The Korea Herald

Ssangyong launches first new vehicle in three years

IndustryFeb 23, 2011

JEJU ― Ssangyong Motors Co. launched the compact sport utility vehicle Korando C, its first new vehicle in three years, on the local market Tuesday. Since the company launched the luxury sedan Chair...
Samsung develops world's first full-color display using quantum dots

TechnologyFeb 23, 2011

Samsung Electronics Co. said Wednesday that it has succeeded in developing the world's first full-color display using quantum dots, paving the way for producing large displays that are brighter, chea...
Seoul shares open lower on Libya turmoil

Feb 23, 2011

South Korean stocks started lower on Wednesday as investor sentiment remained fragile amid concerns that political turmoil in Libya would jack up oil prices, analysts said. The benchmark Korea Compo...
YouTube sees Korean mobile traffic surge

TechnologyFeb 23, 2011

The evolution of mobile technology and fast distribution of smartphones in Korea sparked ever-growing demand for video content on YouTube, Gautam Anand, director of its Asia Pacific content partnersh...
FSC halts business at Domin savings bank

Feb 22, 2011

The Financial Services Commission said it has suspended Domin Mutual Savings & Finance, based in Chuncheon, Gangwon Province, saying that the bank’s capital shortages were excessive. The latest susp...
Market watches parliament over bank levy bill

Feb 22, 2011

Korean banks and currency dealers are keeping close tabs on whether the parliament will approve a bill to introduce a bank levy that could cut the inflow of dollars, market sources said Tuesday. In ...
Hyundai Group drops planned lawsuit against Hyundai Motor

IndustryFeb 22, 2011

Hyundai Group plans to cancel filing a law suit on the failed purchase of Hyundai Engineering & Construction Co., the group said Tuesday. Hyundai Group hopes a compromise plan will come from Hyundai...
Middle East crisis hits Korean markets

Feb 22, 2011

Growing unrest in the Middle East and soaring crude oil prices are casting clouds over the Korean economy and placing the government and businesses on emergency footing. Construction and airline fir...
FSC, firms pledge support for savings banks

Feb 22, 2011

Deposit withdrawals from secondary banks sharply reduce as officials work to calm market The government and financial institutions were trying to calm savings banks’ jitters on Tuesday, pledging fre...
S. Korean imports of U.S. beef almost double in 2010

Feb 22, 2011

South Korea's imports of U.S. beef nearly doubled in 2010 from a year earlier due largely to dwindling concerns over its safety here, the government said Tuesday. The farm ministry said the country ...
Daewoo to build giant ships for Denmark

IndustryFeb 21, 2011

Daewoo to build giant ships for Denmark
No more savings banks suspensions: FSC

Feb 21, 2011

The nation’s chief financial regulator on Monday strived to calm jitters among savings banks’ clients amid the growing fears of a bank run. Financial Services Commission Chairman Kim Seok-dong calle...
KB Financial names Choi to head card unit

Feb 21, 2011

KB Financial Group nominated Choi Gi-eui to head its new subsidiary KB Koomin Card on Monday. Choi currently heads the group planning the launch of KB Kookmin Card as a separate subsidiary. Choi Gi...
Korea eyes $10.7 billion in software exports in 2011

IndustryFeb 21, 2011

Korea aims to export a record $10.7 billion worth of software in 2011 as local companies make inroads into the global information technology (IT) service sector, the government said Monday. The Mini...
Samsung, LG lead global TV market

IndustryFeb 21, 2011

Samsung Electronics Co. and LG Electronics Inc. led the world’s flat-screen TV market last year, but they lagged behind Japanese companies in emerging 3-D TV markets, an industry report showed Monday...