The Korean Fair Trade Commission chief is slated to share the nation’s competition policies and law enforcement with European nations during his seven-day trip to the continent this week. During his stay, Kim Sang-jo is slated to have a bilateral meeting with the European Union’s top antitrust official, give a keynote speech at the International Workshop on Competition Policy in Serbia and participate as a speaker at the International Conference on Competition held in Berlin. On Sunday, Kim Sang

The Korea Herald is publishing a series of articles and videos about some of the most expensive and fascinating landmark office buildings in Seoul. -- Ed.Opposite Seoul Station, a central hub for the nation’s railway, stands a massive 23-story building the color of red brick.Befitting its grand presence and central location, the edifice is called Seoul Square. With a gross area of 132,806 square meters, the building not only brings in hefty rents but also represents a chapter in South Korea’s dy

Kia Motors Corp., South Korea's No. 2 auto maker by sales, said Sunday that it is considering halting operations of one of its plants in China amid weak sales.The suspension of operations at one of its plants in Yancheng in eastern Jiangsu province is under review to secure production efficiency and profitability, the company said.The Yancheng Plant 1 has a production capacity of 140,000 units per year. Combined with two other plants in the city, they produce 890,000 units a year with some 6,500

　South Korean conglomerate LG Group had a higher corporate reputation than the country’s biggest chaebol Samsung Group last year, according to a recent survey by a reputation management survey firm. 　Reputation Institute’s 2019 Global RepTrak released Thursday showed that LG ranked 48th out of 100 global firms in terms of corporate reputation, while Samsung dropped out of the top 50 list, ending at 52nd place. 　Samsung and LG ranked 26th and 41st, respectively, in the previous 2018 report after

Unity Technologies Korea anticipates more deals with automobile and telecommunications industry in 2019

　South Korea’s biggest telecom firm SK Telecom is seeking to partner with Singapore’s Singtel to invest in each other’s over-the-top streaming platforms amid growing challenges from global tech giants, according to a local media report Sunday. 　Citing a senior official from SKT, Yonhap News Agency reported that the Korean telco is discussing plans to invest in Singtel’s HOOQ, a video-on-demand streaming service provided by Singapore’s largest telco. 　In return, Singtel is seeking to invest in SK

US proxy adviser also supports automotive group’s picks for independent board

Hyundai Motor Group is expected to construct its new headquarters in southern Seoul, dubbed the Global Business Center, in partnership with external investors, a deviation from the original plan of completing it on its own. According to industry officials, Hyundai Motor Group has been contacting domestic and overseas investors to seek joint development of GBC, amid its move to save construction amount worth 3.7 trillion won and invest more on its future business growth. Last month, the automotiv

Korean tech startup 42Maru is moving to expand its presence in Britain, as part of efforts to spread what it calls the Question Answering system built on deep learning technology beyond the local market. The company, established in late 2015, said its QA system is being used not only for digital chatbots but also for the Smart Watch from broadband carrier LG U+ and smart speakers from telecom giant KT. 42Maru has 28 employees, including top search engine experts. It successfully completed the de

Lee Jae-woong, founder and CEO of car-sharing app SoCar, said the latest deal struck by taxi unions and car-sharing service providers may set a bad precedent as it appears to restrict business activities already allowed under the current law. After a monthslong dispute, an agreement was reached Thursday among the government, lawmakers, taxi companies and car-sharing firms to allow a car-sharing service for four hours daily on weekdays, in a move that hopes to end protests from taxi drivers claim

The 10th anniversary Galaxy phones are officially available in 70 markets around the world, Samsung Electronics said Friday. The newest additions to the Galaxy family -- Galaxy S10, S10+ and S10e -- hit the shelves of offline and online stores in 70 countries starting Friday, including the United States, Canada, India, China and all of Europe. By the end of the month, Samsung will roll out the newest Galaxy phones in a total of 130 markets.  Galaxy S10 launching ceremony in Dubai (Samsung Electr

GM Korea, the South Korean unit of General Motors, said Friday that it remains committed to its plans to develop and manufacture its new subcompact sport utility vehicle and crossover utility vehicle in Korea.The statement came in response to a local news report claiming that GM Technical Center Korea would retain rights over the new CUV but would transfer global engineering rights over the subcompact SUV to China. This would mean that the new SUV model is unlikely to be manufactured in Korea as

Hyundai Heavy Industries Group said Friday it closed a deal with the state-run Korea Development Bank to take over Daewoo Shipbuilding & Marine Engineering. HHI CEO Kwon Oh-gap and KDB Chairman and CEO Lee Dong-gull announced a joint statement, pledging employment security for DSME workers and continued relationships with DSME’s current business partners.  (Yonhap)“The decision to welcome DSME to the HHI Group is deeply rooted in our belief that it is a mission given to our group, as the trailbl

South Korea’s sweet and spicy marinated fried chicken, or “yangnyeom chicken,” has become sweeter and saltier over the past three years, according to a recent analysis of popular local delivery chicken brands by Seoul City. The Seoul Metropolitan Government’s Health and Environment Research Institute, in conjunction with a local civil group, measured the amount of sugar and sodium in the top four menu items sold by six major Korean chicken franchises. The analysis took place from August to Septe

McDonald’s Korea invited female employees to its International Women’s Day event to recognize their contributions to the company, it said Friday.The event, held Wednesday, spotlighted some 20 female workers at McDonald’s across Korea, including mothers and daughters working together at the fast-food chain. The women were invited to the company’s headquarters in Jongno-gu, Seoul. Chief Executive Officer Cho Ju-yeon oversaw the occasion.  (McDonald`s Korea)Cho said McDonald’s seeks to eliminate di