The Korea Herald

Lotte Mart denies transfer of headquarters to China

IndustryAug 8, 2011

Lotte Mart struggled Monday to quell market speculation that the nation’s second-largest retail chain is considering moving its headquarters to China in the near future. According to news reports, Lotte Mart CEO Noh Byung-yong hinted at a potential move to China in a recent meeting with company offi
STX Heavy faces contract breach in Iraq

IndustryAug 8, 2011

Company reviewing contract on whether Iraq can legally retract accord on plantSTX Heavy Industries is in danger of losing a 3 trillion won ($2.8 billion) plant construction contract in Iraq due to political turmoil in the Middle Eastern country, industry sources and news reports said Monday. STX, wh
FKI under fire for lobbying activities

IndustryAug 8, 2011

The Federation of Korean Industries is facing mounting public backlash after the discovery that it pushed companies to lobby politicians to curb anti-corporate legislation.The country’s central mouthpiece for conglomerates was recently found to have paired some of the nation’s largest companies with
Asia turns to South American markets

World BusinessAug 8, 2011

TOKYO (AFP) ― When Japanese beverage giant Kirin said this week it would take a large stake in Brazil’s Schincariol, it was the latest example of Asia’s growing thirst for South American markets and resources.In the same week, China’s JAC Motors said it would invest 900 million dollars in an auto pl
Geithner says he will stay ...at Treasury

World BusinessAug 8, 2011

WASHINGTON (AP) ― Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary, ending speculation he would leave the administration.The Treasury Department released a statement Sunday saying Geithner had informed the president of his decision to remain in th
Readers’ VOICE

Aug 8, 2011

On dog meat ...We eat many animals, why should dogs get special treatment? Perhaps because of their intelligence? Scientists tell us pigs are actually smarter, and yet we eat pork. Their status as a popular pet? Again, pigs can be pets as well (Charlotte’s Web anyone?) Admittedly inhumane treatment
Should dog meat be banned?

Aug 8, 2011

As some restaurants serve up the dish for the summer ...Animal rights activists protest the consumpt ion of dog meat in Seongnam, Gyeonggi Province. (Yonhap News) Eating man’s best friendThe production and consumption of dog meat is somewhat of a legal gray area in South Korea. In a strange leg
[Joseph E. Stiglitz] A contagion of bad economic ideas

ViewpointsAug 8, 2011

NEW YORK ― The Great Recession of 2008 has morphed into the North Atlantic Recession: it is mainly Europe and the United States, not the major emerging markets, that have become mired in slow growth and high unemployment. And it is Europe and America that are marching, alone and together, to the den
[Dominique Moisi] What failed in Norway?

ViewpointsAug 8, 2011

PARIS ― Japan in March 2011 and Norway in July 2011: any comparison between the madness of nature and the pure madness of man in Norway may sound artificial. Yet, confronted with their respective tragedies, Japan and Norway displayed a very similar combination of qualities and flaws.In both countrie
[Editorial] Ahn Chul-soo syndrome

EditorialAug 8, 2011

Ahn Chul-soo, 49, a medical doctor-turned-software businessman, is the Korean version of Bill Gates plus Michael Sandel. Currently the dean of the Graduate School of Convergence Science and Technology, Seoul National University, he runs the Ahn Chul-soo Research Institute, the largest software enter
[Editorial] North in transition?

EditorialAug 8, 2011

Amid the general bleakness in inter-Korean relations, there are reports of some signs of change in the North. For one, Pyongyang has refrained from verbally attacking President Lee Myung-bak from the beginning of this month. Since the summer of 2008, North Korea’s official mouthpieces had called Pre
U.N. chief to Fukushima evacuees: Hang in there

World NewsAug 8, 2011

FUKUSHIMA, Japan (AFP) ― U.N. chief Ban Ki-moon on Monday pledged the world body’s solidarity with Japan after its quake, tsunami and nuclear disaster and encouraged radiation evacuees to “hang in there”.Traveling in the disaster-struck northeast, Ban became one of the most senior foreign leaders to
Dalai Lama’s successor sworn in

World NewsAug 8, 2011

DHARAMSHALA, India (AFP) ― Lobsang Sangay, a 43-year-old Harvard scholar, was sworn in Monday as head of the Tibetan government in exile, replacing the Dalai Lama as the movement’s political leader.In an historic shift from the dominance of Tibetan politics by religious figures, the new prime minist
New unrest in north London night after riot

World NewsAug 8, 2011

LONDON (AP) ― New unrest erupted on north London’s streets, a day after rioting and looting in a deprived area amid community anger over a fatal police shooting.Police on Sunday deployed extra officers on the streets to prevent a repeat of Saturday’s violence in north London’s Tottenham area, which
Students explore Korea through lenses

FilmAug 8, 2011

For the past six years, Korean and American university students have gathered at Ewha Womens University to participate in the Harvard Summer School in Seoul program. This summer, the program offered for the first time “Cinema Seoul: Documenting Korea Through Film,” a course that presented students w