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Korea Herald
an hour ago
- Business
- Korea Herald
Haribo opens Asia's 1st offline store in S. Korea
German confectionery company Haribo opened a dedicated offline store in South Korea on Wednesday, marking the brand's first standalone outlet in Asia as it seeks to meet growing demand in the region's fourth-largest economy. Haribo, the world's leading manufacturer of fruit gummy products, has sold its products in South Korea for more than a decade. In early 2023, it established Haribo Korea Ltd. to expand its presence in the local jelly gum market. South Korea has become Haribo's largest market in Asia in recent years, a company spokesperson said, without disclosing specific sales figures. The company plans to increase the number of offline stores nationwide over the long term, the spokesperson added. The flagship store, Asia's first, is located at Shinsegae Simon Premium Outlets in Yeoju, about 65 kilometers southeast of Seoul. (Yonhap)
Korea Herald
2 hours ago
- Business
- Korea Herald
Trump says pharmaceutical tariffs might come at the end of the month
US President Donald Trump said Tuesday that his administration might start imposing tariffs on pharmaceutical imports at the end of the month, while noting the timeline for duties on semiconductors was "similar" to that of those on pharmaceuticals. Trump made the remarks, suggesting that his administration will phase in the tariffs on pharmaceuticals to allow time for companies to construct their production facilities in the United States. "Probably at the end of the month and we are going to start off with a low tariff and give pharmaceutical companies a year or so to build, and then we're going to make it a very high tariff," he said during a press availability after returning from a public event in Pittsburgh. He said that the implementation schedule for tariffs on semiconductors was similar but did not elaborate. Last week, Commerce Secretary Howard Lutnick said that the Trump administration will complete its national security probes into semiconductor and pharmaceutical imports at the end of this month -- an indication that Trump's tariff announcements on the imports might be approaching. Lutnick was referring to the investigations that he initiated in April under Section 232 of the Trade Expansion Act of 1962. Under the law, the president is provided with authority to adjust imports into the US when he determines they threaten to impair national security. (Yonhap)
Korea Herald
3 hours ago
- Politics
- Korea Herald
Special counsel to question Marine investigator as witness
Special Prosecutor Lee Myeong-hyeon's team looking into the 2023 death of a young Marine said Wednesday it plans to question a former Marine investigator, who led a probe into the death case, as a witness. Col. Park Jung-hun will appear at the special counsel's office in the afternoon to be questioned about the allegations that top military officials and the presidential office intervened in his initial probe of the death of Cpl. Chae Su-geun, who died while searching for torrential rain victims in July 2023. Lee's team has been investigating former President Yoon Suk Yeol on charges of pressuring then Defense Minister Lee Jong-sup to change the results of Park's investigation. Park was indicted on insubordination charges after rejecting the pressure from above but was acquitted by a district court early this year. He was recently reinstated to his previous position. (Yonhap)
Korea Herald
12 hours ago
- Sport
- Korea Herald
S. Korea lose to Japan to fall short of East Asian football title at home
South Korea came up short of winning their sixth East Asian men's football title at home Tuesday after losing to Japan 1-0 in the finale. Ryo Germain scored the match's lone goal in the eighth minute of the teams' final contest at the East Asian Football Federation (EAFF) E-1 Football Championship at Yongin Mireu Stadium in Yongin, some 40 kilometers south of Seoul. Japan, world No. 17, won the four-nation tournament with nine points, having earlier beaten Hong Kong 6-1 and China 2-0. South Korea, who defeated China 3-0 and Hong Kong 2-0, finished as the runners-up with six points in front of 18,418 fans. This was the 10th edition of the top EAFF tournament and Japan have now won three titles, two behind South Korea. This was a must-win match for 23rd-ranked South Korea, while Japan, with a two-goal edge over South Korea in goal difference entering Tuesday, only needed a draw for their second consecutive EAFF title. South Korea now have 42 wins, 23 draws and 17 losses against Japan, and have dropped three straight matches against Japan for the first time. Japan have outscored South Korea 7-0 in those three wins. After giving a dozen players their first international caps over the two earlier matches, South Korea head coach Hong Myung-bo went with a more experienced group to start this match, with midfielder Seo Min-woo being the only one with fewer than five caps entering Tuesday. Japan opened the scoring in the eighth minute with Germain's goal, about a minute after Na Sang-ho hit the right post on a counterattack opportunity for South Korea. Yuki Soma sent a cross into the crowded box from the left side, and defender Lee Tae-seok failed to keep Germain in check, as the forward volleyed the ball home with his left foot. It was Germain's tournament-leading fifth goal. Japan took advantage of some sloppy plays by South Korea in the defensive zone to keep generating chances, though they lacked the finishing touch in the box. Aside from Na's near-goal, South Korea didn't threaten to score the rest of the first half. South Korea applied some pressure in the early moments of the second half but still couldn't break through. Hong made several offensive-minded substitutions midway through the second half, and one of the reserves, forward Lee Ho-jae, had the team's best opportunity in the 84th minute. After fellow substitute Oh Se-hun headed down a long pass, Lee fired an acrobatic, flying volley from close range. But goalkeeper Keisuke Osako was up to the task, making a diving save to keep Japan ahead. Lee then missed the net wide left with a header just before the final whistle blew. (Yonhap)
Korea Herald
14 hours ago
- Sport
- Korea Herald
S. Korea lose to Japan to fall short of E. Asian football title at home
South Korea came up short of winning their sixth East Asian men's football title at home Tuesday after losing to Japan 1-0 in the finale. Ryo Germain scored the match's lone goal in the eighth minute of the teams' final contest at the East Asian Football Federation (EAFF) E-1 Football Championship at Yongin Mireu Stadium in Yongin, some 40 kilometers south of Seoul. Japan, world No. 17, won the four-nation tournament with nine points, having earlier beaten Hong Kong 6-1 and China 2-0. South Korea, who defeated China 3-0 and Hong Kong 2-0, finished as the runners-up with six points in front of 18,418 fans. This was the 10th edition of the top EAFF tournament and Japan have now won three titles, two behind South Korea. This was a must-win match for 23rd-ranked South Korea, while Japan, with a two-goal edge over South Korea in goal difference entering Tuesday, only needed a draw for their second consecutive EAFF title. South Korea now have 42 wins, 23 draws and 17 losses against Japan, and have dropped three straight matches against Japan for the first time. Japan have outscored South Korea 7-0 in those three wins. After giving a dozen players their first international caps over the two earlier matches, South Korea head coach Hong Myung-bo went with a more experienced group to start this match, with midfielder Seo Min-woo being the only one with fewer than five caps entering Tuesday. Japan opened the scoring in the eighth minute with Germain's goal, about a minute after Na Sang-ho hit the right post on a counterattack opportunity for South Korea. Yuki Soma sent a cross into the crowded box from the left side, and defender Lee Tae-seok failed to keep Germain in check, as the forward volleyed the ball home with his left foot. It was Germain's tournament-leading fifth goal. Japan took advantage of some sloppy plays by South Korea in the defensive zone to keep generating chances, though they lacked the finishing touch in the box. Aside from Na's near-goal, South Korea didn't threaten to score the rest of the first half. South Korea applied some pressure in the early moments of the second half but still couldn't break through. Hong made several offensive-minded substitutions midway through the second half, and one of the reserves, forward Lee Ho-jae, had the team's best opportunity in the 84th minute. After fellow substitute Oh Se-hun headed down a long pass, Lee fired an acrobatic, flying volley from close range. But goalkeeper Keisuke Osako was up to the task, making a diving save to keep Japan ahead. Lee then missed the net wide left with a header just before the final whistle blew. (Yonhap)
