Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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BAT Korea supports social sharing with Korean community
Companies’ social contributions are important in helping society stay healthy. Among different corporate management philosophies that abound in Korean society, British American Tobacco Korea has held on steadfastly to social responsibility.The company has over 1,000 employees and operates a manufacturing facility in Sacheon, South Gyeongsang Province.“Some people believe tobacco and social responsibility do not mix,” a BAT Korea spokesperson said. “Tobacco can involve risks, but those risks are
March 5, 2013
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Weak battery demand delays operation at LG’s U.S. plant
LG Chem Ltd., the world’s largest battery maker, said Thursday weak demand for vehicle batteries has led to a delay in the start of its American lithium-ion battery plant’s commercial operation, denying U.S. media reports that the factory is not run effectively.Citing the U.S. Department of Energy Special Report, The Washington Post and other U.S. media reported Wednesday that the factory in Holland, Michigan, into which $142 million of American taxpayer money was injected, is allowing workers t
Feb. 14, 2013
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[Power Korea] POSCO pushes for future growth with energy, premium steel
in response to rising uncertainties in the global steel industry, POSCO’s top management unveiled its strategy for future growth at the beginning of 2012. According to the blueprint titled as the “POSCO Family Vision 2020,” POSCO will seek core business expansion from steel to energy and material. In the course of developing the renewed growth vision, POSCO acquired independent power provider Kyungin Energy, now POSCO Energy, in 2005, plant builder Sung Jin Geotec in 2010 and Daewoo Internationa
Feb. 4, 2013
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[Power Korea] ‘POSCO Way’ path to global steel success
When asked which corporate brands represent Korea, Koreans are likely to pick Samsung, Hyundai Motor or LG without hesitation. In a survey in 2012 on what company Koreans loved, however, POSCO, the nation’s top steelmaker, came ahead of other conglomerates. Despite its privatization in 2000, POSCO has been considered a company for the citizens since its foundation in 1968 because of its history attributing to the nation’s economic miracle starting from scratch. Beyond Korea, POSCO has also grown
Feb. 4, 2013
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RIM launches new name and BlackBerry 10
Canadian smartphone pioneer Research In Motion said it was changing its name as it launched its new BlackBerry 10 smartphone Wednesday.RIM, as it was sometimes called, produced the first wildly popular cell phone, called the BlackBerry, which has struggled to get out from under a wave of rivals that followed, most notably Apple with its iconic iPhone and a host of phones that use Google‘s Android operating system.The Canadian company Wednesday said it would adopt the name of its most familiar pr
Jan. 31, 2013
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Female execs in public sector remain at only 9%
Korea will soon have a woman president for the first time in modern history. But the glass ceiling is still evident in the nation’s public organizations, despite progress in gender equality in other sectors. The proportion of women executives in government departments and public firms was a mere 9.1 percent, or 272 out of 2,993, according to Alio, a website compiling the management information of the public sector on Tuesday.Also, 51.7 percent of the corresponding organizations had no female mem
Jan. 15, 2013
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Samsung expects to post W200tr in sales
Samsung Electronics is expected to post up to 200 trillion won in annual sales based on a record-breaking year in 2012, the company said in a statement Tuesday.Last year, the company estimates that it recorded 201 trillion won of sales, while operating profit reached 29 trillion won. This was because in the fourth quarter, Samsung Electronics is seen to have posted sales of 56 trillion won and an operating profit of 8.8 trillion won. This indicates that sales rose by more than 7 percent compared
Jan. 8, 2013
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Samsung Electronics takes up 20% of stock market cap: data
South Korea’s tech giant Samsung Electronics Co. has increased its presence in the local stock market with its value reaching nearly 20 percent of the total market capitalization, data showed Tuesday.The market cap of Samsung Electronics reached 223.8 trillion won ($210.5 billion) as of Monday, or 19.26 percent of the market total and up 4.3 percentage points from end-2011, according to data compiled by the bourse operator Korea Exchange.Samsung’s market cap had stayed below 20 percent after rea
Jan. 8, 2013
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Dongbu Group inks deal to buy Daewoo Electronics
South Korean conglomerate Dongbu Group signed a contract to take over Daewoo Electronics Corp. on Tuesday, ending a decade-long search for a buyer for the country’s No. 3 electronics firm.The group said its consortium inked the deal with Daewoo Electronics creditors to purchase the appliance maker for 272.6 billion won ($256.4 million).The move comes five months after Dongbu Group was tapped as the preferred bidder of Daewoo Electronics, a former unit of Daewoo Group, one of South Korea’s larges
Jan. 8, 2013
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KT reports LG Uplus to watchdog for ‘irregularities’
