The Korea Herald

LS Group firms get new English names

IndustryMar 24, 2011

LS Group’s LS Cable Ltd. announced Thursday that it had changed its name to LS Cable and System at the previous day’s shareholders meeting. LS Cable and System said that the change was approved as i...
Sky Life subscribers break 3 million

IndustryMar 24, 2011

Sky Life, a digital satellite broadcaster, announced Thursday that its subscriber figure had reached over 3 million as of Wednesday. Speaking at a press conference in downtown Seoul, its chief execu...
Seoul shares rebound on foreign buying

Mar 24, 2011

Korean stocks ended 1.22 percent higher on Thursday as foreign investors sharply increased their holdings on reviving appetite for riskier assets, analysts said. The local currency gained ground agai...
Kia exports 10 millionth car

IndustryMar 24, 2011

Kia Motors Corp. loaded its 10 millionth vehicle to be exported at the Pyeongtaek Port in Gyeonggi Province on Thursday. The vehicle, a K5 midsized sedan, will be shipped to the U.S. “Today’s achie...
Korea’s labor productivity growth slows in Q4

Mar 24, 2011

Growth in Korea’s labor productivity in the manufacturing sector slowed in the fourth quarter of 2010 due to weaker private consumption and business investments, a government report showed Thursday. ...
Seoul examines China FTA benefits: minister

Mar 24, 2011

Korea’s top trade official said Thursday that the government is carefully looking into the impact of a free trade deal with China on Asia’s fourth-largest economy as there are divided views on benefi...
Mortgages make up 66% of household loans

Mar 24, 2011

Home-backed loans amount to 284.5tr won, set to grow further The proportion of mortgage loans to total household lending hit a record high level in the fourth quarter of last year amid monetary easi...
One in seven suffered hacking: survey

IndustryMar 24, 2011

One out of every seven in the Korean online community experienced hacking last year, while one out of six said their personal information was exposed online without their consent, according to govern...
Korea strives for agricultural security

IndustryMar 24, 2011

Government, companies to establish grain trading firm, boost overseas farming Alarmed over a surge in global food inflation, Korea is ratcheting up its efforts to safeguard against price volatility ...
BOK to raise key rate by 0.75 percentage point this year: HSBC

Mar 24, 2011

SEOUL, March 24 (Yonhap) -- South Korea's central bank is expected to hike its key interest rate by 0.75 percentage point this year to fight oil and commodity price gains, a senior economist at HSBC ...
Apple criticized for approving “gay conversion” app

TechnologyMar 24, 2011

Apple has been fiercely criticized for approving the “gay conversion” application which offers guidance on how a homosexual can convert to heterosexuality. The “gay cure” application, which can be u...
[Meet the CEO] Focus on innovation, customer drives Merck growth

IndustryMar 24, 2011

Korea unit’s chief expects OLED, clinical trials to be prospective in tech-savvy local market During the 2008-09 economic crisis, many companies curtailed their costs, their workforces and their inv...
LS Cable introduces new English name

IndustryMar 24, 2011

South Korea's top wire and cable maker LS Cable Ltd. said Thursday that it has changed its English name to LS Cable & System Ltd. to reflect the company's growing businesses. Shareholders adopted th...
Kia Motors exports reach 10 mln vehicles

TransportMar 24, 2011

Cumulative exports by South Korea's second-largest automaker Kia Motors Corp. surpassed 10 million units on Thursday, a feat achieved 36 years after it started overseas shipments in 1975, the company...
Samsung mass produces denser, slimmer mobile chips

TechnologyMar 24, 2011

Samsung Electronics Co., the world's top memory chipmaker, said Thursday that it has begun mass production of a new type of mobile dynamic random access memory (DRAM) that packs denser memory in a sl...