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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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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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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Gov't appears to shelve punitive measures against mass walkout by doctors
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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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Consumer complaints about social commerce sites on rise
An increasing number of customers of social commerce sites said they were dissatisfied with faulty contracts or poor services offered by business operators, a report showed Monday.Social commerce, a business model that is most well known through U.S. online commerce site operator Groupon Inc., gener
Sept. 12, 2011
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Korean restaurant chains seek success abroad
From fried chicken to bibimbap, Korean franchises lined up for overseas marketsThe first overseas store of Bulgogi Brothers, a local franchise specializing in Korean barbeque, opened Thursday within a hip shopping mall in Makati, the financial hub of the Philippines. For Zeus Yi, the company’s presi
Sept. 9, 2011
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Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany (Yonhap News) – A German court on Friday turned down a request by Samsung Electronics Co. to nullify Apple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to
Sept. 9, 2011
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STX’s Finnish subsidiary wins $420m order
STX Group announced Friday that its European subsidiary signed a $420 million contract to build to well intervention vessels for Norway’s Eide Marine Services AS.A well intervention vessel is a ship designed to carry out works related to underwater oil and gas wells ranging from pre-drilling surveys
Sept. 9, 2011
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LG enters launderette market
LG Electronics on Thursday opened a self-service laundry in New York equipped with only its products as it pushes to expand business-to-business sales in the United States.The self-service laundry will be operated by Coinmach Corp., the largest laundry service in the U.S. According to LG Electronics
Sept. 9, 2011
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Samsung Card latest in line of data hacks
Credit-card issuer faces criticism for attempting to downplay scale of breachSamsung Card, one of the nation’s leading credit card companies, is under fire for trying to downplay the leak of clients’ personal information as concerns mount over the frequent exposure of such data online in the world’s
Sept. 9, 2011
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Daewoo Shipbuilding to employ, train high school graduates
Daewoo Shipbuilding and Marine Engineering Co. announced Thursday it will set up an institute for training high school graduates.The company said that the institution, which will be headed by the company’s chief technology officer Lee Yeong-man, will put high school graduates through a four-year tra
Sept. 8, 2011
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Daewoo International buys Indonesia palm oil firm
Daewoo International Corp., the country’s largest grain trader, announced Thursday it has acquired an 85 percent stake in an Indonesian palm oil producer, upping the ante for its overseas agricultural business.Through the 57 billion won ($53 million) deal with PT. Bio Inti Agrindo, Daewoo plans to c
Sept. 8, 2011
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SK E&C ships world’s largest crude column
The crude column produced by SK Engineering and Construction Co. sits on board the Dutch ship that will carry it to the United Arab Emirates at an Ulsan port on Wednesday. (SK E&C)SK Engineering and Construction Co. announced Thursday that it shipped the largest ever crude column to the United Arab
Sept. 8, 2011
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New rules to prop up small SI firms
Korea considers banning corporate affiliates from public projectsThe government is considering banning system integration companies affiliated with conglomerates from competing for public sector SI projects for fear of stamping out the smaller players, the Ministry of Knowledge Economy said on Thurs
Sept. 8, 2011
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Foreign luxury brands slow to ‘give back’
Foreign luxury brands have seen their sales in Korea almost triple in recent years but they were stingy in giving back to society, research found Thursday. The Korea sales of the top 15 foreign high-end brands jumped from 1.42 trillion won ($1.32 billion) in 2005 to 3.87 trillion won last year, said
Sept. 8, 2011
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Korea puts off plan to raise limit on duty free shopping
The nation’s customs agency on Thursday again put off raising the limit on the duty free allowance for travelers coming from overseas, citing economic uncertainties inside and outside of the country. Under the current law, Korean travelers are required to report their overseas purchases in excess of
Sept. 8, 2011
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[News Focus] 3-D display technology to meet transition era
A model showcases a 27 inch “Cinema 3-D TV” in Seoul on Thursday. (LGE)Samsung likely to go LG way in 3-DThe information and technology industry is a rapidly changing one where the hottest trend of yesterday becomes an old one and gets replaced by another even before one realizes it.In the midst of
Sept. 8, 2011
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[Herald Interview] Standards body keen on Korea’s smart grids
Korea’s growing technological prowess and the business community’s brisk participation in standardization works will help expand global markets for smart grids, executives of the Institute of Electrical & Electronics Engineers’ Standards Association said.The standards body is a unit within the IEEE,
Sept. 8, 2011
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Personal data of 800,000 Samsung Card customers may have been leaked
Samsung Card Co., South Korea's leading card firm, is suspected of having come under an online security breach that could have leaked about 800,000 customers' personal data, sources said Thursday.Samsung Card has asked the police to investigate an employee regarding the suspected leakage of customer
Sept. 8, 2011
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Global luxury brands stingy on donations in Korea: data
Global luxury goods makers have raked in huge profits in South Korea over the past few years on the back of surging demand, but they have not been generous in making social contributions, data showed Thursday.The combined revenue of 15 global luxury makers in South Korea, including a local unit of t
Sept. 8, 2011
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Actions speak louder than words in nation-branding
Following is the first 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.Korea must seek to improve its image through actions, and not words, nation-branding specialist Simon Anholt says. Anholt, who
Sept. 7, 2011
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Preparations in full gear for iDEA Herald Design Forum
Global forum will be held Oct. 5-6 with participating global companies, designers and studentsWith less than a month to go, organizers have begun preparing in earnest for the iDEA Herald Design Forum to ensure the successful hosting of the first forum of its kind in Korea to open in Seoul on Oct. 5.
Sept. 7, 2011
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Hyundai, Kia top U.S. compact CUV market
Hyundai Motor Co. and its affiliate Kia Motors Corp. ranked No. 1 in the U.S. compact crossover utility vehicle market in the first eight months of this year, a report showed Wednesday.The report released by Autodata Corp., a U.S.-based automotive statistical data and market intelligence provider, s
Sept. 7, 2011
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SKC launches LED making subsidiary
The industrial materials maker SKC launched SKC Lighting, a light-emitting diode maker, on Wednesday.The new subsidiary was formed by merging the LED makers Sumray Corp. and Dooyoung.SKC entered the LED market by acquiring Sumray in January 2010, and acquired Dooyoung in April.At the launch ceremony
Sept. 7, 2011