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Man killed by fellow hunter who mistook him for wild boar
20 minors registered as CEOs making over 100 million won
[Exclusive] 2 in 3 qualified military academy applicants give up on final interviews
Buddhist festival reaches old and young through culture
Netflix, streaming platforms come under fire for loose ratings
No. of teens on 10 or more medications nearly triples in 4 years: data
Travel agencies rush fall tourism products as fall foliage expected to arrive early
[Herald Interview] Cellist Mun Tae-guk takes up challenge of Bach Cello Suites earlier than expected
Even elite professions split into haves and have-nots
[Today’s K-pop] TXT to return with 7th EP next month
Assembly audit kicks off with bitter clashes
Korean art in full swing in UK this fall
[Herald Interview] Always around but never understood: ‘Tiger Stripes’ speaks up for teenagers
Seoul shares rise over 1.5 % on US jobs data; won sharply down
[Herald Review] 2NE1 returns better than ever
Diverse fitness offerings at Wellness Seoul 2024
Seoul’s income initiative boosts welfare exits, earned income
Seoulites celebrate coexistence at Wellness Seoul 2024
China, N. Korea mark 75th anniversary of ties with little fanfare
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Korean shipbuilders account for over 70% of LPG carrier orders
May 2, 2021
South Korean shipbuilders are leading the race for liquefied petroleum gas carriers as they have secured over 70 percent of shipbuilding orders this year so far, new data has revealed. According to shipping and offshore data researcher Clarksons Research on Sunday, a total of 44 LPG-fueled vessels totaling 1.06 million compensated gross tons have been ordered worldwide this year as of late last month. Among those, South Korean shipbuilders bagged orders that amount to 31 LPG tankers, or nearly
HMM deploys one new ship to US to cope with soaring freight rates
May 2, 2021
South Korea's leading shipper, HMM Co., said Sunday it has deployed one additional ship to the United States to cope with soaring freight costs amid the new coronavirus pandemic. HMM said a 5,000 twenty-foot-equivalent unit (TEU) ship carrying local companies' containers departed from the southeastern port city of Busan earlier in the day and is expected to arrive at a port in Los Angeles on May 13. HMM has operated 21 temporary ships since August, with 15 covering US routes, to handle a shar
Local craft beers gain popularity in S. Korea
May 2, 2021
South Korea's homegrown craft beer has increasingly gained popularity over recent years, industry data showed Sunday, as local brewers offer a wide range of flavors at competitive prices. The local craft beer market was valued at 118 billion won ($105.6 million) as of 2020, sharply up from 43.3 billion won in 2017, according to data by the Korea Craft Brewers' Association. Jeju Beer Company, based on the southern resort island of Jeju, was the nation's leading craft brewer, booking 33.5 billi
LG Group launches new holding firm LX Holdings
May 2, 2021
South Korean conglomerate LG Group has launched its new holding firm with about 8 trillion won ($7.1 billion) of assets as part of its restructuring plan, company officials said Sunday. The new holding firm named LX Holdings has five LG affiliates under its wing -- LG International Corp., LG Hausys Ltd., LG MMA Corp., Silicon Works Co. and Pantos Co. In November, LG Group decided to hive off some affiliates for Koo Bon-joon, an uncle of current LG Group Chairman Koo Kwang-mo and a younger brot
Renault Samsung workers hold strike amid pandemic
Apr 30, 2021
Unionized workers at Renault Samsung Motors Corp. held a strike at the company's sole domestic plant on Friday to demand a wage hike for the year of 2020 amid the coronavirus pandemic, the union said. Renault Samsung's 1,900-strong union staged a general strike at the Busan plant, 450 kilometers south of Seoul, as they are not satisfied with the company's proposals, a union spokesman said. The union demanded an increase of 71,687 won (US$64) in monthly basic pay and a bonus of 7 million wo
Lee Jae-yong inherits 50% of Samsung Life shares
Apr 30, 2021
Lee Jae-yong, the eldest son of the late Samsung Chairman Lee Kun-hee, officially became the leader of the Samsung empire by inheriting 50 percent of his father’s stake in Samsung Life Insurance, the company’s regulatory filing showed Friday. Lee received more than 20 million shares of the life insurer, owning a 10.44 percent stake in the affiliate, according to the filing. Samsung C&T, the construction arm and de facto holding company of Samsung Group, remains the largest sh
