The Korea Herald

Citigroup cuts KOSPI mid-year target

Mar 8, 2011

Korea’s KOSPI Index, which posted its biggest monthly decline in two years last month, had its mid-year target cut at Citigroup Inc. on concern higher oil prices will hurt corporate profits. The mid...
Kia China venture to enhance research

Mar 8, 2011

Kia Motors Corp.’s China venture will invest about $150 million on a research and development center to produce its own brand of cars, according to the parent of the Chinese partner. The venture, Do...
GS head stresses technology, mutual growth

Mar 8, 2011

GS Group chairman Huh Chang-soo stressed the significance of original technology and mutual growth with suppliers on Tuesday during his visit to a GS Caltex lubricants plant in Incheon, Gyeonggi Prov...
Yuhan-Kimberly gets organic certification

Mar 8, 2011

The Anyday feminine hygiene product brand from Yuhan-Kimberly has received eco-friendly certification for five consecutive years. The Well-being Certification, granted by Korea Management Associatio...
‘China faces 60% risk of bank crisis by 2013’

Mar 8, 2011

China faces a 60 percent risk of a banking crisis by mid-2013 in the aftermath of record lending and surging property prices, according to a Fitch Ratings gauge. Fitch sees the risk of “holes in ban...
Car output rise in February

Mar 7, 2011

Output of five automakers in Korea rose 6.4 percent on-year in February with strong demand at home and abroad also keeping their sales humming, an industry group said Monday. Led by industry leader ...
Asian economies in danger of ‘overheating’

Mar 7, 2011

Experts warn subsidy spree may store up trouble for the future KUALA LUMPUR (AFP) ― As prices of food and fuel reach historic highs, Asian nations with a wary eye on Middle East uprisings are doling...
Social commerce giant Groupon to launch here

Mar 7, 2011

Groupon, a U.S.-based social commerce firm, announced Monday that it will launch here next Monday further fanning competition over the increasingly popular form of cyber-shopping. Ahead of its offic...
Korea ups rare earth reserve target

Mar 7, 2011

South Korea is to increase its rare earth reserves to around 1,500 tons by 2014 amid fierce global competition to ensure a stable supply. The new target for a group of 17 scarce metals key to mobile...
POSCO picked as most admired firm

Mar 7, 2011

The world’s fourth largest steelmaker POSCO ranked highest among South Korean firms in the latest world’s most admired companies list from the U.S. business magazine Fortune. The rankings are based ...
Hyundai Heavy develops robot for joint surgery

Mar 7, 2011

Hyundai Heavy Industries and local venture firms have succeeded in localizing high-tech robotic equipment for artificial joint operations, the company said Monday. The country’s top builder develope...
Toyota said to focus on emerging market growth plan

Mar 7, 2011

Toyota Motor Corp. which traditionally gets a majority of its profit in the U.S., will outline a strategy for growth in emerging markets in a 10-year plan the Japanese automaker is set to release thi...
LVMH to take control of Italy’s Bulgari: report

Mar 7, 2011

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, will take a controlling stake in Bulgari SpA, the Financial Times reported, citing an unidentified person close to the ...
SKT to break KT’s iPhone monopoly

Mar 6, 2011

SK Telecom will begin selling Apple Inc.’s iPhone on March 16, it announced Sunday, ending the exclusive distribution here by its rival KT Corp. The country’s largest mobile carrier said it will tak...
LGE raises LCD TV production in China

Mar 6, 2011

LG Electronics, the world’s second-largest TV manufacturer, has installed a liquid-crystal display production line at its flat-screen plant in China targeting a rapidly expanding Chinese middle class...