Most Popular
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Korea added to key bond index
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South Korean author Han Kang wins 2024 Nobel Prize in literature
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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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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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World IT Show kicks off in Seoul
Four-day event features high-tech products, solutionsThe World IT Show 2012 kicked off on Tuesday, with the advanced technology products unveiled ranging from the latest OLED television and smartphones to online games and fourth generation network solutions.Participated in by local and global IT firms such as Samsung and LG Electronics, SK Telecom, KT, Nokia Siemens and Qualcomm, the IT show will be held for four days at the COEX Convention Center in southern Seoul.The event is jointly organized
May 15, 2012
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Hyundai Motor to hire Japanese educated Koreans
Hyundai Motor Co. announced on Tuesday that it will host an academic research forum in Tokyo on June 15 as a way to recruit outstanding Korean talent with an education received in Japan. The country’s leading automaker said that the research forum is organized to boost Hyundai Motor’s global strength. The forum is an exclusive channel to recruit applicants with degrees from Japan, the company said. “We believe that graduate and doctorate students from Japanese universities have strength in both
May 15, 2012
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Instant high-rise: Up-and-ready in just 9 days
The Bible says God build the world in seven days. Humans may not be able to duplicate the feat, but throw in a couple more days, and they just might manage to raise a building.Chinese builders have built a three-story building from scratch in a little more than nine days, BBC reported Monday.The pioneering techniques of the Broad Sustainable Building requires workers merely to put together prefabricated modules.“Once all the materials are on site, all we have to do is attach them,” said Deng Yic
May 15, 2012
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Facebook IPO to bring cash and change
Facebook makes its hotly anticipated stock market debut this week in a history-making move promising wealth for insiders and change for users of the online social network.Hot interest in Facebook stock reportedly prompted the company to bump the opening price range to $34 to $38 for its shares, which would value the firm at between $93 billion and $104 billion. The Facebook campus is shown in Menl
May 15, 2012
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Lego tower reaches 104 feet, 8 inches tall
Lego officials in South Korea announced the crown prince of Denmark placed the final brick on the world's largest Lego tower, measuring 104 feet, 8 inches tall. (Lego Korea)Lego Korea said the tower, which was built in Seoul during the weekend by 4,000 young contest winners, was planned to mark the 80th anniversary of the Lego group.The final brick was placed Sunday to defeat the previous world re
May 15, 2012
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KOTRA, Microsoft agree to support Korean start-ups
The Korea Trade Investment Promotion Agency and U.S. software giant Microsoft have agreed to help local venture start-ups expand overseas. Combining the state-run agency’s global presence and Microsoft’s technical supremacy, the “KOTRA-MS Smart Growth Project” aims to help Korean software developers go global with new services. A total of 20 venture firms are to be selected among those whose services can be combined with cloud computing, KOTRA said. With an aim to commercialize their services wi
May 14, 2012
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Samsung says won’t resume auto business
Samsung Electronics chief operating officer Lee Jay-yong dismissed market rumors that Samsung Group may have big new plans for the automotive industry.“(Samsung Group) will not carry out automobile business,” Lee told reporters over the weekend.He reiterated that executives had already made it clear that the auto sector would not be included in the group’s future business categories.The group will only continue to provide carmakers with auto-oriented semiconductors and batteries for electronic-v
May 14, 2012
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Half of handset users own smartphones
Smartphone boom to continue with new lineup this monthOne out of every two people in Korea with handsets is a smartphone owner, even though the gadgets were only introduced in November 2009.According to the telecom industry, 26.72 million out of 52.55 million people used a smartphone as of May 11, accounting for more than half of mobile service subscribers here.The smartphone boom hit the nation with the introduction of Apple’s iPhone in November 2009 when the figure for smartphone users amounte
May 14, 2012
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Young jobseekers covet Google Korea
Foreign companies popular among 20-somethings seeking benefits and challengesA 29-year-old office worker who has been working at a South Korean conglomerate for about four years recently turned in his C.V. to Google Korea. It was not that sudden a decision ― he has been networking with people working at foreign companies and attending study groups for a while. “The welfare or pay (at the company I am currently working at) is not bad. But as it is such a big group, there is little that an indivi
May 14, 2012
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Panama fisherman sues cruise line for not helping
A Panamanian man who watched his two companions die while surviving at sea for 28 days in their small disabled boat has sued a U.S. cruise line because one of its ships failed to help, his attorney said Sunday.Attorney Edna Ramos said the lawsuit alleging negligence by Prince Cruise Lines was filed in a Florida state court on behalf of Adrian Vazquez.The 18-year-old Vazquez and companions Fernando
