Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Independent gas stations to adopt common brand
Independent gas stations could start operating under a common brand as early as next year, the association of independent gas stations said Thursday.Independent gas stations can sell fuel produced by any of the country’s refiners, as opposed to being tied to a refiner such as GS Caltex or S-Oil.As s
Sept. 15, 2011
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Starbucks hopes instant coffee will cement dominance
Starbucks still is a major player in the Korean market even though local coffee houses are growing rapidly, its Asia Pacific chief Jinlong Wang said Thursday. “We don’t mind if (our competitors) can do better. But we will always offer something unique and different,” he told The Korea Herald. Such c
Sept. 15, 2011
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POSCO signs deal on business in Colombia
POSCO is poised to exploit Colombia’s iron ore and coal deposits as it ratchets up efforts to ensure steady supplies of raw materials and lay a firm footing in the fast-expanding Latin American market.The country’s top steelmaker clinched a deal on Thursday in Seoul to set up a joint venture with Bl
Sept. 15, 2011
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Yeosu Expo nets 100 participant nations
The number of countries confirmed to take part in next year’s international exposition in Yeosu, South Jeolla Province, has reached the target of 100, the event’s organizers announced Thursday.According to the Organizing Committee for Expo 2012 Yeosu Korea, the Philippines recently confirmed its par
Sept. 15, 2011
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Korean Air to deliver aid to Africa
Korean Air announced Thursday that it will provide flights to deliver United Nations aid to famine-stricken regions in Africa.The carrier said that the flights are being operated as part of the U.N. World Food Program, in which it is taking part in collaboration with the Ministry of Foreign Affairs
Sept. 15, 2011
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Koreans marry later than any other Asians
Koreans are choosing to get married later than any other Asians, statistics said. The average age of first marriage for men and women in Korea is 31.8 and 28.9, beating that of the Japanese, 28.90 and 28.8, the Finance Ministry said Thursday.“More women are choosing to get married later, or not gett
Sept. 15, 2011
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Technical problem causes flight delays
A one-hour computer glitch delayed nearly 20 flights on Wednesday morning at Incheon International Airport, the government reported Thursday.Some part of the control systems at the airport’s air traffic center had not functioned properly starting 10:30 a.m., the Ministry of Land, Transport and Marit
Sept. 15, 2011
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Forestry chief seeks N.K’s participation in global forum on desertification
Korea Forest Service Minister Lee Don-koo said he would seek North Korea’s participation in the 10th U.N. Convention to Combat Desertification conference that opens Oct. 10 in Changwon, a southeastern city of South Korea.Speaking at a news conference in Daejeon on Wednesday, Minister Lee said he wil
Sept. 15, 2011
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Korea readies for Changwon Initiative on desertification
Officials and experts from over 190 countries will gather in Korea for UNCCD conferenceMinisters, senior government officials and experts from more than 190 countries will gather in Changwon, South Gyeongsang Province, next month to devise fresh plans to combat desertification.The Korean government,
Sept. 15, 2011
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BASF Korea appoints new head
BASF Korea, the local unit of the global chemicals group, said Thursday it has promoted Shin Woo-sung, head of its human resources division, to new chief executive.Shin, 54, will replace Cho Chin-wook, whose five-year term is expiring on Sept. 30. Shin Woo-sungA graduate of Seoul National Univ
Sept. 15, 2011
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Computer glitch grounds flights at Incheon airport
More than a dozen flights were temporarily delayed Wednesday due to a glitch in the computer system of the air traffic center at Incheon International Airport, the government said Thursday.No accidents or casualties were reported, but it resulted in several flight delays, according to the Ministry o
Sept. 15, 2011
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Market slides as European debt crisis deepens
Seoul stocks tumbled 3.52 percent to 1,749.16 on Wednesday as investors abandoned trade-dependent market assets on the European fiscal saga. The won ended 2.75 percent down against the U.S. dollar at 1,107.8, as investors chased safer assets. It was the biggest daily percentage drop since a 2.76 per
Sept. 14, 2011
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Apple to revise rules on replacing faulty iPhones
An office worker, surnamed Kim, has replaced his iPhone 15 times in the 20 days since he purchased it. Kim’s is not a rare case in Korea, where Apple, the California-based handset maker, has offered a very limited after-sales service policy. Despite frequent glitches and failures, it is difficult fo
Sept. 14, 2011
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Hyundai ups sales forecast to 4m on European ambitions
Hyundai Motor Co. said it expects to post sales of more than 4 million vehicles globally this year, stretching its previous target of 3.9 million on higher hopes for the European market.Unveiling the new generation of the i30 compact at the 2011 Frankfurt Motor Show on Thursday, Hyundai Motor vice c
Sept. 14, 2011
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‘Gender of heirs apparent affects chaebol business’
The gender of heirs apparent can affect the business performance of local conglomerates, research found Sunday. Chaebul.com, a portal following the activities of larger companies, recently analyzed changes in business showings among the nation’s 20 biggest companies in which children of owners were
Sept. 14, 2011
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Local firms play catch-up on social media
Facebook, Twitter, me2day prevail but firms lack two-way interactionsAmid the explosive popularity of mobile computing and new media, a growing number of Korean companies are hitching a ride on the wave of social networking services in one of the world’s most wired countries.Facebook, Twitter and me
Sept. 14, 2011
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Samsung Card to sell stake in affiliate Everland
Samsung Card Co., one of South Korea's leading credit card firms, said Wednesday it plans to sell part of its stake in its unlisted affiliate Samsung Everland Inc., the de facto holding company of Samsung Group.Samsung Card plans to sell a 20.64 percent stake in Samsung Everland and sent requests fo
Sept. 14, 2011
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Firms take more open approach to recruiting in H2
More companies focus on interviews in English, rather than results of written testsThe second-half recruitment drive of local firms has begun in earnest with many of the country’s largest firms including Samsung Group, Hyundai Motor Co. and KT Corp. opening applications.While there is nothing unusua
Sept. 13, 2011
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POSCO to buy Pakistani steelmaker shares
POSCO, the world’s fourth-largest steel producer, is seeking to beef up its presence in South Asia by acquiring shares in a Pakistani steel company.The Korean steel giant said Tuesday it has clinched a deal with Al Tuwairqi Holding Co. of Saudi Arabia to buy a 15.34 percent stake in Tuwairqi Steel M
Sept. 13, 2011
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Doosan Heavy wins desalination plant order from Saudi Arabia
Doosan Heavy Industries & Construction Co. has secured an $80 million deal to build a desalination plant in Saudi Arabia, the country’s leading power equipment maker announced Tuesday. Under the deal with Marafiq, a state-run utility, Doosan will set up a plant to produce 54,000 tons of fresh water
Sept. 13, 2011