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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[Graphic News] 77% of young Koreans still financially dependent
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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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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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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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Seoul shares gain 0.69 pct on China's growth data
South Korean stocks closed 0.69 percent higher Friday as the fourth-quarter growth in China raised anticipations that the slowdown in Asia's largest economy has bottomed out, analysts said. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 13.59 points to finish at 1,987.86. Trading volume was heavy at 575.9 million shares worth 3.83 trillion won (US$3.63 billion) with gainers outpacing decliners 544 to 242. "It can be interpreted a
Jan. 18, 2013
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Seniors become main users of e-readers in U.K.
One-third of middle-aged British people own a tablet computer or e-book reader, a higher rate than for younger people, according to research.According to research conducted by Mintel, a U.K.-based marketing research company, 29 percent of those over 55 in the U.K. own digital book readers or tablet PCs including Apple’s iPad and Amazon’s Kindle series, while only 22 percent of youngsters said that they used the devices.Among those aged 55 and above, women emerged as the biggest fans of e-book re
TechnologyJan. 18, 2013
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Mars image suggests ancient water flow
A European spacecraft has captured a striking image of a river-like structure on Mars believe formed when running water flowed in the distant martian past.A high-resolution stereo camera on the European Space Agency's Mars Express orbiter photographed the 1,000-mile steep-sided channel running through the Promethei Terra Highlands, an ESA release said Thursday.Dubbed the Reull Vallis, it is believed to have been created in Mar's Hesperian period that ended between 3.5 and 1.89 billion years ago,
TechnologyJan. 18, 2013
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Facebook rolls out free call feature for US iPhone users
Social media company Facebook added a new calling feature for iPhone users in the United States, BBC reported Friday. iPhone users in the U.S. are now able to call free-of-charge via Facebook Messenger app with Wi-Fi or a cellular-data connection. In the Facebook Messenger app, users can tap the ‘i’ icon in the upper right hand corner to make free calls. Users, however, can only make free calls to friends that have installed Messenger on their iPhones. Calls to landline numbers or friends who lo
TechnologyJan. 18, 2013
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Seoul shares up 0.37 pct in late-morning trade
South Korean stocks traded 0.37 percent higher late Friday morning, led by gains in share of financial firms and insurance companies, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) added 7.28 points to 1,981.55 as of 11:20 a.m.No. 1 life insurer Samsung Life Insurance surged nearly 5 percent, with major financial firm Woori Finance Holdings jumping more than 4 percent. In contrast, tech and auto blue-chips lost ground. Top-cap Samsung Electronics edged down 0.3 percent an
Jan. 18, 2013
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Apple market share dips as iPhone 5 glow fades
Apple Inc. saw its global handset market share fall last month on weakening demand for the iPhone 5, its first long-term evolution phone, a report showed Friday.The Silicon Valley firm's market share reached 16 percent in December, down 3 percentage points from the previous month, according to the report by Hong Kong-based researcher Counterpoint Technology Market Research.The decline, which comes three months after the iPhone 5 launch, was partly attributed to North American and European mobile
TechnologyJan. 18, 2013
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Seoul shares open higher on improved U.S. data
South Korean stocks got off a strong start Friday, tracking the gains seen in U.S. peers overnight on better economic data, analyst said. The benchmark Korea Composite Stock Price Index (KOSPI) climbed 9.21 points or 0.47 percent to trade at 1,983.48 in the first 15 minutes of trading. Most shares trended in positive terrain, with utilities and brokerage houses leading the gain. State-run electricity provider Korea Electric Power Corp. jumped about 2.5 percent with No. 2 player Woori Investment
Jan. 18, 2013
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NASA, Europeans uniting to send spaceship to moon
CAPE CANAVERAL, Florida (AP) ― NASA is teaming up with the European Space Agency to get astronauts beyond Earth’s orbit.Europe will provide the propulsion and power compartment for NASA’s new Orion crew capsule, officials said Wednesday. This so-called service module will be based on Europe’s supply ship used for the International Space Station.Orion’s first trip is an unmanned mission in 2017. Any extra European parts will be incorporated in the first manned mission of Orion in 2021.NASA’s huma
TechnologyJan. 17, 2013
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Curiosity readying to drill on Mars
LOS ANGELES (AP) ― Scientists have zeroed in on a Martian target for the Curiosity rover to drill into a rock outcrop as flat as a pool table that’s expected to yield fresh insight into the red planet’s history.Running a tad behind schedule, Curiosity was due to arrive at the site in the next several days. After an inspection of the surroundings, the car-size rover will test its drill for the first time “probably in the next two weeks,” project manager Richard Cook of the NASA Jet Propulsion Lab
TechnologyJan. 17, 2013
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Politics holds up science belt project
President-elect Park Geun-hye is looking to enhance the country’s science and technology competitiveness with the establishment of a powerful new ministry that will oversee research and development policies and industrialization of innovations. But it seems Park is already facing a major obstacle with the delay of a project to build a mega science and business complex that promised to house world-class basic science research organizations and related business facilities.The government is plannin
