Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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Pandemic left Korea more depressed than before: report
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BASF seeks sustainable growth
Chemical firm also aims to boost presence in Asian construction marketLUDWIGSHAFEN, Germany ― Chemical plants have been associated with toxic materials harming the air, water and ecosystem, a major hurdle to the industry’s sustainable growth. BASF, a leading global chemical firm, shows how technology, strategy and devotion to the community can tackle these challenges. The company based in Ludwigsh
March 13, 2011
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Cheong Wa Dae bristles over Lee’s remarks
Samsung Electronics chairman Lee Kun-hee is causing a stir with his remarks apparently disparaging the government’s policy performance and castigating a former prime minister’s drive for profit sharing between large and small firms.Asked to assess the Lee Myung-bak administration’s economic policies, he had said on Thursday, “I am not satisfied but still won’t give out a failing mark since the eco
March 11, 2011
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Hyundai Heavy names new co-CEO
Hyundai Heavy Industries Co., the world’s top shipbuilder, appointed Kim Oi-hyun as co-chief executive during its shareholders’ meeting on Friday.The former shipbuilding division head will replace Min Keh-sik, who had led the firm for the past 10 years. Kim Oi-hyunKim, 57, will oversee management as vice chairman and chief executive, alongside Lee Jai-seong, who became president and chief executiv
March 11, 2011
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Samsung looks to enlist former top BMW designer
Samsung Electronics is looking to hire Chris Bangle, former chief designer for BMW Group, in pursuit of more stylish products, a company official said.If the two parties reach consent, he is likely to take charge of designing mobile phones, netbooks, home appliances and other devices for Korea’s top electronics manufacturer.“Samsung has been trying to offer him an advisory job, not an exclusive co
March 11, 2011
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BOE holds interest rates at 0.5%
LONDON (AFP) ― The Bank of England on Thursday held its key interest rate at a record low 0.5 percent, where it has now stood for two years, as it balanced strong inflation against a fragile economic recovery.“The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent,” the central bank said in a statement after a
March 11, 2011
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China inflation rate at 4.9% in February
China’s consumer prices rose 4.9 percent in February from a year earlier, exceeding the government’s 2011 target for a fifth month.The advance was more than the 4.8 percent median forecast in a Bloomberg News survey of 22 economists. In January, the rise was 4.9 percent. The government has a 4 percent inflation target for the full year.Investors are concerned that monetary tightening to tame infla
March 11, 2011
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Oil prices threaten global economy
Pricier oil dampens consumer spending and cuts into economic growthWASHINGTON (AP) ― Higher oil prices are slowing global economic growth, and the impact is likely to spread in coming months.Oil prices helped raise the U.S. trade deficit to a seven-month high in January, when crude prices were $87.50 a barrel. Oil is now trading at more than $100 a barrel, suggesting the gap will widen in coming m
March 11, 2011
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British firm begins work on furnace dust recycling plant
A groundbreaking ceremony was held in Gyeongju on Friday for a furnace dust recycling plant that can help South Korea cut back on zinc imports and costs of burying harmful electric arc furnace dusts (EAFD). The plant, which is being built by Britain's ZincOx Resources PLC in Gyeongju, 370 kilometers southeast of Seoul, will cost around US$250 million, with two recycling facilities to go onlin
March 11, 2011
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Major Korean carriers set to add overseas flights
South Korea's two full-service carriers, Korean Air Lines Co. and Asiana Airlines Inc., said Friday that they are gearing up to increase their overseas flights to meet busy summer season demand. The two carriers plan to raise their overseas flights by a combined 165 flights per week between late this month and the end of October, they said in a statement. The plan is subject to approval by t
March 11, 2011
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Samsung, LG face off in second round of TV war
LG calls Samsung’s bluff, proposing public demonstrationsLG on Thursday touched off a second round in the ongoing 3-D TV war by challenging Samsung to a public demonstration as tension grew between the two rivals who have been engaged in serious bashing over 3-D technology. “It is our wish to see (our) competition come out for a demonstration," said LG Display’s chief executive Kwon Young-soo in a
