Most Popular
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Court upholds jail term for man who attempted to murder ex-girlfriend
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S. Korea to boost support for single-parent families
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Yellow dust engulfs S. Korea, advisory alert issued
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Kia EV9 wins world car of year
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Lee Jong-sup resigns as envoy to Australia
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Korea misses out on global bond index boost
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Samsung proposes deal to Apple in Australia
Samsung Electronics Co. made a proposal to Apple Inc. to resolve their patent dispute in Australia regarding touch-screen technology, a Sydney court was told Sept. 30. Samsung lawyer David Catterns didn’t give details about the proposal, and Apple will need time to consider it, Apple lawyer Steven B
Oct. 3, 2011
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Global slowdown, weak earnings dog economy
Weak demand from overseas and continued stock exodus to bring current account down furtherAn increasingly worse outlook for Korea’s major trading partners is throwing more doubt on the debt and inflation-saddled economy.Analysts expect the current account surplus to continue shrinking as demand drop
Oct. 3, 2011
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Chinese holidaymakers flood Korea
Chinese tourists are pouring into the country with the start of the mainland’s National Day Golden Week, raising Korea’s hopes for a chance to bolster its tourism revenues. With more than 70,000 Chinese visitors expected to visit this week ― a 20-percent increase from last year ― the state-run Korea
Oct. 2, 2011
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LGE 3-D TV named best brand by U.S. magazine
A 3-D TV set made by South Korea’s LG Electronics Inc. has been selected as this year’s best model for its clear picture and vivid color, a U.S. online computer magazine said Sunday.According to PC World, which has 5 million subscribers, LG’s 47-inch Cinema 3D TV, or LG Infinia 47LW6500, ranked firs
Oct. 2, 2011
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Ssangyong E&C signs deal for condos in Vietnam
Ssangyong Engineering and Construction Co. announced Sunday that it has won a $57.8 million contract to build part of a condominium complex in Vietnam.Under the contract, issued by a subsidiary of the Singaporean real estate developer Keppel Land, Ssangyong E&C will build three of the 12 residential
Oct. 2, 2011
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Samsung sees light ahead despite downturn
Electronics maker says will get through crisis on combined efforts with suppliersRecovery does not seem to be in the cards for the global economy, but Samsung remained upbeat and pledged to continue working with its partners to come back with a vengeance when the markets pull through the current cri
Oct. 2, 2011
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‘Why’ is designer’s most critical question: Bangle
World-renowned designer calls work with Samsung inspiring and challengingFollowing is the sixth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed. An upcoming visit by visionary designer Chris B
Oct. 2, 2011
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Sempio to unveil soy sauce cotton candy
Local condiment maker Sempio Foods Co. said Friday it would unveil its soy sauce cotton candy on Sunday. In Japan, ice cream and candies that use soy sauce have already been enjoyed. But it is the first time in the world that cotton candy has been made of soy sauce, the company said. Based on the id
Sept. 30, 2011
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FTC, retailers in discord over shared growth
Major department stores on Friday expressed concerns about antitrust authorities’ inspections into their shared-growth efforts with smaller businesses that could start as early as on Oct. 4. Early last month, the Fair Trade Commission reached an agreement with 12 department stores, supermarket chain
Sept. 30, 2011
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Humidifier sterilizer alert issued
The Korea Consumer Agency on Friday urged Koreans to refrain from using humidifier sterilizers, which have been blamed for mysterious deaths of five infants and a pregnant woman. The Korea Centers for Disease Control and Prevention is looking into 28 cases of lung disease with an unidentified cause
Sept. 30, 2011
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Medipost aims to dominate global biopharmaceutical industry
Firm specializing in cord blood expands business to develop stem-cell treatmentsIn the early 2000s, Korea was basking in the biotechnology boom thanks largely to advanced stem cell research. Strong government support led many research centers to open up bio-related facilities including cord blood ba
Sept. 29, 2011
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Korean patent office to export IP automation
KIPO gains foothold in African marketThe Korean Intellectual Property Office will develop an automated patent information system for the African Regional Intellectual Property Organization, Korea’s patent office announced Thursday.According to the KIPO, its commissioner Lee Soo-won signed a memorand
Sept. 29, 2011
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Samsung out to boost software to fight rivals
Electronics giant to sign deals with Microsoft, Intel on licensing, OSSamsung Electronics’ latest decision to cement a cross-licensing deal with Microsoft and jointly develop a new operating system with Intel was interpreted as a move designed to strengthen the company’s software competitivene
Sept. 29, 2011
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POSCO breaks ground for Turkey mill
Cold-rolling plant near Istanbul to produce stainless steel from 2013IZMIT, Turkey ― POSCO has set out to strengthen its foothold in Turkey’s growing market as it broke ground Wednesday for its new cold-rolling mill near the country’s economic and cultural capital.Located in Izmit, a coastal industr
Sept. 29, 2011
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Air Asia X slashes fares as it seeks expansion in Korea
Air Asia X, a Malaysian long-haul low cost carrier, is offering flights to Kuala Lumpur for as little as 100,000 won ($85) as part of its drive to expand its presence in the Korean market.According to the company’s CEO Azran Osman-Rani the limited time offer, which ends on Oct. 4, is only a small pa
Sept. 29, 2011
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Gmarket rewards merchants for making overseas sales
Gmarket, the nation’s No. 1 online marketplace, said Thursday that it will offer incentives to users who offer better services for overseas customers. According to the company, online cash will be given to the sellers who best promote their products in English until the end of October. Depending on
Sept. 29, 2011
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Korean Air awarded for top first class cabin
Korean Air received the top award for its first class seats, the carrier announced Thursday. The airline said it was awarded the Asia’s Leading Airline First Class award at the World Travel Awards Asia and Australia in Bangkok on Wednesday. This is the second consecutive year Korean Air has been sel
Sept. 29, 2011
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Daewoo Int’l taps into Australian mining
NARRABRI, Australia ― Daewoo International Corp., Korea’s leading trading company, is making rapid progress in resources development in Australia.The trading firm shipped 75,000 tons of coal extracted from Narrabri, 600 kilometers northeast of Sydney, to Japan on Thursday. It was the first time Daew
Sept. 28, 2011
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LG files to ban sales of BMW, Audi cars here
Two LG affiliates have filed a lawsuit to ban BWM and Audi’s local branches from selling cars fitted with Osram-made headlamps as part of their ongoing patent battle with the lightmaker, LG Electronics said on Wednesday. LG Electronics and LG Innotek said they are together seeking the sales injuncti
Sept. 28, 2011
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SKC completes EVA plant in United States
SKC Inc., a South Korean industrial film maker, said Wednesday that it has completed an ethylene vinyl acetate plant in Georgia in the United States.The plant will annually produce 12,000 tons of EVA, a key component in making solar cells, raising the company’s total annual capacity of EVA to 36,000
Sept. 28, 2011