The Korea Herald

Avalanche buries 100 Pakistani soldiers on glacier

ISLAMABAD (AP) -- An avalanche smashed into a Pakistani army base on a Himalayan glacier along the Indian border on Saturday, burying around 100 soldiers, the military said.Helicopters, sniffer dogs and troops were deployed to the remote Siachen Glacier to rescue those trapped, according to a military statement.The avalanche hit a battalion headquarters in the glacier's Gayari sector at 5:45 a.m,

International April 7, 2012

First stage of N.Korea rocket may be on launch pad: website

North Korea may have moved the first stage of a long-range rocket on to its launch pad, ahead of its possible lift-off next week, according to a U.S. specialist website.The 38 North website (38north.org) said an April 4 photo of the launch site at Tongchang-ri in the country's northwest indicated the first stage of the Unha-3 rocket, while not visible, may be placed in the gantry.The impoverished

North Korea April 7, 2012

Opposition candidate emerges as key variable in parliamentary race

An opposition candidate taking flak for foul language has emerged as a key variable in the upcoming parliamentary race, political watchers said Saturday.Kim Yong-min, a candidate for the Democratic United Party (DUP), who made a series of vile sexual remarks and derogatory comments to senior citizens, has come under increasing pressure to step down after it was found that he attacked South Korea's

Politics April 7, 2012

China to patronize N. Korea in post-launch tensions: expert

Should North Korea go ahead with a long-range rocket launch as early as next week, China will likely repeat its typically tepid and equivocal approach -- requesting the international community to act in a calm manner, an expert said Friday.Pyongyang will apparently try to ride on its renewed "blood alliance" with Beijing in defending itself from pressure from other regional powers, according to Ma

North Korea April 7, 2012

Deutsche faces prosecution inquiry

Jan. 1, 2012

Gaddafi signals defiance in TV appearance

World News Jan. 1, 2012

Korea to host insurance regulators’ meeting

FSS predicts about 200 officials to gather in Seoul in late SeptemberKorea’s financial authorities are making their dispositions as the chair of one of the world’s three major regulatory meetings, slated for Sept. 29-Oct. 1 in Seoul. This is the first time that the nation will host the annual conference of the International Association of Insurance Supervisors, which will mark the 18th gathering s

July 31, 2011

Nissan to battle German carmakers in Korea

Japanese automaker introduces new models to attract consumersNissan is set to wage a sales battles with German automakers in Korea by aggressively marketing its Infiniti series and the Cube, a characteristic box-like model.The second-largest automaker in Japan has set the goal of making the Infiniti series become one of the top three import brands in the premium luxury segment.“We are mapping out

Mobility July 31, 2011

Nissan to battle German carmakers in Korea

Mahindra sees India’s 1st cult brand aided by Ssangyong

The Actyon of Ssangyong Motor Co.At Ssangyong Motor Co., South Korea’s third-largest maker of sport utility vehicles, just about everything that could go wrong did in the past two decades. The company switched owners four times, faced bankruptcy and suffered one of the most violent strikes in modern Korean history in 2009. Workers in that clash took control of a plant for almost three months, usin

Mobility July 31, 2011

Kang named Hanwha Investment CEO

Kang Shin-woo, chief investment officer of Korea Investment Management, has been designated as the first CEO of the merged entity between Hanwha Investment Trust Manager and Prudential Asset Management.With the appointment of the 50-year-old fund manager, Hanwha Investment is poised to revamp its management structure and has set the goal of becoming the nation’s No. 1 asset management player. Kang

July 31, 2011

Brokerage firms set to increase equity capital

But they remain skeptical about M&As at present stageMajor securities firms are moving to meet the regulatory requirements in a bid to attain recognition as large-sized investment banks.The brokerages, such as Daewoo Securities and Samsung Securities, are poised to resort to increasing their equity capital as an initial step rather than pushing for mergers among them.Most of them plan to increase

July 28, 2011

Sonata, K5 hybrids draw global attention

Hyundai-Kia gear up to catch up with Toyota hybridsHyundai Motor and Kia Motors had fallen behind Toyota Motor and Honda Motor in developing fuel-efficient and eco-friendly vehicles.But the nation’s two affiliated companies have plunged into keen competition to dominate the international green car markets by launching the hybrid version of popular sedans this year.“While we have joined the growing

Mobility July 28, 2011

Sonata, K5 hybrids draw global attention

KEB faces penalties for irregular lending

Financial regulators have issued a caution against Korea Exchange Bank for unauthorized lending practices and are poised to levy a fine on the lender.The Financial Supervisory Service said Wednesday that it has cautioned the bank for breaching banking laws.The Financial Services Commission is also considering imposing fines of an unspecified value on the bank. It will be holding a panel discussion

July 27, 2011

Seoul to support M&As among brokerage firms

FSC to benchmark U.S. tolaunch another stock exchangeThe financial authorities have moved again to establish a Korean version of Goldman Sachs and launch another stock exchange in the local securities market.Though Korea had pushed ahead with the project to set up several big investment banks, the 2008 global financial crisis discouraged the nation from promoting mergers and acquisitions among bi

July 26, 2011

Seoul to support M&As among brokerage firms

Strong won pressures BOK on rate policy

The possibility that the Korean currency will rise in value up to nearly 1,000 won against the U.S. dollar is growing with recent stronger position of the won.The dollar has slid to around 1,050 won, the cheapest level in nearly three years due mainly to the combination of a strong trade balance and policy factors. Research analysts say the won’s gain is logical. They cite three reasons in particu

July 25, 2011

Articles by 김연세