Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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Samsung starts making its case at patent trial after Apple rests
Samsung Electronics called its first witnesses, two computer scientists, to attack Apple Inc.’s claimed originality of its software patents at issue in a multibillion-dollar trial in California. The witnesses in federal court in San Jose on Monday demonstrated technologies resembling and predating Apple’s “rubberbanding” ― the way an iPad or iPhone screen seems to bounce when a user scrolls to the end of a file ― years before the 2007 release of the iPhone.Benjamin Bederson, a University of Mary
TechnologyAug. 14, 2012
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Korea’s leading firms beat Japanese peers in market cap
Korea’s leading companies in six major export industries now have greater aggregate market values compared to their Japanese peers, as they have grown faster and attracted more investment. Based on last Friday’s closing prices, market capitalizations of the top Korean manufacturers of semiconductors, displays, steel products, ships, oil refiners and builders were greater than that of their Japanese rivals, Shinhan Investment Corp. said Tuesday.In late 2009, Korean companies in only three of the
IndustryAug. 14, 2012
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Bumpy road expected for China FTA
Seoul remains divided over benefits and drawbacks from the free trade pactThis is the fourth in a series of articles to mark the 20th anniversary of diplomatic ties between South Korea and China. ― Ed.With discussions on a free trade agreement between South Korea and China in full swing, some doubt how much the deal might benefit Korea. After initiating a joint research project in 2005, the neighboring countries kicked off the first round of negotiations in May in Beijing and the second round on
Aug. 14, 2012
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Samsung Electronics eyes Africa for expansion
Samsung Electronics Co., the world’s biggest technology firm by revenue, is turning to Africa for overseas growth as part of efforts to tide over slowing demand in debt-ridden Europe, market watchers said.Samsung has been stepping up its presence in the continent in a bid to raise an annual revenue of $10 billion by 2015 in countries located below the Sahara Desert, they said. The company aims to more than quadruple sales of TV and home appliance products in the same year.The company has been ex
IndustryAug. 14, 2012
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Hyundai Motor to sponsor French soccer club Lyon
Hyundai Motor said Tuesday that it has signed a sponsorship agreement with France’s soccer club Olympique Lyonnais for the next two years. The team, commonly known as Lyon, plays in France’s highest football division, Ligue 1, winning the league championships seven consecutive times since the 2001-2002 season. With the new partnership, Hyundai said, it aims to raise its brand awareness in Europe. Between 2007 and 2011, an estimated 240 million fans across Europe watched Lyon. Korea’s largest car
IndustryAug. 14, 2012
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Are your employees ‘sustainably engaged’?
A recent OECD survey found that Koreans work the longest hours per year (2,193 hours) among OECD countries. The OECD average stands at mere 1,749 hours. However, working long hours is not necessarily linked to higher productivity.In fact, SAS, a software company well-known for its great working environment, recommends its engineers to work strictly eight hours as it is more costly to find and correct errors made by disengaged or overworked engineers. Similarly, Towers Watson’s recent employee su
Aug. 14, 2012
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Hynix gaining strength after SK takeover
Analysts say strong leadership helps chipmaker improve financial conditionsHalf a year has passed since Hynix, the world’s No. 2 memory chip maker, came under the wing of SK Group, the nation’s third-largest conglomerate. Since then, SK Group has put Hynix under its tight control and sought to implant the conglomerate’s corporate culture at the chipmaker.Last month, the renamed SK Hynix said it posted 23 billion won ($20.4 million) in operating profit for the second quarter, bouncing back into t
IndustryAug. 14, 2012
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Giant pregnant Burmese python caught in Florida
The largest Burmese python ever found in Florida has been caught in the Everglades, scientists said Tuesday, and it contained 87 eggs -- also thought to be a record.“This thing is monstrous, it‘s about a foot wide,” Kenneth Krysko, the herpetology collection manager at the Florida Museum of Natural History, said of the 17-foot-7-inch (5.35-meter) creature.Scientists at the University of Florida-based museum examined the 164.5-pound (74.5-kilogram) snake on Friday as part of a government research
TechnologyAug. 14, 2012
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Depression shrinks brain: scientists
U.S. researchers have discovered that depression shrinks the brain by stopping nerve connections from forming, thus causing memory and concentration problems.Researchers analyzed brain tissue of patients who died after having memory and concentration disorders, and found inactivity in their synapses. Synapses are genes that are necessary for the function and structure of brain nerve connections.The loss of brain connections happened due to a particular protein called GATA1, which acts like a “sw
TechnologyAug. 14, 2012
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Key S. Korean firms outstrip Japanese rivals in market cap
South Korea's bellwethers in six major industries have outshined Japanese rivals in terms of market capitalization as they have made big strides in global markets, data showed Tuesday.According to the data by Shinhan Investment Corp., leaders in South Korea's semiconductor, display, refinery, construction, steel, and shipbuilding industries had larger market caps than their Japanese counterparts,
IndustryAug. 14, 2012
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Seoul shares open higher on tech gains
Korean stocks got off to a strong start on Tuesday, led by gains in large-cap shares, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.1 points, or 0.88 percent, to 1,949.54 in the first 15 minutes of trading.Blue chips gained ground across the board, with market bellwether Samsung Electronics adding 0.45 percent and leading carmaker Hyundai Motor gaining 0.81 percent.
