Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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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
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First test-tube hamburger ready this fall: researchers
The world's first "test-tube" meat, a hamburger made from a cow's stem cells, will be produced this fall, Dutch scientist Mark Post told a major science conference on Sunday.Post's aim is to invent an efficient way to produce skeletal muscle tissue in a laboratory that exactly mimics meat, and event
TechnologyFeb. 20, 2012
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Big four car importers face antitrust probe
FTC to focus investigation on pricing policy and distribution systemAntitrust authorities have launched an investigation into local importers and distributors of overseas brand cars for alleged unfair business practices such as over-pricing, industry sources said Sunday.The Fair Trade Commission, the sources said, sent an official notification to importers of the big four car makers ― Mercedez-Benz Korea, BMW Group Korea, Audi Volkswagen Korea and Toyota Motor Korea ― to ask for cooperation in t
IndustryFeb. 19, 2012
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Major conglomerates see profits decline in 2011
LG Group expected to pull off a recovery, helped by improvement in the IT sectorKorea’s major conglomerates grappled with worsening business conditions last year and LG Group suffered the most in terms of combined earnings, data showed Sunday.On the flip side of the dismal earnings coin, though, is that LG is widely expected to stage a recovery this year, thanks partly to the lower base in comparison and improving market position in key product categories. Based on the earnings reports filed und
IndustryFeb. 19, 2012
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Pernod Ricard donates W100m to Busan
BUSAN ― Pernod Ricard Korea has donated 100 million won ($88,800) to Busan to help the local government promote bicycling, the local unit of the French drinks group said Sunday.The funds will be used to help create a bike park and set up related facilities in the southeastern port city, said the company, which distributes Ballantine’s and Imperial whiskies, Chivas Regal scotch and Absolut Vodka. The donation also coincides with the launch of a limited edition of the company’s Imperial whisky ded
IndustryFeb. 19, 2012
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Hyundai Motor backs design to drive sales
After winning a long battle for quality, Korea’s top automaker Hyundai Motor is focusing on beauty.Hyundai, together with its affiliate Kia, was ranked the world’s fourth largest carmaker in 2010 thanks partly to a decade-long drive to improve workmanship.Now the firm sees its core competitive edge as good design, expressed in a “fluidic sculpture” philosophy.“We are now in the global top five and we needed a product that could reflect that, a product that could differentiate itself from other m
MobilityFeb. 19, 2012
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Builders gear up for $66.7b project in Saudi Arabia
A consortium of local contractors will begin negotiating with the Saudi Arabian government later this month to bid for construction of 500,000 homes there. They embark on one of the biggest state-backed projects in the Middle Eastern nation, the Land Ministry said on Sunday. A taskforce participated by Hyundai Engineering & Construction Co., SK Construction Co., Kyungnam Enterprise Ltd., and state-run property developer LH Corp. are making a detailed estimate of the project’s cost and size based
IndustryFeb. 19, 2012
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Hyundai Heavy to build surgery robots
Hyundai Heavy Industries Co. on Friday opened a laboratory dedicated to building surgery robots within the Asan Institute for Life Sciences, the company said. The center, run by medical professors at the Asan Medical Center, will focus on localizing high-tech robotic equipments used for surgeries on joints and ligaments. “We’re working to build an upgrade of a robotic surgical system for artificial joint operations that allows a more elaborate procedure in a shorter period of time,” an official
IndustryFeb. 19, 2012
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Shares may trade in tight range this week
Korean shares are expected to trade in a tight range this week while trying to stay above the 2,000 point mark, depending on how the eurozone debt crisis unfolds, analysts said Saturday. The benchmark Korea Composite Stock Price Index wrapped up this week at 2,023.47, up 1.5 percent from a week earlier.The KOSPI had a brisk start to the week as the Greek government’s approval of an austerity bill helped quell investor jitters over a possible Greek default. Hopes for a bailout for debt-ridden Gre
Feb. 19, 2012
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Bahk says strong stocks reason for optimism
Prices in global stock markets, including in Korea, appear to have moved ahead of the real economy, said Bahk Jae-wan, Korea’s finance minister.“We see some gap as financial markets have recently shown some strength, if not a rally, while the global economy is slowing due to uncertainties concerning Europe,” Bahk told reporters in Seoul today. “The recent gains may reflect investor expectations of improvement in the global economy and European debt crisis in the coming months, and may be due to
Feb. 19, 2012
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IBK’s Q4 net income reaches 37 billion won
Korea’s state-run Industrial Bank of Korea said that its fourth-quarter earnings fell 73 percent from one year ago due largely to an increase in loan-loss provisions. Net income reached 37 billion won ($33 million) in the October-December period, compared with the revised 136 billion won a year earlier, it said in a regulatory filing. Revenue edged down 1 percent on-year to 3.78 trillion won, while operating profit plunged 81 percent to 32 billion won in the cited period. The bank said the worse
Feb. 19, 2012
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Financial groups’ 2012 earnings outlook remains rosy: analysts
Korean financial services groups are widely expected to post robust earnings this year, but net profits will depend on the size of interest income and loan-loss reserves, analysts said Saturday.Top banking group KB Financial Group and its three local rivals posted a record combined net profit of 8.86 trillion won ($7.86 billion) last year, mainly due to an increase in interest income and a one-off gain from a stake sale of Hyundai Engineering & Construction Co., according to FnGuide, a financial
Feb. 19, 2012
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Korean corporate failures fall in January
The number of South Korean corporate bankruptcies fell in January from the previous month as financial institutions increased lending to small firms ahead of a major holiday, the central bank said Sunday. The number of companies that went belly-up reached 103 in January, down from 128 in December, the Bank of Korea said.The figure was the lowest since 97 corporate bankruptcies in September of last year. “Before the lunar New Year holidays, financial institutions extend more loans to small and me
Feb. 19, 2012