Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Doctors' group picks new leader amid tense standoff over increased enrollment quota
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Korea enters full election mode
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Seoul’s bus union prepares for strike
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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
CompaniesDec. 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,
IndustryDec. 26, 2016
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[Herald Interview] ‘Investors will turn to logistics property for higher profits in 2017’
The office market in Seoul saw a boom this year with foreign investment behemoths buying up two landmark office buildings in Seoul -- the International Financial Center in Yeouido and Capital Tower in Gangnam. But in 2017, expected interest rate hikes and more fierce competition will drive foreign investors to look for riskier, but possibly more profitable, real estate assets such as logistics centers rather than offices, the head of Savills Korea said.Jeon Kyoung-don, president and CEO of the K
Dec. 25, 2016
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[HERALD INTERVIEW] ‘Foldable devices to be popularized by 2019’
Foldable devices could become popular by 2019, grabbing around 20 percent share of the Korean smartphone market, said an executive of Kolon Industries, a chemical arm of Kolon Group. Kolon Industries is currently the only company in the world that can mass produce colorless polyimide, a key technology for foldable devices as the flexible film can replace rigid glass sheets. It is reportedly supplying the materials to global tech firms including Samsung Electronics, LG Electronics and BOE, althou
TechnologyDec. 22, 2016
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[Herald Interview] Kim Woo-bin and his scented characters
Kim Woo-bin is known for putting a lot of thought into his roles.In the past, he would make a list of 100 questions he wanted to ask his characters, imagining their stories. More recently, he’s taken to picking out fragrances that best suit his character, the 27-year-old actor told The Korea Herald at a cafe in northern Seoul on Monday.“When filming ‘Master,’ director Jo Eui-seok said he would know when I walked past him because of a distinctive scent,” said Kim, who was wearing a comfortable da
FilmDec. 20, 2016
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[Herald Interview] Dutch National Ballet principal to guest star in ‘The Nutcracker’
For many theater lovers, there is no greater holiday tradition than to spend an evening listening to the sounds of Tchaikovsky and watching battling toy soldiers. “The Nutcracker” season is upon us and kicking off the Christmas festivities is the Universal Ballet which is staging the all-time holiday classic ballet Dec. 16-31. The company is also celebrating the 30-year anniversary of its first performance of the more than a century-old repertoire in 1986. Joining the Universal’s annual perform
PerformanceDec. 20, 2016
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[Herald Interview] Pyeongtaek Port moving fast to foster new growth engines
Newly established shipping routes from Pyeongtaek Port are giving it a competitive edge as the gateway for Korea’s exports to Southeast Asia for local industries, the head of state-run Gyeonggi Pyeongtaek Port Corporation said. Gyeonggi Pyeongtaek Port Corporation CEO Choi Gwang-il (GPPC)“This year, (the company) has put efforts into expanding the cargo volume and seeking new businesses. It will now focus on turning the port into a vehicle-specialized port to become an automobile cluster, and o
IndustryDec. 19, 2016
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[Herald Interview] Korea to introduce AI to filter out financial crimes
To ramp up its contribution to global fights against money laundering and terrorism financing, South Korea will introduce an artificial intelligence-based system to better filter out financial crimes, said the country’s financial intelligence chief. Yoo Kwang-yeol, commissioner of the Korea Financial Intelligence Unit, said his agency is currently working to upgrade the main system that stores and analyzes information regarding hundreds of millions of financial transactions in order to increase
Dec. 18, 2016
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[Herald Interview] Big Bang wants to enjoy its last moments
No matter how successful he may be, it is the inevitable destiny of every Korean male K-pop star to halt his career and join the mandatory military service.Megastar group Big Bang is no exception. The group has reaped worldwide success since its debut 10 years ago. Reported to have raked in $44 million this year, the five-member band ranked No. 54 on Forbes’ list of celebrity earnings, becoming the first Korean act to make the list. “It still doesn’t feel real,” said Big Bang’s rapper T.O.P. on
PerformanceDec. 13, 2016
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[Herald Interview] Seegene to launch single-platform disease detection in 2017, CEO says
South Korean biotech company Seegene plans to make an aggressive push into the US and European markets by launching hundreds of molecular diagnostic assays enabling early detection of various diseases from flu to cancer on a single platform from next year.Seegene, a developer of multiplex molecular technologies, is set to implement a breakthrough technology -- an automation of reagent development system to reduce development time significantly from a year to weeks. “Molecular tests allow timely
IndustryDec. 11, 2016
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[Herald Interview] Familiar but new, Sechs Kies returns with remake album
K-pop group Sechs Kies, which regrouped this year for a reunion concert after a 16-year hiatus, has released a new album filled with remakes of the band’s past hits. More than a decade since their heyday, the members said they felt nervous but happy, with a stronger sense of responsibility than before, when the members were 20-somethings.“Before, we would basically follow the directions of the songwriters and producers,” said member Kim Jae-duck. “Now, we feel a responsibility to make better mus
