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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S. Korea votes in favor of Palestinian bid for UN membership
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Farming households dip below 1m for first time in 2023
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Six drug makers fined W11b for illegal rebates
The Fair Trade Commission said Sunday that it has fined five multinational drugmakers and one local firm a total of 11 billion won ($10 million) for illegal rebate activities. The financial and non-financial benefits given in return for prescriptions and drug orders between August 2006 and March 200
Sept. 4, 2011
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Hyundai tops profit ranks in H1
Hyundai Motor Group’s first half net profit overtook that of Samsung Group for the first time, aided by rising automobile sales and difficulties faced by Japanese carmakers, data showed Sunday.According to the Korea Exchange and the Korea Listed Companies Association, the combined net profit of Hyun
Sept. 4, 2011
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Samsung dominates handset market in Aug.
Samsung Electronics, the country’s biggest mobile handset maker, said on Sunday its domestic market share reached nearly 60 percent in August on the back of stronger demand for its smartphone models led by Galaxy S2.Samsung projected that a total of 2.13 million mobile handsets were sold last month,
Sept. 4, 2011
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Handbags beat loans as Hermes overtakes SocGen
If only French banks had the allure of a Parisian maker of $8,000 handbags.The chart of the day shows how Hermes International SCA, maker of Birkin bags and the best performer this year in France’s SBF-120 Index, has overtaken Societe Generale SA, the country’s second-biggest bank, by market value.
Sept. 4, 2011
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China's workers most likely to call in "sick": survey
Sept. 3, 2011
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Chinese shoppers go for Korea’s goods, culture and property
Outside Dongwha Duty Free Shop in the center of Gwanghwamun, central Seoul, rows of tour buses lined up in the parking lot demonstrate China’s ever-growing thirst for Korea. Tourists wait for their tour bus after shopping at Dongwha Duty Free Shop in Gwanghwamun on Thursday. Lee Sang-sub/The Korea H
Sept. 2, 2011
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LG aims for No. 1 in home appliance market in Europe
BERLIN ― An executive at LG Electronics declared Friday that the company will position itself as the top home appliance brand in the European market by 2015.In a press conference held on the sidelines of IFA 2011, Lee Young-ha, president of the company’s home appliance division, said it aims for a t
Sept. 2, 2011
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Samsung confident of outpacing Apple, Google in software
BERLIN ― Samsung Electronics’ vice chairman Choi Gee-sung expressed confidence Friday that the company will take the lead in the global software industry in two years, dismissing rumors that it will take over the PC unit of Hewlett-Packard.“People are posting concerns that Samsung isn’t in the lead
Sept. 2, 2011
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Hyundai Oilbank launches oil upgrading facility
Hyundai Oilbank Co. said Thursday it has entered into full-fledged operation of its second heavy oil upgrading plant in a bid to gain an upper hand in the lucrative market.Located in Daesan, South Chungcheong Province, the new facility has been test-running since the completion of construction in Ja
Sept. 1, 2011
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[News Focus] SKT may face difficulty financing Hynix acquisition
Telecom giant also needs huge investment for new radio spectrum and platform division spin-offFew raised doubts over SKT’s financing when the nation’s top mobile carrier submitted its letter of intent early July to acquire a 15 percent stake of the world’s second biggest computer memory chipmaker Hy
Sept. 1, 2011
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Bulgogibrothers to open first overseas store in Manila
Bulgogibrothers, a local franchise specializing in Korean barbeque, said Thursday it will open its first overseas store in the Philippines on Sept. 8.The bulgogi store will be the first hansik, or Korean food, restaurant located in the city of Makati, the financial center of Manila, the company said
Sept. 1, 2011
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Samsung, LG to flex muscle at IFA 2011
Korean and foreign firms to show new TVs, smartphones, tablet PCs during 6-day global trade showBERLIN -- The global trade show IFA 2011 kicked off in Germany on Friday, unveiling a number of new wireless gadgets and smart home appliances.LG Electronics featured 3-D total solutions -- the 3D TV, 3D
Sept. 1, 2011
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SK to hire 2,100 workers in second half
SK Group plans to scout for 2,100 young and experienced talents in the latter half of the year, the country’s third-largest conglomerate said Thursday.With another 2,900 already hired in the first half, the figure will be added to mark a record number of 5,000 new employees for the year, up nearly 4
Sept. 1, 2011
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POSCO sponsors second multicultural wedding
Six multicultural couples with financial difficulties were married in a joint ceremony sponsored by the steelmaker and Gangnam-gu office on Thursday.The couples were selected from the 1,010 multicultural families living in Gangnam-gu who are married but have not been able to hold a wedding ceremony
Sept. 1, 2011
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SaKong to discuss Chinese economy in Beijing
SaKong IlSaKong Il, head of the Korea International Trade Association, plans to discuss the Chinese economy at a forum in Beijing this weekend, the trade agency said Thursday.About 60 economists and experts around the world will take part in the High-level China 2030 Conference on Saturday hosted by
Sept. 1, 2011
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Kim Gi-ho becomes new CEO of Yes24
Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I
Sept. 1, 2011
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Rents in Myeong-dong 9th highest in the world
Seoul’s Myeong-dong was ranked the world’s ninth most expensive shopping district in terms of annual rent, slipping one place from 2010, a report showed Thursday. A Myeong-dong street in downtown Seoul. (Park Hyun-koo/The Korea Herald)According to a report compiled by the real estate services provid
Sept. 1, 2011
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New iPhone iteration lost in a bar: CNET
SAN FRANCISCO (AFP) -- Technology news website CNET on Wednesday reported that a new version of Apple’s coveted iPhone went astray in a bar in a replay of an embarrassing loss that took place last year. In this June 7, 2010 file photo, Apple CEO Steve Jobs,then, holds the new iPhone 4 during the App
Sept. 1, 2011
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Conglomerates raise recruitment, investment plans
Local conglomerates will hire a record number of new employees and increase investments this year, the Federation of Korean Industries said Wednesday.At a meeting in Seoul with President Lee Myung-bak on shared-growth, the FKI said the country’s 30 largest conglomerates have plans to hire 124,000 ne
Aug. 31, 2011
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Samsung promises early payments to suppliers
Samsung Group said Wednesday it plans to pay its bills worth 1.14 trillion won ($1.07 billion) early to its subcontractors ahead of one of the country’s biggest holidays.The announcement came as the group unveiled a plan to boost domestic consumption and help workers prepare smoothly for Chuseok on
Aug. 31, 2011