The Korea Herald

Samsung eyes record operating profit in 2011

IndustryMar 18, 2011

South Korean tech giant Samsung Electronics Co. said Friday that it aims to post a record operating profit for the whole of 2011 by cementing its leadership in existing businesses. "Competition amon...
Korea’s imports from Japan dip

Mar 17, 2011

Korea’s imports from Japan have been plunging since the recent massive earthquake amid concerns that disruptions in supply of parts and materials from the neighboring country could hurt the economy h...
Smaller companies hit harder by crisis in Japan

IndustryMar 17, 2011

Korea’s small- and medium-sized exporters are struggling with delayed payments and a drop in orders from their Japanese partners whose operations were disrupted by the massive quake and tsunami last ...
Japan quake spells trouble for Korean economy

Mar 17, 2011

Foreign investment banks (IBs) see little short-term impact from last week’s earthquake in Japan on the Korean economy but they are concerned over its longer-term impact as the disaster could eventua...
Regulator gets tougher on savings bank owners

Mar 17, 2011

Financial Services Commission Chairman Kim Seok-dong on Thursday pledged to take stern action against major shareholders of savings banks for illegal lending and excessive risk taking. “Main shareho...
Passengers using budget carriers jump over 30%

IndustryMar 17, 2011

The number of people who used Korea’s budget carriers jumped over 30 percent on-year in the first two months of the year as more people chose cheap fares for domestic flights, the transportation mini...
Won drops to year’s low on Japan nuke woes

Mar 17, 2011

Seoul shares end flat, investor sentiment remains fragile The Korean currency slumped to its weakest level this year as a worsening crisis at a nuclear power plant in Japan prompted investors to fav...
LG enters digital magazine ad market

IndustryMar 17, 2011

By Kim Ji-hyun LG Uplus on Thursday said it has developed an exclusive application, which allows users to read magazines in their original paper format on tablet PCs, to signal its entry into the di...
Food prices feared to surge further

IndustryMar 17, 2011

Wholesalers paying more for food, suggest higher grocery prices yet to come at stores WASHINGTON (AP) ― Americans are noticing higher prices at the grocery store, and it’s about to get worse. Food ...
S. Korean firms mull evacuation of Japan-based workers

Mar 17, 2011

Several South Korean firms are considering evacuating their Japan-based employees or moving their operations to southern Japan amid growing concern over a nuclear crisis there, company officials said...
Sales at discount outlets plunge in Feb.

IndustryMar 17, 2011

Sales at the nation's major discount outlets fell sharply in February mainly due to a drop in consumer demand following the Lunar New Year's holiday, a government report showed Thursday. E-Mart (The...
Seoul stocks open 1.19 pct lower on Japan nuke woes

Mar 17, 2011

South Korean stocks started 1.19 percent lower on Thursday as Japan's nuclear power plant problem rekindled investor jitters, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) p...
[Herald Interview] Ssangyong looks to brighter future with Mahindra

IndustryMar 17, 2011

After return to profit in 2010, carmaker hopes new models bring growth and stability With its takeover by Mahindra and Mahindra Ltd. now complete, troubled carmaker Ssangyong Motor Co. is hoping to ...
Japan disaster another worry for global economy

IndustryMar 16, 2011

Japan’s earthquake and nuclear crisis have put pressure on the already fragile global economy, squeezed supplies of goods from computer chips to auto parts and raised fears of higher interest rates. ...
Korea to send 52 tons of boron to stabilize Japan reactors

Mar 16, 2011

Korea is to send some of its reserves of a material used for regulating nuclear chain reactions to Japan to limit damage to its quake-damaged nuclear reactors. The Korean government said Wednesday t...