March 10, 2011
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LGD says Sony mulling use of its 3-D tech
The head of LG Display Co., the world’s No. 2 maker of liquid crystal display (LCD) panels, said Thursday electronics giant Sony Corp. is mulling using its proprietary 3-D panels for the Japanese company’s 3-D TVs.Kwon Young-soo made the remark amid its on-going battle with Samsung Electronics Co. to win the 3-D TV industry standard. LG Display developed the proprietary film patterned retarder (FP
March 10, 2011
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Samsung sets sights on Africa for growth
Samsung Electronics Co., the world’s largest maker of flat-screen TVs by shipments, is pinning its hopes on African countries to fuel sales growth of flat-screen TVs, a company executive said Thursday.“Africa has huge growth potential,” Yoon Boo-keun, president of Samsung’s visual display division, told reporters ahead of his departure to the continent. “Cathode ray tube (CRT) TVs have been mainst
March 10, 2011
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Ministry to review FTA documents, translations
The Ministry of Foreign Affairs and Trade will review the entire text of the Korean-language version of the Korea-EU Free Trade Agreement, and correct any errors found before the provisional session of the National Assembly scheduled to begin in April.“Review will take place over the next three weeks from today until the end of March,” Deputy Trade Minister Choi Seok-young said. “A temporary taskf
March 10, 2011
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SK E&S, Kolon to build steam plant in Gimcheon
SK Energy & Service, a local provider of city gas and electricity, said Thursday it began the construction of a steam power generation plant in Gimcheon, South Gyeongsang Province, together with Kolon Engineering & Construction. The SK E&S and Kolon will jointly invest 250 billion won ($220 million) for the plant which has a capacity to produce 1.5 million tons of steam a year, the firm said. SK
March 10, 2011
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KORES drops bid for Australia coal producer
A consortium led by state-run Korea Resources Corp. has dropped a bid for an Australian coal producer to focus more on other businesses, KORES said Thursday.“Coal is no longer a priority when it comes to our business. We have been concentrating more on developing other minerals such as rare earth metals and lithium lately,” a KORES official told The Korea Herald. The consortium also includes local
March 10, 2011
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Hyundai firms mark founder’s memorial
Hyundai family groups Thursday began 11 days of commemoration for the 10th anniversary of the death of founder Chung Ju-yung.The former Hyundai Group chairman is widely respected for his contribution to Korea’s emergence from a war-torn basket case to an industrial powerhouse. He died from complications brought on by pneumonia on March 21, 2001 at the age of 85 leaving behind a colossal business e
March 10, 2011
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KOTRA to offer consultations to foreign firms
State-run Korea Trade-Investment Agency said Thursday that it will offer visiting consulting services for foreign firms in the country, aiming to boost their investments. “The consulting service is expected to raise the amount of foreign direct investments in the country, as we will visit foreign firms here and try to solve their difficulties from now on,” the trade agency said. The Investment Con
March 10, 2011
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Games industry to benefit from deregulation
But industry officials complain that multiple issues still have to be dealt withAttention is focusing on what impact the revised bill to open up the game market will have on the local gaming industry.The parliamentary legislation committee passed a revised bill on game industry promotions Wednesday, following a two-year delay.According to the revision, games that are designed to be released in an
March 10, 2011
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POSCO chief to head multicultural forum
POSCO chief executive Chung Joon-yang was appointed as the co-chief of the Ministry of Gender Equality and Family’s expert forum on multicultural families, the steelmaker announced Thursday.Chung will head the forum with Chung-Ang University honorary professor Kim Yang-hee. Chung Joon-yangPOSCO said that Chung was selected as the co-chief of the forum, which consists of experts from concerned fiel
March 10, 2011
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Think before you use Twitter and Facebook
There are online and offline manuals telling you how to use Twitter and Facebook, but few tell you what not to post there. You can tell every detail of your life to your friends and family in person, but online, being so open can hurt you because it can be read by anyone, according to Forbes and the Huffington Post. This is why many people in South Korea become hesitant to use these services, as t
March 10, 2011