Most Popular
-
1
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
2
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
3
DP leader says he will meet Yoon without conditions
-
4
First-ever meeting of president, opposition chief set to finally happen
-
5
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
6
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
7
Experts raise concerns about Japan putting pressure on Naver over Line
-
8
Samsung mobile chief, Google device head meet in Seoul
-
9
More med professors to take day off each week while govt. urges them to stay
-
10
South Korea to launch space security center under spy agency
-
Chrysler beats Ford in Canada as No. 1 light truckmaker
Chrysler Group LLC, benefiting from demand for its fuel-efficient crossover sport-utility vehicles, overtook Ford Motor Co. as the biggest seller of light trucks in Canada this year. Sales of light trucks, a category that includes pickups, minivans and SUVs, grew twice as fast as total auto deliveries in Canada in the first half, helped by growth in construction jobs. Chrysler led deliveries last
July 18, 2011
-
SKT rolls out education platform
Company aims for global expansion of service next yearSK Telecom, the country’s top mobile carrier, has introduced an education platform for tablet PCs called “T Smart Learning,” to be rolled out next month.In partnership with Chungdahm Learning, SKT joined hands with 12 education institutes in Korea, including Daesung, YeaRimDang Publishing, Daekyo, Neungyule Education and Visang to create the co
July 18, 2011
-
SKT wants Hynix to bolster telecom business
SK Telecom’s latest bet for a stake in Hynix Semiconductor is not as reckless as the markets would like to believe. The telecom company’s recent decision to bid for the world’s No.2 memory chipmaker was actually a plan devised by parent company SK Group to gain more leverage in the telecom and handset industry via memory technology, industry sources told The Korea Herald on Monday.“SK knows that h
July 18, 2011
-
Chanel set to cut prices of key products
SEOUL, July 18 (Yonhap) -- French fashion company Chanel S.A. will soon cut prices of its key items such as garments and handbags by up to 10 percent after a free trade pact between South Korea and the European Union (EU) took effect early this month, industry sources said Monday.But the French fashion firm has yet to decide the timing of the price cuts, according to the sources. Under the free tr
July 18, 2011
-
Strained inter-Korean ties unlikely to last: official
Inter-Korean relations are unlikely to remain perpetually tense, a high-level government official said Sunday, signaling that the government is willing to continue efforts to improve ties despite recent troubles caused by the North's disclosure of details of secret talks with the South."The door to dialogue remains open," the official told reporters, requesting not to be named due to the sensitivi
July 17, 2011
-
Lotte candy, drug units to merge
Lotte Confectionary Co. announced Sunday it plans to merge with Lotte Pharm Inc. in a bid to foster synergies in their health food business.The Korean snack and sweets maker will remain the largest stakeholder in its pharmaceutical unit as it already holds a 100 percent share. Lotte Aluminum Co. has a controlling stake in Lotte Confectionary with 15.29 percent.The merger, which needs statutory app
July 17, 2011
-
Iraq key oil player ‘for next 20 years’
BAGHDAD (AFP) ― Iraq will be the key player in international oil politics over the next two decades, the country’s top government official for the energy sector said on Saturday.“If we continue along the path we are on, Iraq will over the next two decades be the country that sets oil policy in the world in terms of price, supply and demand,” Deputy Prime Minister Hussein al-Shahristani said at a c
July 17, 2011
-
U.S. consumer confidence unexpectedly falls
July 17, 2011
-
Most workers stick to domestic travel for vacation
Less than 10 percent of salaried Koreans intend to spend their summer vacation abroad this year, a survey said Sunday.The survey of 600 people by the Korea Chamber of Commerce and Industry comes amid soaring inflationary pressure and global economic uncertainties from possible insolvency of the governments of the United States and several European countries.About 9.6 percent of the respondents sai
July 17, 2011
-
Two KTX trains break down in space of hours
