The Korea Herald

Russian-American buys Warner Music

May 8, 2011

NEW YORK (AFP) ― Russian-American billionaire Len Blavatnik’s Access Industries won a bidding war on Friday for Warner Music Group, buying the storied music company for $3.3 billion in an all-cash tr...
Samsung hires new legal counsel

May 6, 2011

Samsung Electronics hired Cho Jun-hyung, a lawyer that defended the group in the independent counsel case over Samsung, as the flagship unit’s executive vice president earlier this month. Samsung El...
Fuel prices rise again

May 6, 2011

A month of 100 won-price cut has little impact and consumer complaints rise Retail fuel prices in Korea are rebounding on high international oil prices, despite refiners’ price cut of 100 won ($0.09...
KT operating profit increases 61.7% in Q1

May 6, 2011

Korean telecom giant decides to sell its stake in Russian affiliate NTC for $346m KT Corp. said Friday that it posted 5.3 trillion won ($4.88 billion) in sales and 726.3 billion won in operating pro...
KT posts 84.7 pct jump in Q1 earnings

May 6, 2011

KT Corp., South Korea's largest telecom company, said Friday that its first-quarter earnings surged 84.7 percent from one year ago. Net profit reached 555.2 billion won (US$513.6 million) in the Jan...
Economic bodies hail EU FTA ratification

May 5, 2011

By Choi He-suk Local economics organizations praised the National Assembly ratification of the Korea-EU Free Trade Agreement on Wednesday. The EU is Korea’s second largest export destination, and E...
CrucialTec sees shining opportunities in smartphone boom

May 5, 2011

A global smartphone boom is proving to be a significant boon for business for CrucialTec, a Korean maker of optical trackpads widely used in handsets for navigating menus. Optical trackpads detect t...
Redrover quenches thirst for 3-D content

May 5, 2011

Redrover, a Korean brand of optical three-dimensional monitors, is carving out a big chunk of the global 3-D content market, armed with savvy technology and the right ideas. “Our 3-D content is hand...
Korea to step up R&D support for small firms

May 5, 2011

Competitive parts suppliers to receive funding for up to three years South Korea is poised to offer funding for research and development at a total of 50 prospective small-sized local parts and mate...
Businesses expect boost from EU FTA

May 5, 2011

(Speaker Park Hee-tae (upper left) presides over the plenary session for the vote on the Korea-EU free trade agreement in the National Assembly on Wednesday. Yang Dong-chul/The Korea Herald) U.S. sa...
Value of automobile imports to reach 10% of exports

May 4, 2011

The value of the country’s automobile imports may exceed 10 percent of the value of exports for the first time this year. According to industry data, the value of automobiles imported into the count...
STX to offer internships to Saudi Arabian students

May 4, 2011

STX Group is to set up internship programs for Saudi Arabian students, the conglomerate announced Wednesday. The group, the country’s 12th largest business group, signed a memorandum of understandin...
Samsung’s Galaxy S2 gains instant popularity

May 4, 2011

Samsung Electronics’ flagship smartphone Galaxy S2 is creating its sales sensation in the local mobile industry as doubled compared to its previous model. The total number of units sold for the upgr...
SK Group joins no-smoking drive

May 4, 2011

Yet another industrial giant has decided to join the growing number of companies to create a smoke-free working environment. On Wednesday, SK Group, a local energy and telecom giant, said it informe...
[Meet the CEO] Head hunter bolsters global network

May 4, 2011

Honors Career is Korea’s first member of prominent global alliance Local executive search firm Honors Career International is seeking to further bolster its presence in the market through a fresh gl...