The Korea Herald

Japan offers 10,000 foreigners free trips

World BusinessOct 10, 2011

TOKYO (AFP) ― Japan will offer 10,000 foreigners free airfare to visit the country next year, in an attempt to boost the tourism industry, which has been hit by the ongoing nuclear disaster, a report said Monday.The Japan Tourism Agency plans to ask would-be travelers to submit online applications f
GM China sales up 15.3% in September

World BusinessOct 10, 2011

SHANGHAI (AFP) ― U.S. auto giant General Motors said Monday its sales in China jumped 15.3 percent in September from a year earlier to 240,244 units, despite government moves to phase out incentives for buyers.In the first nine months of the year, GM and its joint ventures sold a record 1.89 million
Japan offers 10,000 foreigners free trips

World BusinessOct 10, 2011

TOKYO (AFP) ― Japan will offer 10,000 foreigners free airfare to visit the country next year, in an attempt to boost the tourism industry, which has been hit by the ongoing nuclear disaster, a report said Monday.The Japan Tourism Agency plans to ask would-be travelers to submit online applications f
Chile students reject resuming negotiations

World NewsOct 10, 2011

SANTIAGO (AP) ― Chilean student groups that have been protesting more than five months to demand the government improve education have refused the president’s request to resume negotiations and say they won’t go back to class.A confederation of 36 student groups at Chile’s 25 state universities made
Taiwanese leader marks centenary

World NewsOct 10, 2011

TAIPEI (AP) ― Taiwanese President Ma Ying-jeou is urging Beijing to pursue democracy and respect his island’s self-governance as both sides marked the centennial of a revolution that ended 2,000 years of imperial rule in China.Ma said Monday that China should “move bravely” toward freedom and democr
12 Chinese sailors killed by gang

World NewsOct 10, 2011

BEIJING (AP) ― Twelve Chinese crew members on two boats plying the Mekong River were killed by suspected drug traffickers who hijacked their ships to smuggle speed pills, news reports said Monday.The China Daily newspaper said that the boats were hijacked last Wednesday and that the bodies were foun
Quartet to resume Palestine talks

World NewsOct 10, 2011

BRUSSELS (AP) ― An international group of envoys will contact the Israelis and the Palestinians shortly to try to restart Mideast peace talks on hold since 2008.Envoys from the Quartet ― the United States, the European Union, the United Nations and Russia ― met Sunday in Brussels to hash out a strat
Thousands take Wall Street protest to NYC park

World BusinessOct 10, 2011

Police arrest a protester on New York's Brooklyn Bridge during a march by Occupy Wall Street, as protesters speaking out against corporate greed and the gap between the rich and the poor attempted to walk over the bridge from Manhattan, resulting in the arrest of more than 700 during a tense confron
Syria: Don’t recognize opposition

World NewsOct 10, 2011

BEIRUT (AP) ― Syria’s foreign minister warned the international community Sunday not to recognize a new umbrella council formed by the opposition, threatening “tough measures” against any country that does so.Foreign Minister Walid al-Moallem did not specify what measures Damascus might take. But he
Sinopec to acquire Canada’s Daylight Energy for $2.1b

World BusinessOct 10, 2011

China Petrochemical Corp., the country’s biggest refiner, agreed to buy Daylight Energy Ltd. for about CA$2.2 billion ($2.11 billion) in cash to add oil and gas assets in Canada. The offer of CA$10.08 a share from China Petrochemical, known as Sinopec, is more than double Daylight’s closing price of
How bad can it get if the U.S. falls into recession?

World BusinessOct 10, 2011

NEW YORK (AP) ― Are investors overreacting to the prospect of a recession?The slightly better jobs report on Friday notwithstanding, the odds of a recession appear to be climbing, and that’s bringing back scary memories. Though stocks may look cheap thanks to record corporate profits, that was also
China sees higher quality at lower prices in H.K.

World BusinessOct 10, 2011

Pan Jingdan traveled more than 40 miles to shop in Hong Kong during China’s Golden Week holiday. Unlike the thousands of Chinese tourists who lined up outside luxury goods stores, she stuffed her bags with shampoo, cosmetics and Unilever’s Dove shower gel. “It’s so much cheaper here, especially if y
Libya oil chief optimistic on output

World BusinessOct 10, 2011

TRIPOLI, Libya (AP) ― Libya’s oil production stands at about 25 percent of its prewar levels but could return to an output of 1.6 million barrels per day in about 15 months, the country’s oil chief said Sunday.The OPEC country’s output all but stopped during the months of fighting to oust Moammar Ga
Flying in Africa still pricey despite busier skies

World BusinessOct 10, 2011

CAPE TOWN (AFP) -- It has never been easier to fly to Ouagadougou, Juba or Maputo but Africa’s increasingly busy skies are still among the most expensive in the world.Budget carriers are cropping up in the bigger countries, with South African taxi operators last month becoming the latest to enter th
Paul McCartney gets married in London

World NewsOct 10, 2011

Former Beatle Paul McCartney and American heiress Nancy Shevell arrive at Marylebone Town Hall in central London to be married Sunday Oct 9 2011. Shevell, 51, is McCartney's third wife. They were engaged earlier this year. The couple met in the Hamptons in Long Island, New York, shortly after the si