The Korea Herald

SK Innovation to focus on new markets, tech revolution

IndustryFeb 10, 2011

SK Innovation Co. CEO Koo Ja-young said Thursday that the firm will speed up the technology revolution and investments in new growth engines with a sales target of 5 trillion won ($4.4 billion) by 20...
Asiana Airlines posts all-time record profit

IndustryFeb 10, 2011

Asiana Airlines, the country’s No. 2 air carrier, reported record high yearly sales of over 5 trillion won ($4.51 billion) in 2010, buoyed by the rising demand for flights, its officials said Thursda...
Android smartphones top 5 million in Korea

IndustryFeb 10, 2011

Google-made mobile platform spices up competition against Apple’s iPhone The number of people who own an Android-powered smartphone has reached 5 million since it was launched in the local market a ...
Stronger won an option to tame inflation

Feb 10, 2011

Currency appreciation would improve supply of imports, reduce currency volatility, economists say A stronger won could help tame the country’s inflationary pressure, as a tool to ease the burden of ...
Lotte Group founder’s son promoted to chairman

IndustryFeb 10, 2011

Lotte Group, a retail-focused Korean conglomerate, promoted Vice Chairman Shin Dong-bin to chairman in a reshuffling carried out Thursday. The group, which operates chains of Lotte Department Store,...
KNOC to spend $4 billion on overseas oil assets

IndustryFeb 10, 2011

Korea National Oil Corp., a state-run energy resources developer, plans to invest as much as $4 billion in overseas oilfields this year as it aims to increase crude production by 33 percent. “We’re ...
LG Electronics accused of breaching Sony TV patents

IndustryFeb 10, 2011

LG Electronics Inc. was accused in two lawsuits by Sony Corp. of infringing eight patents for technology used in liquid-crystal display televisions and monitors. Sony filed two new complaints, each ...
Refiners’ profit margins not small: minister

Feb 10, 2011

New Minister of Knowledge Economy Choi Joong-kyung Thursday reaffirmed the government’s intent to intervene in the local refining market to contain the recent petrol price hike. “The profit margins ...
Home appliances getting darker

IndustryFeb 10, 2011

Black, colored appliances in vogue as customers get style-conscious Kim Hye-in, a soon-to-be bride, still faces a myriad of decisions as she prepares for her upcoming wedding, but she is quite firm ...
Obama to send South Korea trade deal to Congress

Feb 10, 2011

President Barack Obama plans to send the U.S.-South Korea free trade agreement to Congress in the next few weeks, but ``serious issues'' are holding up deals with Colombia and Panama, his top trade o...
Woori draws 4 candidates for chairmanship

Feb 9, 2011

Woori Finance Holdings Co., Korea's top financial group, drew four candidates for its chairmanship, including the current chairman deemed highly likely to serve another term, financial sources said W...
Deutsche Bank brokerage unit faces suspension

Feb 9, 2011

The financial authority is poised to ask the prosecution to investigate Deutsche Bank AG and suspend part of businesses of the investment bank’s securities unit in Seoul for their alleged manipulatio...
Extraordinary eurozone summit in March

IndustryFeb 9, 2011

BRUSSELS (AFP) ― Leaders of the 17-nation eurozone are to hold a special summit in mid-March to draft a plan of action to avoid a replay of the debt crises that shook the single currency last year. ...
FSC to be tougher on credit card firms

Feb 9, 2011

The Financial Services Commission unveiled a comprehensive package to curb excessive competition among credit card companies on Wednesday, a precautionary measure to prevent another liquidity crunch ...
Samsung may supply ...display panels for iPad 2

IndustryFeb 9, 2011

Samsung Mobile Display is reportedly poised to supply liquid-crystal display panels for the next version of Apple’s iPad, industry sources said on Wednesday. According to sources, the company, estab...