Most Popular
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Opposition chief acquitted of instigating perjury
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Seoul city opens emergency care centers
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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Prosecutors seek 5-year prison term for Samsung chief in merger retrial
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UN talks on plastic pollution treaty begin with grim outlook
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TVs you can talk to, without sounding crazy
Talking to the TV is usually a sign of extreme agitation, mental instability or loneliness. TV manufacturers are set to make it a more rational behavior this year, with a range of sets that respond to speech. (Yonhap News)LG Electronics on Monday said it will sell a remote with its high-end fla
IndustryJan. 10, 2012
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Hawking: Mankind must colonize space
(AP)British physicist Stephen Hawking says mankind faces the threat of nuclear annihilation and should build colonies on Mars and beyond.Hawking made the remarks on a radio program to mark his 70th birthday, responding to questions submitted by listeners, The Daily Telegraph reported Friday."It is p
TechnologyJan. 10, 2012
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Nicotine could ward off memory loss: study
Older adults who are starting to have problems with memory may benefit from small amounts of nicotine therapy, according to a US study published on Monday.The research in Neurology, the medical journal of the American Academy of Neurology, included 74 non-smokers with an average age of 76. Half were
TechnologyJan. 10, 2012
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Apple CEO Tim Cook could top pay list in 2011
LOS ANGELES (AP) _ Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before cofounder Steve Jobs died. An Associated Press review of a securities filing shows Cook's pay pac
TechnologyJan. 10, 2012
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Global warming delays natural patterns of glaciation, researchers say
Unprecedented levels of greenhouse gases in the Earth's atmosphere are disrupting normal patterns of glaciation, scientists said.The Earth's current warm period that began about 11,000 years ago should give way to another ice age within about 1,500 years, according to the study published online Jan.
TechnologyJan. 10, 2012
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MSCI opens Korea office; no hint of imminent status upgrade
Head of index compiler MSCI Inc. said Monday that the Korean stock market’s failure to achieve developed status stems from its “inefficiencies." “There are two important areas that need further development,” said Henry Fernandez, chairman and CEO of MSCI, at a news conference held in Seoul to mark the official launch of the company’s Seoul office. Fernandez said the first issue was the structural problems that hamper the market access for international investors who want to rebalance their equi
Jan. 9, 2012
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Samsung sweeps Russian mobile handset market
Samsung Electronics Co., the world’s second-largest handset maker, swept the Russian mobile phone market, ranking first in four categories in November last year, a research firm said Monday.Samsung Electronics took first place in the Russian mobile phone market in terms of units sold and their value in November, while its smartphones were named best products for both sales volume and revenue, according to global market researcher GfK Group.It was the first time that the Samsung Electronics toppe
IndustryJan. 9, 2012
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Korea seeks to boost textile exports by 6.4% in 2012
South Korea’s textile industry seeks to increase its exports to a 12-year high this year amid hopes of growing shipments to the United States following the soon expected implementation of a free trade agreement , a local industry group said Monday.The Korea Federation of Textile Industries said the country’s total exports this year will likely reach $17 billion, up 6.4 percent from $16 billion last year.“Economic conditions are still not very good due to the financial crisis in Europe, but the f
IndustryJan. 9, 2012
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New Park Hyatt general manager checks in
The Park Hyatt Seoul has appointed Frederic Boulin as general manager of the hotel. “As the hotel’s new general manager, I will forge ahead with our partners and our talented, devoted team to bring out the unique luxury positioning of the Park Hyatt Seoul,” he said.Boulin has extensive experience in Asia, most notably as executive assistant manager of food and beverages at the Grand Hyatt Seoul in 2002, and with the Grand Hyatt Hong Kong and Shanghai working in the Food and Beverage Development
IndustryJan. 9, 2012
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Healthy eating may help ADHD kids: U.S. study
WASHINGTON (AFP) ― Simply eating healthier may improve the behavior of children with attention deficit hyperactivity disorder if therapy and medication fail, said a study published Monday in the journal Pediatrics.Researchers, however, said that their review of recent controlled scientific studies had shown conflicting evidence on the impact of supplements and restricted diets ― in some cases they were no better than the placebo effect.Nutritional interventions should therefore be considered an
TechnologyJan. 9, 2012
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Consortium to develop Panama copper mine
