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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Samsung, Kia join hands for new K9
Samsung Electronics said Tuesday that it joined hands with Kia Motors to equip its new vehicle K9 with the firm’s flagship tablet PC Galaxy Tab 10.1.The two firms plan to provide the special edition of the Galaxy Tab 10.1 to those who pre-register to purchase the to-be-released sedan by June, according to Samsung officials. The move comes after the two jointly developed a customized solution for the owners of the newly launched car. The new K9 is scheduled to be released next Monday.With its foc
May 1, 2012
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Hyundai Heavy completes power, desalination plants in Bahrain
Hyundai Heavy Industries has completed the construction of massive power and desalination plants in Al-Dur, Bahrain, company officials said on Tuesday.Hyundai Heavy executives and King Hamad Bin Issa Al Khalifa of Bahrain attended a ceremony on Monday to celebrate the completion of the project worth about $1.7 billion, they said. Bahrain’s new power and desalination plants are gas-fired combined-cycle units and can generate up to 1,245 mega watts of power, capable of supplying 40 percent of Bahr
May 1, 2012
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LG Display settles claims of price-fixing in 8 U.S. states
LG Display Co. agreed to settle claims by eight U.S. states and consumers that the company colluded with other makers of liquid-crystal displays to fix prices.The company said on Tuesday in a regulatory filing that it reached an agreement in principle with a class of so-called indirect purchasers and with the attorneys general of Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia and Wisconsin. Terms of the settlement, which must be approved by a judge, were not disclosed
May 1, 2012
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Samsung, SKT to launch feature phone next week
Amid a proliferation of high-end smartphones here, Samsung Electronics and SK Telecom have teamed up for a rare project ― a flip phone running on the third-generation network service. SK Telecom, the nation’s largest mobile carrier, said Tuesday that it will launch a new handset model called “Wise2” next week to meet feature phone demand, especially from those in their 40s or older. According to a recent survey by the company, the age group made up almost 70 percent of the total feature phone us
May 1, 2012
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New wave of consumerism is transforming marketing
As the aftershocks of the global financial crisis languish, financial market uncertainty, rising inflation and falling house values continue to suppress consumer sentiment and slash the spending capacity of Koreans. Under these circumstances, past spending filled with optimism is fading away. Consumers now search for the lowest prices on staple items. Still, they hone in on coveted products even though they may be expensive.Consumer interest is also growing in eco-friendly and socially conscious
May 1, 2012
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LG founder joins CEA’s Hall of Fame this year
LG Group said Tuesday that Koo In-hwoi, founder of LG Corp., was inducted into the Consumer Electronics Association’s 2012 Hall of Fame.Joined by 11 others, the U.S.-based CEA, which is the organizer of the world’s biggest electronics annual trade show in Las Vegas, said it chose Koo for leading the consumer technology industry as well as shaping and advancing innovation.The 12 new honorees will be inducted into the organization’s Hall of Fame during an awards dinner held on the sidelines of its
May 1, 2012
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Police investigating new dog-dragging case
Police in Busan launched an investigation Tuesday into a report that a person drove a car with a dog dragged behind it last week.A civic group called Coexistence of Animal Rights on Earth has filed a complaint with the city police after receiving a tip from a witness. Video footage shot on April 29 shows a large dog on a leash being dragged behind a city car. It has been circulated on the Internet and TV channels triggering calls against animal cruelty.“Although passing-by cars honked horns and
May 1, 2012
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Consumers given wider access in purchasing cell phones
Foreign handset makers eye Korea’s low-end marketA cell phone blacklist system takes effect from Tuesday, allowing consumers to buy a handset through any distribution channel and activate network service just by inserting a universal subscriber identity module chip.Only blacklisted phones that are reported stolen or lost by their original owners would have limitations in accessing a mobile network, said the Korea Communications Commission. With the distribution channel for handsets getting more
April 30, 2012
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Beef inspection team heads for U.S.
