Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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KAA, AustCham to host Sundowners’ party
The Korean Australian Alumni and the Australian Chamber of Commerce in Korea will host a joint “Sundowners” party on July 26.It will take place at the Mixology Bar, located in Cheongdam-dong, southern Seoul. Guests will be able to enjoy cocktails and get a chance to win lucky draw prizes, including those from JW Marriott Hotel Seoul and Pieroth Wines. The dress code is smart casual. Please call (02) 2010-8832 for more information.(renee@heraldm.com)
July 23, 2012
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SIWA’s working women’s networking event
The Seoul International Women’s Association, or SIWA, will hold its latest monthly meeting on Wednesday.Members and non-members will convene at Pier 8 in Itaewon, for a night of drinks, networking and dinner. Dinner will feature Japanese appetizers, and vegetarian options will be available. For more information, please visit www.siwapage.com. (renee@heraldm.com)
BusinessJuly 23, 2012
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Audi Korea chief Trevor Hill set to leave Korea
Trevor Hill, managing director of Audi Korea, has been a key figure in Korea’s import car industry for his contributions to growth in the Korean market. After five years in Korea, he plans to leave the country upon completing his tenure this year. News reports said that Hill will continue his career with Audi AG, moving to Dubai to serve as the local unit chief there. According to industry sources, Hill has played an instrumental role in the breakthrough sales success of the luxury automaker’s K
MobilityJuly 23, 2012
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Lego aims to expand toy market
Local unit chief says more competition will help parents realize the ‘play value’ of toysDanish toy firm executive Steen Lauge Kokkenborg understands that all work and no play makes for a very dull person. So Kokkenborg, who has been serving as the general manager of Lego Korea for the past two years, has made it his personal mission to spread the importance of “play” in sparking a child’s imagination and helping him or her develop into a well-rounded, well-adjusted adult. “Korean parents....(so
IndustryJuly 23, 2012
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Seoul shares fall on renewed eurozone worries
South Korean stocks closed 1.84 percent lower Monday as Spain's call for a rescue fund spurred a new wave of fears that the eurozone debt crisis is deepening, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) plunged 33.48 points to finish at 1,789.45. Trading volume was moderate at 491.3 million shares worth 3.55 trillion won ($
July 23, 2012
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Female flirtation is a plus in negotiation
Using flirtation during a negotiation appears to create better economic outcomes for female negotiators, a U.S. researcher found.However, study leader Laura Kray of the University of California, Berkeley, Haas School of Management, said female negotiators only had an advantage if the flirtatiousness was perceived as above and beyond friendliness.The researchers examined “feminine charm” in negotia
TechnologyJuly 23, 2012
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Kissenger: virtual lips for long-distance lovers
Finding it hard to keep up the passion in a long-distance relationship? Help might be on the way. A robotics professor in Singapore has invented a gadget equipped with motion-sensitive electronic "lips" that allow amorous but absent couples toexchange long-distance smooches via the Internet.Shaped like a small head with oversize silicone lips, the "Kissenger" -- short for Kiss Messenger -- was unv
TechnologyJuly 23, 2012
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Japan launches rocket to ISS
A handout photograph shows a Mitsubishi Heavy Industries Ltd. H-2A rocket which carries Arirang-3 taking off from Japan Aerospace Exploration Agency's (JAXA) Tanegashima Space Center in Tanegashima, Kagoshima Prefecture, Japan on Friday, May 18, 2012. (Bloomberg photos and graphics)An unmanned rocket carrying more than 4 tons of supplies to the International Space Station was successfully launched
TechnologyJuly 23, 2012
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Chinese police seize $18.5M in fake money
Chinese police have arrested 463 suspects on charges of counterfeiting money and confiscated $18.5 million in fake bills, officials said.The arrests came out of a special operation created in March to crackdown on economic crimes, China‘s state-run Xinhua News Agency reported.“Fake note cases and the amount of fake notes discovered by financial institutes have been decreasing under sustained crack
July 23, 2012
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Moms saddest when kids back in school
This photo is not directly related to this article.(Bloomberg photos and graphics)The return of school days is more emotionally tolling for mom than kids; she is the saddest when classes start, a U.S. survey indicates.Plum District, a Web community of mothers, conducted an online survey of more than 2,400 of its members last June, and found 40 percent of moms said they were the saddest family memb
TechnologyJuly 23, 2012
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Many see e-cigarettes as less harmful
