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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Firms warned over unfair business with subcontractors
The Fair Trade Commission on Monday issued warnings against Lotte Engineering and Construction and LS Cable and System for unfair business practices with subcontractors. In January 2009, Lotte delayed writing a contract for six months even after its subcontracting company started construction work.
Sept. 19, 2011
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FTC to probe retailers on luxury brand commissions
The Fair Trade Commission plans to investigate commission fees at the nation’s top three department stores next month, an official said Monday. The investigation is allegedly aimed at Lotte, Shinsegae and Hyundai department stores that have given favors to foreign luxury brands with lower fees, the
Sept. 19, 2011
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Retailers rev up smart marketing
While most commuters waiting for trains chat with colleagues, read books or skim advertisements on subway platform doors, smartphone users on the bustling platforms of Seolleung Station in southern Seoul now have a new way to kill time: shopping. A simple click brings up the images of life-size stor
Sept. 19, 2011
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‘Street Fighter IV’ to debut on LG’s HD smartphone
LG Electronics on Monday said it has inked a deal with Japanese game developer CAPCOM to release the popular video game “Street Fighter IV,” on its HD Android smartphones that is expected to be launched before the year is out. It will mark the first time for the game series to debut on an Android-po
Sept. 19, 2011
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Korean firms grapple with Myanmar currency
Korean companies in Myanmar are wrestling with the Southeast Asian country’s strengthening currency as it increasingly chokes the viability of their exports, a report said Monday.Burma’s currency, the kyat, is rapidly climbing against the dollar and its counterparts in Asia, up about 30 percent from
Sept. 19, 2011
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STX drops bid for Hynix stake
STX Group, a South Korean shipbuilding and shipping conglomerate, said Monday that it has decided to drop its bid to buy stakes in Hynix Semiconductor Inc., citing global uncertainties and the size of future investments needed to bolster competitiveness of the world's No. 2 memory chipmaker.STX Grou
Sept. 19, 2011
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Nuclear reactors in S. Korea suffer numerous stoppages
SEOUL, Sept. 19 (Yonhap) -- South Korea‘s government said Monday that there were a total of 91 failures in operations of nuclear reactors in the country over the past 10 years due to mechanical glitches and other problems.In a report to the National Assembly, the Ministry of Knowledge Economy said t
Sept. 19, 2011
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LG to release new smartphone with QWERTY keypad
LG Electronics Inc., the world's third-largest handset maker, said Sunday that it will launch a new smartphone model here in South Korea next week that targets young consumers who prefer computer-like QWERTY keyboards.The Optimus Q2 is equipped with a 1.2 GHz dual core processor, 4-inch display, 500
Sept. 18, 2011
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Hyundai Heavy denies report on Nigerian shipyard plans
Hyundai Heavy Industries Co. on Sunday denied reports that it will be building a shipyard in Nigeria.On Friday, Reuters reported that Hyundai Heavy will be investing $7 billion to build a shipyard in the African country, quoting the company’s chief executive Lee Jai-seong.The company, however, said
Sept. 18, 2011
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Sony eyes opportunities in smartphone boom
TOKYO ― The smart device craze is no stranger to IT companies, many of which are eager to replicate the success of Apple, and Sony Corp. is no exception in how acutely aware it is of the potential these new gadgets hold.“The penetration of smartphones and tablets in the market is driving the demand
Sept. 18, 2011
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Sales of Europe luxury goods up after FTA
European fashion brands are enjoying increased demand here after a free trade pact between Korea and the EU took effect on July 1, industry sources said Friday.French brand Louis Vuitton logged 91.2 billion won ($82.6 million) between July 1 and Sept. 14, up 16.9 percent from 78 billion won a year e
Sept. 16, 2011
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Sony bets big on headphone market
TOKYO ― Sony Corp. on Thursday said it will be releasing in November a new range of headphones, predicting that sales will soar over the next few years on the back of the smartphone craze. “With this tiny headphone driver, Sony will make a big splash this autumn,” said Katsuya Nakagawa, senior gener
Sept. 16, 2011
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Criticism rages over power cuts
Government vows to cap peak demand, boost reservesMillions of residents and industrial workers remain outraged on Friday even after the government apologized for massive power cuts that blasted the country on Thursday, vowing not to repeat the mistake.An unseasonable heat wave forced the Korea
Sept. 16, 2011
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European luxury brands see sales hike after FTA
European fashion brands are enjoying increased demand here after a free trade pact between Korea and the EU took effect on July 1, industry sources said Friday.French brand Louis Vuitton logged 91.2 billion won ($82.6 million) between July 1 and Sept. 14, up 16.9 percent from 78 billion won a year e
Sept. 16, 2011
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Independent gas stations to adopt common brand
Independent gas stations could start operating under a common brand as early as next year, the association of independent gas stations said Thursday.Independent gas stations can sell fuel produced by any of the country’s refiners, as opposed to being tied to a refiner such as GS Caltex or S-Oil.As s
Sept. 15, 2011
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Starbucks hopes instant coffee will cement dominance
Starbucks still is a major player in the Korean market even though local coffee houses are growing rapidly, its Asia Pacific chief Jinlong Wang said Thursday. “We don’t mind if (our competitors) can do better. But we will always offer something unique and different,” he told The Korea Herald. Such c
Sept. 15, 2011
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POSCO signs deal on business in Colombia
POSCO is poised to exploit Colombia’s iron ore and coal deposits as it ratchets up efforts to ensure steady supplies of raw materials and lay a firm footing in the fast-expanding Latin American market.The country’s top steelmaker clinched a deal on Thursday in Seoul to set up a joint venture with Bl
Sept. 15, 2011
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Yeosu Expo nets 100 participant nations
The number of countries confirmed to take part in next year’s international exposition in Yeosu, South Jeolla Province, has reached the target of 100, the event’s organizers announced Thursday.According to the Organizing Committee for Expo 2012 Yeosu Korea, the Philippines recently confirmed its par
Sept. 15, 2011
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Korean Air to deliver aid to Africa
Korean Air announced Thursday that it will provide flights to deliver United Nations aid to famine-stricken regions in Africa.The carrier said that the flights are being operated as part of the U.N. World Food Program, in which it is taking part in collaboration with the Ministry of Foreign Affairs
Sept. 15, 2011
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Koreans marry later than any other Asians
Koreans are choosing to get married later than any other Asians, statistics said. The average age of first marriage for men and women in Korea is 31.8 and 28.9, beating that of the Japanese, 28.90 and 28.8, the Finance Ministry said Thursday.“More women are choosing to get married later, or not gett
Sept. 15, 2011