The Korea Herald

Listed firms change CEO every 31 months: data

May 29, 2011

The average term of a chief executive officer at listed firms was 31 months, data showed on Sunday.It was also found that a single firm reseated its CEO an average of 3.7 times over the past 10 years, according to data released by Chaebul.com, a website that provides information on the country’s conglomerates. The survey was conducted on 992 listed firms.A firm that changed its chief executive in
More foreigners take insurance

May 29, 2011

Top Korean firms see surge in foreign customers here The loan default rate of KoreanThe number of foreigners subscribed to insurance in Korea last year doubled from 2005, mainly due to relaxed application procedures and the rising number of international marriages, industry sources said Sunday.The number of foreigners who have subscribed to insurance offered by the country’s top three insurance fi
Lamborghini to launch new ‘everyday’ model

TransportMay 29, 2011
Volkswagen sees new U.S. plant as key to topping Toyota Motor

TransportMay 29, 2011
India’s Tata Motors reports flourishing profits, led by JLR

TransportMay 29, 2011

MUMBAI (AFP) ― India’s top vehicle maker Tata Motors on Thursday reported a nearly fourfold increase in annual profit, boosted by booming sales and strong demand for British brands Jaguar and Land Rover.Net profit was 92.7 billion rupees ($2.04 billion) for the year to the end of March 2011, up from 25.7 billion rupees in the previous year, the company said in a statement to the Bombay Stock Excha
Jaguar draws customers with unique designs

TransportMay 29, 2011

Jaguar is targeting the Korean market by launching modern sedans and increasing the number of showrooms in major cities here.Its unique and beautiful designs are attracting Korean customers, especially people who want to buy a different type of car.“Many owners of BMW or Mercedes-Benz have replaced their cars with Jaguar models,” a Jaguar-Land Rover Korea spokesman said.“While vehicles of German o
Korea, Germany vie to be world’s No. 4 carmaker

TransportMay 29, 2011

Seoul is projected to capture 11% of the world’s auto production market within four yearsKorea has been striving to become one of the world’s four largest automakers, though the nation ranked fifth for six consecutive years between 2005 and 2010.Though Korea grabbed fourth place in the global auto manufacturing ranking in 1997, it suffered difficulties in the wake of the 1997-98 financial crisis.N
Coffee drinkers won’t get break on higher prices

IndustryMay 29, 2011

Colombia, the second-largest producer of mild arabica coffee bought by companies such as Starbucks Corp. and Nestle SA, said consumers will have to get used to higher prices because of rising demand and reduced supply. Production next year will fall short of consumption, keeping the cost of arabica coffee in a range of $2 to $3 a pound for the next 12 months, according to Colombian National Coffee
Biden hails U.S. auto industry rebound

IndustryMay 29, 2011
Japan, EU to start trade talks

World BusinessMay 29, 2011

BRUSSELS (AP) ― Japan and the European Union agreed at a summit meeting Saturday to begin negotiations on a free trade agreement that would deepen economic ties between two of the world’s largest economies. As a bloc, the EU is the world’s largest economy; Japan is number four.Negotiations will be preceded by what the leaders called a “scoping exercise” to ensure that both sides share the same goa
Culture clash dents Brazil push

World BusinessMay 29, 2011

China eyes huge economic, business gains in S. American nationSAO PAULO (AP) ― Stocking shelves in a Chinese grocery store, Thiago warned that he didn’t want to be caught chatting during working hours. Within seconds, however, the Brazilian unleashed a pent-up flood of complaints about the owners, who lingered just beyond hearing distance.“My bosses have never heard of a day off,” said the 20-year
After cataract surgery, Margarito is on track to fight again

PeopleMay 29, 2011

LOS ANGELES ― Boxer Antonio Margarito has undergone cataract surgery to repair what was considered a career-threatening injury to his right eye that he suffered in a lopsided loss to Manny Pacquiao in November.Margarito’s promoter Bob Arum, concerned about the fighter’s future before the May 19 operation, now says a “miracle” turn of events will allow the ex-welterweight champion to return to spar
Jennifer Yuh Nelson breaks new ground with ‘Kung Fu Panda 2’

PeopleMay 29, 2011

LOS ANGELES ― Jennifer Yuh Nelson, the director of the new animated film “Kung Fu Panda 2,” might have been destined for a career in pictures. After immigrating to the United States from South Korea with her parents and two sisters when she was 4, Nelson spent her childhood in Lakewood, Calif., watching martial arts movies, playing with cars and drawing.As a young girl, she would sit at the kitche
Red, crystals: must-haves for brides in fall, winter

PeopleMay 29, 2011

For those dreaming of a perfect and unforgettable wedding this fall or winter, consider classic red and sparkling crystals, says a star wedding planner in the U.S.“The color for late 2011 and 2012 is definitely going to be red. Red is glamorous, classic and very stylish,” David Tutera, a celebrity wedding and event planner in the U.S., said in an email interview with The Korea Herald.Brides can al
Hyun Bin, Lee Byung-hun win Paeksang awards

PeopleMay 29, 2011

Actors Hyun Bin and Lee Byung-hun won the top prize at the 2011 Paeksang Arts Awards on Thursday at Kyung Hee University in Hoegi-dong, eastern Seoul. Heartthrob Hyun was awarded the grand prize in the TV category for his role in the hit SBS TV series “Secret Garden.” Hyun became one of the nation’s most popular actors after he played the main character, an obnoxious but cute department store owne