The Korea Herald

Microsoft to pay Nokia more than $1b in deal

World BusinessMar 8, 2011

Microsoft Corp. will pay Nokia Oyj more than $1 billion to promote and develop Windows-based handsets as part of their smartphone software agreement, according to two people with knowledge of the terms.Nokia will pay Microsoft a fee for each copy of Windows used in its phones, costs that will be offset as Nokia curtails its own budget for software research and development, said one of the people,
‘China faces 60% risk of bank crisis by 2013’

IndustryMar 8, 2011

China faces a 60 percent risk of a banking crisis by mid-2013 in the aftermath of record lending and surging property prices, according to a Fitch Ratings gauge. Fitch sees the risk of “holes in bank balance sheets” should a property bubble burst, Richard Fox, a London-based senior director, said in a phone interview on March 4. The risk assessment is from a macro-prudential monitor used by the ra
Youngest Korean-American group leader

PeopleMar 8, 2011

Korean-Americans in Howard County, Maryland, have elected the youngest leader of a Korean-American community in the 108-year history of Korean immigration to the U.S.Charley C. Sung, a 36-year-old born in Korea to first generation immigrants, took office March 1 as the sixth president of the Korean-American Community Association of Howard County, Yonhap news agency reported. Charley C. SungIn Janu
Poet Ko Un receives America Award

PeopleMar 8, 2011

Poet Ko Un has been selected as the recipient of the 2011 America Award to be given by the U.S. Contemporary Arts Educational Project, the renowned poet said Monday.The 78-year-old poet said he was notified last month that he had been picked as the award winner. The America Award has been presented annually since 1994 to those who devote their lives to world literature. Ko UnThe previous 17 recipi
Kim Ki-woong to head Korea Economic Daily

PeopleMar 8, 2011

Kim Ki-woong, chief executive officer of Korea Business News, a business news cable TV channel, was named president of the Korea Economic Daily at meetings of the daily’s shareholders and board on Tuesday. Kim Ki-woongThe 59-year-old new president graduated from Hanyang University with a journalism major, and joined the Korea Economic Daily in 1980, where he held various positions including managi
Lim named new Hanyang president

PeopleMar 8, 2011

Lim Duck-ho, a professor of Hanyang University’s College of Economics and Finance, was selected as the university president on Monday.The board of the school foundation said Monday that it picked Lim from two candidates who had passed the first round of screening.He will start his four-year term on March 18. Lim Duck-hoThe new president graduated from the same university’s economics department in
[Editorial] No-fly zone

EditorialMar 8, 2011

The anti-Gadhafi uprising in Libya entered its fourth week and the nation is sliding toward a civil war while the international community can find no effective way of intervening in the situation to stop the violence. The outside world is unable to estimate casualty figures even approximately, as fighting goes on in population centers along the northern coast. All the Western powers and the United
[Editorial] Legislation ruckus

EditorialMar 8, 2011

In the highly confrontational politics in this country, the ruling and opposition parties rarely act in unison over a legislative plan. The almost only exceptions are when bills are proposed to raise the allowances of the members of the National Assembly or to create new positions for legislative aides.Parties were about to make an important entry in the short list of legislations with bipartisan
‘Luxury tax’ on the wealthy will backfire

ViewpointsMar 8, 2011

Always eager for more revenue, the Taiwanese government is now seeking to take from the rich with a proposed new “luxury tax.” Estimated to be capable of generating NT$15 billion ($511 million) a year, the proposed new tax is intended to close the ever-widening wealth gap and curb real property speculation, which has been rampant since Taiwan’s economic fortunes began turning around last year.The
[Laura Ling] North Korea: A nation in the dark

ViewpointsMar 8, 2011

Around the world, authoritarian regimes have tried to keep their citizens from hearing news of the protests raging throughout the Middle East and in their own countries. Some have tried shutting down cellphone and Internet service, but that has only sparked new flames of anger and discontent.Even the Chinese government, which has unleashed the most sophisticated Internet blocking system in the wor
[Lee Jae-min] The Jessup Moot Court Competition

ViewpointsMar 8, 2011

Phillip C. Jessup (1897-1986) was a long time law professor at Columbia University. When World War II ended, he was involved in the drafting process of the U.N. Charter and served as U.S. ambassador to the United Nations. He was then elected as a judge of the International Court of Justice in The Hague and served at the world court between 1961 and 1970.Although he died in 1986, his name has becom
[Hillary Rodham Clinton] Empowering women helps global growth

ViewpointsMar 8, 2011

One of the biggest growth markets in the world may surprise you.You’ve heard about the opportunities opening up in countries like China, regions like Asia and industries like green technology. But one major emerging market hasn’t received the attention it deserves: women.Today, there are more than 200 million women entrepreneurs worldwide. Women earn more than $10 trillion every year, which is exp
[Trudy Rubin] Democracy stands a chance in Mideast

ViewpointsMar 8, 2011

The Internet and the airwaves are clogged with contradictory predictions of what the Mideast upheavals will mean to the region ― and to us.I have conservative readers calling me an idiot for not understanding that the Egyptian revolution is a huge victory for the Islamists, even as Sen. Joe Lieberman, I-Conn., extols the hope for secular democracy in Cairo alongside his buddy, Arizona Republican S
[Kim Seong-kon] How to view U.S. espionage dramas ‘24’ and ‘The Unit’

ViewpointsMar 8, 2011

Young Koreans are huge fans of American espionage and counter-terrorism television dramas. For example, “24,” “The Unit” and “Alias” enjoy immense popularity in Korea. Few young viewers, however, seem aware of the fact that counter-terrorism TV dramas are criticized by American leftist critics as rightwing extremist shows saturated with conservatism and militarism. The critics’ suspicions are not
Orange Ball highlights 50 years of ties

Foreign affairsMar 8, 2011

The Dutch community is planning an event to commemorate the 50th anniversary of the establishment of diplomatic relations between South Korea and the Netherlands.The highlight of the festive program includes a performance by Dutch pop showband “Beethoven.”Besides dinner and dancing, an extra attraction will be an intermezzo in which an example of Korean culture will be presented.In order to boost