Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
First snow to fall in Seoul on Wednesday
-
4
Man convicted after binge eating to avoid military service
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
S. Korea not to attend Sado mine memorial: foreign ministry
-
8
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
9
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
10
Job creation lowest on record among under-30s
-
Korea to build unmanned boats for research, surveillance
Korea plans to develop unmanned boats for maritime research and surveillance by investing 20 billion won ($18.5 million) over the next five years, the government said Tuesday.The automated boats will sail at a speed of up to 90 kilometers per hour within a 16 kilometers radius and avoid collisions with other vessels or obstacles, the Ministry of Land, Transport and Maritime Affairs said in a state
IndustryJune 14, 2011
-
Hyosung develops high-strength carbon fibers
Hyosung Corp., a Korean maker of chemicals and automatic teller machines, said Tuesday it has developed the country’s first high-strength carbon fibers, paving the way for the next-generation fabrics that are lighter, stronger and more elastic.The ultra-thin materials have stepped into the limelight in recent years as their low weight, high-tensile strength and temperature tolerance made them desi
IndustryJune 14, 2011
-
Samsung Electronics begins Olympic promotion
Samsung Electronics announced on Tuesday that it has begun its London Olympics promotion campaign. The promotion campaign sponsored by Samsung Electronics, which is the event’s official mobile telecom sponsor, will be held under the theme “Everyone’s Olympic Games.”The company also began the process of selecting the runners for the torch relay. Samsung Electronics plans to select young people from
IndustryJune 14, 2011
-
Most productive workforce shrinks
Trend is likely to continue, hurting economic competitiveness Core productiveThe most productive workforce aged between 25 and 49 has begun shrinking for the first time in recorded history, data showed on Tuesday, marking a trend likely to continue and weigh down on competitiveness of the economy.The Statistics Korea said the core productive population stood at 19.54 million as of end-2010, down 3
June 14, 2011
-
Institutional investors drive shares up 1.37%
Korean stocks ended 1.37 percent higher on Tuesday as institutional investors scooped up carmakers and financial shares, overshadowing concerns over the eurzone debt crisis, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index climbed 28.09 points to 2,076.83, the second straight session of gains.Trading volume was light at 207 million shar
June 14, 2011
-
Korea logs record account surplus with China
Korea posted a record current account surplus with China in 2010 as exports to the world’s fastest-growing economy hit an all-time high, the central bank said Tuesday.Korea’s current account surplus with China reached $52.8 billion last year, compared with a $37.9 billion surplus in 2009, according to the Bank of Korea.It marked the largest surplus since 1998 when the BOK began to compile related
June 14, 2011
-
Korea eyes electricity price hike
June 14, 2011
-
Korea to beef up efforts to curb household debt: FSC
Korea plans to beef up efforts to curb the growth of household debt and mend the practice of extending home loans in a bid to prevent household indebtedness from increasing market instability, the financial watchdog said Tuesday. Korea’s household debt stood at 801.4 trillion won ($738.2 billion) as of the end of March, accounting for 86 percent of the country’s gross domestic product. The number
June 14, 2011
-
[Herald Interview] ‘Ethics training imperative for bankers and regulators’
Deploying an industry wide business ethics program for bankers and regulators is imperative to uproot irregularities and cut long-held collusive ties, the chief Asia economist at HIS Global Insight said in Seoul on Tuesday.“Ethics need to be taught and shared among peer groups. Professionals above graduate level often have never had chances to train themselves on what is right and wrong in specifi
June 14, 2011
![[Herald Interview] ‘Ethics training imperative for bankers and regulators’](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/06/14/20110614000922_0.jpg&u=20110614190908)
-
Google introduces measures for disabled Web users
Google Korea introduced in Seoul on Tuesday the company’s efforts to make the Web accessible to everyone.“The work we do on accessibility is to make the information accessible to everyone ― seniors like your grandfathers and grandmothers, users who are blind and those who have hearing impairments,” said Google Inc. research scientist T.V. Raman at a press conference in Seoul.According to figures r
