Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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KNOC spurs overseas resources development
State-run oil firm also seeks to diversify business to crude alternatives State-run Korea National Oil Corp. is stepping up overseas development projects and expanding its portfolio into alternative resources in bid to boost the country’s energy security. Korea, the world’s fifth-largest importer of crude oil, has been vulnerable to global oil price volatility and uncertainties in the market, espe
April 7, 2011
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Samsung puts Q1 operating profit at 2.9 tln won
Samsung Electronics Co., the world's top maker of memory chips, liquid crystal display (LCD) panels and TVs, estimated Thursday it had posted an operating profit of 2.9 trillion won (US$2.67 billion) for the January-March period. The preliminary estimate represents a 34.2 percent drop from an operating profit of 4.41 trillion won a year ago, Samsung said in a regulatory filing. It is also th
April 7, 2011
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LG Chem plant boosts global leadership
CEO says company will seek to supply electric-car batteries to Japanese firmsOCHANG, North Chungcheong Province ― LG Chem, the nation’s largest chemical company, sees South Korea having a global edge as a supplier of lithium batteries for electric vehicles, including in markets such as Japan. Renewing the firm’s pledge to join hands with international carmakers to lead the world’s battery industry
April 7, 2011
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Plan to lower telecom rates to be announced in May: KCC chief
A plan to lower telecommunication-related rates will be announced in May that can help stem hikes in consumer prices, the head of the country's communications regulator said Wednesday.Choi See-joong, chairman of the Korea Communications Commission, told reporters that the taskforce made up of the finance ministry and other related agencies are in the process of formulating a master plan.The taskfo
April 6, 2011
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LG, SkyLife tie up to conquer 3-D
LG Electronics and KT SkyLife announced a tie-up involving 3-D content on Wednesday, declaring the two will commercialize the service by the first half of next year.LG Electronics, the world’s second-biggest flat-screen television maker, said that it would feature 3-D content developed by the digital satellite broadcaster on the company’s 3-D TVs.As an initial step, the electronics manufacturer wi
April 6, 2011
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Samsung, LG dive into Chinese electronics market
The country’s two major electronics manufacturers said Wednesday they will aggressively target the Chinese market this week by introducing this year’s new line-up of 3-D televisions and wireless gadgets at an expo in Shanghai.Samsung Electronics and LG Electronics both showcased a variety of gadgets ― focusing on high-end smart TVs and smartphones ― in separate events in China.This is a move taken
April 6, 2011
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Spain to share oceanography experience at Expo
Spain, is to introduce its latest ambitious marine science project at the 2012 Expo in Yeosu, the country’s representatives said Wednesday.The European country will comprise the main exhibition in Yeosu with the results of its national research project named Malaspina Expedition 2010, Commissioner of Spain Cecilia Pereira said. The nine-month expedition, which is to be completed in July, assesses
April 6, 2011
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[Herald interview] Yeosu Expo to highlight climate
BIE chief says 2012 expo addresses timely issues, full of ideasThe 2012 Expo in Yeosu will bring oceans and climate change to the center of international attention, Vicente Gonzalez Loscertales, secretary general of Bureau International des Expositions said Wednesday.Loscertales had high hopes for the upcoming expo in Korea’s southwestern coastal city, he said, despite its smaller size than the mo
April 6, 2011
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HHI wins wind power generator contract
Hyundai Heavy Industries Co. announced Wednesday that it signed a contract to supply eight wind-power generators to a Finnish power company.According to Hyundai Heavy, this is the first time a Korean company has been contracted to supply wind-power generating equipment to a European country. Under the contract, Hyundai Heavy will deliver eight 2-megawatt wind-power generators to Finnish Power to b
April 6, 2011
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LSIS shows wares at German expo
LSIS, a local electric equipment manufacturer, is taking part in the Hannover Messe exhibition as it gears up to expand its global operations, the company said Wednesday.The company said that its exhibits at the show, which is held in Hannover, Germany until Friday, includes power control and automation products, and green business solutions such as electric car chargers, and solar energy solution
