Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Former IP judge to head KIPI
Pyo Jae-ho, a former chief judge of the Korean Intellectual Property Tribunal, was appointed as the new head of the Korea Institute of Patent Information, KIPI said Tuesday. Pyo Jae-hoKIPI said its board of directors has recently elected Pyo, a patent veteran with more than 10 years of experie
Aug. 9, 2011
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Korean singles think spouse should earn at least $33,000
Korean singles believe ideal annual income of potential partners should be at least $33,000, a poll showed on Wednesday.The research showed that while males wished for partners with annual salary of at least $30,055, females answered that the bottom line should be $37,110.Job Korea, a local online r
Aug. 9, 2011
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Major firms withdrawing from MRO business
Amid rising criticism over an oligopoly in the market, Korea’s large businesses are to keep their hands off affiliates in charge of sourcing spare parts, stationery and repair services for office equipment. SK Group became the latest conglomerate on Sunday to step back from its lucrative procurement
Aug. 8, 2011
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SK launches campaign to prevent future hacking attempts
SK Communications, which runs Nate and Cyworld, said Monday it will start a campaign asking its users to change their passwords to prevent a second possible security breach.Those who have not changed their passwords since the first security breach, which occurred in late July, must make the change t
Aug. 8, 2011
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Cabbage prices fuel kimchi imports
Imports of Korean staple rise by almost 40% on-yearAs prices of locally-produced napa cabbages soared, kimchi exports decreased by more than 10 percent this year, while imports increased by nearly 40 percent, government data found Monday. This year’s outbound shipment of kimchi amounted to 15,614 to
Aug. 8, 2011
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Lotte Mart denies transfer of headquarters to China
Lotte Mart struggled Monday to quell market speculation that the nation’s second-largest retail chain is considering moving its headquarters to China in the near future. According to news reports, Lotte Mart CEO Noh Byung-yong hinted at a potential move to China in a recent meeting with company offi
Aug. 8, 2011
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STX Heavy faces contract breach in Iraq
Company reviewing contract on whether Iraq can legally retract accord on plantSTX Heavy Industries is in danger of losing a 3 trillion won ($2.8 billion) plant construction contract in Iraq due to political turmoil in the Middle Eastern country, industry sources and news reports said Monday. STX, wh
Aug. 8, 2011
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FKI under fire for lobbying activities
The Federation of Korean Industries is facing mounting public backlash after the discovery that it pushed companies to lobby politicians to curb anti-corporate legislation.The country’s central mouthpiece for conglomerates was recently found to have paired some of the nation’s largest companies with
Aug. 8, 2011
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Suggested pricing to prompt hikes for food products
Further price increases for some processed food products appear unavoidable with the revival of the manufacturer’s suggested retail price from this month, industry sources said Sunday.The Ministry of Knowledge Economy announced in June that food products such as instant noodles, snacks and ice cream
Aug. 7, 2011
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Park named CEO of S-LCD
Park Dong-gun, vice president of Samsung Electronics, has become the new chief executive of S-LCD Corporation, a joint venture between the Samsung Group’s flagship unit and Sony Corporation. Park Dong-gunThe company said Saturday that Park will replace the LCD arm’s former CEO Chang Won-
Aug. 7, 2011
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Wall St. plunge could worsen economy’s troubles
WASHINGTON (AP) -- The two-week plunge in stock prices is signaling economic anxiety, but it’s also compounding the problem: Lower stock prices are shrinking Americans’ wealth, rattling their confidence and making them less inclined to spend.And employers may become even slower to hire.The Dow Jones
Aug. 5, 2011
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Samsung’s Lee, wife donate W12 billion to Won Buddhism
Samsung Electronics Chairman Lee Kun-hee and his wife Hong Ra-hee have donated a total of 12 billion won ($11.2 million) since last year to help build a Won-Buddhist temple in New York, industry sources said Friday.Hong is known to be a devoted follower of Won-Buddhism, a Buddhist sect originating from Korea. Lee has no religion. Established in 1916, Won-Buddhism aims to modernize and rejuvenate Buddhism by using conventional teachings for practical purposes.Samsung Electronics Chairman Lee Kun-
Aug. 5, 2011
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Morning named best foreign small car in Germany
Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Morning has been named the best foreign-made small city car and low-cost passenger vehicle in Germany.The car, sold in the European market as the Picanto, ranked first among imported city cars evaluated by Auto Bild and t
Aug. 5, 2011
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Samsung, LG phones stay top in N. America
South Korean mobile phone giants Samsung Electronics Co. and LG Electronics Inc. retained their leading positions in the North American market for a 12th straight quarter in the April-June period, an industry report showed Friday.Samsung, the world’s second-largest cellphone maker, sold 13.8 million
Aug. 5, 2011
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GM surpasses Toyota as largest automaker
General Motors Co. outsold Toyota Motor Corp. globally in the first six months to become the world’s largest automaker after the record March earthquake disrupted production in Japan.GM sales rose 8.9 percent to 4.536 million units in the half-year ended June 30, the Detroit-based automaker said in
Aug. 5, 2011
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French court orders...probe of IMF chief
PARIS (AP) ― A French court on Thursday ordered an investigation into new IMF chief Christine Lagarde’s role in a $400 million arbitration deal in favor of a controversial tycoon.Investigators will open an inquiry this week into possible charges of “complicity to embezzlement of public funds” and “c
Aug. 5, 2011
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Air France ban female staff from serving Strauss-Kahn
Air France had allegedly forbidden female flight attendants from serving the ex-IMF chief as he had sexually harassed the staff, according to reports.Dominique Strauss-Kahn, now accused of attempting to rape a hotel maid in New York, had been harassing female staff on flights so frequently that the
Aug. 5, 2011
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Pilot from missing Asiana aircraft had $1.4 million debt
The missing captain from an aircraft that crashed near Jeju Island last month reportedly had massive debts from guaranteeing a relative’s loan.Speculation concerning the intentionality of the accident was sparked as it was revealed that the pilot had signed up for around seven life insurance policie
Aug. 5, 2011
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Korean inventor considers patent suit against Miller
A Korean inventor is considering a lawsuit against MillerCoors, claiming that the new Miller Lite bottle has copied his patented design, industry sources said Thursday.The Chicago-based brewing company launched last year the Vortex bottle, which has grooves on the inside of the neck. The company exp
Aug. 4, 2011
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Students borrow more from private lenders
Korean students are borrowing dramatically more to pay for college and living expenses, rekindling concerns over heavy debt among young people and business practices of lenders.The Financial Supervisory Service said Thursday as of June, nearly 48,000 university students had taken out loans totaling
Aug. 4, 2011