The Korea Herald

Kaspersky tips Android to dominate mobile

IndustryFeb 16, 2011

BARCELONA (AFP) ― Computer security expert Eugene Kaspersky predicted on Tuesday that Google’s Android smartphone operating system will come to dominate the market, reducing Apple and BlackBerry to niche players.Kaspersky, who founded the leading anti-virus firm Kaspersky Lab, said there is only “one company, one operating system which follows Microsoft’s strategy of the 1990s” when its Windows co
Dell quarterly net income more than doubles

IndustryFeb 16, 2011

SEATTLE (AP) ― Personal computer maker Dell Inc. said Tuesday its net income more than doubled in the most recent quarter to handily beat expectations, as businesses spent more on computers, servers and other technology.Dell also issued annual revenue guidance for the current fiscal year that beat Wall Street’s forecast. The results sent Dell’s shares soaring in extended trading after the report w
Buffett to visit Korea in March

IndustryFeb 16, 2011

Warren Buffett will visit South Korea in March to attend the groundbreaking ceremony for TaeguTec Ltd.’s second plant, which will double its production capacity.According to TaeguTec, a Daegu-based firm that specializes in producing tungsten and industrial cutting tools, Buffett will visit the company for the ceremony on March 21. Warren Buffett. BloombergAs he did during his first visit to Korea
Apple unveils iPhone, iPad subscription policy

TechnologyFeb 16, 2011

A Verizon Wireless employee helps a new iPhone user in New York, Thursday, Feb. 10, 2011. (AP-Yonhap News)NEW YORK (AP) _ Apple Inc. announced a subscription system for buying newspapers and magazines on iPhone and iPad applications on Tuesday, making it easier for publishers to mine the popular mobile devices for more revenue.The update announced Tuesday enables publishers to sell subscriptions b
Incheon Airport named world’s best for 6th year

IndustryFeb 16, 2011

Incheon Airport was selected the Best Airport Worldwide for the sixth consecutive year. (Yonhap News)Incheon International Airport was selected the Best Airport Worldwide in Airport Service Quality in 2010 for the sixth consecutive year, beating rivals Changyi Airport of Singapore and Hong Kong International Airport, The Ministry of Land, Transport and Maritime Affairs said Tuesday. It is the firs
Creditors to extend deadline for Daewoo Electronics sale

IndustryFeb 16, 2011

Creditors of Daewoo Electronics Corp. have decided to give two more months to Entekhab Industrial Group to help the Iranian electronics firm finance a deal to buy South Korea's third-largest electronics company, sources said Wednesday. Last November, state-run debt clearer Korea Asset Management Corp. (KAMCO) and other creditors sealed a deal to sell a combined97.5 percent stake in Daewoo Elec
Samsung updates bada mobile platform

IndustryFeb 16, 2011

BARCELONA, Spain (Yonhap) -- Samsung Electronics Co., the world's second-largest maker of mobile phones, said Wednesday that it has released the updated version of bada, the company's proprietary mobile operating system. Samsung added a multitasking feature and mobile payment technology called Near Field Communication (NFC) and voice recognition functions to the second generation of its mobile
S. Korean shipbuilders fall far behind Chinese rivals in Jan.

IndustryFeb 16, 2011

South Korea failed to regain its status as the world's leading shipbuilding nation in January as it lagged behind China in key indicators, data showed on Wednesday. According to London-based market researcher Clarkson Research, South Korean shipbuilders won a combined 356,398 compensated gross tons (CGTs) in new orders last month, while Chinese shipbuildersclinched a total of 1.07 million CTGs
S. Korea's air traffic grows in Jan.

Feb 16, 2011

South Korea's air traffic grew last month from a year earlier as the global economic recovery boosted flight demand, the transportation ministry said Wednesday. South Korean air authorities controlled a total of 41,845 airplanes flying in and out of the country last month, up 8.7 percent from a year earlier, according to the Ministry of Land, Transport and Maritime Affairs. This marked the 19
S. Korean insurers' 2010 net likely to top 6 tln won

Feb 16, 2011

South Korea's life and non-life insurers are expected to post a combined net income of more than 6 trillion won (US$5.3 billion) in fiscal 2010 on strong sales and big players' impressive performances, data showed Wednesday. The combined earnings of the country's 16 life insurers and 15 non-life insurers in the first three quarters of fiscal 2010 totaled 4.54 trillion won, according to the data
S. Korea's jobless rate drops to 3.8 pct in Jan.

Feb 16, 2011

South Korea's jobless rate fell in January from a year earlier as the non-farm private sector expanded recruitment amid the economic recovery, a government report showed Wednesday. The jobless rate was 3.8 percent last month, down from 5 percent from a year earlier, according to the report by Statistics Korea. But it was up from the previous month's 3.5 percent. The number of working people st
Hyundai, Samsung seek alliance

IndustryFeb 15, 2011

Carmaker, electronics company nearing deal to develop ‘smart car’Hyundai Motor Co. and Samsung Electronics seek to collaborate in developing an automobile-smartphone link-up, sources said Tuesday. The largest automobile and electronics firms of Korea may sign a memorandum of understanding as early as next week, they said.The project will enable the built-in table computer on board Hyundai vehicles
Korea aims to be world’s No. 4 fisheries exporter

Feb 15, 2011

Korea aims to become the fourth-largest fisheries exporter in the world by 2020 through better marine resources management and creation of large, globally competitive fishing companies, the government said Tuesday.The Ministry for Food, Agriculture, Forestry and Fisheries said that the country will move to push up exports to $5.5 billion in the target year from around $1.8 billion shipped out in 2
Daum 2010 net nearly quadruples

IndustryFeb 15, 2011

Daum Communications Corp., the operator of Korea’s second-most visited search engine, said Tuesday that its earnings almost quadrupled last year from a year earlier on increased ad-based revenue.Net profit reached 112 billion won ($99.7 million) last year, compared with 31 billion won a year earlier, the company said in a regulatory filing.Sales soared 44 percent on-year to a record 346 billion wo
Korea ranks 5th in global auto production

Feb 15, 2011

Korea retained its status as the world’s fifth-largest automaking nation last year with over 4.2 million vehicles produced, a local industry body said Tuesday.The country’s five automakers produced some 4,272,000 cars in 2010, up 21.6 percent from a year earlier, according to the Korea Automobile Manufacturers Association (KAMA).China, the world’s largest market for automobiles, became the world’s