The Korea Herald

Cutting-edge gadgets highlight at IFA 2011

IndustrySept 6, 2011

KT, Sony, Toshiba unveil future-oriented wireless gadgets at world trade showBERLIN ― This year’s IFA was highlighted with new and trendy gadgets ranging from a digital gadget that could inter-connect multiple gadgets to electronic devices that spread the use of 3-D.KT Corp., the country’s top fixed
Small car sales rise to year high on economic worries

IndustrySept 5, 2011

Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5 percent of passenger car sales. Small automobiles are d
Hyundai, Intel, C&S to develop mobile entertainment system

IndustrySept 5, 2011

Hyundai Motor Co., the largest carmaker in the country, on Monday agreed with Intel Korea and C&S Technology Ltd. to jointly develop infrastructure needed to deliver new channels of entertainment to drivers.The three plan to put together In-Vehicle Infotainment system enabling drivers to access out-
Amore Pacific eyes W500b ‘mega brands’

IndustrySept 5, 2011

Amore Pacific Corp. on Monday held a ceremony marking the company’s 66th anniversary, renewing its long-term target to nurture “mega brands” with more than 500 billion won ($468 million) in annual sales. “We have succeeded in having brands whose annual sales exceed 100 billion won. And now is the ti
Seoul sets up coordinator for arms exports

IndustrySept 5, 2011

The government on Monday unveiled a new planning body for the country’s growing defense industry to boost exports of military equipment and speed up the regulatory process.South Korea’s defense and economy ministries joined forces to craft the Defense Industry Development Council, which originated f
12 savings banks on close watch list

Sept 5, 2011

FSS warns that the banks may be subject to business suspensionAt least 10 savings banks have been on the close watch list of financial regulators for their poor financial statements, officials said Monday.As a “prior warning” to the industry, the Financial Supervisory Service has reportedly informed
Foreign investors dump W6tr of shares in Aug.

Sept 5, 2011

Foreign investors dumped nearly 6 trillion won ($5.6 billion) worth of South Korean stocks in August amid the first-ever U.S. credit cut rating and continued fears of Europe’s debt crisis, the financial regulator said Monday.Overseas investors sold a net 5.9 trillion won of local equities in August,
AhnLab shares sparkle as founder mulls mayoral bid

IndustrySept 5, 2011

Shares of AhnLab, the country’s best-known internet security solutions provider, jumped by the daily limit of 15 percent for a second day after its founder Ahn Cheoul-soo said he is mulling a mayoral bid.AhnLab shares soared 14.95 percent from Friday’s close as investors flocked to bet on the likeli
Salt prices increase to 30-year record

IndustrySept 5, 2011

Salt prices surged 42.8 percent in August from a year earlier, the highest growth since 1981, government data showed Monday.According to Statistics Korea, salt prices have increased for eight consecutive months this year. In August the prices jumped 13.6 percent from July. Fears over the potential r
FSS seeks insurance globalization

Sept 5, 2011

500 officials in 70 nations to attend global regulatory meetingAbout 500 regulatory officials and CEOs in the insurance industry from 70 nations are set to attend one of the world’s three major financial supervisory meetings, slated for later this month in Korea.The 18th annual conference of the Int
Shinsegae to build mammoth shopping mall

IndustrySept 5, 2011

Shinsegae Group said Monday it will build a multiplex shopping mall in Hanam, Gyeonggi Province, by 2015 in a partnership with a U.S.-based developer Taubman Centers. Located at a 117,000-square-meter site in Hanam, one of Seoul’s satellite cities, Hanam Union Square will be the largest shopping mal
Eyes turn to ‘passive’ 3-D display technology

IndustrySept 5, 2011

Easier, cheaper 3-D glasses to attract greater number of consumersBERLIN ― The launch of 3-D televisions is nothing new to the industry. In fact, the products dominated last year’s global electronics trade show IFA.The industry, however, is eying the future development of passive 3-D technology, als
Aquino performance hampers growth in Philippines

Sept 5, 2011

Administration’s under-spending on infrastructure blamed for slower economic growthLess optimistic than most assessments tracking the slump of Philippine economic growth since President Benigno Aquino took office in July last year, Credit Suisse, the Swiss financial services firm, has downgraded its
Small car sales rise to year high on economic worries

TransportSept 5, 2011

Small car sales rise to year high on economic worries 　Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5
iphone 5 would be thinner and wider

TechnologySept 5, 2011

Rumor has it that Apple’s iPhone 5 will be wider, longer, and thinner than its predecessor.Italian blog MacityNet recently posted set of new photos of iPhone cases and claimed that these cases will fit the next generation of Apple’s smartphones. Case manufacturers become frequent sources for Apple r