Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul to more than double military drones by 2026 to counter NK threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Korea develops new shark-repelling device
South Korea has developed a new shark-repelling device that provides safety to both humans and sharks, the government said Wednesday.The device uses solar panels set on top of floating buoys to create a curtain of magnetic fields that is only irritating to sharks, according to the Ministry of Oceans and Fisheries.Each solar panel creates a magnetic current of less than 5 volts, which is virtually undetectable to humans or other fish, a ministry official said.“The country sees a considerable numb
TechnologyDec. 4, 2013
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Federal study warns of sudden climate change problems
WASHINGTON (AP) ― Hard-to-predict sudden changes to Earth’s environment are more worrisome than climate change’s bigger but more gradual impacts, a panel of scientists advising the federal government concluded Tuesday.The 200-page report by the National Academy of Sciences looked at warming problems that can occur in years instead of centuries. The report repeatedly warns of potential “tipping points” where the climate passes thresholds, beyond which “major and rapid changes occur.” And some of
TechnologyDec. 4, 2013
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ISON confirmed dead after brush with sun
WASHINGTON (AFP) ― A comet that grabbed attention worldwide for being likened to a massive snowball in space did not survive its brush with the sun last week, NASA confirmed on Tuesday.“Though the exact time of ISON’s death is uncertain it does appear to be no more. All that is left is a cloud of debris without a nucleus,” C. Alex Young of the NASA Goddard Space Flight Center told AFP in an email.Dubbed the “Christmas Comet,” the icy giant described as a massive and dirty snowball skimmed past t
TechnologyDec. 4, 2013
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Gift guide: Plenty of laptops, even on budget
NEW YORK (AP) ― There’s no shortage of laptop computers to pick from this holiday season, even for shoppers on tight budgets. A Chromebook optimized to run Google’s Internet services can be bought for as little as $200, while a few hundred dollars more gets you a laptop that’s not so dependent on having a continuous online connection.Although smartphones and tablet computers get much of the attention these days, laptops are still more desirable for people who do a lot of typing or other heavy-du
TechnologyDec. 4, 2013
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[Photo News] Starbucks santas
IndustryDec. 4, 2013
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Seoul shares drop 1.12 percent on Fed tapering woes
South Korean stocks sank 1.12 percent Wednesday as better-than-expected economic data from the United States revived woes that its central bank may scale back a massive stimulus measure in the near future, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 22.56 points to 1,986.80. Trading volume was low at 226 million shares worth 3.57 trillion won ($3.36 billion) with losers outpacing gainers 521 to 283.Analysts said Se
Dec. 4, 2013
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Seoul shares trade lower in late-morning trade
South Korean stocks traded 0.85 percent lower late Wednesday morning on losses in technology firms and mobile carriers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) shed 17.15 points to 1,992.21 as of 11:20 a.m.Tech shares continued to trade mostly lower, with market behemoth Samsung Electronics falling 1.3 percent and flat panel maker LG Display losing 2.1 percent. Top chipmaker SK hynix, in contrast, gained 0.43 percent.Mobile carriers traded bearish, with SK Telecom m
Dec. 4, 2013
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LTE subscribers near 27m in S. Korea
The number of subscribers to the so-called long-term evolution (LTE) mobile network in the country reached 27 million last month, with over 50 percent of mobile phone users using the faster wireless coverage, industry data showed on Wednesday.According to the data compiled by the country's three mobile carriers, some 27.35 million people subscribed to the LTE service as of end-November, accounting for slightly more than half of the country's 54.4 million mobile phone users.The end-November figur
TechnologyDec. 4, 2013
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China rejects U.S. concerns over Huawei deal in S. Korea
China rejected Wednesday concerns of a possible spying risk from U.S. lawmakers over a recent deal signed between a South Korean mobile carrier and China's Huawei Technologies Co.LG Uplus Corp., South Korea's third-largest mobile carrier, signed a deal in October with Huawei that allows the Chinese telecoms equipment maker to build a mobile network in South Korea, were some 28,500 American troops are stationed. U.S. defense officials and influential lawmakers, including Democratic senators Diann
Dec. 4, 2013
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S. Korea's foreign reserves hit record high in Nov.
