The Korea Herald

BUSINESS

All
Economy
Finance
Industry
Technology
Automode

LATEST NEWS

Minister says he will help create environment for US-NK talks
SC Bank Korea to introduce ‘Frozen 2’ character check cards, bankbooks
S. Korea eases visa regulations for foreign workers in parts, materials and...
Doorbell song from 'Parasite' hits internet
S. Korea to mull extending presale prices of privately built flats
Naver's Japanese affiliate Line announces basic merger with Yahoo Japan
S. Korea's trade deficit with Japan tipped to hit 16-year low this year
Kim watches airborne landing training, urges improved war preparedness
S. Korea, US to hold new round of defense cost-sharing negotiations
Trump urges NK leader to 'act quickly,' 'get deal done'

Today Industry

S. Korea eases visa regulations for foreign workers in parts, materials and equipment fields

South Korea's justice ministry on Monday unveiled a revised visa policy to ease regulations for foreign workers in the parts, materials and equipment industries as part of ongoing efforts to help the industries that have taken a hit from Seoul's trade row with Tokyo."Starting Nov. 18, the justice ministry implements a revised policy for foreign professionals to support the parts, materials and equipment industries struggling from Japan's trade row and improve national competitiveness,"

Naver's Japanese affiliate Line announces basic merger with Yahoo Japan

Naver Corp., South Korea's No. 1 internet portal, said Monday that its Japanese messaging app provider Line Corp. has reached a basic merger deal with internet portal Yahoo Japan Corp., a move that could form Japan's largest internet platform.Under the agreement, Line and Japanese telecom giant SoftBank Group Corp. -- a holding firm of Z Holdings Corp. that operates Yahoo Japan -- will each hold a 50 percent stake in a new joint venture named Z Holdings, the company said.The two sides are schedu

Today
Industry
S. Korea's trade deficit with Japan tipped to hit 16-year low this year

South Korea's trade deficit with Japan is expected to sink to a 16-year low in 2019 due to a tumble in imports, data showed Monday.Seoul posted a trade deficit of $16.37 billion with Tokyo in the first 10 months of this year, down 20.6 percent from a year earlier, according to the data from the industry and trade ministry and the Korea International Trade Association.It marks the lowest trade deficit with the neighboring country for the January-October period since the red ink of $15.57 billion

Today
Industry
[Graphic News] S. Korea recaptures No. 1 spot in shipbuilding orders

　South Korea recaptured the top spot in global shipbuilding orders last month, industry data showed, on the back of its dominance in the liquefied natural gas carrier market. 　In October, local shipyards, led by Hyundai Heavy Industries, won orders totaling 1.29 million compensated gross tons to build 17 ships, accounting for 86 percent of the orders placed around the globe, according to London-based Clarkson Research Services, the world’s leading provider of data for the shipping and ship

Nov 17, 2019
Industry
[Herald Interview] Royal Salute adds artistic touch to its blend Scotch whisky

Icelandic artist Kristjana S. Williams holds royal Menagerie-motivated visual art exhibition

Nov 17, 2019
Industry
Luxury fashion powerhouses rush into S. Korean

When it comes to purchasing luxury and premium products and services, South Koreans are almost on par with other major countries. Indeed, South Koreans' love for luxury goods is astonishing, and that's why high-end brands, which are known to stick to their heritage and tradition, have recently taken new and innovative moves in South Korea, such as opening pop-up stores and putting on world-exclusive fashion shows. Louis Vuitton, listed by Forbes as the most powerful luxury brand, open

Nov 17, 2019
Industry
[From the Scene] Disabled gamers give G-Star thumbs up

BUSAN – Gaming’s power for social inclusivity was one of the many things on show at the the 15th annual game expo G-Star 2019 in Busan last week, with visitors with physical disabilities experiencing improved access. Among the crowd at the city’s Bexco center were visitors in wheelchairs watching live e-sports. “This is my third year coming to G-Star. I’m enjoying the event without encountering any major issues,” said 29-year-old Lee Shim-hoon, who has a first

