Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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S. Korea votes in favor of Palestinian bid for UN membership
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Farming households dip below 1m for first time in 2023
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One in 50 salaried workers earn over W100m
One in every 50 salaried workers in Korea made more than 100 million won ($93,000) last year, according to data from the National Tax Service.Out of the salaried workers who filed for year-end tax adjustments, the share of 100-million-won-plus income earners rose above 2 percent for the first time to 2.3 percent last year, from 1.8 percent in 2010.“The number of salaried employees who make over 100 million won is expected to remain unchanged or slightly decline this year due to the slowed econom
Dec. 27, 2012
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Number of Korean science students abroad growing
The Ministry of Education, Science and Technology said Thursday that the number of Korean students studying science and engineering abroad continues to increase, but has been offset by a high inflow of foreign students.Citing data by Korea’s Science and Technology Policy Institute, the ministry said that the number of undergraduate Korean students who went overseas to study science and engineering doubled to 24,674 in 2011 from 2003.However, the inflow of foreign undergraduates into Korean unive
TechnologyDec. 27, 2012
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Park’s life cycle health, welfare system put to test
Following is the eighth in a series of articles on President-elect Park Geun-hye’s key policies. ― Ed.President-elect Park Geun-hye used to say that her foremost task is to bring stability to people’s lives if she becomes the nation’s first female president. Projecting her image of a guardian of the state and of the people, Park pledged to introduce a Korean version of a lifecycle health and welfare system with programs tailored to all age groups from newborns to senior citizens.Park’s plans see
TechnologyDec. 27, 2012
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Growth plate injury
Growing children have growth plates around their joints, which promote growth of the upper and lower limbs. Such growth plates disappear when children pass puberty, and their growth stops. These growth plates are made of cartilage tissue, which is vulnerable to damage by external forces. Therefore, various traumas can lead to growth plate damage. Children enjoy outside activities and sports when the weather becomes warmer. This is why growth plate injuries most frequently occur in the spring and
TechnologyDec. 27, 2012
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LGD files another petition against Samsung Display
LG Display said Thursday that it filed a lawsuit against Samsung Display for infringing on its liquid-crystal display patent for the Galaxy Tab 10.1.LG asked the Seoul Central District Court to order Samsung to immediately stop producing and selling the firm’s 10.1-inch tablet PC. It also requested that Samsung must pay 1 billion won every day if it choose not to follow its demand.The filing of the suit comes as LG claims that the display technology used for the building of the Galaxy Tab 10.1 i
IndustryDec. 27, 2012
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Novartis wins patent claim in Seoul court
A Seoul court has ruled in favor of Swiss drug giant Novartis AG on a drug patent suit against SK Chemicals Co., a South Korean pharmaceutical and chemicals manufacturer, court officials said Thursday.The Seoul Central District Court ordered SK Chemicals to cease the production of its generic drugs, saying that the local firm has infringed upon a patent on treatment for Alzheimer’s disease developed by Novartis, they said.Earlier last month, the Swiss drug firm filed for an injunction with the c
Dec. 27, 2012
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Shares up on hope for rally next year
South Korean stocks ended 0.26 percent higher on Thursday as investor hopes for rallies next year outweighed falls in high dividend stocks, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index rose 5.1 points to 1,987.35. Trading volume was moderate at 371.9 million shares worth 3.02 trillion won ($2.82 billion), with decliners outnumbering gainers 434 to 380.“Investors snapped up shares on hopes for next year,” said Kim Young-jun, an a
Dec. 27, 2012
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Manufacturers’ business sentiment rebounds on improved economic data
South Korean manufacturers’ business confidence for January rebounded from a 44-month low tallied in the previous month as some economic data showed improved performances, the central bank said Thursday.The index of manufacturers’ outlook on business conditions came in at 70 for January, up from 67 tallied for December, according to a monthly survey by the Bank of Korea. The index measures manufacturers’ expectations for the coming month.A reading below the benchmark 100 means pessimists outnumb
Dec. 27, 2012
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Experts call for setting up of ICT ministry
A group of scholars Thursday urged that the new administration should establish a government branch that exclusively deals with issues related to the Information and Communications Technology sector.In a press conference, a group of 25 different academic organizations involved in ICT said a government ministry that takes full charge of content, platforms, and broadcast and telecom should be set up at the earliest date.“President-elect Park Geun-hye must revive the sectors of information, broadca
IndustryDec. 27, 2012
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Park seeks to curb energy demand
Following is the ninth in a series of articles on President-elect Park Geun-hye’s key policies. ― Ed. Ensuring a stable energy supply will surely be one of the key policy goals President-elect Park Geun-hye will push as Korea has the world’s 11th-highest energy consumption and is the fifth-largest oil importer. To achieve security in the energy sector, the new government will put more focus on the demand side in its energy policy as power demand has increased faster than supply for the past few
