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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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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Wealthy parents ditch Korean passports to get kids into international school
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Gyeongju blends old with new
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Over 80,000 malicious calls made to Seoul call center since 2020
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First snow to fall in Seoul on Wednesday
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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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Russia may extend grain export ban
Deputy P.M. says export ban could be extended after July 1MOSCOW (AFP) ― Russia on Tuesday said it may extend a ban on grain exports that has been blamed for triggering global food price rises beyond its provisional expiry date of July 1.The Russian government’s pointman on agriculture emerged from a closed-door cabinet meeting chaired by Prime Minister Vladimir Putin to announce that such an opti
IndustryFeb. 23, 2011
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Samsung makes breakthrough in color display technology
Samsung Electronics said on Wednesday that it has developed the world’s first full-color quantum dot display, paving the way for the next-generation products that are cheaper but more vivid and energy-efficient.Quantum dots are semiconductor nanocrystals that become luminous in reaction to current or light. They have emerged as a next-generation photonic method due to its finer color expressions a
IndustryFeb. 23, 2011
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KT to support mobile app developers
KT Corp., the country’s biggest wireless Internet zone operator, announced Wednesday that it plans to launch a project to help mobile application developers sell their products overseas.The “global frontier project” is a measure for the telecom giant to establish mutual growth with smaller venture firms. It supports talented mobile application developers from the development stage to when items ar
IndustryFeb. 23, 2011
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IMF to highlight Korea’s capital control
The International Monetary Fund will release a report next week highlighting South Korea’s successful policy response to speculative capital inflows, a government official said. The report will exemplify the Finance Ministry’s imposition of taxes and limits on speculative trading as legitimate macro-prudential measures. “The IMF is to release a report about the emerging market’s combating of hot m
Feb. 23, 2011
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Index to gauge treatment of suppliers
Government and private-sector representatives will introduce a new index to gauge large companies’ relationship with smaller suppliers as part of its efforts to promote broad-based growth, officials said Wednesday.The shared growth index will be announced once annually, starting with 56 companies including Hyundai Motor Co., POSCO and Samsung Electronics next year, the Commission on Shared Growth
IndustryFeb. 23, 2011
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Lotte Mart bargain TVs are a sell-out success
Lotte Mart’s ultra-cheap television has proved to be a hot item, with some of its branches selling out within hours of opening Wednesday.Lotte Mart officials said it began selling the 24-inch TVs, which cost less than 300,000 won ($268), at 89 of its branches across the nation from 9-10 a.m. Ultra-cheap 24-inch televisions on display at a Lotte Mart branch in Seoul (Yonhap News)Some customers queu
IndustryFeb. 23, 2011
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AD Motors to build electric car plant in Yeonggwang
AD Motors, a Seoul-based electric car maker, announced Wednesday that it will build a mass production facility in Yeonggwang Country in South Jeolla Province. Once complete, the facility will be capable of producing 43,000 electric vehicles on an annual basis.The company signed an agreement for the project with the governments of Yeonggwang county and South Jeolla Province on Tuesday. It will inje
IndustryFeb. 23, 2011
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Korea to join G20 inflation control
Finance minister calls for policy focus on price stabilityKorea will participate in the Group of 20’s efforts to control sharp price hikes in key commodities that have a direct bearing on economic growth and inflation, the government said Wednesday.The finance ministry said playing a role in the G20 arrangement could allow Seoul to work with other countries to better cope with a rise in energy, gr
Feb. 23, 2011
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Australian Chamber gets new chief
The Australian Chamber of Commerce in Korea has elected Jim Lim, regional manager of Meat & Livestock Australia, as the new chairman for its executive committee this year. Lim will replace Sean Rodrigues, who has held the post for the last three years. Jim Lim“I am honored to have been elected chairman and intend to work closely with all our stakeholders to continue the growth and development of
IndustryFeb. 23, 2011
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Kia names new domestic sales chief
