Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Hyundai Engineering to expand Iraqi power plant near Baghdad
South Korea's Hyundai Engineering & Construction Co. started work Sunday on a $219 million project to expand a gas-fired power station near Baghdad, an Iraqi Electricity Ministry spokesman said.The Al-Quds station located in a suburb northeast of the capital will increase production to 1,400 megawatts from 900 megawatts after 18 months, said Qais al-Waeli, spokesman for the ministry's gas projects
IndustryMay 15, 2011
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FSC chairman dodges issue on Lone Star Funds
Kim should have ordered U.S. fund to sell shares, watchdog official saysKim Seok-dong, the nation’s chief financial regulator, has once again come under public scrutiny for his allegedly irresponsible policy on U.S. Lone Star Funds, the biggest shareholder of Korea Exchange Bank.Following the vague stance he assumed on corruption scandals of regulatory staffers, for which he has yet to offer a det
May 15, 2011
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Hyundai joins Denmark’s green car campaign
Hyundai Motor Co., South Korea’s largest automaker, said Friday it has agreed to join Denmark’s efforts to promote clean energy cars in a move to tap the fast growing market for green vehicles in Europe.A memorandum of understanding (MOU) to that end was signed Wednesday in Denmark between the South Korean automaker and the city of Copenhagen, the capital of Denmark, Hyundai Motor officials said.C
MobilityMay 15, 2011
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Samsung narrows gap with Intel
Samsung Electronics Co., the world’s largest maker of computer memory chips and the second-biggest semiconductor company, reduced its gap with industry leader Intel Corp. in 2010, according to an industry report Sunday, fueled by its memory business.Samsung accounted for 9.2 percent of the global chip revenue in 2010, up from a 7.6 percent share in 2009, according to the latest report from IHS iSu
IndustryMay 15, 2011
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SK Innovation airs ads on global warming
SK Innovation Co., one of the nation’s leading energy companies, has launched a TV commercial highlighting the risks global warming poses.Emphasizing the plight polar bears face due to global warming, the commercials tell viewers that the company is committed to fighting greenhouse emissions, SK Innovation said. Images from SK Innovation’s TV commercials on global warming. (SK Innovation Co.)In mo
IndustryMay 15, 2011
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Hynix wins appeal against Rambus
Hynix Semiconductor, the world’s No.2 memory-chip maker, won a patent infringement appeal against Rambus Inc., a U.S.-based technology licensing firm, the South Korean company said Saturday. If the ruling stands, Hynix will not have to pay the hefty compensation it was slapped with in 2009.“We welcome this ruling as it has helped us establish the basis for pursuing future negotiations with Rambus,
IndustryMay 15, 2011
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Groupon Korea’s marketing tactics called into question
The Korean branch of U.S.-based global social commerce powerhouse Groupon is facing growing criticism after it posted wrong information about displayed items and even sold products that it had not secured. Groupon Korea on May 2 canceled a “secret megadeal” two hours before the event launch, during which the company was expected to hand out 500,000 giftcons ― mobile gift coupons ― which would give
IndustryMay 15, 2011
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FSS top brass to face annual screening
High-ranking officials of the Financial Supervisory Service will likely be subject to a tougher code of conduct and may face dismissal if they fail to meet annual internal assessments, officials said Sunday. Currently, 12 FSS executives, three deputy governors and nine assistant deputy governors, are allowed to maintain their three-year term as long as they do not engage in criminality.“In the wak
May 15, 2011
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Shinsegae finalizes deal to buy Kim‘s Club Mart
Shinsegae Co., South Korea’s second-largest retailer by sales, said Friday that it has finalized a deal to acquire Kim’s Club Mart Co., the supermarket chain operator of leading local fashion retailer E-Land Group.Kim’s Club Mart will be purchased by Shinsegae’s discount unit E-Mart Co., Shinsegae said. The purchase price is reported to be less than 200 billion won (US$184.5 million). On May 2, S
IndustryMay 15, 2011
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Trade surplus continues for 15th month in April
South Korea logged a trade surplus in April for the 15th straight month, fueled by exports of petroleum products, ships and vehicles, the nation’s customs office said Sunday.The trade surplus reached $5.14 billion last month, according to data released by the Korea Customs Service. The figure marks the 15th consecutive month of surplus since February 2010.Exports stood at $49.15 billion in April,
