The Korea Herald

Sales of small import cars surge 65%

Foreign carmakers saw their sales of small vehicles with an engine capacity of less than 2.0 liters grow by 65.5 percent on a year-on-year basis.They sold 25,456 units for the smaller segment vehicles during the first seven months of 2011, compared to 15,379 units for the same period last year.In co

MobilityAug. 14, 2011

The rise of diesel cars

Diesel-powered mid-sized sedans are growing ever more popular among a slew of new models launched this year.Diesel cars took up more than 30 percent of the import market share for the first time in July, Korea Auto Industries Corp. Association said.The economically cheaper option has been in h

MobilityAug. 14, 2011

Customs nets more excess shoppers

Surge may have been caused by Korea-EU FTA taking effectThe number of travelers purchasing luxury goods in Europe sharply increased after the Korea-EU free trade agreement took effect in July, the customs agency said Sunday. A total of 1,056 people were stopped by customs officials last month as the

IndustryAug. 14, 2011

Newspaper attempts to lead with iPhone, iPad apps

The global news media industry is faced with a make-or-break upheaval that revolves around the shift in focus toward online and mobile platforms. Over the past couple of years, newspaper companies around the world have lost their readers to online and mobile rivals.The past year was a remarkable one

TechnologyAug. 14, 2011

Newspaper attempts to lead with iPhone, iPad apps

Innovation implemented for better content and design

In the past six decades, The Korea Herald has established itself as the largest English-newspaper in Korea. It has now more than 50 percent of the nation’s market share, and has readers from around the world. In May this year, the paper took a major step forward to upgrade content for its paper

TechnologyAug. 14, 2011

Innovation implemented for better content and design

Korea’s foremost English daily dedicated to core mission

The Korea Herald marks its 58th anniversary on Monday. Over nearly six decades, the country’s biggest English-language newspaper has taken steps to provide accurate and reliable news and analysis to the readers.The Korea Herald started as The Korean Republic, a humble four-page tabloid, on Aug. 15,

TechnologyAug. 14, 2011

Korea’s foremost English daily dedicated to core mission

Study suggests beautiful people 'selfish by nature'

A new study suggests that people blessed with attractive symmetrical faces are less likely to be cooperative and more likely to be selfish.The Observer, a British Sunday newspaper, this week reported the result of research by Santiago Sanchez-Pages, who works at the universities of Barcelona and Edi

TechnologyAug. 14, 2011

Study suggests beautiful people 'selfish by nature'

Electronic ‘tattoo’ may offer new flexible way to monitor brain, heart

Weightless, skin-like bandages with microelectronic components may one day replace the bulky monitors and electrode patches now used in hospitals to monitor patients’ vital signs, researchers said.Weightless, skin-like bandages with microelectronic components may one day replace the bulky monitors a

TechnologyAug. 12, 2011

Taxi black boxes protect drivers but invade privacy

Local authorities and taxi operators have eagerly adopted event data recorders, commonly known as black boxes, to protect drivers involved in accidents.However, increasingly common use of such devices in taxis has also given rise to privacy issues. While automobiles are becoming increasingly tech-he

Aug. 12, 2011

Taxi black boxes protect drivers but invade privacy

Korea considers options to stem stock volatility

South Korea’s financial authorities said Friday they were weighing options to stem stock market volatility in response to growing concerns over foreign “hot money” that allegedly exaggerates the market’s moves. The local regulators’ latest gesture to stabilize the local stock market came after they

Aug. 12, 2011

‘Turkey hopes to sign FTA with Korea by yearend’

Turkey’s Economy Minister Zafer Caglayan said Friday his country hopes to sign the free trade agreement with Korea on product trading by the end of this year.“We have had our differences regarding product trading in the past, but it seems the issues have been taken care of in various aspects and the

IndustryAug. 12, 2011

‘Turkey hopes to sign FTA with Korea by yearend’

Seoul slams ‘biased’ foreign reports on Korea

South Korea’s top financial regulator on Friday slammed “biased” analyst reports on the country by foreign brokerages and asked them to “properly” inform the market of the economy’s resilience.“A few foreign securities companies have released reports that made arbitrary judgments about the Korean ec

Aug. 12, 2011

Seoul slams ‘biased’ foreign reports on Korea

Samsung, Hynix confront plunging chip prices

Lee Kun-hee speculated to focus on faltering memory spot businessSamsung Electronics Co., the world’s biggest memory chip maker, and eighth-ranked Hynix Semiconductor Inc. are bracing for a steeper price plunge in memory chip prices. Nomura Securities issued a report Friday that the majority of chip

TechnologyAug. 12, 2011

Samsung, Hynix confront plunging chip prices

Seoul shares drop 1.33% on foreign selling

South Korean stocks closed 1.33 percent lower Friday on continued foreign selling as rosy U.S. jobs data failed to boost weak investor sentiment, analysts said. The local currency gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) slumped 24.13 points to 1,

Aug. 12, 2011

Billionaire Soros' ex-girlfriend files $50m suit

George Soros (Bloomberg)NEW YORK (AP) -- The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50 million lawsuit.Adriana Ferreyr filed the suit in Manhattan court on Wednesday.The 28-year-old Br

IndustryAug. 12, 2011

Billionaire Soros' ex-girlfriend files $50m suit

No further monetary tightening by S. Korea expected this year: Moody's

South Korea is expected to hold off on further monetary tightening for some time, probably for the rest of this year, amid growing confidence of bringing inflation under control, Moody's Analytics said Thursday."Monetary tightening has likely ended for this year," said Alaistair Chan, an economist a

Aug. 12, 2011

Gunman opens fire in Estonian ministry

TALLINN, Estonia (AP) — A gunman opened fire inside Estonia's Defense Ministry and tried to take hostages on Thursday, but he apparently was shot and killed by police who stormed the building, an official said.The attacker entered the ministry in downtown Tallinn at midday, threw a smoke bomb,

Aug. 11, 2011

U.S. stocks rise on small but positive economic signs

NEW YORK (AP) — Wall Street's wildest week since 2008 continued with another 300-point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy isn't headed into another recession.Fewer Americans joined the unemployment line last week and a techn

Aug. 11, 2011

US stock futures fall again after another big drop

NEW YORK (AP) -- U.S. stock futures fell Thursday, following European markets lower and a day after another big drop on Wall Street.Worries have focused on the health of European banks, particularly those in France, this week. France's central bank said Thursday that the country's banks are solid an

Aug. 11, 2011

Stocks strengthen for second day

The nation’s stock market saw gains for the second consecutive day amid emerging investor sentiment that the Korean economy is not critically exposed to external woes.The Korea Composite Stock Price Index climbed by 11.2 points from a day before to close at 1,817.44 though the index plunged during t

Aug. 11, 2011