The Korea Herald

More Korean businesses join campaign to support Japan

IndustryMar 20, 2011

Korean businesses including Hyundai Motor Group, SK Group and S-Oil have forged financial support for Japan in the aftermath of the massive earthquake and an ensuing tsunami it suffered last week, th...
Toyota recalls Lexus vehicles in S. Korea on faulty floor mats

TransportMar 20, 2011

Toyota is voluntarily recalling its Lexus vehicles in South Korea to address problems with removable floor mats that could cause accelerators to get stuck, the country's transportation ministry said ...
Warren Buffett due in S. Korea

IndustryMar 20, 2011

U.S. investor Warren Buffett will arrive in South Korea Sunday on a trip that includes a meeting with President Lee Myung-bak. The chairman and CEO of U.S. conglomerate Berkshire Hathaway will arriv...
DuPont faces antitrust claims filed by Kolon

IndustryMar 20, 2011

WASHINGTON -- South Korea's Kolon Industries Inc. has won a U.S. appeals court decision obliging a lower court to examine DuPont's alleged monopolization of the U.S. market for para-aramid fibers use...
Hyundai Motor recalls 190,000 cars in U.S. on faulty airbag

TransportMar 19, 2011

Hyundai Motor Co., South Korea's top automaker, recalled 190,000 vehicles sold in the U.S. market on airbag-related defects, a U.S. government agency said on Saturday. According to the Web site for ...
SDI agrees to pay US$32 mln in fines for price fixing conspiracy: Justice Dept.

IndustryMar 19, 2011

WASHINGTON (Yonhap) -- South Korea's Samsung SDI Co. has agreed to pay US$32 million in fines for trying to fix the prices of color display tubes used for computer monitors, the Justice Department sa...
Samsung eyes record 2011 profit

IndustryMar 18, 2011

Samsung Electronics Co. is aiming to set new records in annual operating profit and revenue this year though business conditions are expected to be unfavorable, its chief executive said Friday. Sams...
SC First Bank to close 27 branches

IndustryMar 18, 2011

Standard Chartered First Bank Korea, the local unit of Britain-based Standard Chartered Group, said Friday it plans to close 27 branches in the nation by June to improve efficiency. Employees at the...
Hanwha opens U.S. solar research center

IndustryMar 18, 2011

Hanwha Group said Friday that it has established a research center in Silicon Valley in the United States to develop next-generation solar energy technologies including solar cells. The establishmen...
Carmakers cutting output due to supply shortage

IndustryMar 18, 2011

Some automakers in Korea are considering reducing their output due to a shortage of parts from their Japanese suppliers hit by last week’s powerful earthquake, company officials said Friday. Renault...
Korea to tighten quake rules on small buildings

IndustryMar 18, 2011

Korea is seeking to tighten its construction code for smaller buildings in order to better protect them from massive earthquakes, the land and transportation ministry said Friday. The move comes as ...
NASA spacecraft now circling Mercury _ a first

IndustryMar 18, 2011

WASHINGTON (AP) _ For the first time, Earth has a regular orbiting eye-in-the-sky spying on the solar system's smallest and strangest planet, Mercury. NASA's spacecraft called Messenger successfully...
Samsung eyes record operating profit in 2011

IndustryMar 18, 2011

South Korean tech giant Samsung Electronics Co. said Friday that it aims to post a record operating profit for the whole of 2011 by cementing its leadership in existing businesses. "Competition amon...
Korea’s imports from Japan dip

Mar 17, 2011

Korea’s imports from Japan have been plunging since the recent massive earthquake amid concerns that disruptions in supply of parts and materials from the neighboring country could hurt the economy h...
Smaller companies hit harder by crisis in Japan

IndustryMar 17, 2011

Korea’s small- and medium-sized exporters are struggling with delayed payments and a drop in orders from their Japanese partners whose operations were disrupted by the massive quake and tsunami last ...