Most Popular
-
1
Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
-
2
Seoul bus drivers go on general strike, cause morning rush hour delays
-
3
Korea enters full election mode
-
4
Official campaigning kicks off for April 10 elections
-
5
Dialogue hopes fade as doctors pick hard-liner as new head
-
6
Immigrant woman stabbed to death by Korean husband
-
7
Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
-
8
[Election Battlefield] Political novice to face off star politician in ‘swing district’
-
9
[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
-
10
Seoul’s bus union prepares for strike
-
Seoul shares down 0.11 pct on eurozone woes
South Korean stocks closed 0.11 percent lower Friday due to rising concerns over the eurozone fiscal crisis, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.11 points to 1948.71. Trading volume was low at 244 million shares worth 3.28 trillion won (US$2.94 billion), with gainers outnumbering decliners 426 to 370."While investors are taking a wait-and-see stance on the recovery of the U.S. economy, the crisis in the eur
March 22, 2013
-
Lightest material on Earth created: scientists
Scientists at Zhejiang University in Hangzhou, China, claimed they have developed the lightest solid material on Earth that can balance on top of a flower. The material, called "graphene aerogel," is a combination of freeze-dried carbon and graphene oxide, weighing only 0.16 mg per 1 cubic centimeter. The graphene, hailed as a "wonder material," was first developed by Russian-born physicists working at the University of Manchester, who managed a 1-atom-thick graphene flake by continuously peelin
TechnologyMarch 22, 2013
-
Seoul shares open lower on Cyprus woes
South Korean stocks opened lower Friday as investors took a wait-and-see stance due to the rising concerns over the eurozone economy following an aborted rescue plan for Cyprus, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.99 points, or 0.2 percent, to 1946.83 in the first 15 minutes of trading. Carmakers traded lower, with No. 1 industry player Hyundai Motor losing 0.47 percent, and its smaller affiliate Kia Motors moving down 0.18 percent. Top auto parts make
March 22, 2013
-
‘Chinese IP used in cyber attack’
The unprecedented cyber attack that crashed the computer networks of major South Korean broadcasters and banks Wednesday used malicious codes from China, Seoul’s investigators said on Thursday, raising suspicions that North Korea may be behind the attack. The Korea Communications Commission said the malware codes from an Internet protocol address in China were found to be the cause of the cyber attack on KBS, MBC and YTN, and the three banks including Shinhan.A total of 31 servers and 32,000 PCs
IndustryMarch 21, 2013
-
[Graphic News] Government agencies most common target of cyber attacks
Government agencies and public institutions have been more exposed to cyber attacks than any organization in the private sector, a study showed.The private Financial Security Agency said Thursday that the number of daily responses to cyber attacks from government and public organizations in 2011 was an average 20.5 times.The financial sector, which was a target of Wednesday’s hacking attack, also responded 11.8 times on a daily basis to Advanced Persistent Threats. APT is a type of targeted cybe
March 21, 2013
-
Hackers used diverse methods
The latest nationwide hacking attack on Korea appears to have conspired via a wide assortment of methods, including the distribution of malicious spamware and seizing data servers. Network software at some of the hacking targets also was damaged after the culprits targeted the more vulnerable aspects of the software. The broadcasters, for instance, suffered damages to the boot sector of their operating systems, while the databases at banks such as Shinhan and Nonghyup malfunctioned because of at
TechnologyMarch 21, 2013
-
Pediatric strabismus
Strabismus refers to the condition where, when a person is looking at an object, one eye looks directly at the object while the other eye is looking elsewhere. Pediatric strabismus is a common condition seen in approximately 2 percent of children. This can be a cosmetic problem, and may cause a developmental delay in normal visual function, and poor vision. Therefore, early diagnosis and treatment is important. Strabismus is divided into various forms depending on the expression type. Intermitte
TechnologyMarch 21, 2013
-
Treating ADHD without drugs
From horseback riding to physical exercise, new therapies designed to balance the brain and better emotional conditions are raising hopes to treat attention deficit hyperactivity disorder without drugs. Chung Yoo-sook, a doctor at the department of neuropsychiatrics at Samsung Medical Center, plans to run a three-month clinical trial to test the effectiveness of a horseback riding program in treating ADHD children. Typical treatment methods for ADHD patients are mostly drug-based, using attentio
TechnologyMarch 21, 2013
-
Banks still sidelined by cyber attacks
Banks in Korea that had been exposed to malware allegedly planted by North Korea to cause a nationwide network crash were back in business tending to their daily customers, financial authorities said Thursday.However, it may take a while to fully normalize their operations as the country’s financial regulators said that banks such as Nonghyup are still trying to retool some of their networks linked to automated teller machines.Shinhan Bank said that it has restored its system and is operating at
March 21, 2013
-
KEPCO-led consortium bags $2.3b Vietnam power deal
An international consortium led by state-run Korea Electric Power Corp. clinched a $2.3 billion deal to build a thermal power plant in Vietnam, KEPCO said Thursday.Under a build, operation and transfer deal, the consortium will build the coal power plant with a generation capacity of 1.2 million kilowatts by 2018 and operate the plant for the next 25 years before it is transferred to Vietnamese government.KEPCO and Japan’s Murabeni Corp. will have a 50 percent stake each in the power plant.The d
