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Jobless rate reaches 3.9% in June, 299,000 jobs created

South Korea's jobless rate reached 3.9 percent in July despite nearly 300,000 new jobs added, government data showed Wednesday. The unemployment rate increased 0.2 percentage point from the same mon...

Aug 14, 2019
Economy
Court rejects Kolon's petition on gene therapy drug Invossa

A Seoul court on Tuesday turned down a request by Kolon Life Science to suspend the government's decision to prohibit the production and sale of its gene therapy drug Invossa. The firm initially rec...

Aug 13, 2019
Industry
Amid gloomy outlook, system chips a bright spot in global semiconductor market: report

While the majority of memory chip products have a negative growth outlook, a few high-end system-on chips are forecast to lead the global semiconductor market this year, according to a report Tuesday...

Aug 13, 2019
Technology
[Photo News] Starbucks honors independence patriots

Starbucks Korea said Tuesday that it has donated a piece of handwriting by Korean independence activist Dosan Ahn Chang-ho during an event to support and protect independence patriots, their descenda...

Aug 13, 2019
Industry
LG Electronics introduces ‘safer’ solar ESS

LG Electronics said Tuesday it has launched a 100 kilowatt all-in-one energy storage system that operates on solar power. According to the company, the new system can store electricity that 30 house...

Aug 13, 2019
Industry
Leadership reshuffles to sweep across banking industry

The Korean financial circle is expected to undergo extensive reshuffling in the upcoming months as the chief executive officers of major banking groups will finish their terms early next year. Among...

Aug 13, 2019
Finance
Korea to toughen rules on cross-border M&As concerning key tech

Stronger regulations may result in excessive injection of public funds in struggling firms

Aug 13, 2019
Industry
AI-powered recruitment becomes popular in Korea

With artificial intelligence transforming industries and businesses, South Korean companies are embracing the technology in their recruiting processes. Ranging from tech companies to financial fir...

Aug 13, 2019
Technology
Rival mobile carriers join hands, challenge KakaoTalk with upgraded messaging service

Collaboration among rival carriers could breach rules of fair competition, industry sources warn

Aug 13, 2019
Technology
E-Mart to sell assets, buy back stocks amid grim outlook

E-Mart Inc. said Tuesday that it plans to raise 1 trillion won($820 million) by selling assets as the country's top retailer is struggling with falling profitability amid increased competition with e...

Aug 13, 2019
Industry
Posco’s high-end cryogenic steel for LNG tanks gets green light

The government has approved the use of Posco’s cryogenic high manganese steel for manufacturing liquefied natural gas storage tanks, the company said Tuesday. The decision made after a review by an ...

Aug 13, 2019
Automode
BAT Korea launches vaping e-cigarette Glo sens

British American Tobacco launched a fusion technology-based hybrid e-cigarette Glo Sens on Tuesday in South Korea, seeking to counter competition from KT&G’s Lil Vapor and American startup Juul Labs’...

Aug 13, 2019
Industry
Hyundai Mobis to supply homegrown radar, camera sensor for commercial vehicles

South Korean auto parts maker Hyundai Mobis said Tuesday it will supply collision-warning features including radar and camera sensors, developed in-house, for Hyundai Motor’s commercial vehicles star...

Aug 13, 2019
Automode
Tesla Model 3 launches in Korea

US carmaker Tesla Motors’ Model 3 landed in South Korea on Tuesday, with the local branch starting to receive orders via its website. The price of the Model 3 starts from 52 million won ($43,000) wi...

Aug 13, 2019
Automode
KRX to launch Kospi 200 weekly options

South Korea’s bourse operator Korea Exchange (KRX) said Tuesday it will introduce weekly options contracts based on the Kospi 200 index on Sept. 23, in a bid to boost the local derivatives market. T...

Aug 13, 2019
Finance

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