Most Popular
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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Seoul blanketed by heaviest Nov. snow, with more expected
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NewJeans to terminate contract with Ador
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Seoul snowfall now third heaviest on record
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Samsung shakes up management, commits to reviving chip business
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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How $70 funeral wreaths became symbol of protest in S. Korea
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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BOK makes surprise 2nd rate cut to boost growth
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Mutations found in Fukushima butterflies
Radioactive materials released into the environment by the Fukushima nuclear disaster in Japan have caused mutations in butterflies, a study indicates.Scientists say they've detected an increase in mutations in leg, antennae and wing shape among butterflies collected following the 2011 Fukushima accident, and that laboratory experiments have confirmed the link with the radioactive release.Two mon
TechnologyAug. 14, 2012
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Korea-China economic ties face new opportunities, challenges
This is the third in a series of articles to mark the 20th anniversary of diplomatic ties between South Korea and China. ― Ed.The economic interdependence between Korea and China has grown rapidly ever since the two countries established diplomatic ties 20 years ago and is expected to increase further despite changing circumstances. The two-way trade volume has snowballed nearly 35-fold since 1992, making China Korea’s biggest trading partner.Both being export-driven economies, Korea and China s
Aug. 13, 2012
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Herald presents new corporate identity, vision
‘Re-imagine! Life beyond Media’ slogan represents Herald’s futureHerald Corp., the parent company of The Korea Herald, will present its new corporate identity focused on “Life beyond Media.”Aiming to be at the center of consumers’ lives by taking on new projects like eco-friendly manufacturing and distribution, it expects to grow to 10 times its current size within a decade, its officials said.The firm has also changed its company name from Herald Media to Herald Corp. to emphasize its goal to e
Aug. 13, 2012
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The Korea Herald adopts ‘Digital First’ strategy
In the digital media era, newspaper companies around the world have adopted new approaches and tools to deliver their stories.With the Internet’s ever more important place in everyday life, a newspaper group’s power can be judged not only by its print circulation, but also by the number of people who read and comment on its articles online.To find its footing at this crucial time, The Korea Herald has tracked mobile-oriented trends and made innovations to stay ahead in the race.Under a “digital
TechnologyAug. 13, 2012
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Asiana, G-market expand mileage point system
Asiana Airlines signed a memorandum of understanding with the nation’s leading online auction and commerce site G-market on adding a new flight mileage policy on Monday.According to the expanded mileage policy starting from Aug. 13, G-market customers who enter the e-shopping site directly at www.gmarket.co.kr can accumulate mileage points that correspond to the amount of their purchase. The new mileage policy is compatible with other G-market offers such as “G Mileage” and “G Stamp.”Before the
Aug. 13, 2012
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College-educated workers exceed 10 million mark
The number of Korean employees with college degrees surpassed the 10 million mark in the second quarter, data showed Monday, indicating the country’s zeal for education.The number of college graduates on the payroll amounted to 10.2 million in the second quarter, up 4.8 percent or 464,000 from the previous year, according to data by the state-run statistics agency.The figures include graduates from two-year community colleges and four-year universities and those who complete graduate school degr
Aug. 13, 2012
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Hyundai outpacing Japanese rivals in U.S. car sales
Hyundai Motor Group, which owns Hyundai Motor and Kia Motors, is expanding its presence in the North American market where the Korean auto giant led car sales in the small and mid-sized segments in July. According to industry sources on Monday, Hyundai Motor sold 8,903 vehicles in the U.S. sub-compact segment in July, becoming the No. 1 car brand in the category for four consecutive months. In both the compact and midsize segments, the carmaker delivered 34,791 and 34,295 vehicles, respectively,
IndustryAug. 13, 2012
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Major card firms jump into mobile market
Mobile card boosts Hana-SK Card salesThe nation’s major card companies are jumping into the mobile card market as customer demand rises, financial sources said Monday.The companies are forecasting that plastic credit cards will be replaced with mobile cards in the next two to three years following the expansion of smartphones, the sources said.The fast growth of the newcomer Hana-SK Card, which has been pioneering the mobile card business here, may support the assumption. Hana-SK Card, which was
Aug. 13, 2012
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Radical weather changes reshape agricultural map
Mandarin oranges, apples, grapes moving north due to rising temperaturesKorea’s agricultural map is seeing drastic changes, with mandarin oranges growing north of Jeju Island, as the country increasingly experiences subtropical weather.The concept of regional specialties such as Jeju tangerines, Cheongdo peaches, Gyeongsan grapes and Daegu apples has lost meaning as the boundaries for crop cultivation have migrated northward due to rising temperatures.It has already been several years since tang
Aug. 13, 2012
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Foreign car companies, builder run English camps
Multinational auto and construction equipment makers have started running English summer camps for their employees’ children. The purpose is to heighten workers’ sense of pride and devotion to the company and also to help their children develop global mindsets.Volvo Construction Equipment Korea kicked off the “2012 Volvo Super Junior Camp” at its Pyeongtaek education center, scheduled to run to Aug. 15. About 120 children are participating, the company said.Company officials said the program aim
Aug. 13, 2012
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Otis Elevator Korea rides on early success
Early start, great business model continuing success indicators for his company, says local unit chiefSometimes, it’s good to be first. The multinational leader in the elevators, escalators and moving walkways business began operations in Korea more than 100 years ago, when it installed the nation’s first service elevator in 1910 for the Bank of Korea and the first passenger elevator for the Westin Chosun Hotel four years later. And Otis Elevator Korea has continued riding on its early success.
