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
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
8
S. Korea not to attend Sado mine memorial: foreign ministry
-
9
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
10
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
Samsung's new Galaxy Tab to go on sale in U.S. next week
Samsung Electronics Co., the world's second-largest mobile phone maker, said Thursday that its new Galaxy Tab tablet computer will hit U.S. shelves next week, mounting a challenge on Apple Inc.'s iPad 2.The wireless-fidelity (Wi-Fi) version of the Galaxy Tab 10.1 will be launched on June 8 through the U.S. retailer Best Buy Co., Samsung said in a statement.The upcoming Android-based tablet, which
IndustryJune 2, 2011
-
Under pressure, SKT leads phone fee cut
The government announced its telecom fees discount plan on Thursday, which included a 1,000 won cut in SK Telecom’s basic service fees and 50 free text messages every month.The Korea Communications Commission, the state telecom regulator, said it agreed with SKT, the country’s top mobile carrier, to provide a 1,000 won discount for all customers, along with more text messages, both beginning in Se
June 2, 2011
-
Hyundai-Kia grabs 10% of U.S. market
Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their U.S. market share exceed 10 percent for the first time in May, mainly thanks to robust demand for new models.The automakers under the wing of Hyundai Motor Group sold 107,426 vehicles in the United States last month, up 21 percent from a year earlier.They captured 10.1 percent of the American market, where the total sales of global aut
MobilityJune 2, 2011
-
CJ Group to bid for Japan’s Hayashibara
CJ Group, the country’s largest food company, is bidding to take over Japan’s biggest food-additive maker, Hayashibara, reportedly in consortium with Japanese private equity firm Unison Capital.CJ confirmed the bidding scheduled for July but declined to comment on its consortium with Unison capital.Acquiring Hayashibara is part of CJ Group’s plan to expand into amino acids and other biochemical fo
IndustryJune 2, 2011
-
Volvo recalls 192 cars for faulty fuel, steering systems
The Ministry of Land, Transport and Maritime Affairs announced Thursday that Volvo Cars Korea is recalling the S60 and XC90.The recall applies to 182 S60 vehicles produced between June 22, 2010 and May 18, 2011 that have faulty fuel pump controlling software that could cause the engine to be switched off while driving.Further six S60 vehicles produced between Jan. 20, 2010 and Jan. 28, 2011 found
IndustryJune 2, 2011
-
S-Oil to help fund child liver transplants
S-Oil Corp. said Thursday it has given funds to children in low-income families for their liver transplant surgeries.The country’s third-largest oil refiner has been supporting 26 children suffering biliary atresia since 2009 through company and employee donations. The rare symptom among infants means that bile ducts ― long tubes carrying bile for digestion ― between the liver and the small intest
IndustryJune 2, 2011
-
Airlines add new routes and planes
Asiana Airlines opened two new routes to Vietnam from Busan, while Korean Air announced that the Airbus A380 will go into service on June 17.On Thursday, Asiana Airlines began operating daily flights to Hanoi and Ho Chi Minh City in southern Vietnam from Busan. Asiana Airlines chief executive Yoon Young-doo (left) poses with pilots at the ceremony marking the opening of the Busan-Ho Chi Minh City
IndustryJune 2, 2011
-
Hyundai Heavy aims to be global top 3 robot maker
Hyundai Heavy Industries set sights Thursday on the top three spots in the booming global robot market with its new plant ready to enter full-swing production.The world’s top shipbuilder said it has remodeled and expanded existing production lines three times at its headquarter in Ulsan, a major industrial port city on the southeast coast of Korea, which began in September to meet surging demand f
IndustryJune 2, 2011
-
Korea’s household debt figures ‘overstated’: Goldman Sachs
U.S. investment banking giant Goldman Sachs said Thursday that Korea’s household debt figures are exaggerated, and a liquidity crunch among indebted households is unlikely to occur, thanks to the country’s foreign exchange system.“We think that widely quoted household debt figures are overstated in Korea. ... The numbers, widely quoted by the press, overstate the extent of household indebtedness s
June 2, 2011
-
Korea’s foreign reserves slide
Korea’s foreign exchange reserves shrank in May from the previous month as a stronger U.S. dollar reduced the conversion value of assets in other currencies, the central bank said Thursday.The country’s foreign reserves reached $305.08 billion as of the end of May, down $2.12 billion from April’s record high of $307.2 billion, according to the Bank of Korea. It was the first monthly decline since
June 2, 2011
-
