The Korea Herald

Hanjin Heavy to close over labor dispute

IndustryFeb 14, 2011

Shares in Hanjin Heavy Industries & Construction tumbled on Monday after the Korean shipbuilder said it decided to shut down three operations in Korea due to labor strife. Hanjin said in a statement...
Korea’s foreign sell-off heaviest in Asia

Feb 14, 2011

Overseas investors sell stock in response to inflation fears but not thought as part of long-term trend Foreign investors pulled out the biggest amount of capital from Seoul stocks in Asia this mont...
Global telecoms closer to offering open mobile app platform

IndustryFeb 14, 2011

Major telecoms, including Korea’s KT Corp. and SK Telecom, have moved a step closer to commercializing an open mobile applications platform established by a multinational alliance of telecoms and dev...
Kolon to merge with subsidiary

IndustryFeb 14, 2011

Kolon Industries Co., a Korean textile maker, plans to buy the shares in subsidiary Cambridge Kolon Co. on the market that it doesn’t own. Cambridge Kolon owners will get 782,580 shares of the merge...
China profits from solar-power plan

IndustryFeb 14, 2011

China, the world’s biggest electricity consumer, is figuring out how to capture a larger share of the solar-energy market without losing money. The government will spend at least a year studying Eur...
Pre-launch orders for Hyundai Veloster

TransportFeb 13, 2011

Hyundai Motor Co. will begin receiving pre-launch orders for the Veloster from Monday. The vehicle will be launched on the local market later this month. The vehicle, which the company has termed PU...
Samsung unveils upgraded Galaxy S, Galaxy Tab

IndustryFeb 13, 2011

Samsung Electronics unveiled the upgraded versions of its flagship smartphone Galaxy S and its tablet PC Galaxy Tab in an event one day before the launch of the global mobile industry show in Barcelo...
Milk shortage from FMD affecting local industries

IndustryFeb 13, 2011

A nationwide milk shortage caused by the severest foot-and-mouth disease outbreak in Korea’s history is affecting local confectionery and dairy industries, corporate sources said Sunday. Sources fro...
Underground economy shrinks to 17% of GDP

Feb 13, 2011

The size of the so-called underground economy in Korea has been shrinking steadily since the early 1990s due to increased transparency of financial transactions, a report showed. According to the re...
Larger, faster, smarter devices to steal show

TechnologyFeb 13, 2011

BARCELONA, Spain (Yonhap News) ― Larger, faster and smarter smartphones and tablets are expected to steal the show this week at the wireless industry’s biggest trade show in Spain, signaling a new ro...
Greece blasts demand on asset sale

Feb 13, 2011

Athens slams debt inspectors after IMF and EU visit, accusing them of overstepping roles ATHENS (AP) ― An indignant Greece slammed EU and International Monetary Fund inspectors overseeing its effort...
Household debt rises in 2010

Feb 13, 2011

Korea’s household debt, a major economic risk factor, rose sharply last year, raising concerns about an increase in defaults, a private credit appraiser reported Sunday. At the end of December, fina...
Hyundai Motor recruits ...overseas talent

TransportFeb 13, 2011

Hyundai Motor Group’s overseas recruitment drive will begin Monday, the company announced Sunday. The group’s three main automotive businesses ― Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis...
Local firms to show 4G tech at Barcelona

TechnologyFeb 13, 2011

Local firms are moving quickly to present their fourth-generation mobile communication network technology Long Term Evolution at the global mobile industry show in Barcelona this week. Samsung Elect...
BOK may raise rates in March over price pressures

Feb 13, 2011

The Bank of Korea may raise borrowing costs again as early as March to counter inflation pressures after unexpectedly leaving policy unchanged Friday. Governor Kim Choong-soo and his officials held ...