Most Popular
-
1
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
2
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
3
DP leader says he will meet Yoon without conditions
-
4
First-ever meeting of president, opposition chief set to finally happen
-
5
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
6
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
7
Experts raise concerns about Japan putting pressure on Naver over Line
-
8
Samsung mobile chief, Google device head meet in Seoul
-
9
Ship linked to NK arms shipments to Russia is moored in China: State Dept.
-
10
More med professors to take day off each week while govt. urges them to stay
-
What to make of Apple’s apology
To a certain extent, it was gratifying for Koreans to watch Tim Cook, the head of Apple Inc., one of the world’s most valuable and quintessentially American companies, beg China’s pardon last week. It was a rare spectacle, and also something Koreans had sought years ago when they pounded Apple for its warranty policies. The terms had not gone down well since consumers have been used to getting their way with such services. Apple eventually relented to allow partial repairs and reduce the repair
TechnologyApril 9, 2013
-
Korean-made beer dominates in Hong Kong
HONG KONG ― Hong Kong, with its gourmandise culture and international population, is a fierce battlefield where most of the world’s leading premium beer brands compete for market dominance. To the surprise of many, the undisputable champion there is a Korean-manufactured brand.Blue Girl, a premium pilsner lager manufactured by Korea’s Oriental Brewery and marketed by Hong Kong’s Jebsen Group, has kept its lead in the local market for six consecutive years since 2007.As of September 2012, its mar
IndustryApril 9, 2013
-
Smart choice of snacks for slimmer and healthier body
The warm breeze and blossoming flowers signal that the spring has finally arrived in South Korea. It is certainly time to peel off those excess layers of heavy clothing. But what about that extra weight you gained over the winter? A healthy way to slim down is to swap the fat-packed snacks with those containing whole-grain carbohydrates, powerful protein and healthy fat to keep you from feeling hungry and at the same time fuel your energy.1. Throw away a 100-calorie snack pack of cookies and rep
TechnologyApril 9, 2013
-
Bad habits that are actually good for you
Researchers in the United Kingdom have claimed that several habits deemed to be bad can be beneficial for us.Dr. Hilary Longhurst, consultant immunologist from the Bart’s NHS Trust, said that biting one’s nails could help improve the immune system. It introduces bug’s to the body, which then remembers them and how to counteract.According to Dr. Nick Read, a consultant gastroenterologist for the charity the IBS Network, belching helps our stomach not to splash up acid into the gullet, preventing
TechnologyApril 9, 2013
-
SK Group head admits to involvement in fund creation
The convicted chairman of SK Group, a major South Korean conglomerate, admitted Monday to having been involved in the establishment of an investment fund created with embezzled company money.Chey Tae-won, 53, received a four-year prison term in January for embezzling 49.7 billion won (US$44.5 million) in company funds and funneling it into a firm headed by a former executive at SK's telecommunications unit. The funds were used for personal investments in stock futures and options in 2008.Appeari
IndustryApril 8, 2013
-
Korea sees cosmetics trade surplus for first time as firms grow
Overseas sales of Korean cosmetic companies thread surged over 30 percent on average annually over the past three years, allowing the country to post its first cosmetic trade surplus last year.Korea’s cosmetic exports amounted to nearly $1.07 billion in 2012, surpassing imports of $978 million, according to the Korea Pharmaceutical Traders Association.“Cosmetics used to be perceived as an industry relying mostly on domestic demand in the past, but now many companies’ overseas sales take up two-d
IndustryApril 8, 2013
-
Japan’s monetary easing to further weaken yen
The Bank of Japan’s decision last week for aggressive monetary easing shook the global markets, further paving the way for a weaker Japanese yen, as intended.The plan by the Japanese central bank aimed at tackling deflation and spurring growth included a surprisingly large amount of government bond purchases equivalent to 10 percent of its gross domestic product.The new BOJ Governor Haruhiko Kuroda did not waste time by hinting its course of action, but instead sent a direct and clear message th
April 8, 2013
-
[Power Korea] Asiana Airlines unrivaled in service quality
The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 14th part of the Global Brand series. ― Ed.Asiana Airlines has a relatively short history of 25 years compared to its ar
IndustryApril 8, 2013
-
Most consumers to cut back spending: poll
Nearly nine out of 10 South Korean consumers plan to cut down on their spending in the near future due to rising prices, a poll showed Monday. The survey of 500 consumers by the Korea Chamber of Commerce and Industry found that 86.8 percent of the respondents said they will reduce their consumption due to high prices. Of the consumers polled, 95 percent said that prices have increased this year compared with the previous year.“The inflation rate has stabilized in recent months, but more consumer
IndustryApril 8, 2013
-
Korean exports forecast to recover in Q2
South Korean exports will likely recover in the second quarter of the year on the back of a mild upturn in the major economies such as the United States and China, a poll showed Monday.The index measuring the country’s exports for the coming months came in at 54.1 for the second quarter of the year, up 2.3 points from the previous quarter, according to the survey by the Korea Trade-Investment Promotion Agency.The figure marked the highest result since the third quarter of 2011.The index is based
