Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Hyundai Motor to offer suppliers advance payments
Three major units of Hyundai Motor Group have decided to pay their subcontractors in advance ahead of the Chuseok holidays.There are about 2,800 Hyundai subcontractors, with the advance payments for their coming auto parts supply to total 1.15 trillion won ($1.06 billion), group officials said Monda
Aug. 29, 2011
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SKT wins coveted wireless spectrum
Fierce bidding for the 1.8 GHz bandwidth ends at 995 billion wonSK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The K
IndustryAug. 29, 2011
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Gold still No.1 reward for long-serving workers
Amid soaring gold prices, companies maintain gold reward for long-term workersLotte Department Store, a leading retailer, has maintained a unique reward system for long-term employees for more than 20 years ― offering a gold nugget. Starting with the 10 dons of gold given to workers who have worked
IndustryAug. 29, 2011
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BASF to invest in Korea
The chemicals company BASF SE will begin looking ofr a Korean firm to invest in, on Tuesday as part of the Global Alliance Project Series program, the Ministry of Knowledge Economy announced Monday. Through the program, the German chemicals giant will present investment plans to local battery and or
IndustryAug. 29, 2011
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Korea unveils world’s largest tidal power plant
Korea introduced the world’s largest tidal power plant on Monday, eight years after it broke ground for a project aimed at boosting renewable energy use. The facilities in Sihwa on the western outskirts of Seoul will enter full-fledged operation in December with a total capacity of 520 megawatts, th
IndustryAug. 29, 2011
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Samsung’s insurance units top payment reserve lists
Samsung Life and Samsung Fire & Marine hold the largest payment reserves among local life and non-life insurance companies, according to the Financial Supervisory Service.FSS data showed that Samsung Life holds 99.1 trillion won ($91.7 billion) in provisions for insurance payments to customers, topp
Aug. 29, 2011
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BAT Korea eyes premium cigarette market in Korea
Company targets sector that grows fastBritish American Tobacco Korea is striving to shore up its presence in the Korean market with premium cigarette products.The Korean unit of the global manufacturer has been diversifying its portfolio of pricey cigarettes with Dunhill and Kent brands in a bid to
IndustryAug. 29, 2011
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BAT Korea committed to social contribution
British American Tobacco Korea is shoring up its social responsibility efforts through community services and funds for social enterprises and cultural foundations.The multinational group’s local unit said it has been striving to map out campaigns that contribute to Korean society, offering more tha
IndustryAug. 29, 2011
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Apple wins more delay from Samsung in Australia tablet sale
Apple Inc. won a further delay in the release of Samsung Electronics Co.’s newest tablet computer in Australia, with the South Korean company agreeing not to sell the Galaxy Tab 10.1 until the end of September. Apple, based in Cupertino, California, sued Samsung in Sydney Federal Court last month, c
TechnologyAug. 29, 2011
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SK Telecom wins 'golden' spectrum license for 995b won
SK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The Korea Communications Commission said KT decided to raise the whit
TechnologyAug. 29, 2011
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Glass ceiling remains in S. Korea's big firms
SEOUL, Aug. 29 (Yonhap) -- South Korean women working for big companies remain at a disadvantage in getting promotions despite calls for more female CEOs and senior managers, a report by a local think tank said Monday.The Korean Women's Development Institute (KWDI) said that as of late last year, th
IndustryAug. 29, 2011
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Korea could lower growth outlook for this year: minister
South Korea could revise downward its growth outlook for this year, the nation's top economic policymaker hinted Monday, citing lingering uncertainties at home and abroad."Overall, there are downside risks (on growth)," Finance Minister Bahk Jae-wan told a forum held in central Seoul. "We stick to o
Aug. 29, 2011
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S. Korea's current account surplus hits 9-month high in July
South Korea's current account surplus increased to the highest level in nine months in July as exports hit a record high even amid global economic uncertainty, the central bank said Monday.The current account surplus reached US$4.94 billion in July, more than doubling from a revised $2.03 billion th
Aug. 29, 2011
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Three decades of arduous struggles against HIV/AIDS epidemic
In the three decades since HIV and AIDS were first identified, patients, activists and medical researchers have been struggling against not only the disease itself but also the social stigma it brings.Thanks to their strenuous efforts, AIDS is now perceived as a chronic illness rather than a death s
TechnologyAug. 28, 2011
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U.S. air travel disrupted
By Shin Hyon-heeHurricane Irene triggered cancellations of thousands of flights over the weekend as the storm raced up the United States’ northeastern shore. Korean Air, Korea’s top airline, pre-canceled its routes to and from New York on Saturday and Sunday, and delayed Washington-bound services by
IndustryAug. 28, 2011
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Kia hybrid seeks Guinness record
Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Optima hybrid mid-size car will try to set a new Guinness World Record for the best mileage car by driving through the United States.The Guinness challenge started with an Optima sedan leaving its production plant in West
MobilityAug. 28, 2011
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BMW expects Mercedes-Benz to start 2012 as top seller
Bayerische Motoren Werke AG’s BMW, on a pace to become the top-selling luxury auto brand in the U.S. this year, will probably be outsold by Daimler AG’s Mercedes-Benz early next year, a top executive said. Updated C-Class compact Mercedes models will go on sale later this year and probably mak
MobilityAug. 28, 2011
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Prejudice about HIV/AIDS persists
Experts say continuing stigma makes medical situation worseBUSAN ― Despite advancements in treatment, the struggles of people living with HIV/AIDS will never end as long as stigma and discrimination against them continues, activists and medical researchers said during an international forum here las
TechnologyAug. 28, 2011
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‘Break your silence and speak out’
BUSAN ― Leaders at the forefront of global endeavors to combat HIV/AIDS called on those suffering from the epidemic to break their silence and speak out during an international forum here last week. They also stressed that an embracive social, legal environment is crucial to help them come out and g
TechnologyAug. 28, 2011
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Starbucks to sell VIA instant coffee in Korea
Korean consumers will be able to enjoy sipping instant coffee offered by Starbucks from next month, the Seattle-based company’s Korean branch said Sunday. The Korean introduction of the Starbucks VIA Ready Brew is scheduled for Sept. 16 at 363 Starbucks coffee houses here, Starbucks Korea spokeswoma
IndustryAug. 28, 2011