Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SK hynix pledges W20tr to ramp up DRAM production at home
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Samsung Life earnings more than double in 2010
Samsung Life Insurance Co., South Korea's top life insurer, said Thursday that its earnings more than doubled in fiscal 2010 from a year earlier thanks to investment gains from its securities holdings. Net income came to 1.93 trillion won ($1.8 billion) during the fiscal year that ended on March 31, compared with 906.1 billion won a year earlier, Samsung Life said in a regulatory filing. Sa
April 21, 2011
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8 out of 10 Internet surfers using SNS: Nielsen
Eight out of 10 Internet users are using or have used at least one social network service, according to the survey conducted by Nielsen Company Korea.The survey was conducted on 1,000 Internet users in major cities in Korea including Seoul, Daejeon, Daegu, Gwangju and Busan from Feb. 25 to March 4 this year. Among the SNS platforms, Cyworld ranked most popular with 74.9 percent of respondents usin
TechnologyApril 21, 2011
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KT introduces new mobile financial service
KT, a major telecom operator here, launched on Wednesday a prepaid financial service named “Mobile Money” that will be linked with accounts of Industrial Bank of Korea. The service is designed for smartphones equipped with the Android operating system 2.1 or higher. Compared with other “smart” banking systems, Mobile Money has a faster and easier authentication procedure, KT said.Users can charge
TechnologyApril 21, 2011
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Korea to halt old reactor for security check
Nuclear reactor stoppages raise controversy over life extension of aged power plantsState-run Korea Hydro & Nuclear Power Co. said Wednesday that it had decided to temporarily halt the operation of a nuclear reactor in Busan which experienced a power failure last week.“We decided to carry out a thorough safety check on the Gori-1 unit and resume its operation after its safety has been confirmed,”
IndustryApril 20, 2011
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U.S. ‘mindful’ of progress in S. Korea-EU FTA: envoy
The United States is “mindful” of progress South Korea and the European Union have achieved in ratifying their free trade agreement, the top American envoy here said Wednesday, as Seoul and Washington make their last push to bring their own deal to life.“Yes, we are very mindful that our friends in Europe also have a free trade agreement,” U.S. Ambassador to South Korea Kathleen Stephens said duri
April 20, 2011
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LS Cable and System launch committee to help suppliers
LS Cable and System, the country’s largest producer of cables and wires, joined the growing ranks of large firms promoting shared-growth with small- and medium-sized enterprises.Shared-growth refers to large companies’ efforts to support smaller suppliers and associated companies’ expansion efforts, which has gained increasing attention with the government promoting it as a major policy. LS Cable
IndustryApril 20, 2011
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Obama calls for more investment in broadband to catch up with Korea
WASHINGTON (Yonhap) ― U.S. President Barack Obama Tuesday called for more investment in broadband lines and other infrastructure in the United States to catch up with South Korea and other countries.“Our roads, our bridges, our sewer systems are all deteriorating,” Obama told a town hall meeting at Northern Virginia Community College, in Annandale, Virginia. “We don’t even have a serious high-spee
IndustryApril 20, 2011
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Financial security loopholes stir debate over BOK’s role
Question of central bank’s supervisory authority emergesRecent security incidents in the financial sector have reignited debate on whether the Bank of Korea should have authority to conduct independent inquiries into financial companies.Currently, the central bank is only entitled to probe financial companies jointly with the Financial Supervisory Service.While FSS-BOK joint investigations are foc
April 20, 2011
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[News Focus] Is time up for Nonghyup chairman?