Nov 17, 2019
Industry
[Contribution] Green future carved by Korea, ASEAN

What a gathering indeed. On one lucidly red and yellow-tinged autumn day, ministerial-level forestry officials of Korea and 10 ASEAN members gathered in Seoul to discuss ways forward for their reciprocal forest cooperation. The high-level meeting on forestry held on Oct. 31, prior to the 2019 ASEAN-ROK Commemorative Summit and the 1st Mekong-ROK Summit, was an auspicious occasion under the theme “Our Forests for Prosperity and Peace.” South Korean President Moon Jae-in added weight t

Nov 17, 2019
Industry
‘Multilateral trade system on the cusp of major change’

The global trade paradigm is shifting with the multilateral trade system supported by the World Trade Organization about to be replaced by a new system involving overlapping trade deals of regions and sectors, according to a new report of the Korea International Trade Association on Sunday.“The multilateral trade system -- in which 164 countries follow a unified trade order through the WTO -- has steadily been weakening,” said Je Hyun-jung, a senior researcher at KITA. “If

Nov 17, 2019
Industry
Korean Air flight delayed after collision at Frankfurt Airport

Korean Air flight KE 905 collided with another plane on the taxiway in Frankfurt, Germany, on Saturday, delaying the subsequent flight bound for Incheon, the air carrier said Sunday. The incident involving the flight that departed from Incheon occurred Saturday at 6:20 p.m. (local time). While waiting on the taxiway after landing at Frankfurt Airport, the airplane’s horizontal stabilizer located at its right wing crashed into the end of an Air Namibia’s plane left wing.According

Nov 17, 2019
Industry
Samsung Electronics' first labor union under umbrella group sets sail

Samsung Electronics Co.'s first labor union under a major South Korean umbrella union group set sail Saturday.The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later. The union did not unveil the number of its members, but it is known to hover around 500. The union said its first goal is to recruit 10,000 members and that it plans to demand negotiations to the company on

Nov 16, 2019
Industry
US trade body likely to rule against Hanwha Q Cells in patent case; panel maker to ‘appeal immediately’

South Korean solar panel manufacturer Hanwha Q Cells received a preliminary notice from the US International Trade Commission indicating that the US body regards as unfounded the company’s patent infringement complaints against other foreign solar energy companies, the firm confirmed Friday. The USITC is set to announce an official ruling in about two weeks. Hanwha said it would “appeal immediately” if the decision were to be finalized. The reasoning behind the USITC’s pr

Nov 15, 2019
Industry
CJ ENM, Walt Disney neck-and-neck at S. Korean box office

Two film distributing powerhouses, CJ ENM and Walt Disney Company Korea, were neck-and-neck at the South Korean box office in the first 10 months of this year, data showed Friday.In January to October, CJ ENM, an entertainment unit of CJ Group, distributed 13 films, garnering 45.4 million admissions and taking up 24.5 percent of the total tickets sold.Walt Disney Company Korea, the local unit of the U.S.-based media titan, also managed 13 movies, which attracted 45.2 million moviegoers with a ma

Nov 15, 2019
Industry
Samsung's smartphone share in Japan nearly triples in Q3

Samsung Electronics Co.'s share in the Japanese smartphone market nearly tripled in the third quarter from a year earlier thanks to robust sales of new models, industry data showed Monday. The Korean tech giant shipped about 500,000 smartphones in Japan in the July-September period to take up 6.7 percent of the country's smartphone market, according to the data compiled by Strategy Analytics. The third-quarter figure was sharply up from 2.4 percent from a year ago, while slipping from the

Nov 15, 2019
Industry
G-Star 2019 sees record attendance from 36 countries

BUSAN -- Korea’s annual game exhibition G-Star 2019 kicked off Thursday with a record number of participants at Bexco in Busan.The event had 3,208 booths representing 691 companies from 36 countries, the biggest so far for the 15-year-old industry showcase and an 8.2 percent growth from a year earlier, the organizers said. G-Star runs through Sunday, at two halls respectively holding business-to-consumer and business-to-business booths.On the sidelines of the exhibit are G-Con game co

Nov 14, 2019
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