Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Shinsegae store tops W1tr in turnover
Shinsegae Department Store announced Monday that its Gangnam branch became Korea’s second retail outlet to surpass the threshold of 1 trillion won ($894.1 million) in sales last year. The branch store in southern Seoul registered 1.09 trillion won in revenue, about 18 percent up from 920 billion won in 2009, the company said.Korea’s retail industry is estimated to have grown 7-8 percent in 2010 as
Jan. 10, 2011
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Korea Express eyes W2.35tr in sales
Korea Express Co., Korea’s largest logistics firm, said Monday that it is seeking to post 2.35 trillion won ($2.09 billion) in sales this year, up around 10 percent from last year.The company is also targeting an operating income of 157 billion won in 2011.Last year, Korea Express was estimated to have logged an operating income of 130 billion won on sales of 2.16 trillion won.Major shareholders o
Jan. 10, 2011
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China's mobile phone users top 850 mln in 2010
HONG KONG -- The number of mobile phone subscribers in China exceeded 850 million last year as more Chinese people began to consider mobile phones everyday necessities, a government report showed Monday. The net addition of Chinese mobile users reached a record high of more than 100 million in 2010 alone, according to the report from the Chinese Ministry of Industry and Information Technology
Jan. 10, 2011
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W790 coffee touches off price war
A fresh price war among coffee vendors looms as a domestic franchised shop began to sell its standard product at close to one-fifth the market price last week.Manoffin, owned by popular local pizza franchise Mr. Pizza Corp., offers Hawaiian Kona coffee, one of the most popular brands here, at 790 won ($0.70) per cup. This price is far lower than its peers from Starbucks, Coffee Bean and other bran
Jan. 10, 2011
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Samsung heir supports father’s pledge on change
LAS VEGAS ― Samsung Electronics’ heir apparent Lee Jae-yong on Friday strongly supported his father Lee Kun-hee’s drive for challenge and change. “(Chairman Lee) is someone who is constantly mounts new challenges,” Lee said from Las Vegas where he was attending the Consumer Electronics Show, the largest electronics tradeshow in the world. “Also, the chairman has DNA that makes it unbearable for hi
Jan. 10, 2011
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Time to get back to basics: LGE chief
Koo pledges to create ‘tougher work culture’LAS VEGAS ― Koo Bon-joon’s distress over his new charge, LG Electronics, was palpable throughout the brisk speech he delivered on the sidelines of the world’s largest electronics fair. “Our basics have been significantly undermined,” Koo, vice chairman of the company, said at a briefing to the Korean press while attending the Consumer Electronics Show. R
Jan. 10, 2011
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LG Chem technology not leaked in Renault case
LG Chem Ltd. said on Sunday that its battery technology was not part of information suspected to have been leaked by Renault SA officials. An official at the Korean company said that the three officials at the French carmaker who are accused of leaking Renault's secrets didn't have access to LG Chem's battery technology. "The officials are not involved in the LG Chem-related business and Renault'
Jan. 9, 2011
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Tablets crowd CES, chasing iPad’s tail
Working with high-speed data network may be key to success in the tablet spaceLAS VEGAS (AP) ― Big tablets and small tablets, white ones and black ones. Cheap ones and expensive ones. Brand names famous and obscure are at the starting line of a race where the iPad is already a speeding dot on the horizon.It’s impossible to walk the floor at this year’s International Consumer Electronics Show witho
Jan. 9, 2011
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Internet connectivity is top tech trend: CEA head
LAS VEGAS ― Internet connectivity in electronic devices was clearly a major theme for this year’s Consumer Electronics Show, according to Gary Shapiro, president and CEO of the Consumer Electronics Association. His organization owns and is responsible for the production of CES, the world’s largest electronics tradeshow held in Las Vegas annually to a bustling crowd of eager buyers. “In terms of tr
Jan. 9, 2011
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Samsung sales top W150 trillion
Operating profit for 2010 increases 58.1%Samsung Electronics saw its yearly sales reach an all-time high to post 150 trillion won ($133.9 billion), buoyed by marked growth in the field of semiconductor sales. The country’s largest electronics firm said Friday that it recorded 41 trillion won in sales and 3 trillion won in operating profit for the fourth quarter of last year, leading to yearly sale
Jan. 7, 2011