A KTX train was brought to an abrupt halt inside a tunnel near Busan on Sunday, rekindling concerns over the accident-prone Korean high-speed rail system.About 400 passengers were stranded for one hour due to the stoppage believed to have been caused by a defective motor system. Train services from Busan were delayed.The incident occurred around 11:00 a.m. when the Seoul-bound train was passing th
July 17, 2011
-
Galaxy S II launched into the skies
Galaxy S II, Samsung Electronics’ second-generation of Android-powered smartphones, will be sent up to 30 kilometers above ground as part of a “Space Balloon” campaign launched at Samsung’s Japan offices, the company said Friday. Attached to a small balloon, the phone will be launched from the Nevada desert in the U.S. from Friday to Monday for two hours each day. Messages posted on Twitter and Fa
July 15, 2011
-
S&P warns of U.S. downgrade
July 15, 2011
-
Default on debt would increase deficit: Bernanke
Fed chief also tells Senate no immediate stimulus planned for nowWASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers Thursday that they would deliver a “self-inflicted” wound to the nation’s economy by holding up efforts to raise the government’s borrowing limit.The Fed chief also said the central bank had no immediate plans to introduce new stimulus measures, elaboratin
July 15, 2011
-
‘Coca-cola in Pyongyang was a rumor’: official
The Coca-Cola Company officially denied the local news reports on making inroads into the North Korean market.“No representative of The Coca-Cola Company has been in discussions or explored opening up business in Pyongyang, North Korea,“ Kent Landers, a PR official of the company, told the Korea Herald via email on Friday.Meanwhile, Park Chul-soo, president of Chosun Daepoong Group also denied the
July 15, 2011
-
Daum unveils ‘store view,’ first of its kind
Daum Communications, the nation’s second-largest Internet portal, has introduced a new service called “Daum store view” which enables people to view inside registered stores online.Store view shows a 360-degree panorama view of inside the store by clicking air tags on the street view. This means people can virtually experience the interior, seating, layout, menu and prices of the selected store.Th
July 14, 2011
-
Asia emerges as key exhibition market: UFI
Asia’s increasing clout and resilience in the wake of an economic meltdown are steering growth of the exhibition industry, said Paul Woodward, managing director of UFI, the global association of the tradeshow business.Combined with the Pacific islands including Australia and New Zealand, he said the budding sector in Asia has expanded more than 50 percent over the past five years in terms of size
July 14, 2011
-
Hyundai-Kia best-selling car firm in Canada
Hyundai’s Sonata gets top marks in U.S. consumer surveyKorea’s Hyundai Motor Co. and its sister company Kia Motors Corp. ranked as the best-selling passenger carmakers in Canada in the first half of this year, industry sources said Thursday.The two leading automobile makers in South Korea sold a combined 64,671 passenger cars in the North American country in the January-June period for a market sh
July 14, 2011
-
Samsung chip lines ‘not linked to cancer’
GIHEUNG, Gyeonggi Province ― Samsung Electronics’ semiconductor manufacturing lines were not responsible for or directly linked to leukemia and related cancers diagnosed in former company employees, a report by an independent agency showed on Thursday. Representatives of Environ, a U.S.-based consultancy specializing in environmental and health issues, announced the results of the study commission
July 14, 2011
-
Sales at discount outlets rise in June
Sales at Korea’s major discount outlets and department stores rose from a year earlier in June on growing demand for groceries and goods for outdoor activities, a government report showed Thursday.Combined sales of the country’s three major discount outlets rose 2.7 percent in June from the same period last year with those of three leading department stores rising 8.2 percent on-year, according to
July 14, 2011
-
POSCO to buy shares in Canadian coal mine
POSCO, Korea’s leading steelmaker, said Thursday that its Canadian unit will set up a joint venture with Canada’s Fortune Minerals Ltd. to acquire a stake in a Canadian coal mine development project.POSCO said that POSCO Canada Ltd. will invest a total of 181 million Canadian dollars ($189 million) for a 20 percent stake in the Mount Klappan coal project. POSCO will pay 30 million Canadian dollars
July 14, 2011