Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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S. Korea votes in favor of Palestinian bid for UN membership
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FTC to examine firms’ shared-growth efforts
The Fair Trade Commission said on Wednesday that it will start a large-scale crackdown on unfair business practices next month, especially on high commission fees at major retail companies. The nation’s antitrust regulator revealed the plan on the first anniversary of the government’s shared-growth
Sept. 28, 2011
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New hall doubles KINTEX’s floor space
The second exhibition hall of the Korea International Exhibition Center, or KINTEX, in Goyang, Gyeonggi Province opened Wednesday.Minister of Knowledge Economy Choi Joong-kyung attended the opening ceremony, which doubled as the opening event of an industrial exhibition that combines six events.With
Sept. 28, 2011
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Daewoo International makes inroad into Australian mining
NARRABRI, Australia -- Daewoo International Corp., Korea’s leading trading company, is making fast 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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STX Group looks to resources, energy to support future growth
Conglomerate focuses on overseas resources as it seeks No. 7 spot among Korean business groupsSTX Group is looking to develop its energy and resource development business into a major part of its portfolio that will generate a quarter of its revenue target set for 2020.Under the “Vision 2020” plans
Sept. 28, 2011
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Yuhan-Kimberly seeks innovation through ‘smart work’
Employees of Yuhan-Kimberly work at a “smart office” installed in the company headquarters. (Yuhan-Kimberly)Yuhan-Kimberly, Korea’s leading hygiene-products maker, has recently announced its new corporate slogan “Smart Work,” which aims to maximize efficiency of workplaces so that employees can bett
Sept. 28, 2011
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16 business items selected to restrict entry of large companies
A presidential panel on shared growth released Tuesday a list of 16 business items, to which entry of large companies will be restricted. The Commission on Shared Growth for Large and Small Companies has continued discussions on 45 items since May along with local conglomerates.According to the pane
Sept. 27, 2011
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LTE phones face myriad of barriers
New cellphones boast higher speed but will be more expensiveLong-term-evolution mobile phones are here to stay, but consumers will not be fully appreciating the savvy new cells on account of a myriad of barriers that include a lack of nationwide networks and an inevitable increase in data fees. Majo
Sept. 27, 2011
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Faulty apps to be refunded within 30 days
Smartphone apps can be refunded within 30 days if users find any defect, antitrust authorities said Tuesday. The Fair Trade Commission said it recently ordered SK Telecom’s T-Store and LG Uplus’ OZ Store to correct their refund policy. The local app store operators had made full refunds only when th
Sept. 27, 2011
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Korea needs to develop distinctive ‘Korean style’ designs
Consumer-focused design and R&D is essential for successFollowing is the fifth 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.Companies need to focus all their efforts on the consumer, and begin t
Sept. 27, 2011
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Auto sales boom lifts POSCO’s Turkey business
NILUFER, Turkey ― Last October, in the midst of a robust economic upturn, POSCO opened facilities in Turkey to process steel sheets in a bid to hitch a ride on an unparalleled boom in the country’s automotive market. Almost a year on, the steelmaker’s Turkey Nilufer Processing Center is witnessing a
Sept. 27, 2011
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Major shake-up expected at Samsung at year’s end
Samsung LED, one of the industrial group’s underperforming affiliates, is expected to see many of its executives pack their bags amid speculation that the company will be merged with the semiconductor division. Among the 30 or so executives, nearly half are expected to be given the pink slip, i
Sept. 26, 2011
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Samsung introduces two 4G smartphones in Korean market
Samsung Electronics Co., the world’s second-largest mobile-phone maker, released two new smartphones here on Monday as global mobile operators move to faster fourth-generation networks. Samsung is confident that sales of the two new Galaxy handsets compatible with long-term evolution technology will
Sept. 26, 2011
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Asiana resumes flights to Sendai
Asiana Airlines reopened the route to Japan’s Sendai Airport on Sunday.The route was suspended in March after Japan was hit by a series of natural disasters. The resumed flight will be traveling from Incheon to Sendai Airport three times a week, every Tuesday, Thursday and Friday. The March earthqua
Sept. 26, 2011
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Osstem Implant fined for illegal rebates
The Fair Trade Commission said Monday that it has fined three dental equipment makers 127 million won ($106,000) for giving illegal rebates. It is the first time that the state-run antitrust regulator has found illegal marketing practices prevalent in the medical equipment market as well as in the p
Sept. 26, 2011
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Online tax paying system lacks security: lawmaker
A lawmaker on Monday alleged that HomeTax, the government’s online tax payment system, is exposed to the threat of hacking and lacks adequate security. Currently, about 5.22 million Korean taxpayers, most of them business owners, are using the system due to benefits such as tax cuts. According to Re
Sept. 26, 2011
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Korea to become ninth in world with $1tr trade
Trade volume growth sets important precedent for developing nationsSouth Korea’s trade volume reaching $1 trillion is a miracle that has significance not only for Korea but for developing countries, Korea International Trade Association chairman SaKong Il said Monday. With Korea’s trade volume, incl
Sept. 26, 2011
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Major reshuffling expected at Samsung at year’s end
Executives at Samsung LED, Samsung Mobile Display expected to pack their bags Samsung LED, one of the industrial group’s underperforming affiliates, is expected to see many of its executives pack their bags amid speculation that the company will be merged with the semiconductor division. Among
Sept. 26, 2011
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China launches gold vending machine
BEIJING (AFP) - China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said Sunday. This photo shows the first customer to use the country's first gold vending machine displaying her gold
Sept. 26, 2011
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10m Galaxy S II handsets sold
South Korea’s Samsung Electronics, the world’s second-largest mobile phone maker after Nokia, said Sunday it had sold 10 million Galaxy S II smartphones worldwide since the device debuted in April. Sales of the new model, an upgraded version of the firm’s flagship smartphone, had doubled in two mont
Sept. 25, 2011
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LG to invest 8 trillion won in eco-friendly projects
LG Group said it would push green energy business forward on a strategy titled “Green New Business.” Under the plan, the country’s second-biggest conglomerate aims to generate 10 trillion won ($8.5 billion) in revenue from green business by 2015, and become a leader in the electric vehicle parts, ph
Sept. 25, 2011