Most Popular
-
1
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
2
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
3
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
4
DP leader says he will meet Yoon without conditions
-
5
First-ever meeting of president, opposition chief set to finally happen
-
6
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
7
Experts raise concerns about Japan putting pressure on Naver over Line
-
8
Samsung mobile chief, Google device head meet in Seoul
-
9
Ship linked to NK arms shipments to Russia is moored in China: State Dept.
-
10
[Kim So-hyun] The quiet taxi driver from Paris
-
Merck seeks Korean partners for growth and diversification
Merck Korea, the local unit of German-based Merck KGaA, is looking to broaden ties with Korean companies to spearhead new technologies for future growth, its president Juergen Koenig said Tuesday. The world’s oldest pharmaceutical and chemical group has been expanding its sphere into new fields such as electronics, biotechnology and renewable energy in recent years. As part of its growth strategy,
IndustryMay 31, 2011
-
Hyundai Heavy Q1 figures soar on ship, equipment sales
Hyundai Heavy Industries Co.’s first quarter revenues jumped 70.1 percent from a year ago buoyed by rising ship and construction equipment sales, the company said Monday.According to the regulatory filing, Hyundai Heavy posted first quarter sales of 12.7 trillion won ($11.8 billion), up 70.1 percent from the same period last year.The company’s operating profits for the period came in at about 1.71
IndustryMay 31, 2011
-
China’s Baitong to invest $70 million in Jeju resort
The China-based real estate developer Baitong Group will invest $70 million in a resort complex development project on the South Korean island of Jeju.According to the Ministry of Knowledge Economy, Baitong Group plans to build condominiums on the southern island that will be sold to Chinese consumers. The Chinese company’s intentions were confirmed at an event held on the sidelines of a conferenc
May 31, 2011
-
SKT spins off platform unit
SK Telecom, the country’s top mobile carrier, announced Tuesday it would split its platform division and create a new platform subsidiary, which will be in charge of non-mobile businesses, as early as October.“The company has made the decision to build a new subsidiary to form business operation structures and business cultures that are a good fit to the two separate telecom and platform sectors,”
IndustryMay 31, 2011
-
African nations learn standardization from LG
LG Electronics, the flagship unit of LG Group, is passing down its know-how for standardizing technology to African nations to help bolster growth in the region, the Seoul-based company said.The African Organization for Standardization and the chiefs of technology standardization at eight other African countries gathered at the standardization test lab in LG Electronics’ research and development c
IndustryMay 31, 2011
-
Major retailers face probe over commission charges
The Korea Federation of Small and Medium Businesses has launched a probe into major retailers including Lotte, Hyundai and Shinsegae over alleged anticompetitive practices such as imposing unfairly high commission fees on dealers, it said Tuesday.The non-profit organization will investigate whether merchants selling their products through major retailers are being bullied with commission fees far
May 31, 2011
-
Industrial output grows 6.9% in April
Korea’s industrial output continued to grow in April, but its expansion pace slowed, raising concerns the nation’s economic recovery may be losing momentum, a government report showed Tuesday.According to the report by Statistics Korea, production in the mining and manufacturing industries rose 6.9 percent last month from a year earlier, decelerating from a revised 9 percent growth in March.On-yea
May 31, 2011
-
Interest burden on household debt remains high
The interest payment burden on household debt has reached 480,000 won ($447) per head annually, the Bank of Korea said, revealing the exceedingly high level of loans and credit card bills taken up by the private sector.The figure from this March is the second-highest level after it reached a record high of 485,838 won for the one-year period ending last March.The central bank said private loans fr
May 31, 2011
-
Ticket Monster launches business in Malaysia
Ticket Monster, the country’s largest social commerce firm, said Tuesday the company would launch its first overseas business in Malaysia in its first step into the market there.Daniel Shin, CEO and co-founder of Ticket Monster, said it recently acquired Everyday.com, which is a leading social shopping site in Malaysia.Malaysia was chosen because Ticket Monster expects the market there to grow sha
