The Korea Herald

Osaka University offers SNU faculty exchanges

Social affairsSept 25, 2011

Seoul National University said Sunday that Osaka University had requested mutual exchanges with it.According to Seoul National University, 12 professors from Osaka University’s Graduate School of Science visited SNU’s College of Natural Sciences and discussed plans to develop education and research
Companies fail to provide mandatory child care

Social affairsSept 25, 2011

More than a fifth of the nation’s biggest corporations were found to have neglected to provide some form of day care to its employees’ infants as required by law, a government report said Sunday. According to a report by the Ministry of Health and Welfare, 22 of the top 100 corporations failed to pr
Regional environment forum to start this week

Social affairsSept 25, 2011

Hundreds of environmentalists from the Asia-Pacific region will gather in Incheon this week for a four-day meeting to discuss and prepare a roadmap for a larger gathering to be held in Korea next year, organizers said Sunday. Members of the International Union of Conservation of Nature will hold a R
Appeals court upholds spousal rape conviction

Social affairsSept 25, 2011

An appellate court here legally recognized spousal rape for the first time, ruling against a husband who was found to have forced himself upon his wife using a weapon, court officials said Sunday.But the Seoul High Court reduced the sentence against the 40-year-old to two years and six months in pri
U.S. lawyer seeks to capitalize on expertise

Social affairsSept 25, 2011

Seoul Honorary Citizen David Linton argues need to remove legal barriers for start-ups in KoreaSince he started working here as a lawyer in 2007, David Jonathan Linton has focused not only on building his own career but also on how he can use his legal expertise to contribute to the advancement of t
CIA documents shed light on S. Korea’s nuke ambition in 1970s

Foreign affairsSept 25, 2011

Seoul engaged in atomic weapon program two years longer than U.S. thoughtAs the international community continues to grapple with how best to thwart North Korea’s nuclear ambitions, a Seoul-based publication has revealed declassified U.S. Central Intelligence Agency documents shedding light on South
10m Galaxy S II handsets sold

IndustrySept 25, 2011

South Korea’s Samsung Electronics, the world’s second-largest mobile phone maker after Nokia, said Sunday it had sold 10 million Galaxy S II smartphones worldwide since the device debuted in April. Sales of the new model, an upgraded version of the firm’s flagship smartphone, had doubled in two mont
LG to invest 8 trillion won in eco-friendly projects

IndustrySept 25, 2011

LG Group said it would push green energy business forward on a strategy titled “Green New Business.” Under the plan, the country’s second-biggest conglomerate aims to generate 10 trillion won ($8.5 billion) in revenue from green business by 2015, and become a leader in the electric vehicle parts, ph
Regulator to toughen rules on inter-trading by subsidiaries

IndustrySept 25, 2011

Companies doing business here will face tougher rules on inter-subsidiary dealings from as early as the end of December, antitrust authorities said Sunday. The Fair Trade Commission on Sunday put a revision to the antitrust law on public notice with an aim to step up its vigilance on illegal inter-a
Asiana sponsors Yeosu Expo

IndustrySept 25, 2011

Asiana Airlines CEO Yoon Young-doo (right) and Organizing Committee for Expo 2012 Yeosu Korea chairman Kang Dong-suk pose after signing the sponsorship contract in Incheon International Airport on Sunday. (Asiana Airlines)Asiana Airlines signed on as an official sponsor of International Exposition Y
Specter of 2008 financial crisis looms again

Sept 25, 2011

Korean authorities face volatility amid deepening eurozone debt problemThe 2008 financial crisis sparked by the bankruptcy of Lehman Brothers in the U.S. is still fresh in the minds’ of Korean investors and policymakers. Now eerily similar developments are sweeping the country’s financial market as
Korean retailers aim to cash in on Chinese golden week

IndustrySept 25, 2011

Korean retailers are launching promotions to target Chinese golden week, which starts Saturday. Industry sources expect that more than 2 million Chinese people will travel abroad during the seven-day holiday starting on Oct. 1, China’s national foundation day. With tens of thousands of Chinese touri
Deutsche Bank employee faces prosecution probe

Sept 25, 2011

One more employee of Deutsche Bank AG will likely be subject to criminal investigation in Korea on suspicion of engaging in irregular stock trading, according to the Financial Supervisory Service.FSS officials allege that an employee of Deutsche Bank rigged the price earnings ratio during his tradin
Hyundai Card to tie up with Hyundai-Kia in U.S.

Sept 25, 2011

Hyundai Card’s global business is drawing interest over whether the company will successfully debut in the U.S. credit card market.CEO Ted Chung’s willingness to tap the world’s largest credit card market could also be meaningful as Hyundai Motor, the majority shareholder of Hyundai Card, has active
FSS to warn card industry CEOs

Sept 25, 2011

Most of six firms under review likely to face sanctions for irregular practicesThe Financial Supervisory Service is moving to reprimand chief executives of major credit card companies for irregular business practices.While the FSS is considering handing down sanctions on several companies for irregu