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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North Korea already cut off inter-Korean roads in Aug.: JCS chief
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Seohee Construction names new president
Seohee Construction said Monday that it has recently named architect Kim Sang-kyung as it new president. Kim, 59, earned a bachelor’s degree in architecture at Yonsei University and two master’s degrees at Seoul National University and University of Texas in Austin. He also earned a Ph.D. in architecture from University of Pennsylvania. The former professor at Kyung Hee University has diverse experiences in architecture, urban development and project management across all types of building proje
May 7, 2012
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LG Electronics to roll out new Google TV on May 17
Korean firm to unveil Internet-enabled TV set on Android platformLG Electronics plans to roll out its new Google TV for the U.S. market on May 17, strengthening its alliance with the U.S.-based software giant, according to an LG executive.Ro Seog-ho, executive vice president of the firm’s TV business unit, said it will finish producing the 47-inch and 55-inch 3-D capable TV sets running on Google’s upgraded Android platform 2.0 next week and have it ready for U.S. consumers in the week of May 21
May 7, 2012
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LG Electronics to roll out new Google TV on May 17
LG Electronics will roll out its new Google TV in the U.S. on May 17, strengthening its alliance with the U.S.-based software giant.An LG executive said Monday that it will release the 3-D-capable TV sets running on Google’s Android platform next week, which is the first lineup of the second generation of Google TV device. However, consumers will be able to meet the new product in the week of May 21.Together with the new TV set, the company will also feature a gesture-based remote controller whi
May 7, 2012
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Hyundai Motor offers protocol vehicles for Expo
Hyundai Motor Group provided dozens of green-energy transportation vehicles for the Yeosu Expo 2012 on Sunday.The 51 eco-friendly vehicles include hydrogen fuel-cell operated Tucson ix and Mohave cars; electric-powered Ray EV and BlueOn vehicles; hydrogen fuel-cell buses, and compressed natural gas hybrid buses. The green-energy transportation will mostly be used to carry Expo staff, performance groups and organizing committee members. Among these vehicles, 20 hydrogen fuel-cell operated and ele
May 6, 2012
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Homeplus to hold Korean food fair in London
Homeplus said Sunday that it will hold a Korean food fair in London during the Summer Olympics in partnership with its parent company, U.K. retail giant Tesco. Titled “Taste of Korea,” the upcoming event will be held at the Tesco Extra New Malden store in London from June 25-Aug. 31, the nation’s second-largest supermarket chain said. Some 150 Korean food items are to be displayed during the period, with the size doubled from the same event last year, the company said. Participating companies wi
May 6, 2012
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GS Global acquires stakes in U.S. oil field
GS Global Corp., a chemical unit of GS Group, said Sunday that it has acquired stakes in a U.S. oil field with the aim to step up efforts to enter the overseas resource development market. GS Global said it has inked a deal with Longfellow Nemaha LLC, a subsidiary of U.S.-based Longfellow Energy, to acquire a 20 percent stake in the Nemaha oil field located in OklahomaWith fellow local companies GS Energy and Fine Partners Corp. also each winning a 10 percent stake during the bid in Dallas, Kore
May 6, 2012
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Herald Media enters plastic recycling business
Herald Media has made inroads into the environmentally friendly plastic recycling market as part of the media group’s ongoing efforts to expand its presence beyond its media business. The group on Thursday held a ceremony celebrating the completion of a new factory of its new subsidiary Herald Ecochem in Gimpo, Gyeonggi Province, with some 30 executive officials in attendance. Participants in the event included lawmaker Jungwook Hong, who is also the largest shareholder of Herald Media, CEO and
May 6, 2012
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Hyundai Oilbank sponsors Dream Concert 2012
The joint K-pop concert, dubbed Dream Concert, for this year is drawing heated attention, its official sponsor Hyundai Oilbank said Sunday.The event, one of the nation’s largest concerts featuring a group of Korean pop singers, is scheduled to be held at the Sangam World Cup Stadium in Seoul on May 12.Hyundai Oilbank revived the Dream Concert in 2010 after Hyundai Heavy Industries took over the petroleum and refinery firm from foreign capital. “The concert had to suffer suspension for a certain
May 6, 2012
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SK Hynix drops out of Elpida bidding
SK Hynix announced it will not participate in the bid for Tokyo-based Elpida Memory on Friday after it took a cautious stance on the issue last week.Following a board meeting which went on for more than two hours, its decision-makers came to the conclusion not to join the second round of bidding to take over the financially troubled Elpida.“What’s important is whether the second bidding is worth it in strategic aspects, but we decided that the acquisition doesn’t give us the advantage strategica
May 4, 2012
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1st round of FTA talks with China due May 10
Korea will hold its first round of negotiations with China on the bilateral free trade agreement next Thursday in Beijing, Seoul’s Trade Ministry said Friday.The two sides will set the detailed rules on how to proceed with the negotiations and exchange views on the scope and coverage of the FTA at the meeting next week, the ministry said in a statement.They also plan to discuss how to organize the negotiation working groups, exchange trade statistics and information related to tariff rates and f
