Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Siemens taps Kim as Korean unit head
Siemens Korea will next month appoint Kim Jong-kap, former head of Hynix Semiconductor, to become the first Korean chief executive in its 60-year history, the company said on Thursday. Kim Jong-kapKim, 59, was most recently chief of Hynix, the world’s No. 2 memory-chip manufacturer. He completed a three-year term that started in 2007 and is currently head of the board of directors. Prior to Hynix
May 26, 2011
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Merck Korea starts childbirth campaign
Merck Korea, the Korean unit of the Germany-based pharmaceutical group, said Thursday it has launched a campaign to promote childbirth in efforts to ratchet up the low birth rate in the country.The “Wishmom” campaign was designed to raise public awareness of infertility and help couples struggling to conceive in partnership with the Korean Society for Reproductive Medicine. Actress Song Sun-mee wi
May 26, 2011
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KT to transition to IT convergence group
KT Corp. said Thursday it will make the transition to an information technology convergence group from a telecom service firm, with plans devised to have non-telecom businesses take up 45 percent of overall sales by 2015.The country’s largest fixed-line service operator also announced it targets 40 trillion won ($37 billion) in sales ― 6 trillion won in IT service and media, 8 trillion won in fina
May 26, 2011
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U.S. media reports 3-D TVhealth risks
The U.S. media has highlighted health risks related to excessive exposure to 3-D television at home, warning that it could negatively impact eyesight, especially among children.Citing expert opinions, NBC said kids’ eyes continue to develop until the age of 10, meaning the way their eyes learn to focus could be altered by too much 3-D vision. Another issue was the difference in the 3-D technology
May 26, 2011
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LG Uplus to start LTE service by mid-2012
LG Uplus Corp., Korea’s smallest mobile carrier, said Thursday that it plans to begin a nationwide long term evolution service by mid-2012, moving up its schedule for the fourth-generation mobile service on booming smartphone demand. LG Uplus will begin offering the service in 82 cities around the country before the end of this year and complete its nationwide 4G network in July next year, the com
May 26, 2011
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Pernod Ricard committed to ‘corporate citizenship’
Franck Lapeyre, chief executive of Pernod Ricard Korea, urged foreign businesses in Korea to join the drive by local companies’ to take on more social responsibility, underlining their role as “corporate citizens.” The distributor of Imperial and Ballantine’s whiskies, as well as Absolut Vodka, has been enthusiastic about its anti-drunk driving campaign since 2007, while sponsoring music schools,
May 26, 2011
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Hanwha E&C wins $7.25 billion city project in Iraq
Deal becomes the largest overseas construction project won by a Korean firmHanwha Engineering and Construction Corp. announced Thursday that it signed a $7.25 billion contract with Iraq’s National Investment Commission.Signed on Wednesday in Iraq, the project is the largest overseas construction project to be won by a Korean construction firm. Under the contract, Hanwha Engineering and Constructio
May 26, 2011
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Samsung products to be sent to Apple after patent ruling
Samsung Electronics said Wednesday it will send product samples to Apple’s legal team within 30 days after a U.S. court gave the order in a ruling over a patent dispute last week.“We don’t find it difficult to send the samples within the 30-day period since it is not the first time the products are being revealed,” said a Samsung official. “We’re also likely to request samples from Apple since the
May 25, 2011
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SKT to open T-Store in China, Japan
SK Telecom, the country’s top mobile carrier, said Wednesday it will aggressively enter overseas markets, such as China and Japan, by opening its application store to customers there.SKT’s T-Store content and applications will be sold through a shop-in-shop form within the Mobile Market, which is China Mobile’s application store, beginning in July, its officials said.The company also signed an agr
May 25, 2011
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[Herald Interview] Chile beckons Korean entrepreneurs
Recent university graduates face the daunting task of figuring out what to do with the rest of their lives. Chile might have an answer for graduates with tech ideas. “Startup Chile is a program that’s aimed to attract innovation and obtain the positive spillover effects of technology ventures,” said Chile Executive Vice President of the Foreign Investment Committee Matias Mori.The idea is to attra
May 25, 2011
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[Herald Interview] Zippo to ignite new flame in Korea: exec
Zippo, most widely known in Korea and around the world for its portable lighters dating back to the second world war, is aiming to rebrand in efforts to reach out to more consumers in search of individuality.“On a global basis, Zippo is moving aggressively from a lighter manufacturing company to a lifestyle products marketing company,” David B. Warfel, the global marketing director of Zippo Manufa
May 25, 2011
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How do Korean CEOs cope with stress?
