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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Power shortage warning issued amid heatwave
The nation’s oldest reactor in Kori to resume operationThe nation’s state-run power company issued a power shortage warning on Monday, with electricity consumption soaring amid high temperatures. Korea Electronic Power Corp. issued the warning at 11:05 a.m., less than an hour after it announced an electricity shortage alert at 10:17 a.m. The warning followed a large-scale nationwide blackout on Sept. 15 last year. The government said that Monday’s electricity demand exceeded the ordinary level a
Aug. 6, 2012
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Samsung’s smartphones dominant, grip on feature phones weakens
Market research firm says Nokia has become renewed threatSamsung Electronics’ shipments of feature phones slipped in the second quarter, even as it secured the top position in smartphones during the same period.Market research firm Strategy Analytics said on Monday that Samsung shipped 43 million feature phones running on second-generation communication networks, from April-June.As a result, the global IT behemoth recorded a minus 21 percent growth in feature phones compared to the same period l
Aug. 6, 2012
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GM may produce Cadillacs in Korea
U.S. carmaker strives to find breakthrough amid sagging sales of AlpheonGM Korea is seeking a breakthrough to boost the sluggish sales of its premium sedan Alpheon that debuted in the Korean market in 2010.One scenario could be the introduction of the Cadillac brand, also under its parent U.S.-based General Motors, like the current Chevrolet series of which several models are being produced in Korea, industry sources said.The Korean unit of GM had pinned hopes on the Alpheon in terms of sales c
Aug. 6, 2012
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AustCham Korea recruiting volunteer dancers
The Australian Chamber of Commerce in Korea, or AustCham Korea, is recruiting dancers for its upcoming Chairman’s Night on Sept. 21.This year’s theme is “Dancing Under the Stars.” The chamber is seeking nine volunteers.Each volunteer will be paired with a professional, and will learn specific choreography set to music. A total of eight lessons will be offered. For more details, please call 02-2010-8832. (renee@heraldm.com)
Aug. 6, 2012
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SIWA to host ‘Mingle Night’
The Seoul International Women’s Association, or SIWA, will hold a “Mingle Night” at the Grand Ambassador Seoul Hotel on Aug. 31.Members and non-members can choose from various side dishes and snacks, in addition to local beers and wines.They will also be able to enjoy a live music performance. The hotel’s bar holds a live performance every night after 8:30 p.m. according to SIWA. Please visit the official website for more information.(renee@heraldm.com)
Aug. 6, 2012
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French chamber organizes business trip to Mongolia
The French Korean Chamber of Commerce in Korea, in partnership with the French Chamber of Commerce and Industry in Vietnam, has organized a business delegation trip to Mongolia.According to the chamber, the trip will help interested investors, entrepreneurs, and representatives explore potential business opportunities in the landlocked central Asian country.Registration and applications must be completed by Aug. 10, according to the FKCCI website. Several options are being offered, so for more d
Aug. 6, 2012
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Creativity helps Heineken retain foothold
Local chief says Dutch brewer aims to appeal to specific tastes of Korean consumersIn a market where products quickly fall in and out of favor, Heineken Korea has kept its foothold by keeping things fresh and interesting. “Our strategy is to keep (consumers) excited about the brand,” said the multinational beer company’s local division head, Jan Arie Smit, in a recent interview with The Korea Herald in Seoul.The Dutch beer brewer has operations in around 178 countries, according to its official
Aug. 6, 2012
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Facebook App Center opens for Korean language users
Facebook has opened its App Center in Korean, two months after it began offering the service in English.People will be able to find popular mobile game apps like FarmVille, Ninja Showdown and SimCity Social through the Facebook app store established for Korean users, its officials said.The mobile applications listed on the App Center have been chosen through the evaluations of its users and there are over 130 games that are played by Facebook users, which number up to 250 million people worldwid
Aug. 5, 2012
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Kakao’s voice service to face resistance from carriers
Kakao officially rolls out mobile ‘Voice Talk’ service in KoreaThe debate surrounding free mobile Internet calls is expected to escalate after Kakao officially launched the service in Korea last week.On Thursday, Kakao said it rolled out its mobile Voice over Internet Protocol service called “Voice Talk,” putting an end to its beta test which began early June.“The launching of the Voice Talk service was an inevitable decision to better communicate with our loving friends,” the company officials
Aug. 5, 2012
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Coffee chains’ inconsistency makes dietary data useless
The Korea Consumer Agency released research data on Sunday on the amounts of different ingredients in coffee served in Korea, claiming cafes’ products are deceptive in volume, caffeine content and calories. The nation’s leading customer advocacy group said that despite high prices of coffee ― ranging from 3,000 won ($2.65) to 5,000 won ― the fast-growing industry offers insufficient information needed for customers to make their choices. The ten coffeehouse chains targeted in the study are nine
