Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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LG Uplus to introduce first unlimited LTE data plan
Korean telecommunication company LG Uplus announced that it will introduce a new subscription plan which provides unlimited Long Term Evolution data transfer for the first time in local industry.LG Uplus announced on Friday that the new LTE data plan will be released on Jan. 31 and will temporarily invite subscribers for three months. Whether the subscription will be available after three-month period will be later decided, considering the number of customers, the company said.The new unlimited
TechnologyJan. 25, 2013
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Seoul shares open lower on exporters' losses
South Korean stocks started lower Friday due to exporters' losses caused by the Japanese yen's sharp drop against the U.S. dollar, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 4.56 points, or 0.23 percent, to 1,959.92 in the first 15 minutes of trading.Hyundai Motor tumbled 3.61 percent after its announcement of last year's stellar performances on Thursday. Samsung Electronics also dipped 0.07 percent despite its record-high fourth-quarter earnings.The local currenc
Jan. 25, 2013
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Samsung posts record Q4 earnings
Samsung Electronics said Friday its 2012 fourth-quarter operating profit jumped 89.4 percent from a year before on strong exports of its Galaxy S3 and Galaxy Note 2 smartphones. Its net profit grew 75.6 percent on-year to 7.04 trillion won ($6.59 billion) in the three months to December, the company said in a regulatory filing.The world’s top smartphone maker achieved its largest-ever quarterly sales of 56.1 trillion won, up 18.51 percent from a year earlier, and operating profit of 8.84 trillio
IndustryJan. 25, 2013
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IMF lowers global growth outlook
The International Monetary Fund forecast a global growth rate of 3.5 percent this year, down from its initial 3.6 percent estimate in October.The IMF said the slow recovery in the eurozone and uncertainties concerning the U.S. fiscal cliff pose downside risks to the world’s economic growth.The U.S. is expected to post 2 percent growth, and Japan will grow 1.2 percent due to its stimulus programs.China would maintain growth above 8 percent, but the eurozone would shrink 0.2 percent, it said.South
Jan. 24, 2013
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Naro space rocket launch set for Jan. 30
The Ministry of Education, Science and Technology announced Thursday it has set Jan. 30 as the launch date of the country’s space rocket Naro-1.The ministry and the Korea Aerospace Research Institute held a meeting Thursday on how to monitor the weather conditions and possibility of collision with space debris on the day of the launch. The ministry said the exact time of the launch will be announced at 1:30 p.m. on Wednesday after taking into consideration the weather and space conditions on the
TechnologyJan. 24, 2013
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Korea develops new flexible electrode using silver nanowire
A group of South Korean scientists has developed a new transparent, flexible electrode with silver nanowires instead of expensive and hard-to-find indium, paving the way for the development of better and cheaper display panels, the science ministry said Thursday.Transparent electrodes are a key component of organic light-emitting diode panels, according to the Ministry of Education, Science and Technology.Conventional electrodes or transparent conducting films use indium, a rare earth material t
TechnologyJan. 24, 2013
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IVI appoints new chairman, sets new vision
The International Vaccine Institute, a Seoul-based multinational organization on vaccine development, has appointed Dr. Adel A. F. Mahmoud as its new chairman and Dr. Viveka Persson as vice chairman. Mahmoud will replace professor Ragnar Norrby of the Swedish Institute for Infectious Disease Control, who has held the post since 2006, the IVI said in a statement Thursday.It has also set a new vision to “discover, develop and deliver safe, effective and affordable vaccines for the world’s developi
TechnologyJan. 24, 2013
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Chung-Ang Univ. Hospital hosts forum on heart disease
Chung-Ang University Hospital will hold an international symposium in collaboration with the U.S.-based Mayo Clinic on Feb. 1-2 in Seoul to share information on the latest technology in cardiovascular care. Leading cardiologists and cardiac surgeons from Korea and overseas will give lectures on treating patients with different types of heart disease, the hospital said.Doctors will discuss eight topics, including “clinical debates on the timing of surgery,” “catheter-based therapy” and “cases of
TechnologyJan. 24, 2013
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How to have a healthy heart
With a Westernized lifestyle and diet, and an aging society, we live in a time of increasing cancer and cardiovascular diseases. The classic symptoms of heart disease include chest pain, palpitations, and shortness of breath. Many people with heart disease are unaware of any symptoms, so some people can suddenly develop symptoms having previously thought they were healthy. Therefore, if you have any symptoms related to the heart, it is highly recommended that a cardiologist examine you. Even if
TechnologyJan. 24, 2013
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Women have caught up to men on lung cancer risk
Smoke like a man, die like a man.U.S. women who smoke today have a much greater risk of dying from lung cancer than they did decades ago, partly because they are starting younger and smoking more ― that is, they are lighting up like men, new research shows.Women also have caught up with men in their risk of dying from smoking-related illnesses. Lung cancer risk leveled off in the 1980s for men but is still rising for women.“It’s a massive failure in prevention,” said one study leader, Dr. Michae
