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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S. Korea, Singapore seal supply chain agreement
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Seoulites celebrate coexistence at Wellness Seoul 2024
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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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GE Oil & Gas Korea names GE Korea executive as head
GE Korea said Tuesday that Park Jang-won, the GE Korea executive in charge of the company’s growth strategy, had been concurrently named as country executive for GE Oil & Gas Korea. In Korea, GE Oil & Gas provides solutions and services for all segments of the oil and gas industry to clients in the offshore and marine, engineering-procurement-construction, steel, and petrochemical sectors.Visal Leng, regional general manager of GE Oil & Gas Asia Pacific & ANZ said, “Based on Park’s past experien
April 1, 2014
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Biospace’s anti-obesity device gains U.S. FDA approval
Biospace’s InBody device is drawing attention from consumers at home and abroad as an obesity prevention tool. The world’s first body composition analysis device that uses an eight-point tactile electrode method, InBody has received regulatory approval from the U.S. Food and Drug Administration and in other countries such as Japan.The device gives readings for the percentage of a person’s weight accounted for by fat, muscle, free fluid and other variables.Biospace has performed clinical tests on
April 1, 2014
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Daewon GSI: From rice processor to cosmetic maker
Daewon Global System Integration saw a prosperous niche market in the crop-processing business and, thanks to its foresight, the company is now the world’s unrivalled leader in color grain sorters.In 2009, Daewon GSI won a government award for breaking $30 million in exports, an accomplishment largely boosted by the sales of its patented color sorters.After obtaining the first government approval back in 1994, the company successfully developed the first photodiode color sorter in 1997 and the f
April 1, 2014
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[Herald Interview] Procurement agency pledges full support for small businesses
Smaller companies are often at a disadvantage when it comes to competing for government contracts, partly due to heavy red tape. “The main goal of all of our business innovations is so that everyone who is involved may be able to more easily and quickly join the system,” Min Hyung-jong, administrator of the Public Procurement Service, explained in a recent interview with The Korea Herald.Min is one of the few chiefs of the agency who has been promoted from within. In addition to having more than
April 1, 2014
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Retech expands presence in road management vehicles
Retech, Korea’s largest manufacturer of road management vehicles, has been recognized for its advanced technology in snowplows, road sweepers and high-pressure water sprinklers.Established in 1994, the company developed its specialty in snow-clearing equipment and in 2002, successfully localized the production of snowplows which had previously been dependent on imports.It recorded $13.4 million in exports last year and currently has a 70 percent or higher share in the domestic special vehicle ma
April 1, 2014
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Daejin Kostal goes global with paper-shredding technology
Daejin Kostal is gaining recognition in overseas markets such as the U.S., Russia, Japan, Taiwan, Brazil and the Middle East as a competitive manufacturer of paper shredders.The company, based out of Bupyeong-gu, Incheon, has captured 70 percent of Korea’s paper shredder market. It provides 35 different types of products to the Public Procurement Service, financial authorities, military units and other government agencies.The multi-stage shredder of Daejin Kostal, one of its representative produ
April 1, 2014
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Ssangyong Motor sales soar 23% in March
Ssangyong Motor Co., the local unit of Indian sport utility vehicle maker Mahindra & Mahindra, said Tuesday that its sales soared 23 percent on-year in March on the strength of consumer demand for its popular Korando family of rugged off-road vehicles.The carmaker's total sales hit 13,232 units last month compared with 10,761 vehicles sold a year earlier. Domestic sales reached 5,850 units, a 18.8 percent increase from the same one-month period in 2013. Exports, including knockdown kits, were ta
April 1, 2014
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Hyundai Motor's sales jump 10.6% in March
Hyundai Motor Co., South Korea's No. 1 automaker, said Tuesday that its March sales jumped 10.6 percent from a year earlier, helped by the launch of new cars and a rise in production at home and abroad.The company said it sold 431,532 cars last month, with domestic sales rising 3.1 percent to reach 57,812. Overseas shipments gained 11.9 percent to 373,720 cars.On the domestic front, sales of the premium Genesis sedan reached 3,187 units, a three-fold gain from a year before, it said.The Grandeur
April 1, 2014
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Asiana, Boeing clash over cause of crash
Asiana and Boeing appear to be in conflict over the cause of the fatal crash of an Asiana passenger jet at San Francisco International Airport in July 2013.On Tuesday, Asiana said that pilot error and defects in the aircraft’s auto throttle system were the combined cause of the crash. “The probable cause can be found in the very slow air speed that made the B777-200ER stall,” the company said in a statement that came hours after USA Today reported that Asiana acknowledged for the first time that
April 1, 2014
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Kia Motors' March sales jump 15.2%
Kia Motors Corp., South Korea's second-largest automaker, said Tuesday that its sales jumped 15.2 percent in March from a year ago, mainly helped by more overseas demand.The carmaker said it sold a total of 272,002 units overall last month, up from 236,076 a year earlier.Of all cars sold, sales in the home market contracted 1.3 percent on-year to 39,005 units, while overseas sales stood at 232,997, an 18.5 percent increase from March 2013, the company said in a statement."Despite economic uncert
