The Korea Herald

BASF to invest $3.1 billion in Asia by 2015

Feb 25, 2011

BASF chief executive Jurgen Hambrecht speaks during the firm’s yearly press conference in Ludwigshafen, Germany on Thursday.(BASF) LUDWIGSHAFEN, Germany ― Leading global chemical firm BASF plans to ...
Samsung Group breaks into biomedical sector

Feb 25, 2011

South Korea's top conglomerate Samsung Group said Friday that it will establish a biomedical joint venture with U.S. drugmaker Quintiles Transnational Corp. as part of its efforts to find new growth ...
Samsung establishes first social enterprise

Feb 24, 2011

Samsung Group established its first social enterprise in downtown Seoul on Thursday. The enterprise called the “Hope Network” will hire about 70 teachers and offer education services to about 1,000 ...
SKT to release iPhone 4

Feb 24, 2011

SK Telecom, Korea’s top mobile operator, will start selling the iPhone next month in a break from Apple’s practice of selling the smartphones via a single distributor in each major market, industry s...
BMW to set up social contribution fund

Feb 24, 2011

BMW Group Korea announced Thursday that it will set up BMW Korea Future Fund, the first social contribution foundation operated by a foreign carmaker in South Korea. The foundation will be establish...
Renault Samsung most efficient sales staff

Feb 24, 2011

Renault Samsung Motors Co.’s sales staff recorded the highest average monthly sales figure among local carmakers, the company announced Thursday. According to the company, the 2,342 sales staff work...
Big banks must be broken up: Hoenig

Feb 24, 2011

Federal Reserve Bank of Kansas City President Thomas Hoenig said U.S. regulators should avert another crisis by breaking up large financial institutions that pose a threat “to our capitalistic system...
Foreigners' land ownership in S. Korea grows in 2010

Feb 24, 2011

Foreign ownership of South Korea's land rose slightly last year, but its growth rate remained relatively slow compared with levels tallied before the financial crisis, a government report showed Thur...
SK Telecom to release Apple's iPhone 4 next month in S. Korea

Feb 24, 2011

South Korea's top mobile carrier SK Telecom Co. will release Apple Inc.'s iPhone 4 in the local market next month, ending the exclusive distribution by its rival wireless operator, an industry source...
BP deal to boost India’s energy output: analysts

Feb 23, 2011

MUMBA (AFP) ― BP’s multi-billion-dollar tie-up with Reliance will accelerate fuel-hungry India’s exploration for energy and hand the Indian giant the skills to develop hard-to-exploit reserves, analy...
Russia may extend grain export ban

Feb 23, 2011

Deputy P.M. says export ban could be extended after July 1 MOSCOW (AFP) ― Russia on Tuesday said it may extend a ban on grain exports that has been blamed for triggering global food price rises beyo...
Samsung makes breakthrough in color display technology

Feb 23, 2011

Samsung Electronics said on Wednesday that it has developed the world’s first full-color quantum dot display, paving the way for the next-generation products that are cheaper but more vivid and energ...
KT to support mobile app developers

Feb 23, 2011

KT Corp., the country’s biggest wireless Internet zone operator, announced Wednesday that it plans to launch a project to help mobile application developers sell their products overseas. The “global...
Index to gauge treatment of suppliers

Feb 23, 2011

Government and private-sector representatives will introduce a new index to gauge large companies’ relationship with smaller suppliers as part of its efforts to promote broad-based growth, officials ...
Lotte Mart bargain TVs are a sell-out success

Feb 23, 2011

Lotte Mart’s ultra-cheap television has proved to be a hot item, with some of its branches selling out within hours of opening Wednesday. Lotte Mart officials said it began selling the 24-inch TVs, ...