Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Opposition leader awaits perjury trial ruling
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Hyundai Engineering wins $672 mln order from Singapore
Hyundai Engineering & Construction Co., South Korea's top builder, said Thursday that it has won a $672 million deal to build two office and residential towers in downtown Singapore.Under the deal with South Beach Consortium, Hyundai Engineering will construct the two complex buildings on Beach Road
IndustryAug. 4, 2011
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Obama, buoyed by debt deal, urges Congress to pass FTAs
Immediately after resolving a federal debt crisis, U.S. President Barack Obama called Tuesday for lawmakers to work on free trade deals with South Korea, Colombia and Panama."I want Congress to pass a set of trade deals -- deals we've already negotiated -- that would help displaced workers looking f
Aug. 4, 2011
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HIV epidemic emerging in Middle East
The AIDS virus is spreading like an epidemic in some Middle East and North African countries because of homosexual encounters between men, a study warned on Wednesday."This systematic review and data synthesis indicate that HIV epidemics appear to be emerging among MSM (men who have sex with men) in
TechnologyAug. 4, 2011
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New touch-screen BlackBerrys being launched
NEW YORK (AP) -- Research In Motion Ltd. on Wednesday unveiled five new BlackBerry phones with touch screens, as it hopes to revive the line‘s dwindling appeal in the face of competition from the iPhone and Android smartphones. In this product image provided by Research In Motion, the new Blackberry
TechnologyAug. 4, 2011
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Korean inventor claims Miller's beer bottle design infringes on his patent
A South Korean inventor claimed Thursday that the bottle design of U.S.-based Miller Brewing Company's Miller Lite beer infringes on his patent registered here, and said he would take legal action against the global alcoholic beverage firm.The inventor, who asked to be identified only by his surname
CompaniesAug. 4, 2011
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S. Korean banks' Q2 net more than quadruples in Q2
South Korean lenders saw their earnings grow more than four-fold in the second quarter from a year earlier, due mainly to decreased loan-loss reserves and one-off gains from the sale of a stake in a local builder, the financial watchdog said Thursday.The combined net income of 18 local banks came to
Aug. 4, 2011
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Hanjin Heavy chief under fire for lying low over labor crisis
Hanjin Heavy Industries and Construction Co. chairman Cho Nam-ho is facing criticism from politicians for continuing to ignore calls to attend a public hearing and put an end to the labor dispute at the shipbuilder. On Dec. 20 the company decided to let 2,500 workers go in the near future, prompting
IndustryAug. 3, 2011
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Herald Design Forum in Seoul Oct. 5-6
Herald Media, the publisher of The Korea Herald and Herald Business, is holding the first iDEA Herald Design Forum on Oct. 5 and 6.The iDEA forum, (short for information, design, entertainment academy) will bring together leading designers and futurologists from across the world to hold discussions
IndustryAug. 3, 2011
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Seoul markets hit by U.S. woes
The nation’s financial markets on Wednesday reflected worse fiscal conditions of the United States and European countries, seeing most key indices negatively affected.In the wake of anxiety that the U.S. economy could enter into a double-dip recession, local stocks tumbled and the Korean won lost gr
Aug. 3, 2011
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Lotte Mart to launch half-priced sauces
Lotte Mart will launch its new range of discount products on Thursday ― half-priced instant stews in curry and “jjajang,” or black bean sauce, flavors. Even though their quantity has been doubled to 300 grams, the products’ price stands at 1,400 won ($1.32), matching other 150-gram products, the nat
IndustryAug. 3, 2011
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Amore Pacific takes over French perfume brand
Beauty firm aims to strengthen dominance in global marketAmore Pacific Corp. said Wednesday that it has completed a deal to take over French luxury perfume brand Annick Goutal on Tuesday. It was the first overseas merger and acquisition case for the nation’s largest cosmetics maker with nearly 40 pe
IndustryAug. 3, 2011
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Rickety bullet trains rankle rail travelers
A string of KTX breakdowns dampens confidence in homegrown technology, stokes safety concernsCustomers around the country have vented fury over Korea’s flaw-ridden high-speed trains, calling for better safety measures from operators and builders.A series of accidents and breakdowns have marred the r
IndustryAug. 3, 2011
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SK exports hit record high in H1
SK Group said Wednesday its six manufacturing units’ combined exports set a record high of 18.18 trillion won ($17.18 billion) in the first half of the year, thanks to robust sales of petrochemical products.Sales of the six affiliates ― SK Innovation, SK Energy, SK Global Chemical, SK Lubricants, SK
IndustryAug. 3, 2011
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Sales of imported vehicles jump 15.6% in July
Sales of imported vehicles in South Korea jumped 15.6 percent last month from a year earlier, helped by new car models and the free trade agreement with Europe that lowered prices, a trade association said Wednesday.A total of 8,859 imported vehicles were sold here in July, compared with 7,666 units
IndustryAug. 3, 2011
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Samsung widens gap with Toshiba in NAND flash
Samsung Electronics Co., the world’s top memory chipmaker, increased its NAND flash market dominance in the second quarter, widening its gap with the runner-up Toshiba Corp., industry data showed Wednesday. But prices of NAND flash memory chips, which are used to store data in portable devices such
IndustryAug. 3, 2011
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Korea faces labor shortage, low productivity: SERI
The fast-aging population will bring labor shortages and low productivity to the country in the next couple decades, a report said Wednesday.Korea’s dwindling workforce, coupled with rock-bottom fertility rates and prolonged longevity, may weaken economic growth after 2020, said Park Chan-young, a r
Aug. 3, 2011
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Shinhan, IBK probed over irregular lending
The Financial Supervisory Service recently conducted an on-the-spot probe into Shinhan Bank and Industrial Bank of Korea over their allegedly irregular lending practices.The regulatory body looked into their loan-related documents by dispatching a group of inspectors to the headquarters of the two b
Aug. 3, 2011
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Watchdog requests W500b for savings banks’ overhaul
South Korea’s financial watchdog said on Wednesday it has requested the government to inject 500 billion won ($473 million) in a special fund aimed at overhauling the country’s ailing savings bank sector.Local savings banks have been suffering from a deterioration of asset quality due to a pile-up o
Aug. 3, 2011
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Most listed firms ignore social responsibility
The majority of South Korea’s listed companies are not fulfilling their social responsibilities and that can put a crimp in their sustainable growth in the future, a report said Wednesday.The report based on a study of 668 listed companies showed 575 firms, or 86 percent of the total, scored “weak”
IndustryAug. 3, 2011
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iDEA 2011 to offer students chance to showcase ideas
University students will be offered a chance to showcase their ideas and designs at the design presentation contest The Korea Herald plans to host on the sidelines of the iDEA Herald Design Forum 2011. A total of 10 teams will be selected to compete for the finals on Oct. 5, the day the Herald Media
IndustryAug. 3, 2011
