Most Popular
-
1
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
2
First-ever meeting of president, opposition chief set to finally happen
-
3
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
4
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
5
Experts raise concerns about Japan putting pressure on Naver over Line
-
6
Samsung mobile chief, Google device head meet in Seoul
-
7
South Korea to launch space security center under spy agency
-
8
More med professors to take day off each week while govt. urges them to stay
-
9
Hybe refutes Ador CEO Min's denial of breach of trust
-
10
S. Korea, Japan could consider simplified entry agreement: Seoul official
-
Gas prices may surge W300 on Iran sanctions
South Korea may have to suspend Iran oil imports at the end of this monthGasoline prices in the local market are likely to climb by about 300 won ($0.26) per liter for several weeks in the wake of the European Union’s tightened sanctions on Iran, analysts said Monday.Considering the 50-liter fuel tank of an ordinary car, the situation means a surge by 15,000 won in consumer prices when a driver fills up his gasoline-empty car at a gas station.The European Union legislated rules in March to stop
IndustryMay 21, 2012
-
Facebook launches K-pop page
Facebook said Monday it has launched a K-pop music page to help fans of Korean pop music around the world to engage with their K-pop idols more actively. The page, provided jointly by Facebook and Korea’s largest entertainment agency SM Entertainment, will be updated with latest K-pop news and content both in Korean and English.On Monday morning at 11 a.m., Seoul time, the K-pop page delivered SM Town Concert held in Los Angeles. The page is seen at www.facebook.com/kpopmusic.(yoonmi@heraldm.com
May 21, 2012
-
Korea Kolmar sees robust sales growth in China
HONG KONG (Yonhap News) ― Korea Kolmar, a South Korean cosmetics research and development firm, has seen robust sales growth in China as it has steadily increased its number of Chinese clients, company officials said Monday.The company, which is known for being an original design manufacturer of cosmetics products, will likely break even in its China operations this year, largely thanks to a growing Chinese mass cosmetics market, said the officials at Korea Kolmar.Korea Kolmar’s brand awareness
IndustryMay 21, 2012
-
GM Korea allows early retirement to revamp management
General Motors Korea has launched an early retirement program to restructure its upper pool of managers and higher officials. A spokesman for the automaker told The Korea Herald that the program includes pre-payment of two year’s salary, adding that the estimated number of retirees remains unknown. The program, which started last Friday, will serve to renew the group, he said. The spokesman also said, “We are giving them (program candidates) an opportunity to choose. And the program will be a n
MobilityMay 21, 2012
-
Tefal, Philips blasted for huge margins
The distribution margin of European-brand electric irons amounted to almost 130 percent of the import prices, a local consumer advocacy group said Monday in a recent survey. The Korea Consumer Agency, supported by the Fair Trade Commission, surveyed the Korean prices of 41 electric irons, including 18 from Tefal, three by Rowenta and 20 from Philips, over the past month. The survey, which was originally aimed at monitoring their price difference following the Korea-EU free trade pact, found a 15
IndustryMay 21, 2012
-
Rivals may find breakthrough in patent fight
Samsung’s vice chief Choi in crucial talks with Apple’s Tim Cook in San FranciscoThe possibility of a breakthrough in Samsung Electronics and Apple Inc.’s patent dispute is a hot topic of discussion here with the first-ever face-to-face meeting between the chiefs of the two companies starting Monday in San Francisco Samsung Electronics’ vice chairman Choi Gee-sung and mobile chief Shin Jong-kyun will meet Apple’s chief executive Tim Cook on May 21-22 to take part in an alternative effort to reso
IndustryMay 21, 2012
-
Credit card transaction firms face investigation
A group of civic organizations on Monday requested the prosecution to investigate alleged rebate provision by companies that handle credit card transactions to large retailers that accept credit cards.Because the value-added network companies pay rebates to large retailers, it is becoming difficult to cut credit card commissions for self-employed merchants, the civic groups said.The civic organizations called for a prosecutorial probe into 13 VAN firms as well as 18 credit card acceptors includi
May 21, 2012
-
Shares gain 0.94 percent on bargain hunting
South Korean stocks gained 0.94 percent Monday on bargain hunting of big caps following last week’s tumble triggered by the eurozone’s fiscal woes, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index picked up 16.67 points to 1,799.13, after falling sharply last week.Trading volume was moderate at 406 million shares worth 4.20 trillion won ($3.60 billion), with losers outpacing gainers 470 to 389.“A sharp drop in stock prices last week f
May 21, 2012
-
Korea checking Greek crisis contingency plans
South Korea is reviewing contingency plans to better insulate the country from the political and fiscal fallouts from the ongoing crisis in Greece, the country’s top economic policymaker said Monday.Finance Minister Bahk Jae-wan told a meeting of senior ministry officials that there is a pressing need to keep close tabs on developments taking place in Greece and its effects on the South Korean economy.“Seoul must re-examine its existing contingency plans and prepare for every possible developmen
May 21, 2012
-
KEB offers DMZ tour for expats
