Most Popular
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Korea added to key bond index
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North Korea notifies UN Command of plans to fortify border with South
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Will Apple quit smart ring race with Samsung?
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[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
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Jay Park returns with quintessential R&B album after 8 years
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More deaths in ICU following doctors' mass walkout: lawmaker
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Security issues to take center stage at ASEAN summit
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Netflix's latest runaway hit is a Korean reality cooking show
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[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
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Patients opting to die with dignity on steady rise
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Barbershop staffed by women in bikinis
The owner of a New Jersey hair salon staffed by women in bikinis said he has been receiving offers to open franchises around the country.Jeff Wulkan, who opened Bikini Barbers in Long Branch in February 2011, said his shop has been the subject of a reality TV series -- AXS TV's "Bikini Barbershop: Jersey" -- and has garnered interest from all over the country from people interested in opening fran
Sept. 16, 2012
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U.S. trade agency sides with Apple over Samsung
WASHINGTON (Yonhap) -- Apple Inc. scored another victory Friday over its rival Samsung Electronics Co., this time in a preliminary ruling by a U.S. government trade commission.Apple didn't violate Samsung's patent rights in producing the iPod touch, iPhones and iPads, James Gildea, a judge at the International Trade Commission (ITC), said on its website.The ITC's ruling deals another blow to Sams
Sept. 15, 2012
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Imported cosmetics prices highest in Korea: report
Imported cosmetics brands are selling their products at higher prices in Korea than in major overseas markets, with lipsticks showing an up to eight-fold difference in prices, a consumer advocacy group said Thursday. According to a recent survey by the Seoul YWCA, the cosmetics prices at Korean department stores were the highest among eight countries, including Japan, Australia, Italy, Germany, the U.S., the U.K. and France. Based on purchasing power parity among countries, Korea was selling cos
Sept. 13, 2012
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J-E Tech leads industry’s fight against dust
Technological prowess puts small Korean firm on global industry mapThe Korea Herald, in collaboration with the Korea Environmental Industry & Technology Institute, is presenting a series of articles introducing small but promising environmental tech firms. The following is the third installment. ― Ed. On the industrial battlefield, tiny dust particles can make a huge difference. They can chip away at employee productivity, optimal machine performance and even cause serious industrial accidents,
Sept. 13, 2012
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‘Korea best example for FTA success’
Chilean trade chief visits Seoul to share ‘flavors of Chile’Chile was the first country with which Korea signed a free trade pact, back in 2003. Amid a 4.5-fold growth in trade volume between the two countries, the Chile FTA has paved the way for Korea to seek new deals with other countries in recent years. For Chile, Korea, especially its agricultural sector, is still one of the hardest markets to enter, said Felix de Vicente, chairman of Chile’s Export Promotion Bureau. “We make jokes that if
Sept. 13, 2012
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Local players confident of beating iPhone 5 with high-tech features
New iPhone meets chip plant in Xian industry expectations but lacks new conceptsLocal handset makers have expressed their delight to join the LTE handset race with the new iPhone 5 as the new gadget has failed to offer knockout features to the awaiting crowd.Apple presented its new iPhone 5 to the world early Thursday with the LTE-enabled handset to go head-to-head with contenders such as the already-released Galaxy S3 of Samsung Electronics.The latest iPhone will also have to battle with Samsun
Sept. 13, 2012
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Samsung ready to strike back at Apple with LTE patent suit
Apple to roll out iPhone 5 LTE through SKT, KTWith Apple publicly unveiling its plan to launch the iPhone 5 LTE worldwide, Samsung Electronics is on the verge of pushing the battlefront against the U.S. firm further to include LTE patents.Apple announced at its iPhone 5 event in San Francisco early Thursday, Korean time, that it will roll out the new gadget here through the top two mobile carriers SK Telecom and KT.Although it did not specify the release date for Korea, the Cupertino-based tech
Sept. 13, 2012
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Malaysian children celebrate graduation in Korean style
Kuala Lumpur invites Booyoung to graduation ceremony to thank Korean builder for donationsPUTRAJAYA, Malaysia ― Rows of Malaysian primary school students dressed in pink and light blue traditional costumes sing the Korean song “Spring of My Hometown” in the Korean language.They sing to the music played from digital pianos donated by Korea’s Booyoung Housing Co. Ltd. to celebrate their friends’ graduation on Thursday in the Southeast Asian country’s administrative center. Visually impaired studen
Sept. 13, 2012
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KT goes digital with social contributions
Following is the sixth in a series of articles about companies’ social contribution activities at home and abroad. ― Ed.With its expertise in telecommunications, KT is moving to minimize the digital divide within the country, going forward with several social contribution projects.The nation’s top fixed-line service provider’s projects include its organization called IT Supporters, Olleh Smart Academy, and giving out smart devices serviced by the firm to underprivileged families.The company also
Sept. 12, 2012
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Shinhan Bank sells $95m of yuan-denominated bonds
HONG KONG (Yonhap News) ― Shinhan Bank, South Korea’s third-largest commercial bank, said Wednesday it has raised 600 million yuan ($95 million) in so-called dimsum bonds to diversify funding sources amid the prolonged global downturn. The yuan-denominated bonds were priced to yield 3.5 percent and will mature in two years, the lender said. Dimsum bonds refer to bonds that are denominated in the yuan and issued in Hong Kong. The latest debt sale comes amid its efforts to diversify funding source
Sept. 12, 2012
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Banks’ household loan growth picks up in Aug.
