The Korea Herald

Merck Korea opens new R&D laboratory on OLED

Oct 9, 2011

Merck Ltd. Korea said on Sunday that its new Application Development Laboratory has gone into operation at the Advanced Technology Center in Poseung, Pyeongtaek in southwestern Gyeonggi Province. The multinational company started the operation after holding an opening ceremony for the laboratory, bu
KRX holds investor session in Hong Kong for Korean firms

Oct 9, 2011

HONG KONG ― The KOSDAQ Global Investors Conference took place at Shangri-La Hotel on Friday, offering a venue for an investment relations session for 12 South Korean companies traded on the tech-heavy KOSDAQ. The first-ever IR conference for the leading firms listed on the secondary stock market was
Korea seeks to export river restoration technology

Oct 9, 2011

Four-river restoration project opponents changing their tune after seeing improvements: ShimFor the last three years, the Lee Myung-bak government has been struggling to convince its own people of the worthiness of its multi-billion-dollar project to modify the country’s four largest river basins. B
Major KOSDAQ firms meet up with foreign investors

Oct 8, 2011

SINGAPORE -- The recent rout in the global financial market has amplified, among other things, the high volatility of the tech-heavy KOSDAQ stock market in South Korea, with many of its small and midsize firms’ shares varying wildly. Benjamin Ng, managing director of Whitefield Capital Manageme
S. Korea's CDS premium jumps most in 32 months

Oct 7, 2011

SEOUL, Oct. 7 (Yonhap) -- The cost of insuring South Korea's sovereign debt against default climbed the most in 32 months, growing two times faster than that of eurozone countries, data showed Friday.The credit default swap (CDS) premium on South Korea's foreign currency bonds with five-year maturit
Artists talk how their designs changed the world

Oct 6, 2011

The third session of Herald Design Forum 2011, “Culture and Design,” kicked off with a keynote speech by Chung Joon-mo, curator and general director of the Cheongju International Craft Biennale 2011. He discussed the roles of curators and critics, and the role of art museums, galleries and exhibitio
U.S. picks up pace on FTA ratification

Oct 6, 2011

The Korea-U.S. Free Trade Agreement could receive approval from the U.S. Senate as early as next week, Deputy Minister of Trade for FTA Choi Seok-young said Thursday. “The House Ways and Means Committee passed the bill for the Korea-U.S. FTA implementation, and at this rate, we expect the bill to be
Biz body urges paradigm shift for higher economic growth

Oct 5, 2011

South Korea must transform itself from a “fast follower” to “a first mover” in order to achieve sustainable growth and become a global economic power, the country‘s top business group said Wednesday.In a gathering to mark its 50th anniversary, the Federation of Korean Industries said past growth str
Dozens of smaller firms to face risks of debt workout

Oct 5, 2011

A total of 55 small and mid-size companies in South Korea, mostly manufacturers and property developers, were found to have bad financial health that may put them under a debt workout program or a court receivership, industry data showed Wednesday.Local banks completed an assessment of 899 companies
S. Korea's foreign reserves fall by most in nearly 3 years in Sept.

Oct 5, 2011

SEOUL, Oct. 5 (Yonhap) -- South Korea's foreign exchange reserves fell by the most in nearly three years in September due mainly to the weaker dollar conversion value of non-dollar assets and suspected dollar-selling intervention.The country's foreign reserves reached $303.38 billion as of the end o
Korea’s per-capita GDP to exceed $30,000 for first time in 2015: IMF

Oct 4, 2011

South Korea’s per-capita gross domestic product is expected to exceed $30,000 for the first time in 2015, a report showed Tuesday.According to the report by the International Monetary Fund, South Korea’s per-capita GDP is forecast to reach $31,733 in 2015, up from this year’s projection of $23,749.T
Korea-U.S. FTA to cause large reduction of farm production

Oct 4, 2011

SEOUL, Oct. 4 (Yonhap) -- The implementation of the signed free trade agreement (FTA) with the United States will likely cause billions of dollars in damages to South Korea's farming industry, a government report showed Tuesday.According to the report from the Ministry of Food, Agriculture, Forestry
S. Korea's consumer prices grow 4.3 pct in Sept.

Oct 4, 2011

SEOUL, Oct. 4 (Yonhap) -- South Korea's consumer prices grew at a slower pace in September than a month earlier, but they still remained above the government's annual inflation target mainly due to high food and oil prices, a report showed Tuesday. According to the report by Statistics Korea, the co
Obama sends FTAs to Congress before S. Korean leader's trip

Oct 4, 2011

WASHINGTON, Oct. 3 (Yonhap) -- In a long-awaited move, U.S. President Barack Obama on Monday sent free trade agreements (FTAs) with South Korea, Colombia and Panama to Congress, pressing lawmakers to pass them promptly. Obama's action raises hopes that the ratification process will be completed
Seoul to inject $1.1b into resources development

Oct 3, 2011

South Korea plans to increase its spending on the development and purchase of overseas mines by nearly 10 percent next year to significantly boost its energy self sufficiency, the government said.According to the Ministry of Knowledge Economy, the government is requesting 1.31 trillion won ($1.1 bil