Aug. 14, 2012
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Mutations found in Fukushima butterflies
Radioactive materials released into the environment by the Fukushima nuclear disaster in Japan have caused mutations in butterflies, a study indicates.Scientists say they've detected an increase in mutations in leg, antennae and wing shape among butterflies collected following the 2011 Fukushima accident, and that laboratory experiments have confirmed the link with the radioactive release.Two mon
TechnologyAug. 14, 2012
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Korea-China economic ties face new opportunities, challenges
This is the third in a series of articles to mark the 20th anniversary of diplomatic ties between South Korea and China. ― Ed.The economic interdependence between Korea and China has grown rapidly ever since the two countries established diplomatic ties 20 years ago and is expected to increase further despite changing circumstances. The two-way trade volume has snowballed nearly 35-fold since 1992, making China Korea’s biggest trading partner.Both being export-driven economies, Korea and China s
Aug. 13, 2012
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Herald presents new corporate identity, vision
‘Re-imagine! Life beyond Media’ slogan represents Herald’s futureHerald Corp., the parent company of The Korea Herald, will present its new corporate identity focused on “Life beyond Media.”Aiming to be at the center of consumers’ lives by taking on new projects like eco-friendly manufacturing and distribution, it expects to grow to 10 times its current size within a decade, its officials said.The firm has also changed its company name from Herald Media to Herald Corp. to emphasize its goal to e
Aug. 13, 2012
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The Korea Herald adopts ‘Digital First’ strategy
In the digital media era, newspaper companies around the world have adopted new approaches and tools to deliver their stories.With the Internet’s ever more important place in everyday life, a newspaper group’s power can be judged not only by its print circulation, but also by the number of people who read and comment on its articles online.To find its footing at this crucial time, The Korea Herald has tracked mobile-oriented trends and made innovations to stay ahead in the race.Under a “digital
TechnologyAug. 13, 2012
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Asiana, G-market expand mileage point system
Asiana Airlines signed a memorandum of understanding with the nation’s leading online auction and commerce site G-market on adding a new flight mileage policy on Monday.According to the expanded mileage policy starting from Aug. 13, G-market customers who enter the e-shopping site directly at www.gmarket.co.kr can accumulate mileage points that correspond to the amount of their purchase. The new mileage policy is compatible with other G-market offers such as “G Mileage” and “G Stamp.”Before the
Aug. 13, 2012
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College-educated workers exceed 10 million mark
The number of Korean employees with college degrees surpassed the 10 million mark in the second quarter, data showed Monday, indicating the country’s zeal for education.The number of college graduates on the payroll amounted to 10.2 million in the second quarter, up 4.8 percent or 464,000 from the previous year, according to data by the state-run statistics agency.The figures include graduates from two-year community colleges and four-year universities and those who complete graduate school degr
Aug. 13, 2012
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Hyundai outpacing Japanese rivals in U.S. car sales
Hyundai Motor Group, which owns Hyundai Motor and Kia Motors, is expanding its presence in the North American market where the Korean auto giant led car sales in the small and mid-sized segments in July. According to industry sources on Monday, Hyundai Motor sold 8,903 vehicles in the U.S. sub-compact segment in July, becoming the No. 1 car brand in the category for four consecutive months. In both the compact and midsize segments, the carmaker delivered 34,791 and 34,295 vehicles, respectively,
IndustryAug. 13, 2012
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Major card firms jump into mobile market
Mobile card boosts Hana-SK Card salesThe nation’s major card companies are jumping into the mobile card market as customer demand rises, financial sources said Monday.The companies are forecasting that plastic credit cards will be replaced with mobile cards in the next two to three years following the expansion of smartphones, the sources said.The fast growth of the newcomer Hana-SK Card, which has been pioneering the mobile card business here, may support the assumption. Hana-SK Card, which was
Aug. 13, 2012
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Radical weather changes reshape agricultural map
Mandarin oranges, apples, grapes moving north due to rising temperaturesKorea’s agricultural map is seeing drastic changes, with mandarin oranges growing north of Jeju Island, as the country increasingly experiences subtropical weather.The concept of regional specialties such as Jeju tangerines, Cheongdo peaches, Gyeongsan grapes and Daegu apples has lost meaning as the boundaries for crop cultivation have migrated northward due to rising temperatures.It has already been several years since tang
Aug. 13, 2012