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[Weekender] Foreign tourists flock back to Myeong-dong
What it means to be a relationship virgin in South Korea
‘Decoy’ to return with part 2 in April
[New Books] Yale professor guides readers through error of thinking in ‘Thinking 101’
‘The Glory’ stars Lim Ji-yeon, Lee Do-hyun dating
[Seoul Subway Stories] The rise and fall of Noryangjin, from nation's first railway station to lackluster hagwon hub
[Herald Interview] Art Central to grow larger, mulls return to Harbourfront site next year: fair director
‘Momentum for change’: Ji Seong-ho highlights North Korea human rights during US trip
SM Entertainment founder Lee looks to the future as company appoints new management
[Breaking] 3 arrested in abduction and murder of woman
Daewoo E&C paves way for sustainable growth with financial stability
[Today’s K-pop] BTS’ Jimin sells record 1.45m copies of solo album
KT plagued by unprecedented leadership vacuum
Transcending boundaries, Tongyeong's leading musical festival returns
Opposition leader’s court appearance sparks fierce protests
Seoul shares up nearly 1 % on hope for chip turnaround
NMK to host outdoor music performances
Hyundai Mipo Dockyard wins W240b order from Africa
Baedal Minjok charges highest transaction fees to vendors
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Samsung, LG to jointly develop thin-film solar cells
Industry
May 31, 2011
...h 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 and LG ― Korea’
s
top two electronics companies ― will seek to develop super-thin photovoltaic materials that can be placed over glass, metal and polymer-based substrates to produce electricity, the ministry said. S...
Merck seeks Korean partners for growth and diversification
Industry
May 31, 2011
...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 ele...cent years. As part of its growth strategy, it acquired Swiss biotech company Serono in 2007 and U.
S
. life-science firm Millipore last year. Now Korea has emerged as a next investment target, Koenig ...
Hyundai Heavy Q1 figures soar on ship, equipment sales
Industry
May 31, 2011
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... 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 trillion won while net profits were recorde...
China’
s
Baitong to invest $70 million in Jeju resort
May 31, 2011
...ld condominiums on the southern island that will be sold to Chinese consumers. The Chinese company’
s
intentions were confirmed at an event held on the sidelines of a conference for investing in Korea...nized by the Korean government in Beijing as part of Minister of Knowledge Economy Choi Joong-kyung’
s
two-day visit to China. In addition to attending the event, Choi met with the Chinese Minister of...
SKT spins off platform unit
Industry
May 31, 2011
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 a...designating an exact date for the split, its officials said. In an in-house broadcast, the company’
s
chief executive Ha Sung-min said the newly-established corporate body, headed by the firm’
s
platfo...
African nations learn standardization from LG
Industry
May 31, 2011
... development campus in Gasan-dong on Tuesday to take a page from the South Korean electronics maker’
s
standardization procedures. “We hope to make it part of our mission to help Africa take a lead in...rly in the case of industry leaders such as LG and Samsung. Samsung and LG are currently the world’
s
second- and third-largest handset makers, and also are at the top of the global television manufac...
Major retailers face probe over commission charges
May 31, 2011
...ongdoings including arbitrary cancellation of orders,” the Kbiz said. The corporate watchdog has been driving industry-wide investigations into big business groups under Lee Myung-bak administration’
s
priority policy of promoting broader-based growth and a wide diffusion of wealth. Its proponents argue that the nation is in need of retooling its growth model, which is heavily centered on large e...
Industrial output grows 6.9% in April
May 31, 2011
Korea’
s
industrial output continued to grow in April, but its expansion pace slowed, raising concerns the nation’
s
economic recovery may be losing momentum, a government report showed Tuesday. Accor... on-month 1.5 percent contraction,” the report said. Such mixed output figures came as South Korea’
s
economy remained on its recovery track, boosted by strong exports. The economy, Asia’
s
fourth lar...
Interest burden on household debt remains high
May 31, 2011
... ago, the second consecutive quarter of such rapid growth. The amount translates to 19.18 million won per head, which is almost 80 percent of gross national income per capita. “We believe that Korea’
s
ratio of household debt to disposable income is one of the highest globally, and it continues to rise,” Moody’
s
senior analyst Choi Young-gil said. “Moreover, a high proportion of this household debt burden consists of interest-only, floating-rate mortgages which means that there is little natural amortizati...
Ticket Monster launches business in Malaysia
Technology
May 31, 2011
Ticket Monster, the country’
s
largest social commerce firm, said Tuesday the company would launch its first overseas business in Malaysia in its first step into the market there. Daniel Shin, CEO an...alaysia was chosen because Ticket Monster expects the market there to grow sharply with the country’
s
rising Internet penetration, according to Shin. The Internet penetration rate in Malaysia increase...
[Herald Interview] App firm Podotree gears up for overseas expansion
Technology
May 31, 2011
Podotree, a local mobile application venture firm, is gearing up for overseas business expansion, with the goal of becoming the top player in the Japanese and U.
S
. markets, the company’
s
chief executive said Tuesday. In an interview with The Korea Herald, CEO Lee Jin-soo said the company released its Cube Dog 3-D Toy mobile application in global app stores, except the Japanese market, on Tuesday...
Social network services expand reach online
Technology
May 31, 2011
...ow, had never dreamed of being hired through such an online service before. Formerly employed at L&
S
Investment and AT&T, Chung posted his resume on the Korean Linknow site without pinning much hope ... an interview by Linknow founder Shin Dong-ho, who liked his resume and seated Chung as the company’
s
CEO in January. “I never thought a service like Linknow could take off in a country where people ...
Russia bans German, Spanish vegetable imports
Industry
May 31, 2011
...ld 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 t...n Russia of vegetables produced in all EU countries,” the Russian statement said. The agency chief’
s
Gennady Onishchenko urged Russians to eat only locally-grown greens, adding that all vegetables al...
Korean comic artist makes Hollywood breakthrough
People
May 31, 2011
... change of the time period. The movie is set in a future world where the world is controlled by God’
s
rules. The protagonist, the Priest (played by Paul Bettany), defies God’
s
rules and starts on a jo...ntervene.” Why was Hollywood attracted to Hyung’
s
works? “I think ‘authenticity’ is the key. There’
s
no answer to what attracts Hollywood, but I think being ‘you’ is important. It’
s
important to sole...
Cardiologist listed in Marquis Who’
s
Who
People
May 31, 2011
...nternational biographical publication for his work in cardiovascular disease treatment and research. Chosun University Medical School professor Koh Young-youp, 47, has been recognized by Marquis Who’
s
Who in the World since its 2009-2010 edition, as well as by Medicine and Healthcare and in the 2011-2012 edition of Science and Engineering. The U.
S
.-based Marquis Who’
s
contains short biographies of those whose achievements have been widely recognized. Koh was also included in two other distinguished biographical publications in 2010. He was n...
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