Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Golden chance to liquidate babies’ gold rings?
-
3
Inflation eases in April, continues bumpy ride
-
4
Seoul to more than double military drones by 2026 to counter NK threats
-
5
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
6
Seoul alerts overseas missions to NK terror threats
-
7
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
8
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans
-
LG aims W50tr to go from smokestack to high-tech
OCHANG/CHEONGJU, North Chungcheong Province ― LG Group’s chemical affiliates is targeting 50 trillion won ($46 billion) in sales by 2016 in a bid to complete the firms’ transition from smokestack to high-tech.The combined sales target of LG Chem, LG Household & Healthcare, LG Hausys and LG Life Sciences would mean double the 24.8 trillion won they raised last year. The growth, LG said, would be dr
May 29, 2011
-
Hyundai Mobis in world’s top 10 suppliers
Hyundai Mobis, Korea’s leading auto parts maker, was named one of the world’s top 10 suppliers on the back of robust sales, an industry report showed Sunday.According to the report by Detroit-based Automotive News, Mobis was ranked as the eighth-largest parts manufacturers in 2010 in terms of sales, up four notches from the previous year.Its revenue jumped 28.7 percent to $14.43 billion last year
May 29, 2011
-
Coffee drinkers won’t get break on higher prices
Colombia, the second-largest producer of mild arabica coffee bought by companies such as Starbucks Corp. and Nestle SA, said consumers will have to get used to higher prices because of rising demand and reduced supply. Production next year will fall short of consumption, keeping the cost of arabica coffee in a range of $2 to $3 a pound for the next 12 months, according to Colombian National Coffee
May 29, 2011
-
Biden hails U.S. auto industry rebound
May 29, 2011
-
Staying in style with second-hand shops
Koreans’ love for labels keeps used-goods industry bustlingKim Hae-mi had been more than a little doubtful as to whether it was a good idea to pick out the first Chanel bag of her life from a second-hand store. She recalled how unenthusiastic she was when she made the trip to Myeong-dong, a popular local shopping district in downtown Seoul dotted with the second-hand and consignment shops. But she
May 27, 2011
-
Samsung SDI takes over battery business
Samsung Electronics Co., the world’s top memory chip maker, will unload its solar battery business to its affiliate Samsung SDI Co. for 160.8 billion won ($147.6 million), the companies said Friday, in an apparent bid to revitalize the team’s disappointing performance, The boards of the two companies each approved the plan, which calls for Samsung Electronics to hand over its solar battery workfor
May 27, 2011
-
STX supports volunteer projects
STX Group on Thursday selected three social contribution projects devised by employees of subsidiaries that will receive the company’s support.The selected projects each received 1 million won ($925) from the company to be used for funding the activities. STX Corp. president Choo Sung-yob (second from right) poses with winners of volunteer projects. (STX Corp.)The company said that the event took
May 27, 2011
-
Outbound travelers up 4.7% in first 4 months
The number of Korean travelers going overseas rose 4.7 percent in the first four months of 2011 from a year earlier despite a recent earthquake and tsunami that hit Japan, the top destination for outbound tourists, data showed Friday.According to the data released by the Justice Ministry and the Korea Tourism Organization, the number of Koreans going overseas came to 4.09 million in the January-Ap
May 27, 2011
-
Samsung takes first steps on biologics
Venture breaks ground for plant in IncheonSamsung Biologics broke ground for its plant in Incheon on Friday.The company is Samsung Group’s biologics venture established in collaboration with the U.S.-based pharmaceuticals services provider Quintiles Transnational Corp. in April. Samsung Electronics Co. and Samsung Everland Inc. each own a 40 percent stake in the venture, with the remainder divided
May 27, 2011
-
Oil refineries fined W435b for collusion
The Fair Trade Commission said Thursday that it imposed 434.8 billion won ($402.5 million) in fines on four major oil refineries for anticompetitive practices and referred three of them ― SK Energy, Hyundai Oilbank, and GS Caltex ― to prosecutors for investigation. The corporate watchdog said it found evidence of the four colluding to prevent oil supplies to gas stations held by their competitors,
