The Korea Herald

2012 growth rate forecast to miss growth potential

South Korea’s real economic growth rate is expected to hover below the country’s growth potential in 2012 due to the global economic slowdown, private think tanks said Wednesday.According to the Samsung Economic Research Institute), the nation’s inflation-adjusted growth rate for next year is estima

Oct. 19, 2011

GS chairman stresses crisis management

GS Holdings plans to spin off energy divisionGS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure

IndustryOct. 19, 2011

KFS leads global drive against deforestation

Senior officials from governments and international organizations attend the opening session of the UNCCD COP 10 in Changwon, South Gyeongsang Province, on Monday. (Yonhap News)Changwon Initiative seeks common standards, increased fundsKorea Forest Service Minister Lee Don-koo on Wednesday vowed to

IndustryOct. 19, 2011

KFS leads global drive against deforestation

Forum agrees on plans for land management

U.N. Secretary-General Ban Ki-moon delivers a congratulatory video message for the opening of the senior officials’ session of the UNCCD COP 10 in Changwon on Monday. (Yonhap News)The world’s only legally binding forum against desertification announced on Tuesday its roadmap, dubbed the Changwon Ini

Oct. 19, 2011

Forum agrees on plans for land management

New vision needed for nature and development

Fahad Al Attiya, chairman of the Qatar National Food Security ProgramI welcome you to Korea, where nature and development are in perfect harmony. I am happy to hold the 10th Conference of Parties to the United Nations Convention to Combat Desertification in Changwon, South Gyeongsang Province, under

Oct. 19, 2011

New vision needed for nature and development

Land for Life Award an example of incentive

The following is the press statement released by UNCCD Executive Secretary Luc Gnacadja on Oct. 17 at the UNCCD COP 10 forum in Changwon, South Gyeongsang Province. ― Ed.As you know, we are now halfway through COP10. This is a good opportunity to highlight some of the outcomes achieved so far, befor

Oct. 19, 2011

Land for Life Award an example of incentive

Robot helpers

Incheon Airport Customs officials stand in line as a robot delivers scissors to cut the tape to appoint robots as promotion agents at the Incheon International Airport on Wednesday. The robots from the Ministry of Knowledge Economy will provide information on entering the country and customs r

IndustryOct. 19, 2011

Qatar’s Al Attiya calls for systematic effort to fight desertification

Fahad Al Attiya, chairman of the Qatar National Food Security Program, said a systematic effort was needed to tackle expanding desertification in order to protect the environment. “Qatar, a small country, has been exposed to drought, land degradation and desertification and has withstood its impact

Oct. 19, 2011

Statement on Land for Life Award

The following is the press statement released by UNCCD Executive Secretary Luc Gnacadja on Oct. 17 at the UNCCD COP 10 forum in Changwon, South Gyeongsang Province. -- Ed.As you know, we are now halfway through COP10. This is a good opportunity to highlight some of the outcomes achieved so far, befo

Oct. 19, 2011

Hoping to see countries compete to plant trees

South Gyeongsang Governor Kim Du-kwanRespected executive secretary of the United Nations Convention to Combat Desertification Luc Gnacadja and representatives from each country, we welcome your visit to South Gyeongsang Province. Also we highly appreciate the U.N. General Assembly President Nassir A

Oct. 19, 2011

Hoping to see countries compete to plant trees

Let’s give life to desolate land

Prime Minister Kim Hwang-sik (Yonhap News)I am here to congratulate the 10th Conference of Parties to the United Nations Convention to Combat Desertification.President Lee Myung-bak was not able to join us here today, but he was very delighted that the UNCCD is held in South Korea this year.The pres

Oct. 19, 2011

Motorola unveils slim smartphone in Korea

Motorola Inc. unveiled its new super-slim smartphone in South Korea on Wednesday in an effort to establish a presence in the market dominated by the Galaxy S and iPhone.Motorola, the biggest U.S. mobile handset maker, said it plans to release its RAZRTM in the domestic market next month. It will be

IndustryOct. 19, 2011

Korea, Brazil agree to boost trade, investment

South Korea and Brazil have agreed to expand their bilateral trade and investment as part of efforts to boost their overall economic cooperation, officials said Wednesday. The countries also shared the view that they and other emerging countries should keep their fiscal health strong enough to shiel

Oct. 19, 2011

Korea, France to hold seminar on nuclear power promotion

The Korea Nuclear Energy Promotion Agency will hold a seminar to raise awareness of nuclear power on Friday at the National Assembly, KONEPA officials said Wednesday.A series of events hosted by KONEPA including Friday’s seminar and workshops have been taking place to ease public anxiety after the J

Oct. 19, 2011

Seoul runs job fair for U.N., global finance bodies

The government plans to run a recruitment drive for Korean posts at United Nations agencies and other international institutions this Friday at Korea University in Seoul, the Finance Ministry said Wednesday.Finance Ministry and Foreign Ministry officials will explain the work and personnel policies

Oct. 19, 2011

Buyers line up for savings banks

Potential bidders include Hyundai, Korea Investment and KiwoomCompetition to take over distressed savings banks has grown heated among investors after financial authorities began the process of selling six savings banks on Friday.The stock brokerage sector has emerged as the most active investor in

Oct. 19, 2011

Samsung sends mixed signals to Apple

Samsung heir apparent Lee mentions close ties in talks with Tim CookHONG KONG/SEOUL ― Samsung Electronics’ top executives sent mixed signals on Wednesday over its patent battle with Apple Inc. amid speculation about a possible new attack from the U.S. tech leader aiming to undercut the allure

IndustryOct. 19, 2011

GS’s Huh calls for crisis management

GS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure with no exception,” Huh said. “When the storm clear

IndustryOct. 19, 2011

Samsung, Google unveil Galaxy Nexus

New Android-powered phone to compete with Apple’s iPhone 4SHONG KONG ― Samsung Electronics and Google Inc. unveiled the first smartphone running on the Android’s latest mobile operating system at a global launch event in Hong Kong on Wednesday.“We’re very excited to be introducing our next-generatio

IndustryOct. 19, 2011

Regulators pile more pressure on ‘corporate greed’

Financial firms rebut mounting criticism over compensationKorea’s financial regulators continued their push to force the local financial industry to shape up, but changed their tone, mindful of excessive meddling in the private sector.The industry is under fire for getting away with large paychecks

Oct. 19, 2011