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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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Hybe's multilabel system tested amid conflict with Ador
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Hynix Semiconductor unveils advanced chip
Hynix Semiconductor Inc., the world’s No. 2 maker of computer memory chips, said Monday that it has developed an advanced DDR4 dynamic random access memory (DRAM) chip and will start mass production in the second half of 2012. Hynix developed the 2-gigabit DDR4 DRAM device based on 30-nanometer class process technology, it said in a statement. The energy-efficient DDR4 DRAM transfers data twice as
April 4, 2011
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SK Engineering bags 140 bln won subway order from Singapore
SK Engineering & Construction Co., a South Korean builder, said Monday that it has clinched a 140 billion won ($128.9 million) contract to build a subway section in downtown Singapore. Under the deal with Singapore's Land Transport Authority, SK Engineering will build a 1.1-kilometer section of the 21-kilometer subway system by late 2016, the company said. The builder said it will start w
April 4, 2011
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Glam Media launches...Korean service
Global digital media firm Glam Media launched a website in Korean last week.As a network of sites targeting women, the website offers information ranging from beauty, fashion, style, celebrity and lifestyle, enabling its visitors to access a variety of information in a single visit.It also partnered with well-known global magazines such as Marie Claire and Luxury to provide content most frequently
April 3, 2011
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KT expands ‘smart working’ environment
KT Corp., the country’s biggest fixed-line service operator, said Sunday that 20,000 of its workforce will take part in the company’s “smart working” program starting this month.The company said it will encourage more people to participate in the flexible working system as it brought positive outcomes such as an increase in productivity in a group that has tested the system since last September.Ea
April 3, 2011
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Strong Q1 results seen for autos, refiners
Industry watchers predict earnings surprise for Kia, record profits for S-Oil, SK InnovationKorean carmakers and oil refineries are expected to report strong first-quarter performances this month on rising demand and favorable external conditions. The results for steel, electronics and construction sectors are likely to be disappointing, analysts say.Ahead of the April earnings season, market watc
April 3, 2011
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Obama pushes for clean energy work
Shifting from imported oil to cleaner forms of energy will help boost job creationWASHINGTON (AP) ― President Barack Obama says shifting the U.S. away from imported oil and toward cleaner forms of energy will add momentum to a trend that has led to 1.8 million new jobs in the past 13 months.Obama used his weekly radio and Internet address Saturday to promote his ideas for bringing down gasoline pr
April 3, 2011
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S. Korea firms urged to prepare for increased competition in India
South Korean companies should be prepared for fierce competition with Japanese rivals in India following New Delhi's signing of a free trade agreement with Tokyo, a local trade body said Sunday. Japan and India signed a comprehensive economic partnership agreement (CEPA) in February, which, once implemented, will remove around 94 percent of import tariffs on both sides, according to a report b
April 3, 2011
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[Herald Interview] Citroen reenters Korea with higher hopes
French carmaker Citroen aims to sell up to 2,500 cars a year in Korea when it resumes imports of vehicles after a nine-year hiatus, Eric Dumondelle, chief of the company’s Asia Pacific division said Thursday. Introducing a series of models including DS3 models it will launch in the Korean market at the Seoul Motor Show 2011, Dumondelle said Citroen hopes to benefit from the Korea-EU Free Trade Agr
April 1, 2011
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SK Group spins off its life science unit
SK Group, the nation’s third-largest conglomerate, said Friday that it had spun off its life science unit in a bid to develop the business into a new driver of growth. SK Biopharm’s total assets will reach 300 billion won ($260 million), and will be wholly owned by SK Holdings Co. The new unit’s main goal will be developing globally competitive new medicines and active pharmaceutical ingredients,
April 1, 2011
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Microsoft, LG promote Kinect on 3-D TV
Korean game-lovers will have a chance to experience Kinect on 3-D television at experience zones and Kinect tournaments operated as a joint effort between Microsoft Korea and LG Electronics, Microsoft said this week. Kinect is new game device launched by Microsoft last year that requires no controllers, as an embedded sensor picks up the movements of the players. Customers also can buy special Kin