TechnologyJan. 24, 2013
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New implant technique reduces pain, improves results
A 53-year-old patient was once again on the operating table last month to get another dental implant for his upper right tooth. He found himself trembling with fear when thinking of the past surgeries that caused excruciating pain. But this time, it was different. After only two hours of surgery at S-Plant Dental Hospital in Seoul, the patient felt less pain, bleeding and swelling. He was even able to have dinner on the day of the surgery. All this was possible because Kim received a dental impl
TechnologyJan. 24, 2013
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Brokerages’ overseas losses narrow sharply
South Korean securities firms saw their losses at their foreign operations narrow sharply in the first half of fiscal 2012 from a year earlier as they ramped up cost-cutting efforts to weather the persisting global downturn, the financial regulator said Thursday. The combined net loss of 92 foreign units owned by 19 local brokerage houses reached $2.8 million in the March-September period, compared with a $40.9 million net loss the previous year, according to the Financial Supervisory Service. T
Jan. 24, 2013
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LG Display swings to black in Q4
South Korean panel giant LG Display Co. said Thursday it swung to a profit in the fourth quarter from a year earlier, boosted by strong demand for its lucrative products.Net profit reached 319.7 billion won ($299.1 million) in the October-December period, compared with a loss of 6.3 billion won a year earlier, LG Display said in a regulatory filing. Revenue jumped 32.3 percent on-year to 8.7 trillion won in the quarter, while the company posted an operating profit of 587.3 billion won, a sharp t
Jan. 24, 2013
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Shares dip on currency woes
South Korean stocks inched down 0.8 percent Thursday as the currency volatility in the foreign exchange market continued to weigh down on investor sentiment, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 15.93 points to finish at 1,964.48. Trading volume was high at 551.2 million shares worth 4.46 trillion won ($4.18 billion) with losers far outnumbering winners 518 to 289.“Shares of local carmakers and technology firms traded
Jan. 24, 2013
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Shinhan among top global sustainable firms
Shinhan Financial Group ranked among this year’s top 100 global sustainable firms by Corporate Knights, a Toronto-based media agency, at the 2013 World Economic Forum in Davos, Switzerland.Shinhan ranked the 86th among the 100 sustainable firms as the only Korean firm, the Korean financial group said. The Canadian media and investment research firm compiles and announces the annual list of “The Global 100,” or top 100 sustainable global companies, to recognize environment-friendly and energy-sav
Jan. 24, 2013
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Pension fund to vote against Bacchus spinoff
The National Pension Fund said Thursday that it will vote against Dong-A Pharmaceutical’s plan to spin off its core business unit at the coming shareholders’ meeting on Jan. 28.The pension fund, a main shareholder of the drug producer with a stake of 9.5 percent, pointed to “uncertainty” in terms of securing shareholders’ rights under the possible spinoff.Dong-A Pharmaceutical is seeking to establish a holding company and put its cash cow energy drink business, Bacchus, under an unlisted firm.Th
IndustryJan. 24, 2013
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Samsung flat TV retains top spot in U.S. market
South Korean tech giant Samsung Electronics Co. outperformed its competitors in the U.S. flat panel TV market last year, becoming the biggest seller in the region for the seventh straight year, data showed Thursday.Samsung’s U.S. market share reached a record high of 29.8 percent in 2012, up 1.7 percentage point from a year earlier, according to statistics released by the NPD Group, a leading North American market research company.The company’s market share in the liquid-crystal display and ligh
TechnologyJan. 24, 2013
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SK chief uses Davos Forum to cement ties with global tech firms
SK chairman Chey Tae-won is practicing his supporting role for the country’s third-largest conglomerate by engaging in semiconductor talks at the Davos Forum in Switzerland this week.SK Hynix said Thursday that Chey organized meetings with Qualcomm chairman Paul Jacobs as well as Cisco chief executive John Chambers to discuss cooperation measures in chip projects.The move is sought to be Chey’s first since stepping down from the helm of SK businesses and stating that he will play a supporting ro
IndustryJan. 24, 2013
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Korean firms decry U.S. anti-dumping duties on washing machines
Local electronics makers on Thursday vowed to take action against the recent move from the U.S. International Trade Commission to side with a preliminary decision from the U.S. Commerce Department to issue them with anti-dumping duties.The firms claimed that the decision was biased and reflected Washington’s protectionist policies, and that it also would be restricting the choice of U.S. consumers. Wayne Park, president and CEO of LG Electronics USA, said in a statement, “LG respects the work th
IndustryJan. 24, 2013
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Hyundai Motor unfazed by weakening yen
Hyundai Motor said Thursday it sees no immediate threat from the weakening Japanese yen, but pledged to toughen its readiness against its Japanese and global rivals as they are expected to ramp up their offensive amid an overall slowdown in car sales this year.“Because we have continued expanding overseas production, the risk from volatile foreign exchange rates has been largely reduced,” said Lee Won-hee, executive vice president and chief financial officer, during an earnings conference call a
IndustryJan. 24, 2013