Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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‘Samsung Electronics most admired firm’
Korea’s tech giant Samsung Electronics Co. topped the list of the most admired companies in the country, marking the ninth consecutive year it has clinched the top spot, a survey showed Monday.The company ranked first, followed by leading steelmaker POSCO and Yuhan Kimberly Co., the country’s largest maker of diapers and feminine hygiene products, according to a poll by the Korean Management Association Consulting. Samsung Electronics has kept its top spot since 2004, when the consulting, certif
IndustryFeb. 20, 2012
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Task force to look into welfare plans touted by political parties
The government has launched a task force to study the feasibility of a recent spate of welfare proposals floated by politicians amid worries that many of them are just intended to woo voters ahead of major elections.Korea is to hold parliamentary and presidential elections in April and December. Political parties are rushing to unveil welfare programs and campaign pledges, many of which policymakers see as “populist” and fiscally “unsustainable.”“From the perspective of fiscal authorities, it is
Feb. 20, 2012
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Park Won-shik reserved for BOK senior deputy governor
The Bank of Korea said on Monday Park Won-shik would be appointed as senior deputy governor, the No. 2 position after Gov. Kim Choong-soo, in April as part of regular personnel reshuffles. Park, 56, will replace Lee Ju-yeol, whose term will expire on April 7. The central bank also announced that four new deputy governors ― Kim Jun-il, Kang Juno, Kang Tae-soo and Kim Jong-hwa ― will take office on April 25 when their predecessors’ terms are set to end. Park graduated from Korea University and wo
Feb. 20, 2012
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Seoul shares end marginally higher on China’s reserve easing
South Korean stocks finished slightly higher on Monday as China’s reserve ratio cut boosted investor sentiment, analysts said, but financial firms’ losses trimmed overall gains. The local currency rose against the greenback.After rising as much as 1.18 percent, the benchmark KOSPI added 0.07 percent, or 1.43 points, to end at 2,024.9. Trading volume was heavy at 723 million shares worth 5.96 trillion won ($5.29 billion) with gainers leading losers 464 to 372.In the early morning, the KOSPI got a
Feb. 20, 2012
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Brokerages’ Q3 earnings up 15 percent
Securities companies operating in Korea saw their earnings for the fiscal third-quarter rise 15 percent from three months earlier thanks to a recovery in the local stock market, the financial watchdog said Monday.The combined net profit of 62 local and foreign securities firms operating here came to 514.3 billion won ($458.7 million) in the October-December period, compared with 447.4 billion won in the previous quarter, according to the Financial Supervisory Service. The tallied brokerages clos
Feb. 20, 2012
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Shinhan BNP Paribas Asset gets investor status in China
HONG KONG (Yonhap News) ― A joint venture asset manager between Korea’s No. 2 financial services firm Shinhan Financial Group Co. and global banking group BNP Paribas SA. has received qualified investor status from Chinese authorities, opening the door for its investment in Chinese stock markets, a government document showed Monday.Shinhan BNP Paribas Asset Management Co. received the status of “qualified foreign institutional investor” from the China Securities Regulatory Commission, according
Feb. 20, 2012
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KEB labor union welcomes Yun as new chief executive
The labor union for Korea Exchange Bank welcomed the new chief on his first day at work with roses on Monday in a sign that it will support the leadership appointed by Hana Financial Group, the bank’s new owner.KEB’s union leader Kim Kwi-chul and his team embraced new CEO Yun Yong-ro as he entered the bank’s headquarters and called Yun “a new member of the family that we all should work with closely.” The gesture signals a fresh start to the partnership between the management and the union, whos
Feb. 20, 2012
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Swiss education fair to showcase hospitality
The first Swiss Education Fair in Seoul will take place at the Sheraton Seoul D Cube City Hotel later this week.This event is organized by Swiss Business Hub Korea and aims to promote the highly regarded global education curriculum of Swiss schools in Korea. In attendance at this year’s fair are two public and six private hotel and business management schools.There will also be five prestigious Swiss boarding schools.Visitors to the fair on Feb. 25 will have the opportunity to consult directly w
Feb. 20, 2012
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Connecting New Zealand F&B with Busan
New Zealand Food Connection 2012 will be held Feb. 28 at Paradise Hotel in Busan hosted by New Zealand Trade and Enterprise.Held twice a year, once in Seoul and once in Busan, the event aims to showcase a wide range of premium New Zealand food and beverages to Korean food industry professionals, including hotels, restaurants, distributors and retailers, and to promote cooperation between the New Zealand and Korean food and beverage industries,.“Busan is a very attractive market, well-known for t
Feb. 20, 2012
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Global Biz Center site tour, Korean lessons
The Seoul Global Business Support Center, Gangnam office, will hold a site tour and offer a Korean language course taught by a popular local broadcaster.The site tour of the Seoul International Sourcing Fair at the COEX center will take place on Feb. 24 from 10 a.m. to 6 p.m.On the same day, the center will stop taking applications for foreign businesspeople interested in advancing their Korean business language skills and perfect their professional presentations about their products or other bu
