Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Samsung plans market launch of Galaxy S5 in February: report
Samsung Electronics will reportedly roll out two variants of the Galaxy S5 early next year, equipped with a 64-bit ARM chip.A premium Galaxy lineup will likely sport a 5-inch flexible OLED display and a metal chassis, while a stripped-down model will come in a plastic body, according to a news report.It is expected that the new models will run on the 64-bit Exynos chipset and a Qualcomm Snapdragon chip. The smartphones will be equipped with 3GB of RAM, a 16-megapixel camera, and a 4000mAh batter
TechnologyNov. 28, 2013
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SKT to launch faster LTE mobile network next year
SK Telecom, the country’s biggest mobile carrier in Korea, plans to launch a mobile service next year that provides faster connection speeds than the existing Long Term Evolution network. Holding a press meeting at the company’s office in Seongnam, Gyeonggi Province, Thursday, the telecommunications firm demonstrated the new network technology, which is three times faster than LTE. The mobile service, called “two-band LTE,” uses carrier aggregation technology, through which the firm aggregates
TechnologyNov. 28, 2013
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Hana Daetoo Securities pushes overseas ‘wrap’ accounts
Wrap accounts tailored for major global economies have become a viable investment strategy amid the prolonged trend of low interest rates, Hana Daetoo Securities said on Thursday.“We are positively surprised at the growing popularity of our wrap accounts for overseas stocks and the exchange traded funds,” said a spokesperson of Hana Daetoo, pointing to the United States, China and other countries that are expected to see steady growth in the medium and long term. Amid rising demand for overseas
Nov. 28, 2013
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Tax agency discloses habitual delinquents
The National Tax Service on Thursday publicized a list of habitual tax defaulters, who failed to pay or allegedly evaded taxes worth more than 500 million won ($471,180) for at least one year.On its homepage, the tax agency revealed personal or corporate information on 1,662 delinquent individuals and 936 businesses. The list features the name, age, job, address and records of the tax infractions.The average amount of taxes owed is 18.4 billion won per case. All together, this adds up to a total
Nov. 28, 2013
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Samsung SDI to supply energy storage systems to Indian firm
Samsung SDI said Thursday it had struck an exclusive deal to supply energy storage systems and related parts to a major Indian energy management equipment manufacturer. Under the deal, the Korean energy solution firm will supply 110 MWh energy storage systems to ACME for the next two years. The Indian firm, which specializes in energy management products for photovoltaic power generators and telecommunications equipment, is one of the largest companies in the Indian market.Samsung SDI’s lithium-
TechnologyNov. 28, 2013
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KCCI aims at zero defects with quality management
A project to reduce the number of faulty products initiated by the Korea Chamber of Commerce & Industry and the Small and Medium Business Administration is drawing favorable responses from companies as it improves their quality competitiveness and enhances their credibility at home and abroad. The “Single PPM” project has run for the last 19 years in a bid to reduce the number of defective products to less than 10 per 1 million products, and to ultimately aim for zero defects, the KCCI said. The
IndustryNov. 28, 2013
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[Power Korea] SPC Group bakes formula for success
The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 18th part of the Global Brand series. ― Ed.“I’ll do my utmost to help Korea earn a reputation as ‘the mecca’ for bread a
IndustryNov. 28, 2013
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Space hosts busy Thanksgiving events
WASHINGTON (AP) ― Space will serve up a banquet of activities on Thanksgiving, featuring a comet kissing the sun, a zero-gravity freeze-dried feast in orbit and a rocket launch attempt:First course Comet ISON, which was discovered a year ago, is making its first spin around the sun and will come the closest to the super-hot solar surface at 1:37 p.m. EST. It may take a few hours before astronomers know if the comet survived its brush with the sun. If it survives, and maybe even if it doesn’t, pe
TechnologyNov. 28, 2013
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Tongue piercing lets paralyzed drive wheelchairs
WASHINGTON (AP) ― An experimental device is letting paralyzed people drive wheelchairs simply by flicking their tongue in the right direction.Key to this wireless system: Users get their tongue pierced with a magnetic stud that resembles jewelry and acts like a joystick, in hopes of offering them more mobility and independence.Researchers reported Wednesday that 11 people paralyzed from the neck down rapidly learned to use the tongue device to pilot their wheelchairs through an obstacle course f
TechnologyNov. 28, 2013
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LSIS eager for shared growth with small firms
LS Industrial Systems Co. aims to create a synergy effect between itself and smaller companies by establishing strong business partnerships, the company announced.By forming and managing the “ACE Club,” the company’s systematic structure for providing management know-how to selective business partners, LSIS has helped numerous small- and medium-sized enterprises gain a competitive edge since 2008.LSIS helps its partners build an infrastructure that promotes skilled employees, the formation of a
Nov. 28, 2013
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Samsung Electronics may use 64-bit ARM chip
