Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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LSIS completes plant for high voltage valves
LSIS Co.’s plant for the production of high voltage direct current transmission systems was completed on Monday.Located within Busan-Jinhae Free Economic Zone, the facility is the country’s first plant for producing high-voltage direct current transmission equipment.The 110 billion won plant ($97 million) is equipped with facilities for assembling and testing all related equipment, and a production line for thyristor valves, which is an essential component of the transmission system, the company
Oct. 24, 2011
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KT, BC Card seek convergence to lead mobile payment market
Mobile payment services can be an answer to the current controversy over high commission fees for credit card payment, KT chairman Lee Suk-chae said Monday. KT Corp., which became the largest shareholder of BC Card in February, announced in the day the company’s new vision to expand business into mobile payment services. “We would not try to compete with other credit card or communications companies but will offer payment services for them to further grow,” Lee told reporters at KT’s headquarter
Oct. 24, 2011
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Local franchise chains enjoy royalty sales abroad
Tous les Jours on Thursday signed a royalty deal with CBM Corporation Co., a Cambodia-based franchise company, to allow its brand name to be used in the Southeast Asian country. Following the first deal with a Philippine retailer in December, the local bakery chain, operated by CJ Foodville, aims to
Oct. 23, 2011
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Game curfew law one month away, still confuses industry
Range of games, government guideline still not finalizedThe online game industry is still confused about the government’s ban on teenagers accessing online games at night, with it set to take effect in less than a month.Beginning Nov. 20, those under 16 will be prohibited by law from logging onto on
Oct. 23, 2011
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GSK fined for colluding to block sale of generics
GlaxoSmithKline has been fined for colluding with a local drug maker to hinder the generic sale of its anti-emetic Zofran for the past 12 years, antitrust authorities said Sunday. It is the first time that a multinational drug company has been found to offer financial benefits in return for the with
Oct. 23, 2011
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Samsung ahead of Apple in Q3 smartphone sales
Samsung Electronics Co. outpaced Apple Inc. in the global smartphone market by more than 10 million handsets during the third quarter of the year, industry data showed Friday.According to the data, Samsung Electronics sold about 27 million smartphones during the July-to-Sept. period, while Apple’s f
Oct. 21, 2011
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POSCO Q3 sales, profits increase
POSCO’s consolidated net profits for the third quarter of the year fell 78.4 percent from a year to 233 billion won ($203 million), the steelmaker said Friday.Over the same period, POSCO’s consolidated sales and operating profits respectively increased by 51.5 percent and 5.2 percent.The company att
Oct. 21, 2011
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Hyundai Motor buys local life insurer
Hyundai Motor Group, South Korea's second-largest family-owned conglomerate, bought a local life insurer as it moves to expand in financial sector portfolio, business sources said Friday.Financial sources said that Hyundai secured Green Cross Life Insurance for 228.3 billion won ($198.3 million) fro
Oct. 21, 2011
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FTC to step up antitrust probe on large retailers
The Fair Trade Commission plans to intensify its crackdown on major department stores for alleged irregularities in transactions with smaller vendors, its top regulator said Thursday, exerting further pressure for retailers to cut commission fees.“We intend to look into details of dealings between d
Oct. 20, 2011
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KOGAS finds large-scale gas deposit in Mozambique
The state-run Korea Gas Corp. said Thursday it has discovered a natural gas deposit off the coast of Mozambique with a supply sufficient for the country’s needs for a year.The deposit was found at one of four wells in an offshore block in northern Mozambique waters and estimated to hold 15 trillion
Oct. 20, 2011
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Design Korea explores trends and future of design
High school students take pictures of a wooden miniature of a concept car during their visit to Design Korea on Thursday. (Kim Myung-sub/The Korea Herald)Exhibits include breathing system for firefighters, LED desk lampThe ninth annual Design Korea event is under way at the COEX exhibition center i
Oct. 20, 2011
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World TV market set to stagnate in 2011
The global television market is forecast to stagnate this year due to contracted demand in North America and Europe, an industry report showed Thursday.Total global shipments of TVs will likely hold steady at 248 million units this year, according to market researcher DisplaySearch. Liquid crystal d
Oct. 20, 2011
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Korean, French nuke agencies hold public acceptance forum
A seminar hosted by the Korea Nuclear Energy Promotion Agency and the French Atomic Agency on increasing public acceptance of nuclear power plants will take place Friday at the National Assembly.At the seminar, experts from the nuclear industry and media as well as research professionals are to disc
Oct. 20, 2011
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S-Oil sets petrochemicals milestone
Newly opened plant has world’s largest production capacity for para-xylene S-Oil’s newly expanded Onsan Plant in Ulsan was officially opened on Thursday in a ceremony attended by top industry and government officials including President Lee Myung-bak and Khalid Al-Falih, president
Oct. 20, 2011
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FTC intensifies probe into department stores, vendors for unfair biz terms
SEOUL, Oct. 20 (Yonhap) -- South Korea's antitrust watchdog will launch a stepped-up investigation into the business terms of local department stores and vendors as part of efforts to establish a fair trade environment in the retail sector, its head said Thursday.The toughened stance comes after the
Oct. 20, 2011
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Samsung Electronics ranks 22nd global green company: Newsweek
South Korea’s technology giant Samsung Electronics Co. ranked 22nd on a list of the world’s top environment-friendly companies released by the U.S. magazine Newsweek on Wednesday.In the Newsweek Green Global 500 Ranking, Samsung soared 32 notches from its 54th place finish last year, to take the hig
Oct. 19, 2011
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GS chairman stresses crisis management
GS Holdings plans to spin off energy divisionGS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure
Oct. 19, 2011
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KFS leads global drive against deforestation
Senior officials from governments and international organizations attend the opening session of the UNCCD COP 10 in Changwon, South Gyeongsang Province, on Monday. (Yonhap News)Changwon Initiative seeks common standards, increased fundsKorea Forest Service Minister Lee Don-koo on Wednesday vowed to
Oct. 19, 2011
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Robot helpers
Incheon Airport Customs officials stand in line as a robot delivers scissors to cut the tape to appoint robots as promotion agents at the Incheon International Airport on Wednesday. The robots from the Ministry of Knowledge Economy will provide information on entering the country and customs r
Oct. 19, 2011
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Motorola unveils slim smartphone in Korea
Motorola Inc. unveiled its new super-slim smartphone in South Korea on Wednesday in an effort to establish a presence in the market dominated by the Galaxy S and iPhone.Motorola, the biggest U.S. mobile handset maker, said it plans to release its RAZRTM in the domestic market next month. It will be
Oct. 19, 2011