The Korea Herald

Jaguar gives special tributes to the legendary E-Type

TransportMar 27, 2011

HAMBURG, Germany (DPA) ― The Jaguar E-Type is arguably one of the most beautiful cars ever built, stunning the motoring world when it was unveiled at the Geneva Motor Show 50 years ago with its sleek aerodynamic form and racing car engine.“It’s impossible to overstate the impact the E-Type had when it was unveiled,” said Jaguar’s current design director Ian Callum at this month’s show in Geneva. H
Hankook Tire starts social contribution project

TransportMar 27, 2011

The country’s largest tire maker Hankook Tire is launching a safety campaign and a social contribution campaign, both of which will run until the end of the year, from Monday. In the safety campaign, the company’s employees will show customers visiting sales outlets tire-related safety tips that are specific to different seasons of the year.In addition, those purchasing selected products ― Ventus
New Audi TT hits local market

TransportMar 27, 2011

Audi Korea launched the new Audi TT on the local market on March 21.The updated TT comes with a turbocharger 2-liter TFSI engine that puts out 211 brake horsepower, up 11 brake horsepower from the previous model. Matched with its 6-speed S-Tronic dual clutch automatic transmission, the vehicle manages 11.3 kilometers per liter of fuel. New Audi TTThe vehicle’s upgraded powertrain allows it to reac
Lamborghini offers first marketing promotion

TransportMar 27, 2011

The local sales operation of Italian supercar Lamborghini is offering registration tax-coverage for the Gallardo models, in its first-ever sales promotion event.With the price of the vehicle rising to almost 400 million won ($360,000) on the Korean market, those purchasing the vehicle while the offer lasts stand to gain as much as 30 million won. The Gallardo lineup consists of LP560-4, LP560-4 Sp
Seoul motor show to reveal Ssangyong, GM Korea’s plans

TransportMar 27, 2011

GM Korea and Ssangyong set for all-out promotion of new brand and visionThe year has yet to enter its fourth month, but 2011 has already been eventful for GM Korea Co. and Ssangyong Motor Co. In January GM Korea began the process of revamping. The company changed its name from GM Daewoo Auto and Technology, and replaced the GM Daewoo brand with that of Chevrolet.While GM Korea sought to sharpen it
Western DIY outlets retreat in China

IndustryMar 27, 2011

At a near-empty B&Q home improvement outlet in Beijing, much of the foot traffic is due to the location of a public toilet next to the entrance ― not the store’s patio furniture or circular saws.It’s a sign of how foreign “do-it-yourself” big-box chains have struggled to attract customers in China, where homeowners have little experience in renovating apartments and prefer to pay low-wage decorators to do it for them.“Do-it-yourself is not popular in China,” Shaun Rein, managing director of Chin
Baidu rises to record in U.S. on report of new products

IndustryMar 27, 2011

Baidu Inc., owner of China’s most popular online search engine, rose to a record in U.S. trading after reports about new services the company is developing. The company said it is testing Web browsing software for personal computers, following a report earlier this week that it is planning to develop a mobile operating system. Sina Corp., which owns the Twitter-like Weibo in China, also jumped to
Global automakers may lose 600,000 vehicles

IndustryMar 27, 2011

Quake halts assembly lines and work at suppliers including paint pigment makerGlobal automakers may lose production of 600,000 vehicles by the end of the month as the earthquake in Japan halts assembly lines and work at suppliers including the maker of a paint pigment. About 320,000 vehicles may have been lost worldwide as of March 24, and manufacturing at plants in North America may be affected w
Fed’s Bullard says ‘pretty good’ U.S. economy may allow early end to QE2

IndustryMar 27, 2011

U.S. Federal Reserve policy makers should review whether to complete a second round of quantitative-easing purchasing due to end in June because of strong U.S. economic data, Federal Reserve Bank of St. Louis President James Bullard said. “The economy is looking pretty good,” Bullard told reporters in Marseille, France, Saturday. “It is still reasonable to review QE2 in the coming meetings, especi
Gov't may scrap plan to build new int'l airport: sources

IndustryMar 27, 2011

The government may have decided to scrap a plan to build a new international airport in the country's southeastern region due to economic considerations, sources in the ruling camp said Sunday. The sources told Yonhap News Agency that a special panel set up to review the two candidate sites for the new airport have decided that it would be better to abandon the expensive building program. "The
S. Korean exporters' sentiment weakens for Q2

Mar 27, 2011

A majority of South Korean exporters remain bullish about their business activity in the second quarter of this year, but they are worried about growing uncertainties like political unrest in the Middle East and North Africa, a poll showed Sunday. The Export Business Survey Index (EBSI) came in at 105.4 for the April-June period, down from 116.3 for the current quarter, according to the Korea
Seoul shares to rise, but Libya, Europe woes may limit gains

Mar 26, 2011

South Korean stocks are forecast to trend higher next week, shrugging off concerns of Japan's March 11 earthquake, but other external uncertainties such as the Libyan unrest and Europe's debt risks may trim gains, analysts said Saturday. Despite the ongoing aftermath of Japan's earthquake, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,054.04 on Friday, up 72.91 points, or 3
Aussie millionaire offers W2.5b for Korean bride

Mar 25, 2011

At least 2,000 women have applied to meet the Australian millionaire who is looking for a Korean wife, marriage consulting agency UVIS said Friday. Among the applicants, women in their 40s make up the majority, the agency added. An Australian millionaire is looking for love and willing to offer more than 2 billion won ($1.7 million) for it, according to a marriage consulting firm.The 80-year-old b
Hyundai Merchant fails to get nod for stock sale limit

IndustryMar 25, 2011

Hyundai Merchant Marine Co., the biggest unit of Korea’s Hyundai Group, surged in Seoul trading after shareholders rejected a proposal to increase the preferred stock sales limit, raising speculation it may become a takeover target. Hyundai Heavy Industries Co., owner of a 23.8 percent stake in Korea’s second-biggest shipping line, and three other companies with holdings voted against the plan at
LG Electronics expanding 3-D TV alliance

IndustryMar 25, 2011

Sharp of Japan latest foreign firm LG is seeking new technology partnership withLG Electronics is bit by bit winning partners from its biggest rival Samsung in a bid to gently, but firmly, nudge the entire television industry to go the “LG Way.”The “LG Way,” in terms of 3-D TVs, happens to be LG’s new technology that involves, to put it simply, placing a sheet of special film on TV panels to reali