Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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S. Korea votes in favor of Palestinian bid for UN membership
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Farming households dip below 1m for first time in 2023
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[Photo News] OLED tunnel
Visitors pass through tunnel-like display screens at LG Electronics’ exhibition booth during the CES tech show in Las Vegas on Tuesday. Some 140 OLED screens are used to feature diverse video content running on the tech giant’s smart TV platform, webOS. (LG Electronics)
Jan. 10, 2024
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[JPM 2024] SK Biopharmaceuticals to make big bet on new R&D platforms
SAN FRANCISCO -- SK Biopharmaceuticals will make aggressive investments into new drug discovery platforms to replicate the firm's success of its epilepsy treatment Xcopri, it said at the JPMorgan Healthcare Conference' Asia-Pacific track presentation session on Tuesday. "SK Biopharmaceuticals is the first and the sole Korean company to directly sell novel drugs in the US," SK Biopharmaceuticals CEO Lee Dong-hoon said while unveiling the firm's long-term growth strategy a
Jan. 10, 2024
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Govt. takes action on fatty samgyeopsal
The Korean government on Tuesday introduced guidelines to regulate the thickness of the fat in samgyeopsal, the popular pork belly cut widely enjoyed at barbeques. According to the Ministry of Agriculture, Food, and Rural Affair guidelines, the fat in pork belly cuts should be less than 1 centimeter thick. This decision follows public criticism over excessively fatty pork belly sold at some local discount stores on March 3 last year, known as "Samgyeopsal Day" in Korea, a day when the
Jan. 9, 2024
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Samsung, Flagship Pioneering to team up for investments in biotech
Samsung C&T announced Tuesday that the company signed a memorandum of understanding with Flagship Pioneering, a US-based bio platform company, to expand its investment to foster biopharmaceutical innovation through the fund it jointly formed with Samsung Biologics. Since its launch in 2000, Flagship Pioneering has originated and fostered more than 100 scientific ventures, resulting in more than $70 billion in aggregate value. The company is also widely known for its early investment in Moder
Jan. 9, 2024
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Taeyoung increases collateral to secure debt workout
Taeyoung Group, the parent company of debt-ridden Taeyoung Engineering & Construction, said Tuesday it will put up its full stake in TY Holdings and broadcaster SBS as collateral to secure liquidity, responding to demands calling for a higher level of self-rescue plan. While Taeyoung Group announced some measures to secure the funds to repay the debts of Taeyoung E&C in late December, financial authorities and creditors have called for more effective measures, such as putting up its shar
Jan. 9, 2024
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Samsung warns of worse than expected earnings in Q4
Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in the wake of sluggish demand and high inventory. In its earnings guidance released Tuesday, the tech giant projected its annual sales for the year at 258.1 trillion won ($196 billion), which is down by 14.5 percent on-year. Operating profit is estimated at 6.54 trillion won, plunging 84.9 percent when
Jan. 9, 2024
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New Korean space agency to blast off in H1
South Korea’s new space body, Korea Aerospace Administration, or KASA, is finally set to take flight with the country poised to join the global space race. The National Assembly on Tuesday passed special bills required for establishing and managing the space aviation agency to allow legal grounds for KASA. KASA, inspired by the US National Aeronautics and Space Administration, will be established in Sacheon, South Gyeongsang Province. The space agency is expected to be officially launched
Jan. 9, 2024
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[CES 2024] Doosan unveils technologies for sustainable, safer future
Heavy and energy industries conglomerate Doosan Group showcased futuristic technologies ranging from non-carbon energy solutions to autonomous heavy equipment at the CES 2024 in Las Vegas on Monday, a day before its official opening. Doosan Bobcat Vice Chairman Scott Park, Kim Do-won, president and chief strategy officer at Doosan Group, and Doosan Enerbility Vice President Song Yong-jin attended a press conference to share the group's key products and services. Doosan Bobcat, Doosan Group&
Jan. 9, 2024
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S-Oil remembers everyday heroes
South Korean oil refiner S-Oil is continuing to recognize those who performed acts of heroism and made the world a better place, over the past years. Under the values of sharing, S-Oil has delivered financial contributions and hosted an annual award ceremony for brave neighbors. These heroes include firefighters, Coast Guard officers, and citizens who rescued others in dire situations, putting the needs of others above their own. Since 2006, the firm has been awarding firemen to recognize them a
Jan. 9, 2024
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Korean biotech firms flex muscles at J.P. Morgan Healthcare Conference
Korea Herald Correspondent SAN FRANCISCO -- A record number of Korean companies are set to deliver presentations to boast their latest biotechnologies at the 42nd J.P. Morgan Healthcare Conference, the largest event of its kind, which kicked off Monday in San Francisco. This year, the number of Korean companies that received official invitations from the host increased to six from three last year. The presenters include Samsung Biologics, Celltrion, Yuhan Corp., Lotte Biologics, SK Biopharmaceut
