Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Korean Airport Corp. reappoints chief
Sung Si-chul, chief executive and president of Korean Airport Corp., has been reappointed, the state-run airport operator said Thursday.The decision reflects Sung’s achievement in transforming Gimpo International Airport into East Asia’s business hub over the three years, the company said in a state
Aug. 11, 2011
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Ahn favored most as boss
IT guru Ahn Cheol-soo was picked as the boss that salaried workers most want to work under, a survey released Thursday found. Ahn, who founded the computer vaccine developer AhnLab in 1995, one of Korea’s first-generation IT startups, got 46.9 percent of the vote in a survey of 796 salaried workers
Aug. 11, 2011
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More than half of workers had financial problem with colleagues
(MCT)More than half of Korean workers were not paid back money they lent to colleagues, a poll showed on Thursday.According to Recruit, a local online job search engine, about 87.2 percent of the 532 respondents said that they had lent money to colleagues.But about 57.2 percent replied that they had
Aug. 11, 2011
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S. Korea ranks 7th among OECD nations in environmental R&D spending
The rate of environmental research in South Korea's total government budget for research and development activities was 3.31 percent in 2009, the seventh highest among the Organization for Economic Cooperation and Development (OECD) countries, an OECD report showed Thursday.The ratio was also higher
Aug. 11, 2011
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iPads trump oil: Apple is most valuable US company
NEW YORK (AP) -- It doesn't take a visit to the Genius Bar to figure out how Apple became the most valuable company in America.Its lineup of sleek phones, computers and iPods, irresistible to customers even in tough economic times, propelled it to the No. 1 position by market value Wednesday, surpas
Aug. 11, 2011
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Crisis may speed up big trade deals
Although a dreary outlook for the U.S. economy coupled with a rating cut has triggered mayhem throughout the world’s stock markets this week, it may serve as a catalyst for free trade agreements, experts said Wednesday.A spate of grim economic figures stoked fears of a “double-dip” recession. The wo
Aug. 10, 2011
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Ministry upping price pressure on refiners
The government is stepping up pressure on local refiners to lower fuel prices as it recently demanded they disclose their supply prices to individual gas stations. Industry sources said Wednesday that the Ministry of Knowledge Economy has been analyzing the accounting records of some 180 gas station
Aug. 10, 2011
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Hyundai to develop compact battery powered cars in 2014
Korean automakers have set out to develop midsized electric vehicles in a government project to roll out cheaper, eco-friendly and better-performing cars in 2014.A consortium led by Hyundai Motor Co., the country’s top car manufacturer, has signed a deal with the Ministry of Knowledge Economy to est
Aug. 10, 2011
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Milk crisis looms amid stalled price talks
Dairy farmers halted the raw milk supply again on Wednesday, with price talks stalled without agreement. Industry sources predicted that a milk crisis is imminent, saying that current milk reserves would reach their limits within one or two days. Representatives of the government, milk manufacturers
Aug. 10, 2011
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Neowiz Games’ earnings hit record
Neowiz Games Corp., a Korean online game publisher, again broke its highest quarterly earnings record in the second quarter, recording 167.7 billion won ($155.26 million) in sales, up 13 percent from last quarter.The company also posted 26.3 billion won in operating profit and 13.4 billion won in ne
Aug. 10, 2011
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Online associations protest Apple’s in-app purchase fees
Industrial action has been taken against Apple Inc.’s in-app purchase policy, with groups in Korea protesting the procedure which mandates customers and mobile app developers use its payment tool at its App Store.The Korea Internet Corporations Association, joined by the Korea Mobile Internet Busine
Aug. 10, 2011
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Baby boomers reliant on state pension plan
Experts call for more aggressive pension managementTo mark the 58th anniversary of its establishment on Aug. 15, The Korea Herald is publishing a series of articles on the looming retirement of Korean baby boomers and its socioeconomic impact on the nation. The following is the fourth of the eight-p
Aug. 10, 2011
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China’s trade surplus surges to $31.5b
China’s trade surplus surged to $31.5 billion in July, the highest level in more than two years, as exports rose to a record level. Outbound shipments climbed 20.4 percent from a year earlier, compared with the 17 percent median forecast in a Bloomberg News survey of 25 economists. Imports climbed 2
Aug. 10, 2011
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Apple world’s most valuable U.S. firm
NEW YORK (AP) ― Apple briefly surpassed Exxon Mobil on Tuesday as the nation’s most valuable company.The iPhone and iPad maker had the lead for much of the afternoon before its stock closed just behind Exxon’s. The two companies are so close that Apple is likely to keep the top spot soon.Apple Inc.’
Aug. 10, 2011
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Bargain hunters prepare to pounce
Analysts cautiously say it may be good time to invest in Korean stocksThe Korean stock markets this week are the Asian crisis revisited, according to many investors on Tuesday who watched with despair as the main bourse tanked in just 48 hours. None of the nation’s brokerages correctly predicted suc
Aug. 9, 2011
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Obama seeks to reassure faith in U.S. credit
WASHINGTON (AP) ― Eager to calm a nervous nation, President Barack Obama on Monday dismissed an unprecedented downgrade in the nation’s credit rating, insisting investors will stand by the United States even as stock markets plunged. Obama said Washington can fix its ills by showing more political w
Aug. 9, 2011
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Amore Pacific’s overseas sales surge 16 percent
Amore Pacific Corp., the nation’s largest beauty company, said Monday that it has logged 1.3 trillion won ($1.2 billion) in sales in the first half of the year, a 16 percent increase from a year earlier. During the same period, operating profits amounted to 241.5 billion won, up 4 percent, while net
Aug. 9, 2011
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Korea now No. 2 LED producer
Local firms’ bold investment in television production and upbeat global demand turned Korea into the world’s second-largest maker of light-emitting diodes last year, the government said Tuesday.Combined sales of Korean LED manufacturers more than doubled to 6.9 trillion won ($6.35 billion) last year
Aug. 9, 2011
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Ministry’s point man on baby boomers stresses jobs for the old
There are 7.13 million Korean baby boomers who were born between 1955 and 1963, or 14 percent of the total population. They will face difficult financial and social situations after retirement and the government should meet their different demands, Lee Ki-young, director of policy planning for baby
Aug. 9, 2011
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China inflation quickens to 6.5% in July
China’s inflation accelerated to the fastest pace in three years in July, limiting the scope for monetary easing as risks to the global economy mount. Consumer prices climbed 6.5 percent from a year earlier, the Beijing-based National Bureau of Statistics said on its website Tuesday. That was more t
Aug. 9, 2011