May 14, 2012
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Yahoo! chief steps down
Yahoo! announced Sunday that Ross Levinsohn will temporarily replace chief executive Scott Thompson, who has stepped down in the face of controversy about his allegedly inflated resume.The California-based company, in a compromise with activist investor Daniel Loeb, said Fred Amoroso would take charge of the board of directors as the struggling Internet pioneer seeks its sixth new chief in as many
May 14, 2012
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Fiat finalizing plan to reenter Korea
Italian auto giant Fiat is fine-tuning its plan to reenter the Korean market with its head office expected to finalize related discussions in the coming weeks. “The Asia-Pacific branch has already approved the reentry into Korea, with the final decision remaining to be made by the head office,” said a spokesperson of Chrysler Korea. She added that a high-ranking official from Fiat Group is scheduled to visit Seoul to finalize the issue in the coming weeks. The specific date of the visit has yet
May 13, 2012
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Hanwha to back eco-friendly small enterprises
Hanwha Group, a Korean conglomerate with businesses in chemicals and finance, said it will back eco-friendly and socially responsible small and medium-size companies for the first time.It has chosen 18 companies after screening a list of corporate applicants for shared growth between March 29 and April 13, the group said in a press release. The conglomerate plans to provide assistance in the areas of financing, marketing, product development and market entrance for the 18 companies, with the aim
May 13, 2012
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Better 2Q performance for online portals: analysts
The country’s top internet portals are expected to make comebacks in the second quarter of this year, despite lackluster earnings in the first quarter, analysts said.Last week, the No.1 online portal NHN posted 576.7 billion won ($503 million) in sales and 161.8 billion won in operating profit from January to March.The firm’s sales figure surged 14.2 percent from the same period a year ago, but slipped 3.7 percent in operating profit.However, NHN, better known for its search engine Naver, was no
May 13, 2012
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SKT taps into black box business
SK Telecom said Sunday that it will tap into the wireless digital tachograph service market by rolling out black boxes for cars in collaboration with small and mid-sized firms.The country’s top mobile carrier said that it formed a consortium with device makers Dongsun Electronics and Choyoung Automotive as well as system operator UB First and its affiliate SK Marketing and Company to build the car accident data recording system, also known as the black box.Called the “smart digital” black box, i
May 13, 2012
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Lotte, Shinsegae sanctioned for deceptive labeling
Antitrust regulator slaps only 45 million won in fines on 9 online malls The Fair Trade Commission said Sunday that it has sanctioned some conglomerate-based online shopping malls for fabricating product labels in violation of laws on electronic commerce.They included the cyber shopping malls for the nation’s big three department stores ― Lotte (lotte.com), Hyundai and Shinsegae ― and four home-shopping operators ― GS, CJ, NS and Lotte (lotteimall.com).Two other players were the Interpark INT an
May 13, 2012
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Hanwha to build solar power plant in Portugal
Hanwha Group said Friday that it will start the construction work of a solar power plant in Portugal. The group said its affiliate Hanwha Solar has recently formed a consortium with Martifier Solar, a Portuguese photovoltaic energy firm, to build a 17.6-megawatt solar power plant in Lisbon. Even though the construction of the power plant was not scheduled to be completed until March next year, officials said it would be possible to start electricity generation in phases from as early as December
May 11, 2012
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Farm minister insists U.S. beef is safe
Korean Agriculture Minister Suh Kyu-yong reaffirmed on Friday that the beef imported from the U.S. poses no threat to public health.“There is no problem with the safety of U.S. beef, but the quarantine strengthening policy will continue,” Minister Suh said.The minister made the remarks after being briefed on the report from the Korean inspection team, which returned home earlier in the day from its trip to the United States. “After examining documents and earmark of the cow regarding the recent
May 11, 2012
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Peruvian president visits SK complex
SK Group said Friday that its chairman Chey Tae-won met Peruvian President Ollanta Humala at SK Energy’s oil refinery complex in the southeastern coastal city of Ulsan. The group said that the visiting president discussed future partnerships with the nation’s energy giant in resource development and other energy businesses. “Since its first participation in developing an oil field, Block 8, in 1996, SK and Peru have maintained a partnership for 17 years,” Chey said at the meeting. “We expect to
May 11, 2012
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Company pavilions open arms to visitors
Seven Korean conglomerates run pavilions with distinctive themes, featuresDomestic large companies are getting busy to introduce their pavilions to the visitors as the Yeosu Expo is scheduled to kick off on Saturday.Seven major companies in Korea ― Hyundai Motor, POSCO, SK Telecom, Samsung, LG, GS Caltex and Lotte ― have completed their pavilions to open it up for visitors of Expo 2012 Yeosu, which runs from May 12-Aug. 12.The firms will hold briefings for VIP guests to explain the highlights o
May 11, 2012