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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‘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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Ssangyong Motors returns to profit
Ssangyong Motors Co. on Friday posted net profits of 8.1 billion won ($7.2 million) for 2010, marking a return to profit after two years in the red.The company, which recorded net loss of 346 billion won in 2009 and 710 billion won in 2008, said that rising sales and cost-cutting efforts allowed it to return to profit.Last year, the company’s domestic and overseas sales increased by 131.6 percent
IndustryFeb. 28, 2011
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[Herald Interview] Former lawmaker sees U.S. FTA ratification soon
The only Korean-American to have served in U.S. Congress expects the KORUS FTA to be ratified in the U.S. soon, possibly within the spring. “I think it’s going to be ratified easily, perhaps by May,” Jay Kim told The Korea Herald last week. “There’s no problem here, (but) I’m concerned about Korea.” Kim, born Kim Chang-jun in Seoul in 1939, emigrated to the U.S. in 1961, where he studied civil eng
Feb. 28, 2011
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Fujifilm to buy Merck unit for biotech supplies
Fujifilm Holdings Corp. agreed to buy Merck & Co.’s BioManufacturing Network for making supplies used in clinical studies of biological drugs, a Merck spokesman said in an interview.The network Fujifilm is acquiring is made up of Merck subsidiaries Diosynth RTP LLC in Research Triangle Park, North Carolina, and MSD Biologics (U.K.) Ltd. in Billingham, England, Ian McConnell, a spokesman for Whiteh
IndustryFeb. 28, 2011
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Geneva show to highlight practical models
South Korean carmakers are set to use this week’s International Geneva Motor Show to showcase practical new additions to their lineup.Hyundai Motor Co. Kia Motors Corp., GM Korea Co. and Ssangyong Motor Co. will take part in the trade show which opens Tuesday for a two-week run. About 70 conventional and eco-friendly models are making their debut at the show. Hyundai, Korea’s largest carmaker, wil
MobilityFeb. 28, 2011
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Low fat or low carb? Which is the better way to lose weight?
A low-fat diet will help you lose weight. Or is it a low-carbohydrate diet? Pore over decades of research and dozens of studies over this debate and you’re likely to be confused about the best way to go about reducing your waistline.“I think lowering carbs is what you should do,” says Heather Straight, a Pleasant Hill, California, mom of three who says she’s tried several diets. “At least, I think
TechnologyFeb. 28, 2011
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GM Korea says goodbye to Daewoo, hello to Chevrolet
GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., will officially launch the Chevrolet brand in South Korea this week, saying goodbye to Daewoo, a name that has endured in South Korea for the past 28 years, the company said Monday.The name of the company will officially be changed to GM Korea from GM Daewoo also from Tuesday, it added."The change of the company name is an e
MobilityFeb. 28, 2011
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Japan to build world’s fastest train
Central Japan Railway Company announced plans to construct the world’s fastest train, restoring its reputation as a leader in state-of-the-art high speed rail technology. Currently, the fastest train on earth operates in China. The new train with a speed of up to 498km/h is set to outpace China’s fastest, which manages 354km/h.Japanese passengers currently enjoy rapid transport with the “Shinkanse
IndustryFeb. 28, 2011
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Korea raises energy alert over oil prices
Measures in force to reduce energy useSouth Korea raised its energy alert level on Sunday and will launch a set of emergency conservation measures on Monday to counter surging crude oil prices, the Ministry of Knowledge Economy said. The government upgraded the country’s energy alert level from “blue” to “yellow,” the third-highest in the country’s four-tiered system. The country issued the “blue”
Feb. 27, 2011
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Disgraced clone scientist Hwang wins research project from Libya
A disgraced South Korean clone scientist has won a research project from Libya amid growing unrest in the North African nation, colleagues at his research lab here said Sunday. Under the 150-billion won ($133 million) project with the Libyan government, Hwang Woo-suk will conduct stem cell-related research activities for incurable diseases, according to Hwang's Sooam Bioengineering Research In
TechnologyFeb. 27, 2011
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Abarth 695 Tributo Ferrari super car
GENEVA (DPA) ― A stunner at the upcoming Geneva Motor Show is the Abarth 695 Tributo Ferrari ― a tiny super car in red, Scuderia-style stripes, lashings of mesh grille and unique Ferrari badging, and based on the Abarth 500.Built in cooperation with Ferrari, the 1.4-liter turbo motor has an output of 180 horsepower compared to the 135 hp of the standard model with acceleration from zero to 100 km/
