The Korea Herald

Office workers spend more on booze than culture

May 12, 2011

The average Korean office worker spends twice as much money on drinking as culture and entertainment, a survey showed. According to a survey of 640 people conducted by recruitment website Career, wh...
LG Chem to place bigger emphasis on batteries

IndustryMay 11, 2011

LG Chem plans to have half of its business in batteries and information materials by 2015, based on the belief the sectors will lead the firm to join the ranks of global top-tier companies. “Our bus...
KTX-II train examined due to structural fault: sources

IndustryMay 11, 2011

One of the 19 KTX-Sancheon high-speed trains has been pulled off line as the system is now under examination by the manufacturer due to a serious structural fault, sources said Wednesday. KTX-Sanche...
Samsung denies reports of abandoning solar batteries

IndustryMay 11, 2011

Samsung Group on Wednesday denied news reports that its owner Lee Kun-hee instructed his company to reconsider the plans for developing solar batteries, saying Samsung has already earmarked the busin...
Korean Air refuses to let cancer patient onto flight

IndustryMay 11, 2011

Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.” Crystal Kim, a Korean-American with stage 4 breast cancer, was to take th...
Ministers discuss smart society, its challenges

May 11, 2011

Global ministerial meeting focuses on digital convergence, social networking services Ministers and vice ministers from 21 countries gathered in Seoul on Wednesday to share views about how innovativ...
Ministry sets area of new park in Yongsan

May 11, 2011

The Ministry of Land, Transport and Maritime Affairs on Wednesday designated 2.43 square kilometers of the land currently occupied by the U.S. Army’s Yongsan Garrison to be converted into a park. Ce...
Road map for Woori Finance sale due out next week: FSC

May 11, 2011

Korea will unveil its road map for the sale of a controlling stake in the second-biggest banking group Woori Finance Holdings Co. next week in a bid to restart its stalled privatization, the financia...
BOK likely to hike key rate: poll

May 11, 2011

Korea’s central bank is widely expected to resume its tightening move in May by raising the key interest rate by a quarter of a percentage point in a bid to stem inflationary pressure, a poll showed ...
Real interest rates below zero percent

May 11, 2011

Real interest has stayed below inflation for the past year, devaluing returns on bond investments and deposits at banks, a government report said Wednesday. The interest rate on 1-year savings produ...
Event to bring massive economic benefits for Korea

IndustryMay 11, 2011

The International Exposition Yeosu Korea 2012 that will open its doors to visitors on May 12, 2012, is expected to bring more than visitors to South Korea. According to the organizing committee for ...
36% of recent college graduates out of work

May 11, 2011

The number of unemployed fresh college graduates increased by 0.2 percent in April from a year earlier despite a drop in the overall jobless rate, Statistics Korea said Wednesday. Some 63.6 percent ...
Lee Kun-hee names new chief secretary

IndustryMay 11, 2011

Samsung C&T Corp.’s executive vice president Park Pil was appointed as the head of Samsung Electronics chairman Lee Kun-hee’s assistant team on May 1. Operating under the chief of Samsung’s corporat...
[Meet the CEO] LG Chem targets 25% global market share

CompaniesMay 11, 2011

CEO Kim says company is developing ‘second generation’ electric car batteries LG Chem CEO Kim Bahn-suk had much to say regarding the future of the car battery market and how the company plans to car...
Expo packed with cultural events

IndustryMay 11, 2011

The main theme of the upcoming International Exposition Yeosu Korea 2012 is “Living Ocean and Coast,” and as such its focus will be on issues related to marine development. However, organizers also ...