Most Popular
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Anti-corruption official leading first lady probe found dead
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S. Korea ties own Olympic record of 13 gold medals, aims to beat it
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BTS' Suga's blood alcohol concentration over 0.2 pct in drunk driving incident: police
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Hybe Chairman Bang spotted in LA with livestreamer Seyeon
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Underdog Kim Yu-jin beats odds to climb to top of taekwondo world in Paris
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2 subway workers killed, 2 injured at Guro Station
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New members of Fifty Fifty unveiled
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N. Korea unilaterally applies for taekwondo's inscription as UNESCO Intangible Cultural Heritage
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Software update of Hyundai, Kia cars result in lower theft rates in US
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Old Korean Legation under review for US Register of Historic Places
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Food trade agency secures more kimchi for Korean athletes at Olympics
As the world tunes into the Paris Olympics, the Korean national team has received a boost from home -- not just in spirit, but in flavor. The Korea Agro-Fisheries & Food Trade Corp., or aT, on Friday said it had delivered an additional shipment of Korea’s beloved culinary staple kimchi to the athletes, providing a taste of home with the aim to inspire peak performance. The official kimchi handover ceremony took place on July 31 at the Team Korea Paris Platform in Fontainebleau, a sub
Aug. 2, 2024
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Samsung’s unionized workers to return to work but continue guerrilla strikes
Samsung Electronics’ labor union said Thursday it would return to work by next Monday but vowed to continue guerrilla strikes amid their stalled talks for wage hikes. “It is the time to shift to a long-term plan,” the National Samsung Electronics Union said via its YouTube channel. “We will proceed with sustainable guerrilla strikes while adhering to legal standards to ensure our success. You can return to work from today. You can join our guerrilla strikes anytime
Aug. 2, 2024
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LG Display picks CSOT as preferred bidder for Chinese LCD plant
LG Display said Friday it picked its Chinese rival CSOT as a preferred bidder for its liquid crystal display plant in Guangzhou, China. CSOT, a display-making subsidiary of China appliance giant TCL, is the world's second-largest LCD maker following its crosstown rival BOE. LG said it plans to continue talks with CSOT on more detailed deal conditions. The company did not elaborate on the deal size, but industry sources estimate the sale could be worth about 2 trillion won ($1.45 billion). T
Aug. 2, 2024
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Samsung labor union demands chief step in
Samsung Electronics’ labor union protested in front of Chairman Lee Jae-yong’s residence in Seoul on Thursday, calling on the Samsung chief to step in over their stalled wage talks with management. The National Samsung Electronics Union, which accounts for about 24 percent of the total workforce of the tech giant, launched an indefinite strike on July 8. “We ask Chairman Lee to come forward and show his position to resolve the full-scale strike,” the union said at a press
Aug. 1, 2024
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Korea-Vietnam cooperation seeks cost cuts, tech gains
The business communities in South Korea and Vietnam are anticipating reductions in production costs and technology advancements, respectively, from bilateral economic cooperation between the two nations, according to a survey released Thursday. The survey, conducted by the Korea Chamber of Commerce and Industry, collected responses from a total of 257 business and industry officials from Korea and Vietnam who attended the Korea-Vietnam Business Forum held in Seoul on July 1. In the survey, Korea
Aug. 1, 2024
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SKT's 20-year sponsorship elevates Korean fencing to Olympic glory
Achieving remarkable success at the Paris Olympics, Korean fencing is shining alongside SK Telecom's two decades of sponsorship. Since starting its sponsorship of the Korean Fencing Federation in 2003, SKT has been a steadfast supporter of Korean fencing. Over the years, the company contributed 30 billion won ($21.9 million) through the federation. "Our support has been instrumental in Korea's development into a fencing powerhouse," said an SKT official. The company has consi
Aug. 1, 2024
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Korean Air to stop serving ramyeon onboard for safety
Korean Air said Thursday it would no longer serve instant cup noodles to economy class passengers on long-distance routes for safety reasons, starting Aug. 15. The nation's flag carrier said the decision aims to reduce the risk of accidental scalding from hot liquids. Cup noodles will be replaced with other offerings, including corn dogs, pizzas and hot pockets. Korean Air's decision comes amid a surge in severe turbulence in recent years. According to a recent study, incidents of seve
Aug. 1, 2024
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[Photo News] 63 years of IBK
Industrial Bank of Korea celebrated its 63rd anniversary at its headquarters in central Seoul, Thursday. At the event, IBK Chairman and CEO Kim Sung-tae shared his vision to make the policy lender become a "leading global financial service provider." He stressed the importance of IBK's role in providing the right financial services for customers, supporting small business owners, leading digital innovation, maintaining sound financials and fulfilling social responsibility. (Indust
Aug. 1, 2024
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Samsung Electronics, striking labor union still struggle to make compromise
Samsung Electronics and its largest labor union are still at odds over any breakthrough in their wage negotiations amid an ongoing strike, industry sources said Wednesday. The negotiations between management and the National Samsung Electronics Union (NSEU) started Monday after their previous talks ended without an agreement last week. Last week's meeting was the first management-labor discussion since NSEU's full-scale strike started on July 8. The NSEU has proposed three days of &quo
July 31, 2024
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Global IP alliances propel Korea’s patent office to new heights
