The Korea Herald

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Industry experts predicts tough choices as NewJeans' ultimatum nears
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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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Opposition chief acquitted of instigating perjury
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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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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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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[Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push

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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Antimatter atom measured for the first Time
Scientists have succeeded in measuring an atom made of antimatter for the first time ever, marking a giant step toward finding out how universe is formed, livescience.com reported Wednesday. Stars and nebulas in outer spaceAccording to scientists all particles of matter have antimatter partners

TechnologyMarch 6, 2012
Easily guessed computer passwords a risk
Hackers often get into protected systems by simply guessing the password, which is often made too easy for them by users, U.S. security experts say.Security services firm Trustwave says it found the most common password used on business computer systems is "Password1," CNN reported Monday.Although i

TechnologyMarch 6, 2012
Doosan Infracore to build R&D lab in China
Doosan Infracore Co. said it broke ground on Tuesday for its first research and development center in China, spurring its foray into one of the world’s fastest growing construction equipment markets. The laboratory, which will sit on an 8,000-square-meter site in Yantai, eastern China, will be devoted to developing wheel loaders, the Korean engineering firm said. Construction will be completed by the end of the year.The Seoul-based company said it will spend 11 billion won ($9.8 million) to inst

IndustryMarch 6, 2012

$Doosan Infracore to build R&D lab in China$
[Herald Interview] Shinwon eyes another big leap with luxury fashion
Chairman confident of economic benefits from having production lines in N.K.’s Gaeseong Industrial ComplexShinwon Group, a leading fashion retailer, was one of the first South Korean companies to enter the inter-Korean industrial complex in Gaeseong, the North Korean border town, in 2004.Despite the political tension between the two Koreas, Shinwon chairman Park Sung-chul still has no doubts about the decision he made eight years ago.“North Koreans are skilled workers as they are willing to work

IndustryMarch 6, 2012
Apple expected to unveil new iPad
Apple is expected to reveal a new version of its coveted iPad on Wednesday in its first major media event since the death of legendary founder and beloved pitchman Steve Jobs.In typical Apple style, the California-based company has offered the scantest of hints as to what it will unveil on the stage

TechnologyMarch 6, 2012
Tool use by brown bear described
Photo by Volker DeeckeA British researcher says he's witnessed a bear in Alaska using a stone to exfoliate, the first time a bear has definitively been known to use a tool.Volker Deecke of the University of Cumbria was on holiday in Alaska's Glacier Bay national park in July 2011 when he spotted a b

TechnologyMarch 6, 2012
Cancer risk found in Coke, Pepsi: Group
U.S. regulators, reviewing an advocacy group’s complaint that a chemical used in colas causes tumors in animals, said there’s no immediate risk to consumers from the substance. Cans of Coca Cola soft drinks sit on display at a Poundland discount store in Croydon, U.K., on Wednesday, Feb. 1, 20

TechnologyMarch 6, 2012
Samsung to focus on premium TVs in China
HONG KONG (Yonhap News) ― Samsung Electronics Co. will focus more on the premium TV market in China, company executives said Monday, in a move seen to distinguish itself from cheaper products made by Chinese manufacturers.In the liquid crystal display TV segment, the South Korean tech giant will only sell light emitting diode backlit TVs and discontinue the sale of other kinds of LCD TVs, corporate sources said.Samsung Electronics will be the first TV maker in China to upgrade all of its LCD TV

March 5, 2012
Hyundai, Kia, BMW to provide vehicles for nuclear summit
Hyundai Motor and its affiliate Kia Motors will help support the 2012 Nuclear Security Summit in Seoul, slated for March 26-27.The two companies delivered 262 vehicles, produced for protocol and guard of the global leaders, to the preparation committee for the summit on Monday.The vehicles included the Equus limousine by Hyundai Motor and the Starex van from Kia Motors, which will be used for the figures from more than 50 countries.The automakers will also run a maintenance team of 70 experts fo

MobilityMarch 5, 2012
Finance chief opposes higher tax rates
Korea’s top economic policymaker reiterated his opposition Monday to politicians’ demand to raise tax rates on rich people and businesses to finance additional welfare programs. Ahead of parliamentary and presidential elections scheduled for April and December, political parties are rushing to unveil a spate of welfare programs and campaign pledges, many of which policymakers see as “populist” and fiscally “unsustainable.”Some lawmakers claim that the government needs to raise tax rates on the w