TechnologyMarch 21, 2013
-
Meritz Fire to raise W55.5b through rights offering
Meritz Fire & Marine Insurance Co., a South Korean nonlife insurer, said Thursday it plans to raise 55.5 billion won ($49.6 million) via a rights offering in a bid to improve its financial soundness. A total of 4.63 million new shares will be issued at 11,990 won each, of which 4.57 percent will be allotted to the Government of Singapore Investment Corp., a Singapore sovereign wealth fund, the company said in a regulatory filing. Meritz Fire had been pushing for issuing new shares in a bid to im
TechnologyMarch 21, 2013
-
LGE asks Samsung to pay for patents
LG Electronics Inc. on Thursday accused Samsung Display Co. and Samsung Electronics Co. of illegally using its technology and demanded the two companies pay for the patents, the latest development in the Samsung-LG display feud.Samsung Display and LG Display Co., the world’s two biggest display makers, have been embroiled in a patent tussle over organic light-emitting diode and liquid crystal display technologies that later expanded to their TV-making affiliates Samsung Electronics and LG Electr
TechnologyMarch 21, 2013
-
Shares down 0.44 percent on Q1 earnings woes
South Korean stocks closed 0.44 percent lower Thursday due the gloomy outlook over first-quarter corporate earnings, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 8.59 points to 1950.82. Trading volume was low at 258 million shares worth 3.52 trillion won ($3.16 billion), with decliners outnumbering gainers 493 to 295.“Local shares trade lower despite the U.S. Federal Reserve’s decision to maintain stimulus measures due to t
March 21, 2013
-
9 insurers fined for colluding to fix commission rates
SEJONG (Yonhap News) ― South Korea’s antitrust watchdog said Thursday that it has fined nine life insurers a combined 20.14 billion won ($18.06 million) for colluding to fix commission rates.The nine are Samsung Life Insurance, Kyobo Life Insurance, Hanwha Life Insurance, Shinhan Life, MetLife, Prudential Life Insurance, ING Life Insurance, AIA and Allianz Life Insurance, according to the Fair Trade Commission.The watchdog found that they colluded to fix commission rates by setting the minimum a
March 21, 2013
-
Korea’s FDI inflow lags behind global peers
Foreign direct investment in South Korea hovered below that of global peers last year, data showed Thursday, apparently due to the lack of positive leads in the local economy.South Korea’s FDI inflow came to $9 billion in 2012, down 11.9 percent from $10.2 billion tallied a year earlier, according to the data compiled by the United Nations Conference on Trade and Development.The number lags behind $119.7 billion for China, which edged down 3.4 percent over the cited period. India and Malaysia sa
March 21, 2013
-
SKT to offer limitless voice calls to smartphone users
SK Telecom, the nation’s largest mobile operator, announced Thursday a set of new price plans that promise unlimited voice calls among its subscribers and free text messaging for all smartphone users. The company also unveiled a monthly data scheme that allows its Long Term Evolution subscribers to share networks with up to two mobile devices free of charge. Until now, users had to pay 9,000 won monthly per device. The new plans came as the market No. 1 player pledged to put more emphasis on pro
IndustryMarch 21, 2013
-
Hyundai Motor to create more jobs for underprivileged
Hyundai Motor Group on Thursday pledged a new investment plan worth 32 billion won ($28 million) over the next five years that would support “social enterprises” and create more jobs for young job-seekers and underprivileged people. As part of the plan, the Korean auto giant said it would create 750 jobs by 2017 through a venture start-up program that inspires young people to start a new business that benefits society as well as seeking profits. The carmaker, in cooperation with the Labor Minis
IndustryMarch 21, 2013
-
Samsung preparing wristwatch as it races Apple for sales
Samsung Electronics is developing a wristwatch as Asia’s biggest technology company races against Apple Inc. to create a new industry of wearable devices that perform similar tasks as smartphones. “We’ve been preparing the watch product for so long,” Lee Young-hee, executive vice president of Samsung’s mobile business, said during an interview in Seoul. “We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them.” Lee had no co
TechnologyMarch 21, 2013
-
Samsung C&T mulls giving up right to Yongsan project
Samsung C&T, the construction and trading arm of Samsung Group, said it is considering returning the right to build a landmark building in Yongsan to state-run rail operator KORAIL to join collective efforts to revive the faltering Yongsan property development project.“The company is in internal discussions on whether to give up the construction right worth 1.4 trillion won ($1.2 billion) as KORAIL requested, which will make it possible for the railroad operator to restructure the Yongsan projec
IndustryMarch 21, 2013
-
KRX aims to become world’s No. 7 exchange-traded fund operator by 2020
The Korea Exchange is closely competing with bourses in major countries in the “exchange-traded fund” market.According to the nation’s main bourse operator, also called the KRX, Seoul ranked 10th in the world’s ETF market last year as the net asset value of the funds hovered around 14 trillion won ($12.8 billion).An ETF, or exchange-traded fund, refers to an investment fund traded on stock exchanges and represents a basket of stocks that reflect an index. It provides small and institutional inve
March 21, 2013