Most Popular
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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Ex-president's daughter investigated for drunk driving accident
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Seoulites celebrate coexistence at Wellness Seoul 2024
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S. Korea, Singapore seal supply chain agreement
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Netflix, streaming platforms come under fire for loose ratings
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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20 minors registered as CEOs making over 100 million won
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Korean language teaching expert says demand has outstripped supply
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IFEZ to make Songdo more business-friendly
If one visits Songdo today, they would find that over the past decade, the place has been completely transformed from a muddy tract into a bustling international hub for both local and global companies.This transformation is the result of the hard work of the many involved parties, namely the Incheon Free Economic Zone Authority which governs the Songdo international business district.In a recent interview with The Korea Herald, IFEZ commissioner Lee Jong-cheol said he would continue to work on
June 1, 2014
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(Photo News) Homeplus celebrates Environment Day
Homeplus CEO Do Sung-hwan (left, back row) and eParan Foundation’s board of directors head Lee Seung-han (sixth from left, back row) poses with kids and participants of a painting contest hosted by eParan on Sunday in central Seoul to celebrate World Environment Day on June 5. EParan is a social contribution organization run by Homeplus. (Park Hyun-koo/The Korea Herald)
June 1, 2014
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Google gets removal requests after EU privacy ruling
Google Inc., complying with a top court ruling that backs European citizens’ right to delete personal information on the Internet, received 12,000 requests in the first day of offering an online removal form. The world’s biggest search provider set up the website on May 29, following a ruling by the EU Court of Justice earlier this month that citizens’ fundamental rights could be harmed by information on the Web and where there’s no public interest in publishing it. Google has also formed a grou
May 31, 2014
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SK hynix signs deal to acquire U.S. flash solution provider
SK hynix said Friday it has signed a deal to acquire part of U.S. data storage firm Violin Memory to enhance its presence in the fast-growing market for flash memory devices. Shares of the world’s No. 2 memory chipmaker rose to a 52-week high of 44,150 won on expectations that the deal would sharpen its edge in high-value-added semiconductors. Violin said SK hynix has agreed to pay about $23 million in cash to take over its computer expansion card division based on PCIe (Peripheral Component Int
May 30, 2014
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Daewoo E&C to start Yongsan apartment sales
A rendition of the Prugio Summit apartment complex in Yongsan, central SeoulDaewoo Engineering & Construction, a leading South Korean builder, said on Friday that it would begin allotting the Prugio apartment complex, dubbed the “Prugio Summit,” in Yongsan. Prugio is the apartment brand name of Daewoo E&C. Located directly in front of the Yongsan subway station, the residential and commercial complex comprises of two buildings ― a 38-story building and a 39-story building.The complex will offer
May 30, 2014
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Hanwha to provide career mentoring to rural teenagers
Employees of Hanwha Group, the country’s 10th-largest conglomerate by assets, are offering one-on-one online career-mentoring services to students in rural areas to help them explore career opportunities.The conglomerate on Tuesday agreed with ChildFund Korea and South Chungcheong Office of Education to organize the online mentoring program for students from five middle schools in rural areas for the next 12 months.“The program was developed as part of the group’s social responsibility efforts,”
May 30, 2014
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KEPCO completes $2.5b Saudi Arabian power plant
State-run Korea Electric Power Corp, the county’s biggest utility firm, said Friday it finished building a 1,204-megawatt thermal power plant in Rabigh, Saudi Arabia.“It is the biggest power plant project in Saudi Arabia, completed by an independent power producer,” KEPCO said in a press release. KEPCO CEO Cho Hwan-ik took part in the ceremony with other VIPs, including Saudi Deputy Minister for Electricity Saleh Bin Hussein Al Awaji to celebrate the competition of the mega-power project. Saudi
May 30, 2014
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Coupang raises $100 million from U.S. venture capital
Coupang, a leading social commerce company in Korea, announced on Thursday it raised $100 million from Sequoia, a California-based venture capital firm. It is the first time Sequoia has injected funds to a Korean company, Coupang added, claiming that Sequoia’s investment decision reflects the U.S. investor’s high interest in the nation’s fast growing e-commerce market. “Most of all, top management of Sequoia was impressed with Coupang’s world-class shopping experiences offered to customers throu
May 30, 2014
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Olympus’ three products recognized by Edison Awards
Olympus, a precision technology leader, said Thursday its three medical device products attained Edison Awards.Three products awarded are Endoeye Flex 3D, Thunderbeat and the BF-190 Bronchoscope, all of which were recognized at the awards ceremony in the category of science and medicine, the company said. The distinguished Edison Awards, named after American inventor Thomas Alva Edison, is offered to innovative companies and products in the world. Frank Bonafilia, Edison Awards’ executive direct
May 30, 2014
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POSCO E&C to develop vanadium mine in Australia
