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[Today’s K-pop] Zerobaseone to return next month: report
FM highlights importance of 'mutually considerate' attitude in bilateral ties with Japan
Videos show physical punishment, foul language by Son Heung-min's father, coaches at football academy
'Love in Saturn': Melodic jazz concert with drama starring Anupam Tripathi
Is Hybe Chairman Bang Si-hyuk really ignoring NewJeans?
Son Ye-jin is not worried about aging
Sejong University ranks 3rd among Korean college in world ranking
Just 1 in 4 Korean teens 'content with life'
Hyosung's estranged son donates inheritance, seeks to end family feud
[Exclusive] US troops in S. Korea could be reduced, but not withdrawn, Trump allies tell Seoul lawmaker
FSC chief nominee vows to keep tight rein on household debts
Genesis BBQ chairman shares K-chicken business stories at AIB conference
Yoon to attend NATO summit in Washington, visit Indo-Pacific Command
LG Electronics ups Q2 earnings guidance on robust sales
[Herald Interview] Kim Hee-ae says she can take on 'relaxed' acting
Samsung projects 15-fold surge in Q2 profit
Hanwha Energy makes tender offer as part of group succession plan
Park Hyatt Seoul brings Japanese gastronomy in Seoul
Samsung SDI clinches W1tr energy storage deal with top US electric utility
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Major commercial banks to adopt shorter working hours this year
Jan 28, 2019
South Korea's leading lenders have wrapped up their labor deals for the new year that aim to help employees better strike a balance between work and their personal lives, industry watchers said Monday.Late last week, the labor and the management of KB Kookmin Bank reached a deal on wages and other working terms after monthslong wrangling that caused a strike for the first time in 19 years. (Yonhap)With the deal, Kookmin became the final entity among the country's five banks that include Shinhan
Korea's LNG imports hit new high in 2018
Jan 28, 2019
South Korea's imports of liquefied natural gas reached an all-time high in 2018 amid a spike in purchases from the United States, industry data showed Monday.The country's LNG imports totaled 44.04 million tons last year, up 17.3 percent from the prior year and a new record high, according to the data from industry sources and the Korea International Trade Association. (Yonhap)Qatar was South Korea's largest LNG import source, accounting for 32.4 percent of the total. Australia came next with 17
Facebook agrees to pay SK Broadband network fee: reports
Jan 27, 2019
Following a yearslong dispute with South Korea’s internet service providers over network maintenance fees, Facebook has reportedly agreed to pay SK Broadband for using its server to secure faster internet connection to the social networking service. According to the government and business sources here, Facebook and SK Broadband have reached an agreement that requires the global tech giant to offer a hefty sum of money for using the local telecom company’s cache server. While details of the de
How much will 5G service cost?
Jan 27, 2019
Teleco chiefs offer glimpse into 5G pricing plan; Not likely for price to hike up largely from 4G
Posco becomes first in steel industry to obtain EPD certification
Jan 27, 2019
Posco has become the first company in the domestic steel industry to obtain Environmental Product Declaration certification from the Ministry of Environment, the firm said Sunday.Five products from Posco -- plates, wire rods, plated steel sheets (HGI), giga steel (980DP), and high corrosion-resistant steel plates -- have all gained certification for seven environmental indicators, including carbon footprint, resource footprint, ozone layer influence, acid rain, eutrophication, photochemical smog
Top 10 chaebol groups’ stock assets rise by W2tr in January
Jan 27, 2019
The owners of South Korea’s top 10 chaebol groups saw their stock value rise by about 2 trillion won ($1.7 billion) this month to reach 30.17 trillion won, industry data showed Sunday. According to Chaebul.com, which tracks conglomerates here, the figure was up 8.3 percent from 27.8 trillion won at the end of last year. Individually, the value of stocks held by Samsung Electronics Chairman Lee Kun-hee rose to 15.1 trillion won, up 11.5 percent from 13.6 trillion won at the end of last year. Lee,
Duty-free sales from Japanese visitors up despite military tension
Jan 27, 2019
South Korean duty-free stores saw their sales from Japanese consumers rise sharply on-year in January despite the on-going military tension between the two countries, apparently on the back of the strong Japanese yen, industry sources said Sunday.Sales from Japanese consumers at a Lotte Duty Free shop in Seoul's central shopping district of Myeongdong shot up 31 percent on-year in the first 20 days of January, the sources said. Overall, combined growth increased 15 percent posted over the cited
SK chief stresses businesses’ role of generating social value at Davos forum
Jan 25, 2019
SK Group Chairman Chey Tae-won stressed the role of businesses in creating a sustainable economy in a discussion session on the sidelines of the World Economic Forum in Davos, Switzerland, the company said Friday.At a session jointly hosted by Boston Consulting Group, the head of South Korea’s second-largest conglomerate shared his experience of pursuing ways to promote the sharing economy nationwide by facilitating tangible and intangible assets held by his companies.Taking an example of SK Inn
KGCCI holds forum on economic prospect of Korea
Jan 25, 2019
The Korean-German Chamber of Commerce and Industry hosted a forum Thursday to discuss the prospects for the nation’s economic growth.The speakers at the forum shared the view that the economic partnership between the two nations should move forward to adopt the “fourth industrial revolution.” During the forum, Stephan Auer, German Ambassador to Korea, said, “The most important growth engine in our bilateral business cooperation could soon become the fourth industrial revolution with its various
[Weekender] For you, anything: Children put on pedestals
Jan 24, 2019
Despite falling birthrate, premium markets for babies, toddlers boom in South Korea
Netflix has no plan to raise prices for Korea
Jan 24, 2019
Online streaming giant cautious about regulation attempt
[Weekender] When 1-year-olds learn coding
Jan 24, 2019
Educational toys enjoy consistent popularity, firms now adding technological touches
[News Focus] Debate brews over dual-class stock system
Jan 24, 2019
A debate is brewing in South Korea over the idea of introducing a dual-class stock structure, with proponents supporting it for the sake of startups and innovative businesses, while critics worry that such a system would invite abuse by conglomerates.In a dual-class stock structure, a single company can issue different classes of shares -- for instance, class A shares could be reserved for founders and executives and carry more voting power while class B shareholders could have limited voting ri
CheongKwanJang opens cooking classes for foreigners
Jan 24, 2019
Korean Ginseng Corporation, known for producing Korean red ginseng under the brand CheongKwanJang, has opened cooking classes for foreigners as a way of promoting Korean red ginseng.The classes comprise of well-known Korean cuisine specialists teaching how to make authentic Korean dishes such as samgyetang or tteok galbi. To match the theme of the class, all the dishes add red ginseng as a twist.Participants in CheongKwanJang cooking classes learn how to make dishes with red ginseng. (KGC)The cl
Homeplus joins European Marketing Distribution alliance
Jan 24, 2019
South Korean discount chain operator Homeplus has joined Europe’s largest retail alliance, the firm said Thursday, in a first for an Asian retailer. As a member of the European Marketing Distribution, Homeplus aims to deliver goods imported from the EU to Korean consumers at affordable prices while aiding Korean manufacturers in entering the European market, the company said in a statement. Homeplus CEO Im Il-soon (left) and European Marketing Distribution Managing Director Philippe Gruyters (r
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Among Seoul’s conservatives, calls for going nuclear grow
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[From the Scene] Eurasian titans gather in Astana for growing regional summit led by Putin, Xi
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Parents reject abuse allegations against Son Heung-min's father at football academy
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