Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Pandemic left Korea more depressed than before: report
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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Shinsegae heir ready to tie the knot again?
Rumors fly over Shinsegae heir marriage plansBy Kim Ji-hyunChung Yong-jin, 42, vice chairman of Shinsegae Group, may be ready to tie the knot -- again -- this time with flutist Han Ji-hee, according to inside sources.Sources said that Han, 30, and Chung are making preparations for a wedding ceremony next month. Chung’s fiancee teaches at Sungshin Women’s University and has studied in Austria, Fran
April 8, 2011
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Samsung Electronics’ Q1 hit by LCD prices, tablet sales
The first quarter operating profit of Samsung Electronics, the world’s largest maker of TVs and flat-screen monitors, stood at 2.9 trillion won ($2.66 billion) to mark its smallest quarterly revenue in seven quarters after falling 34 percent from a year earlier, the company said on Thursday.Sales were at 37 trillion won, up 6.8 percent year-on-year, according to Samsung during an earnings guidance
April 7, 2011
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LG Uplus introduces wireless N-Screen service
LG Uplus said Thursday it introduced a wireless N-Screen service which enables sharing of data on multiple platforms for mobile phones, tablet PCs, televisions and personal computers.The company said people could easily use the service, dubbed “Uplus Shoot and Play,” by downloading the application on their devices without uploading content or making other inter-device connections.The service is cl
April 7, 2011
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Mobile carriers face price fixing probe
Korea’s three mobile service providers are being probed for illegal price fixing after a local civic group filed complaints with the state anti-trust regulator, business sources said.Sources said Fair Trade Commission inspectors carried out on-site inspections at SK Telecom, KT Corp. and LG Uplus on Wednesday, with emphasis placed on checking factory prices of smartphones and the possibility that
April 7, 2011
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[Herald Interview] Nestle hopes for more ties with Korean suppliers
Nestle S.A., the world’s largest food company, is seeking to boost its beverage and coffee machinery purchase from innovative Korean manufacturers, one of the firm’s high-ranking officials said Thursday. The firm saw the biggest potential of local companies in its leading technologies and dynamics, said Ruguo Hu, head of equipment & system of Nestle R&D Centre Shanghai. The Shanghai R&D center is
April 7, 2011
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KNOC spurs overseas resources development
State-run oil firm also seeks to diversify business to crude alternatives State-run Korea National Oil Corp. is stepping up overseas development projects and expanding its portfolio into alternative resources in bid to boost the country’s energy security. Korea, the world’s fifth-largest importer of crude oil, has been vulnerable to global oil price volatility and uncertainties in the market, espe
April 7, 2011
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Samsung puts Q1 operating profit at 2.9 tln won
Samsung Electronics Co., the world's top maker of memory chips, liquid crystal display (LCD) panels and TVs, estimated Thursday it had posted an operating profit of 2.9 trillion won (US$2.67 billion) for the January-March period. The preliminary estimate represents a 34.2 percent drop from an operating profit of 4.41 trillion won a year ago, Samsung said in a regulatory filing. It is also th
April 7, 2011
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LG Chem plant boosts global leadership
CEO says company will seek to supply electric-car batteries to Japanese firmsOCHANG, North Chungcheong Province ― LG Chem, the nation’s largest chemical company, sees South Korea having a global edge as a supplier of lithium batteries for electric vehicles, including in markets such as Japan. Renewing the firm’s pledge to join hands with international carmakers to lead the world’s battery industry
April 7, 2011
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Plan to lower telecom rates to be announced in May: KCC chief
A plan to lower telecommunication-related rates will be announced in May that can help stem hikes in consumer prices, the head of the country's communications regulator said Wednesday.Choi See-joong, chairman of the Korea Communications Commission, told reporters that the taskforce made up of the finance ministry and other related agencies are in the process of formulating a master plan.The taskfo
April 6, 2011
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LG, SkyLife tie up to conquer 3-D
LG Electronics and KT SkyLife announced a tie-up involving 3-D content on Wednesday, declaring the two will commercialize the service by the first half of next year.LG Electronics, the world’s second-biggest flat-screen television maker, said that it would feature 3-D content developed by the digital satellite broadcaster on the company’s 3-D TVs.As an initial step, the electronics manufacturer wi
