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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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Woori continues systemized sharing
South Korea’s Woori Bank more effectively systemized its corporate social responsibility activities this year by focusing on different themes in each quarter ― multicultural families in the first, the disabled in the second, children in the third and elderly citizens living alone in the last. The bank invited children from multicultural families on a day out at Seoul Plaza skating rink in January, and women from those families to traditional cooking classes in April. Also in April, more than 250
Nov. 28, 2012
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SMEs take off on strong government support
Small and mid-sized companies in Korea are now being given more opportunities to pursue advanced technology to enhance their competence, and become more effective exporters. Making this possible is the Small and Medium Business Administration, which is offering all the necessary training, such as the basics for exporting products, improving product design, conducting overseas market research, searching for buyers and participating in overseas exhibitions, for the SME sector.In particular, the ad
IndustryNov. 28, 2012
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Hyundai Motor’s contract workers plan one-day strike
A group of non-regular employees at Hyundai Motor’s factories nationwide said they will go on partial strike on Thursday, demanding job security.Depending on coming situations involving concessions from management, their protest could develop into a full-fledged walkout, according to a statement from the non-regular workers’ union.While participants are likely to include a large portion of 13,000 contract workers at the carmaker’s plants in Ulsan, Asan and Jeonju, they plan to call on the manage
IndustryNov. 28, 2012
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Business sentiment hits 4-year low
South Korea’s business sentiment for December hit its lowest level in nearly four years due to concerns over the persistent eurozone crisis, record high household debt and the U.S. fiscal cliff, a poll showed Wednesday.The monthly business survey index for December fell to 82, the lowest level since March 2009 when it stood at 76.1, according to the survey of the country’s 600 largest businesses by sales by the Federation of Korean Industries, the lobby for the country’s large businesses.The ind
Nov. 28, 2012
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Korea logs current account surplus for 9th month
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 $5.82 billion in October, down from a revised $5.91 billion in the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.In the first 10 months of this year, the cumulative current account surplus re
Nov. 28, 2012
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SK Lubricants starts work on Spain plant
SK Lubricants Co., a unit of South Korea’s top refiner SK Innovation Co., said Wednesday that it has broken ground for a joint-venture plant for lube base oil in Spain in an effort to tap the global market.The plant will be built in Cartagena, a city in the southeastern coastal area of Spain, by the second half of 2014, and will have a daily capacity of 13,300 barrels of Group III lube base oil used for materials of high-grade lubes, SK Lubricants said in a statement. In order to build the plant
Nov. 28, 2012
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Hyundai unveils new Equus after four years
Hyundai Motor and Rolls-Royce Motor Cars unveiled their most prestigious segment cars separately on Wednesday in Cheongdam-dong, a district strewn with luxury designers’ boutiques in southern Seoul. Hyundai, Korea’s largest carmaker, introduced the more luxurious version of its upscale sedan Equus, four years after the previous launch ahead of its official sale starting early December. Though there is no drastic change in exterior design, the chrome grille and LED headlamps have a more sophistic
IndustryNov. 28, 2012
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Shares down on U.S. budget woes
South Korean stocks closed 0.65 percent lower on Wednesday as continued concerns on the U.S. fiscal cliff issue weighed on investor sentiment, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 12.42 points to 1,912.78. Trading volume was moderate at 403.5 million shares worth 3.85 trillion won ($3.55 billion), with decliners outnumbering gainers 523 to 270.“Lingering worries over a U.S. budget impasse offset positive factors su
Nov. 28, 2012
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Apple gives up patent life of crucial design
The patent litigation battle between Samsung Electronics and Apple Inc. saw a new twist Wednesday with Apple agreeing to limit the term for one design patent it used to win its $1 billion jury verdict against Samsung.Foreign news outlets said the Cupertino-based firm filed a “terminal disclaimer” with the U.S. patent office that limits the term of its design-related patent, which Samsung claims is too similar to another patent owned by Apple.The move comes as Apple may have been deeply impacted
IndustryNov. 28, 2012
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Korean handsets to capture 30% of market
Korea’s mobile phone manufacturers are expected to capture 30 percent of the global market for the first time in history this year, brokerage industry data showed Wednesday.Samsung Electronics and LG Electronics are anticipated to post market shares of 26.4 percent and 3.7 percent, respectively, for a collective 30.1 percent share of handset sales globally, Samsung Securities said in a report.The brokerage house predicted that the two companies’ 2012 sales would reach 440 million and 56 million
IndustryNov. 28, 2012
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Hyundai Motor, affiliates favored by foreign investors
Foreign investors have scooped up shares of Hyundai Motor Co. and its affiliates so far this year, with their buying of those stocks accounting for 40 percent of the total net purchase, data showed Wednesday.According to the main bourse operator Korea Exchange, Hyundai Motor, Kia Motors Corp. and two other affiliates were among the foreign investors’ basket of top 20 most-favored listed firms, taking up 5.6 trillion won (US$5.2 billion) of the combined net purchase of 14.3 trillion won.Overseas
IndustryNov. 28, 2012
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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