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Korea's tourism balance hits historic low in July

South Korea saw its greatest deficit ever in tourism balance in July this year, with the imbalance expected to continue amid tensions with China and North Korea, and the upcoming Chuseok holiday luri...

Sept 5, 2017
Industry
KT&G offers W3b to young entrepreneurs

Cigarette maker KT&G is offering 3 billion won ($2.65 million) to help fund young entrepreneurs creating social enterprises, according to the company Tuesday. From left: KT&G chief of sustainability...

Sept 5, 2017
Industry
SME leaders call for govt. support ahead of high costs, low productivity

South Korea's small and medium-sized enterprise leaders called on the government Tuesday to provide more support in the face of an increased minimum wage and reduced working hours that will impact th...

Sept 5, 2017
Industry
[News Focus] Why smartwatches failed to hit mainstream

It been three years since Apple CEO Tim Cook said “the Apple Watch is most personal device we’ve ever created,” and smartwatches have evolved to become smarter, sleeker and more stylish. They now sp...

Sept 5, 2017
Industry
[Monitor] Korea‘s longest submarine tunnel being constructed

Boryeong and Taean will be connected with the country’s longest submarine tunnel as well as a bridge, together spanning some 14.1 kilometers, in South Chungcheong Province. The construction plan is ...

Sept 5, 2017
Industry
Kumho Tire creditors reject Doublestar‘s demand of price cut

(Yonhap) A yearlong negotiation between creditors of Kumho Tire and Qingdao Doublestar hit a major snag on Tuesday, as the former group rejected the Chinese company’s demand of cutting down its bid ...

Sept 5, 2017
Industry
Refiners set to report strong Q3 earnings

South Korean oil refiners, led by SK Innovation Co., are expected to report stronger-than-expected earnings for the third quarter of the year on the back of good refining margins and solid demand for...

Sept 5, 2017
Industry
Korea recaptures top spot in global shipbuilding orders in August

South Korean shipyards recaptured the No. 1 position in new orders worldwide in August amid a plunge in overall numbers, industry data showed Tuesday. According to the data compiled by global resear...

Sept 5, 2017
Industry
Ice cream sales fall amid fewer children, popular alternatives: report

South Korea's ice cream sales have declined in the past few years in the face of fewer children and the growing popularity of alternatives, such as ice coffee and shaved ice, a report said Tuesday. ...

Sept 5, 2017
Industry
Yuhan-Kimberly queries validity of sanitary pad toxicity study

Personal care products company Yuhan-Kimberly on Monday released an official statement questioning the validity of a study conducted last year on the toxicity of sanitary pads being sold in Korea. “...

Sept 4, 2017
Industry
Lotte considers pulling out of Incheon Airport

Lotte Duty Free is considering pulling its duty-free business out of Incheon Airport’s Terminal 1 in the wake of falling sales, according to an official with the company Monday. “We are in the midst...

Sept 4, 2017
Industry
Daewoo Shipbuilding wins W470b order for 5 oil tankers

Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Monday that it has secured a 470 billion won ($420 million) order to build five very large crude carriers. Under the deal wi...

Sept 4, 2017
Industry
Foreign companies remain calm, on guard over NK risk

With North Korea’s latest nuclear test accelerating geopolitical tension, foreign companies operating here on Monday expressed concerns over Pyongyang’s continued threat, but were seen to remain calm...

Sept 4, 2017
Industry
SK chief’s daughter to wed in October

Chey Yun-jeong SK Group chairman’s daughter will tie the knot with an official of an IT venture firm on Oct. 21, the group said Monday. Chey Yun-jeong, 28, is Chairman Chey Tae-won’s eldest child f...

Sept 4, 2017
Industry
KAERI inks deals with local companies to dismantle Kori-1 reactor

South Korea's state-run atomic energy institute said Monday it has signed contracts with several local firms for the development of the technology to dismantle the country's first decommissioned nucl...

Sept 4, 2017
Industry

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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