The Korea Herald

Korea vows all-out effort to tame inflation

Jan 6, 2011

The Bank of Korea’s top policy priority this year will be to stabilise inflation, while adjusting monetary policy in view of the global economic situation, the central bank said Thursday. Separately...
Korea’s kimchi exports reach $98.4m in 2010

IndustryJan 6, 2011

Korea kimchi exports rose 10 percent on-year to $98.4 million last year thanks to solid overseas demand for the spicy fermented side dish, the government said Thursday. The Ministry for Food, Agricu...
Korea remains strong stock investment magnet

IndustryJan 6, 2011

Korea’s stock market lured nearly 30 percent of foreign equity funds poured into emerging Asian countries last year, becoming the second-biggest investment destination after India, a report showed Th...
Korea eyes emerging markets to boost trade

Jan 6, 2011

Korea must look for new opportunities in newly emerging markets, such as Africa and South America, to continue expanding its exports, while also seeking to establish a stronger presence in the $9 tri...
Korea halts imports of German pork, poultry

Jan 6, 2011

Korea has effectively halted imports of German pork and poultry products after high levels of dioxin were discovered, the government said Thursday. The Ministry for Food, Agriculture, Forestry and F...
U.S. private-sector jobs boom stokes hope

IndustryJan 6, 2011

Private-payroll report lifts hopes for more hiring despite skepticism over ADP's data WASHINGTON (AP) ― Companies added nearly 300,000 jobs in December, according to an unofficial count by a private...
Korea to spend W1tr on new, renewable energy sources

IndustryJan 6, 2011

South Korea plans to inject 1 trillion won ($900 million) into developing new and renewable energy sources this year with a plan to achieve $40 billion in exports in the sector by 2015, the Ministry ...
China buys more Korea bonds despite tax

Jan 6, 2011

China boosted its holdings of Korean bonds last month even as lawmakers in Seoul reinstated a tax on interest income from debt securities. China’s net purchases of Korean Treasury notes totaled 444 ...
LG Display bets on new 3-D technology

Jan 6, 2011

Company resumes business with Sony after seven-year lull: CEO LAS VEGAS ― Leading LCD panel manufacturer LG Display on Wednesday (Las Vegas time) offered a sanguine business outlook for this year, p...
Think tank chief warns against price controls

Jan 6, 2011

Government intervention to control rising food and necessities prices should be resisted, the head of a South Korean free market think tank said Wednesday. Center for Free Enterprise head Kim Chung-...
FSC, banks strive to rescue savings banks

Jan 6, 2011

Financial groups offer to take over troubled secondary institutions The government and large banking groups are coming to the rescue of the savings banks industry to prevent their debt crisis from h...
Hyundai India posts record sales in 2010

TransportJan 6, 2011

Hyundai Motor Co. announced Thursday that its Indian operation’s sales and production figures came in at above 600,000 in 2010 for the first time since its first plant went online in 1998. The compa...
KT joins move to activate 3-D content

IndustryJan 6, 2011

KT Corp., the country’s biggest fixed-line operator, said that it will join the Asian branch of the International 3-D Society as the Korean chair Thursday. With the goal of activating 3-D stereo-sco...
STX to build coal power stations

IndustryJan 6, 2011

STX Energy signed an agreement to collaborate in building two coal-fired power plants with the Korea East-West Power Co. on Thursday. Under the agreement, the companies will build two 500 megawatt p...
Registered automobiles to top 18 million in Feb.

TransportJan 6, 2011

The number of registered automobiles in South Korea could top 18 million as early as next month. The Ministry of Land, Transport and Maritime Affairs said the number of registered automobiles in the...