Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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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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Telecom giant KT launches global music app
KT Corp., South Korea's top fixed line and No. 2 mobile operator, said Tuesday it has launched its smartphone music app in 45 countries, a move that comes in line with its overseas expansion drive and the growing popularity of K-pop.Android device users can download the "Genie K-pop" app at Google Play stores in 45 countries, KT said in a press release, adding the country plans to expand the service to 10 additional countries.The 45 countries include major markets in Asia, Europe and America suc
IndustryJan. 15, 2013
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U.S. tech firm introduces dynamic keyboard for touch device
Tactus Technology unveiled a touch screen with buttons that rise up from the surface on demand at the Consumer Electronics Show in Las Vegas.The California-based company called the technology a “tactile user interface.” It features a convex keyboard that sits on top of the existing touch screen, and then recedes back into the screen.The keyboard features a small amount of fluid in a reservoir embedded in the phone or tablet. The company’s official website said that the buttons’ layout and shape
TechnologyJan. 15, 2013
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Apes have a sense of fairness: report
A study has found that Chimpanzees have a sense of fairness, which had long been regarded as unique to humans.Researchers at the Yerks National Primate Research Center in Emory University conducted research to find out if chimpanzees have a human-like sense of equality. The researchers tested six apes on the Ultimate Game. In the game, two players are rewarded with a small prize only if one individual agrees to split the prize. Adult humans most often offer a suggestion that equally benefits bot
TechnologyJan. 15, 2013
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Seoul shares down 0.5 pct in late-morning trade
South Korean stocks traded 0.5 percent lower late Tuesday morning, led by losses in utilities and tech issues, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 10.01 points to 1,997.03 as of 11:20 a.m.State-run electricity provider Korea Electric Power Corp. dipped nearly 2 percent, with tech blue chip Samsung Electronics falling 1.6 percent. In contrast, telecom and auto shares continued their winning streak, with SK Telecom jumping around 3 percent. The local curr
Jan. 15, 2013
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Seoul shares inch up after weak start
South Korean stocks got off to a weak start but soon rose slightly on the back of foreign buying amid a lack of positive leads, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) began 0.15 percent lower as soon as it opened but turned to trade up 2.24 points, or 0.11 percent to 2,009.28 in the first 15 minutes of trading. Overseas investors started off snapping up local shares worth 14.9 billion won (US$14.1 million) as of 9:15 a.m., driving up the main index. Telecom and au
Jan. 15, 2013
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Apple cutting orders for iPhone 5 parts
NEW YORK (AP)— Apple shares are falling in premarket trading after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weaker-than-expected demand.The newspaper says two people it did not identify by name told it that Apple's first-quarter orders for iPhone 5 screens have dropped to about half of what the company had planned to order.The report says one of the sources told the newspaper that the U.S.-based company has also cut orders for components
IndustryJan. 14, 2013
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Samsung’s Galaxy S sales pass 100 million mark
Samsung Electronics’ Galaxy S lineup has shipped more than 100 million units in less than three years since being launched in 2010, the company said on Monday. Among the lineup consisting of Galaxy S, Galaxy S2 and Galaxy S3, the latest S3 has shipped more than 40 million just over half a year by selling an average 190,000 handsets a day worldwide. The Galaxy S3 model promised to be a hot-seller, having passed the 10 million mark in just 50 days following its launch in May last year with new fea
IndustryJan. 14, 2013
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T’way seeks foreign funding
Korea’s ailing small budget carrier T’way Air is seeking foreign capital to get back on track, rekindling controversy over the possiblility of the first foreign control of a Korean airline. According to industry sources on Monday, Yearimdang, a major publisher that acquired T’way Air last month in a consortium, is currently in talks with five foreign-owned business for new investment. With the Singapore-based Tiger Airways cited as the most likely bidder, the final result of the deal is expected
IndustryJan. 14, 2013
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Poor air quality reported at Sejong offices
Harmful substances were found in the air of offices at the new Sejong Government Complex in South Chungcheong Province, according to a report.The Korea Institute of Construction Technology said Monday it measured late last year the level of total volatile organic compounds at an unspecified spot in the complex and the resulting figure was four to six times higher than the recommended level.The Ministry of Environment’s upper limit for TVOC in indoor offices is 500 micrograms per cubic meter but
Jan. 14, 2013
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Child obesity linked to fat parents: report
Children with fat parents or in poor families are at higher risk for becoming obese, according to a report released Monday.Researchers at Inje University Paik Hospital said children who have a higher body mass index tend to have parents with a higher BMI than average. Korean adults who have a BMI of 25 or higher are classified as obese.The team led by professor Kang Jae-heon at Department of Family Medicine studied 1,502 elementary students for the past two years to find major factors that incre
TechnologyJan. 14, 2013
