Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
Contentious grain bill put directly to plenary meeting for vote
-
6
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
7
Why is Apple Pay struggling to get purchase in Korea?
-
8
Yoon's office denies considering liberal figures for key posts
-
9
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
10
[Today’s K-pop] BTS pop-up event to come to Seoul
-
Samsung, LG Electronics under investigation for price-fixing
Korea’s two largest electronics firms Samsung Electronics Co. and LG Electronics Inc. are under investigations by the Fair Trade Commission for allegedly fixing prices of TVs and laptops, Yonhap News Agency reported Thursday. The watchdog is said to have started reviewing sales documents and related
Oct. 13, 2011
-
Moody’s lowers LGE’s outlook to negative
Moody’s Investors Service lowered the outlook for LG Electronics from stable to negative on Thursday, citing the firm’s weakened position in the handset business and the uncertain global economy.With economic uncertainty leading to weakness in profitability and credit metrics, LG Electronics’ rating
Oct. 13, 2011
-
CJ files suit to allow generic Viagra
Food and pharmaceutical company CJ CheilJedang on Wednesday filed a nullity suit against Pfizer over the “use” patent of impotence medicine Viagra. “This is the first lawsuit filed to nullify the patent of Viagra in Korea. Other drug companies that are preparing for the generic forms are also keepin
Oct. 13, 2011
-
EU trade chief sees better eurozone next month
The European economy is struggling to contain its deepening crisis at the moment but it will show progress starting next month, Karel De Gucht, the European Union’s trade commissioner, said Thursday in Seoul.Speaking to journalists at a forum in Seoul, he pinned his hopes on the European Commission’
Oct. 13, 2011
-
Samsung to proceed with legal options on Galaxy Tab ban
Australian court hands another patent victory to Apple Inc.Samsung Electronics said Thursday that it will proceed with immediate legal options after an Australian court slapped a temporary ban on its Galaxy Tab 10.1, handing another victory to its rival Apple in their global patent war.“We express o
Oct. 13, 2011
-
isMedia CEO puts success down to trust with employees
Compact Camera Module Test Equipment (isMedia)CEO hopes to make company a dream workplace for employees’ childrenisMedia, a Korean venture firm that produces test equipment for compact cameras, is basking in a smartphone boom as both a contributor and a beneficiary.The company’s products test the ca
Oct. 13, 2011
-
GM to produce all-electric Chevy Spark in 2013
U.S. giant automaker sees no industry convergence on energy source used to power vehiclesDETROIT ― There will not be a predominant low-emission technology in the automotive industry, a senior General Motors official said Wednesday, emphasizing the importance of developing more than one alternative e
Oct. 13, 2011
-
SaKong says leadership needed in world economy
The world needs firm political leadership and robust governance to resolve the ongoing economic calamity and maintain sustainable growth, said SaKong Il, chairman of the Korea International Trade Association.Accompanying President Lee Myung-bak for his five-day state visit to the U.S., SaKong gave a
Oct. 13, 2011
-
Samsung to counter Aussie court’s tablet PC ruling
SEOUL, Oct. 13 (Yonhap) -- South Korean tech behemoth Samsung Electronics Co. said Thursday it will take immediate legal action against an Australian court ruling that temporarily banned sales of its latest tablet computer. "Every legal action and other measures will be taken to ensure that Samsung'
Oct. 13, 2011
-
Big businesses plan to invest more this year
SEOUL, Oct. 13 (Yonhap) -- South Korea's 600 largest conglomerates plan to increase investments by 13.7 percent in 2011 but actual spending may be cut due to the global economic slowdown, a poll showed Thursday.The survey conducted by the Federation of Korean Industries (FKI) showed local businesses
Oct. 13, 2011
-
KORUS FTA big boon to S. Korean auto parts makers
SEOUL, Oct. 13 (Yonhap) -- South Korean auto parts makers are expected to benefit the most from the implementation of a free trade pact between South Korea and the United States, analysts said Thursday.The U.S. Congress approved the bilateral free trade agreement(FTA) on Wednesday, which is expected
Oct. 13, 2011
-
BlackBerry outages spread to North America
NEW YORK (AP) _ BlackBerry users across the world were exasperated Wednesday as an outage of email, messaging and Internet services on the phones spread to the U.S. and Canada and stretched into the third day for Europe, Asia, Latin America and Africa. A dummy BlackBerry handset stands at a shop in
Oct. 13, 2011
-
KEB sale to gather pace as Lone Star gives up appeal
SEOUL, Oct. 13 (Yonhap) -- Lone Star Funds' decision not to appeal a Seoul court verdict is expected to speed up the U.S. buyout fund's long-stalled plan to sell its controlling stake in Korea Exchange Bank (KEB), clearing legal uncertainties that have blocked the sale, market watchers said Thursday
Oct. 13, 2011
-
Tax breaks to boost electric car sales
The government proposed on Wednesday tax cuts worth up to 4.2 million won ($3,600) for purchasers of electric vehicles, as part of its bid for next-generation transportation that is convenient, affordable and energy-efficient.Starting next year, all electric car buyers will receive a 5-percent reduc
Oct. 12, 2011
-
Demand for smartphone DRAMs to spike
Demand for dynamic random access memory devices for smartphones are expected to outdo the overall DRAM market and post a triple-digit annual growth this year, an industry report said Wednesday.DRAM shipments in smartphone handsets are forecast to grow 164.4 percent in 2011 from last year, according
Oct. 12, 2011
-
Seoul to reduce rice production land
South Korea will continue to reduce its farming area for rice next year, the agriculture minister said Wednesday, despite earlier forecasts the country’s rice harvest this year will fall to the lowest level in 31 years. The government “plans to reduce the area for rice farming by 40,000 hectares nex
Oct. 12, 2011
-
Conglomerates help SMEs enter overseas markets
International expansion for SMEs emerges as new engine of shared growthShared growth between large companies and small- and medium-sized enterprises is one of the current administration’s main economic policies.Many of the country’s largest businesses have taken up the cause and now operate a number
Oct. 12, 2011
-
FTC warns against fraud on social commerce sites
The Fair Trade Commission on Wednesday warned consumers to take extra care when purchasing products through social commerce websites. Social commerce, through which consumers can enjoy discount deals online, has grown rapidly into a 500 billion won market in Korea. FTC chairman Kim Dong-soo (Y
Oct. 12, 2011
-
Smart Korea shows off the nation’s IT progress, prowess
Visitors look around the booths of participating companies at KINTEX in Goyang, Gyeonggi Province, on Wednesday. (Park Hae-mook/The Korea Herald)Smart Korea 2011 on Wednesday kicked off its four-day run to show off the nation’s IT progress over the past year. The nation’s largest IT exhibition, mark
Oct. 12, 2011
-
Kakao Talk to evolve into real-time service platform
Company’s CEO determined to take lead in platform creationKakao Talk said Wednesday that it will evolve into a real-time mobile messaging platform, moving a step further from being merely a free mobile messaging service. Kakao Talk CEO Lee Jae-beom speaks at a press conference on Wednesday. Yo
Oct. 12, 2011