(McClatchy)Current U.S. smokers are more likely to use e-cigarettes -- formally known as Electronic Nicotine Delivery Systems -- than non-smokers, researchers say. Researchers at the Schroeder Institute at the American Legacy Foundation, a non-profit Washington group that seeks to address the health effects of tobacco use, analyzed data from more than 6,000 adults who participated in two national
TechnologyJuly 23, 2012
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Women can fight breast cleavage wrinkles
Facial wrinkles get the lion's share of attention, but a U.S. plastic surgeon says wrinkles in women's breast cleavage can also be remedied.Dr. Rod Rohrich, chairman of plastic surgery at the University of Texas Southwestern Medical Center in Dallas, said wrinkle-fighting strategies can work on other areas of the body besides the face.One such area is breast cleavage -- where wrinkling caused by e
TechnologyJuly 23, 2012
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Seoul shares open sharply lower on Spain fears
South Korean stocks started sharply lower on Monday as renewed concern over debt-ridden Spain raised the specter that the eurozone fiscal crisis is worsening, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) lost 27.80 points, or 1.53 percent to 1,795.13 in the first 15 minutes of trading.Shares moved downward across the board, with top-cap Samsung Electronics and Hyundai Moto
July 23, 2012
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Parties promote ‘economic democratization’ bills
Rival parties disagree on reintroducing cap on chaebol’s equity investmentThe following is the last in a two-part story about political parties’ call for economic democratization ahead of the December presidential election. ― Ed.Both the ruling and opposition parties are voicing “economic democratization” as a key policy for the presidential elections in December.The constitutional term refers to efforts to promote balanced growth, economic stability and equitable income distribution and to prev
July 22, 2012
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Insurer loan default rate rises in May
The default rate on loans extended by South Korean insurers moved up in May from a month earlier mainly due to a rise in overdue household and corporate loans, the financial regulator said Sunday.The average ratio of overdue loans came to 0.83 percent of total lending by local life and non-life insurers, up 0.03 percentage points from the end of April, the Financial Supervisory Service said in a report.The May figure, however, marks a 0.22 percentage point dip from a year earlier when the defaul
July 22, 2012
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Com2uS to bask in growing smartphone game sector: UBS
South Korea’s leading mobile game maker Com2uS Corp. will benefit from the growing smartphone game industry, investment bank UBS said Sunday, offering a “buy” recommendation on the company.“We believe Com2uS will be a key beneficiary of the expansion of the global smartphone gaming market,” UBS said in its initial coverage report on the company.Com2uS is one of South Korea’s most successful makers of video games for mobile phones. The company is known for such mobile games as finger-wrenching Ho
IndustryJuly 22, 2012
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LG launches upgraded robotic vacuum cleaner
LG Electronics said it rolled out an upgraded and square-shaped automated robotic vacuum cleaner called Roboking Dual Eye 2.0 on Sunday.The firm also said it aims to reach more than 50 billion won ($43.75 million) in robotic cleaner sales this year, a 40 percent rise from the 40 billion won the unit recorded in sales last year.Claimed to be the first square-shaped robotic vacuum cleaner in the industry, its latest model has increased its efficiency ― to 94 percent from 84 percent in 2011 ― in cl
IndustryJuly 22, 2012
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Sluggish biz conditions cause layoff increases
Sluggish business conditions have caused a sharp rise in layoffs and involuntary retirements in South Korea’s labor market, a government report showed Sunday.According to data by Statistics Korea, 27.0 percent of people who had to leave work this year cited downturns in the business environment and outright closures of workplaces because of poor sales and earnings.This is a rise of 7.8 percentage points from 19.2 percent who had to leave work for the same reasons in 2006.The latest findings also
IndustryJuly 22, 2012
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Asiana introduces premium first class
Asiana Airlines said Sunday that it has launched a new type of first-class service, OZ First Suite, which is based on the concept of “hotel suites transplanted in an air carrier.” Limited to three routes ― Incheon-Chicago, Incheon-Narita and Incheon-Ho Chi Minh ― the new premium service is offered only on the B777-200ER aircraft at present. The Incheon-Chicago flight runs four times a week, the Incheon-Narita flight four times a day, and the Incheon-Ho Chi Minh flight two times a day. The most e
IndustryJuly 22, 2012
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Banks in public trust crisis
FSC chief defends financial firms under rate fixing probeLocal banks and brokerages are facing mounting consumer distrust over allegations that they rigged the interest rates of certificates of deposit, which, if true, would have caused households’ borrowing costs to rise.With nearly half of household loans tied to the benchmark CD rate, it is widely perceived that households had to pay higher interests because the CD rate was kept above market rates.The average interest rate for household loans
July 22, 2012