IndustryAug. 13, 2012
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Seoul shares slip 0.72 percent after rally
South Korean stocks closed 0.72 percent lower on Monday as investors stepped to the sidelines following last week's five-session winning streak, analysts said.The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) dipped 13.96 points to 1,932.44. Trading volume was moderate at 348 million shares worth 3.1 trillion won ($2.7 billion), with decliners
Aug. 13, 2012
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Saudi Arabia to build women-only city
Saudi Arabia will construct an all-female city in purpose of providing work for women, according to local news reports.The ultra-conservative kingdom’s Industrial Property Authority (Modon) reportedly will build the city in the eastern city of Hafuf. The new city is anticipated to create around 5,000 jobs in various industries.Saudi Arabia is hoping the new city will encourage more women to work without violating the country’s Islamic law of Sharia. While the law does not ban female labor, it em
IndustryAug. 13, 2012
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Scientists develop fast recharging material for lithium-ion batteries
A group of South Korean scientists has developed a new material for a secondary or rechargeable battery that can be fully recharged in just a matter of minutes, the science ministry said Monday.The development of such a battery could significantly raise the popularity of electric vehicles whose lithium-ion batteries currently take hours to recharge, according to the Ministry of Education, Science and Technology.Conventional batteries use only powdered nanoparticle materials to form a dense, mult
TechnologyAug. 13, 2012
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Seoul shares open lower following rally
South Korean stocks got off to a weak start on Monday as investors took a breather after a five-session winning streak, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) slipped 5.58 points, or 0.29 percent, to 1,940.82 in the first 15 minutes of trading.Blue chips were mixed. Market bellwether Samsung Electronics slumped 1.34 percent and top steelmaker POSCO fell 0.78 percent.
Aug. 13, 2012
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Samsung, Osram settle global LED patent fight
Samsung Electronics Co. and Siemens AG’s Osram unit have reached a global settlement of their patent fights over light-emitting diode technology, according to a filing with a U.S. trade agency. Financial details weren’t made public in the filing dated yesterday with the U.S. International Trade Commission in Washington. The settlement ends a case that Samsung filed against Osram and that was scheduled for trial at the agency on Aug. 13. Osram’s case against Samsung went to trial last month, and
TechnologyAug. 12, 2012
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Korea’s R&D in IT, biotech on the rise
Korea has been increasing its research and development projects in the fields of information and technology and biotechnology, spearheaded by 30 state-run agencies over the last three years, according to the National Science & Technology Commission.R&D investment in software, renewable batteries and displays accounted for 19.4 percent of the total last year, up from 18.3 percent in 2009, the commission reported on Sunday.Meanwhile, investment in the development of new drugs, and the welfare and
IndustryAug. 12, 2012
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Yeosu Expo ends run with 8 million visitors
The Expo 2012 Yeosu ended its 93-day run on Sunday, with the number of visitors exceeding the 8 million mark as targeted, the organizing committee said. About 1,100 guests, including United Nations Secretary-General Ban Ki-moon and Prime Minister Kim Hwang-sik, joined the closing ceremony held at the expo site in the nation’s southern costal town of Yeosu. Over the past three months, the Yeosu Expo hosted 104 participating countries, 10 international organizations including the U.N. and seven co
IndustryAug. 12, 2012
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LG Uplus to launch food waste management service
LG Uplus has formed an alliance with local small and medium-size partners, including Bumin W&P, to launch a radio frequency identification (RFID)-based food waste management service, the company announced Sunday.The new “Smart Clean” service is in line with the government’s environmental policy to reduce food waste, which emits greenhouse gases, the local telecom said. The system will allow more efficient ways of managing garbage disposal by having trash bins at apartment or residential areas ch
TechnologyAug. 12, 2012
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New airport election issue again
Land Ministry to gauge profitability of 17 airports next yearThe government has decided to study whether to construct a new airport or expand existing ones next year, possibly creating a major campaign issue ahead of December’s presidential election. According to a long-term plan on airport development announced in January last year, the Ministry of Land, Transport and Maritime Affairs is not permitted to start a new study on airport operations until 2014. The ministry, however, recently decided
IndustryAug. 12, 2012