Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Naver’s Line ownership in jeopardy as Japan ups pressure
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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[Weekender] How DDP emerged as an icon of Seoul
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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SK Hynix bounces back into black in Q2
SK Hynix posted 2.63 trillion won ($2.29 billion) in sales and 23 billion won in operating profit for the second quarter, bouncing back into the black for the first time in four quarters.In a quarterly regulatory filing, the chipmaker said on Thursday that its sales figure was up 10 percent from the first quarter and its operating margin recorded 1 percent, its officials said.Bit shipments and the average selling price for the firm’s dynamic random access memory both rose 7 percent from April-Ju
IndustryJuly 26, 2012
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Auto exports expected to log solid gains in H2
Korea’s auto exports are likely to post a solid increase in the second half of this year despite unfavorable overseas market conditions, industry officials said Thursday.Domestic demand is expected to remain weak for the rest of the year, but exports should continue to do well, carmakers, auto parts companies and local automobile industry associations said in a meeting hosted by the Ministry of Knowledge Economy.“Eurozone fiscal woes and a slowdown in growth in China and the United States have a
MobilityJuly 26, 2012
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Hyundai Mobis fined for abusing suppliers
Hyundai Mobis, the nation’s largest auto parts maker, was slapped with 2.95 billion won ($2.57 million) in fines and corrective orders for demanding lower prices from its subcontractors, the state-run antitrust watchdog said Thursday. According to the Fair Trade Commission, Hyundai Mobis, a unit of Hyundai Motor Group, abused its market dominance in demanding its smaller suppliers lower their prices between 2008 and 2011.The company selected suppliers that promised the lowest prices and then dem
IndustryJuly 26, 2012
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LG Display to expand output of high-end displays
Display maker posts record sales in second quarterLG Display, Korea’s display panel giant, is gearing up to boost the production of high-end, premium liquid crystal displays for small- and mid-size mobile products.The company said Thursday that its board of directors reached a decision to invest over 1.2 trillion won ($1 billion) to transform part of its sixth generation manufacturing line to produce low temperature poly-silicon displays.LTPS is more energy efficient and offers higher pixel dens
TechnologyJuly 26, 2012
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Hyundai Motor posts record sales in first half
Nation’s largest carmaker confident of achieving this year’s sales goal globallyHyundai Motor said Thursday it posted record sales in the first half of this year, largely driven by strong sales growth in overseas markets, including the European market. The nation’s largest carmaker said it earned 42.1 trillion won ($36.7 billion) in the first six months of this year, up 9.9 percent from the same period last year. Its operating profit jumped 21 percent to 4.78 trillion won. Both figures were a re
IndustryJuly 26, 2012
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Shares gain on institutional buying
Korean stocks closed 0.74 percent higher Thursday as investors hunted for bargains following a recent plunge, analysts said. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index climbed 13.16 points to 1,782.47. Trading volume was moderate at 398.9 million shares worth 3.63 trillion won ($3.16 billion), with gainers outpacing losers 502 to 302. “Institutions led by pension funds unleashed bargain hunting, causing the key index to turn around,” said Kwa
July 26, 2012
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SME biz outlook hits over 3-year low for August
The business outlook by small and medium enterprises for August fell to an over three-year low, reflecting persistent global economic uncertainties, a poll showed Thursday.The Korea Federation of Small and Medium Business survey on 1,354 businesses showed the small business health index dropping to 80.8 for next month, down 4 percentage points from July and the lowest since 77.4 tallied in April 2009.An index reading below 100 means pessimists outnumber optimists.“The drop is due to problems fac
July 26, 2012
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Global display industry forecast to recover in H2
The global display industry is expected to pull out of a slump triggered by weak prices and excess supply in the second half of the year, local market analysts said Thursday.The display industry has weathered the worst, with overall conditions likely to improve in the coming months, analysts from investor service firms and market researchers said in a meeting hosted by the Ministry of Knowledge Economy.So Hyun-chul, an analyst at Shinhan Investment Corp., said worldwide demand has contracted rec
TechnologyJuly 26, 2012
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Korea to expand financing support for shipbuilders
Korea will expand financing support for local shipbuilders struggling with cash shortages caused by less global demand and tightened credit lines, the finance ministry said Thursday.Shipbuilders are facing bleak business conditions as the eurozone debt problems and global economic slowdowns result in less demand. Financing needed to produce ships has also been squeezed as European banks reduced lending in the wake of their recent credit downgrades. Korea is home to world leading shipbuilders, in
July 26, 2012
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Korea inspires Indian government officials
A group of mid-level Indian government officials is visiting Seoul to learn about Korea’s economic development.The Korea Development Institute School said on Thursday that the officers from the Indian Administrative Service are attending the 7th Mid-Career Training Program.KDI School has been in cooperation with India’s leading research institute ― LBS National Academy of Administration ― to operate the training program for Indian government officials. Since 2007, officials from India have visit
July 26, 2012
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KB Financial expected to take over ING Life Korea
Experts forecast deal will boost financial group’s competenceThe likelihood is increasing that KB Financial, the nation’s largest financial group, will take over ING Life Korea. KB Financial was the sole contender in the bid for the Netherlands-based insurance firm’s Korean arm on July 16, according to industry sources. Insiders see the Korean financial group to be the naturally preferred bidder. ING Life Korea is the fourth-largest life insurance firm in the country by market share, and is wort
July 26, 2012
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Bibigo opens sixth overseas restaurant in London
CJ Foodville said Thursday it opened the first European branch of its restaurant chain Bibigo in London.The London branch will be a bar and dining flagship store that offers not just bibimbap, or steamed rice with beef and vegetables, but all kinds of Korean cuisine, said the restaurant business arm of CJ.The 264-square-meter restaurant will serve menus jointly developed by star chef Leo Kang and Noh Hee-young, chief strategist for Bibigo and CJ Group’s executive director of brand communication.
