The Korea Herald

Kia may overtake Hyundai at home

TransportOct 2, 2011

Automaker to launch K9, K3, TAM to expand local market sharesKia Motors Corp. has been in close competition with its affiliate Hyundai Motor Co. in domestic sales, narrowing the gap between them in market share.Hyundai Motor Group is focusing on the possibility that Kia will catch up with Hyundai wi
‘Why’ is designer’s most critical question: Bangle

IndustryOct 2, 2011

World-renowned designer calls work with Samsung inspiring and challengingFollowing is the sixth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed. An upcoming visit by visionary designer Chris B
Earnings forecast for listed firms worsens on global woes

Oct 2, 2011

SEOUL, Oct. 2 (Yonhap) -- The outlook for listed companies' 2012 earnings is rapidly taking a turn for the worse as the global financial crisis is feared to dent their performances, a report showed Sunday.At the end of last month, local securities companies put the combined operating profit of 65 ma
National debt expected to rise by over 25 tln won in 2012

Oct 2, 2011

SEOUL, Oct. 2 (Yonhap) -- South Korea's national debt is likely to rise by more than 25 trillion won (US$21.1 billion) in 2012 from this year due to an increase in state bond issues, a government report showed Sunday.According to the report by the finance ministry, the country's national debt is est
S. Korea signs anti-counterfeiting agreement

Oct 2, 2011

SEOUL, Oct. 1 (Yonhap) -- South Korea on Saturday joined a multilateral accord aimed at combating counterfeiting and piracy of intellectual properties, Seoul's trade ministry said.A group of 11 parties have been in negotiations over the agreement, but eight countries, including Japan, the U.S., Sing
Korean stocks to lose ground on U.S. woes next week

Oct 1, 2011

South Korean shares will likely lose ground next week despite growing hopes of a solution for the European debt crisis as concerns over a U.S. economic slowdown will cause downward pressure, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,769.65 on Friday,
Korea's trade surplus shrinks to $1.44 bln in Sept.

Oct 1, 2011

South Korea's trade surplus shrank significantly from a year earlier in September as imports grew faster than exports, the government said Saturday.The country's trade surplus reached US$1.44 billion last month, down from $4.41 billion in the same period last year, according to the Ministry of Knowl
Industrial output shrinks for second month in Aug.

Sept 30, 2011

South Korea’s industrial output shrank for the second straight month in August amid growing uncertainties surrounding global market situations, a government report showed Friday.According to the report by Statistics Korea, production in the mining and manufacturing industries fell 1.9 percent last m
Hyundai Motor names Kim as new president

TransportSept 30, 2011

Kim Choong-hoHyundai Motor president and co-CEO Yang Seung-suk has resigned for personal reasons and Kim Choong-ho, chief of domestic sales, will take over as new head of the automaker, the company said on Friday.Kim, 60, will be in charge of domestic sales, marketing and business strategy, part of
[URGENT] Hyundai Motor president resigns

TransportSept 30, 2011

Hyundai Motor president and co-CEO Yang Seung-suk has resigned for personal reasons and Kim Choong-ho, chief of domestic sales, will take over as new president for the automaker group, the company said on Friday.Kim Choong-hoKim, 60, will be in charge of domestic sales, marketing and business strate
Samsung Electronics may post 3.5 trillion won in profit for Q3

TechnologySept 30, 2011

Samsung Electronics, Asia’s largest technology company, pulled off record earnings last year, but its revenue and operating income for 2011 might underperform heightened expectations, analysts said on Friday.Samsung posted an operating profit of 17.3 trillion won ($14.7 billion) on revenue of 154.6
Korea to monitor prices of products influenced by forex

Sept 30, 2011

South Korea will closely monitor products whose prices could be influenced by currency exchange rates as part of its efforts to bring the nation’s runaway inflation under control, the top economic policymaker said Friday.The remarks by Finance Minister Bahk Jae-wan came amid worries that the won’s r
Sempio to unveil soy sauce cotton candy

IndustrySept 30, 2011

Local condiment maker Sempio Foods Co. said Friday it would unveil its soy sauce cotton candy on Sunday. In Japan, ice cream and candies that use soy sauce have already been enjoyed. But it is the first time in the world that cotton candy has been made of soy sauce, the company said. Based on the id
FTC, retailers in discord over shared growth

IndustrySept 30, 2011

Major department stores on Friday expressed concerns about antitrust authorities’ inspections into their shared-growth efforts with smaller businesses that could start as early as on Oct. 4. Early last month, the Fair Trade Commission reached an agreement with 12 department stores, supermarket chain
Humidifier sterilizer alert issued

IndustrySept 30, 2011

The Korea Consumer Agency on Friday urged Koreans to refrain from using humidifier sterilizers, which have been blamed for mysterious deaths of five infants and a pregnant woman. The Korea Centers for Disease Control and Prevention is looking into 28 cases of lung disease with an unidentified cause