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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[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
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More deaths in ICU following doctors' mass walkout: lawmaker
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Netflix's latest runaway hit is a Korean reality cooking show
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Security issues to take center stage at ASEAN summit
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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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Samsung, Apple to resume battle this week
Ruling in Netherlands seen crucial as it will likely affect other European courtsAside from Samsung Electronics’ multibillion dollar patent suit against Apple Inc. in the U.S., the two are expected to stage another battle at a court in the Netherlands this Friday.According to Samsung, the two parties are set to face off again in Europe, starting at a court in The Hague on Friday.Earlier in June, the court in The Hague handed the first victory to Samsung by claiming Apple violated the Suwon-based
Sept. 3, 2012
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Hanwha assists Iraqi national soccer team
Hanwha Engineering and Construction said Sunday that it would sponsor the Iraqi national soccer team while they are in Seoul in preparation for a World Cup qualifying match against Japan later this month. The Iraqi squad arrived in Korea on Saturday and the construction unit of Hanwha Group plans to fund all expenses during their stay here, officials said. Hanwha has built a friendly relationship with Iraq as it signed an $8 billion contract in May to build a housing complex in Bismayah, a plann
Sept. 3, 2012
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Hanwha E&C seeks to cement Iraq ties
Hanwha Engineering and Construction, one of Korea’s leading builders, is seeking to cement business cooperation with Iraq, hoping to lead the “second Middle East boom” as the Mideast country rebuilds after war.For Korean builders, the Middle East has been a major construction market since 1965, when Korea started doing construction overseas. Since then, Korean builders have secured a combined $500 billion in overseas construction orders as of June. Behind Korea’s surprise performance, there may
Sept. 3, 2012
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Samsung, Apple set another patent battle in Europe this week
Ruling in Netherlands seen crucial as it will likely affect other European court verdicts Aside from Samsung Electronics’ multibillion dollar patent suit against Apple Inc. in the U.S., the two are expected to stage another battle at a court in the Netherlands this Friday.According to Samsung, the two parties plan to face off again in Europe, starting at a court in The Hague on Friday, local time,
Sept. 3, 2012
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CJ to operate amino acid plant in China
CJ Cheil Jedang Corp. said Sunday that its newly built Chinese plant in Shenyang that processes amino acid, an essential ingredient for animal feed, will start work this month.Costing about $400 million, the Korean company’s Chinese plant is capable of processing about 100,000 tons of lysine, 50,000 tons of threonine and 3,000 tons of nucleic acid per year, the company said.CJ Cheil Jedang claims that once the Shenyang plant is on track, it will obtain a production capacity of 600,000 tons of ly
Sept. 2, 2012
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KEPCO to reconsider sue on Korea Power Exchange
The Korea Electric Power Corp, a state-run power distributor, said Sunday that the company is currently reconsidering its decision to file a suit against the Korea Power Exchange and the assessment committee of market price for electric power. While keeping the lawsuit as a possible but not probable option, the company is looking for different alternatives, a KEPCO official said.The power firm had announced on Aug. 29 that it would sue the two state organizations over an unreasonable power charg
Sept. 2, 2012
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Most U.S. consumers disagree with verdict in Samsung-Apple case
WP columnist says Apple should lose possible appeal from SamsungA survey in the U.S. showed that more than half of young American consumers have a skeptical view over a California federal jury’s recent verdict that Samsung violated Apple’s mobile patents.The Silicon Valley / San Jose Business Journal cited a poll conducted by CouponCodes4U on 2,125 consumers aged between 18 and 30 who said they owned neither an Apple nor Samsung smartphone product.“About 55 percent of the respondents said they d
Sept. 2, 2012
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Apple wants 4 more Samsung products added to suit
An Apple Inc. iPhone 4S smartphone (left) and a Samsung Electronics Co. Galaxy S III smartphone are arranged for a photograph in Seoul. (Bloomberg)SAN JOSE, California (AP) _ Fresh off its court victory over Samsung Electronics Co., iPhone maker Apple Inc. is asking a federal court to add four more of its rival's products to the list of patent-infringing products.Apple filed documents in San Jose
Sept. 1, 2012
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LG, Samsung show strength in appliances
BERLIN ― Stepping into an LG Electronics’ exhibition booth at Internationale Funkausstellung, visitors will notice that it is all about the latest high-tech television, especially with more than 120 LED 3-D displays put together into one giant TV at the entrance.With the theme “Above and Beyond,” featuring countless consumer TVs filling its 2,657 square meter booth, Lee Ssang-soo, vice president of TV product planning for LG began the media tour by saying that its main focus of this event is OLE
Aug. 31, 2012
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Diagio Korea undergoes tax investigation
The nation’s tax agency has launched a tax probe into Diagio Korea, the local unit of the world’s No.1 distiller.The National Tax Service sent investigators to the company’s main office in Yeoksam-dong, southern Seoul on Thursday, according to industry sources.It is not known whether the NTS’s probe is about possible tax evasion or price-fixing of the distributor of Johnny Walker and Windsor whiskies. Yonhap News quoted an unnamed Diagio official as saying that it is a regular tax inspection as
