Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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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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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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POSCO breaks ground for Turkey mill
Cold-rolling plant near Istanbul to produce stainless steel from 2013IZMIT, Turkey ― POSCO has set out to strengthen its foothold in Turkey’s growing market as it broke ground Wednesday for its new cold-rolling mill near the country’s economic and cultural capital.Located in Izmit, a coastal industr
Sept. 29, 2011
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Air Asia X slashes fares as it seeks expansion in Korea
Air Asia X, a Malaysian long-haul low cost carrier, is offering flights to Kuala Lumpur for as little as 100,000 won ($85) as part of its drive to expand its presence in the Korean market.According to the company’s CEO Azran Osman-Rani the limited time offer, which ends on Oct. 4, is only a small pa
Sept. 29, 2011
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Gmarket rewards merchants for making overseas sales
Gmarket, the nation’s No. 1 online marketplace, said Thursday that it will offer incentives to users who offer better services for overseas customers. According to the company, online cash will be given to the sellers who best promote their products in English until the end of October. Depending on
Sept. 29, 2011
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Korean Air awarded for top first class cabin
Korean Air received the top award for its first class seats, the carrier announced Thursday. The airline said it was awarded the Asia’s Leading Airline First Class award at the World Travel Awards Asia and Australia in Bangkok on Wednesday. This is the second consecutive year Korean Air has been sel
Sept. 29, 2011
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Daewoo Int’l taps into Australian mining
NARRABRI, Australia ― Daewoo International Corp., Korea’s leading trading company, is making rapid progress in resources development in Australia.The trading firm shipped 75,000 tons of coal extracted from Narrabri, 600 kilometers northeast of Sydney, to Japan on Thursday. It was the first time Daew
Sept. 28, 2011
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LG files to ban sales of BMW, Audi cars here
Two LG affiliates have filed a lawsuit to ban BWM and Audi’s local branches from selling cars fitted with Osram-made headlamps as part of their ongoing patent battle with the lightmaker, LG Electronics said on Wednesday. LG Electronics and LG Innotek said they are together seeking the sales injuncti
Sept. 28, 2011
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SKC completes EVA plant in United States
SKC Inc., a South Korean industrial film maker, said Wednesday that it has completed an ethylene vinyl acetate plant in Georgia in the United States.The plant will annually produce 12,000 tons of EVA, a key component in making solar cells, raising the company’s total annual capacity of EVA to 36,000
Sept. 28, 2011
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FTC to examine firms’ shared-growth efforts
The Fair Trade Commission said on Wednesday that it will start a large-scale crackdown on unfair business practices next month, especially on high commission fees at major retail companies. The nation’s antitrust regulator revealed the plan on the first anniversary of the government’s shared-growth
Sept. 28, 2011
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New hall doubles KINTEX’s floor space
The second exhibition hall of the Korea International Exhibition Center, or KINTEX, in Goyang, Gyeonggi Province opened Wednesday.Minister of Knowledge Economy Choi Joong-kyung attended the opening ceremony, which doubled as the opening event of an industrial exhibition that combines six events.With
Sept. 28, 2011
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Daewoo International makes inroad into Australian mining
NARRABRI, Australia -- Daewoo International Corp., Korea’s leading trading company, is making fast progress in resources development in Australia.The trading firm shipped 75,000 tons of coal extracted from Narrabri, 600 kilometers northeast of Sydney, to Japan on Thursday. It was the first time Daew
Sept. 28, 2011
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STX Group looks to resources, energy to support future growth
Conglomerate focuses on overseas resources as it seeks No. 7 spot among Korean business groupsSTX Group is looking to develop its energy and resource development business into a major part of its portfolio that will generate a quarter of its revenue target set for 2020.Under the “Vision 2020” plans
Sept. 28, 2011
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Yuhan-Kimberly seeks innovation through ‘smart work’
Employees of Yuhan-Kimberly work at a “smart office” installed in the company headquarters. (Yuhan-Kimberly)Yuhan-Kimberly, Korea’s leading hygiene-products maker, has recently announced its new corporate slogan “Smart Work,” which aims to maximize efficiency of workplaces so that employees can bett
Sept. 28, 2011
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16 business items selected to restrict entry of large companies
A presidential panel on shared growth released Tuesday a list of 16 business items, to which entry of large companies will be restricted. The Commission on Shared Growth for Large and Small Companies has continued discussions on 45 items since May along with local conglomerates.According to the pane
Sept. 27, 2011
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LTE phones face myriad of barriers
New cellphones boast higher speed but will be more expensiveLong-term-evolution mobile phones are here to stay, but consumers will not be fully appreciating the savvy new cells on account of a myriad of barriers that include a lack of nationwide networks and an inevitable increase in data fees. Majo
Sept. 27, 2011
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Faulty apps to be refunded within 30 days
Smartphone apps can be refunded within 30 days if users find any defect, antitrust authorities said Tuesday. The Fair Trade Commission said it recently ordered SK Telecom’s T-Store and LG Uplus’ OZ Store to correct their refund policy. The local app store operators had made full refunds only when th
Sept. 27, 2011
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Korea needs to develop distinctive ‘Korean style’ designs
Consumer-focused design and R&D is essential for successFollowing is the fifth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed.Companies need to focus all their efforts on the consumer, and begin t
Sept. 27, 2011
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Auto sales boom lifts POSCO’s Turkey business
NILUFER, Turkey ― Last October, in the midst of a robust economic upturn, POSCO opened facilities in Turkey to process steel sheets in a bid to hitch a ride on an unparalleled boom in the country’s automotive market. Almost a year on, the steelmaker’s Turkey Nilufer Processing Center is witnessing a
Sept. 27, 2011
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Major shake-up expected at Samsung at year’s end
Samsung LED, one of the industrial group’s underperforming affiliates, is expected to see many of its executives pack their bags amid speculation that the company will be merged with the semiconductor division. Among the 30 or so executives, nearly half are expected to be given the pink slip, i
Sept. 26, 2011
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Samsung introduces two 4G smartphones in Korean market
Samsung Electronics Co., the world’s second-largest mobile-phone maker, released two new smartphones here on Monday as global mobile operators move to faster fourth-generation networks. Samsung is confident that sales of the two new Galaxy handsets compatible with long-term evolution technology will
Sept. 26, 2011
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Asiana resumes flights to Sendai
Asiana Airlines reopened the route to Japan’s Sendai Airport on Sunday.The route was suspended in March after Japan was hit by a series of natural disasters. The resumed flight will be traveling from Incheon to Sendai Airport three times a week, every Tuesday, Thursday and Friday. The March earthqua
Sept. 26, 2011