Most Popular
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Korea enters full election mode
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Immigrant woman stabbed to death by Korean husband
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Lee Jong-sup resigns as envoy to Australia
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Yellow dust engulfs S. Korea, advisory alert issued
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Official campaigning kicks off for April 10 elections
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S. Korea to boost support for single-parent families
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Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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Cabinet submits corrected U.S. FTA bill to parliament
The government approved an updated ratification bill for the Korea-U.S. free trade agreement after fixing translation errors and submitted it to the National Assembly to seek parliamentary approval.The agreement had been retracted in April over multiple translation errors in the Korean version. Prime Minister Kim Hwang-sik urged the early parliamentary approval of the deal.“The KORUS FTA is an ine
June 3, 2011
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Samsung's new Galaxy Tab to go on sale in U.S. next week
Samsung Electronics Co., the world's second-largest mobile phone maker, said Thursday that its new Galaxy Tab tablet computer will hit U.S. shelves next week, mounting a challenge on Apple Inc.'s iPad 2.The wireless-fidelity (Wi-Fi) version of the Galaxy Tab 10.1 will be launched on June 8 through the U.S. retailer Best Buy Co., Samsung said in a statement.The upcoming Android-based tablet, which
June 2, 2011
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CJ Group to bid for Japan’s Hayashibara
CJ Group, the country’s largest food company, is bidding to take over Japan’s biggest food-additive maker, Hayashibara, reportedly in consortium with Japanese private equity firm Unison Capital.CJ confirmed the bidding scheduled for July but declined to comment on its consortium with Unison capital.Acquiring Hayashibara is part of CJ Group’s plan to expand into amino acids and other biochemical fo
June 2, 2011
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Volvo recalls 192 cars for faulty fuel, steering systems
The Ministry of Land, Transport and Maritime Affairs announced Thursday that Volvo Cars Korea is recalling the S60 and XC90.The recall applies to 182 S60 vehicles produced between June 22, 2010 and May 18, 2011 that have faulty fuel pump controlling software that could cause the engine to be switched off while driving.Further six S60 vehicles produced between Jan. 20, 2010 and Jan. 28, 2011 found
June 2, 2011
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S-Oil to help fund child liver transplants
S-Oil Corp. said Thursday it has given funds to children in low-income families for their liver transplant surgeries.The country’s third-largest oil refiner has been supporting 26 children suffering biliary atresia since 2009 through company and employee donations. The rare symptom among infants means that bile ducts ― long tubes carrying bile for digestion ― between the liver and the small intest
June 2, 2011
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Airlines add new routes and planes
Asiana Airlines opened two new routes to Vietnam from Busan, while Korean Air announced that the Airbus A380 will go into service on June 17.On Thursday, Asiana Airlines began operating daily flights to Hanoi and Ho Chi Minh City in southern Vietnam from Busan. Asiana Airlines chief executive Yoon Young-doo (left) poses with pilots at the ceremony marking the opening of the Busan-Ho Chi Minh City
June 2, 2011
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Hyundai Heavy aims to be global top 3 robot maker
Hyundai Heavy Industries set sights Thursday on the top three spots in the booming global robot market with its new plant ready to enter full-swing production.The world’s top shipbuilder said it has remodeled and expanded existing production lines three times at its headquarter in Ulsan, a major industrial port city on the southeast coast of Korea, which began in September to meet surging demand f
June 2, 2011
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LG chief fosters creation, innovation
Koo tells staff to ceaselessly search for new opportunitiesLG Group chairman Koo Bon-moo touted the importance of creation and innovation, as the single most effective way to lead the market, the Seoul-based company said Thursday.“Constantly creating new things is the only way we can lead the markets,” Koo said at LG’s 19th session of the company’s gathering to spearhead innovative business held M
June 2, 2011
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BAT Korea sells superpremium Dunhill
British American Tobacco Korea announced Thursday that it will introduce “Dunhill SWITCH” cigarettes on the local market on June 7.The Dunhill SWITCH, which will be priced at 3,000 won ($2.8), comes in packaging with the “RELOC” inner wrapping, the company said.According to the company, which holds the patent on the inner wrapping method, RELOC is a re-sealable double cover that provides additiona
June 2, 2011
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Philip Morris Korea names new chief
