The Korea Herald

Private lending market faces major overhaul

Nov 10, 2011

South Korean won notes are pictured in Seoul. (Bloomberg) Regulator moves to punish lenders for breaching rules on interest rates A major disruption is expected to hit the private lending market do...
Producer price growth sinks to 10-month low

Nov 10, 2011

South Korea’s producer prices grew at the slowest clip in 10 months in October as crude oil prices posted more modest gains, which helped offset the local currency’s depreciation to the dollar, the c...
Gold prices near 7-week high amid Italian woes

Nov 10, 2011

Gold prices on both the international and South Korean markets are expected to continue rising as renewed worries on the eurozone, sparked by Italy’s financial woes, prompt investors to scurry for sa...
Earnings

IndustryNov 10, 2011

NCsoft’s Q3 net dives 29% on weak overseas sales NCsoft Corp., a leading online game developer in South Korea, said Thursday its third-quarter income plunged 29 percent from a year earlier on lower ...
Hyundai rush on U.S. demand boosts airline

IndustryNov 10, 2011

Hyundai Motor Co.’s race to meet U.S. demand for Elantra and Sonata cars is helping South Korean air-cargo carriers withstand a global freight slump. Korean Air Lines Co., the nation’s biggest carri...
Money supply growth quickens in September

Nov 10, 2011

The growth of South Korea’s money supply picked up in September from the previous month as bank lending to companies expanded and the current account surplus widened, the central bank said Thursday. ...
Nation’s first renewable energy compound completed in Busan

Nov 10, 2011

The country’s first compound for testing and producing parts and technologies for renewable energy sources was completed on Thursday. Work on the complex in Buan County, North Jeolla Province, began...
Samsung donates ‘smart classroom’

IndustryNov 10, 2011

Students at Nohwa Elementary School on Wando, a remote island in South Jeolla Province, play with mobile devices provided by Samsung Electronics in a “smart classroom” on Thursday. (Samsung Electroni...
NEXON to join venture with China game firm

IndustryNov 10, 2011

Executives from NEXON and Perfect World Co. pose after announcing a plan to set up a joint venture on Thursday. (NEXON) BUSAN ― NEXON announced Thursday that it will set up a joint venture in Korea ...
In Myeong-dong, mobile phones replace credit cards

IndustryNov 10, 2011

Telecom operators, credit cards, KCC team up to provide mobile payment system The nation’s busiest shopping street in Myeong-dong has been designated as a trial zone for near field communication-bas...
Korea braces for winter power shortage

IndustryNov 10, 2011

The government on Thursday mapped out a set of measures to ensure stable electricity supply for this winter including mandatory usage cuts for large firms and maximum temperature limits for commercia...
Hyundai, Kia U.S. car sales to top 1m mark this year

TransportNov 10, 2011

U.S. sales of vehicles made by Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to surpass the 1 million mark for the first time this year, fueled by a surge in consumer demand, the ...
Savings banks seek state funds

Nov 10, 2011

Several banks hope to tap Financial Market Stabilization Fund A number of savings banks are seeking state help in securing additional capital, sources said Thursday. “Some of the savings banks have...
SKT makes bid for Hynix

Nov 10, 2011

SK Telecom submitted its application to take over Hynix Semiconductor, owned by creditors, as a sole bidder on Thursday. Credit Suisse, one of the co-sale brokers for the deal, received the bid to a...
G-Star launches with an array of mobile games

IndustryNov 10, 2011

BUSAN ― As the country’s largest game trade show G-Star launched on Thursday, it showcased games designed exclusively for smartphones, the most attention-grabbing trend for this year. Mobile game fi...