A South Korean consortium led by state-run Korea Resources Corp. said it will begin development of a Panama copper mine in the first half of this year.The announcement comes after Panama’s environmental protection agency approved development plans for the Cobre Panama mines, in Colon Province 120 kilometers west of Panama City, KORES said in a press release last week.It said the approved environment and social impact assessment comprehensively authorizes the building of roads, ports and a coal-f
IndustryJan. 9, 2012
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Hyundai plastic plant to resume operations
An engineering plastic plant that exploded and caused the death of three workers in August will go back on-line after undergoing repairs, Hyundai EP Co. said.The company said it has been repairing the destroyed polystyrene production facility in Ulsan, 414 kilometers southeast of Seoul, with the plant to be ready for operations by February.The facility is needed to make engineering plastic products.It said both in-house and outside safety reviews have been sought as part of its effort to restart
IndustryJan. 9, 2012
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Hanjin Shipping aims to return to black
Hanjin Shipping Co., South Korea’s top container line, said that it will strive to swing back to the black in 2012 after suffering huge losses last year.The shipper is estimated to have logged a loss of over 800 billion won in 2011, hit by higher fuel costs and falling freight rates.During the fourth quarter of last year alone, Hanjin Shipping is projected to have suffered a loss of some 250 billion won.The shipper’s accumulated net loss and operating loss in the first three quarters of last yea
Jan. 9, 2012
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Korea to offer better biz environment for foreigners
South Korea will beef up efforts to provide a better business environment for foreign enterprises by “actively” reflecting their opinions in its policymaking process, the nation’s finance minister said Monday.“We will actively reflect the opinions of the EU Chamber of Commerce, and make redoubled efforts to improve areas such as investor protection and property rights registration,” Bahk Jae-wan told a meeting with European business people.Bahk promised to push ahead with measures to lower land
Jan. 9, 2012
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Korea, China, Japan to start FTA talks in H1: report
HONG KONG (Yonhap News) ― South Korea, China and Japan will likely start their first round of trilateral free trade negotiations during the first half of this year, a Chinese official said Monday, in a move expected to boost trade among the three export-driven countries. In December, the three countries held their final joint study meeting on the feasibility of a free trade agreement among them.“If there is no strong opposition from inside South Korea, talks on the China-South Korea-Japan FTA wi
Jan. 9, 2012
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Learning global mindset through fun
To compliment English language learning, Vectis CEO Simon Bureau has released a 3-D digital compact disk teaching primary-school children in Korea in a comical way about their place in a future global world.“My message that I’m trying to drive to Korean mothers is that English is not enough, now they need to learn new skills to be global leaders,” he said.The former Canadian Chamber of Commerce chairman explained that today’s children must have three attributes to achieve a global mindset.Firstl
IndustryJan. 9, 2012
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Germany benefits from Korea-EU FTA
Chamber advises SMEs to enter Korean marketGermany is benefiting from the Korea-EU FTA that went into effect in July as its exports to Korea are increasing, a top German chamber official said.“We have already seen some positive effects but not as spectacular as some people might have thought,” said Korean-German Chamber of Commerce and Industry Secretary General Jurgen Wohler.One reason for the not-so-spectacular expectations is the European debt crisis, which is hampering Korean exports to the
Jan. 9, 2012
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Global business innovation lecture
IE Business School is offering a free lecture and networking evening with as guest lecturer, the school’s chair of the Entrepreneurship Management Department.Pablo de Holan is a popular professor of strategy at IE Business School and will present the school’s 4th lecture in a series on global business innovations on Jan. 13 from 7 p.m. at the COEX Convention Center Hall C room 318 A in southern Seoul.Titled “The Giant Within: How Businesses Grow Thru Entrepreneurship and Innovation, A review of
Jan. 9, 2012
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German chamber holds Korean classes
The German Chamber of Commerce will offer Korean language lessons for all its members.The courses take place Jan. 11-March 28 every Wednesday except for holidays from 8:00 ― 9:30 a.m.Classes will be held in the German language by a qualified teacher, Park Hye-sook. The basic level course will be taught at the Korean-German Chamber of Commerce and Industry office in Hannam-dong, Seoul.Cost is 550,000 won for 12 sessions and includes beverages and learning materials. For more information or to reg
Jan. 9, 2012
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AMCHAM to hold foreign investment meeting
The American Chamber of Commerce in Korea will examine regulatory reform and foreign direct investment inducement and aftercare services during their first networking luncheon of the year next week, officials said.The meeting is scheduled to be held on Jan. 19 at the Grand Hyatt Hotel on Namsan. The luncheon includes a speech by Ahn Choong-yong, chairman of the Regulatory Reform Committee and foreign investment ombudsman at Korea Trade-Investment Promotion Agency.“The recent passing of the KORUS
Jan. 9, 2012