TechnologyMay 31, 2011
-
[Herald Interview] App firm Podotree gears up for overseas expansion
Podotree, a local mobile application venture firm, is gearing up for overseas business expansion, with the goal of becoming the top player in the Japanese and U.S. markets, the company’s chief executive said Tuesday.In an interview with The Korea Herald, CEO Lee Jin-soo said the company released its Cube Dog 3-D Toy mobile application in global app stores, except the Japanese market, on Tuesday. T
TechnologyMay 31, 2011
-
Social network services expand reach online
SNS increasingly used as tools for broadcast, dating, communication and shoppingChung Jang-hwan, CEO of business social network website Linknow, had never dreamed of being hired through such an online service before.Formerly employed at L&S Investment and AT&T, Chung posted his resume on the Korean Linknow site without pinning much hope on the move.However, he was called in for an interview by Lin
TechnologyMay 31, 2011
-
Russia bans German, Spanish vegetable imports
MOSCOW (AFP) ― Russia on Monday banned the import of all vegetables from Germany and Spain and warned the sanction could soon be applied to the rest of Europe because of the deadly E. coli bacteria scare.The country’s consumer protection watchdog said in a statement that the ban covered “raw vegetables” including tomatoes, cucumbers and salad produced in Germany and Spain.Vegetables including Germ
IndustryMay 31, 2011
-
74-year-old female body builder defies time
Ernestine Shepherd, 74, was recognized as the oldest female bodybuilder by the Guinness Book of World Records. (YouTube)A 74-year-old woman living in Baltimore was recognized as the oldest female bodybuilder by the Guinness Book of World Records, the Daily Mail reported Sunday. Ernestine Shepherd has “six-pack” abs which look unbelievable at her age and tries to motivate other people to lead healt
TechnologyMay 31, 2011
-
Ireland may need more EU/IMF cash
IndustryMay 30, 2011
-
Naver top ad platform in Korea
NHN Corp., Korea’s portal giant operating Naver and Hangame, proved itself a formidable advertising platform as its stake in the lucrative market reached 14 percent last year, a report showed Monday.According to the report by Digieco, a think tank affiliated with KT Corp., NHN’s ads sales topped 1.1 trillion won ($1.02 billion) last year, outstripping traditional leaders like newspapers and broadc
IndustryMay 30, 2011
-
Economy to grow 4.3% this year: poll
Korea’s economy will likely grow 4.3 percent this year, falling short of a 5 percent expansion forecast earlier by the government due to external uncertainties, a poll showed Monday.According to the survey of 32 experts by the Federation of Korean Industries, the economy will likely expand 4.4 percent in the second half of this year, with 38 percent of those surveyed citing global economic uncerta
IndustryMay 30, 2011
-
Jobs at listed firms hit new high in 2010
The number of jobs offered by South Korea’s listed companies soared to a record high last year as companies increased employment on the back of their strong earnings, data showed Monday.A total of 1.09 million people were hired by the 719 companies listed on the Seoul main stock index in 2010, up 10.8 percent from the previous year, according to the data by the Korea Listed Companies Association.
IndustryMay 30, 2011
-
S-Oil to buy into poly-silicon producer
S-Oil Corp., the country’s third largest refiner, announced Monday that it will acquire a third of Hankook Silicon Co.’s stakes as part of its drive to expand into the renewable energy business.S-Oil said that the deal, which will see the refiner gain 33.4 percent of Hankook Silicon for 265 billion won ($245 million), will be finalized next month.The company said the decision to buy into the compa
IndustryMay 30, 2011
-
SK Innovation breaks ground on new battery plant
SK Innovation Co., Korea’s top refiner, broke ground on its second plant Monday to produce batteries for electric vehicles, upping the ante for its fledgling green energy business as a next-generation revenue source.Located in Seosan, South Chungcheong Province, the facilities will start manufacturing 200-megawatt-hour batteries early next year and 300-MWh batteries by the end of 2012, SK Innovati
IndustryMay 30, 2011
-
[Herald Interview] Edwards seeks bigger Asian presence with new plant
The decision to build a plant in Korea for manufacturing dry pumps for semiconductors was a natural one designed to give Edwards a leg-up in the Asian markets. “Korea is geopolitically well-situated to be able to export to the (Asian) markets due to its proximity to the customer, ability to form intimate relationships with them and concentration on technology and right quality of people,” Mathew T
IndustryMay 30, 2011