The Korean Intellectual Property Office is stepping up its international efforts to protect intellectual property rights for export enterprises. From July 9 to 11, KIPO took part in the 65th World Intellectual Property Organization General Assembly in Geneva, Switzerland. There, KIPO held bilateral discussions on the sidelines of the event with ten different intellectual property bodies, including offices from Brazil, Denmark, Germany, India, Australia, the UK, France, Canada, Argentina, and the
July 31, 2024
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Korean Intellectual Property Office chief vows bold steps to safeguard export innovations
The Korean Intellectual Property Office is accelerating global efforts to enhance intellectual property rights for Korean export companies. At the recent World Intellectual Property Organization General Assembly, KIPO engaged in bilateral meetings with representatives from 10 countries. KIPO Commissioner Kim Wan-ki shared the key outcomes in an interview with The Korea Herald. "We signed two IP cooperation MOUs (memorandums of understanding) with the heads of patent offices from 10 countrie
July 31, 2024
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LG Energy Solution, Samsung SDI get closer to 46-series battery mass-production
LG Energy Solution and Samsung SDI are nearing mass production of the 46-series cylindrical battery, which is anticipated to be the next generation in battery technology. Samsung SDI is accelerating its timeline, aiming to start mass production of the 46-series cylindrical batteries in early 2025, over a year ahead of the initial schedule. The company has already set up a production line at its plant in Cheonan, South Chungcheong Province, and is rolling out prototypes for major clients, includi
July 31, 2024
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[KH Explains] How Balaan bucks luxury slowdown
Korean luxury fashion platform Balaan is getting fresh attention from investors, bucking the trend among global rivals reeling from sluggish sales and lukewarm investor appetite. According to industry sources on Wednesday, Balaan has been in talks with multiple investors in its Series D funding round. Among the investors are Chinese tech giant Alibaba Group and fashion platform operators, including China’s Poison and Japan’s Zozotown. They are said to be eyeing investments in the Kor
July 31, 2024
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[KH Explains] Hanwha scion steps into spotlight amid pending succession
Hanwha Group Chairman Kim Seung-yeon’s second son, Kim Dong-won, president and chief global officer at Hanwha Life, is eyeing a bigger presence within his father’s business empire as he plays a key role in leading the global expansion of the group’s financial business. Hanwha’s succession scheme is still taking shape, with the management control highly likely to be transferred to the chairman’s three sons. The eldest, Vice Chairman Kim Dong-kwan, is projected to t
July 30, 2024
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STX Heavy rebranded as HD Hyundai Marine Engine
Korean marine engine maker STX Heavy Industries has officially been rebranded as HD Hyundai Marine Engine under the umbrella of HD Hyundai. At a shareholders' meeting held on Tuesday, all proposed agenda items were approved, including amendments to the articles of association, a name change and the election of new directors. President Kang Young, appointed as the first CEO, brings a wealth of experience from his tenure at HD Hyundai Heavy Industries, where he joined in 1992. He has held var
July 30, 2024
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Toss Securities to launch US subsidiary this year
Toss Securities, a brokerage arm under financial technology giant Viva Republica, announced Tuesday that it plans to establish a subsidiary in the US to explore further business opportunities in the country. The US entity, a 100 percent-owned subsidiary of Toss Securities, will be founded within this year under the name of Toss Securities Americas. The establishment was approved through a board meeting of the brokerage unit. Toss Securities Chief Financial Officer Kim Kyung-soo is to serve as th
July 30, 2024
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Vine Group secures bigger footing in Japan
Vine Group said Tuesday that its Japanese subsidiary Vine Japan successfully expanded business operations in Osaka, Japan. Since its establishment in 2017, Vine Japan has diversified its operations from rental services to include hotels, trade, and the food and beverage sector. Vine Japan entered the hotel industry by acquiring Hotel Links Namba in 2018. In 2019, it acquired WBF Hotel and rebranded it as Hotel Vine Osaka, enhancing customer satisfaction with a Korean boutique hotel concept. Amid
July 30, 2024
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JobKorea, Hirediversity team up to assist foreign job seekers
JobKorea, a job search platform, said Monday it has joined forces with Hirediversity, a local administrative service platform intending to assist foreign national job seekers. The partnership aims to streamline the administration process for foreign nationals interested in working in Korea by leveraging Hirediversity's expertise in immigration administration support and data management. The collaboration will provide administrative support and customized recruitment information, with the ai
July 29, 2024
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TMON, WeMakePrice file for court receivership amid liquidity crisis
TMON and WeMakePrice, e-commerce platforms of the Singapore-based Qoo10, filed for court receivership Monday, officials said, amid continuing liquidity woes due to the firms' delays in repaying vendors operating on their platforms. The two South Korean marketplaces have been in crisis after failing to make payments to their vendors amid the liquidity issues of their owner, Qoo10, reportedly due to aggressive merger deals. Their unpaid bills came to around 210 billion won (US$151.7 million
July 29, 2024
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After 15 years of waiting, iPhone users launch petition to bring Find My feature
The number of people demanding US tech giant Apple enable its Find My app in Korea surpassed 6,500 on Monday on the National Assembly’s petition website, a week after the movement started there on July 22. Find My allows users to track the locations of their Apple devices. If a lost device is nearby, it plays a sound. If users mark a devices lost, it locks or erases personal information. South Korea is the only country where Find My does not work, which has led online petitioners to accuse
July 29, 2024