Most Popular
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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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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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Man convicted after binge eating to avoid military service
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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
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
![[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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Seoul stocks open 1.19 pct lower on Japan nuke woes
South Korean stocks started 1.19 percent lower on Thursday as Japan's nuclear power plant problem rekindled investor jitters, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) plunged 23.27 points to trade at 1,934.7 in the first 15 minutes of trading. The deteriorating situation in Fukushima's crippled nuclear power plant, hit by last week's massive earthquake and tsunam
March 17, 2011
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[Herald Interview] Ssangyong looks to brighter future with Mahindra
After return to profit in 2010, carmaker hopes new models bring growth and stabilityWith its takeover by Mahindra and Mahindra Ltd. now complete, troubled carmaker Ssangyong Motor Co. is hoping to strengthen its product lineup, expand into new markets and rebuild its reputation. “Ssangyong caused much trouble for Korea, and to do this (revive the company) creditors and others involved had to make
IndustryMarch 17, 2011
![[Herald Interview] Ssangyong looks to brighter future with Mahindra](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/16/20110316000778_0.jpg&u=20110317092017)
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Japan disaster another worry for global economy
Japan’s earthquake and nuclear crisis have put pressure on the already fragile global economy, squeezed supplies of goods from computer chips to auto parts and raised fears of higher interest rates.The disaster frightened financial markets in Tokyo and on Wall Street on Tuesday. Japan’s Nikkei average lost 10 percent, and the Dow Jones industrials fell so quickly after the opening bell that the st
IndustryMarch 16, 2011
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Korea to send 52 tons of boron to stabilize Japan reactors
Korea is to send some of its reserves of a material used for regulating nuclear chain reactions to Japan to limit damage to its quake-damaged nuclear reactors. The Korean government said Wednesday that it will send an emergency shipment of boron following Tokyo’s request for the metalloid, which is being mixed with seawater to limit damage at crippled nuclear facilities in Fukushima. Tokyo has ask
March 16, 2011
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LG Group to enhance R&D
LG Group will beef up its research and development efforts focusing on energy, displays, home electronics and health care, the country’s fourth largest business group said Wednesday.LG will increase its researchers and R&D budget by about 25 percent to about 3,100 and to 4.7 trillion won ($4.1 billion) this year, it said. About 5,000 of 9,000 new recruits would be allocated to R&D sections.“We wil
IndustryMarch 16, 2011
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Samsung dilutes Lee’s remarks
Samsung on Wednesday rushed to once again water down Samsung Electronics Chairman Lee Kun-hee’s recent remarks that appeared to be critical of government policies, saying that his comments did not reflect his true intentions. Kim Soon-taek, chief of Samsung’s strategic planning unit, told a weekly CEO meeting that the chairman was “disturbed because what he said was not what he meant.” Kim also sa
IndustryMarch 16, 2011
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Firms not pulling out of Japan... despite spreading fears
Companies vow not to abandon Japan, but families question decisionKorean companies with offices in Japan on Wednesday said they would not withdraw their employees despite the massive earthquake and tsunami that has reportedly left more than 10,000 people dead or missing. The firms, which mostly have offices and operations in Tokyo, said their decision to stay was based on the belief that they shou
IndustryMarch 16, 2011
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Both threat, opportunity for Korean nuke sector...nity from Japan situation
Local builders focus on safety standards as Japan quake may dampen export marketsRenewed nuclear safety concerns arising from blasts and radiation leak in Japan will likely pose both a threat and an opportunity for the South Korean nuclear energy industry, experts said Wednesday.The local nuclear industry may carry on the upbeat trend in Asian markets should it be able to prove its safety and tech
March 16, 2011
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Obama soon to submit Korea FTA to Congress
WASHINGTON, March 15 (Yonhap) ― Against pressure from Congress, the Obama administration Tuesday vowed to submit a pending free trade deal with Korea soon and take time to address outstanding issues with similar deals with Panama and Colombia.“I think as the president has said, he, too, would like to get all three agreements passed once we’ve addressed the outstanding issues associated with them,”
March 16, 2011
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Korea, Peru to sign free trade deal next week
