The Korea Herald

New prostate cancer test advice overturns dogma

PodcastOct 10, 2011

WASHINGTON (AP) — Men finally may be getting a clearer message about undergoing PSA screening for prostate cancer: Don‘t do it. They may not listen. After all, the vast majority of men over 50 already get tested. The idea that finding cancer early can harm instead of help is a hard one to understand. But it’s at the heart of a government panel‘s draft recommendation that those PSA blood tests s...
Riots over church attack in Egypt kill 24

World NewsOct 10, 2011

CAIRO (AP) -- Massive clashes that drew in Christians angry over a recent church attack, Muslims, and Egyptian security forces raged over a large section of downtown Cairo Sunday night, leaving at least 24 people dead and more than 150 injured, Health Ministry officials said. It was the worst violence since the 18-day uprising that ousted Hosni Mubarak in February. The ongoing clashes lasted lat...
Merkel, Sarkozy reach agreement on bank sector

World BusinessOct 10, 2011

BERLIN (AP) -- The leaders of Germany and France, the eurozone's two biggest economies, say they have reached agreement on strengthening Europe's shaky banking sector. German Chancellor Angela Merkel says she and French President Nicolas Sarkozy ``are determined to do the necessary to ensure the recapitalization of Europe's banks.'' Merkel spoke after talks with Sarkozy at Berlin's chancellery ...
France, Belgium, Luxembourg agree on Dexia plan

World BusinessOct 10, 2011

BRUSSELS (AP) -- The governments of France, Belgium and Luxembourg said Sunday they had approved a plan for the future of embattled bank Dexia, but they offered no details. In a three-sentence statement issued by the Belgian prime minister's office, they said they supported a proposal by the bank's management that will be submitted to its board of directors. The board is scheduled to hold a cris...
Paul McCartney marries U.S. heiress in London

PodcastOct 10, 2011

LONDON (AP) -- Former Beatle Paul McCartney and American heiress Nancy Shevell were married on Sunday, emerging joyously from a 45-minute civil ceremony to be showered with confetti from fans. The pop icon raised his bride's arm in triumph as they blew kisses to the hundreds of fans and paparazzi waiting on the steps of the Old Marylebone Town Hall for the big event. Shevell, with a white flowe...
FTA boosts European car sales in Korea

TransportOct 9, 2011

European carmakers have far surpassed Korean companies in vehicle sales growth since the implementation of the Korea-EU Free Trade Agreement on July 1. Hyundai Motor and its affiliate Kia Motors saw their yearly sales growth inch up 2.7 percent at home, according to the Korea Automobile Research Institute. In contrast, companies from Germany, the U.K. and France posted 27.4 percent growth betwe...
Na’s spokesman quits after drunk TV debate

PoliticsOct 9, 2011

A spokesman for the ruling Grand National Party’s Seoul mayoral candidate Na Kyung-won resigned over the weekend after being accused of appearing on a live TV debate show while intoxicated. “I offered to resign because I didn’t want to be a burden to Na,” Shin Ji-ho, a GNP lawmaker and chief press official on Na’s campaign team, told the Yonhap news agency. The party’s chief campaigner, Rep. Kw...
Merck Korea opens new R&D laboratory on OLED

Oct 9, 2011

Merck Ltd. Korea said on Sunday that its new Application Development Laboratory has gone into operation at the Advanced Technology Center in Poseung, Pyeongtaek in southwestern Gyeonggi Province. The multinational company started the operation after holding an opening ceremony for the laboratory, built to facilitate research and development of organic light emitting dioxide, on Oct. 5 with the a...
Samsung, LG family names used illegally for overseas fraud

IndustryOct 9, 2011

Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married to Lee’s sister. Koo is currently the chairman of the restaurant and food services provider Our Ho...
KRX holds investor session in Hong Kong for Korean firms

Oct 9, 2011

HONG KONG ― The KOSDAQ Global Investors Conference took place at Shangri-La Hotel on Friday, offering a venue for an investment relations session for 12 South Korean companies traded on the tech-heavy KOSDAQ. The first-ever IR conference for the leading firms listed on the secondary stock market was organized by Korea Exchange (KRX) and KOSDAQ Listed Companies Association (KOSDAQCA). The Hong Ko...
KDB in talks with HSBC to take over Seoul branch: report

Oct 9, 2011

KDB Financial Group has been in talks with HSBC to take over the foreign bank’s Seoul branch, according to a news report on Sunday. The KDB refused to reveal details. “It is true that we are moving to acquire a bank. But it is uncertain at the current stage as to whether it (M&A target) will be HSBC,” a KDB spokesman told The Korea Herald. Speculation had it that HSBC will close down its retai...
BMW strives to enlarge Mini market with new cabriolet

TransportOct 9, 2011

Boris Knoblich is one of the reasons why Bayerische Motoren Werke AG is struggling to create a bigger market for the Mini. The 37-year-old media consultant from Berlin doesn’t have the Munich-based manufacturer’s urban car brand on his shopping list, rejecting the new two-seater Mini coupe that his dealer offered as a replacement to his BMW 1-Series compact. “It’s a bit racy-looking compared wi...
Hyundai SUV picked as testbed for European fuel cell undertaking

TransportOct 9, 2011

Hyundai Motor Co.’s Tucson ix has been selected as the sole fuel cell testbed vehicle for Europe, Hyundai Motor Group said last week. The automotive group, whose flagship companies include Hyundai and Kia Motors Corp., said the selection by the European Union parliament showcases the competitiveness of its fuel cell sector. Fuel cell systems convert chemical energy from natural fuel sources, su...
Aju Industry names Yoon as new CEO

PeopleOct 9, 2011

Aju Industry Co. Ltd., one of the top three Korean companies in manufacturing remicons, named Yoon Byoung-eun as its next CEO, officials said on Friday. Yoon’s experience based on the global market was a critical factor for him to be nominated as the new CEO, they added. “Yoon is an expert in business. The wide range of experience and networks he has were highly noticeable,” an official was quo...
Seven to hold solo concert in Japan

MusicOct 9, 2011

K-pop singer Seven (Se7en) will hold a solo concert entitled “Hello Seven in Japan“ in Japan next month upon the release of his upcoming Japanese digital single “Angel.” The concert will take place at Akasaka BLITZ, a music house located in Minato, Tokyo, on Nov. 6. His new single will be officially released on Nov. 8. After making his local debut in 2003, Seven expanded his appeal to Japan and...