Kia Motors Corp. named Lee Sam-ung as its new president for domestic sales and production on Wednesday.He had been serving as a vice president at the country’s second largest carmaker. Lee Sam-ungThe company said that Lee is a labor expert, and that he is expected to make significant contributions to developing the company into a global player by improving its labor management system, thereby esta
IndustryFeb. 23, 2011
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Korea boosts accounting transparency
Number of accounting firms more than triples in 10 years as demand growsThe nation’s accounting transparency is approaching international standards after years of effort by financial regulators and businesses.Shoddy bookkeeping by large companies has been partly blamed for the economic crisis that hit the nation in the late 1990s and for the so-called Korea Discount ― referring to undervaluation o
Feb. 23, 2011
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Global economy can survive oil price surge, for now: IMF
The world economy can withstand the surge in oil prices sparked by unrest in the Middle East and North Africa so long as the increase proves short-lived, said the International Monetary Fund’s No. 2 official, echoing Deutsche Bank AG and Bank of America Merrill Lynch. Futures for April delivery climbed to within $2 of $100 a barrel in New York Tuesday, and London-traded Brent rose to $108.57, clos
IndustryFeb. 23, 2011
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Public figures who believe in aliens
UFOs and alien life have been a subject of interest for many years -- and of division between believers and non-believers. Those who believe in the existence of alien life have offered evidence such as unusual flashing lights in the sky and crop circles found in the middle of nowhere. Some famous figures have also expressed belief in these sightings. The British Daily Telegraph listed 10 top publi
TechnologyFeb. 23, 2011
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Ssangyong launches first new vehicle in three years
JEJU ― Ssangyong Motors Co. launched the compact sport utility vehicle Korando C, its first new vehicle in three years, on the local market Tuesday.Since the company launched the luxury sedan Chairman W in February 2008, Ssangyong has run into a series of critical problems that at points pushed the company to the brink of collapse delaying plans for the new vehicle.In February 2009 Ssangyong enter
IndustryFeb. 23, 2011
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Samsung develops world's first full-color display using quantum dots
Samsung Electronics Co. said Wednesday that it has succeeded in developing the world's first full-color display using quantum dots, paving the way for producing large displays that are brighter, cheaper and more advanced.The South Korean tech giant said that its researchers made a prototype of a four-inch, full-color display through a new way of display patterning, which will enable producing a la
TechnologyFeb. 23, 2011
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Seoul shares open lower on Libya turmoil
South Korean stocks started lower on Wednesday as investor sentiment remained fragile amid concerns that political turmoil in Libya would jack up oil prices, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 2.99 points, or 0.15 percent, to trade at 1,966.93 in the first 15 minutes of trading.Already-rising oil prices, sparked by the economic recovery and money printing by
Feb. 23, 2011
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YouTube sees Korean mobile traffic surge
The evolution of mobile technology and fast distribution of smartphones in Korea sparked ever-growing demand for video content on YouTube, Gautam Anand, director of its Asia Pacific content partnerships, said Tuesday.Created in Feb. 2005, the video-sharing website has been among the most visited online spaces by Korean users in recent years along with social networking services Facebook and microb
TechnologyFeb. 23, 2011
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FSC halts business at Domin savings bank
The Financial Services Commission said it has suspended Domin Mutual Savings & Finance, based in Chuncheon, Gangwon Province, saying that the bank’s capital shortages were excessive.The latest suspension of the bank came after the financial regulator forced six savings banks to halt their business last week, as their asset erosion and capital shortages triggered jittery depositors to withdraw thei
Feb. 22, 2011
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Market watches parliament over bank levy bill
Korean banks and currency dealers are keeping close tabs on whether the parliament will approve a bill to introduce a bank levy that could cut the inflow of dollars, market sources said Tuesday.In a bid to stem excessive foreign capital flows, the government is seeking to introduce a bank levy that will be imposed on non-core foreign currency borrowing in the second half. The National Assembly, no
Feb. 22, 2011
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Hyundai Group drops planned lawsuit against Hyundai Motor
Hyundai Group plans to cancel filing a law suit on the failed purchase of Hyundai Engineering & Construction Co., the group said Tuesday. Hyundai Group hopes a compromise plan will come from Hyundai Motor Group, which was chosen by the builder’s shareholders as a preferred bidder, according to the statement.Hyundai Motor Group signed a memorandum of understanding with creditors of the builder last
IndustryFeb. 22, 2011
