Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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[Herald Interview] Guggenheim Museum makes a push for technology-based art with LG
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Tensions heighten ahead of first president-opposition chief meeting
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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New chief named to anti-corruption body
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[Music in drama] An ode to childhood trauma
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10 savings banks may face sanctions
FSS winds up inspection of 85 secondary banking institutionsFinancial regulators are expected to issue another round of sanctions against a group of savings banks after completing an intensive inquiry into the secondary banking industry.Under its policy of revamping the industry tarnished by the cor
Aug. 22, 2011
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Flood damage drives car claims to record
South Korean non-life insurers saw the number of monthly car claims reach a fresh high in July, due to damages triggered by the record downpours that pounded the metropolitan area last month, data showed Monday.A total of 11,362 reports on car damages were received in July, with local insurers expec
Aug. 22, 2011
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Renault Samsung staff set up new trade union
Workers at Renault Samsung Motors Co., the local unit of French automaker Renault SA., said Monday that they have launched a new trade union to advance the rights of members.The newly formed labor union consisting of 200 members effectively marks the first time that a union has been set up at the ca
Aug. 22, 2011
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Firms use games for marketing
SK Telecom, LG Electronics team up with game firmsFirms are turning their eyes to the online game industry for better marketing not only in Korea but also in the overseas markets.SK Telecom, the country’s top mobile carrier, said Monday it would join hands with NHN, operator of well-known online gam
IndustryAug. 22, 2011
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Ships emerge as S. Korea’s No. 1 export item
Ships have emerged as South Korea’s leading export item this year, outpacing overseas sales of other previous flagship goods such as semiconductors and automobiles, customs data showed Monday.South Korea exported $36.13 billion worth of ships during the January-July period, according to data by the
Aug. 22, 2011
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Korea sovereign risk rises, credit default swap shows
Investors see South Korea’s bond and stock markets still highly vulnerable to external shocks despite improved economic fundamentals, data showed on Sunday. The Korean financial markets recently flucuated far more than other markets in the wake of the global shock sparked by the downgrade of the U.S
Aug. 21, 2011
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Ssangyong E&C expands presence in Malaysia’s high-end housing
Ssangyong Engineering and Construction Co., which has been focusing on luxury building projects in its overseas operations, is making headway in the growing market for luxury residential properties in Malaysia. Last week, the company announced that it won a $145 million contract to build two luxury
IndustryAug. 21, 2011
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Hacking strikes Epson, Gabia
Firms, government urged to step up efforts for better security oversightHackers have struck once again, this time at a local branch of a Japanese company to expose the personal information of up to 350,000 users amid rising concerns over hacking in the world’s most wired country. Epson Korea, the lo
IndustryAug. 21, 2011
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Korea’s quality of life stagnant: report
The quality of life in Korea is one of the lowest among members of the Organization for Economic Cooperation and Development and G20 nations, a Korea Development Institute, report showed Sunday.According to the Ministry of Strategy and Finance, the KDI report on developing indexes for measurin
Aug. 21, 2011
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Hana’s KEB takeover set to shape up soon
Hana Financial Group Inc., South Korea’s No. 4 banking group, will be able to know whether it can buy Korea Exchange Bank as early as next month, when a Seoul court rules on a pending court case that has stalled the acquisition, sources said Sunday.Under a 4.41 trillion won ($4.07 billion) deal with
Aug. 21, 2011
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4 at Deutsche Bank indicted over stock manipulation
Four employees of Deutsche Bank AG and Deutsche Securities Korea have been indicted on charges of gaining unlawful profits by manipulating stock prices, the Seoul Central District Prosecutors’ Office said Sunday. Of the four, three work at Deutsche Bank’s Hong Kong branch including one executive.The
Aug. 21, 2011
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Gloomy outlook clouds Korea’s markets
With jittery investors struggling to glean any hint of reprieve from the deepening global financial woes, the outlook remains gloomy on international fronts, particularly Europe and the U.S., analysts said Sunday. “By now it is clear that a recession is imminent in the U.S. and Europe. A lot of inve
Aug. 21, 2011
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Gold prices in S. Korea continue to break record
Domestic gold prices set a fresh record high again on Saturday on increased demand for safer assets amid concerns over a slowdown in the U.S. economy and lingering debt problems in Europe, industry sources said.The retail price of 1 don (3.75 grams) of pure gold in the country stood at an all-time h
Aug. 21, 2011
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Household food spending grows fastest in 2nd quarter
South Korean household food expenditures grew at the fastest clip ever in the second quarter amid record-high spending on car fuel, stoked by runaway food and energy costs, data showed Sunday.Household spending on food and non-alcoholic beverages jumped 8.9 percent on-year to a monthly average of 32
Aug. 21, 2011
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Audi reveals ultra-light urban concept car
Ingolstadt, Germany (DPA) ― Audi has revealed an ultra-light concept car designed for congested urban areas combining what it says are elements of a racing car, a fun car and an urban car fitted intoa radical new idea. Audi urban conceptOrientated strictly on light weight construction the wheels are
MobilityAug. 21, 2011
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BMW X3 with extended range of engines
Munich (DPA) ― BMW is offering the X3 Sports Activity Vehicle with an extended range of engines promising more performanceand greater fuel efficiency as well as options including a real-timetraffic information function. BMW X3From the European autumn this year the X3 will come with a choiceof three
MobilityAug. 21, 2011
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Volvo recalls S80 sedan for steering fluid leak
Global automaker Volvo is recalling 447 cars in South Korea due to a detective hose that could lead to leakage of power steering fluid, the government said Thursday. Volvo-S80The vehicles subject to the recall are the S80 passenger sedans produced between March 8, 2006, and May 16, 2007, according t
MobilityAug. 21, 2011
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Kia, GM Korea vie for city car sales
Kia Motors Corp. and GM Korea Co. have been in keen competition to dominate the growing “city car” market at home as high fuel prices continue to burden households.According to the Korea Automobile Manufacturers Association, local sales of automobiles with engine displacements of up to 1 liter grew
MobilityAug. 21, 2011
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Lexus readies new GS to win sales lost to BMW, Mercedes
Toyota Motor Corp.’s Lexus, set to lose its position as the top-selling U.S. luxury car brand after 11 years, is revamping its line to regain sales lost to Daimler AG’s Mercedes-Benz and Bayerische Motoren Werke AG’s BMW. The 2013 Lexus GS 350 goes on sale in February with a new look, larger interio
MobilityAug. 21, 2011
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Clean-energy cars on the rise in Korea
Nearly 50,000 clean-energy vehicles have been sold in South Korea as local automakers have broadened their lineups of eco-friendly cars in line with the government’s “green growth” policy, the Environment Ministry said.The aggregate number of eco-friendly cars sold in South Korea until last year sto
MobilityAug. 21, 2011