Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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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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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Income inequality in rural Korea hits record high
Income inequality in rural South Korea reached its worst level in 2011 due largely to the government’s misguided agricultural policies, a report showed Thursday.The top 20 percent of the rural households earned an average of 74.62 million won ($68,400) in 2011, a whopping 12.3 times the 6.09 million won for the bottom 20 percent, according to the report released by Rep. Hwang Ju-hong of the main opposition Democratic United Party.The income gap between the two brackets was much larger than 9.7 t
Nov. 1, 2012
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Korea's consumer prices gain 2.1 pct on-year in Oct.
South Korea's consumer prices grew at the fastest pace in four months in October due mainly to an increase in prices of farm products, a government report showed Thursday.The country's consumer prices index rose 2.1 percent in October from a year earlier, compared with a 2 percent on-year gain in the previous month, according to the report by Statistics Korea. The index fell 0.1 percent from September when the consumer prices rose 0.7 percent on-month.The so-called core inflation, which excludes
Nov. 1, 2012
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Korea, China resume free trade negotiations
Korea and China began their fourth round of negotiations on a free trade agreement on Tuesday amid growing attention to whether the two sides will be able to draw up negotiation guidelines for each industry sector.During the three-day meeting that runs through Thursday in Gyeongju, North Gyeongsang Province, the two countries will discuss various issues including the classification of so-called “sensitive products,” Seoul’s Trade Ministry said.During the previous round of FTA talks, the two side
Oct. 30, 2012
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Restructuring may spread to more firms
Restructuring by POSCO and Hyundai Heavy, both of which are domestic market leaders in their respective industries, is raising alerts on the spillover effect to other big businesses. POSCO, the nation’s top steelmaker and eighth-largest business group by assets, confirmed on Tuesday that it has recently put its three retail companies on sale in a bid to clear off non-core businesses by the year-end. Retail businesses to be auctioned allegedly in the form of a package deal include Diamond Plaza,
Oct. 30, 2012
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Japanese electronics firms weather a crisis
Japanese electronics makers have continued to show lackluster performance since the global financial crisis. In 2011, Japan’s eight largest electronics makers recorded huge losses of 1.1 trillion yen ($13.8 billion), with global companies like Sony, Sharp and Panasonic restructuring their businesses. There are exceptions however. These include Hitachi, Toshiba and Mitsubishi Electric, the three general electronics firms. Hitachi’s current account surplus last year was 347 billion yen, up 45 perc
Oct. 30, 2012
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Advertisements a platform for communication and sympathy
Now is an era of communication and sympathy. It has become important for different individuals and groups to communicate and sympathize with one another in every area of modern life including politics, economics and culture. To better communicate with each other, it is essential to place oneself in others’ shoes instead of relying on simple one-way communication. An advertisement is the strongest tool for a company to communicate with its clients. Consumers build a certain notion about a product
Oct. 30, 2012
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IBK: For everyone, not only business
We thank The Korea Herald and the judges for choosing IBK’s corporate PR commercial, “Everyone’s Bank.”IBK is working every day to support companies both large and small, while offering customer-friendly financial services to become a bank that everyone and anyone in Korea can do business with. We hope that based on such efforts, we can step even closer to our customers. We know that there are still those who mistake IBK as a bank for corporations because of our company name ― the Industrial Ban
Oct. 30, 2012
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Harmony of ‘humanity and technology’
We all share the childhood experience of dreaming about the future through drawing all sorts of imaginary things and watching science fiction movies. But when we think of it now, we are already experiencing most of these things that seemed so distant, so futuristic back then. Now we can enjoy vivid video calls through small mobile phones, and make purchases without having to carry wallets. We are now living in world of dreams, where our children can go to school and take lessons taught by robots
Oct. 30, 2012
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KIS takes the lead in serving investors
Our target audience was overseas investors who were searching for investment opportunities in the Korean financial market. The fundamentals of the Korean economy received a boost with the recent upgrade in our sovereign rating, and interest from overseas investors has been buoyed. Faced with the changing tides in the world of finance and economy, we felt the time was right for a commercial that could properly introduce the strength and value of our company to investors seeking new opportunities
Oct. 30, 2012
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SK Broadband values clients
In this age of convergence, we have been making our utmost efforts to consolidate SK Broadband as the new leader of the global mobile service market, and provide happiness and infinite value to our client. Leading technological trends around the world, SK Broadband was the world’s first to succeed in commercializing a super-fast digital subscriber line called ADSL back in 1999. In 2006, it provided settled the nation’s first VOD based on IPTV services. With a new wired service brand “B,” we have
Oct. 30, 2012
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Doosan cares about human resources
Four years have passed since Doosan launched a corporate PR campaign called “Our People, Our Tomorrow.”The ad campaign that stresses the importance of human resources is based on Doosan’s corporate philosophy.The central theme of the campaign is “Caring Meritocracy,” which means making efforts to improve performance by sympathetic relations between the company and its employees. That approach is in contrast with the general perception of a cold hearted focus on company performance.Through this a
Oct. 30, 2012
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LG DIOS puts priority on customer-first value
The V9100 home refrigerator has five doors and an internal storage capacity with 910 liters, the world’s largest of its kind.The refrigerator is armed with high technologies developed by LG Electronics. Also, its unique “Lady First System” made through advice from housewife customers well reflects LG’s value in prioritizing customersWe had difficulties choosing the message of our advertisement because the refrigerator has many high-tech functions. This is why we made a two-part commercial ad.In
Oct. 30, 2012
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Korea's current account surplus widens in Sept.
