The Korea Herald

First Korean 3-D animation to be released in Canada

IndustryApr 12, 2011

Korea’s first 3-D animation movie “Bolts & Blip” will be released on DVD in Canada later this year, its producer Redrover said.The company signed a copyright deal with Canadian home entertainment group Nelvana last week at MIPTV 2011, the world’s largest entertainment content market in Cannes, France. Set on the moon in 2080, the comedy follows the adventures of two misfit robots, Bolts and Blip.I
‘Asia faces destabilizing capital inflows’

Apr 12, 2011

Credit Suisse regional chief says inflationary pressure won’t continueInflationary pressure from soaring food prices is not likely to continue in Asia but a new round of capital inflows from May could destabilize regional economies, said Osama Abbasi, CEO of Credit Suisse Asia-Pacific.“It is in our view that food price is pretty much capped out. Further acceleration of food price is unlikely,” Abb
Apple to stay ahead in tablet boom: Gartner

IndustryApr 12, 2011
Mobile advertising rises with smartphone use

TechnologyApr 12, 2011

Details of mobile advertising are unveiling as the number of smartphone owners has surpassed the 10 million mark and is expected to reach 20 million by the end of this year.Google Korea is currently considered a leader in mobile advertising business, moving ahead with its global platform, followed by the country’s telecoms ― SK Telecom, LG Uplus and KT ― which all declared to play a role in the ma
Cyworld back in the game with robust profit

IndustryApr 12, 2011

Korea’s SNS pioneer plans to regain lost glory with mobile apps, acornsCyworld, in many ways a Korean pioneer in social networking services, is back with a vengeance this year on the back of robust “acorn” sales and closer collaboration with up-and-coming technology. Acorn ― “dotori” in Korean ― is the unit of virtual money that Cyworld users spend on all sorts of items for decorating and personal
U.S. fast-food chains bet on India to drive growth

IndustryApr 12, 2011
Toyota: Summer car shortage possible

IndustryApr 12, 2011
Fed to stick with low rates, despite oil rise

IndustryApr 12, 2011
Koreans’ overseas spending hits record high

Apr 12, 2011

Koreans’ overseas spending exceeded a record high 20 trillion won ($18.4 billion) in 2010, as more travelers and students abroad took advantage of the strong won, the Bank of Korea said Monday.The country’s nominal overseas spending reached 20.3 trillion won last year, up 15.4 percent from 2009. It is the highest level of annual spending from overseas since 1970 when officials began collecting dat
Criminal probe set for stock trading of Deutsche Bank

Apr 12, 2011

Regulator suspends parts of brokerage unit’s operationsFinancial regulators on Wednesday requested that the prosecution investigate Deutsche Bank AG and its staffers for allegedly manipulating stock prices last November.In addition, they suspended some operations of Deutsche Securities Korea, a brokerage unit of the Germany-based investment bank. The securities firm is banned from selling a certai
[Meet the CEO] Nespresso shapes Korean espresso culture

IndustryApr 12, 2011

Nespresso is confident that booming enthusiasm for coffee among Koreans and the surging popularity of homemade espressos will continue to shore up its brisk sales growth in the market, the chief of Korean operations said.Since the coffee business unit of Swiss food giant Nestle launched its single-serve “coffee capsules” in December 2007, it has led the local portion coffee market which has been e
Kakao Talk looks to overseas expansion

IndustryApr 12, 2011

Popular mobile messenger service breaks threshold of 10 million downloadsKakao, a venture firm that invented the popular mobile messenger app Kakao Talk last year, announced Monday that it will branch out to overseas markets this year with the aim of garnering 100 million downloads.In a press conference celebrating more than 10 million registered Kakao Talk users, its founder Kim Beom-su said the
BOK freezes key rate at 3 pct for April

Apr 12, 2011

BOK freezes key rate at 3 pct for AprilSouth Korea's central bank froze the key interest rate on Tuesday, a sign that it needs more time to assess the impact of a rate hike in March amid lingering economic uncertainties like the fallout from Japan's quake. Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day repo rate, dubbed the base rate, at 3 perce
Builders’ domestic orders tumble in Feb.

IndustryApr 12, 2011

Domestic orders of Korean builders plunged 17 percent in February from a year earlier due to a prolonged slump in the local property market and a drop in orders from the public sector, a trade association said Monday. The local builders’ domestic orders came to 5.09 trillion won ($4.69 billion) in February, compared with 6.15 trillion won tallied a year earlier, the Construction Association of Kor
Quarantine checks on farm imports increase

Apr 12, 2011

Korea’s quarantine inspections of imported farm produce rose 10 percent on-year in the first quarter mainly due to greater local demand for vegetables and fruits, the government said Tuesday.The Ministry for Food, Agriculture, Forestry and Fisheries said import inspections were carried out on 43,793 shipments in the January-March period, compared to 39,746 during the same period a year earlier.“Un