Seoul shares fall 1.27% on U.S., Greek strife
Korean stocks sank 1.27 percent on Thursday as investor sentiment was dented by downbeat U.S. economic data and a cut in Greece’s credit rating, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index tumbled 27.14 points to 2,114.2. Trading volume was moderate at 245.9 billion shares worth 7.19 trillion won ($6.7 billion), with losers outnumb
June 2, 2011
-
KDB set to adopt ‘dual bank’ after merger with Woori
KDB Financial Group on Thursday expressed its wish not to merge the Korea Development Bank and Woori Bank for years even if it acquires Woori Financial Group.A group executive said, “a dual bank system on a long-term basis will be adopted under the scenario of the merger between KDB Financial and Woori Financial.”He dismissed the speculation that Woori Bank would be absorbed into the state-run KDB
June 2, 2011
-
[Herald Interview] ‘Every corporation should embrace clean technologies’
Global corporations should pursue revenue opportunities in such clean technologies as solar cells and smart-grids to keep up with the trend toward a low-carbon economy, said Gil Forer, the head of Ernst & Young’s global cleantech unit.Forer said corporations should take advantage of transformational opportunities and adopt clean technologies.“A number of factors including the growth in world popul
June 2, 2011
![[Herald Interview] ‘Every corporation should embrace clean technologies’](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/06/02/20110602000433_0.jpg&u=20110602184136)
-
LG chief fosters creation, innovation
Koo tells staff to ceaselessly search for new opportunitiesLG Group chairman Koo Bon-moo touted the importance of creation and innovation, as the single most effective way to lead the market, the Seoul-based company said Thursday.“Constantly creating new things is the only way we can lead the markets,” Koo said at LG’s 19th session of the company’s gathering to spearhead innovative business held M
IndustryJune 2, 2011
-
BAT Korea sells superpremium Dunhill
British American Tobacco Korea announced Thursday that it will introduce “Dunhill SWITCH” cigarettes on the local market on June 7.The Dunhill SWITCH, which will be priced at 3,000 won ($2.8), comes in packaging with the “RELOC” inner wrapping, the company said.According to the company, which holds the patent on the inner wrapping method, RELOC is a re-sealable double cover that provides additiona
IndustryJune 2, 2011
-
One third of employers see skills shortage: ManpowerGroup
One in three employers worldwide is experiencing difficulty filling vacancies due to lack of available talent despite an over-supply of available workers, staffing company ManpowerGroup said Thursday.In its sixth annual Talent Shortage Survey, the U.S.-based company said 90 percent of employers across Asia, Europe, the Middle East and Africa have problems filling critical positions, citing a lack
June 2, 2011
-
Philip Morris Korea names new chief
Philip Morris International Inc., the multinational tobacco group, said Wednesday it has appointed Chong Il-woo as managing director for the Korean unit.Chong, 49, will oversee management and orchestrate the unit’s strategy and business, the company said. Chong Il-wooPrior to the new post, Chong headed the Malaysia, Singapore, Thailand and Indochina operation for the U.S.-based conglomerate. He st
IndustryJune 2, 2011
-
‘Why do you stick to eating meat?’
Vegan doctor says vegetarian diets can meet all nutrient needsWhen asked why he promotes vegetarianism, Yoon Sung-chul, professor of nephrology at Dankook University Medical College, responded in Kind: “Why do you stick to eating meat?” he asked.“I have numerous reasons why we should be vegetarians. How about you?” he said in a Korea Herald interview.On May 21, Yoon took part in the inauguration o
TechnologyJune 2, 2011
-
Wine, wellness, not the best mix for boomers
DECATUR, Georgia ― As baby boomers approach their golden years, they are embracing wellness and wine ― two things that don’t always go together.While a glass of red wine a day may reduce the risk of heart disease, many boomers are drinking a lot more and not realizing they are increasing their potential risks for other serious health problems, ranging from alcohol abuse disorders to chronic diseas
TechnologyJune 2, 2011
-
Cervical cancer: preventable with shot, screening
Cervical cancer is the third most common cancer and fourth-leading cause of cancer mortality in women worldwide. More than half a million women are diagnosed with cervical cancer every year and the annual mortality rate for cervical cancer is more than 270,000. Unfortunately, the incidence rate of our country (15 in 100,000 women) is much higher than that of other developed countries (less than si
TechnologyJune 2, 2011
![[Herald Interview] ‘Every corporation should embrace clean technologies’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/06/02/20110602000433_0.jpg&u=20110602184136)
