Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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'Queen of Tears' riding high on Netflix chart
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Samsung mocks Apple over iPhone alarm glitch
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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
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Technical problem causes flight delays
A one-hour computer glitch delayed nearly 20 flights on Wednesday morning at Incheon International Airport, the government reported Thursday.Some part of the control systems at the airport’s air traffic center had not functioned properly starting 10:30 a.m., the Ministry of Land, Transport and Marit
Sept. 15, 2011
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Forestry chief seeks N.K’s participation in global forum on desertification
Korea Forest Service Minister Lee Don-koo said he would seek North Korea’s participation in the 10th U.N. Convention to Combat Desertification conference that opens Oct. 10 in Changwon, a southeastern city of South Korea.Speaking at a news conference in Daejeon on Wednesday, Minister Lee said he wil
Sept. 15, 2011
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Korea readies for Changwon Initiative on desertification
Officials and experts from over 190 countries will gather in Korea for UNCCD conferenceMinisters, senior government officials and experts from more than 190 countries will gather in Changwon, South Gyeongsang Province, next month to devise fresh plans to combat desertification.The Korean government,
Sept. 15, 2011
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BASF Korea appoints new head
BASF Korea, the local unit of the global chemicals group, said Thursday it has promoted Shin Woo-sung, head of its human resources division, to new chief executive.Shin, 54, will replace Cho Chin-wook, whose five-year term is expiring on Sept. 30. Shin Woo-sungA graduate of Seoul National Univ
Sept. 15, 2011
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Computer glitch grounds flights at Incheon airport
More than a dozen flights were temporarily delayed Wednesday due to a glitch in the computer system of the air traffic center at Incheon International Airport, the government said Thursday.No accidents or casualties were reported, but it resulted in several flight delays, according to the Ministry o
Sept. 15, 2011
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Market slides as European debt crisis deepens
Seoul stocks tumbled 3.52 percent to 1,749.16 on Wednesday as investors abandoned trade-dependent market assets on the European fiscal saga. The won ended 2.75 percent down against the U.S. dollar at 1,107.8, as investors chased safer assets. It was the biggest daily percentage drop since a 2.76 per
Sept. 14, 2011
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Apple to revise rules on replacing faulty iPhones
An office worker, surnamed Kim, has replaced his iPhone 15 times in the 20 days since he purchased it. Kim’s is not a rare case in Korea, where Apple, the California-based handset maker, has offered a very limited after-sales service policy. Despite frequent glitches and failures, it is difficult fo
Sept. 14, 2011
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Hyundai ups sales forecast to 4m on European ambitions
Hyundai Motor Co. said it expects to post sales of more than 4 million vehicles globally this year, stretching its previous target of 3.9 million on higher hopes for the European market.Unveiling the new generation of the i30 compact at the 2011 Frankfurt Motor Show on Thursday, Hyundai Motor vice c
Sept. 14, 2011