downturn, government data showed Monday. The average freight rate for a 40-foot container from Asia's fourth-largest economy to the US west coast fell 0.4 percent on-year to 13.88 million won ($960,000), according to the data from the Korea Customs Service (KCS). From a year earlier, however, the rate rose 19.1 perc
Oct. 17, 2022
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S. Korea eyes W1.5t investment by revamping regulations
South Korea plans to overhaul a set of business regulations as part of efforts to bolster investment, the finance ministry said Monday, amid growing fears over an economic slump. The decision was made during a meeting of economy-related ministries presided over by Finance Minister Choo Kyung-ho, according to the Ministry of Economy and Finance. South Korea plans to overhaul 24 business-linked regulations, which is expected to help the country raise investment worth 1.5 trillion won ($1.03 billio
Oct. 17, 2022