Most Popular
-
1
First-ever meeting of president, opposition chief set to finally happen
-
2
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
3
Naver’s Line ownership in jeopardy as Japan ups pressure
-
4
South Korea to launch space security center under spy agency
-
5
Hybe refutes Ador CEO Min's denial of breach of trust
-
6
S. Korea, Japan could consider simplified entry agreement: Seoul official
-
7
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
8
[Weekender] How DDP emerged as an icon of Seoul
-
9
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
10
[Herald Interview] Guggenheim Museum makes a push for technology-based art with LG
-
Trade surplus in August narrows on falling exports
Korea’s trade surplus shrank in August from a month earlier as exports fell largely due to jittery external conditions and bad weather, the government said Saturday. The country’s trade balance came to $2.04 billion in the black last month, compared with a surplus of $2.75 billion in July, according to the Ministry of Knowledge Economy. The August figures mark the seventh consecutive month the country has posted a trade surplus since January, when the country’s trade balance went into the red fo
Sept. 2, 2012
-
LG bets on ultra definition, OLED TVs to become global leader
BERLIN ― LG Electronics may be behind Samsung Electronics in the global television market at the moment.But this will all change over the next two to three years as LG bets that its premium 84-inch ultra-definition and 55-inch organic light-emitting diode TVs will be its new growth drivers and give the company a competitive edge over its rival.Kwon Hee-won, CEO of LG’s home entertainment business, said he is positive that the market is ready for big ultra-definition TVs, and that there will soon
TechnologySept. 2, 2012
-
Most U.S. consumers disagree with verdict in Samsung-Apple case
WP columnist says Apple should lose possible appeal from SamsungA survey in the U.S. showed that more than half of young American consumers have a skeptical view over a California federal jury’s recent verdict that Samsung violated Apple’s mobile patents.The Silicon Valley / San Jose Business Journal cited a poll conducted by CouponCodes4U on 2,125 consumers aged between 18 and 30 who said they owned neither an Apple nor Samsung smartphone product.“About 55 percent of the respondents said they d
IndustrySept. 2, 2012
-
Seoul to raise investment, deregulate
Think tanks project 2%-range growth for this year on falling exports, consumptionThe government is weighing a number of plans including more investment and deregulation to jumpstart the economy as Korea’s growth is expected to slow to below 3 percent this year.Instead of a supplementary budget which it has been negative about, Seoul is set to announce deregulation measures on Monday and an additional state investment of several trillions of won around mid-September.The government is pulling toge
Sept. 2, 2012
-
Vehicle sales seen buoyed in U.S. as incentives grow
Car shoppers have long known that they can often buy at lower prices at the end of the month as dealers slash prices to meet sales quotas. Their chances for such deals have been especially strong as 2012 wears on. Honda Motor Co., General Motors Co. and Toyota Motor Corp. are all using so-called stair-step programs to give rewards to dealers whose sales reach thresholds set by the companies. Programs such as Honda’s, which started in March to boost Accord deliveries, sweeten incentives for deale
MobilitySept. 2, 2012
-
Hyundai inks R&D tie-up with U.S. colleges
Hyundai Motor Group said Sunday that it has agreed with two U.S. elite schools to build a research center in a bid to enhance global research and development capability and nurture talented engineers in the automotive sector. The Korean auto giant, which owns Hyundai and Kia brands, signed a memorandum of understanding with the University of California, Berkeley and the University of California, Davis for the establishment of the “Hyundai Center of Excellence.”UC Berkeley and UC Davis are known
MobilitySept. 2, 2012
-
Global automaker chiefs visit Korea to boost local operations
Dynamic import car market, Hyundai’s powerful dominance attract iconic leaders in car industryBig names in the global auto industry have been flocking to Korea recently. Starting with the surprise visit by Toyota Motor CEO Akio Toyoda in January, Renault-Nissan Alliance chairman Carlos Ghosn announced a new investment plan in Korea in July and Ford Motor’s CEO Alan Mulally last week renewed commitment to the Korean market. On Tuesday, Torsten Muller-Otvos, CEO of Rolls Royce Motor Cars, is also
MobilitySept. 2, 2012
-
'Super Wi-Fi' poised for growth in U.S., elsewhere
(MCT)Move over Wi-Fi, there's a new wireless technology coming.So-called "Super Wi-Fi," which offers a bigger range than existing hotspots, is being deployed in the United States and generating interest in a number of countries, including Britain and Brazil.Super Wi-Fi is not really Wi-Fi because it uses a different frequency and requires specially designed equipment, but it offers some of Wi-Fi's
TechnologySept. 2, 2012
-
Mosquito repellent may have killed sisters
BANGKOK (UPI) -- Two Canadian sisters who died in Thailand appear to have been poisoned by mosquito repellent mixed into a cocktail, autopsy results show.Audrey and Noemi Belanger, from Pohenegamook, Quebec, were found dead in June in their hotel room on Phi Phi Island. A report on the autopsy shown to the Canadian Broadcasting Corp. said the sisters had the mosquito repellent DEET in their systems.DEET is a neurotoxic but it is an ingredient in a euphoric cocktail popular with many young touris
TechnologySept. 2, 2012
-
S. Korea to revise down its 2013 growth outlook