A South Korean beef inspection team left for Washington on Monday to investigate the latest mad cow disease case and the overall safety of U.S. beef. The Ministry for Food, Agriculture, Forestry and Fisheries said that it may take additional measures depending on the results reported by the team. Led by Joo Yi-seok, head of the animal disease prevention department at the Animal, Plant and Fisheries Quarantine and Inspection Agency, the team is comprised of nine members including government offic
April 30, 2012
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LGE, Microsoft may tie up on smartphones
MS chief Ballmer likely to meet Koo during visit to Seoul this month: sourcesEyes are on the possibility of Microsoft’s chief executive Steve Ballmer holding a meeting with the chief of LG Electronics, as the U.S. software giant chief is expected to visit Seoul this month.Industry sources said Ballmer is likely to engage in business meetings with local industry representatives, including LG and its platform developers, as he is coming to speak at the Seoul Digital Forum on May 22.“Ballmer, who
April 30, 2012
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Microsoft, LGE may hold talks on smartphones
Steve Ballmer is highly likely to meet Koo Bon-joon during visit to Seoul this month: sources Eyes are on the possibility of Microsoft’s chief executive Steve Ballmer holding a meeting with the chief of LG Electronics, as the U.S. software giant chief is expected to visit Seoul this month.Industry sources said Ballmer is likely to engage in business meetings with local industry representatives, in
April 30, 2012
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The secrets of Korea’s caviar kingpin revealed
CHEONGJU (Yonhap News) ― The banks of the Namhan River bend throughout this region of the Korean countryside, said to be the geographical center of the nation. It’s an area dotted with apple orchards and surrounded by green hills, where on a quiet afternoon the sound of chanting can be heard, echoing from a Buddhist temple. At one spot along the shoreline stand what appear to be above ground, Olympic-sized swimming pools. But you won’t find any athletes doing laps in their lanes. The river water
April 30, 2012
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Samsung-Apple settlement talks set for May 21-22
Samsung Electronics confirmed Sunday that the planned CEO-level meeting between the company and Apple will take place in a San Francisco court house on May 21-22. A Samsung spokesperson contacted by The Korea Herald refused to elaborate further on the issue, though. The Suwon, Gyeonggi Province-based company said earlier on April 18 that its vice chairman Choi Gee-sung will meet Apple’s chief executive Tim Cook following a court order for a settlement conference. On April 17, U.S. Judge Lucy Koh
April 29, 2012
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LG Group to showcase tech prowess at Yeosu Expo
YEOSU, South Jeolla Province ― With the media chandelier presenting the world’s first kinetic multimedia art piece in its exhibition hall, LG is gearing up to meet visitors for the upcoming Expo 2012.LG Group on Friday showcased its four-story building to reporters in the southern coastal city, that features a media chandelier composed of 54 47-inch display panels which presents dynamic artwork accompanied by sound and its soon-to-be-unveiled 55-inch OLED TVs.With the theme “Life is Green,” the
April 29, 2012
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Lockheed Martin to build Korea flight training center
U.S. aerospace and defense giant Lockheed Martin Corp. will build a flight training center in western South Korea for pilots working for local low-cost carriers, the land ministry said Sunday.Under an agreement signed Friday with Incheon International Airport Corp., Lockheed Martin will invest $15 million in the envisioned training center, according to the Ministry of Land, Transport and Maritime Affairs.The training center will be located near Incheon International Airport, about 40 kilometers
April 29, 2012
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Kangwon Land strives to be Asia’s leading resort complex
Korea’s sole casino for locals adds hotel, condo, ski slopes, convention center and water parkSpurred by its robust casino business, Kangwon Land has been striving to transform into a multiplex resort and one of Asia’s leading tourist destinations. Its decade-long efforts are now coming to fruition. In addition to bustling gambling floors, it now features two hotels, condominiums, an 18-slope ski resort, a golf course and a convention venue with a water park slated for 2015.Also known as High1 R
April 29, 2012
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High 1 Resort in final preparations for FIS congress
High 1 Resort is undergoing final preparations to host the International Ski Federation’s congress at the Kangwonland Convention Hotel in Gangwon Province from May 27 through June 2.About 1,500 people from 110 countries will gather at the 48th International Ski Congress, one of the largest winter sports-related events.It will be the first time the FIS congress is held in Asia.As most of the participants of the congress will be foreigners, High 1 Resort is designing the events and banquets during
April 29, 2012
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Resort company takes pains to give back to communities
Casino-hotel complex supports education, culture and social enterprisesSince its founding in 1998, Kangwon Land has made social contribution a key part of its agenda, reflecting its mission of perking up the regional economy.The company says its programs aim to revive lethargic former coal mining towns in southern Gangwon Province and promote co-prosperity with contractors that employ residents there.Around 20 billion won ($17.6 million) is channeled into projects including educational support,
April 29, 2012
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The North Face fined for abusing retailers
The nation’s antitrust watchdog said Sunday that it has fined The North Face Korea 5.2 billion won ($4.6 million) for pushing its sales outlets to maintain prices high with an aim to continue its premium image here. The penalty fee is the highest-ever amount imposed by the Fair Trade Commission on the unfair business practice that limits discount rate of product prices, officials said. Under fair trade rules, retailers in the distribution channels are allowed to adjust their prices to compete fr
April 29, 2012
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Samsung coyness puts smartphone crown in dispute
Smartphones are the hottest gadgets in the world. But who's the biggest smartphone maker? We don't really know. (AP-Yonhap News)Samsung, Apple's chief competitor, gives only vague indications of how many it makes, which means industry watchers come up with widely diverging estimates. Apple Inc. reports its iPhone sales down to the thousands. In the January to March period, it shipped 35,064,000. S
April 29, 2012