South Korea's foreign-exchange reserves hit a record high in November on the back of increased profit on investment, the central bank said Wednesday. The country's foreign reserves totaled a record US$345.01 billion as of end-November, up $1.79 billion from the previous month, according to the Bank of Korea (BOK). The foreign reserves rose for the fifth consecutive month last month after declining by the largest amount in 13 months in June.In October, the figure grew by the biggest monthly gain
Dec. 4, 2013
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Seoul shares open lower on weak U.S. tapering woes
South Korean stocks opened lower Wednesday as the rising woes over an earlier-than-expected tapering of U.S. quantitative easing dented investors' sentiment, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) lost 9.62 points, or 0.48 percent, to 1,999.74 in the first 15 minutes of trading.Tech shares traded lower, with No. 1 Samsung Electronics moving down 1.03 percent and its rival LG Electronics falling 0.75 percent. Flat panel maker LG Display shed 1.05 percent.Shipbuilder
Dec. 4, 2013
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Foreign financial firms urged to bolster internal controls
The nation’s top financial watchdog urged foreign financial firms operating in Korea to strengthen their internal controls to prevent financial wrongdoings.Financial Supervisory Service Governor Choi Soo-hyun issued the call when he met a group of CEOs of foreign financial companies in Seoul on Tuesday.“Foreign financial firm CEOs need to pay attention to in-house control and involve themselves directly in the efforts to prevent financial mishaps,” he said, adding that the misconduct and wrongdo
Dec. 3, 2013
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Sony Korea assembles eco-friendly programs
Sony Korea has developed an eco-friendly management program, part of a diverse number of campaigns comprising Sony Corp.’s global environment project “Road to Zero.”Since the company first adopted its environmental management system in 1999, it has made efforts towards green manufacturing and energy saving throughout all the stages of production and supply. It has built a database system to regularly collect environmental activity data and has made its carbon footprint public on its website. Son
IndustryDec. 3, 2013
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Korea to allocate W11tr in housing loans
The government will provide mortgage loans worth 11 trillion won ($10 billion) next year to vitalize the sagging real estate market, the Ministry of Land, Infrastructure and Transport said Wednesday.Further, the Land Ministry ― in coordination with the Finance Ministry ― plans to set the housing-purchase annual lending rates at between 2.8-3.6 percent in a bid to ease the financial burdens on middle- and low-income households.The Land Ministry, however, said it would cut the number of new “Happy
Dec. 3, 2013
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Hyundai Motor to regain customer loyalty on home turf
Hyundai Motor, which has gradually been losing customers to foreign brands on its home turf in recent months, on Tuesday unveiled a revamped membership program that aims in part to lure back loyal customers. The combined domestic market share of Hyundai and its affiliate Kia Motors slid from 83.2 percent in March to 78.3 percent in November.Despite its strong performance in overseas markets, Hyundai’s domestic car sales fell 11.9 percent to 54,302 vehicles last month from a year ago. “It is true
IndustryDec. 3, 2013
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Green Climate Fund kicks off in Songdo
The Green Climate Fund will kick off its operations in Korea on Wednesday, with a fund-raising operation on a similar scale to that of the International Monetary Fund.In late 2012, Songdo in Incheon was chosen as the permanent home to the environment-oriented fund, beating two major competitors ― Geneva, Switzerland, and Bonn, Germany ― in the competition to host the secretariat.Its total fund-raising is estimated to reach $800 billion (880 trillion won) in the coming years, approaching the leve
Dec. 3, 2013
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Audi Korea aims to sell 22,000 cars next year
Audi Korea said Tuesday that it has set next year’s sales goal at 22,000 vehicles. With three new car launches planned, the carmaker has pinned especially high hopes on the A3 hatchback, the smallest, cheapest Audi car, thus far absent in Korea.Audi, taking advantage of the recent popularity of German luxury car brands here, achieved this year’s sales goal in October. In the first 10 months of this year, the carmaker sold 16,514 vehicles here, a 30.6 percent growth from a year ago.Next year, the
IndustryDec. 3, 2013
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Half of Samsung CEOs are from electronics affiliate
More than half of the 31 CEOs of Samsung Group’s subsidiaries were found to have come from Samsung Electronics following the group’s major executive reshuffling on Monday.News reports noted that 17 of the 31 CEOs of affiliates are from the electronics arm, the group’s core subsidiary.Eight executives were promoted to president in Monday’s reshuffle. Among them, five were from Samsung Electronics: Kim Young-ky, Kim Jong-ho, Cho Nam-seong, Won Gee-chan and Lee Seon-jong.The tech firm has retained
BusinessDec. 3, 2013
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Korean bakery shop accepts bitcoin payments
A bakery shop has started accepting payments in bitcoin, an electronic currency, for the first time in South Korea, the shop operator said Tuesday, heralding the arrival of a new payment system and a new form of currency in the country. The franchise shop in Incheon, just west of Seoul, introduced the payment system on Sunday through which customers can buy goods with bitcoins, according to the operator Lee Jong-soo.Bitcoin is a digital currency used for online and offline purchases and is also
IndustryDec. 3, 2013
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LG G2 gets eco-friendly recognition from U.S.
LG Electronics’ eco-friendly activities have been recognized by the Illinois, U.S.-based Underwriters Laboratory Environment. The nation’s second-largest electronics maker received the highest-level Platinum certificate for its eco-friendliness. LG said on Tuesday its flagship smartphone LG G2 has earned the Ecologo, a widely recognized standard for handset sustainability that was developed by ULE.The company also received the CarbonFree label from the Maryland-based nongovernmental Carbonfund.o
IndustryDec. 3, 2013