The Korea Herald

SK to hire 2,100 workers in second half

IndustrySept 1, 2011

SK Group plans to scout for 2,100 young and experienced talents in the latter half of the year, the country’s third-largest conglomerate said Thursday.With another 2,900 already hired in the first half, the figure will be added to mark a record number of 5,000 new employees for the year, up nearly 4
POSCO sponsors second multicultural wedding

IndustrySept 1, 2011

Six multicultural couples with financial difficulties were married in a joint ceremony sponsored by the steelmaker and Gangnam-gu office on Thursday.The couples were selected from the 1,010 multicultural families living in Gangnam-gu who are married but have not been able to hold a wedding ceremony
[Herald Interview] Thai convention and exhibition gateway to business in region

Sept 1, 2011

Thailand Convention and Exhibition Bureau organized a road show in the Seoul and Busan this week to promote the country’s trade shows as a preferred business platform in Southeast Asia.To make it more attractive, the TCEB has put in place supporting policies for Korean businesses attending such trad
Loan delinquency rate reaches 11-month high

Sept 1, 2011

Price hikes weaken households’ ability to pay debts in JulyCommercial banks saw the ratio of overdue household loans reach the highest level in 11 months in July, despite financial regulators’ countermeasures to curb lending growth.The delinquency rate in banks’ household loans posted 0.77 percent i
SaKong to discuss Chinese economy in Beijing

IndustrySept 1, 2011

SaKong IlSaKong Il, head of the Korea International Trade Association, plans to discuss the Chinese economy at a forum in Beijing this weekend, the trade agency said Thursday.About 60 economists and experts around the world will take part in the High-level China 2030 Conference on Saturday hosted by
Kim Gi-ho becomes new CEO of Yes24

IndustrySept 1, 2011

Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I
Rents in Myeong-dong 9th highest in the world

IndustrySept 1, 2011

Seoul’s Myeong-dong was ranked the world’s ninth most expensive shopping district in terms of annual rent, slipping one place from 2010, a report showed Thursday. A Myeong-dong street in downtown Seoul. (Park Hyun-koo/The Korea Herald)According to a report compiled by the real estate services provid
New iPhone iteration lost in a bar: CNET

IndustrySept 1, 2011

SAN FRANCISCO (AFP) -- Technology news website CNET on Wednesday reported that a new version of Apple’s coveted iPhone went astray in a bar in a replay of an embarrassing loss that took place last year. In this June 7, 2010 file photo, Apple CEO Steve Jobs,then, holds the new iPhone 4 during the App
S. Korea's consumer prices grow fastest in 3 yrs in Aug

Sept 1, 2011

South Korea's consumer prices grew at the fastest pace in three years in August, raising concerns that inflationary pressure is building up despite the government's anti-inflation efforts, a report showed Thursday.According to the report by Statistics Korea, the country's consumer price index rose 5
Conglomerates raise recruitment, investment plans

IndustryAug 31, 2011

Local conglomerates will hire a record number of new employees and increase investments this year, the Federation of Korean Industries said Wednesday.At a meeting in Seoul with President Lee Myung-bak on shared-growth, the FKI said the country’s 30 largest conglomerates have plans to hire 124,000 ne
Household debt keeps rising

Aug 31, 2011

Household loans extended by South Korea’s financial institutions are set to jump by more than 5 trillion won ($4.66 billion) in August, an unusually high figure for a month of slow home debt, data showed Wednesday.Financial authorities said household debt between Aug. 1-26 already reached 4.9 trilli
Samsung promises early payments to suppliers

IndustryAug 31, 2011

Samsung Group said Wednesday it plans to pay its bills worth 1.14 trillion won ($1.07 billion) early to its subcontractors ahead of one of the country’s biggest holidays.The announcement came as the group unveiled a plan to boost domestic consumption and help workers prepare smoothly for Chuseok on
More Koreans buy luxury products

IndustryAug 31, 2011

Korea’s high-end product markets expected to grow further in next 5 yearsKorean consumers’ love for luxury goods may have exceeded that of the Japanese, research found Wednesday.Koreans consumed 5 percent of their per capita income on high-end products, compared to 4 percent of the Japanese, accordi
GM Korea vows to attain double-digit market share

TransportAug 31, 2011

GM Korea has resolved to secure more than 10 percent of the local market on a yearly basis, unveiling its plan to launch new models of the Chevrolet series. Mike Arcamone, president and CEO of General Motors’ local unit, stressed that the automaker could see “double-digit market share” in Korea at t
NTS investigates 38 cases of offshore tax evasion

Aug 31, 2011

The National Tax Service said Wednesday that it is investigating 38 people suspected of stashing personal wealth abroad for tax evasion. The large-scale probe came after the taxation agency for the first time in June had asked some 2,000 individuals to voluntarily report their overseas assets worth