Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Common genetic problem linked to 5 mental disorders
PARIS (AFP) ― Five major psychiatric disorders share a common problem in several faulty genes, according to the biggest study of its kind published on Thursday.In the widest trawl yet of genetic mutations linked with mental disorders, US-led researchers looked through the DNA code of 33,332 people with autism, attention deficit-hyperactivity disorder (ADHD), bipolar disorder, major depressive disorder or schizophrenia.Their genomes were matched against 27,888 “controls,” or people who did not ha
TechnologyFeb. 28, 2013
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Manufacturers’ March biz sentiment hits 8-month high
South Korean manufacturers’ business confidence for March rose to the highest level in eight months on a seasonal factor and hopes for the new government’s economic stimulus, the central bank said Thursday.The index gauging manufacturers’ outlook on business conditions came in at 76 for March, up from 72 recorded for February, according to a monthly survey by the Bank of Korea. The index measures manufacturers’ expectations for the coming month.It marked the highest level since the index hit 81
Feb. 28, 2013
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KT&G removes ‘light,’ ‘mild’ from tobacco brand names
KT&G said Thursday that it began changing names for four of its tobacco products, removing words that can create a false impression that cigarettes are harmless to the body.Starting from the beginning of February, the company began changing name of “Timeless TIME Lights” to “Timeless TIME MID” and three kinds of the “Esse Soon” lineup to “Esse Soo.” “Soon” in Korean stands for “pure” or “mild” and soo means “excellent.” Last September, the government planned to revise the National Health Promoti
IndustryFeb. 28, 2013
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Credit card transactions hit record high
Credit card transactions by Koreans traveling abroad hit a record high of nearly $10 billion in 2012.The Bank of Korea said Thursday that more than 20 million Koreans settled their bills overseas via credit card last year, up about 17 percent from 17.4 million the year before.Credit card payments overseas amounted to $9.4 billion, up about 9 percent from $8.6 billion in the same period.Although credit transactions reached an all-time high, payments per person stood at just $464 on average, down
Feb. 28, 2013
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Hyundai, Daishin, IBK brokerages post deficits
The securities industry recorded worse-than-expected earnings during the October-December 2012 period amid a sharp drop in stock brokerage fees collected in the ongoing economic slowdown.Further, some major brokerage firms saw their performance fall into “deficit,” industry and Financial Supervisory Service data showed Thursday. Among them are Hyundai Securities, Daishin Securities and IBK Investment & Securities.Hyundai Securities, a subsidiary of Hyundai Group, is noted as one of the nation’s
Feb. 28, 2013
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Industrial output drops 1.5% on-month in Jan.
SEJONG (Yonhap News) ― South Korea’s industrial output shrank for the first time in five months in January amid worries that industrial activities might be slowing amid toughened economic conditions, a government report showed Thursday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries dropped 1.5 percent last month from a month earlier. It is the first on-month output contraction since August.The output still expanded 7.3 percent
TechnologyFeb. 28, 2013
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Sales of Hyundai’s Avante top 1m units in China
South Korea’s top automaker Hyundai Motor Co. said Thursday that cumulative sales of its Avante compact have surpassed 1 million units in China about five years after its debut there.The milestone comes after Beijing Hyundai Motor Co., a 50-50 joint-venture between Hyundai and Beijing Automotive Group, unveiled the Avante HD, called the Yuedong, in the world’s largest auto market in April 2008.Hyundai has said it invested 65 billion won ($60 million) in developing the Yuedong by reflecting Chine
TechnologyFeb. 28, 2013
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Korea may cut tax exemptions to fund welfare
Following is the second in a series of stories featuring economic issues facing the Park Geun-hye government which was inaugurated on Feb. 25. ― Ed.With President Park Geun-hye sworn in as the country’s 18th chief executive Monday, her administration’s first economic task as important as the North Korean nuclear issue in diplomacy is restructuring the tax system to secure a budget to finance welfare.As pledged during her campaign as well as during her inauguration speech where she said she aims
Feb. 28, 2013
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[Photo News] Nostalgia discount
IndustryFeb. 28, 2013
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Government to focus on stabilizing costs of daily life
SEJONG (Yonhap News) ― The government will work hard to maintain the current stabilizing trend of inflation in a bid to help the livelihoods of ordinary working people struggling with the rising cost of daily life, the Finance Ministry said Thursday.Thanks to the government’s efforts to keep inflation under control, the country’s consumer prices have stayed in the 2 percent range but the costs of daily life for low and middle income earners remain relatively high, the ministry said in a report a
Feb. 28, 2013
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Automakers, steelmakers hit by weaker yen
