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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Korea's auto industry braces for Trump’s massive tariffs in Mexico
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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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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Dragon makes history with space station docking
The private company SpaceX made history with the docking of its Dragon capsule to the International Space Station, the most impressive feat yet in turning routine spaceflight over to the commercial sector.The docking Friday marked the first time a business enterprise delivered a supply ship to the space station.“There's so much that could have gone wrong and it went right,” said an elated Elon Mus
TechnologyMay 27, 2012
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Yeosu Expo visitor turnout surpasses 50,000 mark on Friday
The 2012 Yeosu Expo, which has been struggling with low turnouts, reported over 50,000 visitors entering the fairground for the first time on a weekday, organizers said Saturday.Organizers said the number of visitors reached 54,474 on Friday, with the total number of people who visited the exposition hitting 565,718 since opening on May 12.The increase was helped by Hyundai Motor Group, the world'
IndustryMay 27, 2012
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Lack of vitamin D ups stroke risk in some
Japanese-American men who did not eat foods rich in vitamin D had an increased risk of stroke later in life, U.S. researchers found.Lead author Dr. Gotaro Kojima of the John A. Burns School of Medicine at the University of Hawaii in Honolulu said sunlight is generally the greatest source of vitamin D, but synthesizing it from the sun gets more difficult as one ages, so older people are advised to
TechnologyMay 26, 2012
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Hazelnuts may provide better baby formula
University of Georgia researchers say human breast milk is the best source of food for infants, but a new second best-formula may be made from hazelnut oil.Casimir Akoh -- a distinguished research professor of food science and technology in the College of Agricultural and Environmental Sciences -- developed a new nutrient based on hazelnut oil that mimics the structure of mother's milk, making it
TechnologyMay 26, 2012
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Consumer sentiment improves
South Korea’s consumer confidence improved for the fourth consecutive month in May on higher economic growth prospects and job market conditions, the central bank said Friday.The consumer sentiment index, which gauges consumers’ overall economic outlook, living conditions and future spending, stood at 105 for this month, compared with 104 tallied in April, according to a survey by the Bank of Korea. This is the highest CSI reading since February 2011.A CSI reading above the benchmark 100 means o
May 25, 2012
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Shares gain on eurozone hopes
South Korean stocks rose 0.53 percent Friday on a European Union move to address its fiscal woes and prevent Greece from exiting the eurozone, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index added 9.70 points to 1,824.17. Trading volume was light at just 379 million shares worth 3.49 trillion won ($2.96 billion), with gainers outpacing losers 534 to 293.“Investor confidence got a boost from European leaders’ resolve to keep Greece wi
May 25, 2012
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LG-Hitachi to develop sewage water recycling facility in Yeosu complex
LG-Hitachi Water Solutions plans to develop a facility in Yeosu where it can reuse the city’s sewage water as a clean source for the city’s industrial complex.The company said Friday that it has signed a memorandum of understanding with the Yeosu government to invest in the infrastructure, which will be able to treat and recycle 35,000 tons of sewage and cost 45 billion won ($40 million). It did not give any development timeline for the project. However, the reusable water will be supplied to Ye
IndustryMay 25, 2012
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Hyundai E&C steps closer to $10b goal
Hyundai Engineering & Construction, Korea’s biggest construction company, is looking to achieve $10 billion in orders globally this year.As the builder secured a line of projects overseas, its orders, including for a Qatari highway construction and Saudi Arabian alumina refinery, are expected to amount to already half of its target by the end of next month, analysts said.Potential projects such as Venezuelan refinery and Indonesian geothermal power plant are also in the pipeline, which would fur
IndustryMay 25, 2012
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Korea, Colombia close to striking FTA
Trade officials in Seoul indicated Friday that South Korea and Colombia will soon conclude a free trade agreement.The officials denied a news report that the two countries would declare the FTA concluded within next month, but said it was true that discussions are in the final stages. “There still remain some issues which each side has a completely different stance on. Such issues should all be resolved in order to be able to reach a final agreement, so now is a difficult time to expect when it
May 25, 2012
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KNOC to open more discount gas stations
Oil corporation strives to meet target of 1,300 outlets by 2015The state-run Korea National Oil Corp. is stepping up its push for discount gas stations by establishing a support center and a task force for the project aimed at curbing petrol prices.The Oil Distribution Support Center began operation on Thursday, with the aim to set up over 1,100 more discount gas stations throughout the nation. The KNOC created the center and the Domestic Supply & Distribution Taskforce after the government an
