The Korea Herald

BUSINESS

All
Economy
Finance
Industry
Technology
Automode

LATEST NEWS

[Newsmaker] Appeals court upholds another wartime forced labor victim's com...
Kia’s New Soul gets power, sleekness
Dumplings, pizza most popular ready-made foods in Korea: data
Seoulites help crack down on over 45,000 illegal prostitution ads
Moon Jae-in makes Foreign Policy’s list of 100 global thinkers for two con...
Men taking paternity leave rise 46.7 percent on-year in 2018
US auto tariff will hurt S. Korean, US carmakers: report
[K-talk] Twice’s first Japanese dome tour to draw 210,000
N. Korea's envoy replaced ahead of 2nd Trump-Kim summit: source
Refiners' exports hit record high in 2018

Today Industry

Dumplings, pizza most popular ready-made foods in Korea: data

Around 60 percent of South Korean households purchased ready-made food over the past year, with dumplings and pizza being the most popular, data showed Wednesday.According to the findings by the Ministry of Agriculture, Food and Rural Affairs, the two dishes were the most popular ready-made food products, followed by instant noodles and gimbap, a rice roll in sheets of dried seaweed. (Yonhap)The survey was conducted on 2,021 households from July to August last year. It also made a deeper study

Refiners' exports hit record high in 2018

Exports of oil and related goods by South Korean refiners reached an all-time high last year on strong demand and higher oil prices, industry data showed Wednesday.The four oil refiners in South Korea -- SK Energy, GS Caltex, S-Oil and Hyundai Oilbank -- shipped 494 million barrels of petroleum products, up 4.6 percent from a year earlier, according to data compiled by the Korea Petroleum Association. (Yonhap)In terms of value, exports of oil and related goods reached $39.96 billion, surging 33

Today
Industry
GS Caltex, LG team up for EV charging stations

Seeking the efficient utilization of existing infrastructure for new technologies, GS Caltex and LG Electronics have agreed to work together to provide various next-generation charging services at gas stations, the companies said Tuesday.The two sealed a memorandum of agreement to build energy and mobility convergence charging stations, which will have all the previous services offered by GS Caltex-run gas stations. New services will encompass electric vehicle charging, rental and maintenance. L

Today
Industry
Spam hits sales record in Korea

Spam, a well-known brand of canned cooked meat and a popular South Korean holiday gift, has attained 4 trillion won ($3.54 billion) in cumulative sales since its launch 32 years ago.CJ CheilJedang said Wednesday that it had sold around 1.2 billion 200-gram cans of Spam in the product’s history -- the equivalent of 24 cans for each person in Korea. Spam has become an indispensable item in Korean households. (Yonhap)Spam was introduced to Korea by the US army during the Korean War, and domestic pr

Today
Industry
Court suspends FSC's penalties on Samsung BioLogics

A Seoul court approved Tuesday a request by Samsung BioLogics Co. to put on hold the execution of penalties by the financial watchdog for the company's suspected accounting irregularities. The Seoul Administrative Court accepted Samsung's argument that enforcing the penalties before a formal court ruling can cause unrecoverable damage to the firm. The penalties will be suspended until the court reaches a verdict in the litigation between the tech giant and the state. (Yonhap)Samsung BioLogics l

Jan 22, 2019
Industry
Fine dust pollution reshapes local home appliance market

Amid deteriorating air quality in South Korea, air purifiers and clothes dryers have become more popular in the nation’s home appliance market, market data showed Tuesday. According to local discount store chain E-mart, sales of air purifiers from Jan. 1 to 20 jumped 180 percent compared to the same period last year. Sales of air purifiers ranked eighth this month in the home appliance category.In light of concerns over air quality, home appliances that reduce exposure to dust, such as air purif

Today
Industry
Kogas poised to take lead in global LNG market

Korea Gas Corp. is seeking to take the lead in the global liquefied natural gas market on the strength of its solid leadership in the South Korean market and continued investment at home and abroad.The state-run company currently provides natural gas to more than 90 percent of the nation with its 72 natural gas storage facilities and pipes measuring a combined 4,848 kilometers in length. Kogas’ offshore project in Myanmar (Kogas)Kogas is now expanding its business in the global market and is pa

