The Korea Herald

iDEA forum covers design from cities to cinema

Oct 4, 2011

Three main talks to cover nations and cities, industrial design and culture Masterminds behind best-selling BMWs, Samsung mobile phones, Coca Cola and theorists who can explain why consumers buy these products will come together in Seoul Wednesday and Thursday. The iDEA Herald Design Forum will kick off Wednesday with presentation tournaments for college students. The second day will be compris...
Forum to discuss industrial, city designs and culture

Oct 4, 2011

Designers, panelists to gather at three sessions for iDEA conference Masterminds behind best selling BMWs, Samsung mobile phones, Coca Cola and theorists who can explain consumers buying these products will come together for design talks in Seoul Wednesday and Thursday. The iDEA Herald Design Forum will kick off Wednesday with presentation tournaments for college students. The second day will b...
LGE to extend W25b of low-interest loans to suppliers

Oct 4, 2011

LG Electronics has decided to support its vendors with some 25 billion won ($21 million) in low-interest funds to help them compete on a more level playing field, the company said on Tuesday. The electronics maker currently runs a 125 billion won fund with the Industrial Bank of Korea for extending financial support consisting mostly of extremely low-interest loans to suppliers and vendors. The...
Retailers to protest FTA nationwide

Oct 4, 2011

The Korea Federation of Retail Organizations plans to hold a nationwide rally at the end of this month to call for protection measures related to the free trade pacts with the European Union and the United States. The group, which represents 1.25 million retailers, said some 30 retail business-related organizations have already agreed to the rally out of fear that the current and pending FTAs co...
Korea to develop new technology for water desalination: ministry

Oct 4, 2011

The government said Tuesday it has set out to develop new desalination technology using natural gas hydrate, which could pave the way for cheap fresh water amid rising concerns over water scarcity. The mechanism entails removing gas from methane hydrate, a crystalline compound consisting of gas molecules surrounded by a cage of water molecules. Hydrate commonly forms during offshore gas drilling...
BAT to take wraps off Lucky Strike

Oct 4, 2011

British American Tobacco Korea said Tuesday it plans to release its Lucky Strike cigarettes here in a bid to grab a larger slice of the local market. Launched in 1871, Lucky Strike is one of the oldest brands in the world’s tobacco industry. It is currently available in more than 60 countries, including Japan, Germany, France, Spain and Argentina. The Korean unit of the multinational group said...
POSCO signs 5-year supply agreement with Shell

Oct 4, 2011

By Choi He-suk POSCO announced on Tuesday that it signed a long-term steel plate supply contract with Royal Dutch Shell. According to POSCO, the agreement is one of the first in which a steelmaker has signed on as a sole supplier to a multinational oil company. Under the agreement, signed on Sept. 28, POSCO will be the sole supplier of steel plates used in offshore structures built for Shell’s...
Homeplus sets up team for shared growth

Oct 4, 2011

By Lee Ji-yoon Homeplus, the nation’s No. 2 supermarket chain, said Tuesday it has launched a team responsible for shared growth with its business partners. The team was organized in April to better support transactions of small and medium-sized suppliers and improve contract conditions, the company said. Homeplus started as a joint venture between Samsung Group and Tesco in 1999. Currently, t...
Meet the world-famous designers at iDEA Herald Design Forum

Oct 4, 2011

Chris Bangle President of Inno Design Kim Young-se will be moderating a panel discussion on talks on industrial design on the second day of the iDEA Herald Design Forum. The Korean industrial designer has won a swathe of international awards for numerous products including mobile phones from LG and Samsung, concept zippers to Barbie-branded MP3 players. Often said to have placed Korean design ...
Herald design forum opens to eager audience

Oct 4, 2011

The iDEA Herald Design Forum will be kicking off Thursday for a two-day event to gather top industrial designers from both home and abroad. Once here, they will suggest ideas for new designs and help cater to savvier customers who are now demanding more than just function from products. The forum will be the first of its kind here, and hopes to give companies a better idea of how they may launc...
LG to release 4G smartphone in Korea

Oct 4, 2011

LG Electronics Inc., the beleaguered world‘s No. 3 mobile-phone maker, said Tuesday that it will launch in South Korea a fourth-generation smartphone that will run on a faster network. The company will roll out this week the Optimus LTE smartphone through the leading mobile carrier SK Telecom Co. and the smallest operator LG Uplus Corp., it said. The Optimus LTE is LG’s second smartphone that i...
Tire labeling: A game changer

Oct 3, 2011

Industry expects more business opportunities from green tires DUSSELDORF, Germany ― Germany-based specialty chemicals company LANXESS celebrates the annual “rubber day” in September. To mark 102 years of synthetic rubber, the company held a business conference in this German city on Sept. 21. The event came at a critical time this year ahead of the compulsory introduction of a new standardized ...
Airport finds banned items on 800 travelers

Oct 3, 2011

Cases of airline passengers possessing goods banned in-flight, including weapons, numbered nearly 800 at South Korea’s major international airport over the past three years, a lawmaker said on Thursday. Authorities detected 795 instances in which passengers possessed such items ranging from lethal weapons like firearms, ammunition and swords as well as other, more minor banned objects at Incheon...
‘Cars, refineries to see export boom in Q4’

Oct 3, 2011

South Korea’s automobile and oil refining industries are expected to enjoy a boom in exports in the fourth quarter of this year, underpinned by growing overseas demand, a report said Monday. The country’s construction and steel industries, however, have a grimmer fourth-quarter outlook due to a slump in the domestic property market and a fall in overseas orders, according to the report by the Ko...
KB chairman joins IIF board of directors

Oct 3, 2011

Euh Yoon-dae, chairman and CEO of KB Financial Group, on Monday was appointed to the board of directors of the Institute of International Finance, the world’s largest industry group of financial institutions. KB said in a statement that Euh, the former head of the Presidential Council on National Branding, was selected to join the board on a three-year term at its annual conference in Washington...