The Korea Herald

Yeosu Expo organizers hold successful dress rehearsal

YEOSU -- Organizers for the 2012 Yeosu Expo said Saturday that they have successfully carried out a full-fledged dress rehearsal to check overall preparations for the international event.The three-month-long exposition that will officially open on May 12 is expected to attract visitors from all over the world, and highlight efforts being made to combat the challenges of climate change and its impa

Latest News May 5, 2012

LG Electronics unveils new LTE smartphone

LG Electronics Inc., the world's No. 3 handset maker, unveiled on Saturday a new Optimus smartphone running on the fourth-generation long-term evolution (LTE) network.LG Electronics said that the Optimus LTE 2 has 5 gigabytes of random access memory, the largest among smartphones sold in South Korea.The company said the RAM on the smartphone is twice as powerful as those found in many tablet PCs a

Latest News May 5, 2012

S. Korean inspectors fail to visit site of latest U.S. BSE case

FRESNO, California (Yonhap) -- South Korean inspectors sent to the United States to check the safety of beef failed to visit a cattle farm in central California that reported the latest case of bovine spongiform encephalopathy (BSE), an official source said Friday. Joo E-suk, head of the inspection team, said indirect contact was made with the owner of the farm through a veterinarian.He did not el

Latest News May 5, 2012

London reelects Boris Johnson as mayor

LONDON (AP) -- London's comic and outspoken mayor Boris Johnson won reelection Friday, triumphing in a closer-than-expected vote to secure a second term and his status as the unvarnished and unpredictable host of the 2012 Olympics.Johnson's victory, in election results confirmed late Friday, was a bright spot on a rough day for his colleagues in Prime Minister David Cameron's governing Conservativ

Latest News May 5, 2012

Sony CEO wields axe, sets turnaround targets

TOKYO (Reuters) – Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in 8 years.The Sony veteran, in his first public briefing as CEO, also targeted new business in medical equipment and electric car batteries, and set a target f

World Business April 12, 2012

As sales soar, experts warn about energy drinks

Technology Jan. 1, 2012

Choco-Pie building ‘Pie Road’

This is the first installment in a series that spotlights Korean products enjoyed by people abroad. ― Ed. Choco-Pie, the flagship brand of local snack maker Orion Corp., is often called a “little giant” here.It is a small round chocolate pie with a marshmallow center, which is 7 centimeters in diameter and weighs about 35 grams.Since 1974, the Choco-Pie has been enjoyed by every age group of Korea

Industry July 31, 2011

Chaebol slow to promote reform of ownership

Heads of family-run conglomerates continue to control empires with little stakesOwners of Korea’s leading family-run conglomerates, or chaebol, are still opting to employ circular intra-group shareholding practices to run a large number of affiliates with little or no stake ownership, the state-run antitrust regulator said Thursday.According to the Fair Trade Commission, each chairperson of the c

Industry July 28, 2011

Starbucks to introduce instant coffee

Starbucks Korea is considering launching its instant coffee mixes here soon, the president said Wednesday marking the 12th anniversary of the Seattle-based company’s Korean business.“The instant coffee brand, which was launched last year in Japan following the U.S., Canada, and the U.K., would be introduced to Korean consumers,” Lee Suk-koo, the head of Starbucks Korea, said in a press conference

Industry July 27, 2011

Sulwhasoo targets Chinese women

Amore Pacific, Korea’ top cosmetics maker, is now targeting the fast-growing Chinese market, devising a premium positioning strategy with its high-end herbal medicine cosmetics brand Sulwhasoo.After successfully entering the markets in Hong Kong in 2004 and the U.S. in 2010, the brand Sulwhasoo made its Chinese debut this year. An advertisement for Sulwhasoo at Shin Kong Palace, a Beijing departm

Industry July 27, 2011

Amore Pacific creates beauty with herbal medicine

Premium brand Sulwhasoo realizes 66 years of research effortsAmore Pacific, Korea’s top beauty company, officially launched its high-end herbal medicine cosmetics brand Sulwhasoo in Beijing on June 22. With about 100 journalists and industry people in China and Hong Kong in attendance, CEO and president Suh Kyung-bae expressed strong confidence about the brand’s success in Asia as well as in China

Industry July 27, 2011

Amore Pacific creates beauty with herbal medicine

STX fined for cutting payments to contractor

STX Offshore and Shipbuilding Co. will face punitive measures for unfairly reducing subcontracting fees to a service provider, a state-run antitrust regulator said Monday. The nation’s leading shipbuilder, based in Changwon, South Gyeongsang Province, had signed a contract with a subcontractor, identified by its initial H, since 2008 for the work of putting vessels together to be moved.For six mon

Industry July 25, 2011

Milk shortage continues due to heat wave

On Thursday afternoon, Jeong Hyun-sook, a 55-year-old housewife, belatedly realized she did not have enough milk for breakfast. She rushed to a nearby supermarket but all she could find was organic milk, which was almost twice the price of ordinary milk. “A clerk said that the milk shelf often becomes empty earlier than usual recently. I was just stunned,” she said.Jeong eventually bought two 200-

Industry July 22, 2011

Milk shortage continues due to heat wave

Amore in talks to buy French perfume brand

Amore Pacific Corp. is considering acquiring a French luxury perfume brand, Annick Goutal, in the hope of diversifying its global portfolio, company officials said Thursday. Amore Pacific CEOSuh Kyung-baeThe nation’s largest cosmetics manufacturer, however, made it clear that nothing had been decided regarding the potential takeover. “The possible takeover will pave the way for us to go global i

Industry July 21, 2011

First Korean CEO hopes Siemens gets closer to local customers

Siemens Korea will become a “true Korean company” that contributes to the country’s economic growth and job creation, its new and first Korean chief executive said Thursday. “I’m the first Korean CEO in the 60-year-old history of Siemens Korea. The headquarters may have thought a native would know better about the local market and respond faster to it,” Kim Jong-kap, chairman and CEO of Siemens K

Industry July 21, 2011

First Korean CEO hopes Siemens gets closer to local customers

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