The Korea Herald

S. Korea unveils new light airplane

Jul 20, 2011

South Korea introduced its first indigenous private aircraft Wednesday in a ceremony also marking the first flight of the light passenger plane, named "Naraon."The plane was unveiled by Korea Aerospace Industries Ltd. (KAI) in Sacheon, 437 kilometers southeast of Seoul. It is the first non-military aircraft developed and built by South Korea, according to the Ministry of Land, Transport and Mariti
LG CNS picked as provider of system to integrate Colombian transport network

Jul 19, 2011

Korea’s cutting-edge transportation IT infrastructure will be introduced in Colombia as LG CNS, Korea’s tech firm, won the $300 million project to set up an intelligent transport system in Bogota, the company said on Tuesday.Bogota, Colombia’s capital, is one of the three biggest cities in Central and South America. Under the deal, LG CNS will establish systems for bus management, as well as issua
Louis Vuitton to pull out of Lotte duty free shop in COEX

Jul 19, 2011

Louis Vuitton has decided to close a store at Lotte Duty Free Shop in COEX, citing recent slowing sales there. According to industry sources on Tuesday, the French brand will not renew its contract with Lotte, set to expire in December, and will withdraw the store.“We have informed Lotte about the withdrawal because of poor sales,” a Louis Vuitton official said in an interview. A pedestrian looks
Korean robotics industry bursting into bloom

Jul 19, 2011

Market for robots nearly doubles to 1.93tr won in 2010Korea’s robotics industry is making rapid headway as local developers chalked up record growth in output, sales and exports last year on the back of surging investment in factories, a government study showed Tuesday.According to the survey by the Korea Association of Robot Industry of 395 firms, their combined sales nearly doubled to 1.93 trill
Foxconn-Sharp ties aimed at countering Samsung, LG

Jul 19, 2011

HONG KONG (Yonhap News) ― The recent alliance between Taiwanese manufacturer Foxconn Technology Group and Japan’s Sharp Corp. will likely present a counterweight to South Korean liquid crystal display makers that have been dominant players in the global LCD market, an expert said Tuesday.Foxconn, the world’s largest contract electronics maker, agreed with the Japanese electronics giant last week t
New mobile carrier unlikely to bring much change to market

Jul 19, 2011

The Korea Federation of Small and Medium Business is looking to set up a fourth mobile telecom services provider, but the market divided among three long-established giants is likely to hinder the would-be telecom operator.At present SK Group’s SK Telecom is the market leader with over 50 percent market share, followed by KT Corp., which accounts for about 35 percent of the market.LG Uplus, which
BMW biggest 1-Series seen catching Audi in luxury market: Cars

Jul 19, 2011

Bayerische Motoren Werke AG is rolling out a bigger 1-Series compact car to surpass Audi in the competition for younger customers purchasing entry-level luxury autos. BMW’s smallest model will add more than 3 inches in length and about 1 inch in width, allowing for a roomier interior and more trunk space, the carmaker said. The vehicle’s starting price will be 23,850 euros ($33,480) in Germany, 90
IBM’s services signings surge, stock rises

Jul 19, 2011
Jul 19, 2011

Samsung Electronics Co. issued another apology Tuesday over malfunctions of its air conditioners as consumer complaints escalated despite its decision to recall affected products. Earlier this month, Samsung said that it will recall four air conditioner models sold in South Korea between January and June of this year, as the software program caused air conditioners to malfunction. (Samsung Electronics Co.)
S. Korea's state auditor to probe KTX breakdowns

Jul 19, 2011

South Korea's state auditor is expected to conduct a special probe as early as later this month to determine the cause behind the frequent malfunctions involving the country's high-speed trains, an official source said Monday.The source said Board of Audit and Inspection (BAI) chairman Yang Kun stressed at a meeting of senior officials that there is a need for a full and detailed examination into
Amore Pacific awarded ISO certification for information security

Jul 18, 2011

Amore Pacific Corp. said Monday that it has become the first Korean cosmetics company to get an International Standards Organization 27001 accredation.In order to secure the ISO27001 status, the nation’s largest cosmetics manufacturer underwent a rigorous set of internal and external audits for two years, the company said. Lee Yoon (right), executive director of Amore Pacific, and Kim Sang-wook,
Inspection begins for Korea’s water summit bid

Jul 18, 2011

A panel of the World Water Council embarked on a three-day visit to Korea on Monday to assess the country’s bid for the 2015 World Water Forum, officials said.The world’s largest summit in the water-related industry fosters global collaboration on issues ranging from water supplies and sanitation to access rights. Korea announced its bid last year and is competing against Scotland’s Glasgow. Prime
Korea top foreign destination for Chinese

Jul 18, 2011

HONG KONG (Yonhap News) ― Korea was the top foreign destination for the Chinese outbound travelers during the first six months of this year, the Chinese government said Monday, suggesting that the neighboring country is attracting a growing number of Chinese tourists.China’s Ministry of Public Security said in an online statement that South Korea ranked the No. 3 destination after Hong Kong and Ma
Water quality forecast planned for four rivers

Jul 18, 2011

Korea is set to adopt weekly forecasts of water quality near the four major rivers under a multi-billion dollar refurbishment project next month in a bid to better control water pollution there, the Environment Ministry said Monday.The government plans to start the weekly forecast of water conditions in key stream spots of the Han, Nakdong, Geum and Yeongsan rivers in August. The preliminary Augus
Top British art school to hold workshop here

Jul 18, 2011

The Royal College of Art, a prestigious London-based art school, plans to offer design workshops for Korean students, the Ministry of Knowledge Economy said Monday.Two week-long courses will take place July 18-22 in Seoul and July 25-29 in Daegu.These are the first events where students can directly learn from RCA professors here. The curriculum borrows from the institution’s innovation design eng