TechnologyJune 14, 2011
-
GNP still divided over TV ad sales bill
Failure of bill passage would likely damage smaller broadcasters: expertsAttention is being paid to the parliamentary passage of the controversial advertising broker bill as the National Assembly committee dealing with the issue is due to open its general meeting later this month.The opposition Democratic Party said Monday it decided to go with having a single advertising broker for public televis
TechnologyJune 14, 2011
-
IMF bars Fischer from race for top job
IndustryJune 14, 2011
-
Disgruntled iMac users may seek class action
An alleged defect occurring in Apple Inc.’s iMac computers appears likely to lead to a class suit against the IT giant. According to industry sources, Apple Inc.’s iMac computers can develop blots on the monitor under certain circumstances.The company had at first provided free replacements for products that have developed the problem, but has since stopped such services, claiming that the cause o
TechnologyJune 14, 2011
-
Regulator vetoes KDB’s bid for Woori
Korea's top financial regulator said Tuesday it is not desirable for KDB Financial Group Inc. to bid for state-run Woori Finance Holdings Co., raising the chances that the much-awaited sale of the group will hit a snag.Korea announced a road map for the sale of state-run Woori Finance, the country's No. 2 banking group, on May 17, after it suspended the deal worth around $6 billion to sell its 56.
June 14, 2011
-
Gandhi's 'face' found on Google Mars
An Italian named Matteo Ianneo claims to have found a mound on Mars that looks like a the face of Mahatma Gandhi, Space.com reported.He is one of space enthusiasts who are looking for interesting objects using Google Mars, a new online map pieced together from satellite images of the Red Planet.In the past few weeks he claims to have found vegetation, entrances to underground tunnels and city ruin
TechnologyJune 14, 2011
-
Full-timers in 50s become the most active workforce
The portion of the workforce in their 50s has frequently exceeded that in their 30s in the past two years, as the country quickly becomes an aging society.Statistics Korea said Monday that the number of baby boomers working in their 50s had exceeded the number of workers in their 30s four times since October 2009, when the older group outnumbered the younger workers for the first time. The proport
June 13, 2011
-
Hanwha, Merck sign license deal on biosimilar drug
Hanwha Chemical Corp., the country’s leading petrochemical firm, said on Monday it has reached a license agreement worth $720 million for its arthritis biosimilar with Merck Sharp & Dohme Research Ltd., a subsidiary of U.S. drugmaker Merck & Co.Under the deal, the two companies plan to develop and commercialize the drug candidate named HD 203 together. Merck secures its sales rights in all countri
IndustryJune 13, 2011
-
Korea Aerospace Industries celebrates its first export
Korea Aerospace Industries on Monday held a reception marking the export of its T-50 trainer jets to Indonesia.The T-50 is the country’s first supersonic jet developed in collaboration with the U.S. defense giant Lockheed Martin. The project took 2 trillion won ($1.8 billion) and 13 years to produce the T-50. T-50. (Korea Aerospace Industries)Under the $400 million contract, signed last month, wi
IndustryJune 13, 2011
-
Foreign carmakers’ market share rises to 6.5%
Foreign carmakers saw their combined market share in Korea climb by 1 percentage point over the past year.They captured 6.5 percent of the local market with sales of 42,700 vehicles between January and May, up from 5.5 percent with 34,318 units during the corresponding period of last year.In May, the foreign carmakers posted 6.8 percent market share by selling 8,777 units, according to the automot
MobilityJune 13, 2011
-
Korea ramps up efforts to detect offshore tax evaders
Korea is stepping up efforts to ferret out people and businesses engaged in offshore tax evasion schemes by directly investigating foreign financial accounts, the tax office said Monday.The National Tax Service said it will carry out the investigations in cooperation with tax authorities in foreign countries that have been cited for becoming tax havens for Korean nationals and companies. Individua
June 13, 2011
![[Herald Interview] ‘Ethics training imperative for bankers and regulators’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/06/14/20110614000922_0.jpg&u=20110614190908)
