The Korea Herald

Korea’s per capita income to reach new high in 2011

Nov 6, 2011

South Korea’s per capita income is expected to reach a record high this year, surpassing $20,000 for the second consecutive year, a government official said Sunday. The official from the Ministry of...
Korea’s IT exports shrink in Oct.

IndustryNov 6, 2011

South Korea’s exports of information technology products reached the third largest monthly volume in the country’s history last month, though they dropped slightly from a year earlier when the countr...
Private loan interest rate soars: BOK

Nov 6, 2011

The personal loan interest rate has risen by more than twice as much as the rates paid on savings and bank bonds, data showed Sunday. According to industry and Bank of Korea data, interest rates pai...
Hana-KEB merger in doubt despite ruling

Nov 6, 2011

Regulator’s action against Lone Star Funds raises legal issues Hana Financial Group continues to face a hurdle in its plan to acquire Korea Exchange Bank from Lone Star Funds despite a court’s rulin...
GM may block Saab sale to Chinese firms

TransportNov 6, 2011

Saab NEW YORK (AFP) ― U.S. automaker General Motors said Saturday that it may block the sale of Saab to two Chinese companies aiming to buy the insolvent Swedish carmaker and provide it with substan...
Land Rover, Mercedes working on new SUVs

TransportNov 6, 2011

HAMBURG (DPA) ― Land Rover and Mercedes are planning new models of their Range Rover and GL models next year, with increased demand for large, luxury sports utility vehicles (SUVs) in China and Russi...
VW takes last hurdle in acquisition of MAN

TransportNov 6, 2011

MAN FRANKFURT (AFP) ― Volkswagen, Europe’s biggest carmaker, said on Thursday it had received approval from Chinese authorities to increase its stake in MAN, the final hurdle in the takeover process...
BMW quarterly profit beats estimates on demand for X3 SUV

TransportNov 6, 2011

Bayerische Motoren Werke AG, the world’s largest maker of luxury vehicles, reported better-than- expected profit in the third quarter as demand for the X3 sport- utility vehicle offset lower 1-Series...
Toyota, Honda see U.S. sales decline as Hyundai, Nissan rise

TransportNov 6, 2011

Toyota Motor Corp. and Honda Motor Co. posted U.S. sales declines for October, rather than the increases they had forecast, while Nissan Motor Co. and Hyundai Motor Co. led gains among Asian carmaker...
U.S.-built Japan cars hit Korea for tax perks

TransportNov 6, 2011

Toyota’s family minivan Sienna (Yonhap News) The Korean parliament’s ongoing dispute over the free trade agreement with the United States is dimming prospects for its early ratification. But global ...
Google to strengthen ties with Korea tech giants

IndustryNov 6, 2011

Schmidt in Seoul to meet Samsung executives, CEOs of telecom carriers Attention is being paid to the visit by Google chairman Eric Schmidt to Seoul on Monday, which experts said is aimed at forging ...
Samsung sets new TV sales record in U.S.

IndustryNov 6, 2011

Samsung Electronics said Sunday that its television sales in the North American market topped 1 million units last month, setting a new monthly sales record among all TV makers. The world’s biggest ...
Seoul shares expected to gain ground next week

Nov 5, 2011

South Korean stocks are forecast to move upward next week, analysts said Saturday, with the Greek prime minister's latest victory in a confidence vote and an upcoming meeting among European financial...
EU questions Samsung, Apple for possible probe

TechnologyNov 5, 2011

The European Commission said Saturday that it has requested Samsung Electronics Co. and Apple Inc. to provide details on their wireless patents as part of an initial procedure in antitrust investigat...
G20 leaders fail to agree on how to boost IMF

Nov 4, 2011

CANNES, France (AP) -- Leaders of the world's 20 most powerful economies failed to agree on how to increase the firepower of the International Monetary Fund, so that it can help stem the European deb...