Jan. 9, 2024
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LG Electronics eyes record sales of W84tr in 2023
LG Electronics is expected to record its highest revenue ever of 84 trillion won ($64 billion) in 2023, backed by solid performance in its core businesses, including automotive products, and effective management, the company's preliminary earnings showed on Monday. Despite challenges posed by delayed demand recovery from the economic slowdown and heightened market competition, LG Electronics marked its third consecutive year of achieving the highest annual revenue, the tech giant said. The
Jan. 8, 2024
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Korean air carriers ordered to inspect safety of Boeing fleets
The Ministry of Land, Infrastructure and Transport has ordered South Korean airlines to carry out safety checks on their Boeing 737 Max 8 aircraft, according to the ministry on Monday. The order came as a preemptive measure following an emergency landing on Friday of an Alaska Airlines' Boeing 737 Max 9 jet in Portland, Oregon. Alaska Airlines' B737 Max 9 bound for Ontario, California, was carrying 171 passengers. The aircraft made an emergency landing due to a cabin panel blowout. Som
Jan. 8, 2024
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Taeyoung inches closer to avoiding court receivership
Debt-ridden Taeyoung Engineering & Construction made a U-turn to stick with its initial self-rescue package to avoid court receivership, which could put over a thousand of its subcontractors at risk. The 16th-largest construction company in South Korea in terms of capacity is expected to unveil additional plans, which could include offering the ownership family's stake in Taeyoung Group's holding firm, to win creditors' approval by Thursday for the launch of a debt workout p
Jan. 8, 2024
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Pernod Ricard supports spread of Korean culture
Pernod Ricard Korea, the Korean unit of the French wine and spirit giant, said Monday it has donated 40 million won ($30,385) to the Corea Image Communication Institute, or CICI, to help boost the nation’s global image in 2024. Adding to its financial contributions, the company also aims to provide some essential supplies for the events organized by the foundation this year. It will start by sponsoring the upcoming “CICI Korea 2024” on Wednesday, an annual award ceremony honori
Jan. 8, 2024
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[Photo News] Era of AI screen
Samsung Electronics Executive President Yong Seok-woo, in charge of the display division, delivers a speech about the company's vision to open the "era of artificial intelligence screen," at the Samsung First Look event held on the sidelines of CES in Las Vegas on Sunday. At the event, the tech giant unveiled its third-generation AI processor, named NQ8 AI, which will support TVs to become the connector and controller of home appliances, as well as the Neo QLED 8K TV featuring the
Jan. 8, 2024
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[Photo News] Wireless, transparent
LG Signature OLED T, the world's first wireless and transparent OLED TV, is displayed at the tech giant's exhibition booth for CES 2024, the world's largest tech show that kicks off in Las Vegas on Tuesday. The 77-inch TV, equipped with the Alpha 11 processor, has upgraded graphics and app processing speed. When turned off, the transparent screen offers openness to the space as well, the company said. (LG Electronics)
Jan. 8, 2024
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[CES 2024] Korean finance giants eye new opportunities at CES
The leaders of Hana Financial Group and Shinhan Financial Group are headed to the CES 2024, the world's largest consumer technology event slated to open in Las Vegas on Tuesday. Hana Financial Group Chairman Ham Young-joo is taking part in the tech event for his second consecutive year. This year, the Hana chief is reportedly taking with him a team of employees in the artificial intelligence sector, in line with the theme of this year's CES, which seeks to highlight the possibilities o
Jan. 8, 2024
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[CES 2024] Merck to unveil vision for 'material intelligence' at CES
Merck, a German-based science and technology company, will present its contributions to advancing the electronics industry through "material intelligence" at CES 2024, the company said Monday. “We are pushing the boundaries of science and technology to make future trends possible. Together with our customers, we enable artificial intelligence,” said Kai Beckmann, a member of Merck's executive board and CEO of the electronics division. “Our customers use our mater
Jan. 8, 2024
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Oriental Brewery seeks to connect with younger generation
South Korea’s largest beer maker, Oriental Brewery, made efforts to broaden its outreach to Generation Z and university students in 2023, in a bid to more closely communicate with young consumers. In November and December, OB CEO Ben Verhaert gave lectures on OB’s marketing strategies at Korea University and Ewha Womans University, where he was able to meet face-to-face with students. Verhaert has built a strong career in the sales and logistics fields at Anheuser-Busch InBev -- the
Jan. 8, 2024
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PM urges cash-strapped Taeyoung to draw up drastic self-rescue plan
Prime Minister Han Duck-soo on Sunday urged Taeyoung Engineering & Construction Co. to come up with a more drastic self-rescue plan to tide over its cash crunch. Taeyoung, the 16th-largest builder in South Korea in terms of construction capacity, applied for a debt restructuring program last month due to a liquidity shortage over real estate project financing loans. Taeyoung Group founder Yoon Se-young unveiled a self-rescue plan Wednesday, but creditors led by the state-run Korea Developmen
Jan. 7, 2024