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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[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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Seoul to deploy more military doctors to fill med prof void
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Liberal bloc moves to rewrite student rights ordinance
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Hyundai to develop compact battery powered cars in 2014
Korean automakers have set out to develop midsized electric vehicles in a government project to roll out cheaper, eco-friendly and better-performing cars in 2014.A consortium led by Hyundai Motor Co., the country’s top car manufacturer, has signed a deal with the Ministry of Knowledge Economy to est
Aug. 10, 2011
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Milk crisis looms amid stalled price talks
Dairy farmers halted the raw milk supply again on Wednesday, with price talks stalled without agreement. Industry sources predicted that a milk crisis is imminent, saying that current milk reserves would reach their limits within one or two days. Representatives of the government, milk manufacturers
Aug. 10, 2011
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Neowiz Games’ earnings hit record
Neowiz Games Corp., a Korean online game publisher, again broke its highest quarterly earnings record in the second quarter, recording 167.7 billion won ($155.26 million) in sales, up 13 percent from last quarter.The company also posted 26.3 billion won in operating profit and 13.4 billion won in ne
Aug. 10, 2011
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Online associations protest Apple’s in-app purchase fees
Industrial action has been taken against Apple Inc.’s in-app purchase policy, with groups in Korea protesting the procedure which mandates customers and mobile app developers use its payment tool at its App Store.The Korea Internet Corporations Association, joined by the Korea Mobile Internet Busine
Aug. 10, 2011
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Baby boomers reliant on state pension plan
Experts call for more aggressive pension managementTo mark the 58th anniversary of its establishment on Aug. 15, The Korea Herald is publishing a series of articles on the looming retirement of Korean baby boomers and its socioeconomic impact on the nation. The following is the fourth of the eight-p
Aug. 10, 2011
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China’s trade surplus surges to $31.5b
China’s trade surplus surged to $31.5 billion in July, the highest level in more than two years, as exports rose to a record level. Outbound shipments climbed 20.4 percent from a year earlier, compared with the 17 percent median forecast in a Bloomberg News survey of 25 economists. Imports climbed 2
Aug. 10, 2011
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Apple world’s most valuable U.S. firm
NEW YORK (AP) ― Apple briefly surpassed Exxon Mobil on Tuesday as the nation’s most valuable company.The iPhone and iPad maker had the lead for much of the afternoon before its stock closed just behind Exxon’s. The two companies are so close that Apple is likely to keep the top spot soon.Apple Inc.’
Aug. 10, 2011
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Bargain hunters prepare to pounce
Analysts cautiously say it may be good time to invest in Korean stocksThe Korean stock markets this week are the Asian crisis revisited, according to many investors on Tuesday who watched with despair as the main bourse tanked in just 48 hours. None of the nation’s brokerages correctly predicted suc
Aug. 9, 2011
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Obama seeks to reassure faith in U.S. credit
WASHINGTON (AP) ― Eager to calm a nervous nation, President Barack Obama on Monday dismissed an unprecedented downgrade in the nation’s credit rating, insisting investors will stand by the United States even as stock markets plunged. Obama said Washington can fix its ills by showing more political w
Aug. 9, 2011
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Amore Pacific’s overseas sales surge 16 percent
Amore Pacific Corp., the nation’s largest beauty company, said Monday that it has logged 1.3 trillion won ($1.2 billion) in sales in the first half of the year, a 16 percent increase from a year earlier. During the same period, operating profits amounted to 241.5 billion won, up 4 percent, while net
Aug. 9, 2011
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Korea now No. 2 LED producer
Local firms’ bold investment in television production and upbeat global demand turned Korea into the world’s second-largest maker of light-emitting diodes last year, the government said Tuesday.Combined sales of Korean LED manufacturers more than doubled to 6.9 trillion won ($6.35 billion) last year
Aug. 9, 2011
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Ministry’s point man on baby boomers stresses jobs for the old
There are 7.13 million Korean baby boomers who were born between 1955 and 1963, or 14 percent of the total population. They will face difficult financial and social situations after retirement and the government should meet their different demands, Lee Ki-young, director of policy planning for baby
Aug. 9, 2011
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China inflation quickens to 6.5% in July
China’s inflation accelerated to the fastest pace in three years in July, limiting the scope for monetary easing as risks to the global economy mount. Consumer prices climbed 6.5 percent from a year earlier, the Beijing-based National Bureau of Statistics said on its website Tuesday. That was more t
Aug. 9, 2011
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Former IP judge to head KIPI
Pyo Jae-ho, a former chief judge of the Korean Intellectual Property Tribunal, was appointed as the new head of the Korea Institute of Patent Information, KIPI said Tuesday. Pyo Jae-hoKIPI said its board of directors has recently elected Pyo, a patent veteran with more than 10 years of experie
Aug. 9, 2011
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Korean singles think spouse should earn at least $33,000
Korean singles believe ideal annual income of potential partners should be at least $33,000, a poll showed on Wednesday.The research showed that while males wished for partners with annual salary of at least $30,055, females answered that the bottom line should be $37,110.Job Korea, a local online r
Aug. 9, 2011
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Major firms withdrawing from MRO business
Amid rising criticism over an oligopoly in the market, Korea’s large businesses are to keep their hands off affiliates in charge of sourcing spare parts, stationery and repair services for office equipment. SK Group became the latest conglomerate on Sunday to step back from its lucrative procurement
Aug. 8, 2011
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SK launches campaign to prevent future hacking attempts
SK Communications, which runs Nate and Cyworld, said Monday it will start a campaign asking its users to change their passwords to prevent a second possible security breach.Those who have not changed their passwords since the first security breach, which occurred in late July, must make the change t
Aug. 8, 2011
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Cabbage prices fuel kimchi imports
Imports of Korean staple rise by almost 40% on-yearAs prices of locally-produced napa cabbages soared, kimchi exports decreased by more than 10 percent this year, while imports increased by nearly 40 percent, government data found Monday. This year’s outbound shipment of kimchi amounted to 15,614 to
Aug. 8, 2011
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Lotte Mart denies transfer of headquarters to China
Lotte Mart struggled Monday to quell market speculation that the nation’s second-largest retail chain is considering moving its headquarters to China in the near future. According to news reports, Lotte Mart CEO Noh Byung-yong hinted at a potential move to China in a recent meeting with company offi
Aug. 8, 2011
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STX Heavy faces contract breach in Iraq
Company reviewing contract on whether Iraq can legally retract accord on plantSTX Heavy Industries is in danger of losing a 3 trillion won ($2.8 billion) plant construction contract in Iraq due to political turmoil in the Middle Eastern country, industry sources and news reports said Monday. STX, wh
Aug. 8, 2011