The Korea Herald

Expo expects 100,000 visitors on first day

YEOSU, South Jeolla Province -- Visitors began to swarm in from 8 a.m. on the first day of Expo 2012 Yeosu on Saturday at the waterfront expo site in the southern coastal town. The Expo organizing committee expected about 100,000 visitors on the first day.The 93-day Expo’s first visitor was a 39-year-old Japanese man named Futakami Atsushi.“Mr. Futakami is a self-proclaimed Expo enthusiast who has

Social Affairs May 12, 2012

Expo expects 100,000 visitors on first day

Minor progressive party holds meeting to resolve elecion fraud standoff

South Korea's left-wing minor party opened a critical meeting Saturday to tackle a scandal and internal feud triggered by allegations of wide-scale election fraud in the selection of proportional candidates in last month's parliamentary race.The central committee, the highest decision-making body in the Unified Progressive Party (UPP), has been tasked with handling critical issues like demands by

Politics May 12, 2012

U.S. lawmakers push for tactical nukes in S. Korea

WASHINGTON (Yonhap News) – A U.S. congressional committee is pressuring the Obama administration to redeploy tactical nuclear weapons on the Korean Peninsula.The House Armed Services Committee, dominated by Republicans, approved an amendment to the fiscal 2013 national defense authorization bill Thursday that calls for the re-introduction of the sensitive weapons to South Korea, according to Forei

International May 12, 2012

S. Korea to keep tightened quaratine checks on U.S. beef

South Korea will maintain its tightened quarantine inspections regime on U.S. beef but take no steps to halt imports despite the recent discovery of a mad cow case in the United States, the farm ministry said Friday.The Ministry for Food, Agriculture, Forestry and Fisheries said a nine-person inspection team that checked various cattle and meat packing facilities in the United States concluded the

Industry May 11, 2012

S. Korea to keep tightened quaratine checks on U.S. beef

Lee meets with Danish crown prince couple

South Korean President Lee Myung-bak hosted a luncheon for Denmark's crown prince couple Friday and the two sides discussed bilateral relations and other issues of mutual interest, the presidential office said.Crown Prince Frederik and Crown Princess Mary arrived Thursday for a six-day official visit that includes attending an international conference on green growth, the opening ceremony of the W

International May 11, 2012

Mubarak pledge to step down dismissed as too slow

International Jan. 1, 2012

India approves $12 bln POSCO steel mill

Industry Jan. 1, 2012

Firms roll up sleeves to help victims of devastating rains

Korea’s business community is coming forward to help those affected by the heavy rains that wreaked havoc across the country this week.On Friday, some of the country’s largest conglomerates said they would provide money, goods and repair services for those affected by the rains. Chung Eui-sun (left), vice chairman of Hyundai Motor Group, poses with Han Joong-gwang, chairman of Korea Disaster Relie

Industry July 29, 2011

Firms roll up sleeves to help victims of devastating rains

Asiana cargo flight crashes off Jeju coast

An Asiana Airlines cargo flight bound for Shanghai Pudong International Airport crashed off the coast of Jeju early Thursday while diverting to the island due to a fire in the cargo hold.“The cargo plane said in its last communication with the control center in Shanghai that there was a fire in the cargo hold,” Kim Han-young, Director General of Ministry of Land, Transport and Maritime Affairs’ Of

Industry July 28, 2011

Asiana cargo flight crashes off Jeju coast

Hyundai Steel posts record quarterly figures

Hyundai Steel said Thursday its earnings hit new highs in the April-June period, breaking the previous record set in the first three months of this year.The company posted sales of 4.05 trillion won ($3.8 billion) for the second quarter. This is the first time Hyundai Steel has posted quarterly sales of more than 4 trillion won. In comparison to the same period last year, Hyundai Steel’s sales hav

Industry July 28, 2011

Hanwha to focus on solar, biosimilars

Hanwha Group, one of the nation’s top conglomerates, will focus its resources on solar power and biosimilar business over the remainder of the year, the group said Wednesday.According to the plans, the conglomerate will direct much of its investment budget for the period into polysilicon production facilities, expanding solar cell and module production lines, biosimilars and other new business are

Industry July 27, 2011

U.S. unlikely to pass Korea FTA in August: minister

The Korea-U.S. Free Trade Agreement is unlikely to be passed by the U.S. Congress in August, Korean Trade Minister Kim Jong-hoon said Monday.Kim said that the negotiations for raising the U.S. government debt-ceiling, and difficulties surrounding the process, have taken center stage making it unlikely that the trade pact with Korea will be processed within the next month. Korean Trade Minister Kim

July 26, 2011

U.S. unlikely to pass Korea FTA in August: minister

Hyundai Heavy to build plant in Brazil

Hyundai Heavy Industries on Tuesday signed an agreement with the state of Rio de Janeiro and the city of Itatiaia to set up a plant producing construction equipment in the Brazilian city.For the plant, the company will invest $150 million and the Brazilian government will provide support in building gas and water supply lines, and other infrastructure, Hyundai Heavy said.The company plans to compl

Industry July 26, 2011

Doosan Heavy sees 158% rise in Q2 net

Doosan Heavy Industries and Construction Co.’s second quarter sales came in at 1.48 trillion won ($1.4 billion), rising 21.17 percent from a year ago, the company posted in a regulatory filing on Monday.Over the same period, the company’s operating profits fell 11.68 percent to 144.5 billion won while its net profits soared 158.04 percent to come in at 158.3 billion won.Compared to the first quart

Industry July 25, 2011

Samsung to raise W100b for R&D support

Electronics giant signs with SMEs to finance innovative technologiesSamsung Electronics has pledged 100 billion won ($95 million) to support smaller companies’ research and development efforts.On Monday, the electronics giant signed an agreement with the Ministry of Knowledge Economy and members of a group of small and medium-sized enterprises launching a program for providing financial support fo

Industry July 25, 2011

Articles by 최희석