Today
Industry
SK hynix donates W3b for vulnerable classes in Gyeonggi, North Chungcheong

SK hynix, the world’s second-largest memory chip provider, said Monday the company donated 3 billion won ($2.66 million) for welfare institutions in Gyeonggi and North Chungcheong provinces to support the vulnerable.The chipmaker’s employees and executives raised 1.5 billion won and the company offered another 1.5 billion won for a matching grant fund, dubbed “Happy Nanum Fund,” which is part of its corporate outreach. SK hynix has so far donated 19.5 billion won, benefiting around 32,000 elderl

Jan 22, 2019
Industry
Coca-Cola features BTS for New Year’s special packaging

Coca-Cola said Monday it will be releasing a New Year’s special package featuring BTS song titles.Each package option will have images of BTS as well as adaptations of song titles, such as “Your spring is today,” “You‘re my idol” and “This year is on fire.” (Coca-Cola)The company stated that the packaging intends to convey “hopeful messages to hard-working consumers that they are great the way they are.” The messages were influenced by BTS song titles as the band has been continually spreading p

Jan 22, 2019
Industry
Kyung Hee University pharma research center to hold symposium on novel drug development

Kyung Hee University’s Global Center for Pharmaceutical Ingredient Materials is hosting a symposium on Wednesday for working-level novel drug developers and students pursuing careers in the field. Firms involved with the Gyeonggi-do Regional Research Center, a regional project that supports advancement of science and technology, have also been invited, the organizers said.In July 2017, GPIM was selected as a GRRC business for a six-year research project to foster collaboration between business,

Jan 22, 2019
Industry
JTI Korea taps former Mexico unit chief as CEO

JTI Korea, the Korean unit of the global tobacco maker, said Monday that it has tapped Jose Luis Amador as the new CEO of the Korean unit. JTI Korea said Amador was chosen to lead the Korean company based on his combined experience in marketing and sales at global offices in Spain, Hong Kong and the head office in Switzerland.The Spanish CEO spent the last seven years in Mexico, where he led the Mexican unit and launch of global cigarette brand Winston in the country. Jose Luis Amador (JTI Kore

Jan 22, 2019
Industry
Apple exploits mobile carriers: FTC

Apple is exploiting local telecom companies for profit by unfairly collecting advertising funds, economists representing South Korea’s antitrust watchdog said last week during a second hearing on the matter.Yonhap“Apple’s (superior) position in business dealing with local telecom firms is recognized based on economic analysis. (Apple) collecting advertising funds are merely additional ways of exploiting telecom carriers’ communications service profits,” FTC investigators were quoted as having te

Jan 22, 2019
Industry
Govt. to announce blueprint on nuke plant decommissioning in March

South Korea's industry ministry said Monday it will announce the blueprint on fostering the country's nuclear plant decommissioning industry in March in line with its new energy policy. While the government seeks to turn South Korea into a nuclear energy-free nation, there have been demands that the government should seek new opportunities to keep the country's energy industry running."We plan to prepare a plan to establish a nuclear-plant decommissioning research institute in the southeastern r

Jan 21, 2019
Industry
[News Focus] NPS braces for first test of stewardship code

The National Pension Service is increasingly under pressure to apply stricter yardsticks on their investments and management at invested firms, with growing risks from owners resulting in revenue and stock price drops. Political debates are also coincidentally brewing over whether the emphasized exercise of voting rights on governance issues would lead to more responsible investment of the state pension operator or to excessive state or social influence in the business realm. In July last year,

Jan 22, 2019
Industry
SK Broadband to double network size for Netflix users

South Korea's fixed-line operator SK Broadband Inc. said Monday that it is pushing to increase its network capacity to deal with the growing number of people using services offered by US video streaming platform Netflix.The company is planning to increase its data transfer speed for high-speed networks to 100 gigabits per second from 50 Gbps by doubling its overseas network in the wake of consumers' complaints over streaming quality. (SK Broadband)To watch Netflix in HD quality, a user must have

Jan 21, 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