Most Popular
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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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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Wealthy parents ditch Korean passports to get kids into international school
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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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.'
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[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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S. Korea to inject 54.3 bln won into smart TV development
The government said Wednesday that it plans to inject 54.3 billion won (US$49.8 million) this year to help local companies maintain their lead in the global smart TV market.The joint plan announced by the ministries of knowledge economy and culture, and the Korea and Communications Commission calls for concerted efforts to build up smart TV-related contents and the establishment of a viable Intern
IndustryApril 6, 2011
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Bundang residents lead healthiest lifestyle: study
(MCT)Bundang has the lowest smoking and drinking rates among cities in Gyeonggi Province, statistics showed Monday. The research was conducted on 41,000 Gyeonggi residents who visited local health care centers in the region in September, October and November. Among the visitors, residents of Bundang, one of the wealthiest cities in Gyeonggi province, showed the lowest smoking rate at 17.2 percent.
TechnologyApril 6, 2011
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Merck donates $1.2m to help Japan
Leading German pharmaceutical and chemical firm Merck KGaA said Thursday that it will donate $1.2 million to help relief works in Japan.Most of the amount will be entrusted to Save the Children, while the rest will go to Merck’s Japanese subsidiary which will decide on the use of the money. “We sincerely hope that the situation in Fukushima will be controlled soon … Merck will support Japan in tha
IndustryApril 5, 2011
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[News focus] Telecoms brace for bandwidth auction
Regulator to sell rights to 2.1 GHz spectrum this year; major firms keen on acquiringKorean telecom carriers are engaged in a high-stake competition to win a new wireless broadband spectrum which the state media regulator Korea Communications Commission is to put on auction this year. Auctioning of the 2.1 gigahertz radio spectrum was part of the revised radio regulation law passed by the National
TechnologyApril 5, 2011
![[News focus] Telecoms brace for bandwidth auction](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/05/20110405000556_0.jpg&u=20110405195019)
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Bernanke: Fed to improve financial oversight
Regulators to up supervision of nation’s financial plumbing to prevent another crisisWASHINGTON (AP) ― Regulators are working closely to strengthen oversight of inner workings of the nation’s financial system, part of a broader effort to prevent a repeat of the 2008 financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.The financial overhaul law enacted last year directs the Fed and
IndustryApril 5, 2011
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GM Korea launches Chevrolet Captiva
GM Korea Co., the Korean unit of U.S. automaker General Motors Co., unveiled the new Chevrolet Captiva sports utility vehicle in Korea on Tuesday.The new Captiva is the first Chevrolet SUV to be launched here since GM Korea, formerly GM Daewoo Auto & Technology, decided to replace all its GM Daewoo vehicles with Chevrolet models.The Captiva is the fifth Chevrolet vehicle to be launched here with t
MobilityApril 5, 2011
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New share sale to boost prospects of Hynix sale: analysts
The stalled sale of Hynix Semiconductor Inc. is likely to speed up as creditors of the chip maker are considering selling new shares to resume efforts to unload their stakes, market watchers said Tuesday.Creditors of Hynix plan to resume the process to sell a 15 percent stake in the world’s No. 2 computer memory chip maker following a set of failed attempts to sell it. Investors have been wary of
IndustryApril 5, 2011
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Korean companies hope to boost ties with Malaysia
Korean companies expect to step up cooperation with Malaysian businesses in the green energy sector, the head of a leading local business organization said Tuesday.“We want further cooperation (between the two countries’ companies) in the green energy sector such as in biofuels and batteries for electrical vehicles,” said Sohn Kyung-shik, chief of the Korea Chamber of Commerce and Industry (KCCI),
April 5, 2011
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SaKong to speak at Trilateral Commission
SaKong Il, chairman of Korea International Trade Association and G20 Summit Korea Coordination Committee, will attend the Trilateral Commission annual meeting April 8-10 in Washington, KITA said Tuesday.SaKong will address the “G20 and global governance” at the meeting which will also be attended by officials including former Canadian Prime Minister Paul Martin and Lawrence Summers, former U.S. Tr
IndustryApril 5, 2011
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Hotel Shilla faces tax audit: officials
The National Tax Service has launched an inspection into Hotel Shilla, led by Samsung Electronics chairman Lee Kun-hee’s eldest daughter Lee Boo-jin, officials said Tuesday.The first tax inquiry into the company since 2006 is expected to focus on recent business developments, including its successful negotiations with Louis Vuitton to open a store for the French designer brand in Incheon Internati