May 4, 2012
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Hyundai Motor sponsors Brazilian scholarship program
Hyundai Motor Co. agreed to sponsor Brazil’s scholarship program to send 100,000 undergraduate students to study in the world’s top schools by 2014.The carmaker inked a preliminary deal with the Brazilian education ministry at the ministry building in Brasilia on Thursday to offer students internship opportunities in Korea and grant scholarships. The “Science without Borders” scholarships will be given primarily to students in the fields of science, technology, engineering and mathematics as par
May 4, 2012
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Steelmaker mired in controversial ‘Picity’ project
Steelmaker mired in controversial ‘Picity’ development project and patent suitPOSCO, the world’s fourth-largest steelmaker, is mired in the influence-peddling scandal involving “Picity.” Suspicious eyes are looking to relations between POSCO and JE&T chief Lee Dong-jo after prosecutors summoned Park Young-joon, a former vice commerce minister and close confidant to President Lee Myung-bak, to question him about the corruption scandal. While businessman Lee allegedly managed Park’s slush funds,
May 3, 2012
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Starbucks Korea to raise coffee prices
Starbucks Coffee Korea said it would raise its prices of 32 kinds of coffee by 300 won starting Monday.The 32 items include Americano, cafe latte, caramel macchiato, espresso, green tea latte and mocha frappuccino. With the increased prices, a tall Americano will cost 3,900 won, tall café latte 4,400 won and a tall caramel macchiato, 5,400 won.The prices of 10 other coffees, including espresso double shot and caramel café mocha, will remain unchanged, while four other drinks including lavendar E
May 3, 2012
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Galaxy S3 spec leaked by Samsung employee
Specifications for the Galaxy S3, Samsung’s rival model against Apple’s iPhone 5, have been leaked by an employee of the company’s Chinese affiliate, news reports said Thursday.The details include the Ice Cream Sandwich OS system, 1.5 GHz Quad Core CPU, 4.8-inch Super AMOLED display and an 8-megapixel camera.There have been rumors about Galaxy 3’s specifications on the Internet, but the latest revelation of the phone’s design and specifications match the real product, reports said.Samsung Electr
May 3, 2012
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Lee says he will leave inheritance suit to attorneys
Samsung Electronics chairman Lee Kun-hee said Wednesday he would no longer get involved in the inheritance suit with his siblings, apologizing for publicly expressing his anger over the case.While meeting reporters at the Gimpo International Airport to leave for Europe, Lee said: “I will leave the suit up to the legal professionals and only focus on nurturing Samsung Group.”Lee’s comments come after he fiercely criticized his elder brother Maeng-hee and sister Sook-hee for filing inheritance sui
May 2, 2012
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Samsung to change lines to non-memory chip manufacturing
Tech giant moves to expand production of higher efficiency chipsSamsung Electronics is considering transforming some of its existing memory fabrication manufacturing lines into non-memory ones at its plants in Korea and abroad.Industry sources and analysts said that the move comes as demand for non-memory chips such as application processors is set to increase on burgeoning smart devices, while personal computers face decline.AP non-memory chips, which operate much like central processing units
May 2, 2012
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Voluntary recalls surge after Toyota fiasco: FTC data
The automotive industry led a surge in voluntary recalls across industries in Korea, in the wake of the massive recalls of Toyota in 2010, the nation’s antitrust watchdog said Wednesday. According to the Fair Trade Commission, Korea saw a 70 percent increase in recalls from 495 in 2009 to 848 in 2010 and 826 in 2011. Voluntary recalls surged 43.9 percent. Even though the food industry reported the most recalls last year with 247, the automobile industry exceeded other sectors for voluntary recal
May 2, 2012
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Kia eyes luxury market with K9
Kia Motors unveiled Wednesday its first luxury sedan, the K9, signaling fiercer competition in the nation’s soaring premium car market.Kia held a launching event on the day at the Grand Hyatt Hotel in central Seoul, with some 1,200 VIP guests including Knowledge Economy Minister Hong Suk-woo and Hyundai-Kia Group chairman Chung Mong-koo in attendance. Following its previous hit K5 and K7 series sedans, launched in 2010 and 2009 respectively, the K9 is designed as a luxury sedan, the company said
May 2, 2012
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Ramen makers to sue antitrust regulator
Companies claim they followed price guidelines from Finance MinistryKorean noodle makers are considering legal action against the Fair Trade Commission over sanctions it imposed on them.The companies producing ramen include Nongshim, which holds the dominant position in the industry.The FTC fined Nongshim and three other players 135.4 billion won ($120 million) for collusion in fixing prices.The regulator said that Nongshim, Samyang, Ottogi and Korea Yakult sought to rig prices on six different
May 2, 2012
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Samsung chairman says he will not get involved in inheritance suit
Samsung Electronics chairman Lee Kun-hee said Wednesday he will no longer get involved in the inheritance suit with his siblings, apologizing for publicly expressing his anger on the case.While meeting reporters at Gimpo International Airport before leaving for Europe, Lee said, “I will leave the suit up to the legal professionals and only focus on nurturing Samsung Group.”Lee’s comments come after he fiercely criticized his elder brother Maeng-hee and sister Sook-hee for filing inheritance suit
May 2, 2012