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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Medical feud leaves hospitals in financial crisis
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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'Queen of Tears' riding high on Netflix chart
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Speaker floats dual citizenship as solution to falling births
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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
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Organic milk ‘overpriced,’ no better
A study found Wednesday that organic milk products cost up to three times more than standard milk products despite containing no fewer harmful substances or bacteria. Consumers Korea released its study on organic milk products of three major diary companies including Namyang Diary Products Co. and P
Sept. 7, 2011
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Google denies unfair practices, promises to cooperate in probe
FTC antitrust investigators search company’s Seoul officeGoogle Inc. denied any alleged unfair business practices in Korea, the day after antitrust officials raided its Seoul offices on Tuesday. The Fair Trade Commission stormed Google’s office as part of its probe into an allegation that the global
Sept. 7, 2011
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KITA sets up Vietnam office
Korea International Trade Association chairman SaKong Il (third from left), Ho Chi Minh City Vice Mayor Nguyen Thi Hong (second from left), Korean ambassador to Vietnam Ha Chan-ho (fifth from left), SeAH Steel Corp. chairman Lee Woon-hyung (eighth from left) and other officials cut the tape at a cer
Sept. 7, 2011
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14,400 bottles of wine as a gift to shipbuilder
Hyundai Samho Heavy Industries’ employees hold glasses of wine in front of the ship being built for the German shipping firm Peter Doehle in Yeongam, South Jeolla Province, on Wednesday. (Hyundai Samho Heavy Industries Co.)Hyundai Samho Heavy Industries Co. received 14,400 bottles of wine from a Ger
Sept. 7, 2011
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Hyundai Oilbank launches ‘1 percent’ donation initiative
Executives and employees of Hyundai Oilbank pledged on Wednesday to donate 1 percent of their salaries each month via payroll deduction, stepping up the company’s social contribution efforts. Officials including chief executive Kwon Oh-gap and union leaders signed an agreement at its Seoul headquart
Sept. 7, 2011
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Hite-Jinro unveils corporate identity, vision
Hite-Jinro Group has unveiled its new vision to enter the global market as it relaunches after merging Korea’s top beer and soju makers into a single liquor giant.Hite Brewery Co., the country’s biggest beer producer with a 55.8 percent stake in the Korean market as of last year, took over Jinro Co.
Sept. 7, 2011
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Apple’s iPhone to overtake Nokia on smartphone shipment: report
U.S. IT giant Apple is set to become the world’s largest smartphone manufacturer by volume, overtaking Nokia, a report showed on Tuesday.According to DigiTimes, a Taipei-based daily, Apple is expected to take 19 percent of the global smartphone market with shipments of 86.4 million units this year.
Sept. 7, 2011
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After raid, Google vows cooperation with Korea's anti-trust probe
WASHINGTON (Yonhap) -- Google Inc. said Tuesday that it will cooperate with South Korea's investigation into its alleged unfair business practices, as reports said the local authorities raided the firm's Seoul offices.South Korea's Fair Trade Commission (FTC) raided the offices earlier in the day as
Sept. 7, 2011
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SK Networks may sell school uniform business
SK Networks is seeking a buyer to take over its uniform business, local media reported Tuesday.According to reports citing an unidentified SK Networks official, the company is looking for a buyer, and a number of potential buyers conducted preliminary due diligence on the matter last week.The compan
Sept. 6, 2011