Most Popular
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Lime green plates deepen slump in Korea’s luxury car sales
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Yoon's approval rating hits new low: poll
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[AtoZ into Korean mind] Koreans do things quickly. Is it efficiency or lack of patience?
![[AtoZ into Korean mind] Koreans do things quickly. Is it efficiency or lack of patience?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/11/20240911050895_0.jpg&u=20240916160500)
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Calories that stalk the Chuseok table
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N. Korea to hold key parliamentary meeting on Oct. 7 to revise constitution
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North Korea sends top envoy to Russia as it girds for friction with Seoul
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'Keep IU off the grass': Soccer fans oppose K-pop concerts at World Cup Stadium
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3 dead after fishing vessel capsizes near Gunsan
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While webtoons gain momentum overseas, in Korea demand wanes
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Seoul-bound traffic clogged on 4th day of Chuseok holiday
![[AtoZ into Korean mind] Koreans do things quickly. Is it efficiency or lack of patience?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/11/20240911050895_0.jpg&u=20240916160500)
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FTA levels playing field for U.S. car makers in Korea: Kirk
WASHINGTON (Yonhap News) ― U.S. Trade Representative Ron Kirk said Monday that a free trade agreement with South Korea, approved by Congress last week, will enable South Koreans to buy American cars “at an affordable price” and reaffirmed a plan to renew a push for opening South Korea’s beef market
IndustryOct. 18, 2011
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Trade surplus with 5 FTA partners more than doubles
South Korea saw its trade surplus with five economic entities with which it has free trade agreements more than double last year, as trade volumes with them surged on the back of the deals, a report showed Tuesday.According to the report compiled by the trade ministry, South Korea logged a combined
Oct. 18, 2011
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SK unit to export naphtha tech to China
SK Innovation, Korea’s top refiner, said Tuesday it has clinched a deal with China’s Yanchang Petroleum Corp. to export its catalyst technology used to break down naphtha. First developed by SK and the Korea Research Institute of Chemical Technology in 2008, the Advanced Catalytic Olefins process al
IndustryOct. 18, 2011
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Samsung boosts smartphone clout
Tech giant to unveil Galaxy Nexus in Hong Kong this WednesdaySamsung Electronics is moving to further expand its market share in smartphones, while continuing its patent fight against rival Apple Inc.On Wednesday Samsung is to unveil a new smartphone dubbed the “Galaxy Nexus,” which will run on the
TechnologyOct. 18, 2011
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Seoul shares fall 1.41 percent on fading eurozone optimism
South Korean stocks closed 1.41 percent lower on Tuesday as remarks from Germany dampened investor hopes on the eurozone debt crisis resolution ahead of a European Union summit later this week, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI slumped 26.28 points to
Oct. 18, 2011
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Foreign banks mixed on Korea rate outlook
Major foreign investment banks forecast South Korea’s central bank to freeze its key interest rate for the remainder of the year, while some expect a rate hike or a cut, a report showed Tuesday.The Bank of Korea froze the benchmark rate at 3.25 percent in October for the fourth straight month as sig
Oct. 18, 2011
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Card issuers expected to reap huge profits from loan services
South Korean credit card firms are expected to rake in huge profits this year from their loan services as more cardholders take out cash advances on their credit cards amid tightened lending regulations, industry sources said Tuesday. Credit card companies posted a combined profit of 679 billion won
Oct. 18, 2011
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Samsung Fire expands sales in China
Samsung Fire & Marine CEO Chi Dae-sub (second from left, front row) poses at an event to celebrate the opening of a branch in Tianjin, China. (Samsung Fire & Marine)Samsung Fire & Marine Insurance, which holds about 30 percent of the Korean non-life insurance market, has been active in tapping the C
Oct. 18, 2011
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Hana pushes to cut KEB price
Chairman Kim Seung-yu visits U.S. to woo investorsHana Financial Group is expected to launch actions to placate opponents of the group’s planned takeover of Korea Exchange Bank from Lone Star Funds.Hana spokespeople said the move will come after the Financial Services Commission orders Lone Star, co
Oct. 18, 2011
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GS Caltex strives to achieve shared growth
Korea’s No. 2 refiner scales up cash payments, low-interest loans and technical training for suppliersGS Caltex, the country’s second-largest oil refiner, is stepping up efforts to support its small vendors and suppliers as it strives to create a level playing field in Asia’s fourth-largest economy.
