Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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AustCham Korea recruiting volunteer dancers
The Australian Chamber of Commerce in Korea, or AustCham Korea, is recruiting dancers for its upcoming Chairman’s Night on Sept. 21.This year’s theme is “Dancing Under the Stars.” The chamber is seeking nine volunteers.Each volunteer will be paired with a professional, and will learn specific choreography set to music. A total of eight lessons will be offered. For more details, please call 02-2010-8832. (renee@heraldm.com)
IndustryAug. 6, 2012
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SIWA to host ‘Mingle Night’
The Seoul International Women’s Association, or SIWA, will hold a “Mingle Night” at the Grand Ambassador Seoul Hotel on Aug. 31.Members and non-members can choose from various side dishes and snacks, in addition to local beers and wines.They will also be able to enjoy a live music performance. The hotel’s bar holds a live performance every night after 8:30 p.m. according to SIWA. Please visit the official website for more information.(renee@heraldm.com)
IndustryAug. 6, 2012
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French chamber organizes business trip to Mongolia
The French Korean Chamber of Commerce in Korea, in partnership with the French Chamber of Commerce and Industry in Vietnam, has organized a business delegation trip to Mongolia.According to the chamber, the trip will help interested investors, entrepreneurs, and representatives explore potential business opportunities in the landlocked central Asian country.Registration and applications must be completed by Aug. 10, according to the FKCCI website. Several options are being offered, so for more d
IndustryAug. 6, 2012
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Ten big ideas about marketing to Koreans: Part Two
Idea 6 ― Korean society is role- and hierarchy-based Koreans dress and behave for the role they are in at the time. Hill climbers always wear the same style of outfit and carry the same gear. Dress code in the office is predictably formal. Even the weather ladies on TV (they’re all women!) dress in a raincoat for the camera if it’s raining outside. Furthermore, society is infused with a complex awareness of hierarchy, and this is reinforced by the Korean language which requires a speaker to subt
Aug. 6, 2012
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Creativity helps Heineken retain foothold
Local chief says Dutch brewer aims to appeal to specific tastes of Korean consumersIn a market where products quickly fall in and out of favor, Heineken Korea has kept its foothold by keeping things fresh and interesting. “Our strategy is to keep (consumers) excited about the brand,” said the multinational beer company’s local division head, Jan Arie Smit, in a recent interview with The Korea Herald in Seoul.The Dutch beer brewer has operations in around 178 countries, according to its official
IndustryAug. 6, 2012
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Korea works green growth with Asia to improve forests
Korea Forest Service seeks to expand forest cooperation regionwideThe Asian Forest Cooperation Organization, or AFoCO will be established after three years of preparation through an agreement between the governments of the member states of the Association of Southeast Asian Nations and Korea on forest cooperation.Through it, Seoul will attempt to actively strengthen international forest affairs among Asian countries through climate change mitigation and forest cooperation projects. It also plans
Aug. 6, 2012
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Jeju Air appoints new CEO
Aekyung Group announced that it has named Choi Kyu-nam the new CEO of Jeju Air, one of Korea’s budget carriers. Choi will replace Cho Jae-yearl, who was nominated to be CEO of AK Holdings, which will be established Sept. 1.If the shareholders endorse the selection of Choi as CEO. he will lead the airliner with Aekyung Group’s Household Product and Aviation Business division’s vice president Ahn Yong-chan in a dual CEO system, company officials said.Choi, a U.S. qualified chartered financial ana
Aug. 6, 2012
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One in 4 SNU doctorate graduates unemployed
More than one in four doctorate degree recipients from Seoul National University (SNU) were unemployed last year, statistics showed Monday, the highest ratio in 10 years that indicates the country‘s most prestigious university is no exception to the tightening job market.According to SNU’s annual statistics on employment and careers of graduates, out of 1,054 people who earned doctoral degrees from the school between August 2010 and February 2011, 289 or 27.4 percent were unemployed.The unemploy
Aug. 6, 2012
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Seoul restarts aged nuclear reactor despite safety concerns
The government decided Monday to restart an aged nuclear reactor that recently underwent months-long scrutiny over its safety, amid looming signs of a power shortage due to a record heat wave.Operation of the Reactor-1 at Gori Nuclear Power Plant in Busan was resumed earlier in the day with the reactor expected to reach its full generation capacity on Friday, according to the Ministry of Knowledge Economy."We are relieved the Gori reactor was restarted," Knowledge Economy Minister Hong Suk-woo t
Aug. 6, 2012
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NASA rover lands on Mars after plummet
A photo of Mars sent by Curiosity rover moments after it landed on the planet. (NASA)In a show of technological wizardry, the robotic explorer Curiosity blazed through the pink skies of Mars, steering itself to a gentle landing inside a giant crater for the most ambitious dig yet into the red planet's past.A chorus of cheers and applause echoed through the NASA Jet Propulsion Laboratory on Sunday
TechnologyAug. 6, 2012
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Facebook App Center opens for Korean language users
Facebook has opened its App Center in Korean, two months after it began offering the service in English.People will be able to find popular mobile game apps like FarmVille, Ninja Showdown and SimCity Social through the Facebook app store established for Korean users, its officials said.The mobile applications listed on the App Center have been chosen through the evaluations of its users and there are over 130 games that are played by Facebook users, which number up to 250 million people worldwid
IndustryAug. 5, 2012
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Samsung set to release Galaxy Note 10.1 in U.S.
