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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First snow to fall in Seoul on Wednesday
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Wealthy parents ditch Korean passports to get kids into international school
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S. Korea not to attend Sado mine memorial: foreign ministry
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Man convicted after binge eating to avoid military service
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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S. Korean banks' foreign borrowing jumps in March
South Korean banks' mid to long-term foreign borrowing jumped in March from the previous month as they braced for rising global uncertainties, the financial regulator said Monday. Twelve local banks borrowed a total of $3.49 billion last month through overseas bond issuance and loans with a maturity over one year, $1.68 billion more than in February, according to the Financial Supervisory Se
April 18, 2011
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Seoul shares inch down after strong start
South Korean stocks lost ground on Monday after a strong start as investors unloaded tech blue chips and bank shares, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) shed 1.29 points, or 0.06 percent, to trade at 2,139.21 in the first 15 minutes of trading. The KOSPI touched a record high of 2,149.45 as soon as the market opened, but tech and financial shares increase
April 18, 2011
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Korea targets tax cheats in foreign havens
Kwon Hyuk, a reclusive shipping tycoon, shows how to get around paying taxes in and out of more than five trading borders while keeping over 10 trillion won ($9 billion) in assets.Register your business at a tax haven, stash all your profits there, and pretend you live abroad. Minimize paperwork. Even better if you can avoid the press.Kwon has been the main target of the Korean government’s latest
April 17, 2011
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Nonghyup and IBM officials face probe over network crash
Prosecutors said Saturday they plan to summon witnesses to determine why the banking network of the country’s farm cooperative crashed.The Seoul Supreme Prosecutors’ Office said about 20 National Agricultural Cooperative Federation (Nonghyup) and IBM Korea employees will be questioned in relation to the network glitch that has affected services since late Tuesday.People have not been able to use N
April 17, 2011
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Conglomerates step up efforts on ‘shared growth’
Local conglomerates are boosting their efforts to support subcontractors in line with the government-led “mutual growth” drive. The Lee Myung-bak administration has been keenly advocating shared prosperity between conglomerates and their smaller partners, urging the bigger firms to take the lead to help create a level playing field.With the launch of Commission of Shared Growth for Large and Small
IndustryApril 17, 2011
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FSC to ease loan conditions for the poor
Overdue payments of less than 100,000 won no longer reflected in credit ratingsThe government on Sunday announced a set of measures to provide the poor with better access to financial sources as mounting household debts loom large over economic recovery. The package proposed by the Financial Services Commission centers on the overhaul of credit rating guidelines, market interest rates and individu
April 17, 2011
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Global inflationary pressure should stabilize after Q2: Yoon
WASHINGTON (Yonhap News) ― Worldwide inflationary pressure brought on by soaring commodities and farm prices should stabilize after the second quarter of this year, Korea’s finance minister said Friday.In a meeting with reporters in Washington, Finance Minister Yoon Jeung-hyun said supply shortages in the agricultural sector, triggered by bad weather, are showing signs of stabilizing this month. H
April 17, 2011
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Seoul stocks may hit record high this week
Korean stocks should be able to maintain their steady gains and strive to reach record-high levels this week, despite downside risks, local analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) ended last week at 2,140.50, up 12.53 points, or 0.6 percent, from a week earlier, extending its rally of weekly gains to a fifth straight week.The total market cap also reached a n
April 17, 2011
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[Herald interview] IFA organizer expects 10% growth this year
ALICANTE, Spain ― The global trade show IFA to be held from Sept. 2-7 in Berlin is expected to grow 10 percent in size this year, said an executive of the organizing body Messe Berlin on Saturday.Jens Heithecker, IFA executive director at Messe Berlin, said the exhibition space ― 5,000 to 10,000 square meters more than last year’s 134,000 square meters ― has already been completely booked out duri
IndustryApril 17, 2011
![[Herald interview] IFA organizer expects 10% growth this year](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/17/20110417000004_0.jpg&u=20110417190713)
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The world’s fastest pick-up truck
