Most Popular
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Yoon warns North Korea against nuclear attack attempt
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Shut up and dance
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Seoul mayor suggests shift in immigration policy
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Israel targets Palestinian group in first strike on Beirut center
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Brit pop legend Oasis to perform in Seoul next year
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'Smart pill'? ADHD treatment prescriptions spike this year
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NASA spacecraft now circling Mercury _ a first
WASHINGTON (AP) _ For the first time, Earth has a regular orbiting eye-in-the-sky spying on the solar system's smallest and strangest planet, Mercury.NASA's spacecraft called Messenger successfully veered into a pinpoint orbit Thursday night after a 6 1/2-year trip and 4.9 billion miles (7.9 billion kilometers) and tricky maneuvering to fend off the gravitational pull of the sun. It is the fifth p
IndustryMarch 18, 2011
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Samsung eyes record operating profit in 2011
South Korean tech giant Samsung Electronics Co. said Friday that it aims to post a record operating profit for the whole of 2011 by cementing its leadership in existing businesses. "Competition among companies will intensify this year but we will try to extend revenue growth from last year and post a record-high operating profit," Choi Gee-sung, Samsung's chief executive officer, said in a stat
IndustryMarch 18, 2011
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Health fears rise amid Japan crisis
Fears about health risks rose dramatically in Japan on Tuesday with news of a greater radiation release and renewed warnings to remaining residents within 20 miles to stay indoors.Japanese officials said that more radiation was released at a nuclear plant disastrously damaged by last week’s tsunami. Prime Minister Naoto Kan said radiation had spread from four reactors.“The level seems very high, a
TechnologyMarch 17, 2011
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Korea’s imports from Japan dip
Korea’s imports from Japan have been plunging since the recent massive earthquake amid concerns that disruptions in supply of parts and materials from the neighboring country could hurt the economy here, customs data showed Thursday.Before the 9.0-magnitude quake struck Japan last Friday, Korea’s daily weekday imports from the country averaged $303.33 million for this month, according to the data
March 17, 2011
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Smaller companies hit harder by crisis in Japan
Korea’s small- and medium-sized exporters are struggling with delayed payments and a drop in orders from their Japanese partners whose operations were disrupted by the massive quake and tsunami last week.Government bodies and banks are stepping up financial assistance for such firms and trade agencies are operating emergency teams to closely monitor the extent of the damage. The powerful 9.0-magni
IndustryMarch 17, 2011
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Japan quake spells trouble for Korean economy
Foreign investment banks (IBs) see little short-term impact from last week’s earthquake in Japan on the Korean economy but they are concerned over its longer-term impact as the disaster could eventually hurt the nation’s exports by disrupting the parts supply from the neighboring country, a report showed Thursday.Recent reports on economic conditions at home and abroad by foreign banks including M
March 17, 2011
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Regulator gets tougher on savings bank owners
Financial Services Commission Chairman Kim Seok-dong on Thursday pledged to take stern action against major shareholders of savings banks for illegal lending and excessive risk taking.“Main shareholders engaged in unfair practices will face strict sanctions,” he said. “We plan to review major shareholders’ eligibility regularly and drive out of the market those failing to meet requirements.”He mad
March 17, 2011
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Passengers using budget carriers jump over 30%
The number of people who used Korea’s budget carriers jumped over 30 percent on-year in the first two months of the year as more people chose cheap fares for domestic flights, the transportation ministry said Thursday.According to the Ministry of Land, Transport and Maritime Affairs, passengers who used budget carriers totaled 1.45 million in the January-February period, up 31 percent from a year
IndustryMarch 17, 2011
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Won drops to year’s low on Japan nuke woes
Seoul shares end flat, investor sentiment remains fragileThe Korean currency slumped to its weakest level this year as a worsening crisis at a nuclear power plant in Japan prompted investors to favor safer bets than emerging-market assets.The won closed local trade at 1,135.3 per dollar, around a 38 percent retracement support line drawn between December 2010 and February 2011.It briefly weakened
March 17, 2011
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LG enters digital magazine ad market
