Most Popular
-
1
Korea added to key bond index
-
2
Taking away phones during school hours not a human rights violation: watchdog
-
3
North Korea notifies UN Command of plans to fortify border with South
-
4
Will Apple quit smart ring race with Samsung?
-
5
[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
-
6
Jay Park returns with quintessential R&B album after 8 years
-
7
More deaths in ICU following doctors' mass walkout: lawmaker
-
8
Security issues to take center stage at ASEAN summit
-
9
Netflix's latest runaway hit is a Korean reality cooking show
-
10
[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
-
S-Oil’s earnings rise 25% on prices, margin
S-Oil, the nation’s third-largest oil refiner, said on Tuesday that its operating profit rose 24.8 percent to 518.4 billion won ($475.2 million) in the third quarter on-year thanks to rising international oil prices and improved refining margin.The company’s revenue increased 8.9 percent to 8.5 trillion won and net profit surged 625.5 percent to 456.1 billion won for the three months up to Sept. 30 compared to the same period last year.By business area, the company’s oil refining and petrochemic
Oct. 31, 2012
-
Hana Academy and KEB union in legal battle
A squabble between the union of a local bank and a private academy may escalate into a full-scale legal war. Kim Seung-yu, head of the Hana Academy School’s board of directors, and Yoon Kyo-jung, a board member, said on Tuesday that the school would take legal action against the union at Korea Exchange Bank for slander, and also seek compensation for damages. Earlier last month, the KEB union took out an ad in a local newspaper lambasting Hana for accepting 25 billion won ($23 million) in donat
Oct. 31, 2012
-
How far could Apple fall?
Apple Inc. has long been about infinitely more than just gadgets and devices; it became as iconic as an IT brand could get. Profit and stock prices aside, the fact that it garnered a spot on every hip youngster’s Christmas wish list was proof enough of its success.Now there are questions about whether it could follow in the footsteps of RIM and Nokia, one-time industry leaders who are now becoming mere shadows of their former selves. Apple certainly isn’t on its deathbed, far from it -- it’s sti
Oct. 31, 2012
-
Korea's industrial output inches up in Sept.
South Korea's industrial output crept up in September from a year earlier, but its growth pace remained sluggish apparently affected by cooling demand amid concerns over the eurozone debt crisis and global slowdowns, a government report showed Wednesday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries grew 0.7 percent last month from a year earlier, quickening from the previous month's 0.3 percent on-year gain. The output also g
Oct. 31, 2012
-
Samsung, LG join forces with Google for new mobile devices
Samsung and LG Electronics have joined forces with U.S. software giant Google Inc. to launch their latest smartphone and tablet PC running on the upgraded Android mobile platform.On its official blog on Tuesday, local time, Google introduced the two new Nexus wireless gadgets, which are reference products operating on the Android 4.2 Jelly Bean mobile operating system. LG strengthened its alliance with Google by unveiling the 4.7-inch smartphone named Nexus 4, which is LG’s first reference phone
Oct. 30, 2012
-
Auto imports to equal 10% ...of exports
The ratio of Korea’s automobile imports to its exports is likely to exceed 10 percent this year, for the first time in 20 years since 1992, a trade data showed.According to the Korea Automobile Manufacturers’ Association, the nation imported vehicles worth $3.46 billion (3.8 trillion won), which is equivalent to 10.8 percent of its vehicle exports worth $32.07 billion, for the first nine months of the year.The ratio last recorded a double-digit figure in 1992 when Korea’s vehicle exports stayed
Oct. 30, 2012
-
Neowiz unveils new online multiplayer game ‘Bless’
Neowiz Games, one of the country’s top game firms, introduced its new online game called “BLESS” at an event in southern Seoul on Tuesday, stating that the game will be available for play at the upcoming game show G-Star 2012 next week.Produced by a team of 150 game experts who developed “Lineage 2,” “Aion” and “TERA,” “BLESS” is the company’s first independently developed online game in the genre of massive multiplayer online role-playing game.The game features a fantasy based on the medieval t
Oct. 30, 2012
-
SK to revamp management system
SK Group will revamp its decision-making process in a bid to induce voluntary participation and the growth of subsidiaries, company officials said.The plan was unveiled by group chairman Chey Tae-won, who said during the 2012 CEO seminar that the currently “vertical” decision-making process would be shifted to a “horizontal” one.“We attained a surplus of all affiliates in 2005 and leaped again in 2007 by changing the group into a holding firm,” Chey told some 30 CEOs from each business unit.He s
Oct. 30, 2012
-
Hyundai-Kia dominates midsize, large car markets
The Market dominance of Hyundai and Kia among locally made vehicles is stronger than ever, especially when it comes to midsize and large cars. Their combined market share has reached nearly 90 percent in those sectors, the companies said Tuesday. In September, Hyundai and Kia vehicles made up 89.2 percent of midsize and large cars sold by five Korea-based carmakers, which also include Renault Samsung, GM Korea and Ssangyong. The figure was a 4 percentage point increase from 85.2 percent in Augus
Oct. 30, 2012
-
LG Group takes social responsibility a step further