Feb. 20, 2012
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Newcomers meeting illustrates networking importance
The Korean-German Chamber of Commerce and Industry held their first seminar to welcome newcomers on Feb. 13, offering information and advice on doing business in Korea.“We wanted to give insider views by experienced practitioners and the chamber for the new arrivals in Korea, be it new German companies or executives, Germans or foreigners, who work for member companies of the chamber,” KGCC Secretary-General Jurgen Wohler told The Korea Herald.During the meeting, the chamber’s directors offered
Feb. 20, 2012
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Penetrating with products beyond beverages
Austria looks to showcase year-round leisure companiesAustria is offering more this year than the standard food, beverages and classical music as the promotion of winter products takes center stage.“We have the mountains and the winter sports and that is where we will have the angle this year,” said Advantage Austria commercial counsellor Michael Otter.Several winter sports products have made their way to Korea in the past few years but one that has revolutionized the industry is Fischer’s Vacuu
Feb. 20, 2012
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Kolon chairman honored for women-friendly management
Kolon Group chairman Lee Woong-yeul won an award from Business and Professional Women Korea for setting an example to encourage women’s participation in the workplace, the business group said on Monday.Lee was honored with the BWP Gold award for raising female employment to 39 percent at Kolon while adopting a quota system to secure work for female workers. He also introduced a mentoring system for women workers in need of career advice. The BWP Gold Award is a recognition given to an individual
IndustryFeb. 20, 2012
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'Military can make you less agreeable'
A research by a Washington University team found that serving in the military negatively affect a person’s agreeableness for a long time, the Science Daily reported Friday.It is well known that battlefield trauma can leave war veterans with deep lasting psychological scars, but the new finding sheds light on the fact that an individual’s personality can change even for soldiers who never see combat.The study showed that men who do military service tend to score lower in terms of agreeableness th
TechnologyFeb. 20, 2012
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Leader with an unassuming taste, many hobbies
While leading 47 affiliated companies at home and 65 abroad, LS Group chairman John Koo is a family-oriented master baduk player who likes simple dishes like sujebi.Wearing a jumper, he often goes to a small restaurant in an apartment complex in Daechi-dong, southeastern Seoul, for the hearty soup with dough flakes torn by hand.“People laugh when I say I waited alone in a line to get into a small restaurant, but that’s who I am,” Koo said.As the eldest of four brothers and two sisters, Koo place
IndustryFeb. 20, 2012
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People losing sleep over social media
Millions of Britons are losing sleep because they are updating or checking status updates on Facebook or tweeting, a survey indicated. The study commissioned by Travelodge hotels surveyed 6,000 adults in Britain indicated 72 percent spend their time in bed before falling asleep updating or checking
TechnologyFeb. 20, 2012
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South Korean scientists find new anti-cancer agent
South Korean scientists have discovered a new anti-cancer agent that may offer a new and safe way to treat cancer without the side effects of anti-cancer drugs, as the substance already exists in human bodies, the science ministry said Monday.A team led by Prof. Kim Sung-hoon of Seoul National University has confirmed anti-cancer activities of Glycyl-tRNA synthetase (GRS), an enzyme that was previously only known to interact with other bodily substances to create protein, according to the Minist
TechnologyFeb. 20, 2012
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LS Group taps into emerging markets, green business
LS Group taps into emerging markets, green businessKicker: Chairman John Koo says companies’ social contribution is mandatory investment)HERALD INTERVIEW By Kim So-hyunLS Group, unrivaled in Korea for industrial cables and electrical systems, is aggressively expanding abroad with a focus on green businesses, such as smart grids, renewable energy, electric car parts and resource development. With LS Cable & System and LS Industrial Systems as its two main pillars, LS has grown into the nation’s 1
IndustryFeb. 20, 2012
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Popular but secretive, North Korean restaurant keeps the ‘North’ part low-key
PHNOM PEHN (Yonhap News) ― The red wooden gates of 400 Monivong Boulevard are difficult to find if you are not looking for them. Only a sun-bleached sign overhead marks them as the entrance to the compound of Pyeongyang Restaurant, a North Korean chain and one of Phnom Pehn’s most famous dining destinations. It’s also the place that Lee Un-yong and her fellow waitresses call home. Like many of the women who have worked here, Lee is a transitional employee. Now eight months into her three-year co
IndustryFeb. 20, 2012
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German newcomers meeting illustrates importance of networking
The Korean-German Chamber of Commerce and Industry held their first seminar to welcome newcomers on Feb. 13, offering information and advice on doing business in Korea.“We wanted to give insider views by experienced practitioners and the chamber for the new arrivals in Korea, be it new German companies or executives, Germans or foreigners, who work for member companies of the chamber,” KGCC Secretary-General Jurgen Wohler told The Korea Herald.During the meeting, the chamber’s directors offered
Feb. 20, 2012