The Korea Herald

Prosecution to summon 30 FSS officials this week

Prosecutors plan to call in around 30 employees of the country's financial watchdog this week to determine whether they intentionally relaxed their inspections of savings banks in return for bribes, sources said Sunday. South Korea's top prosecutor has been widening its probe after the chief and other major shareholders at a suspended savings bank were found to have taken out illegal loans to lo

Social Affairs May 8, 2011

CrucialTec sees shining opportunities in smartphone boom

A global smartphone boom is proving to be a significant boon for business for CrucialTec, a Korean maker of optical trackpads widely used in handsets for navigating menus. Optical trackpads detect the movement of the finger, helping mobile users more easily scroll through the information they need on their phones. CrucialTec is known as the pioneer in the technology, as its feats include developin

Industry May 5, 2011

Redrover quenches thirst for 3-D content

Redrover, a Korean brand of optical three-dimensional monitors, is carving out a big chunk of the global 3-D content market, armed with savvy technology and the right ideas. “Our 3-D content is hands-down the best solution out there thanks to a wide selection and sophisticated picture quality that’s bound to make 3-D vision a most pleasurable experience,” said Ha Hoe-jin, CEO of Redrover in an int

Industry May 5, 2011

Redrover quenches thirst for 3-D content

SK Group joins no-smoking drive

Yet another industrial giant has decided to join the growing number of companies to create a smoke-free working environment.On Wednesday, SK Group, a local energy and telecom giant, said it informed workers that it is to completely ban smoking from its headquarters starting next week. The ban will be effective from Monday in all 35 stories of the SK building in downtown Seoul, which serves as home

Industry May 4, 2011

Samsung chairman coming out of shell?

Samsung Electronics Chairman Lee Kun-hee on Tuesday met executives of Samsung financial affiliates to discuss management issues at the company’s headquarters in southern Seoul as a part of his regular visits to the Seocho head offices. Lee, who had previous not frequented the Seocho headquarters, recently began meeting executives at Samsung affiliates, starting with key aides such as Kim Soon-taek

Industry May 3, 2011

Korea International School goes digital with MacBooks

SEONGNAM Gyeonggi Province ― Korea International School has navigated uncharted waters by going digital to help students learn the necessary skills for college and the real world.“One to one education is using the computer to enhance to delivery of curriculum and allowing students the ability to differentiate, to learn at their own pace and own time,” said Tim Bray, a math teacher at the school wh

Industry May 3, 2011

Korea International School goes digital with MacBooks

LG starts 3-D StarCraft II league

LG Electronics on Sunday launched a special league tournament of “StarCraft II” in 3-D.The tournament to advertise the company’s 3-D panels started in Gwangju, and will move onto Incheon, Busan, Daegu and Daejeon, the electronics maker said.After the preliminary games, the final will be held in Seoul on May 18. LG Electronics said it will be installing its Cinema 3-D TVs in key points in all the c

Industry May 2, 2011

Aekyung chief donates W3b to KAIST

Aekyung Group Chairwoman Chang Young-shin donated 3 billion won ($2.8 million) to the Korea Advanced Institute of Science and Technology, the company said on Monday. “Based on the belief that natural science and engineering is the way to reviving national competitiveness, we give this donation with hope that KAIST will increase its efforts to help foster intelligent young minds who will guide the

Industry May 2, 2011

Industries for smaller players to be chosen

A semi-government committee on mutual growth said it will select in August the industries conglomerates would be discouraged from entering or expanding in to give their smaller counterparts more opportunities.At their meeting in Seoul, the members, led by former Prime Minister Chung Un-chan, said for now, they have confirmed the selection guidelines and will be choosing the industries based on how

Industry April 29, 2011

Samsung profit lowest in 7 quarters

World’s top memory chipmaker sees tough conditions in coming quarterSamsung Electronics Co. said Friday it logged 2.95 trillion won ($2.7 billion) in net profits for the first quarter of this year amid globally weak demand for flat panels and TVs sets. It is a 33 percent decline from the same period last year and it is the lowest operating profit in seven quarters.Its sales stood at 36.99 trillion

Industry April 29, 2011

Samsung’s Lee welcomes calls for more shareholding activity of funds

Samsung Electronics Chairman Lee Kun-hee on Thursday supported a presidential aide’s call for public funds to more actively exercise their rights as shareholders.The business tycoon said he was not only unperturbed by the remarks, but he “welcomes the idea of having shareholders publicly exercise their rights.”Lee was remarking on a speech given Tuesday by Kwak Seung-jun, head of the presidential

Industry April 28, 2011

LG Electronics back on track with smart appliances

LG Electronics this week posted an operating profit, signaling that the global electronics maker is getting back in the groove with well-paced strategies and cutting-edge technologies.LG Electronics, the world’s second-largest flat-screen television maker and third-largest handset maker, has been avidly making its way up in the smart device industry under the guidance of its CEO Koo Bon-joon to pr

Industry April 28, 2011

LG Electronics back on track with smart appliances

Chaebol seethe at Seoul’s control drive

The country’s corporate giants appeared to be inwardly seething over the latest remarks from a presidential aide who said public funds should play a bigger role in promoting corporate governance by more proactively exercising their shareholder rights.Samsung Electronics, which Kwak Seung-jun mentioned as one company that needs to see more of its shareholders taking control, refused to comment, say

April 27, 2011

Samsung to build green energy complex in reclaimed Saemangeum

Samsung Group, South Korea’s top conglomerate, will build green-energy industrial facilities from 2021 in a new town to be created on west coastal tidal flats, the Prime Minister’s Office (PMO) said Wednesday.Samsung signed a memorandum of understanding with the government to construct green-energy production facilities, a research institute and houses on a 11.5-square-kilometer plot in the Saeman

Industry April 27, 2011

Lee aide urges public funds to keep chaebol in check

A presidential aide Tuesday urged the national pension and other public funds to avidly exercise their shareholder rights in order to keep larger companies in check.“Public funds exercising their shareholder rights (in large companies) are the most effective way to keep the large companies and their power in check,” said Kwak Seung-jun, head of the Presidential Council for Future and Vision at a p

April 26, 2011

Articles by 김지현