May 26, 2011
-
Siemens taps Kim as Korean unit head
Siemens Korea will next month appoint Kim Jong-kap, former head of Hynix Semiconductor, to become the first Korean chief executive in its 60-year history, the company said on Thursday. Kim Jong-kapKim, 59, was most recently chief of Hynix, the world’s No. 2 memory-chip manufacturer. He completed a three-year term that started in 2007 and is currently head of the board of directors. Prior to Hynix
May 26, 2011
-
Merck Korea starts childbirth campaign
Merck Korea, the Korean unit of the Germany-based pharmaceutical group, said Thursday it has launched a campaign to promote childbirth in efforts to ratchet up the low birth rate in the country.The “Wishmom” campaign was designed to raise public awareness of infertility and help couples struggling to conceive in partnership with the Korean Society for Reproductive Medicine. Actress Song Sun-mee wi
May 26, 2011
-
KT to transition to IT convergence group
KT Corp. said Thursday it will make the transition to an information technology convergence group from a telecom service firm, with plans devised to have non-telecom businesses take up 45 percent of overall sales by 2015.The country’s largest fixed-line service operator also announced it targets 40 trillion won ($37 billion) in sales ― 6 trillion won in IT service and media, 8 trillion won in fina
May 26, 2011
-
U.S. media reports 3-D TVhealth risks
The U.S. media has highlighted health risks related to excessive exposure to 3-D television at home, warning that it could negatively impact eyesight, especially among children.Citing expert opinions, NBC said kids’ eyes continue to develop until the age of 10, meaning the way their eyes learn to focus could be altered by too much 3-D vision. Another issue was the difference in the 3-D technology
May 26, 2011
-
LG Uplus to start LTE service by mid-2012
LG Uplus Corp., Korea’s smallest mobile carrier, said Thursday that it plans to begin a nationwide long term evolution service by mid-2012, moving up its schedule for the fourth-generation mobile service on booming smartphone demand. LG Uplus will begin offering the service in 82 cities around the country before the end of this year and complete its nationwide 4G network in July next year, the com
May 26, 2011
-
Pernod Ricard committed to ‘corporate citizenship’
Franck Lapeyre, chief executive of Pernod Ricard Korea, urged foreign businesses in Korea to join the drive by local companies’ to take on more social responsibility, underlining their role as “corporate citizens.” The distributor of Imperial and Ballantine’s whiskies, as well as Absolut Vodka, has been enthusiastic about its anti-drunk driving campaign since 2007, while sponsoring music schools,
May 26, 2011
-
Hanwha E&C wins $7.25 billion city project in Iraq
Deal becomes the largest overseas construction project won by a Korean firmHanwha Engineering and Construction Corp. announced Thursday that it signed a $7.25 billion contract with Iraq’s National Investment Commission.Signed on Wednesday in Iraq, the project is the largest overseas construction project to be won by a Korean construction firm. Under the contract, Hanwha Engineering and Constructio
May 26, 2011
-
Samsung products to be sent to Apple after patent ruling
Samsung Electronics said Wednesday it will send product samples to Apple’s legal team within 30 days after a U.S. court gave the order in a ruling over a patent dispute last week.“We don’t find it difficult to send the samples within the 30-day period since it is not the first time the products are being revealed,” said a Samsung official. “We’re also likely to request samples from Apple since the
May 25, 2011
-
SKT to open T-Store in China, Japan
SK Telecom, the country’s top mobile carrier, said Wednesday it will aggressively enter overseas markets, such as China and Japan, by opening its application store to customers there.SKT’s T-Store content and applications will be sold through a shop-in-shop form within the Mobile Market, which is China Mobile’s application store, beginning in July, its officials said.The company also signed an agr
May 25, 2011
-
[Herald Interview] Chile beckons Korean entrepreneurs
Recent university graduates face the daunting task of figuring out what to do with the rest of their lives. Chile might have an answer for graduates with tech ideas. “Startup Chile is a program that’s aimed to attract innovation and obtain the positive spillover effects of technology ventures,” said Chile Executive Vice President of the Foreign Investment Committee Matias Mori.The idea is to attra
May 25, 2011