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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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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Wealthy parents ditch Korean passports to get kids into international school
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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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S. Korea not to attend Sado mine memorial: foreign ministry
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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[Weekender] Korea's traditional sauce culture gains global recognition
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Consumer prices grow 4.2% in April
Korea's consumer prices grew at a slower pace in April, but they still remained relatively high, raising concerns price hikes might undercut the overall momentum of the economic recovery, a report showed Monday.According to the report by Statistics Korea, the country's consumer price index jumped 4.2 percent last month from a year earlier. It was slower than the previous month's 4.7 percent gain b
May 2, 2011
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Netizens slam parents of baby vs. dog video
(YouTube)Commenters have criticized the content of a YouTube video called “Baby And Dog Fight Over Food,” which shows a baby agitating a german shepherd by trying to steal its food.In the video, a baby repeatedly snatches the dog’s bowl while the animal is eating. Although the baby tries hard to keep the bowl, the dog reclaims its food with its front legs and concentrates on eating. Commenters rep
TechnologyMay 2, 2011
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Package of tax, loan supports set for builders
Investors will also get tax benefitsThe government said Sunday it would extend tax benefits to real estate investors in the Seoul metropolitan area and widen financial support for local builders as a way of shoring up the sluggish housing market.In their joint statement, the Land Ministry, the Finance Ministry and the Financial Supervisory Commission said the government will urge banks to roll ove
IndustryMay 1, 2011
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Korea mulling cutting 2011 growth forecast
The South Korea government is considering lowering its projection of economic growth in 2011 to around the upper range of 4 percent while upping its inflation projection to the upper range of 3 percent due to the rising oil prices, sources said Sunday.The Korean government has been targeting around 5 percent economic growth this year while containing inflation at 3 percent, but mounting inflationa
May 1, 2011
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[Herald Interview] From kiwi to beef, Chile looks for greater access
Chile has been a reliable provider of agricultural products to Korea for many years and is looking to expand and hasten new products into the local market.Beef is big business and one that brings heated debate whenever a new country is looking to establish its product in the minds of local consumers.Currently, Korea bans beef from countries that do not vaccinate their cattle against foot and mouth
May 1, 2011
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Korea posts $5.82b trade surplus in April
South Korea’s trade surplus surged to $5.8 billion in April, up sharply from $2.8 billion the previous month on brisk exports of petroleum products and ships, the Ministry of Knowledge Economy said Sunday. Exports rose 27 percent on-year to $49.77 billion last month, with imports rising 24 percent to $43.95 billion, according to the ministry.“The record-high export numbers were the result of local
May 1, 2011
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STX Group chairman targets global market
DALIAN, China ― On Friday, STX Group announced the “Vision 2020” at its shipyard in Dalian, China at an event celebrating the group’s 10th anniversary. The group hopes to become one of South Korea’s seven largest conglomerates with combined sales of 120 trillion won ($112 billion) by 2020.STX Group Kang Duk-soo, however, says that he has his eyes set on the global market. STX Group chairman Kang D
IndustryMay 1, 2011
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Hyundai, Kia launch hybrid Sonata, K5
Hyundai Motor Group’s two carmakers Hyundai Motor Co. and Kia Motors Corp. are receiving orders for their first gasoline-hybrid electric vehicles from Monday.While the carmakers had introduced hybrid electric vehicles based on the compact cars Avante and Forte with liquefied natural gas-electric powertrain, the hybrid Sonata and K5 are their first gasoline-electric hybrids.The vehicles are fitted
IndustryMay 1, 2011
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[Herald Interview] Woman’s touch puts Sempio on the map
In just a month, Sempio Foods has raised its target for the sales of “A Hundred Years” to 60 billion won ($55.9 million) by 50 percent after watching the bottles of citron vinegar fly off the shelves. Behind the smash hit is Suh Dong-soon. The 46-year-old director of marketing is the first female executive at the condiment maker in its 65 years in business. Sempio director of marketing Suh Dong-s
IndustryMay 1, 2011
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Asiana lounge in Incheon named best in Asia-Pacific
