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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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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Bangkok property boom on the rise
A 77-storey skyscraper is set to become the latest, and tallest, addition to Bangkok’s ever-changing skyline, already transformed by a construction boom that has raised fears of a property bubble.Variously described on Internet forums as looking “like it has been eaten by giant termites” and reflect
Aug. 1, 2011
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Change expected at Samsung to beat Apple, other rivals
Samsung is not a company used to being No. 2 in anything it does, but it appears to be falling behind in preparing for changing business surroundings. At least, this is the case according to Samsung owner Lee Kun-hee who last week publicly castigated his company ― albeit indirectly ― by saying Samsung needs to get going in terms of attaining “soft (ware) power, first-caliber human resources and pa
July 31, 2011
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Yeosu Expo courts more than 45,000 volunteers
Public participation in the upcoming expo in Yeosu is picking up steam as more than 45,000 have applied to volunteer, its steering committee said Sunday.The committee said it had accepted applications between April 1 and July 10 for volunteer work at the event, which will kick off May 12 in Korea’s southern port. Only 13,000 will be selected in April after document examinations, interviews and onl
July 31, 2011
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Choco-Pie building ‘Pie Road’
This is the first installment in a series that spotlights Korean products enjoyed by people abroad. ― Ed. Choco-Pie, the flagship brand of local snack maker Orion Corp., is often called a “little giant” here.It is a small round chocolate pie with a marshmallow center, which is 7 centimeters in diameter and weighs about 35 grams.Since 1974, the Choco-Pie has been enjoyed by every age group of Korea
July 31, 2011
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Joint venture lifts Korea’s Bolivian lithium bid
A Korean consortium forged an agreement with Bolivia’s state-run miner Comibol on Saturday to set up a joint venture to manufacture lithium-ion battery parts, boosting Korea’s bid to preemptively tap the vast Latin American mineral deposits.Under the deal, the Korea Resources Corp., POSCO and Comibol will form a task force next month or so to discuss details, a KORES official said. The scale of in
July 31, 2011
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HSBC to cut more than 10,000 jobs
LONDON (AFP) ― Global banking giant HSBC will announce this week plans to axe between 10,000 and 15,000 jobs in the coming year as part of a drastic cost-cutting drive, a report said Saturday.The bank, headquartered in London but with a major focus on Asia, will unveil the job cuts on Monday as it posts its half-year results, Britain’s Sky News television reported, without citing its sources. The
July 31, 2011
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Israelis protest high cost of living
JERUSALEM (AP) ― Tens of thousands of Israelis took to the streets nationwide on Saturday to protest rising housing prices in the largest turnout in a grass-roots movement that began two weeks ago and is demanding steps from the government to ease the burden.The protests over housing costs have tapped into wider discontent among Israelis over the high cost of living and the growing gaps between ri
July 31, 2011
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GM, Ford, Toyota accept Obama’s efficiency standard
Automakers agreed to double the fuel economy of the vehicles they sell in the U.S. to a fleetwide average of 54.5 miles per gallon by 2025, President Barack Obama said. The White House negotiated the proposal, which will take effect in 2017, with automakers including General Motors Co., Ford Motor Co. and Toyota Motor Corp. The administration proposed a 56.2 mpg requirement last month, up from a f
July 31, 2011
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Moody’s says U.S. should retain top rating
Moody’s says it now thinks U.S. will be able to keep ‘AAA’ ratingWASHINGTON (AP) ― Moody’s Investors Service said late Friday that the United States should be able to keep its “AAA” credit rating as long as Washington works out a deal that lets it continue to pay bondholders.The credit rating agency said it thinks that even if the nation’s $14.3 trillion borrowing limit isn’t raised by Tuesday’s d
July 31, 2011
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Missing pilot took out huge insurance policies before crash
Asiana Airlines Co. remained tight-lipped as it was revealed on Saturday that one of the two still-missing pilots of its crashed cargo plane had taken out a number of different life and property insurance policies a month before the accident.The Boeing-747 aircraft, operated by South Korea's second-largest air carrier, crashed into waters about 107 kilometers west of the southern resort island of
