The Korea Herald

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...
Seaweed, mask sales soar on radiation fears

IndustryMar 30, 2011

Fears of radiation from Japan have pushed up sales of masks and food such as kelp considered to help prevent poisoning, local retailers said Wednesday. Concerns over radiation have been rising durin...
Financial regulator accused of lax supervision of banking fees

Mar 30, 2011

Financial regulators have been glossing over commercial banks’ long-standing practice of charging customers irregular service fees on transactions via automated teller machines. The Financial Servic...
Renault Samsung to cut production by 20% in April

IndustryMar 30, 2011

Renault Samsung Motors Co. announced Wednesday that it will cut output by 20 percent during April due to a parts shortage caused by the disasters in Japan. Renault Samsung, which stopped extra produ...
Iran Bank requests end to restriction

Mar 30, 2011

Bank Mellat asked Korean regulators to take the company off a list of institutions whose transactions must be approved by the central bank, said Ernst Lee, a spokesman for the Financial Services Comm...
Hynix doles out first cash dividend

IndustryMar 30, 2011

World’s No. 2 computer memory-chip supplier sanguine on global market ICHEON, Gyeonggi ― Hynix Semiconductor on Wednesday said it will be doling out cash dividends for the first time this year and e...
Rising exports testament to Renault Samsung’s growing capacity

IndustryMar 30, 2011

Renault Samsung Motors Co., the Korean arm of the French carmaker Renault S.A., is rapidly becoming a key player in Renault Nissan Alliance’s global sales operations with exports rising at an unprece...
LG Group leads campaigns to support suppliers

IndustryMar 30, 2011

Chairman Koo urges affiliates to help achieve ‘shared growth’ with smaller partners LG Group is leading the corporate sector’s campaign to buttress the competitiveness of smaller vendors and firms t...
Hong Kong opens world’s highest hotel

IndustryMar 30, 2011

HONG KONG (AFP) ― The world’s highest hotel opened its doors in Hong Kong on Tuesday, housed in the city’s tallest skyscraper and offering unrivalled panoramic views of the world famous Victoria Harb...
Smartphone market to grow 50% in 2011: IDC

IndustryMar 30, 2011

WASHINGTON (AFP) ― The worldwide smartphone market will grow nearly 50 percent this year and Google’s Android will take over as the leading operating system, a technology market research firm said Tu...
Japan crisis affecting Toyota, Honda

IndustryMar 30, 2011

Toyota restricts orders from U.S. dealers to preserve supply of some parts; Honda to cut output DETROIT (AP) ― Shortages of auto parts from Japan are hitting North American operations at Honda and T...
Regulator toughens card firm regulations

Mar 30, 2011

Korea’s financial regulator said Wednesday it will require credit card companies to set aside more loss reserves against credit card loans amid growing concerns over burgeoning household debts. The ...
BOK head calls for steady steps for household debt

Mar 30, 2011

South Korea's top central banker has stressed the need to steadily tackle growing household debt, which market watchers fear will undercut the country's economic growth momentum. South Korean househ...
Renault Samsung decides to cut output by 20 pct

TransportMar 30, 2011

Renault Samsung Motors Co., the South Korean unit of French automaker Renault SA, said Wednesday it will cut its output by about 20 percent from next month due to an undersupply of parts from quake-h...