April 1, 2011
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Chung takes over symbolic Hyundai office
Auto group says move is a show of resolve, but ruffles Hyundai GroupHyundai Motor Group has set up a new office for chairman Chung Mong-koo at Hyundai Engineering and Construction, in an apparent move to emphasize its control over the builder.“The chairman will be using the old office used by the late chairman (Chung Ju-yung), and it represents his resolve and the importance of Hyundai E&C as a me
April 1, 2011
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Microsoft skewers Google in EU antitrust complaint
The company logo is displayed is at Google headquarters in Mountain View, Calif.(AP-Yonhap News)BRUSSELS (AP) _ Microsoft Corp. escalated its attack on Google Inc. by complaining to European regulators Thursday that its fiercest rival is an Internet bully that abuses its dominance of online search and advertising.The allegations against Google crystallize the piecemeal gripes that Microsoft has be
April 1, 2011
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Seoul Motor Show attests to industry recovery
Top global brands showcase latest models at city’s largest-ever eventThe country’s largest automotive industry show, the Seoul Motor Show, opens to the public Friday with carmakers vying to catch the attention of the expected 1 million visitors with new models and technologies.The show, which will be held until April 10 at the KINTEX exhibition center in Goyang, Gyeonggi Province, is being held on
March 31, 2011
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Telecoms apply for frequency bandwidths
Three major telecom operators submitted applications to the government on Thursday for reassignment of frequency bandwidths to offer the current 2G communication services and prepare for the next generation of network technologies.As the 10-year period for the frequency band expires in June, SK Telecom, KT Corp. and LG Uplus said they asked the Korea Communications Commission for the frequency ban
March 31, 2011
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Panel-makers shifting to cell-type panels
Samsung Electronics, the world’s No. 1 television-maker, is expected to be among the global TV manufacturers forced to sell more cell-type LCD panels due to increasing demands from set-makers who are worried about hostile TV market conditions. “Cell-type panels are soon going to be a substantial trend as more and more set-makers want to reduce costs in the face of the far-from-friendly market cond
March 31, 2011
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Oil prices, nuclear fears to boost solar energy
The protracted nuclear crisis in Japan and sky-high oil prices are lending fresh impetus to the solar power industry.Shares of solar energy firms have soared recently amid rising safety concerns about atomic energy. Analysts are increasingly optimistic of the prospect of Korean companies increasing investment in the sector to catch up with global rivals.Solar power came into prominence with global
March 31, 2011
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KORES to launch nickel production at Madagascar mine
State-run Korea Resources Corp. said Thursday that it would start production at a nickel mine in Madagascar this year, which is expected to push the country’s self-sufficiency rate for the mineral to over 60 percent.KORES and consortium partners including Sumitomo Corp. and Sherritt International Corp. held a ceremony Wednesday marking the completion of the Ambatovy mine facilities. Since signing
March 31, 2011
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Forum on ‘green’ networking
GreenTouch, a global consortium of wireless service operators, research institutions and non-governmental groups, said Thursday it would hold a forum on sustainable networks and climate change in Seoul next week.The forum, which will take place at Seoul National University on April 8, will unveil the scope of key GreenTouch projects and showcase a proof of concept technology called the GreenTouch
March 31, 2011
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Mahindra says committed to long-term stake in Ssangyong
Mahindra and Mahindra Ltd. has no intention of selling any of its stake in Ssangyong Motor Co. in the near future, and will fully support Ssangyong’s revival, Mahindra and Mahindra vice chairman Arnand Mahindra said Thursday.Speaking at a press conference on the sidelines of the Seoul Motor Show in Goyang, Gyeonggi Province, Mahindra said that his company has a track record of turning companies ar
March 31, 2011
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Obama sets ambitious goal to cut oil imports
Reviving elusive target, Obama calls for one-third reduction in U.S. oil imports by 2025WASHINGTON (AP) ― President Barack Obama on Wednesday called for a one-third reduction in U.S. oil imports by 2025, reviving a long-elusive goal of reducing America’s dependence on foreign supplies as political unrest rocks the Middle East and gasoline prices rise at home.Tackling an issue that has vexed nearly
March 31, 2011