The Korea Herald

Chrysler to release New Compass

Chrysler Korea will launch special editions of the New Compass in celebration of its 70-year-old Jeep. All Jeep models will be rolled out as new editions to celebrate 70 years of the brand, including the 2011 Jeep Compass 70th Anniversary Edition, Jeep Grand Cherokee, Jeep Liberty, Jeep Patriot and Jeep Wrangler. They will come in three exterior colors ― bronze Star, bright silver and black. “The

MobilityMay 8, 2011

Volvo Korea offers free check-ups

Volvo Cars Korea is offering free check-ups on air conditioners and engine oil as part of its spring promotion. Available until June 11, the service will run at 12 Volvo Cars Korea service centers across the country where Volvo drivers can receive free filters on engine oil replacement on top of the free check-up.“We’re offering the service so that drivers can ready themselves for more family outi

MobilityMay 8, 2011

GM reveals lightweight Chevrolet Aveo sedan

GM Korea Co. on Tuesday revealed a Chevrolet Aveo sedan, expanding its product lines for sporty compact models.The four-door saloon version kept the same front-end design with twin headlamps and 53-centimeter alloy wheels. The compact sedan offers segment-best trunk capacity that is reportedly is biggest in size among subcompact models out in the market. The vehicle has a price range of 11.09 mill

MobilityMay 8, 2011

Ssangyong takes H New Classic reservations

Ssangyong Motors began taking reservations Wednesday for the Chairman H New Classic first unveiled at the Seoul Motor Show 2011.The third generation sedan is available for reservations at 140 Ssangyong Motors branches across the country, with 3 percent discount on car insurances for those finalizes their booking by the end of July.A 1 million won ($924) discount is available for returning customer

MobilityMay 8, 2011

Ssangyong takes H New Classic reservations

Small cars lead U.S. auto sales higher in April

DETROIT (AP) ― Small cars sold briskly in the U.S. last month, as gasoline prices rose and some buyers worried about shortages of Japanese-made vehicles after the March earthquake there.Analysts expected overall industry sales in the U.S. to increase 19 percent from April of last year.Don Johnson, GM’s vice president of sales and marketing, said consumers shifted into smaller cars starting in Marc

MobilityMay 8, 2011

Bigger now better in fuel efficiency race

With Hyundai and Kia releasing gasoline-hybrid electric vehicles, you might want to consider something bigger than a compact model. Mid-sized cars can be just as fuel efficient.No compact cars were included in the list of top 10 most fuel efficient models for the first time after Hyundai Motor Group’s Sonata, K5, and Volkswagen’s Jetta BlueMotion joined the race this month ― your bigger and more p

MobilityMay 8, 2011

Bigger now better in fuel efficiency race

Android smartphones widen lead in U.S. market

SAN FRANCISCO (AFP) ― Smartphones powered by Google software widened their lead on BlackBerry handsets in the U.S. market during the first three months of the year, industry tracker comScore reported on Friday.Android smartphones dethroned BlackBerry in January by capturing 31.2 percent of the U.S. market and that share grew to 34.7 percent by the end of March, according to comScore. A Samsung Ele

IndustryMay 8, 2011

Android smartphones widen lead in U.S. market

Russian-American buys Warner Music

NEW YORK (AFP) ― Russian-American billionaire Len Blavatnik’s Access Industries won a bidding war on Friday for Warner Music Group, buying the storied music company for $3.3 billion in an all-cash transaction.The sale of Warner Music, whose artists range from current stars such as Eric Clapton and Kid Rock to legends such as Frank Sinatra and Ray Charles, comes at a challenging time for the music

IndustryMay 8, 2011

Satisfaction depends on length of “happiness gene”

A person’s happiness and satisfaction in life depends on the form of a specific gene they have, a research conducted by a behavioral economist of the London School of Economics and Political Science showed. The research reported on by the U.K.’s Press Association found out a strong link between the “5-HTT” gene and happiness by analyzing genetic data from more than 2,500 participants. They were as

TechnologyMay 8, 2011

Satisfaction depends on length of “happiness gene”

Korea to cut collusion in financial sector

The administration and the National Assembly have begun in earnest to reform the nation’s top financial watchdog, to cut its long-held collusive ties with financial companies it supervises.Assessing that the Financial Supervisory Service, hit by a series of corruption scandals involving its former and incumbent staff, cannot complete a self-purification drive, the Prime Minister’s Office is pushin

