Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Lee praised for crisis response
During his three years in office, President Lee Myung-bak is praised for achieving a rapid recovery from the financial crisis and boosting Korea’s economic clout in the world.His government has widened Korea’s free trade relations with major economies, mediated conflicts between traditional and emerging powers as the first host of G20 Summit and pulled off 6.1 percent growth last year to rank seco
Feb. 24, 2011
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Samsung establishes first social enterprise
Samsung Group established its first social enterprise in downtown Seoul on Thursday.The enterprise called the “Hope Network” will hire about 70 teachers and offer education services to about 1,000 children from underprivileged families, company officials said.It will start with the children registered in 30 different study rooms in the regions of Seoul and Gyeonggi Province.The instructors, who ha
IndustryFeb. 24, 2011
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Regulator decides not to allow fourth telecom
The Korea Communications Commission said Thursday that it decided not to allow a fourth telecom to establish in the local market due to its lack of business strategies and funding abilities.During the weekly general meeting, commissioners of the state-run telecom regulator rejected Korea Mobile Internet’s proposed project plan to take position as the fourth telecom.The commission also turned down
Feb. 24, 2011
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SKT to release iPhone 4
SK Telecom, Korea’s top mobile operator, will start selling the iPhone next month in a break from Apple’s practice of selling the smartphones via a single distributor in each major market, industry source said Thursday.“Negotiations between SK Telecom and Apple are in the final stage,” said the source who is familiar with the matter. “As the negotiations are going smoothly, it is virtually decided
IndustryFeb. 24, 2011
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Samsung eyes 6th place in laptop market
Apple’s MacBook Air expected to be firm’s biggest competitionSamsung Electronics aims to become the world’s sixth-largest player in the mobile PC market by establishing itself as a high-end brand, the company’s executive vice president Nam Seong-woo said Thursday.The electronics maker launched a super-slim laptop computer as a part of its strategy to carve a bigger share out of the high-end market
TechnologyFeb. 24, 2011
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BMW to set up social contribution fund
BMW Group Korea announced Thursday that it will set up BMW Korea Future Fund, the first social contribution foundation operated by a foreign carmaker in South Korea.The foundation will be established by BMW Group Korea and the seven official dealers later in the year with an initial investment of 3 billion won ($2.7 million), 2 billion won of which will be raised by the dealers and BMW Group Korea
IndustryFeb. 24, 2011
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FSC chief warns against trading fraud
Financial Services Commission Chairman Kim Seok-dong pledged Thursday to toughen punishment on trading irregularities in the financial industry one day after the government partly suspended Deutsche Bank’s local unit for stock manipulation. Concerning the speculation that Deutsche Bank may pull its investments out of the Korean market, he told reporters, “I don’t care about that (on whether or not
Feb. 24, 2011
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Renault Samsung most efficient sales staff
Renault Samsung Motors Co.’s sales staff recorded the highest average monthly sales figure among local carmakers, the company announced Thursday.According to the company, the 2,342 sales staff working at its 195 sales agents sold 155,696 last year, putting the average monthly sales figure per person at 5.4. The figure per sales agent came in at 65 units per month. The company did not disclose figu
IndustryFeb. 24, 2011
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Big banks must be broken up: Hoenig
Federal Reserve Bank of Kansas City President Thomas Hoenig said U.S. regulators should avert another crisis by breaking up large financial institutions that pose a threat “to our capitalistic system.”“I am convinced that the existence of too-big-to-fail financial institutions poses the greatest risk to the U.S. economy,” Hoenig said Wednesday in a speech in Washington. “They must be broken up. We
IndustryFeb. 24, 2011
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Glaucoma: the silent thief of sight
By Kee Chang-won, MD, Ph.D.Glaucoma is an eye disorder in which the optic nerve suffers damage, permanently impacting vision and progressing to complete blindness if untreated. Glaucoma has been nicknamed the “silent thief of sight” because the loss of vision normally occurs gradually over a long period of time. Once lost, this damaged visual field cannot be recovered. Worldwide, it is the second
TechnologyFeb. 24, 2011
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BMW to unveil Mini Rocketman, electric car BMW i
