The Korea Herald

Overseas energy projects boost big firms

Jul 28, 2013

But prospects in public sector dim as state-run energy firms withdraw projects
[Photo News] Phone DIY

TechnologyJul 28, 2013
Woori chairman urges support for privatization

Jul 28, 2013

Woori Financial Group chairman Lee Soon-woo urged its executives and employees’ full support for the group’s privatization plan.Chairman Lee made the plea during a strategic conference in Ilsan, Gyeonggi Province, on Saturday, attended by about 2,500 employees of Woori Financial Group and its subsidiary firms including Woori Bank.The chairman called for a “successful privatization” of the group through fair market competition, group officials said.The nation’s largest financial holding company w
Authorities push to extend restructuring stimulus period

Jul 28, 2013

State authorities are pushing to give three more years to the government’s stimulus policies for corporate restructuring, financial sources said on Sunday.The existing corporate restructuring stimulus policy, scheduled to be in effect until Dec. 31, 2013, will be extended to the same day of 2016 if the policy proposal is able to gain lawmakers’ approval. The restructuring stimulus act in question, which allows indebted firms to continue business operations over the course of clearing debt, is co
Rising inflation to hit Korea in second half

Jul 28, 2013

Public utility fees expected to increase by more than 10%
Shares expected to rise on eased Q2 earnings woes

Jul 28, 2013

South Korean stocks are expected to trade higher this week on abated concerns over the listed firms’ second-quarter earnings, analysts said.The benchmark Korea Composite Stock Price Index closed at 1,910.81 points on Friday, up 2.2 percent from the previous week.Earlier last week, Seoul shares gathered ground as the pledge by financial leaders of the Group of 20 to support growth boosted investor sentiment.Market watchers earlier expected that local stock market will remain flat this week as Jap
Samsung keeps top spot in N. American TV market

IndustryJul 28, 2013

Samsung Electronics Co., the world’s largest flat-panel TV maker, retained its status as the top seller of TVs in the North American market in the first half of the year, a market research firm said Sunday.In terms of revenue, Samsung Electronics posted a share of 29.4 percent in the North American flat-panel TV Market in the January-June period, according to data by NPD Group.Vizio of the U.S. came in second with a 15.9 percent share, followed by LG Electronics Co. of South Korea with 11.3 perc
Hyundai, Kia sales rise more than 20% in BRICs

IndustryJul 28, 2013

Hyundai Motor Co. and Kia Motors Corp., South Korea’s top two carmakers, saw their sales in the so-called BRICs market soar more than 20 percent on-year in the first half of 2013, data showed Sunday.Hyundai Motor and Kia Motors sold a combined 1.28 million vehicles in Brazil, Russia, India and China in the January-June period, up 22.9 percent from the same period a year earlier, according to the data by Hyundai Motor Group and Shinhan Investment Corp.The figure accounts for 34.8 percent of the t
U.S. panel to visit Korea for Asiana crash probe

Jul 28, 2013

Officials of the United States’ National Transportation Safety Board arrived in Seoul on Sunday to investigate the crash-landing of Asiana Airlines Flight 214 in San Francisco earlier this month that killed three and injured over 180 others.The fact-finding commission will carry out an inspection at Asiana Airlines headquarters, starting from this Monday until August 7, according to the Ministry of Land, Infrastructure and Transport on Sunday.The joint committee is to consist of NTSB officials,
Toyota facing Japan slump

TransportJul 28, 2013

Toyota Motor Corp. is facing a Japan problem. The company, based in Toyota City, Japan, was outsold by General Motors Co. for the first time in six quarters, as deliveries in Japan extended their decline after government incentives for fuel-efficient models expired last year. Toyota and its subsidiaries sold 2.48 million vehicles during the quarter ended June, just shy of the 2.49 million that Detroit-based GM disclosed earlier this month. Japan’s largest automaker sold 8.4 percent fewer vehicle
France blocks Mercedes compact registrations over coolant

TransportJul 28, 2013

Daimler AG, the world’s third-biggest maker of luxury vehicles, is barred from registering its Mercedes-Benz compact models in France because regulators have stopped accepting a coolant fluid used in the vehicles. The Mercedes A- and B-Class as well as the CLA coupe can’t be registered in the country as they use a refrigerant that no longer meets to European Union environmental regulations, the Ministry of Ecology, Development and Energy said in a statement. Daimler said that it plans legal acti
The ultimate Porsche experience

TransportJul 28, 2013

Design★★★★★Interior★★★★★Engine★★★★★Fuel economy★★☆☆☆Cost and A/S★★★☆☆If there ever was a car to die for, it might be a Porsche. Not just any Porsche but the 911 Carrera S, which is easily anyone’s dream car for two (the back seats are off limits in Korea). I won’t go into the stares I received while driving around in this stunning yellow vehicle as I’m having a hard enough time as it is trying to be objective about the Porsche experience. I won’t dwell too much on how it looks, because we all kn
All-new Lincoln MKZ raises bar

TransportJul 28, 2013

Ford’s best-seller allures with style, performance and a lower price-tag
Seoul shares expected to rise on eased Q2 earnings woe

Jul 27, 2013

South Korean stocks are expected to trade higher next week on abated concerns over the listed firms' second-quarter earnings, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,910.81 points on Friday, up 2.2 percent from the previous week. Earlier this week, Seoul shares gathered ground as the pledge by financial leaders of the Group of 20 to support growth boosted investor sentiment. Market watchers earlier expected that local stock market will
Korea to foster rural non-agro business

IndustryJul 26, 2013

Bed and breakfast-type lodging to be allowed to facilitate farm tours