Aug. 5, 2012
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Man waits on hold for 15 hours
(123rf)An Australian man said he called the Qantas airline and waited for 15 hours, 40 minutes and 1 second before hanging up the phone.Andrew Kahn of Adelaide said he called Qantas at 7:22 p.m. Wednesday to confirm his travel arrangements and remained on hold until 11:01 a.m. Thursday while a recorded voice said an agent would speak to him "as soon as possible," the Sydney Morning Herald reported
Aug. 5, 2012
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KEPCO seeks 4.9% hike in electricity bill
The Korea Electric Power Corp. announced Friday that its board of directors has agreed to increase electricity charges by an average of 4.9 percent from as early as September, with additional hikes being considered within the year.The fee hikes, implemented differently across industries, would amount to 7 percent for businesses, 3 percent for homes and 3 percent for the agricultural sector, according to the state-run power company KEPCO. KEPCO, calling the long freeze in electricity prices the m
Aug. 3, 2012
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Average monthly import car sales top 10,000
Import car sales in the local market continued their boom last month although Korean automakers and three foreign companies that operate production factories in Korea are still suffering sluggish vehicle sales.According to the Korea Automobile Importers & Distributors Association, the nation’s import car sales exceeded 10,000 units for the fifth consecutive month.“Sales of import cars came to 10,768 units in July, up 21.5 percent from a year before,” a KAMA spokesman said on Friday. “After posti
Aug. 3, 2012
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GS Caltex to expand ties with China’s Shandong
GS Caltex and China’s Shandong Province have agreed to further expand their business and cultural cooperation. According to the nation’s second-largest oil refiner, its chairman Hur Dong-soo and Shandong Province governor Jiang Daming held a meeting for a strategic partnership as a delegation from the Chinese province visited the GS Caltex plant in Yeosu, South Jeolla Province, on Thursday. “I appreciated the achievements we have made over the past 10 years in China under a strong partnership wi
Aug. 3, 2012
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KEPCO seeks 4.9% hike in electricity bill
The Korea Electric Power Corp. announced Friday that its board of directors has agreed to increase electricity charges by an average of 4.9 percent from as early as September, with additional hikes being considered by the end of the year. The fee hikes, that would be implemented differently across industries, would amount to 7 percent for businesses, 3 percent for homes, 3 percent for the agricultural sector, a KEPCO board member told in an interview. The 4.9 percent increase proposal will be re
Aug. 3, 2012
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Eland tapped as prime bidder for Ssangyong E&C
Eland Group, a South Korean operator of outlet malls, has been picked as the preferred bidder for the purchase of local builder Ssangyong Engineering & Construction Co., the state-run debt clearer said Thursday. Eland will likely be acquiring a 50.07 percent stake from existing creditors worth 90 billion won ($79.5 million), and taking over new stocks worth 150 billion won through a rights of
Aug. 3, 2012
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LG Electronics sets sales record for Optimus LTE2 smartphone
LG Electronics has posted a new sales record for its Optimus LTE2 smartphone, making it the company’s fastest selling mobile phone to date.The Korean electronics giant achieved a benchmark setting record of 500,000 units sold in just 70 days, according to a Yonhap News report on Thursday. The product was launched this May and is the latest in the company’s flagship smartphone Optimus LTE line. The previous version, “Optimus LTE,” took more than 80 days to achieve this figure, Yonhap reported. L
Aug. 2, 2012
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KT makes all-out effort to grab more LTE share
KT is beefing up its efforts to grab a bigger share in the local Long Term Evolution handset market, with the firm offering incentives to all employees who join its marketing drive.The country’s second-largest mobile carrier said it will hand out incentives, amounting up to 5 million won ($4,418), to all of its 32,000 workers ― not only in sales but in all departments ― who are successful in getting customers to sign on to KT’s LTE smartphone service. According to the company, workers of departm
Aug. 2, 2012
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SKT records over 40% profit loss in Q2
SK Telecom said Thursday it posted about 4.01 trillion won ($3.54 billion) in sales and 384.6 billion won in operating profit in April-June, bringing its profit figure down 42.8 percent from the same period last year.In its quarterly regulatory filing, the country’s largest mobile carrier also said that its net profit reached 120.55 billion won, down more than 74 percent from the 465.43 billion won in the second quarter of last year.This quarter’s sales figure improved 0.8 percent from the previ
Aug. 2, 2012
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POSCO intends to build nuclear plant
POSCO Engineering & Construction said Thursday that it has submitted a report of intent to build two nuclear power plants in Samcheok, Gangwon Province. If the company’s application is approved, POSCO will become the first privately-run company here to operate a nuclear power plant. Under the nation’s nuclear safety law, the operation of nuclear power plants should be approved by the Nuclear Safety and Security Commission. Even though the law doesn’t ban the participation of private companies, t
Aug. 2, 2012