The Korea Herald

Local banks’ exposure to Greece tops $500m

Jun 19, 2011

Local bank’s exposure to debt-burdened Greece tops $500 billion but it poses limited impact on the local financial market even in the case of a default, financial authorities said Sunday. The Financ...
[Herald Interview] IMF: Rate hikes should help tame stock volatilities

Jun 19, 2011

IMF, Finance Ministry split on focus of capital control measures Korea should raise its policy rate faster to discourage volatile capital inflows into stocks and boost the effectiveness of capital b...
Auto Build selects Morning as best compact

TransportJun 19, 2011

Kia’s Morning Auto Build, the world’s most circulated car magazine from Germany, selected Kia’s Morning as the best compact car in the world, The Hyundai Kia Automotive Group said. In a comparative...
China car market to begin recovery in 6-12 months

TransportJun 19, 2011
GM offers Transformers pre-screenings

TransportJun 19, 2011

GM Chevrolet cars featured on “Transformers: Dark of the Moon” GM Korea Co. is offering customers an opportunity to apply to watch a pre-screening of “Transformers: Dark of the Moon” in advance of i...
Renault Samsung bullish on new SM7

TransportJun 19, 2011

Marketing chief says new SM7 beats rivals, firm recovering from Japan quake impact The revamped SM7, to be released within three months, will be successful in the country’s upper largesized sedan ma...
New Internet era beckons with firm domain names

IndustryJun 19, 2011

SINGAPORE (AFP) ― The Internet is poised for potentially one of its biggest shakeups in years as an industry body prepares to vote on Monday on a proposal to open up new domain suffixes for private c...
Prepaid mobile service to debut in S. Korea next month

TechnologyJun 19, 2011

SEOUL, June 19 (Yonhap) -- Eyesvision Co., a new entrant to the South Korean mobile phone market, said Sunday that it plans to launch prepaid wireless service through a leased network in the country ...
Games company Sega becomes latest hacking victim

TechnologyJun 19, 2011

LONDON (AP) _ Video game developer Sega said that its online database has been hacked, making it the latest in a string of games companies to be attacked. The company sent an email to users of the S...
S. Korea's mortgage rates hit 30-month high

Jun 19, 2011

SEOUL, June 19 (Yonhap) -- South Korean mortgage rates have soared to a near 30-month high due to the central bank's rate hike, sources said Sunday, raising concern that an increase in household inte...
Cnet picks Samsung's PDP TV as best TV of year

IndustryJun 19, 2011

SEOUL, June 19 (Yonhap) -- Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.'s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday. ...
IMF urges BOK to tame inflation

Jun 17, 2011

Delegation calls for speedy hikes in key rate and currency appreciation A delegation from the International Monetary Fund on Friday advised Korea to take tighter monetary policy and pull up its curr...
Asiana Airlines to buy 3 Korea Express units

IndustryJun 17, 2011

Asiana Airlines Inc. said Friday that it will buy three Korea Express Co. units ― Aas Airport Service, Asiana Airport Development Co. and Kumho Terminal Co. In its regulatory filing, the nation’s se...
Lawmakers agree on BOK inspection right

Jun 17, 2011

The National Assembly is poised to settle the long-standing dispute over whether to provide the nation’s central bank with independent authority to inspect financial companies. Ruling and opposition...
3 state firms’ CEOs face dismissal

Jun 17, 2011

Three are among 11 who received lowest grades in evaluation A government’s evaluation committee has called for the dismissal of the chiefs of three public corporations and institutions over their po...