The Korea Herald

Samsung, Micron to develop technique for high-performance memory chips

TechnologyOct 7, 2011

SEOUL, Oct. 7 (Yonhap) -- Samsung Electronics Co., the world's largest memory chipmaker, said Friday that it is teaming up with Micron Technology Inc. of the U.S. to develop technology to produce a high-performance memory chip.Samsung has formed a consortium with Micron Technology, the U.S.'s larges
S. Korea hammers Uzbekistan in opening leg of football doubleheader

SoccerOct 7, 2011

SEOUL, Oct. 7 (Yonhap) -- South Korea's Olympic football team pounded Uzbekistan 5-1 at Seoul World Cup Stadium Friday, in the opening leg of the rare football friendly doubleheader in the nation's capital.Five different players got on the score sheet for the home team. Kim Tae-hwan scored just two
Moody's cuts credit ratings of 12 British banks

World NewsOct 7, 2011

Moody's on Friday downgraded its credit ratings for a dozen British lenders, including state-rescued Royal Bank of Scotland and Lloyds TSB, due to the removal and curtailment of government financial support.Moody's said it chose to downgrade five large banks and seven small ones as government action
Errand services do everything for you

Social affairsOct 7, 2011

A working housewife living in Bundang, Gyeonggi Province, recently had her worn-out furniture moved to an upholstery factory for just 20,000 won thanks to an errand service. “I couldn’t ask my husband or my brother to help move the furniture because they were both so busy working. Then, I came acros
Samsung profit beats forecasts

IndustryOct 7, 2011

Company expects third-quarter profit at $3.5 billion, 12% up from second quarterSamsung Electronics on Friday expected its quarterly profit to exceed market forecasts on the back of brisk smartphone sales and a weak local currency. The world’s largest technology company said in a statement that prof
Candidates start Seoul mayoral campaigns

PoliticsOct 7, 2011

The by-election race for Seoul mayor gained steam Friday as the strongest presidential hopeful vowed to help campaign for the ruling party while the unified candidate of the opposition bloc registered candidacy.The Oct. 26 by-election pits Park Won-soon, a liberal lawyer-turned-activist with no part
Restaurateurs strike to protest card commissions

Social affairsOct 7, 2011

The Association of Restaurant Owners has announced that they will hold a protest rally on Oct. 18 in Seoul to demand credit card commissions cut and easier employment of foreign workers.Restaurant owners demand lowering credit card commission rate from the current 2-2.7 percent to 1.5 percent and al
U.S. soldier in Korea under probe for raping underage girl

Social affairsOct 7, 2011

Another U.S. soldier in Korea is under investigation on suspicion of raping an underage South Korean girl, police said Friday, less than two weeks after a similar case enraged locals. The Seoul Mapo Police Station said they were interrogating the 21-year-old private from a communications brigade of
Seoul hints at unconditional N. Korea aid

Foreign affairsOct 7, 2011

South Korea should rule out political considerations when handing out humanitarian aid to North Korea, Seoul’s top presidential aide said Friday. “Humanitarian aid should continue and when sending aid, the North Korean leadership and ordinary North Korean residents should be considered as separate e
SLS chairman claims bribing prosecutor

Social affairsOct 7, 2011

SLS Group chairman Lee Kuk-chul, under prosecutorial investigation for allegedly amassing slush funds and bribing government officials, claimed Friday that he had delivered 100 million won to a senior prosecutor through a businessman.Lee made the latest allegation in a press conference hours after t
Tougher rules for sex crimes on disabled

Social affairsOct 7, 2011

Complaints no longer required for prosecution; first-time offenders to be taggedSexual crimes on the disabled will be prosecuted with or without the victims’ complaints and first-time offenders will be bound to wear electronic tagging devices under toughened rules unveiled by the government Friday.B
Korea’s CDS premium jumps most in 32 months

Oct 7, 2011

The cost of insuring South Korea’s sovereign debt against default climbed the most in 32 months, growing two times faster than that of eurozone countries, data showed Friday.The credit default swap premium on South Korea’s foreign currency bonds with five-year maturities reached 220 basis points as
BOK head cuts economic growth forecast up to 2012

Oct 7, 2011

The South Korean economy is likely to grow at a slower pace than the central bank’s earlier forecast of 4.3 percent this year amid dimmer global economic outlooks, its chief said Friday.“The growth of the South Korean economy is expected to be lower than 4.3 percent this year, but it will be higher
IAEA workshop to discuss promotion of nuke power

IndustryOct 7, 2011

The International Atomic Energy Agency’s workshop regarding public information on introducing new nuclear power plants will kick off in Seoul on Monday.The workshop organized by the Korea Nuclear Energy Promotion Agency will be held at Lotte Hotel World in Jamsil, southeastern Seoul until Friday.The
Manpower named one of U.S.’ top staffing firms

IndustryOct 7, 2011

The human resource services provider Manpower has been included in the Best of Staffing Talent list, the company said Friday.Compiled by the U.S.-based research firm Inavero Inc., the Best of Staffing Talent list includes staffing firms whose services are rated highly by job seekers. According to th