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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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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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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S. Korea not to attend Sado mine memorial: foreign ministry
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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[Meet the CEO] Head hunter bolsters global network
Honors Career is Korea’s first member of prominent global allianceLocal executive search firm Honors Career International is seeking to further bolster its presence in the market through a fresh global network and profound local expertise, its chief executive Chris Kim said. The firm became a member of IRC Global Executive Search Partners, a prominent international alliance of independent retained
IndustryMay 4, 2011
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For most, lunch time not just for a meal
One out of four workers prefers doing something more productive during lunch time than just eating, according to a survey.In a research conducted by Saramin, an online recruitment website in Korea, about quarter of participants said they were “lunch tourists.” The term refers to those who spend lunch break just for themselves, rather than having a long meal or interacting with colleagues.Out of th
May 4, 2011
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HMA posts record April sales due to recovering economy
WASHINGTON (Yonhap) -- Hyundai Motor America announced all-time record April sales on Tuesday as the world's biggest economy continues to stabilize after the worst recession in decades. HMA sold 61,754 units, up 40 percent from a year earlier. The figure for the first four months of this year is 204,374 vehicles, up 31 percent from 155,532 during the same period last year. Hyundai's sister co
May 4, 2011
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Foreign ownership of S. Korean stocks tops 400 tln won
Foreign ownership of South Korean stocks exceeded the 400 trillion won ($374 billion) mark for the first time ever in April on their brisk buying spurred by strong corporate earnings, the financial regulator said Wednesday. Foreign investors' holdings of local shares amounted to 412.51 trillion won as of the end of April, or 30.8 percent of the total market cap, according to the monthly report b
May 4, 2011
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FSS official apparently committed suicide
An official of South Korea's financial regulator apparently jumped to his death on Tuesday, but the incident does not appear to be related to a scandal involving a local savings bank, police and the Financial Supervisory Service said, according to Yonhap News. The official, identified only by his surname Kim, was bleeding when he was found by a security guard at the entrance of an apartment on Tu
May 4, 2011
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Foreign reserves top $300 billion
Disputes over optimum level may resurfaceSouth Korea’s foreign exchange reserves have surpassed $300 billion for the first time, up more than 50 percent from 2008 global financial crisis.The Bank of Korea reported Tuesday that foreign reserves reached a new high of $307.2 billion at the end of April, up $8.58 billion from a month earlier.The amount also posted growth of 52.6 percent compared to $2
May 3, 2011
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Hanwha Group adopts new values in drive for growth
Hanwha Group will follow the principles of “challenge, dedication and integrity” as it seeks to innovate its operations in its drive to become a global player, the company announced Tuesday.Excluding state-run companies, Hanwha Group is the country’s 10th largest conglomerate. Hanwha Group chairman Kim Seung-youn (left) shakes hands with a representative of Hanwha employees at the ceremony declari
IndustryMay 3, 2011
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LG Uplus Q1 profit plunges 90% on costs
South Korea’s smallest mobile carrier, LG Uplus Corp., said Tuesday that its first-quarter earnings tumbled 90 percent from a year ago, hit by higher costs and lower revenues from subscribers. Net income reached 57 billion won ($54 million) in the January-March period, compared with 543 billion won a year earlier, the company said in a regulatory filing.Sales fell 13 percent from one year ago to 2
IndustryMay 3, 2011
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Banks’ earnings inch up
South Korean banks saw their earnings inch up 1.2 percent in the first quarter from a year earlier thanks to increased interest income, the financial regulator said Tuesday.The combined net income of 18 local banks, including top player Kookmin Bank and state-run Korea Development Bank, came to 4.4 trillion won ($4.1 billion) in the January-March period, compared with 4.3 trillion won a year earli
May 3, 2011
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Samsung chairman coming out of shell?
