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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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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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 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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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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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More than 120 firms cut pay of execs this year
More than 120 companies slashed the salaries of their highly-paid executives, data showed Sunday, in what could be an attempt to avoid a mandatory remuneration disclosure.Listed companies are required to reveal the salary details of executives whose annual income tops 500 million won ($472,000) under a revised bill on the capital market.South Korean listed firms had been previously making only the average annual salaries of their executives open to the public. Last year, 219 companies paid more
IndustryDec. 1, 2013
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S. Korea's trade surplus widens in Nov.
South Korea's trade surplus widened from a year earlier in November as its exports grew slightly while imports inched down, the government said Sunday.The country's outbound shipments came to a little over $47.91 billion, up 0.2 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.Imports, on the other hand, slipped 0.6 percent on-year to some $43.11 billion. Trade surplus came to about $4.8 billion, marking the 22nd consecutive month the country posted
Dec. 1, 2013
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SKorea to start talks on joining US-led trade pact
SEOUL, South Korea (AP) – South Korea said Friday it will start negotiations to join a U.S.-led trade pact covering a dozen Pacific and Asian nations.The finance ministry said in a statement that officials will explore the possibility of joining the Trans-Pacific Partnership through the preliminary negotiations.The move is a first step and doesn't commit South Korea to becoming part of the agreement but the trade ministry has been talking up its benefits for the economy.Joining the trade bloc of
Nov. 29, 2013
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[Photo News] Ultimate Genesis experience
MobilityNov. 29, 2013
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Consumers take action on Kookmin
A group of borrowers are set to call for financial regulators to conduct a full-fledged investigation into KB Kookmin Bank, criticized for its alleged financial wrongdoings, the Korea Consumer Agency said Friday.Their protest against the bank comes after the Financial Supervisory Service recently publicized several instances of misconduct by the lender at home and abroad, said the consumer advocacy group.The alleged wrongdoings included embezzlement, money laundering, unauthorized lending and ov
Nov. 29, 2013
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Lee H.B. appointed LG International CEO
LG International’s board of directors appointed Lee Hee-beom, the company adviser and chairman of the Korea Employers Federation, as its new CEO and vice chairman, the company said Friday. He is scheduled to begin his term in January.Lee is known to have extensive expertise in resources and overseas business, with four decades of experience in politics, government and industry. He has served as an adviser to LG International since June. The new head holds a bachelor of science in computer engine
IndustryNov. 29, 2013
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Seoul to consider joining Pacific trade pact: minister
Deputy Prime Minister and Finance Minister Hyun Oh-seok said Friday that the government needs to carefully review Korea’s participation in the Trans-Pacific Partnership called TPP, a U.S.-led move to create a free trade bloc linking Pacific Rim states.Speaking at a meeting with trade-related ministers, Hyun said it is necessary for the government to express interest in the participation in the TPP and to hold bilateral preliminary consultations with the participating countries.The U.S. has spear
Nov. 29, 2013
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LG Uplus to invest W1.5tr in network building
LG Uplus, the nation’s third-largest telecom operator, said that it would invest 1.5 trillion won ($1.4 billion) to build wire and wireless networks, including a 2.6 GHz long-term evolution system. The amount is equivalent to 39.6 percent of its capital and roughly equivalent to its total investment in facilities for this year, which amounts to 1.5 trillion won. The company is pushing ahead with the investment in 2.6 GHz that it acquired during the government frequency bidding in September, hopi
IndustryNov. 29, 2013
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Allianz begins voluntary redundancies to cut costs
Allianz Life Insurance Korea has begun its first restructuring in a decade in a desperate effort to break out of a long slump, industrial sources said on Friday. A 32 billion won ($30 million) net loss in 2012 is prompting the 1,650-staff company to launch a retirement program to cut jobs, the sources said. It is the first time for the foreign insurer to implement a voluntary retirement program since 2003.Early this week, company CEO Lee Myung-jae informed all employees that the company could no
Nov. 29, 2013
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FTA talks with Japan, China see progress: Seoul
The latest round of talks with Japan and China for a trilateral free trade agreement has ended after productive discussions and working group meetings on the specifics of the proposed deal, the Seoul government said Friday.The four-day talks have been held in Tokyo since Tuesday, according to the Ministry of Trade, Industry and Energy.“At this round of negotiations, the sides held discussions on the modality (guidelines) for negotiations in the area of products, the scope of negotiations and the
