Most Popular
-
1
Korean industries gauge impact of Biden's steep tariffs on China
-
2
Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
-
3
Controversy brews over shakeup of prosecutors amid probe of first lady
-
4
OpenAI gives ChatGPT new powers to see, hear
-
5
Do Korean doctors make too much money?
-
6
Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
-
7
S. Korea to inject $70m into AI-powered public education
-
8
[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
-
9
[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
-
10
Is FTC's conglomerate listing a boon or bane for Hybe?
-
Watchdog fines cartel of 4 tube glass makers
South Korea’s antitrust watchdog said Sunday that it has fined four South Korean and Japanese makers of cathode-ray tube glass a combined 54.5 billion won ($47.5 million) for colluding to fix prices.Samsung Corning Precision Materials Co. was slapped with the largest fine of 32.4 billion won, with Hankook Electric Glass Co., the local subsidiary of Japan’s Asahi Glass Co. receiving a fine of 18.3 billion won, according to the Fair Trade Commission.The regulator also imposed a combined penalty of
Dec. 11, 2011
-
Samsung wins patent war for tablet PC in Australia
Samsung Electronics will be rolling out its Galaxy Tab 10.1 in Australia in time for the holiday season as its High Court rejected Apple’s request on Friday to extend the sales ban on Samsung’s tablet PCs.The three-judge High Court panel said that Apple failed to convince them that the firm could win on appeal and denied the company a hearing, according to news reports. Chief Justice Robert French, representing the panel, supported the decision reached earlier by the Federation Court to overturn
Dec. 9, 2011
-
Samsung permitted to roll out Galaxy Tab in Australia
Samsung wins legal battle in Australia, but fails to ban sales of iPhone 4S in FranceSamsung Electronics will be rolling out its Galaxy Tab 10.1 in Australia in time for the holiday season as its High Court rejected Apple’s request on Friday to extend the sales ban on Samsung’s tablet PCs.The three-judge High Court panel said that Apple failed to convince them that the firm could win on appeal and denied the company a hearing, according to news reports. Chief Justice Robert French, representing
Dec. 9, 2011
-
FTC deliberating Google’s merger deal with Motorola
Korea’s antitrust regulator said Friday that it had launched a deliberation on U.S. search giant Google’s recent acquisition of Motorola Mobility, to decide whether the merger would undermine market competition. The California-based company filed on Tuesday for Korean clearance to complete the $12.5 billion deal announced in August, according to the Fair Trade Commission. “The purchase is expected to affect the nation’s smartphone market, including local handset makers Samsung and LG,” said Lee
Dec. 9, 2011
-
Samsung permitted to roll out Galaxy Tab in Australia
Samsung wins legal battle in Australia, but fails to ban sales of iPhone 4S in FranceSamsung Electronics will be rolling out its Galaxy Tab 10.1 in Australia in time for the holiday season as its High Court rejected Apple’s request on Friday to extend the sales ban on Samsung’s tablet PCs.The three-
Dec. 9, 2011
-
KT’s LTE network faces hurdle
The high-speed fourth-generation network service appears to be literally a “long-term evolution” for KT Corp., the nation’s No. 2 telecom carrier. KT was scheduled to halt its second-generation mobile service and to announce the beginning of the long-awaited LTE service at a press conference on Thursday. A Seoul court, however, scuppered KT’s plan on Wednesday, saying “Irreversible damages are expected to the remaining 2G users.”Under a plan to start the faster LTE service in the 1.8 GHz band th
Dec. 8, 2011
-
Korea, China, Japan to hold final FTA study meet
South Korea, China and Japan will hold their final joint study meeting next week on the feasibility of a free trade agreement between the three Northeast Asian countries, the Trade Ministry in Seoul said Thursday.The meeting, the seventh of its kind, will be held in Pyeongchang, some 180 kilometers east of Seoul, from Wednesday to Friday, according to the ministry. During the meeting, the three nations will discuss a draft covering commodities trade and other issues, such as service and investme
Dec. 8, 2011
-
Samsung sees record sales of flat-screen TVs
Samsung Electronics Co., the world’s largest TV supplier, said Thursday it set a new record in monthly flat-screen TV sales in November, thanks to a demand spike during the holiday season in the United States. The company sold 5.7 million units of TVs in global markets last month, it said in a statement.The monthly sales record was largely driven by robust demand in the United States during the Thanksgiving holidays, Samsung said. The company saw more than a 40 percent surge in TV sales on Black
Dec. 8, 2011
-
SK Group eyes new Chinese oil refinery
HONG KONG (Yonhap News) ― South Korea’s SK Group is considering starting an oil refinery project in southern China, officials said Thursday, a move that would expand the company’s business in the world’s No. 2 economy.The city of Qinzhou is a potential site of the project, and located near the Pearl River Delta, the main hub of China’s economic growth. The city also established a Free Trade Port Area, which was approved by the State Council in May 2008 as a state-level free trade port area. The
Dec. 8, 2011
-
Yuhan-Kimberly, a model of joint venture success