South Korea plans to revise down its 2013 economic growth forecast as exports will likely lose steam amid the protracted eurozone debt crisis and China's slowing economy, officials said Sunday.The government said Asia's fourth-largest economy is likely to grow less than its projection of 4.3 percent next year after expanding some 3 percent this year."The government has no plans to revise its 2012
Sept. 2, 2012
-
Seoul shares likely to stay on sidelines next week
South Korean stocks will likely move sideways next week, with investors eyeing the result of the European Central Bank (ECB)'s monetary policy meeting scheduled for later in the week, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) finished at 1,905.12 this week, down 0.8 percent from the previous week. It sank into negative territory earlier in the week after top-cap Samsung
Sept. 1, 2012
-
Apple wants 4 more Samsung products added to suit
An Apple Inc. iPhone 4S smartphone (left) and a Samsung Electronics Co. Galaxy S III smartphone are arranged for a photograph in Seoul. (Bloomberg)SAN JOSE, California (AP) _ Fresh off its court victory over Samsung Electronics Co., iPhone maker Apple Inc. is asking a federal court to add four more of its rival's products to the list of patent-infringing products.Apple filed documents in San Jose
IndustrySept. 1, 2012
-
S. Korea's Aug. trade surplus narrows on falling exports
South Korea's trade surplus shrank in August from a month earlier as exports fell largely due to jittery external conditions and bad weather, the government said Saturday. The country's trade balance came to $2.04 billion in the black last month, compared with a surplus of $2.75 billion in July, according to the Ministry of Knowledge Economy. Exports dipped 6.2 percent on-year to $42.9 billion, wi
Sept. 1, 2012
-
LG, Samsung show strength in appliances
BERLIN ― Stepping into an LG Electronics’ exhibition booth at Internationale Funkausstellung, visitors will notice that it is all about the latest high-tech television, especially with more than 120 LED 3-D displays put together into one giant TV at the entrance.With the theme “Above and Beyond,” featuring countless consumer TVs filling its 2,657 square meter booth, Lee Ssang-soo, vice president of TV product planning for LG began the media tour by saying that its main focus of this event is OLE
IndustryAug. 31, 2012
-
Shares end little changed on Fed disappointment
South Korean stocks closed nearly flat Friday as investors stayed on the sidelines on jitters over a U.S.-led economic boost amid lack of market momentum, analysts said. The local currency lost ground against the U.S. dollar. After bobbing in and out of negative territory, the benchmark Korea Composite Stock Price Index shed 1.18 points or 0.06 percent to finish at 1,905.20. Trading volume was heavy at 639.1 million shares worth 4.39 trillion won ($3.87 billion) with gainers outpacing losers 420
Aug. 31, 2012
-
Citibank Korea picked as best commercial bank
Citibank Korea was awarded Best Foreign Commercial Bank from Hong Kong-based magazine Finance Asia last month. This is the fifth consecutive year Citibank has won this award. Finance Asia is one of the Asia’s leading monthly financial magazines. It announces the best banks in different Asian countries every year through Country Awards. The magazine commented that Citi Korea introduced an innovative service enhancing foreign exchange cash management capability to clear payment on the same day and
Aug. 31, 2012
-
Diagio Korea undergoes tax investigation
The nation’s tax agency has launched a tax probe into Diagio Korea, the local unit of the world’s No.1 distiller.The National Tax Service sent investigators to the company’s main office in Yeoksam-dong, southern Seoul on Thursday, according to industry sources.It is not known whether the NTS’s probe is about possible tax evasion or price-fixing of the distributor of Johnny Walker and Windsor whiskies. Yonhap News quoted an unnamed Diagio official as saying that it is a regular tax inspection as
IndustryAug. 31, 2012
-
Ford CEO pins high hopes on Korea-U.S. FTA
Ford president and CEO Alan Mulally on Friday in Seoul expressed his high expectations for expanding Ford’s presence in the Korean market, benefiting from the free trade agreement between Korea and the U.S. that took effect on Aug. 1 last year. He arrived in Korea after a three-day tour in China where he attended a groundbreaking ceremony for Ford’s new $760 million assembly plant in the Chinese eastern city of Hangzhou. It was the first time a Ford CEO visited Korea since the Dearborn, Michigan
IndustryAug. 31, 2012
-
KAI sale fails to draw enough bidders
The sale of the state-run Korea Aerospace Industries is expected to be further delayed as its first public bidding failed to attract bidders other than Korean Air until the deadline at 3 p.m. Friday. The leading flag carrier had submitted its letter of intent to acquire the nation’s only aircraft maker but its sole participation could not meet the legal conditions for a valid competition to continue the bidding process. “We will discuss future plans including the schedule for the next bidding in
IndustryAug. 31, 2012
-
Kolon to file motion against ban on sales of body-armor fiber
DuPont Co., the inventor of Kevlar, won a ruling barring Kolon Industries Inc. from selling a competing version of the product used in protective clothing for police and the military for the next 20 years.U.S. District Judge Robert Payne in Richmond, Virginia, today barred Kolon from selling products in the U.S. made with its para-aramid fiber after a jury found last year that the Korean manufacturer stole trade secrets relating to the Kevlar fiber and should pay more than $919 million in damage
IndustryAug. 31, 2012