Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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LG 3-D TV provides eye-comfortable watch
First of all, it is an honor that the print advertisement of LG INFINIA Cinema 3-D TV has been awarded the silver prize by The Korea Herald. We would like to express our gratitude to our consumers of LG’s 3-D TVs through this opportunity.The newspaper advertisement of the LG INFINIA Cinema 3-D TV and 3-D glasses is part of a series of advertisements designed to focus on the advantages of the Cinema 3-D glasses that are not equipped with electric circuits or batteries among the other benefits. It
Oct. 31, 2011
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SK Broadband stresses values
First, I want to offer thanks to The Korea Herald for awarding us and congratulations to the other recipients as well. As a new leader in the telecommunications area that focuses on increasing customer satisfaction, SK Broadband is making efforts to produce unlimited values for the happiness of our customers in the convergence era. In addition, SK Broadband has been leading the technological trends by commercializing the high-speed Internet ADSL for the first time in 1999 and successfully adopti
Oct. 31, 2011
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LS Cable & System improves daily lives
First, I would like to give special thanks to the judges for offering LS Cable & System a grand prize for The Korea Herald Advertising Award.LS Cable & System is a leading provider of electricity supply equipment and infrastructure for communication, which are crucial foundations to modern industries. As one of the top 3 global cable companies, we hold the world’s best technology in the industry through the development of submarine cables and high temperature superconducting cables. Both product
Oct. 31, 2011
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Tetra Pak seeks sustainable growth through innovation
Swedish company calls Korea a small but fast-growing market for dairy productsPARMA/MODENA, Italy -- Speaking at the World Dairy Summit on Oct. 16 in this Italian city of Parma, Dennis Jonsson, president and CEO of Tetra Pak, pinpointed three key factors that have transformed the global dairy industry over the past 60 years.He said the world population has almost tripled; consumers have higher expectations about health and well-being; and they have become more environmentally conscious. “These
Oct. 31, 2011
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Hyundai Heavy, Asan Medical team up for hospital robotics
Hyundai Heavy Industries Co. and Asan Medical Center will collaborate in developing medical robots and equipment.The agreement to collaborate in the field was signed in Seoul on Monday.“Medical robots are essential for providing the best medical services, and (the company) plans to expand their application to brain and spine surgery in the future to become a world leader in medical robotics,” Hyundai Heavy Industries senior executive vice president and CEO Kim Oi-hyun said at the signing ceremon
Oct. 31, 2011
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Korean innovation more than ‘fast following’: GfK
Research firm expands operations here with new custom unitOver the last couple years Korea Inc. has been caught up in a fierce debate over its capability to spearhead the kaleidoscopic global market for technology rather than remain a copycat.While going-global firms such as Samsung, LG and Hyundai Motor enjoy their ever-expanding clout across continents, vocal critics including Ahn Cheol-soo pointed to their fundamental lack of innovation and creativity that give birth to products that customer
Oct. 31, 2011
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Samsung to pursue bold M&A
Tech giant vice chairman urges workers to be daring, open-mindedSamsung Electronics vice chairman Choi Gee-sung said Monday that the company must proceed with bold mergers for new growth engines, concentrating on fresh projects such as health care.In a ceremony organized to celebrate its 42nd anniversary, Choi urged its employees to open up to voices and resources within and outside of the company. He also suggested they need a daring mind for challenges that go beyond stereotypes.“Let’s harness
Oct. 31, 2011
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SK fined for ownership of financial unit
The Fair Trade Commission said Monday that it has imposed 5.08 billion won ($4.59 million) in fines on SK Group for violating a law banning a holding company from possessing a financial unit. Under the current antitrust law, a holding company with 100 billion won or more in assets is not allowed to own a financial affiliate. When SK turned into a holding company in March 2007, the group’s trading arm SK Networks should have dumped its 22.7 percent share of SK Securities, its “daughter company.”
Oct. 31, 2011
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Ssangyong E&C creates Singapore’s new symbol
Ssangyong Engineering & Construction would like to express deep gratitude to the judging committee and officials at The Korea Herald for this award.Commemorating the 34th anniversary of its establishment, Ssangyong is the No. 1 builder in terms of overseas premium construction, having built structures including the Raffles City Complex, the tallest hotel in the world as recorded in the Guinness Book of World Records; the Jumeirah Emirates Tower and Grand Hyatt Dubai, two of Dubai’s top three hot
Oct. 31, 2011
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‘Angry Birds’ creator will open its first retail stores in China this year
Rovio Entertainment Oy, the creator of the “Angry Birds” mobile-phone games, will open its first retail stores this year in China, its fastest-growing market. The company aims to hit $100 million in retail sales in China in the first year of store operations, Chief Marketing Officer Peter Vesterback
Oct. 31, 2011
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S. Korea's industrial output grows 6.8 percent in Sept.
