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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S. Korea to keep tightened quaratine checks on U.S. beef
South Korea will maintain its tightened quarantine inspections regime on U.S. beef but take no steps to halt imports despite the recent discovery of a mad cow case in the United States, the farm ministry said Friday.The Ministry for Food, Agriculture, Forestry and Fisheries said a nine-person inspection team that checked various cattle and meat packing facilities in the United States concluded the
May 11, 2012
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Dongbu, Homeplus ‘poor’ on shared growth
Five more companies rated at bottom on shared-growth indexSeven big enterprises paid relatively little attention to “shared growth” with subcontractors, according an index released on Thursday by the presidential panel on shared growth.They were Dongbu Corp., Hanjin Heavy Industries & Construction, Hyundai Mipo Dockyard, Homeplus, Hyosung, LG Uplus Corp. and STX Offshore & Shipbuilding, according to the Commission of Shared Growth for Large and Small Companies.In the commission’s first unveiling
May 10, 2012
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Samsung to launch ‘premium’ OLED TV in second half
Company executive says OLED TV will be priced at over $9,458Samsung Electronics said Thursday it will launch the 55-inch premium OLED in Korea in the latter half of this year, pricing it at over 10.8 million won (about $9,500).In an event dubbed “2012 Samsung Premium TV Showcase,” the company said it will roll out the premium organic light-emitting diode TV set here and then release it in the U.S. and Europe.“We will launch the OLED TV here within this year,” said Kim Hyun-suk, executive vice pr
May 10, 2012
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Korea Trademark Association, EUCCK oppose ‘plain packaging’
The Intellectual Property Centre at the European Union Chamber of Commerce in Korea expressed deep concern over the New Zealand government’s decision to prohibit the use of trademarks and logos on tobacco packaging. “We would like to call for a careful consideration of the potentially harmful consequences of such a measure,” the center said in a statement. “The IP Center at EUCCK strongly advocates for the full enjoyment and protection of trademarks and other registered intellectual property in
May 10, 2012
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Saudi Arabia to ease rules for Korean builders
Korea and Saudi Arabia have agreed to exempt Korean builders from business restrictions for them to enter the 70 trillion won ($60 billion) housing market of the Middle Eastern country, officials said Thursday. Land, Transport and Maritime Affairs Minister Kwon Do-yeop met Saudi Arabia’s Housing Minister Shuwaish Al-Duwaihi in Seoul on the day to confirm the agreement tentatively made during summit talks in February. Despite their strong presence globally, Korean construction firms have not been
May 10, 2012
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Korea, Chile sign forestry agreement
Accord expected to help diversify Korea’s wood importsSouth Korea and Chile signed on Wednesday a memorandum of understanding on cooperation in forestry, in commemoration of their 50th year of diplomatic ties. Korea Forestry Service’s Minister Lee Don-koo and Chile’s Agriculture Minister Luis Mayol signed the MOU at Grand Hilton Hotel in Hongeun-dong, central Seoul. The pact promises cooperation in forestry including development and investment in forestry resources, manufacture and trade of fore
May 10, 2012
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Elevator security officials donate talents
Korea Elevator Safety Institute did volunteer work on Wednesday at Suwon Bohun Nursing Home in Gyeonggi Province. KESI announced on Thursday that 30 of its employees, including chief Gong Chang-seok, visited the nursing home for the event “We are all happy if elevators are healthy.” The group checked the security of the elevators installed at the nursing home and gave foot massages to the patients, took them for walks and served food. KESI also provided financial support. “The paradigm of volun
May 10, 2012
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Samsung testing expansion of flexible working hours
Samsung Electronics said Wednesday it is currently testing a new work system which allows its employees to stay on the job for only four hours during one of the five working days.The flagship unit of the country’s biggest conglomerate introduced the system for the first time last month in some departments such as the Digital Media and Communications research and development center in Suwon and the semiconductor research center in Hwaseong, Gyeonggi Province.“We decided to give it a grace period
May 9, 2012
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Lotte Beverage sued over safety of water in popular soju
A businessman has filed a complaint with the prosecution against Lotte Chilsung Beverage over the safety of the regenerated alkaline water it uses to make soju.Kim Mun-jae, CEO of Chafko, an eco-friendly material producer, said on Wednesday that he sued the liquor manufacturer for violating the food hygiene law by using regenerated alkaline water in Cheoumcheoreom, the brand’s popular soju. Lotte Chilsung Beverage has been using the water, which has a lower acidity level than natural water, as t
May 9, 2012
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Apple revises after-sales care policy for Korean consumers
It is now a lot easier for Apple users here to be compensated for their faulty products as the California-based electronics giant recently revised its after-sales policy in Korea. Apple, which has maintained a single policy globally with a few exceptions, had already started replacing faulty iPhones with new phones, not refurbished ones, in Korea since October last year.The company recently agreed to expand the improved after-sales services to all the products they sell in Korea, except its flag
