Most Popular
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[KH Explains] No more 'Michael' at Kakao Games
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Yoon, Lee end first talks with differences, agree to meet more
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Woman gets suspended term for injuring boyfriend with knife
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Samsung Electronics Q1 operating profit soars; chip biz returns to profit
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Samsung chief bolsters ties with Germany’s Zeiss
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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LG spurs expansion of OLED TV market with new sizes
LG Electronics, the world’s leading manufacturer of organic light-emitting diode TVs, is continuing to expand the market of self-emissive TVs by rolling out new size choices. The company is releasing in Korea and the US this month 83-inch OLED TVs, which it said will be the biggest 4K OLED TV in the world. In Korea, the new model will be available for 10.9 million won ($9,600). It is the latest addition to LG’s OLED TV lineup, which has consisted of 48 inches, 55 inches, 65 inc
June 20, 2021
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DataStreams recognized for contributions to big data industry
DataStreams, a local big data solutions provider, has been recognized for its contributions to the development of the local big data industry by the Korea Society of Management Information Systems, the Seoul-based tech firm said Sunday. It has been chosen as the recipient of the 10th KMIS award, which recognizes and honors an outstanding corporation in information technology. DataStreams, with its persistent focus on research and development, has churned out a stream of innovative products an
June 20, 2021
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Central American development bank to open S. Korean office in Seoul
A Central American development bank has decided to open a South Korean office in Seoul as part of efforts to strengthen ties with Asia's fourth-largest economy, the finance ministry said Sunday. The Central American Bank for Economic Integration (CABEI) has notified the Korean government and the Seoul municipality that its Seoul office will be set up in the capital's financial district of Yeouido, according to government officials. The bank has the goal of opening the office within this year.
June 20, 2021
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S. Korea picked as member of FAO's council for 12th time
South Korea's agricultural ministry said Sunday the country has been elected to the Food and Agriculture Organization (FAO) Council for the 12th time in a row. During the general conference of the FAO held virtually, South Korea was elected to the 49-member council for a three-year term, according to the Ministry of Agriculture, Food and Rural Affairs. The FAO is an intergovernmental organization with 194 member nations that works to ensure food and nutrition safety, alleviate poverty and impr
June 20, 2021
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Stock gift to BTS members balloons to W150b
Stocks gifted to members of boy band BTS have snowballed to a combined value of nearly 150 billion won ($132.5 million) over the course of about 10 months. The gift -- 478,695 common shares of BTS’ management agency Hybe that were evenly distributed to the seven members -- is now valued at the domestic stock market at 149.8 billion won, as Hybe shares notched an all-time high for five straight trading days until Friday. This means members RM, Jin, Suga, J-hope, V, Jimin and Jungkook hav
June 20, 2021
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Kakao emerges as No. 5 conglomerate in terms of market cap
Kakao Corp., which operates South Korea's most popular mobile messenger Kakao Talk, emerged as the country's fifth-largest conglomerate in terms of market cap on the back of the recent gains from the main bourse, data showed Sunday. The combined market cap of Kakao and its affiliates came to 73.9 trillion won ($65.2 billion) as of Friday, according to Yonhap Infomax, the financial news arm of Yonhap News Agency. It marked a sharp rise from just 13.2 trillion won tallied in end-2019. The marke
June 20, 2021
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LG Electronics launches 83-inch OLED TV
LG Electronics Inc. said Sunday it has launched an 83-inch OLED TV as the South Korean tech giant tries to beef up its presence in the premium TV market. LG's 83-inch OLED TV, the 83C1, will be first available in South Korea and the United States this month. In South Korea, its list price has been set at 10.9 million won ($9,630). LG is the first TV maker to release an OLED TV with an 83-inch size display. The 83C1 is also the industry's largest OLED TV with 4K resolution. The latest TV expan
June 20, 2021
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[Photo News] Eco-friendly consumer goods attract visitors at trade fair in Seoul
Seoul International Sourcing Fair 2021, a platform for discovering new business partners and carrying out business-to-business transactions through networking, is currently being held at Coex. With the environmental, social and governance sector gaining momentum, some 150 small and medium-sized enterprises and startups are displaying eco-friendly consumer goods in various categories, including gifts, living, beauty, smart devices and wellness. Participants browse a variety of eco-friendl
June 19, 2021
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Watching ‘meokbang’ can lead to health issues such as obesity: report
“Meokbang” (also known as “mukbang”), a compound word for “eating” and “broadcast” in Korean, is a popular form of content found on video platforms such as Youtube, AfreecaTV, Twitch, and Kakao TV. Meokbang streamers show themselves consuming large platefuls of junk food while simultaneously interacting with viewers. Along with the rise of one-person households in the country, people have gotten in the habit of watching meokbang while eating alon
June 19, 2021
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Seoul stocks tipped to face selling pressure next week on inflation woes
