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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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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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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Second Gimpo civil servant found dead, after apologizing for not finishing work
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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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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LS Cable & System chief to head LS Group
LS Group said Sunday that its board members have picked LS Cable & System chairman Koo Cha-yol as the next chairman of the business group.The incumbent LS Cable chairman will replace the outgoing chairman John Koo, who is scheduled to step down from his post on Dec. 31. The two figures are cousins.John Koo will be in charge of supportive activities for the conglomerate in terms of fostering talented employees, overhauling corporate culture, upgrading brand image and enhancing social contribution
IndustryNov. 11, 2012
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Shipbuilders turn to offshore building projects
The nation’s leading shipbuilders are shifting their focus to offshore plant building from traditional shipbuilding, which faced a sharp fall in orders throughout the year amid the prolonged economic recession in Europe. Hyundai Heavy Industries announced on Sunday it has built a production line on 202,000 square meters of land within the Onsan industrial complex in Ulsan to produce modules used to construct offshore plants. About 50,000 tons of large-sized modules for offshore plants will be pr
Nov. 11, 2012
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Government to limit firms’ power use
The government plans to launch measures to cut power use this week to prevent a possible blackout during the winter.“It is inevitable that the government will launch a full-scale power-saving campaign, including limits on power usage of businesses, to cope with unprecedented serial shutdowns of nuclear power reactors,” said an official from the Ministry of Knowledge Economy on Sunday. Three nuclear reactors, each with a power generation capacity of 1,000 megawatts, stopped operations last week d
Nov. 11, 2012
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Hyundai Motor finishes global plants
Hyundai Motor has completed its establishment of vehicle assembly lines on four continents ― Asia, Europe, North America and South America ― by recently launching a factory in Brazil.The company has been rolling out 1 million vehicles per year in China, 600,000 units in India, 300,000 units in the United States, 300,000 units in the Czech Republic, 200,000 units in Russia and 100,000 units in Turkey.At a ceremony to celebrate opening of the Brazilian plant in Sao Paulo over the weekend, chairman
IndustryNov. 11, 2012
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BMW widens its luxury-car sales lead after Oct. gain
Bayerische Motoren Werke AG widened its lead in luxury-car sales last month as demand for the 1- Series and X1 compact models helped it outpace gains by German rivals Audi AG and Daimler AG’s Mercedes-Benz. BMW-brand deliveries increased 15 percent to 132,823 cars and sport-utility vehicles in October, the Munich-based manufacturer said in a statement. That compares with growth of 14 percent to 123,600 deliveries at Audi and 6 percent to 109,632 vehicles at Mercedes. Even with the debt crisis de
MobilityNov. 11, 2012
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Female leadership gains ground in auto industry
GM Korea, the Korean unit of U.S.-based General Motors, has the largest number of female executives at 17 among carmakers operating here. The figure compares to none for Hyundai Motor and one for its affiliate Kia Motors ― the two companies that claim almost 80 percent of the nation’s car market. “Investing in women is the right thing to do,” said GM Korea CEO Sergio Rocha. “We promote them not because they wear skirts, but because of their skills and capabilities.”Over the past 10 years in Kore
MobilityNov. 11, 2012
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S. Korea's trade balance in cultural and entertainment products posts surplus
South Korea's trade balance in music, movies, games and other entertainment products has posted a surplus so far this year, helped by the growing popularity of Korean culture, data showed Sunday.The trade surplus involving personal, cultural and entertainment products came to $37.3 million up until the third quarter, according to the data provided by financial information provider FnGuide and the Bank of Korea.This marked a turnaround from a deficit of $218.5 million tallied during the same peri
Nov. 11, 2012
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Self-interest without feeling guilty makes people happier
People are happier when a self-benefiting option is imposed upon them because it frees them from having to take responsibility for the outcome, U.S. psychologists have found. Jonathan Bermand and Debrah Small of The Wharton School of the University of Pennsylvania speculated that removing an individuals’ sense of agency would remove their feeling of responsibility for an outcome, leaving them free to enjoy their own interests without feeling selfish.The two scientists conducted a laboratory stud
TechnologyNov. 11, 2012
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Walmart fires iPad-throwing workers
Executives at Walmart say the shoe dropped for a group of employees seen on video throwing and intentionally dropping new iPads at a Kentucky store.An unspecified number of nightshift workers at the Pikeville store were shown the door after a video showing their antics hit the Internet.“As anyone can imagine, it made us wince,” a Walmart representative told NBC News. “We are also embarrassed.”On the bright side, the rep said the store had not recorded anyone returning damaged iPads they had purc
TechnologyNov. 11, 2012
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Seoul shares slip on renewed economic woes
