Most Popular
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Samsung entangled in legal risks amid calls for drastic reform
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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Seoul blanketed by heaviest Nov. snow, with more expected
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
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Samsung shakes up management, commits to reviving chip business
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K-pop fandoms wield growing influence over industry decisions
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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Korea's auto industry braces for Trump’s massive tariffs in Mexico
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Seoul's first snowfall could hit hard, warns weather agency
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
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Kid CT scans linked to small leukemia risk
Children and teens scanned multiple times by computed tomography have a somewhat increased risk of leukemia and brain tumors, U.S. and British researchers say.Senior investigator Amy Berrington de Gonzalez of the Division of Cancer Epidemiology and Genetics at the National Cancer Institute and colleagues at Newcastle University in England obtained CT exams from radiology departments in hospitals a
TechnologyJune 8, 2012
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Conglomerates work out contingency plans
Korea’s conglomerates are busy mapping out contingency plans to cope with unfavorable scenarios due to by the eurozone fiscal crisis.They, including Samsung Group, are set to diversify export destinations in a shift from their earlier focus on Europe and the United States.Samsung Electronics, the flagship unit of Samsung Group, is closely monitoring the situation as more and more eurozone countries see poor consumer sentiment.Though the 2012 London Olympic Games are scheduled to kick off in late
IndustryJune 7, 2012
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Collaboration key on nanotech: expert
A top U.S. nanotechnology expert called for greater collaboration among countries and disciplines to deliver its potential to revolutionize computing, electronics, medicine, energy, environment and even agriculture.Nanotechnology is a fast-developing field of engineering that deals with manipulating materials of atomic and molecular size. One nanometer is one-billionth of a meter. The technology is finding its way into an increasingly wider range of industries with the convergence of diverse fi
TechnologyJune 7, 2012
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Listed firms’ debt-repaying ability worsens: data
South Korean listed companies’ ability to pay back their debt deteriorated in the first quarter as their earnings declined amid increased bond issues, data showed Thursday.The average interest coverage ratio of 635 firms listed on the main bourse came to 4.33 in the three-month period, down from 5.58 a year earlier, according to the data by the Korea Exchange and the Korea Listed Companies Association.The ratio, a firm’s operating profit divided by its interest costs, measures the company’s abil
June 7, 2012
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SK E&S acquires $310m stake in gas field in northern Australia
SK E&S Co., the gas distribution arm of South Korea’s SK Group, agreed to buy a 37.5 percent stake in gas fields off northern Australia from ConocoPhillips and Santos Ltd. for $310 million.The stake in the Barossa and Caldita fields in the Bonaparte Basin may be raised to 49.5 percent should exploration drills prove they have sufficient reserves, the Seoul-based company said in a statement. The investment cuts Houston-based ConocoPhillips’ stake to 37.5 percent and Adelaide-based Santos’s holdin
IndustryJune 7, 2012
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GNI growth slows in Q1: central bank
South Korea’s gross national income grew at a slower pace in the first quarter due mainly to worsening terms of trade, the central bank said Thursday.According to the national income statistics report by the Bank of Korea, the country’s real GNI edged up 0.2 percent from the previous three-month period, while gaining 2.5 percent from the year before.The increase marks a slowdown from 1 percent on-quarter growth tallied in the fourth quarter and a 0.6 percent gain reported for the third quarter.“
June 7, 2012
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Samsung pushes U.S. sales of Galaxy S3
Korean firm to launch handset on June 21 in spite of Apple’s sales ban requestSamsung Electronics said on Thursday that it will launch its new flagship smartphone Galaxy S3 in the U.S. market this month as scheduled, while its rival Apple Inc. is seeking to impose a sales ban on it.“We’re going to prove that the new Galaxy S3 is a unique and innovative product developed by Samsung Electronics and we plan to launch the new handset in the U.S. market as scheduled,” said a Samsung official.The Kore
IndustryJune 7, 2012
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Telecoms’ backlash against Kakao Voice Talk rolls on
SKT, KT opposed, LG Uplus open to free mobile callsKakao’s controversial free mobile call application is facing growing opposition from Korea’s two telecom giants, SK Telecom and KT, as the venture firm’s new service is expected to hit their bottom lines.Kakao, which is widely known for its Kakao Talk free mobile messenger app, is gearing up to officially launch the next in its line of free mobile services, Voice Talk. Following this announcement three days ago, SK Telecom and KT remain adamant
TechnologyJune 7, 2012
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Samsung chief stresses persistent challenges
Samsung Electronics chairman Lee Kun-hee told the conglomerate’s new recruits to continuously challenge themselves during a three-day workshop held in North Jeolla Province which started Wednesday.“What is most important to new employees beginning the new chapter in their lives is to set up future goals and take on continuous challenges,” he said in a video message to the group.The workshop, held for the 26th time this year, was attended by 8,000 new employees hired at Samsung affiliates as well
IndustryJune 7, 2012
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SKT, KT set milestone record in LTE users