IndustryOct. 18, 2011
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Hanwha Group to plant forest in Mongolia
Hanwha Group, which is developing solar power as a future growth engine, is lending a helping hand to the fight against desertification.The Korean conglomerate, which sponsored the United Nations Convention to Combat Desertification meeting in Changwon, South Gyeongsang Province in October, is condu
IndustryOct. 18, 2011
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Hanwha looks to solar power to fuel growth
Conglomerate is working on additional production facility for solar power equipment in ChinaHanwha Group’s vertical integration of its solar power businesses is nearing completion as it seeks to take on the growing global market for solar energy and develop the business into a growth engine for the
IndustryOct. 18, 2011
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Apple sells 4M-plus new iPhone models in 3 days
The Leon Guerrero family, on vacation from Dallas, show off their new Apple iPhone 4S phones they purchased at a Sprint store in San Francisco. Apple said Monday, Oct. 17, 2011, it sold more than 4 million units of the new iPhone model in three days. It's selling more than twice as fast as the previ
TechnologyOct. 18, 2011
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Trade surplus with 5 FTA signatories more than doubles
SEOUL, Oct. 18 (Yonhap) -- South Korea saw its trade surplus with five economic entities with which it has free trade agreements(FTAs) more than double last year as trade volumes with them surged on the back of the deals, a report showed Tuesday.According to the report compiled by the trade ministry
Oct. 18, 2011
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Jeonse giving way to monthly rent: report
Nearly half of all tenants in South Korea have signed up for a monthly rent contract, a report showed on Monday, underscoring the shift in tenancy agreements accelerated by a prolonged period of low interest rates and stagnant property prices. According to Real Estate 114, the proportion of the mont
Oct. 17, 2011
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Samsung widens campaign to ban iPhone 4S sales
Samsung heir apparent attends Steve Jobs’ memorial in the U.S.Samsung Electronics said Monday it filed for a sales ban on Apple’s latest smartphone in Japan and Australia, while its heir apparent Lee Jae-yong visited the U.S. to attend the memorial service of Apple’s late co-founder, Steve Jobs.The
IndustryOct. 17, 2011
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Credit card firms to cut transaction fees
Regulator’s move to promote ‘shared growth’ is met with protestKorea’s major credit card firms said on Monday they would slash the transaction fees they collect from small merchants as a reluctant response to the growing calls for a rate cut to bolster their shaky profits amid regulatory pressure. S
Oct. 17, 2011
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Deal to boost exports of local parts, materials
Korea’s parts makers are set to expand supplies to U.S. industrial giants Caterpillar and Applied Materials Inc., as well as Samsung Electronics as part of a government program for shared growth.The Ministry of Knowledge Economy said Monday it has signed two agreements to shore up cooperation betwee
IndustryOct. 17, 2011
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New KEPCO head pledges to bring financial soundness
The new chief executive of the Korea Electric Power Corp. vowed on Monday to improve the company’s financial structure as a primary goal for his three-year term.Kim Joong-kyum, a former head of Hyundai Engineering & Construction Co., took office at the state-run utility a month ago.“Financial soundn
IndustryOct. 17, 2011
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Chung stresses partnership with Georgia government
Hyundai Motor Group chairman Chung Mong-koo (right) greets U.S. Georgia Gov. Nathan Deal who visited the Korean carmaker’s headquarters in southern Seoul on Monday. (Hyundai Motor)Hyundai Motor Group chairman Chung Mong-koo stressed partnership with Georgia Gov. Nathan Deal in the company’s welcomin
IndustryOct. 17, 2011
