The Korea Herald

Ssangyong launches first new vehicle in three years

Feb 23, 2011

JEJU ― Ssangyong Motors Co. launched the compact sport utility vehicle Korando C, its first new vehicle in three years, on the local market Tuesday. Since the company launched the luxury sedan Chair...
Hyundai Group drops planned lawsuit against Hyundai Motor

Feb 22, 2011

Hyundai Group plans to cancel filing a law suit on the failed purchase of Hyundai Engineering & Construction Co., the group said Tuesday. Hyundai Group hopes a compromise plan will come from Hyundai...
Daewoo to build giant ships for Denmark

Feb 21, 2011

Daewoo to build giant ships for Denmark
Korea eyes $10.7 billion in software exports in 2011

Feb 21, 2011

Korea aims to export a record $10.7 billion worth of software in 2011 as local companies make inroads into the global information technology (IT) service sector, the government said Monday. The Mini...
Samsung, LG lead global TV market

Feb 21, 2011

Samsung Electronics Co. and LG Electronics Inc. led the world’s flat-screen TV market last year, but they lagged behind Japanese companies in emerging 3-D TV markets, an industry report showed Monday...
Korea secures 60,000-ton Japanese fishing quota

Feb 21, 2011

Korea has secured the right to catch 60,000 tons of fish in Japanese waters in 2011, unchanged from the year before, the government said Monday. The agreement, reached with Japan late last week, ref...
Samsung develops faster mobile DRAM

Feb 21, 2011

Samsung Electronics Co., the world’s No. 2 semiconductor maker, said Monday that it has developed a new memory chip for mobile gadgets that can transfer data at a speed eight times faster than previo...
KT pledges better customer satisfaction

Feb 21, 2011

Company designates 2011 as the year for improved customer service Top executives of KT Corp., the country’s biggest fixed-line service operator, on Monday offered a rare gesture showing their commit...
IBK has highest labor productivity among banks

Feb 21, 2011

The state-run Industrial Bank of Korea led Korean lenders in terms of labor productivity last year, government data showed Monday. According to the Financial Supervision Service, the IBK recorded 18...
POSCO foundation names prize winners

Feb 21, 2011

POSCO TJ Park Foundation announced Monday that this year’s TJ Park Prize will be awarded to a Korea Advanced Institute of Science and Technology scientist, educator and two philanthropists. The foun...
Lotte Mart to launch cheap TV

Feb 21, 2011

Lotte Mart, one of the country’s biggest discount store chains, said Monday that it is putting a 24-inch television on sale at most of their branches for less than 300,000 won ($268). The company st...
Korea Express shareholders set March 4 deadline

Feb 21, 2011

Korea Express Co.’s controlling shareholders have set a March 4 deadline for initial bids as they sell about 40 percent of Korea’s biggest logistics company, according to a person familiar with the s...
Korea’s top housing fair kicks off

Feb 21, 2011

The Kyunghyang Housing Fair and Housing Brand Fair 2011, the country’s largest building materials and construction exhibition, is to kick off Wednesday, its steering committee said Monday. The two t...
KT&G to release new Davidoff

Feb 21, 2011

KT&G Corp., Korea’s tobacco giant, said it plans to launch a new version of Davidoff cigarettes in the local market on Wednesday. Davidoff Rich Blue is the second edition of the global premium cigar...
Hyundai Motor to lower builder acquisition price

Feb 21, 2011

Hyundai Motor Group and the creditors of Hyundai Engineering and Construction have begun final negotiations over the price of stakes in the builder, with the carmaker expected to push for a reduction...