When asked which corporate brands represent Korea, Koreans are likely to pick Samsung, Hyundai Motor or LG without hesitation. In a survey in 2012 on what company Koreans loved, however, POSCO, the nation’s top steelmaker, came ahead of other conglomerates. Despite its privatization in 2000, POSCO has been considered a company for the citizens since its foundation in 1968 because of its history attributing to the nation’s economic miracle starting from scratch. Beyond Korea, POSCO has also grown

Canadian smartphone pioneer Research In Motion said it was changing its name as it launched its new BlackBerry 10 smartphone Wednesday.RIM, as it was sometimes called, produced the first wildly popular cell phone, called the BlackBerry, which has struggled to get out from under a wave of rivals that followed, most notably Apple with its iconic iPhone and a host of phones that use Google‘s Android operating system.The Canadian company Wednesday said it would adopt the name of its most familiar pr

Smartphone sales appear to have spearheaded the stellar performance

POSCO, the nation’s top steelmaker, launched a new social enterprise named POSCO HUMANS on Wednesday after merging POSWITH and Poseco Housing, both of which were social enterprises under the steel group, POSCO HUMANS said in a press release. “The merger deal came for synergy effect and management efficiency. The newly established social enterprise will focus on offering jobs for socially disadvantaged people, including disabled and multicultural family members,’’ the company said. POSWITH, estab

Company overcomes hard times with focus on mid-sized chemical, oil carriers

Search for better solutions drives Boo-Kang Tech into a global playerThe Korea Herald, in collaboration with the Korea Environmental Industry & Technology Institute, is presenting a series of articles introducing small but promising environmental tech firms. The following is the fourth installment. ― Ed. Every challenge is an opportunity for growth. Or so many CEOs have preached to their staff. Yet, this overused, hackneyed saying best captures the essence of what made Boo-Kang Tech Co., or BKT,

The rise of online social networks such as Twitter and Facebook and social commerce services like Groupon are changing the way people do business. For companies, it’s a bewildering challenge that comes with disruptive changes everywhere. Traditional tools won’t work in the digital era, with people exchanging ideas and information about products and services at a frenetic speed. Companies are now scrambling to reconfigure their business models, infrastructure and whatever necessary to stay ahead,

Kosdaq-listed frontrunner in capacitor eyes future-oriented items for growthPark Hwan-woo, president and CEO of KOSDAQ-listed Sungho Electronics Co. (www.sungho.net) was quick to use a metaphor in explaining what the company’s core business is. And his metaphor of choice is a human heart. Not that Sungho is making an artificial heart. The company’s specialty is producing capacitors, a component used extensively for a variety of electronic devices. So instead of blood, Park said the capacitors pu

A South Korean inventor claimed Thursday that the bottle design of U.S.-based Miller Brewing Company's Miller Lite beer infringes on his patent registered here, and said he would take legal action against the global alcoholic beverage firm.The inventor, who asked to be identified only by his surname