Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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[Weekender] How DDP emerged as an icon of Seoul
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Seoul to provide housing subsidy to married couples with newborns
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Rapper jailed after public street fight with another rapper
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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[Music in drama] An ode to childhood trauma
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Woman gets suspended term for injuring boyfriend with knife
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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[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
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LS Cable introduces new English name
South Korea's top wire and cable maker LS Cable Ltd. said Thursday that it has changed its English name to LS Cable & System Ltd. to reflect the company's growing businesses. Shareholders adopted the new English name on Wednesday as the new name better indicates the company's expansion into businesses that offer a package of applications, equipment, software and systems to clients, the compan
March 24, 2011
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New tablet PC battle brewing
Apple’s iPad 2 to come to Korea next month, while Samsung, LG prepare to launch new line-upA new round of tablet PC competition is heating up as major electronics makers announced plans to release their new products on Wednesday.Samsung Electronics, the world’s No. 2 handset maker, released two different sizes of the upgraded Galaxy Tab ― 8.9 inch and 10.1 inch ― while LG Electronics presented its
March 23, 2011
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Childbirth grows over 10%
Childbirth in Korea grew over 10 percent in January from a year earlier as improving economic conditions encouraged couples to have more babies, a government report showed Wednesday.According to the report by Statistics Korea, the number of babies born in January stood at 47,500, up 10.7 percent, or about 4,600 from the same month a year earlier. The January figure marked the 11th consecutive on-y
March 23, 2011
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SKT to export RFID reader technology
SK Telecom, the country’s top mobile carrier, said Wednesday it has signed a deal for the first exports of its universal subscriber identification module, which could help businesses better manage products such as liquor and pharmaceuticals.SKT said that the company and its Chinese partner Sunnada Communication Co., a leading wireless coverage solution provider in China, agreed in Beijing to sell
March 23, 2011
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Energy costs to face upward pressure: minister
Japan’s earthquake will likely exert upward pressure on energy prices over the short term as the disaster, along with unrest in Arab countries, increases market volatility, the finance minister said Wednesday.“The massive earthquake in Japan is expected to disrupt supply and demand of major energy resources over the short haul, possibly causing price fluctuations,” Finance Minister Yoon Jeung-hyun
March 23, 2011
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Shinhan Financial head vows to repair image
Shinhan Financial Group Co.’s new chairman vowed Wednesday to make all-out efforts to restore its tainted image and regain shareholder trust following last year’s high-profile management feud.Han Dong-woo was inaugurated as the chairman of Shinan Financial, replacing Ryoo Shee-yul, who had served as the acting chief of the country’s third-largest banking group by assets since October.“I will use e
March 23, 2011
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KT&G to build ginseng plant in northeast China
KT&G Corp., the nation’s largest tobacco producer, said Wednesday that it is to launch a ginseng business in the northeastern Chinese province of Jilin.Seeking to diversify its portfolio, the company has been enhancing its Oriental healthcare business, for which China is considered the world’s largest market.KT&G signed a memorandum of understanding on Tuesday with the governments of Jilin and Yan
March 23, 2011
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POSCO to support SMEs for global competitiveness
POSCO announced Wednesday that it would support local small- and medium-sized enterprises to secure competitiveness in the global market.The steelmaker formed a partnership with 28 small- and medium-sized companies to collaborate in developing each of them into a “leading midsized company of global standing” on Wednesday. SMEs that signed on to POSCO’s scheme include industrial equipment makers Se
March 23, 2011