The Korea Herald

NCsoft to give out signed baseballs

IndustrySept 21, 2011

NCsoft, owner of the newly created baseball team, the “NC Dinos,” will give out official balls signed by Dinos coach Kim Kyung-moon and ace baseball player Na Sung-beom as a part of an event to promote a new application.In what can be translated into “A Fun Guide to Baseball,” NCsoft’s new applicati
Amore Pacific to sponsor organic forum

IndustrySept 21, 2011

Cosmetics maker Amore Pacific on Wednesday said it would be sponsoring the 17th conference of the International Federation of Organic Agricultural Movements to be held here next month.Several of Amore Pacific’s brands such as Osulloc will be participating as sponsors, the company said.The conference
Customs seizes W42b of fake designer goods

Sept 21, 2011

Five suspected members of a South Korean smuggling ring have been arrested on suspicion of producing and selling counterfeit designer goods worth 42 billion won ($36.7 million), the country’s customs office said Wednesday.One person was held in custody and four booked without detention on charges of
Customs agency nabs W2.5tr of foreign currency violations

Sept 21, 2011

South Korea’s customs agency said Wednesday that it has clamped down on illegal foreign currency dealings worth 2.5 trillion won ($2.2 billion) so far this year.During the January-August period, the Korea Customs Service said in a report, it detected 1,145 cases of illegal foreign currency dealings
Two savings banks probed for irregularities

Sept 21, 2011

The Financial Supervisory Service said Wednesday that it has uncovered two savings banks ― Jeil and Ace ― which have issued irregular loans to ailing builders over the past few years.The regulator filed complaints the two lenders and nine other banks in the secondary banking industry with the prosec
Seoul sets W23tr for infrastructure

Sept 21, 2011

Next year’s national budget to focus on investment, welfare, job growthThe government plans to allocate 22.6 trillion won ($19.8 billion) for social infrastructure projects next year, emphasizing that the 2012 budget plan, unveiled next week will focus on upping investment in public works, welfare a
Firms at a crossroads in reinventing CSR

Sept 21, 2011

Businesses often view corporate social responsibility as a cost they have to bear in order to maximize profits. The assumption is that company’s core business, especially profits, and CSR projects are not directly related.Kang Joo-hyun, founder and executive president of Global Competitiveness Empow
Ssangyong aims at 20 percent of SUV market

TransportSept 21, 2011

Under new vision, automaker seeks to achieve yearly sales of 160,000 vehicles by 2013Ssangyong Motor has set the goal of pulling up its market share in the local sport utility vehicle industry to 20 percent within five years, from the current 14 percent.The automaker unveiled the local market share
Historical sites and sightseeing places

World NewsSept 21, 2011

Al-Hijr (Madain Salih) In 2008, the archaeological site of Al-Hijr (Madin Slih) was put on UNESCO’s list of world cultural heritage as the first UNESCO World Heritage property to be inscribed in Saudi Arabia. Formerly known as Hegra, it is the largest conserved site of the civilization of the Nabata
Saudi Arabia, Korea extend relations

World NewsSept 21, 2011

The following is the congratulatory message by Ahmad Al-Barrak, ambassador of the Kingdom of Saudi Arabia. ― Ed.The celebration of the National Day of the Kingdom of Saudi Arabia for the year 2011 comes while the bilateral relations between the Kingdom of Saudi Arabia and the Republic of Korea are w
Fed begins meeting, tiptoes toward easing

World BusinessSept 21, 2011
EU, IMF raise concerns over bank capital

World BusinessSept 21, 2011

EU official warns more banks may need recapitalization; IMF calls for higher buffersBRUSSELS (AP) ― The European Union and the International Monetary Fund on Tuesday raised concerns over the health of European banks as the continent’s debt crisis worsens.The EU’s competition commissioner warned that
Hanwha’s major construction projects under way

IndustrySept 21, 2011

With the aim of becoming one of the major global builders, Hanwha Engineering and Construction has successfully won large-scale construction projects nearly all over the world.One of the latest projects the company won is to build the world’s largest domed arena near Manila.In August, Hanwha began w
Hanwha E&C looks to overseas markets for growth

IndustrySept 21, 2011

Builder aims to become one of the world’s top 100 construction firms with sales of W5trHanwha Engineering and Construction is turning its attention to overseas markets to fuel its drive to become one of the world’s top 100 construction companies by 2015.Under the plans announced earlier this year, t
[Editorial] Split among conservatives

EditorialSept 21, 2011

Conservative groups that are disillusioned with the ruling Grand National Party are rallying behind Lee Seog-yeon, a former minister of government legislation, who has decided to run in the Oct. 26 Seoul mayoral by-election. In response, the ruling party has abandoned the idea of encouraging him to