Korea Exchange Bank organized a DMZ Tour event on Sunday for 40 of their expat customers to celebrate the launch of the Center for Expat Living desk in their headquarters in central Seoul. The center provides financial as well as non-financial services to the bank’s expat customers.The DMZ Tour highlighted the new initiative of the bank: To make living in Korea more convenient for new arrivals and transferees to Korea, their families and current expat customers by helping them take care of their
May 21, 2012
-
Banks’ fiscal health improves: report
The loan deposit rate for South Korea’s banking institutions fell to 95.3 percent at the end of March as the government takes steps to reduce household debt, the financial regulator said Monday.The Financial Supervisory Service said all 15 local banks, including KB Kookmin Bank, Woori Bank, Shinhan Bank and Hana Bank, met the loan deposit ratio limit of less than 100 percent.The limit that must be met by the end of next month is part of Seoul’s plan announced in June 2011 to control the country’
May 21, 2012
-
Transparency at issue in Ssangyong E&C sale
Europe-based M+W continues to express desire to acquire builderTransparency has emerged as a point of contention surrounding the sale of Ssangyong Engineering and Construction, as the company could be handed over to an investor via a “private contract.”The possible sale of Ssangyong E&C via this sort of behind-the-scenes contract would be legitimate under the law as the state-run Korea Asset Management Corp., the builder’s biggest shareholder, has already failed to select a preferred bidder twic
IndustryMay 21, 2012
-
Cardif in Korea holds forest visit program
Just in time to celebrate family month, Cardif in Korea, the Korean life insurance branch of the global banking giant BNP Paribas, held a forest exploration program on Saturday for neglected youths. Called “Let’s Go to the Forest,” the event took place at the Myung-Dal-Li Forest School in Yangpyeong, Gyeonggi Province. The Life Insurance Social Contribution Committee and the Seoul-based nongovernmental organization Forest for Life were co-organizers. Children from the Dong-myung Child Welfare Ce
May 21, 2012
-
Meritz Securities names new CEO
Meritz Securities said Monday it had named financial expert Kim Yong-beom as its new co-CEO.With the appointment, the securities house will be led by two CEOs. Company officials said new CEO Kim will be in charge of retail business while current CEO Choi Hi-moon will deal with other business such as institutional sales and global trading.Kim had worked as chief financial officer at the company. Before starting his career at Meritz, Kim served various key posts at Samsung Asset Management and Sam
May 21, 2012
-
Korea’s infrastructure, products will attract U.S. investors: Chen
CEO of New York-based IR firm aims to focus on South Korean marketThere are a lot of great companies in Seoul who with the right investors and counselors could go to the U.S. and benefit from the investors, said Debra Chen, CEO and founder of Icon Media Communications. “We feel really strongly about the South Korean market and this is the market we really want to concentrate on,” Chen told The Korea Herald last week. Founded in 2009, Icon Media Communications is a boutique investor relations an
IndustryMay 21, 2012
-
Foreign brokerages’ donations meager
Some argue local accounts do not match actual donations as headquarters have responsibilityForeign brokerages in South Korea are still not very generous in terms of charitable donations, according to a recent report. The total amount of donations made by Seoul branches of the top five foreign brokerages ― Goldman Sachs, Merrill Lynch, Citi Global Market Securities, Credit Suisse, JPMorgan Asset Management ― from April to December last year was only 6.5 million won, according to the 2011 fiscal y
May 21, 2012
-
Kids absorb more electromagnetic waves: study
Children soak up more electromagnetic waves in certain frequencies than adults, a recent study suggests.According to the research results published Monday, more electromagnetic waves are taken in by children in and around the frequency band of 1000 MHz, which is used in FM broadcasting, and 1GHz, the frequency band of mobile telecommunication.Also, children who use their mobile phones often are more likely to develop Attention Deficit Hyperactivity Disorder, the study said.The research team stat
TechnologyMay 21, 2012
-
Facebook launches K-pop page
Facebook said Monday it has launched a K-pop music page to help fans of Korean pop music around the world to engage with their favorite K-pop stars more actively. The page, provided jointly by Facebook and Korea’s largest entertainment agency SM Entertainment, will be updated with the latest K-pop news and content in both Korean and English.On Monday morning at 11 a.m., Seoul time, the K-pop page had photos and information from the SM Town Concert in Los Angeles. The page is seen at www.facebook
IndustryMay 21, 2012
-
South Korea shares civil aviation know-how with developing nations
South Korea will share advanced aviation-related policy knowhow with developing countries as part of its contribution to promoting safety and efficiency in global civilian flight services, the government said Monday.To that end, the government kicked off a six-day policy program that runs through Saturday and aims to pass on Seoul’s experiences in flight planning policies, airport construction and management to civil aviation representatives from 15 countries, the Ministry of Land, Transport and
May 21, 2012
-
Industrial electricity sales slow in April
The growth of electricity consumption by South Korea’s industrial sector slowed in April from a year earlier due mainly to less working days and weaker exports, the government said Monday.Sales of industrial electricity moved up just 1.7 percent on-year to 21.22 billion kilowatt-hours in the cited month, according to the Ministry of Knowledge Economy. The gain marks a slowdown from a 9.1 percent increase a year earlier, although total output rose from 20.86 billion kilowatt-hours.Power output, h
May 21, 2012