Most Popular
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What is South Korea’s 4B movement?
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Dialogue launches without junior doctors, main opposition
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LG eyes footing in aerospace with possible SpaceX deal
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Seoul to begin UAM demonstration services in 2025
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[Herald Interview] JobKorea’s Klik brings jobs, community to growing foreign workforce in Korea
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Push for Seoul getting own nuclear arms gains steam after Trump win
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[Graphic News] Rising wedding costs raise cash gift expectations
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[From the Scene] Step inside the world of 'Squid Game 2'
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Actor Song Jae-rim dies at 39
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'Are you a T?' is a new put-down in S. Korea
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Regulator considering limiting micro credit card payments
The Financial Services Commission said Monday that it is considering allowing businesses to reject credit cards for small payments.The potential upper limit would be 10,000 won ($8.55) similar to the United States and Canada, which impose a $10 cap, the nation’s top financial regulator said. “This i
IndustryOct. 10, 2011
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New EUCCK head stresses deregulation, logistics
The head of the European Union Chamber of Commerce in Korea said Monday that Seoul must do more to ease business-related restrictions and improve its logistics infrastructure.In a news conference to mark his appointment as EUCCK president, Jean-Luc Valerio said change is needed if South Korea wants
Oct. 10, 2011
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Regulator considering limiting micro credit card payment
The Financial Services Commission said Monday that it is considering allowing businesses to refuse credit card payments for “micro amounts.”The potential upper limit would be 10,000 won ($8.55) considering similar cases in the United States and Canada, which impose a $10 cap, the nation’s top financ
Oct. 10, 2011
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General Motors to celebrate centennial of Chevrolet
General Motors will celebrate the 100th anniversary of its flagship brand Chevrolet in Detroit, U.S., this week where the first Chevy was built in 1911, GM Korea said on Monday.Chevrolet traces its roots to the dawn of the U.S. auto industry and has expanded from its traditional markets in North Ame
IndustryOct. 10, 2011
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Caution advised on surging software, entertainment shares
Despite gloom in the broader stock market, software and entertainment shares outperformed at a steady pace this year, suggesting that investors have yet to discover value in select stocks on the Seoul bourse. Price-to-earnings ratios, a key yardstick for measuring stock’s valuation, reached 26 for s
Oct. 10, 2011
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IAEA forum aims to lift awareness of nuclear power
Nuclear experts aim to allay fears of atomic energy after Japan crisisThe International Atomic Energy Agency’s workshop for public information on new nuclear power plants kicked off in Seoul on Monday.The five-day event organized by the Korea Nuclear Energy Promotion Agency in collaboration with the
IndustryOct. 10, 2011
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Samsung reports LED breakthrough
Samsung Electronics Co. said Monday that its researchers reported a breakthrough in light-emitting diode technology that will allow production of ultra-large advanced display panels on ordinary glass, such as window panes. Samsung Advanced Institute of Technology succeeded in fabricating nearly sing
IndustryOct. 10, 2011
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Pension agency’s investment in foreign property jumps
Investment by South Korea’s state-run pension fund in overseas properties jumped almost nine times this year, compared with that of the 2008 global financial crisis, according to data Monday, showing its effort to diversify its asset portfolio.The investment in overseas real estate by the National P
Oct. 10, 2011
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Sperm donors father ‘families’ in U.S., Canada
Concerns raised about lax rules on use of donated sperm in North AmericaMONTREAL (AFP) ― In a scenario straight from science fiction, experts are increasingly concerned about lax rules for sperm donors in the U.S. and Canada where some men have anonymously fathered dozens of children.Unlike in some
TechnologyOct. 10, 2011
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Korea rice output to fall to 31-year low
South Korea’s rice production is expected to fall to the lowest level in 31 years due to bad weather and a steady decrease in the size of rice paddies, a government report showed Monday.The report by Statistics Korea said the country’s rice production could reach 4.21 million tons this year, down 1.
Oct. 10, 2011
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River project at core of Korea’s green growth vision
New reservoirs to ratchet up water security, renewable energy useThe government’s five-year river refurbishment project epitomizes Korea’s commitment to “green growth,” a development model aimed at balancing environmental conservation and economic prosperity. President Lee Myung-bak has stressed cle
Oct. 10, 2011
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FTA boosts European car sales in Korea
European carmakers have far surpassed Korean companies in vehicle sales growth since the implementation of the Korea-EU Free Trade Agreement on July 1.Hyundai Motor and its affiliate Kia Motors saw their yearly sales growth inch up 2.7 percent at home, according to the Korea Automobile Research Inst
MobilityOct. 9, 2011
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Merck Korea opens new R&D laboratory on OLED
Merck Ltd. Korea said on Sunday that its new Application Development Laboratory has gone into operation at the Advanced Technology Center in Poseung, Pyeongtaek in southwestern Gyeonggi Province. The multinational company started the operation after holding an opening ceremony for the laboratory, bu
Oct. 9, 2011
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Samsung, LG family names used illegally for overseas fraud
Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married
IndustryOct. 9, 2011
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KRX holds investor session in Hong Kong for Korean firms
HONG KONG ― The KOSDAQ Global Investors Conference took place at Shangri-La Hotel on Friday, offering a venue for an investment relations session for 12 South Korean companies traded on the tech-heavy KOSDAQ. The first-ever IR conference for the leading firms listed on the secondary stock market was
Oct. 9, 2011
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KDB in talks with HSBC to take over Seoul branch: report
KDB Financial Group has been in talks with HSBC to take over the foreign bank’s Seoul branch, according to a news report on Sunday.The KDB refused to reveal details. “It is true that we are moving to acquire a bank. But it is uncertain at the current stage as to whether it (M&A target) will be HSBC,
Oct. 9, 2011
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BMW strives to enlarge Mini market with new cabriolet
Boris Knoblich is one of the reasons why Bayerische Motoren Werke AG is struggling to create a bigger market for the Mini. The 37-year-old media consultant from Berlin doesn’t have the Munich-based manufacturer’s urban car brand on his shopping list, rejecting the new two-seater Mini coupe that his
MobilityOct. 9, 2011
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Hyundai SUV picked as testbed for European fuel cell undertaking
Hyundai Motor Co.’s Tucson ix has been selected as the sole fuel cell testbed vehicle for Europe, Hyundai Motor Group said last week.The automotive group, whose flagship companies include Hyundai and Kia Motors Corp., said the selection by the European Union parliament showcases the competitiveness
MobilityOct. 9, 2011
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Stores’ sales boom during Chinese golden week
Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compare
IndustryOct. 9, 2011
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Korean stock market expected to outperform Asian peers
South Korea‘s stock market is expected to outperform other Asian markets thanks to its strong manufacturing sector amid growing uncertainties over the global economy, an expert said Friday.South Korea’s equity market has been volatile in recent sessions amid lingering woes over the debt crisis in Eu
Oct. 9, 2011