Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Battery-supply deal for Toyota RAV4 EV to end: Tesla
Tesla Motors Inc., the electric-car maker planning to build the world’s largest battery plant, said its deal to supply Toyota Motor Corp. with battery packs and motors for a rechargeable crossover will conclude this year.Toyota, which owns a 2.4 percent stake in Palo Alto, California-based Tesla, said in May 2012 it would buy the company’s components for 2,600 electric RAV4 EVs over three years. Elon Musk, Tesla’s chief executive officer, had said he expected Toyota to extend the agreement that
MobilityMay 11, 2014
-
China car sales up 13% as restrictions spur demand
Passenger-vehicle sales in China rose 13 percent last month as consumers brought forward purchases in anticipation more cities will implement ownership restrictions to fight pollution and congestion, according to an industry group.Retail deliveries of cars and multipurpose and sport-utility vehicles climbed to 1.5 million units in April, the Passenger Car Association said today in a statement. That compares with the 1.56 million median estimate of five analysts surveyed by Bloomberg News.Six Chi
MobilityMay 11, 2014
-
Hyundai Motor seeks to recover lost U.S. share with new models
Hyundai Motor Co.’s U.S. operations will recover the market share it lost during the past two years as it takes the constraints off its global factory output and boosts production, the automaker’s top American executive said.“We want to go back above a 5 percent market share,” Dave Zuchowski, Hyundai’s U.S. chief executive officer, said in an interview today. “That’s a top priority for the parent company. In reality, that’s probably a two- or three-year plan.”Hyundai, which almost doubled its U.
MobilityMay 11, 2014
-
Scientists still work to identify victims from 9/11
NEW YORK (AP) ― Thousands of vacuum-sealed plastic pouches filled with bits of bone rest in a Manhattan laboratory. These are the last unidentified fragments of the people who died in the World Trade Center on Sept. 11, 2001.On Saturday, the 7,930 pouches are to be moved in a solemn procession from the city medical examiner’s office to the new trade center site. They will be kept in a bedrock repository 70 feet underground in the new Sept. 11 Memorial Museum that opens May 21.The remains will be
TechnologyMay 11, 2014
-
Rice or wheat? How grains define cultural identity
Ever wondered why cultures can be so different, with Westerners more focused on the individual than people in the East?Psychologists said Thursday that the divide may come down to which crops are historically farmed in different regions.This “rice theory,” described in the journal Science, holds that people who traditionally grow paddy rice become more collective and holistic over time because of the intense labor involved and the need for cooperation among neighbors.In contrast, those who live
TechnologyMay 11, 2014
-
Samsung on alert over chief’s heart problem
Samsung Group chairman Lee Kun-hee, who is recovering from a heart stent placement early this morning at Samsung Medical Center, had underwent another heart surgery just a few weeks ago, a corporate insider told The Korea Herald.“The chairman had minor heart surgery at the same hospital a few weeks ago after he came back to Korea on April 17,” a corporate official confirmed under the condition of anonymity. The official did not confirm the exact date Lee had the surgery. Samsung Group chairman L
IndustryMay 11, 2014
-
Sanctioned card firms to resume operation this week
(Yonhap)Credit card firms are set to resume operation later this week after three-month business suspensions for earlier massive data breaches, officials said Sunday, while their chiefs are expected to face heavy punishment soon.According to the officials, the Financial Supervisory Service (FSS) will lift operation bans on KB Kookmin Card Co., Lotte Card Co. and NH Nonghyup Card Co. from May 17.The three companies were ordered to suspend their business for three months from February over the lea
May 11, 2014
-
Samsung chief Lee Kun-hee admitted to hospital
Samsung Electronics Co. chairman Lee Kun-hee (Yonhap)Samsung Electronics Co. chairman Lee Kun-hee was admitted to a hospital due to a respiratory problem after receiving cardiopulmonary resuscitation (CPR), company officials said Sunday.Lee, 72, received CPR at a hospital near his home in central Seoul Saturday night and was moved to Samsung Medical Center, according to the officials."I can confirm that he is now at Samsung Medical Center," said an official. "He is in a very stable condition and
IndustryMay 11, 2014
-
[Weekender] Everything is connected
After electricity was discovered, it took about 200 years for light bulbs and lamps, and other electrical products, to hit the market.The Web was created in the 1990s following the invention of the ARPANET system in the 1970s through a collaboration between the Pentagon, scientists and businesses that aimed to reduce inefficiency by sharing resources via network connections.A new market in which all sorts of physical objects ― ranging from home appliances and streetlights to roads and cars ― can
TechnologyMay 9, 2014
-
[Weekender] Bitfinder, SinglePet seek to develop game-changing gadgets
As was seen in the dot-com industry, venture entrepreneurship has been the key to creating not only new technologies but also new industries and values that can forever reshape conventional markets.Start-ups will be called upon again to develop an entirely new market where every physical object can connect to the Internet.With the Internet of Things gaining momentum, ventures such as Bitfinder and SinglePet are seeking to come out with their own connected innovative products and services that ho
