Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Pilot from missing Asiana aircraft had $1.4 million debt
The missing captain from an aircraft that crashed near Jeju Island last month reportedly had massive debts from guaranteeing a relative’s loan.Speculation concerning the intentionality of the accident was sparked as it was revealed that the pilot had signed up for around seven life insurance policie
Aug. 5, 2011
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Korean inventor considers patent suit against Miller
A Korean inventor is considering a lawsuit against MillerCoors, claiming that the new Miller Lite bottle has copied his patented design, industry sources said Thursday.The Chicago-based brewing company launched last year the Vortex bottle, which has grooves on the inside of the neck. The company exp
Aug. 4, 2011
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Students borrow more from private lenders
Korean students are borrowing dramatically more to pay for college and living expenses, rekindling concerns over heavy debt among young people and business practices of lenders.The Financial Supervisory Service said Thursday as of June, nearly 48,000 university students had taken out loans totaling
Aug. 4, 2011
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Amore Pacific launches credit card
Amore Pacific Corp. launched Thursday a credit card that offers up to 15 percent discounts on its beauty products in partnership with KB Kookmin Card. According to the No. 1 cosmetics maker, consumers can enjoy price benefits when they use the Amore Pacific-KB Kookmin Car to purchase Amore products
Aug. 4, 2011
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LG exec tops stock wealth list
An LG executive has been named the wealthiest man in corporate Korea in terms of stock holdings. LG Household & Health Care’s CEO Cha Suk was worth 16.34 billion won ($15.41 million) thanks to his stock riches, as he held 33,800 shares of LG Household & Health Care worth 483,500 won each as of Aug.
Aug. 4, 2011
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Time for Brown Revolution: UNCCD chief
The chief of the world’s only legally binding convention combating desertification urged leaders to accelerate efforts to fight degradation and regenerate soil to prevent massive food shortages.“People take soil for granted. We may survive oil peak but we will never survive soil peak,” Luc Gnacadja,
Aug. 4, 2011
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‘Korea to lead fight against desertification’
Korea will lead international efforts to combat desertification in Asia based on its experience of forestation, Lee Don-koo, head of Korea Forest Service said. “Korea is ahead of others in turning wasteful land into productive land. We have an important role to play in the world’s fight against dese
Aug. 4, 2011
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Korea to host first Asian conference of UNCCD
Korea is to play host to the world’s biggest gathering to combat desertification for the first time in Asia in Changwon, South Gyeongsang Province.Slated for Oct. 10-21, prominent desertification experts and government officials from 194 member nations of the United Nations Convention to Combat Dese
Aug. 4, 2011
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CJ Construction’s new chief
CJ Group’s construction arm CJ Engineering and Construction Corp. named Kim Chun-hak as its new chief executive and vice president on Tuesday. Kim Chun-hakBefore taking the post, Kim had been working for Samsung Heavy Industries Co. since 1983 and most recently served as the executive vi
Aug. 4, 2011
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Sohn tapped to head panel
Sohn Kyung-shik, chairman of the Korea Chamber of Commerce & Industries, has been named as new head of the Presidential Council on National Competitiveness, a government official said Thursday.President Lee Myung-bak, currently on vacation, plans to appoint him next week, the sources said. Sohn Kyun
Aug. 4, 2011
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Hyundai Engineering wins $672 mln order from Singapore
Hyundai Engineering & Construction Co., South Korea's top builder, said Thursday that it has won a $672 million deal to build two office and residential towers in downtown Singapore.Under the deal with South Beach Consortium, Hyundai Engineering will construct the two complex buildings on Beach Road
Aug. 4, 2011
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Hanjin Heavy chief under fire for lying low over labor crisis
Hanjin Heavy Industries and Construction Co. chairman Cho Nam-ho is facing criticism from politicians for continuing to ignore calls to attend a public hearing and put an end to the labor dispute at the shipbuilder. On Dec. 20 the company decided to let 2,500 workers go in the near future, prompting
Aug. 3, 2011
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Herald Design Forum in Seoul Oct. 5-6
Herald Media, the publisher of The Korea Herald and Herald Business, is holding the first iDEA Herald Design Forum on Oct. 5 and 6.The iDEA forum, (short for information, design, entertainment academy) will bring together leading designers and futurologists from across the world to hold discussions
Aug. 3, 2011
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Lotte Mart to launch half-priced sauces
Lotte Mart will launch its new range of discount products on Thursday ― half-priced instant stews in curry and “jjajang,” or black bean sauce, flavors. Even though their quantity has been doubled to 300 grams, the products’ price stands at 1,400 won ($1.32), matching other 150-gram products, the nat
Aug. 3, 2011
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Amore Pacific takes over French perfume brand
Beauty firm aims to strengthen dominance in global marketAmore Pacific Corp. said Wednesday that it has completed a deal to take over French luxury perfume brand Annick Goutal on Tuesday. It was the first overseas merger and acquisition case for the nation’s largest cosmetics maker with nearly 40 pe
Aug. 3, 2011
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Rickety bullet trains rankle rail travelers
A string of KTX breakdowns dampens confidence in homegrown technology, stokes safety concernsCustomers around the country have vented fury over Korea’s flaw-ridden high-speed trains, calling for better safety measures from operators and builders.A series of accidents and breakdowns have marred the r
Aug. 3, 2011
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SK exports hit record high in H1
SK Group said Wednesday its six manufacturing units’ combined exports set a record high of 18.18 trillion won ($17.18 billion) in the first half of the year, thanks to robust sales of petrochemical products.Sales of the six affiliates ― SK Innovation, SK Energy, SK Global Chemical, SK Lubricants, SK
Aug. 3, 2011
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Sales of imported vehicles jump 15.6% in July
Sales of imported vehicles in South Korea jumped 15.6 percent last month from a year earlier, helped by new car models and the free trade agreement with Europe that lowered prices, a trade association said Wednesday.A total of 8,859 imported vehicles were sold here in July, compared with 7,666 units
Aug. 3, 2011
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Samsung widens gap with Toshiba in NAND flash
Samsung Electronics Co., the world’s top memory chipmaker, increased its NAND flash market dominance in the second quarter, widening its gap with the runner-up Toshiba Corp., industry data showed Wednesday. But prices of NAND flash memory chips, which are used to store data in portable devices such
Aug. 3, 2011
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Most listed firms ignore social responsibility
The majority of South Korea’s listed companies are not fulfilling their social responsibilities and that can put a crimp in their sustainable growth in the future, a report said Wednesday.The report based on a study of 668 listed companies showed 575 firms, or 86 percent of the total, scored “weak”
Aug. 3, 2011