Fighting for social causes is among the core responsibilities that every company is shouldered with. LG Group takes the job as seriously and applies unique ideas to do it the “LG way.”Along with the usual acts of charity, such as making monetary donations, sending employees abroad as volunteers and sending food aid, LG adds its own flavor: it uses its leading-edge technology to provide support in fields that had difficulty receiving help. “This is our way of saying thank you to our customers and
Oct. 30, 2012
-
SK supports sports that tell inspiring stories
First of all, I would like to thank the readers of The Korea Herald and its officials for placing our campaign in such high regard and giving us this award.It would not be an exaggeration to say that fringe sports categories were given a lot of attention during the Summer London Olympics, and that Korea did well in many of them.They include women’s handball, in which Korea continued to defeat many of the world’s strongest teams, fencing, in which the country brought home its best-ever results, a
Oct. 30, 2012
-
Dongbu offers tailored financial planning
Dongbu Financial Network is a total brand which operates six subsidiaries ― Dongbu Insurance, Dongbu Life Insurance, Dongbu Securities, Dongbu Asset Management, Dongbu Capital and Dongbu Savings Bank.We are committed to constructing an overall image by making advertisements since 2003. We are in the stage of expanding the image we have gained from past efforts and combining it with Dongbu Group’s concept.Dongbu has been delivering the message of “individualized financial planning” for the past d
Oct. 30, 2012
-
Mobis backs future scientists
It’s a great honor that the “Nobel Project” of Hyundai Mobis has won the 2012 Korea Herald advertising award. The Nobel Project is aimed at introducing socially responsible activities that Hyundai Mobis as a leading company in car parts technology carries out. Last year, we conducted a campaign offering transparent umbrellas to children in order to protect them from car accidents on rainy days.By featuring our childhood memories of once dreaming to become scientists, we wanted to share a meaning
Oct. 30, 2012
-
Your No. 1 creative partner in technology
LS Cable& System has a management philosophy of creating harmony with customers and is following a new vision to become “Your No.1 Creative Partner.”We are on the way to becoming a leading provider of customer specific solutions. LS Cable&System is a company where its employees can achieve their dreams.All employees share in the vision of creating a world-class company that can be the No.1 creative partner for customers.The state-of-the-art technologies of LS Cable&System meet the needs of consu
Oct. 30, 2012
-
Samsung to widen lead on Apple in smartphone market
Samsung Electronics Co. will likely widen its lead over closest rival Apple Inc. in the smartphone market share largely thanks to its diverse range of products, a report showed Tuesday.The South Korean tech leader is expected to hold a 37 percent share of the global smartphone market in 2013, selling 284 million units globally, Korea Investment & Securities Co. predicted in the report.It was comparable to the iPhone maker's 20.4 percent, equivalent to 157 million units. The difference between t
Oct. 30, 2012
-
GS-SK consortium wins $1b Thai plant deal
GS Engineering and Construction said Monday that a Korean consortium with SK Engineering and Construction has won a $1 billion contract to build a large-scale oil plant in Thailand.The 60-40 consortium established by the two leading Korean builders had participated in the project bidding announced by Integrated Refinery and Petrochemical Complex, an affiliate of the state-run Petroleum Authority of Thailand. The two companies plan to cooperate to build an oil-refining plant and related facilitie
Oct. 29, 2012
-
Top 1% of firms pay nearly 90% of corporate taxes
Corporate taxes paid by the top 1 percent of South Korean businesses made up nearly 90 percent of the total, data showed Monday, suggesting that a small number of large conglomerates are dominating markets.According to the data provided by the National Tax Service, the country’s top 1 percent out of 460,614 corporations paid a combined 32.7 trillion won ($29.8 billion) in corporate taxes last year.The amount, from which tax exemptions and reductions were subtracted, accounted for 86.1 percent of
Oct. 29, 2012
-
Biz sentiment hits 3-month low for November
South Korean manufacturers’ business confidence for November dipped to a three-month low as the growth outlook remained bleak amid the global economic downturn, the central bank said Monday.The index of manufacturers’ outlook on business conditions came in at 70 for November, down from 72 tallied for October, according to a monthly survey by the Bank of Korea. The index measures manufacturers’ expectations for the coming month.The November index marked the lowest reading since the index for Augu
Oct. 29, 2012
-
Russia emerging as destination for Korean cars
Russia was the second-largest destination for Korean cars this year, while exports to Germany and the U.K. showed moderate growth with the market slowing in Italy and Spain, according to a report.The Korea Automobile Manufacturers Association said Monday that 154,732 Korean-made cars were exported to Russia during the nine months this year, next to 509,330 vehicles sold in the U.S. During the same period back in 2002, Korean carmakers sold only 4,632 cars in Russia. In 2009, they saw a 75 percen
Oct. 29, 2012
-
Samsung expands smart business in Vietnam, China
Samsung Electronics, already a leading business force in most emerging nations, is determined to solidify its footing in Vietnam and China, widely regarded as two of the most significant and influential overseas markets for both Korea and the world. The company has previously invested extensively in the regions, but is expected to further expand, armed with bigger investments and incentives for both markets.Reflecting the urgency of the issue, Samsung Electronics chairman Lee Kun-hee earlier thi
Oct. 29, 2012