Asiana Airlines said Sunday the company’s lounge in Incheon International Airport was picked as the best lounge in the Asia-Pacific region by Priority Pass.The country’s No. 2 air carrier said that its lounge, located on the third floor of the departure section at the airport, was named the Priority Pass lounge of the year in Asia-Pacific, after the group conducted an annual online vote. People r
IndustryMay 1, 2011
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Paralyzed Nonghyup banking system normalized
The nation’s largest banking network at Nonghyup has been normalized since Saturday after weeks of paralysis, which prosecutors suspect was caused by a cyber attack from North Korea.South Korea’s prosecution reportedly said they found evidence of break-ins by Internet Protocol addresses similar to that of the hacker hired by North Korea for the 2009 cyber attack of the presidential office Cheong W
May 1, 2011
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[News Focus] Doubts plague new ‘Cinderella’ law
Rule to limit access to video games likely hard to enforceThe National Assembly passed a controversial bill to ban teenagers from accessing online games midnight last Friday. But parliament is immediately facing criticism about the measure’s effectiveness. The law goes into effect in November. Critics are raising doubts about effectiveness as user information, such as the age of registered people
IndustryMay 1, 2011
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Renault cars get SKT-developed navigation
Renault Samsung Motors Co. announced on Wednesday that a new vehicle navigation system developed in collaboration with SK Telecom will be applied across its lineup from 2012.The carmaker said that it has been working with SK Telecom, the country’s largest mobile telecom service provider, since December to develop a new navigation system.According to the company, the new system was developed as a “
MobilityMay 1, 2011
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Porsche to launch limited 911 GT3 RS 4.0
The German high-performance specialist Porsche will be introducing the 911 GT3 RS 4.0. Limited to 600 vehicles, the 911 GT3 RS 4.0 is fitted with a six-cylinder, 4-liter engine capable of putting out 500-brake horsepower. 911 GT3 RS 4.0The 911 GT3 RS 4.0, fitted with a six-speed sports transmission, can reach 100 kilometers per hour in 3.9 seconds and double its speed in under 12 seconds. The veh
MobilityMay 1, 2011
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Mercedes holds Children’s Day event
Children’s Day may fall on May 5, but Mercedes-Benz Korea will be celebrating the occasion all month.Throughout May, the company is offering a discount of up to 30 percent on Mercedes-Benz collection bicycles and pedal cars for children. The company is also holding a drawing competition for Mercedes-Benz owners’ children under age 9. The competition is open from May 2-27. Three winners will be giv
MobilityMay 1, 2011
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New Bentley Continental GT hits Korea
Bentley Korea launched the new Continental GT on the local market on Wednesday. The new Continental GT is fitted with a 6-liter twin turbo engine that puts out 575-brake horsepower, 15-brake horsepower more than the engine used in the previous version. The new Bentley Continental GTThe new Bentley’s speed tops out at 318 kilometers per hour, and requires 4.6 seconds to reach 100 kilometers per hou
MobilityMay 1, 2011
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Sales campaign for small motorcycles
Honda Korea is holding a sales campaign for small motorcycles until the end of May.During the period, the company is offering two coupons for free checkup services on all Honda motorcycles with engine displacements of 125 cubic centimeters or less. Models eligible for the promotion include the scooters PCX and SCR110, and the CBR125R sports motorcycle. Honda PCXThe coupons also cover free engine o
MobilityMay 1, 2011
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Korea to be first market for Chevrolet Malibu
GM Korea Co. on Friday it would be the first to begin producing GM’s new Malibu midsized sedan.The company said that the new model will go into production at its plant in Bupyeong, Incheon during the third quarter of the year. Chevrolet Malibu (GM Korea Co.)Korea will also be the first among the 100 countries where the vehicle will be marketed to see the Malibu launched, the company said. The Mali
MobilityMay 1, 2011
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Hyundai, Kia: best family cars in U.S.
Hyundai Motor Group’s two carmakers Hyundai Motor Co. and Kia Motors Corp. announced Wednesday that two of their vehicles were selected as “Best Cars for Families 2011” by the U.S.-based business magazine Kiplinger. Hyundai Sonata Kia Sorento RAccording to the two Korean carmakers, the magazine selects vehicles included in the IIHS’ Top Safety Pick and rates them on a range of categories including
MobilityMay 1, 2011
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China jails 14 in tainted milk case
BEIJING (AP) ― Chinese courts have sentenced 14 people to prison for producing or selling melamine-tainted milk powder, news reports said Saturday, highlighting Beijing’s struggle to stamp out rampant sales of phony or tainted food and medicine.Three years after use of melamine in infant formula killed six babies and prompted a shake-up of China’s dairy industry, authorities still are seizing tons
IndustryMay 1, 2011