Samsung Electronics Chairman Lee Kun-hee on Tuesday met executives of Samsung financial affiliates to discuss management issues at the company’s headquarters in southern Seoul as a part of his regular visits to the Seocho head offices. Lee, who had previous not frequented the Seocho headquarters, recently began meeting executives at Samsung affiliates, starting with key aides such as Kim Soon-taek
IndustryMay 3, 2011
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Seoul pushes benefit sharing for mutual growth
New scheme suggested as alternative to controversial ‘profit-sharing’ planThe government will encourage big businesses to share the benefits of cost reduction and technology development with their smaller subcontractors, as an alternative scheme after conglomerates blasted its controversial profit-sharing plan.The Ministry of Knowledge Economy said that sharing benefits would be a more viable opti
May 3, 2011
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Hana Tour travel show to open May 20
The Hana Tour International Travel Show will be held at the KINTEX exhibition center in Goyang, Gyeonggi Province from May 20 to 22.The show, organized by the country’s top travel agency Hana Tour Services Inc., will have booths displaying travel options by region and theme, the company said. Visitors browse last year’s Hana Tour International Travel Show at KINTEX in Goyang, Gyeonggi Province. (H
IndustryMay 3, 2011
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KEB set to decide on quarterly dividends
Korea Exchange Bank will convene a board meeting next week to determine whether to pay quarterly interim dividends, the bank said Tuesday, raising the chances of its biggest shareholder Lone Star Funds raking in profits.Board members are scheduled to meet on Monday to discuss the issue, and the potential dividend payout will be based on the bank’s first-quarter earnings due out on the same day, Ko
May 3, 2011
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Major builders’ Q1 orders fall 10%
New orders won by South Korean major builders dropped 10 percent in the first quarter from a year ago mainly due to a slump in the domestic market, a trade association said Tuesday. According to the Korea Federation of Construction Contractors, 31 builders won new orders worth 18.8 trillion won ($17.6 billion) in the January-March period, compared with 20.9 trillion won a year ago. The builders’ d
IndustryMay 3, 2011
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FSS, BOK probe more banks
Authorities look to stem risks from currency speculationThe nation’s financial regulator and the central bank said Tuesday they would increase the number of banks dealing with foreign currency trading, which would be subject to their ongoing joint probe.The period of their joint inquiry into the foreign exchange banks will also be extended, according to the Financial Supervisory Service and the Ba
May 3, 2011
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Internet banking use rises 6.3% in Q1
The use of Internet banking in South Korea rose 6.3 percent in the first quarter from three months earlier as more people conducted financial transactions online, the central bank said Tuesday.Online banking transactions reached an average of 38.7 million per day in the January-March period, compared with 36.4 million the previous quarter, according to the Bank of Korea (BOK). The data is based on
TechnologyMay 3, 2011
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SKT increases network investment to new level
SK Telecom said Tuesday that it will invest an additional 300 billion won ($280.12 million) in network establishment this year, raising the total sum to 2.3 trillion won, up from 1.8 trillion won last year.This year’s investment portfolio, which amounts to 17.3 percent of expected sales for this year, is the largest amount ever chipped in by the country’s biggest mobile carrier. The company invest
IndustryMay 3, 2011
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Korea International School goes digital with MacBooks
SEONGNAM Gyeonggi Province ― Korea International School has navigated uncharted waters by going digital to help students learn the necessary skills for college and the real world.“One to one education is using the computer to enhance to delivery of curriculum and allowing students the ability to differentiate, to learn at their own pace and own time,” said Tim Bray, a math teacher at the school wh
IndustryMay 3, 2011
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Hangeul domain names to debut
Registrations for Hangeul domain names accepted from this month amid douThe nation’s top telecommunications regulator announced Tuesday that it will begin accepting registrations for Korean-letter domain names later this month.The Korea Communications Commission said that the Korea Internet and Security Agency will be in charge of the registration process and it will first collect the preferred do
TechnologyMay 3, 2011
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Top 10 science & technology tasks in 2011
Korea needs to create opportunities for growth by reinforcing link between research and FTAsThis is the 44th in a series of articles introducing the Korean government’s R&D policies. Researchers at the Science & Technology Policy Institute will explain Korea’s R&D initiatives aimed at addressing major socioeconomic problems facing the nation. ― Ed.The science and technology community is filled wit
TechnologyMay 3, 2011
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