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NewJeans releases music video for 'Bubble Gum'
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
[What to See] Cheongdam-dong galleries bring together must-see shows
[EYE] ‘Save clothes, save the planet’: Activist advocates for sustainable fashion
[Music in drama] An ode to childhood trauma
Refresh, unwind away from the tropical heat
[Weekender] How DDP emerged as an icon of Seoul
N. Korea reaffirms plan to bolster space reconnaissance capabilities
Coach apologizes for missing out on Olympic football qualification, calls for system overhaul
N. Korea denounces US condemnation of human rights violations
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
S. Korea, US lay out respective visions for new defense cost-sharing deal: US negotiator
US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
EU toughens safety rules for online retailer Shein
S. Korea, Japan could consider simplified entry agreement: Seoul official
New chief named to anti-corruption body
[Herald Interview] Noam Segal of Guggenheim Museum pushes for technology-based art with LG
Hybe refutes Ador CEO Min's denial of breach of trust
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Hanwha reaffirms will to pursue Austal takeover
Apr 2, 2024
South Korean Conglomerate Hanwha Group on Tuesday reaffirmed its willingness to continue pushing for a takeover of Australian shipbuilder Austal despite the latter’s earlier announcement to reject the former’s offer due to low chances of obtaining regulatory approvals. According to media reports and industry sources, the value of the acquisition offer has been estimated between 895 million and 1.02 billion Australian dollars ($581 million and $663 million). Noting Austal’s posi
Crypto.com makes Korean debut
Apr 2, 2024
Cryptocurrency exchange operator Crypto.com said Tuesday it would launch its exchange app service in Korea this month while expressing its hope for winning the regulatory nod for Korean won-based transactions soon, the company announced Tuesday. The firm said it will launch an exchange app for Korean users on April 29, enabling coin-to-coin transactions through the license earned by local exchange OK-Bit. Through the launch, Crypto.com will become the first regulated foreign player to operate a
Korea urged to step up incentives for chipmakers
Apr 2, 2024
As governments around the world fiercely compete to boost their semiconductor industries by distributing large subsidies, South Korea is pointed out as falling behind other chip powerhouses, raising concerns about the gap widening in the future. On Tuesday, the Japanese Ministry of Economy, Trade and Industry approved subsidies of up to 590 billion yen ($3.9 billion) for chip foundry venture Rapidus, adding to its promise earlier to provide funds worth some 330 billion yen into the chip project.
[From the Scene] LG Twin Towers refurbished to better connect with employees
Apr 2, 2024
LG Group’s symbolic LG Twin Towers, a landmark in Yeouido, where its major affiliates including LG Electronics are headquartered, has been transformed into modern office spaces incorporated with nature-inspired elements to create a harmonious work and life integration. When The Korea Herald reporter visited the LG Twin Towers on Monday morning, the first day of the building's completed renovation, employees seemed to have beaten the Monday blues and were filled with excitement and lau
Temu sets up Seoul office to tap deeper into Korean market
Apr 2, 2024
Chinese e-commerce platform Temu has recently established an entity for its operation in Korea, amidst Chinese platforms' broader entry into the Korean market. According to information obtained from open legal proceeding records, Pinduoduo, the parent company of Temu, formally registered a corporation named "Whale Co., Korea Limited" on Feb. 23. The purpose of corporation establishment is to engage in e-commerce and related activities. Notably, WhaleCo Inc. operates as a subsidiar
Hyundai Group marks 20 years of Vision Forum
Apr 2, 2024
Hyundai Group celebrated the 20th anniversary of its Vision Forum on Tuesday, coinciding with a special session dedicated to the 40th anniversary of Hyundai Elevator, the group announced the same day. The session featured a comprehensive 70-minute webinar by Seoul National University professor Kim Jang-woo on the evolution of high-performance system semiconductors, drawing significant participation from employees. Launched in 2005 by Hyundai Group Chair Hyun Jeong-eun, the Vision Forum was estab