March 5, 2012
Shares end lower on dampened China outlook
Korean stocks closed 0.91 percent lower Monday, as investors sought to offload their holdings after China announced a downward growth target for this year, analysts said. The local currency fell against the U.S. dollar. Moving in a tight range, the benchmark Korea Composite Stock Price Index dropped 18.57 points to 2,016.06. Trading volume was heavy with 541.1 shares worth 5.05 trillion won ($4.51 billion) with decliners outstripping gainers 528 to 297.“China’s growth forecast took the steam out

March 5, 2012
Foreign reserves hit record high in Feb.
Korea’s foreign exchange reserve soared to a fresh high in February as the strength of the euro and the British pound boosted the conversion value of those assets, the central bank said Monday.The country’s foreign reserves reached a record high of $315.8 billion as of the end of last month, up 4.46 billion from January, according to the Bank of Korea.The previous record was $312.29 billion set in August last year. Asia’s fourth-largest economy saw its foreign reserves surpass the $300 billion m

March 5, 2012
Business start-up courses at SGC
The Seoul Global Center Business Center is inviting future entrepreneurs to the first session of their Business Start-up School for the year. Together with their business counseling service, this program provides foreign business entrepreneurs in Seoul with the necessary information to set up and run a business successfully, as well as a chance to network with other expatriate and local professionals. The Business Start-up School is a tuition-free program run by the Seoul Metropolitan Government

IndustryMarch 5, 2012
AmCham to meet trade chief, auto committee
The American Chamber of Commerce in Korea plans to hold two luncheons later this week.For the first luncheon, the American Chamber has invited as guest speaker Trade Minister Bark Tae-ho to this month’s general membership meeting.At the luncheon on March 8 from 11:30 a.m., Bark will hold a lively discussion on the strategic value of the Korea-U.S. Free Trade Agreement.A veteran economist, Bark took over the post when Kim Jong-hoon stepped down late last year after playing a pivotal role in final

IndustryMarch 5, 2012
BCCK examines compensation trends
Korean compensation trends and the outlook for this year will be the focus of the coming British Chamber of Commerce breakfast meeting.The meeting on March 8 will also examine trends in compensation and total awards.Held at the Grand Hyatt’s Paris Grill, the event at 8 a.m. will be moderated by Aon Hewitt senior consultant Simon Ferry.Based in Seoul, Ferry regularly updates regional and global stakeholders on the Korean compensation and benefits environment. Ferry has more than a decade’s experi

IndustryMarch 5, 2012
Cancham outlook for Korea’s economy
To examine Korea’s economic prospects for the year in depth, the Canadian Chamber of Commerce will hold a luncheon on March 8 in the Grand Ambassador Hotel’s Chardonnay Hall. Panelists will be Shaun Cochran, director of Korean Research CLSA one of the region’s largest and most highly rated independent equity brokers and financial services groups; local director and head of markets at Jones Lang Lasalle Korea Darren Krakowiak; and Tony Mitchell, managing director of the Korea Associates Business

IndustryMarch 5, 2012
EUCCK job fair in Busan
The European Union Chamber of Commerce plans to hold a global job fair where interested participants can explore various vacancies while engaging with people who have real work experience in Busan.It is not always easy to research and find suitable vacancies at foreign firms in Busan even though it is the nation’s second-largest city.Starting at 2 p.m., the event on March 7 at BEXCO is run by recruitment teams for global brands such as ABB, Lloyd’s Register, Rolls Royce Marine, ibis Hotel and ma

IndustryMarch 5, 2012
Deutsche Bank sued over alleged stock market manipulation
A group of investors has filed a damage suit against Deutsche Bank AG alleging stock market manipulation by the German financial firm, which they blame for subsequent investment losses, a Seoul court said Monday.The six investors filed the suit with the Seoul Central District Court against the globa

March 5, 2012
Overcoming growing pains for Italian chamber
Many challenges for companies working outside their cultureThe economic crisis in European countries raised the awareness of possible business opportunities in Korea for Italian companies, but still, even with the free trade agreement between Korea and the EU, the divide seems to be as far as both countries are geographically.To build bridges in the business world, the Italian Chamber of Commerce is organizing activities such as trade visits with the hope that companies in both countries will ge

March 5, 2012
New design for The One Impact
KT&G Corp., Korea’s largest tobacco producer, said it plans to release a repackaged version of its The One Impact cigarettes starting Monday. The renewed One Impact, the latest in its six-variety range, comes in sky blue packaging and gives a rich flavor despite lower levels of tar, the Seoul-based manufacturer said. Introduced in March 2011, the product contains 1 milligram of tar and 0.1 milligram of nicotine. It costs 2,500 won ($2.2) per pack. (heeshin@heraldm.com)

IndustryMarch 5, 2012

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