The Korea Herald

Online game industry looks overseas

TechnologyMay 24, 2011

Localization in foreign markets remains biggest challenge for global expansion Korea’s online game industry is increasing efforts to dive into overseas markets in a bid to seize bigger business oppo...
Apple faces iPad production loss of 500,000 after blast

IndustryMay 24, 2011

Apple Inc. may face a production loss of 500,000 iPad 2 tablets after the explosion at Foxconn Technology Group’s plant in Chengdu, China, according to research firm IHS ISuppli. The drop in manufac...
Shinsegae probed over sales of gift vouchers

IndustryMay 23, 2011

The Busan Metropolitan Police Agency on Monday said it is investigating Shinsegae Department Store on allegations that its employees illegally sold gift vouchers worth billions of won to ramp up sale...
Carmakers face output cut on parts firm strike

TransportMay 23, 2011

Police launched a probe Monday into an illegal strike by an auto parts manufacturer in Asan, South Chungcheong Province, which is prompting work suspension at plants of the nation’s major carmakers i...
LSIS begins works on electric car component plant

IndustryMay 23, 2011

LSIS Co., LS Group’s electric equipment maker, on Monday broke ground for an electric vehicle relay manufacturing plant. Electric vehicle relay is a core component of electric cars that relays elect...
STX Group launches in-house think tank

IndustryMay 23, 2011

STX Group launched the think tank STX Future Institute on Monday. The organization will be headed by the group’s vice chairman Shin Chul-seak. STX Future Institute will be tasked with leading effor...
‘Luxembourg offers own solution for every foreign investment’

May 23, 2011

Choosing a European country to invest in takes tremendous legwork and lawyers to comb through all the details. Luxembourg has entered the game in Korea by trying to attract foreign investment into t...
Anti-drunk driving campaign launched

IndustryMay 23, 2011

Pernod Ricard Korea, the local unit of the global beverages group, launched a campaign against drunk driving Monday in Seoul as part of the France-based company’s worldwide initiatives. The maker of...
No. 2 makers shake up drinks industry

IndustryMay 23, 2011

OB, Lotte Liquor make big gains on larger market rivals Hite, Jinro No. 2 brands of beer, soju and whisky are hot on the trail of front-runners in the Korean drinks market, industry data showed Tues...
‘Kids absorb 1.5 times the electro waves of adults’

May 23, 2011

Research showed Monday that a five-year-old takes in 1.5 times more electromagnetic waves than a 20-year-old. According to research conducted by a team at the Electronics and Telecommunications Rese...
Shares tumble 2.64 percent on foreign selling

May 23, 2011

Korean stocks plunged 2.64 percent on Monday as foreign investors unleashed holdings on falling risk appetite, analysts said. The local currency dipped against the U.S. dollar. The benchmark Korea C...
Bidding for 7 savings banks to begin today

May 23, 2011

Bidding competition for debt-saddled ailing savings banks in business suspension will be launched Tuesday, according to the Korea Deposit Insurance Corp. The state-run KDIC has decided to make a pub...
Rising utility bills, food costs fan inflation fears

May 23, 2011

The government is considering raising public utility prices in the coming months to correct the growing deficit by major public corporations plagued by rising raw material and production costs. Burd...
Internet bosses woo world leaders at ‘e-G8’

IndustryMay 23, 2011

PARIS (AFP) ― The world’s most powerful Internet and media barons gather in Paris on Tuesday in a show of strength to leaders at the G8 summit, amid international rows over online access, copyright a...
Korea’s consumer confidence slumps in Q1: report

May 23, 2011

South Korea’s consumer confidence index scored 51 in the first quarter of this year, marking the lowest since the first quarter of 2010, Nielson said Monday. The index figure appears to have been we...