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Cheong Wa Dae: Japan's arbitration process offer unacceptable
N. Korean envoy seems alive despite report of execution: S. Korea‘s spy ag...
N.K. says planned S. Korea-U.S. military drill will affect working-level nu...
New top U.S. diplomat for East Asia visits Seoul
2 Japanese defense attaches recalled after secretly obtaining military secr...
Seo Dong-joo wins 2019 LMoA Young Artist Award
[Graphic News] UN: 464,000 people killed in homicides in 2017
[News Focus] Does Korea-Japan dispute put trilateral cooperation with US at...
Sol Beach Hotel & Resort Jindo opens
[Breaking] Ex-lawmaker found dead on mountain in western Seoul: police

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South Korea’s eco-friendly car exports take off

South Korean exports of environment-friendly cars, such as hybrid and electric vehicles, soared over the seven years ending last year as global demand shifted away from combustion-engine cars, industry data showed Tuesday. The data from the Korea Automobile Manufacturer Association showed that from 2012 to 2018, the country’s automotive exports fell by an annual average of 4.2 percent, but exports of eco-friendly cars rose by an average of 33.1 percent per year.A total of 196,000 eco-

Doosan, Ceres team up for power system’s commercial use

South Korean energy-to-industrial equipment company Doosan Corp. has agreed with UK-based Ceres Power to develop solid oxide fuel cell power systems for commercial buildings here, the companies said Tuesday.The two signed a collaboration and licensing agreement to jointly develop SOFC power systems targeted at the Korean commercial buildings market, in which the two see business potential alongside the Korean government’s plan of increasing the use of fuel cell electric systems in autos, f

Today
Industry
Hanwha Total co-CEO elected as Korea head of CCE

Jean-Marc Otero del Val, co-CEO of Hanwha Total Petrochemical, a 50-50 venture between South Korean conglomerate Hanwha and French petrochemical firm Total, has been elected as a representative of French Foreign Trade Advisors’ Korea division, the company said Tuesday. The advisory group, Les Conseiller du Commerce Exterieur, has more than 2,600 members in 145 countries where French companies have made inroads. The organization’s branch in Korea is operated by executives of French fi

Today
Industry
[News Analysis] Doubts cloud Seoul’s decision to take Japan trade row to WTO

Japan’s latest moves to curb exports of key materials used in South Korea’s high-tech industry is to be an agenda at the World Trade Organization’s General Council meeting next week amid mixed forecasts about the results. The Moon Jae-in administration announced Sunday that it planned to use the upcoming meeting to explain its stance on Tokyo’s decision to apply stricter export rules for three materials used for producing chips and displays, and to remove South Korea from

Today
Industry
[Herald Interview] How Facebook addresses beautification controversy

Facebook art producer Gulaya Pizarro says company takes great care to stop biased beauty standards from infecting new camera technologies

Today
Technology
LG launches world’s first capsule-type beer brewing machine

LG Electronics announced on Tuesday the commercial launch of the world’s first capsule-type automated beer maker in line with the growing home-brewing trend. The LG HomeBrew machine will be rolled out with a retail price tag of 3.99 million won ($3,390) in South Korea, including the price of receiving after-sales service for up to three years and 10-year warranty for the core inverter compressor. After inserting one capsule and water into the double-metal cylindrical machine, consumers can

Today
Technology
SKT launches ‘world’s first’ 5G roaming service

　After South Korea became the first country to launch commercial services of the 5G wireless network in April, the country’s biggest mobile carrier has taken it a step further by working with a Swiss counterpart to launch international roaming service on the platform. 　SK Telecom announced Tuesday that it will launch “the world’s first” 5G roaming service with Switzerland’s biggest mobile carrier, Swisscom. Those visiting Switzerland will be able to use the se

Today
Technology
S. Korea to receive applications for new internet bank in October

South Korea's financial regulator said Tuesday it will receive applications in October for a third internet bank, as it seeks to reinvigorate the nation's financial industry. The Financial Services Commission said applications will start being received Oct. 10 and an initial approval will be granted by early January next year. If things go well, a final approval will be granted by early February next year, it said. "Financing ability is one of the important standards used by an evaluation c

Today
Finance
Netflix has 1.84 mln users in S. Korea: data

The number of South Korean users subscribing to the US video streaming platform Netflix Inc. has nearly tripled on-year to surpass the 1.8 million mark, industry data showed Tuesday.Netflix is estimated to have 1.84 million paid active streaming subscribers as of June, compared with 630,000 users during the same period a year earlier, according to the data compiled by industry tracker WiseApp. The data showed that some 38 percent of Netflix users in the country are in their 20s, followed by 31 p

Today
Industry
S. Korea considers lowering extra-high inheritance tax rate for top shareholders

South Korea's government and ruling party are considering a move to lower the extra-high rate levied on inheritance tax for top shareholders of big companies, a ruling party official said Monday. South Korea's top inheritance tax is set at 50 percent, but it could go up to as high as 65 percent if the rate is increased in cases that involve the largest shareholders.The ruling Democratic Party (DP) and the government have been in discussions to lower the extra-h

Jul 15, 2019
Economy
[Contribution] Need to make traditional liquor Korea’s representative brand

While on a plane back from an overseas trip to an exhibition on rural food, I asked without a great deal of anticipation whether the in-flight service includes Korean traditional liquor, besides wine, beer and whiskey.To my surprise, the flight attendant immediately replied that they did indeed serve traditional liquor and had canned makgeolli. The fact that Korea’s traditional liquor was available on the plane made me incredibly grateful and glad, especially as the representative of Korea

Today
Industry
Market closely watches timing, pace of BOK’s upcoming rate cut

There is consensus on a likely rate cut in August, but views differ on further action this year

Today
Economy
[News Focus] Seoul apartments resilient to property measures since 2017

SEJONG -- The Moon Jae-in government has introduced stern regulations on rebuilding old apartments or redeveloping old areas in Seoul. Housing redevelopment projects have been effectively blocked in the capital.The city authorities have also fallen behind in increasing housing supply for citizens.The central government has bolstered rules on mortgages under the guise of curbing apartment prices in the city. The ceiling of bank loans for housing purchases has sharply been lowered as part of a set

Today
Economy
Israeli president calls for bigger partnership with Hyundai Motor

Israeli President Reuven Rivlin said he hopes to see expanding cooperation between the Middle East country’s startups and South Korean carmaker Hyundai Motor in the fields of smart, connected and green mobility, the company said Monday.In his visit to the Hyundai R&D Center in Namyang, Gyeonggi Province, the Israeli leader met the carmaker’s de facto chief, Executive Vice Chairman Chung Euisun, vowing to take the lead in the development of future cars by strengthening partnership

Today
Automode
[News Focus] Throwing sand in wheels of world trade: Foreign experts weigh in on Japan export curbs

Japan’s ‘political’ trade restriction is latest case of governments holding companies hostage to diplomatic disputes, experts suggest

Today
Industry

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114