Company leads innovation and fosters human resourcesAt a crowded hypermarket in Beijing, the shelves for diapers are filled with Huggies products.Even though their maker Kimberly-Clark has a Chinese branch, all the premium diapers sold in China are produced by Korea-based Yuhan-Kimberly at its Daejeon factory, some 160 kilometers south of Seoul. Yuhan-Kimberly is a joint venture established in 1970 between Korean company Yuhan Corp. and U.S.-based Kimberly-Clark Corp., that entered China’s premi
Dec. 8, 2011
-
Yuhan-Kimberly, a proven model of joint venture success
The company sees more business opportunities in ChinaAt a crowded hypermarket in Beijing, the shelves for diapers are filled with Huggies products.Even though their maker Kimberly-Clark has a Chinese branch, all the premium diapers sold in China are produced by Korea-based Yuhan-Kimberly at its Daejeon factory, some 160 kilometers south of Seoul. Yuhan-Kimberly is a joint venture established in 1970 between Korean company Yuhan Corp. and U.S.-based Kimberly-Clark Corp., that entered China’s prem
Dec. 8, 2011
-
Innovation center helping research and engineering
Yuhan-Kimberly has established its Innovation Center, aiming to implement the company’s core values -- challenge and creativity.The center at Jukjeon, Gyeonggi Province, which opened Oct. 27, is helping the company maximize efficiency in research and engineering.The company said it will increase the number of research and engineering specialists to 72 from the current 50 by 2015.The company had traditionally operated six departments -- “baby & child care,” “family care,” “senior care,” “feminine
Dec. 8, 2011
-
Yuhan-Kimberly Innovation Center revs up competitiveness
Yuhan-Kimberly has established its Innovation Center, aiming to implement the company’s core values ― “challenge and creativity.”The center at Jukjeon, Gyeonggi Province, which opened Oct. 27, is helping the company maximize efficiency in research and engineering.The company said it will increase the number of research and engineering specialists to 72 from the current 50 by 2015.The company had traditionally operated six departments ― “baby and child care,” “family care,” “senior care,” “femini
Dec. 8, 2011
-
KT, Softbank open joint data center in Gimhae
KT Corp., the country’s largest fixed-line service operator, said it opened its global data center with Japan’s Softbank in Gimhae, South Gyeongsang Province on Thursday.The global data center, which opened its doors months after local mobile carrier KT and Softbank announced a joint venture in May, was built on 5,450 square meters of land able to take in 7,000 kilowatts of electricity.The center, which also offers office space for Japanese firms to directly get involved in server management and
Dec. 8, 2011
-
LSIS listed among world’s top 100 innovative firms
LS Industrial Systems Co. said Thursday it has been named one of the world’s 100 most innovative companies this year by Thomson Reuters, a leading financial news and information provider.Korea’s largest producer of electrical components was among four Korean firms that made it onto the list. The other three are Samsung Electronics, LG Electronics and Cheil Industries.“(The award) confirms an organization’s commitment to progressing innovation globally, to the protection of ideas and to the comme
Dec. 8, 2011
-
Court ruling scuppers KT LTE plan
The high-speed fourth-generation network service appears to be literally a “long-term evolution” for KT Corp., the nation’s No. 2 telecom carrier. KT was scheduled to halt its second-generation mobile service and to announce the beginning of its long-awaited LTE service in a press conference on Thursday. A Seoul court, however, scuppered KT’s plan on Wednesday, saying “Irreversible damages are expected to the remaining 2G users.”“Because the telecom regulator has already approved the 2G shutdown
Dec. 8, 2011
-
Court orders S. Korea's No. 2 mobile operator to continue 2G
A court ordered Wednesday South Korea's second-biggest mobile operator not to switch off its second-generation wireless service. The decision by the Seoul Administrative Court came just hours before KT Corp. plans to end its wireless service on Thursday. It dealt a blow to the telec
Dec. 7, 2011
-
Emissions reduction efforts by major companies
The government plans mandatory targets of carbon emissions for five energy-intensive industries ― steel, electronics, petrochemicals, cement and refining. The sectors account for about 88 percent of the total emissions reduction under the program.By company, POSCO tops the list, followed by Samsung Electronics, LG Display, Hyundai Steel, Samsung Mobile Display, Ssangyong Cement Industrial, LG Chem, S-Oil, SK Energy and Tongyang Cement & Energy. The 10 firms account nearly 30 percent.POSCO, respo
Dec. 7, 2011
-
Korea Inc. strives to shoulder climate change burden
Firms implement emissions-cutting measures, but lack concrete long-term frameworkKorea is poised to blaze a trail in action against climate change by imposing mandatory emission cut targets on large companies and institutions beginning next year.The much-touted policy, however, faces a rough ride with the affected firms by and large still lacking concrete plans, organization and resolve.In October, the government unveiled specific targets for 366 firms, which will have to shoulder 96.5 percent
Dec. 7, 2011
-
Korea aims to be global marine sports hub
South Korea plans to build more international marinas in a move to promote marine sports here and also help create new jobs in the industry, the government said Wednesday.Under the plan, announced by the Ministry of Land, Transport and Maritime Affairs, the government will first simplify its regulations for the industry to help boost investment.In addition, the government will expand the number of free try-out services from the current 180,000 per year to 500,000 from next year, according to the
Dec. 7, 2011