South Korean automakers, steelmakers and others are expected to see their profitability decline as they lose their foothold in overseas markets due mainly to the weakening Japanese yen, a report said Thursday.According to the report compiled by the Korea Trade-Investment Promotion Agency, Japanese carmakers saw their combined sales in the U.S. soar 16 percent last month as the yen extended its loss against the U.S. dollar.The South Korean steelmakers are also expected to face a decline in their
Feb. 28, 2013
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Tablet PC shipments in Korea to soar 49% this year: report
Tablet PC shipments in South Korea are expected to spike this year on a variety of product line-ups and growing use of mobile devices, a report showed on Thursday.According to the data by market researcher IDC Korea, shipments of tablet PCs in the country are estimated to reach 1.87 million this year, up 49 percent from last year.In 2012, the local tablet PC market contracted 10.1 percent on-year to 1.25 million as demand for smartphones dwarfed that for tablet PCs, the research firm said.IDC Ko
Feb. 28, 2013
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Cosmetic prices drop on industry woes
The price of cosmetics is experiencing a downward trend on the back of a slowing industry and free trade agreements designed to ease the tariffs on such products.On Thursday, Shiseido of Japan said it would be lowering the prices of three top-selling sunscreen products from its Anessa line by 5,000 won ($4.60), starting next month. Stila, a U.S.-based cosmetics brand, has slashed prices on 120 products since last week, with discounts of up to 10 percent. Stila’s One Step Correct, which cost 62,0
IndustryFeb. 28, 2013
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IP Boutique charms tourists with unique service
With a burgeoning demand from foreign tourists whose number topped 10 million last year, self-proclaimed boutique hotels are expected to spring up in Seoul.But not all of them will be worthy of the name “boutique,” said Thomas Ji, general manager of IP Boutique Hotel in Itaewon.“I believe the city needs more small and medium-sized hotels, but a boutique hotel will be a boutique hotel only when it offers unique service in addition to stylish hardware,” Ji said in an interview with The Korea Heral
Feb. 28, 2013
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Seoul shares up 1.12 pct on U.S. stimulus
South Korean stocks closed 1.12 percent higher on Thursday, spurred by the U.S. Fed's confirmation of its plan to maintain stimulus measures, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) surged22.45 points to 2,026.49. Trading volume was moderate at 414.3 million shares worth 4.09 trillion won (US$3.77 billion) with gainers outpacing losers 565 to 235."The anticipated automatic spending cuts by the United States had only
Feb. 28, 2013
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Apple CEO: 'Great stuff' to come
Apple CEO Tim Cook sought to reassure shareholders worried about the company's sagging stock price that the iPhone and iPad maker is on the verge of inventing more breakthrough products that will prove it hasn't lost its creative edge. ``The company is working as hard as ever, and we have some great stuff coming,'' Cook told shareholders Wednesday before taking their questions during Apple's annual meeting at its Cupertino, California, headquarters. True to Apple's secretive nature, Cook didn't
TechnologyFeb. 28, 2013
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Food allergies affect children’s growth
Food allergies in children -- especially if multiple foods are involved -- may affect growth, U.S. researchers say. Study author Dr. Brian Vickery, a pediatric allergist and immunologist in Durham, N.C., and colleagues at the University of North Carolina in Chapel Hill reviewed the charts of children ages 1 month to 11 years who had visited outpatient clinics from 2007 to 2011. From the chart reviews, 245 food allergic children were identified. Height, weight and body mass index percentiles of t
TechnologyFeb. 28, 2013
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Seoul shares up 0.81 pct in late-morning trade
South Korean stocks traded 0.81 percent higher late Thursday morning fueled by gains in blue chip exporters, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) climbed 16.28 points to 2,020.32 as of 11:20 a.m.Blue chip exporters led the gain, with market behemoth Samsung Electronics advancing 1.31 percent and top chipmaker SK hynix adding 1.52 percent.Carmakers also gathered ground, with No. 1 player Hyundai Motor increasing 0.7 percent and its smaller affiliate Kia Motors cli
Feb. 28, 2013
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Dying stars may have planets with life
Dying stars may have planets with life, U.S. astronomers say, and it might even be easier to detect such planets than around a sun-like star.Scientists at the Harvard-Smithsonian Center for Astrophysics say a new theoretical study of Earth-like planets orbiting white dwarf stars suggests we could detect oxygen in the atmosphere of a white dwarf’s planet much more easily than for an Earth-like planet orbiting a sun-like star.“In the quest for extraterrestrial biological signatures, the first sta
TechnologyFeb. 28, 2013
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S. Korea's industrial output drops 1.5 pct on-month in Jan.
South Korea's industrial output shrank for the first time in five months in January amid worries that industrial activities might be slowing amid toughened economic conditions, a government report showed Thursday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries dropped 1.5 percent last month from a month earlier. It is the first on-month output contraction since August.The output still expanded 7.3 percent compared with a year e
Feb. 28, 2013