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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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
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Economy to grow 4.3% this year: poll
Korea’s economy will likely grow 4.3 percent this year, falling short of a 5 percent expansion forecast earlier by the government due to external uncertainties, a poll showed Monday.According to the survey of 32 experts by the Federation of Korean Industries, the economy will likely expand 4.4 percent in the second half of this year, with 38 percent of those surveyed citing global economic uncerta
IndustryMay 30, 2011
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Jobs at listed firms hit new high in 2010
The number of jobs offered by South Korea’s listed companies soared to a record high last year as companies increased employment on the back of their strong earnings, data showed Monday.A total of 1.09 million people were hired by the 719 companies listed on the Seoul main stock index in 2010, up 10.8 percent from the previous year, according to the data by the Korea Listed Companies Association.
IndustryMay 30, 2011
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S-Oil to buy into poly-silicon producer
S-Oil Corp., the country’s third largest refiner, announced Monday that it will acquire a third of Hankook Silicon Co.’s stakes as part of its drive to expand into the renewable energy business.S-Oil said that the deal, which will see the refiner gain 33.4 percent of Hankook Silicon for 265 billion won ($245 million), will be finalized next month.The company said the decision to buy into the compa
IndustryMay 30, 2011
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SK Innovation breaks ground on new battery plant
SK Innovation Co., Korea’s top refiner, broke ground on its second plant Monday to produce batteries for electric vehicles, upping the ante for its fledgling green energy business as a next-generation revenue source.Located in Seosan, South Chungcheong Province, the facilities will start manufacturing 200-megawatt-hour batteries early next year and 300-MWh batteries by the end of 2012, SK Innovati
IndustryMay 30, 2011
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[Herald Interview] Edwards seeks bigger Asian presence with new plant
The decision to build a plant in Korea for manufacturing dry pumps for semiconductors was a natural one designed to give Edwards a leg-up in the Asian markets. “Korea is geopolitically well-situated to be able to export to the (Asian) markets due to its proximity to the customer, ability to form intimate relationships with them and concentration on technology and right quality of people,” Mathew T
IndustryMay 30, 2011
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STX shipbuilder gets $150m order from Greece
STX Offshore and Shipbuilding Co. announced Monday that it has won a $150 million contract from a Greek shipping company.The Changwon, South Gyeongsang-based shipbuilder said that the contract for four petroleum product carriers was signed with the Greek shipping firm Thenamaris Ships Management Inc. on Friday.The shipbuilder said that the first of the four vessels will be delivered to Thenamaris
IndustryMay 30, 2011
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Samsung invests $3b for Chinese LCD market
Electronics giant kicks off 7.5-generation display panel plant in SuzhouSamsung Electronics, the world’s No. 1 television maker, held a ground-breaking ceremony for a next-generation liquid crystal display plant in China in a drive to target the fast-growing Chinese market.A sales clerk inspects liquid-crystal display televisions at Samsung Electronics Co.’s store in Seoul. (Bloomberg)The company
IndustryMay 30, 2011
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SC First union ends one-day strike over pay
The union members of the Standard Chartered First Bank Korea ended Monday their one-day strike in protest of the management’s proposal to adopt a performance-based pay system.The union said it decided to return to work from Tuesday, adding that it would push for a meeting with the management to settle the labor dispute. “But if the negotiation makes little progress, we will go into another strike,
May 30, 2011
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Falling birthrate drives education spending down
The nation’s educational expenditure fell by the most in six years, mainly due to the declining number of students brought on by the country’s low birthrate, a state-run agency said Monday.The Statistics Korea said households with two persons or more spent 292,357 won ($269) monthly in education costs per child on average in the first quarter, down 14,434 won or 4.7 percent from same time last yea
May 30, 2011
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Uncertainties may hamper banks’ growth: Moody’s
