Prosecutors indicted the captain of a Chinese fishing boat with physical detention Tuesday on charges of killing a South Korean law enforcement officer last month during a raid on the vessel for illegally fishing in Korea's exclusive economic zone.The 42-year-old captain, whose identity was withheld

SK Group carried out a reshuffle and promotions on Tuesday that affected about 120 officials at the corporation’s affiliates. Group officials said it minimized the scope of the personnel change to ensure the stability of its organizations.In the top management reshuffle, Sheraton Walkerhill hotel pr

South Korean President Lee Myung-bak named a veteran economic official on budget affairs as the country's vice finance minister on Sunday in a minor reshuffle that also replaced three other vice ministers.Kim Dong-yeon, 55, a senior finance ministry official in charge of budget affairs, was tapped a

North Korea's new leader Kim Jong-un watched a long-range rocket launch in 2009 while being groomed to succeed his father, and threatened retaliation if the country's enemies interfered, footage released Sunday showed.Kim Jong-un, who is believed to be in his late 20s, has been named "supreme leader

 

 

Samsung Electronics Co. outpaced Apple Inc. in the global smartphone market by more than 10 million handsets during the third quarter of the year, industry data showed Friday.According to the data, Samsung Electronics sold about 27 million smartphones during the July-to-Sept. period, while Apple’s f

POSCO’s consolidated net profits for the third quarter of the year fell 78.4 percent from a year to 233 billion won ($203 million), the steelmaker said Friday.Over the same period, POSCO’s consolidated sales and operating profits respectively increased by 51.5 percent and 5.2 percent.The company att

President Lee Myung-bak on Friday placed calls to senior representatives of opposition political parties, seeking their cooperation in ratifying South Korea's free trade agreement with the U.S., sources said.They said Lee spoke on the phone with five opposition members: Kim Jin-pyo, floor leader of

HONG KONG (Yonhap News) – South Korea's second-largest lender Shinhan Bank said Friday it has opened its first branch in the western region of China, amid rapid economic growth recently witnessed in China's less developed region.Shinhan Bank said its twelfth Chinese branch opened in Changsha,

Hyundai Motor Group, South Korea's second-largest family-owned conglomerate, bought a local life insurer as it moves to expand in financial sector portfolio, business sources said Friday.Financial sources said that Hyundai secured Green Cross Life Insurance for 228.3 billion won ($198.3 million) fro

South Korean Prime Minister Kim Hwang-sik met with his French counterpart Francois Fillon on Friday and agreed to support expanded cooperation between corporations, especially small- and medium-sized ones, from the two countries, Kim's office said.Fillon, the first French prime minister to visit Sou

High school students take pictures of a wooden miniature of a concept car during their visit to Design Korea on Thursday. (Kim Myung-sub/The Korea Herald)Exhibits include breathing system for firefighters, LED desk lampThe ninth annual Design Korea event is under way at the COEX exhibition center i

A seminar hosted by the Korea Nuclear Energy Promotion Agency and the French Atomic Agency on increasing public acceptance of nuclear power plants will take place Friday at the National Assembly.At the seminar, experts from the nuclear industry and media as well as research professionals are to disc

Newly opened plant has world’s largest  production capacity  for para-xylene  S-Oil’s newly expanded Onsan Plant in Ulsan was officially opened on Thursday in a ceremony attended by top industry and government officials including President Lee Myung-bak and Khalid Al-Falih, president

GS Holdings plans to  spin off energy divisionGS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure

Hanwha Group, which is developing solar power as a future growth engine, is lending a helping hand to the fight against desertification.The Korean conglomerate, which sponsored the United Nations Convention to Combat Desertification meeting in Changwon, South Gyeongsang Province in October, is condu

Conglomerate is working on additional production facility for solar power equipment in ChinaHanwha Group’s vertical integration of its solar power businesses is nearing completion as it seeks to take on the growing global market for solar energy and develop the business into a growth engine for the

SK Biopharmaceuticals Co. announced Sunday that it signed a licensing deal with a Chinese pharmaceuticals maker on a potential treatment for depression and bipolar disorder. Established in April, SK Biopharmaceuticals is a subsidiary of the SK Group’s holdings company SK Corp. Under the contract, SK

The red-hot boom of smartphones in South Korea is reshaping the way people surf the Web, heralding changes in the cyberspace in favor of greater mobile access rather than conventional media such as desktop and laptop computers. The proportion of those accessing major Korean portals and social networ