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
![[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.'
![[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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Credit cards trump cash on more benefits
“Do you have any of the credit cards listed here? You can get up to 20 percent discount,” a restaurant cashier asks a diner settling her bill, indicating a wall chart.Kim Lee-soo, 22, shuffles quickly through a stack of cards in her bulging wallet. After passing on five or six of them, she finally finds one that matches the list and claims the full discount.It’s a typical scene in Korea, where peo
April 13, 2011
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[Meet the CEO] ‘Flash sale’ site eyes local luxury fashion market
Online retailer Tryst boasts price competitiveness but has yet to overcome credibility issuesA fresh online luxury retail channel is eying a slice of the pie in the conglomerate-dominated local market with price competitiveness and quality service.The launch of flash sale site Tryst on Wednesday, the first of its kind here, may be intriguing news for savvy Korean shoppers. The website can be descr
CompaniesApril 13, 2011
![[Meet the CEO] ‘Flash sale’ site eyes local luxury fashion market](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/13/20110413000758_0.jpg&u=20121016165331)
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Online luxury shops challenge retail giants in growing market
The introduction of new online retail channels is expected to expand the size of the local luxury retail industry appealing to an increasing number of younger shoppers with affordable price and convenience, industry watchers said. Yet they face fierce competition from the market-dominant retail giants and are to overcome credibility concerns typically associated with e-commerce in the country. Wit
IndustryApril 13, 2011
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Samsung to offer W610b support to vendors
Korea’s biggest conglomerate issues public pledge aiming to prop up partner firmsSamsung Group on Wednesday pledged a number of measures including a 610 billion won ($558.7 million) fund, patent rights and improved payment systems to help promote growth in its smaller vendors and suppliers. Samsung signed an agreement at its Seocho headquarters outlining these and other efforts to become the secon
IndustryApril 13, 2011
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IEA warns oil prices could hit growth
'Oil prices above $100 hurt global economy, demand outlook stable'The International Energy Agency maintained its outlook for global oil demand in 2011, while warning that prices above $100 a barrel are starting to hurt the global economy. Worldwide oil consumption will increase by 1.4 million barrels a day, or 1.6 percent, this year to average 89.4 million a day, the Paris-based adviser said Tuesd
IndustryApril 13, 2011
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S. Korea's jobless rate stands at 4.3 pct in March
South Korea's jobless rate rose in March from a year earlier, but the number of newly created jobs grew sharply as the private sector continued to expand recruitment, a government report showed Wednesday. The jobless rate was 4.3 percent last month, up from 4.1 percent a year earlier, according to the report by Statistics Korea. It was, however, down from 4.5 percent in February. The number
April 13, 2011
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BOK ups 2011 inflation forecast to 3.9 pct
South Korea's central bank on Wednesday revised up its projection for this year's consumer inflation on high oil and food prices, but the bank retained its economic growth forecast. The Bank of Korea (BOK) upgraded its inflation projection for this year to a three-year high of 3.9 percent from a previous estimate of 3.5 percent, indicating that the country will face a buildup in inflationary
April 13, 2011
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Naver, Daum may file complaint against Google, Apple
Local portals Naver and Daum were considering filing a complaint with the Fair Trade Commission against Google and Apple for allowing only Google and a few other chosen portals on their smartphones, industry sources said on Tuesday. Currently, Google, Yahoo and Bing are the only search engines carried by smartphones powered by Android and Apple operating systems. Naver and Daum believe the limited
TechnologyApril 12, 2011
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Development aid team launched
The Finance Ministry launched a new task force to help developing nations improve infrastructure and policymaking under the Knowledge Sharing Program. Helping underdeveloped nations with long term goals is a G20 agenda initiated by President Lee Myung-bak as the host of the G20 Seoul Summit last year.Seoul has finished its policy consultations with four African nations including Ghana and Algeria.
