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Han Kang’s Nobel Prize opens new horizons for Korean literature
Han Kang’s manuscript set to be unsealed in 2114 gets renewed attention
[News Focus] Momentum builds for 3-way summit by end of year
Samsung Electronics sheds W90tr in market cap amid foreigners' selloff
Busan film fest ends with lingering controversy over streaming platform presence
[Herald Interview] JM.Wave 'repowers' pollutant vehicles into emissions-free EVs
[Exclusive] Louis Vuitton VIPs invited to Jeju for luxury shopping
LG Innotek expands global talent hunt
SK heiress weds Chinese American entrepreneur
Explore Han Kang's Nobel-winning works at outdoor libraries
Minister ensures med school quality despite quota hike
2 Filipinas who left pilot program cite overwork, excessive surveillance
Han Kang's Nobel Prize boosts book market
Chung marks 4 years at helm of Hyundai Motor
Posco Future M's NCA cathode plant in Pohang goes online
Confusion over alleged S. Korean drone intrusion: Who's behind it?
K-pop song once recommended by Nobel laureate Han Kang returns to music charts
Riize speaks out on Seunghan’s return
Samsung SDI seeks out top tech talent in Europe
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Hyundai Sonata targets Chinese elite
Mar 6, 2013
Hyundai Motor now seeks to appeal to the most trend-setting group of people in the all-important Chinese market ― the Communist Party leaders. The Korean auto giant said Wednesday it has provided some 50 units of its flagship midsize sedan Sonata to transport party leaders during China’s two most important political gatherings this week.Following the Sunday opening of the Chinese People’s Party Consultative Congress, the 12th National People’s Congress started Tuesday in Beijing, with Chinese Pr
Lotte, Shinsegae wary of drugstore expansion
Mar 6, 2013
Lotte and Shinsegae are dawdling over their drugstore business amid criticism that conglomerates are entering it to circumvent regulations against large discount stores and supermarket chains.Lotte Group has delayed the opening of its first drugstore by a month to late April or early May, saying it hasn’t decided on the name yet.Lotte set up a taskforce last year under Lotte Super to prepare the drugstore business, but has continued to postpone its schedule upon unwelcome attention as exorbitant
K-water CEO awarded by Cambodian government
Mar 6, 2013
Kim Keun-ho, the CEO of the state-run Korea Water Resources Corp., or K-water, and four employees received the Royal Order of Sahametrei, a knight-rank medal, by the Cambodian government for their dedication to the water resource management project in Cambodia, the company said on Wednesday. The order is a medal of honor conferred primarily on foreigners who have rendered distinguished services to the King of Cambodia and to the nation. K-water has completed eight water resource management-relat
Samsung set to buy 3% stake in Sharp: report
Mar 6, 2013
South Korean electronics giant Samsung is set to buy a three-percent stake in struggling Japanese rival Sharp via a capital increase, a press report said Tuesday, a deal that would give Samsung greater access to smartphone and tablet computer screens.The Japanese economic newspaper Nikkei said in its online edition that Sharp would sell Samsung new shares worth around 10 billion yen (83 million euros, $108 million), and use the funds it earned to bolster its bottom line.An official announcement
SPC withdraws bread price hikes
Mar 5, 2013
SPC, which runs the nation’s largest bakery franchise Paris Baguette and makes Shany and Samlip brand bread, on Tuesday retracted its price hikes for 66 Samlip products amid the government’s high vigilance on processed food prices. Having raised the prices of products such as chocolate roll cakes and chestnut manju supplied to supermarket chains by 100 won or 200 won ($.09, $.18) on Feb. 21, SPC decided to take it back less than two weeks later upon negative news coverage. “We concluded that thi
[Power Korea] CJ E&M helps spread Korean pop culture across globe
Mar 4, 2013
CJ E&M has been committed to the long-term goal of helping raise Korea’s national competitiveness through making business out of Korean cultural content.Rather than simply using hallyu to net short-term profits, CJ E&M has focused on becoming Asia’s top cultural content company that leads trends and creates culture through various media platform service and content ranging from broadcast and film to music, performance and games.“Considering that Korea’s manufacturing sector such as cars, electro
[Power Korea] CJ rises as beacon of Korean food, shopping, pop culture
Mar 4, 2013
CJ Group expands bio pharma, entertainment, home shopping, logistics businesses abroad
E-mart grants regular status to 10,000 staff
Mar 4, 2013
Retail giant takes measure after Labor Ministry instruction
Korean car sales slow in Feb.
