Most Popular
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Koreans, Americans differ on prestigious jobs: lawmakers vs. firefighters
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Only half of S. Koreans willing to marry: data
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Disgraced ex-minister rises as major threat to ruling party
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Yoon calls for dialogue, trust from medical community
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Summit for Democracy opens in Seoul in mega-election year
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Dyson founder visits Seoul for global debut of new hair dryer
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Med professors to resign starting March 25
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Leaders call for action against threats to democracy posed by AI
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NK leader guides firing drills involving super-large multiple rocket launchers
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Ryu Joon-yeol, Han So-hee confirm dating since early 2024
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Tuggle joins Goyang, Yourside in promoting pet-related industries
DAO Research Institute, operator of pet service platform Tuggle, signed a memorandum of understanding with the city government of Goyang, Gyeonggi Province, and the Yourside volunteer group to collaborate on developing pet-related industries, officials said Tuesday. The memorandum was to ensure that the DAO Research Institute, Goyang Industry Promotion Agency, Goyang City Research Institute and Yourside will combine their resources to enhance their cooperation across various sections of the indu
March 19, 2024
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Trade specialist named new CEO of Hyosung Heavy Industries
Hyosung Heavy Industries on Monday announced that it has appointed Woo Tae-hee, an international trade specialist who currently serves as the vice chairman of the Korea Chamber of Commerce and Industry, as its new CEO overseeing the company's heavy industry and construction businesses. Woo, 62, a graduate of Yonsei University's Department of Public Administration in 1984, obtained his doctorate in business from Kyung Hee University in 2011. After passing the public service examinatio
March 18, 2024
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[Herald Interview] ‘Meaty rice will become reality sooner than you think’
A Korean research team has recently unveiled a bowl of pink rice, a new lab-made hybrid rice, which they say could offer a cheaper and more sustainable source of protein not just for those on a vegan diet, but also for countries still reeling from food crises. “The lab-made beef rice could hit supermarket shelves sooner than you think if regulatory issues are cleared,” Hong Jin-kee, a chemical and biomolecular engineering professor at Yonsei University and the leader of the research
March 18, 2024
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Celltrion's Zymfentra makes US debut
Korean biopharmaceuticals firm Celltrion announced Monday that its new autoimmune disease treatment Zymfentra has been launched in the US market. Zymfentra is a subcutaneous injection formulation of Celltrion's infliximab Remsima. In October last year, the US Food and Drug Administration approved Zymfentra (infliximab-dyyb) for the maintenance treatment of adults with moderately to severely active ulcerative colitis and Crohn’s disease. "Infliximab is a well-established treatment
March 18, 2024
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Igis to create fancy office complex in central Seoul
Local real estate asset manager Igis Asset Management is set to move forward with its plan to refurbish the office area near the Seoul Station, having recently acquired two office properties on the site. The asset manager announced Monday it had acquired Metro Tower (41,139.6-square-meters) and Seoullo Tower (27,897.5-square-meters) in the area, which connects with another property owned by the company, the Millennium Hilton Seoul. Through the project, the area, situated near the iconic Namsan,
March 18, 2024
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Dyson founder visits Seoul for global debut of new hair dryer
James Dyson, the founder and senior engineer of UK home appliance giant Dyson, visited Seoul on Monday to unveil the company’s new hair dryer, the Dyson Supersonic Nural. The new hair dryer, which is designed to better protect hair and the scalp from heat, made its global debut in Korea, one of the brand’s top-selling markets. The 76-year-old Dyson founder showed his appreciation for the local market as he took the stage to introduce the new machine in person. “What we are tryi
March 18, 2024
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K-water to share know-how with Vietnam
Korea Water Resources, the state-run water management agency, announced Monday that it has partnered with Vietnam’s National Center for Water Resources Planning and Investigation to address the country's water concerns and mitigate against climate change impacts. The collaboration was formalized through a memorandum of understanding signed at the International Conference on Water held in Hanoi, Vietnam, on March 15. Vietnam grapples with water scarcity as it is located downstream of t
March 18, 2024
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Korean Air to expand flights to pre-pandemic levels
Korean Air on Monday said it plans to expand the number of its international flights for the upcoming summer season, elevating its operational rate to nearly 96 percent of pre-pandemic levels. From March 31 through Oct. 26, the company will resume operations of weekly flights to four cities, including China’s Zhengzhou and Zhangjiajie, as well as Zurich and Bangkok. The Incheon-Zurich route will have three weekly flights to meet the high demand for summer travel to the Swiss city among Kor
March 18, 2024
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Asiana Airlines wins data transfer certification in China
Asiana Airlines on Monday announced that it has become the first domestic airline to win the Certification of Cross Border Transfers of Personal Information, as mandated by China's Personal Information Protection Law. This certification affirms the company's adherence to the stringent requirements necessary for the secure transfer and management of personal data to regions outside China. The achievement follows China's introduction of updated information protection regulations in
