Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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HTC may switch to Samsung chips
Smartphone manufacturer HTC Corp. is considering switching to Samsung’s mobile application processors in a move that may help the local electronics maker extend its market share, industry sources said. A man checks out items for his new HTC EVO smart phone at the Sprint store in Los Angeles, California (MCT)HTC currently uses Qualcomm processors. Qualcomm accounts for more than 40 percent of the g
July 22, 2011
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Red meat market widens for Australia, U.S., Canada
Red meat market widens for Australia, U.S., CanadaBy Cynthia J. KimImported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting from the huge loss of livestock here after the worst-ever foot-and-mouth disease outbreak in the past year.And competition in the imported beef market is set to become fiercer as Canada will soon resume its
July 21, 2011
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SKT sets up new social enterprise in Seoul
SK Telecom said Thursday it established a social enterprise called Happy ICT Foundation in southwestern Seoul, together with another social enterprise affiliated with the group.The new social enterprise will support the information technology infrastructure of other social enterprises that require assistance. Affordable IT service solutions and consulting services will be provided and shared with
July 21, 2011
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Amore in talks to buy French perfume brand
Amore Pacific Corp. is considering acquiring a French luxury perfume brand, Annick Goutal, in the hope of diversifying its global portfolio, company officials said Thursday. Amore Pacific CEOSuh Kyung-baeThe nation’s largest cosmetics manufacturer, however, made it clear that nothing had been decided regarding the potential takeover. “The possible takeover will pave the way for us to go global i
July 21, 2011
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LG Display fails to swing into black in Q2
LG Display failed to swing into the black in the second quarter of this year due to sluggish market conditions but narrowed its operating deficit to 48.3 billion won ($45.6 million) from 23.9 billion won in the previous quarter.Quarterly net profit reached 21.3 billion won, up from the 115.4 billion won deficit it recorded in the first quarter, the Seoul-based display-maker said on Thursday. “We f
July 21, 2011
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First Korean CEO hopes Siemens gets closer to local customers
Siemens Korea will become a “true Korean company” that contributes to the country’s economic growth and job creation, its new and first Korean chief executive said Thursday. “I’m the first Korean CEO in the 60-year-old history of Siemens Korea. The headquarters may have thought a native would know better about the local market and respond faster to it,” Kim Jong-kap, chairman and CEO of Siemens K
July 21, 2011
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Hynix’s sales edge down, but profit rises from Q1
Hynix Semiconductor, the world’s second-largest computer memory chip maker, announced Thursday it posted 2.76 trillion won in sales and 447 billion won in operating profit for the second quarter.The figures are down from the same period last year, 16 percent in sales and 56 percent in operating profit. Net income reached 473 billion won ($449 million).“The second quarter started off with demand gr
July 21, 2011
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Incheon airport to see record traffic
More trips abroad, Japan’s disaster recovery crowds transport hubA record number of people will go through Incheon International Airport on July 30, the airport’s operators said Thursday.According to the airport’s estimates, the number of people using international and domestic flights to and from the airport on July 30 will come in at 118,547. The figure is about 2 percent higher than the previou
July 21, 2011
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No sign of dispute-end at SC First Bank
SC First Bank and its labor union, staging the longest walkout in the industry, are increasingly under pressure to strike a deal to end the dispute after the fight resulted in its lowered credit rating and intense scrutiny from the regulator.About half of its 6,500 workforce has been on strike since June 27 to protest against the proposed introduction of a performance-based pay system. The bank wa
July 21, 2011
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Hyundai Steel looks to expand Japanese contracts
Hyundai Steel is pushing the drive to expand its presence in the Japanese market for steel plates for ships, with up to four new supply contracts looking likely to be closed during the second half of the year.The company, which began producing thick steel plates in April 2010, has been supplying thick plates to Japanese construction firms and machinery makers since September. According to the comp
