The Korea Herald

Korea secures 1.7m barrels of overseas oil

IndustryMar 21, 2011

South Korea has inked two oil deals in the United States and Kazakhstan meant to boost the country’s energy security. The state-run Korea National Oil Corp. has bought a stake in an unconventional o...
South Korea, Peru sign free trade agreement

Mar 21, 2011

South Korea formally signed a free trade agreement with Peru on Monday which would broaden its access to the Latin American country’s vast natural resources and fast-growing consumer market. The pac...
KOGAS develops biggest LNG tank

IndustryMar 21, 2011

Korea’s state-run Korea Gas Corp. said Monday that it has developed a design technology for the world’s largest liquefied natural gas tank. The tank has a storage capacity of 270,000 kiloliters, up ...
Korean financial sector awaits 2nd ‘big bang’

Mar 21, 2011

With President Lee Myung-bak’s appointment of a new government financial regulator earlier this year, reform is once again a serious topic in Korea’s one-step-forward, two-steps-back financial servic...
Small firms urged to improve competitiveness

Mar 21, 2011

Small and medium enterprises must take the lead in promoting balanced growth between large companies and their subcontractors, the commerce minister said Monday. In a meeting with heads of smaller c...
Korea needs stronger won to tame inflation: experts

Mar 21, 2011

Korea needs to engineer the local currency’s ascent against the U.S. dollar rather than raise interest rates to contain inflation more effectively, experts said Monday. The government, however, rema...
[News Focus] FSC pressed to settle Lone Star issue

Mar 21, 2011

Regulator likely to face criticism whether or not it supports own decision The market is focusing on the issue of whether financial regulators will endorse Hana Financial Group’s plan to acquire Kor...
Hyundai Motor posts big sales gain in China

IndustryMar 21, 2011

Hyundai Motor Co., Korea’s largest automaker, saw a great boost to its sales in China last month, becoming the third best-selling brand in the world’s largest market for automobiles, company official...
Japan quake leads GM Korea to cut production

IndustryMar 21, 2011

The Korean unit of General Motors said Monday it would reduce production this week by up to 10 percent because of a possible lack of parts from Japan following the devastating earthquake. GM Korea ―...
Korean consumers set sights on local food

IndustryMar 21, 2011

Managers at Hansalim, Korea’s biggest cooperative of consumers, recently realized the depth of the food scare when they took a look at the surging number of their cooperative’s members. Established ...
POSCO breaks ground on China steel mill

IndustryMar 21, 2011

Plant in Guangdong to make steel sheets for cars in 2012 POSCO, the world’s fourth-largest steelmaker, said it begun work Monday on a new plant in China to produce galvanized steel sheets for cars. ...
LCD prices keep falling after Japan quake

IndustryMar 21, 2011

Prices of liquid crystal display panels have been falling since a devastating earthquake hit Japan earlier this month, industry data showed Monday, beating market forecasts that prices would trend hi...
Japan quake leads GM Korea to cut production

Mar 21, 2011

SEOUL (AFP) - The South Korean unit of General Motors said Monday it would reduce production this week by up to 10 percent because of a possible lack of parts from Japan following the devastating ear...
Audi introduces new Audi TT in S. Korea

TransportMar 21, 2011

Audi Korea, the local importer and distributor of luxury German car brand Audi, introduced the facelift version of the Audi TT sports coupe in South Korea Monday. Audi Korea introduced the new Audi ...
Hyundai Heavy to ship packaged power stations to Japan

IndustryMar 20, 2011

Hyundai Heavy Industries Co. will provide four packaged power stations for areas affected by the earthquake and the tsunami in Japan, the Ministry of Foreign Affairs and Trade announced Sunday. Pack...