Korea's national pension fund needs to rigorously exercise its shareholder rights as it is along-term investor with massive assets under management, its headsaid Thursday.Controversy has heated up over whether pension funds should exercise their shareholder rights in the country's family-ownedconglomerates since Kwak Seung-joon, a key presidential aide,brought up the issue last month."Exercising s

Samsung Electronics has received the Best in Show award for its 70-inch “Ultra Definition” 3-D technology at this year’s Display Week 2011, the company said on Thursday. The Society for Display, a leading global organization dedicated to electronic display technology and organizer of the event, announced the selection of Samsung Electronics at Display Week, which is being held in Los Angeles this

Pantech SKY unveiled the world’s first Android-powered smartphone equipped with Qualcomm’s speedy 1.5 gigahertz dual core processor called Vega Racer on Thursday.The company said that its new smartphone with a 4.3-inch display screen would be available in four different colors and serviced by the country’s three telecom suppliers ― SK Telecom, KT Corp. and LG Uplus.“We attempted to upgrade the dua

The Korea Overseas Investment Fair 2011 kicked off Thursday in Seoul to provide Korean companies with comprehensive information on foreign investment, according to the Korea Trade-Investment Promotion Agency, its organizer. In the two-day event at COEX in southern Seoul, officials from 29 countries in Europe, Asia, Africa, the Middle East and Latin America had one-on-one meetings and discussed bus

LS Cable and System, the country’s largest producer of cables and wires, announced Thursday that it has developed a cable for supplying power to airplanes, a first time for Korea. The cable was supplied to Incheon International Airport Corp. According to the company, the new cable is capable of carrying electrical currents of up to 400 hertz frequency, making the new product compatible with electr

NHN Corp., an Internet content service operator, announced Thursday it recorded 517.3 billion won ($4.76 million) in operating revenue and 168.5 billion won in operating profit for the first quarter, both figures profiting from an increase in search advertisements.The company, well-known for its search engine Naver and online game site Hangame, said its operating revenue and operating profit surge

The financial authorities will soon instruct banks to slash their forward trading, as part of government measures to crack down currency speculation by regulating foreign exchange positions.The Ministry of Strategy and Finance and the Bank of Korea said on Thursday that they have decided to order banks dealing with foreign currency trading to reduce the ceiling of forward trading by about 20 perce

Analyst says extended FSC deadlock especially damaging for KEBThe financial regulator’s delay in approving Hana Financial Group’s bid of Korea Exchange Bank is credit negative for both lenders but especially for the lender long been put up for sale, credit rating agency Moody’s said Thursday. “We gave an A2 to KEB because one, their performance was good and two, we expected it to be sold over to H