Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Jobs to unveil Apple software innovations
A man wait outside an Apple Store in Beijing, capital of China, May 6, 2011. (Xinhua-Younhap News)SAN FRANCISCO, May 31, 2011 (AFP) - Ailing chief executive Steve Jobs returns next week from sick leave to unveil Apple's latest generation of software, the firm announced Tuesday.The 56-year-old cancer survivor will present Apple's new operating system, dubbed "Lion," at a developers conference in Sa
TechnologyJune 1, 2011
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Experts say cellphones are possibly carcinogenic
(MCT)LONDON (AP) _ A respected international panel of experts says cellphones are possible cancer-causing agents, putting them in the same category as the pesticide DDT, gasoline engine exhaust and coffee.The classification was issued Tuesday in Lyon, France, by the International Agency for Research on Cancer after a review of dozens of published studies. The agency is an arm of the World Health O
TechnologyJune 1, 2011
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HSBC, Credit Agricole rapped for irregularities
Royal Bank of Scotland also faces sanction from financial regulatorFinancial regulators have taken punitive actions against two European bank branches for their irregular trading of derivatives and plan to reprimand another Europe-based bank operating in Seoul.In a statement Tuesday, the Financial Supervisory Service said it has issued a warning against the Seoul branch of HSBC Holdings plc and Cr
May 31, 2011
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Smaller gold rings: solution to surging prices
Korea is poised to stimulate the market for solid gold rings as the popularity of the traditional first-birthday gift has slackened in the face of skyrocketing commodities prices, the Ministry of Knowledge Economy said Tuesday. Gold prices per “don,” a Korean measure equivalent to 3.75 grams, have surged more than four-fold in six years to roughly 230,000 won ($213), the ministry said in a stateme
May 31, 2011
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Samsung, LG to jointly develop thin-film solar cells
Samsung Electronics Co. and LG Electronics Inc. will take part in a government-private research program to develop next-generation thin-film solar cells, officials said Tuesday.The program is one of the five research and development efforts to be pursued by the government and private sector up until 2013 at a cost of 700 billion won ($648 million), the Ministry of Knowledge Economy said.Samsung an
IndustryMay 31, 2011
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Merck seeks Korean partners for growth and diversification
Merck Korea, the local unit of German-based Merck KGaA, is looking to broaden ties with Korean companies to spearhead new technologies for future growth, its president Juergen Koenig said Tuesday. The world’s oldest pharmaceutical and chemical group has been expanding its sphere into new fields such as electronics, biotechnology and renewable energy in recent years. As part of its growth strategy,
IndustryMay 31, 2011
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Hyundai Heavy Q1 figures soar on ship, equipment sales
Hyundai Heavy Industries Co.’s first quarter revenues jumped 70.1 percent from a year ago buoyed by rising ship and construction equipment sales, the company said Monday.According to the regulatory filing, Hyundai Heavy posted first quarter sales of 12.7 trillion won ($11.8 billion), up 70.1 percent from the same period last year.The company’s operating profits for the period came in at about 1.71
IndustryMay 31, 2011
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China’s Baitong to invest $70 million in Jeju resort
The China-based real estate developer Baitong Group will invest $70 million in a resort complex development project on the South Korean island of Jeju.According to the Ministry of Knowledge Economy, Baitong Group plans to build condominiums on the southern island that will be sold to Chinese consumers. The Chinese company’s intentions were confirmed at an event held on the sidelines of a conferenc
May 31, 2011
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SKT spins off platform unit
SK Telecom, the country’s top mobile carrier, announced Tuesday it would split its platform division and create a new platform subsidiary, which will be in charge of non-mobile businesses, as early as October.“The company has made the decision to build a new subsidiary to form business operation structures and business cultures that are a good fit to the two separate telecom and platform sectors,”
IndustryMay 31, 2011
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African nations learn standardization from LG
LG Electronics, the flagship unit of LG Group, is passing down its know-how for standardizing technology to African nations to help bolster growth in the region, the Seoul-based company said.The African Organization for Standardization and the chiefs of technology standardization at eight other African countries gathered at the standardization test lab in LG Electronics’ research and development c
