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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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Wealthy parents ditch Korean passports to get kids into international school
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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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First snow to fall in Seoul on Wednesday
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Man convicted after binge eating to avoid military service
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Gyeongju blends old with new
![[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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Samsung, LG fight for 3-D tech supremacy
Samsung emphasizes smarter online features, LG claims brighter, clearer pictureKorea’s electronics powerhouses, Samsung and LG, are embroiled in a bitter war of words trumpeting the superiority of their 3-D TV technologies. The two top TV makers are pinning high hopes on the next-generation moving picture which promises to create lucrative revenue sources.The battle is becoming increasingly intens
IndustryMarch 10, 2011
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BOK raises key rate to 3 pct to tame inflation
South Korea's central bank raised the key interest rate on Thursday by a quarter percentage point in a bid to put a lid on growing inflationary pressure sparked by rising oil and food prices. Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers hiked the benchmark seven-day repo rate, dubbed the base rate, to 3 percent, following a rate freeze in February. It marked the fourth rat
March 10, 2011
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Ssangyong Motor emerges from court protection
Ssangyong Motor Co., Korea‘s smallest automaker, emerged from bankruptcy protection Wednesday following the sale of its stake to Indian utility vehicle maker Mahindra & Mahindra Ltd., the company said in a regulatory filing.Ssangyong, previously owned by China’s Shanghai Automotive Industry Corp., has been under court protection since February 2009 when its Chinese parent abandoned it in the face
IndustryMarch 9, 2011
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KRX OKs listing of Hana Financial‘s new shares
Korea’s bourse operator on Wednesday gave the green light to Hana Financial Group Inc.‘s request to list its new shares on the local bourse, a move expected to expedite the group’s takeover of the country‘s fifth-largest lender.Hana Financial’s new shares will start trading on Thursday, the Korea Exchange (KRX) said in an e-mailed statement, adding that the decision was reached upon a comprehensiv
March 9, 2011
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[Herald Interview] Korea hopeful of G20 progress on global imbalance
The Group of 20 major economies are likely to come up with different numerical current account targets for each member nation in April to correct global trade imbalances, said Sohn Byung-doo, director general of the newly established G20 bureau at the Finance Ministry.Updating on the G20 agenda, Sohn said the G20 is on its way to delivering optimum trade surplus and deficit targets that cater for
March 9, 2011
![[Herald Interview] Korea hopeful of G20 progress on global imbalance](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/09/20110309000971_0.jpg&u=20110309193923)
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South Korea to bolster support for exports of nuclear plants
South Korea plans to bolster the country’s financing capabilities, aiming to back its firms with more plant-building projects overseas, the government said Wednesday. The government said it is planning to launch a task force led by the Ministry of Strategy & Finance, in collaboration with the Ministry of Knowledge Economy and financial institutions such as Financial Services Commission, Ex-Im Bank
IndustryMarch 9, 2011
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Women get executive positions in technology firms
In the early days of her 30-year career, Lee Young-hui, executive vice president for Korea’s telecom titan KT Corp., said that she had to challenge the norm and work hard to earn even things taken for granted by her male colleagues. “I didn’t imagine promotion was possible for women,” Lee told Yonhap News Agency in a recent interview in her office south of Seoul. “Back then, women were not even el
IndustryMarch 9, 2011
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Starbucks’ new word-free logo debuts
SEATTLE (AP) ― Starbucks customers saw something new Tuesday when they sipped their coffee.The Seattle-based company rolled out its new words-free logo Tuesday on all its cups. Signs also changed at a handful of stores, and the new logo will show up on more storefronts in the future.The Associated Press first reported in January that Starbucks was updating its logo and would introduce it this mont
IndustryMarch 9, 2011
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Regulator to tighten savings bank rules
Korea plans to tighten supervision of savings banks after the government was forced to suspend eight lenders this year because they were unable to meet depositors’ withdrawal demands. The Financial Services Commission will stop setting favorable lending limits for savings banks that have a capital-adequacy ratio of more than 8 percent and a bad-loan ratio below 8 percent, the regulator said in a r
March 9, 2011
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Asiana to open new Incheon-Istanbul route