PerformanceDec. 5, 2016
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[Herald Interview] Young opera soprano returns home to star as Juliet prior to Met Opera debut
From Violetta in Verdi’s “La Traviata” to Fiorilla in Rossini’s “Il Turco in Italia,” up-and-coming opera star Hyesang Park is gearing up to tackle one of the theater world’s most iconic leading ladies -- Shakespeare’s Juliet. Marking her first return to the local stage since performing alongside the legendary Placido Domingo in his final concert in Korea in October, the 28-year-old Korean soprano is back home to star in the Korea National Opera’s upcoming staging of Charles Gounod’s “Romeo and
PerformanceDec. 4, 2016
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[HERALD INTERVIEW] ‘Investors hold key to sustainable real estate’
Amid tightening energy efficiency regulations for buildings around the globe, it is essential for institutional investors to consider the level of sustainability of their real estate portfolios, said the Asia-Pacific head of a global real estate assessment agency.“More and more countries are strengthening the sustainability rules for real estate. And it is impossible to ignore the sustainability aspect of the buildings when thinking of the future value of the buildings,” Ruben Langbroek, head of
IndustryNov. 30, 2016
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[HERALD INTERVIEW] Free economic zones to foster closer networks between foreign, local firms
When it comes to attracting foreign direct investment, people often assume that foreign-invested firms would be most interested in exclusive incentives in free economic zones for the purpose of lowering their labor and capital costs. However, foreign firms actually would prefer to partner with Korean firms here to tap into the growth potential of the Korean market and demand of consumers here, according to the head of the planning office of the eight free economic zones.“A variety of incentives
Nov. 23, 2016
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[Herald Interview] Ronan by Clinet adds refined touch to Korea’s affordable wine market
Affordability is the recent trend in South Korea’s alcoholic beverage industry. And to break away from the luxurious yet costly image, a growing number of wine and whisky brands are rolling out lower-cost drinks.Having pioneered the trend, Korea’s retailer HomePlus unveiled a lineup of red and white wines made by Ronan by Clinet. They are produced in Bordeaux, France, and sell for 18,900 won ($16) per bottle. Ronan Laborde, the CEO of a prestigious wine brand Chateau Clinet, promotes Ronan by Cl
IndustryNov. 22, 2016
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[HERALD INTERVIEW] Procurement chief vows to support public market entry of SMEs
To support small and medium-sized enterprises and startups eyeing opportunities to enter the public market, the chief of the Public Procurement Service said he would step up efforts to promote their products and services through an online mall, a new government-to-business channel that offers one-stop market access.Venture Nara (venture.g2b.go.kr), is the latest project driven by the state-run public procurement agency, aiming to introduce innovative products and services to government offices a
IndustryNov. 21, 2016
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[Herald Interview] Saving planet by transforming food market
Dealing with 7.4 billion consumers in different languages around the world and trying to change their ideas on the environment can be hard work, maybe even impossible. But Jason Clay, senior vice president of World Wide Fund for Nature, has come up with a strategy to effectively reduce the negative impact consumption has on the planet. In a major shift within the organization that had long focused on species conservation, Clay turned to the private sector for change. “Building fences around the
IndustryNov. 17, 2016
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[Herald Interview] 'Coupang moving to Jamsil's Tower 730'
Coupang, the largest operator of social commerce in Korea, will relocate to a new skyscraper called Tower 730 in Jamsil, southeastern Seoul, after the building is completed in February next year, the head of CBRE Korea said. Darren Krakowiak, managing director of the Korean unit of the world’s largest real estate service firm, said the leasing deal with Coupang on behalf of Hyundai Investment Asset Management, the landlord of the building, was one of the biggest deals involving CBRE Korea in the
IndustryNov. 14, 2016
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[Herald Interview] German industry expert praises Incheon Bridge project
Incheon Bridge is a good example to show how an excellently managed project can benefit the local economy, said Reinhard Wagner, president of the International Project Management Association, during an interview with The Korea Herald on Wednesday.The project won the premium gold award from the biennial IPMA World Congress competition last year, although Korea was not a member of the Swiss-registered international association of 66 countries aiming for high-value sustainable projects. Incheon Br
IndustryNov. 9, 2016
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[Herald Interview] Black Pink still finding its color
Returning with another EP just three months after its debut, YG Entertainment’s newest girl group Black Pink hopes to differentiate itself from other female K-pop performers through its dance skills. “We practiced on our performances a lot during our time off,” Jennie, 20, told reporters at a press interview Wednesday in Samcheong-dong, Seoul.The four-member group’s second album, “Square Two,” was released Tuesday with two new tracks, “Playing with Fire” and “Stay.” The album comes after the gro
PerformanceNov. 3, 2016