May 6, 2011

1.5 trillion won flees from savings banks

The total amount of deposits at local savings banks plunged by 1.5 trillion won ($1.4 billion) during the past four months due to concerns over their security, according to a report released by the Korea Deposit Insurance Corp. on Friday. The tota of deposits held at 96 savings banks nationwide stood at 64.8 trillion won at the end of April, according to the staterun deposit insurer. The figureexc

May 6, 2011

1.5 trillion won flees from savings banks

Samsung hires new legal counsel

Samsung Electronics hired Cho Jun-hyung, a lawyer that defended the group in the independent counsel case over Samsung, as the flagship unit’s executive vice president earlier this month.Samsung Electronics confirmed Cho was employed to assist the company’s vice chairman Choi Gee-sung, according to a Samsung official. However, the official said Cho’s exact role at the company was undetermined at t

IndustryMay 6, 2011

Fuel prices rise again

A month of 100 won-price cut has little impact and consumer complaints riseRetail fuel prices in Korea are rebounding on high international oil prices, despite refiners’ price cut of 100 won ($0.09) per liter a month ago.The state-run Korea National Oil Corp. attributed this to the rising price of petroleum in the country, predicting that the trend would continue in coming months. The price cut by

IndustryMay 6, 2011

KT operating profit increases 61.7% in Q1

Korean telecom giant decides to sell its stake in Russian affiliate NTC for $346mKT Corp. said Friday that it posted 5.3 trillion won ($4.88 billion) in sales and 726.3 billion won in operating profit for this first quarter, up 6.1 percent and 61.7 percent, respectively, from a year earlier.In its quarterly report, the country’s biggest fixed-line service operator said the solid performance was mo

IndustryMay 6, 2011

Rare fish costs almost as much as a car

(ANN/China Daily)A red dragon fish, costing almost as much as a BMW, is available at a shop in Chengdu, Sichuan province.The fish, which comes from Indonesia, is 55-centimeters long and weighs 1.5 kilograms. Its scales and fins are pepper red, which is rare, as most dragon fish are usually yellow or silver.If any fish fans are interested, the price is 360,000 yuan ($55,400). The rare fish is also

TechnologyMay 6, 2011

How coffee and blowing your nose can be harmful

(MCT)Researchers from Netherland have found 8 factors that may raise the risk of burst aneurysms in the brains of certain people. University Medical Center in Utrecht conducted the research on some 250 patients for three years to find risk factors that increase blood pressure over short periods which can lead to burst blood vessels. 　Aneurysms are swollen arteries. They usually do not cause a seri

TechnologyMay 6, 2011

How coffee and blowing your nose can be harmful

KT posts 84.7 pct jump in Q1 earnings

KT Corp., South Korea's largest telecom company, said Friday that its first-quarter earnings surged 84.7 percent from one year ago. Net profit reached 555.2 billion won (US$513.6 million) in the January-March period, compared with 300.6 billion won a year earlier, it said in a regulatory filing. Sales rose 6.1 percent from one year ago to 5.3 trillion won in the quarter and operating profit

IndustryMay 6, 2011

Economic bodies hail EU FTA ratification

By Choi He-suk Local economics organizations praised the National Assembly ratification of the Korea-EU Free Trade Agreement on Wednesday.The EU is Korea’s second largest export destination, and European goods account for the fourth largest proportion of Korea’s imports.As such, the pact is projected to have significant benefits for Korea’s economy with some projecting that it will have a larger e

IndustryMay 5, 2011

CrucialTec sees shining opportunities in smartphone boom

A global smartphone boom is proving to be a significant boon for business for CrucialTec, a Korean maker of optical trackpads widely used in handsets for navigating menus. Optical trackpads detect the movement of the finger, helping mobile users more easily scroll through the information they need on their phones. CrucialTec is known as the pioneer in the technology, as its feats include developin

IndustryMay 5, 2011

Redrover quenches thirst for 3-D content

Redrover, a Korean brand of optical three-dimensional monitors, is carving out a big chunk of the global 3-D content market, armed with savvy technology and the right ideas. “Our 3-D content is hands-down the best solution out there thanks to a wide selection and sophisticated picture quality that’s bound to make 3-D vision a most pleasurable experience,” said Ha Hoe-jin, CEO of Redrover in an int

IndustryMay 5, 2011

Redrover quenches thirst for 3-D content