Most Popular
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Naver’s Line ownership in jeopardy as Japan ups pressure
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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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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[Today’s K-pop] NewJeans' single teasers release amid intrigue
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New Jeep Compass hits local market
Chrysler Korea launched the new Jeep Compass on the local market on Sunday.According to the company, the latest version of the Compass comes with a host of convenience and safety features, including a nine-speaker sound system, cruise control and anti-theft systems.The vehicle also comes with a voice-activated multimedia system with MP3 and DVD player and 30 gigabit hard disk, the company said. Th
MobilityMarch 13, 2011
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Free Ssangyong checkup to mark Korando C
Ssangyong Motor Co. is operating a free checkup campaign until March 19 to mark the launch of its new crossover utility vehicle Korando C.During the period, free checkup services are available at 326 service centers across the country. All Ssangyong vehicles excluding large commercial vehicles are eligible to receive services.The checkup will go over 10 items including the air conditioning system,
MobilityMarch 13, 2011
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Veloster prize in Hyundai music video contest
Hyundai Motor Co. is holding a music video producing contest offering the new Veloster coupe as the top prize.The contest, which runs from Monday until April 25, is open to those over the age of 18.To enter, applicants need to produce an 80-seond-long music video for Mason Bates’ Mothership Remix to the theme of the carmaker’s new slogan “New Thinking. New Possibilities.”Applications can be filed
MobilityMarch 13, 2011
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Win Chevrolet cars with GM Korea
GM Korea Co. is holding an online promotion event for Chevrolet vehicles offering one each of the six Chevrolet models ― Aveo, Camaro, Cruze, Captiva, Orlando and Spark.The event, which will run from Tuesday until April 30, requires contestants to write short notes about the six Chevrolet vehicles at the event’s website at www.event.chevrolet.co.kr in the first stage.In the second stage, contestan
MobilityMarch 13, 2011
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Audi to focus on emerging markets to push BMW out of top spot
Volkswagen AG (VOW)’s Audi will add models and expand production in emerging markets as the luxury brand aims to topple Bayerische Motoren Werke AG (BMW) as the largest premium-car maker.“We expect further growth in the long term,” Chief Executive Officer Rupert Stadler said on March 8 at Audi’s annual press conference in Ingolstadt, Germany. “This gives us the confidence to extend our product ran
MobilityMarch 13, 2011
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Toyota pushes U.S. image boost, emerging-market gains
Toyota Motor Corp. president Akio Toyoda set the world’s largest carmaker on a course seeking sales growth in emerging markets and an improved image in the U.S., in a bid to rebound from record recalls and a recession.Toyoda laid out a “Global Vision” focused as much on boosting emotional ties to customers as on financial targets. His plan also shrinks Toyota’s board to 11 members from 27, the aut
MobilityMarch 13, 2011
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4 financial groups vie for ailing savings banks
Major financial groups have been in keen competition to take over debt-saddled savings banks whose operations were suspended by regulators for liquidity woes.The Financial Services Commission has halted operations of seven savings banks since January. Among the potential buyers targeting them are KB Financial, Woori Financial, Shinhan Financial and Hana Financial.Woori Financial has become the pre
March 13, 2011
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BASF seeks sustainable growth
Chemical firm also aims to boost presence in Asian construction marketLUDWIGSHAFEN, Germany ― Chemical plants have been associated with toxic materials harming the air, water and ecosystem, a major hurdle to the industry’s sustainable growth. BASF, a leading global chemical firm, shows how technology, strategy and devotion to the community can tackle these challenges. The company based in Ludwigsh
IndustryMarch 13, 2011
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Supportive messages flood Web after Japan earthquake
Reports of Japan's devastation by a strong earthquake sent many South Koreans online to deliver messages of goodwill, condolences and offers of aid for a third day on Sunday. An urban area devastated by tsunami is seen in Minami Sanriku, Miyagi, northern Japan Sunday, March 13, 2011 after Friday's catastrophic earthquake and tsunami. (AP-Yonhap)The 8.9-magnitude earthquake, the strongest ever in J
TechnologyMarch 13, 2011
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Takeover moves may flare up in S. Korea's banking sector: analysts
The comeback of former Finance Minister Kang Man-soo as the new chief of a state bank is likely to rekindle debate over creating so-called mega financial firms and swirl the banking sector in a wave of takeovers, market watchers said Sunday.South Korea's financial watchdog last week recommended Kang Man-soo, a close confidant of President Lee Myung-bak, as new chairman of the state-run KDB Financi
March 13, 2011
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US experts fear 'Chernobyl-like' crisis for Japan
WASHINGTON, March 12, 2011 (AFP) - US nuclear experts warned Saturday that pumping sea water to cool a quake-hit Japanese nuclear reactor was an "act of desperation" that may foreshadow a Chernobyl-like disaster. (Yonhap News) Several experts, in a conference call with reporters, also predicted that regardless of the outcome at the Fukushima No. 1 atomic plant crisis, the accident will serious
TechnologyMarch 13, 2011
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S. Koreans' overseas travel spending hits 30-month high in Jan.
