Most Popular
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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Ex-president's daughter investigated for drunk driving accident
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Seoulites celebrate coexistence at Wellness Seoul 2024
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S. Korea, Singapore seal supply chain agreement
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Netflix, streaming platforms come under fire for loose ratings
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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20 minors registered as CEOs making over 100 million won
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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K-pop CEOs sidestep key issues at National Assembly audit
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[SUPER RICH] Korean corporate leaders bound by school ties
Being able to spot emerging trends and shifts in global affairs as well as gaining expertise ahead of others are all key to becoming a successful chaebol heir.In an era that stresses sensibility and communication, convergent thinking and studying abroad seem to have become top priorities for many.It follows that when observing the educational paths the superrich families have taken overseas, commonalities are revealed. It becomes clear which schools are being preferred and how blood ties can oft
May 13, 2014
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Samsung’s global tablet PC share hits new high in Q1
Samsung Electronics saw its market share in tablet PCs reach a record-high level in the first quarter of the year, data showed Tuesday, narrowing its gap with U.S. rival Apple. The world’s biggest smartphone maker took up 22.6 percent of the global tablet PC market by shipping 12.8 million units of such devices in the January-March period, the data by market researcher Strategy Analytics showed. It marked a 3.7 percentage points increase from the 18.9 percent posted in the previous year, when Sa
May 13, 2014
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Banks’ bad loan ratio rises slightly in Q1
The bad loan ratio of local banks rose slightly in the first quarter of this year from three months earlier from an increase in fresh overdue debts, the financial watchdog said Tuesday.The combined bad loan ratio stood at 1.81 percent at the end of March, up 0.02 percentage point from the previous quarter, according to the Financial Supervisory Service.The bad loan ratio refers to the proportion of a bank’s nonperforming loans to their total lending. A debt that has been in arrears for more than
May 13, 2014
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Korea plans offshore bond sale as sovereigns gain most since 2009
South Korea is considering a sale of dollar- and euro-denominated bonds amid the best start to a year for sovereign debt since 2009. Asia’s fourth-largest economy plans to meet investors in the U.S. and Europe from May 21 to discuss a possible offering, a person familiar with the matter said yesterday, asking not to be identified because the details are private. The Tokyo Metropolitan Government intends to price five-year dollar notes as soon as today, a separate person said.Sovereign bonds in t
May 13, 2014
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Korea’s ICT exports rise 4.5% on-year in April
The country’s exports of information and communications technology products rose 4.5 percent in April from a year earlier on growing shipments to China and the U.S., the government said Tuesday.Outbound shipments of ICT products came to $14.76 billion last month, compared with $14.12 billion in the same month last year, according to the Ministry of Trade, Industry and Energy.The April figure, however, marks a 1.5 percent drop from $14.98 billion posted in the previous month. “Overall exports of
May 13, 2014
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Hyundai to launch Sonata hybrid in Latin America
Hyundai Sonata hybridHyundai Motor, the country’s top carmaker, said Tuesday it will launch its popular Sonata hybrid in the Latin American market this year, with the first vehicles to be sent to Ecuador.Approximately 3.42 million new cars are expected to be sold in the Latin American market this year, with 3,500 to be hybrids.“The hybrid market is not that large, but these cars are viewed as being high-tech by consumers, so by selling the Sonata HEV, Hyundai aims to improve its brand value that
