The Korea Herald

Samsung establishes first social enterprise

IndustryFeb 24, 2011

Samsung Group established its first social enterprise in downtown Seoul on Thursday. The enterprise called the “Hope Network” will hire about 70 teachers and offer education services to about 1,000 ...
Regulator decides not to allow fourth telecom

Feb 24, 2011

The Korea Communications Commission said Thursday that it decided not to allow a fourth telecom to establish in the local market due to its lack of business strategies and funding abilities. During ...
SKT to release iPhone 4

IndustryFeb 24, 2011

SK Telecom, Korea’s top mobile operator, will start selling the iPhone next month in a break from Apple’s practice of selling the smartphones via a single distributor in each major market, industry s...
Samsung eyes 6th place in laptop market

TechnologyFeb 24, 2011

Apple’s MacBook Air expected to be firm’s biggest competition Samsung Electronics aims to become the world’s sixth-largest player in the mobile PC market by establishing itself as a high-end brand, ...
BMW to set up social contribution fund

IndustryFeb 24, 2011

BMW Group Korea announced Thursday that it will set up BMW Korea Future Fund, the first social contribution foundation operated by a foreign carmaker in South Korea. The foundation will be establish...
FSC chief warns against trading fraud

Feb 24, 2011

Financial Services Commission Chairman Kim Seok-dong pledged Thursday to toughen punishment on trading irregularities in the financial industry one day after the government partly suspended Deutsche ...
Renault Samsung most efficient sales staff

IndustryFeb 24, 2011

Renault Samsung Motors Co.’s sales staff recorded the highest average monthly sales figure among local carmakers, the company announced Thursday. According to the company, the 2,342 sales staff work...
Big banks must be broken up: Hoenig

IndustryFeb 24, 2011

Federal Reserve Bank of Kansas City President Thomas Hoenig said U.S. regulators should avert another crisis by breaking up large financial institutions that pose a threat “to our capitalistic system...
BMW to unveil Mini Rocketman, electric car BMW i

TransportFeb 24, 2011

BMW to unveil Mini Rocketman German luxury carmaker BMW AG said it will unveil a smaller version of the Mini next week at the Geneva motor show, called the Rocketman. While keeping the original con...
Foreigners' land ownership in S. Korea grows in 2010

IndustryFeb 24, 2011

Foreign ownership of South Korea's land rose slightly last year, but its growth rate remained relatively slow compared with levels tallied before the financial crisis, a government report showed Thur...
SK Telecom to release Apple's iPhone 4 next month in S. Korea

IndustryFeb 24, 2011

South Korea's top mobile carrier SK Telecom Co. will release Apple Inc.'s iPhone 4 in the local market next month, ending the exclusive distribution by its rival wireless operator, an industry source...
BP deal to boost India’s energy output: analysts

IndustryFeb 23, 2011

MUMBA (AFP) ― BP’s multi-billion-dollar tie-up with Reliance will accelerate fuel-hungry India’s exploration for energy and hand the Indian giant the skills to develop hard-to-exploit reserves, analy...
Russia may extend grain export ban

IndustryFeb 23, 2011

Deputy P.M. says export ban could be extended after July 1 MOSCOW (AFP) ― Russia on Tuesday said it may extend a ban on grain exports that has been blamed for triggering global food price rises beyo...
Samsung makes breakthrough in color display technology

IndustryFeb 23, 2011

Samsung Electronics said on Wednesday that it has developed the world’s first full-color quantum dot display, paving the way for the next-generation products that are cheaper but more vivid and energ...
KT to support mobile app developers

IndustryFeb 23, 2011

KT Corp., the country’s biggest wireless Internet zone operator, announced Wednesday that it plans to launch a project to help mobile application developers sell their products overseas. The “global...