The Korea Herald

POSCO looks to turn byproduct gas into fuel

IndustryFeb 20, 2011

The world’s fourth-largest steelmaker POSCO announced Sunday that it has signed a memorandum of understanding with the U.S.-based bio-fuel manufacturer LanzaTech to produce ethanol using waste gases ...
Honda sweetens deal for Civic

TransportFeb 20, 2011

Honda Korea is offering a larger discount and longer installment period for the compact car Civic until the end of the month. Until the end of the month, those purchasing the Civic ― either the 1.8 ...
BMW refreshes 5-Series, X5 and M5 campaign

TransportFeb 20, 2011

BMW Korea is offering free checkup and discounts on maintenance fees for 5-Series, X5 and M5 vehicles registered before Jan. 31, 2006 until March 4. During the period, owners of vehicles that qualif...
Range Rover Vogue hits local market

TransportFeb 20, 2011

The new Range Rover TDV8 Vogue was launched on the local market on Feb. 14. The vehicle is fitted with a LR-TDV8 4.4-liter engine that puts out 313 brake horsepower and 8-speed automatic transmissio...
Kia launches Forte with fuel-saving technology

TransportFeb 20, 2011

Kia Motors Corp.’s Forte Eco Plus, the country’s first vehicle fitted with an idle stop-and-go-system for automatic transmission, will go on sale today. The idle stop-and-go-system automatically shu...
Tesla targets 50% revenue growth

TransportFeb 20, 2011

Tesla Motors Inc., the U.S. electric carmaker backed by Daimler AG and Toyota Motor Corp., said its revenue this year may rise as much as 50 percent because of higher demand for its rechargeable vehi...
Camaro to lead GM’s Korean expansion

TransportFeb 20, 2011

Muscle car measures up to competition, but stiffer price may dampen enthusiasm Chevrolet’s iconic muscle car Camaro was unveiled in South Korea on Friday. The Camaro is the third model of the eight...
New recruits build bonds at company boot camps

IndustryFeb 16, 2011

New workers learn teamwork and living as part of the firm at induction programs Like many who join large companies in South Korea, Cho Duk-hyun’s career at Daeyang Shipping began with a two-month in...
Buffett to visit Korea in March

IndustryFeb 16, 2011

Warren Buffett will visit South Korea in March to attend the groundbreaking ceremony for TaeguTec Ltd.’s second plant, which will double its production capacity. According to TaeguTec, a Daegu-based...
Hyundai, Samsung seek alliance

IndustryFeb 15, 2011

Carmaker, electronics company nearing deal to develop ‘smart car’ Hyundai Motor Co. and Samsung Electronics seek to collaborate in developing an automobile-smartphone link-up, sources said Tuesday. ...
Hyundai Heavy adds to SMEs R&D support

IndustryFeb 15, 2011

The world’s largest shipbuilder Hyundai Heavy Industries announced on Tuesday that it would set up a 30 billion won ($27 million) fund for supporting small and medium sized enterprises’ research and ...
Pre-launch orders for Hyundai Veloster

TransportFeb 13, 2011

Hyundai Motor Co. will begin receiving pre-launch orders for the Veloster from Monday. The vehicle will be launched on the local market later this month. The vehicle, which the company has termed PU...
Milk shortage from FMD affecting local industries

IndustryFeb 13, 2011

A nationwide milk shortage caused by the severest foot-and-mouth disease outbreak in Korea’s history is affecting local confectionery and dairy industries, corporate sources said Sunday. Sources fro...
Underground economy shrinks to 17% of GDP

Feb 13, 2011

The size of the so-called underground economy in Korea has been shrinking steadily since the early 1990s due to increased transparency of financial transactions, a report showed. According to the re...
Larger, faster, smarter devices to steal show

TechnologyFeb 13, 2011

BARCELONA, Spain (Yonhap News) ― Larger, faster and smarter smartphones and tablets are expected to steal the show this week at the wireless industry’s biggest trade show in Spain, signaling a new ro...