Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Suspect in murder of girlfriend's mugshot, name made public
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Samsung tops N. American TV market in the first half
Samsung Electronics, the world’s No. 1 flat-screen TV maker, said Tuesday that it led the North American TV market in the first half of the year on the back of rising demand for high-end TVs.Samsung Electronics’ first-half market share for digital TVs stood at 35 percent in terms of value of the uni
IndustryAug. 2, 2011
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SK, users deal with hacking aftermath
Online break-in at Cyworld, Nate prompts ‘real action’ to keep websites secureThe first thing Choi Hyun-hee did on Monday morning was change the passwords of the accounts she held at Kookmin Bank, Naver and Gmarket. She went through her mind several more times and came up with a list of other commer
IndustryAug. 2, 2011
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Sony plans overhaul at TV business
Sony Corp., Japan’ largest exporter of consumer electronics, is planning an overhaul of its television operations as the business faces an eighth consecutive year of losses.The company is aiming to draw up the plans by the end of the month and changes may include reforms at the TV business developme
IndustryAug. 2, 2011
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Asians target U.S. hotels as wealthy travel
High-end hotels in large U.S. cities are attracting buyers from Hong Kong, China and Singapore seeking to cater to a growing number of affluent Asians traveling abroad. Acquisitions by Asian investors probably will climb to the “low double digits” of all U.S. hotel deals this year, said John Strauss
IndustryAug. 2, 2011
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U.S. factory growth weakest in 2 years
Manufacturing activity barely grew in July; slump could extend through summerWASHINGTON (AP) ― Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer.The Institute for Supply Management, a trade group of purchasing executives, said Monday that i
IndustryAug. 2, 2011
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ADB warns of bumpy road into ‘Asian century’
TOKYO (AFP) ― Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday.On current trends, Asia will make up half the world’s economic output by 2050, and another three billi
IndustryAug. 2, 2011
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U.S. deal would have little impact till 2014
Budget deal’s initial spending cuts too small to hurt economy in short runWASHINGTON (AP) ― The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years.Almost all the cuts would be made
IndustryAug. 2, 2011
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LivingSocial of U.S. to acquire TicketMonster
LivingSocial, the No. 2 social commerce provider in the U.S. after Groupon, has acquired South Korea’s biggest player Ticket Monster (TMon), underscoring the popularity of discount deals through social network services amid the dearth of mergers and acquisitions in other sectors. TMon said on Tuesda
TechnologyAug. 2, 2011
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Apple suit puts Samsung tablet on hold in Australia
Apple Inc. won an agreement from Samsung Electronics Co. that the South Korean company won’t sell the newest version of its tablet computer in Australia until a patent lawsuit in the country is resolved. The Samsung Galaxy Tab 10.1 infringes 10 Apple patents, including the “look and feel,” and touch
TechnologyAug. 2, 2011
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Foreign bank branches' H1 net halves
Foreign bank branches in South Korea saw their earnings almost halve in the first six months of this year from a year earlier due to losses from securities investments, the financial regulator said Tuesday.The combined net income of foreign banks' 37 local branches came to 538.5 billion won (US$512.
Aug. 2, 2011
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'Human brain cannot get smarter'
The human brain may have hit its limit because of a lack of energy and oxygen required for mankind to become any smarter, research indicates. The Daily Mail reported research by Cambridge University on the structure of brain and how much energy its cells consume. The neurobiologists said brain capac
TechnologyAug. 2, 2011
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S. Korea's large biz CEOs earn average 1.67 bln won in 2010
Chief executive officers (CEOs) working for South Korea's 100 largest businesses earned an average of just under 1.67 billion won (US$1.59 million) in 2010, a report showed Tuesday.According to Chaebol.com, their earnings include salaries, dividends and stock options, with top executives of Samsung
IndustryAug. 2, 2011
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S. Korea's foreign reserves hit new high in July
South Korea's foreign exchange reserves climbed to a fresh high in July as a stronger British pound and Japanese yen boosted the dollar conversion value, the central bank said Tuesday.The country's foreign reserves reached US$311.03 billion as of the end of July, up $6.55 billion from June, accordin
Aug. 2, 2011
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No credit impact on Korea's securities from floods: Moody's
Moody's Investors Service said Monday that the recent deadly floods and landslides in South Korea will have no credit-ratings impact on the country's residential mortgage-backed security (RMBS) and asset-backed security (ABS).Last week's downpour-caused floods and landslides in Seoul, nearby Gyeongg
Aug. 2, 2011
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Class action suit may cost Apple up to W27b
More than 27,800 Koreans have signed up to file a class action lawsuit against Apple Korea for breach of privacy to pave the way for a legal battle that may cost the company as much as 27 billion won ($25.5 million). Miraelaw law firm, which will be representing the plaintiffs, said the official fig
IndustryAug. 1, 2011
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Trade surplus widens to $7.2 billion in July
‘FTA effect’ may be felt in the second half of the year, customs agency saysSouth Korea’s trade surplus widened sharply in July from the previous month as exports grew at a faster pace than imports, the government said Monday.The country’s trade surplus reached $7.2 billion last month, compared with
Aug. 1, 2011
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SK E&S absorbs LNG affiliate
SK E&S Co., Korea’s top city gas provider, said on Monday it has absorbed and merged with K-Power, its power-generation affiliate, to boost their liquefied natural gas business. The merger took effect on Monday. Parent company SK Holdings, the country’s No. 3 conglomerate, now holds a 94.13-percent
IndustryAug. 1, 2011
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LG Display may try to increase capital
Despite its recent decision to drastically cut investment, LG Display, the world’s leading LCD-maker, will have a hard time fending off a paid-in-capital increase, according to industry sources.“Everything will weigh on how the company finishes the year, because at the end of the year, the chances a
IndustryAug. 1, 2011
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Doosan chairman emphasizes quality over quantity
Doosan Group chairman Park Yong-hyun on Monday said the company must focus on qualitative growth.In a message posted on the company’s intranet to mark its 115th anniversary, Park said that the company should now focus on qualitative growth and that it should continue trying harder despite its achiev
IndustryAug. 1, 2011
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Hana Financial, bank unit under tough probe
FSS says scrutiny includes banking unit’s lending to Lone StarThe Financial Supervisory Service is probing Hana Financial Group and Hana Bank over several key issues including their loans totaling 1.5 trillion won ($1.42 billion) to U.S.-based Lone Star Funds, officials said on Monday.The other issu
Aug. 1, 2011