South Korea's current account surplus widened in September from the previous month as exports expanded at a faster rate than imports weathering the local currency's gain, the central bank said Tuesday.The current account surplus reached US$6.07 billion in September, up from a revised $2.5 billion in the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.The September figure was the largest monthly surplus since a record high of
Oct. 30, 2012
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Over 40% of Korean adults have been to university
About 40 percent of South Korean adults have attended college or university, according to recent research, a significant jump from 7 percent 40 years ago. Statistics Korea announced on Monday that 43.2 percent (15.87 million) of the total adult population (36.7 million) in 2010 had attended college or university. The number includes dropouts and recipients who did not yet earn their diplomas. In 1970, only 6.6 percent (0.99 million) among the total adult population of 15.1 million were college o
Oct. 29, 2012
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Opaque, top-down system leaves some expats bitter
Last year saw the total number of foreign workers in Korea surpass 700,000 for the first time, a consequence of an ever-rising demand for foreign labor. For many, Korea offers the chance to earn a living and acquire new skills in an exciting new environment. For others, however, thriving in a work culture often vastly different from their own is a constant struggle.One skilled worker from India found the rigid, hierarchal company culture at his workplace, one of the country’s biggest semiconduct
Oct. 29, 2012
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Eco-innovation awareness in Asian SMEs remains low
A survey found that Asian SMEs have a lack of understanding of eco-innovation and more active public engagement about eco-innovation will be needed in Asia. ASEIC conducted the pilot survey in 2011 to get a better idea of the status of eco-innovation in SMEs in ASEM member countries. The pilot survey used a random sample of 1,180 SMEs across 12 ASEM member countries. The 12 ASEM member countries are China, Japan, India, Indonesia, South Korea and Vietnam in Asia and Austria, Denmark, France, Ger
Oct. 29, 2012
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ASEIC’s path to the future
I was very pleased to hear that Korea was selected as the host country of the secretariat for the United Nations Green Climate Fund, or GCF, which will play an important role in addressing climate change worldwide. I know that Korea still has a long way to go, but it made me very proud as being named the host of the GCF clearly indicates that Korea has become a leader in global green growth. Korea deserves credit for becoming the home to the GCF. Many sectors of the nation have been pursuing gre
Oct. 29, 2012
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Korea leads driving eco-innovation for SMEs of ASEM
For the past four years, Korea has made contributions to bridging between developed and developing countries in many sectors, ranging from political to business areas. Green growth is one such sector as the nation has taken a leading role globally by adopting green growth as one of its key development strategies for the first time in the world in 2009. In line with a vision for a green future, the Small and Medium Business Administration under the Ministry of Knowledge Economy has made contribut
Oct. 29, 2012
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Seoul shares open higher on improved U.S. data
South Korean stocks opened higher Monday as investor sentiment was boosted by the better-than-expected gross domestic product growth in the U.S. in the third quarter, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.58 percent, or 10.93 points, to 1,902.36 in the first 15 minutes of trading.Shares gathered ground across the board, with market bellwether Samsung Electronics Co. gaining 0.54 percent while top automaker Hyundai Motor Co. added 0.22 percent. Leading steel
Oct. 29, 2012
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Uljin nuclear reactor shuts down on malfunction
ULJIN (Yonhap News) ― A nuclear power generator in the southeast came to a halt early Sunday morning due to a problem related to its turbine control system, but no radioactive leak has been reported, its operators said.The Reactor-2 at Uljin Nuclear Power Plant in this southeastern region of the country automatically shut down at about 2:45 a.m., according to the operators. The reactor stopped after a problem was detected in a system designed to supply steam into turbines. That problem also forc
Oct. 28, 2012