Most Popular
-
1
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
2
S. Korea not to attend Sado mine memorial: foreign ministry
-
3
Wealthy parents ditch Korean passports to get kids into international school
-
4
First snow to fall in Seoul on Wednesday
-
5
Man convicted after binge eating to avoid military service
-
6
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
7
[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)
-
8
BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
-
9
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
10
Nvidia CEO signals Samsung’s imminent shipment of AI chips
![[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)
-
KNOC buys stake in U.S. oil field
State-run Korea National Oil Corp. has purchased a 23.67 percent stake in a U.S. oil field from Anadarko Petroleum Corp. for US$1.55 billion, the government said Monday. The shale oil field in the Maverick Basin region in Texas near the U.S.-Mexico border is estimated to hold 491 million barrels of oil equivalent, said the Ministry of Knowledge Economy, adding that KNOC will secure 116 million B
IndustryMarch 21, 2011
-
Korea secures 1.7m barrels of overseas oil
South Korea has inked two oil deals in the United States and Kazakhstan meant to boost the country’s energy security. The state-run Korea National Oil Corp. has bought a stake in an unconventional oil field in Texas from Anadarko Petroleum Corp., the Ministry of Knowledge Economy said Monday.The firm now holds a 23.7 percent-stake in the shale oil field for which it paid $1.5 million and expects t
IndustryMarch 21, 2011
-
South Korea, Peru sign free trade agreement
South Korea formally signed a free trade agreement with Peru on Monday which would broaden its access to the Latin American country’s vast natural resources and fast-growing consumer market. The pact was inked by the two countries’ trade ministers, Kim Jong-hoon and Eduardo Ferreyros, in Seoul two years after they launched negotiations in March 2009. A preliminary deal was made last November. It i
March 21, 2011
-
KOGAS develops biggest LNG tank
Korea’s state-run Korea Gas Corp. said Monday that it has developed a design technology for the world’s largest liquefied natural gas tank. The tank has a storage capacity of 270,000 kiloliters, up 35 percent compared with that of the largest existing tank, helping reduce the construction cost per LNG tank by 23.5 billion won ($20.9 million), KOGAS said in a statement. The company said it is consi
IndustryMarch 21, 2011
-
Korean financial sector awaits 2nd ‘big bang’
With President Lee Myung-bak’s appointment of a new government financial regulator earlier this year, reform is once again a serious topic in Korea’s one-step-forward, two-steps-back financial services industry.“The most revolutionary area (of reform) will be the introduction of hedge funds,” said Ernst J. Lee, spokesperson for the Financial Services Commission, echoing recent pronouncements by hi
March 21, 2011
-
Small firms urged to improve competitiveness
Small and medium enterprises must take the lead in promoting balanced growth between large companies and their subcontractors, the commerce minister said Monday.In a meeting with heads of smaller companies, Knowledge Economy Minister Choi Joong-kyung said that in order for Korea’s economy to make the next leap forward, SMEs that largely act as subcontractors to conglomerates must become more globa
March 21, 2011
-
Korea needs stronger won to tame inflation: experts
Korea needs to engineer the local currency’s ascent against the U.S. dollar rather than raise interest rates to contain inflation more effectively, experts said Monday.The government, however, remains opposed to the idea, saying the currency issue should be approached in a broader context as it could have far-reaching ramifications over the overall economy.The argument comes as Korea’s inflation l
March 21, 2011
-
[News Focus] FSC pressed to settle Lone Star issue
Regulator likely to face criticism whether or not it supports own decisionThe market is focusing on the issue of whether financial regulators will endorse Hana Financial Group’s plan to acquire Korea Exchange Bank from Lone Star Funds in the coming weeks.The issue is gaining more interest after the Financial Services Commission declined to make a clear ruling on whether Lone Star has been eligible
March 21, 2011
![[News Focus] FSC pressed to settle Lone Star issue](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/21/20110321000868_0.jpg&u=20110321182306)
-
Hyundai Motor posts big sales gain in China
Hyundai Motor Co., Korea’s largest automaker, saw a great boost to its sales in China last month, becoming the third best-selling brand in the world’s largest market for automobiles, company officials said Monday.The company sold 50,717 vehicles in China last month, up 36.7 percent from the same period last year.The figure represents a near 30 percent drop from a month earlier when the company sol
IndustryMarch 21, 2011
-
Japan quake leads GM Korea to cut production
