Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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KT launches new mobile plans for foreign residents
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Seoul to deploy more military doctors to fill med prof void
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KT&G to raise social spending
KT&G Corp., the country’s largest cigarette maker, plans to raise the proportion of annual revenues injected into corporate social responsibility projects to 3 percent.The target was included in the company’s long-term social contribution plans announced Tuesday.KT&G CEO Min Young-jin said in a stat
Aug. 16, 2011
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CJ CheilJedang to build plant for animal feed amino acid in Malaysia
CJ CheilJedang, Korea’s largest food maker, said Monday that it will establish the world’s first methionine plant in Malaysia next year. In April, CJ sealed a deal with France-based chemical firm Arkema to make an investment of more than $400 million in Kerteh, Terengganu State of Malaysia. If
Aug. 16, 2011
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Lotte Mart to expand China business
HONG KONG (Yonhap News) ― Lotte Mart Co., South Korea’s third-largest discount chain store, said Tuesday it will expand its China business by 2018 in an effort to boost its presence in China’s fast-growing retail sector. The chain, run by South Korea’s largest retail conglomerate Lotte Group, said i
Aug. 16, 2011
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BC, banks team up to fight Visa
BC Card Co. and its 11 partner banks have agreed to join hands in protest against the “anti-market policy” of Visa, the Korean company said Tuesday. A consultative body, headed by a BC executive, expressed deep regret in a statement that Visa has fined BC unilaterally for refusing to use its global
Aug. 16, 2011
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Hyundai, Kia models named best low-cost cars to own in Australia
Cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. have been rated as the best low-cost ownership models in Australia, raising hopes for stronger sales down the road, industry sources said Tuesday.Hyundai’s i30 hatchback family car and Starex van and Kia’s Sportage R compact sport uti
Aug. 16, 2011
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Lee tapped to head new port authority
Lee Sang-jo, president of the Korea Container Terminal Authority, has been selected as new chief of the Yeosu-Gwangyang Port Authority, the government said Sunday. Lee Sang-joThe Ministry of Finance and the Ministry of Land, Transport and Maritime Affairs reviewed three applicants for the post and p
Aug. 16, 2011
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Farmers, producers agree on raw milk price hike
Dairy farmers and milk producers reached a long delayed agreement Tuesday on a hike in the price of raw milk, a move feared to make milk products more expensive and add to inflationary pressure. (Yonhap News)The agreement, effective immediately from Tuesday, calls for raising the average price of ra
Aug. 16, 2011
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Google's patent play: $12.5b for Motorola Mobility
SAN FRANCISCO (AP) -- It may be boldest move yet by a company known for being audacious: Google is spending $12.5 billion to buy Motorola Mobility. But the big prize isn't Motorola's lineup of cellphones, computer tablets and cable set-top boxes. A Motorola Mobility Xoom tablet is shown at Google he
Aug. 16, 2011
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More SMEs warm to shared growth
The number of small and medium sized enterprises positively rating the government-led shared growth drive has almost doubled since the introduction of a comprehensive plan last year, the Ministry of Knowledge Economy said Monday.The government implemented a comprehensive plan for supporting shared g
Aug. 15, 2011
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LGE ships record amount of smartphones
LG Electronics has shipped a record amount of smartphones in the second quarter of this year to step closer to its goal of rejoining the ranks of top-tier phone makers, sources said on Monday. The world’s third-largest handset maker showed a 590 percent increase in its shipment of smartphones in the
Aug. 15, 2011
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Luxury brands sold more despite economic woes
The demand for luxury goods is heating up among deep-pocketed Korean shoppers despite lingering global economic uncertainties, as shown in the sales data from global luxury brands. Sales of Louis Vuitton, Chanel, Hermes, Prada and Gucci in Korea jumped 17 percent to 78.4 billion won ($72.5 million)
Aug. 15, 2011
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Refiners, vendors rage at government
The government is facing fresh controversy as local refiners and gas station owners vent fury at the government’s push to curb fuel prices.The Ministry of Knowledge Economy has been striving to contain runaway petrol prices in the wake of rising inflation.Despite a recent decline amid conc
Aug. 14, 2011
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Hyundai Steel to buy equipment from China Erzhong
Hyundai Steel Co. said Sunday it had forged a contract to buy thick plate rolling mills from China National Erzhong Group Co. for an ongoing project to expand its plant in Dangjin, South Chungcheong Province.Under the deal, the Chinese company will supply 33 billion won ($30.5 million) worth of roll
Aug. 14, 2011
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LGE teams up with government to nurture software personnel
Program invites university students to software research projectsLG Electronics on Sunday said it will be working jointly with the government to help nurture software personnel. Until Aug. 26 the Seoul-based electronics company will receive applications for an IT software research study project in t
Aug. 14, 2011
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Sempio soy sauce replacing salt in Russia
This is the second installment in a series that spotlights Korean products enjoyed by people abroad. ― Ed. Katya, a 38-year-old mother who lives in Vladivostok, Russia, prefers to use soy sauce of Sempio Foods Co., a Korean condiment maker, rather than salt. “Korean soy sauce adds not just saltiness
Aug. 14, 2011
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Ball in Seoul court in Apple vs. Samsung battle
Korean courts to face tough call caught between two rivalsAs Samsung Electronics is poised to appeal the latest decision from a German court to ban the sale of its Galaxy Tab 10.1 in the European Union, all eyes are on the next phase of the patent battle. How the Seoul courts rule will be key in the
Aug. 14, 2011
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Customs nets more excess shoppers
Surge may have been caused by Korea-EU FTA taking effectThe number of travelers purchasing luxury goods in Europe sharply increased after the Korea-EU free trade agreement took effect in July, the customs agency said Sunday. A total of 1,056 people were stopped by customs officials last month as the
Aug. 14, 2011
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‘Turkey hopes to sign FTA with Korea by yearend’
Turkey’s Economy Minister Zafer Caglayan said Friday his country hopes to sign the free trade agreement with Korea on product trading by the end of this year.“We have had our differences regarding product trading in the past, but it seems the issues have been taken care of in various aspects and the
Aug. 12, 2011
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Billionaire Soros' ex-girlfriend files $50m suit
George Soros (Bloomberg)NEW YORK (AP) -- The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50 million lawsuit.Adriana Ferreyr filed the suit in Manhattan court on Wednesday.The 28-year-old Br
Aug. 12, 2011
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Ministry denies report on fuel import from Japan
Officials at the Ministry of Knowledge Economy denied news reports that the government is considering importing petroleum products including gasoline from Japan in a bid to slash fuel prices.“We have no knowledge of petrol imports or any examination underway,” a ministry official told The Korea Hera
Aug. 11, 2011