Most Popular
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Korean industries gauge impact of Biden's steep tariffs on China
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Do Korean doctors make too much money?
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Coupang's Kim Bom escapes chaebol chief designation again
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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CIO chief nominee to explain allegations at confirmation hearing
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Yoon vows to run country 'rightly' on Buddha's birthday
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Debate on 'no-seniors zones' heats up
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Kim Gi-ho becomes new CEO of Yes24
Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I
Sept. 1, 2011
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Rents in Myeong-dong 9th highest in the world
Seoul’s Myeong-dong was ranked the world’s ninth most expensive shopping district in terms of annual rent, slipping one place from 2010, a report showed Thursday. A Myeong-dong street in downtown Seoul. (Park Hyun-koo/The Korea Herald)According to a report compiled by the real estate services provid
Sept. 1, 2011
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New iPhone iteration lost in a bar: CNET
SAN FRANCISCO (AFP) -- Technology news website CNET on Wednesday reported that a new version of Apple’s coveted iPhone went astray in a bar in a replay of an embarrassing loss that took place last year. In this June 7, 2010 file photo, Apple CEO Steve Jobs,then, holds the new iPhone 4 during the App
Sept. 1, 2011
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Conglomerates raise recruitment, investment plans
Local conglomerates will hire a record number of new employees and increase investments this year, the Federation of Korean Industries said Wednesday.At a meeting in Seoul with President Lee Myung-bak on shared-growth, the FKI said the country’s 30 largest conglomerates have plans to hire 124,000 ne
Aug. 31, 2011
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Samsung promises early payments to suppliers
Samsung Group said Wednesday it plans to pay its bills worth 1.14 trillion won ($1.07 billion) early to its subcontractors ahead of one of the country’s biggest holidays.The announcement came as the group unveiled a plan to boost domestic consumption and help workers prepare smoothly for Chuseok on
Aug. 31, 2011
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More Koreans buy luxury products
Korea’s high-end product markets expected to grow further in next 5 yearsKorean consumers’ love for luxury goods may have exceeded that of the Japanese, research found Wednesday.Koreans consumed 5 percent of their per capita income on high-end products, compared to 4 percent of the Japanese, accordi
Aug. 31, 2011
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KDB to manage Mongolian bank
South Korea’s state-run Korea Development Bank said Wednesday that it has signed a contract with the Development Bank of Mongolia to manage DBM for four years.Under the deal inked in Ulan Bator Tuesday, KDB will build an overall business operating system for DBM and take charge of its development fi
Aug. 31, 2011
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Automation in the air dulls pilot skill
WASHINGTON (AP) _ Are airline pilots forgetting how to fly? As planes become ever more reliant on automation to navigate crowded skies, safety officials worry there will be more deadly accidents traced to pilots who have lost their hands-on instincts in the air.In this June 14, 2009 file photo
Aug. 31, 2011
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Samsung to aid retired cancer-diagnosed workers
Samsung Electronics announced Tuesday it will support the treatment costs of workers at semiconductor and liquid crystal display manufacturing lines if diagnosed with cancer within three years of retirement.The company said it will pay the patient’s treatment costs for 10 years and provide 100 milli
Aug. 30, 2011
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Hyundai Group drops libel suit against Hyundai Motor Group
Hyundai Group said Tuesday that it has decided to withdraw its lawsuit against Hyundai Motor Group in a sign of a thaw in their relations, long sour since an acquisition battle for Hyundai Engineering & Construction Co.In November, Hyundai Group filed a libel suit against Hyundai Motor for publishin
Aug. 30, 2011
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Medium-sized builders face crisis
Troubled Prime Group companies headed for workout programThe fates of Prime Development Co. and affiliate Sam An Corp. will be decided Friday with their creditors set to decide on whether to allow them to begin debt workouts, sources said Tuesday.According to industry sources, Nonghyup and other cre
Aug. 30, 2011
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Korean builders to spend $500,000 in Libyan aid
Korea’s 16 construction firms on Tuesday unveiled a plan to provide $500,000 worth of humanitarian aid to Libya’s new leaders, joining the government’s efforts to step up economic and diplomatic ties.The Ministry of Land, Transport and Maritime Affairs named Hyundai Engineering & Construction and Da
Aug. 30, 2011
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Firms’ loan growth hits near-2-year high in Q2
South Korean financial firms’ corporate loans grew at the fastest pace in nearly two years in the second quarter as the economic recovery continued, the central bank said Tuesday.Corporate lending extended by banks and non-bank institutions stood at 746.5 trillion won ($695.1 billion) as of the end
Aug. 30, 2011
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Two ramyeon brands face mixed fates
Two prominent figures in Korea’s instant noodle industry gambled with new products this year, with totally different consequences revealed on Tuesday. Nongshim, the nation’s largest instant noodle maker, announced Tuesday it has decided to stop producing Shin Ramyun Black, whose sales started four m
Aug. 30, 2011
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Amazon tablet seen as worthy iPad rival
With Amazon reportedly poised to launch a tablet computer, technology research firm Forrester is predicting the device could be the first legitimate challenger to Apple's iPad.Forrester Research analyst Sarah Rotman Epps, in a blog post accompanying a report released Monday, said Amazon taking on Ap
Aug. 30, 2011
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LS Cable develops electric car charger
LS Cable and System has become the first Korean firm to develop a portable electric vehicle charger, the company announced Monday.According to the company, the charger supplies 3.3 kilowatts of electricity to the vehicle using the standard outlet installed in homes. The device can fully recharge bat
Aug. 29, 2011
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SKT wins coveted wireless spectrum
Fierce bidding for the 1.8 GHz bandwidth ends at 995 billion wonSK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The K
Aug. 29, 2011
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Gold still No.1 reward for long-serving workers
Amid soaring gold prices, companies maintain gold reward for long-term workersLotte Department Store, a leading retailer, has maintained a unique reward system for long-term employees for more than 20 years ― offering a gold nugget. Starting with the 10 dons of gold given to workers who have worked
Aug. 29, 2011
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BASF to invest in Korea
The chemicals company BASF SE will begin looking ofr a Korean firm to invest in, on Tuesday as part of the Global Alliance Project Series program, the Ministry of Knowledge Economy announced Monday. Through the program, the German chemicals giant will present investment plans to local battery and or
Aug. 29, 2011
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Korea unveils world’s largest tidal power plant
Korea introduced the world’s largest tidal power plant on Monday, eight years after it broke ground for a project aimed at boosting renewable energy use. The facilities in Sihwa on the western outskirts of Seoul will enter full-fledged operation in December with a total capacity of 520 megawatts, th
Aug. 29, 2011