Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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McAfee arrested in Guatemala for illegal entry
U.S. Internet security guru John McAfee, on the run from authorities in Belize over a murder probe, was arrested by Guatemalan police Wednesday for illegally entering the country, officials said.“National police agents have taken Mr. John David McAfee before immigration authorities... He has entered our country illegally,” police spokesman Pablo Castillo told AFP.The former Silicon Valley entrepreneur, now a weathered 67-year-old, had been in hiding for more than three weeks until he crossed the
TechnologyDec. 6, 2012
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British boy's smartphone catches fire
British officials say their investigation of why a smartphone caught fire and left an 11-year-old boy's legs burned and permanently scarred is a priority.The family is now demanding the popular BlackBerry Curve 9320 mobile is recalled from shops in time for Christmas.Pete and Sarah McCreath say they are seeking the BlackBerry Curve 9320 smartphone recalled from British stores before Christmas after a BlackBerry device malfunctioned and spontaneously combusted, the Daily Telegraph reported. Sarah
TechnologyDec. 6, 2012
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Multiple media use linked to depression
People who use multiple media -- such as playing a computer game while watching TV -- have a higher risk of of anxiety and depression, U.S. researchers say.Lead investigator Mark Becker of Michigan State University said he was surprised to find such a clear association between media multitasking and mental health problems, but he is not clear why it occurred. “We don‘t know whether the media multitasking is causing symptoms of depression and social anxiety, or if it’s that people who are depress
TechnologyDec. 6, 2012
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Astronomers see solar system being born
U.S. astronomers say they've observed a young star with a rotating dust disk considered the youngest still-forming planetary system ever found.The infant star surrounded by a swirling disk of dust and gas is more than 450 light-years from Earth in the constellation Taurus, the National Radio Astronomy Observatory reported Wednesday.While just one-fifth the mass of the sun, it will probably pull in material from its surroundings and eventually match the sun's mass, scientists said.The disk of mat
TechnologyDec. 6, 2012
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Seoul shares open higher on tech, auto gains
South Korean stocks opened a whisker higher on Thursday on gains in tech and auto heavyweights, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose0.07 percent, or 1.38 points, to 1,948.42 in the first 15 minutes of trading.Market bellwether Samsung Electronics climbed 0.27 percent and top automaker Hyundai Motor advanced 0.88 percent.However, LG Electronics slumped 3.2 percent and Samsung SDI fell 2.92 percent following a cartel fine by the European Union.The local curren
Dec. 6, 2012
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Samsung SDI, LG Electronics fined by EU for TV tube cartel
South Korea's LG Electronics and Samsung SDI are among the companies fined a record total of 1.47 billion euros ($1.9 billion) by the European Union antitrust regulator over price-rigging of television cathode ray tubes, authorities said Wednesday. The European Commission fined LG Electronics 295.6 million euros and Samsung SDI 150.8 million euros, for fixing prices of now-obsolete cathode ray tubes with five other international firms over roughly a decade. The watchdog imposed the biggest penal
IndustryDec. 6, 2012
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S. Korea's economic growth hits over 3-year low in Q3
The South Korean economy grew at the slowest pace in more than three years in the third quarter on faltering facility investment, the central bank said Thursday, raising chances that the full-year growth will likely miss the bank's 2.4 percent estimate.South Korea's gross domestic product (GDP), the broadest measure of economic performance, grew a revised 0.1 percent in the July-September period from three months earlier, down from a previous estimate of 0.2 percent, according to the Bank of Kor
Dec. 6, 2012
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Samsung promotes heir-apparent to vice chairman
Samsung Group said it promoted Samsung Electronics chief operating officer Lee Jay-yong to vice chairman of the group’s flagship in its yearly personnel reshuffle of group CEOs on Wednesday.The promotion of Lee, the only son of Samsung Electronics chairman Lee Kun-hee, has widely been predicted in the market amid the ongoing power transition process in the nation’s largest conglomerate. In a statement, the group said the 44-year-old nominee “has made great contributions to the sectors of smartph
IndustryDec. 5, 2012
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Cash payment on decline
Card usage, whether credit or debit, is on the rise to replace cash as Korea’s main payment method. It is no longer rare to find people live their daily lives without cash. A recent survey of 1,000 card holders on their preferred payment method, conducted by the Korea Consumer Agency, found that credit cards are the most preferred, followed by debit cards and cash. If credit or debit card usage are combined, 9 out of 10 prefer to pay with plastic. As the nation’s financial authority plans to int
Dec. 5, 2012
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[Newsmaker] Samsung heir one step closer to succession
Samsung’s heir-apparent Lee Jay-yong has taken the next crucial step toward inheriting the Samsung empire. His promotion to vice chairman of Samsung Electronics was widely expected, as the younger Lee has quickly gone through a number of high-ranking posts in recent years, including the position of president. Explaining the move, a Samsung press release said the junior Lee was “recognized for his leadership in building Samsung into one of the world’s most loved brands and creating shareholder va
IndustryDec. 5, 2012
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S-Oil’s ‘Hero Support Program’ cheers firefighters
S-Oil, one of top three oil refineries in Korea, has strengthened socially responsible activities for its sustainable future. S-Oil takes a strategic approach to CSR activities. It developed the integrated CSR program, dubbed the “sunshine sharing campaign,” by adopting sharing as one of its core corporate values. Under the campaign, the company runs three support programs for heroes, the environment and local community. One major target of the “hero support program” is firefighters who are wil
IndustryDec. 5, 2012
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Samsung to launch LTE smartphone in Russian market
Samsung Electronics Co., the world’s top smartphone maker, said Wednesday it plans to roll out a smartphone that runs on the fourth-generation long-term evolution for the first time in the Russian market.The Galaxy S3 LTE is scheduled to go on sale starting on Dec. 10 in 17 major cities via MegaFon, Russia’s second-largest mobile carrier, Samsung said in a press release.MegaFon, which first introduced a commercial LTE service in Russia in May, has been moving to set up a network for the fastest
Dec. 5, 2012
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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