The Korea Herald

LCD prices keep falling after Japan quake

IndustryMar 21, 2011

Prices of liquid crystal display panels have been falling since a devastating earthquake hit Japan earlier this month, industry data showed Monday, beating market forecasts that prices would trend hi...
Japan quake leads GM Korea to cut production

Mar 21, 2011

SEOUL (AFP) - The South Korean unit of General Motors said Monday it would reduce production this week by up to 10 percent because of a possible lack of parts from Japan following the devastating ear...
Audi introduces new Audi TT in S. Korea

TransportMar 21, 2011

Audi Korea, the local importer and distributor of luxury German car brand Audi, introduced the facelift version of the Audi TT sports coupe in South Korea Monday. Audi Korea introduced the new Audi ...
Hyundai Heavy to ship packaged power stations to Japan

IndustryMar 20, 2011

Hyundai Heavy Industries Co. will provide four packaged power stations for areas affected by the earthquake and the tsunami in Japan, the Ministry of Foreign Affairs and Trade announced Sunday. Pack...
Samsung sending additonal relief aid

Mar 20, 2011

Samsung Group said Sunday it will make an additional donation of supplies to Japan amid a near rush by businesses here to help people in the neighboring country hit by the powerful earthquake and tsu...
Extended Japan crisis could inflict damage on Korean companies

Mar 20, 2011

Damages to South Korean businesses from the quake in Japan are still limited, but they may become more visible and serious if the problems facing Japanese firms become prolonged, market observers sai...
N.K. sends floral wreath for late Hyundai founder

Mar 20, 2011

North Korea has sent a wreath to Hyundai Group to commemorate the 10th anniversary of the death of Hyundai founder Chung Ju-yung, the conglomerate said Sunday, amid efforts by Pyongyang to improve ti...
Seoul shares face downward pressure

Mar 20, 2011

South Korean stocks will trade in negative territory this week as uncertainties in Japan and the Middle East are likely to dampen investors’ appetite for risks, analysts said. After moving with grea...
Business failures hit record low

Mar 20, 2011

The number of South Korean corporate bankruptcies fell to a record-low level in February on the back of the country’s continued economic recovery, the central bank said Sunday. The number of compani...
Hana Daetoo Securities, Wise Asset face sanctions

Mar 20, 2011

The Financial Supervisory Service is set to reprimand a local asset management firm and a brokerage house for incurring huge losses by conducting allegedly reckless investments in stocks last Novembe...
G20 to discuss Japan impact on economy

Mar 20, 2011

Finance ministers from the Group of 20 member nations will hold a meeting in Washington, D.C. next month to discuss the economic impacts of the Japanese crisis and measures to curb volatility in glob...
KCCI offers relief aid to Japanese quake victims

Mar 20, 2011

Chairman of the Korea Chamber of Commerce and Industry, Sohn Kyung-shik, has sent letters to his Japanese counterparts expressing sympathy for Japan’s earthquake victims. The organization also plans...
S-Oil donates W500 million for Japan

IndustryMar 20, 2011

S-Oil Corp., the nation’s third-largest refiner, entrusted the Community Chest of Korea with a relief fund totaling 500 million won ($440,000) to support Japan, company officials said Sunday. “As Ja...
KEPCO denies rumors of importing UAE nuke waste

IndustryMar 20, 2011

Utility firm seeks court order banning magazine report on possible import of fuel The state-run Korea Electric Power Corp. said on Saturday that it has filed for injunction in a Seoul court calling ...
Honda suspends orders for Japan-Built car

TransportMar 20, 2011

Honda Motor Co., the Japanese carmaker that builds most of the autos it sells in the U.S. at North American plants, is temporarily halting orders from U.S. dealers of Japan-built models after a suspe...