Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Is Korea’s ‘open’ market a curse?
Officials concerned about greater volatility from structural problemsOpenness in financial markets is supposedly a positive thing. But this rule does not exactly apply to Korea’s “open” stock market that has been fluctuating in a way deemed more volatile than that of its peers in Asia and elsewhere.
Aug. 11, 2011
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U.S. downgrade may hurt IT, auto exports: report
The U.S. credit rating downgrade is feared to hurt exports of South Korean-made information technology products and automobiles, a report by a private economic think tank said Wednesday.The Hyundai Research Institute report said last week’s move by Standard and Poor’s Ratings Services to cut its cre
Aug. 11, 2011
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Ministry denies report on fuel import from Japan
Officials at the Ministry of Knowledge Economy denied news reports that the government is considering importing petroleum products including gasoline from Japan in a bid to slash fuel prices.“We have no knowledge of petrol imports or any examination underway,” a ministry official told The Korea Hera
IndustryAug. 11, 2011
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Ticket Monster sale signals shift in industry
The selling of No. 1 social commerce giant Ticket Monster is signaling massive restructuring for the local fast-growing market, experts said Thursday. “This incident is deemed to become the beginning of an industrial restructuring,” said Ryu Han-seok, executive director of the TLC Institute, who is
IndustryAug. 11, 2011
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SK Comm. under fire for poor security
Company to unveil additional plan to counteract recent security breachSK Communications said Thursday it is getting ready to release its second set of countermeasures as early as this week, following the country’s worst security breach.On Thursday, police confirmed that a hacker used an Internet Pro
IndustryAug. 11, 2011
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Hyundai’s Genesis, Equus overtake Lexus in U.S. market
South Korea’s leading automaker Hyundai Motor Co. is fast catching up with its rivals in the large luxury car market in the United States, already overtaking Lexus, the luxury brand of Japan’s Toyota Motor Co., a U.S. online magazine said Thursday.In June, Hyundai Motor sold 3,370 units of its Genes
IndustryAug. 11, 2011
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Korean firms sweep global DRAM market
Samsung Electronics Co. and Hynix Semiconductor Inc., the world’s two largest makers of computer memory chips, dominated the global market for dynamic random access memory chips in the second quarter despite a looming global economic slowdown, a report showed Thursday.According to the report by Taiw
IndustryAug. 11, 2011
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SKT, KT introduce new monthly payment plans
Two leading mobile carriers ― SK Telecom and KT Corp. ― are engaged in a price war as both introduced new monthly telecom service payment plans on Thursday, which they claim offer cheaper than existing smartphone service rates.The monthly smartphone payment plans enable customers to choose the numbe
IndustryAug. 11, 2011
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Illegal capital outflow almost triples: data
Illegal capital outflow has almost tripled here over the past five years, a lawmaker revealed Thursday citing the data from Korea Customs Service. A total of 22 cases of assets moving abroad illegally were confirmed last year, up from six in 2006, according to Rep. Kwon Kyoung-seok of the ruling Gra
IndustryAug. 11, 2011
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Greek economist warns on Korea’s ‘welfare populism’
A prominent Greek university professor and economist has warned South Korea not to repeat his country’s economic mistakes, calling the plan to give free school meals to all students “irresponsible.”“Is it a matter of equality? Of course not. Why middle class Seoul citizens, maybe with no children, s
Aug. 11, 2011
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Kookmin Bank investing heavily in stocks: sources
South Korea’s top lender Kookmin Bank has invested a large amount of money in stocks in an apparent bid to seize on the recent market tumble, industry sources said Thursday.Kookmin Bank, the flagship of No. 1 bank holding firm KB Financial Group Inc., entrusted its affiliate KB Asset Management with
Aug. 11, 2011
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Baby boomers give birth to new industries
Elderly care robots, meal delivery and health products rental create niche marketsAt a nursing home in New Zealand, a Korean-made robot offers a blueprint for the future of old age. The silver-colored, kiosk-shaped robot monitors residents’ vital signs and biorhythm in real time, provides brain trai
IndustryAug. 11, 2011
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Silver industry thrives to cater for baby boomers
All-in-one silver towns, job training all part of burgeoning new businessTo mark the 58th anniversary of its establishment on Aug. 15, The Korea Herald is publishing a series of articles on the looming retirement of Korean baby boomers and its socioeconomic impact on the nation. The following is the
IndustryAug. 11, 2011
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Japan machinery orders rise on earthquake rebuilding
Japan’s machinery orders rose for a second month in June as companies increased spending to restore businesses and production disrupted by the March 11 earthquake and tsunami. Factory orders, an indicator of capital spending in three to six months, rose 7.7 percent in June from May, the Cabinet Offi
IndustryAug. 11, 2011
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France’s ‘AAA’ credit affirmed by S&P, Moody’s
France’s top credit grade was affirmed by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings as relative yields on the nation’s debt climb on concern that Europe’s sovereign debt crisis is intensifying. The outlook on France is stable and its “AAA” ranking is “warranted,” Moritz Kraemer,
IndustryAug. 11, 2011
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Asia in balancing act as prices rise, growth weakens
SINGAPORE (AP) ― Asia batted away the global recession sparked by the 2008 financial crisis. Fending off the latest wave of market turmoil may prove tougher.World stocks were pummeled this week by the first-ever downgrade of the U.S. credit rating and evidence of stalling recoveries in the U.S. and
IndustryAug. 11, 2011
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U.S. budget deficit tops $1tr
WASHINGTON (AP) ― The United States’ budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House to make more progress on a long-term plan to shrink the growing imbalance.The Treasury Department said Wednesday that the deficit through July totaled
IndustryAug. 11, 2011
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Korean Airport Corp. reappoints chief
Sung Si-chul, chief executive and president of Korean Airport Corp., has been reappointed, the state-run airport operator said Thursday.The decision reflects Sung’s achievement in transforming Gimpo International Airport into East Asia’s business hub over the three years, the company said in a state
IndustryAug. 11, 2011
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Ahn favored most as boss
IT guru Ahn Cheol-soo was picked as the boss that salaried workers most want to work under, a survey released Thursday found. Ahn, who founded the computer vaccine developer AhnLab in 1995, one of Korea’s first-generation IT startups, got 46.9 percent of the vote in a survey of 796 salaried workers
IndustryAug. 11, 2011
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Ultraviolet rays could trigger eye diseases
Ultraviolet rays, abundant in the sunlight, could prompt aging of the eyes, B&VIT Eye Center said Monday. “When the eyes receive ongoing exposure to ultraviolet rays, a variety of diseases could result including corneal burns, macular degeneration and cataract,” Kim Jin-kook, chief of the clinic, sa
TechnologyAug. 11, 2011