Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
4
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
5
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
6
Contentious grain bill put directly to plenary meeting for vote
-
7
Why is Apple Pay struggling to get purchase in Korea?
-
8
Yoon's office denies considering liberal figures for key posts
-
9
Seoul says Fu Bao loan 'not going to happen'
-
10
[Today’s K-pop] BTS pop-up event to come to Seoul
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
[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
-
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
-
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
-
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
-
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
-
Hyundai Heavy Q1 figures soar on ship, equipment sales
Hyundai Heavy Industries Co.’s first quarter revenues jumped 70.1 percent from a year ago buoyed by rising ship and construction equipment sales, the company said Monday.According to the regulatory filing, Hyundai Heavy posted first quarter sales of 12.7 trillion won ($11.8 billion), up 70.1 percent from the same period last year.The company’s operating profits for the period came in at about 1.71
May 31, 2011
-
SKT spins off platform unit
SK Telecom, the country’s top mobile carrier, announced Tuesday it would split its platform division and create a new platform subsidiary, which will be in charge of non-mobile businesses, as early as October.“The company has made the decision to build a new subsidiary to form business operation structures and business cultures that are a good fit to the two separate telecom and platform sectors,”
May 31, 2011
-
African nations learn standardization from LG
LG Electronics, the flagship unit of LG Group, is passing down its know-how for standardizing technology to African nations to help bolster growth in the region, the Seoul-based company said.The African Organization for Standardization and the chiefs of technology standardization at eight other African countries gathered at the standardization test lab in LG Electronics’ research and development c
May 31, 2011
-
Russia bans German, Spanish vegetable imports
MOSCOW (AFP) ― Russia on Monday banned the import of all vegetables from Germany and Spain and warned the sanction could soon be applied to the rest of Europe because of the deadly E. coli bacteria scare.The country’s consumer protection watchdog said in a statement that the ban covered “raw vegetables” including tomatoes, cucumbers and salad produced in Germany and Spain.Vegetables including Germ
May 31, 2011
-
Ireland may need more EU/IMF cash
May 30, 2011
-
Naver top ad platform in Korea
NHN Corp., Korea’s portal giant operating Naver and Hangame, proved itself a formidable advertising platform as its stake in the lucrative market reached 14 percent last year, a report showed Monday.According to the report by Digieco, a think tank affiliated with KT Corp., NHN’s ads sales topped 1.1 trillion won ($1.02 billion) last year, outstripping traditional leaders like newspapers and broadc
May 30, 2011
-
Economy to grow 4.3% this year: poll
Korea’s economy will likely grow 4.3 percent this year, falling short of a 5 percent expansion forecast earlier by the government due to external uncertainties, a poll showed Monday.According to the survey of 32 experts by the Federation of Korean Industries, the economy will likely expand 4.4 percent in the second half of this year, with 38 percent of those surveyed citing global economic uncerta
May 30, 2011