Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Public braces for higher bus fares
The fees for intercity and express buses are poised to go up next month for the first time in two years and seven months.The Ministry of Land, Transport and Maritime Affairs said Friday that the fees for intercity buses and express buses would respectively rise by 7.7 percent and 4.3 percent on average, starting from March 2.“We have frozen the corresponding rates over the past two years and six months, out of consideration for the economic stagnation and the resulting burden on the people,” sai
Feb. 15, 2013
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Korean Air may buy stake in Czech Airlines
Korean Air, the nation’s biggest airline, is considering a bid for a stake in Czech Airlines to strengthen its presence in Europe, company officials said Friday.The carrier plans to reach a final decision after completing due diligence on the Czech Republic’s flag carrier later this month, said the officials, who wished to remain anonymous.This marks the first attempt of a domestic airliner to seek a stake in a foreign counterpart. If realized, the acquisition of the 44 percent stake would not i
IndustryFeb. 15, 2013
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Public firms face more duties, less red tape
State-run conglomerates that have been given enhanced management independence are about to bear bigger burdens to meet high expectations this year as the government wants them to maintain their leadership through profit increase and new business development.The Ministry of Strategy and Finance said Friday that it will keep its hands-off approach with Korea Gas Corp, Korea District Heating Corp, Incheon International Airport Corp. and Korea Airports Corp.The ministry has added Busan Port Authorit
IndustryFeb. 15, 2013
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Samsung chief’s brother appeals verdict
Lee Maeng-hee, the eldest brother of Samsung Electronics Chairman Lee Kun-hee, appealed a lower court verdict on Friday, court officials said, starting the second round of a legal battle between the estranged brothers over their inheritance.The Seoul Central District Court earlier this month ruled in favor of the chairman in inheritance lawsuits filed by his siblings. The siblings were demanding more than 4 trillion won (US$3.6 billion) in stakes in Samsung Group units.With the ruling, the count
IndustryFeb. 15, 2013
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Optimus L series’ sales top 15 million
LG Electronics Inc. said Friday it has sold more than 15 million units globally of its third-generation “Optimus L” phones.LG has sold more than 15 million units of the L3, L5, L7 and L9 models since first releasing the L3 model in March last year, the company said in a press release.The L series, noted for its rectangular design and third-generation connectivity, has been launched in 50 countries in Asia, Europe and the Americas.LG plans to promote a follow-up series of the line-up in countries
TechnologyFeb. 15, 2013
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BlackBerry may mull exit from Korea: sources
BlackBerry, a Canadian smartphone maker, may pull out of the South Korean market in the first half of this year due to sluggish sales, industry sources said Friday.Speculation arose of BlackBerry's possible exit from South Korea following its recent announcement that it plans not to unveil new products in Japan. Industry analysts took it as a move by BlackBerry to leave from South Korea and other countries in the region.Canadian-based Research in Motion (RIM) changed its name to BlackBerry in Ja
IndustryFeb. 15, 2013
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Seoul shares end higher amid weak EU growth
South Korean stocks closed marginally higher Friday as investors took a breather following a two-day rally and weak output data in the eurozone, analysts said.The local currency strengthened against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) edged up 1.57 points, or 0.08 percent, to finish at 1,981.18. Trading volume was heavy at 590.5 million shares worth 3.86 trillion won (US$3.56 billion) with gainers outpacing decliners 422 to 374."Lackluster corporate performan
Feb. 15, 2013
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Ilsung attains approval for revival plans
Ilsung Corp., a local manufacturer of equipment for oil refining and petrochemicals, said on Friday that as of last week, it was on track to get back on its feet. The company said that on Feb.7, the court issued an approval for its self-restructuring plans, which involved lay-offs and other efforts to trim down and stay more efficient. The move came less than a year since Ilsung first entered into court receivership in April of 2012. Ilsung, which had been recording sales of an annual 200 bi
IndustryFeb. 15, 2013
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U.S. scientists searching for alien life -- on Earth
Some U.S. scientists are helping search for evidence of alien life not by looking into outer space, but by studying some rocks right here on Earth.Some of the rocks are up to 3.5 billion years old. The scientists are looking for crucial information to understand how life might have arisen elsewhere in the universe and guide the search for life on Mars one day.“There's a story always hidden in rocks,” said geoscientist Clark Johnson, the lead investigator for the Wisconsin Astrobiology Research C
TechnologyFeb. 15, 2013
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Richest cosmic star field caught in image
A telescope in Chile has captured an image of a portion of the Milky Way so dense with stars almost no dark sky is seen across the picture, astronomers say.A 7-foot telescope at the European Southern Observatory‘s La Silla location took a photo of the Large Sagittarius Star Cloud in the constellation of Sagittarius.The cloud is one of the richest star fields in the entire sky, a release from ESO headquarters in Garching, Germany, said Wednesday.A small, isolated dark area, described as “a drop
TechnologyFeb. 15, 2013