MobilityFeb. 27, 2011
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Eco-Porsche Panamera headed for Geneva
STUTTGART, Germany (DPA) ― Porsche is presenting its second hybrid vehicle in the form of the Panamera S Hybrid at the Geneva Motor Show next month with an output of 380 horsepower and a consumption of only 6.8litres per 100 kilometers.Similar to the Cayenne, the Porsche Panamera S Hybrid is fitted with a 3-litre V6 compressor motor delivering 333 hp with the electric motor adding an additional 34
MobilityFeb. 27, 2011
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Mercedes to unveil sporty two-door coupe in Geneva
STUTTGART, Germany (DPA) ― Marking its 125th birthday Mercedes is entering for the first time the two-door compact coupe segment with a C-Class Coupe, deploying much of the same technology as in the recently launched C-Class.Tailored to a customer group aged 35-45, “we are consciously targeting new customers,” according to the head of Mercedes Sales and Marketing, Joachim Schmidt.Typical coupe fea
MobilityFeb. 27, 2011
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Seoul shares to fluctuate on Libya crisis this week
Korean shares will likely remain bearish this week as the political unrest in the Middle East will continue to drive up oil prices, adding more inflationary pressure on the economy, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,963.43, down 2.5 percent or 49.71 points from a week earlier on massive selling by foreign investors, who dumped 600 billion won ($531 m
Feb. 27, 2011
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SK launches mobile chip venture in China
HONG KONG (Yonhap News) ― The main Chinese subsidiary of SK Group has launched a mobile joint venture in the country in a bid to tap into its mobile solution industry, the group’s flagship company said.SK China, established in July 2010 through the joint investment of SK Group subsidiaries, has established a 19 billion won ($16.8 million) joint venture called “SKMtek” with MtekVision, Korea’s lead
IndustryFeb. 27, 2011
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Hyundai E&C seeks further overseas expansion
After garnering record-high overseas orders last year, Hyundai Engineering & Construction Co. is pushing harder to expand its presence in the world though diversification of its projects and markets. The country’s largest builder aims to become a global top 20 builder by 2015 under its long-term growth plan Vision 2015 launched last year. By the target year, the company expects to achieve 23 trill
IndustryFeb. 27, 2011
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Millet Korea unveils fresh product line
Millet Korea launched M-Limited line products at the Millet brand’s 90th year anniversary event held in Seoul on Friday.Formerly known as Edelweiss Outdoor Co., Millet Korea is the distributor of Lafuma Group’s Millet products in Korea.In April 2009 Millet Korea signed exclusive rights to use the French brand’s trademark in Korea and China, becoming the first independent company to sign a trademar
IndustryFeb. 27, 2011
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Korea Exchange pushes to go public
Chairman Kim vows to enhance global networking, toughen against fraudThe Korea Exchange will push for an initial public offering to boost its competitiveness and expand its operations globally, its chairman Kim Bong-soo said.He also pledged to toughen penalties on trading irregularities, citing the recent controversy involving Deutsche Bank, which allegedly manipulated the stock market through mas
Feb. 27, 2011
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Korea to delay carbon trading to 2015
Korea’s government is delaying carbon emission trading to 2015 after opposition from the industry to implement it in two years.The revised bill, which reflects feedback from businesses, will be submitted to parliament in March, Kim Sang-hyup, the presidential secretary for green growth, said Saturday.President Lee Myung-bak said on Feb. 7 the emission-trading plan will be implemented in a “flexibl
Feb. 27, 2011
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Lee’s business diplomacy expands market
Emphasis on free-trade deals has increased access for Korean exportsPresident Lee Myung-bak’s emphasis on business diplomacy for the past three years has been catapulted Korea to the forefront of free trade and international global coordination that helped the world tide over the worst downturn since the Great Depression. Korea’s first CEO-turned-president is praised for pulling the country out of
Feb. 27, 2011
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Honda opens orders for CBR250R
Honda Korea is now receiving orders for the CBR250R motorcycle that will be launched on the local market at the end of March.The CBR250R is fitted with a newly designed water-cooled 250 cubic centimeter engine, which according to the company offers improved acceleration and response. CBR250RThe company is receiving pre-launch orders until March 23, and those purchasing the vehicle before its laun
MobilityFeb. 27, 2011