The Korea Herald

BOK bolsters foreign currency team

Feb 21, 2011

The Bank of Korea plans to strengthen its foreign exchange department to more efficiently manage its ever-growing currency reserves and better cope with market volatility. The central bank announced...
KT pledges better customer satisfaction

IndustryFeb 21, 2011

Company designates 2011 as the year for improved customer service Top executives of KT Corp., the country’s biggest fixed-line service operator, on Monday offered a rare gesture showing their commit...
Household credit grows fastest in 8 years: BOK

Feb 21, 2011

Korea’s household credit grew at the fastest pace in more than eight years in the fourth quarter as economic recovery and eased lending rules spurred demand for bank mortgage loans, the central bank ...
IBK has highest labor productivity among banks

IndustryFeb 21, 2011

The state-run Industrial Bank of Korea led Korean lenders in terms of labor productivity last year, government data showed Monday. According to the Financial Supervision Service, the IBK recorded 18...
POSCO foundation names prize winners

IndustryFeb 21, 2011

POSCO TJ Park Foundation announced Monday that this year’s TJ Park Prize will be awarded to a Korea Advanced Institute of Science and Technology scientist, educator and two philanthropists. The foun...
Lotte Mart to launch cheap TV

IndustryFeb 21, 2011

Lotte Mart, one of the country’s biggest discount store chains, said Monday that it is putting a 24-inch television on sale at most of their branches for less than 300,000 won ($268). The company st...
Korea Express shareholders set March 4 deadline

IndustryFeb 21, 2011

Korea Express Co.’s controlling shareholders have set a March 4 deadline for initial bids as they sell about 40 percent of Korea’s biggest logistics company, according to a person familiar with the s...
Korea’s top housing fair kicks off

IndustryFeb 21, 2011

The Kyunghyang Housing Fair and Housing Brand Fair 2011, the country’s largest building materials and construction exhibition, is to kick off Wednesday, its steering committee said Monday. The two t...
KT&G to release new Davidoff

IndustryFeb 21, 2011

KT&G Corp., Korea’s tobacco giant, said it plans to launch a new version of Davidoff cigarettes in the local market on Wednesday. Davidoff Rich Blue is the second edition of the global premium cigar...
Hyundai Motor to lower builder acquisition price

IndustryFeb 21, 2011

Hyundai Motor Group and the creditors of Hyundai Engineering and Construction have begun final negotiations over the price of stakes in the builder, with the carmaker expected to push for a reduction...
Samsung develops new faster mobile DRAM

IndustryFeb 21, 2011

Samsung Electronics Co., the world's No. 2 semiconductor maker, said Monday that it has developed a new memory chip for mobile gadgets that can transfer data at a speed eight times faster than previo...
Fears of run on savings banks looming

Feb 21, 2011

FSC suspends 4 more second-tier banks 2 days after promising no new suspensions in H1 Financial regulators’ ongoing crackdown on savings banks is increasing the chances of a bank run under which a g...
Androids to run in world's 1st robot marathon

IndustryFeb 21, 2011

In this photo released by Japanese robot maker Vstone Co., robots wait for the start to demonstration a race during a press conference Wednesday, Feb. 16, 2011. (AP Photo/Vstone Co.) TOKYO (AP) – A ...
Radioactive leak alert issued at Daejeon

Feb 20, 2011

A warning of a radioactive leak was issued at a state-run nuclear power research institute in the central city of Daejeon on Sunday, but no radiation leaked outside, institute officials said. The Ko...
SK to spin off life science unit

IndustryFeb 20, 2011

SK Holdings Co., the holding firm for Korea’s third-largest conglomerate, SK Group, said Friday it plans to spin off its life science business unit in April in a bid to nurture new growth engines. T...