Most Popular
-
1
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
2
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
3
Army takes group action against Hybe for neglecting BTS
-
4
Debate rages over ‘overly fatty’ samgyeopsal
-
5
Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
-
6
[Weekender] Korean psyche untangled: Musok
-
7
Naver will consider company benefits in deciding on selling Line shares: CEO
-
8
Woman dangling from power lines rescued by residents holding blanket
-
9
Hankook Tire takes over control of Hanon Systems
-
10
[Herald Interview] ‘Time to Be Strong’ follows retired K-pop idols’ self-discovery
-
Korea to host OECD economic forum
South Korea will host a global forum of the Organization for Economic Cooperation and Development in 2012 that will discuss ways to improve the world economy, officials said Wednesday.The OECD Forum on Knowledge Economy will be held in September 2012, involving some 300 government officials, experts and business representatives from around the world, according to the country’s Ministry of Knowledge Economy.“The 2012 forum to be held in the country will focus on industrial development of Asian co
IndustryNov. 30, 2011
-
Google's maps go indoors with new mobile feature
SAN FRANCISCO (AP) _ Google's next frontier in digital mapping will span the world's shopping malls and airports.An upgrade of Google's mobile mapping service released Tuesday includes directions within stores, malls, airports and transit centers in the U.S. and Japan.The initial index only covers a
TechnologyNov. 30, 2011
-
Prada defies financial crisis, sales up thanks to Asia
MILAN, Nov 29, 2011 (AFP) - Italy's fashion brand Prada saw sales increase 25 percent over the first nine months of the year, with Asia reconfirming itself as the main market for luxury goods, the group said Tuesday.Prada Spa, which floated on the Hong Kong stock exchange in June, announced net prof
IndustryNov. 30, 2011
-
Samsung defeats Apple-sought ban on Australia Galaxy Tab sales
Samsung Electronics won its appeal against Apple’s temporary ban on its sales of tablet PCs in Australia, increasing the possibility of a turnaround in the ongoing patent battle between the two.People walk by a Samsung store in Sydney. (AP-Yonhap News)The Federation Court of Australia on Wednesday o
TechnologyNov. 30, 2011
-
STX chief champions stability
STX Group chairman Kang Duk-soo vowed to focus on profits and stable growth to keep the conglomerate afloat amid a somber outlook for the global economy, company officials said Tuesday.Kang, who built the nation’s 12th-largest business group in terms of asset value through aggressive mergers and acquisitions of shipbuilding, shipping and heavy industries companies, announced last month that STX will not push for any large M&As after dropping its bid to buy Hynix Semiconductor. STX affiliates rec
IndustryNov. 29, 2011
-
LG chairman focuses on future growth projects
LG Group chairman Koo Bon-moo is leading the drive to nurture future growth projects as he made his trip to LG Chem’s liquid-crystal display plant in Paju, Gyeonggi Province, on Tuesday.The visit was Koo’s seventh to the group’s part-supplying affiliates’ plants as the chairman is continuing with LG’s efforts to take the lead in the global market. He visited the battery plant for electric vehicles in February, the solar wafer factory in April and the film-patterned retarder 3-D film plant in May
IndustryNov. 29, 2011
-
LGE targets 50% cut in carbon emissions in U.S.
LG Electronics Inc. said Tuesday it aims to halve its greenhouse gas emissions in the U.S. from 2007 levels by 2020 in efforts to boost renewable energy and help combat climate change.The target, which translates to 7,000 metric tons, is the latest in a string of programs adopted by the world’s No. 2 television maker to enhance its environmental credentials amid tightening regulations at home and abroad.To that end, the Korean firm plans to scale up the use of green resources such as wind and bi
IndustryNov. 29, 2011
-
Hi Mart management feud escalates
Shareholders to cast crucial vote on replacing CEO on WednesdayThe management feud between Hi Mart, the nation’s largest electronics appliance retailer, and its major shareholder Eugene Corp. was escalating Tuesday, ahead of a shareholders’ meeting scheduled for Wednesday. Amid fierce resistance from 5,000 Hi Mart employees, shareholders plan to vote on a proposal to replace CEO Sun Jong-koo, the founder and second-largest shareholder of the company. An ad-hoc committee supporting Sun to stay sa
IndustryNov. 29, 2011
-
Shares spike 2.27% on foreign buying
South Korean stocks finished 2.27 percent higher on Tuesday as foreign investors picked up tech exporters and shipyards on eurozone optimism, analysts said. The local currency climbed against the U.S. dollar. The benchmark Korea Composite Stock Price Index advanced 41.24 points to 1,856.52. Trading volume was moderate at 323 million shares worth 6.21 trillion won ($5.41 billion) with 606 gainers leading 229 losers. “Reports that the International Monetary Fund would rescue Italy and the U.S. wou
Nov. 29, 2011
-
Land owned by foreigners increases 1.2 percent in Q3
The amount of land here owned by foreigners grew 1.2 percent in the third quarter, continuing its steady growth since the country opened its real estate market to foreign investors in 1998, the government said Tuesday.As of the end of September, foreigners owned a combined 229.29 square kilometers of land in South Korea, up from the 226.52 square kilometers owned by foreigners at the end of the second quarter, according to the Ministry of Land, Transport and Maritime Affairs.Foreigners’ land own