BMW to unveil Mini Rocketman German luxury carmaker BMW AG said it will unveil a smaller version of the Mini next week at the Geneva motor show, called the Rocketman. While keeping the original concept of the 1950s classic Mini, the Rocketman will feature the latest technology.Photo: BMW MiniThe Rocketman is 3.4 meters long, a foot shorter than the original Mini and is a three-door hatchback. The
MobilityFeb. 24, 2011
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Foreigners' land ownership in S. Korea grows in 2010
Foreign ownership of South Korea's land rose slightly last year, but its growth rate remained relatively slow compared with levels tallied before the financial crisis, a government report showed Thursday. Foreigners owned a total of 223.72 million square meters of land in the country at the end of last year, up 2.4 percent from a year earlier, according to the report by the land and transport
IndustryFeb. 24, 2011
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SK Telecom to release Apple's iPhone 4 next month in S. Korea
South Korea's top mobile carrier SK Telecom Co. will release Apple Inc.'s iPhone 4 in the local market next month, ending the exclusive distribution by its rival wireless operator, an industry source said Thursday. SK Telecom Co. will release Apple Inc.'s iPhone 4 (Bloomberg)"Negotiations between SK Telecom and Apple are in the final stage," said the source who is familiar with the matter. "As th
IndustryFeb. 24, 2011
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BP deal to boost India’s energy output: analysts
MUMBA (AFP) ― BP’s multi-billion-dollar tie-up with Reliance will accelerate fuel-hungry India’s exploration for energy and hand the Indian giant the skills to develop hard-to-exploit reserves, analysts say.The British energy group on Monday agreed to pay $7.2 billion for a 30-percent stake in Reliance’s 23 largely unexplored deepwater oil and gas fields off the coast of India, which cover an area equivalent to the North Sea.The tie-up with embattled BP, which this month reported its first annua
IndustryFeb. 23, 2011
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Russia may extend grain export ban
Deputy P.M. says export ban could be extended after July 1MOSCOW (AFP) ― Russia on Tuesday said it may extend a ban on grain exports that has been blamed for triggering global food price rises beyond its provisional expiry date of July 1.The Russian government’s pointman on agriculture emerged from a closed-door cabinet meeting chaired by Prime Minister Vladimir Putin to announce that such an opti
IndustryFeb. 23, 2011
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Samsung makes breakthrough in color display technology
Samsung Electronics said on Wednesday that it has developed the world’s first full-color quantum dot display, paving the way for the next-generation products that are cheaper but more vivid and energy-efficient.Quantum dots are semiconductor nanocrystals that become luminous in reaction to current or light. They have emerged as a next-generation photonic method due to its finer color expressions a
IndustryFeb. 23, 2011
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KT to support mobile app developers
KT Corp., the country’s biggest wireless Internet zone operator, announced Wednesday that it plans to launch a project to help mobile application developers sell their products overseas.The “global frontier project” is a measure for the telecom giant to establish mutual growth with smaller venture firms. It supports talented mobile application developers from the development stage to when items ar
IndustryFeb. 23, 2011
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IMF to highlight Korea’s capital control
The International Monetary Fund will release a report next week highlighting South Korea’s successful policy response to speculative capital inflows, a government official said. The report will exemplify the Finance Ministry’s imposition of taxes and limits on speculative trading as legitimate macro-prudential measures. “The IMF is to release a report about the emerging market’s combating of hot m
Feb. 23, 2011
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Index to gauge treatment of suppliers
Government and private-sector representatives will introduce a new index to gauge large companies’ relationship with smaller suppliers as part of its efforts to promote broad-based growth, officials said Wednesday.The shared growth index will be announced once annually, starting with 56 companies including Hyundai Motor Co., POSCO and Samsung Electronics next year, the Commission on Shared Growth
IndustryFeb. 23, 2011
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Lotte Mart bargain TVs are a sell-out success
Lotte Mart’s ultra-cheap television has proved to be a hot item, with some of its branches selling out within hours of opening Wednesday.Lotte Mart officials said it began selling the 24-inch TVs, which cost less than 300,000 won ($268), at 89 of its branches across the nation from 9-10 a.m. Ultra-cheap 24-inch televisions on display at a Lotte Mart branch in Seoul (Yonhap News)Some customers queu
IndustryFeb. 23, 2011