The Korea Herald

Oil prices, nuclear fears to boost solar energy

IndustryMar 31, 2011

The protracted nuclear crisis in Japan and sky-high oil prices are lending fresh impetus to the solar power industry. Shares of solar energy firms have soared recently amid rising safety concerns ab...
BOK vacancy adds deadlock risk to inflation war

Mar 31, 2011

The longest vacancy on the Bank of Korea’s monetary board since 1998 raises the risk of policy deadlock as officials struggle to tame inflation while maintaining growth. The seat held by Park Bong-h...
Samil PwC looks to global markets

Mar 31, 2011

Samil PricewaterhouseCoopers is seeking to strengthen its global accounting and consulting services as the nation’s largest accountancy marks its 40th anniversary. Chairman Ahn Kyung-tae will unveil...
KORES to launch nickel production at Madagascar mine

IndustryMar 31, 2011

State-run Korea Resources Corp. said Thursday that it would start production at a nickel mine in Madagascar this year, which is expected to push the country’s self-sufficiency rate for the mineral to...
Forum on ‘green’ networking

IndustryMar 31, 2011

GreenTouch, a global consortium of wireless service operators, research institutions and non-governmental groups, said Thursday it would hold a forum on sustainable networks and climate change in Seo...
Mahindra says committed to long-term stake in Ssangyong

IndustryMar 31, 2011

Mahindra and Mahindra Ltd. has no intention of selling any of its stake in Ssangyong Motor Co. in the near future, and will fully support Ssangyong’s revival, Mahindra and Mahindra vice chairman Arna...
Obama sets ambitious goal to cut oil imports

IndustryMar 31, 2011

Reviving elusive target, Obama calls for one-third reduction in U.S. oil imports by 2025 WASHINGTON (AP) ― President Barack Obama on Wednesday called for a one-third reduction in U.S. oil imports by...
G20 highlights conflicts over currency

IndustryMar 31, 2011

Group’s talks in China focus on monetary reforms, as players clash on currency, other issues NANJING, China (AP) ― Conflicts over exchange rate policy surfaced Thursday at talks by finance mandarins...
Telecoms struggle to cope with mobile messenger popularity

IndustryMar 31, 2011

Telecom carriers are wrestling with the surging popularity of free mobile messengers increasingly jamming networks and snatching away data fees. One option being considered may be blocking or limiti...
New vehicles highlight start of Seoul Motor Show

TransportMar 31, 2011

(The General Motors concept car / Yonhap News) The start of the 2011 Seoul Motor Show Thursday was highlighted by the introduction of various new vehicles ranging from concept cars making their inte...
S. Korea's industrial output grows 9.1 pct in Feb.

Mar 31, 2011

South Korea's industrial output grew for the 20th straight month in February, indicating the economy is continuing to expand, a government report showed Thursday. According to the report by Statisti...
S. Korea's manufacturing sentiment edges down for April

Mar 31, 2011

South Korean manufacturers' business confidence for April inched down as rising oil costs and Japan's quake are expected to increase economic uncertainty, the central bank said Thursday. The index o...
6 potential buyers submit bids for Kim's Club

IndustryMar 30, 2011

E-Land Group, a leading South Korean fashion retailer, said Wednesday that six potential buyers have submitted their bid proposals for Kim's Club Mart Co., the group's supermarket chain operator. E-...
Samsung Group to strengthen legal compliance education

IndustryMar 30, 2011

Samsung Group, the country’s top conglomerate, said Wednesday that it will strengthen legal compliance within the first half of this year by upgrading training sessions for its executives. In a week...
Economy grows 6.2% in 2010

Mar 30, 2011

Per capita income tops $20,000 for first time since 2007 Korea’s economy grew by 6.2 percent in 2010 in the fastest expansion for eight years, the central bank said Wednesday after revising an earli...