The Korea Herald

Banks’ overseas earnings rise 29%

Apr 4, 2011

Korean banks saw total earnings from their overseas operations jump 28.8 percent last year from a year earlier thanks to an increase in interest income, the financial regulator said Monday. Net inco...
Foreigners cut local shareholdings in March

Apr 4, 2011

Foreign investors cut holdings of local shares for the second straight month in March amid worries over political unrest in the Middle East region, the financial regulator said Monday. Foreigners so...
Minister apologizes for FTA gaffe

IndustryApr 4, 2011

Trade Ministry completes fixing mistakes in translation of Korea-EU agreement Trade Minister Kim Jong-hoon apologized to the public on Monday for mistakes in the Korean-language version of the Korea...
KDIC to sell suspended savings banks: chief

Apr 4, 2011

Korea’s deposit insurance agency said Monday it plans to put most of the seven suspended savings banks up for sale from as early as this month as part of the country’s widening efforts to revamp the ...
Hyundai Heavy starts work at R&D center in Shanghai

IndustryApr 4, 2011

The world’s largest shipyard Hyundai Heavy Industries announced Monday that its Shanghai-based Global Research and Development Center began operations this month. According to the company, the R&D c...
Builders bail out of Brazil bullet train bid

IndustryApr 4, 2011

Four Korean companies have pulled out from the nation’s consortium planning to bid for a contract to build and operate a bullet train network in Brazil, company officials said. The four companies, i...
Domestic construction orders to edge down

IndustryApr 4, 2011

Korean builders’ domestic orders are expected to inch down this year due to a property market slump and economic uncertainties both at home and abroad, a report said Monday. According to the report ...
Hynix Semiconductor unveils advanced chip

IndustryApr 4, 2011

Hynix Semiconductor Inc., the world’s No. 2 maker of computer memory chips, said Monday that it has developed an advanced DDR4 dynamic random access memory (DRAM) chip and will start mass production ...
Regulator to control credit card spending

Apr 4, 2011

Package of measures against surging household debts to be unveiled Sunday Financial authorities plan to induce the public to control their use of credit cards to address rising household debts. Ins...
More Koreans feel the pinch of rising commodity prices

Apr 4, 2011

Nine out of 10 Koreans think the prices of everyday necessities have risen compared to three months ago, a survey said. Nielsen Company Korea, a research firm, said the results came from its survey ...
SK Engineering bags 140 bln won subway order from Singapore

IndustryApr 4, 2011

SK Engineering & Construction Co., a South Korean builder, said Monday that it has clinched a 140 billion won ($128.9 million) contract to build a subway section in downtown Singapore. Under the dea...
S. Korea's rice wine output falls amid slowing demand

Apr 4, 2011

Models promote Makgeolli, Korean rice wine. (Yonhap News) South Korea's production of makgeolli rice wine fell for the first time in 32 months in February amid slowing demand from strong consumption...
Taekwang fined for irregular support for affiliate

Apr 3, 2011

The Fair Trade Commission said Sunday it fined nine Taekwang Group companies 4.6 billion won ($4.23 million) for illegally supporting one of its affiliates. The watchdog referred three of them to the...
Korea Herald’s iPhone app opens a new chapter

TechnologyApr 3, 2011

(The Korea Herald launches its iPHone app) Korea’s leading English daily introduces its news app for the iPhone, which integrates English news and education. The news app, now available at Apple’s a...
Korea Herald debuts news app for iPhone

TechnologyApr 3, 2011

Korea’s leading English daily integrates English news and education for the first time in the nation with its news app for Apple’s iPhone users. The Korea Herald news app is the fastest way to get up...