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Trump, Putin sit down a bit late for closely watched summit
S. Korean tourist wounded in Philippines shooting
Main opposition party picks professor to lead internal reform
US, N. Korea hold working-level talks on return of war remains
1 in 6 Korean medical professionals have latent TB: study
[Graphic News] Japan ranked best country in Asia
Blackout hits several apartment buildings amid high temperatures
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‘Turkey regains stability two years after foiled coup’

Today Industry

South Korea’s regenerated power use marks record high in 2017

The trade amount of electricity from renewable sources in South Korea hit an all-time high of 2.4 trillion won ($2.13 billion) last year, backed by President Moon Jae-in’s plan to expand renewable energy, industry data showed Monday. Regenerated power traded in 2017 jumped 20.1 percent on-year to 2.4 trillion won from 1.7 trillion won in 2016, according to data from the state-run Korea Power Exchange.Last year’s figure is over 40 times the 50.4 billion won seen in 2011.Out of the total 44.7 tril

More office workers opt for quick, grab-and-go lunch: survey

More office workers prefer quick takeout food from convenience stores or coffee chains for their lunch hour, amid changes introduced in the country’s work culture with shortened hours, industry data showed Monday. (Yonhap)Convenience store chain operator CU said that at its 44 stores located in Seoul’s business districts Jung-gu, Jongno and Gangnam, sales of grab-and-go food went up by 30 percent from July 2 to 11, compared to the same period of the previous month. During this period, sales of

Today
Industry
E-mart cosmetics brand Scentence enters Saudi Arabia

South Korean discount chain operator E-Mart said its cosmetics brand Scentence will enter the Saudi Arabian market next week, opening the brand’s first store outside Korea. E-mart’s Scentence store at Al Nakheel Mall in Riyadh, Saudi Arabia (E-mart)The 66-square-meter store will open inside Al Nakheel Mall, which is operated by Saudi Arabian retail giant Fawaz Alhokair in the capital city of Riyadh.The store will have beauty products including facial serums, cleansers, hair and body care product

Today
Industry
Ratio of new regular workers at public agencies plunges in Q1

The ratio of newly hired regular employees at South Korea's public institutions fell sharply in the first quarter amid a jump in the number of indefinite-term contract workers, data showed Monday.According to the data from corporate tracker CEO Score and state portal All Public Information in One, 136 public firms and agencies with a workforce of 500 or more hired a combined 7,901 new employees in the January-March period.Of the total, slightly over 73 percent, or 5,778, were regular workers, wh

Today
Industry
Daimler Trucks Korea to join German dual vocational training program

Daimler Trucks Korea signed an agreement with the Korean-German Chamber of Commerce and Industry to collaborate on the German dual vocational training program Ausbildung on Wednesday in Seoul. The signing ceremony was attended by Barbara Zollmann, president and CEO of the Korean-German Chamber of Commerce and Industry, and Cho Kyu-sang, CEO of Daimler Trucks Korea. Barbara Zollmann (right), president and CEO of the Korean-German Chamber of Commerce and Industry, and Cho Kyu-sang, CEO of Daimler

Today
Industry
[IP in Korea] ‘Music copyright should evolve with digital revolution’

Current black-and-white frame of copyright regulation unfit for diverse digital music industry

Today
Industry
[Herald Interview] Hong Kong lures investment in AI, robotics

Hong Kong has long been a financial hub in Asia but it is now seeking investment to nurture innovative technologies such as artificial intelligence and robotics, said the head of an investment promotion agency in Seoul.“Hong Kong is now very much focused on innovation and technology. We genuinely think that greatly fits with Korea having very advanced companies in the areas -- both large and small -- at a global level,” said Stephen Phillips director-general of Invest Hong Kong, in an interview

Today
Industry
[Newsmaker] Unlikely alliance: Workers from rival airlines protest scandal-hit controlling families

Labor unions of Korean Air, Asiana Airlines hold first-ever sit-in protest to pressure respective managements

Today
Industry
New LG chief opting for change over stability

LG Uplus head Kwon Young-soo to rise to second-in-command of group

Today
Industry
Samsung Electronics to hand out record high incentive payments to partners

Samsung Electronics Co. plans to hand out record-high incentive payments for the first half of the year to its semiconductor business partners this month amid a boom in sales, industry sources said Sunday.The move reflects the continuing strength of the global super cycle for chips, which has helped Samsung post strong earnings so far in 2018. (Yonhap)The amount to be offered has not been announced, but it could exceed 22 billion won ($19.4 million), observers speculated. In the first half of l

Jul 15, 2018
Industry
Employees of Korean Air, Asiana call for patriarchs to step down

Hundreds of employees at Korea's two largest airlines held a joint rally on Saturday, calling for the airlines' patriarchs to step down over a string of scandals that sparked a huge public outcry. It was the first time that employees of Korean Air Lines Co. and Asiana Airlines Inc. had held a joint rally, although some employees of Korean Air participated in rallies organized by employees of Asiana Airline earlier this month. Mostly wearing masks or sunglasses due to fears of retaliation, more t

Jul 15, 2018
Industry
Business representatives decide to shun minimum wage talks for next year

Business representatives to the Minimum Wage Council have decided not to attend any of the discussions for next year’s minimum wage, reports said Friday, a decision that came after their demand to apply differential minimum wage was turned down.Based on local laws, even without the participation of one of the three sides – government, workers and employees – the 27-member council can decide on the minimum wage level if they meet the quorum. Members of the Minimum Wage Council walk out of a meeti

Jul 14, 2018
Industry
Mystery solved on Korean Air’s engine damage in 2016

An unusual culprit was behind the right wing engine damage suffered by a Korean Air plane during its landing at Jeju Airport on Jan. 25, 2016, investigations by the Transport Ministry showed, according to news reports Friday.Korean Air’s KE1275 suffered a dent on its right wing engine as it was landing at around 11 p.m. The flight had not crashed into any other airplane or facility on the airstrip. The damaged engine of the KE1275 (Yonhap database)To search for the cause, Jeju Airport officials

Jul 14, 2018
Industry
Samsung BioLogics unlikely to be delisted: securities report

Samsung BioLogics, the pharmaceutical affiliate of Samsung Group that came under fire for a past accounting breach, is unlikely to be delisted despite the financial regulator’s latest sanction, a securities report said Friday.“The Securities and Futures Commission (of the Financial Services Commission) has reserved its final judgement on the change of accounting standards, which is the core issue of controversy in the Samsung BioLogics accounting dispute,” said Jin Heung-kook, an analyst at Kore

Jul 14, 2018
Industry
Korean workers use less than W600,000 for vacation

More than half of surveyed employees in South Korea plan to go on vacation between July and August, and they would probably spend an average of 596,000 won while on holiday, a survey showed Friday.According to the survey of 1,106 workers conducted by education business institute Hunet, 83.7 percent said they were planning to go on vacation this summer.The average duration of the vacation came to 4.3 days. Only 14 percent of the surveyed workers said they would be leaving for vacation for seven d

Jul 14, 2018
Industry

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