July 31, 2011
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Apple, Samsung overtake Nokia in smartphone market
HONG KONG, July 29, 2011 (AFP) - Apple and Samsung have overtaken long-time leader Nokia for the top two spots in the global smartphone market, a report said Friday, underscoring the Finnish handset maker's ongoing struggles.US-based research firm Strategy Analytics said the US and Korean smartphone makers outpaced Nokia in the second quarter, with the sector posting record quarterly shipments of
July 29, 2011
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SK Broadband ordered to compensate 400 mln won for information leak
SEOUL, July 29 (Yonhap) -- A Seoul court on Friday ordered SK Broadband Co., a high-speed Internet service provider, to pay a combined 400 million won (US$379,686) in compensation to its customers whose personal information was leaked by the company.About 2,500 SK Broadband customers filed class-action suits between 2008 and 2010, claiming the Internet service firm, formerly called Hanaro Telecom,
July 29, 2011
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Samsung Electronics’ Q2 sales up 4%
Samsung Electronics, the world top television and memory chip maker, posted its operating profit for the second quarter of 3.75 trillion won ($3.55 billion), down 25.2 percent from the same period last year.The company also announced it recorded 39.44 trillion won in revenue ― a 4-percent increase year-on-year ― and 3.51 trillion won in net income from April-June, down 18 percent compared to last
July 29, 2011
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Firms roll up sleeves to help victims of devastating rains
Korea’s business community is coming forward to help those affected by the heavy rains that wreaked havoc across the country this week.On Friday, some of the country’s largest conglomerates said they would provide money, goods and repair services for those affected by the rains. Chung Eui-sun (left), vice chairman of Hyundai Motor Group, poses with Han Joong-gwang, chairman of Korea Disaster Relie
July 29, 2011
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Netizens blast SK unit over leaked personal information
Thousands are voicing their anger with SK Communications online after it was found that personal information of 35 million online users had been hacked this week, an event that marked the country’s worst security breach.More than 3,200 people registered to voice their opinions in an online community (http://cafe.naver.com/hacknate) designed to take collective action against the company which opera
July 29, 2011
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U.S. jobless claims, housing data offer economic hope
July 29, 2011
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Republicans put off vote on debt limit
Legislation to raise ceiling and cut $1tr on hold as votes fail to materializeWASHINGTON (AP) ― An intensive endgame at hand, Republican leaders abruptly postponed a vote Thursday night on legislation to avert a threatened government default and slice federal spending by nearly $1 trillion.“The votes obviously were not there,” conceded Rep. David Dreier, R-California, after Speaker John Boehner an
July 29, 2011
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Samsung's Lee stresses software, talent, patents
SEOUL, July 29 (Yonhap) -- Lee Kun-hee, chairman of Samsung Electronics Co., emphasized the importance of software technologies, a talented workforce and patents in a speech to Samsung's executives, the electronics giant said Friday. His remarks came after the consumer electronics giant reported a slump in its second-quarter profit as consumer spending in the advanced economies is weighed down by
July 29, 2011
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Samsung Electronics logs 18 pct drop in Q2 net
Samsung Electronics Co., the world's top memory chipmaker, said Friday that its second-quarter earnings declined 18 percent from a year ago as feeble demand for TVs and personal computers drove down chip and display prices. Net profit reached 3.51 trillion won ($3.33 billion) in the April-June period, compared with 4.28 trillion won a year earlier, it said in a regulatory filing.The bottom line wa
July 29, 2011
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Asiana cargo flight crashes off Jeju coast
An Asiana Airlines cargo flight bound for Shanghai Pudong International Airport crashed off the coast of Jeju early Thursday while diverting to the island due to a fire in the cargo hold.“The cargo plane said in its last communication with the control center in Shanghai that there was a fire in the cargo hold,” Kim Han-young, Director General of Ministry of Land, Transport and Maritime Affairs’ Of
July 28, 2011