Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
Naver’s Line ownership in jeopardy as Japan ups pressure
-
3
South Korea to launch space security center under spy agency
-
4
Hybe refutes Ador CEO Min's denial of breach of trust
-
5
S. Korea, Japan could consider simplified entry agreement: Seoul official
-
6
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
7
[Weekender] How DDP emerged as an icon of Seoul
-
8
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
9
[Herald Interview] Guggenheim Museum makes a push for technology-based art with LG
-
10
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
-
Google, Apple top picks for Korean job seekers
(AP-Yonhap News)Google Inc. and Apple Inc. are the two most sought-after foreign companies among South Korean job applicants, a market survey showed Monday, pointing to their popularity here.According to the latest survey of 1,428 job seekers by SaraminHR Co., 16.7 percent of the respondents selected Google Korea as the most desired company to work at among foreign firms, citing the company’s corp
June 27, 2011
-
Number of Chinese firms here triples in decade
The number of Chinese firms making inroads into the local market has climbed almost three-fold over the past decade, reflecting its expanding presence as Korea’s No. 1 trading partner and the world’s second-largest economy, tax authorities said Monday.The National Tax Service said the number of companies headquartered in mainland China reached 620 as of the end of 2009, up from 225 in 1999. Combin
June 27, 2011
-
Shin Ramyun Black fined for false ads
NongShim, the country’s largest instant noodle maker, was fined 155 million won ($143,022) for deceptive advertising of its latest product, Shin Ramyun Black, the corporate watchdog said Monday.The Fair Trade Commission called the company’s description of the item as an “ideal product meeting the nutrition ratio” misleading and ordered them to fix the advertisement.“Some food manufacturers, of lat
June 27, 2011
-
KT to pursue 3W, LTE as next technologies
Company banking on early 4G network provision along with November launch of LTE serviceKT Corp. said Monday it was aiming to meet the fast-rising demand for wireless data usage by equipping itself with fourth generation wireless broadband and Long Term Evolution technologies.The country’s biggest fixed-line service operator said it would begin servicing the nation’s capital with its 4G LTE network
June 27, 2011
-
Illegal corporate perks back in spotlight
SK, ex-tax official under probe over suspected kickbacksNew light was shed on the problematic practice of former civil servants’ perks on the discovery that an ex-executive at the National Tax Service received sizeable paychecks from local companies.Lee Hee-wan, formerly head of the tax office’s investigative unit is suspected of receiving 3 billion won ($2.7 million) from SK Group’s affiliates fo
June 26, 2011
-
Samsung Electronics wins 2 British consumer awards
Samsung Electronics announced Sunday that it has been named the best manufacturer for portable media and home audio-visual products by U.K.-based “Which?” Magazine. Samsung outstripped other finalists ― Panasonic Corp. and Sony Corp. ― in the “Best Home Audio-Visual Brand” category. “Samsung has a strong presence across many of our product areas we cover,” the judges said. “Its innovation and atte
June 26, 2011
-
Seoul bourse expected to gain ground
South Korea’s stock market is expected to continue its upward movement this week as investor worries over high energy prices may ease and outlooks for major economies could improve, analysts said Saturday.Still, anxiety remains that the debt crisis in Greece might hurt investor sentiment significantly and reverse the market course, they noted.The country’s key stock index, the KOSPI, gained 2.89 p
June 26, 2011
-
S-Oil gets new home in Mapo, Seoul
S-Oil Corp. begins operating out of its new office in Mapo, Seoul, on Monday. This is the first time the company, which previously rented offices in the 63 City building in Yeouido, has set up headquarters in its own building since its establishment in 1976. S-Oil’s new office in Mapo, Seoul. (S-Oil)According to the company, the new building was designed to resemble the square-sailed boat used dur
June 26, 2011
-
Work starts on second Incheon Airport terminal
Work has started on the third phase of the Incheon International Airport expansion plan that will fuel growth of the key Northeast Asian transportation hub, the Incheon International Airport Corp. (IIAC) said Sunday.The state-operated corporation said that it picked blueprints for the airport’s second passenger terminal drawn up by a consortium led by Heerim Architects and Planners Co.It said the
June 26, 2011
-
Samsung Electronics may face penalty for obstruction: FTC