South Koreans' spending on overseas travel rose by the most in 30 months in January as the local economy recovered and the local currency ascended to the U.S. dollar, central bank data showed Sunday. South Koreans' expenditure on overseas travel reached US$2 billion in January, up 29.2 percent from a year earlier and marking the highest level since the $2.24 billion recorded in July 2008, acc
March 13, 2011
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Korea to launch grain trading firm in April
By Shin Hyon-heeKorea’s government and companies will open a grain trading company in Chicago next month, speeding up efforts to ensure stable supply and cope with price swings, a source close to the matter told The Korea Herald.The state-run Korea Agro-Fisheries Trade Corp. (aT) said in January it and large local firms will launch the joint corporation this year to establish a national grain proc
March 11, 2011
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Cheong Wa Dae bristles over Lee’s remarks
Samsung Electronics chairman Lee Kun-hee is causing a stir with his remarks apparently disparaging the government’s policy performance and castigating a former prime minister’s drive for profit sharing between large and small firms.Asked to assess the Lee Myung-bak administration’s economic policies, he had said on Thursday, “I am not satisfied but still won’t give out a failing mark since the eco
IndustryMarch 11, 2011
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Hyundai Heavy names new co-CEO
Hyundai Heavy Industries Co., the world’s top shipbuilder, appointed Kim Oi-hyun as co-chief executive during its shareholders’ meeting on Friday.The former shipbuilding division head will replace Min Keh-sik, who had led the firm for the past 10 years. Kim Oi-hyunKim, 57, will oversee management as vice chairman and chief executive, alongside Lee Jai-seong, who became president and chief executiv
IndustryMarch 11, 2011
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Samsung looks to enlist former top BMW designer
Samsung Electronics is looking to hire Chris Bangle, former chief designer for BMW Group, in pursuit of more stylish products, a company official said.If the two parties reach consent, he is likely to take charge of designing mobile phones, netbooks, home appliances and other devices for Korea’s top electronics manufacturer.“Samsung has been trying to offer him an advisory job, not an exclusive co
IndustryMarch 11, 2011
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BOE holds interest rates at 0.5%
LONDON (AFP) ― The Bank of England on Thursday held its key interest rate at a record low 0.5 percent, where it has now stood for two years, as it balanced strong inflation against a fragile economic recovery.“The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent,” the central bank said in a statement after a
IndustryMarch 11, 2011
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China inflation rate at 4.9% in February
China’s consumer prices rose 4.9 percent in February from a year earlier, exceeding the government’s 2011 target for a fifth month.The advance was more than the 4.8 percent median forecast in a Bloomberg News survey of 22 economists. In January, the rise was 4.9 percent. The government has a 4 percent inflation target for the full year.Investors are concerned that monetary tightening to tame infla
IndustryMarch 11, 2011
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Oil prices threaten global economy
Pricier oil dampens consumer spending and cuts into economic growthWASHINGTON (AP) ― Higher oil prices are slowing global economic growth, and the impact is likely to spread in coming months.Oil prices helped raise the U.S. trade deficit to a seven-month high in January, when crude prices were $87.50 a barrel. Oil is now trading at more than $100 a barrel, suggesting the gap will widen in coming m
IndustryMarch 11, 2011
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Top court finds Lone Star Korea chief guilty of stock rigging
South Korea's top court on Thursday found Lone Star Korea's chief guilty of manipulating the stock price of a former credit card firm, in a ruling that overturned a lower court ruling that acquitted its head in a controversial 2003 deal.Yoo Hoi-won, also known as Paul Yoo, who led Lone Star's South Korean operations, was indicted on charges of driving down the share price of Korea Exchange Bank (K
March 11, 2011