The Korean unit of General Motors said Monday it would reduce production this week by up to 10 percent because of a possible lack of parts from Japan following the devastating earthquake.GM Korea ― formerly GM Daewoo ― said it would stop four hours a day of overtime work from Monday at its plants in the western city of Bupyeong and in the southwestern port of Gunsan.The company said it would also
IndustryMarch 21, 2011
-
Korean consumers set sights on local food
Managers at Hansalim, Korea’s biggest cooperative of consumers, recently realized the depth of the food scare when they took a look at the surging number of their cooperative’s members. Established in 1986, Hansalim saw its membership swell by nearly 20 percent to 250,900 in January from a year ago, just by word of mouth. It spends almost nothing on public relations.The sharp increase in membershi
IndustryMarch 21, 2011
-
POSCO breaks ground on China steel mill
Plant in Guangdong to make steel sheets for cars in 2012POSCO, the world’s fourth-largest steelmaker, said it begun work Monday on a new plant in China to produce galvanized steel sheets for cars. The plant will be built on a 270,000 square-meter area in Guangdong, southern China in a joint project with the firm’s subsidiary Guangdong Shunde Steel Co. and the Guangdong Province government, the com
IndustryMarch 21, 2011
-
LCD prices keep falling after Japan quake
Prices of liquid crystal display panels have been falling since a devastating earthquake hit Japan earlier this month, industry data showed Monday, beating market forecasts that prices would trend higher on an undersupply.According to market research firm DisplaySearch, prices of LCD panels for 46-inch TVs came to $330 and those for 40 and 42-inch TVs stood at $234 as of Saturday, down about $4-14
IndustryMarch 21, 2011
-
Japan quake leads GM Korea to cut production
SEOUL (AFP) - The South Korean unit of General Motors said Monday it would reduce production this week by up to 10 percent because of a possible lack of parts from Japan following the devastating earthquake.GM Korea -- formerly GM Daewoo -- said it would stop four hours a day of overtime work from Monday at its plants in the western city of Bupyeong and in the southwestern port of Gunsan.The compa
March 21, 2011
-
What you should know about chronic coughing
A female patient visited the clinic after two months of persistent coughing. Initially she assumed that she had caught a common cold, but it was getting worse and made her lose bladder control now and again. She became worried that she might have lung cancer and decided to consult a doctor. Coughing is a common symptom of most respiratory disorders and is a common reason for patients of all ages t
TechnologyMarch 21, 2011
-
Audi introduces new Audi TT in S. Korea
Audi Korea, the local importer and distributor of luxury German car brand Audi, introduced the facelift version of the Audi TT sports coupe in South Korea Monday. Audi Korea introduced the new Audi TT (Yonhap News)The new Audi TT comes in two trims -- the Audi TT Coupe 2.0 TFSI Quattro and Audi TT Roadster 2.0 TFSI Quattro.They both come with a four-cylinder 2.0-liter gasoline engine that produces
MobilityMarch 21, 2011
-
Hyundai Heavy to ship packaged power stations to Japan
Hyundai Heavy Industries Co. will provide four packaged power stations for areas affected by the earthquake and the tsunami in Japan, the Ministry of Foreign Affairs and Trade announced Sunday.Packaged power stations are transportable electricity-generating equipment packaged into 40-feet shipping containers. The packaged power stations will be used to supply power to the cooling system at the dam
IndustryMarch 20, 2011
-
Samsung sending additonal relief aid
Samsung Group said Sunday it will make an additional donation of supplies to Japan amid a near rush by businesses here to help people in the neighboring country hit by the powerful earthquake and tsunami.The nation’s largest business group earlier gave 100 million yen ($1.23 million) and 2,000 sets of emergency relief supplies, worth about 30 million yen, to Japan’s Red Cross Society.The group wil
March 20, 2011
-
Extended Japan crisis could inflict damage on Korean companies
Damages to South Korean businesses from the quake in Japan are still limited, but they may become more visible and serious if the problems facing Japanese firms become prolonged, market observers said Sunday.The most direct damage to South Korean companies came from the loss of containers containing products awaiting delivery in Japan.The Korea Maritime Institute estimated the country’s shipping c
March 20, 2011
-
N.K. sends floral wreath for late Hyundai founder
North Korea has sent a wreath to Hyundai Group to commemorate the 10th anniversary of the death of Hyundai founder Chung Ju-yung, the conglomerate said Sunday, amid efforts by Pyongyang to improve ties with Seoul that quickly deteriorated following the North’s sinking of a South Korean warship and attack on a border island last year.The wreath from the North’s Korea Asia-Pacific Peace Committee wa
March 20, 2011
![[News Focus] FSC pressed to settle Lone Star issue](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/21/20110321000868_0.jpg&u=20110321182306)
