Most Popular
-
1
Korea added to key bond index
-
2
Taking away phones during school hours not a human rights violation: watchdog
-
3
North Korea notifies UN Command of plans to fortify border with South
-
4
Will Apple quit smart ring race with Samsung?
-
5
[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
-
6
Jay Park returns with quintessential R&B album after 8 years
-
7
More deaths in ICU following doctors' mass walkout: lawmaker
-
8
Security issues to take center stage at ASEAN summit
-
9
Netflix's latest runaway hit is a Korean reality cooking show
-
10
[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
-
KT to launch data-sharing plan for users of multiple devices
South Korean telecom titan KT Corp. said Tuesday it plans to introduce a new service and payment program to better cater to a growing number of subscribers who access different connectivity via multiple mobile devices.“The average number of smart devices owned by one person is increasing and the need to share content between the different devices is also increasing,” KT president Pyo Hyun-myung said in a media conference.“The new ‘All-IP (Internet Protocol)’ brand aims to service seamless connec
Nov. 13, 2012
-
Samsung, LG sweep CES innovations awards
The country’s IT behemoths Samsung Electronics and LG Electronics swept the innovations awards of the Consumer Electronics Show 2013, its organizers said on Tuesday.The Consumer Electronics Association, which organizes the world’s top electronics trade show, said that a total of 27 Samsung products won the CES 2013 Innovations Award, while LG brought home 10 awards.“The CES Innovations Award highlights the robust innovation within the consumer electronics industry,” said Karen Chupka, senior vic
Nov. 13, 2012
-
U.S. fines Korean firms $1.27b for price fixing
Korean enterprises ranked second in terms of fines levied by U.S. antitrust regulators for price fixing via practices such as cartels.Since several firms were slapped with antitrust fines totaling $1.57 million for rigging prices of a biochemical product in 1996 in the first case of its kind, Korean enterprises have been subject to collective penalties of $1.27 billion over the past 16 years.The amount is the second-largest accumulated figure, following $1.36 billion imposed on Japanese firms, a
Nov. 13, 2012
-
Emirates A380 turns back to Sydney following engine fault
An Emirates Airbus A380 superjumbo made an emergency landing in Sydney shortly after takeoff on its way to Dubai following an engine fault."There was no fire, flames or smoke, however passengers may have witnessed a spark and a noise from the engine," Emirates said in a statement.The incident, which occurred yesterday with 380 passengers onboard, is being investigated, said the airline, which took delivery of its latest flagship plane yesterday.Emirates, which has ordered a total of 90 of the do
Nov. 12, 2012
-
Tobacco growers snub WHO proposals
Korea may not be ready to accept the anti-tobacco recommendations handed down by the World Health Organization, namely those banning tobacco makers from openly endorsing social benefits such as charity events.Also, the other proposals being mulled by the WHO’s Framework Convention on Tobacco Control are unlikely to reduce the number of smokers or make them stop, according to the International Tobacco Growers’ Association. “(The recommendation on social benefits) may break the link between the cl
Nov. 12, 2012
-
Labor tensions grow at GM Korea plant
Labor protests loom large at GM Korea’s production factory in Gunsan, North Jeolla Province, after the carmaker unveiled its plan not to produce the new Chevrolet Cruze.While the 2013 model of the Cruze compact sedan is being produced only in Gunsan among GM Korea’s four plants nationwide, U.S.-based General Motors excluded the Korean unit from the list of the next generation model.After GM Korea made public its parent group’s business policy last Wednesday, local community leaders including Gun
Nov. 12, 2012
-
Hyundai Motor names new chiefs of affiliates
Hyundai Motor Group carried out a reshuffle on Monday that affected heads of its automotive parts affiliates and overseas operations on Monday, following the mileage overstatement fallout in the U.S and Canada. According to officials, former Hyundai Powertech CEO Jung Myung-chul has been named as new president of Hyundai Wia, Metia and Wisco ― the three automotive parts and machinery manufacturers affiliated with the Korean auto giant. Jung, who studied metal engineering at Korea University, wor
Nov. 12, 2012
-
Air France seeks more Koreans in first class
Korea is a strategic market for Air France more than ever before, said Pellerin Bndicte, general manager of the French airline’s first-class services, because of the global economic crisis. “About 75 percent of our clients are from international markets, and French ones, who are very loyal and mostly well-known corporates, only take up about 25 percent,” Bndicte told The Korea Herald last week. “Due to the economic crisis, however, we don’t see a growth in La Premire customers out of France. It
Nov. 12, 2012
-
New European chamber of commerce to be established this week
A new European Chamber of Commerce will be established in Korea soon as the Korean government approves it within this week.“The Ministry of Knowledge Economy plans to give the final approval for the establishment of a new European Chamber of Commerce in Korea by the end of the week,” a ministry spokesperson told The Korea Herald on Monday. The new organization for European companies operating in Korea will replace the European Union Chamber of Commerce in Korea, or EUCCK, which shut down in Sept
Nov. 12, 2012
-
Online bookstores fined for commercial infringement