May 13, 2014
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New Volvo trucks make Asian premiere in Seoul
Volvo Trucks executives pose with the Volvo FH in a press event held at W-Seoul Walkerhill in Seoul on Monday. From left are Kim Young-jae, Volvo Trucks Korea president; Christophe Martin, senior vice president of Volvo Group Trucks Asia Oceania; and Joachim Rosenberg, executive vice president of Volvo Group. (Volvo Trucks Korea)Volvo Trucks, the world’s second-largest truckmaker, held the Asian unveiling of its new flagship trucks ― the Volvo FH, FM and FMX ― in Seoul on Monday in a move to ren
May 12, 2014
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Korea unveils 10 breakthrough clean energy technologies
Ten promising clean energy technologies that will help accelerate the global transition to clean energy were announced in Korea on the first day of the fifth Clean Energy Ministerial meeting.The global forum of energy ministers and officials from 23 governments kicked off on Monday at the Grand Hyatt Hotel for a two-day run. The participating governments represent 90 percent of all global clean energy investment and 80 percent of global greenhouse gas emissions. Korean Energy Minister Yoon Sang-
May 12, 2014
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재벌 3세들 美명문대 수학은 기본
부자들의 교육에는 유행이 있다. 시대가 선호하는 인재상과, 세계 정세의 변화 등 다양한 요인을 읽을 수 있어야 후계자들을 부자로 키워낼 수 있기 때문이다. 감성과 소통을 중시하는 시대에는 ‘통섭형 인재’가 각광받고, ‘뜨는’ 국가로 유학 행렬이 몰리기도 한다.교육열 높기로 둘째라면 서러운 한국에서 슈퍼리치들의 교육열은 어떤 방향을 향하고 있을까. ‘외국물’ 먹은 슈퍼리치들의 교육 행보를 보면 선호 학교가 뚜렷하고, 혈연이 학연으로도 이어지는 등의 특성을 확인할 수 있다. 또 재계 2세들보다 3세들이 일찍 외국 문물을 접하고, 중국 등 신흥 국가로 눈을 돌리고 있다는 점도 눈길을 끈다.▶조지워싱턴, USC…유행따라 선호학교 뚜렷 = 조지워싱턴대나 서던캘리포니아(USC) 동문회에는 국내 주요 기업 오너가 일원들이 절반을 차지할 듯 하다. 양 대학은 가히 국내 기업의 유학파 리더들에게 가장 인기있는 학교 ‘양대산맥’이다.조지워싱턴대학에서는 이건희 삼성전자 회장을 비롯해 KCC그룹의 정몽
May 12, 2014
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[SUPER RICH] E-Land vice chair dreams of hallyu empire
E-Land vice chairwoman Park Sung-kyung (E-Land)E-Land vice chairwoman Park Sung-kyung has been more than just an entertainment figure in Korean showbiz. While most of the superrich invite K-pop stars to perform at their events, the sister of E-Land chairman Park Sung-su organizes and arranges K-pop concerts and other shows under the theme of World & Asia Pop, or WAPOP. Park presented the first WAPOP concert last October at Children’s Grand Park in Seoul. While scenes from popular TV dramas were
May 12, 2014
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Samsung's management intact amid Lee Kun-hee's hospitalization: official
Samsung Group said Monday its daily management activities were on schedule despite the hospitalization of its de facto head, Lee Kun-hee, who received emergency treatment for a heart attack."We are not arranging any special meetings concerning management problems, as the chairman has not been directly involved in management affairs," said Lee June, Samsung's chief communications official. "We are continuing our usual daily tasks."Lee, the chairman of Samsung Electronics Co., was treated for myoc
May 12, 2014
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Korean cosmetics exports hit record high on hallyu boom
The Korean cosmetics brand zone of a Lotte duty free shop in downtown Seoul is packed with Chinese travelers visitors Korea during Chinese New Year holidays. (Yonhap)Korean beauty companies are gaining new footing in overseas markets, taking advantage of the K-pop boom that now affects fashion and lifestyle trends in Asian countries. According to data from Statistics Korea on Friday, the nation’s cosmetics exports hit a record high of $1.04 billion last year. The figure was a sixfold increase fr
May 11, 2014
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Korea’s farm exports jump nearly 14% in April
South Korea’s exports of agricultural and food products rose from a year earlier last month on a large increase in shipments to the United States and Southeast Asian nations, the government said Sunday. Shipments of farm goods amounted to $556.6 million in April, up 13.8 percent from the same month last year, according to the Ministry of Agriculture, Food and Rural Affairs. Exports to Japan, the world’s single-largest importer of Korean farm products, gained 3.4 percent on-year to reach $110.5 m
