The Korea Herald

Sulwhasoo targets Chinese women

IndustryJul 27, 2011

Amore Pacific, Korea’ top cosmetics maker, is now targeting the fast-growing Chinese market, devising a premium positioning strategy with its high-end herbal medicine cosmetics brand Sulwhasoo.After successfully entering the markets in Hong Kong in 2004 and the U.S. in 2010, the brand Sulwhasoo made its Chinese debut this year. An advertisement for Sulwhasoo at Shin Kong Palace, a Beijing departm
Amore Pacific creates beauty with herbal medicine

IndustryJul 27, 2011

Premium brand Sulwhasoo realizes 66 years of research effortsAmore Pacific, Korea’s top beauty company, officially launched its high-end herbal medicine cosmetics brand Sulwhasoo in Beijing on June 22. With about 100 journalists and industry people in China and Hong Kong in attendance, CEO and president Suh Kyung-bae expressed strong confidence about the brand’s success in Asia as well as in China
WTO’s Lamy sees paralysis in global trade talks

IndustryJul 27, 2011
Ford, Chrysler take Q2 hit to position for growth

IndustryJul 27, 2011

DEARBORN, Michigan (AP) ― Ford’s ambitious plans to grow in Asia took a toll on its second-quarter profit, with higher costs to design and sell cars offsetting rising sales.The company’s net income fell 8 percent to $2.4 billion for the April-June period. Ford blamed higher prices for steel and other commodities, but also said that after years of restructuring, the company is strong enough to spen
S&P sees second Greek debt haircut: report

IndustryJul 27, 2011
Delay in debt plan vote stokes uncertainty

World BusinessJul 27, 2011
Ostrich meat fails to ease North Korea food shortage

World NewsJul 27, 2011

SUNAN, North Korea (AP) ― It’s an unlikely sight: hundreds of ostriches, a bird native to sunny Africa, squatting and squabbling in the morning chill on a sprawling farm in North Korea. Even stranger: In winter, some wear quilted vests.Built on the heels of a 1990s famine, the ostrich farm was a bold, expensive investment that the state hoped would help feed its people and provide goods to export.
[Robert Reich] Rise of the wrecking-ball right

ViewpointsJul 27, 2011

Recently I debated a conservative Republican who insisted the best way to revive the American economy was to shrink the size of government. When I asked him to explain his logic, he said, simply, “Government is the source of all our problems.” When I noted government spending had brought the economy out of the previous eight economic downturns, including the Great Depression, he disagreed. “The De
[Jeffrey Goldberg] Husain Haqqani, hardest working man in D.C.

ViewpointsJul 27, 2011

Life for many members of Washington’s diplomatic corps is, one imagines, pretty much a picnic. For example, the ambassador from Barbados generally faces no career-threatening crises. Nor does the ambassador from Luxembourg. Others have trickier assignments. The ambassador from Yemen, Abdulwahab Abdulla al-Hajjri, can’t be having an easy time lately, especially since his brother-in-law is his count
[Editorial] Youth recruit quotas?

ViewpointsJul 27, 2011

The June job figures showed that the employment rate of women in their 50s, which was at 59.3 percent, was higher than those of men in their 20s (58.5 percent) and women in their 20s (59.2 percent).One commentary said the high rate of employment for women in their 50s cannot be welcomed wholeheartedly, adding that elderly women are driven into the job market as their sons and daughters have diffic
[Editorial] Mergers, liquidations

EditorialJul 27, 2011

Talks on forced mergers and liquidations are under way. The targets are not corporations that have become insolvent or are nearing insolvency, but junior colleges and universities whose finances are in bad shape.One of the first steps to be taken in this regard is to pass a bill on restructuring private schools. The presidential office and the ruling Grand National Party agreed on the bill’s early
[Robert J. Shiller] Debt and delusion about insolvency

ViewpointsJul 27, 2011

NEW HAVEN ― Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say. But the public often overreacts to such talk.Consider, for example, the debt-to-GDP ratio, much in the news nowadays in Europe and the United States. It is sometimes said, almost in the same breath, that Greece’s debt equals 153 percent of its annual GDP, and
[Michael Smerconish] Trust misplaced even among the wariest

ViewpointsJul 27, 2011

Muslim extremists. American heroes. Betrayed confidences. Barren landscapes. It’s the stuff of a summer thriller, but sadly, Joby Warrick’s spellbinding book “The Triple Agent: The al-Qaeda Mole Who Infiltrated the CIA” is a work of nonfiction. And in the end, nine individuals ― including seven CIA operatives ― were killed.Why was a young Jordanian doctor named Humam al-Balawi, who had never been
[Ron Paul] Default and take medicine now, or suffer a more expensive crisis later

ViewpointsJul 27, 2011

Debate over the debt ceiling has reached a fever pitch in recent weeks, with each side trying to outdo the other in a game of political chicken. If you believe some of the things that are being written, the world will come to an end if the U.S. defaults on even the tiniest portion of its debt. In strict terms, the default being discussed will occur if the U.S. fails to meet its debt obligations, t
Morocco plane crash kills 80, no survivors

World NewsJul 27, 2011

RABAT (AFP) ― A military transport plane slammed into a mountainside in bad weather in southern Morocco on Tuesday, killing all 80 people on board, hospital and military sources said.King Mohammed VI announced three days of national mourning following the crash, one of the deadliest in the country’s history.The army said 78 people were killed on the spot after the Hercules C-130 crashed on the edg