Most Popular
-
1
S. Korea, Singapore seal supply chain agreement
-
2
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
3
Korean language teaching expert says demand has outstripped supply
-
4
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
5
Conscripting women to lead to 'more babies,' claims military think tank
-
6
Who is pollster roiling politics with claims of government string-pulling?
-
7
Taking away phones during school hours not a human rights violation: watchdog
-
8
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
9
Korea launches antidumping probe into Chinese steel
-
10
Korea added to key bond index
-
Regulations to be eased to spur FEZ investment
The nation’s Foreign Economic Zones are expected to lure more private developers and real estate investment immigrants as the Ministry of Trade, Industry and Energy revised qualifications for land development and foreign real estate investment. The revised bill on the special law for FEZs, specially designated regions to attract foreign investment, will be sent to the regular session of the National Assembly this fall, the ministry said in a press release on Wednesday. “To step up land developme
July 31, 2013
-
TV makers frustrated by ministry’s lukewarm stance on UHD
Domestic TV manufactures could not help but express their deep frustration over the government’s lackluster posture on adopting new TV technology. Korea Communications Commission chief Lee Kyeong-jae reiterated Wednesday that it was too early to adopt the ultra high-definition technology in Korea. “The government will not rush to introduce the ultra high-definition broadcasting system,” said commissioner Lee a day after he came back from a week-long trip to the United States where he met Jessica
July 31, 2013
-
SKT to expand LTE-A service to more cities
SK Telecom Co., South Korea’s leading mobile operator, said that it plans to expand its next-generation mobile network service to more cities in the country to meet growing demand for faster Internet connectivity.For the first time in the world, SK Telecom introduced the so-called LTE-Advanced mobile network in the country on June 26, 2013, offering speeds twice as fast as the existing long-term evolution, or LTE, network.The LTE-Advanced service is currently available in Seoul, 65 other major c
July 31, 2013
-
Android dominates tablet PC market: data
Android-based tablets further solidified their status in the global market with their market share nearing 70 percent, data showed on Tuesday.According to the data compiled by Strategy Analytics, some 34.6 million Android tablets were shipped in the second quarter of the year, up from 18.5 million shipped a year earlier. Their market share stood at 67 percent, also up from 51.4 percent over the cited period.Apple Inc. shipped 14.6 million units in the April-June period, down from 17 million a ye
July 31, 2013
-
Firms urge normalization of Gaeseong industrial complex
Representatives from more than 100 South Korean companies running factories in the Gaeseong industrial complex Tuesday urged the South and North Korean governments to resume talks for an early normalization of the factory park.At the end of a hurriedly-convened meeting in Yeouido, central Seoul, the companies also called on South and North Korea to allow them to dispatch their factory managers to the industrial park to check on the production facilities.The statement came a day after the South K
July 30, 2013
-
Ministry to introduce mobile phone radiation labeling
The Ministry of Science, ICT and Future Planning said Tuesday that from August next year, it would implement a mandatory labeling system for mobile handsets that informs the public on the specific absorption rate, or SAR, which indicates the amount of electromagnetic waves absorbed by the human body. The measure would be taken to dispel public concerns over the risks of the waves emitted from mobile phones, the ministry said. Mobile phones with an absorption rate of up to 0.8 watts per kilogram
July 30, 2013
-
Apple loses steam in second quarter
Apple seemed to be losing steam as the world’s tech giant, posting disappointing sales figures in the second quarter for its flagship smartphone and tablet lineups.The number of iPads shipped in the April-June period this year dropped 14 percent on-year to 14.6 million, according to Strategy Analytics Tuesday, pulling down Apple’s market share in the tablet sector from 47.2 percent to 28.3 percent. This was the first time for the California-based firm to see its market share drop below 30 percen
July 30, 2013
-
NHN succumbs to pressure on fair trade
NHN, the operator of Korea’s most popular search portal Naver, bowed to mounting public criticism Monday, saying it would seek co-prosperity with small and medium-sized market players.Speaking at a news conference, CEO Kim Sang-hun announced a road map to pave the way for a “fair” Internet business environment.“In recent days, we have pondered over what we have been missing and what we need to accept,” said CEO Kim, adding “Naver will do its utmost to cooperate and communicate with partners. Set
July 29, 2013
-
KOMIPO expands overseas in power plant construction
Korea Midland Power Co., one of six power generation subsidiaries of state-run Korea Electric Power Corp., is speeding up its overseas business expansion, backed by the success of its Cirebon power plant project in Indonesia. In April this year, KOMIPO inked a memorandum of understanding with the Indonesian government to construct and operate a large-scale hydroelectric power plant with a capacity of 284 megawatts in the Murung Raya region of Kalimantan Island, Indonesia. The Muara Juloi hydropo
July 29, 2013
-
[Power Korea] Industrial plant exports emerge as new growth engine