April 1, 2014
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Asiana says pilot error, defects in auto throttle system caused San Francisco crash
Asiana Airlines Inc., South Korea's No. 2 flag carrier, said Tuesday that pilot error and defects in the auto throttle system combined to cause the fatal crash of its passenger jet at San Francisco International Airport last year. The company said in a statement that probable cause can be found in the very slow air speed that caused the B777-200ER carrying 291 passengers to stall.It said the pilot of flight 214 did not realize the plane was not maintaining proper air speed as it approached the r
April 1, 2014
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Festival aims to bring design, nature together
The K-Style Design Festival will kick off on the first weekend of this month at Yangjae-dong to usher in the spring with innovative thoughts on design, according to the festival organizers on Monday.The festival will be held at The K-Hotel for three days, from April 4-6, under the theme of “eco-friendly design.” It will be jointly hosted by the Seoul Design Foundation and Herald Corp. ― a group recognized for its aspirations to go beyond media to create a harmonious confluence of humanity and na
March 31, 2014
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[Herald Interview] Matchmaking website launched to help married people cheat
HONG KONG ― In Korea, where adultery could be prosecuted, an online website arranging extramarital affairs started operating on March 18 to gratify the urge of “some” married people to find happiness in the arms of people other than their spouses. Noel Biderman, founder of online dating site Ashelymadison.com ― and a rather erratic sex liberalist ― believes that his website, notorious for matchmaking married people, could change Korean society, while, of course, bringing him profit. “I have look
March 31, 2014
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SPC, CJ bakery war reignites in China
Paris Baguette, the nation’s No. 1 bakery chain owned by SPC Group, has recently appointed Jeon Ji-hyun, the lead actress of drama sensation “My Love from the Star,” as the brand’s new model who will appear in TV and print advertisements from April 5. The move comes after rival Tous Les Jours’ hit an unexpected jackpot in China where sales almost doubled over the past weeks thanks to the soaring popularity of its commercial model Kim Soo-hyun, the drama’s other star. “In China, Paris Baguette us
March 31, 2014
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Air Busan introduces 12th passenger jet to fleet
Air Busan, a low-cost carrier affiliated with Asiana Airlines, said Monday it had incorporated its 12th passenger jet into its fleet to take up a bigger share of the burgeoning budget carrier market. The Busan-based company said the short-to-medium range A321-200 would begin flight services Tuesday.The plane, configured to seat 195 passengers, is the same Airbus model that was introduced in November, and is part of the ongoing effort to unify the type of aircraft used by the LCC. At present, Air
March 31, 2014
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Hyundai Engineering wins $91 million hydroelectric plant order in Indonesia
Hyundai Engineering, one of South Korea’s leading builders, said Monday that it won a $91.3 million hydroelectric power plant contract in Indonesia.The company said the engineering, procurement and construction contract reached with Rajamandala Electric Power is for building a 47-megawatt facility near the city of Bandung, 150 kilometers southeast of Jakarta.The new Rajamandala power plant aims to provide electricity to Jakarta and surrounding areas.“Hyundai Engineering will be in charge of all
March 31, 2014
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Korea’s overseas construction orders jump 31 percent in Q1
Overseas construction orders clinched by South Korean builders jumped more than 30 percent in the first quarter from a year earlier on a significant rise in the number of orders for industrial plants, the government said Monday.In the first three months of the year, overseas orders reached $17.6 billion, up 31 percent from the same period last year, according to the Ministry of Land, Infrastructure and Transport.The amount marks the second highest on record for the January-March period.Overseas
March 31, 2014
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[SUPER RICH] The superrich club of sports fans
The superrich’s pursuit of sports often goes beyond the role of spectator or a participant. They show their affection on a scale befitting their assets. Heesung Group chairman Koo Bon-neung is well known as a passionate baseball fan. Koo, who is currently the president of the Korea Baseball Organization, has published a photobook featuring his lifetime collection of baseball photos. He himself played the game as an outfielder when he attended junior high. Chung Mong-joon, the largest shareholder
March 31, 2014
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Corporate reports show executives raking in high salaries
Samsung Electronics, the world's largest mobile phone maker, paid the highest wages to non-owner family company executives among conglomerates, annual reports filed Monday showed.The company said it paid vice chairman Kwon Oh-hyun 6.77 billion won ($6.36 million) in wages last year, with other top executives also being paid large sums.According to the company's annual corporate report, Kwon, who heads the company's device solutions operations, received the highest pay among senior executives, fo
March 31, 2014
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[Graphic News] KTX’s 10-year anniversary
The number of daily passengers on the high-speed train has reached 150,000, 10 just years after the Korea Train Express debuted.According to the Ministry of Land, Infrastructure and Transport, the average daily figure increased by more than 100 percent from 70,900 in April 2004 when the nation introduced the bullet train.The accumulated number of passengers for the past 10 years reached 414 million and the trains were estimated to have run a total of 240 million kilometers. KORAIL logged 11 tril
March 30, 2014