Self-employed struggle as population flow plunges by 80 percent

Korean instant noodle maker Nongshim has become one of the greatest beneficiaries of big Oscar winner “Parasite,” thanks to the global “Chapaguri” popularity. Chapaguri -- translated as “ram-don” in the English subtitles -- is a hybrid instant noodle dish mixed with Chapaghetti black bean instant noodles and soup-based Neoguri ramen, both of which are manufactured by Nongshim. According to Nongshim, sales of Chapaghetti -- long a staple in Korean kitchen

The South Korean government is injecting some 50 billion won ($40.4 million) to help the virus-hit transport industry here, by exempting fees and delaying payment to cover the businesses’ losses caused by a sharp drop in passengers.  In a meeting for crisis management measures presided by the country’s deputy Prime Minister and Finance Minister Hong Nam-ki on Wednesday, the government confirmed a set of measures to support industries hit by the coronavirus outbreak, primarily

The United Kingdom’s Ministry of Defense has selected Doosan Babcock, the British subsidiary of South Korea’s Doosan Heavy Industries & Construction, as one of its nuclear technical support providers. According to the Defense Infrastructure Organization last Wednesday, three suppliers have been selected to join Britain’s nuclear technical support provider framework. One is a consortium comprising Doosan Babcock and two other companies, KBR and Assystem. The other support

LG Display nabbed the top seat in 2019’s automotive display market, edging out Japan Display, IHS Markit data showed Wednesday. LG Display recorded $1.6 billion revenue in the automotive display segment last year, accounting for 20.1 percent of market domination. The company manufactures center information displays for cars, dashboard, and rear seat entertainment display panels. Japan Display, which had previously been ahead in the game, marked $1.1 billion revenue in 2019 and took u

Hyundai Motor on Wednesday unveiled its seventh-generation sedan Avante in Los Angeles at its world premiere event.  The event was livestreamed in major markets including South Korea, North America, China and Australia, without any audience, over the coronavirus concerns.  Avante has been the automaker’s steady-selling sedan over the past 30 years -- sold as Elantra in North America.  Hyundai Motor said the upgraded model has focused on showing an innovative, futuristic

Tech giant highlights stringent measures against headwinds of COVID-19 impact, trade disputes and demand slowdown

The delivery of Hanwha Defense’s K-9 self-propelled guns in India with technological support from the Korean company has been made several months ahead of schedule, according to industry sources. Hanwha Defense shipped the first batch of 10 guns to the Indian Army in November 2018 on schedule, upon which 41 guns of the K-9 Vajra -- a modified version of Hanwha Defense’s K-9 155-mm 52-caliber -- have been manufactured and supplied two to three months ahead of schedule, according to

Samsung Electronics Co., the world's largest memory chip maker, said Wednesday it expects this year's chip demand to grow despite concerns over the novel coronavirus pandemic. During an annual shareholder meeting, Kim Ki-nam, who leads Samsung's device solutions division, said that "external uncertainties" will continue this year but global chip demand will increase. "We expect global chip demand to grow on the back of the growth of artificial intelligence and automotive semicon

South Korea's biggest auto parts maker and a key affiliate of Hyundai Motor Group, on Wednesday approved the reappoinment of the group's heir apparent to the company's board to push forward his future mobility initiative. In a general meeting, Hyundai Mobis shareholders voted to accept the company's board's reappointment of Hyundai Motor Group Executive Vice Chairman Chung Euisun as executive director.   They also approved the board's decision to extend the term of former Opel Chief

  South Korea said Wednesday it will delay reclaiming traffic rights and allocated slots from airlines, while cutting landing fees and other charges, amid the escalating coronavirus impact on the aviation sector. Airlines have suspended most of their flights on international routes this month as people opt not to travel and more than 150 countries and territories impose entry restrictions on passengers from South Korea out of concerns over the spread of COVID-19. The transportation minis

The coronavirus outbreak threatens to batter South Korea's state airport, railway and highway operators due to tumbling demand for travel, data showed Wednesday. The spread of the respiratory disease, whose first confirmed case in South Korea was reported on Jan. 20, has halted almost all flights to and from South Korea, cut the number of train passengers in half and made a big dent in vehicle traffic on highways. According to the data that Rep. An Ho-young of the ruling Democratic Party rece

Global health care company Johnson & Johnson has donated 200 million won ($161,000) of relief goods to medical professionals and low-income families in Korea to help alleviate the COVID-19 situation, the company said Tuesday. Johnson & Johnson’s four operations in Korea -- Medical, Janssen, Vision and Consumer -- collaborated with the Salvation Army here in distributing 20,000 KF94 masks and 4,000 emergency relief kits. “Our heart goes out for those who are fighting the s

South Korea’s exports to China have been showing signs of recovery in March, as the two nations reel from the impact of the coronavirus outbreak, data from the government and the industry showed Tuesday. Korea’s daily exports to China for the period of March 1-10 reached $436 million, a 20.8 percent increase compared to the same period in February this year. Korea’s daily exports to China, however, was still 8.2 percent lower than that of the same period in last year at $47

The Korea Herald looks at what makes good foldable phone