The Korea Herald

Air France ban female staff from serving Strauss-Kahn

Aug 5, 2011

Air France had allegedly forbidden female flight attendants from serving the ex-IMF chief as he had sexually harassed the staff, according to reports. Dominique Strauss-Kahn, now accused of attempting to rape a hotel maid in New York, had been harassing female staff on flights so frequently that the crew members complained to the company to take measures against ‘Great Seducer.’ The story was r...
Pilot from missing Asiana aircraft had $1.4 million debt

Aug 5, 2011

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 policies with dividends of $2.8 million, just a month before the crash. “It was found by Aviation and R...
Korean inventor considers patent suit against Miller

Aug 4, 2011

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 explained the spiral inside allows the beer’s “taste to flow right out.” According to Miller, the V...
Students borrow more from private lenders

Aug 4, 2011

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 around 80 billion won ($75 million) from private money lenders, up 40 percent from a year earlier...
Amore Pacific launches credit card

Aug 4, 2011

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 at its franchise stores such as Aritaum and Innisfree and other Internet shopping sites. For thos...
LG exec tops stock wealth list

Aug 4, 2011

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. 1. Thanks to his stockpile, Cha easily topped the list of executives at the country’s 100 largest...
Time for Brown Revolution: UNCCD chief

Aug 4, 2011

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, chief of the United Nations Convention to Combat Desertification told The Korea Herald. The Bro...
‘Korea to lead fight against desertification’

Aug 4, 2011

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 desertification at conferences and partnership arrangements,” Lee told The Korea Herald. The forestat...
Korea to host first Asian conference of UNCCD

Aug 4, 2011

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 Desertification will visit the southern city of South Korea to promote reforestation projects in Asia...
CJ Construction’s new chief

Aug 4, 2011

CJ Group’s construction arm CJ Engineering and Construction Corp. named Kim Chun-hak as its new chief executive and vice president on Tuesday. Before taking the post, Kim had been working for Samsung Heavy Industries Co. since 1983 and most recently served as the executive vice president in charge of Samsung Heavy’s construction business. “As the new chief executive is an expert who has worked ...
Sohn tapped to head panel

Aug 4, 2011

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. The appointment would mark the first professional manager to control the advisory body, which the Lee adm...
Hyundai Engineering wins $672 mln order from Singapore

Aug 4, 2011

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 in the heart of Singapore. The 34- and 45-story towers will house hotel rooms, business offices ...
Hanjin Heavy chief under fire for lying low over labor crisis

Aug 3, 2011

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 its labor union to go on strike. Only 400 people took the voluntary redundancy plan that guarante...
Herald Design Forum in Seoul Oct. 5-6

Aug 3, 2011

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 under the theme of “design changes the world.” The forum, held at the Shilla Hotel in Seoul, wil...
Lotte Mart to launch half-priced sauces

Aug 3, 2011

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 nation’s second-largest retail chain said Wednesday. Despite its cheaper price, Lotte Mart emphasize...