The Korea Herald

Apple says pre-orders of iPhone 4S break record

Oct 11, 2011

NEW YORK (AP) -- Apple says first-day pre-orders of the iPhone 4S topped 1 million, breaking the record set by last year's model. Apple Inc. and various phone companies in the U.S., Australia, Canada, France, Germany, Japan and Britain started taking orders for the phone last Friday. It hits stores this Friday. The base model of the iPhone 4S costs $200 with a two-year contract. It has a faster...
SC First Bank set to drop Korean name

Oct 10, 2011

Standard Chartered First Bank will drop the “First” from its name, becoming Standard Chartered Bank within this year, the bank said Monday. “It’s not going to happen within this month, but we plan to change the bank’s name before the end of the year,” the bank’s Seoul official said Monday. The change has been mulled since the bank was created by the acquisition of the former Korea First bank by...
Nuclear power is a bridge for cleaner future

Oct 10, 2011

Nuclear power is an essential source of energy that requires more understanding on the part of the public, Korea Nuclear Energy Promotion Agency Chairman Rhee Jae-hwan said. Stating that while nuclear power has its dangers, it will continue to be an essential energy source until alternative sources are sufficiently developed. “It (nuclear power) is a science, and what science doesn’t have its d...
LG unveils ultra-high-speed smartphone

Oct 10, 2011

LG Electronics Monday launched a new smartphone with ultra-high-speed network technology in a bid to catch up with rivals Apple and Samsung. LG, the world’s third-largest handset maker, said its Optimus LTE smartphone based on 4G wireless technology offers photos and videos with “true natural colors” that are easier on the eye than other smartphones. The 4G wireless service, based on Long-Term ...
Regulator considering limiting micro credit card payments

Oct 10, 2011

The Financial Services Commission said Monday that it is considering allowing businesses to reject credit cards for small payments. The potential upper limit would be 10,000 won ($8.55) similar to the United States and Canada, which impose a $10 cap, the nation’s top financial regulator said. “This is a time to consider abolishing or easing the ban on the refusal of micro credit card payments,”...
General Motors to celebrate centennial of Chevrolet

Oct 10, 2011

General Motors will celebrate the 100th anniversary of its flagship brand Chevrolet in Detroit, U.S., this week where the first Chevy was built in 1911, GM Korea said on Monday. Chevrolet traces its roots to the dawn of the U.S. auto industry and has expanded from its traditional markets in North America to virtually every corner of the planet in more than 140 countries. The company is running ...
IAEA forum aims to lift awareness of nuclear power

Oct 10, 2011

Nuclear experts aim to allay fears of atomic energy after Japan crisis The International Atomic Energy Agency’s workshop for public information on new nuclear power plants kicked off in Seoul on Monday. The five-day event organized by the Korea Nuclear Energy Promotion Agency in collaboration with the International Atomic Energy Agency is aimed at sharing information among communication profess...
Samsung reports LED breakthrough

Oct 10, 2011

Samsung Electronics Co. said Monday that its researchers reported a breakthrough in light-emitting diode technology that will allow production of ultra-large advanced display panels on ordinary glass, such as window panes. Samsung Advanced Institute of Technology succeeded in fabricating nearly single crystalline Gallium Nitride on amorphous glass substrates, a milestone that will enable product...
Samsung, LG family names used illegally for overseas fraud

Oct 9, 2011

Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married to Lee’s sister. Koo is currently the chairman of the restaurant and food services provider Our Ho...
Stores’ sales boom during Chinese golden week

Oct 9, 2011

Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compared to a year earlier. Largely driven by the K-pop sensation in China, Chinese customers spent big ...
A plastic box that meets global demands

Oct 9, 2011

Lock&Lock aims to become global No. 1 in airtight containers by 2013 This is the fourth installment of a series that spotlights Korean products enjoyed by people abroad. ― Ed. In June 2002 many foreigners, including college students, visited the country to watch the World Cup soccer games co-hosted by Korea and Japan. What caught the eyes of locals were the plastic boxes they used to carry foo...
Hyundai helps turn Inner Mongolian desert into grassland

Oct 9, 2011

South Korea’s largest carmaker Hyundai Motor Co. said Sunday that it has helped transform 30 square kilometers of desert in Inner Mongolia into grassland as part of its global eco-conservation effort. The company started planting suaeda glauca, or seepweeds, in the Chakanor district of the Kunshantag desert in 2008, in a bid to combat rapid desertification caused by overgrazing and global climat...
U.N. opens desertification forum in Changwon

Oct 9, 2011

The first U.N. meeting to combat desertification to be held in Korea will focus on defining standards to measure progression of land degradation, a step essential to boost international support and funding, the United Nations Convention to Combat Desertification said. The UNCCD said that starting Monday, the 12-day gathering of prominent desertification experts and government officials from 194 ...
Samsung profit beats forecasts

Oct 7, 2011

Company expects third-quarter profit at $3.5 billion, 12% up from second quarter Samsung Electronics on Friday expected its quarterly profit to exceed market forecasts on the back of brisk smartphone sales and a weak local currency. The world’s largest technology company said in a statement that profit during the July and September period was estimated to reach 4.2 trillion won ($3.5 billion) a...
IAEA workshop to discuss promotion of nuke power

Oct 7, 2011

The International Atomic Energy Agency’s workshop regarding public information on introducing new nuclear power plants will kick off in Seoul on Monday. The workshop organized by the Korea Nuclear Energy Promotion Agency will be held at Lotte Hotel World in Jamsil, southeastern Seoul until Friday. The event will gather together 26 public relations and information experts from 15 countries that ...