Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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IT stocks unlikely to rebound until Q3
Hard-hit Samsung, LG hoping for revival with smart devicesA prolonged underperformance of IT stocks, including Samsung Electronics, seems likely to continue right up until the third quarter.Experts were upbeat about the long-term resilience of the IT sector, but said the second quarter was not going to hold up as well as previously expected.“In general, second quarter earnings will show a decline,
June 21, 2011
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Samsung Electronics enters Japanese LTE market
Samsung Electronics marked its splash into the global fourth-generation telecom market in earnest with a contract for providing long-term-evolution equipment to Japan’s second-largest mobile phone operator.Samsung will be offering its LTE equipment to KDDI to help the firm launch its LTE services starting next year, the Seoul-based electronics company said on Monday.LTE is the fourth-generation of
June 20, 2011
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Softbank aims for world top 10 in 30 years
CEO Son says company will help renewable energy industry through Internet technologyMasayoshi Son, chairman of Softbank Corp., said Monday that the company aims to be listed as one of the world’s top 10 firms in market capitalization in the next 30 years.In a press conference held in downtown Seoul, the 53-year-old chief executive officer said the firms belonging to the top 10 list have changed ra
June 20, 2011
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POSCO listed as world’s most competitive steelmaker for 2nd time
The steelmaker POSCO announced Monday that it was ranked top in the U.S.-based steel industry analysis firm World Steel Dynamics’ World-Class Steelmaker’s list for the second consecutive year. In this year’s report, World Steel Dynamics rated 34 steelmakers in 23 categories including technological capability, profitability and access to raw materials. POSCO scored 8.12 points to take the top spot.
June 20, 2011
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STX to build shipyard in Russia
STX Corp. announced Monday that it signed a memorandum of understanding on building a shipyard for Russia’s state-run shipbuilder United Shipbuilding Corp. at the international economic forum held in St. Petersburg on Friday.Under the agreement, STX, which counts construction and shipbuilders among its subsidiaries, will undertake the $1 billion project to build a shipyard in St. Petersburg. The c
June 20, 2011
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40-hour week means no new mobiles on Saturdays
Mobile retail outlets will not be able to activate new mobile phones on Saturdays starting from next month as the government plans to enforce the 40-hour per week work scheme for smaller workplaces.The country’s three mobile carriers ― SK Telecom, KT Corp. and LG Uplus ― said that electronics systems at the mobile retail outlets will not function on Saturdays beginning July 1.The move comes as the
June 20, 2011
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World Bank sees Korea as global role model
Korea can provide a role model for sustainable growth to other emerging economies, a senior World Bank official said in Seoul on Monday.Inger Andersen, vice president of World Bank’s sustainable development unit, is seeing ample potential in Korea’s human resources and technological prowess. “Korea has a lot to offer,” she said in an interview on the sidelines of the Global Green Growth Summit in
June 20, 2011
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Global forum touts green growth paradigm
Participants share promoting green growth as a fresh driver for future economyPoliticians, scholars and industry leaders Monday touted a global shift toward green growth and called for enhanced cooperation to tackle the environmental challenges facing mankind.About 90 academics, businessmen and officials from 25 national governments and international institutions shared views at the first Global G
June 20, 2011
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Nintendo may fail to replicate Wii success as iPhone games bloom
Takaki Kawatsu, a 33-year-old real estate agent, says he’ll be among Nintendo Co. customers who will pass on the company’s next Wii game console. “I bought the original Wii because it was popular, new and seemed like a great item to have at a party,” said Kawatsu, who owned the game console for four years before selling it three months ago. “This time, there is nothing surprising or fresh.” Kawats
June 20, 2011
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Korea’s public debt soars in first quarter
Korea’s public debt jumped by more than 50 trillion won ($46 billion) in the first quarter of this year as governments and public corporations increased borrowing to meet their financial needs, data showed Sunday.According to the data by the Ministry of Strategy and Finance and the Bank of Korea, debts owed by the central government, provincial administrations, state-invested companies and social