Korea and Peru will sign a free trade deal next week, the latest trade pact that could pave the way for Asia’s fourth-largest economy to tap deeper into the South American region, Seoul’s trade ministry said Wednesday.The trade ministers from both sides will sign the free trade agreement (FTA) in Seoul on Monday, the ministry said. Both countries struck the deal in August last year.Peru marks the
March 16, 2011
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Regulator delays approval of Hana-KEB deal
FSC also puts off ruling on whether Lone Star eligible to own KEBThe financial authorities Wednesday delayed its decision on whether to approve Hana Financial Group’s plan to acquire Korea Exchange Bank from U.S. Lone Star Funds.The Financial Services Commission also declined to make a clear ruling on whether the U.S. buyout fund was eligible to control Korea Exchange Bank when it acquired the len
March 16, 2011
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Hanwha E&C wins $220 million Kuwait contract
Hanwha Engineering and Construction Co. has won a $220 million refinery facility contract in Kuwait.Under the deal signed Monday, the company will update fire detection and alarm systems at three refinery facilities near Kuwait City, and two office buildings, the company said.The project, issued by the state-run Kuwait National Petroleum Co., is to be completed in 30 months, the builder said.“The
IndustryMarch 16, 2011
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SK Telecom begins iPhone sales in S. Korea
SK Telecom Co. began to ship pre-ordered iPhone 4 smartphones to its customers on Wednesday, creating a rare scene as South Korea's top mobile carrier lavishly promoted a foreign brand's handset. As SK Telecom belatedly joined the race to woo potential iPhone buyers and steal customers from its rival KT Corp., the iPhone is enjoying special treatment from the usually snooty mobile operator tha
March 16, 2011
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FSC No.2 man tapped to head top watchdog
Kwon Hyuk-se, 55, vice chairman of the Financial Services Commission, has been nominated as the new chief of the Financial Supervisory Service, the country’s top financial watchdog. President Lee Myung-bak will be formally appointing Kwon as governor of the organization following a vote today by the members of the Financial Services Commission.Kwon would afterward be inaugurated on March 28, a co
March 15, 2011
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Kia bags two top design awards
Kia Motors Corp.’s midsized sedan K5 and the compact SUV Sportage R are to receive the top prizes in this year’s Red Dot Design Award, the carmaker announced Tuesday.According to Kia, this is the first time Korean automobiles have been selected to receive the top honors in the German design award. K5 (top) and Sportage RThe K5 has been selected as the Best of the Best award winner in the automobil
IndustryMarch 15, 2011
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KOGAS touts environmental, social contributions
State-run natural gas developer Korea Gas Corp. said it will further boost its efforts for achieving mutual growth with its contractors and other philanthropic activities, the firm said. KOGAS’ service was recognized last year when it was made Fortune Magazine’s list of the World’s Most Admired Companies. The firm ranked the fourth in the energy firm category. It received good marks for its excell
IndustryMarch 15, 2011
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Japan quake feared to hurt Korean exports
The massive earthquake that hit Japan last week could slow down Korea’s exports as demand from the nation’s second-largest trade partner might contract significantly due to a protracted economic slowdown, experts said Tuesday.Korea’s exports to Japan have been improving since the start of this year. During the first two months, Korea’s exports to Japan jumped 47.7 percent from a year earlier to $5
March 15, 2011
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Seoul shares plunge on Japanese radiation fears
KOSPI plummets below 1,900 during trading session, shedding 2.4% at closeKorean stocks tumbled 2.4 percent to a 15-week low on Tuesday hit by rising worries over radiation leaks from Japan’s quake-stricken power plant.The benchmark KOSPI fluctuated during the day, plunging to 1,882.45 at one point though it later managed to contain falls to close at 1,923.92.A day before the index stood at 1,971.2
March 15, 2011
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Yoon criticizes oil refineries over pricing
Korea is drawing up measures to induce price cuts by oil refineries, the nation’s top economic policymaker said Tuesday, expressing suspicion that they are not setting prices for domestic consumers in a transparent manner.The remarks by Finance Minister Yoon Jeung-hyun are the latest in his series of strong words against the nation’s oil refinery industry. He has been accusing the industry of keep
March 15, 2011
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Ssangyong to invest W240b in rebuilding
Mahindra and Mahindra completes acquisition of Korean automakerSsangyong Motor Co. will invest 240 billion won ($212 million) in developing new products and building its brand, new CEO Lee Yoo-il said at the press conference announcing the completion of Mahindra and Mahindra Ltd. on Tuesday.The Indian company was chosen as the preferred bidder for Ssangyong in August 2010, about 18 months after th
IndustryMarch 15, 2011
![[Herald Interview] Ssangyong looks to brighter future with Mahindra](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/16/20110316000778_0.jpg&u=20110317092017)