May 9, 2012
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Japan’s Peach launches route to Seoul
Peach Aviation, a Japanese budget carrier, on Tuesday launched its first international route linking Seoul and Osaka, signaling fiercer competition with Korean and foreign low-cost airlines here. The low-cost unit of All Nippon Airways, based in Osaka, is the first budget carrier in Japan, and was established in February last year. Considering its low brand awareness in Korea, the late comer into the market pledged to focus more on a very basic principle ― offering cheaper deals, CEO Shinichi In
May 8, 2012
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Investment by 600 major firms to hit record high in 2012
The combined investment of the nation’s 600 major enterprises is projected to reach an all-time high this year despite uncertainties surrounding the business environment at home and abroad.According to a survey by the Federation of Korean Industries, local enterprises including Samsung Electronics and Hyundai Motor plan to invest 140.7 trillion won ($124.5 billion) ― the largest scale in history ― in 2012, up 12.1 percent a year earlier.“The survey shows that uncertainties like the eurozone debt
May 8, 2012
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Samsung, IT firms to make wireless charger
Joint project to develop device that charges remotelySamsung Electronics said Tuesday it has joined forces with other IT giants like Qualcomm and SK Telecom to develop a different wireless charger from the current device-on-pad method.The world’s largest maker of smartphones said it has formed a group called the Alliance for Wireless Power (A4WP) to introduce the resonant wireless battery charger. Members include Germany’s Peiker Acustic, U.S.-based accessory firm Ever Win International, furnitu
May 8, 2012
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Korea to crack down on rip-offs at Yeosu Expo
A team of government agencies will monitor for exorbitant accommodation prices during the EXPO 2012 Yeosu Korea, which kicks off its three-month run on Saturday. Eight governmental organizations, including the Fair Trade Commission, Yeosu City and the National Tax Service, formed an inspection team which checked on Wednesday and Friday accommodation throughout Yeosu City, announced The Ministry of Land, Transport and Maritime Affaires on Tuesday. The team examined the sanitary conditions of 50 l
May 8, 2012
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Lotte, Shinsegae eye ET Land
Retail rivals mulling takeover of electronic goods chainLotte Shopping and E-mart revealed on Tuesday intentions to buy ET Land, an electronic goods retail chain. Lotte Shopping said that it is examining the takeover but nothing is decided yet, following Korea Exchange’s call to confirm the spreading market speculation. “Detailed decisions will be made public within a month regarding the buy,” said the company. Shinsegae Group, which was also rumored to be eying ET Land, answered that the story
May 8, 2012
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Yahoo CEO apologizes for bogus degree
SAN FRANCISCO (AP) ― Yahoo CEO Scott Thompson is sorry for allowing an inaccuracy about his education to appear in his official biography, but not remorseful enough to heed calls for him to resign.Thompson apologized for the uproar caused by the misinformation in a memo sent Monday to the troubled Internet company’s employees. Yahoo Inc. provided a copy of the memo to the Associated Press.The memo didn’t offer any explanation why Thompson’s bio has periodically listed a bachelor’s degree in comp
May 8, 2012
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Koo vows to revamp structure, foster creativity
LG Group chairman Koo Bon-moo pledged to overhaul its corporate structure during his meeting with executives on Tuesday.“To take the initiative in the market, we need basic changes in our internal structure,” he told a monthly meeting of about 300 group executives.Koo also stressed the significance of creativity: “Bearing customer value in mind, we should build up differentiated competitiveness.”The LG chief has been leading the drive to nurture future growth projects by visiting LG Group units’
May 8, 2012
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SK Group exports hit record in Q1
SK Group said Monday its seven manufacturing units’ combined exports set a record high of $14.1 billion in the first quarter of this year, thanks to robust sales of petrochemical products. With the share of exports in sales exceeding 70 percent for the first time, the group said it has successfully turned into an export-driven conglomerate after a decade of efforts. Sales of the seven affiliates ― SK Innovation, SK Energy, SK Global Chemical, SK Lubricants, SKC, SK Chemicals and SK Hynix ― neare
May 7, 2012
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Exor proposes Lee as independent board director
Exor, an Italy-based investment holding company, has proposed Lee Jay-yong, president and chief operating officer of Samsung Electronics to be its board’s independent director. Lee is the only son of Lee Kun-hee, the owner of Korea’s largest conglomerate Samsung Group. Exor, meanwhile, is controlled by the Agnelli Family. Exor, whose portfolio includes Fiat and Chrysler, said in a press release on May 4 that it has filed candidates, including Lee, for the board of directors to its shareholders f
May 7, 2012
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Concerns rising over lack of Expo accommodation
Concerns are rising that visitors may suffer from a shortage of upper class accommodations in Yeosu, South Jeolla Province, where the World Expo 2012 will kick off this Friday.According to a survey conduced by the Korea Chamber of Commerce and Industry, local travel agencies expressed worries that the number of major hotels sits at four in the southern coastal city.The respondents said a large portion of local and foreign visitors will have to lodge at hotels in Gwangju and other neighboring cit
May 7, 2012