Aug. 31, 2012
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Ford CEO pins high hopes on Korea-U.S. FTA
Ford president and CEO Alan Mulally on Friday in Seoul expressed his high expectations for expanding Ford’s presence in the Korean market, benefiting from the free trade agreement between Korea and the U.S. that took effect on Aug. 1 last year. He arrived in Korea after a three-day tour in China where he attended a groundbreaking ceremony for Ford’s new $760 million assembly plant in the Chinese eastern city of Hangzhou. It was the first time a Ford CEO visited Korea since the Dearborn, Michigan
Aug. 31, 2012
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KAI sale fails to draw enough bidders
The sale of the state-run Korea Aerospace Industries is expected to be further delayed as its first public bidding failed to attract bidders other than Korean Air until the deadline at 3 p.m. Friday. The leading flag carrier had submitted its letter of intent to acquire the nation’s only aircraft maker but its sole participation could not meet the legal conditions for a valid competition to continue the bidding process. “We will discuss future plans including the schedule for the next bidding in
Aug. 31, 2012
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Kolon to file motion against ban on sales of body-armor fiber
DuPont Co., the inventor of Kevlar, won a ruling barring Kolon Industries Inc. from selling a competing version of the product used in protective clothing for police and the military for the next 20 years.U.S. District Judge Robert Payne in Richmond, Virginia, today barred Kolon from selling products in the U.S. made with its para-aramid fiber after a jury found last year that the Korean manufacturer stole trade secrets relating to the Kevlar fiber and should pay more than $919 million in damage
Aug. 31, 2012
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Samsung to roll out premium OLED in Q4
BERLIN ― Samsung Electronics, Korea’s largest consumer electronics company, plans to begin mass producing next-generation organic light-emitting diode televisions in the fourth quarter of this year.This is part of its plan to maintain the top position in the global TV industry, Yoon Boo-keun, president of the company’s consumer electronics division, said during a dinner with the Korean press Thursday.The Korean tech giant has been the top TV producer over the past seven years. OLEDs are expected
Aug. 31, 2012
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Intra-group trading grows further
Transactions among affiliated companies of the nation’s major business groups have increased again this year, with most of the deals being made without fair competition, the state-run antitrust watchdog said Thursday. The Fair Trade Commission said it would toughen surveillance on whether any unfair favors were given to their subsidiaries, especially in system integration, logistics and advertising sectors. According to the FTC report, the nation’s 46 conglomerates 1,407 trillion won ($1,240 bil
Aug. 31, 2012
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LTE subscribers top 10 mln mark
The number of South Koreans who use smartphones that run on the fourth-generation long-term evolution (LTE) network has exceeded the 10 million mark in over a year after its debut, industry sources said Friday.According to the sources, the country‘s three mobile carriers reported a total of 10.12 million LTE subscribers as of Wednesday, meaning that one out of five South Koreans use LTE smartphones in the country with a population of 50 million.Market leader SK Telecom had 4.84 million users, wh
Aug. 31, 2012
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Napa Valley vineyard creates ‘Dokdo Wine’
Shinsegae Department Store will launch a special wine product, dubbed “Dokdo Wine,” this Friday.Korean-American dentist Ahn Jae-hyun, who is also founder of the “Dokdo Winery,” has been producing the wine in Napa Valley, United States. The wine is labeled “799-805,” named after Korea’s easternmost Dokdo islets’ postal code.As his individual effort to spread the historial fact that Dokdo belongs to Korea and not Japan, Ahn is donating some of the profits from sales of wine to organizations campai
Aug. 30, 2012
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Confectioner Orion eyes W1tr sales in China
HONG KONG (Yonhap News) ― Orion Corp., South Korea’s second-largest confectionery company, expects to see its China sales rise 43 percent to reach 1 trillion won ($880 million) in 2012, driven by rising income levels in the world’s most populous country, company officials said Thursday.The company’s operating profit will likely rise to about 100 billion won this year, compared with an operating income of 69 billion won last year, it said.Orion’s strong performance in China stems largely from the
Aug. 30, 2012
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Fruit prices expected to soar after typhoon
Fruit prices are likely to soar as many apples and pears dropped from their trees due to Typhoon Bolaven which hit the nation this week. Another typhoon also on the way, Tembin, may make matters even worse. Insurance payouts to be given to the affected farms are expected to reach 80 billion won ($70.5 million), NongHyup Property and Casualty Insurance said on Thursday. Nonghyup analyzed the financial loss of 9,424 hectares of orchards throughout the nation that were harmed due to the typhoon. Th
Aug. 30, 2012
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Hyundai Heavy to set up center for former sex slaves
Hyundai Heavy Industries said Thursday it has donated 1 billion won ($880,000) to set up a “healing center” for former sex slaves who were forcibly taken by the Japanese army into sex slavery during World War II. The center, tentatively named the “House for Healing and Peace,” will offer diverse welfare programs for the remaining 60 victims of Japan’s wartime sex crimes here as well as history education for visitors, the company said. Starting with the first case of Kim Hak-soon in 1991, a total
Aug. 30, 2012