South Korean stocks are likely to come under selling pressure next week, as investors could take to the sidelines amid weakening local currency and uncertainties from the Fed's earlier-than-expected timeline for policy tightening, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,267.93 points Friday, up 0.57 percent from a week ago. The KOSPI set a new all-time high Wednesday on strong individual buying, backed by speculation that the US Federal Rese
June 19, 2021
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S. Korea to speed up efforts to bag Czech nuclear plant project
South Korea's industry ministry said Saturday it will spare no efforts to win a nuclear plant project from the Czech Republic as the European country is open to have Asia's No. 4 economy as a potential partner. The remark came after Industry Minister Moon Sung-wook visited the European nation, where he met Czech Prime Minister Andrej Babis on Friday (Czech time) to discuss the two countries' possible cooperation in the nuclear energy segment. During the meeting, Babis pointed out that South Ko
June 19, 2021
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“Hasty delisting of digital coins negatively impacts investors”
Coming under increasing pressure from financial regulators, local cryptocurrency exchanges have hastily delisted dozens of digital coins, but the removals create negative impact on investors, experts said on Friday. Since Upbit announced its decision to discontinue the trading of five coins on June 11, two more exchange - Bithumb and Coinbit - joined the move with sudden delisting and investment warnings. “Inadequate digital tokens certainly have to be removed from the market but hasty d
June 18, 2021
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Celltrion's COVID-19 treatment shows promise in variant cure
South Korean biopharmaceutical company Celltrion’s monoclonal antibody treatment Regkirona, or CT-P59, has shown initial promise in treating patients infected with COVID-19 variants, the company said Friday, quoting preclinical results from its recent animal test. Celltrion said it found that the injection of its COVID-19 treatment Regkirona significantly reduced viral titers in 50 experimental mice infected with the South African variant. The mice injected with Regkirona showed a 100 p
June 18, 2021
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Asiana Airlines, Air Busan, Asiana IDT face review on possible delisting
South Korea’s No. 2 carrier Asiana Airlines and its two affiliated companies face possibilities of being delisted from the nation’s main bourse Kospi, according to industry sources Friday. The country’s bourse operator Korea Exchange announced Thursday that it has decided to examine the air carrier’s listing eligibility in line with the former Kumho Asiana Group chief’s arrest over allegedly unfair interaffiliate deals. The KRX has made an additional decision to
June 18, 2021
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Seoul stocks rebound on hopes of economic recovery
South Korean stocks rebounded Friday as hopes for an economic recovery offset concerns over an earlier-than-expected tapering move by the US Federal Reserve. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) rose 2.97 points, or 0.09 percent, to close at 3,267.93 points. Trading volume was moderate at about 1.6 billion shares worth some 17.1 trillion won ($15.1 billion), with losers outnumbering gainers 464 to 382. Foreigners sold a net 823 bil
June 18, 2021
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S. Korea to develop over 100 mini satellites by 2031
South Korea said Friday it will develop over 100 miniature satellites over the next decade with the aim of establishing a national security monitoring system and testing next generation network communications in its latest push to strengthen its space industry. The Ministry of Science and ICT said it would pursue such satellite development to encourage the private sector's involvement in the space industry as the mini satellites can be manufactured in a short amount of time at a relatively low
June 18, 2021
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Hanwha, SPC to co-develop biodegradable plastic packaging material
Hanwha Solutions said Friday that its wholly-owned subsidiary Hanwha Compound has signed an agreement with SPC Pack to co-develop a biodegradable plastic material and use it for packaging SPC’s products. SPC Group is a South Korean food and confectionery conglomerate owning some 40 brands including Paris Baguette, Shake Shack Korea, Baskin Robbins Korea, Dunkin’ Donuts Korea, among others. The new packaging material will be based on poly lactic acid, which is made from fermented
June 18, 2021
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S.Korea to accelerate carbon-neutral efforts through smart water management
South Korea, which aims to go carbon neutral by 2050, will expand its smart water management by installing floating solar farms near dams and applying hydrothermal energy technologies to data centers. The Ministry of Environment said Friday that it will conduct six water management projects reflecting discussion results on carbon-neutral water management for climate resilience at the P4G Seoul Summit held last month. As part of the projects, the government will begin the construction of eigh
June 18, 2021
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LG Electronics’ US headquarters receives highest grade for green building
LG Electronics’ North American headquarters in New Jersey has been granted an eco-friendly certification from the US Green Building Council, according to the company’s newsroom Friday. At the USGBC Leadership Awards held this month, LG Electronics received a Platinum New Construction certification, the highest grade in USGBC’S Leadership in Energy and Environmental Design rating system, which measures how buildings promote employee well-being, are energy and water efficient,
June 18, 2021
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[Newsmaker] Kakao T officially registered as transportation operator
South Korea’s government has officially approved three major taxi-hailing service brands as platform operators, in a gesture to diversity transportation means, the Ministry of Land, Infrastructure, and Transport said Friday. Under the revised Automobile Transport Business Act, transportation platform operators are to register themselves at the Land Ministry in order to charge brokerage commission to users. The three brands are Kakao T, run by Kakao Mobility; Banban Taxi by Kornatus; and
June 18, 2021