The Korea Herald

Gender inequality remains prevalent in Korean workplaces

IndustrySept 4, 2011

Women’s standing in Korean society has seen significant improvement over the decades, but inequality remains in the workplace.According to a report by the Organization for Economic Cooperation and Development, while Korea ranks third among member countries in terms of the proportion of women with un
Taiwanese giving thanks with Korean ginseng

IndustrySept 4, 2011

This is the third installment of a series that spotlights Korean products enjoyed by people overseas. ― Ed. Cheng Sheng I, a Taiwanese dealer for Cheong Kwan Jang, the Korean red ginseng brand name solely owned by Korea Ginseng Corp., is currently busy dealing with soaring orders from stores nationw
LG targets 20 percent of global 3-D TV sales

IndustrySept 4, 2011

BERLIN ― An executive of LG Electronics said Sunday that it aims to take 20 percent of global 3-D TV sales by the end of this year.In a press conference with the Korean media on the sidelines of the global trade show IFA 2011, Kwon Hee-won, the company’s TV chief, said it was aiming for more than 20
Six drug makers fined W11b for illegal rebates

IndustrySept 4, 2011

The Fair Trade Commission said Sunday that it has fined five multinational drugmakers and one local firm a total of 11 billion won ($10 million) for illegal rebate activities. The financial and non-financial benefits given in return for prescriptions and drug orders between August 2006 and March 200
Hyundai tops profit ranks in H1

IndustrySept 4, 2011

Hyundai Motor Group’s first half net profit overtook that of Samsung Group for the first time, aided by rising automobile sales and difficulties faced by Japanese carmakers, data showed Sunday.According to the Korea Exchange and the Korea Listed Companies Association, the combined net profit of Hyun
Kakao Talk set to embrace social games

TechnologySept 4, 2011

Kakao Talk, the country’s most popular messenger app for smartphones, is to team up with a game developer in a bid to open up a fresh revenue channel amid heightened industry-wide interest in such messenger apps. Kakao Talk has been widely adopted by users of Apple’s iPhone and Android-based smartph
Samsung dominates handset market in Aug.

IndustrySept 4, 2011

Samsung Electronics, the country’s biggest mobile handset maker, said on Sunday its domestic market share reached nearly 60 percent in August on the back of stronger demand for its smartphone models led by Galaxy S2.Samsung projected that a total of 2.13 million mobile handsets were sold last month,
Samsung puts new Galaxy Tab on hold as Apple pulls court order

TechnologySept 4, 2011

Samsung Electronics Co. is halting promotion of its latest tablet computer in Germany after Apple Inc. won a second injunction blocking Galaxy Tab sales there as one of the world’s largest electronics shows gets under way. Samsung, Apple’s closest rival in tablet computers, pulled the just-unveiled
Korea’s growth on rocky road

Sept 4, 2011

Foreign investment banks revise down country’s economic growth projectionsForeign investment banks have revised down their economic growth predictions for South Korea, reflecting worsening external factors such as continuing U.S. and European debt woes that could damage the country’s export-driven e
Ferrari approached for listing on Hong Kong stock exchange

TransportSept 4, 2011
Can electric cars win in the mass market?

TransportSept 4, 2011

CHICAGO (AFP) ― It’s not every day that a U.S. governor accepts an invitation to the launch of a Japanese-built car, but Nissan’s all-electric Leaf offers environmental credentials that top any nationalistic concerns. “Illinois is laying the groundwork for electric vehicles and a more green economy,
BMW draws growing complaints in Korea

TransportSept 4, 2011

A growing number of Korean drivers have complaints about BMW vehicles even as the carmaker is securing the No. 1 position in sales among foreign automakers in the local market.According to the Korea Consumer Agency, BMW Korea saw its sales come to 17,072 units for the first seven months of the year,
Handbags beat loans as Hermes overtakes SocGen

IndustrySept 4, 2011

If only French banks had the allure of a Parisian maker of $8,000 handbags.The chart of the day shows how Hermes International SCA, maker of Birkin bags and the best performer this year in France’s SBF-120 Index, has overtaken Societe Generale SA, the country’s second-biggest bank, by market value.
S. Korean economic growth to slow to 4.1 pct this year: think tank

Sept 4, 2011

SEOUL, Sept. 4 (Yonhap) -- South Korea's state-run think tank on Sunday revised down its 2011 growth project for the local economy to 4.1 percent, saying that the global economic slowdown will likely hurt the country's exports.The revised estimate of Asia's fourth-largest economy is compared with a
China's workers most likely to call in "sick": survey

IndustrySept 3, 2011