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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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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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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LG aims for No. 1 in home appliance market in Europe
BERLIN ― An executive at LG Electronics declared Friday that the company will position itself as the top home appliance brand in the European market by 2015.In a press conference held on the sidelines of IFA 2011, Lee Young-ha, president of the company’s home appliance division, said it aims for a t
IndustrySept. 2, 2011
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Samsung confident of outpacing Apple, Google in software
BERLIN ― Samsung Electronics’ vice chairman Choi Gee-sung expressed confidence Friday that the company will take the lead in the global software industry in two years, dismissing rumors that it will take over the PC unit of Hewlett-Packard.“People are posting concerns that Samsung isn’t in the lead
IndustrySept. 2, 2011
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Mars rover Opportunity studying new surroundings
LOS ANGELES (AP) -- The Mars rover Opportunity is snapping pictures like a tourist since arriving at its latest crater destination, much to the delight of scientists many millions of miles (kilometers) away.The solar-powered workhorse beamed back images of the horizon, soil and nearby rocks that are
TechnologySept. 2, 2011
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Space junk littering orbit; might need cleaning up
WASHINGTON (AP) — Space junk has made such a mess of Earth's orbit that experts say we may need to finally think about cleaning it up.That may mean vacuuming up debris with weird space technology — cosmic versions of nets, magnets and giant umbrellas, according to the chairman of an expe
TechnologySept. 2, 2011
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Scientists develop optical film to produce 3D images
South Korean scientists said Friday that they have developed an optical film that enables ordinary displays to show images in three dimensions (3D).The Seoul National University (SNU) team said the special film uses the Lucius prism array principle to get an effect similar to the one created by view
TechnologySept. 2, 2011
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LG, Philips, Sharp join hands to boost smart TV apps
Major TV makers LG Electronics Inc., Royal Philips Electronics and Sharp Corp. agreed to join forces to ramp up applications for Internet-powered televisions, hoping that the expansion of the TV ecosystem would fuel demand for smart TVs, the Korean firm said Thursday.The three companies from South K
Sept. 1, 2011
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LG Uplus to cut mobile tariff by 1,000 won
South Korea‘s smallest mobile operator LG Uplus Corp. said Thursday that it will reduce its mobile-phone rates by 1,000 won starting in November, joining its two bigger rivals, which gave into government pressure to cut mobile fees.LG Uplus will start charging 10,900 won as its basic mobile-phone ra
Sept. 1, 2011
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Hyundai Oilbank launches oil upgrading facility
Hyundai Oilbank Co. said Thursday it has entered into full-fledged operation of its second heavy oil upgrading plant in a bid to gain an upper hand in the lucrative market.Located in Daesan, South Chungcheong Province, the new facility has been test-running since the completion of construction in Ja
IndustrySept. 1, 2011
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Trouble signs for economy
By Yang Sung-jinSouth Korea’s consumer prices surged at the fastest pace in three years in August and trade surplus shrank sharply as its soaring imports outpaced export gains, data showed Thursday. The double whammy has set alarm bells ringing over the Korean economy amid lingering worries about t
Sept. 1, 2011
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[News Focus] SKT may face difficulty financing Hynix acquisition
Telecom giant also needs huge investment for new radio spectrum and platform division spin-offFew raised doubts over SKT’s financing when the nation’s top mobile carrier submitted its letter of intent early July to acquire a 15 percent stake of the world’s second biggest computer memory chipmaker Hy
IndustrySept. 1, 2011
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Bulgogibrothers to open first overseas store in Manila
Bulgogibrothers, a local franchise specializing in Korean barbeque, said Thursday it will open its first overseas store in the Philippines on Sept. 8.The bulgogi store will be the first hansik, or Korean food, restaurant located in the city of Makati, the financial center of Manila, the company said
IndustrySept. 1, 2011
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Ssangyong, Renault lead sales growth
Ssangyong Motor and Renault Samsung Motors have taken the lead in vehicle sales growth in August, surpassing competitors Hyundai Motor, Kia Motors and GM Korea.Ssangyong Motor saw its sales surge 54.6 percent in August from a year earlier on the back of brisk exports and steady domestic demand.It so
MobilitySept. 1, 2011
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Samsung, LG to flex muscle at IFA 2011
Korean and foreign firms to show new TVs, smartphones, tablet PCs during 6-day global trade showBERLIN -- The global trade show IFA 2011 kicked off in Germany on Friday, unveiling a number of new wireless gadgets and smart home appliances.LG Electronics featured 3-D total solutions -- the 3D TV, 3D
IndustrySept. 1, 2011
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Lottery sales in Korea up 10.2% in H1
People line up to buy lottery tickets at Kookmin Bank in Seoul on Thursday. (Park Hyun-koo/The Korea Herald)Lottery sales in South Korea rose more than 10 percent in the first half of the year, data showed Thursday, raising expectations that full-year sales may reach a seven-year high.Lottery s
Sept. 1, 2011
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SK to hire 2,100 workers in second half
SK Group plans to scout for 2,100 young and experienced talents in the latter half of the year, the country’s third-largest conglomerate said Thursday.With another 2,900 already hired in the first half, the figure will be added to mark a record number of 5,000 new employees for the year, up nearly 4
IndustrySept. 1, 2011
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POSCO sponsors second multicultural wedding
Six multicultural couples with financial difficulties were married in a joint ceremony sponsored by the steelmaker and Gangnam-gu office on Thursday.The couples were selected from the 1,010 multicultural families living in Gangnam-gu who are married but have not been able to hold a wedding ceremony
IndustrySept. 1, 2011
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[Herald Interview] Thai convention and exhibition gateway to business in region
Thailand Convention and Exhibition Bureau organized a road show in the Seoul and Busan this week to promote the country’s trade shows as a preferred business platform in Southeast Asia.To make it more attractive, the TCEB has put in place supporting policies for Korean businesses attending such trad
Sept. 1, 2011
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Loan delinquency rate reaches 11-month high
Price hikes weaken households’ ability to pay debts in JulyCommercial banks saw the ratio of overdue household loans reach the highest level in 11 months in July, despite financial regulators’ countermeasures to curb lending growth.The delinquency rate in banks’ household loans posted 0.77 percent i
Sept. 1, 2011
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SaKong to discuss Chinese economy in Beijing
SaKong IlSaKong Il, head of the Korea International Trade Association, plans to discuss the Chinese economy at a forum in Beijing this weekend, the trade agency said Thursday.About 60 economists and experts around the world will take part in the High-level China 2030 Conference on Saturday hosted by
IndustrySept. 1, 2011
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Kim Gi-ho becomes new CEO of Yes24
Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I
IndustrySept. 1, 2011