Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Woman dangling from power lines rescued by residents holding blanket
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Naver Q1 net income soars 1,171.9% on growth of major businesses
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Samsung, LG to jointly develop thin-film solar cells
Samsung Electronics Co. and LG Electronics Inc. will take part in a government-private research program to develop next-generation thin-film solar cells, officials said Tuesday.The program is one of the five research and development efforts to be pursued by the government and private sector up until 2013 at a cost of 700 billion won ($648 million), the Ministry of Knowledge Economy said.Samsung an
May 31, 2011
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Merck seeks Korean partners for growth and diversification
Merck Korea, the local unit of German-based Merck KGaA, is looking to broaden ties with Korean companies to spearhead new technologies for future growth, its president Juergen Koenig said Tuesday. The world’s oldest pharmaceutical and chemical group has been expanding its sphere into new fields such as electronics, biotechnology and renewable energy in recent years. As part of its growth strategy,
May 31, 2011
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Hyundai Heavy Q1 figures soar on ship, equipment sales
Hyundai Heavy Industries Co.’s first quarter revenues jumped 70.1 percent from a year ago buoyed by rising ship and construction equipment sales, the company said Monday.According to the regulatory filing, Hyundai Heavy posted first quarter sales of 12.7 trillion won ($11.8 billion), up 70.1 percent from the same period last year.The company’s operating profits for the period came in at about 1.71
May 31, 2011
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SKT spins off platform unit
SK Telecom, the country’s top mobile carrier, announced Tuesday it would split its platform division and create a new platform subsidiary, which will be in charge of non-mobile businesses, as early as October.“The company has made the decision to build a new subsidiary to form business operation structures and business cultures that are a good fit to the two separate telecom and platform sectors,”
May 31, 2011
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African nations learn standardization from LG
LG Electronics, the flagship unit of LG Group, is passing down its know-how for standardizing technology to African nations to help bolster growth in the region, the Seoul-based company said.The African Organization for Standardization and the chiefs of technology standardization at eight other African countries gathered at the standardization test lab in LG Electronics’ research and development c
May 31, 2011
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Russia bans German, Spanish vegetable imports
MOSCOW (AFP) ― Russia on Monday banned the import of all vegetables from Germany and Spain and warned the sanction could soon be applied to the rest of Europe because of the deadly E. coli bacteria scare.The country’s consumer protection watchdog said in a statement that the ban covered “raw vegetables” including tomatoes, cucumbers and salad produced in Germany and Spain.Vegetables including Germ
May 31, 2011
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Ireland may need more EU/IMF cash
May 30, 2011
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Naver top ad platform in Korea
NHN Corp., Korea’s portal giant operating Naver and Hangame, proved itself a formidable advertising platform as its stake in the lucrative market reached 14 percent last year, a report showed Monday.According to the report by Digieco, a think tank affiliated with KT Corp., NHN’s ads sales topped 1.1 trillion won ($1.02 billion) last year, outstripping traditional leaders like newspapers and broadc
May 30, 2011
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Economy to grow 4.3% this year: poll
Korea’s economy will likely grow 4.3 percent this year, falling short of a 5 percent expansion forecast earlier by the government due to external uncertainties, a poll showed Monday.According to the survey of 32 experts by the Federation of Korean Industries, the economy will likely expand 4.4 percent in the second half of this year, with 38 percent of those surveyed citing global economic uncerta
May 30, 2011
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Jobs at listed firms hit new high in 2010
The number of jobs offered by South Korea’s listed companies soared to a record high last year as companies increased employment on the back of their strong earnings, data showed Monday.A total of 1.09 million people were hired by the 719 companies listed on the Seoul main stock index in 2010, up 10.8 percent from the previous year, according to the data by the Korea Listed Companies Association.