IndustryMay 15, 2011
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‘I’M YOU’ services a success for KIS
Korea Investment & Securities is successfully operating its one-stop asset management solution designed to help clients make investment choices that best reflects stock market trends, the company said. As of April, the portfolios operated by the company’s “I’M YOU” services showed an average return rate of 17 percent. Park Ji-yoon, a TV personality and former anchor, holds up a placard for KIS’ “
IndustryMay 15, 2011
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KCC reviews Apple, Google response
IT powerhouses await government measures on privacy breach accusationsPrivacy breach accusations against Google and Apple are expected to take a new turn this week following their recent responses to questionnaires sent by state authorities earlier last month.The Korea Communications Commission said it formed a 16-member committee, which includes representatives from academic, engineering and legi
BusinessMay 15, 2011
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Samsung unveils new tech to get Apple
Samsung Electronics, despite its current legal squabble with Apple Inc., will out roll out so-called “Retina Displays” to secure demand from the California-based company and win a bigger share in the rapidly-growing tablet PC market. Samsung is expected to start mass-producing the displays by the end of this year, industry sources said. The new displays, based on the PenTile RGBW technology, will
IndustryMay 15, 2011
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Audi’s workforce to grow 17 percent by 2020
Volkswagen AG’s Audi luxury-car brand will increase its workforce by 17 percent through 2020 as the manufacturer expands production beyond Germany to meet growing demand in markets such as China and the U.S.“We’re expecting further growth over the long term beyond 2015,” Chief Executive Officer Rupert Stadler said a speech to be delivered today at the annual shareholders meeting in Neckarsulm, Ger
MobilityMay 15, 2011
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Hyundai Motor plans 1,000 rural outlets in India
Hyundai Motor may build a network of as many as 1,000 rural outlets and introduce a cheaper small car after losing market share to Ford Motor Co. and Volkswagen AG.“We are looking strongly at these markets and want to focus on growing our network there,” Arvind Saxena, the carmaker’s India director for sales and marketing, said in an interview yesterday in New Delhi. He declined to give a timefram
MobilityMay 15, 2011
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Kia prices Optima hybrid at $26,500
Kia Motors America announced that its first hybrid, the 2011 Optima Hybrid, will be priced at $26,500. The Optima Hybrid, with an expected rating of 35 miles per gallon in the city and 40 on the highway, goes on sale in June.The gas-electric Optima shares its hybrid system with the Hyundai Sonata, which surprisingly carries a lower MSRP of $25,800. The full range of Optima trim levels are priced b
MobilityMay 15, 2011
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Mercedes unveils 2012 models
In the 2012 model-year most Mercedes-Benz vehicles are equipped with a more fuel-efficient 7-speed automatic transmission and increased power from direct-injection gasoline engines. That includes a new turbo four-cylinder, a normally aspirated V6 and bi-turbo V8s ― some with ECO Stop/Start technology.Many 2012 models also feature a new viewscreen with a 5.8-inch color display, Bluetooth audio stre
MobilityMay 15, 2011
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Young Koreans boost foreign auto sales
Thanks to globalization, uneasy public sentiment about foreign cars has waned in recent years.In particular, young Koreans have driven the change. Foreign automakers say the general sentiment has turned to “favorable” from “negative” as younger generations, born in the 1970s and 1980s, have become mainstream buyers.They also say the number of Korean female drivers of foreign-made cars has been inc
MobilityMay 15, 2011
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Obama to ramp up U.S. oil production
U.S. plans steps to speed up oil production but moves won’t calm gas prices any time soonWASHINGTON (AP) ― Amid growing public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska’s coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. But
IndustryMay 15, 2011
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Twitter symphony makes noise
An undergraduate student of Bournemouth University in England has created a “symphony” of Twitter feeds, the Daily Telegraph reported. Music technology student Sam Harman used a computer program to turn Twitter posts into sounds by giving each character its own distinctive tone. As a computer reads each Tweet, it plays a sound. The result is a collection of sounds similar to a xylophone. “The syst
TechnologyMay 15, 2011