Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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U.S. automakers warn of fragile demand
Aug. 3, 2011
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Spain, Italy debt risk premiums hit euro-era records
MADRID (AFP) ― Italian and Spanish sovereign debt risk premiums soared to euro-era record highs Tuesday, threatening to ensnare two major eurozone countries in an expanding debt crisis.Spain’s prime minister delayed plans to leave on vacation and Italy’s finance minister met with the central bank an
Aug. 3, 2011
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U.S. avoids default, but fails to dispel fears
Aug. 3, 2011
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Samsung will launch new Galaxy Tab in Australia as planned
Samsung Electronics Co. said Tuesday that it will release the new version of its Galaxy Tab tablet computer in Australia this month as scheduled, denying media reports that Apple Inc.'s lawsuit has prompted the Korean company to postpone sales there."The Galaxy Tab 10.1 model for the Australian mark
Aug. 2, 2011
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Minister’s remarks on salaries irk business community
Minister of Knowledge Economy Choi Joong-kyung, who has made several stern comments about large companies’ practices, once again earned the ire of the country’s business community on Sunday.This time, the minister’s remarks were aimed at executives and their huge paychecks, ruffling the feathers of
Aug. 2, 2011
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Conglomerates may follow Samsung’s MRO selloff ...
Speculation is rising that the country’s large businesses will follow Samsung’s newly unveiled plan to withdraw from business involving procuring maintenance, repair and operation supplies.Korea’s top conglomerate said Monday its flagship electronics unit and eight other affiliates plan to sell a co
Aug. 2, 2011
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Farmers threaten to halt milk production
Price negotiations with dairy companies stalled amid concern over milk shortageConcerns over a nationwide milk shortage are escalating as farmers threatened to halt Wednesday’s milk supply to dairy companies, demanding a price increase.The government continued on Tuesday last-minute efforts to media
Aug. 2, 2011
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Samsung tops N. American TV market in the first half
Samsung Electronics, the world’s No. 1 flat-screen TV maker, said Tuesday that it led the North American TV market in the first half of the year on the back of rising demand for high-end TVs.Samsung Electronics’ first-half market share for digital TVs stood at 35 percent in terms of value of the uni
Aug. 2, 2011
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SK, users deal with hacking aftermath
Online break-in at Cyworld, Nate prompts ‘real action’ to keep websites secureThe first thing Choi Hyun-hee did on Monday morning was change the passwords of the accounts she held at Kookmin Bank, Naver and Gmarket. She went through her mind several more times and came up with a list of other commer
Aug. 2, 2011
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Sony plans overhaul at TV business
Sony Corp., Japan’ largest exporter of consumer electronics, is planning an overhaul of its television operations as the business faces an eighth consecutive year of losses.The company is aiming to draw up the plans by the end of the month and changes may include reforms at the TV business developme
Aug. 2, 2011
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Asians target U.S. hotels as wealthy travel
High-end hotels in large U.S. cities are attracting buyers from Hong Kong, China and Singapore seeking to cater to a growing number of affluent Asians traveling abroad. Acquisitions by Asian investors probably will climb to the “low double digits” of all U.S. hotel deals this year, said John Strauss
Aug. 2, 2011
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U.S. factory growth weakest in 2 years
Manufacturing activity barely grew in July; slump could extend through summerWASHINGTON (AP) ― Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer.The Institute for Supply Management, a trade group of purchasing executives, said Monday that i
Aug. 2, 2011
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ADB warns of bumpy road into ‘Asian century’
TOKYO (AFP) ― Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday.On current trends, Asia will make up half the world’s economic output by 2050, and another three billi
Aug. 2, 2011
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U.S. deal would have little impact till 2014
Budget deal’s initial spending cuts too small to hurt economy in short runWASHINGTON (AP) ― The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years.Almost all the cuts would be made
Aug. 2, 2011
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S. Korea's large biz CEOs earn average 1.67 bln won in 2010
Chief executive officers (CEOs) working for South Korea's 100 largest businesses earned an average of just under 1.67 billion won (US$1.59 million) in 2010, a report showed Tuesday.According to Chaebol.com, their earnings include salaries, dividends and stock options, with top executives of Samsung
Aug. 2, 2011
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Class action suit may cost Apple up to W27b
More than 27,800 Koreans have signed up to file a class action lawsuit against Apple Korea for breach of privacy to pave the way for a legal battle that may cost the company as much as 27 billion won ($25.5 million). Miraelaw law firm, which will be representing the plaintiffs, said the official fig
Aug. 1, 2011
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SK E&S absorbs LNG affiliate
SK E&S Co., Korea’s top city gas provider, said on Monday it has absorbed and merged with K-Power, its power-generation affiliate, to boost their liquefied natural gas business. The merger took effect on Monday. Parent company SK Holdings, the country’s No. 3 conglomerate, now holds a 94.13-percent
Aug. 1, 2011
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LG Display may try to increase capital
Despite its recent decision to drastically cut investment, LG Display, the world’s leading LCD-maker, will have a hard time fending off a paid-in-capital increase, according to industry sources.“Everything will weigh on how the company finishes the year, because at the end of the year, the chances a
Aug. 1, 2011
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Doosan chairman emphasizes quality over quantity
Doosan Group chairman Park Yong-hyun on Monday said the company must focus on qualitative growth.In a message posted on the company’s intranet to mark its 115th anniversary, Park said that the company should now focus on qualitative growth and that it should continue trying harder despite its achiev
Aug. 1, 2011
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Hyundai-Kia, Ssangyong sales jump in July
Ssangyong Motor Co., South Korea’s smallest automaker, said Monday its sales surged 46.1 percent to a monthly high in July, fueled by strong exports and domestic demand.The company sold a record 10,763 vehicles last month, compared with 7,369 units a year earlier. Domestic sales rose 28 percent on-y
Aug. 1, 2011