South Korea’s online bookstores were slapped with a collective 25 million won ($22,984) in fines and corrective orders for deceiving customers with fabricated data, the nation’s antitrust watchdog said Monday. The country’s major online bookshops -- Yes24, Interpark, Kyobo Books and Aladin -- allegedly displayed newly released publications on their websites’ section called “new this week” and “IT’S BEST” in return for receiving advertising fees ranging from 500,000 won to 2.5 million won per bo
Nov. 12, 2012
-
Korea posts first surplus in cultural trade balance
Buoyed by surging popularity overseas of K-pop, the nation’s trade balance in the culture and entertainment service sector was positive for the first time ever, data showed Sunday.The trade surplus of cultural and entertainment products, including movies, music, TV programs and games, reached $37.3 million over the first three quarters this year, according to financial information provider FnGuide and the Bank of Korea. The turnaround is noteworthy as the balance had been in the red in the indus
Nov. 11, 2012
-
Samsung takes up half of U.S. premium TV market
Samsung Electronics topped TV sales in the U.S. for the first nine months of the year, and took up nearly half of the country’s premium TV market share. The South Korean electronics giant took up 29.1 percent of the U.S. television market up for the January-September period, NPD Group, a North American market research company, said on Sunday. Samsung was followed by Vizio, which took up 11.5 percent, LG Electronics with 10.2 percent, Sharp with 7.4 percent, and Panasonic with 5.4 percent. Samsun
Nov. 11, 2012
-
LS Cable & System chief to head LS Group
LS Group said Sunday that its board members have picked LS Cable & System chairman Koo Cha-yol as the next chairman of the business group.The incumbent LS Cable chairman will replace the outgoing chairman John Koo, who is scheduled to step down from his post on Dec. 31. The two figures are cousins.John Koo will be in charge of supportive activities for the conglomerate in terms of fostering talented employees, overhauling corporate culture, upgrading brand image and enhancing social contribution
Nov. 11, 2012
-
Hyundai Motor finishes global plants
Hyundai Motor has completed its establishment of vehicle assembly lines on four continents ― Asia, Europe, North America and South America ― by recently launching a factory in Brazil.The company has been rolling out 1 million vehicles per year in China, 600,000 units in India, 300,000 units in the United States, 300,000 units in the Czech Republic, 200,000 units in Russia and 100,000 units in Turkey.At a ceremony to celebrate opening of the Brazilian plant in Sao Paulo over the weekend, chairman
Nov. 11, 2012
-
Seoul shares slip on renewed economic woes
South Korean stocks closed 0.52 percent lower on Friday as investor sentiment was dampened by resurfacing uncertainties over the economic recovery, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 10.00 points to finish at 1,904.41. Trading volume was heavy at 628.2 million shares worth 4.74 trillion won ($4.35 billion) with decliners outpacing advancers 444 to 360.“Investors hate uncertainties. Now with the U.S. election over an
Nov. 9, 2012
-
11 Street opens English site
Online shopping mall 11 Street opened its English domain to attract a larger number of foreign shoppers, the nation’s third largest e-shopping portal said Friday.The new domain displays product information, the payment process and other services in English. Expats can sign up for 11 Street using their email addresses. “We look forward to introducing excellent Korean products to our customers at home and abroad,” said an 11 Street official. “The English domain will help Korean small and medium-si
Nov. 9, 2012
-
Daesung chief to co-chair global energy organization
Kim Young-hoon, the chairman of Daesung Group, has been elected to co-lead the World Energy Council.The decision was made at the council’s Executive Assembly in Monaco on Thursday, industry sources said Friday. After serving as co-chair for three years, Kim will move on to become the chairman starting in 2016, in accordance with WEC regulations. Kim became another Korean to serve on an international organization, following in the footsteps of U.N. Secretary-General Ban Ki-moon and Kim Yong, pres
Nov. 9, 2012
-
Hyundai aims to expand market share in Brazil
Hyundai Motor is stepping up efforts to aggressively expand its presence in Brazil ― the only BRIC nation where, Korea’s largest carmaker admits, it has yet to be successful. With the recent completion of its first Latin American plant in the region, Hyundai now aims to sell 200,000 vehicles next year, becoming one of the top five carmakers in Brazil.“We have completed preparations for a new leap in Brazil. We will ramp up efforts to continue our success stories in India, China and Russia,” said
Nov. 9, 2012
-
Lotte Shopping sales to improve on Hi-mart takeover
Lotte Shopping Co., South Korea’s No. 1 retailer, is expected to fare better next year on improved sales in electronic goods following its acquisition of a local appliance retailer, analysts said Friday.The retail giant’s sales for 2013 are forecast to reach 30 trillion won ($27.4 billion), up 23 percent from this year’s estimate, according to a report released by Korea Investment & Securities Co.“Following the retailer’s acquisition of Hi-mart Co., Lotte Shopping can seek synergy among its dive
Nov. 9, 2012
-
Subscribe for shirts, buy brand-name goods online
Online shopping mall Shirts Magazine offers subscriptions for shirts, not magazines ― literally.For 100,000 won a year, you get a crisp new shirt delivered to your home every month. It’s like having your monthly-subscribed magazine in your mailbox. And you get to choose the color and design each month from a range of choices on the net. “I got the subscription for my husband,” says housewife Lee, who only wished to reveal her last name. Her husband is an urban professional in Seoul, who is requi
Nov. 9, 2012