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[Herald Review] Seoul Jazz Festival soothes with eclectic music
Remote work tests S. Korea‘s corporate hierarchy, culture
Hyundai Motor to lower speed limit of G90 self-driving features
N. Korea touts progress in handling COVID-19 pandemic, but prepares for another wave
E-book platform Millie’s Library to go public by end of 2022
S. Korea ramps up action against terraUSD, luna crisis
[Newsmaker] Song Kang-ho, prolific and versatile actor
Park Chan-wook wins best director, Song Kang-ho, best actor at Cannes
Ruling, opposition parties agree on W62tr extra budget
Redback armored vehicle flaunts field maneuverability
Over W100b embezzled by financial firms' officials over past 5 years: data
BTS members depart for US to visit White House
Gathering for Herald retirees
Yoon congratulates Cannes-winning director Park, actor Song
New COVID-19 cases below 20,000 for 4th day as omicron wave recedes
Defense chiefs of S. Korea, US, Japan arranging talks in Singapore next month
Director Park Chan-wook says films made for the big screen should be watched at theaters
N. Korea reports 89,500 new fever cases
Koreans hit polls on last day of early voting for local elections
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POSCO’s China subsidiary completes plant expansion
Industry
Jun 13, 2011
Zhangjiagang Pohang Stainless Steel, a China-based stainless steel subsidiary of POSCO, on Monday completed the facility expansion project that pushes up its annual production capacity to 1 million metric tons. Located in Zhangjiagang, Jiangsu Province, Zhangjiagang Pohang Stainless Steel or ZPSS is 82.5 percent held by POSCO. The remaining 17.5 percent is held by China’s Shagang Group. POSCO al...
LGE commits to basics, quality
Industry
Jun 13, 2011
Electronics maker pledges further greenhouse gas emission cuts, labor rights promotion LG Electronics vice chairman and CEO Koo Bon-joon called for the electronics maker to commit to the basics in its sixth sustainability report issued last month, the Seoul-based company said on Monday. “The most important principle for a company to maintain its sustainability is essentially to secure competenc...
Machinery orders drop in Japan
Industry
Jun 13, 2011
Japan’s machinery orders fell for the first time in four months in April, an indication that companies are reluctant to spend after the March 11 earthquake and tsunami. Factory orders declined 3.3 percent in April from March, when they rose 1 percent, the Cabinet Office said Monday in Tokyo. Orders, an indicator of capital spending in three to six months, were projected to increase 1.7 percent, ...
Roubini says ‘Perfect Storm’ may threaten global economy
Jun 13, 2011
June 13 (Bloomberg) -- A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said. There’s a one-in-three chance the factors will combine to stunt growth from 2013, Roubini said in a June 11 interview in Singapore. Other possible outcomes are “anemic b...
SKT short of savvy in overseas markets
Industry
Jun 12, 2011
Unsuccessful ventures eat into mobile carrier’s value SK Telecom, the nation’s No.1 wireless service provider, has proved to be far from savvy when it comes to overseas ventures. After unsuccessfully knocking on the doors of numerous overseas markets including the U.S. and China for six years, the company was forced to call it a day. The failure was such that former SKT chief executive Chung M...
Hyundai Heavy to build world’s 1st offshore LNG storage unit
Industry
Jun 12, 2011
Hyundai Heavy Industries announced Sunday that it would build the world’s first floating storage and re-gasification unit for liquefied natural gas. A floating storage and re-gasification unit or FSRU is a vessel for storing liquefied natural gas at sea. It is connected to facilities on land by pipelines, through which re-gasified LNG is transferred. According to the company, it was awarded a $...
Hyundai family eyeing Hynix Semiconductor
Industry
Jun 12, 2011
Hyundai powerhouses are reportedly interested in acquiring the 15 percent stake in Hynix Semiconductor that will be put up for sale later this month, financial sources said on Sunday. Among them, Hyundai Heavy Industries is seen as one of the most viable candidates, industry sources said. The biggest motivation for the company is its undying desire to gather all the Hyundai affiliates under one...
Shares likely to be range-bound
Industry
Jun 12, 2011
South Korean stocks are expected to trade in a narrow range this as investors step to the sidelines amid a lack of upward momentum and signs of a slowdown in the U.S. economy, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed last week at 2,046.67, down 3.16 percent from a week earlier. The KOSPI got off to a weak start at the beginning of the weak, as downb...
Korea to pull out all stops against inflation
Industry
Jun 12, 2011
The government plans to make all-out efforts to stem growing inflationary pressure as South Korea faces potential difficulties in taming inflation in the second half, officials said Sunday. Finance Minister Bahk Jae-wan presided over a meeting with ministers on Friday to discuss ways to stabilize consumer prices where he suggested 22 policy steps, including the stable management of macroeconomic...
Seoul mulls public funds to rescue savings banks
Industry
Jun 12, 2011
South Korea is mulling injecting public funds to rescue ailing local savings banks in an effort to overhaul the troubled sector in the second half, sources said Sunday. The government is seeking to put seven teetering savings banks up for sale this year, whose operations have been suspended since January due to a pile-up in soured construction loans and weak capital positions. The Financial Ser...
Emirates passengers slam response to delay
Industry
Jun 12, 2011
Emirates Airlines is in hot water over its response to a delayed flight from Incheon to Dubai. While the flight was delayed due to unforeseen circumstances, passengers for the flight complained that the company’s response was inefficient and unprofessional. According to one passenger, the company did not make a public announcement explaining the situation, and the explanations provided at the a...
Blue House dragging feet on BOK vacancy
Jun 12, 2011
Seat on rate-setting committee has been empty for over a year The presidential office has failed to address filling a vacant seat at the central bank’s interest rate-setting panel for 14 months despite the growing need to fight mounting inflationary pressure. In tandem, Bank of Korea Governor Kim Choong-soo has been criticized for allegedly glossing over laws on the BOK concerning the bank’s Mo...
Hyundai Mobis wins Mitsubishi, Subaru order
Transport
Jun 12, 2011
Small cars to take up half of import market
Transport
Jun 12, 2011
Small vehicles with low engine displacement are expected to account for 50 percent of the total sales of import vehicles in South Korea as early as the third quarter. The ratio of cars with an engine capacity of less than 2.0 liters to the total number of cars sold came to 45.2 percent in May. They sold 3,969 small-sized cars ― at low and medium priced ― out of the total 8,777 units last month,...
SK Telecom unsavvy operator in overseas markets
Technology
Jun 12, 2011
Unsuccessful ventures eat into No.1 mobile carrier’s value SK Telecom, the nation’s No.1 wireless service provider, has proved to be far from savvy when it comes to overseas ventures. After unsuccessfully knocking on the doors of numerous overseas markets including the U.S. and China for six years, the company was forced to call it a day. The failure was such that former SKT chief executive...
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Collaboration new marketing strategy in Korea’s alcohol industry
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Uzbekistan to host annual International Week of Ziyorat Tourism
Indian novel ‘Tomb of Sand’ wins International Booker Prize
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Political parties remain in conflict over Yoon administration’s extra budget proposal
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Plenary session for extra budget canceled, expected to be held Sunday
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Leeum Museum of Art names Cha Jae-min winner of ‘Artspectrum 2022’
Seoul Jazz Festival kicks off after two-year COVID-19 hiatus
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