Samsung Electronics will reportedly roll out two variants of the Galaxy S5 early next year, equipped with a 64-bit ARM chip.A premium Galaxy lineup will likely sport a 5-inch flexible OLED display and a metal chassis, while a stripped-down model will come in a plastic body, according to a news report.It is expected that the new models will run on the 64-bit Exynos chipset and a Qualcomm Snapdragon chip. The smartphones will be equipped with 3 GB of RAM, a 16-megapixel camera, and a 4000mAh batt
TechnologyNov. 28, 2013
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Smoking ban hurts restaurant business: survey
Six in 10 restaurants in South Korea suffered a decline in their revenues after an indoor smoking ban was imposed nationwide in July, a survey showed Thursday. According to the survey of restaurant owners, nearly 59.3 percent of respondents said their revenues had fallen as a result of the new smoking regulations and the average reported fall in revenues was 17.6 percent. The smoking ban went into effect on July 1, affecting certain restaurants based on their size. But all restaurants will be sm
Nov. 28, 2013
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Seoul shares up 0.84 pct on tech gains
South Korean stocks inched up 0.84 percent on Thursday as tech shares gained ground on expectations that U.S. consumer spending may pick up near the year-end, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) gained 16.96 points to 2,045.77. Trading volume was moderate at 270.4 million shares worth 3.99 trillion won (US$3.76 billion) with gainers outpacing losers 518 to 299."Foreign capital flew into the local share market, led
Nov. 28, 2013
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Seoul shares up 0.63 pct in late-morning trade
South Korean stocks traded 0.63 percent higher late Thursday morning, due mainly to gains in technology firms and mobile carriers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) added 12.73 points to 2,041.54 as of 11:20 a.m.Tech shares continued to trade higher, with No. 1 Samsung Electronics rising 1.36 percent and flat panel maker LG Display climbing 2.73 percent. Leading chipmaker SK hynix moved up 1.59 percent.Mobile carriers also gathered ground, with SK Telecom addi
Nov. 28, 2013
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Korean investments in overseas securities hit 5-year high in Q3
South Korean institutions' investments in foreign securities rose to the highest level in five years in the third quarter as stock markets rose globally, the central bank said Thursday.The value of foreign securities held by institutional investors totaled US$70.47 billion as of end-September, up 5.3 percent from three months earlier, according to the Bank of Korea (BOK).It marked the largest tally since the third quarter of 2009 when such investments in overseas securities hit $72.1 billion, th
Nov. 28, 2013
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S. Korea's current account surplus hits record high in Oct.
South Korea's current account surplus hit a record high in October on the back of brisk exports of cars, chips and tech products, the central bank said Thursday.The current account surplus reached US$9.51 billion in October, up from a revised $6.54 billion in the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.The October data marked the highest level since January 1980 when the BOK began to compile related data.Korea posted
Nov. 28, 2013
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Seoul shares open higher on improved U.S. data
South Korean stocks began higher Thursday on the back of optimistic economic data from the United States, analyst said.The benchmark Korea Composite Stock Price Index (KOSPI) gained 9.19 points, or 0.45 percent, to 2,038.00 in the first 15 minutes of trading.Tech shares led the market gain, with Samsung Electronics adding 1.02 percent and its smaller local rival LG Electronics advancing 1.05 percent. Top chipmaker SK hynix climbed 0.87 percent.Builders also traded bullish, with Hyundai Engineeri
Nov. 28, 2013
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International school quotas for Korean students may rise
The government is seeking to raise the admissions cap for local students in international schools in free economic zones, officials said Wednesday.The move is in line with its efforts to attract a wider spectrum of students and resolve persistent financial difficulties facing international schools in Korea.The Ministry of Education is to hold an open forum this week on ways to reform the current regulations on education, medical services and manufacturing industries, and then deliver the results
Nov. 27, 2013
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Banks allowed to acquire foreign financial groups
The government plans to allow local commercial banks to take over financial groups in foreign countries to boost their global competitiveness in the face of the saturated domestic market.The state-led project for encouraging the active expansion of domestic banks into foreign markets has been included in the policy agenda for development of the financial industry, unveiled by the Financial Services Commission on Wednesday.The authorities have decided to lift a ban on the acquisition by domestic
Nov. 27, 2013
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[Newsmaker] Scandals plunge Kookmin Bank into crisis
KB Kookmin Bank, the nation’s second-largest lender, is facing what some financial market analysts said is the biggest crisis ever since its foundation in 1963 for its alleged involvement in a widening financial corruption scandal.Seoul prosecutors launched an investigation on Wednesday into the bank on suspicions of its employees’ involvement in illegal loans and embezzlement of customers’ deposit money, and raising slush funds.Later in the day, bank CEO Lee Kun-ho apologized to the public for
Nov. 27, 2013