Heo Ung wins KBL Pocari Sweat Popularity Award
Apr 2, 2024
At the 2023-2024 JungKwanJang Korean Basketball League Awards, Busan KCC's Heo Ung won the Pocari Sweat Popularity Award for the fifth consecutive time, Dong-A Otsuka said Tuesday. The league awards ceremony took place Monday at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul. Introduced in the 2011-2012 season, the popularity award is decided entirely by fan votes to determine the season's most popular player. All Korean Basketball League players are eligible, wi
[KH Explains] Korean shipbuilders eye US yards to tap Navy's lucrative repair deals
Apr 2, 2024
HD Hyundai, Hanwha seek to take advantage of protectionist laws -- Jones Act and Byrnes-Tollefson Amendments
[Contribution] The Caribbean Dream comes true through industrial ODA
Apr 1, 2024
By Lee Seong-woo Vice president of the Korea Chamber of Commerce and Industry The Caribbean Sea, adorned with over 7,000 islands, lies to the east of Central America, where it meets the Atlantic Ocean. For many Koreans, this tropical paradise brings to mind the waterpark Caribbean Bay or the film series Pirates of the Caribbean. Yet, this region is plagued by frequent natural disasters, including earthquakes, hurricanes, volcanic eruptions, heavy rains and landslides. Sadly, most Caribbean cou
Internet-only banks soar past W100tr in assets
Apr 1, 2024
Last year witnessed remarkable growth for South Korea's three internet-only banks, as their combined value surged past the milestone 100 trillion won ($74 billion). The aggregate assets of Kakao Bank, K bank and Toss Bank reached approximately 101.61 trillion won by the end of last year, marking a substantial 27 percent increase from the previous year's 79.5 trillion won. Kakao Bank led the pack with total assets of 54.48 trillion won, followed by Toss Bank with 25.73 trillion won and
Pharmaceutical rivals partner for Fexuclue's sales
Apr 1, 2024
Daewoong Pharmaceutical has partnered with Chong Kun Dang for local sales of the gastroesophageal reflux disease (GERD) treatment Fexuclue, the country’s 34th new drug, the company said Monday. Fexuclue is a potassium-competitive acid blocker (P-CAB)-based GERD treatment that is designed to improve the shortcomings of proton pump inhibitor (PPI) drugs, such as slow onset of action and dietary effects. P-CABs have the longest half-life of up to nine hours among GERD medicines and have a lon
Samsung Bioepis launches half-priced Soliris biosimilar
Apr 1, 2024
Samsung Bioepis, a biosimilar developer under Samsung Group, announced Monday that the company decided to launch its Soliris biosimilar Epysqli in Korea at a price nearly 50 percent cheaper than the original drug. Epysqli is a biosimilar referencing Soliris, a high-cost drug for the treatment of rare hematological disorders, developed by Alexion Pharmaceuticals. As of 2022, the drug generated global sales of approximately 5 trillion won ($3.7 billion). The global rights to Soliris are currently
[Photo News] Hanwha chief congratulates team
Apr 1, 2024
Hanwha Group Chairman Kim Seung-youn (center) and his son and Vice Chairman Kim Dong-kwan took a selfie with employees at the Hanwha Aerospace research and development campus in Yuseong-gu, Daejeon, Friday. Hanwha's chief visited the center to congratulate Hanwha Aerospace’s selection as the only bidder for the nation’s forthcoming next-generation launch vehicle project and to offer encouragement to the team of researchers. (Hanwha Group)
HBM leadership is coming to us: Samsung CEO
Apr 1, 2024
Tech giant sets up HBM-only research team in AI push
JB Financial inks partnership with Vietnam’s OKXE
Apr 1, 2024
South Korea's JB Financial Group said Monday it has signed a partnership with OKXE, a Vietnam-based platform for used motorcycles, eyeing the expansion of its brokerage business in the country. At a signing ceremony held in Seoul on Friday, JB Financial Group and its affiliate JB Investment agreed to acquire a combined 8 percent stake in OKXE. OKXE was launched in Vietnam in 2020 by CEO Kim Woo-seok, bringing used motorcycle transactions from offline to online. With over 8 million users as
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Second Gimpo civil servant found dead, after apologizing for not finishing work
DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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Samsung mobile chief, Google device head meet in Seoul
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