Most Popular
-
1
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
2
Army takes group action against Hybe for neglecting BTS
-
3
Debate rages over ‘overly fatty’ samgyeopsal
-
4
[Weekender] Korean psyche untangled: Musok
-
5
Naver will consider company benefits in deciding on selling Line shares: CEO
-
6
Hankook Tire takes over control of Hanon Systems
-
7
[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
-
8
S. Korea, Japan, China agree to create new financing facility against regional crises
-
9
From fake prostitution ring to nonexistent robber, prank calls hamper police
-
10
Top prosecutor orders speedy investigation into first lady's alleged acceptance of luxury handbag
-
Businesses declare energy emergency
Korea’s business community declared an “energy emergency” Thursday, pledging to implement energy conservation measures to help the country cope with high-flying oil prices.The resource-poor country relies almost entirely on imports for its oil needs, with 82 percent being imported from the Middle East.In a meeting with Knowledge Economy Minister Choi Joong-kyung in Seoul, business leaders from the
March 3, 2011
-
LG wins import ban on PlayStations in Europe
LG Electronics Inc. said Wednesday that it has won an injunction from a Dutch court to temporarily ban Japanese electronics giant Sony Corp. from shipping PlayStation game consoles to Europe. “LG requested the import ban on products that infringed on our patents as part of our patent protection policy,” Yoon Won-il, LG’s spokesman at the company’s headquarters, said by phone. The order from a civi
March 2, 2011
-
Carmakers count on green tech to offset costly fuel
GENEVA (AP) ― Mass-market automakers like Toyota, Fiat and Ford say green technologies on display at the Geneva Auto Show will help them weather the impact of skyrocketing fuel prices ― while less humble sports carmakers like Lamborghini flaunted their gas guzzlers.Companies rolled out a raft of new models ― including many electric, hybrid and more efficient conventional engines ― in a sign of ren
March 2, 2011
-
Exports shore up local carmakers’ February sales
Improving overseas shipments boosted five South Korean carmakers’ sales in February, industry data showed Wednesday.Compared to February 2010, Hyundai Motor Co.’s sales increased by 12.1 percent to come in at just 281,000 units. Hyundai’s overseas sales recorded a year-on-year rise of 14.8 percent, while domestic sales increased by less than 500 units or 0.9 percent.The country’s second largest ca
March 2, 2011
-
United Pharm launches elderly support project
Korea United Pharm. Inc., a local pharmaceuticals producer, launched a new social contribution project aimed at helping underprivileged senior citizens in Gangman-gu in southern Seoul on Monday.For the project, the company’s United Foundation signed an agreement with the Korean Senior Citizens Association and Gangnam-gu Office to collaborate on the project. Korea United Pharm CEO Kang Duk-young (r
March 2, 2011
-
KT completes national 4G WiBro network
KT Corp. announced Wednesday that it has established a fourth generation wireless broadband (WiBro) network across the nation, enabling users to gain faster access to the Internet on their mobile devices.Pyo Hyun-myung, president of KT’s mobile business group, said the country’s top wireless Internet zone operator has set up the high speed network in 82 cities and on seven highways nationwide to k
March 2, 2011
-
Media expert to head Walt Disney Korea
The Walt Disney Company announced on Wednesday it appointed Luke Kang, a broadcast media specialist, as new senior vice president and managing director for the Korean unit.Kang, a Korean-American, will oversee the unit’s strategy and business and coordinate Disney global franchises in the market, the company said in a statement. Luke Kang“The combination of Disney’s award-winning content with Kore
March 2, 2011
-
[Herald Interview] ‘Firms need to get trust of global opinion leaders’
The Korean corporate sector, despite its rapid industrial success and latest attempts to become a trusted member of the global corporate society, has yet to gain the full trust of global opinion leaders, an executive of PR firm Edelman said. In its annual survey for measuring trust in business, government, NGOs and media in over 20 nations, the company said that opinion leaders across the world le
March 2, 2011
-
Daewoo Shipbuilding wins 1.2 tln won drill ship orders
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, said Wednesday that it has won a 1.2 trillion won ($1.06 billion) order to build two drill ships.Under the deal with Aker Drilling of Norway, Daewoo Shipbuilding will deliver the vessels, used to explore for oil and gas wells in deep waters, by 2013, the company said in a statement.Daewoo Shipbuilding said it has an opt
March 2, 2011
-
Samsung Electronics scoops 30 international design awards