May 11, 2014
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Kia Sorento named ‘Best Family Vehicle’
Kia Motors’ 2015 Sorento sport utility vehicle has been named the “Best Family Vehicle” by the Northwest Automotive Press Association, the carmaker said Friday.Kia Motors America said more than 20 NWAPA journalists evaluated vehicles during the annual two-day “Mudfest” competition held in Washington state on both paved and moderate off-road routes. The carmaker said the midsize Sorento received high marks for its appealing blend of all-round style, driving capabilities and host of safety feature
May 11, 2014
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Samsung on alert over chief’s heart problem
Samsung Group chairman Lee Kun-hee, who is recovering from a heart stent placement early this morning at Samsung Medical Center, had underwent another heart surgery just a few weeks ago, a corporate insider told The Korea Herald.“The chairman had minor heart surgery at the same hospital a few weeks ago after he came back to Korea on April 17,” a corporate official confirmed under the condition of anonymity. The official did not confirm the exact date Lee had the surgery. Samsung Group chairman L
May 11, 2014
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Samsung chief Lee Kun-hee admitted to hospital
Samsung Electronics Co. chairman Lee Kun-hee (Yonhap)Samsung Electronics Co. chairman Lee Kun-hee was admitted to a hospital due to a respiratory problem after receiving cardiopulmonary resuscitation (CPR), company officials said Sunday.Lee, 72, received CPR at a hospital near his home in central Seoul Saturday night and was moved to Samsung Medical Center, according to the officials."I can confirm that he is now at Samsung Medical Center," said an official. "He is in a very stable condition and
May 11, 2014
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KAI to supply primary trainers to Air Force Academy
Korea Aerospace Industries Ltd., the country’s sole aircraft manufacturer, said Friday that it reached an understanding to supply primary trainer aircraft to the Air Force Academy.The memorandum of understanding calls for the KC-100 Naraon single propeller-driven aircraft to be used by fourth-year cadets so they can better understand flying dynamics. The agreement was reached between KAI, the defense and transportation ministries and the Defense Acquisition Program Administration.No details on w
May 9, 2014
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Air France lures high-end fliers with new luxury suite
Air France’s new first-class cabin “La Premiere” (Air France)SHANGHAI, China ― Air France unveiled its new first-class cabin, branded as “La Premiere,” at a media event in Shanghai on Wednesday as part of its renewed ambition to win over Asia’s high-end fliers. The new luxury suite features a seat that turns into a fully, flat bed stretching more than 2 meters long and 77 centimeters across ― one of the most spacious in the market. Down pillows and comforters are offered by French hotel group So
May 8, 2014
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Doosan closes food service business: KFC
Doosan Corp., the de facto holding company of Doosan Group, said Thursday that it signed a share purchase agreement with CVC Capital Partners, a European private equity firm, to sell its KFC franchise in Korea. “Under the agreement, the group sold its entire 100 percent stake in SRS Korea, an affiliate of Doosan and the operator of the KFC chain in Korea, to CVC for 100 billion won ($97.8 million),” the company said in a press release. With the move, Doosan, once a beverage and food giant in Kor
May 8, 2014
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Top 30 biz groups locked in W9.58tr legal battle
South Korea’s top 30 business conglomerates are locked in expensive litigation that could cost them up to 9.58 trillion won ($9.35 billion), a local corporate research firm said Thursday. According to CEO Score, 189 listed companies belonging to the conglomerates are engaged in 5,393 lawsuits.On average, each company was being sued for 1.8 billion won, with the total equivalent to 19 percent of the 50.5 trillion won in net profits generated by these businesses for all of 2013.Samsung was embroil
May 8, 2014