The Korea Herald

Ministry hints at Gimhae airport alternative

Mar 27, 2011

Decision on new international airport to be unveiled Wednesday, Busan, Miryang also in the runningThe government is poised to decide Wednesday whether a new international airport will be built in Busan or Miryang, South Gyeongsang Province.Yet it is still uncertain whether the Ministry of Land, Transportation and Maritime Affairs will choose between the two cities or select an alternative, such as
SK head spurs resources development in Middle East

IndustryMar 27, 2011

SK Group chairman Chey Tae-won has launched a business trip to countries in the Middle East including Saudi Arabia and Kuwait in a bid to boost his company’s resources development. During his trip from March 24-April 4, Chey is to discuss ways to bolster cooperation with the region’s leading oil firms including Saudi Arabia’s state-owned Aramco, Saudi Basic Industries Corp., and Kuwait Petroleum C
Korea moves to contain bird flu

Mar 27, 2011

South Korea is moving to stem future cases of bird flu as foot-and-mouth disease outbreaks have been largely put under control, the government said Sunday.The farm ministry said it currently maintains poultry movement restrictions in 14 rural cities and counties across the country after quarantine authorities had to cull 6.27 million birds on 269 farms since Dec. 29, when the first case of bird fl
Lotte balks at Homeplus chicken jibe

IndustryMar 27, 2011

Retailer considers action against rival over using comparative advertisingTwo of Korea’s biggest supermarket chains are at loggerheads over advertisements for super-cheap chicken.Homeplus, the country’s second-biggest supermarket chain, began selling raw chicken for as low as 1,000 won ($0.89) Thursday. Securing a total of 200,000 raw chickens, its 122 branches nationwide are selling up to 250 chi
Jaguar gives special tributes to the legendary E-Type

TransportMar 27, 2011

HAMBURG, Germany (DPA) ― The Jaguar E-Type is arguably one of the most beautiful cars ever built, stunning the motoring world when it was unveiled at the Geneva Motor Show 50 years ago with its sleek aerodynamic form and racing car engine.“It’s impossible to overstate the impact the E-Type had when it was unveiled,” said Jaguar’s current design director Ian Callum at this month’s show in Geneva. H
Hankook Tire starts social contribution project

TransportMar 27, 2011

The country’s largest tire maker Hankook Tire is launching a safety campaign and a social contribution campaign, both of which will run until the end of the year, from Monday. In the safety campaign, the company’s employees will show customers visiting sales outlets tire-related safety tips that are specific to different seasons of the year.In addition, those purchasing selected products ― Ventus
New Audi TT hits local market

TransportMar 27, 2011

Audi Korea launched the new Audi TT on the local market on March 21.The updated TT comes with a turbocharger 2-liter TFSI engine that puts out 211 brake horsepower, up 11 brake horsepower from the previous model. Matched with its 6-speed S-Tronic dual clutch automatic transmission, the vehicle manages 11.3 kilometers per liter of fuel. New Audi TTThe vehicle’s upgraded powertrain allows it to reac
Lamborghini offers first marketing promotion

TransportMar 27, 2011

The local sales operation of Italian supercar Lamborghini is offering registration tax-coverage for the Gallardo models, in its first-ever sales promotion event.With the price of the vehicle rising to almost 400 million won ($360,000) on the Korean market, those purchasing the vehicle while the offer lasts stand to gain as much as 30 million won. The Gallardo lineup consists of LP560-4, LP560-4 Sp
Seoul motor show to reveal Ssangyong, GM Korea’s plans

TransportMar 27, 2011

GM Korea and Ssangyong set for all-out promotion of new brand and visionThe year has yet to enter its fourth month, but 2011 has already been eventful for GM Korea Co. and Ssangyong Motor Co. In January GM Korea began the process of revamping. The company changed its name from GM Daewoo Auto and Technology, and replaced the GM Daewoo brand with that of Chevrolet.While GM Korea sought to sharpen it
Western DIY outlets retreat in China

IndustryMar 27, 2011

At a near-empty B&Q home improvement outlet in Beijing, much of the foot traffic is due to the location of a public toilet next to the entrance ― not the store’s patio furniture or circular saws.It’s a sign of how foreign “do-it-yourself” big-box chains have struggled to attract customers in China, where homeowners have little experience in renovating apartments and prefer to pay low-wage decorators to do it for them.“Do-it-yourself is not popular in China,” Shaun Rein, managing director of Chin
Baidu rises to record in U.S. on report of new products

IndustryMar 27, 2011

Baidu Inc., owner of China’s most popular online search engine, rose to a record in U.S. trading after reports about new services the company is developing. The company said it is testing Web browsing software for personal computers, following a report earlier this week that it is planning to develop a mobile operating system. Sina Corp., which owns the Twitter-like Weibo in China, also jumped to
Global automakers may lose 600,000 vehicles

IndustryMar 27, 2011

Quake halts assembly lines and work at suppliers including paint pigment makerGlobal automakers may lose production of 600,000 vehicles by the end of the month as the earthquake in Japan halts assembly lines and work at suppliers including the maker of a paint pigment. About 320,000 vehicles may have been lost worldwide as of March 24, and manufacturing at plants in North America may be affected w
Fed’s Bullard says ‘pretty good’ U.S. economy may allow early end to QE2

IndustryMar 27, 2011

U.S. Federal Reserve policy makers should review whether to complete a second round of quantitative-easing purchasing due to end in June because of strong U.S. economic data, Federal Reserve Bank of St. Louis President James Bullard said. “The economy is looking pretty good,” Bullard told reporters in Marseille, France, Saturday. “It is still reasonable to review QE2 in the coming meetings, especi
Chung to head Academy of Korean Studies

PeopleMar 27, 2011

Former presidential chief of staff Chung Jung-kil has been nominated as president of the Academy of Korean Studies.The academy board said Friday that it selected Chung as the successor to Kim Jung-bae, who will retire on April 20. The new president should be approved by the minister of education, science and technology before taking office. Chung Jung-kilThe 69-year-old Chung earned his undergradu
Graffiti artist puts tagging behind him

PeopleMar 27, 2011

LOS ANGELES ― For years Cristian Gheorghiu craved the thrill of the chase. Spray-paint can in hand, he lived on the edge, always a step ahead of the law. His canvas was L.A.’s lampposts, brick walls and concrete riverbeds where he scrawled ragged images and his own nickname, “Smear” ― probably thousands of times. The graffiti made him a subculture sensation. But just as the East Hollywood graffiti