MUNICH, Germany (DPA) ― BMW has built what it claims to be the world’s fastest pick-up truck, the BMW M3 pick-up, with an output of 309kW/420 hp under the bonnet and a top speed of 300 kph.The one-off concept vehicle was taken for “comprehensive testing” under strictest secrecy on the Nuerburgring racetrack on April 1, the car maker said.The rear-axle is said to have a load capacity of up to 450 k
MobilityApril 17, 2011
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Porsche to mark 25 years in Korea
Stuttgart Sports Cars, the official importer and distributor of Porsche vehicles, is offering special deals on the Cayenne and 911 until June 30 as part of a year-long campaign celebrating the German luxury marque’s 25th year in Korea.During the period, those purchasing the Cayenne will be offered a chance to drive the Panamera 4 using Porsche’s finance service’s lease contract while waiting for t
MobilityApril 17, 2011
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Infiniti Essence concept car on display
Nissan Korea is putting the Infiniti Essence concept car that made its Korean debut at the recent Seoul Motor Show in Infiniti showrooms across the country until the end of May. Infiniti EssenceThe vehicle is currently on display at Infiniti’s showroom in Gangnam District until the end of the month. The Essence will then be displayed at the Seocho-gu showroom until mid May.The concept car will the
MobilityApril 17, 2011
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Hanbul Motors cuts engine oil prices
Hanbul Motors, the official importer and distributor of Peugeot vehicles, announced Thursday that it lowered the price of selected engine oils sold at official Peugeot service centers by 20 percent. There are 15 official Peugeot service centers located across the country.The engine oils with lowered prices are the Total Quarts 9000 used in Peugeot’s Euro IV diesel engine and the Total INEO used in
MobilityApril 17, 2011
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Hyundai’s new service for Equus, Genesis
Hyundai Motor Co. introduced a new membership service for Equus and Genesis luxury sedan buyers on Thursday.The new membership service, BLU Honors, is available to those buying 2012 Equus or Genesis sedans, who submit applications. EquusEquus buyers opting for the service can choose from six rounds of golf at selected courses in the two years after the purchase, tickets to eight culture events and
MobilityApril 17, 2011
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AD Motors taps into Japanese electric car market
AD Motors, a local electric car manufacturer, said it has begun exporting the Change electric car to Japan.The company had signed a memorandum of understanding regarding the issue with Japan’s Autorex on March 31. Change electric car. (AD Motors)Under the contract, Autorex will import Change vehicles to Japan, and the Nippon Automobile Fair Certificate Association will be responsible for marketing
MobilityApril 17, 2011
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Korean cars in U.S. cited for interior design
Korean carmakers have come a long way since the days of the Hyundai Pony, the first locally developed automobile to be exported.The days of being widely perceived as makers of cheap but unreliable vehicles are long gone with overseas surveys and consumer research showing vast improvements in their quality rankings.Despite such developments, local carmakers’ design capabilities appeared to be laggi
MobilityApril 17, 2011
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Japan’s quake could hurt U.S. auto sales
IndustryApril 17, 2011
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More perils ahead for global economy
IMF, World Bank warn on high food prices, joblessnessWASHINGTON (AFP) ― Global finance chiefs warned Saturday that rising food prices, unanswered joblessness, Mideast turmoil and weak finances in advanced economies could still derail economic recovery.“We are one shock away from a full-blown crisis,” said World Bank president Robert Zoellick about the surge in basic food prices.“The financial cris
IndustryApril 17, 2011
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Smart, green tech to dominate IFA electronics show
Christian Goke, chief operating office of Messe Berlin, speaks to reporters about the global trade show IFA at a global press conference in Alicante, Spain on Saturday. Cho Ji-hyun/The Korea HeraldSamsung, LG to step up 3-D TV business in Europe, but face skepticism from consumersALICANTE, Spain ― Smart innovation and green technology are expected to dominate the IFA, one of the world’s top electr
IndustryApril 17, 2011
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Samsung's Chinese employee indicted over technology leak
A Chinese employee of South Korea's Samsung Electronics Co. has been indicted for trying to leak the company's core technology and business secrets, prosecutors said Sunday. The 40-year-old woman, who had worked as a senior researcher for a home appliance department of the company since 2007, is suspected of attempting to hand over the company's classified documents regarding noise reduction
IndustryApril 17, 2011
![[Herald interview] IFA organizer expects 10% growth this year](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/17/20110417000004_0.jpg&u=20110417190713)