Samsung Electronics Co. announced Tuesday that it won 30 prizes, including two top honors, at an international design exhibition.The South Korean electronics giant said it grabbed 30 awards at the 2011 iF Product Design Award. Organized by the International Forum Design in Hanover, Germany, since 1953, the award recognizes products for their overall design, originality and their consideration for
March 1, 2011
-
GM Korea goes on marketing offensive
Carmaker offers new customer service package for Chevrolet brandGM Korea Co. sweetened the official launch of its new brand on Tuesday with the introduction of a new customer service package. Korea’s third-largest carmaker, formerly named GM Daewoo Auto and Technology Co., debuted its new company name and the Chevrolet brand to the local market. In late January, it announced that the Daewoo name w
March 1, 2011
-
SKT fosters mobile application developers
SK Telecom is cranking up its support of software developers, seeking to broaden its pool of mobile applications.Korea’s top mobile carrier said Tuesday it has picked four venture firms to receive its financial and operational support in its “innovation ecosystem” to generate programs for its mobile platform. The conglomerate has also worked since last year to help small and medium-sized enterpris
March 1, 2011
-
KCC, Hyundai E&C win ...$380 million Saudi deal
Saudi Arabia’s Polysilicon Technology Co. said it has awarded a $380 million contract to two South Korean companies for construction of the first stage of a plant to make polysilicon for use in solar-energy panels.KCC Corp. and Hyundai Engineering & Construction Co. were selected to build the facility, which will have a capacity to produce 3,350 metric tons a year of solar-grade polysilicon, the S
March 1, 2011
-
LGE looks to boost sales of air conditioners in Europe
LG Electronics said Tuesday it aims to more than double its share in the European air conditioning market this year.Korea’s second largest electronics maker is showcasing its air conditioning and heating products at a tradeshow in Madrid, Spain, this week.“We will target the European air conditioner market by strengthening our lineup with market-leading products, service capabilities and infrastru
March 1, 2011
-
Data roaming gets cheaper, easier
KT Corp. offers affordable and unlimited mobile data access in AsiaKT Corp. on Tuesday launched a new international roaming service that enables users to access mobile data more cheaply and conveniently in 11 Asian countries.Under the new program, customers can use unlimited 3G data roaming and 100 megabyte Wi-Fi roaming service at 10,000 won ($8.87) per day.The company has run a trial service in
March 1, 2011
-
Tech giants team up for green technology
Samsung Electronics, KT to cooperate for energy-efficient cloud serviceSamsung Electronics and KT Corp. are joining forces in a project to foster energy-efficient cloud computing to cope with exploding data demand amid a smartphone boom.The two companies signed an agreement Monday under which Samsung will install its new memory chips into a low-power server that KT is setting up in its data center
March 1, 2011
-
Australia’s RBA keeps rate at 4.75%
The Reserve Bank of Australia left its benchmark interest rate at the highest level in the developed world as consumer restraint and a strengthening currency tempered gains in inflation. Governor Glenn Stevens held the overnight cash rate target at 4.75 percent Tuesday, as forecast by all 25 economists surveyed by Bloomberg News. Stevens told lawmakers in testimony less than three weeks ago the ce
March 1, 2011
-
Ford named most improved automaker
Ford Motor Co. improved the most since last year in Consumer Reports’ annual automaker rankings, bolstered by reliability for resale value, the magazine said. Ford received 67 points out of 100, according to results released Monday at the National Press Club in Washington. It didn’t provide a year-earlier comparison. Consumer Reports commended the manufacturer for the amount of room inside its veh
March 1, 2011
-
One in five Korean firms consider reducing business with Middle East: survey
About one in five South Korean firms doing business in the Middle East expressed their intention to reduce operations in the region mired in an intensifying anti-government protest, a survey here showed Tuesday.According to the survey of 300 companies by the Korea Chamber of Commerce and Industry, 18.7 percent said that they consider reducing their business with the Middle East countries as part o
March 1, 2011
-
Hyundai, Kia form partnership with Vodafone for automobile IT
Hyundai Motor Co. and Kia Motors Corp. formed a partnership with the mobile telecom service provider Vodafone to collaborate in telematics and related fields, the South Korean carmakers announced on Monday.Based in London, Vodafone is the world’s largest mobile telecom service provider in terms of revenue.Telematics, which combines telecommunications with informatics, is applied to a range of onbo
March 1, 2011