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Seoul shares down 0.03 pct in late-morning trade
South Korean stocks traded marginally lower late Friday morning, as automakers and shipping lines drove the key index down, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.69 points, or 0.03 percent to 1,978.92 as of 11:20 a.m.No. 2 shipyard Hyundai Merchant Marine plunged more than 4 percent following a market forecast that its earnings had dwindled in 2012. Industry leader Hyundai Motor fell 1.8 percent. In contrast, domestic-focused issues gathered ground, wit
Feb. 15, 2013
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ING unloads KB Financial shares following botched deal
ING, a Dutch banking group, has sold its stakes in KB Financial, in an apparent move to rebuild its capital base and break away from its long-term relationship with the Korean banking group. The move comes after the sale of ING Life to KB Financial broke down between the two sides as KB backed away from the potential deal last year. ING is currently also looking to unload its shares in a KB insurance subsidiary.The Amsterdam-based company had been a major shareholder in KB Financial with a 5.02
IndustryFeb. 15, 2013
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iPhone bug opens phone without passcode
A bug in the iPhone's iOS 6.1 operating system allows anyone to unlock one and access data on the device without knowing the passcode, tech watchers say.The issue, uncovered by a YouTube user who posted a video demonstrating how it can be done, allows unlocking the phone and accessing call logs, contacts, voice mails, and even allows phone calls to be made, ZDNet reported Thursday.The phones lock can be circumvented by quickly making and cancelling an emergency call while briefly holding down th
TechnologyFeb. 15, 2013
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Cancer-related deaths up 20 pct among Seoul citizens over past decade: study
The number of cancer-related deaths in Seoul rose more than 20 percent over the past 10 years, data showed Friday.According to a comprehensive analysis on the health and welfare of citizens by the Seoul Metropolitan Government, for every 100,000 people 119.6 died of cancer in 2011, up from 98 in 2001. Lung cancer was the No. 1 cause of cancer-related deaths in 2011, killing 24.5 out of every 100,000 citizens, followed by liver cancer with 17.4, stomach cancer with 15.3 and rectal cancer with 13.
TechnologyFeb. 15, 2013
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Seoul shares inch down after strong start
South Korean stocks opened higher Friday but then fell slightly as a decline in the quarterly output of European nations spurred losses in key local exporters, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 0.39 points to 1,979.22 as of 9:15 a.m.Market bellwether Samsung Electronics slid 0.6 percent and automaker Hyundai Motor dipped 1.4 percent. The 17-nation eurozone economy reported on Thursday its gross domestic product declined 0.6 percent on-year in the four
Feb. 15, 2013
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Foreign banks cut dividends under officials’ pressure
Foreign banks operating in Korea appear to have scrapped their plan to offer more generous dividend payouts to main shareholders in the face of alleged opposition from the nation’s regulatory officials.Among the lenders are Standard Chartered Bank Korea and Citibank Korea, according to the Financial Supervisory Service.“Paying huge dividends to main shareholders ― more specifically to their parent groups in the U.S. and U.K. ― is spurring concerns about massive capital outflow and the local unit
Feb. 14, 2013
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Instant coffee mix, creamer contain more saturated fat than meat
Both instant coffee mix and powdered creamer contain high fat levels equivalent to fatty pork, a report found on Thursday. According to a research team led by professor Hwang Geum-taek of Seoul National University, most instant coffee stick products and creamers had a high level of saturated fat that can raise the cholesterol level in the blood.The team studied proportions of fat and saturated fat in 14 different creamer products and 11 instant coffee mix sticks currently on the market.The propo
TechnologyFeb. 14, 2013
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Second Korean iCJD patient died in January
Health authorities confirmed on Thursday that a 50-year-old man died of iatrogenic Creutzfeldt-Jakob disease in late January. The patient surnamed Baek was the second person diagnosed with the incurable and fatal brain disease in the country, Korea Centers for Disease Control and Prevention said. The first case of the disease was reported in November 2011, after the patient had died.Baek is believed to have contracted the disease after he received a dura mater graft transplant to treat an intrac
TechnologyFeb. 14, 2013
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New virus may have spread between people
British officials say a mysterious virus related to SARS may have spread between humans, as they confirmed the 11th case worldwide of the new coronavirus in a patient who they say probably caught it from a family member.The new virus was first identified last year in the Middle East and the 10 people who have previously been infected had all traveled to Qatar, Saudi Arabia, Jordan or Pakistan.According to Britain’s Health Protection Agency, the latest patient is a U.K. resident with no recent tr
TechnologyFeb. 14, 2013
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Cold weather and angina
Various diseases are aggravated by the cold weather. However, those with cardiovascular diseases, such as angina, hypertension or stroke, must take particular care.They say that the cold weather leads to the worsening of cardiovascular diseases. This is because the cold weather leads to blood vessel constriction, leading to increased blood pressure, which puts a greater workload on the heart. Thus, people may experience worsening angina symptoms, or have increased blood pressure in colder season
TechnologyFeb. 14, 2013