Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Which presidential candidate’s policy pledges are the more sincere?
The 2012 presidential election is expected to be a watershed moment in Korean politics as it will decide the direction of Korean economic policies now that we’ve gone through administrations from all sides of the ideological spectrum. In 2008, the people cast their votes for President Lee Myung-bak on the desperate hope economic growth and material prosperity would resolve the nagging wealth disparity problems. Almost five years have passed, and the situation has worsened ― to the point that eve
IndustryNov. 28, 2012
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Software academy to open in Pangyo Techno Valley
A tuition-free software school is accepting applications from prospective students from Nov. 28 through Dec. 12, with the academic center slated to open in March, according to NHN officials on Wednesday. Named “NHN Institute for the Next Network,” the software school, supported by the operator of the country’s largest portal Naver, is expected to become a cradle of “the next software culture,” its officials said.The institution registered under the Ministry of Knowledge Economy aims to nurture t
TechnologyNov. 28, 2012
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Samsung-Apple litigation sparks supply chain upheaval
Gone are the days when rival electronics firms set apart their parts supply businesses from current affairs such as patent disputes.It was in April of last year when Apple Inc. filed a lawsuit involving patent infringement against Samsung Electronics at a court in San Jose, and the two have been putting forward multiple suits against each other in nine different countries ever since. While Samsung has stressed numerous times that it will maintain its partnership with the Cupertino-based IT behem
TechnologyNov. 28, 2012
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How to throw off an approaching attacker
When an attacker approaches you from the front or you have little space between the opponent and yourself, the best way you can defend yourself is to throw them off balance. Follow these pictures to see how you can do this.1. An opponent close to you will instinctively grab at your clothes as shown in picture 1.2. Swing a leg behind the opponent’s knee against the calf while grabbing the opponent’s clothing as shown in picture 2. Move your body forward, instead of backward, to pull on your leg f
TechnologyNov. 28, 2012
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S. Korea, Paraguay agree to strengthen economic ties
South Korea and Paraguay have agreed to strengthen their economic cooperation, as they mark the 50th anniversary of diplomatic ties, the foreign ministry here said Wednesday.Jang Keun-ho, head of the Latin American and Caribbean Bureau of Seoul's foreign ministry, and his Paraguayan counterpart Julio Cesar Arriola held a Joint Economic Commission, the fifth of its kind, in Seoul a day earlier, and discussed ways to strengthen ties on a wide range of issues of mutual concern, including trade, inv
Nov. 28, 2012
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Most U.S. youth with HIV don't know
U.S. teens and adults ages 13-24 represent more than a quarter of new HIV infections each year, but 6-in-10 are unaware they are infected, officials say.A Vital Signs report from the Centers for Disease Control and Prevention in Atlanta said an estimated 12,200 new HIV infections occurred in 2010 among young people ages 13-24 -- 72 percent of estimated new HIV infections in young people occurred in young men who have sex with men and 57 percent were African-Americans.“That so many young people b
TechnologyNov. 28, 2012
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Researchers claim sequenced 'Bigfoot' DNA
A Texas veterinarian says she and fellow genetic researchers have confirmed the existence of "Bigfoot," though their findings have yet to pass peer review.Dr. Melba S. Ketchum of Nacogdoches, founder of DNA Diagnostics Inc. in the eastern Texas town of Timpson, said she and her team spent five years on their study of purported Bigfoot hair and concluded they have confirmed the existence of a hominin hybrid species, the legendary creature commonly called "Bigfoot" or "Sasquatch," living in North
TechnologyNov. 28, 2012
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Gardening could help long space missions
NASA says it is conducting plant research aboard the International Space Station because life in space may depend on it during future long-duration missions.Using plants to provide a food source and to recycle carbon dioxide into breathable oxygen may prove critical for astronauts who will live in space for months at a time, the space agency said in a release Tuesday.Several plant-growing experiments have been conducted to help scientists understand the impact of zero gravity conditions on plant
TechnologyNov. 28, 2012
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About 80 drugs interact with grapefruit
More than 80 common medications interact with grapefruit -- about half with serious complications, including death, Canadian researchers say.David Bailey, a clinical pharmacologist at the Lawson Health Research Institute in London, Ontario, first discovered the interaction between grapefruit and certain medications more than 20 years ago. Since then the number of drugs with the potential to interact has jumped. “What I‘ve noticed over the last four years is really quite a disturbing trend and th
TechnologyNov. 28, 2012
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Life found buried beneath Antarctic ice
U.S. scientists say they found metabolically active bacteria in the brine of an Antarctic lake sealed for thousands of years under more than 65 feet of ice.Researchers at the University of Illinois at Chicago, writing in the Proceedings of the National Academy of Sciences, said the finding sheds light on the limits of life in extreme environments.The brine has been isolated from the surface environment, and from any external sources of energy, for at least 2,800 years, they said."This provides u
TechnologyNov. 28, 2012
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S. Korea logs current account surplus for 9th month in Oct.