March 18, 2024
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Samsung Electro-Mechanics to launch ‘weatherproof’ camera modules for cars
Samsung Electro-Mechanics is set to start mass production of “weatherproof” camera modules with cutting-edge water-repellent capabilities and heating features for cars this year, the company said Sunday. In the wake of growing demand for enhanced image quality in automotive assistance features and the development of autonomous driving technology, Samsung aims to expand its presence in the camera module industry with its advanced technologies. "Accidents occur when camera sensors
March 17, 2024
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[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
Chile's Ministry of Public Works and the investment promotion agency, InvestChile, recently visited Seoul to boost the country's infrastructure and technology sectors, inviting investors in Korea to participate in its extensive portfolio of projects. During an interview with The Korea Herald at the Embassy of Chile in central Seoul on Thursday, InvestChile Director Karla Flores and Concession General Director Juan Manuel Sanchez shed light on their strategies to attract new investment
March 17, 2024
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[Photo News] Bank for senior customers
A new Hana Bank branch in Daejeon features a cultural space tailored to senior customers. The Hana 50+ Culture Bank, the 10th of its kind, aims to offer diverse cultural and educational programs to better meet the growing needs of the older generations. (Hana Financial Group)
March 17, 2024
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Korea ranks 8th in crypto gains in 2023: report
South Korea was ranked eighth globally in terms of cryptocurrency profits last year, according to a report by blockchain data analytics firm Chainalysis on Sunday. Investors around the world saw a combined $37.6 billion in their crypto gains in 2023. The figure was a 76 percent plunge from a $159.7 billion profit in 2021 but a drastic rebound from a $127.1 billion loss in 2022. The relatively modest gains last year imply a more cautious approach by investors in liquidating their crypto assets, t
March 17, 2024
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Samsung C&T shareholders vote down activists' dividend hike proposal
Samsung C&T has made it through a challenging proxy season with its shareholders backing its 10 percent increase plan for dividend payouts, averting resistance from activist funds that called for significantly higher returns. Its shares sank nearly 10 percent after the general shareholders meeting took place Friday. The company's proposal to pay a dividend of 2,550 won ($1.90) per common share and 2,600 won for each preferred share was approved. Among valid stocks with voting rights, 77
March 15, 2024
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Yuhan restores chairperson post after 28 years
South Korean pharmaceutical giant Yuhan has decided to reinstate the chairperson and vice chairperson positions for the first time in 28 years, since Chairman Yeon Man-hee stepped down from his post in 1996. Yuhan shareholders approved changes to the articles of incorporation to reestablish the posts during the 101st general meeting of shareholders on Friday. Who will become the company’s chairperson and vice chairperson, however, has not yet been decided, according to the company. “
March 15, 2024
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Naver to reform news service for transparency
Korean internet giant Naver said Friday it would introduce a set of news service policies to enhance transparency and impartiality, with the intention of preventing defamatory media reports and strengthening measures againsts users who leave comments that violate election laws. To protect users who have suffered defamation or infringement of their rights due to media reports, Naver will provide easier access to request corrections and respond to articles online. The company will create a separat
March 15, 2024
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Overseas direct purchases to lead e-commerce trends: data
Amid escalating competition in Korea's e-commerce landscape, direct overseas transactions between individual sellers and consumers have become a growing trend, according to eBay. On Friday, eBay unveiled insights into this year's online direct purchase market, drawing from comprehensive annual sales data of Korean sellers gathered through its platform. Three major keywords were "Collectibles," "North America" and "March." Particularly, the keyword "Co
March 15, 2024
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Samsung Electronics' workers threaten first-ever strike
Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through, according to industry sources Friday. The National Labor Relations Commission, a government agency under the Labor Ministry, held a coordinating session to arbitrate the wage deal between the two parties a day earlier, but ended up deciding to stop the talks as the two sides could not reach an agree
March 15, 2024
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Nongshim earns over 50% of its profit from overseas on K-food hype
The sales and operating profit of South Korea's top ramyeon maker Nongshim hit all-time highs last year thanks to the popularity of ramyeon products in foreign markets, the company said Friday. The company’s operating profit in 2023 jumped by 89.1 percent from a year earlier to reach 212 billion won ($159 million), while its annual sales came to 3.4 trillion won, up 9 percent on-year. "As global inflation stubbornly remains high, ramyeon products have appealed to foreign consumer
March 15, 2024
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[Investor] Samsung Electronics to receive $6b subsidy in US
The US Department of Commerce is poised to grant Samsung Electronics subsidies exceeding $6 billion, according to a news report Friday. “The US plans to award more than $6 billion to Samsung Electronics, helping the chipmaker expand beyond a project in Texas it has already announced,” Bloomberg reported, citing multiple unnamed sources. The federal funding for Samsung, South Korea’s leading chipmaker, comes alongside significant additional US investments being made by the firm,
March 15, 2024