Most Popular
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Lee Jong-sup resigns as envoy to Australia
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Yellow dust engulfs S. Korea, advisory alert issued
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S. Korea to boost support for single-parent families
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Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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Brokerages see possible Jan. upturn
Korean brokerages said Wednesday the local stock market is likely to gain in January helped by renewed optimism over the U.S. and Chinese economy. “Expectations are building upon the possibility that the U.S. economy would manage to pull off sustainable growth next year,” said Hong Soon-pyo, analyst Daishin Securities. Despite the gloomy factors that plagued investors this year, the U.S. market is poised to benefit from improved manufacturing indicators, better outlooks for jobs and the housing
Dec. 28, 2011
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Korea bracing for fiercer competition under FTAs
South Korea will likely face a markedly changed business environment next year as it is poised to enforce a long-standing free trade agreement with the U.S. that would open up its market and eventually lead to gloves-off competition down the road.The country signed the deal, known as the KORUS FTA, in 2007 but had to wait for years until late November for parliamentary approval due to objections from opposition lawmakers and civic groups. The U.S. Congress approved the pact in October, paving th
Dec. 28, 2011
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‘BlackBerry won’t lose out in Korean market’
RIM Korea aims to continue this year’s sales momentum to strengthen presence here A growing number of Koreans may be tiring of the fierce rivalry between Samsung Electronics’ Galaxy and Apple’s iPhone here. Amid the cutthroat competition to dominate the small but crucial Korean market, Research In Motion enjoyed a boom in its BlackBerry sales this year. "Korean customers are very smart and demanding. They look for something special and distinctive and with BlackBerry they would get that," Norm L
IndustryDec. 28, 2011
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Foreign firms say they too help those in need
In this time of giving, not only Korean conglomerates, but also some foreign companies and their chambers here are eager to engage in charitable activities.Countering the local media’s criticism of their “lackluster giving,” members of the foreign business community said they do help those in need.“We do a lot of charitable activities but we don’t receive a lot attention, and then we get a lot of criticism that companies are not giving back, which is not true,” said American Chamber of Commerce
Dec. 28, 2011
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Strike may hit LG Display-Apple ties
But LG Display sees little impact of China factory strike on supply of display panels for iPad 3Concerns are rising that the strike at LG Display’s factory in China may deal a blow to its supply of LCD panels to Apple if the labor dispute is prolonged, industry sources said on Wednesday.About 8,000 Chinese workers at the company’s Nanjing plant have been staging a strike, demanding fair incomes compared to their Korean colleagues, as well as year-end incentives.The strikers attempted to engage i
IndustryDec. 28, 2011
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Study points to origin of syphilis
ATLANTA, Dec. 20 (UPI) -- A study has confirmed syphilis did not exist in Europe before Columbus made his 1492 voyage, and it came back with his crew, researchers say.Anthropologists at Emory University say they re-analyzed European skeletons that some previous researchers said proved syphilis exist
TechnologyDec. 28, 2011
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Samsung, LCD makers agree to pay $538.6 million to settle antitrust claims
Sharp Corp., Samsung Electronics Co. and five other makers of liquid crystal display panels used in computers and televisions agreed to pay $538.6 million to settle antitrust claims by indirect purchasers. Earlier this month, the panel makers agreed to pay $388 million to settle price-fixing cl
IndustryDec. 28, 2011
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Starbucks wins Kraft appeal over coffee deal
IndustryDec. 27, 2011
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IKEA secures site to enter Korean market
Swedish home furnishing giant IKEA said Tuesday it bought a building site in Gwangmyeong, a satellite city of Seoul, as part of preparations for the opening of a store in two to three years. “I am very happy to announce that IKEA took a historical step today in investing in one of Asia’s most dynamic lifestyle markets,” Korea chief Patrick Schuerpf said in a statement.“We see this as a great partnership opportunity with the government of Gwangmyeong city, and we are looking forward to enabling K
IndustryDec. 27, 2011
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8,000 Chinese workers strike at LG Display’s Nanjing plant
About 8,000 Chinese workers at LG Display’s Nanjing plant are staging a strike, calling for “fair treatment” from management, according to China’s largest portal site on Tuesday.Sina.com said the strikers took to streets on Monday and now are in talks with management to settle the labor dispute. LG Display, the world’s leading LCD maker, has three module manufacturing plants in China with the other two located in Guangzhou and Yantai.The strike started after the Chinese workers claimed that they
IndustryDec. 27, 2011
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KDB to acquire HSBC Korea unit soon: Kang