June 19, 2011
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Cnet picks Samsung’s PDP TV as best TV
Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.’s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday.Cnet said the D8000 series, which consists of a string of Samsung’s PDP TV models, outperformed rivals’ products released in the U.S. market this year, according to a Samsung official.Judges of the U.S. review site evaluated desig
June 19, 2011
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Ministry to support small business owners
South Korea will help small business owners and improve welfare for low-income earners to boost domestic demand, said Vice Finance Minister Yim Jong -yong.Ordinary people have real sentiment over the economy lags economic indices, Yim told reporters in Gwacheon. To narrow the gap, the government will prepare policies to support small- to medium-sized businesses and the service and tourism industri
June 19, 2011
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[Herald Interview] Acquity Group eyes partnership with top Korean firms
BEIJING ― Acquity Group is an unfamiliar name to Koreans, but it promises to fundamentally change the landscape of corporate Korea’s online marketing.Exclusive brands do not want their brand value diluted by uniformly stacking their goods on the anonymous virtual shelves of eBay or Amazon, according to George Lu, chairman of Acquity Group.Acquity Group is a U.S. company Lu founded in 2001 to speci
June 19, 2011
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97 Hyundai Motor union staff caught gambling online at work
Hyundai Motor Co. said Sunday it found 97 of its unionized workers in Ulsan and Asan factories logging on to Internet gambling games during work hours.The country’s No. 1 carmaker said 62 employees at its Ulsan plant and 35 employees at its Asan plant were involved in cyber gambling, betting as much as 100 million won ($92,000) in some cases, according to company officials.The online gambling was
June 19, 2011
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4G LTE technology to debut next month
4G mobile phones to be released as early as Sept.The fourth generation telecommunications technology Long Term Evolution is expected to debut next month as two of the country’s mobile carriers are getting ready to launch the service in many cities across the nation.SK Telecom, the country’s top mobile carrier, has announced it will commercialize the technology in Seoul next month by establishing 6
June 19, 2011
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New Internet era beckons with firm domain names
SINGAPORE (AFP) ― The Internet is poised for potentially one of its biggest shakeups in years as an industry body prepares to vote on Monday on a proposal to open up new domain suffixes for private companies.Under the changes to be decided at a meeting in Singapore, businesses would no longer be restricted to the list of generic top level domains that include .com, .net and .org when they apply to
June 19, 2011
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Cnet picks Samsung's PDP TV as best TV of year
SEOUL, June 19 (Yonhap) -- Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.'s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday.Cnet said the D8000 series, which consists of a string of Samsung's PDP TV models, outperformed rivals' products released in the U.S. market this year, according to a Samsung official.Judges of the U.S.
June 19, 2011
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Asiana Airlines to buy 3 Korea Express units
Asiana Airlines Inc. said Friday that it will buy three Korea Express Co. units ― Aas Airport Service, Asiana Airport Development Co. and Kumho Terminal Co. In its regulatory filing, the nation’s second-largest air carrier said it will purchase Kumho Terminal for 255.5 billion won ($235.3 million), Asiana Airport Development for 67.7 billion won and Aas Airport Service for 38.3 billion won. With t
June 17, 2011
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LGE globally launches Optimus 3-D phone
LG Electronics on Friday marked the global launch of its “Optimus 3-D” smartphone, starting with the European markets. The Seoul-based company held a ceremony in Spain to mark the launch and plans to release its phones in 60 countries in Europe. The Optimus 3-D is a smartphone with third-dimensional functions. The phone features a 4.3-inch glasses-free 3-D display that gives users the third-dimens
June 17, 2011
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POSCO to set up processing joint venture in China
POSCO will set up a joint venture with the Chinese steelmaker Tonghua Iron and Steel Group.According to the Korean steelmaker, it has formed an agreement with the Chinese firm to establish an automotive plate processing joint venture with an annual processing capacity of 200,000 tons.The plant will be located in a special economic development zone in Huinan Country in Jilin Province. POSCO will ho
June 16, 2011