Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[Music in drama] Rekindle a love that slipped through your fingers
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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 Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Children who drink skim milk fatter
U.S. children ages 2-4 who drank skim milk or 1 percent milk had higher body mass index than those drinking whole milk, researchers say. Rebecca Scharf and Mark DeBoer, both of the University of Virginia School of Medicine, and Ryan Demmer of Mailman School of Public Health at Columbia University said the study involved 10,700 pre-school children. At age 2 the children body mass index was calculated and parents were asked what type of milk they gave their children. The children, a representative
TechnologyMarch 21, 2013
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New 3-D method developed for mobile phones
Mobile phone users may soon be able to enjoy 3-D pictures and videos on their devices.Researchers at Hewlett-Packard Co. said that they had developed a new way of putting glassless 3-D video onto mobile phones.Although Nintendo has already adopted 3-D technology for a handheld gaming console, users can enjoy 3-D displays only by centering their eyes on the screen.The newly developed technology portrays a 3-D object by creating 64 different points of view, allowing users to see its every angle on
TechnologyMarch 21, 2013
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Digital ‘talking head’ speaks for computer
A digital talking head named “Zoe” could be a first step toward a new era in human-computer interaction, British engineers say. The virtual “talking head” can express a full range of human emotions and could be used as a digital personal assistant or to replace texting with “face messaging,” the University of Cambridge reported Tuesday. Researchers at Toshiba‘s Cambridge Research Lab and the University of Cambridge’s Department of Engineering said the lifelike face can display emotions such as h
TechnologyMarch 21, 2013
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New iPhone lock screen bug surfaces
A new bug has popped up in Apple's iOS 6 operating system a day after it was updated to address an iPhone lock screen vulnerability, Arstechnica reported.While the security flaw is different from the passcode bug targeted by Tuesday's iOS 6.1.3 update, it results in the same risk -- that of giving unauthorized access to an iPhone's contact list and photos -- tech site said Wednesday.The process, demonstrated in a YouTube posting by user videosdebarraquito, involves ejecting the phone's SIM card
TechnologyMarch 21, 2013
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No deadline for S. Korea to decide on TPP talks: USTR chief
South Korea doesn't need to feel pressed for time in deciding whether to join the ongoing Trans-Pacific Partnership (TPP) negotiations, a top U.S. trade official said Wednesday."There's no formal deadline," Acting U.S. Trade Representative Demetrios Marantis said at a press conference for foreign journalists in Washington. "The idea is that if economies aren't ready right now, that they'll be able to join once it's done and essentially accede to the TPP."Marantis said an envisioned TPP deal woul
March 21, 2013
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[Graphic News] Chinese tourists outnumber Japanese for first time
The number of Chinese travelers to Korea exceeded Japanese travelers for the first time in February, the Korea Tourism Organization said Wednesday.KTO data revealed that about 219,400 Chinese tourists flew to Korea in February, a steep 61 percent increase compared to 132,900 in February, 2012. This indicates that three out of every 10 foreign tourists to Korea are Chinese, the KTO said. The data showed that the number of Japanese tourists who entered the country by flight between January and Feb
March 20, 2013
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FSS urges ‘caution’ in financial sector
Regulators issued a “caution” to the financial industry over possible cyberattacks in the wake of a network glitch in two financial groups on Wednesday.For several hours from around 2 p.m. on the day, two bank units of Shinhan Financial Group and three subsidiaries of Nonghyup Financial Group suffered serious problems in its online transaction systems.The Financial Supervisory Service immediately raised the alarm level for cybersecurity to “caution” from “attention.”The nation’s regulator also l
March 20, 2013
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KFS to expand overseas plantation projects
New Korea Forest Service Minister Shin Won-sop revealed that the government agency will soon launch a “carbon sink” program through forestation.In a written interview with The Korea Herald, the minister also explained the importance of forests and the history of the nation’s policy change on tree-planting, stressing the benefits forests give to the public.He said the KFS has been also enhancing overseas tree-planting activities with the aim of increasing long-term domestic timber supply, securin
March 20, 2013
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Korea celebrates International Forest Day
Thursday marks the first International Forest Day that the United Nations General Assembly proclaimed in December last year to encourage all U.N. member countries to organize forest-related activities, including tree-planting campaigns.This new annual global celebration of forests builds on the success of the International Year of Forests in 2011 and provides a platform to raise awareness of the importance of forests and trees outside forests.On the first International Day of Forests, countries
IndustryMarch 20, 2013
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Korean consortium wins Uzbek power plant order
Daewoo International Corp., a trading company affiliated with steelmaker POSCO, won an $819 million contract to build a thermoelectric power plant in Uzbekistan, company officials said Wednesday.The company, in a consortium with Hyundai Engineering & Construction, signed the deal with state-run Uzbekenergo on Tuesday. The three-year project involves the construction of two 450-megawatt steam power generation complex units in the southern Talimarjan area. The construction will be implemented on a
