The Korea Herald

Mini Cooper Coupe launched

TransportNov 8, 2011

German luxury carmaker BMW AG on Tuesday launched a coupe version of its popular Mini small-sized car to meet South Korean consumer demand for sporty vehicles, the company said. The Mini Cooper Coup...
Samsung drops development of active shutter 3-D TVs

IndustryNov 8, 2011

Samsung Electronics Co., the world’s top TV maker, said Tuesday that it has scrapped its plan to develop 3D TVs with RealD Inc. amid lingering uncertainties in the global TV market. A Samsung spokes...
BOK in dilemma over interest rate

Nov 8, 2011

Korea’s central bank board to decide key rate on Friday In recent months, the key debate concerning the interest rate policy of the Bank of Korea revolved around when it would raise benchmark rates....
Korea Post to slash banking fees

IndustryNov 8, 2011

Korea Post, the state-run postal service agency, said Tuesday it plans to abolish or sharply reduce fees for financial transactions at post offices nationwide. To be implemented later this month, th...
Game trade show G-Star 2011 kicks off Thursday

TechnologyNov 8, 2011

Metro Conflict Event draws big four local companies, 380 firms from 28 countries The country’s biggest international game trade show G-Star will kick off Thursday, featuring a wide array of arcade,...
Economy showing signs of weakness: ministry

Nov 8, 2011

The Korean economy is showing signs of weakness from the subdued outlook for global growth and uncertainties over the European debt crisis, the Finance Ministry said Tuesday. In its monthly economic...
Officials say Park’s FTA report misguided

Nov 8, 2011

Critics say that local government chief excessively intervened in foreign affairs The government on Tuesday rebuffed Seoul Mayor Park Won-soon’s concerns about the Korea-U.S. Free Trade Agreement, g...
Google to keep Android free

IndustryNov 8, 2011

Google chairman Eric Schmidt said Tuesday that the Internet giant’s purchase of Motorola Mobility would not affect partnerships with other handset makers, including Samsung Electronics. “We will run...
Seoul shares end 0.83% lower on eurozone concerns

Nov 8, 2011

South Korean stocks edged 0.83 percent down on Tuesday, as investors remained cautious over debt-ridden Italy’s situation, which could spill over into the entire region, analysts said. The local curr...
FSC challenged on Lone Star’s KEB sale

Nov 8, 2011

KEB union files injunction with Constitutional Court to ban regulator’s action Unionized workers of Korea Exchange Bank, owned by Lone Star, filed an injunction with the Constitutional Court on Tues...
KT, Cisco jump into global market for ‘smart spaces’

TechnologyNov 8, 2011

KT chairman Lee Suk-chae (center) and Cisco Systems CEO John Chambers gesture to shake hands through a telepresence in Seoul on Tuesday after signing an MOU on cooperation in smart technologies. (Par...
Regulator to lift short-selling ban on non-financial stocks

Nov 8, 2011

South Korea’s financial regulator on Tuesday said it will lift a three-month ban on short selling of non-financial stocks starting this week. “The ban on short selling of non-financial shares will b...
Department stores agree to lower commission fees

IndustryNov 8, 2011

The Fair Trade Commission said Tuesday it reached an agreement with the nation’s top three department stores to lower their commission fees by 3-7 percent immediately for almost half of their small- ...
Barnes & Noble takes on Amazon, Apple with tablet

TechnologyNov 8, 2011

US bookseller Barnes & Noble unveiled a tablet computer on Monday in a bid to take on Apple's iPad and an upcoming device from digital book-selling rival Amazon. The Nook Tablet will cost $249 -- $5...
Prosecutors raid SK affiliates over embezzlement allegations

IndustryNov 8, 2011

SEOUL, Nov. 8 (Yonhap) -- Prosecutors raided the offices of two affiliates of the South Korean conglomerate SK Group early Tuesday as part of an investigation into allegations that the founding famil...