The Korea Herald

4G LTE technology to debut next month

Jun 19, 2011

4G mobile phones to be released as early as Sept.The fourth generation telecommunications technology Long Term Evolution is expected to debut next month as two of the country’s mobile carriers are getting ready to launch the service in many cities across the nation.SK Telecom, the country’s top mobile carrier, has announced it will commercialize the technology in Seoul next month by establishing 6
New Internet era beckons with firm domain names

Jun 19, 2011

SINGAPORE (AFP) ― The Internet is poised for potentially one of its biggest shakeups in years as an industry body prepares to vote on Monday on a proposal to open up new domain suffixes for private companies.Under the changes to be decided at a meeting in Singapore, businesses would no longer be restricted to the list of generic top level domains that include .com, .net and .org when they apply to
Cnet picks Samsung's PDP TV as best TV of year

Jun 19, 2011

SEOUL, June 19 (Yonhap) -- Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.'s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday.Cnet said the D8000 series, which consists of a string of Samsung's PDP TV models, outperformed rivals' products released in the U.S. market this year, according to a Samsung official.Judges of the U.S.
Asiana Airlines to buy 3 Korea Express units

Jun 17, 2011

Asiana Airlines Inc. said Friday that it will buy three Korea Express Co. units ― Aas Airport Service, Asiana Airport Development Co. and Kumho Terminal Co. In its regulatory filing, the nation’s second-largest air carrier said it will purchase Kumho Terminal for 255.5 billion won ($235.3 million), Asiana Airport Development for 67.7 billion won and Aas Airport Service for 38.3 billion won. With t
LGE globally launches Optimus 3-D phone

Jun 17, 2011

LG Electronics on Friday marked the global launch of its “Optimus 3-D” smartphone, starting with the European markets. The Seoul-based company held a ceremony in Spain to mark the launch and plans to release its phones in 60 countries in Europe. The Optimus 3-D is a smartphone with third-dimensional functions. The phone features a 4.3-inch glasses-free 3-D display that gives users the third-dimens
POSCO to set up processing joint venture in China

Jun 16, 2011

POSCO will set up a joint venture with the Chinese steelmaker Tonghua Iron and Steel Group.According to the Korean steelmaker, it has formed an agreement with the Chinese firm to establish an automotive plate processing joint venture with an annual processing capacity of 200,000 tons.The plant will be located in a special economic development zone in Huinan Country in Jilin Province. POSCO will ho
Firms’ image biggest factor in buyers’ minds

Jun 16, 2011

Corporate image has a major influence on local consumers who said their purchases were largely based on the image companies cultivate, according to a survey by the Korea Chamber of Commerce and Industry.More than 80 percent of those surveyed said they were influenced by corporate image when purchasing products, while only about 15 percent said they were not. Consumers also were found to hold domes
Yuhan-Kimberly named one of best workplaces in Korea

Jun 16, 2011

Yuhan-Kimberly, Korea’s leading hygiene products maker, has been selected as one of the most favored workplaces in the local manufacturing industry for a third straight year, a survey showed.According to the Korean Management Association Consulting, which surveyed more than 5,200 industry workers and human resources specialists, Yuhan-Kimberly came in third on the list of the best 30 manufacturers
[Herald Interview] Cushman and Wakefield opens frontiers with cross-border retail

Jun 16, 2011

With real estate being an essential element in any business that requires stores or offices, the industry ties in to most conventional businesses.Real estate services provider Cushman and Wakefield Korea is taking that natural tie-in a step further.Since last year, the company has been supporting retailers to cross borders. “It’s split into two major sections. We’re helping to export Korean retail
Lotte enters China, E-Mart retreats

Jun 16, 2011

Lotte opens store in Tianjin; E-Mart looking to sell outletsLotte Shopping will open its first wholly invested department store on Friday in Tianjin, China, company officials said Thursday.The country’s top retail giant said the store in Tianjin will be the third establishment built overseas, but the first operated “Korean style.”The department store, located in one of the largest cities in China,
U.S. inflation slows as gas prices fall

Jun 16, 2011

Falling energy costs temper price rises; Americans pay more for cars, clothing and hotelsWASHINGTON (AP) ― Falling energy prices cooled overall inflation in May, offering some relief to consumers who have been coping for months with high gas prices.Consumer prices rose 0.2 percent, the smallest increase in six months, the Labor Department said. It was the first drop in energy costs in nearly a yea
Korean Air embarks on test flight of A380

Jun 16, 2011

Korean Air’s new Airbus A380 (Yonhap News)YEONGJONG ISLAND ― Korean Air’s brand new Airbus A380 superjumbo made a successful landing after its first test flight in Korea on Thursday.The event took place a day ahead of the world’s largest passenger jet’s maiden commercial flight to Japan’s Narita International Airport. About 200 journalists, customers and company officials flew on a two-hour trip t
Asiana Airlines opens lounge for disabled people

Jun 15, 2011

Asiana Airlines opened the first airport lounge specifically for the disabled at Incheon International Airport on Wednesday.The company also donated wheelchairs to a support center for the disabled at the ceremony marking the opening of the lounge.The event was attended by officials from Asiana Airlines, including its chief executive Yoon Young-doo and those from an Incheon-based welfare organizat
SKT reports its rivals to state telecom regulator over subsidy

Jun 15, 2011

SK Telecom, the country’s largest mobile carrier, said it submitted a request to the state telecom regulator, asking it to punish its competitors over wrongful plays such as massive subsidy offering.The company claims its two rivals KT Corp. and LG Uplus have impeded competition by providing subsidies that amount to over 700,000 won over the past two months.“Recently, KT and LG Uplus have been ope
Samsung pushes reshuffles on Lee’s call

Jun 15, 2011

Conglomerate replaces two execs responsible for auditingSamsung Group has replaced its top auditing and human resources managers, signaling that a conglomerate-wide shakeup may take place soon.Samsung said it named Chung Hyun-ho as the new head of the business examination team, which oversees audits, and Chung Keum-yong as the chief of human resource support.The replacement of the company’s high-r