Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Woori Financial eyes three overseas M&A deals
Woori Financial Group has been pushing for takeover deals in three overseas markets simultaneously, its chairman Lee Pal-seung told reporters Tuesday.“We have been in mergers and acquisitions talks in two regions (countries) in Southeast Asia. One of the two negotiations has seen good progress,” he said.He added that Woori Financial is also carrying out merger talks with a financial company in a country linking Asia and Europe.Group executives had said they were considering increasing the compan
Jan. 10, 2012
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Mahindra to import Ssangyong’s Rexton
DELHI, India ― In an industrial town 1,200 kilometers southwest of Delhi, India’s fourth-largest carmaker Mahindra & Mahindra has completed a facility to reproduce Ssangyong’s SUV Rexton starting in April this year.“The factory here will start importing pre-assembled parts of Rexton from Korea in the second quarter. It will be our home base as we enter the Indian market,” said Chung Moo-young, Ssangyong Motor public relations official on Sunday.The M&M Vehicle Manufacturers Ltd sits in Chakan of
IndustryJan. 10, 2012
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Investing in communities beyond borders
Korean firms look to create social impact via education, donations and volunteeringThese days, the concept of “giving back” among businesses is not rare.With an increasing number of Korean firms going global, their responsibility to the community stretches beyond their home turf. POSCO opened foster care centers and agricultural training facilities in Africa. Samsung Electronics nurtures engineers in the Middle East and India. Hyundai Motor backs China’s fight against desertification and pediatr
IndustryJan. 10, 2012
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Korea’s ETF trade surges on short-term investors: data
Korea’s exchange-trade funds market has emerged as the biggest in Asia in terms of trading value, data showed Tuesday.The sharp rise of ETF trades in Korea demonstrates that investors put more of their short-term funds in the investments amid a positive outlook for the overall ETF market this year. ETF is an investment fund traded on stock exchanges with attractive features such as low cost, tax efficiency and stock-like characteristics. According to the Korea Exchange, the country’s average dai
Jan. 10, 2012
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Samsung, LG unleash tech prowess
Global companies unveil new products as technology trade show CES kicks off in Las VegasLAS VEGAS ― The 2012 International Consumer Electronics Show kicked off here on Tuesday with more than 20,000 new consumer technology products to be launched at the world’s biggest industrial trade fair.Industrial giants, including Samsung and LG Electronics, Intel, Microsoft, Sony and Qualcomm, are taking part in the show, holding global press conferences at nearby hotels.Samsung Electronics and LG Electroni
IndustryJan. 10, 2012
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Car exports reach record high in 2011
The auto industry’s exports posted a record high last year, up 13.7 percent from the year before as shipments to Europe and emerging markets proved surprisingly buoyant, government data showed Tuesday.The industry shipped a total of 3,151,930 vehicles last year, surpassing three million for the first time and posting a considerable jump from 2,772,107 in 2011, the Ministry of Knowledge Economy said.“Demand from the U.S. and Europe continued to recover and growth in emerging markets was solid in
IndustryJan. 10, 2012
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Avante wins top award in Detroit
Hyundai edges out Ford, Volkswagen for North American Car of the YearHyundai Motor’s Avante, dubbed the Elantra in overseas markets, has been named the 2012 North American Car of the Year.The winner was confirmed at the North American International Auto Show in Detroit after the compact sedan polled the highest number among a group of 50 motoring journalists from the U.S. and Canada. The Avante has been in a tight race with its fellow finalists ― the Volkswagen Passat and the Ford Motor Focus. T
Jan. 10, 2012
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Google to support global success of Korean IT startups
Google Inc. will help the global success of Korean IT developers as the California-based search giant agreed on Tuesday to participate in the Korean government’s program supporting Internet startup businesses here. Google and the Korea Communications Commission signed a memorandum of understanding on Tuesday to cooperate for the state telecom regulator's startup support program called “Global K-Startup Program.”The agreement came after President Lee Myung-bak and Google chairman Eric Schmidt me
IndustryJan. 10, 2012
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Shares rise 1.46% on institutional buying
South Korean stocks rebounded 1.46 percent Tuesday as institutions scooped up shares following the U.S. markets’ rally, analysts said. The local currency rose against the U.S. dollar.Snapping a four-session losing streak, the benchmark KOSPI gained 26.73 points to 1,853.22. Trading volume was moderate at 383.2 shares worth 4.86 trillion won ($4.18 billion), with gainers outpacing losers 591 to 238. “After undergoing losses for the last four days, investors increased their bets, boosted by a Wall