Top businessmen seek extreme sports, photography and paintings to relieve tensionWhen talking about the country’s top businessmen, stress may seem to come with the job. While a great motivator, stress can cripple not only physical and emotional health but also concentration and creative thinking. To tackle such risks, CEOs adopt various strategies. It can be extra work in some cases, or extreme sp
May 25, 2011
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Apple, Samsung in talks over displays for iPad 3
Samsung's Galaxy S 2 smartphones (Yonhap News)‘Apple COO Tim Cook visited Korea to discuss bilateral cooperation’ Apple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as m
May 25, 2011
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Apple, Samsung in talks over displays for iPad 3
Samsung's Galaxy S 2 smartphones (Yonhap News)Apple COO Tim Cook visited Korea to discuss bilateral cooperationApple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as many
May 25, 2011
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Police raid auto parts firm to end sit-in
Yoosung labor union’s strike stops some Hyundai, Kia diesel linesThousands of riot police raided the labor strife-marred auto parts’ factory in Asan on Tuesday to end the prolonged illegal strike by unionized members, which is threatening suspension of production in the nation’s automobile industry, witnesses said.About 3,000 riot police were sent to the factory of Yoosung Enterprise Co. about 90k
May 24, 2011
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SK Group to finance fund for social enterprises
SK Group, the country’s third-largest conglomerate, said Tuesday it will invest 500 million won ($457,200) in a fund to support social enterprises as part of its corporate responsibility activities. In January, the Ministry of Employment and Labor unveiled a plan for the fund, the first of its kind here, aiming to facilitate financing for social enterprises seeking to expand facilities, provide mo
May 24, 2011
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Agencies upgrade Asiana credit rating
The country’s three credit rating agencies in concert lifted their ratings of corporate bonds for Asiana Airlines Inc. one notch to “BBB+” from “BBB” Tuesday, citing increased profitability and growing demand for air travel.NICE Investors Service, Korea Ratings and Korea Investors Service referred the raise to the company’s all-time high operating profit last year, success in slashing fuel expense
May 24, 2011
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Hyundai Heavy adds order pickers to its industrial equipment lineup
The Ulsan-based ship and industrial equipment maker Hyundai Heavy Industries launched its first order pickers on the local market on Tuesday. Order pickers are industrial vehicles used in storage facilities to access high shelves.Order pickers are similar to fork lifts but the operator boards the vehicle in the front where the forks are located, and are able to access smaller areas than fork lifts
May 24, 2011
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Seven banks to set up bad bank soon
Total contribution expected to amount to 1.23 trillion wonA bad bank, which would specialize in absorbing bad loans held by financial companies, will be set up as early as this month, banking sources said Tuesday.“The bad bank may possibly be launched by the end of this month,” a bank official said. “But the launch could be delayed into next month due to the time needed to fine-tune terms of the b
May 24, 2011
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Government mulls tariffs on rice imports
The government is mulling tariffs on rice imports from next year, possibly expediting the process previously scheduled for 2015, the Agricultural Ministry said Tuesday.The early imposition of tariffs on rice imports is to reduce growing stockpiles of rice, a problem that has been deepening under the current system where Seoul has to import a specified amount of foreign rice. The Ministry of Food,
May 24, 2011