The Korea Herald

Major Korean carriers set to add overseas flights

IndustryMar 11, 2011

South Korea's two full-service carriers, Korean Air Lines Co. and Asiana Airlines Inc., said Friday that they are gearing up to increase their overseas flights to meet busy summer season demand. The...
BOK hikes rate to curb inflation

Mar 10, 2011

Central bank governor sees high inflationary pressure Korea’s central bank raised its key interest rate for the second time in three months Thursday as it steps up efforts to control inflation. The...
Samsung chief Lee slams profit-sharing scheme

Mar 10, 2011

Lee Kun-hee, chairman of Samsung Electronics Co., on Thursday lashed out at a recent proposal by former Prime Minister Chung Un-chan for large businesses to share their excessive profits with smaller...
Samsung, LG face off in second round of TV war

IndustryMar 10, 2011

LG calls Samsung’s bluff, proposing public demonstrations LG on Thursday touched off a second round in the ongoing 3-D TV war by challenging Samsung to a public demonstration as tension grew between...
Ex-Minister Kang picked to head KDB Group

Mar 10, 2011

Kang Man-soo, senior presidential economic adviser and former finance minister, was recommended Thursday as the next chairman of state-run KDB Financial Group Inc. The Financial Services Commission ...
Credit card firms’ 2010 earnings up

Mar 10, 2011

Korean credit card companies saw earnings surge 46.1 percent last year from a year earlier due mainly to one-off gains, the financial regulator said Thursday. The combined net profit of six local cr...
LGD says Sony mulling use of its 3-D tech

IndustryMar 10, 2011

The head of LG Display Co., the world’s No. 2 maker of liquid crystal display (LCD) panels, said Thursday electronics giant Sony Corp. is mulling using its proprietary 3-D panels for the Japanese com...
Samsung sets sights on Africa for growth

IndustryMar 10, 2011

Samsung Electronics Co., the world’s largest maker of flat-screen TVs by shipments, is pinning its hopes on African countries to fuel sales growth of flat-screen TVs, a company executive said Thursda...
Korea vulnerable to oil price hikes: Goldman

Mar 10, 2011

Higher oil prices will have a greater impact on Korea than other Asian economies, Goldman Sachs said, indicating its economic growth is more exposed to oil price risks. Goldman Sachs said Korea’s ec...
Kim to remain as Hana chairman

Mar 10, 2011

Hana Financial Group Inc. has nominated its current chairman to continue leading the country’s fourth-largest financial holding company for another year. The group’s board of directors made the deci...
Hyundai unveils new 3-door compact car

TransportMar 10, 2011

Korea’s top automaker Hyundai Motor on Thursday unveiled a three-door compact car aimed at younger customers, after a 40-month development program costing 270 billion won ($242 million). The Veloste...
U.S. lawmakers threaten to stall Korea trade pact

Mar 10, 2011

WASHINGTON (AFP) ― U.S. lawmakers on Wednesday threatened to hold up a trade pact with Korea unless President Barack Obama’s administration moves ahead on separate deals with Colombia and Panama. Ob...
Producer inflation hits 2-year high

Mar 10, 2011

Korea’s producer prices rose at the fastest pace in more than two years in February due to a hike in international oil and commodity prices, the central bank said Thursday. The producer price index ...
Ministry to review FTA documents, translations

IndustryMar 10, 2011

The Ministry of Foreign Affairs and Trade will review the entire text of the Korean-language version of the Korea-EU Free Trade Agreement, and correct any errors found before the provisional session ...
FTC OKs Hana’s purchase of KEB

Mar 10, 2011

The Fair Trade Commission ruled on Thursday Hana Financial Group’s takeover of Korea Exchange Bank does not violate competition rules, bringing the nation’s fourth largest banking group a step closer...