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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[Graphic News] More Koreans say they plan long-distance trips this year
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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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Farming households dip below 1m for first time in 2023
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Goldman expects 3.4% growth for Korea in 2013
Goldman Sachs projected that the Korean economy will grow by 3.4 percent next year as exports pick up on global recovery and low oil prices support consumption.The investment bank’s outlook for the KOSPI in 2013 is between 2,000 and 2,450 points (2,300 as baseline), with electronics, autos, steel and banks among the highest-performing sectors. The nation’s construction sector will also show a mild recovery after three years of contraction and the Korean won will gradually appreciate after weakne
Dec. 5, 2012
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Pakistan signs pacts with Korean firms
Pakistani President Asif Ali Zardari has been active in meeting with Korean heads of banking, energy and construction businesses to secure more investment to Pakistan during his stay here.The Pakistani president had meetings on Wednesday with leaders of GS Engineering & Construction Corp., Doosan Group, Daelim Industrial Co., KCC Corp. and Sambu Construction Industrial Co. to encourage them to participate in major projects in Pakistan, industry sources said. In a meeting with Doosan Group chairm
Dec. 5, 2012
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Import cars log record monthly sales in Nov.
Import car sales in Korea reached an all-time high in November. The Korea Automobile Import and Distributors Association reported on Wednesday that new registrations rose to 12,470 in November, a 35.1 percent increase from a year ago. The accumulated number of vehicles sold was 120,195 in the first 11 months this year, up 23.7 percent from last year’s 97,158 units, the lobby group for foreign carmakers here said. BMW continued strong sales with 2,703 new registrations, followed by Volkswagen wit
IndustryDec. 5, 2012
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Shares close higher on foreign buying
South Korean stocks closed 0.61 percent higher Wednesday, boosted by foreign buying, despite persistent U.S. budget woes, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index finished up 11.86 points to 1,947.04. Trading volume was moderate at 481.5 million shares worth 4.03 trillion won ($3.73 billion) with losers outpacing gainers 442 to 363. “The main index recently showed a modest relief rally after an urgent Greek bailout issue was
Dec. 5, 2012
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Hill to serve second term as SC Korea chief
Richard Hill, chief executive of Standard Chartered Korea and Standard Chartered Bank Korea, was reelected by both firms’ board of directors on Wednesday to serve a second consecutive term as the head of the holding company and the bank.His second three-year term will begin on Dec. 17, SC Bank said.Having started his career in Korea as executive vice president, chief financial officer and head of strategy of SC First Bank in January 2008, Hill became president and CEO of SC Korea and SC Bank Kor
Dec. 5, 2012
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KB Financial to make final call on ING Life takeover
KB Financial Group was set to decide on Wednesday whether to take over ING Life’s Korean arm from the Dutch insurance giant after some three months of deliberation.KB Financial, chosen in September as the preferred bidder for a controlling stake in ING Life Korea, was scheduled to make the decision at a meeting of top executives and a board of directors’ meeting Wednesday afternoon.But the takeover had not been tabled at the board directors’ meeting because some directors disagreed with the prop
Dec. 5, 2012
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New KTX-Sancheon trains mark 100 accident-free days
Korail, the state-run railroad operator, said Wednesday that its five KTX-Sancheon bullet trains have been in operation without accident for 100 consecutive days as of Dec. 2. The KTX-Sancheon, the successor to the French-made KTX, is the nation’s first high-speed train developed and manufactured with Korea’s own technology. Korail said it plans to present a certificate to the manufacturer, Hyundai Rotem, on Friday for the train’s accident-free record. Korail started operating the first 19 KTX-S
IndustryDec. 5, 2012
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Mobile game spices up working women’s lives
As the smartphone has become a necessity regardless of gender, mobile games have successfully pegged the female gaming culture now prevalent among working women. “In the past when online games were dominant, excellent female gamers would be stigmatized as game-addicted hermits,” said NHN Hangame spokesman Hwang Hyun-don, saying that female gamers had unfairly suffered from a negative, androgynous image. “Nowadays, all men and women can play games without damaging their personal image and style.”