Samsung Electronics may be penalized for obstructing an investigation by the Fair Trade Commission.Sources from the antitrust watchdog said the agency is considering penalties over an incident in March when employees of Samsung Electronics’ Suwon plant barred the commission’s investigators from entering the facility.The investigators had been dispatched to monitor the manufacturing price of mobile
June 26, 2011
-
Hyundai, Kia rank No. 1 in U.S. for mid-size cars
Combined market share of mid-sized sedans made by Hyundai Motor Co. and its sister company Kia Motors Corp. ranked first in the United States last month, industry sources said Sunday.Sources said sales of Hyundai’s popular Sonata sedan reached 22,754 units in May, while Kia sold 7,401 Optima sedans in the one month period. This pushed up market share of the two models to 19.0 percent of all mid-si
June 26, 2011
-
RIM upbeat on Asian growth markets
SINGAPORE (AFP) ― BlackBerry maker Research in Motion is banking on Indonesia and other populous markets for growth in Asia, while it faces intensifying competition worldwide from rivals like the iPhone.The Canadian firm had one of the most prominent stands at the CommunicAsia telecom fair that ended Friday in Singapore, where industry executives gather annually to check out new technology and sea
June 26, 2011
-
Dairy companies fined for price rigging
Firms met regularly to fix cheese prices, antitrust watchdog saysThe nation’s four major dairy companies were fined a combined 10.6 billion won ($9.8 million) for fixing prices of their cheese products, the antitrust agency said on Sunday. Seoul Milk, Maeil Dairies Co., Namyang Dairy Products Co. and Dongwon Dairy Foods were subject to the penalties, the Fair Trade Commission said. Seoul Milk was
June 26, 2011
-
POSCO wins corporate governance award
POSCO, the world’s fourth-largest steelmaker, has been named the company with the best corporate governance structure in Korea.According to the steelmaker, it was so named by the Corporate Governance Service and the Korea Exchange on Friday.The company added that its filling of the audit committee with outside directors and other activities giving enhanced independence to auditors also contributed
June 24, 2011
-
KT told not to dump 2G phone users
The Korea Communications Commission turned down Friday KT Corp.’s proposal to end services for feature phone users by the end of this month.The state telecom regulator said it would defer giving the green light to KT’s scheme which would force what KCC cited as its remaining 810,000 2G mobile phone users to adopt 3G smartphones by the first half of this year.“Let’s put it off the discussion agenda
June 24, 2011
-
SK telink barred from MVNO market
Subsidiary firms of Korea’s mobile carriers are expected to meet resistance in joining the market for mobile virtual network operators as the state watchdog appears wary of letting them do so.In its general meeting on Friday, the Korea Communications Commission agreed to recommend that SK telink, a subsidiary of market leader SK Telecom, hold back from entering the MVNO market.SK telink, a firm in
June 24, 2011
-
EUCCK calls for non-tariff barrier removal
The European Union Chamber of Commerce in Korea is turning up the heat on the Korean government to reduce non-tariff barriers and modify regulations to align them with international standards.On Friday, a week ahead of the tentative implementation of the Korea-EU free trade agreement, the EUCCK published a report outlining non-tariff issues regarding access to the Korean market in 20 categories. S
June 24, 2011
-
Politicians, tycoons in feud over testimony
Friction between politicians and the business community is escalating, fueled by the National Assembly’s plans to call Federation of Korean Industries chairman Huh Chang-soo and other top businessmen to its hearings.At a press conference Tuesday, Huh said that he was opposed to the plans to remove tax benefits for businesses. He criticized policies such as halving university tuition fees as impuls
June 23, 2011
-
Korea to foster local growth engine sectors
The government said Thursday it plans to boost support for growth industries in the country’s provincial metropolitan areas by injecting 285 billion won ($265 million) this year.The program is the latest in a string of projects that the Ministry of Knowledge Economy has pushed since 2009 to develop regional technology hubs.Under the plan, the ministry will fund nearly 20 billion won this year for
June 23, 2011
-
HTC unveils first 4G phone, tablet
HTC on Thursday unveiled its EVO 4G smartphone and Flyer 4G tablet, the first fourth-generation smart devices to hit the nation. Starting July 1, the Taiwan-based smartphone maker will be distributing the phones via KT Corp. Prices have yet to be set. Both the phone and the tablet will be capable of transmitting data at up to three times as fast as current smartphones, HTC said. HTC unveils its EV
June 23, 2011