The Korea Herald

FSC chairman dodges issue on Lone Star Funds

May 15, 2011

Kim should have ordered U.S. fund to sell shares, watchdog official says Kim Seok-dong, the nation’s chief financial regulator, has once again come under public scrutiny for his allegedly irresponsi...
Hyundai joins Denmark’s green car campaign

TransportMay 15, 2011

Hyundai Motor Co., South Korea’s largest automaker, said Friday it has agreed to join Denmark’s efforts to promote clean energy cars in a move to tap the fast growing market for green vehicles in Eur...
Samsung narrows gap with Intel

IndustryMay 15, 2011

Samsung Electronics Co., the world’s largest maker of computer memory chips and the second-biggest semiconductor company, reduced its gap with industry leader Intel Corp. in 2010, according to an ind...
SK Innovation airs ads on global warming

IndustryMay 15, 2011

SK Innovation Co., one of the nation’s leading energy companies, has launched a TV commercial highlighting the risks global warming poses. Emphasizing the plight polar bears face due to global warmi...
Hynix wins appeal against Rambus

IndustryMay 15, 2011

Hynix Semiconductor, the world’s No.2 memory-chip maker, won a patent infringement appeal against Rambus Inc., a U.S.-based technology licensing firm, the South Korean company said Saturday. If the ...
Groupon Korea’s marketing tactics called into question

IndustryMay 15, 2011

The Korean branch of U.S.-based global social commerce powerhouse Groupon is facing growing criticism after it posted wrong information about displayed items and even sold products that it had not se...
FSS top brass to face annual screening

May 15, 2011

High-ranking officials of the Financial Supervisory Service will likely be subject to a tougher code of conduct and may face dismissal if they fail to meet annual internal assessments, officials said...
Shinsegae finalizes deal to buy Kim‘s Club Mart

IndustryMay 15, 2011

Shinsegae Co., South Korea’s second-largest retailer by sales, said Friday that it has finalized a deal to acquire Kim’s Club Mart Co., the supermarket chain operator of leading local fashion retaile...
Trade surplus continues for 15th month in April

IndustryMay 15, 2011

South Korea logged a trade surplus in April for the 15th straight month, fueled by exports of petroleum products, ships and vehicles, the nation’s customs office said Sunday. The trade surplus reach...
‘I’M YOU’ services a success for KIS

IndustryMay 15, 2011

Korea Investment & Securities is successfully operating its one-stop asset management solution designed to help clients make investment choices that best reflects stock market trends, the company sai...
KCC reviews Apple, Google response

BusinessMay 15, 2011

IT powerhouses await government measures on privacy breach accusations Privacy breach accusations against Google and Apple are expected to take a new turn this week following their recent responses ...
Samsung unveils new tech to get Apple

IndustryMay 15, 2011

Samsung Electronics, despite its current legal squabble with Apple Inc., will out roll out so-called “Retina Displays” to secure demand from the California-based company and win a bigger share in the...
Audi’s workforce to grow 17 percent by 2020

TransportMay 15, 2011

Volkswagen AG’s Audi luxury-car brand will increase its workforce by 17 percent through 2020 as the manufacturer expands production beyond Germany to meet growing demand in markets such as China and ...
Hyundai Motor plans 1,000 rural outlets in India

TransportMay 15, 2011

Hyundai Motor may build a network of as many as 1,000 rural outlets and introduce a cheaper small car after losing market share to Ford Motor Co. and Volkswagen AG. “We are looking strongly at these...
Kia prices Optima hybrid at $26,500

TransportMay 15, 2011

Kia Motors America announced that its first hybrid, the 2011 Optima Hybrid, will be priced at $26,500. The Optima Hybrid, with an expected rating of 35 miles per gallon in the city and 40 on the high...