The Korea Herald

isMedia CEO puts success down to trust with employees

Compact Camera Module Test Equipment (isMedia)CEO hopes to make company a dream workplace for employees’ childrenisMedia, a Korean venture firm that produces test equipment for compact cameras, is basking in a smartphone boom as both a contributor and a beneficiary.The company’s products test the ca

IndustryOct. 13, 2011

isMedia CEO puts success down to trust with employees

GM to produce all-electric Chevy Spark in 2013

U.S. giant automaker sees no industry convergence on energy source used to power vehiclesDETROIT ― There will not be a predominant low-emission technology in the automotive industry, a senior General Motors official said Wednesday, emphasizing the importance of developing more than one alternative e

IndustryOct. 13, 2011

GM to produce all-electric Chevy Spark in 2013

Global LTE phone market to quadruple in 2012

The global market for long-term evolution mobile phones is expected to surge four-fold to around 32 million units in 2012, fueled by strong consumer demand, an industry report said Thursday.The report by Strategy Analytics, a global research and consulting firm, predicted market size will expand an

Oct. 13, 2011

SaKong says leadership needed in world economy

The world needs firm political leadership and robust governance to resolve the ongoing economic calamity and maintain sustainable growth, said SaKong Il, chairman of the Korea International Trade Association.Accompanying President Lee Myung-bak for his five-day state visit to the U.S., SaKong gave a

IndustryOct. 13, 2011

SaKong says leadership needed in world economy

BOK holds rate, citing growth worries, inflation

Analysts see no rate hike through Q1 next yearThe Bank of Korea kept the key interest rate steady at 3.25 percent for the fourth straight month on Thursday, as worries over the weakening global economy outweighed concerns about the country’s high inflation.“The global economy is forecast to stage a

Oct. 13, 2011

BOK holds rate, citing growth worries, inflation

Plan to limit small payments scrapped

Data shows small card payments account for 30.6% of total transactionsThe Korean government is expected to keep the current credit card payment system, a turnaround from its previous stance announced on Monday, backing down to protests from small retailers and consumers. The Financial Services Commi

Oct. 13, 2011

Deadly Black Death bug hasn't changed, but we have

WASHINGTON (AP) -- Scientists have cracked the genetic code of the Black Death, one of history's worst plagues, and found that its modern day bacterial descendants haven't changed much over 600 years.Luckily, we have.The evolution of society and medicine _ and our own bodies _ has far outpaced

TechnologyOct. 13, 2011

Deadly Black Death bug hasn't changed, but we have

Samsung to counter Aussie court’s tablet PC ruling

SEOUL, Oct. 13 (Yonhap) -- South Korean tech behemoth Samsung Electronics Co. said Thursday it will take immediate legal action against an Australian court ruling that temporarily banned sales of its latest tablet computer. "Every legal action and other measures will be taken to ensure that Samsung'

IndustryOct. 13, 2011

Big businesses plan to invest more this year

SEOUL, Oct. 13 (Yonhap) -- South Korea's 600 largest conglomerates plan to increase investments by 13.7 percent in 2011 but actual spending may be cut due to the global economic slowdown, a poll showed Thursday.The survey conducted by the Federation of Korean Industries (FKI) showed local businesses

IndustryOct. 13, 2011

BOK freezes key rate at 3.25 percent for 4th month

SEOUL, Oct. 13 (Yonhap) -- South Korea's central bank held steady the key interest rate on Thursday for the fourth straight month as the global economic outlook remains dimmer and inflation growth eased.Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day

Oct. 13, 2011

KORUS FTA big boon to S. Korean auto parts makers

SEOUL, Oct. 13 (Yonhap) -- South Korean auto parts makers are expected to benefit the most from the implementation of a free trade pact between South Korea and the United States, analysts said Thursday.The U.S. Congress approved the bilateral free trade agreement(FTA) on Wednesday, which is expected

IndustryOct. 13, 2011

BlackBerry outages spread to North America

NEW YORK (AP) _ BlackBerry users across the world were exasperated Wednesday as an outage of email, messaging and Internet services on the phones spread to the U.S. and Canada and stretched into the third day for Europe, Asia, Latin America and Africa. A dummy BlackBerry handset stands at a shop in

IndustryOct. 13, 2011

BlackBerry outages spread to North America

KEB sale to gather pace as Lone Star gives up appeal

SEOUL, Oct. 13 (Yonhap) -- Lone Star Funds' decision not to appeal a Seoul court verdict is expected to speed up the U.S. buyout fund's long-stalled plan to sell its controlling stake in Korea Exchange Bank (KEB), clearing legal uncertainties that have blocked the sale, market watchers said Thursday

IndustryOct. 13, 2011

Apple wins ban on Samsung Galaxy Tab 10.1 sales in Australia

SYDNEY, Oct 13, 2011 (AFP) - US technology giant Apple on Thursday won a temporary ban on Samsung selling its Galaxy Tab 10.1 in Australia after launching legal action on the grounds that it copied Apple's top-selling iPad.The Federal Court handed down its long-awaited judgement in Sydney but said t

TechnologyOct. 13, 2011

80 percent of US boys use condoms the first time

CHICAGO (AP) _ A surprising 80 percent of teenage boys say they are using condoms the first time they have sex, a government survey found in a powerful sign that decades of efforts to change young people's sexual behavior are taking hold.But another promising trend _ a drop since the 1980s in the nu

TechnologyOct. 13, 2011

BlackBerry outages spread to North America

NEW YORK (AP) _ Sporadic outages of BlackBerry messaging and email service spread to the U.S. and Canada on Wednesday, as problems stretched into the third day for Europe, Asia, Latin America and Africa.Research In Motion Ltd., the Canadian company that makes the phones, said users in the Americas `

TechnologyOct. 12, 2011

Samsung replaces smartphone feature to bypass Dutch ban

Samsung Electronics Co., the world's No. 2 mobile phone maker, said Wednesday that it has replaced a feature in its Galaxy smartphones to avoid a sales ban in the Netherlands.The company, which is locked in a series of legal battles with Apple Inc. over mobile patents and design, faced a sales ban i

TechnologyOct. 12, 2011

Samsung replaces smartphone feature to bypass Dutch ban

Tax breaks to boost electric car sales

The government proposed on Wednesday tax cuts worth up to 4.2 million won ($3,600) for purchasers of electric vehicles, as part of its bid for next-generation transportation that is convenient, affordable and energy-efficient.Starting next year, all electric car buyers will receive a 5-percent reduc

IndustryOct. 12, 2011

Ex-Lone Star Korea CEO appeals ruling

Paul Yoo, former CEO of Lone Star Korea, has appealed to the Supreme Court against Seoul High Court’s Oct. 6 verdict that he engaged in manipulation of Korean stocks in 2003.But the appeal is only related to his individual case and not the financial authorities’ ongoing probe into U.S.-based Lone St

Oct. 12, 2011

Seoul shares end up 0.81% on brokerages, refiner gains

South Korean stocks finished 0.81 percent higher Wednesday as investors snapped up shares of brokerages and oil refiners, brushing off concerns over U.S. corporate earnings, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI added 14.48 points to close at 1,809.5, ext

Oct. 12, 2011