SK Telecom said on Thursday that the number of its long term evolution network subscribers has exceeded 3 million as of early this month since launching the 4G telecommunication service in July last year.Within 11 months, Korea’s biggest mobile carrier has surpassed Japan’s NTT DoCoMo to become the world’s second leading LTE provider after U.S.-based Verizon, it said based on data by Wireless Intelligence.There were 72 companies that provided LTE services in 37 countries as of May, the company n
TechnologyJune 7, 2012
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Choi to lead Samsung Group’s control tower
Kwon takes over CEO post at Samsung ElectronicsSamsung Group announced on Thursday that it has made its flagship electronics arm’s vice chairman and chief executive Choi Gee-sung the head of the group’s corporate strategy office, a de facto control tower of the nation’s top conglomerate. The group also named Samsung Electronics’ other vice chairman Kwon Oh-hyun as the new CEO of the world’s top television and smartphone maker, ending the so-called “two-top” system with Choi.“Since Samsung Electr
IndustryJune 7, 2012
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Korea’s IT exports shrink 3% in May
South Korea’s exports of information technology products contracted 3 percent on-year in May due to sluggish global economic growth and fewer products shipped to the United States and Japan, the government said Thursday.The country shipped $12.94 billion worth of IT products last month, compared with $13.35 billion a year earlier, according to the Ministry of Knowledge Economy. However, the country posted a trade surplus of $6.57 billion as imports also fell 8.4 percent to $6.37 billion. May’s o
TechnologyJune 7, 2012
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Korea computer game giant takes on U.S. mobile market
LOS ANGELES (AFP) ―South Korea-based WeMade Entertainment went shoulder-to-shoulder Wednesday with titans at the E3 videogame extravaganza in Los Angeles with games designed to bring computer-quality play to smartphones or tablets.The 12-year-old company behind massively-multiplayer-online-role-player-game “Legend of Mir” planned to ride into the US market on the back of the mobile gadget lifestyle.The game has been a hit in Asia, particularly in China, and boasts more than 100 million players.“
TechnologyJune 7, 2012
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Samsung to newly invest in system semiconductor line
Samsung Electronics announced Thursday that it will newly invest 2.25 trillion won ($1.92 billion) to build a new production line for system semiconductors at its plant in Hwaseong, Gyeonggi Province.In a regulatory filing, the company decided to go ahead with the new production line due to rising demands for system semiconductors. It plans to manufacture mobile application processors that have applied the 20-nanometer and 14-nanometer advanced technologies through the 300-millimeter wafer fabri
IndustryJune 7, 2012
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Shares jump 2.56% on global stimulus hopes
South Korean stocks jumped 2.56 percent Thursday on predictions that Europe and the United States may make a concerted effort to tackle fiscal woes and implement measures to boost growth, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index soared 46.10 points to 1,847.95, marking the second straight session of gains. Trading volume was light at 377 million shares worth 5.81 trillion won ($4.96 billion), with gainers clearly outpacing los
June 7, 2012
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Cyber patent office to connect offices worldwide
Pact streamlines patent applications for Korea, JapanPatent applicants will soon be able to log into a cyber patent office that allows access to information on patent deliberations under way at patent offices worldwide. The Five IP Offices, known as IP5, including the Korea Intellectual Property Office, European Patent Office, Japan Patent Office, State Intellectual Property Office of the People’s Republic of China and United States Patent and Trademark Office, agreed this week on establishing a
IndustryJune 7, 2012
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KCCI members vow action for economic recovery
Regional representatives of the Korea Chamber of Commerce and Industry gathered in Yeosu, South Jeolla Province, on Thursday, to discuss ways to revive the domestic economy and contribute to the success of the world exposition being held in the city.The meeting, held at the MVL Hotel Yeosu, was attended by 14,000 representatives from KCCI’s 71 regional chambers, as well as KCCI chairman Sohn Kyung-shik. “Sluggish exports and a stagnant economy are contributing to difficulties in the domestic ma
June 7, 2012
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Imported beer outstrips traditional drinks’ sales
Imported beer topped traditional beverages in sales for the first time in 12 years at a local discount chain.Sales of imported beer in April and May were 10.3 percent greater than that of traditional alcoholic beverages such as makgeolli (rice wine) and fruit wine, Lotte Mart said Thursday.Until 2005, sales of foreign beer amounted to only about a quarter of traditional beverage sales. Imports accounted for merely 3.4 percent of beer sales back in April and May 2000. The share rose to 16.2 perce
IndustryJune 7, 2012
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FSC chief confident of Seoul win over Lone Star
Kim Seok-dong, chairman of the Financial Services Commission, said Thursday he was “100 percent” confident the Seoul government would win a case against Lone Star Funds over its claim for damages regarding the sale of Korea Exchange Bank.Lone Star Funds said last month it will initiate arbitration for its claim against the Korean government for delaying the sale of the Dallas-based private equity firm’s controlling stake in KEB. “The Korean government will win under any circumstance, even if it
June 7, 2012
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Tourist attractions in Gochang
SeonunsaSeonunsa, or Seonun Temple, is a 1,000-year-old historic temple located in Mount Seonun Provincial Park. The name Seonun means zen mediation in the clouds. The temple, called one of the most beautiful temples in Korea, is surrounded by scenic beauty with camellia, maple trees and many interesting rocks and unique stones.The historic temple was founded in 577 during the Baekje Kingdom era. Mater Kumdan used to teach locals on traditional salt and paper making as well as Buddhism in order
IndustryJune 7, 2012
