The Korea Herald

Buyers line up for savings banks

Oct 19, 2011

Potential bidders include Hyundai, Korea Investment and KiwoomCompetition to take over distressed savings banks has grown heated among investors after financial authorities began the process of selling six savings banks on Friday.The stock brokerage sector has emerged as the most active investor in
Samsung sends mixed signals to Apple

IndustryOct 19, 2011

Samsung heir apparent Lee mentions close ties in talks with Tim CookHONG KONG/SEOUL ― Samsung Electronics’ top executives sent mixed signals on Wednesday over its patent battle with Apple Inc. amid speculation about a possible new attack from the U.S. tech leader aiming to undercut the allure
GS’s Huh calls for crisis management

IndustryOct 19, 2011

GS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure with no exception,” Huh said. “When the storm clear
Samsung, Google unveil Galaxy Nexus

IndustryOct 19, 2011

New Android-powered phone to compete with Apple’s iPhone 4SHONG KONG ― Samsung Electronics and Google Inc. unveiled the first smartphone running on the Android’s latest mobile operating system at a global launch event in Hong Kong on Wednesday.“We’re very excited to be introducing our next-generatio
Regulators pile more pressure on ‘corporate greed’

Oct 19, 2011

Financial firms rebut mounting criticism over compensationKorea’s financial regulators continued their push to force the local financial industry to shape up, but changed their tone, mindful of excessive meddling in the private sector.The industry is under fire for getting away with large paychecks
Seoul shares up 0.93% on eurozone hopes

Oct 19, 2011

South Korean stocks closed 0.93 percent higher on Wednesday as pensions and retail investors snapped up shares on hopes an increased eurozone rescue fund would help the region move closer to a debt crisis resolution, analysts said. The local currency shot up against the U.S. dollar.After swerving in
Warm hearts sought to help homeless

Oct 19, 2011

A group assisting homeless people in Seoul is seeking volunteers and donations to help prepare rough-sleepers for the winter. Members and friends of Jamon’s Rock City Church have been going out on Sunday evenings for the past three weeks to speak to and offer help to homeless people and sex workers
Chance to share with Korean ‘comfort women’

Oct 19, 2011

A tour of the House of Sharing is to be held on Sunday. The center in Gwangju, just outside of Seoul, houses the world’s first human rights museum devoted to the theme of sexual slavery, telling the story of the Korean “comfort women” who suffered at the hands of the Japanese military during the Asi
‘Trick or treat’ for N.K. refugees

Oct 19, 2011

Handmade soaps are to be sold at a Halloween event in Seoul to raise funds for refugees. Boogasari’s “trick or treat” music night special will see soaps made by North Korean defectors sold on the door for 5,000 won per bar, with proceeds going to the makers as part of the Soap for Hope project. The
Give extra cash for Korean orphans

Oct 19, 2011

A group helping young adult Korean orphans is seeking donations on GlobalGiving Bonus day, which runs until 2 p.m. Thursday. Any cash given to Korean Kids and Orphanage Outreach Mission between 2 p.m. Wednesday and 1 p.m. Thursday will be upped by 30 percent on the GlobalGiving site. The fund-raisin
Music fest gets down to business for Korean kids

Oct 19, 2011

The 2011 Sejong-Syracuse Global MBA Student Association.A charity music festival on Peppero Day will raise cash to fund villages helping orphaned children in South Korea. Sejong University graduate MBA students from more than 20 countries are organizing the concert to raise funds and awareness of SO
Three nabbed for fraud in relocation of Indonesian Embassy

Social affairsOct 19, 2011

Three men were arrested on fraud charges for luring investors into a fake development project on the site of the Indonesian embassy here, said police officials on Wednesday. According to the Seoul Metropolitan Police Agency, the three men falsely led investors into believing that a profitable multi-
Daegu dog walk seeks volunteers

Oct 19, 2011

The Korean Animal Protection Society is to hold a dog walk in Daegu on Sunday, Nov. 6. Participants will meet at Daemyoung Dog Shelter near Daemyoung Subway Station Exit 4 at 2:30 p.m. before walking their new furry friends around the lake at Dyuru Park. “In Korea, we rarely get big dogs so most of
Six-nation nuclear talks ‘golden key’ to peace: Tang Jiaxuan

North KoreaOct 19, 2011

The six-nation talks on North Korea’s nuclear weapons programs is the “golden key” to opening the door for regional powers to achieve peace and prosperity in Northeast Asia, former Chinese state councilor Tang Jiaxuan said Wednesday. The comments come amid a flurry of renewed diplomatic efforts on h
Prosecutors, judges must forego dual citizenship

Social affairsOct 19, 2011

Koreans with dual citizenships may now have to renounce them to work in the courts or prosecution, according to a legal revision by the Justice Ministry released to the media on Wednesday. The revision states that a dual citizenship is a reason for automatic disqualification from becoming a judge or