The Korea Herald

Man arrested for extorting money from Samsung Electronics

Jan 21, 2011

Samsung Electonics 3D booth at CES in 2011. (Bloomberg) A Seoul man has been arrested on charges of extorting a large sum from Samsung Electronics after intentionally destroying a Samsung cellphone ...
Daewoo cars history as GM Korea switches to Chevrolet

Jan 20, 2011

The Korean unit of General Motors plans to remove the badge of “Daewoo” from its company name and new domestic releases as it seeks to improve image and boost sales. GM Daewoo Auto and Technology Co...
Facebook agrees to improve data protection for Koreans

Jan 20, 2011

The state media regulator Korea Communications Commission said Thursday that the U.S.-based social networking site Facebook agreed to improve its individual information protection measures for Korean...
KT targets W20.5tr in sales

Jan 20, 2011

Carrier to invest 3 trillion won to boost service quality, global presence KT Corp. said Thursday it plans to record 20.5 trillion won ($18 billion) in sales and spend 3 trillion won in investments ...
Antitrust regulator probes refineries

Jan 20, 2011

Move prompted by Lee’s comments on oil prices The antitrust regulator is investigating four major oil refiners for possible price rigging and cartel activities, sources said Thursday. The probe com...
Korea‘s technology level 5.4 years behind U.S.'

Jan 20, 2011

Korea’s technology level in 95 key areas is 5.4 years behind that of the United States, a government report showed Thursday. The report by the Ministry of Education, Science and Technology showed th...
Mobile payments coming to Starbucks

Jan 20, 2011

WASHINGTON (AFP) ― U.S. coffee chain Starbucks on Wednesday began allowing customers in its U.S. stores to keep their cash and credit cards in their wallets and pay for their drinks with mobile phone...
Hyundai, Kia make early payments to suppliers

Jan 20, 2011

Hyundai Motor Co. and Kia Motors Corp. announced Thursday that about 850 billion won ($760 million) owed to suppliers will be paid ahead of the due dates. The carmakers said that the payments will b...
POSCO finalizes ferrochrome deal with Indian firm

Jan 20, 2011

POSCO announced Thursday that it finalized a deal to establish a joint venture producing ferrochrome with an Indian company. Ferrochrome is an alloy of chromium and iron used in stainless steel prod...
Meat imports to climb on foot-and-mouth cull

Jan 20, 2011

Pork and beef imports by Korea, the sixth-biggest buyer of U.S. pork in 2009, may climb this year as the nation culls swine and cattle to fight its worst outbreak of foot-and-mouth disease, an indust...
Etihad Airways sees rising travel demand

Jan 20, 2011

Korea unit chief says emerging markets will drive growth in demand Etihad Airways, a national airline of the United Arab Emirates, is confident that the growth of the middle class in emerging market...
3D technology, here to stay

Jan 20, 2011

By Kim Ji-hyun The recent success of the Hollywood blockbuster “Avatar” triggered a stream of 3D films meaning that moviegoers are now often seen in theaters armed with special 3D glasses as well as...
GM introduces new name, brand for S. Korean unit

Jan 20, 2011

Dan Akerson, Chief Executive of General Motors Co. (GM), unveils the Chevrolet Sonic at the 2011 North America International Auto Show (NAIAS) in Detroit, the United States, on Jan. 10, 2011. (Xinhua...
Boeing interested in KAI going public in June

Jan 19, 2011

A top executive of Boeing Korea said Wednesday the global aircraft builder is planning to make a second bid to provide the presidential airplane after its failure last year. “Providing presidential ...
Twitter introduces new services for Koreans

Jan 19, 2011

Twitter Inc. introduced two new services for Koreans on Wednesday, seeking to gain greater influence in a nation with an advanced communications infrastructure and one of the most active Internet pop...