The Korea Herald

Shinsegae store tops W1tr in turnover

IndustryJan 10, 2011

Shinsegae Department Store announced Monday that its Gangnam branch became Korea’s second retail outlet to surpass the threshold of 1 trillion won ($894.1 million) in sales last year. The branch sto...
Korea Express eyes W2.35tr in sales

IndustryJan 10, 2011

Korea Express Co., Korea’s largest logistics firm, said Monday that it is seeking to post 2.35 trillion won ($2.09 billion) in sales this year, up around 10 percent from last year. The company is al...
Samsung to reveal new phones, tablets in Feb.

Jan 10, 2011

Electronics bellwether aims to sell 60 million smartphones this year LAS VEGAS ― Samsung Electronics plans to unveil in February its next generation of smartphones running on an upgraded operating s...
China's mobile phone users top 850 mln in 2010

IndustryJan 10, 2011

HONG KONG -- The number of mobile phone subscribers in China exceeded 850 million last year as more Chinese people began to consider mobile phones everyday necessities, a government report showed Mon...
W790 coffee touches off price war

IndustryJan 10, 2011

A fresh price war among coffee vendors looms as a domestic franchised shop began to sell its standard product at close to one-fifth the market price last week. Manoffin, owned by popular local pizza...
Samsung heir supports father’s pledge on change

IndustryJan 10, 2011

LAS VEGAS ― Samsung Electronics’ heir apparent Lee Jae-yong on Friday strongly supported his father Lee Kun-hee’s drive for challenge and change. “(Chairman Lee) is someone who is constantly mounts ...
Time to get back to basics: LGE chief

IndustryJan 10, 2011

Koo pledges to create ‘tougher work culture’ LAS VEGAS ― Koo Bon-joon’s distress over his new charge, LG Electronics, was palpable throughout the brisk speech he delivered on the sidelines of the wo...
LG Chem technology not leaked in Renault case

IndustryJan 9, 2011

LG Chem Ltd. said on Sunday that its battery technology was not part of information suspected to have been leaked by Renault SA officials. An official at the Korean company said that the three offic...
Korea battles renewed AI, foot-and-mouth

Jan 9, 2011

Korea confirmed three new cases of bird flu on Sunday as the outbreak that began last month further hits farmers who are also battling the nation’s worst-ever outbreak of foot-and-mouth disease. The...
Tablets crowd CES, chasing iPad’s tail

IndustryJan 9, 2011

Working with high-speed data network may be key to success in the tablet space LAS VEGAS (AP) ― Big tablets and small tablets, white ones and black ones. Cheap ones and expensive ones. Brand names f...
Fed sees slow return to normal jobless rates

Jan 9, 2011

Bernanke: 4-5 years to reach normal unemployment; $600b support program still needed WASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy Friday but...
Internet connectivity is top tech trend: CEA head

IndustryJan 9, 2011

LAS VEGAS ― Internet connectivity in electronic devices was clearly a major theme for this year’s Consumer Electronics Show, according to Gary Shapiro, president and CEO of the Consumer Electronics A...
Number of credit cards hit record high last year

Jan 9, 2011

The average number of credit cards held by Koreans hit a record high last year thanks to a well-established payment system and improving economic conditions, a report showed Sunday. A total of 114.9...
New Year deals for Cadillac

TransportJan 9, 2011

GM Korea is offering a number of special deals with the CTS, SRX and STS until the end of the month. For the CTS 3.0, the company is offering a choice between a 2 percent discount and a lease financ...
Harley Davidson’s ‘Hot Winter’ promotion

TransportJan 9, 2011

Harley Davidson Korea is holding the “Hot Winter” promotion event that offers credits for Harley Davidson accessories, free checkup service and winter clothing until the end of the month. As part of...