Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Wall St. plunge could worsen economy’s troubles
WASHINGTON (AP) -- The two-week plunge in stock prices is signaling economic anxiety, but it’s also compounding the problem: Lower stock prices are shrinking Americans’ wealth, rattling their confidence and making them less inclined to spend.And employers may become even slower to hire.The Dow Jones
Aug. 5, 2011
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Samsung’s Lee, wife donate W12 billion to Won Buddhism
Samsung Electronics Chairman Lee Kun-hee and his wife Hong Ra-hee have donated a total of 12 billion won ($11.2 million) since last year to help build a Won-Buddhist temple in New York, industry sources said Friday.Hong is known to be a devoted follower of Won-Buddhism, a Buddhist sect originating from Korea. Lee has no religion. Established in 1916, Won-Buddhism aims to modernize and rejuvenate Buddhism by using conventional teachings for practical purposes.Samsung Electronics Chairman Lee Kun-
Aug. 5, 2011
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Morning named best foreign small car in Germany
Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Morning has been named the best foreign-made small city car and low-cost passenger vehicle in Germany.The car, sold in the European market as the Picanto, ranked first among imported city cars evaluated by Auto Bild and t
Aug. 5, 2011
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Samsung, LG phones stay top in N. America
South Korean mobile phone giants Samsung Electronics Co. and LG Electronics Inc. retained their leading positions in the North American market for a 12th straight quarter in the April-June period, an industry report showed Friday.Samsung, the world’s second-largest cellphone maker, sold 13.8 million
Aug. 5, 2011
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GM surpasses Toyota as largest automaker
General Motors Co. outsold Toyota Motor Corp. globally in the first six months to become the world’s largest automaker after the record March earthquake disrupted production in Japan.GM sales rose 8.9 percent to 4.536 million units in the half-year ended June 30, the Detroit-based automaker said in
Aug. 5, 2011
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French court orders...probe of IMF chief
PARIS (AP) ― A French court on Thursday ordered an investigation into new IMF chief Christine Lagarde’s role in a $400 million arbitration deal in favor of a controversial tycoon.Investigators will open an inquiry this week into possible charges of “complicity to embezzlement of public funds” and “c
Aug. 5, 2011
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Air France ban female staff from serving Strauss-Kahn
Air France had allegedly forbidden female flight attendants from serving the ex-IMF chief as he had sexually harassed the staff, according to reports.Dominique Strauss-Kahn, now accused of attempting to rape a hotel maid in New York, had been harassing female staff on flights so frequently that the
Aug. 5, 2011
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Pilot from missing Asiana aircraft had $1.4 million debt
The missing captain from an aircraft that crashed near Jeju Island last month reportedly had massive debts from guaranteeing a relative’s loan.Speculation concerning the intentionality of the accident was sparked as it was revealed that the pilot had signed up for around seven life insurance policie
Aug. 5, 2011
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Korean inventor considers patent suit against Miller
A Korean inventor is considering a lawsuit against MillerCoors, claiming that the new Miller Lite bottle has copied his patented design, industry sources said Thursday.The Chicago-based brewing company launched last year the Vortex bottle, which has grooves on the inside of the neck. The company exp
Aug. 4, 2011
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Students borrow more from private lenders
Korean students are borrowing dramatically more to pay for college and living expenses, rekindling concerns over heavy debt among young people and business practices of lenders.The Financial Supervisory Service said Thursday as of June, nearly 48,000 university students had taken out loans totaling
Aug. 4, 2011
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Amore Pacific launches credit card
Amore Pacific Corp. launched Thursday a credit card that offers up to 15 percent discounts on its beauty products in partnership with KB Kookmin Card. According to the No. 1 cosmetics maker, consumers can enjoy price benefits when they use the Amore Pacific-KB Kookmin Car to purchase Amore products
Aug. 4, 2011
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LG exec tops stock wealth list
An LG executive has been named the wealthiest man in corporate Korea in terms of stock holdings. LG Household & Health Care’s CEO Cha Suk was worth 16.34 billion won ($15.41 million) thanks to his stock riches, as he held 33,800 shares of LG Household & Health Care worth 483,500 won each as of Aug.
Aug. 4, 2011
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Time for Brown Revolution: UNCCD chief
The chief of the world’s only legally binding convention combating desertification urged leaders to accelerate efforts to fight degradation and regenerate soil to prevent massive food shortages.“People take soil for granted. We may survive oil peak but we will never survive soil peak,” Luc Gnacadja,
Aug. 4, 2011
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‘Korea to lead fight against desertification’
Korea will lead international efforts to combat desertification in Asia based on its experience of forestation, Lee Don-koo, head of Korea Forest Service said. “Korea is ahead of others in turning wasteful land into productive land. We have an important role to play in the world’s fight against dese
Aug. 4, 2011
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Korea to host first Asian conference of UNCCD
Korea is to play host to the world’s biggest gathering to combat desertification for the first time in Asia in Changwon, South Gyeongsang Province.Slated for Oct. 10-21, prominent desertification experts and government officials from 194 member nations of the United Nations Convention to Combat Dese
Aug. 4, 2011
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CJ Construction’s new chief
CJ Group’s construction arm CJ Engineering and Construction Corp. named Kim Chun-hak as its new chief executive and vice president on Tuesday. Kim Chun-hakBefore taking the post, Kim had been working for Samsung Heavy Industries Co. since 1983 and most recently served as the executive vi
Aug. 4, 2011
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Sohn tapped to head panel
Sohn Kyung-shik, chairman of the Korea Chamber of Commerce & Industries, has been named as new head of the Presidential Council on National Competitiveness, a government official said Thursday.President Lee Myung-bak, currently on vacation, plans to appoint him next week, the sources said. Sohn Kyun
Aug. 4, 2011
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Hyundai Engineering wins $672 mln order from Singapore
Hyundai Engineering & Construction Co., South Korea's top builder, said Thursday that it has won a $672 million deal to build two office and residential towers in downtown Singapore.Under the deal with South Beach Consortium, Hyundai Engineering will construct the two complex buildings on Beach Road
Aug. 4, 2011
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Hanjin Heavy chief under fire for lying low over labor crisis
Hanjin Heavy Industries and Construction Co. chairman Cho Nam-ho is facing criticism from politicians for continuing to ignore calls to attend a public hearing and put an end to the labor dispute at the shipbuilder. On Dec. 20 the company decided to let 2,500 workers go in the near future, prompting
Aug. 3, 2011
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Herald Design Forum in Seoul Oct. 5-6
Herald Media, the publisher of The Korea Herald and Herald Business, is holding the first iDEA Herald Design Forum on Oct. 5 and 6.The iDEA forum, (short for information, design, entertainment academy) will bring together leading designers and futurologists from across the world to hold discussions
Aug. 3, 2011