Most Popular
-
1
Korean labor force to shrink by 10 million by 2044: report
-
2
[AtoZ Korean Mind] Does your job define who you are? Should it?
-
3
Allegations surrounding BTS resurface, enraged fans demand apology
-
4
Students with history of violence will be barred from becoming teachers
-
5
Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
-
6
Medical feud leaves hospitals in financial crisis
-
7
Samsung mocks Apple over iPhone alarm glitch
-
8
'Queen of Tears' riding high on Netflix chart
-
9
'Super Rich in Korea' will leave viewers appreciating Korea more: producers
-
10
Chip up cycle won’t stay long: SK chief
-
Creditors to allow new bidders for Hynix stake
SEOUL, Sept. 21 (Yonhap) -- Shareholders of Hynix Semiconductor Inc. said Wednesday that they will open up the final bidding for the chipmaker in a move to secure the fairness and transparency of the sale process.Creditors-turned-shareholders of Hynix said on Tuesday that they will proceed to sell a
Sept. 21, 2011
-
EUCCK elects new president
Jean-Luc Valerio, chief of the European Aeronautic Defense and Space Company’s Korean operations, has been chosen as the new president of the European Union Chamber of Commerce in Korea, the chamber announced Tuesday.The 53-year-old Frenchman will replace Jean-Marie Hurtiger, chief executive of Rena
Sept. 20, 2011
-
KITA forum to discuss global trade
Economic policymakers, academics and industry officials from around the world will discuss challenges and strategies for international trade at a forum organized by the Korea International Trade Association. Scheduled for Sept. 26-27 in Seoul, the conference commemorates Korea’s reaching $1 trillion
Sept. 20, 2011
-
Hyundai Heavy starts 2nd Russian farming business
Hyundai Heavy Industries Co. announced on Tuesday that it has set up its second agricultural business in Russia.For the new subsidiary, Hyundai Mikahailovka Agro, the shipbuilding conglomerate took over the Asinovka farm located 150 kilometers north of Vladivostok.According to Hyundai Heavy’s estima
Sept. 20, 2011
-
Hynix sale to go ahead as scheduled
Auction will be carried out with SKT as sole bidderCreditors of Hynix Semiconductor Inc. have decided to continue with selling the company on schedule, Korea Exchange Bank said Tuesday.After STX Group pulled out of the bid on Monday, market watchers had raised concerns that the process would be dela
Sept. 20, 2011
-
Design helps cities gain more environmental sustainability
Following is the third 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.Richard Register is an American specialist in ecological city design and planning who created the term “ecocity” in the late 1
Sept. 20, 2011
-
Hyundai Group to enter telecom market
Conglomerate mulls joining consortium formed by SME associationHyundai Group is poised to once again try its hand in the information and communication industry, as the company was found to have decided to participate in a consortium seeking to set up a telecom service provider. Hyundai is considerin
Sept. 20, 2011
-
Seoul begins taking blackout damage claims
The South Korean government began accepting claims Tuesday from businesses who suffered losses from blackouts caused by low electricity reserves last week.A total of 167 claims had already been filed at 294 centers throughout the nation, according to the Ministry of Knowledge Economy.The government
Sept. 20, 2011
-
World’s cheapest car now covered with gold, jewels
The Indian automobile giant Tata Motors unveiled the latest version of its signature Nano car crafted in gold, silver and gemstone on Monday in Mumbai.The jewel encrusted GoldPlus Nano is covered in 80 kilograms of 22 carat gold and 15 kilograms of silver, according to local reports. It also fe
Sept. 20, 2011
-
Sales at discount chains, department stores grow in Aug.
SEOUL, Sept. 20 (Yonhap) -- Sales at South Korea's major discount chains and department stores rose from a year earlier in August on growing demand for food and daily household products ahead of a major holiday, a government report showed Tuesday.By lunar calendar, Sept. 12 was Chuseok, the Korean e
Sept. 20, 2011
-
STX Group drops out of bids for Hynix Semiconductor
STX Group dropped out of the bid for Hynix Semiconductor on Monday.The group, which was bidding for the world’s second-largest chipmaker against SK Telecom, said that the plans were scrapped due to global economic instability and for fears that the large investment required to strengthen Hynix’s ope
Sept. 19, 2011
-
Debt-ridden KEPCO dishes out pay raises
The state-run Korea Electric Power Corp. is facing fresh criticism as reports found on Monday that the utility and its subsidiaries doled out hefty salary increases for employees last year despite their multi-trillion won debt.According to a report submitted by the Ministry of Knowledge Economy for
Sept. 19, 2011
-
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
-
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
-
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
-
‘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
-
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
-
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
-
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
-
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