By Kim Ji-hyunLG Uplus on Thursday said it has developed an exclusive application, which allows users to read magazines in their original paper format on tablet PCs, to signal its entry into the digital magazine advertisement market. The application is accessible from both Android and Apple operating systems running on tablets such as Galaxy Tabs and iPads so that publishers won’t have to create s
IndustryMarch 17, 2011
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Food prices feared to surge further
Wholesalers paying more for food, suggest higher grocery prices yet to come at storesWASHINGTON (AP) ― Americans are noticing higher prices at the grocery store, and it’s about to get worse.Food prices at the wholesale level rose last month by the most in 36 years. Cold weather accounted for most of it, forcing stores and restaurants to pay more for green peppers, lettuce and other vegetables, but
IndustryMarch 17, 2011
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Those in 40s least likely to quit smoking
One of the most popular resolutions is to quit smoking, but according to a research result, those in their 40s are most unlikely to stick to their pledge while those over 60s tend to keep their promises. According to the Korea Institute for Health and Social Affairs’ study of 800 adult male smokers registered at smokers’ clinics nationwide between 2006 and 2008, 18.4 percent have succeeded in quit
TechnologyMarch 17, 2011
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S. Korean firms mull evacuation of Japan-based workers
Several South Korean firms are considering evacuating their Japan-based employees or moving their operations to southern Japan amid growing concern over a nuclear crisis there, company officials said Thursday. Japan is battling to minimize nuclear disaster following Friday's devastating 9.0-magnitude quake and tsunami that claimed thousands of lives and crippled a nuclear plant 240 kilometers no
March 17, 2011
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Sales at discount outlets plunge in Feb.
Sales at the nation's major discount outlets fell sharply in February mainly due to a drop in consumer demand following the Lunar New Year's holiday, a government report showed Thursday.E-Mart (The Korea Herald) Total sales at the three leading discount outlets contracted 10.9 percent on-year last month, compared with a 21.4 percent surge reported in the previous month, the Ministry of Knowledg
IndustryMarch 17, 2011
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Seoul stocks open 1.19 pct lower on Japan nuke woes
South Korean stocks started 1.19 percent lower on Thursday as Japan's nuclear power plant problem rekindled investor jitters, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) plunged 23.27 points to trade at 1,934.7 in the first 15 minutes of trading. The deteriorating situation in Fukushima's crippled nuclear power plant, hit by last week's massive earthquake and tsunam
March 17, 2011
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[Herald Interview] Ssangyong looks to brighter future with Mahindra
After return to profit in 2010, carmaker hopes new models bring growth and stabilityWith its takeover by Mahindra and Mahindra Ltd. now complete, troubled carmaker Ssangyong Motor Co. is hoping to strengthen its product lineup, expand into new markets and rebuild its reputation. “Ssangyong caused much trouble for Korea, and to do this (revive the company) creditors and others involved had to make
IndustryMarch 17, 2011
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Japan disaster another worry for global economy
Japan’s earthquake and nuclear crisis have put pressure on the already fragile global economy, squeezed supplies of goods from computer chips to auto parts and raised fears of higher interest rates.The disaster frightened financial markets in Tokyo and on Wall Street on Tuesday. Japan’s Nikkei average lost 10 percent, and the Dow Jones industrials fell so quickly after the opening bell that the st
IndustryMarch 16, 2011
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Korea to send 52 tons of boron to stabilize Japan reactors
Korea is to send some of its reserves of a material used for regulating nuclear chain reactions to Japan to limit damage to its quake-damaged nuclear reactors. The Korean government said Wednesday that it will send an emergency shipment of boron following Tokyo’s request for the metalloid, which is being mixed with seawater to limit damage at crippled nuclear facilities in Fukushima. Tokyo has ask
March 16, 2011
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LG Group to enhance R&D
LG Group will beef up its research and development efforts focusing on energy, displays, home electronics and health care, the country’s fourth largest business group said Wednesday.LG will increase its researchers and R&D budget by about 25 percent to about 3,100 and to 4.7 trillion won ($4.1 billion) this year, it said. About 5,000 of 9,000 new recruits would be allocated to R&D sections.“We wil
IndustryMarch 16, 2011
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Samsung dilutes Lee’s remarks
Samsung on Wednesday rushed to once again water down Samsung Electronics Chairman Lee Kun-hee’s recent remarks that appeared to be critical of government policies, saying that his comments did not reflect his true intentions. Kim Soon-taek, chief of Samsung’s strategic planning unit, told a weekly CEO meeting that the chairman was “disturbed because what he said was not what he meant.” Kim also sa
IndustryMarch 16, 2011