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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First snow to fall in Seoul on Wednesday
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
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Man convicted after binge eating to avoid military service
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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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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Obama soon to submit Korea FTA to Congress for ratification: Clinton
The Obama administration will soon present the pending free trade deal with South Korea to Congress for ratification, Secretary of State Hillary Clinton said Wednesday. "I hope that that agreement will be submitted soon and acted on soon by the Congress," Clinton told a Senate Foreign Relations Committee. "I think it is very much in America's strategic and economic interests."President Barack Ob
March 3, 2011
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Korea-EU FTA bill to be tabled in parliamentary committee
A ratification motion for the free trade agreement between South Korea and the European Union will be presented to a parliamentary committee on Thursday for approval, lawmakers said. The ruling Grand National Party aims to pass the Korea-EU FTA motion through the National Assembly Committee on Foreign Affairs, Trade and Unification next Wednesday after two days of intensive discussion at its leg
March 3, 2011
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S. Korea's industrial output grows 13.7 pct in Jan.
South Korea's industrial output grew for the 19th straight month in January, a strong indication that the national economy is continuing to expand, a government report showed Thursday. According to the report by Statistics Korea, production in the mining and manufacturing industries rose 13.7 percent last month from the same month a year earlier. The output has increased since July 2009. Outpu
March 3, 2011
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S. Korea's foreign reserves hit fresh high in Feb.
South Korea's foreign exchange reserves climbed to a new high in February as a weaker U.S. dollar boosted the conversion value of assets in other currencies, the central bank said Thursday. The country's foreign reserves reached US$297.67 billion as of the end of February, up $1.71 billion from the previous month, according to the Bank of Korea. The reserves rose for the third consecutive mont
March 3, 2011
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Seoul shares open higher on auto, tech gains
South Korean stocks got off to a strong start on Thursday, fueled by advances in shares of automakers and technology firms, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) rose17.37 points, or 0.9 percent, to 1,945.61 in the first 15 minutes of trading. Autos propped up the KOSPI with Kia Motors rising more than 2 percent and Hyundai Mobis, the country's largest auto par
March 3, 2011
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Stagflation looms large on extended inflation: experts
Consumer prices rise 4.5% in Feb.Consumer prices in February rose above the government’s target for the second month in a row amid signs of slower growth, bolstering concerns of stagflation.The Consumer Price Index advanced 4.5 percent from a year ago to a 27-month high, following January’s 4.1 percent gain from last year. The Bank of Korea targets inflation rates to remain at 3 percent level for
March 2, 2011
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Samsung scoops 30 design awards
Samsung Electronics Co. announced Tuesday that it won 30 prizes, including two top honors, at an international design exhibition.The Korean electronics giant said it grabbed 30 awards at the 2011 iF Product Design Award. Organized by the International Forum Design in Hanover, Germany, since 1953, the award recognizes products for their overall design, originality and their consideration for enviro
March 2, 2011
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Vizio overtakes Korean firms in N. American LCD TV market
Korean TV makers were overtaken by Taiwan‘s Vizio Inc. in North America’s liquid crystal display TV market last year, according to a market research firm Wednesday.Vizio sold 6.96 million LCD TVs in the United States and Canada, accounting for 18.2 percent of LCD TVs sold in the market last year, according to data from market researcher DisplaySearch. Samsung sold 6.72 million LCD TVs in 2010, cla
March 2, 2011
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LG wins import ban on PlayStations in Europe
LG Electronics Inc. said Wednesday that it has won an injunction from a Dutch court to temporarily ban Japanese electronics giant Sony Corp. from shipping PlayStation game consoles to Europe. “LG requested the import ban on products that infringed on our patents as part of our patent protection policy,” Yoon Won-il, LG’s spokesman at the company’s headquarters, said by phone. The order from a civi
IndustryMarch 2, 2011
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Carmakers count on green tech to offset costly fuel
GENEVA (AP) ― Mass-market automakers like Toyota, Fiat and Ford say green technologies on display at the Geneva Auto Show will help them weather the impact of skyrocketing fuel prices ― while less humble sports carmakers like Lamborghini flaunted their gas guzzlers.Companies rolled out a raft of new models ― including many electric, hybrid and more efficient conventional engines ― in a sign of ren
IndustryMarch 2, 2011
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European buyers to increase Korean imports after FTA
