The Korea Herald

KOSPI hits new high on foreign buying

South Korean stocks rose on the seventh-straight day to set a new record of 2,121.01 points on Friday, buoyed mainly by foreign buying. The benchmark KOSPI jumped 14.31 points or 0.68 percent from the previous day to break the previous record it set in January when the KOSPI closed at 2,115.69. Trading volume was moderate at 328.2 million shares worth 7.12 trillion won ($6.5 billion), with gainers

April 1, 2011

Microsoft, LG promote Kinect on 3-D TV

Korean game-lovers will have a chance to experience Kinect on 3-D television at experience zones and Kinect tournaments operated as a joint effort between Microsoft Korea and LG Electronics, Microsoft said this week. Kinect is new game device launched by Microsoft last year that requires no controllers, as an embedded sensor picks up the movements of the players. Customers also can buy special Kin

Industry April 1, 2011

Panel-makers shifting to cell-type panels

Samsung Electronics, the world’s No. 1 television-maker, is expected to be among the global TV manufacturers forced to sell more cell-type LCD panels due to increasing demands from set-makers who are worried about hostile TV market conditions. “Cell-type panels are soon going to be a substantial trend as more and more set-makers want to reduce costs in the face of the far-from-friendly market cond

Industry March 31, 2011

Panel-makers shifting to cell-type panels

Hynix doles out first cash dividend

World’s No. 2 computer memory-chip supplier sanguine on global marketICHEON, Gyeonggi ― Hynix Semiconductor on Wednesday said it will be doling out cash dividends for the first time this year and expected more to come on the back of rosier forecasts for the memory chip market.“We expect the demand for memory chips to continue rising and as long as we continue to see profit exceeding our objectives

Industry March 30, 2011

LG Group leads campaigns to support suppliers

Chairman Koo urges affiliates to help achieve ‘shared growth’ with smaller partnersLG Group is leading the corporate sector’s campaign to buttress the competitiveness of smaller vendors and firms to help achieve a level playing field for all parties. The group’s chairman Koo Bon-moo this year proclaimed that LG would stand at the forefront of supporting mutually beneficial growth with its partner

Industry March 30, 2011

LG Group leads campaigns to support suppliers

SK Telecom, Samsung at war over phone bills

Telecom industry giant and world’s No. 2 phonemaker struggling to shirk blame for high call feesSK Telecom and Samsung Electronics, known for their airtight alliance on phone marketing and sales, are showing signs of a major rift with both parties attempting to shift blame for spiking call fees, according to industry watchers. On the government’s mounting demands on telecom companies to slash the

Industry March 29, 2011

Samsung, Sumitomo Chemical to align on key LED component

Samsung LED Co. on Monday said that it has agreed with Japan’s Sumitomo Chemical Co. to form a joint venture to produce sapphire wafers that are necessary components of light-emitting diode, a semiconductor light source.The LED manufacturer said the 50-50 venture will be capitalized at 80 billion won ($72 million), with production of sapphire ingots and wafers scheduled to begin early next year.Th

Industry March 28, 2011

Sony Ericsson smartphone to debut in Korea in April

Sony Ericsson on Monday said it will be releasing its new smartphone, “Xperia Arc” in South Korea next month through SK Telecom. South Korea will be the second nation to see the launch of Xperia Arc, following the firm’s home turf of Japan.“We want Xperia Arc to be known not only for its design, but as a phone defining new smartphone standards,” said Han Youn-hee, head of the firm’s South Korean m

Industry March 28, 2011

Seoul marks first anniversary of deadly naval ship sinking

Citizens are praying for South Korean sailors who were killed in the sinking of the Cheonan on March 26 of last year. (Yonhap News)South Koreans marked the first anniversary of the deadly sinking of a navy ship on Saturday with a memorial ceremony in Daejeon, south of Seoul, attended by thousands of government and military leaders and citizens.Forty-six South Korean sailors were killed in the sink

Defense March 27, 2011

Seoul marks first anniversary of deadly naval ship sinking

Another S. Korean confirmed dead in Japanese quake

Another South Korean national has been confirmed dead from the massive Japanese earthquake and tsunami, the South Korean foreign ministry said on Saturday. The recent finding brought to four the number of South Korean citizens killed in the disaster. "Police headquarters of Japan's Miyagi Prefecture notified the South Korean Consulate General in Sendai that an 86-year-old South Korean woman

Social Affairs March 26, 2011

Spy chief face allegations of breaching ethics code

Won Sei-hoon, chief of the National Intelligence Service faced allegations that he may have violated related ethics codes by holding more than 400 million ($358,000) worth of stocks. According to Friday's data on the assets of government officials, Won and his wife had 2,430 shares of Hanatour shares and over 4,000 shares of Daewoo Securities issues. They also had 13 shares in G&ST, a manufacturi

Politics March 26, 2011

Seoul shares to rise, but Libya, Europe woes may limit gains

South Korean stocks are forecast to trend higher next week, shrugging off concerns of Japan's March 11 earthquake, but other external uncertainties such as the Libyan unrest and Europe's debt risks may trim gains, analysts said Saturday. Despite the ongoing aftermath of Japan's earthquake, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,054.04 on Friday, up 72.91 points, or 3

March 26, 2011

LG Electronics expanding 3-D TV alliance

Sharp of Japan latest foreign firm LG is seeking new technology partnership withLG Electronics is bit by bit winning partners from its biggest rival Samsung in a bid to gently, but firmly, nudge the entire television industry to go the “LG Way.”The “LG Way,” in terms of 3-D TVs, happens to be LG’s new technology that involves, to put it simply, placing a sheet of special film on TV panels to reali

Industry March 25, 2011

LG Electronics expanding 3-D TV alliance

One in seven suffered hacking: survey

One out of every seven in the Korean online community experienced hacking last year, while one out of six said their personal information was exposed online without their consent, according to government figures on Thursday.In the corporate sector, one out of eight companies said their websites were disturbed or hacked, the Korea Communication Commission said, citing a survey it conducted on indiv

Industry March 24, 2011

Is the owner always right for LG?

New technology and teamwork expected to revive LGEIt was with a sense of grim determination that Koo Bon-joon took the helm of LG Electronics last year, tasked with the daunting mission of reviving the former glory days of the floundering electronics-maker.Koo, as a member of LG’s owner family, was under close scrutiny from market watchers who were naturally suspicious of just how much of a better

Industry March 22, 2011

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