The Korea Herald

Korea rushes for resources, infrastructure in Africa

IndustryNov 3, 2011

(Bloomberg) Miners, builders, electronic giants seek business in world’s fastest-growing market After a decade of ceaseless pushing for growth, the BRICs appear to have begun slowing down. Now Asi...
B20 Summit business leaders call for multi-currency system to replace dollar

IndustryNov 3, 2011

Business leaders attending the B20 Summit called for political leaders to push for the establishment of a multi-currency key currency system. At the meeting of business leaders in Cannes, France hel...
Hyundai, Kia vehicles win Canadian awards

IndustryNov 3, 2011

Five vehicles made by Hyundai Motor Co. and its affiliate Kia Motors Corp. have won 2012 Canadian Car of the Year awards, industry sources said Thursday. The cars that ranked first in their sections...
SC First Bank mulls offering 24-hour service

Nov 3, 2011

CEO Hill promotes reform to compete with local commercial banks Standard Chartered First Bank Korea is considering opening several branches which offer offline and online services 24 hours a day and...
LGE targets built-in home appliance market

IndustryNov 3, 2011

Electronics giant to join hands with Viking Range to dominate market within 3 years LG Electronics announced Thursday it will join hands with Viking Range Corp. to break into the ultra premium built...
Korea eyes ‘alternative’ gas stations in fight to reduce inflation

IndustryNov 3, 2011

The government on Thursday outlined plans to transform about 10 percent of the country’s gas stations into “alternative” vendors to supply petroleum products as part of its fight against runaway fuel...
Shoplifting, employee theft cost retail industry W2 trillion: report

IndustryNov 3, 2011

Shoplifting, employee and supplier fraud, organized retail crime and administrative errors cost the nation’s retail industry 2.41 trillion won ($2.13 billion) over the past year, an international rep...
Incheon Airport honored for service excellence

IndustryNov 3, 2011

Incheon International Airport Corp. said Thursday it has been honored as one of the world’s best airports for its superior services by the Airports Council International, a global association of airp...
LGE to raise W1tr via share issue

IndustryNov 3, 2011

LG Electronics said Thursday it will issue new shares worth about 1.062 trillion won ($939 million), for the first time in six years in a sign that the company is in need of financing facility invest...
5 credit card firms face security audit

Nov 3, 2011

The Financial Supervisory Service is set to conduct inquiries into five credit card companies to monitor their cyber security measures against possible leaks of customer information. The firms are B...
Wealth inheritance via offshore tax evasion uncovered

IndustryNov 3, 2011

The National Tax Service said Thursday that it has collected an additional 278.3 billion won ($246.3 million) from 11 entrepreneurs who have transferred property to their children via overseas tax ev...
Yahoo hopes to reach readers with iPad magazine

IndustryNov 3, 2011

SUNNYVALE, Calif. (AP) — Yahoo has begun to distribute an iPad magazine that illuminates the Internet company's ambitions and the chronic hiccups that have thrown its fate into doubt. The free magaz...
Corporate regulator puts 13 more firms on watch list

Nov 3, 2011

SEOUL, Nov. 3 (Yonhap) -- South Korea's antitrust watchdog said Thursday that it has placed 13 more companies on its watch list that limits mutual investments and loan guarantees. The Fair Trade Com...
FSC under pressure to penalize Lone Star

Nov 2, 2011

(Yonhap News) The Financial Services Commission has been under mounting pressure to take stern action against Lone Star Funds, which was convicted of manipulating stocks of Korea Exchange Bank’s cre...
Asiana short film festival kicks off

IndustryNov 2, 2011

Asiana Airlines CEO Yoon Young-doo The Asiana International Short Film Festival kicked off at the Cine Cube cinema in central Seoul on Wednesday. The annual event, held for the ninth time, is the la...