KDB Financial Group has reportedly made a preliminary contract with HSBC to take over the U.K.-based bank’s retail operations in Seoul.Group chairman Kang Man-soo told reporters Tuesday that the two parties have already concluded a memorandum of understanding.Over the past few months, the state-run group’s flagship unit, Korea Development Bank, has been striving to acquire 11 retail branches of HSBC Korea.Kang had vowed to buy a local bank as part of efforts to privatize the group and beef up it
Dec. 27, 2011
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Achieving brand credibility from customers
Satisfaction with products and brand confidence affect customer loyaltyBrand loyalty can be defined as customers’ repeated behavior of buying certain brands’ products. And this is the final goal of brand management. But this raises a question: What are the factors to decide customer loyalty?To understand it, we first have to look at the procedure of how consumers purchase products. Before deciding what to buy, customers ask their friends and families about the product they have in mind. Once the
IndustryDec. 27, 2011
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Banyan, luxury in city’s heart
Banyan Tree Club & Spa Seoul is the first hotel the Banyan Tree Group has built in the heart of the city. The group, which operates hotels and resorts in more than 20 countries around the world, built the hotel at the foot of Seoul’s Mount Namsan last year, envisioning an “urban resort.” Home to a high-end social community of Korea, the mountain area presents a feeling of exclusiveness to those who visit the hotel. Offering an incomparable and unforgettable view of Mount Namsan and the surroundi
IndustryDec. 27, 2011
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Renovated Ritz-Carlton offers supreme service
Located in Southern Seoul, the Ritz Carlton Seoul has been considered one of Korea’s finest hotels since its establishment in 1995.The property, which recently renovated its celebrated Chinese restaurant “Chee Hong” and the fitness club, is only minutes from the headquarters of well-known Korean conglomerates, including POSCO, Samsung and LG, along with some 3,000 global brands. In December, the hotel celebrated the re-opening of its high-end Chinese restaurant Chee Hong, which was temporarily c
IndustryDec. 27, 2011
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Nutrilite promises best of nature, best of science
Nutrilite has become a leader in vitamins and supplements. Having introduced its first product in 1934, its products are currently sold in some 80 countries around the world and consumed by millions of people every day. Nutrilite, one of the best-selling brands of Amway, has 77 years of history in nutrition research, development and innovation. This rich heritage is preserved by a new generation of scientists, researchers and technicians. Under the slogan “The Best of Nature, the Best of Science
IndustryDec. 27, 2011
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Hanatour, a trailblazer in domestic travel industry
Hanatour Service Inc. has been the nation’s largest travel company in terms of overseas trip and air ticket sales for 13 years in a row.Hanatour has 15 affiliated companies at home and 30 overseas arms, and plans and supplies some 140,000 travel packages to about 7,000 travel agencies including 1,200 Hanatour agencies. Having been the first travel company to be listed on the KOSDAQ in 2000, Hanatour moved to the KOSPI in November this year. In 2006, it was listed on the London Stock Exchange, on
IndustryDec. 27, 2011
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Somerset Palace Seoul offers unsurpassed luxury, comforts
Nestled in the heart of Seoul’s diplomatic, business and financial districts, Somerset Palace Seoul sits beside the tranquil and picturesque Gyeongbok Palace. It is located in an ideal spot for a leisurely stroll to the myriad of restaurants, shopping arcades and entertainment outlets along the nearby Insa-dong and Jongno area. Other parts of Seoul are easily accessible as well by hopping on the metros at Anguk, Jonggak and Gwanghwamun stations all within five-minute walks from the serviced resi
IndustryDec. 27, 2011
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Oakwood Premier Coex mixes comforts of home and hotel
Located in Samseong-dong, one of the fastest growing commercial and financial centers in Seoul, Oakwood Premier Coex Center Seoul offers 280 furnished apartment suits, ranging from studios to four bedroom penthouses. It was first launched in 2002 as Seoul’s first deluxe furnished serviced residence, combining luxurious hotel service with the spaciousness of a private home. The property’s silhouette can be viewed prominently on southern Seoul’s skyline, along with the City Air Terminal, COEX Conv
IndustryDec. 27, 2011
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Singapore Airlines, world’s best airline
Singapore Airlines has earned a reputation as a leader in the global aviation industry and received numerous awards due to its commitment to customer service and innovation.Premium customer service is integral to Singapore Airlines’ success. Symbolized by the “Singapore Girl,” the marketing icon is one of the most instantly recognized figures in the global airline industry. This gives the company a great advantage over its competitors. Singapore Airlines’ network stretches across 103 destination
IndustryDec. 27, 2011
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DMC Ville, the choice for long stay
Situated in the Digital Media Complex near the Sangam World Cup Stadium in Sangam-dong, northwestern Seoul, DMC Ville is a set of fully furnished serviced apartments especially suitable for foreign businessmen and visitors. If one is planning to stay in Seoul for more than a month and need a place where one can feel at home in the bustling city, DMC Ville would be the best choice. The serviced apartment features high-quality suites and luxurious facilities with 175 spaciously designed apartments
IndustryDec. 27, 2011