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
US 'incredibly concerned' about suspected NK-Iran military ties
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
6
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
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
Contentious grain bill put directly to plenary meeting for vote
-
Construction sector shrinkage steepest in over a decade
South Korea's construction sector contracted at the sharpest rate in more than a decade in the fourth quarter of last year due mainly to a protracted property market slump, data showed Monday. The construction sector shrank 5.3 percent in the fourth quarter from three months earlier, according to the data by the Bank of Korea and Statistics Korea. The on-quarter decline is the steepest since
March 28, 2011
-
Hyundai Heavy provides power generators for Japan
Hyundai Heavy Industries Co.’s transportable power-generating equipment to be delivered to Japan is loaded onto a ship at a port in Ulsan on Saturday. (Hyundai Heavy Industries Co.)Hyundai Heavy Industries Co., the world’s top shipbuilder, said Sunday that it sent four power generators to Japan over the weekend in support of the disaster-stricken country’s efforts to ensure a stable electricity su
March 27, 2011
-
SK head spurs resources development in Middle East
SK Group chairman Chey Tae-won has launched a business trip to countries in the Middle East including Saudi Arabia and Kuwait in a bid to boost his company’s resources development. During his trip from March 24-April 4, Chey is to discuss ways to bolster cooperation with the region’s leading oil firms including Saudi Arabia’s state-owned Aramco, Saudi Basic Industries Corp., and Kuwait Petroleum C
March 27, 2011
-
Lotte balks at Homeplus chicken jibe
Retailer considers action against rival over using comparative advertisingTwo of Korea’s biggest supermarket chains are at loggerheads over advertisements for super-cheap chicken.Homeplus, the country’s second-biggest supermarket chain, began selling raw chicken for as low as 1,000 won ($0.89) Thursday. Securing a total of 200,000 raw chickens, its 122 branches nationwide are selling up to 250 chi
March 27, 2011
-
Western DIY outlets retreat in China
At a near-empty B&Q home improvement outlet in Beijing, much of the foot traffic is due to the location of a public toilet next to the entrance ― not the store’s patio furniture or circular saws.It’s a sign of how foreign “do-it-yourself” big-box chains have struggled to attract customers in China, where homeowners have little experience in renovating apartments and prefer to pay low-wage decorators to do it for them.“Do-it-yourself is not popular in China,” Shaun Rein, managing director of Chin
March 27, 2011
-
Baidu rises to record in U.S. on report of new products
Baidu Inc., owner of China’s most popular online search engine, rose to a record in U.S. trading after reports about new services the company is developing. The company said it is testing Web browsing software for personal computers, following a report earlier this week that it is planning to develop a mobile operating system. Sina Corp., which owns the Twitter-like Weibo in China, also jumped to
March 27, 2011
-
Global automakers may lose 600,000 vehicles
Quake halts assembly lines and work at suppliers including paint pigment makerGlobal automakers may lose production of 600,000 vehicles by the end of the month as the earthquake in Japan halts assembly lines and work at suppliers including the maker of a paint pigment. About 320,000 vehicles may have been lost worldwide as of March 24, and manufacturing at plants in North America may be affected w
March 27, 2011
-
Fed’s Bullard says ‘pretty good’ U.S. economy may allow early end to QE2
U.S. Federal Reserve policy makers should review whether to complete a second round of quantitative-easing purchasing due to end in June because of strong U.S. economic data, Federal Reserve Bank of St. Louis President James Bullard said. “The economy is looking pretty good,” Bullard told reporters in Marseille, France, Saturday. “It is still reasonable to review QE2 in the coming meetings, especi
March 27, 2011
-
Gov't may scrap plan to build new int'l airport: sources
The government may have decided to scrap a plan to build a new international airport in the country's southeastern region due to economic considerations, sources in the ruling camp said Sunday. The sources told Yonhap News Agency that a special panel set up to review the two candidate sites for the new airport have decided that it would be better to abandon the expensive building program. "The
March 27, 2011
-
Hyundai Merchant fails to get nod for stock sale limit