April 12, 2011
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Kim named new Korea Post head
Korea Post named Kim Myong-ryong, 54, the organization’s former director of strategy and management, its new president, the Ministry of Knowledge Economy said Monday. Kim Myong-ryongKim is an experienced public administrator whose career background covers multiple positions at the knowledge economy ministry ― formerly Ministry of Information and Communication ― and Korea Post.Born in Seoul, Kim e
IndustryApril 12, 2011
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Shinsegae upscale outlet faces curbs
Shinsegae Corp.’s new premium outlet in Paju, north of Seoul, could face government restrictions after smaller retailers protested that it hurts their businesses.The Small and Medium Business Administration launched an inquiry on Monday to determine the scale of damage sustained by small- and medium-sized discount outlets in the area since Shinsegae Chelsea opened on March 18.The smaller stores cl
IndustryApril 12, 2011
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Hyundai begins work on 3rd blast furnace
Hyundai Motor Group’s steelmaker Hyundai Steel broke ground for the third blast furnace at its integrated steelworks in Dangjin, South Chungcheong Province on Tuesday.The company is injecting 3.26 trillion won ($2.89 billion) into the project, which is scheduled for completion in September 2013.The furnace will have an annual production capacity of 4 million metric tons, pushing the facility’s out
IndustryApril 12, 2011
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Hacked data probe may spread to Hyundai Card
The recent hacking at Hyundai Capital raises the possibility that customer information at Hyundai Card could also have been stolen or be vulnerable to intrusion.Hyundai Capital recently suffered a cyber attack in which personal information of about 420,000 customers and passwords of 13,000 have been hacked.While the automobile loan-oriented firm has been under an intensive probe from the FSS, regu
April 12, 2011
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BOK holds rates, but hike seen in Q2
April 12, 2011
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Korean economy to suffer big from oil price surge
Korea is likely to see its economic growth rate fall more than 2 percentage points if international oil prices top the $200 level, a report showed Tuesday.The report comes amid worries that the shortfall of oil production in Libya and continued unrest in the region may send crude prices even higher and dent the growth of economies around the world. According to the report by Britain-based Standard
April 12, 2011
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First Korean 3-D animation to be released in Canada
Korea’s first 3-D animation movie “Bolts & Blip” will be released on DVD in Canada later this year, its producer Redrover said.The company signed a copyright deal with Canadian home entertainment group Nelvana last week at MIPTV 2011, the world’s largest entertainment content market in Cannes, France. Set on the moon in 2080, the comedy follows the adventures of two misfit robots, Bolts and Blip.I
IndustryApril 12, 2011
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‘Asia faces destabilizing capital inflows’
Credit Suisse regional chief says inflationary pressure won’t continueInflationary pressure from soaring food prices is not likely to continue in Asia but a new round of capital inflows from May could destabilize regional economies, said Osama Abbasi, CEO of Credit Suisse Asia-Pacific.“It is in our view that food price is pretty much capped out. Further acceleration of food price is unlikely,” Abb
April 12, 2011
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Apple to stay ahead in tablet boom: Gartner
IndustryApril 12, 2011
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Mobile advertising rises with smartphone use
Details of mobile advertising are unveiling as the number of smartphone owners has surpassed the 10 million mark and is expected to reach 20 million by the end of this year.Google Korea is currently considered a leader in mobile advertising business, moving ahead with its global platform, followed by the country’s telecoms ― SK Telecom, LG Uplus and KT ― which all declared to play a role in the ma
TechnologyApril 12, 2011
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Cyworld back in the game with robust profit
Korea’s SNS pioneer plans to regain lost glory with mobile apps, acornsCyworld, in many ways a Korean pioneer in social networking services, is back with a vengeance this year on the back of robust “acorn” sales and closer collaboration with up-and-coming technology. Acorn ― “dotori” in Korean ― is the unit of virtual money that Cyworld users spend on all sorts of items for decorating and personal
IndustryApril 12, 2011
![[Meet the CEO] ‘Flash sale’ site eyes local luxury fashion market](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/13/20110413000758_0.jpg&u=20121016165331)