May 30, 2011
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S-Oil to buy into poly-silicon producer
S-Oil Corp., the country’s third largest refiner, announced Monday that it will acquire a third of Hankook Silicon Co.’s stakes as part of its drive to expand into the renewable energy business.S-Oil said that the deal, which will see the refiner gain 33.4 percent of Hankook Silicon for 265 billion won ($245 million), will be finalized next month.The company said the decision to buy into the compa
May 30, 2011
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SK Innovation breaks ground on new battery plant
SK Innovation Co., Korea’s top refiner, broke ground on its second plant Monday to produce batteries for electric vehicles, upping the ante for its fledgling green energy business as a next-generation revenue source.Located in Seosan, South Chungcheong Province, the facilities will start manufacturing 200-megawatt-hour batteries early next year and 300-MWh batteries by the end of 2012, SK Innovati
May 30, 2011
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[Herald Interview] Edwards seeks bigger Asian presence with new plant
The decision to build a plant in Korea for manufacturing dry pumps for semiconductors was a natural one designed to give Edwards a leg-up in the Asian markets. “Korea is geopolitically well-situated to be able to export to the (Asian) markets due to its proximity to the customer, ability to form intimate relationships with them and concentration on technology and right quality of people,” Mathew T
May 30, 2011
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STX shipbuilder gets $150m order from Greece
STX Offshore and Shipbuilding Co. announced Monday that it has won a $150 million contract from a Greek shipping company.The Changwon, South Gyeongsang-based shipbuilder said that the contract for four petroleum product carriers was signed with the Greek shipping firm Thenamaris Ships Management Inc. on Friday.The shipbuilder said that the first of the four vessels will be delivered to Thenamaris
May 30, 2011
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Samsung invests $3b for Chinese LCD market
Electronics giant kicks off 7.5-generation display panel plant in SuzhouSamsung Electronics, the world’s No. 1 television maker, held a ground-breaking ceremony for a next-generation liquid crystal display plant in China in a drive to target the fast-growing Chinese market.A sales clerk inspects liquid-crystal display televisions at Samsung Electronics Co.’s store in Seoul. (Bloomberg)The company
May 30, 2011
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Renault Samsung revs up new SM7
Renault Samsung Motors Co. is revving up to take on the country’s closely contested upper midsized sedan market with the revamped SM7.The revamped SM7, which will go on sale on the local market in the second half of the year, represents an opportunity for the company to gain ground in the local market. The new SM7. (Renault Samsung Motors Co.)With just under 2,500 units of the current SM7 sold on
May 30, 2011
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Tablets, 3-D in focus at future-shaping Taiwan IT show
TAIPEI (AFP) ― The question of how to get 3-D technology into every living room and a tablet computer into every hand is set to dominate Asia’s largest IT fair which opens in Taiwan this week.Around 1,800 exhibitors from across the world will descend on Taipei for the Computex fair, which runs from Tuesday to Sunday, hoping to generate an estimated $23 billion of sales from 36,000 buyers, organize
May 30, 2011
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Toyota president to visit S. Korea to shore up morale
The chief of Toyota Motor Corp., the world's biggest carmaker, is likely to visit South Korea later this week to shore up support here for the brand, industry sources said Sunday. Akio Toyoda will arrive here around Saturday for his first South Korean trip since becoming president of the company in 2009, the sources said, adding he will meet with Toyota dealers at their shop in Seoul among ot
May 29, 2011
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U.S. consumers give 3-D two thumbs up
Almost 90 percent of U.S. consumers have given high ratings to the picture quality of 3-D televisions and did not mind the battery-charged eyewear used to watch the three-dimensional images.Up to 88 percent of some 3,065 3-D-capable set owners who participated in a poll commissioned by The Digital Entertainment Group said last week that they were satisfied with their 3-D home viewing experience an
May 29, 2011
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S-Oil Corp. expands petrochemical agent facilities in Ulsan
S-Oil Corp., the country’s third-largest oil refinery, said Sunday its expanded plant for paraxylene and benzene is now in full operation, taking a step forward in cultivating the petrochemical business as a future growth engine. Paraxylene and benzene are aromatic hydrocarbons generated by catalytically reforming naphtha, a petrol derivative. The two substances are key for production of polyester
May 29, 2011