The Korea Herald

Demand for smartphone DRAMs to spike

IndustryOct 12, 2011

Demand for dynamic random access memory devices for smartphones are expected to outdo the overall DRAM market and post a triple-digit annual growth this year, an industry report said Wednesday. DRAM...
Seoul to reduce rice production land

IndustryOct 12, 2011

South Korea will continue to reduce its farming area for rice next year, the agriculture minister said Wednesday, despite earlier forecasts the country’s rice harvest this year will fall to the lowes...
Conglomerates help SMEs enter overseas markets

IndustryOct 12, 2011

International expansion for SMEs emerges as new engine of shared growth Shared growth between large companies and small- and medium-sized enterprises is one of the current administration’s main econ...
Korea, EU agree on close cooperation

Oct 12, 2011

South Korea and the European Union agreed Wednesday to closely cooperate in economic policies amid uncertainties over the European debt crisis, Seoul’s Trade Ministry said. Both sides will also util...
Money supply accelerates, household loans slow: BOK

Oct 12, 2011

Korea’s money supply expanded at its fastest pace in five months in August and banks’ household loan growth slipped to an eight-month low in September, the Bank of Korea said on Wednesday. The data ...
FTC warns against fraud on social commerce sites

IndustryOct 12, 2011

The Fair Trade Commission on Wednesday warned consumers to take extra care when purchasing products through social commerce websites. Social commerce, through which consumers can enjoy discount deal...
ITU picks Busan for communications conference in 2014

Oct 12, 2011

The Korea Communications Commission announced Wednesday that the plenipotentiary conference of the International Telecommunication Union will be held in Busan in 2014. The meeting, which will be org...
Korea to allow foreign hospitals in free zones

Oct 12, 2011

The government will revise health and welfare regulations to enable foreign hospitals to set up operations in free economic zones, the Ministry of Knowledge Economy said Wednesday. The ministry said...
OECD: Korean economy in ‘slowdown’ phase

Oct 12, 2011

Major European economies see leading indicators slump on debt woes Korea’s economic conditions declined for three months in a row based on the composite leading indicator of the Organization for Eco...
Smart Korea shows off the nation’s IT progress, prowess

IndustryOct 12, 2011

Visitors look around the booths of participating companies at KINTEX in Goyang, Gyeonggi Province, on Wednesday. (Park Hae-mook/The Korea Herald) Smart Korea 2011 on Wednesday kicked off its four-da...
Kakao Talk to evolve into real-time service platform

IndustryOct 12, 2011

Company’s CEO determined to take lead in platform creation Kakao Talk said Wednesday that it will evolve into a real-time mobile messaging platform, moving a step further from being merely a free mo...
Kakao Talk unveils features to get instant messages from K-pop

CompaniesOct 12, 2011

SEOUL (Yonhap) -- Kakao Talk, South Korea's fastest-growing mobile messenger service, introduced new features on Wednesday that allow handset users to receive real-time messages from K-pop stars, com...
BlackBerry woes caused by 'core switch failure'

TechnologyOct 12, 2011

LONDON (AP) — Email and messaging glitches that have plagued BlackBerry users around the world for a second day were caused by a core switch failure, the smartphone's maker said Tuesday. Research in...
Gasoline cars sales up despite high fuel prices

IndustryOct 12, 2011

SEOUL, Oct. 12 (Yonhap) -- Sales of gasoline-powered cars in South Korea rose this year from the previous year despite high local fuel prices, an industry report showed Wednesday. The Korea Automobi...
S. Korea's jobless rate stands at 3 percent in Sept.

Oct 12, 2011

SEOUL, Oct. 12 (Yonhap) -- South Korea's jobless rate stayed unchanged in September from a month earlier but job growth was showing signs of slowing down after recent marked expansions, a report show...