April 6, 2011
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S. Korea to inject 54.3 bln won into smart TV development
The government said Wednesday that it plans to inject 54.3 billion won (US$49.8 million) this year to help local companies maintain their lead in the global smart TV market.The joint plan announced by the ministries of knowledge economy and culture, and the Korea and Communications Commission calls for concerted efforts to build up smart TV-related contents and the establishment of a viable Intern
April 6, 2011
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Merck donates $1.2m to help Japan
Leading German pharmaceutical and chemical firm Merck KGaA said Thursday that it will donate $1.2 million to help relief works in Japan.Most of the amount will be entrusted to Save the Children, while the rest will go to Merck’s Japanese subsidiary which will decide on the use of the money. “We sincerely hope that the situation in Fukushima will be controlled soon … Merck will support Japan in tha
April 5, 2011
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Bernanke: Fed to improve financial oversight
Regulators to up supervision of nation’s financial plumbing to prevent another crisisWASHINGTON (AP) ― Regulators are working closely to strengthen oversight of inner workings of the nation’s financial system, part of a broader effort to prevent a repeat of the 2008 financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.The financial overhaul law enacted last year directs the Fed and
April 5, 2011
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New share sale to boost prospects of Hynix sale: analysts
The stalled sale of Hynix Semiconductor Inc. is likely to speed up as creditors of the chip maker are considering selling new shares to resume efforts to unload their stakes, market watchers said Tuesday.Creditors of Hynix plan to resume the process to sell a 15 percent stake in the world’s No. 2 computer memory chip maker following a set of failed attempts to sell it. Investors have been wary of
April 5, 2011
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SaKong to speak at Trilateral Commission
SaKong Il, chairman of Korea International Trade Association and G20 Summit Korea Coordination Committee, will attend the Trilateral Commission annual meeting April 8-10 in Washington, KITA said Tuesday.SaKong will address the “G20 and global governance” at the meeting which will also be attended by officials including former Canadian Prime Minister Paul Martin and Lawrence Summers, former U.S. Tr
April 5, 2011
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Hotel Shilla faces tax audit: officials
The National Tax Service has launched an inspection into Hotel Shilla, led by Samsung Electronics chairman Lee Kun-hee’s eldest daughter Lee Boo-jin, officials said Tuesday.The first tax inquiry into the company since 2006 is expected to focus on recent business developments, including its successful negotiations with Louis Vuitton to open a store for the French designer brand in Incheon Internati
April 5, 2011
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[Herald interview] U.S. law firm hopes for opportunities with Korean investors
While the U.S. is a major market for financial investors across the world, its complex financial laws represent a major hurdle for those looking to invest in the country. For the New York-based law firm Kirby McInerney LLP, which specializes in complex commercial litigations, that blind spot offers handsome opportunities for business with largely Asian investors who need help to navigate through i
April 5, 2011
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Hanwha sets up solar energy firm
Hanwha Group said Tuesday it has launched new company to spearhead its expanding solar power business at home and abroad.The new venture, named Hanwha Solar Energy, will be at the center of the group’s vertically integrated solar energy business, from equipment to facilities to power generation. It will also push for cooperation with partners in North America and Europe, the company said. The firm
April 5, 2011
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S-Oil cuts prices of gasoline, diesel
S-Oil Corp., Korea’s third-largest oil refiner, said Tuesday that it will cut the supply prices of its gasoline and diesel by 100 won ($0.9) per liter starting Thursday, following market leader SK Innovation’s suit.The firm’s directly managed stations nationwide will thus reduce its retail fuel prices by the amount, it said. The price reduction will last for three months.“We made the decision in o
April 5, 2011
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Ho-Am prize recognizes social contributions
Ho-Am Foundation on Tuesday awarded the Ho-Am Prize to four individuals and one institution to recognize 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 School for medicine, vio
April 5, 2011