Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Korean, Romanian leaders discuss defense tech, nuclear energy
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Samsung, SK hynix investors dump shares on Nvidia crash
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Farmers, producers agree on raw milk price hike
Dairy farmers and milk producers reached a long delayed agreement Tuesday on a hike in the price of raw milk, a move feared to make milk products more expensive and add to inflationary pressure. (Yonhap News)The agreement, effective immediately from Tuesday, calls for raising the average price of ra
Aug. 16, 2011
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Google's patent play: $12.5b for Motorola Mobility
SAN FRANCISCO (AP) -- It may be boldest move yet by a company known for being audacious: Google is spending $12.5 billion to buy Motorola Mobility. But the big prize isn't Motorola's lineup of cellphones, computer tablets and cable set-top boxes. A Motorola Mobility Xoom tablet is shown at Google he
Aug. 16, 2011
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More SMEs warm to shared growth
The number of small and medium sized enterprises positively rating the government-led shared growth drive has almost doubled since the introduction of a comprehensive plan last year, the Ministry of Knowledge Economy said Monday.The government implemented a comprehensive plan for supporting shared g
Aug. 15, 2011
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LGE ships record amount of smartphones
LG Electronics has shipped a record amount of smartphones in the second quarter of this year to step closer to its goal of rejoining the ranks of top-tier phone makers, sources said on Monday. The world’s third-largest handset maker showed a 590 percent increase in its shipment of smartphones in the
Aug. 15, 2011
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Luxury brands sold more despite economic woes
The demand for luxury goods is heating up among deep-pocketed Korean shoppers despite lingering global economic uncertainties, as shown in the sales data from global luxury brands. Sales of Louis Vuitton, Chanel, Hermes, Prada and Gucci in Korea jumped 17 percent to 78.4 billion won ($72.5 million)
Aug. 15, 2011
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Refiners, vendors rage at government
The government is facing fresh controversy as local refiners and gas station owners vent fury at the government’s push to curb fuel prices.The Ministry of Knowledge Economy has been striving to contain runaway petrol prices in the wake of rising inflation.Despite a recent decline amid conc
Aug. 14, 2011
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Hyundai Steel to buy equipment from China Erzhong
Hyundai Steel Co. said Sunday it had forged a contract to buy thick plate rolling mills from China National Erzhong Group Co. for an ongoing project to expand its plant in Dangjin, South Chungcheong Province.Under the deal, the Chinese company will supply 33 billion won ($30.5 million) worth of roll
Aug. 14, 2011
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LGE teams up with government to nurture software personnel
Program invites university students to software research projectsLG Electronics on Sunday said it will be working jointly with the government to help nurture software personnel. Until Aug. 26 the Seoul-based electronics company will receive applications for an IT software research study project in t
Aug. 14, 2011
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Sempio soy sauce replacing salt in Russia
This is the second installment in a series that spotlights Korean products enjoyed by people abroad. ― Ed. Katya, a 38-year-old mother who lives in Vladivostok, Russia, prefers to use soy sauce of Sempio Foods Co., a Korean condiment maker, rather than salt. “Korean soy sauce adds not just saltiness
Aug. 14, 2011
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Ball in Seoul court in Apple vs. Samsung battle
Korean courts to face tough call caught between two rivalsAs Samsung Electronics is poised to appeal the latest decision from a German court to ban the sale of its Galaxy Tab 10.1 in the European Union, all eyes are on the next phase of the patent battle. How the Seoul courts rule will be key in the
Aug. 14, 2011
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Customs nets more excess shoppers
Surge may have been caused by Korea-EU FTA taking effectThe number of travelers purchasing luxury goods in Europe sharply increased after the Korea-EU free trade agreement took effect in July, the customs agency said Sunday. A total of 1,056 people were stopped by customs officials last month as the
Aug. 14, 2011
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‘Turkey hopes to sign FTA with Korea by yearend’
Turkey’s Economy Minister Zafer Caglayan said Friday his country hopes to sign the free trade agreement with Korea on product trading by the end of this year.“We have had our differences regarding product trading in the past, but it seems the issues have been taken care of in various aspects and the
Aug. 12, 2011
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Billionaire Soros' ex-girlfriend files $50m suit
George Soros (Bloomberg)NEW YORK (AP) -- The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50 million lawsuit.Adriana Ferreyr filed the suit in Manhattan court on Wednesday.The 28-year-old Br
Aug. 12, 2011
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Ministry denies report on fuel import from Japan
Officials at the Ministry of Knowledge Economy denied news reports that the government is considering importing petroleum products including gasoline from Japan in a bid to slash fuel prices.“We have no knowledge of petrol imports or any examination underway,” a ministry official told The Korea Hera
Aug. 11, 2011
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Ticket Monster sale signals shift in industry
The selling of No. 1 social commerce giant Ticket Monster is signaling massive restructuring for the local fast-growing market, experts said Thursday. “This incident is deemed to become the beginning of an industrial restructuring,” said Ryu Han-seok, executive director of the TLC Institute, who is
Aug. 11, 2011
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SK Comm. under fire for poor security
Company to unveil additional plan to counteract recent security breachSK Communications said Thursday it is getting ready to release its second set of countermeasures as early as this week, following the country’s worst security breach.On Thursday, police confirmed that a hacker used an Internet Pro
Aug. 11, 2011
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Hyundai’s Genesis, Equus overtake Lexus in U.S. market
South Korea’s leading automaker Hyundai Motor Co. is fast catching up with its rivals in the large luxury car market in the United States, already overtaking Lexus, the luxury brand of Japan’s Toyota Motor Co., a U.S. online magazine said Thursday.In June, Hyundai Motor sold 3,370 units of its Genes
Aug. 11, 2011
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Korean firms sweep global DRAM market
Samsung Electronics Co. and Hynix Semiconductor Inc., the world’s two largest makers of computer memory chips, dominated the global market for dynamic random access memory chips in the second quarter despite a looming global economic slowdown, a report showed Thursday.According to the report by Taiw
Aug. 11, 2011
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SKT, KT introduce new monthly payment plans
Two leading mobile carriers ― SK Telecom and KT Corp. ― are engaged in a price war as both introduced new monthly telecom service payment plans on Thursday, which they claim offer cheaper than existing smartphone service rates.The monthly smartphone payment plans enable customers to choose the numbe
Aug. 11, 2011
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Illegal capital outflow almost triples: data
Illegal capital outflow has almost tripled here over the past five years, a lawmaker revealed Thursday citing the data from Korea Customs Service. A total of 22 cases of assets moving abroad illegally were confirmed last year, up from six in 2006, according to Rep. Kwon Kyoung-seok of the ruling Gra
Aug. 11, 2011