The Korea Herald

Hyundai, Kia hybrids pack in new features

IndustryApr 28, 2011

At the recent Seoul Motor Show, Hyundai Motor Co. and Kia Motors Corp. each unveiled their first gasoline-electric hybrid vehicles based on their midsized sedan’s Sonata and K5.While the carmakers had introduced hybrid electric vehicles based on the compact cars Avante and Forte powered by a combination of an electric motor and a liquefied natural gas engine, the hybrid Sonata and K5 mark their fi
LG Electronics back on track with smart appliances

IndustryApr 28, 2011

LG Electronics this week posted an operating profit, signaling that the global electronics maker is getting back in the groove with well-paced strategies and cutting-edge technologies.LG Electronics, the world’s second-largest flat-screen television maker and third-largest handset maker, has been avidly making its way up in the smart device industry under the guidance of its CEO Koo Bon-joon to pr
2-year-old prodigy learns everything from iPhone

TechnologyApr 28, 2011

A 2-year-old reportedly memorized massive amount of information from his parents’ iPhone, including all the 44 U.S. presidents in order.Rockford Ramierz from California is able to name all American states and capitals and all the countries in the world, the Daily Mail reported. His reading skill is also way above his peers.The secret of the genius child was iPhone, according to his parents. They s
Korean mobile carriers to release Apple's iPad 2 this week

TechnologyApr 28, 2011

SK Telecom Co. and KT Corp., the two largest mobile carriers in South Korea, said Thursday that they will launch the iPad 2, Apple Inc.'s latest version of its tablet computer, this week in the local market. Models show iPad 2, Apple's latest version of its tablet computer in Seoul, Thursday.(Yonhap)SK Telecom and KT said they will both start selling the iPad 2 tablet computer starting Friday.The
FSS to claw back insider savings bank withdrawals

Apr 28, 2011

The nation’s top financial watchdog said Wednesday that it will retrieve deposits withdrawn improperly at Busan Savings Bank right before the agency suspended its businesses.The Financial Supervisory Service took the action a day after President Lee Myung-bak ordered a thorough probe into allegations that relatives and friends of employees at some savings banks withdrew deposits on the eve their o
Apple denies iPhones store user location

TechnologyApr 27, 2011

NEW YORK (AP) -- Apple Inc. denied Wednesday that iPhones store a record of their users' movements for up to a year and blamed privacy concerns partly on a misunderstanding. A data file publicized by security researchers last week doesn't store users' locations, but a list of Wi-Fi hotspots and cell towers in their general area, the company said. It promised software fixes to address concerns
Korean Air introduces premium in-flight services

IndustryApr 27, 2011

By Cho Ji-hyunKorean Air, the country’s largest air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services.At a press event in Incheon, the company said it will upgrade the in-flight menu for economy seat passengers beginning in June, serving a healthier meal option -- salmon
Chaebol seethe at Seoul’s control drive

Apr 27, 2011

The country’s corporate giants appeared to be inwardly seething over the latest remarks from a presidential aide who said public funds should play a bigger role in promoting corporate governance by more proactively exercising their shareholder rights.Samsung Electronics, which Kwak Seung-jun mentioned as one company that needs to see more of its shareholders taking control, refused to comment, say
Business sentiment up for May

Apr 27, 2011

South Korea’s business sentiment for May rose from a month ago on expectations about solid economic growth at home and abroad, a poll showed Wednesday.The monthly Business Survey Index (BSI) for the upcoming month came in at 104.3, compared with 98.4 a month earlier, according to the Federation of Korean Industries (FKI), the country’s leading business lobby.A reading below 100 means pessimists ou
Ulleung Island in East Sea to be zero-carbon area

Apr 27, 2011

By Choi He-suk Ulleung Island in the East Sea will be established as a zero-carbon island where most energy requirements are met by renewable sources, according to a government plan released Wednesday.As such, the government will draw up comprehensive plans to turn Ulleung Island into a “green island” that surpasses Denmark’s Samso Island in terms of renewable energy uses, the Ministry of Knowledg
Hyundai Heavy’s packaged power stations go online in Japan

IndustryApr 27, 2011

By Choi He-sukThe packaged power stations Hyundai Heavy Industries provided to Tokyo Electric Power Co. began operations Wednesday.Developed by Hyundai Heavy, a packaged power station is a piece of diesel-fueled power generating equipment contained within a 40-feet long container.The world’s largest shipyard sent over four packaged power stations to Japan after TEPCO’s Fukushima Daiichi nuclear po
Controversy to elevate on location-based service bill

Apr 27, 2011

By Cho Ji-hyunThe government has approved a plan to relax the regulations on cellphone location-based services amid rising public calls for better state privacy protection measures.The Cabinet endorsed Tuesday a revised regulation on protection and use of location information, which aims to give more room and flexibility for location-based service operators. According to the bill, service provider
POSCO expands fair trade, shared growth programs

IndustryApr 27, 2011

Industry and goverment officials including POSCO chief executive Chung Joon-yang (fourth from left, front row), Fair Trade Commission Chairman Kim Dong-soo (fifth from left, front row) and head of the Commission on Shared Growth for Large and Small Companies Chung Un-chan (sixth from left, front row) at POSCO’s office in Seoul after the steelmaker and subsidiaries signed an agreement to promote fa
Buying power weakens despite GDP growth

Apr 27, 2011

By Kim Yon-seKorean consumers’ purchasing power has weakened on average even though the economy sustained its pace of growth during the first quarter, a Bank of Korea report showed Wednesday.The central bank said the country saw its growth rate of gross domestic product post 4.2 percent in the first quarter on a year-on-year basis and 1.4 percent on a quarter-to-quarter basis.But the gross domesti
Korean Air introduces premium services

IndustryApr 27, 2011

Korean Air, the country’s top air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services. Heather Cho (fourth from left), senior vice president at Korean Air and DAVI’s chairman Carlo Mondavi (third from left) after featuring a new amenity cosmetic skin care set for business a