Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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LG Electronics spreads talent donations worldwide
LG Electronics is working toward spreading its talent donation movement in countries including Indonesia, Greece and South Africa.The company organized a campaign dubbed “The Biggest Hug from LG” for more than three weeks from Oct. 22-Nov. 13 in Greece for underprivileged families.As part of the event, LG asked people to give clothing donations for the group and set up its drum washer and dryer at a mall in Athens to wash them ahead of the clothing handout, its officials said.“We were then able
IndustryNov. 14, 2012
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Hyundai Oilbank completes BTX plant in Korea
Hyundai Oilbank Co., South Korea’s fourth-largest refiner, said Wednesday it has completed its BTX plant in the southwestern coastal area of the country, which is slated to start commercial production from January of next year. Hyundai Oilbank teamed up with Cosmo Oil Co., a Japanese refiner, to build the plant with a production capacity of 100 tons of BTX in Daesan, a coastal city 137 kilometers southwest of Seoul, the company said in a statement. The completion of the 600 billion won ($ 551.6
IndustryNov. 14, 2012
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Goldman Sachs to leave Korea asset management
Goldman Sachs Group Inc. plans to exit the South Korean asset management business amid sluggish global stock markets, according to three people with knowledge of the situation.The Wall Street firm will probably take steps to protect customers of its Goldman Sachs Asset Management Korea Co. unit, said two of the people, who asked not to be named as the matter is private. They did not specify the timing of an exit.“Our expectations for the local Korean asset management business have not been met,”
IndustryNov. 14, 2012
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Samsung mobile chief rules out patent pact with Apple
Samsung Electronics’ mobile chief Shin Jong-kyun on Wednesday ruled out the possibility that it will sign a licensing pact involving its global patent litigation with its rival Apple Inc.Shin said the company has “completely no intention” of participating in negotiations with Apple when asked about its future road map involving the global patent battles staged in nine different countries.“I’m not sure if it’s true that HTC has agreed to pay up to 300 billion won ($276 million) per year (in royal
IndustryNov. 14, 2012
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Antitrust watchdog in jitters over proposed ‘chaebol panel’
The Fair Trade Commission, the nation’s top antitrust organization whose main job is to ensure fair competition in the markets, is fretting over independent candidate Ahn Cheol-soo’s ideas to install a presidential office for keeping chaebol in check. As Ahn announced earlier this week, the committee would be installed directly under the presidential office for efficiency’s sake ― meaning it would be designed so the president could keep tabs on all committee operations. For the FTC, this could m
IndustryNov. 14, 2012
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Shares up on eased fiscal woes
South Korean stocks edged up 0.23 percent Wednesday as investment sentiment got a boost from emerging signs of an early settlement of the U.S. fiscal cliff, analysts said. The local currency rose sharply against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 4.34 points to close at 1,894.04. Trading volume was heavy at 525.2 million shares worth 4.7 trillion won ($4.3 billion) with losers outnumbering advancers 479 to 337.“Expectations are high on reports that Republicans
Nov. 14, 2012
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CJ clashes with Samsung over memorial rites
Samsung Group and CJ Group have clashed again over the scheduled commemoration ceremony for the late Samsung founder Lee Byung-chull.The conflict over the ancestral rites has come under another spotlight amid the drawn-out inheritance fight between top figures of the two conglomerates tracing back to Samsung’s late founder.In a statement on Wednesday, CJ claimed that Samsung is seeking to hamper ordinary yearly visits to pay respects by siblings and other relatives.“Samsung has notified that non
IndustryNov. 14, 2012
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Confusion grows over car mileage
Hyundai Motor Group’s recent mileage overstatement scandal in North America now raises eyebrows of Korean customers like Lee Hae-mi, a Seoul resident who owns a 2011 Kia Soul. Among 13 Hyundai and Kia brand car models forced to reduce their mileage by one to two miles per gallon on average, the largest adjustment was six miles per gallon for the Soul. While the Soul’s fuel economy in the United States was lowered from 27 miles per gallon to 21, or from 11.5 kilometers per liter to 8.9, its offic
IndustryNov. 14, 2012
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Korea eyes Mideast, E. Europe for hallyu sales
The Middle East and Eastern Europe are the next strategic long-term markets for Korean cultural content, the Korea Communications Commission said Wednesday. Through its sub-organization Korea Internet Security Agency, the KCC spends about 800 million won ($730,000) every year to showcase Korean TV content, which has been one most popular types of Korean cultural product overseas. Sponsored by the KCC, a group of KISA officials held four one-day showcases each in Turkey, Bulgaria and Jordan betwe
TechnologyNov. 14, 2012
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‘Starcraft II’ expansion ‘Heart of the Swarm,’ to be released next year
“Starcraft II: Heart of the Swarm,” the first expansion pack of “Starcraft II: Wings of Liberty,” will be released in March next year, game developer and publisher Blizzard Entertainment said Tuesday. “Heart of the Swarm” features new units, including Terran Hellbats, Zerg Swarm Hosts and Protoss Tempests, along with new maps. The expansion set has about 20 campaign missions, and provides an enhanced battle net service, Blizzard said at a “Starcraft” community party held in Seoul.“With ‘Heart of