IndustryApril 8, 2013
-
IBK offers emergency loans to firms in Gaeseong
The Industrial Bank of Korea on Monday revealed plans to offer rescue loans to embattled South Korean firms operating in the Gaeseong Industrial Complex.The IBK set aside a 100 billion won ($88 million) rescue loan fund for these companies to help them cover costs amid heightening inter-Korean tensions which have hindered regular operations. Pyongyang has blocked South Korean vehicles and workers from entering the inter-Korean industrial complex since last Wednesday. Unable to provide materials,
April 8, 2013
-
Yongsan project to be liquidated on KORAIL’s exit
The faltering Yongsan project, the nation’s single largest property project worth 31 trillion won ($29 billion), will likely be liquidated as the board of KORAIL gave consent Monday for the state-run rail operator to hand off the project. The move of KORAIL, the largest shareholder of the project with a 25 percent stake in Dream Hub, a special purpose company in charge of Yongsan project decision, was expected last Friday as the board of Dream Hub, composed of 30 shareholders including KORAIL, r
IndustryApril 8, 2013
-
NPS ups stakes in large-cap firms: data
South Korea’s state-run pension fund has expanded its stakes in the country’s blue-chip shares last year amid growing calls that it should exercise its voting right as a major stakeholder, data showed Monday. The National Pension Fund either increased its stock holding or held it steady in 20 out of 30 companies for which it holds a 5 percent stake or more as of the end of 2012, compared with the previous year, according to the data by the Financial Supervisory Service. It reduced its holdings i
April 8, 2013
-
Minister Hyun seeks to boost partnerships with U.S., Japan
Deputy Prime Minister and Finance Minister Hyun Oh-seok said Monday that Korea will further aim to boost benefits of its free trade pact with the U.S. so that companies from both countries can enjoy more of the trade deal signed in 2007.In a casual meeting with the U.S. Ambassador to Korea Sung Kim, Hyun sought further talks between the two countries on ways to increase the benefits especially for people from both sides. Hyun’s visit to the U.S. ambassador in Seoul comes as this year marks the 6
April 8, 2013
-
Samsung C&T wins deals worth $892m from Singapore, Morocco
Samsung C&T, the construction and trading arm of Samsung Group, clinched consecutive deals in Singapore and Morocco, adding $892 million to its yearly overseas sales, company officials said Monday.Last week, the company closed a $542 million deal with Singapore property developer GuocoLand to build a 20-story hotel and a 64-story office building in the Tanjong Pagar Complex, a downtown business district. The latter, once completed, is to be recorded as the highest building in the country, offici
IndustryApril 8, 2013
-
Hyundai, Kia overseas sales hit landmark 50 million units
The overseas shipments of cars manufactured by Hyundai Motor and its sister company Kia Motors have broken the 50 million mark, Hyundai Motor Group said Monday. The feat came just short of four decades after Hyundai shipped Pony, the first Korean-made car, to Ecuador, and Kia exported its signature Brisa pickups, both in the mid-1970s. The record was reached as of Sunday after the carmakers loaded several of their top-selling cars including the Tucson ix, Avante, i30 and Genesis to be shipped t
IndustryApril 8, 2013
-
Farm Ministry offers policy consulting to developing countries
Korea will start supporting developing countries by consulting them on its own rural development policy through its official development assistance program, the Ministry of Agriculture, Food and Rural Affairs said on Monday.“The ministry has completed development of 20 modules for the agriculture-related policy consulting services, titled the Korean Agricultural Policy Experiences for Food Security, or KAPEX, geared toward developing countries,” a ministry official said. The 20 modules include a
April 8, 2013
-
N.K. risks may harm Seoul rating: Moody’s
Moody’s Investors Service on Monday raised the possibility that it could downgrade South Korea’s sovereign rating due to escalating tension on the Korean Peninsula.Casting a sort of warning over the nation’s sovereign risk, the U.S.-based rating agency said North Korea’s relaunch of nuclear plant operations is negatively affecting the South’s credit standing.“North Korea’s belligerent actions are credit negative for South Korea because they have increased the chance of a serious military clash,”
April 8, 2013
-
Finding pattern that works is the secret to success
As an executive search professional, and coach to company leaders, I work with many fine leaders from various countries within a variety of businesses in Korea. I often witness firsthand what works and what doesn’t in Korea. Life for me is not boring ― it’s a roller coaster.How can we smooth out the ride of our careers in Korea? Why do books not always deliver? Well, because life is not so cut and dried that it can be captured easily between two hard covers. In looking for a career, don’t assume
BusinessApril 8, 2013
-
La Prairie unshaken by economic slump
The economic downturn has dealt a blow to overall department store revenue in recent years, but sales of premium cosmetics have remained intact.The proliferation of “brand shops” of low-priced beauty products didn’t have an impact either, according to Allen Kim, chief of La Prairie Korea.“A high-end French restaurant won’t be afflicted just because a lot of McDonald’s spring up,” Kim said in an interview with The Korea Herald.“It’s good that those low-priced brands help expand the entire cosmeti
BusinessApril 8, 2013