The Korea Herald

Auto insurers face claims from rain damage

July 28, 2011

Auto insurers face a sharp increase in claims from rain damage that has caused at least 41 deaths in the capital area since Tuesday. More than 400 millimeters of precipitation was recorded in Seoul ...

Hana to raise KEB takeover fund

January 1, 2012
Honda recalls Civics on fuel leak risk

TransportJanuary 1, 2012
Industrial output slows in June

July 29, 2011

June industrial production posted slower than expected growth of 0.7 percent, a government report said Friday. Output in the construction, service, mining and manufacturing sectors expanded by 6.4 p...
Hyundai Motor’s profit up 37% in 2nd quarter

IndustryJuly 28, 2011

Hyundai Motor Co., the nation’s largest carmaker, logged a 37 percent increase in net income for the second quarter, beating consensus forecast on record overseas sales benefited from the demand-drop...
Korean currency could grow stronger

July 27, 2011

Won hits fresh 3-year high on U.S. debt crisis, recording 1,050 against dollar The won hit a near 3-year high Wednesday, one of a basket of currencies strengthening against the U.S. dollar on jitter...
August hike puts electricity prices up 4.9%

July 26, 2011

Tariff raise eases cost burden for KEPCO, complicates inflation fight The government announced Tuesday it will raise electricity tariffs by an average 4.9 percent starting August to reflect rising e...
SC First chief pledges to resolve strike this week

July 25, 2011

Richard Hill, chief of the Korean unit of Standard Chartered, on Monday expressed his “deepest regret” for service inconvenience due to an ongoing strike and pledged his commitment to resolving the d...
Renault Samsung’s departing CEO proud of growth

TransportJuly 24, 2011

Jean-Marie Hurtiger, the outgoing CEO of Renault Samsung Motors Co., expressed satisfaction over the achievements in his nearly six-year reign and urged the company to continue localizing automotive ...
‘Carmakers to see reduced surplus from revised FTA’

IndustryJuly 22, 2011

The modified Korea-U.S. free trade agreement will bring in less surplus for domestic carmakers than had initially been forecast, a government report said Friday. The FTA, signed in 2007 and modified...
Red meat market widens for Australia, U.S., Canada

IndustryJuly 21, 2011

Red meat market widens for Australia, U.S., Canada By Cynthia J. Kim Imported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting f...
No sign of dispute-end at SC First Bank

IndustryJuly 21, 2011

SC First Bank and its labor union, staging the longest walkout in the industry, are increasingly under pressure to strike a deal to end the dispute after the fight resulted in its lowered credit rati...
Imported beef market widens

IndustryJuly 21, 2011

Imported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting from the huge loss of livestock here after the worst-ever foot-and-mouth...
Renault Samsung to have new CEO

IndustryJuly 21, 2011

The Renault Group will appoint Francois Provost, the French carmaker’s deputy managing director in Russia, to head Renault Samsung Motors on Sept. 1, an official at Renault Samsung Motors said Thursd...
Bahk promotes wet markets to spur domestic demand

July 20, 2011

Finance Minister Bahk Jae-wan on Wednesday visited a wet market with representatives of business groups, making a timely move to coordinate with the private sector to revive sagging domestic demand. ...