April 6, 2011
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Samsung, LG dive into Chinese electronics market
The country’s two major electronics manufacturers said Wednesday they will aggressively target the Chinese market this week by introducing this year’s new line-up of 3-D televisions and wireless gadgets at an expo in Shanghai.Samsung Electronics and LG Electronics both showcased a variety of gadgets ― focusing on high-end smart TVs and smartphones ― in separate events in China.This is a move taken
April 6, 2011
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Spain to share oceanography experience at Expo
Spain, is to introduce its latest ambitious marine science project at the 2012 Expo in Yeosu, the country’s representatives said Wednesday.The European country will comprise the main exhibition in Yeosu with the results of its national research project named Malaspina Expedition 2010, Commissioner of Spain Cecilia Pereira said. The nine-month expedition, which is to be completed in July, assesses
April 6, 2011
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[Herald interview] Yeosu Expo to highlight climate
BIE chief says 2012 expo addresses timely issues, full of ideasThe 2012 Expo in Yeosu will bring oceans and climate change to the center of international attention, Vicente Gonzalez Loscertales, secretary general of Bureau International des Expositions said Wednesday.Loscertales had high hopes for the upcoming expo in Korea’s southwestern coastal city, he said, despite its smaller size than the mo
April 6, 2011
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HHI wins wind power generator contract
Hyundai Heavy Industries Co. announced Wednesday that it signed a contract to supply eight wind-power generators to a Finnish power company.According to Hyundai Heavy, this is the first time a Korean company has been contracted to supply wind-power generating equipment to a European country. Under the contract, Hyundai Heavy will deliver eight 2-megawatt wind-power generators to Finnish Power to b
April 6, 2011
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LSIS shows wares at German expo
LSIS, a local electric equipment manufacturer, is taking part in the Hannover Messe exhibition as it gears up to expand its global operations, the company said Wednesday.The company said that its exhibits at the show, which is held in Hannover, Germany until Friday, includes power control and automation products, and green business solutions such as electric car chargers, and solar energy solution
April 6, 2011
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S. Korea to inject 54.3 bln won into smart TV development
The government said Wednesday that it plans to inject 54.3 billion won (US$49.8 million) this year to help local companies maintain their lead in the global smart TV market.The joint plan announced by the ministries of knowledge economy and culture, and the Korea and Communications Commission calls for concerted efforts to build up smart TV-related contents and the establishment of a viable Intern
April 6, 2011
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Merck donates $1.2m to help Japan
Leading German pharmaceutical and chemical firm Merck KGaA said Thursday that it will donate $1.2 million to help relief works in Japan.Most of the amount will be entrusted to Save the Children, while the rest will go to Merck’s Japanese subsidiary which will decide on the use of the money. “We sincerely hope that the situation in Fukushima will be controlled soon … Merck will support Japan in tha
April 5, 2011
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Bernanke: Fed to improve financial oversight
Regulators to up supervision of nation’s financial plumbing to prevent another crisisWASHINGTON (AP) ― Regulators are working closely to strengthen oversight of inner workings of the nation’s financial system, part of a broader effort to prevent a repeat of the 2008 financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.The financial overhaul law enacted last year directs the Fed and
April 5, 2011
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New share sale to boost prospects of Hynix sale: analysts
The stalled sale of Hynix Semiconductor Inc. is likely to speed up as creditors of the chip maker are considering selling new shares to resume efforts to unload their stakes, market watchers said Tuesday.Creditors of Hynix plan to resume the process to sell a 15 percent stake in the world’s No. 2 computer memory chip maker following a set of failed attempts to sell it. Investors have been wary of
April 5, 2011
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SaKong to speak at Trilateral Commission
SaKong Il, chairman of Korea International Trade Association and G20 Summit Korea Coordination Committee, will attend the Trilateral Commission annual meeting April 8-10 in Washington, KITA said Tuesday.SaKong will address the “G20 and global governance” at the meeting which will also be attended by officials including former Canadian Prime Minister Paul Martin and Lawrence Summers, former U.S. Tr
April 5, 2011