TechnologyJan. 17, 2013
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Norovirus spreading fast: KCDC
The number of cases of food poisoning caused by the norovirus sharply surged last year, health authorities said on Thursday.The Korea Centers for Disease Control and Prevention said a total of 49 cases of norovirus infection were reported last year, an 88.5 percent increase from 26 cases in 2011.The virus spreads quickly, particularly during the winter time. People must wash their hands as frequently as possible until March this year to prevent further infection, the agency said. Noroviruses are
TechnologyJan. 17, 2013
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Cancer center for women holds symposium
Ewha Womans University Hospital Cancer Center for Women will hold a symposium on the latest medical progress on cancer treatment on Jan. 25 at its hospital in Mok-dong, western Seoul.Speakers for the event are renowned medical doctors and researchers on women’s cancers, including Seoul National University Hospital professor Park Ung-yang, Korea University Hospital professor Kim Yeol-hong and Dr. Yoo Byeong-cheol of the National Cancer Center.They will talk about the challenge of developing cance
TechnologyJan. 17, 2013
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Australian study points to potential cure for AIDS
SYDNEY (AFP) ― An Australian scientist said Wednesday he had discovered how to turn the HIV virus against itself to stop it progressing to AIDS, describing it as a major breakthrough in finding a cure for the disease.David Harrich, from the Queensland Institute of Medical Research, said he had successfully modified a protein in HIV that the virus needed to replicate and instead made it “potently” inhibit virus growth.“I have never seen anything like it. The modified protein works every time,” sa
TechnologyJan. 17, 2013
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Common hip problems
The hip is the joint that connects the pelvis to the leg. Pelvic disease often occurs in this joint, which supports much of the body’s weight and has a structure commonly described as a ball and socket. When walking, the joint can be placed under 3-4 times more pressure than caused by body weight, and when running, this pressure can be 10 times more.Pelvic disease can occur after the middle-aged years. Fractures For younger people, fractures around the joint are usually caused by serious acciden
TechnologyJan. 17, 2013
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Stem-cell venture goes offshore to sidestep regulations
The Ministry of Health and Welfare and RNL Bio Co., a Seoul-based bio venture, are locking horns over controversial stem cell operations on Korean patients in Japan and China arranged by the firm.The government is considering taking legal action against the stem cell developer for a violation of Korean pharmaceutical law that bans injections of manufactured stem cells without approval from the state-run drug agency.Officials claim the firm has evaded the Korean law because it administered stem c
TechnologyJan. 17, 2013
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Credit card firms face probe over fees
The Financial Supervisory Service will dispatch inspectors to the headquarters of seven major credit card firms next week, in a bid to find out whether they charged retailers irregular service fees.“Starting on Jan. 21, the investigation into the overall credit card industry will be carried out over the next three weeks,” an FSS official said on Thursday.He said the financial regulator had demanded the seven issuers to tender a variety of documents on the card transaction fees on retailers befor
Jan. 17, 2013
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Shares slip on foreign selloff
South Korean stocks closed marginally lower Thursday, as overseas investors continued to dump shares amid lingering economic jitters and a strong local currency, analysts said. The Korean won edged up against the U.S dollar.The benchmark Korea Composite Stock Price Index shed 3.18 points, or 0.16 percent, to finish at 1,974.27. Trading volume was heavy at 821.3 million shares worth 4.06 trillion won ($3.84 billion) with losers outnumbering gainers 450 to 342. “Investor sentiment has become more
Jan. 17, 2013
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Korea not to levy taxes on clergy: ministry
SEJONG (Yonhap News) ― The Finance Ministry said Thursday that it has decided not to impose taxes on priests, monks and other religious leaders anytime soon, apparently leaving the controversial issue to the incoming government.The decision, which is part of the ministry’s tax code revision proposal unveiled earlier in the day, comes amid expectations that the government might push ahead with its earlier confirmed plan to tax the clergy under the principle that “there is a tax where there is an
Jan. 17, 2013
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LS Industrial wins $67m deal in Iraq
LS Industrial Systems Co., a leading South Korean manufacturer of electric components, said Thursday it has won a $67 million deal to build a power distribution control center for the Iraqi government.Under the deal with Iraq’s Ministry of Electricity, the company will build seven distribution control centers across the country by early 2015, LS Industrial said in a press release. The deal is the biggest a local firm has won in the smart grid sector.The distribution control center, which operate
Jan. 17, 2013
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Samsung-LG dispute escalates
Samsung Display Co. has filed a suit against LG Display Co. seeking the invalidation of the latter’s patents on liquid crystal display, according to legal industry sources Thursday, the latest move in a heated patent tussle between the two display giants.LG Display, the world’s No. 2 maker of LCD, first raised three patent infringement claims on LCD technologies against Samsung Electronics Co. and Samsung Display.In a suit filed with the Seoul Central District Court last month, LG Display argued
TechnologyJan. 17, 2013