The Korea Herald

Korea may be model for ‘Capitalism 4.0’: Kaletsky

Nov 7, 2011

In his book “Capitalism 4.0,” prominent journalist/economist Anatole Kaletsky predicts a sea change in the relationship between government and the market. The fourth stage of capitalism, he argues, ...
Cyworld starts global services in 7 languages

IndustryNov 7, 2011

Cyworld has launched global services in seven languages on Monday amid the soaring popularity of Facebook in Korea. This is the second try for the homegrown social networking service with 23 million...
SK to build lubricant factory in Spain

IndustryNov 7, 2011

SK Group chairman Chey Tae-won (right) and Repsol chairman Antonio Brufau Niubo sign the letter of intent to collaborate on the lubricant base oil plant in Madrid on Friday. (SK Group) SK Lubricant ...
Hyundai Group joins consortium to set up new mobile carrier

TechnologyNov 7, 2011

Hyundai Group, a South Korean family-run conglomerate, has joined a consortium to launch a new mobile carrier in the country, company and industry sources said Monday. Hyundai affiliates such as Hyu...
KT third-quarter net dips 41 percent

IndustryNov 7, 2011

South Korea's telecom titan KT Corp. said Monday that its third-quarter earnings dropped 41 percent from one year ago due mainly to currency loss and a decreased number of subscribers for mobile hand...
Samsung, Google gain in Apple patent fight

IndustryNov 6, 2011

Motorola’s win against Apple in Germany means rosy outlook for Android A German court’s recent decision to ban the sale of Apple products in Germany dealt a blow to the U.S. tech giant, while offeri...
Asiana set to raise its fleet to 88 by 2015

IndustryNov 6, 2011

Asiana Airlines Inc., South Korea’s No. 2 carrier, plans to raise its fleet to 88 by 2015 to meet growing demand for long-range routes and become a major global player, a company executive said. “Ou...
Mobile ad market growing strong

TechnologyNov 6, 2011

Smartphone users exposed to 1,000 ads per month With the number of smartphone users in Korea on the rise, the mobile ad market is expanding amid signs of a broader shift in the advertising industry ...
Hyundai, Toyota vie for No. 1 in Africa

TransportNov 6, 2011

Hyundai Motor has been closely competing with Toyota Motor to become No. 1 in automobile sales in Africa, posting about 60 percent in growth since to the beginning of the year. The company saw its s...
Outside directors toothlessas corporate watchdogs

IndustryNov 6, 2011

Antitrust authorities on Sunday raised questions about the role of outside board directors as corporate watchdogs, despite a slight increase in their number at large firms here. According to a repor...
Seoul shares expected to gain ground this week

Nov 6, 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...
N.K.’s mineral exports to China tripled from 2010: study

Nov 6, 2011

North Korea’s mineral exports to China have tripled this year compared to a year ago, a study showed Sunday. A joint study of Chinese data by the Yonhap news agency and Seoul-based IBK Economic Rese...
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...