TechnologyMay 9, 2014
-
[Weekender] IoT to bring winds of change
An Oracle yacht that uses IoT technology (Oracle)A man walks into a clothing store and sees customized advertisements based on his shopping data as soon as he gets his eyes scanned.This scene is from Hollywood blockbuster “Minority Report” but a similar situation could soon become reality thanks to the Internet of Things.Cisco Systems, the U.S. networking equipment giant, said people can already get a similar experience.“If you use, for example, Cisco’s Connected Mobile Experience, what happens
TechnologyMay 9, 2014
-
[Weekender] Rapid growth forecast for IoT
As an example of the potential for the Internet of Things, take for instance the mousetrap. It has been a very long time since anyone has built a genuinely better mousetrap.But with the ubiquity of device connectivity these days, it is now possible for the janitorial staff in a commercial warehouse to be notified via smartphone when a mouse has been caught in some dark corner of the building ― and subsequently inform the end-user that it is time to set another trap. In short, IoT can improve eff
TechnologyMay 9, 2014
-
[Weekender] All roads lead to in-car technology
Not so long ago, automakers were all about competing to produce and market vehicles with better horsepower and fuel-efficiency.With the Internet of Things coming around the corner, automakers’ focus has shifted from not only introducing cars with powerful engines that consume less gas, but also to dashboards with in-car networks.Automakers are revving up to form an alliance either with Apple, Google or both, following the introductions of their in-car platforms that can be linked with drivers’ i
TechnologyMay 9, 2014
-
Park calls for preemptive measures to fight Sewol’s economic fallout
President Park Geun-hye called on the government and corporations to take preemptive measures to prevent an economic slowdown in the wake of the deadly ferry disaster that has been keeping consumption and investment at low levels. “To ensure that the economy’s recovery trend is not shaken, there must be no carelessness in efforts to preemptively supplement the economy,” she said on Friday during an emergency meeting with economic ministers and business representatives at the presidential office
May 9, 2014
-
Samsung SDS’ IPO seen to aid Lee’s inheritance
Samsung SDS’ announcement to launch an initial public offering this year has not only put Samsung family owners and the company’s affiliates, including Samsung C&T and Samsung Everland, under the spotlight, but also a non-Samsung company KCC.The company’s IPO, in what seemed like a move aligned with Samsung chairman Lee Kun-hee’s inheritance plan for his three children, has further boosted the value of Samsung C&T, the group’s construction and trading arm that is the second biggest shareholder o
TechnologyMay 9, 2014
-
Samsung named world’s 3rd most attractive workplace
A Samsung Electronics worker inspects a photomask engraved with chip patterns at the firm’s new chip plant in Xian, China, which started operations Friday. (Samsung Electronics)Samsung Electronics was named the third most preferred employer in the world, according to a Dutch research firm Friday. In an announcement for the Randstad Award 2014 report, which ranks the most attractive companies among job seekers, Randstad said Samsung came third among the eligible 50 firms, following German carmake
TechnologyMay 9, 2014
-
BOK freezes key rate for 12th straight month
Korea’s central bank left the key interest rate unchanged at 2.5 percent for the 12th straight month Friday on concerns of dwindling consumer spending in the aftermath of the sinking of the ferry Sewol, which has left almost 300 people dead. Regarding the move, the Bank of Korea cited uncertainties in domestic demand triggered by the lack of spending among Koreans who are still mourning over the ferry incident. At the same time, the bank said it expected the economy to maintain its upward trend.
May 9, 2014
-
KAI to supply primary trainers to Air Force Academy
Korea Aerospace Industries Ltd., the country’s sole aircraft manufacturer, said Friday that it reached an understanding to supply primary trainer aircraft to the Air Force Academy.The memorandum of understanding calls for the KC-100 Naraon single propeller-driven aircraft to be used by fourth-year cadets so they can better understand flying dynamics. The agreement was reached between KAI, the defense and transportation ministries and the Defense Acquisition Program Administration.No details on w
IndustryMay 9, 2014
-
Department store sales inch down in April
Sales at local department stores inched down in April from a year earlier amid worries that last month’s deadly ferry incident might put a damper on consumption, preliminary government data showed Friday.Department store sales shrank 0.1 percent on-year in April, following a 1.1 percent decline a month earlier, according to the data by the finance ministry. This represented the third consecutive month of decline.Sales at discount chains also dropped 3.7 percent on-year in April. This also marked
May 9, 2014
-
Seoul to keep closer tabs on financial speculative forces
South Korea will step up its monitoring of any speculative movement in the financial markets, the finance ministry said Friday, amid worries over the local currency’s fast ascent against the greenback.“The government will intensify its market monitoring to see if there is any speculative movement in foreign capital flows and transactions in the non-deliverable forward market in relation to recent currency exchange rates,” the ministry said in a message sent to reporters.The ministry added that t
May 9, 2014