Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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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
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LG eyes bigger U.S. share with Lowe’s tie-up
South Korean home appliance giant LG Electronics Inc. said Tuesday it has signed an agreement with U.S. home appliance retailer Lowe’s as part of efforts to expand its reach into the world’s largest market.Under the agreement, LG will supply its home appliance products, including refrigerators and washers, to Lowe’s nationwide chains and online store starting next year, according to LG Electronics.“More U.S. consumers will be able to experience LG’s high-efficient home appliance products,” said
Dec. 4, 2012
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Galaxy S3 sweeps smartphone awards
The Galaxy S3, Samsung Electronics Co.’s flagship smartphone, is sweeping year-end awards given to the “smartphone of the year” by overseas IT media, market watchers said Tuesday.The Samsung smartphone recently grabbed the “best mobile phone of the year” award from British tech media site Pocket-lint. It also received the “product of the year” prize in British IT media V3’s annual technology awards.The South Korean tech giant’s Galaxy Note and Galaxy Note 10.1 were also touted as the best busine
Dec. 4, 2012
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Watchdog removes 29 firms from watch list
South Korea’s antitrust watchdog said Tuesday that it has taken 29 companies off the list that limits mutual investments and loan guarantees.The Fair Trade Commission said the number of corporate affiliates on the list stood at 1,802 of 62 business groups, down from 1,831 tallied in the previous month.The decline comes mostly from the exclusion of Eugene from the business groups subject to the restraints as the assets of its affiliates fell to 2.45 trillion won ($2.26 billion) following the sale
Dec. 4, 2012
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Shares down on weak U.S. data
South Korean stocks finished 0.25 percent lower on Tuesday as weak U.S. manufacturing data added onto investor concerns over budget issues in the world’s largest economy, analysts said. The local currency slipped against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 4.84 points to 1,935.18. Trading volume was light at 280.7 million shares worth 2.8 trillion won ($2.6 billion), with decliners outnumbering gainers 429 to 366.“Investors were disappointed with the weaker-than-
Dec. 4, 2012
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Hyundai-Kia set record November sales in U.S.
Hyundai and Kia, which stumbled through a mileage overstatement scandal in late October, did not see any major consumer fallout in North America last month, posting record November sales in the U.S.Hyundai Motor said Tuesday that U.S. sales rose 8 percent to 53,487 vehicles last month, while its affiliate Kia Motors sold 41,055 units, up 11 percent over a year earlier. Amid an enhanced marketing offensive by Japanese carmakers, however, their combined market share fell slightly last month to 8.3
IndustryDec. 4, 2012
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IBs expect Korea to grow 2-3% in 2013
Global investment banks have forecast 2-3 percent growth for the Korean economy next year, 8 percent growth for China and negative growth for the eurozone.The recession in the eurozone will continue to weigh on major economies around the world including Korea, while China will continue on the recovery path, they said. Four of the 10 investment banks that made projections for the Korean economy revised down their outlooks in November compared to October. Half of the 10 investment banks projected
Dec. 4, 2012
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Mars rover detects traces of carbon in soil analysis
The Mars rover Curiosity has offered a tantalizing sign that there might have once been life on the Red Planet, but scientists said it was too soon to make much of the first soil analyses. NASA’s Sample Analysis at Mars instruments have been sending back information as it hunts for compounds such as methane, as well as hydrogen, oxygen and nitrogen, that are the building blocks of life.Researchers detected simple organic compounds in the soil scooped up from a crusted dune. But they cautioned th
TechnologyDec. 4, 2012
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[Newsmaker] 2 nuke reactors open amid protest, concerns
A belated ceremony to celebrate the completion of the Shin-Gori nuclear power plant units 1 and 2 was held near the site, located in Gijang, Busan, on Tuesday. Despite the completion of unit 1 in February 2011 and unit 2 in July this year, the ceremony had been delayed due to opposition against operations by local citizens and safety concerns raised by a recent controversy over the usage of substandard parts in other nuclear reactors.The two newly built nuclear plants each with a capacity of 1 m
Dec. 4, 2012
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Korea, China agree to tap swap line for trade settlement
South Korea’s central bank said Tuesday it has agreed with its Chinese counterpart to use the existing bilateral currency swap line in boosting trade settlement in the two countries’ currencies.In October of last year, South Korea and China agreed to double their won-yuan swap line to 360 billion yuan ($57.8 billion) in a bid to secure foreign exchange liquidity.The Bank of Korea said it will lend money to commercial banks by tapping the currency swap and local firms will be able to use the fund
