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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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
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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
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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
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Gasoline cars sales up despite high fuel prices
SEOUL, Oct. 12 (Yonhap) -- Sales of gasoline-powered cars in South Korea rose this year from the previous year despite high local fuel prices, an industry report showed Wednesday.The Korea Automobile Manufacturers Association (KAMA) report showed that in the first eight months of the year 67.5 perce
Oct. 12, 2011
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SKT, SNU Hospital join hands for health care
New joint venture expected to be launched this yearSK Telecom, the country’s largest mobile carrier, said Tuesday that the company and Seoul National University Hospital recently agreed to establish a joint venture involving health care.The new joint venture is expected to lead the future health car
Oct. 11, 2011
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SK Planet aims to go global,...achieve W3.5tr sales in 2016
New subsidiary of SK Telecom to go overseas with focus on Asian marketsSK Planet, a new platform subsidiary of the country’s top mobile carrier, said Tuesday it aimed to make the company worth 5 trillion won ($4.29 billion) within the next five years.In its first press conference, the firm’s chief e
Oct. 11, 2011
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New KOTRA chief vows to help SMEs boost exports
The new head of the Korea Trade-Investment Promotion Agency pledged on Tuesday to open the door to exports for small- and medium-sized enterprises as he laid out his company’s roadmap for the next three years.Hong Suk-woo, an ex-chief of the Small & Medium Business Administration, took office at the
Oct. 11, 2011
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Hallyu stars boost food brand sales in Korea
VIPS, a local steakhouse chain owned by CJ Foodville, has seen a 30 percent increase in its sales since singer/actor Rain became a commercial model for the company in July. “Many of the new customers are Rain’s fans from China and Japan who have watched the TV commercials through YouTube,” said a CJ
Oct. 11, 2011
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Luxury brands probed over commission charges: FTC
The Fair Trade Commission said Tuesday that it has launched an investigation into major local and foreign brands sold at the so-called “Big Three” department stores in the nation. The probe started as part of the antitrust regulator’s determination to root out unfair business activities in the retai
Oct. 11, 2011
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STX eyes $200m sales from Indonesian coal mine
STX Corp. plans to increase revenues generated from its coal mine in Indonesia to $200 million next year, and push up the mine’s output to 5 million metric tons by 2013.STX Corp. acquired 40 percent of the mine from the Indonesian mining firm PT Indoasia Cemerlang at the beginning of the year for $3
Oct. 11, 2011
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Apple says pre-orders of iPhone 4S break record
NEW YORK (AP) -- Apple says first-day pre-orders of the iPhone 4S topped 1 million, breaking the record set by last year's model. Apple CEO Tim Cook talks about the iPhone 4S during an announcement at Apple headquarters in Cupertino, Calif., Tuesday, Oct. 4, 2011. (AP-Yonhap News)Apple Inc. an
Oct. 11, 2011
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SC First Bank set to drop Korean name
Standard Chartered First Bank will drop the “First” from its name, becoming Standard Chartered Bank within this year, the bank said Monday. “It’s not going to happen within this month, but we plan to change the bank’s name before the end of the year,” the bank’s Seoul official said Monday.The change
Oct. 10, 2011
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Nuclear power is a bridge for cleaner future
Nuclear power is an essential source of energy that requires more understanding on the part of the public, Korea Nuclear Energy Promotion Agency Chairman Rhee Jae-hwan said.Stating that while nuclear power has its dangers, it will continue to be an essential energy source until alternative sources a
Oct. 10, 2011
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LG unveils ultra-high-speed smartphone
LG Electronics Monday launched a new smartphone with ultra-high-speed network technology in a bid to catch up with rivals Apple and Samsung. LG, the world’s third-largest handset maker, said its Optimus LTE smartphone based on 4G wireless technology offers photos and videos with “true natural colors
Oct. 10, 2011
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Regulator considering limiting micro credit card payments
The Financial Services Commission said Monday that it is considering allowing businesses to reject credit cards for small payments.The potential upper limit would be 10,000 won ($8.55) similar to the United States and Canada, which impose a $10 cap, the nation’s top financial regulator said. “This i
Oct. 10, 2011
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General Motors to celebrate centennial of Chevrolet
General Motors will celebrate the 100th anniversary of its flagship brand Chevrolet in Detroit, U.S., this week where the first Chevy was built in 1911, GM Korea said on Monday.Chevrolet traces its roots to the dawn of the U.S. auto industry and has expanded from its traditional markets in North Ame
Oct. 10, 2011
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IAEA forum aims to lift awareness of nuclear power
Nuclear experts aim to allay fears of atomic energy after Japan crisisThe International Atomic Energy Agency’s workshop for public information on new nuclear power plants kicked off in Seoul on Monday.The five-day event organized by the Korea Nuclear Energy Promotion Agency in collaboration with the
Oct. 10, 2011
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Samsung reports LED breakthrough
Samsung Electronics Co. said Monday that its researchers reported a breakthrough in light-emitting diode technology that will allow production of ultra-large advanced display panels on ordinary glass, such as window panes. Samsung Advanced Institute of Technology succeeded in fabricating nearly sing
Oct. 10, 2011
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Samsung, LG family names used illegally for overseas fraud
Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married
Oct. 9, 2011
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Stores’ sales boom during Chinese golden week
Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compare
Oct. 9, 2011