Mar 4, 2013
Korean carmakers led by Hyundai Motor and Kia Motors saw their car sales slow in February as holidays, the removal of tax breaks and the prolonged economic slowdown sapped new car demand here. Hyundai, the nation’s largest carmaker, said Monday it sold 318,957 vehicles last month globally, up 1.5 percent from a year ago. In its home turf alone, however, the company said its car sales fell 11.5 percent to 47,489 in February. “Reduced working days during the New Year holidays led to a sales decrea
Nongshim to expand U.S. instant noodle plant
Mar 4, 2013
Nongshim Co., South Korea’s leading instant noodle maker, said Monday that it will expand its instant noodle plant in Los Angeles to meet growing demand there. The expansion will increase the plant’s daily production capacity to 1.5 million units and its annual production capacity to 550 million units from the current 440 million, the company said. The expansion, to be completed at the end of this month, will likely raise sales of Nongshim America Inc., Nongshim’s U.S. subsidiary, to $200 millio
Consumer prices grow 1.4% on-year in Feb.
Mar 4, 2013
SEJONG (Yonhap News) ― South Korea’s consumer prices increased at a slower pace in February, with the growth rate staying in the 1-percent range for the fourth straight month, a government report showed Monday.The country’s consumer prices index rose 1.4 percent on-year in February, compared with a 1.5 percent on-year advance in the previous month, according to the report by Statistics Korea. From a month earlier, it grew 0.3 percent.The on-year figure marked the fourth straight month that the p
BAT to slash Vogue price by 200 won
Mar 4, 2013
British American Tobacco Korea said Monday that it would apply a 200 won price cut to three types of its 2,500 won ($2.30) ultra-slim cigarette Vogue, starting March 14. The company said it decided to adjust the price of Vogue 1 mg, Vogue Blue and Vogue 0.3 mg to better compete against the 2,300 won rival products. Now 2,300 won a pack, “(Vogue) will be armed with stronger competitiveness in the (tobacco) market,” BAT Korea chief executive Guy Meldrum said in a statement. Previously, the tobacco
Samsung Heavy eyes profit-focused business
Mar 4, 2013
Samsung Heavy Industries, the nation’s second-largest shipbuilder and 26th builder, is downsizing its construction-related organizations hit by the long slump in the domestic housing market to focus more on the lucrative shipbuilding business.Over the past few months, the company has relocated some 260 of its skilled construction-related employees to its parent group’s other subsidiaries, namely Samsung Everland and Samsung Engineering, company officials said recently.“The personnel measure was
Samsung Electronics 3rd biggest tech firm by market cap
Mar 4, 2013
Samsung Electronics was placed third among global IT firms in terms of market capitalization last year, according to a report by a local IT policy and research body on Monday.The National IT Industry Promotion Agency said that Samsung rose to third place, up from fifth in 2011. Apple Inc. was ranked No. 1 and Google was No. 2.The agency obtained the data using Reuters Knowledge, a Web-based information and analytics tool.Microsoft and IBM, which ranked second and third in 2011, respectively, too
ECCK at fore of battle against counterfeits
Mar 3, 2013
Sting operations to crack down on luxury brand knockoffs have become a regular part of the job for Alexis Touzin, director of legal affairs at the European Chamber of Commerce in Korea. Touzin, who heads the chamber’s Intellectual Property Rights Center, is determined to eradicate the widespread practice of selling and buying counterfeits in the country. “(Our mission) started with Myeong-dong, where the visibility of counterfeits was very high,” Touzin said in an interview with The Korea Herald
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