Dec. 27, 2012
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Government-held assets increase 5.6% in 2011
SEJONG (Yonhap News) ― Total assets owned by the government grew more than 5 percent on-year in 2011 due to land, buildings and equipment purchases, the Finance Ministry said Thursday.According to the ministry, the government held about 8,319 trillion won ($7.75 trillion) worth of assets at the end of 2011, up 5.6 percent or 439 trillion won from a year earlier.It is 2.3 times larger than in 2001 when the government held about 3,576 trillion won, the ministry said.The asset increase is due to pu
Dec. 27, 2012
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Corporate social contributions top W3tr
More than 200 South Korean companies spent over 3 trillion won ($2.7 billion) last year to support underprivileged people, a survey showed Thursday.The contributions come as many South Koreans called for corporate social responsibility in recent years amid widespread perception that conglomerates are to blame for the wealth gap.A total of 222 companies provided 3.12 trillion won to social welfare programs that range from scholarships and daycare centers to parks and welfare facilities, the Feder
Dec. 27, 2012
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China rebound to benefit Korea
China’s economy will create a juicy opportunity for South Korean consumer firms, as the Chinese authorities resolved to boost the world’s No. 2 economy, analysts said Thursday.South Korea’s companies that have set their eyes on the Chinese consumer industry will be one of the biggest beneficiaries of China’s move to ramp up domestic consumption, they said. “Chinese authorities have realized the limits of economic growth driven by exports and government investment,” said Kim Kyung-hwan, an analys
Dec. 27, 2012
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BossPack wins global packaging award
Packaging company BossPack Co. has been selected as next year’s winner of the WorldStar Packaging Award, presented by the World Packaging Organization, for inventing unique water-absorbing package film, the company said on Thursday. To be presented in May at an award ceremony in Australia, the 2013 WorldStar Packaging Award is conferred to globally competing firms that demonstrated innovative packing technologies in seven sectors: electronics, household, pharmaceutical and medical, health and be
TechnologyDec. 27, 2012
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Water-absorbing vacuum cleaners see success
Vacuum cleaners that can both dust and “wash” the floor have been gaining popularity in online stores, offline home appliance shops and on TV home shopping channels. Demand for hydro vacuum cleaners is ever rising, said chief executive Park Myung-duk of Chung Lim Aqua Co., a manufacturer specializing in cleaning equipment and agents. “The vacuum cleaner market operates on one of the fastest-changing trends both at home and overseas,” Park emphasized. In less than a decade, the global trend of va
TechnologyDec. 27, 2012
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Korean traditional alcoholic beverages go global
More and more foreign buyers are focusing on Korean traditional alcoholic beverages as Makgeolli, a rice-based alcohol product, has been gaining growing popularity in the overseas market.Amid the movement to revitalize the traditional alcoholic beverage market, more than 240 brands nationwide participated in the Korean Traditional Beverage Fair last October.The annual contest is aimed at elevating the quality of Korean alcoholic beverages by promoting taste competitions of representative brands
IndustryDec. 27, 2012
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Mark Zuckerberg‘s sister angered after family Facebook photo goes public
The confusion around Facebook‘s oft-criticized privacy settings hit close to home for founder Mark Zuckerberg, when his sister noticed that a photo she had meant to be private went public. On Christmas Day, Randi Zuckerberg posted a Facebook photo of her family -- including Mark -- reacting in mock surprise to the company’s new Poke app. When Callie Schweitzer, Vox Media‘s director of marketing, saw the photo at the top of her feed, she assumed it was public and promptly tweeted it to her follo
TechnologyDec. 27, 2012
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Kwang Dong raises price of Korea’s top mineral water brand
Kwang Dong Pharmaceutical Co. raised the price of Jeju Samdasoo, right after the company took over the sales rights for Korea’s leading mineral water brand from its previous owner Nongshim.Retail industry sources said on Thursday that Kwang Dong, the new nationwide distributor of Jeju Samdasoo, verbally announced it hiked the prices of 500-millileter and 2-liter products by 10 won and 15 won, respectively.The move is expected to prompt other mineral water makers to follow suit. Kwang Dong argued
IndustryDec. 27, 2012
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Smoking may worsen hangovers
A study of college students found those who smoked while drinking were more likely to report hangover symptoms after heavy drinking, U.S. researchers say.The study, scheduled to be published in the January issue of the Journal of Studies on Alcohol and Drugs, also found about one-quarter of people who drink enough to spur a hangover in most didn‘t actually develop one, and while no one is sure what that is, the study suggests smoking may be a factor.“At the same number of drinks, people who smok
TechnologyDec. 27, 2012
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Korean Peninsula hit by 56 quakes in 2012
As many as 56 earthquakes hit the Korean Peninsula this year, the second largest number since the nation began seismic observations in 1978, the state weather agency said Thursday.A 3.9 magnitude earthquake that was reported in Muju in the central region on May 11 was the strongest one of the year, according to the Korea Meteorological Administration (KMA).This year's tally compares with the annual average of 43.6 quakes between 1999 and 2011, the weather agency said, adding a record-setting 60
TechnologyDec. 27, 2012