Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Hyundai Oilbank launches oil upgrading facility
Hyundai Oilbank Co. said Thursday it has entered into full-fledged operation of its second heavy oil upgrading plant in a bid to gain an upper hand in the lucrative market.Located in Daesan, South Chungcheong Province, the new facility has been test-running since the completion of construction in Ja
Sept. 1, 2011
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[News Focus] SKT may face difficulty financing Hynix acquisition
Telecom giant also needs huge investment for new radio spectrum and platform division spin-offFew raised doubts over SKT’s financing when the nation’s top mobile carrier submitted its letter of intent early July to acquire a 15 percent stake of the world’s second biggest computer memory chipmaker Hy
Sept. 1, 2011
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Bulgogibrothers to open first overseas store in Manila
Bulgogibrothers, a local franchise specializing in Korean barbeque, said Thursday it will open its first overseas store in the Philippines on Sept. 8.The bulgogi store will be the first hansik, or Korean food, restaurant located in the city of Makati, the financial center of Manila, the company said
Sept. 1, 2011
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Samsung, LG to flex muscle at IFA 2011
Korean and foreign firms to show new TVs, smartphones, tablet PCs during 6-day global trade showBERLIN -- The global trade show IFA 2011 kicked off in Germany on Friday, unveiling a number of new wireless gadgets and smart home appliances.LG Electronics featured 3-D total solutions -- the 3D TV, 3D
Sept. 1, 2011
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SK to hire 2,100 workers in second half
SK Group plans to scout for 2,100 young and experienced talents in the latter half of the year, the country’s third-largest conglomerate said Thursday.With another 2,900 already hired in the first half, the figure will be added to mark a record number of 5,000 new employees for the year, up nearly 4
Sept. 1, 2011
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POSCO sponsors second multicultural wedding
Six multicultural couples with financial difficulties were married in a joint ceremony sponsored by the steelmaker and Gangnam-gu office on Thursday.The couples were selected from the 1,010 multicultural families living in Gangnam-gu who are married but have not been able to hold a wedding ceremony
Sept. 1, 2011
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SaKong to discuss Chinese economy in Beijing
SaKong IlSaKong Il, head of the Korea International Trade Association, plans to discuss the Chinese economy at a forum in Beijing this weekend, the trade agency said Thursday.About 60 economists and experts around the world will take part in the High-level China 2030 Conference on Saturday hosted by
Sept. 1, 2011
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Kim Gi-ho becomes new CEO of Yes24
Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I
Sept. 1, 2011
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Rents in Myeong-dong 9th highest in the world
Seoul’s Myeong-dong was ranked the world’s ninth most expensive shopping district in terms of annual rent, slipping one place from 2010, a report showed Thursday. A Myeong-dong street in downtown Seoul. (Park Hyun-koo/The Korea Herald)According to a report compiled by the real estate services provid
Sept. 1, 2011
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New iPhone iteration lost in a bar: CNET
SAN FRANCISCO (AFP) -- Technology news website CNET on Wednesday reported that a new version of Apple’s coveted iPhone went astray in a bar in a replay of an embarrassing loss that took place last year. In this June 7, 2010 file photo, Apple CEO Steve Jobs,then, holds the new iPhone 4 during the App
Sept. 1, 2011
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Conglomerates raise recruitment, investment plans
Local conglomerates will hire a record number of new employees and increase investments this year, the Federation of Korean Industries said Wednesday.At a meeting in Seoul with President Lee Myung-bak on shared-growth, the FKI said the country’s 30 largest conglomerates have plans to hire 124,000 ne
Aug. 31, 2011
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Samsung promises early payments to suppliers
Samsung Group said Wednesday it plans to pay its bills worth 1.14 trillion won ($1.07 billion) early to its subcontractors ahead of one of the country’s biggest holidays.The announcement came as the group unveiled a plan to boost domestic consumption and help workers prepare smoothly for Chuseok on
Aug. 31, 2011
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More Koreans buy luxury products
Korea’s high-end product markets expected to grow further in next 5 yearsKorean consumers’ love for luxury goods may have exceeded that of the Japanese, research found Wednesday.Koreans consumed 5 percent of their per capita income on high-end products, compared to 4 percent of the Japanese, accordi
Aug. 31, 2011
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KDB to manage Mongolian bank
South Korea’s state-run Korea Development Bank said Wednesday that it has signed a contract with the Development Bank of Mongolia to manage DBM for four years.Under the deal inked in Ulan Bator Tuesday, KDB will build an overall business operating system for DBM and take charge of its development fi
Aug. 31, 2011
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Automation in the air dulls pilot skill
WASHINGTON (AP) _ Are airline pilots forgetting how to fly? As planes become ever more reliant on automation to navigate crowded skies, safety officials worry there will be more deadly accidents traced to pilots who have lost their hands-on instincts in the air.In this June 14, 2009 file photo
Aug. 31, 2011
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Samsung to aid retired cancer-diagnosed workers
Samsung Electronics announced Tuesday it will support the treatment costs of workers at semiconductor and liquid crystal display manufacturing lines if diagnosed with cancer within three years of retirement.The company said it will pay the patient’s treatment costs for 10 years and provide 100 milli
Aug. 30, 2011
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Hyundai Group drops libel suit against Hyundai Motor Group
Hyundai Group said Tuesday that it has decided to withdraw its lawsuit against Hyundai Motor Group in a sign of a thaw in their relations, long sour since an acquisition battle for Hyundai Engineering & Construction Co.In November, Hyundai Group filed a libel suit against Hyundai Motor for publishin
Aug. 30, 2011
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Medium-sized builders face crisis
Troubled Prime Group companies headed for workout programThe fates of Prime Development Co. and affiliate Sam An Corp. will be decided Friday with their creditors set to decide on whether to allow them to begin debt workouts, sources said Tuesday.According to industry sources, Nonghyup and other cre
Aug. 30, 2011
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Korean builders to spend $500,000 in Libyan aid
Korea’s 16 construction firms on Tuesday unveiled a plan to provide $500,000 worth of humanitarian aid to Libya’s new leaders, joining the government’s efforts to step up economic and diplomatic ties.The Ministry of Land, Transport and Maritime Affairs named Hyundai Engineering & Construction and Da
Aug. 30, 2011
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Firms’ loan growth hits near-2-year high in Q2
South Korean financial firms’ corporate loans grew at the fastest pace in nearly two years in the second quarter as the economic recovery continued, the central bank said Tuesday.Corporate lending extended by banks and non-bank institutions stood at 746.5 trillion won ($695.1 billion) as of the end
Aug. 30, 2011