Samsung Electronics hired Cho Jun-hyung, a lawyer that defended the group in the independent counsel case over Samsung, as the flagship unit’s executive vice president earlier this month.Samsung Electronics confirmed Cho was employed to assist the company’s vice chairman Choi Gee-sung, according to a Samsung official. However, the official said Cho’s exact role at the company was undetermined at t

A month of 100 won-price cut has little impact and consumer complaints riseRetail fuel prices in Korea are rebounding on high international oil prices, despite refiners’ price cut of 100 won ($0.09) per liter a month ago.The state-run Korea National Oil Corp. attributed this to the rising price of petroleum in the country, predicting that the trend would continue in coming months. The price cut by

Redrover, a Korean brand of optical three-dimensional monitors, is carving out a big chunk of the global 3-D content market, armed with savvy technology and the right ideas. “Our 3-D content is hands-down the best solution out there thanks to a wide selection and sophisticated picture quality that’s bound to make 3-D vision a most pleasurable experience,” said Ha Hoe-jin, CEO of Redrover in an int

Expert says top regulator has bigger responsibility as decision-makerThe Financial Services Commission has remained silent about the recent woes of its executive arm ― the Financial Supervisory Service, which is facing tough public criticism due to irregularities.The irregularities include allegations that several FSS staffers took kickbacks from debt-ridden savings banks and the regulator’s failu

State-run bank focuses on diversifying funding sources by tapping niche marketsFor more than 40 years, the Korea Development Bank has built up a reputation as a core Korean bond issuer in the global capital market.The state-run bank was founded with a mandate to supply and manage major industrial capital to develop Korean industries and the economy.KDB bond has continued to perform a crucial role

(Speaker Park Hee-tae (upper left) presides over the plenary session for the vote on the Korea-EU free trade agreement in the National Assembly on Wednesday. Yang Dong-chul/The Korea Herald)U.S. says images would inflame anti-U.S. sentiment, incite violenceThe free trade agreement with the European Union, ratified by South Korea’s National Assembly on Wednesday after months of rickety proceedings,

Cabin crews from Hong Kong Airlines practise Wing Chun, a concept-based Chinese martial art or Kung Fu, during a lesson in Hong Kong Saturday, April 30, 2011. A Hong Kong airline makes all its cabin crews to take Wing Chun lessons as helping them to build the team spirit and to learn self-defense. (AP-Yonhap News)Hong Kong Airlines cabin crew are attending kung fu lessons to help them handle drunk