Tech giant Samsung Electronics may release its Android tablet PC, Galaxy Note 10.1, in U.S. markets in the middle of this month.The speculation came after American tech and electronics website CNET unveiled a recent press invitation issued by Samsung Electronics at New York’s Lincoln Center on Aug. 15.In the invitation, the main graphic outlines a product that closely matches the specifications of the company’s 10.1-inch Android tablet PC, CNET reported.Free-style doodles on the invitation also
TechnologyAug. 5, 2012
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Kakao’s voice service to face resistance from carriers
Kakao officially rolls out mobile ‘Voice Talk’ service in KoreaThe debate surrounding free mobile Internet calls is expected to escalate after Kakao officially launched the service in Korea last week.On Thursday, Kakao said it rolled out its mobile Voice over Internet Protocol service called “Voice Talk,” putting an end to its beta test which began early June.“The launching of the Voice Talk service was an inevitable decision to better communicate with our loving friends,” the company officials
IndustryAug. 5, 2012
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Coffee chains’ inconsistency makes dietary data useless
The Korea Consumer Agency released research data on Sunday on the amounts of different ingredients in coffee served in Korea, claiming cafes’ products are deceptive in volume, caffeine content and calories. The nation’s leading customer advocacy group said that despite high prices of coffee ― ranging from 3,000 won ($2.65) to 5,000 won ― the fast-growing industry offers insufficient information needed for customers to make their choices. The ten coffeehouse chains targeted in the study are nine
IndustryAug. 5, 2012
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Judge denies Apple’s bid for Samsung sanctions
A federal judge on Friday denied Apple Inc.’s demands for an immediate victory in a multibillion-dollar patent trial. Apple sought the long-shot bid as punishment for Samsung Electronics Inc.’s decision to issue a controversial press release on the first day of testimony.The San Jose Mercury News reported Friday that U.S. District Judge Lucy Koh denied Apple’s request after polling the nine jurors to determine if they read media accounts based on the news release. All said they’ve abided by the
TechnologyAug. 5, 2012
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1 in 4 listed firms in earnings shock: report
Korean companies suffer deficit or drop in Q2 earnings amid eurozone crisisHalf of the listed companies in South Korea that have reported second quarter earnings marked a deficit or decrease, according to a report released Sunday. About a quarter of firms seriously underperformed expectations. Among 69 companies that announced second-quarter earnings as of Friday, five marked a deficit and 29 reported a drop in operating profit, said Fn Guide, online stock information provider. Most of those who
Aug. 5, 2012
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Shares to follow eurozone developments in tight range
South Korean stocks will likely move within a tight range next week as they will continue to be influenced by the eurozone economic woes, local analysts said Saturday.The country’s key stock index, the Korea Composite Stock Price Index, closed at 1,848.68, up 1.06 percent or 19.52 points higher from a week earlier.Foreign and institutional investors scooped up a net 1.53 trillion won ($1.35 billion) worth of shares with individuals offloading a net 1.95 trillion won worth of shares.The KOSPI onc
Aug. 5, 2012
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Low-income households have higher default risks: report
The ratio of “debt-risk” households among low-income brackets are significantly higher than the national average, a report showed Sunday, confirming that poor families are more vulnerable to worsening economic and financial conditions.According to the report by the state-run Korea Development Institute, the ratio of households deemed to have insufficient ability to pay back their debt among the nation’s poorest 20 percent is about four times higher than the average.The amount of the poor househo
TechnologyAug. 5, 2012
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Rice-growing households shrink
The number of rice growing households in South Korea fell 3.5 percent on-year in 2011, affected by declining demand for rice in the daily diets of its people, a report showed Sunday.Rice growing households totaled about 750,000 last year, down from 777,000 a year earlier, according to the report by the farm ministry. It is down 30.4 percent from 1.08 million tallied in 2000.The decline is attributable to less demand for rice among Korean citizens who tend to replace the staple crop in their diet
Aug. 5, 2012
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Sales rise for online oil products
Online market transactions on imported petroleum products have rapidly increased due to the government’s tariff-lifting policy and other measures.The Ministry of Knowledge Economy lifted the 3-percent tariff on imported petroleum goods that are traded online in July 2012, three months after launching the online trade of imported oil goods on March 30. According to the ministry, the new tax policy boosted the average volume of daily trade of these goods by over eight-fold from April to July.The a
Aug. 5, 2012