IndustryApril 5, 2011
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[Herald interview] U.S. law firm hopes for opportunities with Korean investors
While the U.S. is a major market for financial investors across the world, its complex financial laws represent a major hurdle for those looking to invest in the country. For the New York-based law firm Kirby McInerney LLP, which specializes in complex commercial litigations, that blind spot offers handsome opportunities for business with largely Asian investors who need help to navigate through i
IndustryApril 5, 2011
![[Herald interview] U.S. law firm hopes for opportunities with Korean investors](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/05/20110405000993_0.jpg&u=20110405185953)
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Hanwha sets up solar energy firm
Hanwha Group said Tuesday it has launched new company to spearhead its expanding solar power business at home and abroad.The new venture, named Hanwha Solar Energy, will be at the center of the group’s vertically integrated solar energy business, from equipment to facilities to power generation. It will also push for cooperation with partners in North America and Europe, the company said. The firm
IndustryApril 5, 2011
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S-Oil cuts prices of gasoline, diesel
S-Oil Corp., Korea’s third-largest oil refiner, said Tuesday that it will cut the supply prices of its gasoline and diesel by 100 won ($0.9) per liter starting Thursday, following market leader SK Innovation’s suit.The firm’s directly managed stations nationwide will thus reduce its retail fuel prices by the amount, it said. The price reduction will last for three months.“We made the decision in o
IndustryApril 5, 2011
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Inflation picture worsens as food prices rise
Leading processed food companies and franchises have upped their prices in the past week, adding to the already-high inflationary pressure.The industry-wide increase arrived following an almost 10 percent price hike by sugar manufacturers in December. The industry’s No. 4 DongA One said it will raise wholesale prices of flour by 8.6 percent starting Tuesday.Haiti Confectionary & Foods increased wh
April 5, 2011
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Ho-Am prize recognizes social contributions
Ho-Am Foundation on Tuesday awarded the Ho-Am Prize to four individuals and one institution to recognize their contribution to improving human lives and promoting public welfare.This year’s prizes went to Professor Ha Taek-jip of the University of Illinois for science, Professor Thomas Lee of Standford University for engineering, Professor Augustine Choi of Harvard Medical School for medicine, vio
IndustryApril 5, 2011
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Budget deficit less than forecast
Korea’s government budget deficit and liabilities in 2010 came in at less than previously forecast, thanks mainly to faster-than-expected growth in Asia’s fourth-largest economy, the Finance Ministry said on Tuesday.The government debt grew more than 30 trillion won ($27.6 billion) last year from a year earlier as the government had to expand borrowing to fill its budget shortfalls.According to a
April 5, 2011
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FSS faces hurdles in Lone Star ruling
Some lawyers claim the U.S. fund should not have been allowed to buy KEBFinancial regulators face a bumpy road in their scheduled ruling on whether Lone Star Funds was eligible to acquire Korea Exchange Bank in 2003.Over the past few weeks, the Financial Supervisory Service asked 10 major law firms to make legal reviews on the U.S. buyout fund’s eligibility as KEB’s biggest shareholder.At least on
April 5, 2011
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Korea to forge mobile commerce network
South Korea will forge a mobile radio-frequency identification network in metropolitan regions by the end of the year to promote mobile commerce, the Ministry of Knowledge Economy said Tuesday.The technology allows users to pay for items by flashing RFID-imbedded mobile phones in front of wireless readers.The RFID system has already been used in the country for transportation cards and wireless ex
IndustryApril 5, 2011
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Australia leaves key rate steady
Australia’s central bank left its benchmark interest rate at the highest level in the developed world as floods disrupt coal mining in the nation’s northeast and a rising currency tempers inflation. Reserve Bank of Australia Governor Glenn Stevens held the overnight cash rate target at 4.75 percent for a fourth straight meeting, as forecast by all 25 economists surveyed by Bloomberg News. He calle
IndustryApril 5, 2011
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Google founder hopes to prove he's ready to be CEO
SAN FRANCISCO (AP) _ Larry Page has the vision, passion and intelligence that Google Inc. needs in its next leader. Yet as he becomes CEO Monday, the Google co-founder must prove that his aloofness, rebellious streak and affinity for pursuing wacky ideas won't alienate investors and lead the company astray.He's taking over amid emerging threats from rapidly growing rivals and more vigilant re
TechnologyApril 5, 2011
![[News focus] Telecoms brace for bandwidth auction](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/05/20110405000556_0.jpg&u=20110405195019)
![[Herald interview] U.S. law firm hopes for opportunities with Korean investors](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/04/05/20110405000993_0.jpg&u=20110405185953)
