The Korea Herald

Samsung Electronics expected to unveil new tablet

IndustryAug 24, 2011

By Kim Ji-hyunSamsung Electronics is expected to roll out a tablet PC running on a Microsoft operating system at a global electronics trade show scheduled to open in Germany next month, industry sources said on Wednesday.The new tablet is reportedly the brainchild of the company’s IT solution busine
Homeplus ‘virtual store’ to open in subway station

IndustryAug 24, 2011

By Lee Ji-yoonHomeplus, a local supermarket chain, said Wednesday it will open a “virtual store” in a subway station in southern Seoul so that customers can buy products without visiting an outlet. The virtual store will start operation from Thursday at Seonreung Station in Yeoksam-dong. According t
POSCO puts UV-coating to commercial production

IndustryAug 24, 2011

By Choi He-suk POSCO began mass producing steel plates coated using ultraviolet rays on Wednesday, becoming the world’s first steelmaker to use the method on commercial scale. Named POSCOTE-UV, short for POSCO smart coating technology-ultraviolet, is more resistant to scratches and its surface is br
FSS to warn Hyundai Capital, Nonghyup

Aug 24, 2011

By Kim Yon-seRegulatory sanctions against Hyundai Capital and the National Agricultural Cooperative Federation, or Nonghyup, are imminent, officials of the Financial Supervisory Service said Wednesday.The two financial companies have come under intensive regulatory investigations for incurring a cri
‘Little chance of Korean rating cut’

Aug 24, 2011

By Cynthia J. Kim and news reports Korea’s Finance Minister Bahk Jae-wan on Wednesday dismissed concerns over a possible cut in South Korea’s sovereign credit rating.“There is little chance that our nation’s ratings will be lowered,” Yonhap news agency quoted Bahk as telling reporters after attendin
KEPCO leads the way for shared-growth

IndustryAug 24, 2011

The country’s main electricity supplier Korea Electric Power Corp., which marked its 50th anniversary this year, is renewing its efforts to become a socially responsible company.In addition to drawing up plans for becoming one of the world’s top five energy and engineering firms by 2020, the c
Korean builders brace for post-Gadhafi boom

Aug 24, 2011

Korean engineering and construction firms are ratcheting up their ambitions in Libya as the waning days of a six-month civil war signal new business opportunities in the North African country. Colonel Moammar Gadhafi’s fate remains uncertain and rebel forces face a long slog to stabilize the country
Scientists identify origin of current cholera pandemic

BusinessAug 24, 2011

A team of scientists has successfully identified the original source of the current global cholera pandemic, a finding that could help scientists understand the mechanisms behind the spread of the disease, the Seoul-based International Vaccine Institute (IVI) said Thursday.By analyzing the genomes o
Greenpeace finds toxic chemicals in branded clothing

IndustryAug 24, 2011

BEIJING (AFP) - Traces of toxic chemicals harmful to the environment and to human health have been detected in products made by 14 top clothing manufacturers, Greenpeace said Tuesday.Samples of clothing from top brands including Adidas, Uniqlo, Calvin Klein, H&M, Abercrombie & Fitch, Lacoste, Conver
Report says Sprint to get iPhone in October

TechnologyAug 24, 2011

NEW YORK (AP) — Sprint Nextel Corp., the country's third-largest cellphone company, will start selling the iPhone in mid-October, The Wall Street Journal said Tuesday.Citing unnamed people familiar with the matter, the newspaper said the wireless company will get to sell both the new iPhone 5
Japan Credit Rating Cut to Aa3 by Moody's

Aug 24, 2011

Japan’s sovereign-credit rating was lowered by Moody’s Investors Service, which cited “weak” prospects for economic growth that will make it difficult for the government to rein in the world’s largest public debt burden. Moody’s lowered the grade by one step to Aa3, with a stable outlook, it said in
Korea bans citizens from traveling to Syria

BusinessAug 23, 2011

South Korea on Tuesday banned its citizens from traveling to Syria amid deepening conflict between protesters and government forces in the country, the foreign ministry said.The travel ban will go into effect next Tuesday and will be in place for six months, according to the ministry. Those who do n
Korea’s external debt hits fresh high of $398 billion

Aug 23, 2011

Korea’s external debt hit a fresh high of $398 billion as of the end of June on steady inflow of foreign capital on bonds, the Bank of Korea said Tuesday.The growth of short-term foreign debt, considered more volatile to external shocks, grew $1.3 billion to $149.7 billion in the three months. Overs
With sense of crisis, Korea braces for software war

IndustryAug 23, 2011

Korea’s information technology industry is facing crisis after enjoying a top spot for about 20 years with the government only stressing hardware and thinking less of software.Following recent mergers of global firms, such as Google’s acquisition of Motorola and Hewlett-Packard’s takeover of Autonom
Samsung’s Lee stresses role of female executives

IndustryAug 23, 2011

Samsung Electronics chairman Lee Kun-hee on Tuesday said women must be encouraged to become corporate CEOs when he lunched with a handful of the group’s female executives.“Women whose careers end before having a chance to become a CEO may not have fully exerted their potential,” Lee was quoted as sa