IndustryMay 31, 2011
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Major retailers face probe over commission charges
The Korea Federation of Small and Medium Businesses has launched a probe into major retailers including Lotte, Hyundai and Shinsegae over alleged anticompetitive practices such as imposing unfairly high commission fees on dealers, it said Tuesday.The non-profit organization will investigate whether merchants selling their products through major retailers are being bullied with commission fees far
May 31, 2011
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Industrial output grows 6.9% in April
Korea’s industrial output continued to grow in April, but its expansion pace slowed, raising concerns the nation’s economic recovery may be losing momentum, a government report showed Tuesday.According to the report by Statistics Korea, production in the mining and manufacturing industries rose 6.9 percent last month from a year earlier, decelerating from a revised 9 percent growth in March.On-yea
May 31, 2011
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Interest burden on household debt remains high
The interest payment burden on household debt has reached 480,000 won ($447) per head annually, the Bank of Korea said, revealing the exceedingly high level of loans and credit card bills taken up by the private sector.The figure from this March is the second-highest level after it reached a record high of 485,838 won for the one-year period ending last March.The central bank said private loans fr
May 31, 2011
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Ticket Monster launches business in Malaysia
Ticket Monster, the country’s largest social commerce firm, said Tuesday the company would launch its first overseas business in Malaysia in its first step into the market there.Daniel Shin, CEO and co-founder of Ticket Monster, said it recently acquired Everyday.com, which is a leading social shopping site in Malaysia.Malaysia was chosen because Ticket Monster expects the market there to grow sha
TechnologyMay 31, 2011
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[Herald Interview] App firm Podotree gears up for overseas expansion
Podotree, a local mobile application venture firm, is gearing up for overseas business expansion, with the goal of becoming the top player in the Japanese and U.S. markets, the company’s chief executive said Tuesday.In an interview with The Korea Herald, CEO Lee Jin-soo said the company released its Cube Dog 3-D Toy mobile application in global app stores, except the Japanese market, on Tuesday. T
TechnologyMay 31, 2011
![[Herald Interview] App firm Podotree gears up for overseas expansion](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/05/31/20110531000644_0.jpg&u=20110531184243)
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Social network services expand reach online
SNS increasingly used as tools for broadcast, dating, communication and shoppingChung Jang-hwan, CEO of business social network website Linknow, had never dreamed of being hired through such an online service before.Formerly employed at L&S Investment and AT&T, Chung posted his resume on the Korean Linknow site without pinning much hope on the move.However, he was called in for an interview by Lin
TechnologyMay 31, 2011
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Russia bans German, Spanish vegetable imports
MOSCOW (AFP) ― Russia on Monday banned the import of all vegetables from Germany and Spain and warned the sanction could soon be applied to the rest of Europe because of the deadly E. coli bacteria scare.The country’s consumer protection watchdog said in a statement that the ban covered “raw vegetables” including tomatoes, cucumbers and salad produced in Germany and Spain.Vegetables including Germ
IndustryMay 31, 2011
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74-year-old female body builder defies time
Ernestine Shepherd, 74, was recognized as the oldest female bodybuilder by the Guinness Book of World Records. (YouTube)A 74-year-old woman living in Baltimore was recognized as the oldest female bodybuilder by the Guinness Book of World Records, the Daily Mail reported Sunday. Ernestine Shepherd has “six-pack” abs which look unbelievable at her age and tries to motivate other people to lead healt
TechnologyMay 31, 2011
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Ireland may need more EU/IMF cash
IndustryMay 30, 2011
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Naver top ad platform in Korea
NHN Corp., Korea’s portal giant operating Naver and Hangame, proved itself a formidable advertising platform as its stake in the lucrative market reached 14 percent last year, a report showed Monday.According to the report by Digieco, a think tank affiliated with KT Corp., NHN’s ads sales topped 1.1 trillion won ($1.02 billion) last year, outstripping traditional leaders like newspapers and broadc
IndustryMay 30, 2011
![[Herald Interview] App firm Podotree gears up for overseas expansion](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/05/31/20110531000644_0.jpg&u=20110531184243)