Hyundai Merchant Marine Co., the biggest unit of Korea’s Hyundai Group, surged in Seoul trading after shareholders rejected a proposal to increase the preferred stock sales limit, raising speculation it may become a takeover target. Hyundai Heavy Industries Co., owner of a 23.8 percent stake in Korea’s second-biggest shipping line, and three other companies with holdings voted against the plan at
March 25, 2011
-
LG Electronics expanding 3-D TV alliance
Sharp of Japan latest foreign firm LG is seeking new technology partnership withLG Electronics is bit by bit winning partners from its biggest rival Samsung in a bid to gently, but firmly, nudge the entire television industry to go the “LG Way.”The “LG Way,” in terms of 3-D TVs, happens to be LG’s new technology that involves, to put it simply, placing a sheet of special film on TV panels to reali
March 25, 2011
-
Labor dispute delays Hyundai car production
Disagreements between Hyundai Motor Co. and its union are delaying production at the company’s Ulsan complex, causing shortages in domestic and export demand.According to the company, productivity of the plant producing small vehicles has fallen to about 33.5 percent as workers are refusing to comply with its proposal of moving some of the plant’s workers to other parts of the complex.With a signi
March 25, 2011
-
POSCO to invest W2.2tr in plants by 2013
POSCO will spend 2.2 trillion won ($1.97 billion) by 2013 on building two new plants and renovating a stainless steel mill, the steelmaker announced Friday. Under the plans, approved by the company’s board of directors Friday morning, POSCO will build a new FINEX facility and a fourth plant producing steel coils at its steelworks in Pohang, North Gyeongsang Province. Developed by POSCO and put int
March 25, 2011
-
Korean food firms flooded with orders from Japan
Women walk down an aisle where seaweed is displayed at a store in Seoul on Thursday. (Kim Myung-sub/The Korea Herald)Korean food makers have been swamped with orders for bottled water and instant noodles from Japan following radiation leaks from an earthquake-damaged nuclear power plant, the companies said Thursday.The flood of orders comes as concerns over the safety of food and drinking water ar
March 25, 2011
-
LS Group firms get new English names
LS Group’s LS Cable Ltd. announced Thursday that it had changed its name to LS Cable and System at the previous day’s shareholders meeting.LS Cable and System said that the change was approved as its previous name LS Cable did not sufficiently represent the scope of its operations.The company, the country’s largest producer of cables and wires, has been changing its business model from a supplier
March 24, 2011
-
Sky Life subscribers break 3 million
Sky Life, a digital satellite broadcaster, announced Thursday that its subscriber figure had reached over 3 million as of Wednesday.Speaking at a press conference in downtown Seoul, its chief executive Lee Mong-ryong said the broadcaster will add 10 high-definition channels next month, offering a total of 85 HD channels ― at least twice the number of its rivals.Lee also said that it will offer pay
March 24, 2011
-
Kia exports 10 millionth car
Kia Motors Corp. loaded its 10 millionth vehicle to be exported at the Pyeongtaek Port in Gyeonggi Province on Thursday.The vehicle, a K5 midsized sedan, will be shipped to the U.S. “Today’s achievement was made possible by the efforts of Kia employees and the affection shown by the customers,” Kia vice chairman Lee Hyung-keun said at the ceremony marking the event.The company’s exports began with
March 24, 2011
-
One in seven suffered hacking: survey
One out of every seven in the Korean online community experienced hacking last year, while one out of six said their personal information was exposed online without their consent, according to government figures on Thursday.In the corporate sector, one out of eight companies said their websites were disturbed or hacked, the Korea Communication Commission said, citing a survey it conducted on indiv
March 24, 2011
-
Korea strives for agricultural security
Government, companies to establish grain trading firm, boost overseas farmingAlarmed over a surge in global food inflation, Korea is ratcheting up its efforts to safeguard against price volatility and secure a stable supply. The government and companies are joining hands to expand the country’s overseas farming bases, establish a direct import channel and modernize agricultural production and dist
March 24, 2011
-
[Meet the CEO] Focus on innovation, customer drives Merck growth
Korea unit’s chief expects OLED, clinical trials to be prospective in tech-savvy local marketDuring the 2008-09 economic crisis, many companies curtailed their costs, their workforces and their investments as they strove to survive the worst global slowdown since the Great Depression of the 1930s. Merck Korea, the local unit of the world’s oldest chemical and pharmaceutical firm, was one of the fe
March 24, 2011