IndustryMarch 20, 2013
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BOK will not test Korean market: governor
The Bank of Korea will not test how the Korean economy performs and responds to its monetary policy, Governor Kim Choong-soo said in a meeting with economic researchers and professors on Wednesday.Kim’s remarks came in defense of the central bank’s decision to freeze its key base rate at 2.75 percent this month for the fifth straight month, reiterating that the global economy, albeit slowly, is heading for recovery.There has been consensus in the market that the central bank may move to lower it
March 20, 2013
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SK C&C taps Chinese mobile commerce market
SK C&C, one of the nation’s biggest IT service companies, on Wednesday said it secured an order to provide solutions for a mobile wallet for China Unicom Pay to pave the way into the Chinese mobile commerce market.With the deal, SK C&C has added a Chinese business partner to its list of counterparts in the U.S. that includes Google, FDC, PayPal and the Dunkin brands. China Unicom Pay is an affiliate of one of China’s top three mobile communications providers, China Unicom, which handles all paym
IndustryMarch 20, 2013
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LS Cable develops thinnest communications cable
LS Cable & System, a leading Korean wire and cable maker, said Wednesday it has developed what it claims is the world’s thinnest communications cable as part of its drive to target overseas markets.The cable, which measures 7 millimeter in outer diameter, is the world’s thinnest, compared with existing products that measure 7.2 to 8 millimeters in diameter, LS Cable & System said in a press release.The cable maker said the thinner diameter is easy to install and saves installation space, which c
IndustryMarch 20, 2013
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Hanwha E&C wins $270m Saudi order
Hanwha Engineering & Construction Corp., a South Korean builder, said Wednesday that it has signed a $270 million deal to build facilities to produce gold bars in Saudi Arabia.Under the deal with Ma’aden, Saudi Arabia’s state-owned mining company, Hanwha E&C will construct the facilities as well as a residence and research center near Al Humiyah, about 450 kilometers southwest of the kingdom’s capital Riyadh.The facilities, to be built in two years, will be capable of processing 2 million tons o
IndustryMarch 20, 2013
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Samsung to drop LCD patent suit against LG Electronics
Samsung Display Co., the world’s biggest display maker, has decided to drop a patent suit against LG Electronics Co. over liquid-crystal display technologies, paving the way for both sides to end a long-running legal battle, industry sources said Wednesday.The two display giants have been embroiled in a patent tussle over organic light-emitting diode (OLED) and LCD technologies that broke out on the heels of a police investigation into an alleged leak of technologies from Samsung Display to LG D
TechnologyMarch 20, 2013
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Shares down on Cyprus woes
South Korean stocks dropped 0.97 percent on Wednesday as investors stepped to the sidelines on an aborted bailout plan for Cyprus, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 19.15 points to 1,959.41. Trading volume was moderate at 322.4 million shares worth 3.7 trillion won ($3.3 billion), with decliners outnumbering gainers 562 to 251.“The Cyprus rejection raised concerns on the eurozone region and foreigners continued to
March 20, 2013
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KB Financial chief strives to settle conflict
KB Financial Group chairman Euh Yoon-dae has seemingly been successful in resolving the recent conflict between management and outside directors.Euh was tackling a false allegation ― raised by a KB Financial senior executive ― that some outside directors dispatched by financial authorities sought to block KB Financial from taking over ING Life Korea.Foreign investors were informed of the allegation, which had not been verified, via a report by the U.S.-based Institutional Shareholder Services In
March 20, 2013
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Samsung to drop LCD patent suit against LG Electronics
Samsung Display Co., the world's biggest display maker, has decided to drop a patent suit against LG Electronics Co. over liquid-crystal display technologies, paving the way for both sides to end a long-running legal battle, industry sources said Wednesday.The two display giants have been embroiled in a patent tussle over organic light-emitting diode (OLED) and LCD technologies that broke out on the heels of a police investigation into an alleged leak of technologies from Samsung Display to LG D
IndustryMarch 20, 2013
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Liberia, Dongwon in $6m fishing dispute
The Republic of Liberia in West Africa and a local fisheries company are caught in an escalating dispute possibly worth $6 million over illegal fishing in Liberian waters. Liberia recently said it would press criminal charges against Dongwon Industries ― Korea’s largest tuna brand ― for fishing with a forged license in its waters, according to both the Liberian government and Greenpeace. A Dongwon-owned tuna fishing vessel had been caught fishing with the fake documents in 2011 and 2012. License
IndustryMarch 20, 2013
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Charmzone ready to springboard into Russia
Skincare product maker Charmzone is eyeing Russia as its newest export destination on the recent success of its high-end cosmetics line that contains patented ingredients.The 29-year-old company, which made headlines in 1991 for becoming the first Korean cosmetics firm to obtain approval from the Japanese government to sell its products in the neighboring country, has built a reputation for solid quality.“Trade Representative of Russia in Korea Mikhail Bondarenko was so greatly impressed by our
IndustryMarch 20, 2013