Asiana Airlines, the country’s No. 2 air carrier, said Wednesday that it began accepting reservations for its new route Istanbul-Incheon which will operate from March 29.The carrier will offer the flight three times a week ― every Tuesday, Thursday and Saturday ― to the Turkish city and each plane will be able to accommodate 299 people.The flights that will fly from Incheon every Tuesday and Satur
IndustryMarch 9, 2011
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SKT’s iPhone reservations begin
SK Telecom said Wednesday that about 28,000 people had signed up for its to-be-released Apple iPhone 4 in the first seven hours of registration.A total of 28,000 people made their registrations by 2 p.m. and the number was expected to increase to up to 100,000 people by the end of the day, according to company officials.The country’s leading mobile carrier also said that the first group of 10,000
IndustryMarch 9, 2011
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KEPCO to spend $1.8b on smart grid by 2015
Korea Electric Power Corp., Korea’s biggest electricity producer, plans to invest 2 trillion won ($1.8 billion) over the next five years in a smart grid as part of the government’s efforts to reduce carbon emissions. Adding two-way communications and other enhancements to the nation’s current power-transmission grid nationwide by 2030 may cut about 10 percent of Korea’s annual power consumption, w
IndustryMarch 9, 2011
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Banks’ capital adequacy slips on Hana dividend
Korean lenders’ average capital adequacy ratio fell in the fourth quarter after Hana Bank helped finance its parent company’s purchase of Korea Exchange Bank. The ratio, a measure of capital reserves against assets at risk under the Basel II standard, slipped to 14.6 percent at the end of December from 14.62 percent three months earlier, the Financial Supervisory Service said in a statement. The a
March 9, 2011
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Busan Jinhae gets $30m German investment
Germany-based industrial pump maker Wilo SE will invest $30 million in the Busan Jinhae Free Economic Zone, the BJFEZ Authority announced Wednesday.A memorandum of understanding for the investment was plan was signed by BJFEZ Authority commissioner Ha Myeng-keun and the German firm’s chief operating officer Holger Krasmann at Busan City Hall on Tuesday. Under the agreement, Wilo SE’s Korean arm Wi
IndustryMarch 9, 2011
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Central bank to focus on inflation
BOK officials point to drop in money supply growth to more than 5-year low in JanuaryThe Bank of Korea said Wednesday it would focus interest rate policy on firmly securing price stability as Asia’s fourth-largest economy will face upward inflation pressures on both the demand and supply fronts.The Korean central bank also said in a policy report to parliament that it would continue its effort to
March 9, 2011
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KB Financial focuses on customer value
Group provides more financial services, upholds transparency in governanceKB Financial Group is stepping up efforts to improve financial services and maximize customer satisfaction to better meet a fast changing business environment. The group was established in September 2008 under a long term growth plan and an extensive stock transfer from major subsidiaries.Its units include Kookmin Bank, KB K
March 9, 2011
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Japan machinery orders increase 4.2 percent
Japan’s machinery orders rose more than economists expected in January, signaling that companies will boost spending as economic recoveries abroad strengthen. Factory orders increased 4.2 percent from December, when they rose 1.7 percent, the Cabinet Office said Wednesday in Tokyo. Orders, an indicator of capital spending in three to six months, were projected to climb 3 percent, according to the
IndustryMarch 9, 2011
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Cathay Pacific triples annual profit
Cathay Pacific Airways Ltd. almost tripled annual profit after an increase in passenger numbers and a surge in cargo volumes that made it the world’s largest international air-freight carrier. Net income jumped to HK$14 billion ($1.8 billion) from HK$4.7 billion a year earlier, the Hong Kong-based carrier said in a statement to the city’s stock exchange Wednesday. The airline also said it had agre
IndustryMarch 9, 2011
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Roubini sees double dip if oil hits $140
Nouriel Roubini, the economist who predicted the global financial crisis, said an increase in oil prices to $140 a barrel will cause some advanced economies to slide back into recession. Underlying how fragile the global economic recovery is, Roubini said the European Central Bank may be making a mistake by raising interest rates “too soon” when debt-ridden countries on the euro region’s periphery
IndustryMarch 9, 2011
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Finance minister sees inflation as economic drag
Growing inflationary pressure is adding uncertainties to South Korea's economic recovery, the nation's top economic policymaker said Wednesday, calling for the government to crank up efforts to keep prices under control. "Inflation partly stems from supply-side shocks, such as higheroil prices and supply shortages of agricultural products caused byunseasonal cold spells and the foot-and-mouth di
March 9, 2011
![[Herald Interview] Korea hopeful of G20 progress on global imbalance](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/09/20110309000971_0.jpg&u=20110309193923)