Korean exports to the European Union are expected to register solid gains once a bilateral free trade agreement takes effect, a local trade organization said Wednesday.The Korea Trade-Investment Promotion Agency (KOTRA) said a survey of Europe’s 26 largest importers showed they will increase their purchases of Korean products by up to 15 percent once the Korea-EU FTA is enforced.The trade deal, si
March 2, 2011
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Exports shore up local carmakers’ February sales
Improving overseas shipments boosted five South Korean carmakers’ sales in February, industry data showed Wednesday.Compared to February 2010, Hyundai Motor Co.’s sales increased by 12.1 percent to come in at just 281,000 units. Hyundai’s overseas sales recorded a year-on-year rise of 14.8 percent, while domestic sales increased by less than 500 units or 0.9 percent.The country’s second largest ca
IndustryMarch 2, 2011
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KB Kookmin Card targets No. 1 issuer
CEO says company will focus on product diversity and convergence with telecom sectorKB Kookmin Card set out its ambition to take the No. 1 position in the domestic market as the former Kookmin Bank unit, restarted as a separate corporation on Wednesday.KB Financial Group launched the stand-alone credit card firm eight years after the money-spinning unit was merged into the bank in 2003.The unit ha
March 2, 2011
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United Pharm launches elderly support project
Korea United Pharm. Inc., a local pharmaceuticals producer, launched a new social contribution project aimed at helping underprivileged senior citizens in Gangman-gu in southern Seoul on Monday.For the project, the company’s United Foundation signed an agreement with the Korean Senior Citizens Association and Gangnam-gu Office to collaborate on the project. Korea United Pharm CEO Kang Duk-young (r
IndustryMarch 2, 2011
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KT completes national 4G WiBro network
KT Corp. announced Wednesday that it has established a fourth generation wireless broadband (WiBro) network across the nation, enabling users to gain faster access to the Internet on their mobile devices.Pyo Hyun-myung, president of KT’s mobile business group, said the country’s top wireless Internet zone operator has set up the high speed network in 82 cities and on seven highways nationwide to k
IndustryMarch 2, 2011
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Media expert to head Walt Disney Korea
The Walt Disney Company announced on Wednesday it appointed Luke Kang, a broadcast media specialist, as new senior vice president and managing director for the Korean unit.Kang, a Korean-American, will oversee the unit’s strategy and business and coordinate Disney global franchises in the market, the company said in a statement. Luke Kang“The combination of Disney’s award-winning content with Kore
IndustryMarch 2, 2011
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Fleet expansion, push into generators may double Doosan orders
Doosan Engine Co., the world’s second-largest maker of ship engines, said orders may more than double this year as shipping lines resume fleet-enlargement plans and the company works to expand its non-marine businesses.Contracts may climb to 1.8 trillion won ($1.6 billion) from 890 billion won last year, chief executive Lee Sung-hee said in an interview at the engine maker’s headquarters in Changw
CompaniesMarch 2, 2011
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[Herald Interview] ‘Firms need to get trust of global opinion leaders’
The Korean corporate sector, despite its rapid industrial success and latest attempts to become a trusted member of the global corporate society, has yet to gain the full trust of global opinion leaders, an executive of PR firm Edelman said. In its annual survey for measuring trust in business, government, NGOs and media in over 20 nations, the company said that opinion leaders across the world le
IndustryMarch 2, 2011
![[Herald Interview] ‘Firms need to get trust of global opinion leaders’](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/02/20110302001020_0.jpg&u=20110302181509)
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[Meet the CEO] KORES spearheads Korea’s rare earth search
State-run mineral developer looks to Africa, South America to ensure stable supply of resourcesKorea Resources Corp. is at the forefront of Korea’s drive to secure stable supplies of natural resources including rare earths crucial to its high-tech economy.Global competition is growing to secure sources of 17 scarce metals used to make cutting-edge products such as mobile phones, electric cars, win
CompaniesMarch 2, 2011
![[Meet the CEO] KORES spearheads Korea’s rare earth search](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/02/20110302000834_0.jpg&u=20121017004654)
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Daewoo Shipbuilding wins 1.2 tln won drill ship orders
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, said Wednesday that it has won a 1.2 trillion won ($1.06 billion) order to build two drill ships.Under the deal with Aker Drilling of Norway, Daewoo Shipbuilding will deliver the vessels, used to explore for oil and gas wells in deep waters, by 2013, the company said in a statement.Daewoo Shipbuilding said it has an opt
IndustryMarch 2, 2011
![[Herald Interview] ‘Firms need to get trust of global opinion leaders’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/02/20110302001020_0.jpg&u=20110302181509)
![[Meet the CEO] KORES spearheads Korea’s rare earth search](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2011/03/02/20110302000834_0.jpg&u=20121017004654)