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Scientists find new properties in physical transition
A group of South Korean scientists, together with German researchers, have discovered new properties of transition from quantum to classical physics that may help build an entirely different kind of quantum computers, the government said Monday.In their paper, titled “Non-monotonic quantum-to-classical transition in multiparticle interference,” the scientists claimed to have theoretically and experimentally proved that the long-believed monotonicity of the quantum-to-classical transition is, in
TechnologyJan. 14, 2013
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Time to struggle for return: HSBC
The year 2013 will be the investors’ struggle for a comeback amid a low-yield environment, making high-yield bonds and emerging market equities attractive, said Philip Poole, global head of macro and investment strategy at the Hongkong and Shanghai Banking Corp. on Monday.According to HSBC’s scenario, the key developed world interest rates will stay close to zero for at least another two years. Poole advised investing in emerging countries rather than developed countries, and to go for private b
BusinessJan. 14, 2013
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‘Asian bonds, Chinese real estate promising in 2013’
Global asset management firm BlackRock has predicted that bonds of Northeast Asian countries and Chinese real estate will be the best pick for global investors in 2013.“Asian and emerging market fixed incomes experienced strong inflows in 2012 relative to other fixed income markets, and we anticipate this trend continuing into 2013,” said Joel Kim, BlackRock’s managing director and head of Asia-Pacific fixed income, at a press conference last week.The Asian fixed-income market will show a positi
BusinessJan. 14, 2013
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[Power Korea] Hyundai outstrips Audi, Porsche in brand value
In 2005, Hyundai Motor Co., the flagship of Hyundai Motor Group, came into the spotlight in the global arena when it was included on the list of the world’s 100 most valuable brands for the first time. Interbrand, the U.S.-based management consultancy, ranked the Korean carmaker 84th among enterprises worldwide that year.Hyundai Motor saw its yearly ranking assessed by Interbrand continue to climb ― to 75th in 2006, 72nd in 2008, 65th in 2010 and 53rd in 2012.Among automotive brands, the company
IndustryJan. 14, 2013
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[Power Korea] K-series fires up Kia’s growth potential
Chung Mong-koo, son of late Hyundai founder Chung Ju-yung, prioritized normalizing the management of Kia Motors when he took office as chairman of Hyundai Motor Group in 1998.Under a full-fledged effort by the Hyundai chief and vice chairman Chung Eui-sun, Kia was upgraded to a key subsidiary of the automotive group after it was acquired by Hyundai in the wake of the 1997 financial crisis.Since 2005, Kia has focused on the European market and has identified design as its “core future growth engi
IndustryJan. 14, 2013
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[Power Korea] Hyundai Motor Group lifts Korea’s brand image
Like Chinese or Indian firms these days, Korea’s Hyundai Motor embarked on its vehicle manufacturing business in coordination with a global automaker about 45 years ago.Hyundai Motor, which was established in 1967 under the leadership of late Hyundai founder Chung Ju-yung and his brother Se-yung, released the Cortina compact in coordination with Ford Motor in 1968.The company made its successful debut as an independent brand by unveiling the Pony, a four-door small sedan, in 1975.The Pony and Po
IndustryJan. 14, 2013
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LGE sues Samsung over fridge ad
LG Electronics has sued Samsung Electronics over a controversial ad comparing the size of refrigerators manufactured by the two companies with unorthodox methods, according to the courts on Monday.The lawsuit, in which LG filed for more than 10 billion won in damages, was filed at a Seoul district court last Friday. “The ad deeply hurt our corporate image, and also affected our sales,” the company said, explaining why it decided to file the suit. “Further, we believe that unless we take addition
IndustryJan. 14, 2013
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Power market may open to private firms
The new government is likely to break up state-run Korea Electric Power Corp.’s monopoly in the electricity sales market, according to news reports.The transition committee is discussing ways to restructure the electricity market, which was one of the campaign pledges of President-elect Park Geun-hye, the reports said.The direction for restructuring is to remove the inefficiency caused by the electricity monopoly of KEPCO and to stabilize the supply and demand of electricity. The reform of the e
Jan. 14, 2013
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iPhone 5 price falls with popularity
Only a month after the official release of Apple’s iPhone 5 in Korea, the price has fallen to one-quarter of its shipping price on some online sites over the weekend.The Apple’s latest smartphone was offered at 199,000 won ($188) at ppomppu.co.kr among other group purchase sites beginning Friday.The shipping price of the iPhone 5 is originally 814,000 won. However, the cost of the gadget itself has dropped to 329,000 won thanks to massive subsidies by the telecom and device manufacturer. Then, a
IndustryJan. 14, 2013
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FSC scraps block sale plan for Woori Financial
Three financial firms owned by Woori Financial Group are expected to draw popularity in the mergers and acquisitions market, as financial authorities are set to resume the policy to privatize the state-funded group through a “split-sale” method this year.When the privatization process is revitalized, possibly eye-catching subsidiaries of Woori Financial could be Woori Investment & Securities, Kyongnam Bank and Kwangju Bank, according to officials in the bank industry.Their forecast comes as the
Jan. 14, 2013