Jan. 10, 2012
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Government to keep watch on falling satellite
As a Russian Mars probe that stalled in orbit may fall to the Earth sometime next week, the government announced Tuesday that it would broadcast its location real time on the websites of related agencies and via Twitter until its crash.The 13.2-ton probe named Phobos-Grunt, launched last November, w
TechnologyJan. 10, 2012
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Hyundai hit by stoppage after worker suicide bid
Unionised workers at South Korea's largest carmaker Hyundai Motor stopped work at engine plants in one factory Tuesday after a union member set himself ablaze due to alleged bullying by bosses. (Yonhap News)The union said workers at the five engine plants in the southeastern city of Ulsan stopped pr
MobilityJan. 10, 2012
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TVs you can talk to, without sounding crazy
Talking to the TV is usually a sign of extreme agitation, mental instability or loneliness. TV manufacturers are set to make it a more rational behavior this year, with a range of sets that respond to speech. (Yonhap News)LG Electronics on Monday said it will sell a remote with its high-end fla
IndustryJan. 10, 2012
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Hawking: Mankind must colonize space
(AP)British physicist Stephen Hawking says mankind faces the threat of nuclear annihilation and should build colonies on Mars and beyond.Hawking made the remarks on a radio program to mark his 70th birthday, responding to questions submitted by listeners, The Daily Telegraph reported Friday."It is p
TechnologyJan. 10, 2012
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Nicotine could ward off memory loss: study
Older adults who are starting to have problems with memory may benefit from small amounts of nicotine therapy, according to a US study published on Monday.The research in Neurology, the medical journal of the American Academy of Neurology, included 74 non-smokers with an average age of 76. Half were
TechnologyJan. 10, 2012
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Apple CEO Tim Cook could top pay list in 2011
LOS ANGELES (AP) _ Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before cofounder Steve Jobs died. An Associated Press review of a securities filing shows Cook's pay pac
TechnologyJan. 10, 2012
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Global warming delays natural patterns of glaciation, researchers say
Unprecedented levels of greenhouse gases in the Earth's atmosphere are disrupting normal patterns of glaciation, scientists said.The Earth's current warm period that began about 11,000 years ago should give way to another ice age within about 1,500 years, according to the study published online Jan.
TechnologyJan. 10, 2012
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MSCI opens Korea office; no hint of imminent status upgrade
Head of index compiler MSCI Inc. said Monday that the Korean stock market’s failure to achieve developed status stems from its “inefficiencies." “There are two important areas that need further development,” said Henry Fernandez, chairman and CEO of MSCI, at a news conference held in Seoul to mark the official launch of the company’s Seoul office. Fernandez said the first issue was the structural problems that hamper the market access for international investors who want to rebalance their equi
Jan. 9, 2012
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Samsung sweeps Russian mobile handset market
Samsung Electronics Co., the world’s second-largest handset maker, swept the Russian mobile phone market, ranking first in four categories in November last year, a research firm said Monday.Samsung Electronics took first place in the Russian mobile phone market in terms of units sold and their value in November, while its smartphones were named best products for both sales volume and revenue, according to global market researcher GfK Group.It was the first time that the Samsung Electronics toppe
IndustryJan. 9, 2012
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Korea seeks to boost textile exports by 6.4% in 2012
South Korea’s textile industry seeks to increase its exports to a 12-year high this year amid hopes of growing shipments to the United States following the soon expected implementation of a free trade agreement , a local industry group said Monday.The Korea Federation of Textile Industries said the country’s total exports this year will likely reach $17 billion, up 6.4 percent from $16 billion last year.“Economic conditions are still not very good due to the financial crisis in Europe, but the f
IndustryJan. 9, 2012
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New Park Hyatt general manager checks in
The Park Hyatt Seoul has appointed Frederic Boulin as general manager of the hotel. “As the hotel’s new general manager, I will forge ahead with our partners and our talented, devoted team to bring out the unique luxury positioning of the Park Hyatt Seoul,” he said.Boulin has extensive experience in Asia, most notably as executive assistant manager of food and beverages at the Grand Hyatt Seoul in 2002, and with the Grand Hyatt Hong Kong and Shanghai working in the Food and Beverage Development
IndustryJan. 9, 2012