TechnologyDec. 5, 2012
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Samsung, Apple on edge over U.S. ruling
One of the most-watched legal decisions in IT history is due in the United States as early as Thursday (local time) when a trial hearing is scheduled to rule on whether Samsung Electronics really did infringe Apple Inc.’s crucial designs for its smart devices and must pay Apple over $1 billion for the damages inflicted. The case has dragged on for over a year, and in August, a California court reached a verdict for Samsung to compensate Apple for patent infringement. Both the amount and implicat
IndustryDec. 5, 2012
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How to throw off an opponent attacking with legs apart
You are confronting an opponent in front of you and the opponent has his or her legs apart in a steady stance as shown in the pictures below.Here is how you can quickly overtake the situation with this self-defense technique.1. Cover your face with both hands while lowering your body to level up with the opponent’s lower body. Be careful not to look at the ground, but to look forward to watch the opponent’s movements. If the opponent attacks with the knees or feet, be prepared to immediately def
TechnologyDec. 5, 2012
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Changes in emotions linked to body temperature: report
Recent research from the University of Granada in Spain found that people’s emotions could be detected through thermographs, especially when they lie. The team claimed that when people lie, their nose and the orbit muscles around the eyes show a higher temperature than other parts of the face. The insula (a part of brain that is in charge of consciousness, detection and regulation of body temperature) may have some link to this temperature difference. In addition, the team has discovered that th
TechnologyDec. 5, 2012
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Dental health linked to men’s sexual performance: study
Turkish research suggested that men who suffer from serious periodontitis are likely to have erectile dysfunction.The study, published in Journal of Sexual Medicine, selected 80 men from the age of 30 to 40 with erection problems. The control group was composed of 82 men of the same age. Other possible factors such as BMI or income and education level were controlled for. Among those with erectile dysfunction, 53 percent had inflamed gums. Only 23 percent of the control group had dental problems
TechnologyDec. 5, 2012
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Seoul shares close 0.61 pct higher on foreign buying
South Korean stocks closed 0.61 percent higher Wednesday, boosted by foreign buying, despite persistent U.S. budget woes, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) finished up 11.86 points to 1,947.04. Trading volume was moderate at 481.5 million shares worth 4.03 trillion won ($3.73 billion) with losers outpacing gainers 442 to 363. "The main index recently showed a modest relief rally after an urgent Greek bailout i
Dec. 5, 2012
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Medical sensor is temporary skin tattoo
A medical sensor that attaches to the skin like a temporary tattoo could help doctors detect metabolic problems, researchers at the University of Toronto say.The sensor that comes in a thin, flexible package shaped like a smiley face could also help coaches fine-tune athlete‘s training routines, they said.The sensor can detect changes in the skin’s pH levels in response to metabolic stress from exertion during exercise, but can also give clues to underlying metabolic diseases such as Addison‘s d
TechnologyDec. 5, 2012
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Voyager 1 poised on space frontier
NASA says the Voyager 1 spacecraft has entered a region at the edge of the solar system, a final frontier it has to cross before reaching interstellar space.Scientists have dubbed the region a “magnetic highway” where charged particles where our sun‘s magnetic field lines are connected to interstellar magnetic field lines, the space agency said.The Voyager science team said it consider this region as still being inside our solar system because the direction of the magnetic field lines has not ch
TechnologyDec. 5, 2012
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Samsung names Lee vice chairman in patriarch’s succession plan
Samsung Electronics Co. promoted Lee Jae Yong to vice chairman, putting him a step closer to succeeding his father as leader of the world’s biggest maker of televisions and mobile phones. The elevation from President and Chief Operating Officer is part of the executive leadership change to lead Samsung’s future growth, the Suwon, South Korea-based company said in an e-mailed statement today. The appointment puts the 44-year-old Lee in line to take over from his billionaire father Lee Kun Hee, wh
IndustryDec. 5, 2012
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KOSPI likely to climb to as high as 2,380 next year: IBs
Foreign investment banks (IBs) are predicting South Korea's key stock index could rise as much as to the 2,380 mark next year on the back of improved economic conditions here and abroad, a report showed Wednesday. JP Morgan suggested the benchmark KOSPI will move within a range of 2,090-2,380 in 2013 as monetary easing and an increase in exports will likely fuel growth, according to the report by the Korea Center for International Finance (KCIF). As of Dec. 4, the main index has moved up 6 perce
IndustryDec. 5, 2012
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Bank of Korea buys more gold in Nov.
South Korea's central bank said Wednesday it increased its holdings of gold in November, the second time this year, in a bid to diversify its portfolio of foreign exchange reserves.South Korea purchased 14 tons of gold, raising the country's gold holdings to 84.4 tons valued at $3.76 billion at the end of November, according to the Bank of Korea (BOK).The move marked the BOK's fourth purchase of the precious metal since the bank bought it in July last year for the first time in 13 years. It also
Dec. 5, 2012
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BOK head voices hopes for permanent Korea-China swap line
South Korea's top central banker on Wednesday expressed hopes that the move by Korea and China to boost the use of their currencies for trade settlement would dispel talks over whether to extend the existing currency swap line.Korea and China have agreed to use their bilateral currency swap line valued at 360 billion yuan ($57.8 billion) to bolster the use of the won and the yuan for trade settlement.Bank of Korea (BOK) Gov. Kim Choong-soo said in a meeting with experts from foreign investment b
Dec. 5, 2012
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NASA aims to send another rover to Mars in 2020
NASA is headed to Mars again.The space agency said Tuesday it plans to launch another mega-rover to Mars in 2020 that will be modeled after the wildly popular Curiosity. To keep costs down, engineers will borrow Curiosity's blueprints, build from spare parts where possible and use proven technology including the novel landing system that delivered the car-size rover inside an ancient crater in August.The announcement comes as NASA reboots its Mars exploration program during tough fiscal times.``
TechnologyDec. 5, 2012