IndustryJuly 26, 2012
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FTAs open up Korea’s law market
For many attorneys licensed outside of Korea, the nation’s ratification of free trade agreements with the European Union and the United States in the past year represent new opportunities. The real competition, however, may have to wait for five years.Prior to the agreements, lawyers from the U.S. and EU member countries could work in Korea, but under the designation of “foreign legal consultants.” An FLC may assist a client in matters relating to foreign or international law, and potentially in
July 26, 2012
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Global demand for senior executives still high
Stanton Chase International picks ‘diversity’ as top skill global executives must haveTop officials from a leading global executive search firm said the senior executive consultant market is still in high demand around the world despite the global economic slowdown.Speaking in an interview with The Korea Herald this week, the board members of Stanton Chase International stressed that the senior executive search business has become more competitive to satisfy the clients’ needs. “The trend in the
July 26, 2012
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Oral cancer
According to the 2008 cancer figures from the National Cancer Center in Korea, there are 2,557 oral cancer cases on average every year, which accounts for 1.4 percent of all cancer patients. The incidence of oral cancer is 5.2 cases per 100,000 persons per year. Oral cancer is one cancer with poor treatment prospects. Since its five-year survival rate of 56 percent in the early 90s, the survival rate has seen little improvement until recently, due to the complicated anatomical location and diffi
TechnologyJuly 26, 2012
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Flying fitness: Cathy Rigby’s tips for soaring while nearing 60
DALLAS ― Peter Pan never grows up. Cathy Rigby, who has made Peter her signature role for more than two decades, doesn’t seem to have aged much either.Peter’s secret is fairy dust, but Rigby, who turns 60 in December, relies on a sprinkling of pulverized herbs sprinkled on fresh food and regular exercise to perform Peter’s cartwheels, flips and flying during her national tour.She spoke about her fitness routine before a recent Dallas show.“There’s something really joyous in doing the things I st
TechnologyJuly 26, 2012
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Ceragem releases anti-hair loss treatment
Ceragem released anti-hair loss treatment, S-GEM, Tuesday, featuring a massager and tubes containing scalp essence.S-GEM releases the serum through the massager. By gently massaging the scalp with it, the scalp absorbs the essence composed of five natural herbs ― hemp, Swertia pseudo-chinensi, green tea, Sophora flavescens and morus alba. This helps the blood circulation of the scalp to strengthen the roots of the hair, it said. The essence is composed of Korea Food and Drug Administration-appro
TechnologyJuly 26, 2012
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Celltrion’s arthritis biosimilar gains approval
Celltrion, a local bio company, on Monday had its biosimilar for an antibody against arthritis approved.This is the first time an antibody copy treatment was approved in the world, the company said.The Korea Food and Drug Administration on Monday authorized “Remsima,” a biosimilar of Janssen’s “Remicade.” The company has conducted clinical trials on a total of 856 patients from 29 countries. The drug maker said Remsima could replace Remicade for use for rheumatic arthritis, ankylosing spondyliti
TechnologyJuly 26, 2012
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Heat wave alert issued
The Korea Centers for Disease Control and Prevention on Tuesday issued a heat wave alert for the nation and asked people to take extra care of their health. According to the Ministry of Health and Welfare, two people died of heatstroke and 21 have been reported with heat-related diseases as of Monday. “In order to avoid being affected by the heat wave, people should refrain from going outdoors between noon and 6 p.m.,” the KCDC said. “Plenty of relaxation is needed and people should drink more w
TechnologyJuly 26, 2012
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Coping with insomnia
Fifty-six-year-old housewife Choi Eun-hee cannot go to sleep at night. She said she is usually ready to sleep long before she actually falls asleep. “From around 10 p.m. I wait to fall asleep but stay awake all through the night. It’s only around 4 a.m. that I finally get some sleep,” she said. Choi said her problem is negatively affecting her life. “When I was able to sleep I did not realize that it was so important. Now I feel lethargic and sometimes depressed. The harder I try to fall asleep
TechnologyJuly 26, 2012