The Korea Herald

Volvo recalls 192 cars for faulty fuel, steering systems

Jun 2, 2011

The Ministry of Land, Transport and Maritime Affairs announced Thursday that Volvo Cars Korea is recalling the S60 and XC90. The recall applies to 182 S60 vehicles produced between June 22, 2010 and...
S-Oil to help fund child liver transplants

Jun 2, 2011

S-Oil Corp. said Thursday it has given funds to children in low-income families for their liver transplant surgeries. The country’s third-largest oil refiner has been supporting 26 children sufferin...
Airlines add new routes and planes

Jun 2, 2011

Asiana Airlines opened two new routes to Vietnam from Busan, while Korean Air announced that the Airbus A380 will go into service on June 17. On Thursday, Asiana Airlines began operating daily fligh...
Hyundai Heavy aims to be global top 3 robot maker

Jun 2, 2011

Hyundai Heavy Industries set sights Thursday on the top three spots in the booming global robot market with its new plant ready to enter full-swing production. The world’s top shipbuilder said it ha...
LG chief fosters creation, innovation

Jun 2, 2011

Koo tells staff to ceaselessly search for new opportunities LG Group chairman Koo Bon-moo touted the importance of creation and innovation, as the single most effective way to lead the market, the S...
BAT Korea sells superpremium Dunhill

Jun 2, 2011

British American Tobacco Korea announced Thursday that it will introduce “Dunhill SWITCH” cigarettes on the local market on June 7. The Dunhill SWITCH, which will be priced at 3,000 won ($2.8), come...
Philip Morris Korea names new chief

Jun 2, 2011

Philip Morris International Inc., the multinational tobacco group, said Wednesday it has appointed Chong Il-woo as managing director for the Korean unit. Chong, 49, will oversee management and orche...
Hyundai Heavy gets orders for 2 drill ships

Jun 1, 2011

Hyundai Heavy Industries announced Wednesday that it received orders for two drill ships from the U.S. oil well driller Rowan Companies Inc. The latest contract, worth $1.12 billion, pushes up the n...
Ho-Am awards social contributors

Jun 1, 2011

Ho-Am Foundation on Wednesday held an award ceremony to extend the Ho-Am Prize to four individuals and one institution for their contribution to improving human lives and promoting public welfare. T...
Brand report puts Samsung, three telecoms in top 100

Jun 1, 2011

Samsung Electronics’ handset division was ranked No. 23 this year among world’s telecom brands in a report released by London-based brand evaluation consultancy Brand Finance on Wednesday. In a repo...
SK Group adds 80 billion won to shared growth fund

Jun 1, 2011

SK Group announced Wednesday that it will increase the fund established to support small and medium-sized enterprises by 80 billion won ($74 million) to 230 billion won. The additional funds were ra...
Samsung SDI vows energy supremacy

Jun 1, 2011

Samsung SDI, on Wednesday vowed to become a global energy firm catering to future needs for recyclable energy marking the official takeover of the solar battery business from its sister firm, Samsung...
[Herald Interview] Top stem cell expert urges lower regulatory barriers

Jun 1, 2011

Park Se-pill (Park Hyun-koo/The Korea Herald) The fabricated cloning research by Hwang Woo-suk in 2006 remains a painful memory for Koreans, who had taken pride of their nation’s edge in a field tha...
LGE’s nagging slump puts CEO to the test

Jun 1, 2011

LG Electronics is used to being No. 2. A powerful global electronics brand in its own right, the Seoul-based company has not made it to the highest of peaks. This seemed to be all right, however, as...
China says manufacturing slows in May

Jun 1, 2011

China’s manufacturing expanded at the slowest pace in nine months in May as the government extended a campaign to cool inflation and the property market, a survey of companies indicated. The Purchas...