NEW YORK (AP) -- Research In Motion Ltd. on Wednesday unveiled five new BlackBerry phones with touch screens, as it hopes to revive the line‘s dwindling appeal in the face of competition from the iPhone and Android smartphones. The new phones had been expected earlier this year, but were delayed. Though the company is profitable and seeing growing sales, it is increasingly seen as a has-been tha...

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 Jung, said he acquired a patent on a bottle design, titled "A Bottle," from South Korean authori...

Hanjin Heavy Industries and Construction Co. chairman Cho Nam-ho is facing criticism from politicians for continuing to ignore calls to attend a public hearing and put an end to the labor dispute at the shipbuilder. On Dec. 20 the company decided to let 2,500 workers go in the near future, prompting its labor union to go on strike. Only 400 people took the voluntary redundancy plan that guarante...

Herald Media, the publisher of The Korea Herald and Herald Business, is holding the first iDEA Herald Design Forum on Oct. 5 and 6. The iDEA forum, (short for information, design, entertainment academy) will bring together leading designers and futurologists from across the world to hold discussions under the theme of “design changes the world.” The forum, held at the Shilla Hotel in Seoul, wil...

The nation’s financial markets on Wednesday reflected worse fiscal conditions of the United States and European countries, seeing most key indices negatively affected. In the wake of anxiety that the U.S. economy could enter into a double-dip recession, local stocks tumbled and the Korean won lost ground against major currencies. The benchmark KOSPI fell by 55.01 points, or 2.59 percent to clos...

Lotte Mart will launch its new range of discount products on Thursday ― half-priced instant stews in curry and “jjajang,” or black bean sauce, flavors. Even though their quantity has been doubled to 300 grams, the products’ price stands at 1,400 won ($1.32), matching other 150-gram products, the nation’s second-largest retail chain said Wednesday. Despite its cheaper price, Lotte Mart emphasize...

Beauty firm aims to strengthen dominance in global market Amore Pacific Corp. said Wednesday that it has completed a deal to take over French luxury perfume brand Annick Goutal on Tuesday. It was the first overseas merger and acquisition case for the nation’s largest cosmetics maker with nearly 40 percent of the domestic market share. According to the company, its overseas holding company AMOR...

A string of KTX breakdowns dampens confidence in homegrown technology, stokes safety concerns Customers around the country have vented fury over Korea’s flaw-ridden high-speed trains, calling for better safety measures from operators and builders. A series of accidents and breakdowns have marred the reputation of the Korea Train Express, or KTX, in recent months largely due to technical glitche...