The Korea Herald

Concert to boost N.K. youth education

Aug 3, 2011

A concert is being held this month to raise awareness and funds to help North Korean kids striving to fit in the South’s education system. The Citizens’ Alliance for North Korean Human Rights and the Beautiful Mind Charity will co-host the 5th Annual Beautiful Dream Concert on Aug. 27. About 1,700 N
Move over sauerkraut ― kimchi hits Germany for Berlin show

Aug 3, 2011

Two ethnic Koreans have raised more than $1,500 to bring a taste of kimchi to the German capital.Kate Hers and Hanjo Rhee are inviting people to barter for the spicy Korean side dish at an art installation in a Berlin bar during November, the time when people here traditionally make the food. They a
Biking to fund North Korean bakeries

Aug 3, 2011

Two English teachers were set to complete an epic charity cycle through South Korea on Thursday. Cristina Yim and James Foster have biked through floods and torrential rain to raise money for North Korean children. The English teachers were set to finish their near 1,000 kilometer charity cycle in a
Raising hopes for Wes’ return home

Aug 3, 2011

Friends show support for American teacher injured in traffic accidentFriends and family on both sides of the Pacific are rallying to help an American man who was almost killed when a taxi ran him over in Korea.Wes Putman was in a coma for three months after a speeding taxi hit him near Gangnam Expre
Lotte Mart to launch half-priced sauces

IndustryAug 3, 2011

Lotte Mart will launch its new range of discount products on Thursday ― half-priced instant stews in curry and “jjajang,” or black bean sauce, flavors. Even though their quantity has been doubled to 300 grams, the products’ price stands at 1,400 won ($1.32), matching other 150-gram products, the nat
Amore Pacific takes over French perfume brand

IndustryAug 3, 2011

Beauty firm aims to strengthen dominance in global marketAmore Pacific Corp. said Wednesday that it has completed a deal to take over French luxury perfume brand Annick Goutal on Tuesday. It was the first overseas merger and acquisition case for the nation’s largest cosmetics maker with nearly 40 pe
Rickety bullet trains rankle rail travelers

IndustryAug 3, 2011

A string of KTX breakdowns dampens confidence in homegrown technology, stokes safety concernsCustomers around the country have vented fury over Korea’s flaw-ridden high-speed trains, calling for better safety measures from operators and builders.A series of accidents and breakdowns have marred the r
SK exports hit record high in H1

IndustryAug 3, 2011

SK Group said Wednesday its six manufacturing units’ combined exports set a record high of 18.18 trillion won ($17.18 billion) in the first half of the year, thanks to robust sales of petrochemical products.Sales of the six affiliates ― SK Innovation, SK Energy, SK Global Chemical, SK Lubricants, SK
Sales of imported vehicles jump 15.6% in July

IndustryAug 3, 2011

Sales of imported vehicles in South Korea jumped 15.6 percent last month from a year earlier, helped by new car models and the free trade agreement with Europe that lowered prices, a trade association said Wednesday.A total of 8,859 imported vehicles were sold here in July, compared with 7,666 units
Samsung widens gap with Toshiba in NAND flash

IndustryAug 3, 2011

Samsung Electronics Co., the world’s top memory chipmaker, increased its NAND flash market dominance in the second quarter, widening its gap with the runner-up Toshiba Corp., industry data showed Wednesday. But prices of NAND flash memory chips, which are used to store data in portable devices such
Korea faces labor shortage, low productivity: SERI

Aug 3, 2011

The fast-aging population will bring labor shortages and low productivity to the country in the next couple decades, a report said Wednesday.Korea’s dwindling workforce, coupled with rock-bottom fertility rates and prolonged longevity, may weaken economic growth after 2020, said Park Chan-young, a r
Shinhan, IBK probed over irregular lending

Aug 3, 2011

The Financial Supervisory Service recently conducted an on-the-spot probe into Shinhan Bank and Industrial Bank of Korea over their allegedly irregular lending practices.The regulatory body looked into their loan-related documents by dispatching a group of inspectors to the headquarters of the two b
Watchdog requests W500b for savings banks’ overhaul

Aug 3, 2011

South Korea’s financial watchdog said on Wednesday it has requested the government to inject 500 billion won ($473 million) in a special fund aimed at overhauling the country’s ailing savings bank sector.Local savings banks have been suffering from a deterioration of asset quality due to a pile-up o
Most listed firms ignore social responsibility

IndustryAug 3, 2011

The majority of South Korea’s listed companies are not fulfilling their social responsibilities and that can put a crimp in their sustainable growth in the future, a report said Wednesday.The report based on a study of 668 listed companies showed 575 firms, or 86 percent of the total, scored “weak”
iDEA 2011 to offer students chance to showcase ideas

IndustryAug 3, 2011

University students will be offered a chance to showcase their ideas and designs at the design presentation contest The Korea Herald plans to host on the sidelines of the iDEA Herald Design Forum 2011. A total of 10 teams will be selected to compete for the finals on Oct. 5, the day the Herald Media