South Korean stocks closed 0.52 percent lower on Friday as investor sentiment was dampened by resurfacing uncertainties over the economic recovery, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 10.00 points to finish at 1,904.41. Trading volume was heavy at 628.2 million shares worth 4.74 trillion won ($4.35 billion) with decliners outpacing advancers 444 to 360.“Investors hate uncertainties. Now with the U.S. election over an
IndustryNov. 9, 2012
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‘Anipang’ creator targets global game market
Lee Jung-woong, founder of mobile game developer Sundaytoz and creator of “Anipang the Quiz,” plans to plant itself firmly in the global mobile game industry. Originally, “Anipang” was a game on social network platform Cyworld. As Sundaytoz formed a partnership with mobile SNS developer Kakaotalk, it launched the mobile version of “Anipang” on July 30. “When I went to the United States lately to check out how people play games there, I found out that only half of the American players would play
TechnologyNov. 9, 2012
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11 Street opens English site
Online shopping mall 11 Street opened its English domain to attract a larger number of foreign shoppers, the nation’s third largest e-shopping portal said Friday.The new domain displays product information, the payment process and other services in English. Expats can sign up for 11 Street using their email addresses. “We look forward to introducing excellent Korean products to our customers at home and abroad,” said an 11 Street official. “The English domain will help Korean small and medium-si
IndustryNov. 9, 2012
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Daesung chief to co-chair global energy organization
Kim Young-hoon, the chairman of Daesung Group, has been elected to co-lead the World Energy Council.The decision was made at the council’s Executive Assembly in Monaco on Thursday, industry sources said Friday. After serving as co-chair for three years, Kim will move on to become the chairman starting in 2016, in accordance with WEC regulations. Kim became another Korean to serve on an international organization, following in the footsteps of U.N. Secretary-General Ban Ki-moon and Kim Yong, pres
IndustryNov. 9, 2012
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Hyundai aims to expand market share in Brazil
Hyundai Motor is stepping up efforts to aggressively expand its presence in Brazil ― the only BRIC nation where, Korea’s largest carmaker admits, it has yet to be successful. With the recent completion of its first Latin American plant in the region, Hyundai now aims to sell 200,000 vehicles next year, becoming one of the top five carmakers in Brazil.“We have completed preparations for a new leap in Brazil. We will ramp up efforts to continue our success stories in India, China and Russia,” said
IndustryNov. 9, 2012
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Lotte Shopping sales to improve on Hi-mart takeover
Lotte Shopping Co., South Korea’s No. 1 retailer, is expected to fare better next year on improved sales in electronic goods following its acquisition of a local appliance retailer, analysts said Friday.The retail giant’s sales for 2013 are forecast to reach 30 trillion won ($27.4 billion), up 23 percent from this year’s estimate, according to a report released by Korea Investment & Securities Co.“Following the retailer’s acquisition of Hi-mart Co., Lotte Shopping can seek synergy among its dive
IndustryNov. 9, 2012
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Subscribe for shirts, buy brand-name goods online
Online shopping mall Shirts Magazine offers subscriptions for shirts, not magazines ― literally.For 100,000 won a year, you get a crisp new shirt delivered to your home every month. It’s like having your monthly-subscribed magazine in your mailbox. And you get to choose the color and design each month from a range of choices on the net. “I got the subscription for my husband,” says housewife Lee, who only wished to reveal her last name. Her husband is an urban professional in Seoul, who is requi
IndustryNov. 9, 2012
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S. Korea watchdog finds cracks in nuclear reactor
South Korea said Friday minor cracks were found at a nuclear reactor that have not caused a leak but still mean the facility will be kept offline, prompting fears of power shortages in the coming winter.The cracks were found during maintenance work on control rod tubes at a unit in the Yeonggwang nuclear complex, where two other reactors were recently shut down for several months to replace unvetted components.Half of Yeonggwang's six reactors will now be offline until January at the earliest, t
TechnologyNov. 9, 2012
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Crocodile jaws are super-sensitive to prey
Crocodile and alligator jaws are more sensitive than human fingertips and their sense of touch is among the most acute among animals, U.S. researchers say.Scientists, writing in the Journal of Experimental Biology, say the animals' jaws, covered with small, pigmented bumps that dot their skin, particularly around the face, are extremely sensitive to pressure and vibration, Discovery News reported.A previous study suggested the bumps -- known technically as "integumentary sensor organs" or ISOs -
TechnologyNov. 9, 2012
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Smart insole can help improve walking
A University of Utah engineering professor say her smart insole design using sensors and gyroscopes can help correct walking abnormalities.Stacy Bamberg of the university‘s department of mechanical engineering says her insole, which she calls the Rapid Rehab system, will eventually help correct walking problems for people with artificial legs, hip replacements and broken legs.The system uses a custom gel insole with force sensors, accelerometers and gyroscopes to detect a person’s gait, or walki
TechnologyNov. 9, 2012
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BOK freezes key rate at 2.75 percent
The country’s central bank left the key rate untouched on Friday, reflecting a hopeful outlook on the nation’s economy based on the brisk export growth in October. As widely expected, the Bank of Korea’s Monetary Policy Committee announced that it would keep the rate frozen at 2.75 percent for November to keep tabs on the impact of the quarter-point rate cut in the previous month. The economic downturn slowed in Korea as exports, consumption and investment improved, said BOK Governor Kim Choong-
Nov. 9, 2012