KT Corp., the country’s top fixed line and No. 2 mobile carrier, on Tuesday reported rival LG Uplus Corp. to the communications watchdog for illegally luring subscribers.“KT has submitted a report to the Korea Communications Commission requesting a strict measure on LG Uplus, which has been receiving subscribers through illegal means despite its business suspension stemming from excessive subsidy payments,” KT said in a press release.Since Monday, LG Uplus has been under a 24-day business suspen
Jan. 8, 2013
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POSCO launches new social enterprise
POSCO, the nation’s top steelmaker, launched a new social enterprise named POSCO HUMANS on Wednesday after merging POSWITH and Poseco Housing, both of which were social enterprises under the steel group, POSCO HUMANS said in a press release. “The merger deal came for synergy effect and management efficiency. The newly established social enterprise will focus on offering jobs for socially disadvantaged people, including disabled and multicultural family members,’’ the company said. POSWITH, estab
Jan. 8, 2013
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Focus on core strengths key to survival of shipbuilder SPP
SACHEON, South Gyeongsang Province ― Contrary to concerns that idle shipyards in the nation’s southern coast are increasing due to lack of overseas orders since late 2008, the shipyard of SPP Shipbuilding in Sacheon is bustling. Each process required to build a vessel ― from steel sheet cutting to ship block manufacturing ― is in full swing. “We are lucky to have backlogs of orders that stretch to 2013,” SPP Shipbuilding CEO Kwak Han-jeong said in an interview with The Korea Herald. SPP Shipbui
Nov. 13, 2012
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Pioneer in wastewater treatment
Search for better solutions drives Boo-Kang Tech into a global playerThe Korea Herald, in collaboration with the Korea Environmental Industry & Technology Institute, is presenting a series of articles introducing small but promising environmental tech firms. The following is the fourth installment. ― Ed. Every challenge is an opportunity for growth. Or so many CEOs have preached to their staff. Yet, this overused, hackneyed saying best captures the essence of what made Boo-Kang Tech Co., or BKT,
Sept. 27, 2012
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Digital marketing key to staying ahead
The rise of online social networks such as Twitter and Facebook and social commerce services like Groupon are changing the way people do business. For companies, it’s a bewildering challenge that comes with disruptive changes everywhere. Traditional tools won’t work in the digital era, with people exchanging ideas and information about products and services at a frenetic speed. Companies are now scrambling to reconfigure their business models, infrastructure and whatever necessary to stay ahead,
Nov. 9, 2011
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[Meet the CEO] Sungho CEO sees R&D as a core competence
Kosdaq-listed frontrunner in capacitor eyes future-oriented items for growthPark Hwan-woo, president and CEO of KOSDAQ-listed Sungho Electronics Co. (www.sungho.net) was quick to use a metaphor in explaining what the company’s core business is. And his metaphor of choice is a human heart. Not that Sungho is making an artificial heart. The company’s specialty is producing capacitors, a component used extensively for a variety of electronic devices. So instead of blood, Park said the capacitors pu
Nov. 3, 2011
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Park sees R&D a core competence for Sungho Electronics
Kosdaq-listed frontrunner in capacitor eyes future-oriented items for growthPark Hwan-woo, president and CEO of KOSDAQ-listed Sungho Electronics Co. (www.sungho.net) was quick to use metaphor in explaining what the company’s core business is. And his metaphor of choice is a human heart. Not that Sungho is making an artificial heart. The company’s specialty is producing capacitors, a component used extensively for a variety of electronic devices. So instead of blood, Park said the capacitors pump
Nov. 3, 2011
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Kakao Talk unveils features to get instant messages from K-pop
SEOUL (Yonhap) -- Kakao Talk, South Korea's fastest-growing mobile messenger service, introduced new features on Wednesday that allow handset users to receive real-time messages from K-pop stars, companies and local merchants.Its operator Kakao Corp. also added features that enable users to play mob
Oct. 12, 2011
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Korean inventor claims Miller's beer bottle design infringes on his patent
A South Korean inventor claimed Thursday that the bottle design of U.S.-based Miller Brewing Company's Miller Lite beer infringes on his patent registered here, and said he would take legal action against the global alcoholic beverage firm.The inventor, who asked to be identified only by his surname
Aug. 4, 2011
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[Meet the CEO] LG Chem targets 25% global market share
CEO Kim says company is developing ‘second generation’ electric car batteriesLG Chem CEO Kim Bahn-suk had much to say regarding the future of the car battery market and how the company plans to carve out a leading share of global markets. He also talked about LG Chem’s vision for its people, and how that vision helped turn the company around since he came to office in 2006, a time when LG Chem was
May 11, 2011
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[Meet the CEO] Medipost hopes to fuel stem cell renaissance
CEO reveals push for partnership with multinational pharmaceutical firmsKorea’s stem cell research is slowly showing signs of a renaissance as many scientists strive to mend its reputation, marred by a case of scientific fraud six years ago.Although the 2005 incident involving Prof. Hwang Woo-suk, once hailed as a global cloning pioneer, led to a slump in human embryonic stem cell study here, othe
April 18, 2011