South Korean banks’ household loans grew at a faster pace in August than the previous month due to marginal gains in home-backed lending and a seasonal factor, the central bank said Wednesday.Local banks’ household loans, including home-backed and credit loans, amounted to 459.3 trillion won ($407.8 billion) as of the end of August, up 1.5 trillion won from the previous month, according to the Bank of Korea.The August growth accelerated from a 700 billion won gain tallied in July, when the month
Sept. 12, 2012
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Samsung to build TV plant in Egypt
CAIRO (Yonhap News) ― Samsung Electronics Co., South Korea’s leading tech firm, on Tuesday signed an investment agreement with the Egyptian government to build its first TV plant in the country as part of efforts to bank on booming demand in Africa and the Middle East.Under the memorandum of understanding, Samsung will build a TV and monitor plant at Beni Suef Governorate, 90 kilometers south of Cairo. The Egyptian government agreed to provide the site free of charge, according to the company.Sa
Sept. 12, 2012
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Kia to shorten working hours
Kia Motors said Wednesday that it has reached a tentative agreement with its labor union to shorten working hours and scrap the 40-year-old overnight shift system at local factories from March 2013. The deal came after Kia’s sister company Hyundai Motor and its union leaders agreed late last month on pay and working conditions, including the abolishment of the overnight shift system. If the deal is approved by union members in a planned vote on Friday, the overnight shift system will be abolishe
Sept. 12, 2012
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iPhone 5 unlikely to affect Samsung-Apple patent war
Korean firm rumored to eye LTE patent lawsuit against AppleApple’s soon-to-be-announced iPhone 5 will not likely affect or change the course of the ongoing court battle with Samsung Electronics, the Korean manufacturer of Galaxy flagship smartphones.Industry sources and analysts said it is highly unlikely Apple will come out and show the world its new smartphone that would expose and make itself vulnerable to its rival Samsung or other handset makers.Based on its past performances and activities
Sept. 12, 2012
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Baby boomers account for 44 percent of small business bankruptcies
A growing number of the baby boomer generation, which refers to people born between 1955 and 1963 in Korea, is suffering bankruptcy of their small businesses, a financial data provider showed.According to the Korea Financial Telecommunications & Clearings Institute, the total number of micro-business owners with dishonored bills came to 237 for the first eight months of the year.The data showed that 104 individuals, or 44 percent, were baby boomers.This means the proportion of baby boomers out o
Sept. 11, 2012
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SK E&C wins $380 million power plant deal in Kuwait
SK Engineering and Construction said Tuesday that it has won a $380-million deal from the state-run Kuwait Oil Company to refurbish some 60 power transmission plants there. With the new project, the construction unit of SK Group became the first Korean builder to see its combined orders in Kuwait exceed $5 billion, company officials said. SK E&C will repair 62 power transmission plants or build new ones that provide electricity to 30 oil-collecting and transport facilities in an oil field, some
Sept. 11, 2012
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Samsung goes past Apple in U.S. consumer preferences
Samsung Electronics recently overtook Apple in consumer preferences in the United States, regardless of the recent U.S. jury verdict in favor of Apple in the patent lawsuit between the two companies.According to a survey conducted by YouGov and Early Adopter on 5,000 consumers aged between 18 and 34, preference for Samsung Electronics has rapidly increased to surpass that for Apple over the past two weeks.Over a series of polls by the agencies, the survey showed that Samsung won 45 points on ave
Sept. 11, 2012
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Shares edge lower on investor wariness
South Korean stocks closed 0.24 percent lower Tuesday as investors became wary ahead of key events at home and abroad, analysts said. The local currency declined against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 4.7 points to 1,920. Trading volume was heavy at 703.2 million shares worth 4.25 trillion won ($3.77 billion), with losers outpacing winners 457 to 339.“Investors sat on the sidelines to see what policymakers will decide regarding economy-boosting plans later t
Sept. 11, 2012
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Hyundai to provide W10b to the poor
The Chung Mong-koo Foundation, funded by the Hyundai Motor Group chairman, announced Tuesday a new charity program that will provide a combined 10 billion won ($8.8 million) to 20,000 low-income households from October. The new fund will focus more on those who have fallen into the dead zone in regards to government welfare programs, including senior citizens living alone, orphans, low-income multicultural families and North Korean defectors. The foundation plans to continue the support for up t
Sept. 11, 2012
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Ensuring wine is beautiful ‘till the last drop’
Australian family-run winemaker seeks future in KoreaBorn into the wine industry, Peter Barry tasted his first glass of wine around the age of 6. “I loved watching people taste wines, smile, and ask, ‘Where is this from?” said the Australian winemaker during an interview on Monday in southern Seoul.He started working at the wine company founded by his father Jim Barry, which the brand was named after, in 1982. His father passed away in 2002, leaving Barry the managing director and proprietor of
Sept. 11, 2012