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Skype offers upgraded video calling
Skype, the leading internet calls operator, said Friday that it updated its software for enterprises with Group Video Calling which enables the participation of a maximum of 10 people.The business version of Skype intends to become a communication platform that could have individuals interact in real-time over high quality audio and video, conference calling and instant messages, according to Skyp
Jan. 7, 2011
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Verizon reveals first 4G wireless gadgets
LAS VEGAS (AP) ― This year, the big national wireless carriers will be racing to stake their claims in the new frontier of service: ultra-fast data access ― for smart phones and laptops as well as for gadgets like tablets.The companies are boosting their wireless data speeds and revving up the marketing hype. They’re moving away from talking about call quality and coverage, and focusing on data sp
Jan. 7, 2011
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Samsung Q4 profit misses market estimates
Samsung Electronics Co., the world's largest maker of memory chips and liquid-crystal display (LCD) panels, estimated Friday that its operating profit for the October-December period fell below market estimates, as prices of its mainstay memory chips and LCD panels plunged on sluggish demand. Samsung put its fourth-quarter operating profit at 3 trillion won ($2.67 billion), down 12.8 percent fr
Jan. 7, 2011
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Korea’s kimchi exports reach $98.4m in 2010
Korea kimchi exports rose 10 percent on-year to $98.4 million last year thanks to solid overseas demand for the spicy fermented side dish, the government said Thursday.The Ministry for Food, Agriculture, Forestry and Fisheries said the outbound shipment total was the second-highest annual figure after the $102.7 million reported for 2004.The annual increase is noteworthy because problems in supply
Jan. 6, 2011
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Korea remains strong stock investment magnet
Korea’s stock market lured nearly 30 percent of foreign equity funds poured into emerging Asian countries last year, becoming the second-biggest investment destination after India, a report showed Thursday.Foreign investors bought a net $18.9 billion of domestic shares in 2010, representing 29.7 percent of the total $63.9 billion in foreign net purchases among seven key emerging markets in the Asi
Jan. 6, 2011
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U.S. private-sector jobs boom stokes hope
Private-payroll report lifts hopes for more hiring despite skepticism over ADP's dataWASHINGTON (AP) ― Companies added nearly 300,000 jobs in December, according to an unofficial count by a private payroll firm ― more than in any month in the past decade. The news raised hopes that the government’s official report Friday on last month’s job creation could be a blockbuster.While there were reasons
Jan. 6, 2011
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Korea to spend W1tr on new, renewable energy sources
South Korea plans to inject 1 trillion won ($900 million) into developing new and renewable energy sources this year with a plan to achieve $40 billion in exports in the sector by 2015, the Ministry of Knowledge Economy said Thursday.“The move came as we aim to nurture solar and wind power generation as the country’s next chip industry and shipbuilding industry, respectively,” ministry officials s
Jan. 6, 2011
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KT joins move to activate 3-D content
KT Corp., the country’s biggest fixed-line operator, said that it will join the Asian branch of the International 3-D Society as the Korean chair Thursday.With the goal of activating 3-D stereo-scopic image projects, the Asian branch will be joined by representatives from Korea, Japan and China, according to KT officials.It will focus on activities like developing 3-D related technical education p
Jan. 6, 2011
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STX to build coal power stations
STX Energy signed an agreement to collaborate in building two coal-fired power plants with the Korea East-West Power Co. on Thursday.Under the agreement, the companies will build two 500 megawatt power plants in Donghae, Gangwon Province with an estimated cost of 2 trillion won ($1.78 billion). The first of the two plants is scheduled to go into operation in December 2014, while the second plant i
Jan. 6, 2011
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Asiana Airlines to introduce 6 Airbus A380-800s by 2017
Asiana Airlines, the country’s No. 2 air carrier, said on Thursday that it sealed a deal with Airbus to introduce six A380-800 planes by 2017.Starting from 2014, Asiana Airlines will bring in European manufacturer Airbus’ upgraded and environmentally friendly airplane which is planned to be used for long-term routes to the Americas and Europe. A380-800 airplane (Asiana Airlines)“The introduction o
Jan. 6, 2011