South Korea posted a current account surplus for the ninth straight month in October as exports gained ground, weathering the global slowdown and the local currency's gain, the central bank said Wednesday.The current account surplus reached US$5.82 billion in October, down from a revised $5.91 billion in the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.In the first 10 months of this year, the cumulative current account su
Nov. 28, 2012
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Korea ranks 9th in national brand value
Korea’s national brand value was worth $1.6 trillion, ranking ninth among 39 countries worldwide, a local think tank found Tuesday. The Institute for Industrial Policy Studies evaluated the brand competitiveness of countries, cities and companies based on surveys and trade volume. The United States topped the rankings with its brand value worth $12.2 trillion, followed by Germany with $7.4 trillion and Japan with $3.4 trillion. Over the past three years, Asia-Pacific countries showed the highest
IndustryNov. 27, 2012
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Korea to invest W579b in genomics research
The Korean government plans to invest 579 billion won ($534 million) in genomics research over the next eight years to create and support related industries in the field.Five ministries will be participating in the project ― the Ministry of Education, Science and Technology; Ministry of Health and Welfare; Ministry of Knowledge Economy; Ministry of Land, Transport and Maritime Affairs; and Ministry for Agriculture, Forestry and Fisheries.The plan comes as Korea has been lagging behind other adva
TechnologyNov. 27, 2012
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OECD: Korea to grow 3.1% in 2013
The Organization for Economic Cooperation and Development predicted a gradual pickup for the Korean economy on the back of improved exports next year, forecasting a growth rate of 3.1 percent.Korea was one of six nations the OECD predicted to register a rate of over 3 percent. For 2014, the outlook was even higher at 4.4 percent. Overseas shipments will rise as global trade gains momentum, the OECD said in an outlook report on Tuesday. The recovery in the global economy, however, would be “hesit
IndustryNov. 27, 2012
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Ericsson sues Samsung in U.S. for patent infringement
STOCKHOLM (AFP) ― Swedish telecommunications equipment maker Ericsson said Tuesday that it was suing South Korean rival Samsung in a U.S. court for violating patents.“Ericsson has today filed a lawsuit in the United States against Samsung for infringing its patents, after nearly two years of negotiations failed to reach an agreement,” a statement said.“The dispute concerns both Ericsson’s patented technology that is essential to several telecommunications and networking standards used by Samsung
TechnologyNov. 27, 2012
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Apple, LG face U.S. trial over Alcatel-Lucent patents
Apple Inc. and LG Electronics Inc. are set to face trial over claims by an Alcatel-Lucent SA unit that they infringed patents for electronic devices including phones and computers. The jury trial, scheduled to begin in federal court in San Diego, stems from a 2010 lawsuit by the Paris-based company’s Multimedia Patent Trust accusing Apple and LG Electronics of copying video-compression technology that allows data to be sent more efficiently over communications media, including the Internet and s
IndustryNov. 27, 2012
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Exports of Korean food rise on Korean Wave
Exports of Korean traditional foods of kimchi and red pepper paste rose sharply over the past three years on the back of the Korean wave, industry and customs data showed Tuesday.According to the data, exports of kimchi, a spicy fermented dish usually made with cabbage or radish, came to $88.82 million in the January-October period.Overall exports of kimchi for all of 2012 are expected to reach $107 million, up from $104.6 million last year, the data indicated.Outbound shipments of kimchi have r
Nov. 27, 2012
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Shares up on Greek debt deal
South Korean stocks closed 0.87 percent higher on Tuesday as eurozone agreements to cut Greek debts and aid the debt-ridden country helped ease investor jitters, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index climbed 16.69 points to 1,925.2. Trading volume was moderate at 572.1 million shares worth 4.49 trillion won ($4.14 billion), with decliners outnumbering gainers 425 to 392.“The recent development in the Greece situation, cou
Nov. 27, 2012
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Korea’s total debt reaches 2.3 times its GDP: regulator
South Korea’s total debt has ballooned to more than double the value of its gross domestic product, the financial regulator said Tuesday, calling for all-out efforts to rein in corporate and household debt.The country’s aggregate debt owed by the government, companies and households stood at 234 percent of its GDP as of the end of June, according to data by the Financial Supervisory Service. The debt-to-GDP ratio came in at 152 percent in 2000 for Asia’s fourth-largest economy, before jumping to
Nov. 27, 2012
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Hyundai-Kia third in market cap
Hyundai Motor and its affiliate Kia Motors are together the world’s third-biggest carmaker in terms of market capitalization.According to industry data, the two companies’ combined market capitalization reached 70.2 trillion won ($65 billion) ― Hyundai with about 47.1 trillion won and Kia with 23 trillion won ― as of Nov. 19.Their value on the global stock market could be regarded as No. 3 out of 12 major automakers, research analysts said.Toyota Motor topped the list with 155.5 trillion won in
IndustryNov. 27, 2012