TechnologyNov. 14, 2012
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Google says more countries asking for Web content removal
Google Inc. said government requests to remove content from its search results and other services rose 71 percent in the first half of the year, according to a new report.The owner of the world’s largest search engine said there were 1,791 requests in the six months through June, up from 1,048 during the last six months of 2011, according to its Transparency Report. Turkey’s government made 501 requests to remove content, up from 45 in the previous period, while the U.S. followed with 273, up fr
TechnologyNov. 14, 2012
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New generation arrives for mobile messengers
The soaring popularity of mobile messengers is nothing new in Korea, but the competition is expected to get fiercer among the top industrial players like Kakao Talk and NHN’s Line. In total subscribers, NHN, operator of No. 1 online portal Naver, has secured about 74 million users as of Tuesday with its mobile messenger Line, closely followed by Kakao Talk which has a user base of 66 million as of early this month.Line, which opened service in June last year, is a mobile messenger that has gaine
TechnologyNov. 14, 2012
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Coupang fined for selling low quality beef
Coupang fined for selling low-quality beef The Fair Trade Commission slapped fines worth 8 million won ($7,400) on social commerce company Coupang for falsely advertising the quality of beef it sold online, the commission said on Wednesday.In August last year, Coupang sold Australian beef it claimed to be of the highest level in the grading for beef quality. It turned out that the beef was actually among the lower grade of Australian beef — 9th out of 11 levels — the FTC said. Coupang had sold 1
IndustryNov. 14, 2012
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Ex-Shinhan chief stricken by Alzheimer’s disease
Former Shinhan Financial Group chairman Ra Eung-chan is suffering from Alzheimer’s disease, it was learned on Wednesday.His alleged illness became known as he refused to be present at court as witness for the group’s embezzlement case due to the disease. Ra submitted a notice on Monday that he will not be attending court because he is receiving treatment for the disease, according to Seoul Central District Court on Wednesday. Ra is known to have claimed that he “cannot remember” due to the disea
IndustryNov. 14, 2012
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Spanking linked to higher cancer risk
Children physically abused -- including spanking -- may be at greater risk of cancer, heart disease or asthma, British researchers suggest. Study leader Michael Hyland of Plymouth University‘s School of Psychology said stress caused by spanking or shouting at a child might lead to biological changes that predispose them to disease, The Daily Telegraph reported. The research team asked 250 healthy adults in Saudi Arabia about their childhood and compared the answers to their health as adults. The
TechnologyNov. 14, 2012
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Men and women select different ideal heights
The first research on men and women’s different natural selection was done in Sweden. Short women and men of average height are more successful at reproduction, according to the study.Gert Stulp, with colleagues from Groningen, Amsterdam and Cambridge University, studied the number of children born to brothers and sisters in a large-scale American database containing data on thousands of residents of Wisconsin born in 1937 or 1938. “It turned out that by taking the height of just one person, we
TechnologyNov. 14, 2012
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'Love hormone' keeps men in relationship away from other women: study
A new study suggests that men are prompted by a hormone which keeps them distant from other attractive women.Rene Hurlemann, a researcher at the University of Bonn in Germany, said in a statement that “oxytocin,” a hormone which is known to contribute to pair-bonding, encourages men to expand their personal emotional barrier when attractive women are around.Hurlemann added that the barrier is activated only when those men are in relationships. Single men do not show such response even when they
TechnologyNov. 14, 2012
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Artificial lens mimics the human eye
U.S. researchers say they've created an artificial lens that could lead to implantable lenses to replace damaged or diseased human eye lenses.Nearly identical to the natural lens of the human eye, the technology behind the artificial lens is called "GRIN" or gradient refractive index optics.The lens is made up of thousands of nanoscale polymer layers that bend, or refract, light by varying degrees as it passes through it."The human eye is a GRIN lens," Michael Ponting, a polymer scientist at Cas
TechnologyNov. 14, 2012
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Sky-gazers in awe of total eclipse
Sky-gazers in northern Australia donned protective glasses as the clouds parted Wednesday to allow them to witness one of nature‘s greatest phenomena -- a total eclipse of the sun.All eyes and cameras turned to the heavens over tropical north Queensland as the moon began moving between the Earth and the sun, like a small bite which gradually increases in size.Cloud cover threatened to spoil the party and huge cheers erupted when they parted to give tens of thousands of eclipse hunters a perfect
TechnologyNov. 14, 2012
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Climate change said threat to world coffee
Arabica beans, responsible for 70 percent of the world‘s coffee market, could face extinction due to climate change, researchers at Britain’s Kew Gardens say.Rising tides and warming temperatures worldwide could render 99.7 percent of popular current bean-growing regions unsuitable for raising coffee, possibly causing the world‘s predominant coffee crop to be extinct by 2080, the researchers said.Wild Arabica grows naturally in the mountains of Ethiopia and South Sudan, and while most commercia
Nov. 14, 2012