The Korea Herald

Greece’s deficit bigger than forecast

IndustryApr 27, 2011

Government deficit reaches 10.5% of GDP in 2010, above 9.6% predicted by EU BRUSSELS (AP) ― Greece’s government deficit was significantly bigger than forecast last year, European Union data showed T...
8 out of 10 employees work late: survey

IndustryApr 27, 2011

(MCT) Eight out of ten employees work overtime, half of them without any reward, a study showed Tuesday. In a survey conducted by Saramin, an online recruitment website in Korea, about 75.9 percent...
Sony PlayStation suffers massive data breach

TechnologyApr 27, 2011
S. Korean economy grows 1.4 pct in Q1

Apr 27, 2011

The South Korean economy grew 1.4 percent in the first quarter from three months earlier on sustained exports and improving domestic demand, the central bank said Wednesday. The first-quarter growth...
Lee aide urges public funds to keep chaebol in check

Apr 26, 2011

A presidential aide Tuesday urged the national pension and other public funds to avidly exercise their shareholder rights in order to keep larger companies in check. “Public funds exercising their s...
FSS under fire for graft, negligence

Apr 26, 2011

The nation’s top financial watchdog is under fire after several charges of corruption and power abuse were revealed this week. Three former and current officials from the Financial Supervisory Servi...
Seoul-Beijing direct flights to open in July

Apr 26, 2011

South Korea and China have agreed to provide flight services between Seoul and Beijing in a move to reduce overall travel time, the transportation ministry said Tuesday. The two nations recently sig...
Outbound travelers fall to 16-month low

Apr 26, 2011

The number of South Korean travelers going overseas fell to a 16-month low in March, apparently due to the recent earthquake and tsunami that hit Japan, the top destination for outbound tourists, dat...
International air travel grows 6% in Q1

Apr 26, 2011

The number of passengers using international air flights grew about 6 percent during the first quarter as people were bolstered to travel by the ongoing economic recovery, the transportation ministry...
KT creates wireless broadband zone in Jeju

TechnologyApr 26, 2011

JEJU -- KT Corp. announced Tuesday it has completed a nationwide wireless broadband network by installing the service on Jeju Island. The country’s biggest fixed-line operator also signed an agreeme...
Consumer sentiment rebounds in April

Apr 26, 2011

South Korea’s consumer co nfidence rebounded for the first time in five months in April on the back of optimism about the economic recovery, the central bank said Tuesday. The consumer sentiment ind...
World’s largest oil firm to hold board meeting here

IndustryApr 26, 2011

The world’s largest crude oil producer Saudi Aramco will hold its annual board of directors meeting in Seoul on Thursday. According to S-Oil, Saudi Aramco chief executive Khalid A. Al-Falih came to ...
Banks agree to purchase bad loans

Apr 26, 2011

At regulator’s demand, commercial lenders to take over 400b won in bad debts from troubled savings banks Several commercial banks on Tuesday accepted the financial authorities’ proposal to absorb a ...
Sakha Republic seeks Korean involvement in resources development

IndustryApr 26, 2011

Sakha Republic’s delegation, led by President Egor Borisov, wrapped up its three-day trip to South Korea on Tuesday. Accompanied by 40 government and industry officials, Borisov came to Korea on Sun...
Anti-counterfeit device added to Windsor whisky

IndustryApr 26, 2011

The country’s largest spirits distributor Diageo Korea launched a new anti-counterfeiting device Tuesday. The new device, Windsor Protect, is designed so that a 2-millimeter gap is left between the ...