The Korea Herald

China's mobile phone users top 850 mln in 2010

IndustryJan 10, 2011

HONG KONG -- The number of mobile phone subscribers in China exceeded 850 million last year as more Chinese people began to consider mobile phones everyday necessities, a government report showed Monday. The net addition of Chinese mobile users reached a record high of more than 100 million in 2010 alone, according to the report from the Chinese Ministry of Industry and Information Technology
W790 coffee touches off price war

IndustryJan 10, 2011

A fresh price war among coffee vendors looms as a domestic franchised shop began to sell its standard product at close to one-fifth the market price last week.Manoffin, owned by popular local pizza franchise Mr. Pizza Corp., offers Hawaiian Kona coffee, one of the most popular brands here, at 790 won ($0.70) per cup. This price is far lower than its peers from Starbucks, Coffee Bean and other bran
Samsung heir supports father’s pledge on change

IndustryJan 10, 2011

LAS VEGAS ― Samsung Electronics’ heir apparent Lee Jae-yong on Friday strongly supported his father Lee Kun-hee’s drive for challenge and change. “(Chairman Lee) is someone who is constantly mounts new challenges,” Lee said from Las Vegas where he was attending the Consumer Electronics Show, the largest electronics tradeshow in the world. “Also, the chairman has DNA that makes it unbearable for hi
Time to get back to basics: LGE chief

IndustryJan 10, 2011

Koo pledges to create ‘tougher work culture’LAS VEGAS ― Koo Bon-joon’s distress over his new charge, LG Electronics, was palpable throughout the brisk speech he delivered on the sidelines of the world’s largest electronics fair. “Our basics have been significantly undermined,” Koo, vice chairman of the company, said at a briefing to the Korean press while attending the Consumer Electronics Show. R
LG Chem technology not leaked in Renault case

IndustryJan 9, 2011

LG Chem Ltd. said on Sunday that its battery technology was not part of information suspected to have been leaked by Renault SA officials. An official at the Korean company said that the three officials at the French carmaker who are accused of leaking Renault's secrets didn't have access to LG Chem's battery technology. "The officials are not involved in the LG Chem-related business and Renault'
Korea battles renewed AI, foot-and-mouth

Jan 9, 2011

Korea confirmed three new cases of bird flu on Sunday as the outbreak that began last month further hits farmers who are also battling the nation’s worst-ever outbreak of foot-and-mouth disease.The Agriculture Ministry confirmed three new cases of the highly contagious virus at duck farms in the southwestern county of Yeongam, bringing the total number of cases to seven since Dec. 31.At least 396,
Tablets crowd CES, chasing iPad’s tail

IndustryJan 9, 2011

Working with high-speed data network may be key to success in the tablet spaceLAS VEGAS (AP) ― Big tablets and small tablets, white ones and black ones. Cheap ones and expensive ones. Brand names famous and obscure are at the starting line of a race where the iPad is already a speeding dot on the horizon.It’s impossible to walk the floor at this year’s International Consumer Electronics Show witho
Fed sees slow return to normal jobless rates

Jan 9, 2011

Bernanke: 4-5 years to reach normal unemployment; $600b support program still neededWASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy Friday but said the Fed’s $600 billion bond-buying program is needed because unemployment will likely stay elevated for up to five more years.Bernanke told the Senate Budget Committee that there’s rising evidence
Internet connectivity is top tech trend: CEA head

IndustryJan 9, 2011

LAS VEGAS ― Internet connectivity in electronic devices was clearly a major theme for this year’s Consumer Electronics Show, according to Gary Shapiro, president and CEO of the Consumer Electronics Association. His organization owns and is responsible for the production of CES, the world’s largest electronics tradeshow held in Las Vegas annually to a bustling crowd of eager buyers. “In terms of tr
Number of credit cards hit record high last year

Jan 9, 2011

The average number of credit cards held by Koreans hit a record high last year thanks to a well-established payment system and improving economic conditions, a report showed Sunday.A total of 114.94 million cards had been issued by the end of the third quarter of last year, according to the report by the Credit Finance Association. Given that the number of economically active people totaled 24.99
New Year deals for Cadillac

TransportJan 9, 2011

GM Korea is offering a number of special deals with the CTS, SRX and STS until the end of the month.For the CTS 3.0, the company is offering a choice between a 2 percent discount and a lease financing program that allows the buyer to pay 65 percent of the vehicle’s price at the end of a 36 month period with 30 percent paid up front. Cadillac SRXFor SRX models, buyers can pick between a zero-intere
Harley Davidson’s ‘Hot Winter’ promotion

TransportJan 9, 2011

Harley Davidson Korea is holding the “Hot Winter” promotion event that offers credits for Harley Davidson accessories, free checkup service and winter clothing until the end of the month.As part of the promotion, the company is offering credits that can be used to buy Harley Davidson parts and accessories to those buying new vehicles before the end of the month.The company is also holding a mileag
Chrysler Korea celebrates 19 years

TransportJan 9, 2011

Chrysler Korea is cutting the price of 300C vehicles by 19 percent during January to mark the brand’s launch here 19 years ago.Chrysler vehicles were first imported to Korea through official channels in 1992, and Chrysler Korea was established in 1996.As part of the celebrations, the company is offering a 19 percent discount on 300C vehicles to those making the purchase in cash.The 300C models ran
Honda lease sales of EV-neo electric scooter

TransportJan 9, 2011

TOKYO (DPA) ― Honda has started delivery of its EV-neo electric scooter to customers in Japan prior to the start of lease sales to businesses in April next year, the carmaker has announced.These first 100 vehicles, which qualify as a first-class motor-driven cycle in Japan for engine displacements of 50cc or less, will be used to collect data and other information for the future development of zer
BMW introduces new car exchange program

TransportJan 9, 2011

BMW Korea is offering a chance to exchange 528i and Gran Tourismo vehicles for other BMW models until the end of the month.The offer is limited to vehicles registered less than 30 days before the date of exchange or to those having traveled less than 3,000 kilometers since their initial purchase.The offer is also limited to vehicles registered during January, and to those purchased on BMW Financia