Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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Korea’s homegrown nanosatellite successfully launches into space
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Trade groups concerned about Australian tobacco packaging rules
South Korean trade organizations are expressing concern over Australia’s decision to regulate tobacco products’ packaging.The “Plain Packaging” law proposed by the Australian government on April 7 calls for tobacco products to be packaged in plain wrappings without logos or trademarks. The new compulsory cigarette packet is plastered with health warnings. (AFP-Yonhap News)The decision is aimed at
April 22, 2011
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POSCO Q1 sales reach W9.1 trillion
POSCO, Korea’s largest steelmaker, posted operating profit of 921 billion won (about $900 million) in the first quarter, a 36 percent decrease from the same period last year, amid continuing high raw material prices. In its earnings report released Friday, the company said it recorded sales of 9.1 trillion won, up 31 percent from the same period last year.The steelmaker attributed the sluggish ear
April 22, 2011
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Samsung, LG jockeying to position their 3-D TVs
Samsung heads to China for joint partnership, while LG holds large-scale event in ParisRival giants LG Electronics and Samsung Electronics are looking for overseas opportunities to gain ground in the competitive global 3-D television market. LG Electronics, the world’s No. 2 flat-screen TV maker, said Friday that it held an event in Paris called “The Biggest 3-D Experience Ever” on Thursday, which
April 22, 2011
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U.S. economy struggles for momentum: report
April 22, 2011
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Obama suspects energy market fraud
April 22, 2011
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China signals ready to invest more in Europe
April 22, 2011
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Samsung increasingly under siege, Lee says
Samsung Electronics Chairman Lee Kun-hee on Thursday said Samsung was coming under intense scrutiny from more and more firms, saying it was not only Apple, but even those outside the IT industry trying to keep his company at bay. “It’s a matter of (wanting) to hammer in a protruding nail,” Lee told reporters during a rare visit to Samsung Electronics headquarters in Seocho-dong, southern Seoul. He
April 21, 2011
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Korea, China to collaborate on rare earths processing
State-run Korea Resources Corp. said Thursday that it is to jointly develop technologies for processing rare earths with a Chinese think tank.The local developer said it will share equipment, facilities, human resources and technological information with Baotou Research Institute of Rare Earths, the largest of its kind in the communist state. KORES chief executive Kim Shin-jong and the institute’s
April 21, 2011
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BAT Korea raises cigarette prices
British American Tobacco Korea said Thursday it has raised the price of its cigarette products by 200 won ($0.20) to 2,700 won per pack on rising raw material prices.The price increase of 8 percent is the first in six years for the firm which holds an 18 percent-market share in the country. It is widely known for popular brands such as Dunhill, Kent and Vogue.“BAT Korea has been making every effor
April 21, 2011
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International 3-D Society to open Korean branch in May
KT Corp., the country’s largest fixed-line service operator, said Thursday it will lead the launch of the International 3-D Society’s Korean branch next month.KT organized a reception for the creation of a new country branch, inviting experts and industrial leaders in the field of 3-D, including Samsung Electronics, LG Electronics, broadcasters KBS, SBS, EBS and KT Skylife. Participants also inclu
April 21, 2011
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Hanwha wins $1b order for Saudi plant
Builder to construct power station and desalination plantHanwha Engineering & Construction said Wednesday that it has signed a $1.05 billion deal to build a power station and desalination plant in Saudi Arabia.The builder said it is to establish the plant at Yanbu industrial complex, the biggest of its kind in Saudi Arabia and located on the western side of the country, by 2014 under the deal with
April 21, 2011
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Korea to halt old reactor for security check
Nuclear reactor stoppages raise controversy over life extension of aged power plantsState-run Korea Hydro & Nuclear Power Co. said Wednesday that it had decided to temporarily halt the operation of a nuclear reactor in Busan which experienced a power failure last week.“We decided to carry out a thorough safety check on the Gori-1 unit and resume its operation after its safety has been confirmed,”
April 20, 2011
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LS Cable and System launch committee to help suppliers
LS Cable and System, the country’s largest producer of cables and wires, joined the growing ranks of large firms promoting shared-growth with small- and medium-sized enterprises.Shared-growth refers to large companies’ efforts to support smaller suppliers and associated companies’ expansion efforts, which has gained increasing attention with the government promoting it as a major policy. LS Cable
April 20, 2011
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Obama calls for more investment in broadband to catch up with Korea
WASHINGTON (Yonhap) ― U.S. President Barack Obama Tuesday called for more investment in broadband lines and other infrastructure in the United States to catch up with South Korea and other countries.“Our roads, our bridges, our sewer systems are all deteriorating,” Obama told a town hall meeting at Northern Virginia Community College, in Annandale, Virginia. “We don’t even have a serious high-spee
April 20, 2011
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KT launches robo-buddy for kids
KT Corp. said Wednesday it will launch “kibot,” a robot for kids, on Monday, as part of plans to create a smart home.The country’s largest fixed-line service operator said kibot will help children with their studies by reading books and singing songs to them. All children have to do is scan the radio frequency identification (RFID) card on the screen at the center of the robot, according to Seo Yu
April 20, 2011
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LG unveils ‘smart fridge’ that suggests recipes
South Korea’s LG Electronics Tuesday unveiled a refrigerator which suggests recipes as it forecast a bright future in the potentially lucrative market for “smart” household appliances.LG will roll out smart fridges, washers and other appliances in South Korea and North America by the end of this year to compete against rivals including Samsung Electronics and Whirlpool, Lee Young-ha, president of
April 20, 2011
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LG gets best rating on its 3-D television
LG Electronics announced Wednesday that the company’s 3-D television has been given the top rating by a British information and technology magazine for its May edition.The world’s No. 2 flat-screen TV maker said home entertainment magazine “What Hi-Fi! Sound and Vision,” with a global monthly circulation of 50,000, had awarded its highest rating of five stars for LG’s 47LW650 model, naming it the
April 20, 2011
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Yuhan-Kimberly launches new diapers
Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, launched Huggies Premier diapers on Monday, replacing its main diaper product line Huggies Gold after 13 years. Yuhan-Kimberly is a joint venture of Korea’s Yuhan Corp. and Kimberly-Clark Corp. established in 1970. The company has maintained its place at the top of Korea’s diaper market for 28 years with the Huggies brand. According to
April 20, 2011
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‘Auto market shifts to favor Korea, Europe’
Hyundai and Kia overseas sales rise as Japanese rivals suffer from worst disasterThe series of disasters that struck Japan in March could bring significant changes to the world’s automotive industry, including its direction for eco-friendly vehicles.In a recent report, the U.S.-based market research firm Frost and Sullivan projected that the earthquake could not only open opportunities for carmake
April 20, 2011
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Automakers plan expansion into China
Global carmakers unveil ambitious China expansion plans as they battle back from tsunamiSHANGHAI (AP) ― Global automakers unveiled ambitious expansion plans for China on Tuesday, targeting the country’s newly prosperous drivers as the industry struggles to recover from Japan’s tsunami.Nissan Motor Co. plans to raise sales by about 15 percent to 1.15 million vehicles this year, said CEO Carlos Ghos
April 20, 2011