The Korea Herald is publishing a series of articles on infrastructure as part of its second installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This series features the development and global competitiveness of Korea’s infrastructure. The special articles were made in cooperation with the Ministry of Land, Infrastructure and Transport. This is the seventh and last
July 29, 2013
-
Doosan chief to lead Korea Chamber of Commerce
Park Yong-maan, chairman of Doosan Group, is expected to head the Korea Chamber of Commerce and Industries, to help represent the voice of the larger companies in Korea. The chamber on Monday held a meeting to nominate Park to succeed Sohn Kyung-shik, the embattled CJ Group co-chairman who stepped down earlier this month before his term was over. Park accepted the nomination. The KCCI is one of the nation’s five largest groups that mainly speak on the behalf of local companies both big and smal
July 29, 2013
-
FTC penalizes 7 truck firms
Korea’s antitrust agency slapped fines on the six biggest domestic and foreign commercial vehicle makers and a distributor for price fixing, and ordered them to correct their wrongdoings against customers including licensed truck drivers.The Fair Trade Commission said Monday that it would impose penalties totaling 116 billion won ($104.5 million) for their deliberate collusion and was planning to file a complaint with the state prosecutor.The seven big commercial vehicle companies are: Hyundai M
July 29, 2013
-
Hyundai, Kia get 8.8% of global market share in H1
The combined global market share of South Korea’s top automaker Hyundai Motor Co. and its smaller sister company Kia Motors Corp. hit 8.8 percent in the first six months of this year, a research firm said Monday.The carmakers sold 3.683 million vehicles between January and June, up 0.2 percentage point from the same period a year earlier, according to LMC Automotive, a global research firm for the automotive industry.The development came as brisk sales in Europe, Brazil and China made up for lac
July 29, 2013
-
Mobile messenger LINE rising in Asia
Mobile messenger LINE is sweeping Asian markets with its localized content. Line, developed by Korean internet giant NHN Corporation, has already become one of the dominant mobile messengers in Asia with the number of users marking 200 million as of July 21. The figure is expected to hit 300 million by the end of this year, according to NHN. It said that Japan, China, India and Thailand had driven the rapid growth of the mobile application. The mobile application now accounts for 44 percent of t
July 28, 2013
-
Samsung keeps top spot in N. American TV market
Samsung Electronics Co., the world’s largest flat-panel TV maker, retained its status as the top seller of TVs in the North American market in the first half of the year, a market research firm said Sunday.In terms of revenue, Samsung Electronics posted a share of 29.4 percent in the North American flat-panel TV Market in the January-June period, according to data by NPD Group.Vizio of the U.S. came in second with a 15.9 percent share, followed by LG Electronics Co. of South Korea with 11.3 perc
July 28, 2013
-
Hyundai, Kia sales rise more than 20% in BRICs
Hyundai Motor Co. and Kia Motors Corp., South Korea’s top two carmakers, saw their sales in the so-called BRICs market soar more than 20 percent on-year in the first half of 2013, data showed Sunday.Hyundai Motor and Kia Motors sold a combined 1.28 million vehicles in Brazil, Russia, India and China in the January-June period, up 22.9 percent from the same period a year earlier, according to the data by Hyundai Motor Group and Shinhan Investment Corp.The figure accounts for 34.8 percent of the t
July 28, 2013
-
Korea to foster rural non-agro business
The agricultural industry, which has long slumped under a heavy dependency on labor-intensive and low-margin production processes, faces structural reform as the government seeks to cultivate areas such as food processing and tourism. The plan forms a vision for a “sixth industrialization” of the agricultural industry over the next five years. “To realize the vision, the government set a goal of cultivating about 1,000 non-agro companies by 2017 whose sales exceed more 10 billion won ($9 million
July 26, 2013
-
GM Korea, union agree on wage talks
Union members at GM Korea approved a tentative agreement on this year’s wage talks in a vote Friday following 27 rounds of meetings with the management since April. Earlier on Tuesday, the management and labor at the Korean unit of General Motors tentatively agreed to an increase of 92,000 won ($83) in monthly salary and lump-sum payments of 4 million won immediately and 6 million won in December. Of the 13,250 union members who voted Friday, 54.3 percent supported the tentative agreement, the c
July 26, 2013
-
Hyundai E&C Q2 net up 9.7 pct on improved margins
Hyundai Engineering & Construction Co., South Korea's No. 1 builder, said Friday that its second-quarter net profit jumped 9.7 percent from a year earlier as its margins improved.The company's consolidated net income rose to 129.9 billion won ($116 million) in the April-June period, from 118.4 billion won a year earlier, the company said in a regulatory filing.The builder said sales jumped 9.1 percent to 3.4 trillion won, and its operating profit gained 27.4 percent to 200.7 billion won.Shares o
July 26, 2013
-
Hyundai Mobis net profit edges up 1.1% in Q2
Hyundai Mobis Co., South Korea‘s largest auto parts maker, said Friday its second-quarter net profit edged up 1.1 percent from a year earlier due to increased sales and operating profit.Net profit came to 893.6 billion won ($804 million) in the April-June period, from 883.8 billion won a year earlier, the company said in a regulatory filing.The company said sales jumped 13.1 percent to 8.7 trillion won, and its operating profit gained 2.3 percent to 733.1 billion won.Shares of Hyundai Mobis were
July 26, 2013