Philip Morris International Inc., the multinational tobacco group, said Wednesday it has appointed Chong Il-woo as managing director for the Korean unit.Chong, 49, will oversee management and orchestrate the unit’s strategy and business, the company said. Chong Il-wooPrior to the new post, Chong headed the Malaysia, Singapore, Thailand and Indochina operation for the U.S.-based conglomerate. He st
June 2, 2011
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Hyundai Heavy gets orders for 2 drill ships
Hyundai Heavy Industries announced Wednesday that it received orders for two drill ships from the U.S. oil well driller Rowan Companies Inc.The latest contract, worth $1.12 billion, pushes up the number of orders for drill ships Hyundai Heavy has won so far this year to nine.The combined value of the contracts the company has won so far is $5 billion, the company said.The orders also include optio
June 1, 2011
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Ho-Am awards social contributors
Ho-Am Foundation on Wednesday held an award ceremony to extend the Ho-Am Prize to four individuals and one institution for their contribution to improving human lives and promoting public welfare. This year’s prizes went to Professor Ha Taek-jip of the University of Illinois for science, Professor Thomas Lee of Standford University for engineering, Professor Augustine Choi of Harvard Medical Schoo
June 1, 2011
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Brand report puts Samsung, three telecoms in top 100
Samsung Electronics’ handset division was ranked No. 23 this year among world’s telecom brands in a report released by London-based brand evaluation consultancy Brand Finance on Wednesday.In a report that announced the top 500 telecom brands around the world, SK Telecom, the country’s leading mobile carrier, was placed in 49th place, followed by KT Corp. at 55th.LG Uplus entered the top 100 in 89t
June 1, 2011
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SK Group adds 80 billion won to shared growth fund
SK Group announced Wednesday that it will increase the fund established to support small and medium-sized enterprises by 80 billion won ($74 million) to 230 billion won.The additional funds were raised by SK Telecom, SK Global Chemical Co. and a financial institution. The SK Group subsidiaries put together 32 billion won, the conglomerate said. The fund was established in 2009 with 120 billion won
June 1, 2011
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Samsung SDI vows energy supremacy
Samsung SDI, on Wednesday vowed to become a global energy firm catering to future needs for recyclable energy marking the official takeover of the solar battery business from its sister firm, Samsung Electronics. With the $147.6 million swap, SDI said it will target annual revenues of 13 trillion won ($12.1 billion) in 2015 and up to 35 trillion won in sales by 2020. More than half of the sales, a
June 1, 2011
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[Herald Interview] Top stem cell expert urges lower regulatory barriers
Park Se-pill (Park Hyun-koo/The Korea Herald)The fabricated cloning research by Hwang Woo-suk in 2006 remains a painful memory for Koreans, who had taken pride of their nation’s edge in a field that promised to transform medicine. No one agonized more over the fraud case than Park Se-pill, Korea’s top stem-cell researcher. Research in the area was brought to a virtual standstill as the government
June 1, 2011
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LGE’s nagging slump puts CEO to the test
LG Electronics is used to being No. 2. A powerful global electronics brand in its own right, the Seoul-based company has not made it to the highest of peaks. This seemed to be all right, however, as long it could rub shoulders with its top-tier rivals. But a raging “smart war” in the mobile industry changed all that, and LG Electronics is in bad shape in that sector. Koo Bon-joon, vice chairman an
June 1, 2011
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China says manufacturing slows in May
China’s manufacturing expanded at the slowest pace in nine months in May as the government extended a campaign to cool inflation and the property market, a survey of companies indicated. The Purchasing Managers’ Index was at 52 from 52.9 in April, the China Federation of Logistics and Purchasing said in an emailed statement. The number was higher than the median forecast of 51.6 in a Bloomberg New
June 1, 2011
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Samsung, LG to jointly develop thin-film solar cells
Samsung Electronics Co. and LG Electronics Inc. will take part in a government-private research program to develop next-generation thin-film solar cells, officials said Tuesday.The program is one of the five research and development efforts to be pursued by the government and private sector up until 2013 at a cost of 700 billion won ($648 million), the Ministry of Knowledge Economy said.Samsung an
May 31, 2011
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Merck seeks Korean partners for growth and diversification
Merck Korea, the local unit of German-based Merck KGaA, is looking to broaden ties with Korean companies to spearhead new technologies for future growth, its president Juergen Koenig said Tuesday. The world’s oldest pharmaceutical and chemical group has been expanding its sphere into new fields such as electronics, biotechnology and renewable energy in recent years. As part of its growth strategy,
May 31, 2011