Nonghyup executives under fire as calls mount for chairman’s ousterChoi Won-byung, chairman of the embattled National Agricultural Cooperative Federation, faces intensifying pressure to step down as soon as possible to accept responsibility for the latest network crash at the nation’s largest banking network. On April 19, top unions representing the nation’s agricultural cooperatives gathered toge
April 20, 2011
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Competition brewing over fledging hedge funds
Brokerages seek to capture rich investors on expectations of financial deregulationBrokerages are struggling to capture wealthy investors with high-yielding private equity products as deregulation in homegrown hedge funds looms large.Money poured into hedge fund-style products as soon as top brokerages such as Samsung, Woori Investment and Korea Investment rolled them out in the past month, sparki
April 20, 2011
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KT launches robo-buddy for kids
KT Corp. said Wednesday it will launch “kibot,” a robot for kids, on Monday, as part of plans to create a smart home.The country’s largest fixed-line service operator said kibot will help children with their studies by reading books and singing songs to them. All children have to do is scan the radio frequency identification (RFID) card on the screen at the center of the robot, according to Seo Yu
IndustryApril 20, 2011
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Credit card spending up 16.2% in Q1
South Korea’s credit card spending expanded 16.2 percent in the first quarter from a year earlier amid the country’s consumer price advance, a trade association said Wednesday. Purchases made by credit card amounted to 105.2 trillion won ($96.9 billion) during the January-March period, compared with 90.6 trillion won in the same period last year, according to the Credit Finance Association.The dat
April 20, 2011
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LG unveils ‘smart fridge’ that suggests recipes
South Korea’s LG Electronics Tuesday unveiled a refrigerator which suggests recipes as it forecast a bright future in the potentially lucrative market for “smart” household appliances.LG will roll out smart fridges, washers and other appliances in South Korea and North America by the end of this year to compete against rivals including Samsung Electronics and Whirlpool, Lee Young-ha, president of
IndustryApril 20, 2011
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LG gets best rating on its 3-D television
LG Electronics announced Wednesday that the company’s 3-D television has been given the top rating by a British information and technology magazine for its May edition.The world’s No. 2 flat-screen TV maker said home entertainment magazine “What Hi-Fi! Sound and Vision,” with a global monthly circulation of 50,000, had awarded its highest rating of five stars for LG’s 47LW650 model, naming it the
IndustryApril 20, 2011
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Yuhan-Kimberly launches new diapers
Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, launched Huggies Premier diapers on Monday, replacing its main diaper product line Huggies Gold after 13 years. Yuhan-Kimberly is a joint venture of Korea’s Yuhan Corp. and Kimberly-Clark Corp. established in 1970. The company has maintained its place at the top of Korea’s diaper market for 28 years with the Huggies brand. According to
IndustryApril 20, 2011
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‘Auto market shifts to favor Korea, Europe’
Hyundai and Kia overseas sales rise as Japanese rivals suffer from worst disasterThe series of disasters that struck Japan in March could bring significant changes to the world’s automotive industry, including its direction for eco-friendly vehicles.In a recent report, the U.S.-based market research firm Frost and Sullivan projected that the earthquake could not only open opportunities for carmake
IndustryApril 20, 2011
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Automakers plan expansion into China
Global carmakers unveil ambitious China expansion plans as they battle back from tsunamiSHANGHAI (AP) ― Global automakers unveiled ambitious expansion plans for China on Tuesday, targeting the country’s newly prosperous drivers as the industry struggles to recover from Japan’s tsunami.Nissan Motor Co. plans to raise sales by about 15 percent to 1.15 million vehicles this year, said CEO Carlos Ghos
IndustryApril 20, 2011
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Attractive men have long... ring fingers: study
Is your ring finger longer than index finger? (The Korea Herald)PARIS, (AFP) - The longer a man's fourth or ring finger is compared to his index finger, the more likely he is to be judged attractive by women, according to a study released Wednesday.The results, published in the British Royal Society's journal Biological Sciences, unveil intricate links between foetal exposure of males to hormones,
TechnologyApril 20, 2011
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Twitter could be bad for romance: study
(MCT)Twitter users tend to have shorter relationships, an online survey showed. Time Online on Tuesday reported the survey of more than 830,000 people on how they feel about sex. The survey, by dating site OkCupid, showed that the more often people used Twitter, the shorter their relationships were likely to be as they became more self-loving. It also showed that women with curvy bodies tended to
TechnologyApril 20, 2011
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Samsung vs. Apple in copyright showdown
Two of the world’s most prominent IT giants Samsung Electronics and Apple Inc. are poised to fight it out over patent rights.Shortly after Apple said it had sued Samsung for “blatantly copying” its products, Samsung Electronics fired back Samsung would be filing a suit against Apple for copying its communications technology. “We are definitely considering a lawsuit,” said Kim Nam-yong, a spokesman
IndustryApril 19, 2011