In recent years, South Korea’s door-to-door delivery service has evolved to allow customers to expect their parcels the very next day, or within 2 to 3 days at maximum. While much of this dynamic still stands, e-commerce companies and retail giants have rolled out a “dawn delivery” service, striving to cut down delivery times even further. Dawn delivery allows orders to be placed as late as midnight with deliveries guaranteed to arrive by 7 a.m. the next day. Daily necessities and perishable fre

South Korea’s whiskey sales have been on a downward turn for the past decade amid sluggish domestic consumption, industry data showed Sunday.According to industry data, the domestic sales of the spirit recorded some 1.49 million boxes, or 26 million bottles of 500 ml whiskey, last year, about 6.2 percent decrease from some 1.59 million boxes sold in 2017. After reaching a peak in 2008 when 2.84 million boxes were sold, the local whiskey market has been suffering from slowing demand for heavy liq

The South Korean government has voiced opposition against the European Union's safeguard duties on imported steel and asked for compensation, Seoul's trade ministry said Saturday.The Ministry of Trade, Industry and Energy said its officials held a bilateral meeting with counterparts from the EU in Brussels on Friday (local time) to object to the 25 percent tariffs on 23 categories of steel products that exceed the average of imports between 2015 and 2017. (Yonhap)The EU said the move, which is s

South Korea's finance minister called Friday for an exemption from US tariffs on South Korean automobiles as he expressed deep concerns about an ongoing US probe.Hong Nam-ki, the minister of economy and finance, made the appeal in a meeting with US Ambassador to South Korea Harry Harris at the government complex building across from the US Embassy in central Seoul, according to the finance ministry. Hong Nam-ki (L), the minister of economy and finance, shakes hands with US Ambassador to South Ko

South Korea’s biggest mobile carrier SK Telecom has pledged to work with major K-pop agency S.M. Entertainment to use the former’s artificial intelligence technology in separating singers’ vocals from music records, the telecommunications company said Friday.According to SK Telecom, its chief technology officer Park Jin-hyo and S.M. Entertainment CEO Kim Youg-min signed a memorandum of understanding for partnership on the AI-based voice-separating technology during their meeting at the Consumer

“League of Legends” developer says it will broadcast its own e-sports competition, provide English subtitles for every content for foreign fans

Top status of ‘Playerunknown’s Battlegrounds,’ ‘League of Legends’ likely to continue in 2019

The head of the nation’s largest steelmaker Posco said he has no plans to make additional investment overseas in the steel sector this year but will focus on securing natural resources needed for its lithium-ion battery business touted as the company’s new growth engine.“With regard to steel, (I) don’t have any plans for making additional investment or (pursuing) mergers and acquisitions overseas,” said Posco Chairman Choi Jeong-woo in a brief meeting with reporters Thursday. “As for the new bus

LG Uplus Corp., South Korea's smallest mobile carrier, said Friday that it will set up a fund with U.S. tech giant Google Inc. to invest in virtual reality content.The agreement, made during the annual Consumer Electronics Show in Las Vegas, is aimed at investing in the development of VR content during the first half of the year, LG Uplus said.  (Yonhap)The content will be viewed through LG Uplus platforms, such as apps and global video streaming service YouTube under Google, LG Uplus said.LG Up

The labor union of FineTek, a maker of display equipment, and the management reached a labor deal Friday after two workers staged a sit-in on top of a smokestack at a power plant for more than a year in protest of layoffs.Two of five FineTek unionized workers had been waging the protest atop the 75-meter smokestack at a combined heat and power plant in west Seoul for about 14 months, calling on the management to keep its promise on job security. (Yonhap)The workers went on a hunger strike last w

Samsung Electronics Co. Vice Chairman Lee Jae-yong vowed Thursday that his company will fulfill its role as South Korea's flagship entity, hinting at efforts toward investment and job creation.Lee made the remarks during his meeting with Prime Minister Lee Nak-yon, who visited the tech giant's headquarters in Suwon, just south of Seoul, earlier in the day."(Vice Chairman Lee) deeply cares about job creation and ways to co-exist with small- and mid-sized companies," the prime minister told report

Instant and prepared foods such as dosirak (boxed lunches), gimbab (seaweed and rice rolls) and sandwiches will soon be available for delivery from South Korea’s major convenience store chain, according to BGF Retail, which operates the CU chain. The company said Thursday that it has joined hands with Delivery Hero Korea, an operator of the popular delivery app service Yogiyo, to offer nationwide delivery services.The two signed a memorandum of understanding, agreeing to work together to expand

LAS VEGAS -- Digital health care is growing at a rapid pace, as innovative technologies and solutions are revolutionizing the health management and treatment paradigm.Signaling widening interest in the convergence of technology and health care, mobile health devices, wearables and wellness gadgets are a major part of this year’s Consumer Electronics Show in Las Vegas.Alongside big names in conventional electronics, 521 digital health, 631 wearables and 151 fitness exhibitors have arrived at the

LAS VEGAS -- Despite China’s fast-growing presence in the global display business, South Korean display makers remain undisputed leaders when it comes to future innovation, according to the chief of Merck KGaA’s performance materials division on Wednesday.　“Indeed, China has been putting lots of emphasis on driving the growth of the display technology. But if you look at large companies, you can see that the Korean companies are still very strong in innovation,” CEO Kai Beckmann said in an inter

Strong business growth in Asia was behind the record-breaking sales of British luxury carmaker Rolls-Royce last year, particularly in China and South Korea, its head said in an interview with The Korea Herald. “Our growth was fueled by a strong Asian business and a Korean business. We have seen an uptake in your market by around 40 percent compared to the year 2017 and for that reason I am very satisfied with the results,” said Torsten Muller-Otvos, chief executive officer of Rolls-Royce Motor C