Nov. 29, 2011
-
New TV channel targets mobile viewers
A new broadcasting station has been set up here to air its original programs exclusively for smartphone users, the channel, Sonbadak TV, said Tuesday. Sonbadak TV, named after the Korean word for “palm,” is the world’s first channel to pump out programming on a regular basis only for mobile TV viewers, it claimed. The channel plans to air live programs for four hours a day from Friday, with well-known TV celebrities such as MBC anchorman Choi Il-koo and comedian Park Myung-soo joining as show ho
IndustryNov. 29, 2011
-
Current account surplus hits 1-year high in October
South Korea’s current account surplus rose to the highest level in one year in October as exports declined on-month at a slower pace than imports, the central bank said Tuesday.The current account surplus reached $4.23 billion October, up from a revised $2.83 billion the previous month, according to the Bank of Korea.The current account is the broadest measure of cross-border trade.The October reading marked the largest surplus since $5.49 billion tallied in October last year.The current account
Nov. 29, 2011
-
Volunteer work highlights KEPCO’s social services
Volunteering has been at the core of Korea Electric Power Corp.’s efforts to fulfill its social responsibility as the nation’s sole supplier of electricity.KEPCO launched its social volunteer corps in May 2004 under the slogan “Light to the World, Love to the Neighbors” for systematic and specialized volunteer services for the underprivileged. About 19,600 KEPCO employees in 272 volunteer groups across the nation take part in a variety of programs for social contribution.The focus of their lates
IndustryNov. 29, 2011
-
Daelim to upgrade refinery in Philippines
Daelim Industrial Co., Korea’s fifth-largest builder, said Tuesday it recently won a $2 billion contract to upgrade a crude refining plant in the Philippines.Under the deal with Petron Corp., the Southeast Asian country’s largest refiner, Daelim will be in charge of engineering, procurement and construction of the factory in Limay, 150 kilometers southwest of Manila, by early 2014.When completed, the facility will be able to churn out more profitable petrol products by converting heavy distillat
IndustryNov. 29, 2011
-
Global IT gurus search for Korean partnerships
Top executives of U.S. companies make successive visits for cooperationNovember has been an especially busy month for the local IT industry with a number of IT gurus from the U.S. visiting Korea, intending to devise business plans for next year.The visits started with Eric Schmidt, chairman of Google Inc., who arrived for the second time in Seoul since 2007, followed by Qualcomm chairman Paul Jacobs and Microsoft International’s president Jean-Philippe Courtois later in the month.The government,
TechnologyNov. 29, 2011
-
Kim nominated to head life insurers’ association
Kim Gyu-bok, a former chairman & CEO of the Korea Credit Guarantee Fund, has been nominated as the only candidate for chairman of Korea Life Insurance Association.The 60-year-old, who is expected to replace the current KLIA chairman Lee Woo-chul, will be appointed to the post on Dec. 5, according to the life insurance lobby.Born in 1951 in Gimhae, South Gyeongsang Province, Kim graduated from Seoul National University and University of Pennsylvania.He had mostly served in government as a public
Nov. 29, 2011
-
Hyundai charity to back startup hopefuls
Asan Sharing Foundation, a charity founded by Hyundai Heavy Industries and its affiliates, launched an institution on Tuesday in Seoul to help nurture young entrepreneurs.The institution is the maiden project for the charity, which was set up last month by Hyundai Heavy’s largest stakeholder, Rep. Chung Mong-joon of the ruling Grand National Party, and chiefs of the shipbuilder’s affiliates with 500 billion won ($435.8 million). Asan is the pen name of late Hyundai Group founder Chung Ju-yung.Lo
IndustryNov. 29, 2011
-
FSC staff opposed chief on Lone Star ruling
Financial Services Commission chief Kim Seok-dong pushed ahead with the decision to impose a “mild sanction” on Lone Star Funds despite some working-level officials’ resistance, financial sources said.The sources said Kim finalized the heated issue on how to sanction the U.S. buyout fund, convicted of stock manipulation, despite reluctance among a group of investigators in the FSC.“I have found that the staff were unwilling to (issue a light sanction),” a former high-ranking official of the FSC
Nov. 29, 2011
-
Hanwha Pharma awarded “Best Family Friendly Management” by gender ministry
Hanwha Pharma Co. was recognized as a “Best Family Friendly Management” company by the Ministry of Gender Equality and Family Affairs on Nov. 22.The company is the first small to medium-sized pharmaceutical firm to be awarded such an accreditation.The “Best Family Friendly Management” award is given
TechnologyNov. 29, 2011
-
Australian air safety bureau probes smoking iPhone
Australia's aviation safety watchdog said Tuesday it was investigating after an Apple iPhone apparently began glowing red and emitting smoke after a flight to Sydney last week.Australian carrier Regional Express (Rex) said a passenger's mobile "started emitting a significant amount of dense smoke, a
TechnologyNov. 29, 2011