[From the Scene] At Drone Show Korea 2021, everyone wants a slice in the sky
Apr 30, 2021
Korean Air, Doosan, SK, LIG unveil different strategies to take initiative in nearing drone era
Memory prices up sharply, boding well for S. Korean chipmakers
Apr 30, 2021
Memory chip prices are rising sharply amid a global semiconductor shortage, industry data showed Friday, boding well for South Korean chipmakers that dominate the sector. The contract price of 8-gigabit DDR4 DRAM, which is widely used in personal computers, reached $3.80 for this month, up 26.67 percent from the previous month, according to TrendForce. It marks the largest monthly increase since January 2017, when the contract price of the product soared 35.8 percent. The contract price had b
Lotte E&C wins $110m order from Singapore
Apr 30, 2021
Lotte Engineering & Construction Co. said Friday that its joint venture has won a $146.9 million ($110.7 million) deal to build a transport hub in Singapore in the first entry into the city state. Under the deal with the Singapore Land Transport Authority, Lotte E&C and its Singaporean partner Bintai Kindenko Pte Ltd. will be responsible for design and installation of mechanical and electrical works for the Jurong East integrated transport hub. The project comprises community and civic
[Exclusive] Posco to launch new entity to recycle LGES batteries
Apr 30, 2021
South Korea’s leading steelmaker Posco has set up a new entity in Europe and will launch another one in Korea to recycle LG Energy Solution’s electric vehicle batteries, according to industry officials. “The new entity has been established in Poland recently and we are in the process of forming another one in Gwangyang, South Jeolla Province, which is currently awaiting approval,” a Posco official said Friday. The new entity in Poland will collect defective batteries f
Daewoo Shipbuilding wins W184.5b order for 2 LPG carriers
Apr 30, 2021
Daewoo Shipbuilding & Marine Engineering Co. said Friday that it has signed a 184.5 billion won ($166.5 million) deal to build two liquefied petroleum gas (LPG) carriers. Under the deal with local shipper Hyundai LNG Shipping Co., Daewoo Shipbuilding will deliver the vessels by the fourth quarter of 2023, the shipbuilder said. Hyundai LNG Shipping is a local shipper specialized in liquefied natural gas (LNG) transportation. Daewoo Shipbuilding has won orders of 24 ships, including 11 oil
Samsung ranks 2nd in Q1 smartphone revenue: report
Apr 30, 2021
Samsung Electronics Co. was the runner-up in the first-quarter smartphone market in terms of revenue, a report showed Friday, though it was the top vendor by volume. The South Korean tech titan logged a revenue share of 17.5 percent in the January-March period, down from 20.2 percent a year earlier, according to market tracker Counterpoint Research. Samsung was the only brand among the top five to see its revenue share decline as others expanded their presence. Apple Inc. defended its top s
Samsung maintains 2nd spot in tablet market in Q1: report
Apr 30, 2021
Samsung Electronics Co. remained the world's second-largest tablet computer vendor in the first quarter of the year, a report showed Friday, amid the market's robust growth driven by the stay-at-home economy. The South Korean giant logged a market share of 20 percent in the January-March period, after shipping 8 million Galaxy Tab tablets, up 60.8 percent from a year ago, according to market researcher International Data Corp. (IDC). Apple Inc. defended its top position with a 31.7 percent sha
Samsung slips to 4th in 5G smartphone market in Q1: report
Apr 30, 2021
Samsung Electronics Co. lost its leading position in the global 5G smartphone market to rank fourth in the first quarter of the year, a report showed Friday, as Apple Inc. and Chinese makers expanded their presence with new devices. Samsung's share in the 5G smartphone market stood at 12.7 percent in the January-March period, down from 34.6 percent a year ago, according to market researcher Strategy Analytics. The South Korean tech giant shipped 17 million 5G smartphones in the first three mon
S. Korea's functional food market growing rapidly amid pandemic
Apr 30, 2021
The South Korean market of functional foods is growing fast amid greater awareness of health amid the coronavirus pandemic, a report showed Friday. Sales of red ginseng and other health functional foods came to 4.9 trillion won ($4.42 billion) in 2020, up 40 percent from four years earlier, according to the report by MezzoMedia, a local digital marketing solution company. Red ginseng was the top-selling product with sales of 1.43 trillion won, followed by probiotics with 885.6 billion won and
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