POSCO E&C, a construction arm of steelmaker POSCO, said Friday it has signed a memorandum of understanding with a mineral explorer to develop a large vanadium mine in Australia’s Northern Territory. The company said the deal reached late last week with Australian mineral resource developer TNG calls for joint feasibility studies to be conducted at the Mount Peake mine. Once a decision is made to move forward, POSCO E&C will take part in the construction and engineering aspects of the project. Th
May 30, 2014
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LG shares get boost from G3 release
LG Electronics traded near this year’s high on Friday on hopes that its latest high-end smartphone, the G3, would help pull its money-losing handset business out of the red.Shares of LG Electronics closed at 72,900 won on the Seoul bourse, down 1.62 percent from this year’s high of 74,100 won, after hitting an intra-day high of 74,800 won at one point. For the past four sessions, its stock price has gained more than 6 percent as foreign and institutional investors scooped up the tech giant. On W
May 30, 2014
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LG gets boost from latest smartphone G3
South Korea's LG Electronics Inc. traded near this year's high on Friday on hopes that its latest high-end smartphone, the G3, would help pull its money-losing handset business out of the red.Shares of LG Electronics closed at 72,900 won on the Seoul bourse, down 1.62 percent from this year's high of 74,100 won, after hitting an intra-day high of 74,800 won at one point.For the past four sessions, its stock price has gained more than 6 percent as foreign and institutional investors scooped up th
May 30, 2014
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Samsung unveils new digital health platform
Samsung announced a new digital health vision with the introduction of Simband, a health-tracking wristband, and its big data cloud platform SAMI, at the company’s digital health event in San Francisco. “We can do more in the health care sector, by combining the advancement of what we have seen in mobile technology with hardware, sensors, algorithms, behavioral science, big data and the cloud,” said Samsung Electronics’ chief strategy officer Young Sohn, wearing a prototype of the rectangular wr
May 29, 2014
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BMW Korea turns enthusiasts on
BUSAN ― BMW appeared determined to help spur the Busan International Motor show, having almost doubled its exhibition space from 2012 by showcasing all the cars it had been planning to launch in the latter half of this year. Among the plethora of models, the 4 Series Gran Coupe seemed to best embody the German luxury carmaker’s knack for creating niches that just don’t seem possible. M4BMW was long famed for its 3 Series sedans, wagons, coupes, convertibles and M cars, but it has rebranded the
May 29, 2014
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[Herald Interview] Juice it up!
In 2005, 40-year-old Aussie Joseph Mervyn Cross decided to consume nothing but vegetable juice for two months. At the time, he weighed almost 145 kilograms and suffered from an autoimmune disease that forced him to take the steroid prednisone for years to ease the pain. His doctors told him he would die early. But after switching to the juice diet, Cross’ weight dropped to 100 kilograms and his health gradually improved. Eventually, he was able to stop taking medicine altogether. That wasn’t all
May 28, 2014
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ACI endorses talent program to boost aviation market
Global aviation officials agreed that the burgeoning aviation industry requires a broader talent pool, the Airports Council International assembly said in a press conference at Coex in southern Seoul on Wednesday.“We need to broaden the pool for aviation talent and attract more people into the industry,” said Angela Gittens, the director general of ACI world.The demand for aviation industry personnel and facilities is growing rapidly all over the world, and this is especially so for the Asia-Pac
May 28, 2014
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POSCO spurs global presence in car steel sheet business
POSCO, the nation’s top steelmaker, is spurring global expansion in its automotive steel sheet business, having set the goal of becoming the world best steelmaker in this segment. POSCO is currently one of the top three steelmakers along with ArcelorMittal and Nippon Steel in annual production capacity of car steel products. “Steel products used for cars is one of the seven strategic product categories for the group’s future growth,’’ POSCO chairman Kwon Oh-joon said in a recent investor relatio
May 28, 2014
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Han Sung Motor CEO gives lecture on successful design
Ulf Ausprung, chief executive of Han Sung Motor, the largest dealer of Mercedes-Benz cars here, gave a special lecture on successful design at Hongik University on Wednesday. It was the second time for the German CEO, who has passion for both cars and design, to meet the students of the prestigious art school in Seoul. During the lecture, entitled “Keys to successful design,” he stressed the relevance of design across industries and its increasing importance in modern society. Ulf Ausprung, CEO
May 28, 2014
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LG Electronics’ G3: Key features
LG Electronics has rolled out its new feature-rich G3, which is focused on the more frequently used user interfaces such as the camera and keyboard in an attempt to give users what they most want out of a smartphone. Further, despite the growing line of health-related functions by other device makers, the company declared it has done away with the heart rate sensor. The G3 is also not waterproof. The most notable feature of the G3 appeared to be the laser auto focus, which helps shoot sharper im
May 28, 2014
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Kumho Tires bets big on electric vehicle tires
Kumho Tires, South Korea’s leading tire maker, is betting big on tires for full-electric vehicles as the company’s future growth engine. “Years of experience in the EV market will give us a competitive edge when more electric vehicles go into mass production and become more popular,” a Kumho Tires official said. With governments toughening environmental regulations, carmakers have poured more resources into the emissions-free electric-powered vehicles in recent years, which also provides a boon
May 28, 2014