The Korea Herald

Nintendo may fail to replicate Wii success as iPhone games bloom

Jun 20, 2011

Takaki Kawatsu, a 33-year-old real estate agent, says he’ll be among Nintendo Co. customers who will pass on the company’s next Wii game console. “I bought the original Wii because it was popular, new and seemed like a great item to have at a party,” said Kawatsu, who owned the game console for four years before selling it three months ago. “This time, there is nothing surprising or fresh.” Kaw...
Korea’s public debt soars in first quarter

Jun 19, 2011

Korea’s public debt jumped by more than 50 trillion won ($46 billion) in the first quarter of this year as governments and public corporations increased borrowing to meet their financial needs, data showed Sunday. According to the data by the Ministry of Strategy and Finance and the Bank of Korea, debts owed by the central government, provincial administrations, state-invested companies and soci...
Cnet picks Samsung’s PDP TV as best TV

Jun 19, 2011

Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.’s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday. Cnet said the D8000 series, which consists of a string of Samsung’s PDP TV models, outperformed rivals’ products released in the U.S. market this year, according to a Samsung official. Judges of the U.S. review site evaluated ...
Ministry to support small business owners

Jun 19, 2011

South Korea will help small business owners and improve welfare for low-income earners to boost domestic demand, said Vice Finance Minister Yim Jong -yong. Ordinary people have real sentiment over the economy lags economic indices, Yim told reporters in Gwacheon. To narrow the gap, the government will prepare policies to support small- to medium-sized businesses and the service and tourism indus...
[Herald Interview] Acquity Group eyes partnership with top Korean firms

Jun 19, 2011

BEIJING ― Acquity Group is an unfamiliar name to Koreans, but it promises to fundamentally change the landscape of corporate Korea’s online marketing. Exclusive brands do not want their brand value diluted by uniformly stacking their goods on the anonymous virtual shelves of eBay or Amazon, according to George Lu, chairman of Acquity Group. Acquity Group is a U.S. company Lu founded in 2001 to ...
97 Hyundai Motor union staff caught gambling online at work

Jun 19, 2011

Hyundai Motor Co. said Sunday it found 97 of its unionized workers in Ulsan and Asan factories logging on to Internet gambling games during work hours. The country’s No. 1 carmaker said 62 employees at its Ulsan plant and 35 employees at its Asan plant were involved in cyber gambling, betting as much as 100 million won ($92,000) in some cases, according to company officials. The online gambling...
4G LTE technology to debut next month

Jun 19, 2011

4G mobile phones to be released as early as Sept. The fourth generation telecommunications technology Long Term Evolution is expected to debut next month as two of the country’s mobile carriers are getting ready to launch the service in many cities across the nation. SK Telecom, the country’s top mobile carrier, has announced it will commercialize the technology in Seoul next month by establish...
New Internet era beckons with firm domain names

Jun 19, 2011

SINGAPORE (AFP) ― The Internet is poised for potentially one of its biggest shakeups in years as an industry body prepares to vote on Monday on a proposal to open up new domain suffixes for private companies. Under the changes to be decided at a meeting in Singapore, businesses would no longer be restricted to the list of generic top level domains that include .com, .net and .org when they apply...
Cnet picks Samsung's PDP TV as best TV of year

Jun 19, 2011

SEOUL, June 19 (Yonhap) -- Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.'s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday. Cnet said the D8000 series, which consists of a string of Samsung's PDP TV models, outperformed rivals' products released in the U.S. market this year, according to a Samsung official. Judges of the ...
Asiana Airlines to buy 3 Korea Express units

Jun 17, 2011

Asiana Airlines Inc. said Friday that it will buy three Korea Express Co. units ― Aas Airport Service, Asiana Airport Development Co. and Kumho Terminal Co. In its regulatory filing, the nation’s second-largest air carrier said it will purchase Kumho Terminal for 255.5 billion won ($235.3 million), Asiana Airport Development for 67.7 billion won and Aas Airport Service for 38.3 billion won. Wit...
LGE globally launches Optimus 3-D phone

Jun 17, 2011

LG Electronics on Friday marked the global launch of its “Optimus 3-D” smartphone, starting with the European markets. The Seoul-based company held a ceremony in Spain to mark the launch and plans to release its phones in 60 countries in Europe. The Optimus 3-D is a smartphone with third-dimensional functions. The phone features a 4.3-inch glasses-free 3-D display that gives users the third-dim...
POSCO to set up processing joint venture in China

Jun 16, 2011

POSCO will set up a joint venture with the Chinese steelmaker Tonghua Iron and Steel Group. According to the Korean steelmaker, it has formed an agreement with the Chinese firm to establish an automotive plate processing joint venture with an annual processing capacity of 200,000 tons. The plant will be located in a special economic development zone in Huinan Country in Jilin Province. POSCO w...
Firms’ image biggest factor in buyers’ minds

Jun 16, 2011

Corporate image has a major influence on local consumers who said their purchases were largely based on the image companies cultivate, according to a survey by the Korea Chamber of Commerce and Industry. More than 80 percent of those surveyed said they were influenced by corporate image when purchasing products, while only about 15 percent said they were not. Consumers also were found to hold d...
Yuhan-Kimberly named one of best workplaces in Korea

Jun 16, 2011

Yuhan-Kimberly, Korea’s leading hygiene products maker, has been selected as one of the most favored workplaces in the local manufacturing industry for a third straight year, a survey showed. According to the Korean Management Association Consulting, which surveyed more than 5,200 industry workers and human resources specialists, Yuhan-Kimberly came in third on the list of the best 30 manufactur...
[Herald Interview] Cushman and Wakefield opens frontiers with cross-border retail

Jun 16, 2011

With real estate being an essential element in any business that requires stores or offices, the industry ties in to most conventional businesses. Real estate services provider Cushman and Wakefield Korea is taking that natural tie-in a step further. Since last year, the company has been supporting retailers to cross borders. “It’s split into two major sections. We’re helping to export Korean ...