IndustryMay 25, 2012
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Senior executive of suspended Mirae Mutual Savings Bank found hanged
A senior executive of the suspended Mirae Mutual Savings Bank has been found hanged in an apparent suicide that would be the fourth such case in nine months, police said Friday. The 50-year-old banker only identified by her surname Kim was found hanging by her scarf at a motel room in Seoul Friday afternoon, they said. She checked in the motel around 11:20 p.m. on Thursday and was set to be su
May 25, 2012
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Hyundai Sonata hybrid wins 'top satisfaction' award
Hyundai Motor Co., South Korea's top automaker, said Friday its Sonata hybrid has received the "top satisfaction" award from a U.S.-based automotive research company. The carmaker said the mid-size car ranked No. 1 in the hybrid and electric-powered passenger car segment checked by AutoPacific Inc. This car segment was first launched in 2010 with the Mercury Milan hybrid and Lincoln MKZ hybrid b
MobilityMay 25, 2012
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Teen solves centuries-old math problem
A 16-year-old in Germany who solved a centuries-old math problem credited his accomplishment to "schoolboy naivety."Shouryya Ray, whose family moved from India to Dresden when he was 12, solved a pair of fundamental particle dynamics problems posed by Isaac Newton more than 350 years ago to make it possible to calculate the flight path of a ball and predict how it will hit and bounce off a wall, T
TechnologyMay 25, 2012
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Thinking of death makes some compassionate
Some people try to avoid all thoughts of death but U.S. researchers advise thinking about death can bring out the good in people.Kenneth Vail at the University of Missouri reviewed experiments involving people thinking about death. He also reviewed assessments of how people who were not directly involved in catastrophes responded after learning about them.Vail said people commonly felt a need to r
TechnologyMay 25, 2012
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Agencies’ dispute over online shopping of wine
Wine may soon be available online as Cheong Wa Dae hinted that it is in favor of such sales. High-level officials from the presidential office said that they tentatively agreed on allowing online sale of imported wines, according to reports, after a lengthy meeting on Wednesday with officials from the National Tax Service and the Fair Trade Commission. The FTC has been pushing to allow online wine sales since earlier this year, saying it will bring down the price of imported wines. The tax autho
IndustryMay 24, 2012
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Seoul to support Korean companies returning home
Survey shows about 13% of Korean firms interested in coming backThe government said on Thursday it will organize task forces to help Korean companies relocate their overseas facilities to Korea as part of efforts to spur domestic investment. The Ministry of Knowledge Economy expects about 50 Korean companies to return home over the next five years and create more than 13,000 jobs domestically.The ministry says it sees high demand for return to Korea among companies in the accessories, clothing,
IndustryMay 24, 2012
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POSCO exec named new ISSF chairman
POSCO announced that the company’s senior executive vice president Kim Joon-sik has been named the new CEO of the International Stainless Steel Forum, or ISSF. The appointment was made during the ISSF 16th Annual Conference, which opened in Beijing, China on May 16. Kim previously served as co-vice chairman for the ISSF’s executive board. Industry insiders said the appointment reaffirmed the Korean steel conglomerate’s global status, which ranks among the best in the industry. Kim said that duri
IndustryMay 24, 2012
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Carmakers showcase tech prowess at Busan auto show
BUSAN ― Hyundai Motor Co. introduced five models, including its new Avante Coupe, in the Busan International Motor Show that opened on Thursday, along with an array of automobiles and IT-combined technologies to compete with foreign automakers.Based on the previous four-door Avante model, Avante Coupe will enter the local market in the second half of the year, Hyundai officials said. Embracing the slogan “Motor Show that Satisfies the Customers’ Emotions,” Hyundai president Kim Choong-ho said th
MobilityMay 24, 2012
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Hana Financial ex-chief may face probe over savings bank scandal
The prosecution’s investigation into irregularities at savings banks is zeroing in on the alleged involvement of Kim Seung-yu, former chairman of Hana Financial Group, in the paid-in capital increase into troubled Mirae Savings Bank last year.The prosecution is looking into why one of the nation’s four largest financial groups decided to invest in a secondary lender on the verge of insolvency. Mirae was suspended early this month with three other savings banks as they failed to meet government s
May 24, 2012
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Conglomerates under tougher probe by tax, anti-trust agencies
The conglomerate sector has been a key investigation target of the National Tax Service and the Fair Trade Commission as the political power of the incumbent administration has weakened.The prosecution is also investigating some conglomerates’ business units for irregular practices.Over the past few months, the investigative authorities have been widening the scope of inquiries into several units of major business groups for alleged practices like tax evasion, embezzlement and price-fixing.Congl
IndustryMay 24, 2012