Dec. 4, 2012
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4% of baby girls will live to 100
Up to 4 percent of baby girls born last year are likely to live up to 100 years, government figures showed on Tuesday. Out of the male infants, about 1 percent would live to be 100, according to Statistics Korea. This is the first time that the office, which announces life expectancy figures every year, indicated how long newborns would live to be. On average, the life expectancy for newborns born last year reached 81.2, up 0.4 years from the year before. Among them, males were expected to live
IndustryDec. 4, 2012
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Labor tension runs high at Hyundai Group
Tension is escalating between labor and management at Hyundai Group after the union of Hyundai Securities, a financial unit of the conglomerate, made public alleged irregularities of some executives last month.At the time, unionized workers of Hyundai Securities filed complaints against group chairwoman Hyun Jeong-eun and several executives with the prosecution for seeking to “destroy” the union.At a news conference, the union claimed that several executives including then-executive vice preside
IndustryDec. 4, 2012
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Samsung Electronics revs up localization in Africa
Africa is the last emerging market, tech giant Samsung Electronics said on Monday, putting emphasis on its long-term African sales operation.The electronics behemoth set a 2015 sales target of $10 billion, about four times its current sales performance in Africa. Separating its Africa and Middle East operations in 2009, Samsung set up an additional head office in the Republic of South Africa for stronger localization of its products in Africa. The move was also an attempt to expand its pool of c
TechnologyDec. 4, 2012
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FTAs boost Korea’s exports to U.S. and EU
Free trade deals with the United States and the European Union have helped support South Korea’s exports, making up for declining overseas sales of the country’s goods affected by the prolonged global economic slump, customs data showed Tuesday.South Korea implemented free trade agreements with the U.S. and the EU in March of this year and July of last year, respectively. The worldwide economic slump led to a drop or relatively small growth in exports to those markets but sales of products benef
Dec. 4, 2012
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Poseco Housing at forefront of sustainable social enterprise
Sustainability is key for the future of a company. Social enterprises, better known as “good companies” in Korea, are no exception. Management of social enterprises has to develop a sustainable business model ahead of making other business decisions. According to the law on social enterprise promotion, a social enterprise in Korea is defined as a company that, while doing its business activities, pursues a social purpose of enhancing the quality of people’s lives by providing social services and
IndustryDec. 4, 2012
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More sleep results in less pain
If U.S. adults slept more, they would not only increase their daytime alertness but also feel less pain, researchers suggest. Timothy Roehrs of Henry Ford Hospital in Detroit said the study he led involved 18 healthy, pain-free, sleepy volunteers. They were randomly assigned to four nights of either maintaining their habitual sleep time or extending their sleep time by spending 10 hours in bed per night. The study, published in the December issue of the journal Sleep, found the extended s
TechnologyDec. 4, 2012
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Distant solar systems eyed as home to life
A study of eight "solar twins" of our sun suggests any planets orbiting those stars may very well be hotter and more dynamic than Earth, U.S. researchers say.Scientists at Ohio State University, searching for alien life in a new way, studied stars that very closely match the sun in size, age, and overall composition to measure the amounts of radioactive elements they -- and their planets -- may contain.Elements such as thorium and uranium are essential to Earth's plate tectonics because they war
TechnologyDec. 4, 2012
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Hand gestures for in-car controls?
Japanese carmaker Toyota says it is developing technology to allow drivers to control certain in-car functions such as radio volume with simple hand gestures.The head of Toyota‘s U.S. division said the company is working on new hand-motion technology that could have in-car applications to help limit distracted driving by keeping a driver’s eyes on the road.“We believe the driver must always be engaged,” Jim Lentz told The Wall Street Journal at the Los Angeles Auto Show. “It‘s really, really cri
TechnologyDec. 4, 2012
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Study reveals many lipsticks contain lead
Many of the lipsticks in the market today contain lead, according to recent research, and some scholars said they may pose a threat to the health of the general public.Underwriters Laboratories, a global safety and quality certification company, did random testing on 22 different lipsticks and lip glosses and found that 12 of them contained lead, with the highest levels at 3.22 parts per million. The study was commissioned by U.S. broadcaster ABC’s “Good Morning America.”While this is below the
TechnologyDec. 4, 2012