Most Popular
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What is Hybe’s next move?
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Hopes rise for possible Gaza truce deal
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Seventeen shows who is the ‘Maestro’ of K-pop in greatest hits album
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Around 50% of people with disabilities aged 65 or above: report
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Near-zero growth predicted in Q3
Economic experts and foreign investment banks say annual economic growth of 3 percent is no longer attainable for Korea, with rising concerns of near-zero growth in the third quarter compared to three months ago.They say on-quarter growth in the three months to September is likely to be close to zero or even negative in the worst case as the eurozone fiscal crisis shows no sign of resolution and the global economic slowdown spreads to emerging economies such as China.Korea’s on-quarter gross dom
Aug. 15, 2012
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Asan Nanum Foundation awards promising young entrepreneurs
The Asan Nanum Foundation announced Tuesday that it has selected the winners of its first annual entrepreneurship competition that commemorates Chung Ju-yung, the late founder of Hyundai Group. “Through the competition we became certain that what young people truly desire is not government-granted financial assistance, but the free ground to make decisions and exert their own potential,” said Rep. Chung Mong-joon, who is one of the sons of Hyundai Group’s founder and set up the charity organizat
Aug. 15, 2012
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Kumho helps Vietnam worker
Kumho Tire has provided an injured Vietnamese worker with months of rehabilitation and medical treatment, so that he can return to work at the company’s plant in the Southeast Asian country and support his family, company officials said on Wednesday.The officials said Kumho Group chairman Park Sam-koo gave full support to Truong Vinh Thuan, who was at risk of being permanently paralyzed after a work accident in April.The worker was operating the power system at the Vietnamese plant when the top
Aug. 15, 2012
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Scorching summer, Olympics beat recession in tourism
The number of Korean vacationers leaving the country made a steep increase despite the economic slowdown at home, the nation’s two leading travel agencies said on Tuesday. Hanatour Service Inc. and Modetour agreed that the unusual heat is driving people away to the beaches in the Americas and Southeast Asia for a cool summer. The Olympic Games boosted summer breaks in Europe as well, they said. According to statistics from the two tourism giants, the number of vacationers who used these two agen
Aug. 14, 2012
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Bumpy road expected for China FTA
Seoul remains divided over benefits and drawbacks from the free trade pactThis is the fourth in a series of articles to mark the 20th anniversary of diplomatic ties between South Korea and China. ― Ed.With discussions on a free trade agreement between South Korea and China in full swing, some doubt how much the deal might benefit Korea. After initiating a joint research project in 2005, the neighboring countries kicked off the first round of negotiations in May in Beijing and the second round on
Aug. 14, 2012
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Are your employees ‘sustainably engaged’?
A recent OECD survey found that Koreans work the longest hours per year (2,193 hours) among OECD countries. The OECD average stands at mere 1,749 hours. However, working long hours is not necessarily linked to higher productivity.In fact, SAS, a software company well-known for its great working environment, recommends its engineers to work strictly eight hours as it is more costly to find and correct errors made by disengaged or overworked engineers. Similarly, Towers Watson’s recent employee su
Aug. 14, 2012
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Seoul shares open higher on tech gains
Korean stocks got off to a strong start on Tuesday, led by gains in large-cap shares, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.1 points, or 0.88 percent, to 1,949.54 in the first 15 minutes of trading.Blue chips gained ground across the board, with market bellwether Samsung Electronics adding 0.45 percent and leading carmaker Hyundai Motor gaining 0.81 percent.
