Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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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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Seoul Metro to seek legal action against malicious complaints
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Golden chance to liquidate babies’ gold rings?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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China inflation rate at 4.9% in February
China’s consumer prices rose 4.9 percent in February from a year earlier, exceeding the government’s 2011 target for a fifth month.The advance was more than the 4.8 percent median forecast in a Bloomberg News survey of 22 economists. In January, the rise was 4.9 percent. The government has a 4 percent inflation target for the full year.Investors are concerned that monetary tightening to tame infla
March 11, 2011
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Oil prices threaten global economy
Pricier oil dampens consumer spending and cuts into economic growthWASHINGTON (AP) ― Higher oil prices are slowing global economic growth, and the impact is likely to spread in coming months.Oil prices helped raise the U.S. trade deficit to a seven-month high in January, when crude prices were $87.50 a barrel. Oil is now trading at more than $100 a barrel, suggesting the gap will widen in coming m
March 11, 2011
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British firm begins work on furnace dust recycling plant
A groundbreaking ceremony was held in Gyeongju on Friday for a furnace dust recycling plant that can help South Korea cut back on zinc imports and costs of burying harmful electric arc furnace dusts (EAFD). The plant, which is being built by Britain's ZincOx Resources PLC in Gyeongju, 370 kilometers southeast of Seoul, will cost around US$250 million, with two recycling facilities to go onlin
March 11, 2011
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Major Korean carriers set to add overseas flights
South Korea's two full-service carriers, Korean Air Lines Co. and Asiana Airlines Inc., said Friday that they are gearing up to increase their overseas flights to meet busy summer season demand. The two carriers plan to raise their overseas flights by a combined 165 flights per week between late this month and the end of October, they said in a statement. The plan is subject to approval by t
March 11, 2011
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Samsung, LG face off in second round of TV war
LG calls Samsung’s bluff, proposing public demonstrationsLG on Thursday touched off a second round in the ongoing 3-D TV war by challenging Samsung to a public demonstration as tension grew between the two rivals who have been engaged in serious bashing over 3-D technology. “It is our wish to see (our) competition come out for a demonstration," said LG Display’s chief executive Kwon Young-soo in a
March 10, 2011
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LGD says Sony mulling use of its 3-D tech
The head of LG Display Co., the world’s No. 2 maker of liquid crystal display (LCD) panels, said Thursday electronics giant Sony Corp. is mulling using its proprietary 3-D panels for the Japanese company’s 3-D TVs.Kwon Young-soo made the remark amid its on-going battle with Samsung Electronics Co. to win the 3-D TV industry standard. LG Display developed the proprietary film patterned retarder (FP
March 10, 2011
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Samsung sets sights on Africa for growth
Samsung Electronics Co., the world’s largest maker of flat-screen TVs by shipments, is pinning its hopes on African countries to fuel sales growth of flat-screen TVs, a company executive said Thursday.“Africa has huge growth potential,” Yoon Boo-keun, president of Samsung’s visual display division, told reporters ahead of his departure to the continent. “Cathode ray tube (CRT) TVs have been mainst
March 10, 2011
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Ministry to review FTA documents, translations
The Ministry of Foreign Affairs and Trade will review the entire text of the Korean-language version of the Korea-EU Free Trade Agreement, and correct any errors found before the provisional session of the National Assembly scheduled to begin in April.“Review will take place over the next three weeks from today until the end of March,” Deputy Trade Minister Choi Seok-young said. “A temporary taskf
March 10, 2011
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SK E&S, Kolon to build steam plant in Gimcheon
SK Energy & Service, a local provider of city gas and electricity, said Thursday it began the construction of a steam power generation plant in Gimcheon, South Gyeongsang Province, together with Kolon Engineering & Construction. The SK E&S and Kolon will jointly invest 250 billion won ($220 million) for the plant which has a capacity to produce 1.5 million tons of steam a year, the firm said. SK
March 10, 2011
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KORES drops bid for Australia coal producer
A consortium led by state-run Korea Resources Corp. has dropped a bid for an Australian coal producer to focus more on other businesses, KORES said Thursday.“Coal is no longer a priority when it comes to our business. We have been concentrating more on developing other minerals such as rare earth metals and lithium lately,” a KORES official told The Korea Herald. The consortium also includes local
