The Korea Herald

S. Korea's trade surplus narrows sharply in Jan.

Feb 1, 2011

South Korea's trade surplus narrowed sharply in January from the previous month as soaring crude and commodity costs overshadowed record exports, a government report showed Tuesday. The country's su...
S. Korea's consumer prices surge 4.1 pct in Jan.

Feb 1, 2011

South Korea's consumer prices spiked in January mainly due to a rise in agricultural and energy-related product costs, adding to concerns that mounting inflationary pressure could undercut the nation...
Korean investors in Egypt begin exodus

IndustryJan 31, 2011

Korean businesses and investors in Egypt are facing inevitable damage to their operations due to increasingly violent protests there, with many of them forced to stay indoors or have their family mem...
NPS plans to use W300b more to buy bad debts

IndustryJan 31, 2011

Korea’s national pension fund plans to spend 300 billion won ($267.3 million) down the road in order to take over bad debts from distressed commercial banks, the fund’s top manager said Monday. “The...
LG Uplus back to loss in Q4 on costs

IndustryJan 31, 2011

Korea’s smallest mobile carrier, LG Uplus Corp. said Monday that it swung into the red in the fourth quarter of 2010 from one year ago, hurt by depreciation costs. Net loss stood at 49.2 billion won...
Chip exports may reach $52.5b in 2011

IndustryJan 31, 2011

Korea’s computer chip exports are expected to reach $52.5 billion in 2011, fueled by greater overseas demand for system semiconductors, the government said Monday. The total represents a growth of 3...
China seeks maximum fine for Carrefour

IndustryJan 31, 2011

SHANGHAI (AFP) ― China price regulators are seeking to fine French retail giant Carrefour 2.5 million yuan ($380,000) ― the maximum fine for overcharging customers, state media reported Sunday. Muni...
Korean Air faces price-fixing probe

Jan 31, 2011

The antitrust regulator is investigating Korean Air and Mongolian Airlines for possible price fixing for their services between Incheon and Ulaanbaatar, sources said Wednesday. Since October, the Fa...
20 conglomerates face fines for abuse of suppliers, contractors

Jan 31, 2011

About 20 large businesses will face hefty fines for mistreating their suppliers over the next six months, Fair Trade Commission Chairman Kim Dong-soo said. The antitrust regulator has been conductin...
Korea looks to investment from emerging countries

Jan 31, 2011

The government is looking to China and other cash-rich emerging countries to invest in Korea’s fast-growing energy, technology and service sectors. The Ministry of Knowledge Economy said Monday that...
Industrial output grows 9.8% in Dec.

Jan 31, 2011

Data shows recovery on track, adds pressure for rate increase Korea’s industrial output grew for the 18th straight month in December, suggesting the economic recovery remains on track and adding to ...
Wrap accounts may double

Jan 31, 2011

Individually tailored equity portfolios may double in Korea this year as investors shift cash from index-tracking mutual funds, advisory firm Korea Creative Investment said. Brokerages sold $1.2 bil...
KEPCO narrows loss on higher prices, won

IndustryJan 31, 2011

Korea Electric Power Corp., the country’s biggest electricity producer, posted a narrower fourth-quarter loss after the government allowed power prices to increase for the first time in more than a y...
S-Oil assists scientific research

IndustryJan 31, 2011

S-Oil Corp., Korea’s third-largest oil refiner, established a scholarship foundation Monday to support science studies and research, the firm said. The S-Oil Science Prodigy and Culture Foundation w...
Hyundai Heavy delivers a record 1,700th ship

IndustryJan 31, 2011

Hyundai Heavy Industries Co. has delivered its 1,700th vessel, becoming the world’s first shipyard to pass the milestone figure, the firm announced Monday. The shipyard’s 1,700th vessel, a car carri...