Agency says consumer loan, M&A and foreign currency liquidity problems unlikely to ease soonMoody’s Investors Service on Monday highlighted several uncertainties in the local banking industry, saying that unfavorable factors could hamper banks’ long-term growth.Negative factors cited by the ratings agency included growing consumer loans, M&A issues and foreign currency liquidity.“A key credit issu
May 30, 2011
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Renault Samsung revs up new SM7
Renault Samsung Motors Co. is revving up to take on the country’s closely contested upper midsized sedan market with the revamped SM7.The revamped SM7, which will go on sale on the local market in the second half of the year, represents an opportunity for the company to gain ground in the local market. The new SM7. (Renault Samsung Motors Co.)With just under 2,500 units of the current SM7 sold on
IndustryMay 30, 2011
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Hana Bank expands in Asian market
Commercial bank develops creative financial products at homeHana Bank has been securing mutual investment with Chinese banks under its long-term vision to develop a future growth engine and diversify asset portfolios via overseas expansion.The commercial bank, which opened its first office in Shanghai 15 years ago, views China as one of the most lucrative markets.Over the past few years, the bank
May 30, 2011
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Tablets, 3-D in focus at future-shaping Taiwan IT show
TAIPEI (AFP) ― The question of how to get 3-D technology into every living room and a tablet computer into every hand is set to dominate Asia’s largest IT fair which opens in Taiwan this week.Around 1,800 exhibitors from across the world will descend on Taipei for the Computex fair, which runs from Tuesday to Sunday, hoping to generate an estimated $23 billion of sales from 36,000 buyers, organize
IndustryMay 30, 2011
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Lack of sleep causes child obesity: report
Children who do not get enough sleep on a regular basis are more likely to be overweight, a study showed.According to a research team at the University of Otago in New Zealand, children who sleep less had a reduction in body mass index (BMI) and a significant drop in their risk of being overweight.Researchers also found lower BMIs resulted from differences in fat mass, showing that poor sleep has
TechnologyMay 30, 2011
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Four planets will converge on last week of May
In this screegrab from a NASA video, the four planets align. (NASA) Jupiter, Venus, Mars and Mercury will align between Sunday and Tuesday this week and be met with a very thin line of the moon in a slow series of conjunctions, Space.com reported. The unusual convergence of the four
TechnologyMay 30, 2011
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Former state auditor arrested in influence-peddling scandal
A former state auditor and aide to President Lee Myung-bak was arrested Monday on charges of taking bribes from a now-suspended savings bank that was seeking his influence to avoid punishment for extending illegal loans and other irregularities.Eun Jin-soo, who resigned last week as a ranking member of the Board of Audit and Inspection (BAI), is accused of accepting 70 million won ($64,635) in cas
TechnologyMay 30, 2011
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Soldiers under probe for posting pro-Pyongyang messages on Internet
Korean military intelligence officials are investigating seven officers and soldiers for posting pro-Pyongyang messages on an online community that praises North Korea, military officials said Monday.About 70 military personnel were registered as members of the online community, called the "Cyber Command for Defense of Fellow Countrymen," and seven of them posted pro-North Korea messages there, of
TechnologyMay 30, 2011
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3 more pro football players arrested in match-fixing scandal
CHANGWON (Yonhap News) -- Prosecutors in this southern coastal city said Sunday they arrested three pro football players for alleged involvement in a widening game-fixing scandal.The three, all from Daejeon Citizen football club based in the central city of Daejeon, were the latest to be arrested by prosecutors in the probe that began earlier this month. Two other Daejeon Citizen players and two b
TechnologyMay 30, 2011
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Toyota president to visit S. Korea to shore up morale
The chief of Toyota Motor Corp., the world's biggest carmaker, is likely to visit South Korea later this week to shore up support here for the brand, industry sources said Sunday. Akio Toyoda will arrive here around Saturday for his first South Korean trip since becoming president of the company in 2009, the sources said, adding he will meet with Toyota dealers at their shop in Seoul among ot
IndustryMay 29, 2011
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