March 10, 2011
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Hyundai firms mark founder’s memorial
Hyundai family groups Thursday began 11 days of commemoration for the 10th anniversary of the death of founder Chung Ju-yung.The former Hyundai Group chairman is widely respected for his contribution to Korea’s emergence from a war-torn basket case to an industrial powerhouse. He died from complications brought on by pneumonia on March 21, 2001 at the age of 85 leaving behind a colossal business e
March 10, 2011
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KOTRA to offer consultations to foreign firms
State-run Korea Trade-Investment Agency said Thursday that it will offer visiting consulting services for foreign firms in the country, aiming to boost their investments. “The consulting service is expected to raise the amount of foreign direct investments in the country, as we will visit foreign firms here and try to solve their difficulties from now on,” the trade agency said. The Investment Con
March 10, 2011
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Games industry to benefit from deregulation
But industry officials complain that multiple issues still have to be dealt withAttention is focusing on what impact the revised bill to open up the game market will have on the local gaming industry.The parliamentary legislation committee passed a revised bill on game industry promotions Wednesday, following a two-year delay.According to the revision, games that are designed to be released in an
March 10, 2011
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POSCO chief to head multicultural forum
POSCO chief executive Chung Joon-yang was appointed as the co-chief of the Ministry of Gender Equality and Family’s expert forum on multicultural families, the steelmaker announced Thursday.Chung will head the forum with Chung-Ang University honorary professor Kim Yang-hee. Chung Joon-yangPOSCO said that Chung was selected as the co-chief of the forum, which consists of experts from concerned fiel
March 10, 2011
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Think before you use Twitter and Facebook
There are online and offline manuals telling you how to use Twitter and Facebook, but few tell you what not to post there. You can tell every detail of your life to your friends and family in person, but online, being so open can hurt you because it can be read by anyone, according to Forbes and the Huffington Post. This is why many people in South Korea become hesitant to use these services, as t
March 10, 2011
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Samsung, LG fight for 3-D tech supremacy
Samsung emphasizes smarter online features, LG claims brighter, clearer pictureKorea’s electronics powerhouses, Samsung and LG, are embroiled in a bitter war of words trumpeting the superiority of their 3-D TV technologies. The two top TV makers are pinning high hopes on the next-generation moving picture which promises to create lucrative revenue sources.The battle is becoming increasingly intens
March 10, 2011
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Ssangyong Motor emerges from court protection
Ssangyong Motor Co., Korea‘s smallest automaker, emerged from bankruptcy protection Wednesday following the sale of its stake to Indian utility vehicle maker Mahindra & Mahindra Ltd., the company said in a regulatory filing.Ssangyong, previously owned by China’s Shanghai Automotive Industry Corp., has been under court protection since February 2009 when its Chinese parent abandoned it in the face
March 9, 2011
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South Korea to bolster support for exports of nuclear plants
South Korea plans to bolster the country’s financing capabilities, aiming to back its firms with more plant-building projects overseas, the government said Wednesday. The government said it is planning to launch a task force led by the Ministry of Strategy & Finance, in collaboration with the Ministry of Knowledge Economy and financial institutions such as Financial Services Commission, Ex-Im Bank
March 9, 2011
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Women get executive positions in technology firms
In the early days of her 30-year career, Lee Young-hui, executive vice president for Korea’s telecom titan KT Corp., said that she had to challenge the norm and work hard to earn even things taken for granted by her male colleagues. “I didn’t imagine promotion was possible for women,” Lee told Yonhap News Agency in a recent interview in her office south of Seoul. “Back then, women were not even el
March 9, 2011
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Starbucks’ new word-free logo debuts
SEATTLE (AP) ― Starbucks customers saw something new Tuesday when they sipped their coffee.The Seattle-based company rolled out its new words-free logo Tuesday on all its cups. Signs also changed at a handful of stores, and the new logo will show up on more storefronts in the future.The Associated Press first reported in January that Starbucks was updating its logo and would introduce it this mont
March 9, 2011