Nov. 29, 2013
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Seoul shares close almost flat amid stagnant consumption
South Korean stocks closed almost flat Friday due mainly to the fact investors sat on the sidelines amid weak consumers' sentiment from home and abroad, analysts said.The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 0.9 points, or 0.04 percent, to 2,044.87. Trading volume was low at 240.7 million shares worth 3.37 trillion won (US$3.18 billion) with gainers outpacing losers 402 to 379.Analysts said Seoul shares lost ground as investor
Nov. 29, 2013
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Seoul shares trade almost flat in late-morning trade
South Korean stocks traded almost flat late Friday morning as investors took a wait-and-see approach on U.S. and Chinese data, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) shed 12.73 points, or 0.06 percent, to 2,044.56 as of 11:20 a.m.Shares lost ground across the board, with tech giant Samsung Electronics falling 0.4 percent and No. 1 carmaker Hyundai Motor losing 0.59 percent. Top chipmaker SK hynix lost 0.56 percent.The local currency was changing hands at 1,059.45 w
Nov. 29, 2013
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S. Korea, China agree to joint research in Antarctica
South Korea and China have agreed to strengthen their maritime cooperation that will include the mutual use of their assets in the Antarctic for joint research, the South Korean government said Friday.The agreement came at the latest bilateral talks on maritime cooperation held in Beijing on Thursday, according to the Ministry of Oceans and Fisheries.At this week's meeting, the 12th of its kind, "the two sides agreed to pursue a joint survey of the sea in the polar region, using the two countrie
TechnologyNov. 29, 2013
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S. Korea's industrial output grows 1.8 pct on-month in Oct.
South Korea's industrial output grew at the fastest pace in 11 months in October, raising hopes that the economy might be picking up its recovery momentum, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries gained 1.8 percent last month from a month earlier. This marked the fastest growth since November of last year when it increased 2.1 percent. It also represented a turnaround from a revised 2.3
Nov. 29, 2013
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S. Koreans' overseas card spending hits new record high in Q3
South Koreans' overseas credit card spending rose to a fresh record high in the third quarter as the number of outbound travelers increased amid the local currency's ascent, the central bank said Friday.Overseas credit card bills totaled US$2.71 billion in the July-September period, up 7.3 percent from three months earlier, according to the Bank of Korea (BOK).The BOK said that the number of outbound travelers sharply rose last quarter, making spending on overseas travel increase.In the cited pe
Nov. 29, 2013
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Seoul shares open flat on QE woes
South Korean stocks opened almost flat Friday as investors took a wait-and-see approach on a possible tapering of quantitative easing (QE) by the U.S. Federal Reserve, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) shed 0.96 points, or 0.05 percent, to 2,044.81 in the first 15 minutes of trading.Tech shares traded mixed, with market behemoth Samsung Electronics losing 0.13 percent, while SK hynix gained 0.99 percent. LG Electronics fell 0.29 percent.Shipbuilders lost groun
Nov. 29, 2013
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[Graphic News] Unemployed married women
Nearly one out of five married women was found to have discontinued her career due to marriage, childbirth or the education of her children, according to Statistics Korea. It said the number of married women between the ages of 15 and 54 is 9.71 million this year. Among them, 4.06 million women are unemployed and 1.95 million women have left their careers.
Nov. 28, 2013
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Sarcomas
Sarcoma is a type of cancer that arises from stem cells. It can develop from muscle, fat, nerve, vascular, cartilage or bone tissues. Sarcomas are broadly classified into soft-tissue sarcomas and osteosarcomas. Soft-tissue sarcomas can arise in any part of the body, but mainly the limbs and retroperitoneum, an area at the back of the abdominal cavity, while osteosarcomas are often found in the limbs. Soft-tissue sarcomas can be further divided into liposarcomas, rhabdomyosarcomas, neurofibrosarc
TechnologyNov. 28, 2013
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Feeling itchy after a hot shower? Think about hives
Kim Dong-young, a 22-year-old student, had been scratching his skin almost every day, particularly after showering. “I can’t help but scratch my skin to death because I feel itchy and stingy all over my body at the same time,” he said. “My skin then gets blood red and swollen. It looks so ugly.” Kim applied moisturizers for the last three months, thinking that the rash may have been caused by the dry weather. However, he learned from a dermatologist last week that the rash had nothing to do with
TechnologyNov. 28, 2013
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Korea to ease rules for FEZ hospitals, schools
The Park Geun-hye administration is considering easing a set of business regulations on medical institutions and schools in free economic zones nationwide.During a policy briefing to the president on Thursday, the National Economic Advisory Council unveiled a vision to develop the service industry by lifting outdated barriers in terms of attracting foreign capital to the FEZs in Incheon and other regions. For the medical sector, the NEAC recommended eliminating the requirements that foreign hosp
Nov. 28, 2013