The Korea Herald

SK to spin off life science unit

IndustryFeb 20, 2011

SK Holdings Co., the holding firm for Korea’s third-largest conglomerate, SK Group, said Friday it plans to spin off its life science business unit in April in a bid to nurture new growth engines. T...
Ford teams up with Sollers in Russia

IndustryFeb 20, 2011

DETROIT (AP) ― Ford Motor Co. is teaming up with Russian automaker Sollers to make and distribute cars in Russia, one of the fastest growing auto markets. Under a deal announced Friday, Sollers will...
U.S. House passes budget bill

Feb 20, 2011

U.S. lawmakers vote to cut $61 billion in government spending WASHINGTON (AFP) ― Historic spending cuts approved Saturday by the U.S. House of Representatives face a grim future in the Senate, raisi...
LG top brass hits the road for hands-on reviews

Feb 20, 2011

Troubled company’s CEO scans production lines at home and abroad LG Electronics’ top man Koo Bon-joon’s air mileage must be piling up at record speed with all the overseas trips he has logged since ...
30 firms to be trained for globalization

IndustryFeb 20, 2011

Policymakers are set to start offering a support package for 30 promising medium-sized local enterprises from May, aiming to foster them as globally successful firms, the Ministry of Knowledge Econom...
Korea to spend W60b to reshape industrial complexes

Feb 20, 2011

The government and private sector will organize a 60 billion won ($53 million) fund this year to be used for reshaping the country’s lagging industrial complexes, the Ministry of Knowledge Economy sa...
POSCO looks to turn byproduct gas into fuel

IndustryFeb 20, 2011

The world’s fourth-largest steelmaker POSCO announced Sunday that it has signed a memorandum of understanding with the U.S.-based bio-fuel manufacturer LanzaTech to produce ethanol using waste gases ...
Honda sweetens deal for Civic

TransportFeb 20, 2011

Honda Korea is offering a larger discount and longer installment period for the compact car Civic until the end of the month. Until the end of the month, those purchasing the Civic ― either the 1.8 ...
BMW refreshes 5-Series, X5 and M5 campaign

TransportFeb 20, 2011

BMW Korea is offering free checkup and discounts on maintenance fees for 5-Series, X5 and M5 vehicles registered before Jan. 31, 2006 until March 4. During the period, owners of vehicles that qualif...
Range Rover Vogue hits local market

TransportFeb 20, 2011

The new Range Rover TDV8 Vogue was launched on the local market on Feb. 14. The vehicle is fitted with a LR-TDV8 4.4-liter engine that puts out 313 brake horsepower and 8-speed automatic transmissio...
Kia launches Forte with fuel-saving technology

TransportFeb 20, 2011

Kia Motors Corp.’s Forte Eco Plus, the country’s first vehicle fitted with an idle stop-and-go-system for automatic transmission, will go on sale today. The idle stop-and-go-system automatically shu...
Tesla targets 50% revenue growth

TransportFeb 20, 2011

Tesla Motors Inc., the U.S. electric carmaker backed by Daimler AG and Toyota Motor Corp., said its revenue this year may rise as much as 50 percent because of higher demand for its rechargeable vehi...
Camaro to lead GM’s Korean expansion

TransportFeb 20, 2011

Muscle car measures up to competition, but stiffer price may dampen enthusiasm Chevrolet’s iconic muscle car Camaro was unveiled in South Korea on Friday. The Camaro is the third model of the eight...
Smartphone top electronics buy in 2011: survey

IndustryFeb 20, 2011

WASHINGTON (AFP) ― U.S. consumers are more likely to buy a smartphone than any other electronic gadget this year, according to a new survey. Technology research company Gartner said consumers in the...
Berlusconi girl describes 'bunga bunga' parties: report

IndustryFeb 19, 2011

ROME (AFP) - Dozens of naked women surround the Italian prime minister vying with each other to arouse him -- Silvio Berlusconi's "bunga bunga" parties as reportedly described to prosecutors by a k...