The Korea Herald

Rainy weather lifts producer prices

Sept 9, 2011

The unusually heavy rains and typhoons of the past two months caused prices of fresh produce to rise by the steepest pace since April, the central bank said Friday.Producer prices of fresh vegetables and fruits advanced 6.6 percent in August from a year earlier, signaling rapid price increases in pr
LG enters launderette market

IndustrySept 9, 2011

LG Electronics on Thursday opened a self-service laundry in New York equipped with only its products as it pushes to expand business-to-business sales in the United States.The self-service laundry will be operated by Coinmach Corp., the largest laundry service in the U.S. According to LG Electronics
Samsung Card latest in line of data hacks

IndustrySept 9, 2011

Credit-card issuer faces criticism for attempting to downplay scale of breachSamsung Card, one of the nation’s leading credit card companies, is under fire for trying to downplay the leak of clients’ personal information as concerns mount over the frequent exposure of such data online in the world’s
ECB signals rates on hold

World BusinessSept 9, 2011
Interim P.M. warns Libya battle not over

World NewsSept 9, 2011
[Editorial] Chuseok for lawmakers

EditorialSept 9, 2011

Prices have gone up. Jobs are hard to find. It is not easy to rent a home at a reasonable price. But these and other concerns of ordinary people are put to rest for a while, as the four-day Chuseok holiday has just started.For tens of millions of people joining the annual holiday migration, Chuseok
[Editorial] Botched battle on prices

EditorialSept 9, 2011

It would be humiliating for a man in public office to acknowledge that he has failed in his mission. But Kim Choong-soo, governor of the Bank of Korea, virtually did so when he was briefing on its monetary policy to the press on Thursday.On its homepage, the central bank has a statement in bold lett
[William Pesek] China in time of millionaires snubs neighbor

ViewpointsSept 9, 2011

Asia’s biggest rivalry is looking more and more one-sided. There’s no competing with China’s 9.5 percent growth as the U.S. sheds jobs, Europe unravels and Japan’s deflation deepens. Even though Asia’s other rising superpower, India, is zooming along at 7.7 percent, try getting anyone to pay much at
[David Ignatius] A 9/11 Commission report card

ViewpointsSept 9, 2011

WASHINGTON ― As America takes stock of counterterrorism policies this week, it’s useful to review two major recommendations in the 9/11 Commission Report. The first, which called for creation of a new director of national intelligence to “connect the dots,” is finally making some progress in coordin
[Robert Karniol] China’s fourth fleet

ViewpointsSept 9, 2011

With a low-key remark in the state-run People’s Daily, China effectively signaled its intention to establish a fourth fleet for the People’s Liberation Army Navy (PLAN). However, this may yet prove temporary.The PLAN is currently structured around three fleets, each with a geographic focus: the Nort
China needs to learn a lesson from oil spills

ViewpointsSept 9, 2011

The order by China’s State Oceanic Administration (SOA) to ConocoPhillips China that it must stop all production operations in Bohai Bay is long overdue given the two-month long oil leaks and extensive contamination of large areas of Bohai Bay. An investigation conducted jointly by seven central gov
[Dr. John Lee] Beijing’s impotence in Libya

ViewpointsSept 9, 2011

In a recent article published by China’s official Xinhua news agency, the Paris Conference on Libya’s political transition and future without Muammar Gaddafi was decried as a “West-dominated meeting” seeking to entrench American and European interests by maintaining a pre-eminent role for NATO. Alth
Take the scenic route this Chuseok

TravelSept 9, 2011

The winding Okjeong Lakeside Driveway on National Road No. 27 between Jeonju and Imsil. (KTO)National roads offer pleasant alternative to highways for homecoming motoristsChuseok is here and a majority of the nation’s population will head for their home towns for family gatherings, using major expr
Highlights

MusicSept 9, 2011

Exhibitions“Agony and Ecstasy”: 22 among business mogul and noted collector Franois Pinault’s impressive art collection is brought to Seoul. Exhibits include paintings, sculptures, installation works and photos by four renowned contemporary artists ― Jeff Koons, Damien Hirst, Cindy Sherman and Takas
Eye-like

MusicSept 9, 2011

Campbell’s slow exit should be heardGlen Campbell“Ghost on the Canvas” (Surfdog)Given the circumstances of its release, it would be wonderful to say how Glen Campbell’s presumably final album is an unmitigated triumph. Not quite, though it came closer than anyone had a right to expect.An in-demand s