(Speaker Park Hee-tae (upper left) presides over the plenary session for the vote on the Korea-EU free trade agreement in the National Assembly on Wednesday. Yang Dong-chul/The Korea Herald)U.S. says images would inflame anti-U.S. sentiment, incite violenceThe free trade agreement with the European Union, ratified by South Korea’s National Assembly on Wednesday after months of rickety proceedings,

Industry May 5, 2011

The value of the country’s automobile imports may exceed 10 percent of the value of exports for the first time this year.According to industry data, the value of automobiles imported into the country during the first quarter of the year came in at $1.15 billion while that of exports was tallied at $9.37 billion. The figures include passenger cars, buses and commercial vehicles.At the current rate,

Industry May 4, 2011

STX Group is to set up internship programs for Saudi Arabian students, the conglomerate announced Wednesday.The group, the country’s 12th largest business group, signed a memorandum of understanding regarding the issue with the Saudi Arabian Culture Mission to Korea at the group’s office in Seoul.Under the agreement, the group will offer internship programs at its subsidiaries including STX Offsho

Industry May 4, 2011

Hanwha Group will follow the principles of “challenge, dedication and integrity” as it seeks to innovate its operations in its drive to become a global player, the company announced Tuesday.Excluding state-run companies, Hanwha Group is the country’s 10th largest conglomerate. Hanwha Group chairman Kim Seung-youn (left) shakes hands with a representative of Hanwha employees at the ceremony declari

Industry May 3, 2011

The Hana Tour International Travel Show will be held at the KINTEX exhibition center in Goyang, Gyeonggi Province from May 20 to 22.The show, organized by the country’s top travel agency Hana Tour Services Inc., will have booths displaying travel options by region and theme, the company said. Visitors browse last year’s Hana Tour International Travel Show at KINTEX in Goyang, Gyeonggi Province. (H

Industry May 3, 2011

DALIAN, China ― On Friday, STX Group announced the “Vision 2020” at its shipyard in Dalian, China at an event celebrating the group’s 10th anniversary. The group hopes to become one of South Korea’s seven largest conglomerates with combined sales of 120 trillion won ($112 billion) by 2020.STX Group Kang Duk-soo, however, says that he has his eyes set on the global market. STX Group chairman Kang D

Industry May 1, 2011

Hyundai Motor Group’s two carmakers Hyundai Motor Co. and Kia Motors Corp. are receiving orders for their first gasoline-hybrid electric vehicles from Monday.While the carmakers had introduced hybrid electric vehicles based on the compact cars Avante and Forte with liquefied natural gas-electric powertrain, the hybrid Sonata and K5 are their first gasoline-electric hybrids.The vehicles are fitted

Industry May 1, 2011

The German high-performance specialist Porsche will be introducing the 911 GT3 RS 4.0. Limited to 600 vehicles, the 911 GT3 RS 4.0 is fitted with a six-cylinder, 4-liter engine capable of putting out 500-brake horsepower.  911 GT3 RS 4.0The 911 GT3 RS 4.0, fitted with a six-speed sports transmission, can reach 100 kilometers per hour in 3.9 seconds and double its speed in under 12 seconds. The veh

Mobility May 1, 2011

Bentley Korea launched the new Continental GT on the local market on Wednesday. The new Continental GT is fitted with a 6-liter twin turbo engine that puts out 575-brake horsepower, 15-brake horsepower more than the engine used in the previous version. The new Bentley Continental GTThe new Bentley’s speed tops out at 318 kilometers per hour, and requires 4.6 seconds to reach 100 kilometers per hou

Mobility May 1, 2011

Honda Korea is holding a sales campaign for small motorcycles until the end of May.During the period, the company is offering two coupons for free checkup services on all Honda motorcycles with engine displacements of 125 cubic centimeters or less. Models eligible for the promotion include the scooters PCX and SCR110, and the CBR125R sports motorcycle. Honda PCXThe coupons also cover free engine o

Mobility May 1, 2011