July 21, 2011
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KCCI chief calls for deregulation, tax cuts
JEJU ― Korea should crank up efforts to ease regulations and cut taxes to up corporate competitiveness, said Sohn Kyung-shik, chairman of the Korea Chamber of Commerce & Industry.At a forum hosted by the country’s largest business lobby, Sohn called on the government to remain steadfast in its plan to lower corporate taxes to 20 percent from the current 22 percent starting next year. KCCI chairman
July 21, 2011
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‘BRICS, U.S. difference is in ideas’
Participants agreed that the mainstay of economic growth is leaning to emerging markets led by BRICs — Brazil, Russia, India and China — since a financial calamity in 2007.JEJU ― Leaders in the country’s business circle and academia underscored the significance of innovation and speed in surviving the rapidly changing economic environment. Around 600 business leaders, scholars and government offic
July 21, 2011
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Imported beef market widens
Imported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting from the huge loss of livestock here after the worst-ever foot-and-mouth disease outbreak in the past year.And competition in the imported beef market is set to become fiercer as Canada will soon resume its beef exports to Korea.Beef and pork from Australia and the United
July 21, 2011
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Renault Samsung to have new CEO
The Renault Group will appoint Francois Provost, the French carmaker’s deputy managing director in Russia, to head Renault Samsung Motors on Sept. 1, an official at Renault Samsung Motors said Thursday.Provost will replace Renault Samsung’s current CEO Jean-Marie Hurtiger, who took the Seoul office in May 2006.“Renault Samsung will have new leader effective Sept. 1. Francois Provost will transfer
July 21, 2011
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South Korea unveils new light airplane
The first locally developed civilian aircraft completed its maiden flight at Korea Aerospace Industries in Sacheon, South Gyeongsang Province on Wednesday.Once the project is completed, and necessary certifications are granted for the vehicle, Korea will become the world’s 28th country to have developed civilian aircraft using indigenous technologies. The first locally developed civilian aircraft
July 20, 2011
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Samsung betting big on Galaxy Tab 10.1
Samsung Electronics appeared to be full of confidence as it launched its second-generation tablet PC, the Galaxy Tab 10.1 in Korea on Wednesday at the company’s headquarters in southern Seoul. Shin Jong-kyun, chief of the global electronics company’s mobile business unit, pledged to sell more than five times more tablets than last year, despite the first Galaxy Tab not having sold as well as Samsu
July 20, 2011
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SKT board members OK platform spin-off
SK Telecom said Wednesday its board members agreed to spin off its platform unit, most likely headed by platform business president Seo Jin-woo, during a board meeting earlier on Tuesday. Seo Jin-wooCompany officials said the board members approved the spin off to boost the project expertise and strengthen the competitiveness of related projects through efficient distribution of the business reso
July 20, 2011
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SK Communications releases new mobile messenger service
SK Communications said Wednesday it launched a new mobile messenger service called “NateOn talk” for Android-powered smartphones, claiming it aims to garner up to 10 million users by the year end.SK Communications, operator of the country’s popular social networking site Cyworld, said the new mobile messenger will feature short messaging and mobile voice over Internet protocol services, along with
July 20, 2011
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Miele to strengthen dominance in upscale household appliances
Miele International, a German manufacturer of high-end home appliances, said Wednesday that it will keep its premium pricing strategy despite expectations that the company could lower product prices here following the Korea-EU free trade agreement. Markus Miele (Miele Korea)“We also do not consider any dramatic price increase for now, even though raw material costs have soared recently,” Markus M
July 20, 2011
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LG Chem logs high sales, Hana Financial profits up
LG Chem, the nation’s leading chemical company, on Wednesday logged record-high quarterly sales of 5.69 trillion won ($5.3 billion) for the second quarter of this year to record a 13.4-percent increase from last year.Operating profit and net profit, however, declined on the back of sluggish market conditions and soaring material costs, the company said. Operating profit stood at 775.4 billion won,
July 20, 2011