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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U.S. fast-food chains bet on India to drive growth
IndustryApril 12, 2011
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Toyota: Summer car shortage possible
IndustryApril 12, 2011
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Fed to stick with low rates, despite oil rise
IndustryApril 12, 2011
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Koreans’ overseas spending hits record high
Koreans’ overseas spending exceeded a record high 20 trillion won ($18.4 billion) in 2010, as more travelers and students abroad took advantage of the strong won, the Bank of Korea said Monday.The country’s nominal overseas spending reached 20.3 trillion won last year, up 15.4 percent from 2009. It is the highest level of annual spending from overseas since 1970 when officials began collecting dat
April 12, 2011
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Criminal probe set for stock trading of Deutsche Bank
Regulator suspends parts of brokerage unit’s operationsFinancial regulators on Wednesday requested that the prosecution investigate Deutsche Bank AG and its staffers for allegedly manipulating stock prices last November.In addition, they suspended some operations of Deutsche Securities Korea, a brokerage unit of the Germany-based investment bank. The securities firm is banned from selling a certai
April 12, 2011
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[Meet the CEO] Nespresso shapes Korean espresso culture
Nespresso is confident that booming enthusiasm for coffee among Koreans and the surging popularity of homemade espressos will continue to shore up its brisk sales growth in the market, the chief of Korean operations said.Since the coffee business unit of Swiss food giant Nestle launched its single-serve “coffee capsules” in December 2007, it has led the local portion coffee market which has been e
IndustryApril 12, 2011
![[Meet the CEO] Nespresso shapes Korean espresso culture](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/10/20110410000211_0.jpg&u=20110412133317)
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Kakao Talk looks to overseas expansion
Popular mobile messenger service breaks threshold of 10 million downloadsKakao, a venture firm that invented the popular mobile messenger app Kakao Talk last year, announced Monday that it will branch out to overseas markets this year with the aim of garnering 100 million downloads.In a press conference celebrating more than 10 million registered Kakao Talk users, its founder Kim Beom-su said the
IndustryApril 12, 2011
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BOK freezes key rate at 3 pct for April
BOK freezes key rate at 3 pct for AprilSouth Korea's central bank froze the key interest rate on Tuesday, a sign that it needs more time to assess the impact of a rate hike in March amid lingering economic uncertainties like the fallout from Japan's quake. Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day repo rate, dubbed the base rate, at 3 perce
April 12, 2011
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Builders’ domestic orders tumble in Feb.
Domestic orders of Korean builders plunged 17 percent in February from a year earlier due to a prolonged slump in the local property market and a drop in orders from the public sector, a trade association said Monday. The local builders’ domestic orders came to 5.09 trillion won ($4.69 billion) in February, compared with 6.15 trillion won tallied a year earlier, the Construction Association of Kor
IndustryApril 12, 2011
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Quarantine checks on farm imports increase
Korea’s quarantine inspections of imported farm produce rose 10 percent on-year in the first quarter mainly due to greater local demand for vegetables and fruits, the government said Tuesday.The Ministry for Food, Agriculture, Forestry and Fisheries said import inspections were carried out on 43,793 shipments in the January-March period, compared to 39,746 during the same period a year earlier.“Un
April 12, 2011
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POSCO operating income forecast to fall
Korea’s leading steelmaker POSCO is expected to report an operating income of less than 1 trillion won ($917 million) for the January-March period due to a price freeze amid soaring raw materials costs, analysts said Tuesday.POSCO, the world’s third-largest steelmaker, is set to report its first-quarter earnings next Friday. The steelmaker has been reporting a quarterly operating profit of more th
April 12, 2011
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Finance minister to attend G20 meeting
Korea’s Finance Minister Yoon Jeung-hyun will leave for the United States this week to attend a Group of 20 (G20) meeting, which will focus on pending global economic and financial issues, officials said Tuesday.The G20 finance ministers’ meeting will kick off in Washington on Thursday for a two-day run, according to the Ministry of Strategy and Finance. Yoon will leave for the meeting on Wednesda
April 12, 2011
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3-D industry waiting for cue on adult content
The success of “Sex and Zen” is most likely to mark a watershed moment in the 3-D industry as the fate of adult movies seems to be hinging on the movie’s performance.“It’s a matter of time, but we are in dire need of some concrete evidence to accept that 3-D adult entertainment will take off in earnest,” said Han Dong-hoon, a spokesperson for N’tree Media, an adult-image content provider. “Sex and
IndustryApril 11, 2011
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Public firms’ debts surge W34tr in 2010
Debts owed by Korea’s public corporations surged by 34.2 trillion won ($31.6 billion) in 2010 mainly due to outlays in large development projects, the government said Monday.The finance ministry said the combined debt of 27 leading public corporations rose 14.4 percent on-year to 271.9 trillion won last year, with their debt-to-equity ratio hitting 157 percent, up from 144 percent in 2009.Their de
April 11, 2011
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Hyundai Capital under full-scale probe
FSS sends investigators to largest auto loan firm over customers’ information leakThe Financial Supervisory Service on Monday dispatched a group of inspectors to Hyundai Capital where the personal information of about 420,000 customers and passwords of 13,000 customers have been stolen by hackers.The hacking allegedly went on for about two months without detection by staff of Hyundai Capital, whic
April 11, 2011
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Korea, Indonesia to discuss economic ties
Korea and Indonesia will hold a working-level meeting next month on ways to further boost bilateral economic cooperation, Seoul’s finance ministry said Monday.The meeting is a follow-up on a December summit between Korean President Lee Myung-bak and Indonesian President Susilo Bambang Yudhoyono, in which they agreed to boost bilateral cooperation on weaponry development, energy, infrastructure and
April 11, 2011
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Foreigners make robust property gains
Foreign funds reap better returns than locals on real estate investmentsForeign funds have outperformed domestic institutions in terms of capital gains on real estate investments in Korea over the past decade, market researcher JUSTR said Monday. Foreign investment groups such as Lone Star Funds, Goldman Sachs and Government of Singapore Investment Corp. have recorded an average capital gain of 48
IndustryApril 11, 2011
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IMF to host job fair in Seoul next week
The International Monetary Fund is hosting a recruitment drive in Seoul next week for positions in its Technology and General Services Department, it said Monday.The all-day event slated for April 19 is part of the lender’s regional job fair to recruit East Asian candidates. The event will take place at Grand Interncontinental Hotel and may include on-cite interviews. Positions are open for facili
April 11, 2011
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Korea, China trade ministers discuss FTA
Korea Trade Minister Kim Jong-hoon discussed the stalled free trade negotiations with his Chinese counterpart Chen Deming during their meeting in Beijing on Monday, the Ministry of Foreign Affairs and Trade said. The meeting raised expectations for the two governments to put their FTA negotiations on a fast track. Seoul and Beijing began preliminary government-level talks in September but made lit
April 11, 2011
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Female entrepreneurs see old challenges, new successes in Korea
When Shim Yeo-lynn was replaced by her colleague with better English-speaking skills for a meeting with foreign clients, she did not just set out to hone her English skills. She founded a start-up herself.After hopping from one English prep school to another and taking a series of one-on-one lessons from native speakers, she realized that there was no service that teaches how to communicate in the
IndustryApril 11, 2011
![[Meet the CEO] Nespresso shapes Korean espresso culture](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/10/20110410000211_0.jpg&u=20110412133317)