Aug. 14, 2012
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Korea-China economic ties face new opportunities, challenges
This is the third in a series of articles to mark the 20th anniversary of diplomatic ties between South Korea and China. ― Ed.The economic interdependence between Korea and China has grown rapidly ever since the two countries established diplomatic ties 20 years ago and is expected to increase further despite changing circumstances. The two-way trade volume has snowballed nearly 35-fold since 1992, making China Korea’s biggest trading partner.Both being export-driven economies, Korea and China s
Aug. 13, 2012
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Herald presents new corporate identity, vision
‘Re-imagine! Life beyond Media’ slogan represents Herald’s futureHerald Corp., the parent company of The Korea Herald, will present its new corporate identity focused on “Life beyond Media.”Aiming to be at the center of consumers’ lives by taking on new projects like eco-friendly manufacturing and distribution, it expects to grow to 10 times its current size within a decade, its officials said.The firm has also changed its company name from Herald Media to Herald Corp. to emphasize its goal to e
Aug. 13, 2012
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Asiana, G-market expand mileage point system
Asiana Airlines signed a memorandum of understanding with the nation’s leading online auction and commerce site G-market on adding a new flight mileage policy on Monday.According to the expanded mileage policy starting from Aug. 13, G-market customers who enter the e-shopping site directly at www.gmarket.co.kr can accumulate mileage points that correspond to the amount of their purchase. The new mileage policy is compatible with other G-market offers such as “G Mileage” and “G Stamp.”Before the
Aug. 13, 2012
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College-educated workers exceed 10 million mark
The number of Korean employees with college degrees surpassed the 10 million mark in the second quarter, data showed Monday, indicating the country’s zeal for education.The number of college graduates on the payroll amounted to 10.2 million in the second quarter, up 4.8 percent or 464,000 from the previous year, according to data by the state-run statistics agency.The figures include graduates from two-year community colleges and four-year universities and those who complete graduate school degr
Aug. 13, 2012
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Radical weather changes reshape agricultural map
Mandarin oranges, apples, grapes moving north due to rising temperaturesKorea’s agricultural map is seeing drastic changes, with mandarin oranges growing north of Jeju Island, as the country increasingly experiences subtropical weather.The concept of regional specialties such as Jeju tangerines, Cheongdo peaches, Gyeongsan grapes and Daegu apples has lost meaning as the boundaries for crop cultivation have migrated northward due to rising temperatures.It has already been several years since tang
Aug. 13, 2012
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Foreign car companies, builder run English camps
Multinational auto and construction equipment makers have started running English summer camps for their employees’ children. The purpose is to heighten workers’ sense of pride and devotion to the company and also to help their children develop global mindsets.Volvo Construction Equipment Korea kicked off the “2012 Volvo Super Junior Camp” at its Pyeongtaek education center, scheduled to run to Aug. 15. About 120 children are participating, the company said.Company officials said the program aim
Aug. 13, 2012
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Seoul shares slip 0.72 percent after rally
South Korean stocks closed 0.72 percent lower on Monday as investors stepped to the sidelines following last week's five-session winning streak, analysts said.The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) dipped 13.96 points to 1,932.44. Trading volume was moderate at 348 million shares worth 3.1 trillion won ($2.7 billion), with decliners
Aug. 13, 2012
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Seoul shares open lower following rally
South Korean stocks got off to a weak start on Monday as investors took a breather after a five-session winning streak, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) slipped 5.58 points, or 0.29 percent, to 1,940.82 in the first 15 minutes of trading.Blue chips were mixed. Market bellwether Samsung Electronics slumped 1.34 percent and top steelmaker POSCO fell 0.78 percent.
Aug. 13, 2012
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KFS joins forces with the world for green growth
Government reaches out beyond borders to make the Earth greenerIt is now high-tech gadgets and automobiles that make Korea a global model of success, but the nation’s original start-from-scratch story lies within its forests. Korea made itself green out of the rubble of the Korean War, and its reforestation garnered much praise from around the world. As Lester Brown, a well-known U.S. environmental analyst, once said, “South Korea is a reforestation model for the world. We can reforest the earth
Aug. 12, 2012
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‘AFoCO to help drive global green growth’
Minister Lee says Korea’s successful forest rehabilitation will be shared through the global organizationThe establishment of the Asian Forest Cooperation Organization, or AFoCO, was made in accordance with the agreement between the governments of Korea and the member states of Association of Southeast Asian Nations on forest cooperation. Minister Lee Don-koo of the Korea Forest Service expressed that “the milestone of successful rehabilitation of Korea’s degraded land will be shared with the wo
Aug. 12, 2012
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Seoul shares rises 0.30 percent on stimulus hopes
South Korean stocks closed marginally higher on Friday, as investors held onto an anticipation that major central banks will roll out a set of stimulus measures to boost economic growth, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.81 points to finish at 1,946.40. Trading volume was moderate at 320.8 million shares wo
Aug. 10, 2012
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Korean Air demands plastic surgery clinic alter uniform
Korean Air has demanded a plastic surgery clinic change the design of its staff’s uniform, claiming that it closely resembles that of its flight attendants.The nation’s flag carrier said it sent a certified letter on Tuesday to the medical clinic in Gangnam, southern Seoul, indicating that it could bring the matter to court for design patent theft. “The uniform really accounts for the brand image of a company, and they (the clinic) have plagiarized our design against the protective law on design
Aug. 9, 2012
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Yeosu Declaration to build on momentum of Rio+20 Conference
Oceans are the quintessential sustainable development issue, essential to all three pillars of sustainable development ― economic development, social development and environmental protection. Oceans provide critical social, economic and nutritional benefits, providing billions of people with nutrition and livelihood, and underpin the global economy. Just as one cannot do without a healthy heart, the world cannot do without a healthy ocean.This is an important year for oceans. The momentous Rio+2
Aug. 9, 2012