SEOUL, Oct. 31 (Yonhap) -- South Korea's industrial output continued to grow in September from a year earlier, despite persistent uncertainties in the global economy, a government report showed Monday.According to the report by Statistics Korea, production in the mining and manufacturing industries
Oct. 31, 2011
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Number of smartphone users tops 20m
The number of smartphone subscribers in South Korea surpassed the 20 million mark last week, with nearly 40 percent of South Korean residents carrying such mobile devices, according to data from the country’s telecom regulator released Sunday. South Korean smartphone subscribers numbered slightly more than 20 million as of Friday, including 10 million users with industry leader SK Telecom Co., 6.8 million at KT Corp. and 3.3 million at LG Uplus Corp., the data compiled by the Korea Communication
Oct. 30, 2011
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Ningbo Baoxin inks cooperation deal with LGE
HONG KONG (Yonhap News) -- Ningbo Baoxin Stainless Steel Co., a Chinese steelmaker, said Friday that it has signed a business cooperation agreement with South Korea’s LG Electronics Co., in a bid to boost their competitiveness in the global market.Under the deal, Ningbo Baoxin Stainless Steel and LG Electronics will strategically cooperate in developing new products and enhance their common vision and interests, the Chinese stainless steelmaker said. Also, the deal calls for Ningbo Baoxin to sup
Oct. 30, 2011
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SK Group supports social enterprises
U.N. chief Ban praises conglomerate as spearhead of social contributionLike most Korean conglomerates, SK Group has been placing increasing emphasis on corporate social responsibility programs in recent years.While most have chosen to do their part through donations, SK Group has focused its efforts on social enterprises under the guidance of chairman Chey Tae-won.According to SK Group officials, Chey believes that simple donations have limited efficacy in solving social problems and that social
Oct. 30, 2011
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SK Group seeks efficient mutual growth
Large and small companies need to break out of the traditional boundaries of the contractor-subcontractor relationship to bring about shared-growth, SK Group chairman Chey Tae-won said Friday.Chey and the heads of major SK Group firms including SKC and SK Networks met with the CEOs of 70 SK Group subcontractors to discuss means to bring about shared growth at a conference in Yongin, Gyeonggi Province.According to SK Group officials, chief executives of SK Group subsidiaries were included in the
Oct. 30, 2011
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Daelim Industrial inks $1.22b power plant deal in Saudi Arabia
Daelim Industrial Co., a South Korean builder, said Sunday that it has signed a $1.22 billion deal to build a power plant in Saudi Arabia.Under the deal with state-controlled Saudi Electricity Co., Daelim Industrial will build the combined-cycle plant by September 2014, the company said.The power plant, with a capacity of 1,200 megawatts, will be built in Shoaiba, some 120 kilometers south of Jeddah.Daelim will design, build and operate the plant, it added.The SEC’s power plant project is aimed
Oct. 30, 2011
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Shinsegae Group chief’s Twitter account hacked
Shinsegae Group vice chairman Chung Yong-jin’s Twitter account appears to have been hacked by an unknown entity. The hacker sent commercial tweets and spam messages to more than 119,000 of Chung’s followers and even changed the account ID to “@Acaiberry56” from “@yjchung68.”The vice chairman was not aware of the incident until he checked his account the next day on Oct. 29, according to news reports.About an hour after Chung’s explanation, an anonymous Twitter user joined the website again with
Oct. 30, 2011
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Hanwha to operate leisure resort in China
Hanwha China is to go into the hot-spring resort business in China in collaboration with a local company, Hanwha Group announced Sunday.Hanwha China is the Korean conglomerate’s subsidiary in charge of its operations in China.According to the conglomerate, Hanwha China signed a memorandum of understanding with China’s Yida Group to establish a joint venture for building and operating a leisure resort compound within the Longmen complex in Dalian, Liaoning Province. The Longmen complex is a 265-s
Oct. 30, 2011
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Watchdog fines LCD makers for price fixing
The Fair Trade Commission on Sunday levied a fine of 194 billion won ($175.9 million) on 10 flat panel makers including Samsung Electronics, for price-fixing their flat TV and notebook computers.The fine is the largest ever slapped on an international cartel, of which Korea’s LG Display and Taiwan’s liquid crystal display makers AU Optronics, Chimei Innolux Corp., Chunghwa Picture Tubes and HannStar Display Corp. are members, the watchdog said. The watchdog said the collusion included adjusting
Oct. 30, 2011
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Samsung's presence in U.S. 3D TV market weakens in Sept.
Samsung Electronics Co., the world's largest flat-screen TV maker, lost ground in the 3D TV market in the United States due mainly to increased competition, industry data showed Sunday.Samsung Electronics' market share stood at 49 percent in terms of 3D TVs sold in the U.S. last month, falling below
Oct. 30, 2011