The Korea Herald

Reservoirs, waterway to be open to public

Sept 21, 2011

The government is set to introduce new waterways as part of its project to refurbish the country’s four major rivers, hoping to calm much-heated controversy over wilderness protection. The Ministry of Land, Transport and Maritime Affairs said Wednesday it will open to the public the 16 restored reservoirs in stages until November, starting with Sejong Reservoir on Saturday in the Geum River basi...
SKT to reorganize divisions

Sept 21, 2011

SK Telecom announced on Wednesday that it will rearrange business divisions in time for the launch of SK Planet on Oct. 1. The company also said that it will carry out an executive reshuffle. SK Planet will be a new subsidiary created by spinning off SK Telecom’s platform business. Under the plans, SK Telecom will abolish the company-in-company or CIC system where each “company” is responsible ...
NCsoft to give out signed baseballs

Sept 21, 2011

NCsoft, owner of the newly created baseball team, the “NC Dinos,” will give out official balls signed by Dinos coach Kim Kyung-moon and ace baseball player Na Sung-beom as a part of an event to promote a new application. In what can be translated into “A Fun Guide to Baseball,” NCsoft’s new application is basically a baseball guide for dummies and can be downloaded on the iPad. To participate i...
Amore Pacific to sponsor organic forum

Sept 21, 2011

Cosmetics maker Amore Pacific on Wednesday said it would be sponsoring the 17th conference of the International Federation of Organic Agricultural Movements to be held here next month. Several of Amore Pacific’s brands such as Osulloc will be participating as sponsors, the company said. The conference will run during Sept. 26-Oct. 5 at Namyangju, Gyeonggi Province, under the title of “Organic a...
Hanwha’s major construction projects under way

Sept 21, 2011

With the aim of becoming one of the major global builders, Hanwha Engineering and Construction has successfully won large-scale construction projects nearly all over the world. One of the latest projects the company won is to build the world’s largest domed arena near Manila. In August, Hanwha began work on the world’s largest domed arena in the Philippines. The work for the $175 million contra...
Hanwha E&C looks to overseas markets for growth

Sept 21, 2011

Builder aims to become one of the world’s top 100 construction firms with sales of W5tr Hanwha Engineering and Construction is turning its attention to overseas markets to fuel its drive to become one of the world’s top 100 construction companies by 2015. Under the plans announced earlier this year, the company aims to become one of the world’s top 100 builders with an annual sales figure of 5 ...
Creditors to allow new bidders for Hynix stake

Sept 21, 2011

SEOUL, Sept. 21 (Yonhap) -- Shareholders of Hynix Semiconductor Inc. said Wednesday that they will open up the final bidding for the chipmaker in a move to secure the fairness and transparency of the sale process. Creditors-turned-shareholders of Hynix said on Tuesday that they will proceed to sell a 15 percent stake in the world's No. 2 memory chipmaker as planned despite a decision by shipbuil...
EUCCK elects new president

Sept 20, 2011

Jean-Luc Valerio, chief of the European Aeronautic Defense and Space Company’s Korean operations, has been chosen as the new president of the European Union Chamber of Commerce in Korea, the chamber announced Tuesday. The 53-year-old Frenchman will replace Jean-Marie Hurtiger, chief executive of Renault Samsung Motors who is returning to the auto giant’s headquarters in France. Hurtiger served t...
KITA forum to discuss global trade

Sept 20, 2011

Economic policymakers, academics and industry officials from around the world will discuss challenges and strategies for international trade at a forum organized by the Korea International Trade Association. Scheduled for Sept. 26-27 in Seoul, the conference commemorates Korea’s reaching $1 trillion in trade this year, KITA said. The Peterson Institute for International Economics, a Washington-b...
Hyundai Heavy starts 2nd Russian farming business

Sept 20, 2011

Hyundai Heavy Industries Co. announced on Tuesday that it has set up its second agricultural business in Russia. For the new subsidiary, Hyundai Mikahailovka Agro, the shipbuilding conglomerate took over the Asinovka farm located 150 kilometers north of Vladivostok. According to Hyundai Heavy’s estimates, Hyundai Mikahailovka Agro will be able to produce 4,000 metric tons of beans, 2,000 tons o...
Hynix sale to go ahead as scheduled

Sept 20, 2011

Auction will be carried out with SKT as sole bidder Creditors of Hynix Semiconductor Inc. have decided to continue with selling the company on schedule, Korea Exchange Bank said Tuesday. After STX Group pulled out of the bid on Monday, market watchers had raised concerns that the process would be delayed or even fall apart for the third time. STX Group, which had entered the bid against SK Tele...
Design helps cities gain more environmental sustainability

Sept 20, 2011

Following is the third in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed. Richard Register is an American specialist in ecological city design and planning who created the term “ecocity” in the late 1970s. Under the concept of an ecologically healthy city, he believes “cities can run on about on...
Hyundai Group to enter telecom market

Sept 20, 2011

Conglomerate mulls joining consortium formed by SME association Hyundai Group is poised to once again try its hand in the information and communication industry, as the company was found to have decided to participate in a consortium seeking to set up a telecom service provider. Hyundai is considering investing about 200 billion won ($176.5 million) into a consortium in which Korea Federation o...
Seoul begins taking blackout damage claims

Sept 20, 2011

The South Korean government began accepting claims Tuesday from businesses who suffered losses from blackouts caused by low electricity reserves last week. A total of 167 claims had already been filed at 294 centers throughout the nation, according to the Ministry of Knowledge Economy. The government was forced to cut power supplies to some 2 million households on Thursday as unexpectedly high ...
World’s cheapest car now covered with gold, jewels

Sept 20, 2011

The Indian automobile giant Tata Motors unveiled the latest version of its signature Nano car crafted in gold, silver and gemstone on Monday in Mumbai. The jewel encrusted GoldPlus Nano is covered in 80 kilograms of 22 carat gold and 15 kilograms of silver, according to local reports. It also features 10,000 semi-precious stones and gems, they added. The car covered with real gold is claimed to...