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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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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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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Liberal bloc moves to rewrite student rights ordinance
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KDB’s H1 earnings more than double
South Korea’s state-run Korea Development Bank (KDB) said Wednesday its first-half earnings more than doubled from a year earlier on commission income from its investment banking business.Net income came to 1.02 trillion won ($972.7 million) in the January-June period, up 148.6 percent from the previous year, said the bank, an affiliate of KDB Financial Group Inc. Its operating profit jumped 106.3
July 27, 2011
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GS Engineering wins W402b order
GS Engineering & Construction Corp., South Korea’s third-largest builder, said Wednesday that it has won a 402 billion won ($383 million) contract to build subway sections in downtown Singapore.Under the deal with Singapore’s Land Transport Authority, GS Engineering will complete the project by the end of 2016, after starting work next month.GS Engineering said that it expects to post 74.5 billion
July 27, 2011
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Starbucks to introduce instant coffee
Starbucks Korea is considering launching its instant coffee mixes here soon, the president said Wednesday marking the 12th anniversary of the Seattle-based company’s Korean business.“The instant coffee brand, which was launched last year in Japan following the U.S., Canada, and the U.K., would be introduced to Korean consumers,” Lee Suk-koo, the head of Starbucks Korea, said in a press conference
July 27, 2011
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Adobe keen on tie-ups with Korean tech firms
Eager to ride the wave of mobile revolution that has swept Korea, the chief of Adobe Systems said he aims to double the firm’s revenues here through strong partnerships with local firms.“The goal (of my visit) is to visit significant partners as well as customers because business in Korea continues to grow quite significantly,” Shantanu Narayen, president and chief executive officer of Adobe Syste
July 27, 2011
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Sulwhasoo targets Chinese women
Amore Pacific, Korea’ top cosmetics maker, is now targeting the fast-growing Chinese market, devising a premium positioning strategy with its high-end herbal medicine cosmetics brand Sulwhasoo.After successfully entering the markets in Hong Kong in 2004 and the U.S. in 2010, the brand Sulwhasoo made its Chinese debut this year. An advertisement for Sulwhasoo at Shin Kong Palace, a Beijing departm
July 27, 2011
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Amore Pacific creates beauty with herbal medicine
Premium brand Sulwhasoo realizes 66 years of research effortsAmore Pacific, Korea’s top beauty company, officially launched its high-end herbal medicine cosmetics brand Sulwhasoo in Beijing on June 22. With about 100 journalists and industry people in China and Hong Kong in attendance, CEO and president Suh Kyung-bae expressed strong confidence about the brand’s success in Asia as well as in China
July 27, 2011
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WTO’s Lamy sees paralysis in global trade talks
July 27, 2011
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Ford, Chrysler take Q2 hit to position for growth
DEARBORN, Michigan (AP) ― Ford’s ambitious plans to grow in Asia took a toll on its second-quarter profit, with higher costs to design and sell cars offsetting rising sales.The company’s net income fell 8 percent to $2.4 billion for the April-June period. Ford blamed higher prices for steel and other commodities, but also said that after years of restructuring, the company is strong enough to spen
July 27, 2011
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S&P sees second Greek debt haircut: report
July 27, 2011
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LG Electronics narrows handsets loss in Q2
LG Electronics Inc., the world's third-largest mobile phone makers, said Wednesday that its second-quarter operating profit rose 25 percent from one year earlier, as its newly released smartphones helped the company narrow losses in the mobile business. Operating profit reached 158.2 billion won (US$150.9 million) in the April-June period, compared with an operating profit of126.2 billion won a ye
July 27, 2011
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Kumho Petrochemical to invest W880b in Yeosu
Korea Kumho Petrochemical Co. and its three subsidiaries plan to spend 880 billion won ($837 million) by 2014 to scale up their production lines in Yeosu, South Jeolla Province the companies said Tuesday.The deal reflects the firms’ efforts to meet surging demand for their materials, which are used in automobiles and consumer electronics. When completed, Kumho Petrochemical will be able to churn o
July 26, 2011
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LGE receives U.S. certification for slashing carbon emissions
LG Electronics has received certification from the U.S. for producing carbon-free goods. making headway in the field of environmentally friendly technology, said the Seoul-based company on Tuesday.The certification was from Carbon Fund, one of the leading institutes in the U.S. that provides certification for carbon-free products. LG Electronics is the first Korean company to receive the credentia
July 26, 2011
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KT resubmission of plan to halt 2G services blocked
KT Corp.’s resubmitted plan to end services for feature phone users by September is again stirring up controversy as the number of owners remains high.“I truly hope KT is aware of the fact that even a single customer was a loyal one using its services for a minimum of a few months to a number of years,” said a Seoulite who wished to only be identified by his surname Jung. The Korea Communications
July 26, 2011
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Hyundai Heavy to build plant in Brazil
Hyundai Heavy Industries on Tuesday signed an agreement with the state of Rio de Janeiro and the city of Itatiaia to set up a plant producing construction equipment in the Brazilian city.For the plant, the company will invest $150 million and the Brazilian government will provide support in building gas and water supply lines, and other infrastructure, Hyundai Heavy said.The company plans to compl
July 26, 2011
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LG Chem reels in $10m battery order
LG Chem, South Korea’s leading chemical maker, said Tuesday that it has clinched a $10 million contract to develop a lithium ion battery for U.S. automakers.Under the deal with U.S. Advanced Battery Consortium, LG Chem will develop a high-powered, high-capacity lithium-ion battery for plug-in electric vehicles by 2013, the company said.The consortium is composed of the U.S. Department of Energy an
July 26, 2011
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IT industry too dependent on smart devices
Electronic dictionaries, MP3 players, navigation being used less frequentlyThe smart device boom may be a blessing for many who now have instant access to everything from emails to the nearest restaurant serving their favorite foods, but smart products also are making electronics companies increasingly lazy. The local IT industry is apparently too heavily dependent on smart devices such as smartph
July 26, 2011
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Kakao sweet for S. Korean smartphone users
South Korean student Hwang Jin-Joo no longer sends text messages to his extensive circle of friends, he “KaTalks” them.Kakao Talk, a mobile messenger smartphone application, has enjoyed phenomenal success since it was launched 16 months ago and has spawned similar apps in the world’s most wired nation.“Almost everyone I know uses the service, and it’s so economical that now I can’t imagine how I’d
July 26, 2011
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BlackBerry maker to cut 2,000 jobs
NEW YORK (AP) ― Faced with tough competition and falling profits, BlackBerry maker Research In Motion Ltd. is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives.The job cuts amount to about 10 percent of the company’s work force. The company said Monday it will notify affected employees this week. It expects to give more information on th
July 26, 2011
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Food inflation likely in crop price outlook
July 26, 2011
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Greek finance minister pitches case to U.S., IMF
WASHINGTON (AFP) ― Greek Finance Minister Evangelos Venizelos said Monday that U.S. support is vital for Greece, after a day of Washington meetings as Athens pushed to finalize its second massive international bailout.“The support provided by the US government is especially important for Greece, for the eurozone, for the international economy and for the global economic governance,” he told report
July 26, 2011